X8s

2011-06-15T22:52:13Z

Redhatzero: Created page with "A mining pool. This pool pays out using a proportional share reward system (your shares / total shares for the round) = % share of the rewards. The service w..."

A [[Pooled mining|mining pool]].

This pool pays out using a proportional share reward system (your shares / total shares for the round) = % share of the rewards.

The service was first available on June 08, 2011<ref>[http://forum.bitcoin.org/index.php?topic=13275 New Pool]</ref>.

==Reward distribution==

* Proportional: 1% fee.

==See Also==

* [[Comparison of mining pools]]
* [[Pooled Mining]]

==External Links==

* [http://btc.x8s.de x8s] web site

==References==
<references />

[[Category:Pool Operators]]

Comparison of mining pools

2011-06-15T22:49:48Z

Redhatzero:

Reward types & explanation:
* '''PPS''' - Pay Per Share. Each submitted share is worth certain amount of BTC. Since finding a block requires <current difficulty> shares ''on average'', a PPS method with 0% fee would be 50 BTC divided by <current difficulty>. It is risky for pool operators, hence the fee is highest.
* '''Prop.''' - Proportional. When block is found, the reward is distributed among all workers proportionally to how much shares each of them has found. This method is vulnerable to ''pool swapping'' cheat, where a worker would swap to another pool, if this one didn't find a block quickly. Then he would have extra profit on fast rounds, and normal profit on long rounds (because he would be mining on another pool by then). To mitigate this problem pools must introduce extra fees, and hide statistics, so that it is unknown when a block is found.
* '''Score''' - Score based system, the most advanced one. It is a proportional reward, but it is impossible to cheat as described above. Each submitted share is worth more in the function of time ''t'' since start of current round. For each share score is updated by: score += exp(t/C). This makes later shares worth more than earlier shares, thus swapping away to another pool on longer rounds makes the cheater's score to quickly diminish. Rewards are calculated proportionally to scores (and not to shares). Statistics can be shown "live" without fear. The score based method is perfect for 24/7 miners. (at slush's pool C=300 seconds, and every hour scores are normalized)

{| class="wikitable sortable"
|-
! Name !! Location !! Hashrate (GHash/sec)<ref name="hashrate">Hashrate is given in gigahash/second.</ref><ref name="hashrate2">Note that pool hashrate is largely irrelevant but can be seen as a popularity measurement. Note however that it is a theoretical security issue if one pool gains above 50% of the total computational power of the network, thus consider joining a pool based on other metrics.</ref> !! Reward Type !! Transaction fees !! Fee PPS !! Fee Prop / Score !! Audits<ref name="auditing">Auditing can be accomplished by third-parties if the pool publishes proofs-of-work for every share.</ref> !! Protocol !! Launched !! Forum Thread !! Homepage
|-
| [[Bitclockers|BitClockers]] || Unknown || 75 || Prop. || kept by pool || - || 2% || ? || RPC (+LP) || 2011-05-27 || [http://forum.bitcoin.org/index.php?topic=10127.0 Link] || [http://bitclockers.com/ Link]
|-
| [[Bitcoin_Pool|Bitcoin Mining Pool]] || USA || 255 || Prop. || kept by pool || - || 0%<ref name="donations">Donations are possible</ref> || ? || RPC (+LP) || Unknown || [http://bitcoinpool.com/forum/ Link] || [http://www.bitcoinpool.com/ Link]
|-
| [[Bitcoin_Pooled_Mining|Bitcoin Pooled Mining (Slush)]] || London || 1491 || Score || kept by pool || - || 2% || ? || RPC || 2010-11-27 || [http://forum.bitcoin.org/index.php?topic=1976.0 Link] || [http://mining.bitcoin.cz/ Link]
|-
| [[Bitcoins.lc]] || EU || 225 || Prop. || kept by pool || - || 0% || ? || RPC (+LP) || 2011-05-27 || [http://forum.bitcoin.org/index.php?topic=10121.0 Link] || [http://www.bitcoins.lc/ Link]
|-
| [[BitLotto Pool]] || Los Angeles || 1 || Prop || kept by pool || - || - || ? || RPC (+LP) || 2011-06-08 || [http://forum.bitcoin.org/index.php?topic=13794.0 Link] || [http://www.bitlottopool.com/ Link]
|-
| [[BTC Guild]] || USA, EU || 1389 || Prop. || kept by pool || - || 0%<ref name="donationsf">Donations are possible to unlock features</ref>|| ? || RPC (+LP) || 2011-05-09 || [http://forum.bitcoin.org/index.php?topic=7760.0 Link] || [http://www.btcguild.com/ Link]
|-
| [[BTCMine]] || UK || 605 || Score || kept by pool || - || 2% || ? || RPC (+LP) || 2011-03-11 || [http://forum.bitcoin.org/index.php?topic=4251.0 Link] || [http://www.btcmine.com/ Link]
|-
| [[Continuum]] || Canada || 7 || PPS / Score || kept by pool || 5% || 0% || ? || RPC (+LP) || 2011-05-17 || [http://forum.bitcoin.org/index.php?topic=8660.0 Link] || [http://www.continuumpool.com/ Link]
|-
| [[DeepBit]] || Germany || 2661 || PPS / Prop. || kept by pool || 10% || 3% || ? || RPC (+LP) || 2011-02-26 || [http://forum.bitcoin.org/index.php?topic=3889.0 Link] || [http://deepbit.net/ Link]
|-
| [[Eclipse]] || USA / Europe / AU / Asia || 25 || Prop / Score || kept by pool || 0% || 0% || ? || RPC (+LP) || 2011-06-14 || [http://forum.bitcoin.org/index.php?topic=16385.0 Link] || [https://eclipsemc.com Link]
|-
| [[Eligius]] || USA / Europe || 318 || MaxPPS / Prop. || kept by pool || ~0.0003%<ref name="donations">Donations are possible</ref> || ~0.0003%<ref name="donations">Donations are possible</ref> || Yes<ref name="auditnote">Access to Eligius proofs-of-work is available on request.</ref> || RPC (+LP) || 2011-04-27 || [http://forum.bitcoin.org/index.php?topic=6667.0 Link] || [http://eligius.st Link]
|-
| [[Mining Team Reddit]] || USA, EU || 125 || Prop || kept by pool || - || 0%<ref name="donations">Donations are possible</ref> || ? || RPC (+LP) || 2011-05-25 || [http://forum.bitcoin.org/index.php?topic=15929.0 Link] || [http://www.mtred.com/ Link]
|-
| [[Ozco.in]] || AUS || 25 || Prop || Kept in Pool || 0% || 0% || ? || RPC (+LP) || 2011-06-08 || [http://forum.bitcoin.org/index.php?topic=14085.0/ Link] || [http://www.ozco.in Link]
|-
| [[Simplecoin]] || Unknown || 0 || Prop|| kept by pool || - || 0% || ? || RPC (+LP) || 2011-06-02 || [http://forum.bitcoin.org/index.php?topic=11186.0 Link] || [http://simplecoin.us/ Link]
|-
| [[Swepool]] || Sweden || 51 || Prop || kept by pool || - || - || ? || RPC (+LP) || 2011-05-14 || [http://forum.bitcoin.org/index.php?topic=8288.0 Link] || [http://swepool.net/ Link]
|-
| [[x8s]] || Germany || 4 || Prop || kept by pool || - || - || ? || RPC (+LP) || 2011-06-08 || [http://forum.bitcoin.org/index.php?topic=13275 Link] || [http://btc.x8s.de/ Link]
|-
| [[ZA Bitcoin]] || South Africa|| 0.4 || Prop || kept by pool || 0% || - || ? || RPC (+LP) || 2011-06-14 || [http://forum.bitcoin.org/ Link] || [http://www.zabitcoin.co.za/ Link]
|}

<references/>

== See also ==
*[[Pooled mining]]
*[http://bcx.me/ Bitcoin Mining Pool Tracker]

[[Category:Mining]]

Bitcoin Wiki - User contributions [en]

X8s

Comparison of mining pools