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Title: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: check_status on May 01, 2012, 03:15:29 AM Example:
If PPS for a pool is .00003 and my rig hashes 1010 MH/s, how do I determine ⊅BTC earned per day? Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: ssateneth on May 01, 2012, 04:02:28 AM 1 share ≈ 2^32 hashes or 4294.967296 megahashes
60*60*24 seconds in a day = 86,400 seconds/day 1010MH/sec = 87,264,000 Megahashes/day Shares/day = (MHash/day) / (Megahashes/share) Shares/day = 87264000 / 4294.967296 Shares/day ≈ 20317.73 Payout/day = 20317.73 * 0.00003 Bitcoins/share Payout/day = 0.60953199 Bitcoins Feel free to tip. :) 1BXNapSrzTSfmqSD63e49eh2JvDkeotCxt Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: GernMiester on May 01, 2012, 06:16:12 PM Yeah that can be done if your a mathamagician or
http://bitcoinx.com/profit/ will give you a good idea of what you will get. Its within .059 BTC of what I am getting paid out right now and that probably due to variance. Since your hash rates will vary, a close estimate is probably going to be just fine. Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: check_status on May 03, 2012, 12:14:49 PM I asked the question, not to figure out how much I could make, which is the machines potential, but learn how much a pool is paying out at the time the calculation is done. A way to compare pools without having to go mine with them, as long as they make valid information available.
There can be a 10-15% difference between better paying pools and lower paying pools. If you didn't know this you might think you need to tweak your hardware more. Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: DeathAndTaxes on May 03, 2012, 12:30:30 PM I asked the question, not to figure out how much I could make, which is the machines potential, but learn how much a pool is paying out at the time the calculation is done. A way to compare pools without having to go mine with them, as long as they make valid information available. There can be a 10-15% difference between better paying pools and lower paying pools. If you didn't know this you might think you need to tweak your hardware more. Well that is far simpler calculation. fair value for PPS = (current block reward) / (current difficulty) in BTC per share. Current difficulty is 1,509,101.11 and current avg block reward is ~50 so full value for PPS share is 0.00003313 (or 3313 satoshis). . If pool is paying less than that then the difference as a % is an undisclosed fee. Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: ssateneth on May 03, 2012, 08:00:28 PM I asked the question, not to figure out how much I could make, which is the machines potential, but learn how much a pool is paying out at the time the calculation is done. A way to compare pools without having to go mine with them, as long as they make valid information available. There can be a 10-15% difference between better paying pools and lower paying pools. If you didn't know this you might think you need to tweak your hardware more. Wel if this is about ebtter paying pools, mine at Eligius. It's 0% fee and PPS. Don't even need to setup any logins or anything, just point your miners at http://<your address here>:x@mining.eligius.st:8337. Payout is automatically queued (not guaranteed immediately, but queued) around 0.67 BTC or a week after your last submitted share. Stats for your "login" can be seen at http://eligius.st/~artefact2/7/<your address here>. Mine as an example is http://eligius.st/~artefact2/7/1CxcPP8FVktppy4PHTYJKnZFqQeyZ3jArb . Any of the huge variances you may see is a result me manually adjusting GPU's clocks/volts to agree with the warming weather. Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: rjk on May 03, 2012, 08:12:12 PM I asked the question, not to figure out how much I could make, which is the machines potential, but learn how much a pool is paying out at the time the calculation is done. A way to compare pools without having to go mine with them, as long as they make valid information available. There can be a 10-15% difference between better paying pools and lower paying pools. If you didn't know this you might think you need to tweak your hardware more. Wel if this is about ebtter paying pools, mine at Eligius. It's 0% fee and PPS. Don't even need to setup any logins or anything, just point your miners at http://<your address here>:x@mining.eligius.st:8337. Payout is automatically queued (not guaranteed immediately, but queued) around 0.67 BTC or a week after your last submitted share. Stats for your "login" can be seen at http://eligius.st/~artefact2/7/<your address here>. Mine as an example is http://eligius.st/~artefact2/7/1CxcPP8FVktppy4PHTYJKnZFqQeyZ3jArb . Any of the huge variances you may see is a result me manually adjusting GPU's clocks/volts to agree with the warming weather. Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: DeathAndTaxes on May 03, 2012, 08:19:10 PM Yeah it is a good pool but people should understand the "owed" funds are not guaranteed. If the pool fails those funds could potentially never be repaid. arsbitcoin is a good example (although IMHO the failure had more to do with neglect).
Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: -ck on May 04, 2012, 10:29:59 AM Not to mention issues with how your shares are potentially used without your consent on rEligius.
Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: check_status on May 04, 2012, 02:35:52 PM Quote from: DeathAndTaxes fair value for PPS = (current block reward) / (current difficulty) in BTC per share. So this is the ideal maximum payout possible based on the difficulty you list regardless of the actual scoring system?Current difficulty is 1,509,101.11 and current avg block reward is ~50 so full value for PPS share is 0.00003313 (or 3313 satoshis). . If pool is paying less than that then the difference as a % is an undisclosed fee. For example, I'm trying to compare these 2 pools: Quote Pool: [ 1,067.82 GHash/s | 155 Users | 468 Workers ] Server Time: [ 2012-05-04 13:42:53 CET ] From OZCoin.netBitcoin Round: [ 475,998 Shares | 0d 0h 33m | 99.56% Efficiency ] Namecoin Round: [ 259,637 Shares | 0d 0h 18m | 94.38% Efficiency ] Quote Active Miners 898 Round Duration 00:29:51 From EclipseMCCurrent Speed 444.39 GH/s Round Shares 187989 Difficulty Last Trade Daily Avg 1508590 5.1200 5.1000 BTC 653463 0.0090 0.0092 NMC 1 share ≈ 2^32 hashes or 4294.967296 megahashes <--This value is a constant, correct? Full value for PPS share is 0.00003313 <---Comparison value. Ozcoin 1,067,820 * 86,400 = 92 259 648 000 MHash/Day 92,259,648,000 / 4294.967296 = 21,480,873.2 21,480,873.2 * .00003313 = 711.661329 Payout Per Day 711.661329 / 1,067.82 = 0.666461884 EclipseMC 444,390.00 * 86,400 = 38,395,296,000 MHash/Day 38,395,296,000 / 4294.967296 = 8,939,601.48 8,939,601.48 * .00003313 = 296.168997 Payout Per Day 296.168997 / 444.39 = 0.666461885 Payout per Day per Gighash Hmm. Ozcoin and EclipseMC no longer have 12%+ difference. Are there other factors causing the variance that can explain a 12%+ difference in payout per day per Gigahash between pools? How would rejected and stales affect the ideal payout per gigahash for EclipseMC @ 0.666461885? Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: Graet on May 10, 2012, 09:34:27 AM both are DGM pools not PPS pools
DGM has a "luck" or variance factor :) if emc were having a bad run while we had our awesome run yesterday 12% could be easy. maybe next time emc has luck we dont, thats how it goes :) What DGM offers is over time to even out to 0fee PPS this time can be months not minutes or hours :) Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: check_status on May 10, 2012, 05:55:24 PM So you are saying that DGM costs more to miners from day 1 until day n, when mining has become 0 fee.
How much more does DGM cost miners initially compared to the PPS worksheet above? Title: Re: How do i use PPS and 1 GH/s to determine ⊅BTC earned? Post by: Graet on May 11, 2012, 01:26:00 AM sorry? I do not understand "cost miners"
the DGM thread covers this quite well I like to think of it as a capacitor. If you have a light bulb and capacitor in parallel connected to a DC source, the bulb won't be lit right away. As the capacitor charges more current is routed through the bulb and it becomes brighter, until it reaches its maximum brightness as if there was no capacitor. If the power source is disconnected, the bulb gradually fades as the capacitor discharges its stored energy through the bulb. No energy is lost. Of course there are many other real-life examples of this dynamic. Electric radiative space heaters come to mind - you turn them on and only after a while they become hot and heat the room. The dynamic is the same also quantitatively - in all 3 cases it can be modeled with (dx / dt) = a - bx, where a becomes 0 when the source is discontinued, and where x is itself the derivative of some quantity of interest. |