Bitcoin Forum
July 28, 2017, 12:47:20 AM *
News: BIP91 seems stable: there's probably only slightly increased risk of confirmations disappearing. You should still prepare for Aug 1.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Setting up an altcoin mining pool  (Read 215 times)
Gasp0de
Newbie
*
Offline Offline

Activity: 1


View Profile
June 27, 2017, 01:16:08 PM
 #1

Hi everyone,
I recently jumped on the cryptocurrency hype train. Unfortunately, I am not willing to spend a million bucks on building a mining farm in china, so I thought about what I could do to participate Smiley I have quite some experience as a sysadmin and I like meddling with servers, so I thought I might try and set up a small mining pool. I know that I am not gonna become rich and also that no one is going to trust me with their asics hashpower etc., but it's really more for fun, I would even run it without a fee (or maybe if I run it longer at some point I will need a fee to finance the server). Now I just have two questions:

1. Why does everyone use MPOS for the Pools? I've stumbled upon uNOMP and found it quite interesting, as it works on node.js and is quite scalable, but every one seems to use MPOS for their pools. Is there a specific reason to that? Ease of use? Or is there more to it?

2. Can you suggest a currency where people are maybe a little more relaxed and have less of a gold digger mentality? I would love it if i could get a few people to use my pool, but I don't want to run a business, so I don't want to attract people that will go bananas when I should decide to take the pool offline or should it crash or something. Is there any currency that is more mined by hobbyists? Dogecoin maybe?

Thank you for your future answers and happy mining to everyone Smiley

Gasp0de
1501202840
Hero Member
*
Offline Offline

Posts: 1501202840

View Profile Personal Message (Offline)

Ignore
1501202840
Reply with quote  #2

1501202840
Report to moderator
1501202840
Hero Member
*
Offline Offline

Posts: 1501202840

View Profile Personal Message (Offline)

Ignore
1501202840
Reply with quote  #2

1501202840
Report to moderator
Decentralized search
Search for products or services and get paid for it
pre-sale Token CAT
25 July 50% discount
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Chicago
Sr. Member
****
Offline Offline

Activity: 293


View Profile
June 28, 2017, 06:41:18 AM
 #2

Hello,

    Have a look at the announcement threads and find one for some altcoin where there is not so much activity yet the coin is still traded on an exchange.
    You could probably end up with a little bit of luck, identifying one where there is no pool currently and only solo mining.

    Those communities, may be more inclined to trust your new pool and allow you to establish yourself while learning to become a pool operator.

Best Regards,
-Chicago
jmigdlc99
Member
**
Offline Offline

Activity: 112


View Profile
June 28, 2017, 08:50:52 AM
 #3

Not so familiar with #1.

But for #2, id recommend SIACOIN (SC). Its got lots of potential and the community seems more laid back, willing to wait patiently for future returns.

☷☷☷☷☷☷☰☰☰☰ WAVESTHE ONLY BLOCKCHAIN YOU NEEDWAVES ☰☰☰☰☷☷☷☷☷☷
DECENTRALIZED EXCHANGEBTC & FIAT GATEWAYSCOMMUNITY ASSETSICOs/LPOS
▩▬▩▬▩▬▩▬▩▬▩▬▩▬▩▬JOIN WAVES COMMUNITY PORTAL▬▩▬▩▬▩▬▩▬▩▬▩▬▩▬▩
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!