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Title: Question about pools? Post by: lovenlifelarge on July 11, 2015, 08:57:23 PM Hi all...
I hope im not wasting anyones time with a question like this asked before... I just wanted to know is it possible for a small mining pool, instead of pointing to its own wallet to mine, Is it possible to point all the mining power from there pool to another pool (Mypool ---> to F2pool) to bring up there stats & also if they stated they paid less than f2pool that they could keep the difference? I highly doubt this happens or has happened i just wanted to know, was it possible??? Title: Re: Question about pools? Post by: philipma1957 on July 11, 2015, 09:10:32 PM Hi all... I hope im not wasting anyones time with a question like this asked before... I just wanted to know is it possible for a small mining pool, instead of pointing to its own wallet to mine, Is it possible to point all the mining power from there pool to another pool (Mypool ---> to F2pool) to bring up there stats & also if they stated they paid less than f2pool that they could keep the difference? I highly doubt this happens or has happened i just wanted to know, was it possible??? kind of depends of the pool's setup but yeah it could be done. Title: Re: Question about pools? Post by: lovenlifelarge on July 11, 2015, 09:34:21 PM Cause i was looking at hashnest paying 0.98 & f2pool paying 0.94 & thinking every now & then either one of these guys pays more than the other, It swaps & changes all the time...
If they we smart about it when they are the lowest one of the 2 they could simple mine on the others chain & in this example for every t/h they have they make 0.04. 72p/h 72,000,000 x 0.04 (Correct me if i fucked up the petahash conversion) = 2880000btc everyday for free! Title: Re: Question about pools? Post by: sidehack on July 11, 2015, 10:19:06 PM What's the total network hashrate right now, about 360PH neighborhood? 72PH is 20% of that. 6 blocks per hour makes 144 blocks per day, 3600BTC per day. 4% of 20% of that is 28.8BTC - your calculation was wrong (by several orders of magnitude more BTC than are generated in a given day) but it's still a considerable amount, about $8K.
Title: Re: Question about pools? Post by: philipma1957 on July 18, 2015, 12:59:21 PM What's the total network hashrate right now, about 360PH neighborhood? 72PH is 20% of that. 6 blocks per hour makes 144 blocks per day, 3600BTC per day. 4% of 20% of that is 28.8BTC - your calculation was wrong (by several orders of magnitude more BTC than are generated in a given day) but it's still a considerable amount, about $8K. I have rented 1ph from nicehash at 0.0092 mined it at f2pool at 0.0097 when all was said and done 2btc in and 2.2btc back very hard to do it but it is kind of what the op is asking. Title: Re: Question about pools? Post by: edonkey on July 18, 2015, 10:39:31 PM I have rented 1ph from nicehash at 0.0092 mined it at f2pool at 0.0097 when all was said and done 2btc in and 2.2btc back very hard to do it but it is kind of what the op is asking. Interesting. I've considered trying this in the past, but I was worried that my bid wouldn't be viable long enough to be worth the effort. Did you use a fixed bid, or did you just have to babysit your bid to keep it running until it wasn't profitable any more? But I have to admit that I've never rented from Nicehash. I've only sold hash power to them. I'm not too clear on how the bidding system works in practice. Title: Re: Question about pools? Post by: -droid- on July 21, 2015, 02:41:49 PM I think it's very possible, I remember back in the early scrypt days there were pools who did this, jumping back and forth onto other pools chasing the highest profit margins. You could tell by the huge swings in hashing power and worker lists. I'm sure its still being done even with sha-256 pools
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