Bitcoin Forum

~3500mh/s online for the next 14 days. This puts average time to find a block at ~40 days.

If we could get another 6.5 gh/s  --- we could bring our average time to find a block down to 14 days. C'mon folks, lets get it done.

~3500mh/s online for the next 14 days. This puts average time to find a block at ~40 days.

If we could get another 6.5 gh/s  --- we could bring our average time to find a block down to 14 days. C'mon folks, lets get it done.

Noticed a 2.5gh/s discrepency between the pool owners hashing numbers and reported statistics. I'm out.

example at this time:

overall network statistics reports: 4080 mh/s for the pool. You're listed on top hashers this round ~90 mh/s.

Last round lists your total shares at aprox 2600 thats in the 1000 mh/s range.

-----

If it turns out buggy I'll retract my prev post. What's your actual hash rate?

actually that sounds normal pool guesses hash rate based on submitted shares or getwork rate... and both can vary.

So what I'm not understanding is... when I'm at ~3500 mh/s and another user is at ~3500 mh/s and our shares are in the 8000 to 9000 range... meanwhile your shares are close to 2500 and you're only hashing at 60mh/s

My first reaction was, that you've somehow inflated your shares.

OK i joined  ;)

Thanks bro

btw when will we find a block lol

<Graet> ;;bc,calc 2400000
<gribble> The average time to generate a block at 2400000 Khps, given current difficulty of 2864140.507811 , is 8 weeks, 3 days, 7 hours, 46 minutes, and 19 seconds

when you find a block the hoppers will come for 43% of the next block then leave the "regular" miners to finish it off.
Proportional is a flawed payout system that is exploited by "strategic miners" and "regular miners" lose out
It is well documented in these forums.

https://bitcoil.co.il/pool_summary.pdf
https://bitcoil.co.il/pool_analysis.pdf
should be required reading for anyone considering opening a pool :)

:(

In terms of the time currently where it sits, though the hoppers may take care of the other 43%, by the time the current block is found, ASIC's will be released which would change the aspect of all pooled mining besides PPS and PPLNS, so as of right now with that time frame, proportional isn't a flawed system as that documentation will be outdated within a few months.

Also, with the new website update, we'll be able to reward users using a double Geometric standard, which I do believe you also use.  Again, yes, this is my first non P2Pool server I've been running, there are some learning curves that we will be adjusting to.  Potentially outdated required reading material already has been browsed, but again, a lot of this will possibly change in the next few months due to ASIC's along with us changing our reward system as well.

The first and foremost important thing on our pool is that we're upgrading our website along with our reward system and potentially adding a PPS service on top of this all.  I may be, "late in the game" for opening a pool, but the more pools that are available the more decentralized Bitcoin will be.

There's a lot of variable that will change and for the fact that the documentation provided is over a year old, I find it hard to rely on those statistics when so many things have/will change over the course of the past year and the next few months to come.

:(

I trust you're not going to be changing the reward system mid-round?  ;)

At this moment, you are a hopper - this early in a round the shares have a higher expected yield.
My mining at all at this point is however a gamble that gibbyd-btc can find enough miners to actually solve a block in some reasonable timeframe... I'll be turning off at 100k shares.

Currently at 5.5GH/s it's time frame is:

Average  20 days, 8 hours, 9 minutes
50%   14 days, 2 hours, 21 minutes
95%   60 days, 22 hours, 23 minutes

So a MAXIMUM is ~61 days, while our average is going to be ~20.5 days at 7GH/s which we have been doing with proper miners on, not on top of if we get more hashing power.  Once this current round is over and payouts are made, will be when we update our system to reflect new payouts and reward system on a more fair payout schedule.

Now work out the timeframe if I leave  :D

I'm just saying, you need to find some way to promote this pool - once you get 100Gh/s or so on board so long as you have reasonable stability and sensible fees/reward methods then things tend to stay pretty stable  :)

If you do some kind of giveaway (like the race weekends at bitminter) then you might end up with a bunch more people on board...

It's all planned for incentives on mining with us.  Even at a 0.5% fee, you'd think that I was trying to rob people blind of their money.  My server bill is $110/month, which, I personally don't want to pay for straight out of my own pocket forever.  I'm willing to do that for sometime, but eventually I would like some sort of ROI on my investment of running the pool (to merely pay for the server itself) and additional allocations would go to incentives and other pool services.

This pool is literally brand new and the fact that it seems we're growing fairly well daily is a good sign.  Eventually with some other payout systems fees will be incurred, but at a reasonable rate and competitive, but I don't plan to ever make this a get rich money making service.  I like to give diversity to other pools running so that things are more equal and there are things coming up in the near future that will support all of this.

I'm glad to have you with us, you do provide a great deal of hashing power, however, if you stay or go it reflects me financially in neither way, since there is no fees incurred; so I do understand if you have to jump ship at some point so that you're making money yourself.

Outside of spamming the forums, I am open to suggestions on advertising it.  I have two threads open, one in pools and one in the newbies area.  Again, I'm always open to suggestions!

Offer a small reward to the finders of the first few blocks? You'll take a slight hit financially, but if people stick around and later pay a couple of percent in fees then it could be worthwhile.
Alternatively you could try offering PPS at a reasonable fee for now and go DGM or something later - people don't mind mining at small pools if they get straight PPS anyway...

I'm actually working on it as we speak.  As a result though, the proportional system is still working if you still want to mine, however I've detached the front end from the MySQL database, so the graphs and statistics are not going to show up properly.

The shares ARE being logged still in MySQL, but while I'm working on the code it will not display for the time being, but will be back up soon and your correct shares will show once I have completed it.

In terms of the time currently where it sits, though the hoppers may take care of the other 43%, by the time the current block is found, ASIC's will be released which would change the aspect of all pooled mining besides PPS and PPLNS, so as of right now with that time frame, proportional isn't a flawed system as that documentation will be outdated within a few months.

Also, with the new website update, we'll be able to reward users using a double Geometric standard, which I do believe you also use.  Again, yes, this is my first non P2Pool server I've been running, there are some learning curves that we will be adjusting to.  Potentially outdated required reading material already has been browsed, but again, a lot of this will possibly change in the next few months due to ASIC's along with us changing our reward system as well.

The first and foremost important thing on our pool is that we're upgrading our website along with our reward system and potentially adding a PPS service on top of this all.  I may be, "late in the game" for opening a pool, but the more pools that are available the more decentralized Bitcoin will be.

There's a lot of variable that will change and for the fact that the documentation provided is over a year old, I find it hard to rely on those statistics when so many things have/will change over the course of the past year and the next few months to come.

Yes.  Thanks for the information, I didn't realize it was going to be so flawed.  But working to making a somewhat unique pay system.

+1 to you sir!

Work faster!!!

I want a better pool to mine at =P



Come to think of it - if you need a code monkey (or even a partner) I'd be happy to donate my time or buy into the operation. I have a few real assets I could commit to operational stability... like 100mb down 50up connection and a (soon to be) empty server.

I'm working, I swear!!! :P

I'm coding as fast as possible, and nothing against you personally, it's just I don't like coding over someone else's code all that much.  I have enough coding from other people to deal with as is, so, adding to it will be more than I'd really want to do.

Perhaps when I get done, I can give you mod on our forums, which also needs to be put up still.  If you like coding, you can mess around with Xenforo and change the styling, etc.. Plus, I need to get to know you of course ;)

But I promise, I'm working as quickly as possible!

Current Breaks:
-1 Coffee per 45 minutes.
-1 Cigarette per 3 hours.
-1 Bathroom break per day (MOM BATHROOM!) :P j/k had to throw that one in there :D
-0 Sleep breaks per day. :P

FYI:

New users to the pool, please just use your Bitcoin address and whatever password you want for your username/password combo for now, it will accept it without registering.
Thanks

Interesting. Will you be processing payments whenever a block is found for all those addresses?

In terms of the time currently where it sits, though the hoppers may take care of the other 43%, by the time the current block is found, ASIC's will be released which would change the aspect of all pooled mining besides PPS and PPLNS, so as of right now with that time frame, proportional isn't a flawed system as that documentation will be outdated within a few months.

Please provide some evidence for this assertion.  I'm thinking you may not understand any of the reward systems or how they work if you believe this to be the case.

Any chance of site stats going live again?

That's a new goal for today.  I want to at least show the shares being displayed at the bare minimum by the end of today.

I've reverted back to the old front end for the time being.  It seems to be operational, for the most part.  Taking a small break for a little bit ;)

Share counts still don't seem to be up to date.