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Hey Eleuthria, I currently use 'btcguild.com:8332' for CGMiner.
What is the difference between using the above (simply 'btcguild.com:8332), 'mine2.btcguild.com:8332' or 'mine3.btcguild.com:8332' ?
Which address(es) should I be using as Primary ? and which for Backup ? (as you suggested for CGMiner/Longpoll problems) ?
Chers,
bitlane.
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what's a mystery miner?
..kinda like a bitcoin miner, but their currency is mystery and the hashing algorithm is optimized for Apple IIe and Commodore 64 (although I am hoping for Vic20 compatibility soon). |
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Nonsense. PPLNS exposes the operator to no variance risk or racks up no credits owed (like SMPPS).
Sorry, that's what I meant...an SMPPS or variant etc.... I corrected my post above. I have only ever mined using either pure PPS or PROP, as everything else is just smokescreens & bullshit as far as I am concerned. The advantage of hopping is >5% so unless the fee is 20% it isn't going to deter hoppers.
TX fees are ~0.1%. It is immaterial to expected return for both continual miners and parasitic miners.
As I said above, a PROP Pool with NO CRYING. A place where EVERYONE is aware of the potentials from both ends of the spectrum. No one will force people to mine there....it will be done by choice and paid for with a larger-than-average fee, so there will be NO MISTAKING one's intentions. If such a pool does not quality based on morality alone, to be listed in the 'POOL' section, it can be listed in the 'GAMBLING' section of the forum  |
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#1. What Kind of Fee % do you think is fair for a Pool Owner to Set?
#2 What do you think should be done with all transaction fees?
#3. What other Options do you think should be On a Mining Pool
#1. Fee should reflect level of service, features and performance offered. #2. Transaction fees to Block Finder as *BONUS* <---there's your selling feature. #3. Proportional Payouts WITH NO CRYING. Everyone is aware of the potential risks as well as potential for rewards. <---there's your 2nd selling feature. If you do use proportional payouts, I guarantee the pool will be dead inside two months. Bet, anyone? A higher than average fee (5% or higher) for the pleasure of PROP Mining as well as the 'End of Round' Bonus potential (Block finder gets TX fees) could very well help curb Pool Hopper's appetites Also, for a new Pool OP, this is the ONLY way to guarantee that he/she will not sink themselves into a financial hole and have to run away in a month or 2 like many others have been forced to do when implementing some of Manny's infamous payment methods by either not having the BTC to cover the miner's pure PPS payouts due to long rounds when first starting out with minimal hashing power, or having the pool rounds so far behind/in the hole from some other PPLNS SMPPS (?) variant, that it can never catch up to actual payouts that are owed....... **CORRECTED = SMPPS |
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#1. What Kind of Fee % do you think is fair for a Pool Owner to Set?
#2 What do you think should be done with all transaction fees?
#3. What other Options do you think should be On a Mining Pool
#1. Fee should reflect level of service, features and performance offered. #2. Transaction fees to individual Miner/Block Finder as *BONUS* <---there's your selling feature. #3. Proportional Payouts WITH NO CRYING. Everyone is aware of the potential risks as well as potential for rewards. <---there's your 2nd selling feature. |
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So now that you have done a successful 0.25 BTC loan and have built Rep here, will you now apply for a 250 BTC loan ? How many more small ones 'till you shoot the wad ? |
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I am interested to see what Lancelot brings to the table, seeing as how Icarus was such a success (and learning experience for the designer/engineer).
I have a feeling BFL might be in trouble if they are unable to satisfy the needs of the masses before ngzhang launches his new would-be? hashing monster.
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As for bitlane's suggestion that large miners have a lot of workers, I used to do that to monitor my farm back when it was small and I had no clue about what I was doing (not that I have much more of a clue now). I now use monitoring tools and 1 or 2 workers.
Are you using a local proxy ? or simply common worker account(s) ? |
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Is the price really almost .00006??!?! whats driving it up!?
The GPUMAX PPS price jumps have been all over the board. I just got tired of 'chasing' the current rate around, so I set mine low enough not to have to worry and high enough to make it worth my while. Just a shot in the dark, but I have a hard time believing that it's large miners that are causing the price swings.
With the amount of time to edit each of their workers, I just don't see it.So, as a small FYI, here's what a 5GH/s setup looks like (rough averages....obviously YMMV) The 'average' 5GH/s Setup. -------------------------- - 70 shares/minute - 4,200 shares/hour (60 minutes) - 100,800 shares/day (24 hours) Now, estimate that GPUMAX makes up about 50% of your daily mining shares/income. 100,800 shares/day (24 hours) = 50,400 shares/12 hours average.Using the above 12 hour share average (for a 5GH/s Miner), here's the difference between a few GPUMAX PPS rates: 0.000050 BTC/share = 2.520 BTC per half day average (5GH/s Miner). 0.000045 BTC/share = 2.268 BTC per half day average (5GH/s Miner). 0.000040 BTC/share = 2.016 BTC per half day average (5GH/s Miner). The above figures assume near-perfect conditions, which are difficult to achive in any venture. Currently, the rates (from what I have seen) have been anywhere from .00004 to .00005 NET (add 0.000005 approx. for GROSS rate). Let's further reduce this down to support a 1GH/s average Miner:0.000050 BTC/share = 0.5040 BTC per half day average (1GH/s Miner). 0.000045 BTC/share = 0.4536 BTC per half day average (1GH/s Miner). 0.000040 BTC/share = 0.4032 BTC per half day average (1GH/s Miner). For the TINY gain in BTC for anyone under 5GH/s......Is it really worth all the fucking around ? As others have pleaded: Set a price that is fair and forget it. Quit chasing pennies. Cheers, bitlane. |
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-----
...Please support IBB and help put these thieves out of business ASAP!
...... I am willing to work with them to make it happen, e.g. deposits, at
0% interest of course, chequing, whatever.)
-----
Could you please facilitate an interest free 30 day loan of 50 BTC for me ? thank you. bitlane. |
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A couple things you neglected to mention/consider above.....
1) Network Hashing power is sure to increase (thanks to FPGA's, ASIC's etc), increasing difficulty as a result, lowering PPS rewards.
2) Overall Block Rewards will be cut in half (25BTC/block) later this year.
Good luck none the less.
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It is worth noting that over the past three months I've become a little wiser and am getting slightly better information from new customers. Having said that, I also have a group of long-time customers that have proved their reliability and who I am happy to continue lending to without extra information.
In this case, I have good contact information, address, phone number, cross-references to other family members.
It is also worth nothing that some of the potentially fraudulent borrowers are being put off by the extra scrutiny, by either disappearing or changing their minds about requests. That's a pretty natural evolution.
I'd also like to note I had a play on one of INAU's games and risked 75 coins for fun (got back 60) and not too fussed about the loss as my holdings have grown quite a bit over the past six months. So while this 70 coin loan might be bad, it certainly doesn't break the bank.
I still think you guys should be made MODs and the current 'Cabal' of larger lenders take control of the Lending forum. I think you guys all share information and consult each other currently, so you are in a perfect position to further streamline things around here. |
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I think that established/advertising Lenders should be voted in as MODs for the Lending section in order to see IP addresses of prospective borrowers so that in case of scams etc, they could get started on ID legwork immediately and not have to rely on Theymos or anyone else if under time constraints.
Patrick, Burt, Kluge, Ina, senbonzakura......? ....others ?
This would definitely help in the pursuit of info gathering for defaulted loans and user identification etc.
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Why not just use enterprise PSU modules for redundant PSUs? They typically output only 12v and large amounts of it. You can get upwards of 4000w in a redundant PSU across four modules.
The nice thing about the above unit in the OP is ease of use. Standard PC/Power Cable 3-prong input and 12V Terminal +/- Output. I would rather not have to solder/crimp and/or hunt down schematics to locate the proper output leads etc ( not to mention, 'SPEC' Hunting, as most will be sold as model# replacements....not listing ratings as part of the sale's pitch....lol) on redundant replacement modules/cartridges without a backplane, although it would probably be a ton cheaper and only require a bit of legwork to get the job done. It's definitely something to consider.... thanks for the tip. I will check out prices. |
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I bought one of these http://www.ebay.ca/itm/320760140135?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1497.l2649It will do a little over 100A@12.2V, and doesn't require any load resistors on the standby 5V rail like some standard PSUs do. $20 at Digikey provided 10 6pin Minifit Jr connectors and 10 2pin Minifit Jr connectors along with 100 crimp terminals. So, total cost including shipping was $54 for 100A of 12V with 10 6+2pin PCIe connectors. That seems like a more cost effective way. If you already have PCIe cables, just the PSU was $34 shipped. That's insane ! Nice Score on the price. I wish I had easily accessible 240V to take advantage of odd-ball PSUs such as that. |
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My ' Google Authenticator', ' Transfer Codes' as well as the ' Much more to come..' are not presently working ...... just kidding Now that I got that bit of sarcasm off my chest, I do have a serious inquiry.... With the Transfer Codes, can you elaborate ? Would this be for Exchange Transfers ? (MT.Gox, BTC-e etc ?) or from account-to-account ? The possibilities of this new function kick ass (from what I've been able to think up uses for anyways)..... New site looks good, but I do miss the woodgrain. Thanks again Pirate. Transfer will start with account to account and scale to many other services. You fucking rule ! |
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My ' Google Authenticator', ' Transfer Codes' as well as the ' Much more to come..' are not presently working ...... just kidding Now that I got that bit of sarcasm off my chest, I do have a serious inquiry.... With the Transfer Codes, can you elaborate ? Would this be for Exchange Transfers ? (MT.Gox, BTC-e etc ?) or from account-to-account ? The possibilities of this new function kick ass (from what I've been able to think up uses for anyways)..... New site looks good, but I do miss the woodgrain. Thanks again Pirate. |
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I am interested in all 3 power supplies. Corsair HX1000 - 1000W PSU, $115
OCZ 800W PSU, $65
Antec Earthwatt 650W $40
Unfortunately I would need them shipped to Calgary, AB, Canada. Shoot me a total price and I will consider it if shipping is not a fortune due to the weight. |
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