This a step by step guide on how to setup your own Ethereum Mining Pool. This guide is going over how to setup an ethereum pool using open source ethereum pool software. This is meant to setup a mining pool for a SINGLE CRYPTO CURRENCY. Json rpc server bitcoin mining this guide purpose we I will be using Ethereum Crypto Currency .
At this point you should have your VPS started, putty up and running and your logged in as root. You should have a response with the version. NGINX starts automatically on port 80. This is all that needs to be competed at this step. NPM and NODE Install Install using this guide provided . Let’s create a user for your mining pool. Login to ssh using putty as root.
You’ll be prompted for a password, please use a password that is different from your root password. The other info it asks for you can either fill out or just leave blank and hit enter. Now let’s setup the coin daemon, I will be using Ethereum. The frontend is a single-page Ember. Also don’t forget to adjust other options.
Configuration is actually simple, just read it twice and think twice before changing defaults. Don’t copy config directly from this manual. It’s tricky to make it right and secure. Should save electricity to miners if pool is sick and they didn’t set up failovers. Mark pool sick after this number of redis failures. Only redis writeable slave will work properly if you are distributing using redis slaves. Usually all modules should share same redis instance.
List of geth nodes to poll for new jobs. Current block template of the pool is always cached in RAM indeed. If you liked this guide, please donate to me as well! Home Welcome to the Documentation of Oraclize! Background Oraclize is the leading oracle service for smart contracts and blockchain applications, serving thousands of requests every day on Ethereum, Bitcoin and Rootstock.
In the blockchain space, an oracle is a party which provides data. But to rely on a new trusted intermediary, the oracle in this case, it would be betraying the security and reduced-trust model of blockchain applications: which is what makes them interesting and useful in first place. One solution is to accept data inputs from more than one untrusted or partially trusted party and then execute the data-dependent action only after a number of them have provided the same answer or an answer within some constrains. This type of system can be considered a decentralized oracle system. It is inherently inefficient: all the parties participating will require a fee and, for every request, it will take time before reaching a sufficient number of answers. The solution developed by Oraclize is instead to demonstrate that the data fetched from the original data-source is genuine and untampered. This is accomplished by accompanying the returned data together with a document called authenticity proof.
The authenticity proofs can build upon different technologies such as auditable virtual machines and Trusted Execution Environments. A more detailed overview of Oraclize authenticity proofs is provided in the Authenticity Proofs section of this documentation. Data providers don’t have to modify their services in order to be compatible with blockchain protocols. Smart contracts can directly access data from Web sites or APIs. Oraclize engine can be easily integrated with both private and public instances of different blockchain protocols. While building the service, the Oraclize team has realized that the concept of authenticity proofs has much broader applicability that initially envisioned.
General Concepts Oraclize is integrated with a number of blockchain protocols and its service is useful and accessible also for non-blockchain applications. In the following section, general concepts which apply to all integrations will be explained. Oraclize Engine The Oraclize Engine powers the service for both blockchain-based and non-blockchain-based application. Internally replicates an “If This Then That” logical model. This means that it will execute a given set of instructions if some other given conditions are met.
For example, it could repeatedly verify a condition and only return data or perform an action when the condition has been met. Data Source Types A data source is a trusted provider of data. It can be a website or web API such as Reuters, Weather. The first parameter is the main argument and it is usually mandatory. For example, in the case of the URL Data Source Type, the first argument is the expected URL where the resource resides. If only the first argument is present, then the URL Data Source assumes that an HTTP GET was requested.