MineBitShares - FAQ
MineBitShares is the BitUSD multi-pool that aims to be the most profitable multi-pool with 0% fees and 5%+ bonus payouts for every miner, every day.What Are BitShares And BitUSD?
BitShares is the world's first decentralized exchange for crypto-currency, that allows you to trade in dollars, gold, bitcoin, and more without counterparty risk.
BitUSD is one the currencies or BitAssets of BitShares, similar to Bitcoin but with USD parity and pays interest.
1 BitUSD will always be able to traded for 1 USD worth of Bitcoin, and while you own it, it'll be earning interest for you .
There are many other BitAssets, such as CNY, Silver, Gold and even BTC.I Heard You Can’t Mine BitUSD, So How Does The Pool Work?
MineBitShares is known as a profit switching multi-pool, we use your mining power to mine traditional proof-of-work based crypto-currencies which we then exchange for auto payouts to you in bitUSD.
We're constantly analyzing which coin is the most profitable coin to mine, and switch your mining power to that coin ensuring we're maximising your profits.
BitShares itself can't be mined in the traditonal sense, as is uses an advanced form of proof-of-stake - DPOS, allowing near instant transfers and very efficient network security.How Do You Intend To Be The Most Profitable Multi-Pool? Where Can I Compare?
It's simple really, all other multi-pool's charge a fee for mining at their pool, we dont!On top of that we also payout at least a bonus on top of every miners daily earnings
We also publish the daily profitability for the pool http://pool.minebitshares.com/roundstats
both in bitUSD/MH/Day and BTC/MH/Day. This allows you to compare our profitability with other multi-pools. At the moment, we're consistently the most profitable on many days - our aim is to be the most profitable EVERY day!
You can estimate your daily earnings by multiplying the daily profitability in bitUSD/MH/Day by the total MH of you your mining rig.
We're able to support a 0% pool fee and yet pay our bills because of the BitShares delegate system, where holders of BitShares vote for projects and funding that provide services to help with BitShares adoption.
It's a WIN-WIN, miners get the most profit from their mining rigs and we get to tell the world about BitShares and BitAssets.Sounds Great. How Do I Get Started?
Easy, there is no pool registration required, just follow these simple steps... Step 1
Follow the BitShares.org guide (https://bitshares.org/how-it-works
) to getting started with the BitShares client and to register your account with some free bitshares Step 2
Configure your miner using the pool settings displayed by clicking the 'Scrypt Connection Info' or 'X11 Connection Info' on the Pool Overview (http://pool.minebitshares.com
) page or download our pre-configured sgminer.conf (http://pool.minebitshares.com/static/assets/sgminer.conf
) miner settings file Step 3
If your mining using the X11 algo, follow the X11 70% Mining Boost step-by-step guide (http://pool.minebitshares.com/x11boost
) to make sure your maximizing your hashrate and profitability Step 4
Follow @minebitshares on twitter (https://twitter.com/minebitshares
) to keep up with regular pool updates and tipsStep 5
And consider supporting pool development by voting for the pool's BitShares delegate minebitshares-reloaded (http://bitsharesblocks.com/delegate/votes?name=minebitshares-reloaded
Now sit back, relax, and watch the daily BitUSD payouts appear in your BitShares client!What are the pool stratum ports?
Scrypt mining (General) : stratum+tcp://usd.minebitshares.com:4444
Scrypt mining (high diff): stratum+tcp://usd.minebitshares.com:4445
Scrypt mining ( ASIC/TITAN fixed diff): stratum+tcp://usd.minebitshares.com:4446
Example Scrypt command line (remember to change to your BTS key):
sgminer -o stratum+tcp://usd.minebitshares.com:4444 -u BTS6LntkCfDLvwPrr13az5kYmivVYnJrSA7pmNF9kxNFFjeMqDgE7 -p x --kernel ckolivas -I 19 --no-submit-stale
X11 mining (General) : stratum+tcp://usd.minebitshares.com:5555
X11 mining (high diff) : stratum+tcp://usd.minebitshares.com:5556
X11 mining (fixed diff) : stratum+tcp://usd.minebitshares.com:5557
Example x11 command line (remember to change to your BTS key:
sgminer -o stratum+tcp://usd.minebitshares.com:5555 -u BTS6LntkCfDLvwPrr13az5kYmivVYnJrSA7pmNF9kxNFFjeMqDgE7 -p x --kernel darkcoin-mod -I 19 -w 64 --no-submit-staleHow Are Miners Rewared And How Often Are Payments Made?
MineBitShares credits miners for every share, so every submitted miner share is counted toward payments. Daily bonuses are paid to all miners in proportion to their contribution of shares.
Payouts occur every day usually around 14:00:00 UTC and are detailed along with the BitShares network txid in the Payout Detail (http://pool.minebitshares.com/payouts)
You can also confirm the payment transactions on the BitShares blockchain at BitSharesBlocks (http://bitsharesblocks.com/blocks
) by entering your payout transaction idWhere Can I Exchange My Hard Earned BitUSD?
You can find out the most current list of BitUSD markets at CoinMarketCap BitUSD listing (http://coinmarketcap.com/assets/bitusd/#markets
) I've Got More Questions, Where Can I Go For Help?
Post your questions in the MineBitShares thread (https://bitsharestalk.org/index.php?board=87.0
) at BitSharesTalk.org