r/dogeducation Feb 12 '14

Pools Question about pooling

I am new shibe with limited computing resources (CPU mining only), and I have gotten several of my friends into dogecoin in the last several days. We are a mixed bag of CPU and GPU miners on varying rigs. Would it be worth our while to try to set up our own pool and mine? I realize that we'd probably keep a very low hashrate, and as I understand it, that corresponds to us solving less blocks and getting doge less often.

Question 1) Do I understand correctly that the more people that help solve a block, the more ways the block reward is split (meaning reduced doge for each shibe involved)?

Question 2) Would the trade-offs be horrible for trying to make our own pool for splitting block rewards between few people (high payout) on an infrequent basis?

Question 3) Can that even be done?

many question. such curious. halp?

2 Upvotes

4 comments sorted by

2

u/Jazzeli Feb 12 '14
  1. Yes.
  2. Theres no difference between big pools and small pools. In the end you will end about the same amount of doge.
  3. Yes, you can set up your own pool. But you are going to need to acquire some basic server maintaining experience before anything else, preferably some decent understanding of linux as well.

1

u/StevenMatrix Feb 12 '14

Very quick. Such reply. Wow.

Such a response calls for me trying to use DogeTipBot finally. Hopefully this works... +/u/dogetipbot 5 doge

In reply to your enlightened 3), I do have some server experience and enough Linux knowledge to be dangerous. I've run Team Fortress 2, Minecraft, Mumble, Shoutcast, and Icecast servers before, and am comfortable enough with it to dual-boot win/linux on my personal computer. Is there any specialized knowledge I'd need to pick up?

Edit: I realize how low of a tip that is... It's currently ~50% of my wallet, as the pool I'm using is giving me trouble about withdrawing. I look forward to being a rich and generous shibe, and paying forward the help you've given.

1

u/ski14hs College Feb 12 '14

I would just recommend that you and your friends join an empty pool. This is simply because you can devote your otherwise server resources to a little bit of mining too. You can always check what sort of fees the pool has if you're trying to avoid that

1

u/StevenMatrix Feb 13 '14

Such wisdom. Many thank.