I've been mining on slush's pool (mining.bitcoin.cz) for a week or so, and I've earned ~0.065 BTC. Should I switch to MtRed?
I started GPU mining on my main PC a week ago, then I started adding background miners to all the machines in my family I have access to (my video editing rig, with 2 GPUs, a few office PCs with single GPUs, and a few other assorted machines with CPU miners). I'm now running 11 workers total, all on slush's pool. I just found out about MtRed. How are the payouts? I'd love to support the reddit pool instead of some other guy's pool, but I'm just too BTC-greedy to switch if it'll mean slower mining. So, should I switch?
As an Bitcoin OG & experienced miner I've only one thing to say
... that this post is mainly a joke :D I browsed my old emails, noticed some coming from mining.bitcoin.cz and a few minutes of google research revealed that mining.bitcoin.cz is called slush pool nowadays, my login still woks and I once mined 0.02 BTC by myself: https://imgur.com/a/uspDtBF It was my router running for a year or so :D Just wanted to share that you can call me Bitcoin OG and experienced miner now, I will for sure!
Hi Cryptocurrency subreddit At the moment I'm Mining Bitcoins with about 7 Gh/s (Minepeon and a few ASIC USB Miners). I know it doesn't make much sense with such a low Hashrate, but I'm wondering if there is a currency (sha-256 based) that I can mine with more "Reward". Thanks for your answers Bischi1997 Edit: I'm using [mining.bitcoin.cz](mining.bitcoin.cz) at the moment.
Sky broadband has now decided Bitcoin related sites must be blocked "To prevent illegal activity"
Just got off the phone with a very friendly but ultimately useless young chap at Sky who informed me that I couldn't access mining.bitcoin.cz as it and many other bitcoin-related sites have been blocked (and will be staying that way) in order "to prevent illegal activity, and comply with court orders" I do not have the words... Edit: I live in the UK, though possibly not for much longer if this sort of thing keeps up DoubleEdit: Seems to be working ok now. My guess is that either they switched the filter on on our account for shits and giggles, or the site was blocked by accident and they've now fixed it.
We are Alena, Stick and Slush - the core of TREZOR team and founders of SatoshiLabs. Ask us Anything!
If you want to know more about us before asking your questions, read here: Who we are Stick did several smaller Bitcoin related projects, most known being Coinmap.org. He's our main Alchemist, totally into cryptography, hacking and hardware. slush has invented the pooled bitcoin mining and wrote the Stratum mining protocol. He is the main Architect of Trezor, with deep knowledge of Bitcoin that he's in love with since 2010. Alena aka Cor-Leonis has built a few startups in financial industry. She's the Champion, always thinking what to do next, the female element of the team, focused on strategy, marketing and money... surprisingly :) While working together on TREZOR we also largely contributed to Bitcoin standards (with several BIPs: 39, 43 and 44). More about our past achievements can be found at satoshilabs.com/team. Our goal/philosophy We aim at making bitcoin a perfectly trustworthy tool that is easy to use for everyone. Only when bitcoin can be used intuitively and securely, it will be used. links to our current projects
It has taken me a long time, but I finally committed ALL of my resources to BIP 101 - bitcoin xt
I run two full nodes and a small miner. I switched on full node to xt when all of this started, but now I'm fed up. I switched my miner back to slush's pool today and I updated my other node to bitcoinxt. Sometimes it just feels refreshing to do the right thing. If you want to move your miners to slush's pool and show your support for 8mb blocks (aka: bitcoinxt, BIP 101), set up an account at http://mining.bitcoin.cz and use these mining addresses: stratum+tcp://stratum.bitcoin.cz:3301 - General stratum+tcp://us-east.stratum.bitcoin.cz:3301 - USA stratum+tcp://eu.stratum.bitcoin.cz:3301 - Europe Slush is re-enabling BIPB101:https://bitcoinmagazine.com/articles/slush-pool-to-re-enable-bip-bitcoin-mining-1448902761 If you want to set up bitcoixt, it's pretty easy to just remove bitcoind and run the binary linked here: https://bitcoinxt.software/ You can find more information about bitcoinxt blocks here: http://xtnodes.com/
Let them hear your voice for BIP101! NiceHash -> Slush -> NiceHash -> ...
Since I see so few BIP101 blocks, I felt the need for a small experiment:
I setup a NiceHash.com and a mining.bitcoin.cz (slush pool) account. Then I filled up my nicehash wallet initially with some coins.
Then I rent Hashrate and pointed them to SLUSH BIP101 stratum servers:
stratum+tcp://stratum.bitcoin.cz:3301 - General stratum+tcp://us-east.stratum.bitcoin.cz:3301 - USA stratum+tcp://eu.stratum.bitcoin.cz:3301 - Europe (The above info is from slush FB site, they do not have it on their site yet, very confusing).
I set the payout address back to my NiceHash wallet.
Every share reward I mine is directly transferred back to NiceHash to rent more Hash power. Of course this method has frictional losses because of fees, luck and such. But since I believe in the need for bigger blocks and love this voting for consensus, its worth something. I will update this when I have numbers about invest, return, fees friction losses etc.. Update 1 I invested 1 BTC to start renting hashrate at approx 0.009 Btc/THash/Day. It burned 0.22 BTC of invest to get a return of 0.27 BTC. A gain of 0.05 Btc due to luck of mining for Slush. Lets hope it keeps up :) Update 2 Falling fiat prices (higher costs) combined with a bit bad luck can lead to a burnrate of ~20% per cycle (nicehash->slush->nicehash). Anyway from the numbers this can also be profitable. Maybe I retry at a higher fiat price.
GHash.io just mined 4 blocks in a row. It seems like a problem.
Unless I'm mistaken, we've put a decentralized currency in the hands of centralized hashing cartels.
Even if they're rational actors what if they're compromised?
There are solutions, like getblocktemplate or P2Pool, but no miners seem to be using them to address this. Why will they in the future when they can scale with Stratum (which doesn't address this issue) to 18 EH/s per connection?
trying to set up asic block erupters with bfgminer
I got two 333 mh/s asic block erupters in today. I've joined slush's pool at mining.bitcoin.cz and have my worker and password information, but I don't know where to go from here. I don't know how to start using bfgminer. I have the drivers for the erupters installed already. Do I need to create a .bat? If so, what does it need? Any help is appreciated. Edit: I got it working, but I'm having trouble getting XP to recognize both. As soon as I plug the second one in, it gives me an error of there being a duplicate device. Edit2: solution
Okay everyone, I have read several articles, watched a YouTube video, so obviously I am now an expert. But I'm having some trouble. So, I have an Antminer U2.. It has a black heat sink, if that makes a difference (I've seen a lot of different colors on Google Image). I joined the Slush pool (I think, it is mining.bitcoin.cz). I setup a script as follows:
According to what the pool website told me, I was to put worker1 as my worker after my username, and then the password did not matter. When I run my script, it finders the Antminer, but then nothing seems to happen. It gets a "SICK" error shortly after I start the script. What have I done wrong?
How Bitcoin Mining Works. Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The spread between the six-month implied volatility (IV) for ether (ETH) and bitcoin (BTC), a measure of expected relative volatility between the two, fell to a 2.5-month low of 4% over the ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Slush Pool is the 1st mining pool with more than 1.2M BTC mined since 2010. Explore features such as advanced payouts, monitoring and more. Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
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