Slush Pool – Mining Bitcoin Tutorial

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I bitcoin cz mining url not saying this is a smart idea. You might be interested in mining Monero with your CPU. Bitcoins are created as a reward for payment processing work in which users offer their bitcoin cz mining url power to verify and record bitcoin cz mining url into the public ledger.

This activity is called mining and is rewarded by transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for different currencies.

If you want to have a look at a really basic explanation of bitcoin, they have an official video for that:. As said before, your CPU is not a good mining interface, because graphic cards and specialised hardware like FPGAs and ASICs are much faster at doing the computation that creates the actual bitcoins, which are stored in your walleta virtual collection that just contains some strings of text. The one I found for using your CPU was funnily enough one named cpuminer.

Pools are bitcoin cz mining url networks of people who bitcoin cz mining url bitcoin and distribute the workload among their machines. It shows you statistics for how much your individual workers make and how much of a bitcoin block you have contributed to mining.

To get started, you just need to sign up for some mining pool and then download the cpuminer. Once it is in your download directory and extracted you can use it. If you have not a lot of experience in the terminal, you can use something like the following commands, if you have downloaded cpuminer from the sourceforge page that fits your operating system. The lines followed by yay!!! Where the last line tells you, that your hashes were rejected by the mining pool, because they simply were generated by the wrong method.

This will not mine you bitcoin cz mining url bitcoins. You now know how to mine Bitcoin with your CPU, which is not recommended, but fun to try and shows the process of how you do it. Thank you for reading and be sure to leave your thoughts in the comments or hit me up on one of the social networks listed on the left! Thank you for reading! If you have any comments, additions or questions, please leave them in the form below!

You can also tweet them at me. If you want to read more like this, follow me on feedly or other rss readers. Is it something to do with the router or ISP?

Hi Curio have you solve the problem. Is there still any value in this? Or is the revenue so low now that it is no longer worthwhile? Do you see any revenue generated by this?

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Mining litecoins since October 21, New to Litecoin mining? Read our Beginner's Guide! Every valid share you submit to this pool is instantly credited to your account at the current pay-per-share PPS rate. This rate, expressed in litecoins, also takes into account merged-mined coins such as Dogecoin, resulting in higher payouts than a regular Litecoin pool.

Thanks to merged mining, you have to pay no fee; in fact, your earnings may even be higher than with a 0-fee PPS system. On other systems, miners are only rewarded when and if a block matures, but sometimes blocks get orphaned from the Litecoin network, and therefore yield no reward.

A PPS pool, on the other hand, takes on the risk of bad luck so you don't have to deal with variance and orphaned blocks.

Since the very start, the pool used ad-hoc software: Pooler wrote the front end entirely from scratch, with security and efficiency in mind, while the mining back end was originally a heavily-modified version of Jeff Garzik's pushpool.

After two weeks of intensive testing, on November 5, the pool opened its doors to the public, becoming the first PPS pool for Litecoin. In April LitecoinPool. Due to centralization concerns, it was decided to temporarily close new registrations; later in , registrations were reopened, but have since been subject to approval.

In August the back-end software was completely redesigned and rewritten from scratch to implement advanced efficiency and scalability optimizations that Pooler devised after implementing support for the Stratum protocol in cpuminer. This new implementation makes LitecoinPool. In September LitecoinPool. We wish to thank all the people who have, directly or indirectly, contributed to the development of this pool. In particular, many thanks go to in alphabetical order: Welcome to the first true pay-per-share PPS Litecoin pool.

Some of our key features: A Bit of History LitecoinPool. Acknowledgements We wish to thank all the people who have, directly or indirectly, contributed to the development of this pool.