Fees can range from as little as 0%, and go as high as 4% off the reward. Whichever you choose, the return should even out in the long term.įees – Some Bitcoin mining pools charge fees, and some don’t. Smaller pools offer less frequent payments but larger payouts. However, the payout is smaller because it’s shared among more members. Pool size – Bigger pools offer more regular payments. Here are a few factors to consider when you’re choosing a mining pool: The pools vary in their payment methods, as well as in the fees they charge and other parameters. The mining pool owner usually charges a fee for setting up the pool as well. The rewards are then split between the pool members, proportionally to the amount of hashing power their gear contributed to the solution. With mining pools, miners manage to solve problems more often than they would mining solo. The more hashing power you own, the better your chances of adding a block and claiming the mining reward. Mining pools are basically groups of miners who pool their mining resources together to get more hashing power (i.e. Throw in the initial & ongoing costs involved in home mining (buying the gear, electricity bills, etc.) and not only you’re not making a profit, you’re actually losing money. to prevent inflation).īitcoin’s popularity boost made the mining difficulty sky rocket and rendered small home mining operations pretty much obsolete.Īs more and more people jumped on the mining wagon, the mining difficulty rose to a point that it became unprofitable to mine with a home operation. This system is called ‘mining difficulty’ and it was designed to regulate the flow of new Bitcoins into the system (i.e. I did the same thing.By design, the more miners you have, the more difficult it gets to solve the math problem, and vice versa.
#Slushpool cgminer setup how to#
I'm betting that you are just getting started and trying to learn how to do it first before trying anything else, like purchasing an ASIC. You will likely only make about a penny or two per day worth of Bitcoin while your power cost will probably be about one to two dollars per day. I'm sure you already know, GPU mining is no longer profitable (hasn't been for quite a while). If it doesn't work then switch to the main server. Stratum protocol is more efficient and lessens the load on the pool. You will have to change the server drop down to other and then manually enter the correct credentials. Notice that the Website field does not match one of the two current URL's from Slush's home page.
In GUIminer you are probably using the built in defaults for Slush's pool These are the current credentials to use as of this post's date, per Slush's home page: When GUIminer was last updated, Slush was using difference credentials to mine on his pool. Without seeing exactly what you are doing on GUIminer, this is just a guess because it is a very common problem beginners run into.
0 kommentar(er)
