Difference between revisions of "Slush Pool"

Revision as of 05:57, 8 August 2014

Bitcoin Pooled Mining

Trading name	Slush's pool
Industry	Mining pool
Founded	November 27, 2010^[1]
Key people	Slush
Website	https://mining.bitcoin.cz/

Bitcoin Pooled Mining (BPM), better known as Slush's pool, is the oldest mining pool, and the first known to be publicly available. Slush's pool was announced on November, 27, 2010 under the name Bitcoin Pooled Mining Server^[1] and operated on a share strategy that involved an artificially low difficulty method that has since been determined to be vulnerable to cheating. The pool now follows a score-based method, where older shares (from beginning of the round) have a lower value than newer shares, which serves to demotivate a cheater from switching between pools inside a round. Balances accumulate on the server, and are sent out when a user-set threshold balance is reached. There is a fixed fee of 2%, as of March 10, 2011^[2].

External Links

Bitcoin Pooled Mining website
Graph Data Exporter utility script

References

[thread-1] 1.0 ^1.1 Cooperative mining (join us!)

[2] Cooperative mining (update 2011-03-10)

[1]

[2]

@@ Line 3: / Line 3: @@
 |industry=[[Mining pool]]
 |foundation=November 27, 2010<ref name="thread">[http://www.bitcoin.org/smf/index.php?topic=1976.0  Cooperative mining (join us!)]</ref>
-|owner=[[Slush]]
+|owner=[[User:Slush|Slush]]
 |hashrate=5.3 PHash/s<ref>[https://mining.bitcoin.cz/stats/ Slush's Pool Statistics]</ref>
 |website=https://mining.bitcoin.cz/
-}}'''Bitcoin Pooled Mining''' (BPM), also sometimes referred to 'Slush's pool', is the first [[Pooled mining|mining pool]].
+}}'''Bitcoin Pooled Mining''' (BPM), better known as '''Slush's pool''', is the oldest [[Pooled mining|mining pool]], and the first known to be publicly available. Slush's pool was announced on November, 27, 2010 under the name Bitcoin Pooled Mining Server<ref name="thread"/> and operated on a share strategy that involved an artificially low [[difficulty]] method that has since been determined to be vulnerable to cheating. The pool now follows a score-based method, where older shares (from beginning of the round) have a lower value than newer shares, which serves to demotivate a cheater from switching between pools inside a round. Balances accumulate on the server, and are sent out when a user-set threshold balance is reached. There is a fixed fee of 2%, as of March 10, 2011<ref>[https://www.bitcoin.org/smf/index.php?topic=1976.msg63615#msg63615 Cooperative mining (update 2011-03-10)]</ref>.
-BPM follows a score-based method.
-Older shares (from beginning of the round) have a lower weight than newer shares, which serves to demotivate a cheater from switching between pools inside a round.
-Server cheating, by way of the pool operator fraudulently granting himself extra 'shares', is not addressed.  Thus the clients have to trust the pool operator to fairly distribute the proceeds.
-Balances accumulate on the server, and are sent out when a user-set threshold balance is reached.
-There is a fixed fee of 2%, as of March 10, 2011<ref>[https://www.bitcoin.org/smf/index.php?topic=1976.msg63615#msg63615 Cooperative mining (update 2011-03-10)]</ref>.
-BPM was announced on November, 27, 2010<ref name="thread"/>.  At the time the service was operated under the name Bitcoin Pooled Mining Server and operated on a share strategy that involved an artificially low [[difficulty]] method that has since been determined to be vulnerable to cheating.
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Difference between revisions of "Slush Pool"

Revision as of 05:57, 8 August 2014

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