[uncensored-r/Bitcoin] Are Bitcoin pooling/mining groups still profitable?
The following post by SerraraFluttershy is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/73nhbw The original post's content was as follows:
I've been wanting to start mining this for a long time, however I don't know of any way to make at least ~0.5 BTC without costly amounts of hardware which I simply can't buy. Also, have people here heard of https://btcspinner.io/ ?
New to bitcoin pool mining, am I doing this right?
I am really more curious about BC than about actually making money. But if money comes around, I wouldn't complain. I've got a bitcoin wallet. I've downloaded and installed GUIminer, and registered on Slush's pool. Put in all the appropriate information, my worker ID and pass, etc. I've got it running for a few minutes, it says I have 26 shares. I am assuming, 26 shares of nothing if no coins are mined. Will I only bet parts of a Bitcoin, if slush's fund is successful in mining the 25 coins for that block? If so, how would I know it's successful, and how successful is Slush's fund? Sorry, I feel so newb.
Bitcoin Mining Pool UI / transaction escrow software idea, feedback and help appreciated!
I'm currently working on a project to do with bitcoins, basically, it gives a good UI for bitcoin pool mining and for searching them, as well as automatically escrowing the payout rewards, according to a fee ratio set by the pool owner. This software could also be used for escrowing direct paypal / credit card transactions for bitcoins, all within the software. I've made a mock-up image to explain what I mean, this can be found here: http://i.imgur.com/opdTJl8.jpg I would appreciate some feedback and or help in what I would need to set something like this up, thanks!
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