How can I start my own mining pool? - Bitcoin Stack Exchange

NiceHash - buy & sell hashing power

NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
[link]

CoinSolver -- Profit Switching Scrypt Pool w/Nightly Bonus

CoinSovler is a new auto-switching scrypt coin mining pool that pays out directly in BitCoin. We're still in Beta, so suggestions and feedback are most welcome, and we have many features in the works. We intend for it to be dead simple to use, highly profitable and very transparent about the mining information.
[link]

Bitcoin Multi-Level Advertising

It's like a mining pool that uses web traffic. It doesn't actually create Bitcoin but rather earns them through advertising fees (paid in Bitcoin of course). Each new website that adds the free script adds traffic to the advertising pool. Each site also receives a shopping cart to sell advertising in the pool for commissions (again paid in Bitcoin).
[link]

Created a Bitcoin Mining pool, but it is not working.

I have set up my bitcoin server pool using this https://github.com/MPOS/php-mpos
The steps in on that site tell me to run something for scrypt, which I think is what's messing things up.
bitcoind is running
stratum is running
MPOS is up and working
The problem is however, all my shares are invalid
I am running GUIMiner, and it tells me 500 shares accepted, but on my site is says
0 Valid Shares 212 Invalid Shares.
Can anyone help me?
submitted by Karmaa to BitcoinMining [link] [comments]

Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool - more info in Poolin mining pool blog (link) comments appreciated.

Calculate how much it costs a mining rig to create bitcoin or other altcoins with our updated miner profit estimation tool - more info in Poolin mining pool blog (link) comments appreciated. submitted by bitentrepreneur to BitcoinMining [link] [comments]

Bitcon mining pool pushing PoS?

What happens if someone creates a Bitcoin mining pool and promises everyone that IF they get enough power, they will change the consensus model to PoS and everyone who hold bitcoins will now be able to participate in PoS. They would of course push it out at least a few years out, so that we can know for sure that all existing mining power today will be outdated when it's time for the change to PoS. Additional incentives to join the pool could be created. I guess everyone who is running a full node (but not a mining machine) and holds bitcoins might be tempted to run with PoS. Then we have exchanges and so forth and so on... I guess some of them would be happy to run several versions of the network (Bitcoin PoS, Bitcoin PoW, Bitcoin PoP, etc) and if they don't, new exchanges will emerge because suddenly there is a market that no-one is catering to. Even if PoS doesn't work, maybe if enough people is greedy enough they would join the PoS Bitcoin mining pool because they are greedy and don't care whether it will work in the long run or not. ???
submitted by peerpillow to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Would it be possible to create a fully decentralized mining pool where all users/miners have an e...

The following post by gibrich is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7cm3h9
The original post's content was as follows:
This will need some kind of crowdfunding. Each registration needs to be securely verified (driving license/ID/passport) and you can only get 1 share per person. The contract is committed so that the pool always mine only Bitcoin.
Say that a registration costs $100, and the crowdfunding requires 10,000 registrations to go live. How far would we come with $1 million as a startup?
Is this even possible? What are the complications? I understand that it might be hard to calculate, but how much money would this pool need to get profitable today do you think?
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Would it be possible to create a fully decentralized mining pool where all users/miners have an equal share and voice? /r/Bitcoin

Would it be possible to create a fully decentralized mining pool where all users/miners have an equal share and voice? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Altcoins Pullback - NEM Breaks Into Top 5 Altcoins - The Chinese Royal Mint is Experimenting with Ethereum to Create a Digital Yuan Token - 24 Million Australians Can Now Their Bills with Bitcoin - Litecoin Mining Pool Disappears, Stoking Fears of Fraud

submitted by cryptocompare to cryptocompare [link] [comments]

Bitcoin Gold was created to be mined by GRAPHIC CARDS only, so everyone has the option to participate in supporting the network. Start mining $BTG today & start collecting some coins! Pick a pool => bitcoingold.org/for-miners/ #BitcoinGold #GPUMining #GPU #Bitcoin #BTC #blockchain

Bitcoin Gold was created to be mined by GRAPHIC CARDS only, so everyone has the option to participate in supporting the network. Start mining $BTG today & start collecting some coins! Pick a pool => bitcoingold.org/for-miners/ #BitcoinGold #GPUMining #GPU #Bitcoin #BTC #blockchain submitted by Asabmoni to BitcoinGoldHQ [link] [comments]

[Job Offer] Create a Bitcoin (BTC) & Peercoin (PPC) Private mining pool

[Job Offer] Create a Bitcoin (BTC) & Peercoin (PPC) Private mining pool submitted by Thireus to peercoin [link] [comments]

New ZenCash Mining Pool HashIT! Created by a Bitcoin Pub member!

Hey everyone, I want to let everyone know about a new ZenCash mining pool!
HashITmining.com
This pool was created out of the demand of TheBitcoin.Pub forum members by the leader of the Mining and Hardware section ImaginaryPi.
Instructions for connected to the pool can be found at the link above or check out BiteSizeMining on YouTube where the creator of the pool discusses a way to connect.
https://youtu.be/Dth3R_RBPP8
0% pool fee until the first block is mined!!
submitted by ckjung03 to ZenSys [link] [comments]

A British-based computer 'mining pool' called GHash has gained unprecedented control over virtual currency bitcoin | It has amassed nearly half of the bitcoin computing power - which keeps track of bitcoins and creates additional coins.

submitted by ionised to worldnews [link] [comments]

A British-based computer 'mining pool' called GHash has gained unprecedented control over virtual currency bitcoin | It has amassed nearly half of the bitcoin computing power - which keeps track of bitcoins and creates additional coins.

A British-based computer 'mining pool' called GHash has gained unprecedented control over virtual currency bitcoin | It has amassed nearly half of the bitcoin computing power - which keeps track of bitcoins and creates additional coins. submitted by ionised to technology [link] [comments]

A British-based computer 'mining pool' called GHash has gained unprecedented control over virtual currency bitcoin | It has amassed nearly half of the bitcoin computing power - which keeps track of bitcoins and creates additional coins.

A British-based computer 'mining pool' called GHash has gained unprecedented control over virtual currency bitcoin | It has amassed nearly half of the bitcoin computing power - which keeps track of bitcoins and creates additional coins. submitted by RealtechPostBot to realtech [link] [comments]

For a bit of fun I've created 2 anonymous solo mining pools for anyone who wants to try the bitcoin lottery without having to download the blockchain.

If you have any mining devices (ie not CPU's or GPU's) then you are welcome to point them to my experimental solo mining pools. I have one for BTC and one for BCH and am considering a 3rd that tracks the most profitable chain.
I use these myself so they're pretty basic and should a block be solved the payout will be performed manually after coin maturation, but if there is enough interest I'll write up a frontend and automate this stuff later. The one who solves the block gets 99% of the block award and transaction fee's.
Bitcoin Solo Pool
Host: stratum+tcp://202.164.16.89:3333#xnsub Username: . Password: x 
Bitcoin Cash Solo Pool
Host: stratum+tcp://202.164.16.89:4433#xnsub Username: . Password: x 
Both pools are configured to create as large a block as possible (Max weight of 4MB for BTC, and Max Size of 8MB for BCH).
submitted by bundabrg to btc [link] [comments]

Advice on creating a Mining pool /r/Bitcoin

Advice on creating a Mining pool /Bitcoin submitted by ABitcoinAllBot2 to BitcoinAll [link] [comments]

HOW DO I CREATE A WORKER ON VIABTC?!!? I've mined with numerous pools before, and had no problems with setup, until I met ViaBTC..... (I apologize if the solution is painfully obvious) /r/Bitcoin

HOW DO I CREATE A WORKER ON VIABTC?!!? I've mined with numerous pools before, and had no problems with setup, until I met ViaBTC..... (I apologize if the solution is painfully obvious) /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

For a bit of fun I've created 2 anonymous solo mining pools for anyone who wants to try the bitcoin lottery without having to download the blockchain. /r/btc

For a bit of fun I've created 2 anonymous solo mining pools for anyone who wants to try the bitcoin lottery without having to download the blockchain. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

08-01 06:32 - 'HOW DO I CREATE A WORKER ON VIABTC?!!? I've mined with numerous pools before, and had no problems with setup, until I met ViaBTC..... (I apologize if the solution is painfully obvious)' (i.redd.it) by /u/Daesicx removed from /r/Bitcoin within 199-209min

HOW DO I CREATE A WORKER ON VIABTC?!!? I've mined with numerous pools before, and had no problems with setup, until I met ViaBTC..... (I apologize if the solution is painfully obvious)
Go1dfish undelete link
unreddit undelete link
Author: Daesicx
submitted by removalbot to removalbot [link] [comments]

P2Pool is a decentralized Bitcoin mining pool that works by creating a peer-to-peer network of miner nodes.

P2Pool is a decentralized Bitcoin mining pool that works by creating a peer-to-peer network of miner nodes. submitted by cryptodev to cryptodev [link] [comments]

BetFury Birthday Bounty campaign for 15 mln BFG ($235 000)

BetFury Birthday Bounty campaign for 15 mln BFG ($235 000)

https://preview.redd.it/stkz0d0avev51.png?width=1170&format=png&auto=webp&s=17b08679bee92a08e30b78fca3d6f953f6d2f9d6
All Betfurians are looking forward to the grand holiday. Very soon we will be celebrating the first year of our platform. To make this holiday memorable, we have created a Huge Bounty campaign for 15 mln BFG on BitcoinTalk! Prizes are waiting for you in all social networks: Twitter, Facebook, Instagram, TikTok, Telegram, YouTube, Reddit. More rewards for BitcoinTalk Signature & Articles in: Steemit, Reddit, Medium, Golos, Quora.
Everyone is invited! Hurry up to apply for participation faster than others! The number of participants for some campaigns is limited.
Start receiving Birthday gifts now:
  1. Join the official Telegram channel and Bounty chat
  2. Create an account at BetFury.io
  3. Fill out the spreadsheet. There is a separate Google form for each campaign. After you have filled out Google forms go to the General spreadsheet and find your data. If you find your name in the spreadsheet, publish a post in this thread confirming your participation.
  4. Follow the requirements of the selected campaign carefully, taking into account all the important points.
  5. Publish your Weekly Report in this thread every week until MONDAY UTC 23:59 The reports are checked on TUESDAY.
  6. Get BFG tokens and use it for your own pleasure: stake and get daily dividends, bid in auction to get crypto, play In-house games and hold to exchange in the future.
General Rules:
  1. Participants can’t change their BetFury account nickname after registration.
  2. Check twice your nickname before registering for the campaign.
  3. KYC is not required for the Bounty campaign.
  4. Multiple accounts, fraud and spam are not allowed. You will be immediately disqualified from the Bounty program. Please note that any offensive or inappropriate behavior will result in immediate disqualification from the campaign.
  5. @Manager_BetFury and the project team reserve the right to change the terms of the campaign at any time.
  6. The submission form for articles and videos will be closed 3 days before the end of the Bounty.
  7. Accounts with negative (red) trust are not allowed to participate in the Bounty.
  8. The budget can be reallocated between campaigns in case of a shortage of coins for payments in one of them.
  9. Please check all links in your Weekly Report a few times to make sure they actually lead to your articles, Tweets, Retweets, Posts, Reposts, comments, video. Payments to all members are made every 2 weeks to the internal BetFury wallet.
If you have any questions - write our Bounty manager in the Bounty chat.

Twitter

https://preview.redd.it/nokyv8sfvev51.png?width=1050&format=png&auto=webp&s=869505ccb1d3d1cfb586a7e3e4f295a27eb7cdb8
  • Subscribe to the official BetFury page on Twitter
  • Retweet posts using special hashtags
  • Create at least 2 Tweets about the BetFury project per week, mentioning @betfury_io
  • Retweet the bounty post every two weeks. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Awards:** 300+ subscribers: $1 per week in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ subscribers: $2 per week in tokens = 70 BFG(TRX) + 70 BFG(BTC) 2 500+ subscribers: $5 per week in tokens = 160 BFG(TRX) + 160 BFG(BTC) 10 000+ subscribers: $15 per week in tokens = 490 BFG(TRX) + 490 BFG(BTC) *Monthly Bonus + Quarterly Bonus

Facebook

https://preview.redd.it/rxph2rbkvev51.png?width=1050&format=png&auto=webp&s=9ba357d1d2c6f2ee6e088e7099281b47756b2247
**Awards:** 300+ subscribers: $1 per week in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ subscribers: $2 per week in tokens = 70 BFG(TRX) + 70 BFG(BTC) 2 500+ subscribers: $5 per week in tokens = 160 BFG(TRX) + 160 BFG(BTC) 3 000+ subscribers: $8 per week in tokens = 260 BFG(TRX) + 260 BFG(BTC) *Monthly Bonus + Quarterly Bonus

Reddit

https://preview.redd.it/1on5zx5tvev51.png?width=1050&format=png&auto=webp&s=c4bde304f069d2ac5c9f713a1cfb10dfbe2f47e1
  • Subscribe to the BetFury official page on Reddit.
  • Make posts and write comments on a subreddit that is focused on cryptocurrency, blockchain, gambling, crypto faucets
  • Subreddits must have more than 500 subscribers.
  • Post/message length - at least 30 characters.
  • Your post/comment should link to BetFury.io
  • Repost the Bounty post every two weeks.
  • Don’t delete your posts/comments during this campaign.
  • Copy/paste and reposts of our posts in Reddit is prohibited. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Awards:Posts:** 5+ posts: $3 per week in tokens = 95 BFG(TRX) + 95 BFG(BTC) 10+ posts: $6 per week in tokens = 195 BFG(TRX) + 195 BFG(BTC) **Comments:** 5+ comments: per week $2 in tokens = 65 BFG(TRX) +65 BFG(BTC) 10+ comments: per week $4 in tokens = 130 BFG(TRX) + 130 BFG(BTC) *Monthly Bonus + Quarterly Bonus

Instagram

https://preview.redd.it/8z5bhrmvvev51.png?width=1050&format=png&auto=webp&s=545e49116efb20069f6452805610a7172b42453c
**Awards:** 300+ subscribers: $1 per week in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ subscribers: $2 per week in tokens = 65 BFG(TRX) + 65 BFG(BTC) 1 000+ subscribers: $5 per week in tokens = 160 BFG(TRX) + 160 BFG(BTC) 10 000+ subscribers: $15 per week in tokens = 490 BFG(TRX) + 490 BFG(BTC) *Monthly Bonus + Quarterly Bonus

Telegram

https://preview.redd.it/8kqliimzvev51.png?width=1050&format=png&auto=webp&s=08969865c57fd41955d0c9d02d66a2645d44e19e
  • Change your Telegram name to “Your Name | BetFury Ambassador".
  • Replace your profile picture with your BetFury avatar.
  • Insert your referral link in the paragraph about “yourself”.
  • Write posts in other Telegram groups related to cryptocurrency, blockchain, gambling, crypto faucets. (max 2 messages per day).
  • You must remain in the Bounty group and keep the avatar, nickname and description till the end of the campaign to receive your reward. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Award:** $3 in tokens for the week = 95 BFG(TRX) + 95 BFG(BTC) *Monthly Bonus + Quarterly Bonus
**Do you own a Telegram group? Tell about BetFury in your Telegram group/Channel and earn! **Publish only 3 posts per week in your Group/Channel, that is focused on cryptocurrency, blockchain, gambling, crypto faucets. Posts must remain in the feed until the end of the Bounty campaign. A prerequisite is to make a post about the Bounty every two weeks. You can insert your referral link into the post.
**Awards:** 300+ subscribers: $1 per week in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ subscribers: $2 per week in tokens = 65 BFG(TRX) + 65 BFG(BTC) 1 000+ subscribers: $5 per week in tokens = 160 BFG(TRX) + 160 BFG(BTC) 10 000+ subscribers: $15 per week in tokens = 490 BFG(TRX) + 490 BFG(BTC) *Monthly Bonus + Quarterly Bonus

YouTube

https://preview.redd.it/ok2utip2wev51.png?width=1050&format=png&auto=webp&s=a5d5ac1540c7609a88c4f0c6733e1cb185fe05b5
Campaign rules
**Awards are determined according to the quality of the video:** High quality: $100 in tokens = 3 250 BFG(TRX) + 3 250 BFG(BTC) Excellent quality: $50 in tokens = 1,625 BFG(TRX) + 1,625 BFG(BTC) Normal quality: $20 in tokens = 650 BFG(TRX) + 650 BFG(BTC) *Quarterly Bonus

Tik Tok

https://preview.redd.it/k5o6ao35wev51.png?width=1050&format=png&auto=webp&s=89a2a51a80f42fdcecf7e16de8c943c73304640e
  • Shoot and upload a creative video on the topic of “Playing on BetFury is fun”. Use the raccoon Fury as a hero, game elements, gameplay.
  • Video length: min - 15 seconds, max 60 seconds.
  • Posts will only be accepted with special hashtags and mentioning u/betfury.io
  • Presentations and videos in the form of musical performances are accepted. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Awards:** 100+ views: $1 in tokens = 35 BFG(TRX) + 35 BFG(BTC) 500+ views: $3 in tokens = 95 BFG(TRX) + 95 BFG(BTC) 1 000+ views: $5 in tokens = 160 BFG(TRX) + 160 BFG(BTC) 5 000+ views: $10 in tokens = 325 BFG(TRX) + 325 BFG(BTC) *Quarterly Bonus

Blog & Article

https://preview.redd.it/m6j6uq77wev51.png?width=1050&format=png&auto=webp&s=d71fbdfff7cd27295e993eb758588ffc7eeaa2c2
  • Subscribe to the official BetFury page at Steemit.
  • Write an article / review / comparison / post about your BetFury experience on one of the selected topics below.
  • The work must be creative, original and unique.
  • You cannot delete your articles during the entire Bounty campaign.
  • Submit your article on Steemit, Reddit, Medium, Bitcointalk, Golos, Quora, or other publicly accessible sites. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
**Awards are determined according to the quality of the video:** Professional quality: $30 in tokens = 975 BFG(TRX) + 975 BFG(BTC) Excellent quality: $15 in tokens = 485 BFG(TRX) + 485 BFG(BTC) Normal quality: $5 in tokens = 160 BFG(TRX) + 160 BFG(BTC) *Quarterly Bonus

Signature

https://preview.redd.it/16tq2ffawev51.png?width=1050&format=png&auto=webp&s=69adb9940c106a5ef2ae9d811c875484f26129a5
  • Newbies cannot participate in the campaign (rank Newbie)
  • Keep our signature and avatar until the end of the campaign.
  • Create at least 15 high quality posts per week. Post length - at least 150 characters.
  • A minimum of 10 posts per week should be written in these sections: Gambling, Mining, Project development, Announcements (Altcoins), Micro Earnings.
  • Spam, trolling, cheating are prohibited.
  • Negative trust accounts are not allowed to participate in the campaign.
  • Copper member rank = Jr. Member rank. Full Campaign rules and terms of participation here: https://bitcointalk.org/index.php?topic=5283339
You can insert your referral link into this part of your signature code and get additional bonuses from participating in the campaign. Instruction
**Awards:** Jr Member: $2 per week in tokens = 75 BFG(TRX) + 75 BFG(BTC) Member: $5 per week in tokens = 165 BFG(TRX) + 165 BFG(BTC) Full Member: $10 per week in tokens = 325 BFG(TRX) + 325 BFG(BTC) Sr Member: $30 per week in tokens = 975 BFG(TRX) + 975 BFG(BTC) Hero and Legendary: $40 per week in tokens = 1300 BFG(TRX) + 1300 BFG(BTC)
The avatar is here. Signatures are here. *Monthly Bonus + Quarterly Bonus
*Topics for YouTube videos, articles / reviews / comparisons / posts:
  • What makes BetFury unique? The main advantages of the platform.
  • Features of mining at BetFury. Opportunities and prospects for BFG token holders.
  • Comparison with other projects in the field of gambling.
  • Acquaintance with the BetFury platform: how to enter, deposit/withdraw, placing bets in In-house games and slots, mining and staking BFG token.
  • Promotional campaigns and contests on BetFury: current events / personal experience of participation / accrual of winnings / withdrawal of funds.
  • BetFury: advantages over traditional games.
  • How does the dividend system and cashback work at BetFury?
  • Games at BetFury:In-house, Slots, Table Games, Live Games.
  • Ability to place bets on BetFury: TRX, USDT, BTT, BFG, SUN, BTC + dividends pools.
  • BetFury benefits: Min bet, Daily tasks, Jackpots, Cashback, Dividends, Rank system.
https://preview.redd.it/62k9m4acwev51.png?width=1050&format=png&auto=webp&s=e9713351d53b13c6a176f37024fd55ae2a41d681
Check *Monthly Bonus & Quarterly Bonus in the rules of each campaign on BitcoinTalk.
There will be enough gifts for everyone! Call your friends and participate together to share the fun of this holiday.
____________________________________________________________________________________________________________
Link to the Website: https://betfury.io Link to the Telegram: http://t.me/betfury Link to the Twitter: https://twitter.com/betfury_io Link to the Telegram Channel: https://t.me/betfuryofficialchannel Link to the Steemit: https://steemit.com/@betfury-steem Link to Facebook: https://www.facebook.com/BetFury.io/ Link to Instagram: https://instagram.com/betfury.io Link to Reddit: https://www.reddit.com/useBetFury_io
submitted by BetFury_io to u/BetFury_io [link] [comments]

could mining pools be charged for violating sanctions?

If those running a bitcoin mixer can be charged for violating AML, can a centralized mining pool charged for mining a transaction violating sanctions?
Mining pools are relatively large organizations that control what transactions get into the block as they create the block template using the bitcoin protocol. Thus they have 'ownership' of what transactions are processed. They outsource some of the POW hashing to 'ASIC' operators ( that are not responsible for selecting transactions )
large organizations generate allot of revenue and hire multiple people and present a large target for law enforcement vs a random solo miner that mines a block every now then. They are more likely to be compliant with requests to censor transactions to protect their 'reputation/business'
This is, why protocols like better-hash needs to be widely adopted because, with better hash the pool is _NOT_ responsible for selecting transactions - all it will do is pool the rewards. Individual miners in the pool can create their own block templates. Thus they are no longer ASIC operators as they need to run a full node to create the block template.
I think betterhash will decentralize legal liabilities of the mining pool. Any point of centralization in bitcoin like a custodian mixing service is vulnerable to legal action.
submitted by Spartan3123 to Bitcoin [link] [comments]

Gridcoin 5.0.0.0-Mandatory "Fern" Release

https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.0.0.0
Finally! After over ten months of development and testing, "Fern" has arrived! This is a whopper. 240 pull requests merged. Essentially a complete rewrite that was started with the scraper (the "neural net" rewrite) in "Denise" has now been completed. Practically the ENTIRE Gridcoin specific codebase resting on top of the vanilla Bitcoin/Peercoin/Blackcoin vanilla PoS code has been rewritten. This removes the team requirement at last (see below), although there are many other important improvements besides that.
Fern was a monumental undertaking. We had to encode all of the old rules active for the v10 block protocol in new code and ensure that the new code was 100% compatible. This had to be done in such a way as to clear out all of the old spaghetti and ring-fence it with tightly controlled class implementations. We then wrote an entirely new, simplified ruleset for research rewards and reengineered contracts (which includes beacon management, polls, and voting) using properly classed code. The fundamentals of Gridcoin with this release are now on a very sound and maintainable footing, and the developers believe the codebase as updated here will serve as the fundamental basis for Gridcoin's future roadmap.
We have been testing this for MONTHS on testnet in various stages. The v10 (legacy) compatibility code has been running on testnet continuously as it was developed to ensure compatibility with existing nodes. During the last few months, we have done two private testnet forks and then the full public testnet testing for v11 code (the new protocol which is what Fern implements). The developers have also been running non-staking "sentinel" nodes on mainnet with this code to verify that the consensus rules are problem-free for the legacy compatibility code on the broader mainnet. We believe this amount of testing is going to result in a smooth rollout.
Given the amount of changes in Fern, I am presenting TWO changelogs below. One is high level, which summarizes the most significant changes in the protocol. The second changelog is the detailed one in the usual format, and gives you an inkling of the size of this release.

Highlights

Protocol

Note that the protocol changes will not become active until we cross the hard-fork transition height to v11, which has been set at 2053000. Given current average block spacing, this should happen around October 4, about one month from now.
Note that to get all of the beacons in the network on the new protocol, we are requiring ALL beacons to be validated. A two week (14 day) grace period is provided by the code, starting at the time of the transition height, for people currently holding a beacon to validate the beacon and prevent it from expiring. That means that EVERY CRUNCHER must advertise and validate their beacon AFTER the v11 transition (around Oct 4th) and BEFORE October 18th (or more precisely, 14 days from the actual date of the v11 transition). If you do not advertise and validate your beacon by this time, your beacon will expire and you will stop earning research rewards until you advertise and validate a new beacon. This process has been made much easier by a brand new beacon "wizard" that helps manage beacon advertisements and renewals. Once a beacon has been validated and is a v11 protocol beacon, the normal 180 day expiration rules apply. Note, however, that the 180 day expiration on research rewards has been removed with the Fern update. This means that while your beacon might expire after 180 days, your earned research rewards will be retained and can be claimed by advertising a beacon with the same CPID and going through the validation process again. In other words, you do not lose any earned research rewards if you do not stake a block within 180 days and keep your beacon up-to-date.
The transition height is also when the team requirement will be relaxed for the network.

GUI

Besides the beacon wizard, there are a number of improvements to the GUI, including new UI transaction types (and icons) for staking the superblock, sidestake sends, beacon advertisement, voting, poll creation, and transactions with a message. The main screen has been revamped with a better summary section, and better status icons. Several changes under the hood have improved GUI performance. And finally, the diagnostics have been revamped.

Blockchain

The wallet sync speed has been DRASTICALLY improved. A decent machine with a good network connection should be able to sync the entire mainnet blockchain in less than 4 hours. A fast machine with a really fast network connection and a good SSD can do it in about 2.5 hours. One of our goals was to reduce or eliminate the reliance on snapshots for mainnet, and I think we have accomplished that goal with the new sync speed. We have also streamlined the in-memory structures for the blockchain which shaves some memory use.
There are so many goodies here it is hard to summarize them all.
I would like to thank all of the contributors to this release, but especially thank @cyrossignol, whose incredible contributions formed the backbone of this release. I would also like to pay special thanks to @barton2526, @caraka, and @Quezacoatl1, who tirelessly helped during the testing and polishing phase on testnet with testing and repeated builds for all architectures.
The developers are proud to present this release to the community and we believe this represents the starting point for a true renaissance for Gridcoin!

Summary Changelog

Accrual

Changed

Most significantly, nodes calculate research rewards directly from the magnitudes in EACH superblock between stakes instead of using a two- or three- point average based on a CPID's current magnitude and the magnitude for the CPID when it last staked. For those long-timers in the community, this has been referred to as "Superblock Windows," and was first done in proof-of-concept form by @denravonska.

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[5.0.0.0] 2020-09-03, mandatory, "Fern"

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submitted by jamescowens to gridcoin [link] [comments]

BitcoinSV

Bitcoin is a system designed to scale to really big mining companies. This is obvious because proof-of-work is an arm's race. Companies compete to create better and better chips, to make more and more profit. Mining operations take profits, so they're companies, they need to sell their bitcoin back to the market for dollars to cover their costs. Even pools are companies.
At scale, the companies competing to secure the blockchain are MASSIVE. They pass petabyte blocks to each other over the network, and they build highly connected fast networking infrastructure to each other so that they can propagate blocks very very fast.
Blocks don't need to be verified by non-miners. Transactions get handed directly to merchants who query the outputs with the largest miners, who then clear the transaction if the outputs are unspent. Then the transaction settles when a block is won by a miner.
submitted by Jo_Bones to bsv [link] [comments]

Crypto Mining Pool Server Setup Vlog #2 - YouTube BitLuck Mining Pool - Grow Your Bitcoin NOW! Crypto Mining Pool Server Setup Vlog #1 - YouTube Bitcoin mining pool - BTC.com tutorial - YouTube How To Setup A Mining Pool - Part 1

Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Sign up to join this community. Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top Bitcoin . Home ; Questions ; Tags ; Users ; Unanswered ; Jobs; How can I start my own mining pool? Ask Question Asked 9 years, 1 month ago ... 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. Solo Bitcoin Mining ... The mining pool pays out a portion of these proceeds to individual miners based on how many shares they generated. For example, if the mining pool’s target threshold is 100 times lower than the network target threshold, 100 shares will need to be generated on average to create a successful block, so the mining pool can pay 1/100th of its payout for each share received ... Durch Bitcoins Mining können Sie Einheiten der virtuellen Bitcoin-Währung erhalten. Mit entsprechendem finanziellen Aufwand kann so jeder Computer-Besitzer nebenbei Geld verdienen. Wie das geht und was Sie dabei beachten sollten, erklären wir Ihnen in unserem Ratgeber. Learn how to build and maintain your own altcoin cryptocurrency mining pool, including how to compile coin daemons under Linux, add coins to a pool, and how to earn commission from everyone who mines at your pool. Lots of demos that you can follow yourself as you build your own mining pool. Note: This course is not for those that are unfamiliar with cryptocurrency mining and blockchain ...

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Crypto Mining Pool Server Setup Vlog #2 - YouTube

Hi guys this is the 3rd and final video on making a bitcoin mining pool. In this video I show you how to create the web front end using free and open source software and we get the stratum server ... Slushpool is the oldest bitcoin mining pool, and the first known to be publicly available. This tutorial will demonstrate worker setup on slushpool mining pool. BTC.com is a popular block explorer bitcoin mining pool. This tutorial will demonstrate how to mine bitcoin on btc.com mining pool. #bitcoin #miningpool #cry... Dive in and start exploring the process of setting up a mining pool. Learn what you need to know before you select a pool to setup. Bitcoin mining pool slushpool offers a new AI and a powerful dashboard. This tutorial will demonstrate how you can setup a worker on slushpool to mine bitcoi...

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