<p>If you want to create your own pool I would suggest creating your own p2pool node. Not only do you get all of your own blocks but you get a small percentage of any shares the public might add that contribute to blocks.</p>

CC BY-SA 3.0
2014-07-02T09:14:37.123Z
P2Pool doesn't work like that. You contribute shares to a distributed p2p pool and get paid when the pool find a block. Also, instead of start their own node, the public can mine on someone else's node. The node owner can charge a fee.
Bardi Harborow
CC BY-SA 3.0
2014-07-01T01:28:11.673Z
2014-07-01T01:28:11.673Z
George
<p>welcome to bitcoin stack exchange.</p>

<p>its generally frowned upon to ask for entire walkthroughs of large projects. It's suggested that you instead make some attempt at the problem first, and state what you have done.</p>

<p>To answer the question in the title of your post, yes, you will find a block every 6-10 days with 18 TH/s depending on the increase in difficulty by then (currently you would find one every 4 days). You can better project the time taken by consulting a chart on difficulty. That is still a fair amount of luck though, so if you are risk averse it would benefit you to join a pool.</p>

CC BY-SA 3.0
2014-01-11T21:57:17.110Z
Thank you for your response; it's greatly appreciated.  It seem that the difficulty will increase significantly once KnC's new 3 TH/s miners hit the market.
user12068
CC BY-SA 3.0
2014-01-11T14:39:13.567Z
2014-01-11T14:39:13.567Z
hedgedandlevered
<p>Well im looking for the answer myself,    however the calculations  don't seem to promising ,  here is what i have</p>

<p>bitman power is  465.81 PH/s  (460000000000000)
my power atm is 4.5 TH    (4500000000)</p>

<p>4500000000 / 460000000000000 = 102222.22<br>
102222.22 X more powerful than me</p>

<p>there average mine is 1 hour  ...  and what they do in an hour would take me 4259.26 Days </p>

<p>If my calculations are correct..</p>

<p>but they have mined some blocks in 4 mins,  which should take me 284 days
i cant see how we can actually mine a block with these statistics...</p>

CC BY-SA 3.0
2016-12-23T10:05:18.093Z
-1 This answer is not useful. It only addresses a small portion of the asker's question and doesn't provide new insights. – Your hash rate is a quarter of the asker's which three year's ago was deemed to be insufficient to provide reliable payouts.
Murch
CC BY-SA 3.0
2016-12-22T01:59:28.913Z
2016-12-22T01:59:28.913Z
Cyford Technologies LLC
<p>I'm thinking of developing a mining pool for myself and close friends.  I realize that there are large pools like BTC Guild, Slush, etc. that we could join, but I like the idea of creating my own.</p>

<p>I'm taking delivery of 6 Neptune miners from KnC in Q2 that will give me 18 TH/s.  I know that's not a great deal, but it's a start...and my friends will add their own computing power as well.    </p>

<p>To be honest, I'm not a "technical" kinda guy; I'm a business man.  So here's my question(s):</p>

<p>1) How would I go about developing a pool and handle automatic payouts?
2) How could I create a dashboard that allows my friends (and maybe one day the public) to see their mining activity?</p>

<p>I appreciate and look forward to your responses. </p>

CC BY-SA 3.0
2014-01-12T00:16:19.937Z
You can start a pool with any amount of hash power, all you really need is a server and maybe a website.
John T
CC BY-SA 3.0
2014-02-10T16:43:10.780Z
In the long run, you'd earn much more money building your own pool (even if nobody but you mines in it) than joining an already existing pool: pool managers take a fee off the fees and block earnings, whereas in your own pool you'd get both for yourself. In the short term, of course, it's a probabilistic event - you could have periods of several days (even weeks!) with no earnings at all, as well as lucky bursts of finding several ones in a short time space. Joining a big pool would provide you a much more constant flow of money, though smaller in the long term.
Joe Pineda
<mining-pools>
Is 18 TH/s Enough to Start My Own Pool?
user12068
# Is 18 TH/s Enough to Start My Own Pool?

(Asked by: username_0 on 2014-01-11)

I'm thinking of developing a mining pool for myself and close friends. I realize that there are large pools like BTC Guild, Slush, etc. that we could join, but I like the idea of creating my own.

I'm taking delivery of 6 Neptune miners from KnC in Q2 that will give me 18 TH/s. I know that's not a great deal, but it's a start...and my friends will add their own computing power as well.

To be honest, I'm not a "technical" kinda guy; I'm a business man. So here's my question(s):

1) How would I go about developing a pool and handle automatic payouts?
2) How could I create a dashboard that allows my friends (and maybe one day the public) to see their mining activity?

I appreciate and look forward to your responses.

**Tags:** mining-pools

> **Comments:**
> **username_1**: You can start a pool with any amount of hash power, all you really need is a server and maybe a website.  
> **username_2**: In the long run, you'd earn much more money building your own pool (even if nobody but you mines in it) than joining an already existing pool: pool managers take a fee off the fees and block earnings, whereas in your own pool you'd get both for yourself. In the short term, of course, it's a probabilistic event - you could have periods of several days (even weeks!) with no earnings at all, as well as lucky bursts of finding several ones in a short time space. Joining a big pool would provide you a much more constant flow of money, though smaller in the long term.  

---

## 3 answers

### Answer by username_3 on 2014-07-01. Score: 0

If you want to create your own pool I would suggest creating your own p2pool node. Not only do you get all of your own blocks but you get a small percentage of any shares the public might add that contribute to blocks.

> **Comments:**
> **username_4**: P2Pool doesn't work like that. You contribute shares to a distributed p2p pool and get paid when the pool find a block. Also, instead of start their own node, the public can mine on someone else's node. The node owner can charge a fee.  

---

### Answer by username_5 on 2014-01-11. Score: 0

welcome to bitcoin stack exchange.

its generally frowned upon to ask for entire walkthroughs of large projects. It's suggested that you instead make some attempt at the problem first, and state what you have done.

To answer the question in the title of your post, yes, you will find a block every 6-10 days with 18 TH/s depending on the increase in difficulty by then (currently you would find one every 4 days). You can better project the time taken by consulting a chart on difficulty. That is still a fair amount of luck though, so if you are risk averse it would benefit you to join a pool.

> **Comments:**
> **username_0**: Thank you for your response; it's greatly appreciated.  It seem that the difficulty will increase significantly once KnC's new 3 TH/s miners hit the market.  

---

### Answer by username_6 on 2016-12-22. Score: -1

Well im looking for the answer myself, however the calculations don't seem to promising , here is what i have

bitman power is 465.81 PH/s (460000000000000)
my power atm is 4.5 TH (4500000000)

4500000000 / 460000000000000 = 102222.22  
102222.22 X more powerful than me

there average mine is 1 hour ... and what they do in an hour would take me 4259.26 Days

If my calculations are correct..

but they have mined some blocks in 4 mins, which should take me 284 days
i cant see how we can actually mine a block with these statistics...

> **Comments:**
> **username_7**: -1 This answer is not useful. It only addresses a small portion of the asker's question and doesn't provide new insights. – Your hash rate is a quarter of the asker's which three year's ago was deemed to be insufficient to provide reliable payouts.  

---

