Bitcointalk altcoin mining pools
Every industry has its lingo - words and slang used by people familiar with how things work. They come from different sources, eventually catch on, and become part of the culture. In the world of cryptocurrencies, several words and phrases are being tossed around and taking root. If you're a beginner, understanding crypto slang on Twitter threads and Reddit forums can prove a valuable skill.
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A few weeks ago, when our own "Arscoin" cryptocurrency was first minted, it looked like Senior Reviews Editor Lee Hutchinson would control the majority of the coins. He started mining early, and he has a crowd of Linux servers sitting in his closet that can outrun the all-in-one desktops and power-sipping Ultrabooks most of us have on hand.
When our little experiment began, I knew enough about Bitcoin and Litecoin mining to know that there are more efficient ways to rack up coins than using the default miner, but I had never actually mined either of those currencies myself. I couldn't out-muscle Lee's closet full of computers, but I've worked with him for long enough to know that I could outsmart him. See me after class, Mr.
To save you from having to follow my dusty path, we'll walk you through the best ways to mine out Arscoins—and other altcoins—with your existing hardware. A couple of notes before we begin. In these directions, we'll try not to assume any knowledge about mining on your part, but the most straightforward mining utilities use the Windows, OS X, and Linux command lines. We'll cover graphical utilities where appropriate, but you Linux users in particular should make sure you know your way around a Terminal window, especially if you intend to GPU mine.
We will also require you to download some files from external sites—we haven't encountered any problems with any of the tools we're about to recommend, but we assume no responsibility for anything you do to your hardware or software while mining Arscoins or any other cryptocurrency. Second, while you'll be able to mine plenty of Arscoins with your CPU and GPU thereby securing yourself some sweet fake hats for the comment section , folks who are serious about actual Bitcoin mining have long since moved to dedicated mining devices like the Butterfly Labs ASIC box we tested out last summer.
As of this writing, ASICs that can run the scrypt algorithm used to encrypt Litecoin, Arscoin, and other altcoins aren't in widespread circulation, but it's only a matter of time. Finally, the Arscoin project is for those who want to experiment with digital currencies—and buy some fun hats and colored usernames along the way.
In other words, it is for educational use only ; we have centralized the system in order to prevent it from developing into a real-money economy. If you've never mined any kind of coin yourself, it can be helpful to have some idea of what the "mining" process actually entails. Senior Business Editor Cyrus Farivar has covered the basics here , and once you've read through that piece, you'll have some idea what your computer is doing to "mine" coins, how cryptocurrency transactions are tracked and verified, and a little about " scrypt ," the hashing algorithm used by Arscoin, Litecoin, and others.
If you want to mine and spend your own Arscoins, the first thing you'll need is a "wallet" where you can store them. These wallets match a unique, case-sensitive, alphanumerical address like 1HMdQtU9vgz5umTomCfVGdSeeNsk2tavcK that one's mine—tips are welcome to a private key used to verify that your coins actually belong to you. Many cryptocurrencies will let you use both online and locally stored wallets, but Arscoin's wallets are online-only.
If you have an Ars Technica account for the front page comments and the forums, you can make a wallet for yourself automatically by visiting coins. You can use that page to see your Arscoin address, view your current balance, and send payments to other addresses.
Other tabs will show your purchase history and the fake merchandise you can buy with your coins. Once you have a wallet, most altcoins will let you mine in one of two different ways. If you happen to find a block, you get the entire payout for that block in this case, 50 Arscoins.
You're fighting against every other miner on the peer-to-peer network, though, and the more people mining at once, the smaller your chance is of successfully finding a block in the first place.
Solo mining isn't an option with Arscoin, though, because we're not distributing the modified Arscoin mining clients. Besides, there's a better way: join a mining pool. Pools accept connections from clients and then use those clients' combined computational power to work on the same hashes at once. Blocks discovered by a pool are then split up and distributed to pool members based on the amount of power they're contributing to the pool. If your hardware is doing 10 percent of the pool's hashes, you'll receive 10 percent of the total payout, and so on.
We've already gone through the trouble of configuring a pool you can use, and we'll show you how to connect to it in this article. We'll be using Arscoin as an example, but the basic principles apply whether you're mining Bitcoin, Litecoin, Dogecoin, or any of the others. Setting up a mining pool isn't for the faint of heart, but Lee Hutchinson and Ars Lead Developer Lee Aylward got one up and running in a couple of days.
You'll need two important pieces of information aside from the e-mail address and password you used to sign up. You'll need to remember the username you selected since it will be used to connect your mining app to the pool, and you'll want to remember the four-digit PIN since you'll need that any time you want to make changes to your account information.
The first thing to do once you've created an account and clicked the e-mail verification link is to point the mining pool at your wallet so that it can pay you for your contributions to the pool. Click the Edit Account link in the left-hand navigation bar and plug your Arscoin wallet address into the Payment Address field. You'll also want to put a value into the Automatic Payout Threshold box so that your coins are deposited into your wallet automatically "10" is a safe default.
Then enter your four-digit PIN and click Update. The pool will now be able to deposit coins into your account once you start mining—they'll show up in your transaction history on your wallet page. Finally, you'll need to create some "worker" accounts, one for each computer you intend to connect to the pool at once.
Click "My Workers," and then create as many unique workers as you want. The worker names need to be unique, but the passwords can all be the same if you'd like. A word of warning: our pool administrators both the Lees can see these worker passwords, so even though they're perfectly trustworthy, you shouldn't use the same password for your workers that you use for your account.
By the same token, you shouldn't use a password here that you use for any of your other online accounts. You have an account, and you've configured it to deposit Arscoins into your online wallet. You have some names and passwords for your workers. It's finally time to start mining.
CPU mining is relatively uncomplicated, and there's really only one game in town: CPUminer, also known as minerd short for "miner daemon". The source code and bit and bit binaries of the tool can be downloaded from the bitcointalk. Download the version that will run in your operating system and then unzip all of the files into a directory that you can easily locate. In all of the code examples below, we'll keep all the files in a desktop folder labeled "cpuminer.
Open a command line window, either by finding it in your applications list or by typing "cmd" into Windows Search. Replace [username] with the username you used when you created a mining pool account. Replace [worker name] with the name of one of your workers, and [worker password] with that worker's password. The miner will begin to churn, giving you periodic status updates about the hash rate and informing you when it has successfully found a block.
As long as you properly plugged in your wallet address and auto payout settings, coins will begin appearing in your wallet after they've been confirmed. By default, this will use all of your system's available CPU threads to mine. Once you've downloaded CPUminer and extracted it to the folder on your desktop, open a Terminal window from the Utilities folder or by launching it from Spotlight.
Assuming that the starting path is your Home directory, type the following:. These instructions are pretty much identical to the Windows ones, excepting differences in how the operating systems' respective command lines work.
The one extra factor is the chmod command, used to adjust permissions on the downloaded file so that you can actually execute it. If you're getting a "permission denied" error when you try to run minerd, that's the problem. Download CPUminer, extract it to the folder on your desktop, and launch whatever Terminal program your distribution of choice uses.
Assuming the starting path is your Home directory, type the following:. Unlike OS X, we encountered no strange permissions issues under Linux. Just make sure the command line's case-sensitivity doesn't trip you up, though this won't be a problem for most native Linux users. You must login or create an account to comment. Skip to main content Play your cards right, and you could be swimming in Arscoins.
Your wallet page will track your most recent payments, including deposits from the pool. Andrew Cunningham Andrew is a Senior Technology Reporter at Ars Technica with over a decade of experience in consumer tech, covering everything from PCs to Macs to smartphones to game consoles. He also records a weekly book podcast called Overdue. Email andrew. Channel Ars Technica.
Ccminer arm. My current device can not even support Nvidia Closed miner. Note: GPU mining is strongly discouraged at this point see here , as it is both unprofitable and hard to set up correctly. Ethereum mining is no longer recommended; Ethereum is expected to fully move into a PoS algorithm in , which will … First, you need to update the system repository of Arch Linux. Important update: For our readers who are looking to make a profit with crypto, we recommend looking into Ethereum staking as an alternative for mining.
How to mine Bitcoin
Privacy-centric cryptocurrency Verge XVG appears to have succumbed to a 51 percent attack for the second time since the beginning of April. According to data published on BitcoinTalk by forum user ocminer — operator of altcoin mining pool Suprnova — an attacker appears to have successfully forked the Verge blockchain through a 51 percent attack. To accomplish this, the attacker manipulated a bug in the Verge code that allows malicious miners to set false timestamps on blocks and then rapidly mine new ones in quick succession. All pools and miners suffer from this, the attacker is getting all blocks currently. The Verge protocol uses a rotation of five mining algorithms, and an image supplied by ocminer suggests that the attacker gained control of two of them — scrypt and lyra2re — mined them at virtually no difficulty, and used false timestamps to trick the network into accepting them into the main chain. The attack had subsided by the time of writing, though there does not appear to be anything that would prevent an attacker from resuming it again in the future. The project acknowledged a mining-related issue in a Monday afternoon tweet but attributed it to a DDoS attack directed at several XVG mining pools. The account has not tweeted since.
Welcome to solo.ckpool.org!
Burstcoin was the first coin to use the PoC algorithm and utilizes the empty space on a miner's hard drive for mining. In fact, participants can even mine on Android phones. For example, bitcoin requires a huge financial commitment to. Burstcoin suffered a significant price decline after it was delisted from Poloniex in May This was the result of a hard fork that essentially rendered the original Burstcoin void.
PhoenixMiner 5.9d - AMD+NVIDIA GPU Miner
Bitcointalk is the most popular online forum dedicated to Bitcoin, cryptocurrency and blockchain technology. Like most online forums, Bitcointalk allows users to create a profile and start posting to different threads and subthreads inside the forum. Forum users can post questions and discussion topics, which are then debated at length by other community members. The story behind Bitcointalk is almost as mysterious as the one behind Bitcoin itself. Initially, Satoshi Nakamoto was using a SourceForge forum to post about Bitcoin and discuss the technology. However, this forum is now lost.
What is a cryptocurrency mining pool?
Mining base legit. About Us. This is an extremely profitable cloud mining project. Sebvicious August 16, at am. Try Cryptotab Browser. Free cloud mining is the best option for a newbie, who doesn't have knowledge of how to set up mining hardware and wants to be a part of free bitcoin mining industries.
But cryptocurrency mining has become a highly valuable industry since the inception of bitcoin in With the dramatic rise in the prices of mineable cryptocurrencies, the costs associated with their mining has also increased. Thus if you lack the competent hardware to profitably score crypto coins yourself, it is better to join a suitable mining pool.
A few weeks ago, when our own "Arscoin" cryptocurrency was first minted, it looked like Senior Reviews Editor Lee Hutchinson would control the majority of the coins. He started mining early, and he has a crowd of Linux servers sitting in his closet that can outrun the all-in-one desktops and power-sipping Ultrabooks most of us have on hand. When our little experiment began, I knew enough about Bitcoin and Litecoin mining to know that there are more efficient ways to rack up coins than using the default miner, but I had never actually mined either of those currencies myself. I couldn't out-muscle Lee's closet full of computers, but I've worked with him for long enough to know that I could outsmart him.
No new commits yet. Enjoy your day! To use P2Pool, you must be running your own local bitcoind. For standard configurations, using P2Pool should be as simple as:. Then run your miner program, connecting to
Mining base legit. Pros: NiceHash Exchange Rating. With multiple pay-out methods, a referral bonus, and a general The objective of Remint app is to create a strong user base before eventually launching the cryptocurrency on public markets with the purpose of tightening the relation between two massive financial markets — cryptocurrencies and real estate.