Slush pool Bitcoin calculator → Simply lies? Tests show the reality! Consider,that it is enclosed to factual Observations of Individuals is. The result from this is quite very much interesting and like me think to the Majority - therefore same to you on You - Transferable. Mining pool – a way for miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block. A “share” is awarded to members of the mining pool who present a . Dec 02, · Slush Slush Pool was the first mining pool and currently mines about 11% of all blocks. Slush is probably one of the best and most popular mining pools despite not being one of the largest. 8.
Bitcointalk slush pool9 Best Bitcoin Mining Pools: Legit Sites ( Companies)
At this time, Antpool keeps bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool. It can be argued that these rates prevent the service from being usable for small-time and big-volume users.
Consequently, some users on bitcointalk. Antpool had refused to enable arguably beneficial upgrades to Bitcoin for reasons that have been largely disproven. More specifically, the controversy revolved around Segwit — a feature that required miner activation to be enabled.
Despite the fact that most Bitcoin users wanted this feature activated, Antpool, among other pools, was attempting to block it. This eventually resulted in the Bitcoin Cash hardfork and the ultimate activation of Segwit on Bitcoin. The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware and runs its own pool.
So, unlike Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home. Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed to making Bitcoin decentralized:.
BitFury is fundamentally committed to being a responsible player in the Bitcoin community and we want to work with all integrated partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together.
Slush Pool is a name you probably heard if you ever researched mining pools. Slush Pool has been around since and is one of the oldest Bitcoin mining pools in existence. Since the launch, the pool has had its ups and downs but things have been mostly positive recently. Satoshi Labs run Slush Pool. You may also know Satoshi Labs from their work on Trezor , the first Bitcoin hardware wallet and Coinmap, a world map outlining which merchants accept Bitcoin. In terms of fees, Slush Pool is very similar to other mining pools on the market.
Customer support is at a high level. Of course, the users can send emails to the network officials if they have any problems. In most cases, a customer support agent will respond in less than 24 hours. However, you can also talk to customer support agents instantly if you have an emergency problem. The company has a dedicated website, where you can start a conversation with customer support if you have questions about your mining setup, user account, or rewards.
Security levels are more than satisfactory. You have 2-factor authentication and wallet address locking for emergency cases. You get a read-only token that allows you to log into your account, in case someone tries to hack your account or steal your identity. In addition to that, the company only uses highly-secured servers, which guarantee the safety of your Bitcoin wallets.
In conclusion, is Slush Pool worth your time and effort? The short answer is yes, Slush Pool is a good choice if you want to start mining. Plus, it gives awards to some of its most active users. Our guide on the best bitcoin wallets will help you pick one.
Read it here! Long-time miners will also be satisfied. The service is always at the top of mining trends. The company officials never stand still, issuing constant updates that make their service fresh and up-to-date at all times. Keep in mind though that while Slush is the oldest pool, it is by no means the biggest or the cheapest, and keeping fees low is crucial for any mining operation. F2Pool was originally launched in in Beijing. Due to its popularity, it soon expanded to other continents.
The service is now available in Russia, Canada, and the United States, among other countries. Today, with And keep in mind, F2Pool could potentially become the biggest pool soon. Just for reference, Poolin , the biggest pool, holds only 0. In addition to Bitcoin, F2Pool miners can also mine for Litecoin, Ethereum, and multiple other cryptocurrencies. All in all, you can mine for more than 40 cryptocurrencies in this pool.
Although the website was originally created just for the Chinese market, the company now has an English language version of its website and the interface is extremely easy to use for miners of all experience levels.
For most people, the services offered are what makes or breaks a mining pool. The biggest downside of F2Pool is their fee. In fact, this is double what slush charges. However, many miners clearly fee the fees are worth it, given the size of the pool. For instance, they offer daily payments and every time you reach 0. They operate on a PPS system, which means they reward the people who mine the most on their network.
Having good support is crucial for both experienced and inexperienced users. You need to talk to a knowledgeable person if you have any doubts or questions about your account or payments. They guarantee a response to all inquiries in less than 24 hours. However, you can contact them instantly through their chat if you have a real emergency.
The website has the HTTPS protocol and the service comes with a wallet-lock feature, which protects your investment in case your account gets hijacked. The company forbids it for security reasons to prevent identity theft on their network.
Should you use F2Pool or not? You already know that the answer is yes if you read the review carefully. However, considering the rewards and services offered, the fee is definitely worth it. Poolin is a multi-currency mining pool that includes popular and profitable coins, including Bitcoin, Litecoin, Bitcoin Cash, and Zcoin. It was started by the same founders of BTC. It is a Chinese-based mining pool with many miners from China, but it is open to everyone around the world.
Poolin has its own proprietary software that acts as a proxy between miners and the pool. It helps reduce network traffic and allows miners to sync their settings, create sub-accounts, and balance the electrical load. This feature is available for Bitcoin, Litecoin, and Zcash. It helps the Bitcoin network and provides supplemental income for miners within the pool. Custom software to turn off the miners in case of a network blackout to prevent hardware damage and save electricity.
Mining hardware used at full capacity is known to degrade at a more advanced pace, so this can help save your investment. This is useful for larger-scale operations. While most miners prefer to mine a handful of the top coins, Poolin supports some experimental altcoins. For those wanting to monetize their graphics cards, the pool also supports Ethereum mining.
This is the new mining protocol for Bitcoin that supports decentralization, fewer limitations while using ASIC hardware, and allows miners to make their own blocks.
This is useful due to the wild swings in price on crypto exchanges, and is beneficial if one overtakes the other. They have a minimum payout of 0. There is a 0 minimum payment if using a Bixin or Mixin wallet. Upon request, users may make manual withdrawals.
They were the former owners and founders of BTC. Poolin hosts nodes using cloud servers, so there is variance in which server you will connect to. This is contrary to a centralized server approach, which would have poor worldwide latency and security. For example, the main mining pool server is btc.
Investments are subject to market risk, including the loss of principal. Mining can be very profitable but only if you have the right software, choose the right pool, have the necessary ASIC mining hardware, and can find a great deal on power prices.
Getting all of these right is extremily difficult and unless you plan on making this your job, you will likely not be competitive. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices.
Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice.
Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.
Jordan Tuwiner Last updated December 2, Quick Tip Mining is not the fastest way to get bitcoins. Buying bitcoin with a debit card is the fastest way. Just Want Bitcoins? We will get back to you as soon as possible, usually within 24 hours. We cannot guarantee answering questions posted elsewhere.
Thank you for understanding. I'm on bitcoin for few weeks and didn't find block yet I'm mining on three CPUs. When many people have slow CPUs and they mining separately, each of them compete among themselves AND against rich GPU bastards ;- , because everybody counts sha hashes from the same range.
But new feature of the official bitcoin client called 'getwork' now enables work of many computers together, so they don't compete. Because there is now standalone CPU miner thanks to jgarzik! How that should work? When you start own miner with these credentials, server will send you work which was not calculated yet by other members of cluster.
But when your client find winning hash, you do not get full reward for block 50BTC right now , but only proportional part, which you calculate. When you have poor standalone computer, you need to wait many weeks or even months for finding full 50BTC reward.
When you join cluster like this, you will constantly receive small amount of bitcoins every day or week depends on full cluster performance.
You need to trust in central authority me that I don't steal block for myself. But I'm goofing around for few week and I'm amazed with bitcoin idea, so I don't plan to steal anybody right now Another possible problem is that somebody will ask for new work very often, but in fact he will not count real hashes. In this case it will look like he has very strong CPU and he should get big part of reward if cluster find a block. But there is a simple defense against cheaters: Central server sometimes send work which leads to 'winning' hash.
This was succesfully solved by letting miners calculate proof-of-work. It is not anymore possible to be a part of cluster and not count hashes. Are you interested in?
External link. Re: Cooperative mining November 27, , PM. Quote from: slush on November 27, , PM. I tried generating for weeks on it to no avail.
I have given up in the mean time and have instead purchased coins for use. If nothing else as part of an experiment to make your software more secure. There is another thread already on the forum for the source code to Cooperative Mining but I am not sure that it was complete or successful. There appeared several people participating but no additional work from them. Perhaps it was so successful that they no longer wish to have additional participants into their group- I am unsure.
My rate contribution may not win me blocks by myself but as a larger group hopefully I could be helpful. Please let me know if you move forward with this. Sure seems fair its better then waiting 1 year for 50 bitcoin.
Quote from: ribuck on November 27, , PM. For any given difficulty level, it doesn't even matter how many other machines are generating. Isn't cooperative mining a form of communism? Personnaly I gave this a thought and I think it's useless and much harder to do than one might think. First I thought it was a problem if only a few nodes were capable of mining. Now I don't care anymore. Even if only one was mining all new bitcoins, I wouldn't care much.
This node would do all the work recquired, and in the best way. Plus, anyone can take its place if it can hash more. Lucky guys with GPUs? Do you think those are distributed via lottery or something? Quote from: grondilu on November 27, , PM.
This is fundamentally flawed. I can join the "effort" and figure out how long it generally takes to perform one unit of work. After that time I send a message "ah, too bad I didn't find anything". Then someone does find an answer and I collect. Now, if I find the answer, I would simply communicate that to the rest of the network not the central server and there is no way for you to figure out that I double crossed you.
The distributed method there is now is a good way to mine. Possibly it would be better if it was easier to solve and that you would get less bitcoins, OTOH, people are still generating coins. Quote from: bitcoin2 on November 27, , PM. Quote from: jgarzik on November 27, , PM. The cheating problem has a trivial solution.
The distributed miners work to find a hash at a difficulty level that is considerably lower than the network requires. Whenever they find one, they send it back. When one of those hashes is difficult enough to meet the needs of the network, it generates 50 bitcoins which are distributed to those who have been sending in hashes at the easier level.
There's no way to look for easy hashes without also having a chance to find the occasional difficult hash. And when you find a difficult hash, there's nothing better to do with it than to send it back to the mining co-ordinator because it's a hash that pays them 50 bitcoins, not one that pays you 50 bitcoins. With this scheme there is no incentive to cheat, and no need for "banning".