All About BTC, LTC, ETH mining as well as other alternative crypto currencies
Ethpool has launched a new mining pool for EThereum (ETH) with a more standard PPLNS mode for payment as with the increase of network hashrate and difficulty the payment method used by the original Ethpool is not very favourable for smaller miners. Ethermine is a direct successor of Ethpool. It provides the same level of mining efficiency and service as Ethpool, but pays out using the traditional and fair PPLNS mode. Payouts are instant and you will receive your Ether coins as soon as you reach a minimum balance of 1 ETH. The new pool supports Stratum mode using Stratum Proxy v0.0.5 by dwarfpool, Stratum mode using QtMiner and the more traditional Getwork mode using ethminer. The mining fee will is now reduced to 0% for the remaining week in order to make the new pool more attractive for users to switch to it, so you might want to give it a try.
Talkether is Ethereum’s first pool with a decentralized mining process according to the creators of the project. It is supposed to help secure the Ethereum network by decentralizing it more and also to help miners have higher mining rewards compared to other pools due to higher mining efficiency. The pool has a built-in failover since miners set their user id in the extradata of each block even in the improbable case of a server downtime each miner of a block (identified by the extradata in the block) will get full block reward.
During the closed alpha test of the pool that has finished recently, miners are reported to have experienced up to 20% higher rewards compared to the pools they used before. This is because there are no mining time losses for getting the work from the pool since each miner of the Talkether pool gets its work from his local node. The Talkether Ethereum mining pool is now open for registrations for everyone interested in trying it out, but do have in mind that it is still in beta with zero fees until the beta phase is over.
Like every other mining pool Talkether’s pool reduces the variance of the mining rewards of the pool miners. But instead of polling the work from a poolserver like in traditional pools, miners of the pool fetch the current work from their local node (you need the Geth client installed). A small java tool adjusts the block’s difficulty, sends mined share blocks over a secured connection to the Talkether share server and publishes all blocks on local node of the miners as well. The share server takes the share blocks, validates and saves them in the database. As all pool miners are mining in the Talkether’s pool etherbase, the high secured payout server manages payouts with the common PPLNS scheme.
Suddenly it became much easier to start your own mining pool for Ethereum or any of the forks that it already has thanks to Weipool who have released their full pool source code. You can find the source code of the pool backend, it is relying on geth as an Ethereum client as well as the source code of the pool frontend. Aside from the Geth Ethereum client the pool software needs Redis and Node.js, there isn’t much documentation available, but you should be able to quickly figure things out. The front-end is pretty basic, so you might want to make it a bit more prettier and more functional, but other than that you should be able to have a basic pool up and running in no time. You can visit Weipool for a working example of the code, unfortunately the pools itself has not managed to attract a lot of miners and keep them there, even though it was announced when there were not that much pools for Ethereum available.