Bitcoin Forum

subject says it all.

if you say so  ;D

Here we go again.  LOL

Orphans are built into GLD coin when multi-pools switch and send a ton of hash.  You can't strip-mine GLD and get away with it.

It is a self-defense mechanism built into the difficulty algo.   

Smarterhash ranted about the wallet being broken and stuff under this GLD coin topic:

https://bitcointalk.org/index.php?topic=317568.msg12059237#msg12059237

I guess he didn't like the response he got there...

I've mined GLD on hash-to-coins with very few orphan issues -- but I also mine it when most people do not.

May I ask how much power your rig has? I have four Blizzards clocking 1.4 mh each, an X6 Thunder 20 Mh and an X6 Lightning 40 Mh. Back in Feb and March I mined Gold(NO)coin at coinmine.pw , a very nice pool that you could use auto or manual to , as you say, not follow the herd.......and a small P2pool that seemed to produce a little more rewards. At the time I only had the Blizzards and the Thunder. I never used coinmine in auto and shunned those style pools. Coinmine gives quite alot of info to choose what coin to mine there and they are quite often changing what pools they offer when one starts to fade.

About the time I bought the 40 Mh X6 Lightning and the additional hash it gave me I decided , after thorough research, to join Smarterhash (they were offering a 30 day guarantee at the time) and gaining the additional insight of the info it offers. It is NOT an auto pool.....please read that again because you seem to have a huge misunderstanding of just what  Smarterhash is and how it works.

It opened my eyes to the wild differences in how a coin generates blocks, how net work hash varies and how difficulty is so fluid. I have full MANUAL control over what ....and might I add WHERE I mine. Yes there are pools at SH , but they also provide the same info on selected coins that they have no pool for .I  can also mine a coin they do have a pool for....say, goldcoin anywhere I want to.Whether it is on another pool of any type, dedicated, P2Pool, auto...or even solo. it's my info to use how I see fit.

They offer no pool for Einsteinium (one of my old favs.....but they provide info on it and if I see it starting to throw blocks, its a simple matter to send some of my hash to an old pool I used to use for it since I use CGWatcher and CGRemote as well.

It's MY CHOICE is the point and only mine what I do. Oh, and yes if I want to put together "triggers" based on various criteria to make a change in where I'm mining on the SH pool group I can. These are one time, throw away  rules and actions that still require my staying on top of my miners and coins much as you are when you're manually switching to GLD when you notice the others not mining it. That's about as close to an "autoswitching" pool as SH and their pools gets.

I see no difference AT ALL in what I'm doing and what you're doing. I simply have much, much more information that's very up to the minute.

Before this last wallet update GLD had literally died from very slow block releases and confirms...it took DAYS for coins to confirm and transfer.
After they finally got the wallet sort of working, block times and confirms improved but, the orphan issue raised its head.

I explored mining the Smarterhash pool, the coinime.pw pool and my little friendly P2pool with every combination of miner i have looking for a solution. Just the Blizzards, just the Thunder X6 or all three. Results were anywhere from 25% to 80% orphans.

So there you go, dispute it if you like. But not only has coinmine.pw pulled their GLD pool (not that I miss a full blown auto-switchi pool getting off the network) , but my friendly GLD P2Pool has dropped in its payout a ton, and Smarterhash GLD pool is being shunned by the miners that are members there becasue of the orphans. Just last night I ran my 65 Mh there with no one else mining and made a whopping 17 cents in 12 hours  since I had only one block and a shitload of orphans.
I see you fav pool is actually exceeding the network hash rate and its a true auto switcher that you can set manual much like coinmine.pw.

It appears to me goldcoin is heading for extinction with not enough miners to keep it going.
I was moderated out of the GLD thread since they don't like hearing anything is wrong with how they run their coin.
So no big deal, we all mine our favorites. When I started back in 2013 there was a tenth of the coins today....many have come and gone or grown.

Your coming here, I welcome because I can answer directly, without fear of moderation, your comments and misunderstanding of the group I mine with. In fact, if you're a REAL miner, with a little bit of hash (we have several with only 10 Mh) or alot (some have hundreds) I have no doubt you'd be mining there with us if you understood what it can do for you.

I was stunned when I realized how much I was mining thin air while I overlooked what you call "opportunties" elsewhere.
Please don't knock it unless you've tried it.

The people complaining about GLD coin seemed to be those with small amounts of Scrypt hash and those that don't use the Hash-to-Coins pool.

When I mine GLD coin I use at least 200Mh/s to 400Mh/s at a time.  I have a farm that generates up to 2.8Gh/s of Scrypt hashing power right now.  Some are pointed at one or two public pools, while others are solo mining.

YES -- we are all aware of Smarterhash and the great data and pretty charts it generates...  as well as the triggers, switches, yada yada yada.

This just sounds like another advertisement for Smarterhash - the paid service.  

As anyone knows -- the pool that has the majority hash will always receive the minority of orphans.  So perhaps you are choosing the wrong pools to mine GLD.

I remember when the owner of LifeforcePools (now Smarterhash) was complaining about all the orphans for 42coin.  Funny - Hash-to-Coins did not have that issue --- WHY?  Because they had the majority of the net hash by several factors.

Oh and by the way --- I had a membership to Smarterhash as I was curious -- but then I was critical of how SONG coin was handled by the owner and also critical about the Hashra Astros being vaporware.  Amazingly I was refunded my membership without explanation and not allowed to log in to your service.  I guess he doesn't like critics.

Since this seems to be an ongoing thing maybe you should just go away then.
You obviously aren't going to change your opinion  and just admitted you're one of the guys with big hashpower in your fav auto switching pool that caused all my orphans last night.
Smells exactly like an advertisement for hash-to-coins.....

Ah but I did not mine GLD coin yesterday.  Sorry sir.

This is ridiculous.  Don't blame your orphans on me.  LOL

tbh GLDcoin orphans freak me out!

at least you can talk it here and every pool - including hash to coins is being bit and bit hard by Golden River. The profitability of the coin has totally tanked vs other coins because of the orphan problems.

this thread is 'unmoderated' unlike their thread but their defenders have made full use of unmoderation here, haven't they - why do you think that is.. seems to me like they can dish it out, but they can't take it.

you're not allowed to say that over there because your post will be deleted... LOL

they say that it's protection against multi pools but I put 20 MH/s (solo mining) on the coin for 24 hours and let it ride and still got a ton of orphans...

anyone who tells you that a pool is not having orhpans problems on this coin is FULL OF SHIT!

I'm sure the code was well intentioned but it's back firing on them and now they're super defensive...

of course the "announcement' about Golden River makes no mention of orphaning blocks and the article they tout was published on a site is actually run by one of the people involved in the coin.

well - they made their bed, now they can lie in it.

all pools including 'hash to coin' which has a multi-pool option is being bitten and bitten hard by this, it's just that hash to coins does not disclose all the orphans unlike other pools - everyone trying to mine this coin is being bitten hard - no one is immune - even the pools dedicate solely to goldcoin. I visited the other "goldcoin dedicated pools" and did screen snaps of the orphan problems before going to them and asking why there were so many orphans.

make no mistake that hash to coin is a multi pool - the option to allow THEM to switch your miners from coin to coin based on profitability is right on their screens.

For the record - SmarterHash has NO SUCH OPTION. If a miner wants to automatically switch their miners from one specific coin to another specific coin they may do so by defining 'rules' under which the switch will occur, but they CANNOT wily nilly say 'switch me to the most profitable coin', because that is idiotic and counter productive and even I know that and don't allow it. There are two reasons I do not allow it:

Reason 1: You wind up hammering a coin and driving up the difficulty and effective leaving the coin crippled for some period of time before the difficulty comes back down
Reason 2: It's counter intuitive to profitable mining. Smart miners KNOW you mine the coin with the least competition in order to mine as many coins as possible. Switching lots of miners to a specific coin only increases network hash, increases competition for coin and reduces your yield.

Our philosophy is responsible mining. Do we seize opportunities to be profitable - you bet we do and it's why I enable people define 'alerts' when their favorite coins have low network hash rates, low difficulty, high values, high yields base don their hash etc. There's nothing irresponsible about that at all. In fact SmarterHash members have been responsible for keeping many coins alive and thriving because everyone else had abandoned the coins and SmarterHash members saw their blocks chains grinding to a screeching halt due to lack of hash (yes we have charts showing Network hash, blocks created, coin value, difficulty etc) and their hash kept the block chains going.

And saying that Hash to coin did not have problems with orhpans on 42 is bullshit - total bullshit, because you'd never know since you cannot see what blocks were orphaned - it's hidden from you. They only show you the blocks that were found AND confirmed. And by the way - that little birdie who said 42 was going to get to over 5 was wrong...very very wrong...LOL By the way - from the time that 'prediction' was made it's dropped from 4.24 down to about 2.4 LOL

My philosophy in SmarterHash is to give miners data and charts and profitability estimates based on real-time clock chain yields, coin value and trends to allow them to make informed decisions.

I believe in giving miners as much information as possible in order for them to be better informed, wiser and make informed decision, not hide the ugly truth about some coins.


Have a Great Day!

and.......  END OF ADVERTISEMENT.

Here's some soap for your mouth.

how to best waste your hashing power....

https://i.imgur.com/zpSd9tG.gif

I give GLD a few more days before it's dropped from this pool because it's such a waste of hashing power.

https://i.imgur.com/NQIwRP9.png

LOL - such predictions... Oh mining oracle you.

Why do you care?  Is it because they won't let you post your rants in the GLD forum?

Right now (at least when this post was written) is the opportune time to mine it.  The net hash is low, and the pool hash is even lower.  It is also trading low -- so if you hold for a little while it will most likely jump back up and be more profitable.

GLD coin is for those who mine it when no one else is looking.

I wouldn't be surprised if you are just trying to get everyone off GLD so you can secretly mine it yourself.  Otherwise - why bother worrying?  Either that or you are just so upset at the GLD developers that you just want to spend all your time talking about GLD and their orphans on your pool.

Pretty much.

I've already explained all this to smarterhash(on gldtalk none the less).. but he seems to want publicity for his pool or is smearing GLD rather than taking my explanations seriously.

The coin is designed to be very mean to multi-pools/strip/dump miners. You cannot just turn on a ton of hash power and mine GLD super quickly.. it won't let you.. it won't let you make the difficulty rise that way either(it will just orphan blocks-It is DESIGNED to do this.. and it handles it very well).. in order to gain GLD steadily.. you need to mine GLD steadily..

Even if you had a quantum computer that could mine every bitcoin block in a matter of days, you'd still need to wait years to mine all of GLD.. that is because the client throttles the block rate through network time.

If you wish to mine GLD with a lot of hashpower, then you need to mine long enough for difficulty to adjust to see a dramatic drop in orphans.

The client is designed to allow a difficulty rise of ~140% every 60 blocks, or a difficulty fall of ~140% over 60 blocks, with some exceptions built in that allow the difficulty to fall ~40% in a single block if a particular clause is met(to stop the 90% hash power switching attack taking place earlier).

If you wish to view how our golden river difficulty algorithm reacts to hash power changes then I invite you to look at the graphs here:

https://www.gldtalk.org/index.php?topic=3156.msg14189#msg14189

The blue line represents the new algorithm.

Another caveat which I've already mentioned is GLD's sensitivity to network time.. You NEED your system time to be within 45 seconds of network time(or NTP).. or else you will have much difficulty competing.

Hey Smarterhash -- here is your proof from hash-to-coins.com.  I just mined GLD coin with about 200Mh/s (during my breakfast) when the stats were just right (basically the pool hash rate was a fraction of the total net hash rate).  No Orphans.  I don't think they are going to drop this coin any time soon.

Like I said -- you should mine GLD coin when no one is looking and you will be fine.


https://i.imgur.com/R7sgIpO.jpg?1

All unconfirmed everyone knows it takes time for them to be orphaned

I don't believe that is the case with GLD coin.  I've seen ORPHANs pop up instantly when the defense mechanism switches on.

Regardless, they are almost all confirmed (between 90-100 of the 120 confirmations) -- so I will provide an update shortly -- just for you.

Akumaburn

Why don't you share with everyone how many blocks from gold coin has been orphans in the past 24 hours...

Thanks

Well that would be great if gold coin actually produced the number of blocks in one day that it advertises

Doesn't Smarterhash have that information?

So they all confirmed.  You can check each block on the explorer if you don't believe me.

yes in fact we do and congratulations on finding the secret recipe for finding the few blocks that actually do not get orphaned and publishing the blocks numbers so that others can replicate your success, since all of the pools are experiencing so many orphans

:)

Secret recipe?  No. 

It is a matter of opening your ears and listening.

You have been in a shouting match with everyone regarding GLD coin from the latest fork -- blaming everyone and everything but yourself.

actually low network hash rate or lower difficulty is not a guarantee your block won't get orphaned. for instance most of your locks listed were found at over 980 MH/s network hash but there are numerous instances of blocks being orphaned when network hash was 600 to 700 MH/s

secretly mine it? Not worth it - it's not a very profitable coin to mine and ranks about 16th profitability on the list for anyone with 250 MH/s or less and not even worth mining for anyone with more than 250 MH/s and even if someone found every un-orphaned block that's only $80 worth of coins in a day and network hash average for the coin over the past 7 days has been right about 1 GH/s so if I added 500 MH/s to that - it would only get me  $26 in a day that's only .000196 BTC/MH/Day and SmarterHash members (including myself) are used to getting at least .00035 BTC/MH Day and higher.

But as always I like to give my miners as much of a selection as possible because everyone mines for different reason and we now have over 50 different pools at http://pools.smarterhash.com

Have a nice day!

OMG -- "Why...?  Why...?  Why...?"  (Ice Skating)

Of course low network hash and / or difficulty does not determine if a block gets orphaned.  You still don't get it.

For example -- if the current network hash is 600Mh/s but all the pools are applying 1500Mh/s then there is a good chance you will start to run into orphans.

It is based on how much hash is applied by all of the pools / solo miners at one time compared to the current network hash.  It is a specially designed formula that they call the "Golden River."

If you don't understand the formula, then you will never mine this successfully.

Obviously you still don't understand it.  There is a variable that your Smarterhash doesn't chart either because it is not available or you don't pull the data.

As far as profitability with any coin -- that is a whole other ballgame.  It depends what you sell the coins for and Smarterhash cannot predict the markets.

1.  What price are you using for GLD when you calculate the daily BTC/MH/Day?  You are just throwing out numbers with nothing to back it up.

2.  On your profitability of xxx BTC/MH/Day -- is that for someone with 1Mh, 10Mh, 50Mh, 100Mh or 1Gh?  As you know, profitability never scales up like that.  The less hash you have the more profitable things will look.

3.  How do you know how much your members make?  Does Smarterhash trade their coins too?

So many questions -- so few answers...

Soooo...you have to sneak up on gld to mine it?
Glad you figured it out.
SH doesn't run an exchange and you know that, you're just stirring up more crap.

No - the owner is making profitability claims without any facts and you know it.

I hate to say it -- but in every single post -- you folks are just bitter all the time.  

When you are wrong, you never admit it -- even when someone proves you are wrong.  Never say "Thank you" and the owner of Smarterhash just loves to use every 4 letter word he can think of -- real classy.

Just bitter bitter bitter.  Perhaps because those Hashra Astros never came in...?  But that is another story -- right?  

Have the feds investigated that Hashra vaporware sale yet?  It is just a matter of time...

What a troll you are......bitter? Nope, I'm happy in my my little life but you must not be in yours.
Funny how you followed us over here and the thread on goldcoin is dead as a doornail.
Please go back there....you belong.

I was minding my own business trying to figure out how to mine a little goldcoin with out all the freakin' orphans.
Then you start spouting all kinds of bs because of some ax to grind so we come here and there you are.

Who's bitter and trolling?

Have you not read the posts?

I proved that you can mine GLD without orphans.

And when someone makes claims without backing them up -- I call them out on it (aka Smarterhash).

Love getting the last word in with an insult don't you.
Of course I can read.....but, "What you do speaks so loud I cannot hear what you say."
To quote Emerson

Move along buddy.

LOL

This feels like I'm having a conversation with some "tough-guy" puppet -- that is clueless and just drinks the kool-aid.

How can this be taken seriously when you don't even address the questions?  Instead you just call them insults?

How am I insulting someone by asking questions regarding claims that are not backed up?

Trust me -- you aren't helping your Smarterhash team.  Not one bit.

Mr hdmediaservices,

May i ask why you are so against smarterhash? 

Basically all it is a fancy spreadsheet of mining data.  Blocks / Day, Coins / Bloc, network hash, etc.  information any miner could use to try to pick one of the most profitable coins to mine.  there is no multipool, no auto switch.  its a hi end coinwarz.  there are smarter hash pools,, but i dont use them because I already have my fav pools.  i do use the mona coin pool occasionally.

As I have stated in countless posts -- I think Smarterhash is pretty cool -- it has a lot of great statistics and graphs that can help many miners make smarter decisions on what they mine.

I bought a subscription to Smarterhash in the beginning -- and then the owner cancelled it a month or two later after I made a post regarding SONG coin and him using the wrong wallet.  He was wrong and the only thing he thought he could do to silence me was to cancel my paid subscription to his service. 

Does that sound professional to you? 

Also when the owner starts making claims that his people are making xx BTC per Mh/s and then becomes silent when asked to back up his claims -- you start to wonder... 

Finally -- lets not forget the whole Hashra Astro fiasco -- still on-going.  I was mislead on these units from the beginning.  Yes - I got a refund when requested -- but I was still given false information.

So you ask -- why am I against Smarterhash? 

Well - I am not.  I like Smarterhash.

What I am against are people that just love to use four-letter words when posting on this forum, are rude to others trying to show them that they might be wrong on something and make unsubstantiated claims about a service they are selling.

thank you for your precise, informative answer.

Mr hdmediaservices was told when he signed up at the minimum level that he would not get the correct recommendations for the 2 GH/s mining farm he alleges to have and then he complained the recommendations were incorrect - well yes they were - when you sign up for a subscription that give recommendations for hashing power up to 100 MH/s you are not going to get the correct recommendation fo a 2 GH/s mining farm.

SmarterHash has four subscription levels -
Up to 100 MH/s - $49.95 / year
Up to 250 MH/s - $99.95 / year
Up to 500 MH/s - $149.95 / year
Unlimited Hash - $199.95 / year

These levels exist because the founding members of SmarterHash agreed that people with larger amount of hashing power would benefit more from their subscriptions.

He was told this and ignored it yet continued to complained - so I refunded his money since his refusal to purchase the correct membership was going to continue to give him incorrect results.

and smarterhash is not a glorified coinwarz because coinwarz gives incorrect results - smarterhash.com gives correct results.

and for the record - I have always been and will remain dead set against auto switching because not a single person has ever shown me how increasing competition for blocks (by auto switching pools members hashing power) to one coin results in increased profits for everyone. In fact - they all wind up losing because there's less for everyone.

autoswitching flies in the face of logic.

ps: hdmediaservices - thanks for keeping this thread alive - it's resulted in a bunch of new signups in the past few days.

Have a nice day.

Now you are just lying.  Do I need to pull up the old threads?

I only used values up to 250Mh/s -- as the site didn't let you use anything higher unless you bought the more expensive membership.

I was never able to input hash rates higher than 250Mh/s -- so how would I get incorrect results?

The complaint was about SONG coin and you know it.  You chose to switch over to the wrong wallet at the time and I called you out on it.  And this had nothing to do with Smarterhash - but your Lifeforcepools.

Then you all of a sudden refunded my money without any correspondence.

Is that how you handle customer service?  People make a complaint and you just refund them.  Silence your critics?

On another front --

1.  So how are the Hashra Astros coming?  Are the feds knocking at your door yet?  You misled a lot of people on these units -- including myself.

2.  And now you believe that LTCGear is actually going to ship out ASIC boards -- Gen 2 boards? 

3.  And you have an incredible data center in NJ that you will host these 350Mh/s boards for yourself and others? 

Oh the things you say on Litecointalk under jjj0923.

I especially love mention that you are a programmer and you have started several million dollar companies -- all sold for a profit.

How far do you want to go with this?

I stand corrected - you did purchase the subscription for $99.95 which entitled (I just verified this on my paypal records) you for up to 250 MH/s but you told me and others that you had a 2 GH/s mining farm so the results you would have seeked for your 2 GH/s mining farm would have never been calculated properly with a 250 MH/s subscription.

I apologize for this mistake and I accept that I made this mistake - but clearly 250 MH/s estimate do not for 2 GH/s worth of mining power - not then and not today either.

no one is knocking at my door because I have always simply given people the same information that Simon has given me and they all understand that and anyone that has ever asked for a refund from me for money already given to Simon long ago has gotten their refund - FROM ME. All funds for machine ordered were sent to Simon a long time ago. So the refunds come to me and I have chosen to increase my stake in machines from Simon.

In terms of getting the 350 MH/S asic units from Chris at LTCGear - who knows, but it's my money that I've put up and you should know that risk, reward and return go hand in hand. All I know is this. I bought shares in LTCgear like lots of others and we all went without payment for months. When given the opportunity to re-instate my account', I did and I'm ahead right now based on my investment and Chris has been paying weekly since the re-instatement. I am sure I'd feel a lot different about Chris if I had the money invested with him that some people did. I am sure some people had over $50,000 with him. I did not -I think my total investment was about $3,000 and like I said - even with the re-instatement fee of about 6 btc I paid - I am ahead and getting further ahead every week. Whether or not the ASIC UNITS from Chris ever arrive is a roll of the dice and there were and still are  numerous people willing to give their positions in line to receive these units for roughly $110/unit because they can't afford to pay the re-instatement fee and they want out.

If you're a risk taker there are numerous accounts for sale where you can purchase accounts entitled to Asic Units for about $110 / asic unit which Chris says runs at about 350/ms - of course this is all well documented on the Litecoin forum.

And yes we have a nice data center setup where all of my equipment is currently hosted and we will have room for more even if my 46 asic units ever arrive where we pay 10.8 cents per Hw/h and no - none of my ASIC UNITS are for sale nor do I have any plans at present to sell any of them. In fact, if and when they do arrive I will probably ship them to Iceland for hosting there because I've found that it will be cheaper with hosting fees to have them hosted there than I have right now paying 10.8 cents per HW/H.


It's interesting that  your view has gone from 'absolutely genius' to 'glorified spreadsheet'  :)

https://i.imgur.com/9hu8QwA.png

I have always spoken well of Smarterhash.  Honestly I don't remember calling it a "glorified spreadsheet?"  Can you show me my post for that one too?

Regarding my 250Mh/s subscription -- it was sufficient to test your system.  It is not like I have 2Gh/s mining machine.  LOL  I have a collection of A2 Terminator units (34Mh/s - 88Mh/s - 110Mh/s).   Many of my miners point at different coins -- so I don't know why you continue to bring up the 2Gh/s mining farm.

I asked you a handful of questions several times -- never answered any of them.  Care to answer them now?  From the post you pulled from me?

And -- I have continued to praise Smarterhash in practically every post about it -- Can you not take a compliment???  I mean seriously?  What kind of person are you?

Is your nice data center the ice skating rink that you were going to host all of those Hashra Astros?  Or is this something different for your couple machines?  We would love to see photos.

On the LTCGear thing -- well I think it speaks for itself.  You are in denial big time. 

Seriously -- you think there is even a 1% chance of there being 350Mh/s boards?  I mean really?  Unfortunately, this affects your credibility.  Big time.

get money each week from ltc gear and being ahead on my investment is not being in denial - it's called being in the Black.

Ok - well, as always, you dodge questions.

Thats fine. 

So you say you are in the black with LTCGear. 

I guess that means you have made a profit or broken even from LTCGear (after subtracting your initial investments costs, any accounts you have bought from others and any other fees you have paid). 

Good for you!  Sounds like you do 'create million dollar companies from the ground up and then sell them for a good profit.'

Let us know when you get those super Gen 2 - 350Mh/s boards. 

We would all love to see them in your fancy data center.  Please share photos!  Maybe photos of you ice skating as well...  It is all in NJ I believe?

Oh - woops - I asked a questions.  Don't worry - you can dodge it too.

You're like gum on a shoe.

Ahh - its our long lost friend BEACHGUY!

I was wondering what had happened to you. 

Normally you chime in much faster with intelligent words when your friend Smarterhash is under fire.

Glad to see you are ok.