Whitepaper - Ethereum Classic With Cover
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<strong>Ethereum</strong> <strong>Classic</strong> Documentation, Release 0.1<br />
• Now make sure geth has finished syncing the blockchain. If it is not syncing any longer, you can start the<br />
mining process by typing ethminer -G at the command prompt<br />
At this point some problems may appear. If you get an error, you can abort the miner by pressing Ctrl+C. If the<br />
error says “Insufficient Memory”, your GPU does not have enough memory to mine ether.<br />
1.6.5 Pool mining<br />
Mining pools are cooperatives that aim to smooth out expected revenue by pooling the mining power of participating<br />
miners. In return, they usually charge you 0-5% of your mining rewards. The mining pool submits blocks with<br />
proof of work from a central account and redistributes the reward to participants in proportion to their contributed<br />
mining power.<br />
Warning: Most mining pools involve third party, central components which means they are not trustless.<br />
In other words, pool operators can run away with your earnings. Act with caution. There are a number of<br />
trustless, decentralised pools with open source codebase.<br />
Warning: Mining pools only outsource proof of work calculation, they do not validate blocks or run the VM<br />
to check state transitions brought about by executing the transactions. This effectively make pools behave like<br />
single nodes in terms of security, so their growth poses a centralisation risk of a 51% attack. Make sure you<br />
follow the network capacity distribution and do not allow pools to grow too large.<br />
Mining pools<br />
• coinotron<br />
• nanopool<br />
• ethpool - Predictable solo mining, unconventional payout scheme, affiliated with etherchain.org.<br />
• supernova<br />
• coinmine.pl<br />
• eth.pp.ua<br />
• talkether - Unconventional payout scheme, partially decentralized<br />
• weipool<br />
• ethereumpool<br />
• pooleum<br />
• alphapool<br />
• cryptopool<br />
• unitedminers<br />
• dwarfpool - Try to avoid this (currently over 50% of the network)<br />
• laintimes - Discontinued<br />
1.6.6 Mining resources<br />
• Top miners of last 24h on etherchain<br />
• pool hashrate distribution for august 2015<br />
• Unmaintained list of pools on Forum<br />
• Mining profitability calculator on cryptocompare<br />
72 Chapter 1. Contents