I just had a thought. If we had 30 second block times, that would 4x the number of times that a block reward was found in a given time, and significantly incentivize solo mining (by about a factor of 4). Someone who would only expect to find a block twice a year might now be getting a reward 8 times per year.

Hypothetically if we could do 15 second blocks, it would be even better.

Can someone hit me with cold hard reality as to why this might be a bad idea?

My Coinbase wallet was hacked by Dapp U2E-free mining pool on November 29, 2021and all my 44035 USDT was stolen. U2E-free customer service that I was picked as a lucky user and entered into a smart contract from November 29th through December 5th. She further said that all my funds will be returned at end of contract period along with (8) ETH as a reward with daily interest of 2%. I did not pay too much attention to it and sure enough at noon on November 29th all my 44035 USDT was gone. I refused to add more moneys/funds into Coinbase Wallet which I no longer trust and have a confidence with. Unlike the banks in US whereby customers' deposits are backed by FDIC up to $250000, Coinbase Wallet is not backed by anything. The Coinbase wallet didn't even inform nor send a notification and this is the wallet address that stole my USDT:

0xfd4077ae59402c98d71ce31456d56f5c131ebef4

At end of contract period December 5th, I requested my funds back to my Coinbase wallet and U2E-free customer service said it takes about 24 hours which I follow-through. The U2E free customer service said I had to add 76000 USDT to get my funds back which I never pledged to add any funds. Finally she requested me to add 16000 USDT in order for me to unfreeze my funds otherwise all my 44035 will not be returned indefinitely. I heard a lot victims who lost funds through this U2Efree scam and I reported to Coinbase but they can't do anything. It is very disappointing to hear that Coinbase is getting away with their digital wallet and they like to avoid responsibilities due its digital wallet app is not secure at all. Their market cap of more than $75 billions should be able to help resolve and refund at least base capitals of all victims' fund who lost to U2E-free that also claims as Coinbase as one of its partners. Coinbase should be responsible and held accountable of its digital wallet design flaw. I have attached screen shots that hopefully may be able to help other prospective investors before they put money in Coinbase Wallet. Thanks

I just recieved a few refurbished Litecoin L3++ from china , and I've heard about HiveOS , i was thinking about flashing in , but there is a devfee for using it right ?

so it's gonna be a 3-5% devfee for the Hiveos fimware and another 3-5% for the mining pool ?

What will happen after the halving with pool mining? will i get same amount of coins i get now after the halving?

The high transaction fees seen on the Ethereum network can be a nuisance even for network miners. It was this problem that the Ethereum mining pool — 2Miners, identified and set out to solve.

In this post, I you tell you how this happened and present some very interesting (and even shocking) numbers about how this has been impacting the business and the market.

The 2Miners mining pool

According to poolwatch.io, 2Miners is the fourth largest Ethereum mining pool in computational power, making 32.7 TH/s right now (just 2 TH/s less than third position) and responsible for 3, 9% of all network hashrate. It is the third largest in the number of miners, with 70,560.

On October 11, 2021, the pool made a blog post commenting on the increase in fees on the Ethereum network due to an increase in the number of transactions and the new dynamics of block size and fees that came with the hard fork “ London Upgrade” in August.

At the time of posting, network fees were around $10 and, according to the publication, it was already a high-impact figure on the income and viability of the business for some small miners. A miner who produced $100 in rewards, when paid by the pool, would direct 10% of his profit to the network.

This is because miners share computational power with the pool to improve their chances of mining blocks and, as a result, receive the reward for their work.

It is the responsibility of the mining pool to receive the reward from the network in an account under its control and distribute payments in proportion to the hashrate generated by each participating miner.

Payments are daily and each payment in ETH involves a transaction and, consequently, a gas payment (fee in the Ethereum), which on November 22nd, for example, was at an average of 50 dollars according to the page @TransactionFees.

The problem and its solution

In many mining pools, miners have to wait days, weeks or months to accumulate a minimum reward called the “no payout fee” to receive their payment without discounting the fees (the pool absorbs this amount). On @nanopool_org, for example, this value on 11/22 was at 0.4 ETH (approximately US$1,720.00).

The problem with waiting so long is that the miner is at risk on

I just got my coinbase wallet cleaned out by scammers, only $2200 lost as I had only just started mining.

Its seems like the ability to hard fork is a key strength of proof of work over proof of stake (ie. don’t like segwit just fork a new chain). PoS chains cant do this sustainably without reallocating staking power (see nano to banano fork). So my question is, how has BCH managed to prevent malicious BTC miners from messing up the network with their huge mining power?

Edit: This paper (link below) seems to explain my thinking in a bit more detail. Would be very grateful to anyone who can explain why this may be wrong!

https://www.researchgate.net/publication/341363666_Why_Fixed_Costs_Matter_for_Proof-of-Work_Based_Cryptocurrencies

I have 230Mh/s on ethash algo. Should i move to direct pool mining? Which is more profitable? nicehash or direct mining pools?

I have RVN in my 2miners wallet, how do I move those coins/funds to another wallet?

Hate seeing your miner pull high hash rate not reflected in your pool? Is this the solution?

Hello all. I setup another miner last weekend (first one shit out so will deal with that later) it’s a Whatsminer m21s 56/th Now I’ve been watching it for a week. And it’s been dipping between 40 TH/s and 74 TH/s Is this a pool issue? The pool does not say it’s rejected any hashing. R/ asic miners left me with crickets so I came here. I and mining on NiceHash, open to other pools as well. Cheers

Hey there everyone, not sure if this is a bad question or not but maybe I can get some insight or clarification

Would it be more profitable right now for me to buy a couple asic miners and trying to mine some POW Coins?

Or

Buying an extra laptop/PC or two, configuring those and becoming a validator for some chains like Terra or Cosmos, etc?

Let's spitball a budget of 2.5 - 5k.

What's some smart plays right now?

My laptop currently sucks for mining, and seeing some of these stake pools and the commission rates have me questioning if it would be a better play for the year

Shit, this can go beyond my Initial Question, would be cool for this thread to gain some traction and have some valuable thoughts and/or strategies.

Much love Crypto fam ❤

newbie here,

what are some pools you guys use and recommend?

New to the group; I'm a private investigator in Vancouver looking into this scam. I have a client who has been taken for about $35K USD and about $10K USD profit. I'm looking to share how this fraud operates, determine jurisdiction(s), and liaise with law enforcement.

For the maximum mining profit, my advice would be to change the mining pool. Why you ask? It's very simple.

1. 50+ % are mining to Flockpool (currently 77%). This makes it prone to a 51%-attack, if the pool also gets ahold of majority of the smartnodes.

2. Investors will look at exactly those facts and see RTM as a non-secure asset, especially when they do not know that there also has to be a 51+% ownership of smartnodes. Thus not investing into RTM. Which is bad since we want the network to grow.

3. Other pools have lower fees and on average a higher payout. (see this) Personally, I mine to minafacil, there is also a pool with a -1% fee to attract miners (raptoreum-usa).
   Sidenote: I also recommend using XMRig miner because it has higher avg hashrate and lower dev fees (see link above). Not to shill CPUminer, it is just facts.

4. For a list of pools see here.

I hope this helps.

Check coins and select which one you want to mine,download miner and start earning while doing other staff

https://unmineable.com/?ref=onhn-7duo

Hey all, I'm receiving (finally after a whole 2 months wait), my first 10 Antminer S19J Pros (104th).

I've been digging around looking for the best possible mining pool to join, currently debating between poolin, slushpool, f2pool or antpool.

Slushpool seems to have the nicest UI and seems cool for monitoring, which is what I'm hinting towards, but i've read up on inconsistencies in payouts.

Also does China "banning" BTC mining (for the 20000x time) affect any of the chinese pools?

Which one would you recommend, for the most consistent/overall greatest payout?

I'm in Canada

Thanks!

Just got myself two antminer s19j pros so I'm super excited to have these things up and running approx next week or so. I need to select a mining pool.

Question : are there difference in the pools? Minus the pool fee? I believe 1.5% is average.

Suggestions, first hand accounts? Thanks guys!

Following in 2miners footsteps seems ideal. They've increased their market share rapidly since adopting Nano as a feeless and instant payout system.

What pools would you like to see using Nano?

Hello all, I am fairly noobish when it comes to all of the options when it comes to crypto, I have used it make some money this year and I see a lot of potential in certain projects. However I recently took a tentative plunge into what is being called a liquidity mining pool. The min. amount was $100 and promised a 3% daily return. I figured wth and tried it. And I am at almost $200 now. But I keep waiting for the other shoe to drop. I keep waiting for the rug pull or something.

Because if I am doing my math right then every month I could be doubling my money, so what is to stop people from coming in to these with $100,000 and in only 4 month's time walking away with 1.6 million. Or keeping it in there for a year and making hundreds of millions.

Is this legit? Or is sustainable? Or should I pull out now and walk away? I vaguely recall an article about the longevity of pool mining and how long it would be around.

I am new to these issues, I deposited 30K USDT in my conbase wallet to participate in a mining liquidity group called cbeth.vip and my funds disappeared from my wallet, and I never shared my keys, did something similar happen to any of you? I want to know what I can do! I want my money back!

Mining pool innovates on how to pay miners saving $10M USD in fees

The high transaction fees seen on the Ethereum network can be a nuisance even for network miners. It was this problem that the Ethereum mining pool — 2Miners, identified and set out to solve.

In this post, I you tell you how this happened and present some very interesting (and even shocking) numbers about how this has been impacting the business and the market.

The 2Miners mining pool

According to poolwatch.io, 2Miners is the fourth largest Ethereum mining pool in computational power, making 32.7 TH/s right now (just 2 TH/s less than third position) and responsible for 3, 9% of all network hashrate. It is the third largest in the number of miners, with 70,560.

On October 11, 2021, the pool made a blog post commenting on the increase in fees on the Ethereum network due to an increase in the number of transactions and the new dynamics of block size and fees that came with the hard fork “ London Upgrade” in August.

At the time of posting, network fees were around $10 and, according to the publication, it was already a high-impact figure on the income and viability of the business for some small miners. A miner who produced $100 in rewards, when paid by the pool, would direct 10% of his profit to the network.

This is because miners share computational power with the pool to improve their chances of mining blocks and, as a result, receive the reward for their work.

It is the responsibility of the mining pool to receive the reward from the network in an account under its control and distribute payments in proportion to the hashrate generated by each participating miner.

Payments are daily and each payment in ETH involves a transaction and, consequently, a gas payment (fee in the Ethereum), which on November 22nd, for example, was at an average of 50 dollars according to the page @TransactionFees.

The problem and its solution

In many mining pools, miners have to wait days, weeks or months to accumulate a minimum reward called the “no payout fee” to receive their payment without discounting the fees (the pool absorbs this amount). On @nanopool_org, for example, this value on 11/22 was at 0.4 ETH (approximately US$1,720.00