Bitcoin mining latency

We will also discuss uncle blocks and how their number in pools affects mining profitability. The ping or network speed is often the first thing miners look at when comparing mining pools. They see in their mining program how fast shares are sent to a pool and accepted. Say, for one pool it takes 50 ms milliseconds , while for another — ms.

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Content:

• Geeks Love The Bitcoin Phenomenon Like They Loved The Internet In 1995
• DINI Group Leverages Samtec FireFly™ for Low Latency HPC
• How to Improve Blockchain Mining Pool Performance Using Containers
• How to Choose a Cryptocurrency Mining Pool
• Does Ping or Network Speed Affect Ethereum Mining Profitability?
• How To Mine Bitcoin At Home On A Private Network
• Stratum V2 – mining protocol
• Evaluating the Impact of Network Latency on the Safety of Blockchain Transactions

WATCH RELATED VIDEO: How To Choose the BEST MINING POOL

Geeks Love The Bitcoin Phenomenon Like They Loved The Internet In 1995

Aside from choosing the best mining pool in terms of fees and coins offered, one more thing to worry about is the location of its servers. People who play online games might be used to worry about such a thing, but new crypto miners might be unaware. It is not the location itself that matters, but the latency. Usually, the longer the distance of the server, then the higher the latency.

That is not a rule, as other factors may be involved and impact your connection to a mining pool server. It is always good to test the latency with different mining pools and find the one which has the lowest for your internet connection. On online games, very distant servers give you high latency and then actions take longer to get finished. In League of Legends, you might miss killing a minion at the right time. At CS: GO, you might easily miss a shot because of high latency.

With mining, a different issue arises, which is stale shares. If you are a new miner just looking to get into a mining pool for the first time, a share is what you need to submit and wait for it to get validated so you receive your rewards after helping to validate blocks. However, if the latency is high and starts to mess with your connection to the pool, your shares get rejected because they are received too late by the pool and are no longer valid.

If you get too many stale shares, you start to lose profit and should move to a different mining pool. Other factors can affect the speed with which your shares are sent. You should have a good mining rig that is up to the demands of the coin you are mining.

Updated mining software is also necessary. This should be no surprise, but always make sure you updated your software. Last but not least, make sure your internet provider is giving you enough speed — at least the speed you are paying for.

If all of the above is fine and you keep getting stale shares, then the issue might be the mining pool server location: it is too far from you. Many factors come into play when choosing the best mining pool to start profiting off blockchains.

In this article, we are focusing on latency, but here we can take a brief look at other reasons that should make you consider some mining pools over others. This has been discussed in other articles here at CoinWut, but it is worth repeating. If you are in this game to make a profit, choose mining pools that support highly profitable coins. We are talking about Ether, Monero, Dogecoin, Litecoin , etc.

You can always check how much any coin values at CoinMarketCap. Fluctuations are displayed there too, as well as all types of valuable information you need to decide. Another helpful tool that helps you decide is WhatToMine. On this site, you can enter your hardware information and it will show you which coins can be mined by your system. There are scammers in all types of business. Crypto is a business too, a very profitable one, so you should always pick a mining pool that has a good reputation behind it.

Pools are owned by individuals or groups of individuals, and if they mess up, the community ends up knowing of it sooner or later. If you are interested in a mining pool, you can learn about its reputation by reading comments on Reddit, posts on huge crypto sites, etc. If a given pool has too many negative comments about it, it is best to avoid joining it.

One rule of thumb is that the larger a pool, the best. However, this is only true if your machine can keep up with everyone else in the pool. Then, try to find a balance between your solo computing power and that of a pool. It is by finding such balance that you can make a profit.

Again, choose a mining pool that has low latency for your location. Some pools have that information right on the main page. This is a common question that new miners ask even before they start mining. However, it can also be acceptability as a means of buying things, or how good is the technology so you should become a part of the network to support its development. With the last criteria, there are so many options. After all, blockchain technology has been booming all around the world.

Many professionals are working hard to implement new, exciting features. The Ethereum network, for example, allows multiple tokens to be issued, creating different currencies and also decentralized apps DAPPS.

Monero XMR has been popular for a long time now. It is easy to mine even without a GPU, but then you would not get too much profit out of the activity. Monero is characterized by making it even more difficult to track transactions. Unlike other digital currencies, Monero does not arise from the bitcoin code.

It takes the privacy of user data even more seriously and makes it difficult to track the values sent from one person to another. Another very popular coin right now, Ravencoin has been gaining popularity and a huge market capitalization.

It is very easy to set it up and start mining. Here we already start to repeat ourselves, but Zcash is one more coin that can be mined with either CPU or GPU, and you can already guess which method brings you more profit. Setting it up is easy, and plenty of mining pools give support to it. What allows makes Zcash shine is its increased user privacy by implementing zero-knowledge proofs zk-SNARKs to validate transactions without revealing much information. As already mentioned, the best pools have lower latency for miners.

The thing is that there are few mining pools based in Australia. However, it has been reported by Australian miners that mining at Asian-based pools works just fine when the few existent Australian servers are down.

When you search for info regarding mining in Australia, Nanopool always shows up. Nanopool counts with an Australian server, making it easy for all people of Oceania to mine cryptocurrencies. Sure, Nanopool is a single mining pool and offers only a few coins to mine. However, having a local server makes latency an almost non-existent issue if your internet connection is good, that is.

Nanopool lets you mine all the coins already mentioned, plus Ether, Ether Classic, Conflux, and Ergo. Even so, there is one server in Japan that should cover the Pacific Ocean without issues, so it becomes a great option for Australians when Nanopool is off for some reason or if they want to mine coins not available at Nanopool.

Now that you know whether location matters when mining, you should pick carefully which mining pools you join, depending on your location. As it can be seen, the location you live in can also impact the range of coins you are able to mine.

So, pick a mining pool that has a decent latency for your city and start validating those blocks. Jump to Does the location matter when mining? How to find the best mining pool?

DINI Group Leverages Samtec FireFly™ for Low Latency HPC

Bitcoin Mining Pools are groups operated and organized by third parties to manage hash power from miners worldwide. These platforms share the resulting Bitcoin in ratio to the hash power that is contributed to this pool. Following is a handpicked list of Top Bitcoin Mining Pools, with their website links. The list contains both open source free and commercial paid software. Binance is one of the best platforms to create a bitcoin wallet. It offers a platform for trading more than cryptocurrencies.

How to Improve Blockchain Mining Pool Performance Using Containers

Try out PMC Labs and tell us what you think. Learn More. The sofware is available under an open source license, i. The cryptocurrency system Bitcoin uses a peer-to-peer network to distribute new transactions to all participants. For risk estimation and usability aspects of Bitcoin applications, it is necessary to know the time required to disseminate a transaction within the network. Unfortunately, this time is not immediately obvious and hard to acquire. Measuring the dissemination latency requires many connections into the Bitcoin network, wasting network resources. Some third parties operate that way and publish large scale measurements. Relying on these measurements introduces a dependency and requires additional trust.

How to Choose a Cryptocurrency Mining Pool

Mining cryptoassets is a process that creates new blocks and achieves consensus agreement on the blocks to add to the blockchain. Different consensus models are possible, for example proof of work and proof of stake. Miners can receive cryptoasset rewards in return for verifying additions to the blockchain digital ledger. A proof of work miner may choose to mine cryptoassets alone, or as part of a mining pool.

Does Ping or Network Speed Affect Ethereum Mining Profitability?

In this project, using such mainstream cryptocurrencies as BitCoin and Ethereum as representatives, the intern will analyze the transaction collection strategies of their mining pools, and then collect transactions and the corresponding blocks data to build a large dataset, from which the computing power of different mining pools and their proportions will be analyzed, together with the transaction latencies of pool mining. We will also identify potential enhancement through the analysis and measurement, particularly on energy and delay optimization. Coinchain is a BC-based startup company focusing on advanced cryptocurrency and blockchain technologies, and their application in industrial and commercial scenarios. It delivers global enterprise-level blockchain solutions to leading companies worldwide, and provides one-stop customized services such as product and information platforms, as well as smart contracts and trading platforms. Sign Up. All rights reserved.

How To Mine Bitcoin At Home On A Private Network

Get the latest on industry trends and join customer-led sessions. In the past year, as part of the BigQuery Public Datasets program, Google Cloud released datasets consisting of the blockchain transaction history for Bitcoin and Ethereum , to help you better understand cryptocurrency. Today, we're releasing an additional six cryptocurrency blockchains. We are also including a set of queries and views that map all blockchain datasets to a double-entry book data structure that enables multi-chain meta-analyses, as well as integration with conventional financial record processing systems. Five of these datasets, along with the previously published Bitcoin dataset now follow a common schema that enables comparative analyses. We are releasing this group of Bitcoin-like datasets Bitcoin, Bitcoin Cash, Dash, Dogecoin, Litecoin and Zcash together because they all have similar implementations, i.

Stratum V2 – mining protocol

Aside from choosing the best mining pool in terms of fees and coins offered, one more thing to worry about is the location of its servers. People who play online games might be used to worry about such a thing, but new crypto miners might be unaware. It is not the location itself that matters, but the latency.

Evaluating the Impact of Network Latency on the Safety of Blockchain Transactions

Available in monthly intervals starting from September , it extrapolates from a representative sample of geolocational mining facility data. This sample is based on the aggregation of individual pool distributions that are periodically collected from several Bitcoin mining pools through a dedicated API. We have partnered with several Bitcoin mining pools to collect geolocational mining facility data in a non-obtrusive and privacy-preserving manner. Each participating mining pool aggregates IP addresses on their end to create an average geographic distribution of total pool hashpower by country and region. Pools then periodically push their individual distribution to our database via a dedicated API endpoint , connecting with a unique, pseudonymous access token that obfuscates the identity of the pool. The corresponding name table is encrypted and stored locally for security purposes.

Ethereum Stack Exchange is a question and answer site for users of Ethereum, the decentralized application platform and smart contract enabled blockchain. It only takes a minute to sign up. Connect and share knowledge within a single location that is structured and easy to search. I have a slightly flakey internet connection no good providers in the area. I can stream at reasonable speeds Megabits but there is a certain amount of jitter in the packet latency. Mining is competitive. Will packet latency on the order of tens, sometimes hundreds of milliseconds mean that, if I start mining, other miners are likely to beat me to a block?

Providing the most stable mining service with a low latency rate is our goal. Mining for Bitcoin, Ethereum, Litecoin, Dogecoin, and about 40 other cryptos, allows our customers to choose the most profitable coin to mine at any given time. The f2pool app offers a simple way for everyone to manage their mining operation. Conveniently manage your mining machines, view your revenue, and even utilize our one-click button to switch between logged-in and anonymous mining.