Post
Topic
Board Pools
Re: How profitable is it to operate a mining pool?
by
eleuthria
on 02/11/2013, 23:45:41 UTC
curious about some of the history; Answer if, or as you will any of the following:

would you comment on how much of the pool's hash rate is your own personal miners? How does BTCGuild's position as one of the top pools affect attacks? Are you confident the major pools out there are relatively secure (Re: 50BTC's recent tragedy)?

right around the 51% issue BTCGuild was facing, when the Avalon ASICS first appeared,  I noticed there was a user ASICMiner on your pool. then shortly after the ASICminer pool started showing up on the block origin rankings. was there any connection between ASICminer and BTCGuild? Were you involved in helping them set up their pool? Or was that 2 separate entities?

 

ASICMINER is a private mining company that developed the first mass production ASICs.  They used BTC Guild as their pool during initial deployment for stability.  I did not know who they were (that they were actually ASICMINER) until after the fact.  A similar situation happend with the "100TH" mining group.  They were using BTC Guild during initial testing/deployment.  Eventually those large companies have gone solo mining, which is expected when you're controlling a fairly large hashing power (although at this time I wouldn't be surprised if 100TH ends up joining a pool again due to how fast the network is growing).

My personal mining power is between 0 and 10 GH/s at the moment.  I've recently turned off my Avalon (batch 2) due to the profit over electricity being very low, just not worth the constant noise if generates while I'm working all day.