Bitminter – bitcoin mining pool

Posted: August 24, 2015 at 9:44 pm

Getting Started 2. Bitminter client: Hit the start button to start Bitminter client. You get bitcoins for the work it does. Works on Windows, Linux and Mac. Requires updated Java.

Other clients: bfgminer, cgminer, etc. Connect to the pool at stratum+tcp://mint.bitminter.com:3333. As user name put your Bitminter user name, an underscore, then a worker name, e.g. DrHaribo_asic3. In case you have firewall issues, port 443 and 5050 (Stratum) are also available. There is no password check, any password is accepted.

Your work is recorded in shifts. When we create a new block you get a share of the income proportional to how much of the work in the last 10 completed shifts is yours. This reward system is known as PPLNS with shifts. There is a 1% fee on mining income. Additional donations are optional but will unlock various perks.

Not only new coins are paid out but also income from transaction fees. To increase income further we also generate namecoins, which take no extra effort. You can read more about namecoins at namecoin.info.

Bitcoin is a digital currency. You can use bitcoins to pay for goods and services and there are exchanges where you can buy and sell bitcoins. There is no central bank and anyone can make new coins. Coins are created at a controlled rate and there will never be more than 21 million coins. Watch this video for an introduction:

See original here:
Bitminter - bitcoin mining pool

Related Posts