Wiki bitcoin mining pools

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This document contains my notes about how mining pools work, and what specific extensions have been implemented to make the pool more efficient.Compared to Bitcoin, Litecoin features faster transaction confirmation times.To understand Where Did Bitcoin Come From visit our website Bitcoin Currency to know about Bitcoin investing and bitcoin mining.Please see the list of invalid block hashes on the Bitcoin Wiki.Comparison of all mining pools on the official Bitcoin wiki. ABOUT. Want some help with your mining rig.Most mining pools will disable the timeout on the Long Polling connection so that it cannot time out automatically.

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How much do Bitcoin miners make a month on average? - Quora

In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a.Stale Shares arise due to network latency, machine slowness, and general bad luck.Our Mission: To help YOU cash-in on Bitcoin as it becomes a mainstream global currency.PPS method for merged mining rewards of Namecoin, Devcoin, ixcoin, i0coin and groupcoin.If 60 seconds have elapsed without a response from the server, or if the miner exhausts all of its nonce space, the miner should perform a new Getwork request via the main connection in order to allow for new transactions which may have been added to the Block.

PPS is for people who want to have statistics to base calculations off of for upsizing their Bitcoin mining.Obviously, altering the target downward will have an effect upon this formula since the pool will be receiving fewer shares overall, and pool operators should take that into account.Even if officially difficulty is defined the same way as for Bitcoin,.

Public Service Announcement on the Pool will give mining customers the option of supporting the Bitcoin Cash chain (BCC).In this way, any given Share may or may not be a valid Block.Usually, mining pools also alter the response from a Getwork Completion.If this header is present, the miner is expected to make the switch immediately after the current Getwork and its corresponding Getwork Completion have been processed.About 30% of the network hash rate comes from small mining pools like.The first number represents the starting nonce and the second represents the ending nonce.You can also find a complete comparison of mining pools inside the Bitcoin wiki.When a hash is successfully generated whose Checkwork value is less than the target value, the miner has successfully produced a Block.This way, false values can represent stale or otherwise invalid shares.

The value of this header is the location of the Long Polling host.Pools usually send payouts in direct relation to the amount of work actually performed, so that faster machines requiring more power to operate receive a greater portion of the profits than their slower, cheaper counterparts.Bitcoin Bitcoin News Bitmain cloud-mining John McAfee MGT Mining News.The value of the X-Roll-Ntime header has not been formally defined.Help About Wikipedia Community portal Recent changes Contact page.After determining that the share is valid by calculating its Checkwork and making sure that the result is less than the value of the pool-predetermined target, the share is sent to the Bitcoin daemon to see if it is actually a valid Block.

Part of the seed information that miners use to calculate hashes stems from the current timestamp.The target represents the difficulty of the hash that needs to be generated.Basic info about a mining pool - a way for many miners to earn Bitcoin. GHash.IO is perhaps the most well-known mining pool in the Bitcoin community.

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The only difference between a Getwork and a Getwork Completion is that the latter will send a single parameter, which is the hash itself, sent as a string.

mining pools - Bitcoin StackExchange

The latter is a near-exact copy of Bitcoin. Bytecoin. Mining. Bytecoin is a CPU-mined currency which makes it more attractive to more people. Pools. Minergate.

If used in combination with X-Roll-Ntime, the miner should iterate through the entire nonce range, increment the timestamp by 1 second, and start over at the first nonce again.In an attempt to work around this issue, a pool server may return a hostlist.

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They tend to be encountered most often when a Block has been completed but the miner has not yet received the latest Getwork.