Slush s pool bitcoin address tracker
The pool automatically serves work of optimal difficulty by estimating the speed of your miners and applying gradual adjustments to the share target. It may take a couple minutes for the difficulty to stabilize. Share difficulty changes do not influence your expected earnings. Do not insert any whitespace or thousands separators. Keep in mind that difficulty can only be slush s pool bitcoin address tracker on a per-connection basis, so if you connect multiple workers via a proxy they will all share the same difficulty this is a limitation of the standard Stratum protocol.
Moreover, the server may round or cap the difficulty you asked for in order to prevent denial-of-service attacks. Keep in mind that some ASIC devices particularly older ones may malfunction if you don't set an appropriate difficulty manually. Additionally, the pool also supports BFGminer's --request-diff option to manually set an initial share difficulty. This makes it impossible for a man-in-the-middle attacker to send malicious spoofed requests to your miner.
All our servers support this feature, including the Tor hidden service. If you have many miners running within a local network, it is best to use the Stratum proxy for Litecoin mining. This proxy allows slush s pool bitcoin address tracker to significantly reduce your bandwidth usage. The Python source is available hereand a binary for Windows here note that this is not the same as Slush's proxy, as it is optimized for Litecoin.
You start the proxy on one of your machines as follows:. Then you connect your miners to that machine on port with the usual pool worker username and password. For example, if the proxy is running on FAQ Would Litecoin mining be profitable for me?
In practice, nowadays you can only make a profit by using ASIC application-specific hardware. Check out our mining profitability calculator. Litecoin and Bitcoin use two very different hashing algorithms scrypt and SHAd, respectively. Is there a pool fee?
No, even the nominal PPS fee was removed when merged mining was introduced. What is the PPS ratio? In practice, a Litecoin solo miner will always achieve a slightly lower ratio in the long run. For this reason, merged mining does not cause sudden difficulty spikes and does not harm any of the involved networks.
How and slush s pool bitcoin address tracker does the PPS ratio change? The PPS ratio depends on factors such as the current network difficulty and market price of merged-mined cryptocurrencies. Since these elements can be highly volatile, the ratio can change at any slush s pool bitcoin address tracker. Where is my Dogecoin balance?
The pool does not keep balances for Dogecoin or any of the other cryptocurrencies that it merge-mines. All accounting is done in litecoins based on the current PPS ratio, which takes everything into consideration.
Simply put, this means that instead of receiving separate payments in several cryptocurrencies, you receive more litecoins. Can I use the same worker name and password for more than one physical miner? Yes, but if you use different workers it is easier to track your miners' performance. Your expected rewards will be the same either way.
What happens if I reset a worker? A reset resets all of a worker's counters and statistics: It does not affect an account's rewards or global statistics. What is share difficulty? Share difficulty is a number that gives an indication of how difficult it is to find a share.
The lower this number, the more shares a miner will find at slush s pool bitcoin address tracker given speed, and the lower their value. For this reason, share difficulty does not affect miners' expected earnings. Why does the pool report more shares than my miner? This pool serves variable-difficulty work units, so when you solve a share the pool counts it with multiplicity, according to its difficulty. For example, if you solve a share that is four times as difficult as the baseline share, it gets counted as four shares.
The technique of adapting the difficulty to each miner's hash rate allows the pool to measure workers' speed more precisely while keeping bandwidth usage optimal. How does share difficulty influence my earnings? A higher share difficulty can only increase the variance, but not in a significant way.
How is the value of a share a. The standard PPS formula is used: Do block finders get extra reward? That would go against one of the main goals of the PPS systemwhich is to minimize variance. It would also make miners who don't find blocks earn less, as the PPS rate would need to be adjusted downwards. We do list recently found blocks and their finders, but only for the sake of transparency.
How do idle worker notifications work? Slush s pool bitcoin address tracker have the option to let the pool monitor your workers and slush s pool bitcoin address tracker you with an email when they go idle.
Monitoring can be enabled separately for each of your workersso if you wish you can have the pool monitor only a subset of your miners. If multiple workers go idle simultaneously within one minuteyou will only receive one email listing all of them. You will not receive further notifications for any given worker until it starts submitting shares again, and in any case not before 15 minutes have elapsed since the last notification.
Slush s pool bitcoin address tracker I use an exchange address for payouts? While technically possible, we strongly advise against using addresses provided by exchanges or other third-party services. One of slush s pool bitcoin address tracker main problems is that you do not fully control these addresses, and in particular if a problem arises you usually have no way to prove that you are the legitimate owner.
On the other hand, if you create an address on your computer using any wallet software, you can easily produce a digital signature. If you decide to use a third-party address anyway, we strongly recommend that you do not lock the slush s pool bitcoin address tracker. This is because at any point an exchange may stop accepting funds to an address and require you to use a new one yes, this has happened. Why am I not receiving payouts?
The exact conditions for payout are listed on your Payments page. Please note that for your own security, whenever you change slush s pool bitcoin address tracker payout address all payouts are suspended for 24 hours. It is perfectly normal to get this message a few times per minute. It simply means that your miner is switching to a new work unit, because the previous one is no longer valid.
Because of the stochastical nature of mining, frequent work updates which are necessary for efficient merged mining do not slush s pool bitcoin address tracker that your work goes wasted. That is also normal for some mining software. I've just started mining and all my shares are being rejected, what's wrong?
Make sure that your hardware and software support scrypt mining, and that they are configured correctly. Configuring a GPU for Litecoin mining strongly discouraged at this point can be particularly challenging. My miner shows up as online, but with 0 speed. No, something is probably wrong with your configuration. See the previous question. Why doesn't the hash rate reported by the pool match that reported by my miner? Because of how pooled mining works, the pool has no way of knowing your exact hash rate, so it can only estimate it based on how frequently you submit shares.
After you start mining, it takes about 10 minutes for the estimates to become slush s pool bitcoin address tracker. They will never be very precisethough; even if your miner's hash rate is steady, the pool estimate will keep fluctuating around the actual speed. The pool keeps reporting a much lower hash rate than my miner. If the estimate displayed on the site remains consistently too low even after a few hours, then chances are that you are experiencing hardware errors.
Mining software usually checks every solution generated by your hardware devices, and if one turns out to be incorrect because of hardware errors it rightfully doesn't even submit it. Since pools can only estimate your hash rate based on how many solutions you submit in a given amount of time, their estimate will be lower than your real raw hashrate. This raw hashrate, which mining software usually displays, is, however, not meaningful if the solutions your card generates are wrong.
If using cgminer or one of its derivatives, such as BGFminer, you need to make sure that all not just the top one of the HW figures are zero or next-to-zero; if that's not the case, you need to review your settings.
There are many things that can cause hardware errors, but the most common ones are: It is worth noting that modern ASIC circuitry tends to deteriorate with time and use, and that when one of the many hashing modules inside an ASIC goes bad there is usually no way to fix it. What are stale shares? Servers provide slush s pool bitcoin address tracker miner with some unique data that the miner must use to find a share. This data needs to be updated every time a new block appears on the Litecoin network, and that's why servers must promptly notify miners when they detect a new block.
Every second you keep on mining for the old block is wasted, because that block has already been found. Stale shares are caused by latency, which can happen at various levels. The most obvious cause is slush s pool bitcoin address tracker high ping time to the server, which however shouldn't affect the stale rate by more than 0.
Should I set the --no-submit-stale option in cgminer? No, you should not set that slush s pool bitcoin address tracker. If you set it, your rewards may be lower.
Luckily for us, however, bitcoins seem to be going up in value and should maintain their value over time, unlike your mint condition Tiny the stuffed Chihuahua. But how do you get bitcoins? You can begin by buying them outright, but the market is currently wild. In short, you should probably mine.
But what is bitcoin mining? Think of it as work done by groups of people to find large prime numbers or trying keys to decrypt a file. In fact, many wager that the DDOS attacks on many bitcoin-related services are direct action by hackers to inject instability in order to reduce the price.
As it stands, mining solo is very nearly deprecated. The process of finding blocks is now so popular and the difficulty of finding a block so high that it could take over three years to generate any coins. While you could simply set a machine aside and have it run the algorithms endlessly, the energy cost and equipment deprecation will eventually cost more than the actual bitcoins are worth.
Pooled mining, however, is far more lucrative. While this slush s pool bitcoin address tracker simplified, it is basically how the system works. You work for shares in a block and when complete you get a percentage of the block based on the number of workers alongside you, less fees.
The astute among you will note that I probably used twice that amount of electricity. My buddy Tom explained how to set up a pooled mining account so I thought it would be interesting to share the instructions. You can either store slush s pool bitcoin address tracker wallet locally or store it online. Wallets require you to use or download a fairly large blockchain file — about 6GB — so downloading and updating a local wallet may be a non-starter.
There is no preferred wallet type and there are obvious trade-offs to both. Privacy advocates would probably say a local wallet is best. You can download a local wallet here but make sure you keep a copy of your data backed up. This, without the period, is a direct way to send bitcoins to your wallet.
Make a note of your address. In Coinbase, the wallet address found under linked accounts. To mine in a pool you have to work with a group of other miners on available blocks. You can also try guilds like BTC Guild as well as a number of other options.
Slush s pool bitcoin address tracker with fewer users could also have a slower discovery time but pools with many users usually result in smaller payments.
However, as one pool owner, Slush, notes:. First, create a pool login. The workers are sub-accounts with their own passwords and are usually identified by [yourlogin]. I have three workers slush s pool bitcoin address tracker, currently — one on my iMac and two on my old PC. You must create workers to mine. Like any online club, you can dig deeply into the subculture surround bitcoin as you gain experience. Also be sure to enter your wallet address into the pool information. This will ensure you get your bitcoins.
There are a number of mining options for multiple platforms although OSX users may find themselves in a bit of a pickle. Miners, on the other hand, use these cycles to help handle peer-to-peer processes associated with bitcoins.
GUIMiner is the simplest solution for Windows users as it allows you to create miners using almost all standard graphics cards. You can download it here. Linux users can run slush s pool bitcoin address tracker like CGMiner.
An excellent guide to installing a miner on Ubuntu is available here. Sadly, it uses deprecated calls to Bitcoin and is quite a bit slower. Note the last two arguments are necessary for Mountain Lion. RPCMiner is far easier to run — you simply click an icon and enter some data — and both have very rudimentary, text-based interfaces. Running Diablo on my iMac has not had much effect on application performance under OS X although it does slow down my Windows 8 machine considerably.
Keep your mind on your money. Bitcoins are baffling in that they are wildly simple to use and mine. Speculators, then, would probably be able to throw hundreds of machines at the problem and gather bitcoins like raindrops, right? As more slush s pool bitcoin address tracker are found, they become more difficult to find. In theory, as the Bitcoin pool operator, I slush s pool bitcoin address tracker keep the 25 BTC from a block found by the pool for myself.
It is their freedom of choice, and Slush s pool bitcoin address tracker is about freedom.
Bitcoin community is in awe as the news about another high profile cryptocurrency hack, this time in multi-algo mining pool Nicehash, spread through the Internet. First, a recap of we know so far: The funds were transferred in 5 transactionsthe first of them containing the bulk of the loot, approximately 4, BTC. That transaction was validated at block heighton After that, the hacker did another 4 smaller transactions with lots of blocks between them.
Slush s pool bitcoin address tracker last of the transaction was done just a few hours ago at block height Meanwhile, Nicehash has been offline and the first press release came out just a couple hours slush s pool bitcoin address tracker informing customers about the situation. These suspicious transactions were done from block height Thus it is evident that someone or something script?
But why the hacker needed do this? Why spend time doing so in many different blocks? Nicehash has posted a nice visualization of transactions related to the notorious hack incident. These questions, among others, are already being slush s pool bitcoin address tracker by the miner community as Nicehash is offline for almost 24 hours.
And there are also miners that point out the fact that Slush s pool bitcoin address tracker was not lowering the 0. Of course, nobody knows yet what has actually happened and it is probably too early or too easy to talk about an inside job. Nicehash has announced it is already working with authorities and law enforcement to find out what happened.
So we should wait before jumping to conclusionsas Nicehash had a clean record until now and many miners were more than satisfied with the service. The only thing that is sure by now, is that Bitcoin is the new gold and as such it is targeted by thieves as it was happening in the Wild West with the precious metal many years ago. Please click here if you are not redirected within a few seconds.
Some obvious questions arise: How did the hacker managed to control the wallet for such a long time? Why nobody stop him from performing at least the latest transactions?
Nicehash Individual Users Talk About "Inside Job" These questions, among others, are already being debated by the miner community as Nicehash is offline for almost 24 hours. Some negative memes have been also posted like this slush s pool bitcoin address tracker making joke of Nicehash. What do you think? This article should not be taken as, and is not intended to provide, investment advice on Bitcoin, Cryptocurrencies or finance in general.
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