Thats an interesting complaint because its what happens in a normal market.  People who profit are seen as negative and destructive.
   The basis for plain capitalism is open competition and sometimes people lose money but the idea is society benefits overall even from the failure.
  Look up Adam smith and luddism, its why the Fed is doing the opposite, avoiding pain, losses, flooding markets with money and then in turn we are here with virtual coins, are we to copy the Fed creating free money ?   Im slightly clueless why are these coins even worth anything, it has to be we are not money printers but worth more somehow


Im newly testing out your LTC port trying to figure out how my cgminer's reported 1000+ shares comes out the sausage machine as an actual coin at some point.     I used to mine on Slush pool and so long as its not going to return zero if I have to log off, I'll figure it out.  I guess as the pool bulk is elsewhere the ltc coin is taking forever to mine, hence I'll get paid eventually even if I have to stop cg now

That would be the 4 hour round time for 1 'shift' a bit like the guild layout?

If the block is being solved in minutes or less and the miner has not submitted a share they get nothing and that work or coins are gone forever, its a closed block now.    However the miner has still spent the electricity for a block they worked on but recorded no share for

I see your saying but what if everyone lost shares but that assumes all miners are equally submitting shares at the same rate.   Some are fast, some are on slow links, bad pings or whatever so its not equal and the system favours whoever is sitting closest to the server with the highest hash rate.

  So its very unequal.     It is what it is, people can always leave but its obviously a biased system.  Im just looking at two LTC pools and one has a worse ping or something because its accepting 50% less shares per hour, middle is just the same except exaggerated by this 512diff so it can record absolute zero shares for some or extremely low

620kh, 4 shares in 14 mins which is comparatively better today  [R:5  Reject ratio 56%  discarded due to new blocks 144]

My first lotto win since 3rd grade I think, much appreciated   

I think if there was two ports and each varied work slightly you would find miners themselves would switch to whichever gave the fastest hash without a need to manage further on your end

Ironically that might help level the playing field     Set it to diff 10k


I got 3 pools on rotate, fast coin with diff 16 has raised accepted shares by 100 just since I started typing this.
LTC is on diff 32 switched to 128  and in a few mins its done +13 shares.  
Middlecoin is 512 diff of course and in 5 minutes, it raises accepted shares by 1 share.  That's it, near to a complete failure


[set cgwatcher to restart miner if theres no accepted shares, which will also take it to another pool till some time later]

aha now I know who

http://youtu.be/UwKryuazNMk?t=22s

What makes this cpu only that is not true of any other coin.  Surely its just a matter of time

Just do it

I did a reboot, just a quick look now and its showing 77% efficiency which is relatively good and Im in EU  
22.6m coin diff ? I think I prefer the harder ones as they don't solve faster then my ping

and just now 165k diff which means the cg screen fills with new block detected and efficiency is dropping as I type.   Think I'll log off 

What period of time will that wastage mostly affect the score, looks like the hours just previous to your post but also mixed over several days

My miner is still not able to keep up.  cgwatcher says 8% efficiency, Ive gone elsewhere now and its up to 77% in 50 mins

Rova it wont be worth the effort doing.  Powerful for a sound card but not for dealing with 256 bit encryption.   Maybe a penny or two a day, what makes you think otherwise

If I put CG on load balance it skips middlecoin mostly.  I get about 10% rejects, I think the fastest coins leave it doing nothing much


Less then 1 share a minute, is really bad?

Could be best for new/small miners

Is there a lending website for NVC or place that pays savers

It can only add a block if one is found in that time.  None were found from 9am onwards looks like.

That's pretty awful but with BTC diff going so high don't be that surprised.   we had 17 hours to find a block on slush pool the other day I think it was.   It always relys on hash power of the pool and luck.
   switch your worker to pps and you can know every day ahead of time what payment you get

ie. its totally normal

Whats the solo time to find a block now, I think worst case must be 50 years. Even the guild big as it is, can take more then several hours apparently.  That's just how they designed BTC to be, for security I guess

Ok mining.
I have 7950 also, are you on 1.25 volts with those clocks, watercooled maybe ?

Ive used both.  Slush would not be a complaint had you got lucky, sounds like you did not.   Its possible to submit hundreds of shares and get zero and that is an open secret :p

You need to be there when the block is solved even if that takes half a day and maybe you get a payout but really it helps to be well over 1gh processing.  Guild on the other hand will pay something for any share at any time even if you log off, much easier to see but it can pay less then slush so its personal preference

That'd be on par with a BFL chip so probably about right presuming they saturate the market

Just keeps telling me there is a new block before I can submit anything.  Would that be the problem people are talking about

My ping is 182ms and my hash rate is between 500-700 kh   

If the pool gets too big I would think the answer is to mine two or three best coins at once.  Maybe that helps the slower people get a look in ?

Some good comments on this thread, should archive it for future reference since new coins are so common

The main factor seems to its relation to Bitcoin and its standing armies of asic.  So maybe it has to become more similar in its defense by raising difficulty in time