2miner Pool

[Alarico Boyett]

YesI have tried that / differently than EU servers. Also, I have tried Static IP instead DHCP in HiveOS and set up my router accordingly. (it worked Static in the last month but with HiveOn)

Basically, nothing works just HiveOn. That is truly interesting! I cannot imagine any network issue here. But I have no idea what can cause these errors with any pool but hiveon.

2Miners is a mining pool for popular coins: ETH, RVN, ETC, XMR, ERGO, FIRO, CKB, and others. Servers are located in EU, US and ASIA. Solo mode is available for all the coins. Pool fee - 1%, Solo fee - 1.5%. No fee ETH pool payouts are available in BTC and NANO.

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Note: Because we use a MacBook Pro computer we needed to connect the iPollo to our local LAN using the Ethernet, but if you use a Windows computer, you may find the iPollo rig over the WiFi networks list in your PC.

Now that your mining rig is connected and powered, you have to find its IP address in your local LAN so you may access its app from your browser from your computer (your computer needs to be connected through ethernet cable or WiFi to the local LAN as well).

You must wait 5 to 10 minutes for your iPollo to talk to 2miners and establish a connection. After a while, you will see that the line in the chart will start to go up, increasing the hashrate that is pointing to your 2miners account. You will also see other stats such as the temperature of your machine, the RPM of the fan, and the current hashrate output of your iPollo.

As your iPollo ASIC miner is participating in a mining pool, you will get revenues according to its policies very soon as the pool goes producing blocks for ETC. You can check your account and balances in the URL shown below by entering your account as the extension (in this example we are showing the account we used for this example):

Ravencoin is a cryptocurrency that uses the X16R proof-of-work mining algorithm, comprising 16 different algorithms used randomly during the mining process. Its ASIC-resistant nature and popularity make it a preferred choice for miners.

Ravencoin mining is difficult for home rigs to succeed in solo mining due to its complexity. Joining a mining pool increases your chances of earning rewards by combining your hashing power with others in the pool.

It is essential to verify the pool's reputation, uptime, and user reviews. Additionally, choose pools with transparent fee structures and servers located closer to your geographical location to minimize latency. Always prioritize security and reliability when making your choice.

There are literally dozens of pools available for Ravencoin, but nearly all the hash rate is concentrated in the top three pools. The concentration of hash power is often seen as a concern, especially for those coins with lower market caps.

Suprnova.cc is well known and respected in the cryptocurrency community, which is why it is so popular for Ravencoin mining. Suprnova does require you to register, but only with your email address. However, once done you have a unified login that can used across nearly all of the other pools they operate (which is quite a few).

The fee is an average of 1% and they have servers located around the world, making this a suitable mining pool for anyone, no matter where they are located. There is a 100 RVN minimum payout, the pool supports CPU mining, and there is no registration required.

As competition heats up in the mining of RVN, so too will the difficulty in mining it. As more hash power joins the network, adjustments take place in order to account for it. This can only mean that solo home mining will become less practical and hence more reason for using one of the Ravencoin pools above.

In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. A "share" is awarded to members of the mining pool who present a valid partial proof-of-work. Mining in pools began when the difficulty for mining increased to the point where it could take centuries for slower miners to generate a block. The solution to this problem was for miners to pool their resources so they could generate blocks more quickly and therefore receive a portion of the block reward on a consistent basis, rather than randomly once every few years.[1][2]

Share is the principal concept of the mining pool operation. Share is a potential block solution. So it may be a block solution, but it is not necessarily so. For example, suppose a block solution is a number that ends with 10 zeros and, a share may be a number with 5 zeros at the end. Sooner or later one of the shares will have not only 5, but 10 zeros at the end, and this will be the block solution.

Mining pools may contain hundreds or thousands of miners using specialized protocols.[4] In all these schemes B \displaystyle B stands for a block reward minus pool fee and p \displaystyle p is a probability of finding a block in a share attempt ( p = 1 / D \displaystyle p=1/D , where D \displaystyle D is current block difficulty). A pool can support "variable share difficulty" feature, which means that a miner can select the share target (the lower bound of share difficulty) on their own and change p \displaystyle p accordingly.

The Pay-per-Share (PPS) approach offers an instant, guaranteed payout to a miner for their contribution to the probability that the pool finds a block. Miners are paid out from the pool's existing balance and can withdraw their payout immediately. This model allows for the least possible variance in payment for miners while also transferring much of the risk to the pool's operator.

Pooled mining (BPM), also known as "slush's system", due to its first use on a pool called "slush's pool', uses a system where older shares from the beginning of a block round are given less weight than more recent shares. A new round starts the moment the pool solves a block and miners are rewarded Proportional to the shares submitted.[5] This reduces the ability to cheat the mining pool system by switching pools during a round, to maximize profit.

Pay-per-last-N-shares (PPLNS) method is similar to Proportional, but the miner's reward is calculated on a basis of N last shares, instead of all shares for the last round. It means that when a block is found, the reward of each miner is calculated based on the miner contribution to the last N pool shares. Therefore, if the round was short enough all miners get more profit and vice versa.

Solo pools operate the same way as usual pools, with the only difference being that block reward is not distributed among all miners. The entire reward in a solo pool goes to the miner who finds the block.

Peer-to-peer mining pool (P2Pool) decentralizes the responsibilities of a pool server, removing the chance of the pool operator cheating or the server being a single point of failure. Miners work on a side blockchain called a share chain, mining at a lower difficulty at a rate of one share block per 30 seconds. Once a share block reaches the network target, it is transmitted and merged onto the blockchain. Miners are rewarded when this occurs proportional to the shares submitted prior to the target block. A P2Pool requires the miners to run a full node, bearing the weight of hardware expenses and network bandwidth.[5][6]

Geometric Method (GM) was invented by Meni Rosenfeld.[7] It is based on the same "score" idea, as Slush's method: the score granted for every new share, relatively to already existing score and the score of future shares, is always the same, thus there is no advantage to mining early or late in the round.

Generalized version of Geometric and PPLNS methods.[7] It involves new parameter: o \displaystyle o ("cross-round leakage"). When o = 0 \displaystyle o=0 this becomes the Geometric method. When o = 1 \displaystyle o=1 this becomes a variant of PPLNS, with exponential decay instead of a step function.

Usually, the blocks in the cryptocurrency network contain transactions. Transaction fees are paid to the miner (mining pool). Different mining pools could share these fees between their miners or not. Pay-per-last-N-shares (PPLNS), Pay-Per-Share Plus (PPS+) or Full Pay-Per-Share (FPPS) are the most fair methods where the payouts from the pool include not only the block subsidy but also the transaction fees.[citation needed]

Multipools switch between different altcoins and constantly calculate which coin is at that moment the most profitable to mine. Two key factors are involved in the algorithm that calculates profitability, the block time, and the price on the exchanges. To avoid the need for many different wallets for all possible minable coins, multipools may automatically exchange the mined coin to a coin that is accepted in the mainstream (for example bitcoin). Using this method, because the most profitable coins are being mined and then sold for the intended coin, it is possible to receive more coins in the intended currency than by mining that currency alone. This method also increases demand on the intended coin, which has the side effect of increasing or stabilizing the value of the intended coin.[8]

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