We present a general form of Renormalization operator $\mathcal{R}$ acting on potentials $V:\{0,1\}^\mathbb{N} \to \mathbb{R}$. We exhibit the analytical expression of the fixed point potential $V$ for such operator $\mathcal{R}$. This potential can be expressed in a naturally way in terms of a certain integral over the Hausdorff probability on a Cantor type set on the interval $[0,1]$. This result generalizes a previous one by A. Baraviera, R. Leplaideur and A. Lopes where the fixed point potential $V$ was of Hofbauer type. For the potentials of Hofbauer type (a well known case of phase transition) the decay is like $n^{-γ}$, $γ>0$. Among other things we present the estimation of the decay of correlation of the equilibrium probability associated to the fixed potential $V$ of our general renormalization procedure. In some cases we get polynomial decay like $n^{-γ}$, $γ>0$, and in others a decay faster than $n \,e^{ -\, \sqrt{n}}$, when $n \to \infty$. The potentials $g$ we consider here are elements of the so called family of Walters potentials on $\{0,1\}^\mathbb{N} $ which generalizes the potentials considered initially by F. Hofbauer. For these potentials some explicit expressions for the eigenfunctions are known. In a final section we also show that given any choice $d_n \to 0$ of real numbers varying with $n \in \mathbb{N}$ there exist a potential $g$ on the class defined by Walters which has a invariant probability with such numbers as the coefficients of correlation (for a certain explicit observable function).