>> (p.1)
    Author Topic: Join a pooled bitcoin mining effort  (Read 53406 times)
    doublec (OP)
    Legendary
    *
    Offline Offline

    Activity: 1078
    Merit: 1005


    View Profile
    December 01, 2010, 09:22:01 AM
     #1

    I've started a pooled mining server using puddinpop's remote mining version of bitcoin being discussed in the technical forum: http://bt.irlbtc.com/view/1458.0

    Due to high difficulty levels it will take a long time for a CPU based miner to generate a block and get 50 coins. By joining in the pooled effort you combine your efforts with everyone else in the pool. The server ensures everyone is working cooperatively so the average time to generate the coins for the entire pool is based on the sum of their hash values. The pool server then distributes the 50 coins based on the contributions of the people in the pool. See the technical thread for more details.

    I've put a page up containing the latest version of puddinpop's software and instructions on how to connect to my server: http://www.bluishcoder.co.nz/bitcoin-pool/

    There is currently no version of the miner for GPU's but hopefully one will be available soon. Currently there are 26 clients with a combined khash of 25,000.
Page 1
Viewing Page: 1