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I am installing 100GH/s more today, and activating some more queued deposits.
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That's great to hear! How much of hashrate are you going to move there?
If it keeps working well, I am planning to move the entire farm on it. |
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if you have 2 THs and the pool have 1 THs without you , thats make no sense, than you better do solomining
Of course, when there will be enough power to solve (on average) 1 block/day, it will be time to go solo. |
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246294 2 days ago
[...]
even with 1,3 THs , this pool is to small. it pays out every two or three days , so you loose 2 days revenues for reinvestments
There are times when blocks are found more than once a day. I will do some math and then choose the option that gives the best revenue for the benefit of everyone. Variance should not scare anybody. ;-) |
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the 2 GH/s from p2pool is to smal
P2pool is 1.4TH/s! |
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you are the only one , who is mining with this pool. its the same as you do solomining. but solomining brings 2% more revenues plus fees
Why? In P2Pool fees are shared. And that 2% where does it come from? |
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last block, which p2pool found: Block 246294 (2013-07-13 03:21:31)
this pool ist to small
It's small, but it's the best viable solution I found besides solo-mining. Is there any reason to not use it, besides variance? |
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I made some tests on P2Pool and now it seems it's performing quite well. I am going to install a production server and move the hashing power there.
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Hi is their a way to recover account here as I lost my deposit address I sent coins to ?
I wrote a PM. |
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I updated the cost/performance parameters to match the next batch of hardware. The cost of 1 GH/s went down from 4.47 to 2.41 BTC.
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Can't you merge mine with P2Pool as well? I think the concept of it is preferable to any pool.
I never tried merged-mining, but I am considering it. Also I am testing the latest version of P2Pool with FPGA & ASICs, and it seem it's working much better than before. If it's confirmed, I will switch to P2Pool until the total hashing power will grow enough to go solo-mining. |
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Couple thoughts come to mind... If the old infrastructure is not profitable could you consider removing it from service after the planned roll out of asic mining in July?
Since new infrastructure shares some costs with the old one, now it's still slightly profitable. I will consider removing it once it will not be worth anymore. Secondly, I highly recommend using bitparking for your pool mining and up until you get some ample mining running stable at least. The DGM algo will reduce pool variance and bitparking is a smaller ish pool so you'll be helping them while also not being too small to see no benefit for yourself as well. You could even take merge mined coins if you claim them, and sell them periodically to btc for release to the accounts for a little added pyramining revenue and speeding along the time for accounts to get ROI + 10% + bonus
I will consider bitparking, evaluating how much could merged mining be profitable. Thanks for the advice. |
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That sounds just great, but when we will get next payment? Let me remind you, the last payment was June 29.
I suppose that around Monday payouts will start to arrive again. These days have been a bit "messy" because the old infrastructure alone was not anymore efficient enough and the new software was not very stable. Today I am completing the installation of the available new infrastructure (in the past few days it was still a "prototype installation"), and keep adding units when the assembly house delivers. I am also changing pools to optimize revenues and preparing all the software for solo-mining. |
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To thank everyone for their patience during the long wait, I will try to make an account with 50% deposit under the account of everyone who is in queue, even for those who deposited after the promotion was expired. I should have enough resources to cover all deposits.
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Update on plans:
Before the end of July I will be able to deploy ~600GH/s more.
Before the end of August there will be at least 3TH/s more.
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That doesn't say anything about why there have been no rewards whatsoever since June 29. You wrote 2 paragraphs and said diddly-squat. You are starting to sound a lot like pirateat40.  Please, don't mention him! :-) Due to difficulty increase, and running costs, old hardware is mining with a very little margin, so most of the mined coins went into paying infrastructure. However with ASICs, costs will be spread on new hardware too, so it's still profitable to run them. |
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Update:
as I said before, there were some stability issues with the new software, so in the last two days not all expected bitcoins have been mined. Last night (spent asleep, programming) has been resolutive, now the software looks stable, and rewards should start to come as expected.
For impatient people: you don't know how huge is the quantity of work I am putting in... connecting 1 miner is one thing, connecting and managing hundreds of units is totally another kind of work, expecially when you have to design everything from scratch. Before the end of the week I should also receive more hardware, so more accounts will be enabled.
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why do you use this ugly abc-pool? you have 30% miningpower of this poll, so you can do solomining as well.
why dont you use a pool, which pays often a day?
As soon as all ASIC-related things are sorted out, I will improove mining aspects (better pools or solo mining, probably I will choose the latter). |
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Great news! Any idea yet on the roll out plan for the remaining hash rate pre purchased?
It will take a few weeks to receive all the new hardware from the assembly house, and to install and configure it. They are delivering assembled units twice a week. |
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