Image removed for space consideration! someone tells me what it means? I found 15 blocks? and my gain and 0.045 BTC? I never understood this system  OK let me splain lucy... ...whole bunches of words Wow... that was a whole lotta words  My previous explanation was harsh, but accurate. Marvykkio had no clue was he was doing... pointed his S5 at a pool without understanding what it meant to do so... saw that his miner found blocks, but didn't understand what the miner UI means... and is complaining about not seeing hundreds of BTC in his wallet. |
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My computer was hacked last night. I was stupid and clicked on a email I should not have and before I knew what happened my coins were transferred from my wallets. I had PW set on the wallets but still they were able to transfer out. Is there anything I can do or is it gone. Really sucks.
Well, first... hard lesson and you knew you shouldn't have clicked on the suspicious email in the first place. Oh well... If your wallet was truly password encrypted, then the malicious software that invaded your system from clicking that email would have to access that password. Did you enter that password at any time (key logger)? Did you store that password somewhere on your infected hard drive (i.e. passwords.txt)? Did you use the same password for the wallet as you use on other sites, and store that password in your browser? |
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Better luck (lately) seems to correlate with slush's switch to version 3 blocks. Is there a technical explanation for this?
Recipe: 1/3 tbsp. of black magic 2 lumps of superstition a pinch of voodoo 3 tsp. of random and a gallon of confirmation bias. Mix vigorously. For an extra kick, pour in gambler's fallacy until mixture thickens. And a clear illustration of "any sufficiently advanced technology is indistinguishable from magic". As soon as people simply accept that technology IS magic, we'll all happily move along with our lives. Hey, how does that mobile phone work? Magic! Oh, how does that 4K tv work? Why, magic of course! See how much easier that is?  |
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I just got a router. everything is plug in correctly. I am able the login to the new router using the its IP address. but when I login to the new router the IP address for the antminers are not listed. I really don't know what to do or whats going on.
What is the IP address of the new router? Things need to match. For example, if your old setup was working properly and you had never changed anything, it is very likely your old modem/router was providing addresses to your hardware in the 192.168.0.XX range. The S3 uses this same range, so everything would have just worked happily. If you're having problems now, it's very likely the new router from the new ISP is using a different IP range, so it can't see those S3s (which are still using the old 192.168.0.XX address). |
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Hi All,
I am in the process of setting up my first mining farm and would appreciate any help or suggestions.
I am basing the farm in a south Asian country where the electricity rates are circa £0.018 pkw.
I am going to be purchasing 10x antminer S4+ and putting them into a standard 47u rack, with a UPS and airconditioning etc..
Using the calculators available online i can see that it is likely to break even fairly quick, even so with the decline in the cost per BTC. the cost i feel is acceptable as i was one of the lucky people who stumbled across bitcoins in the early days, however i have only just got back into researching.
I am in the process of finalizing the premise etc.. and was wondering lifespan of rigs etc.. as i cant go across the world multiple times a year. I'm also wondering how plausible it is to set up remote monitoring, do these come with interfaces that i can just open a port on the router and access via the WAN IP? I will have people nearby who can act as 'smart hands' should any hardware failures occur. Any constructive criticism will be appreciated however i am definitely going through with this for the inevitable doubters..
Thanks in advance
Put a $35 rPi in there and have it function as your VPN server. It takes all of about an hour to setup. You can remotely access your miners. I have been running this for quite some time. With your power costs being virtually negligible, you'll be raking in some pretty decent coin. Feel like hosting a few extra miners? |
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Hi.
I have been accepted into this campaign by carra23. My starting post count is 2219. My rank is Sr. Member (it will be Hero Member on July 7, 2015). My BTC address is in my profile, and I have posted it here as well: 1DevLdogN52pHdjZnsgi4HzreFDB4ZHVre.
Please let me know if you need anything further.
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It means you have a complete and total lack of understanding of how mining works. Do you know what the share difficulty of solving a block of bitcoin is? Here's a hint: it's 49,402,014,931. What's your best share? 300,697. Hmmm... is 300,697 greater than 49,402,014,931? Nope. You have NOT FOUND a block of BTC. You are most certainly not solo mining since your miners are pointed to the EU stratum server of nicehash. Your gear was rented by someone mining some alt coin with a low enough difficulty that your miner found 15 blocks. Nicehash paid you for your submitted shares as described in their contract, which you agreed to by signing up for their pool and providing your miners for rent. |
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Hi guys,
I want to start bitcoin mining in a pool but with low hardware i guess
So ... I want to buy BitFury Red Fury Bitcoin Miner - USB ASIC Bitcoin Miner 2.2+ GH/s
Can you tell me witch pool is the best ?
And how much will i earn daily or monthly ?
And how much does this usb consume electricity ?
+
I have only 250kb/s internet speed (download) is it a problem ?
Thank you ^^
Honestly if you are for sure going to do usb stick miner I would wait for sidehack's to come out. Most usb stick miners are for learning and fun, not for profit. Just a lot of parts compared to speed. If you buy a Red Fury you will not make back the cost of usb miner. It's been a long time since stick miners have been profitable. I would personally look at bigger miners. No it does not take much internet connection for it to run. Chances are you will want a raspberry pi to run it so you don't have full computer running for a stick miner. So electricity cost very small but income even smaller. Thank you for you reply ^^ So what should i buy ? + I need something that doesnt much consume electricity and doesnt make noise And also profitable LOL... we ALL want that. Too bad the unicorn doesn't exist. Your expectations are unrealistic. Currently, to meet the low end of your expectations (0.01 BTC per day) you'll need at least a 1TH/s miner. An Antminer S5 would fit that bill; however, it's loud and consumes 590W. If your power costs are expensive, then you can pretty much forget the word "profit" even exists, since you'll very likely never see any. Cloud mining is certainly an option, but beware. The vast majority of them are scammers running Ponzi schemes. There are certainly legit ones (HashNest, Genesis, etc), but like owning your own hardware, profits can be hard to come by. |
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the price could go down and the difficulty could increase by 10-20%. And I'm not sure I can get free electricity for 24 hours the price here is 0.13/KwH. I really regret buying these 2 s3s now at 300. Is there a place where I can sell them, I've posted on craigslist.
I thought you stated that you were not paying for power? Now that you state your costs are $0.13 per kWh, you are making pennies every day with those things plugged in. Given the current exchange value of BTC and difficulty... An S3 running at normal speed of 440GH/s consumes 340W. 440GH/s expects to make $1.15 a day. Your power cost is $1.06 per day. Your net earnings... $0.09 a day. It's gonna take you quite a while to make back that $300. By the way, you could always post them up for sale here on the forums as well: https://bitcointalk.org/index.php?board=75.0 |
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After taking a bit of a break from mining, I'm looking at maybe getting back in. My Gridseeds will probably cost more to operate than they'll earn back, but there's a chance the Antminer S1s might still eke out a profit if they mine altcoins. I might also throw some money into rentals so I'm not warming up my condo unnecessarily. Anyway, thought I'd take a look at Mintsy, from a standpoint of running my existing miners through it and possibly renting miners in the future. I set up a couple of workers, set them to use an external pool, and switched my Antminers over. No hashrate showed up at the remote pool. I tried switching to Mintsy's Bitcoin pool...still no dice. Looking at the web interface for the miners, they say Mintsy's dead. They had been out of service for a few months, so I pull the latest version of cgminer from https://github.com/kanoi/cgminer-binaries/tree/master/AntS1 and install it...still no dice. I also found binaries at https://github.com/7queue/cgminer-ckolivas/tree/master/bin that mention extranonce.subscribe support, but that also made no difference. One other suggestion: Mintsy really should support TOTP two-factor authentication. SMS is clunky for the purpose. I already have Google Authenticator installed for a bunch of other websites (including Cryptsy) and would rather not have to install yet another 2FA app. I've successfully pointed my miners to mintsy (I use S3s) directly, but routing from MRR to mintsy doesn't work at all - unless they've since fixed the issue, it's been a while since I tested it. I have the extranonce patched cgminer 4.7 for the S3 (from NiceHash) and it works out fine. I'm not sure about the S1s since I sold mine last year. Mintsy does indeed use 2FA... I have it setup on my account using Authy. Go to "My Profile" and you'll see a "Two Factor Authentication" panel where you can set it up. |
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Looking at logs, moments after BTC Guild shutdown someone started a DDoS against the web server. *sigh*
The timing has the small conspiracy theorist part of me thinking that another pool did it to prevent refugees from BTC Guild from considering Eligius...
Oh well, fixed.
Going to do some brief maintenance on the web server while I'm at it.
-wk
Well, given the timing, I wouldn't call it a "theory" anymore. Btw: Eleuthria mentioned that there were some weird things going on against BTCGuild and that he wanted to forward his findings to Organofcorti. Are the three of you in contact regarding these issues? Just asking so I don't have to mumble the non-working magic words :-) It was about the recent bad luck at both pools. I didn't find anything impossible about the luck at either pool (or both combined). If you're wondering what I consider "impossible", you can use as an example GHash.io's luck from August last year to end of May this year. Thanks for the quick response. Regarding the bad luck, a - maybe silly - question: Could it theoretically be that shares are being redirected directly at the machine, i.e. has anybody ever made a tcpdump for a longer period of time from different machines to see where the shares are going to? Or is this nonsense, i.e. would this be an attack which could be discovered too easy? Using some kind of redirect won't affect the pool's luck because the shares wouldn't be counted against the pool. Now, withholding a block solution... that would certainly impact the luck. |
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How or where would you include the rewards/fees/etc in this scenario (obviously not part of net cost)?
Bitcoin network does not produce bitcoins. Bitcoin network like any transaction system produces transactions. Every time a block is added to the chain there is a coinbase transaction that currently awards 25 BTC plus fees. It is a transaction that is produced by the network. |
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I've been mining with you for just over 4 years. Thank you for the great service and good luck with your future endeavors.
You've got some funny math skills... the announcement post is dated 10/22/2011. The first block with BTC Guild in the coinbase script was 152700 on 11/10/2011. If you're going to make something up, at least make it somewhat credible. Eleuthria, best of luck to you in your new cardboard mansion The pool has been public since May of 2011. This announcement post is the 2nd post for the pool. When it changed from Proportional to Pure PPS (and before PPLNS was introduced), we started a brand new thread. BTC Guild mined *thousands* of blocks without a tag in the coinbase, because the old pushpool software we used in the early days didn't have a built in way to add coinbase tags. We were the third oldest still running pool (second oldest if you start measuring from our first block found with the pool software during private testing, but Eligius opened up to the public a few days before BTC Guild). EDIT: Original forum thread for the pool: https://bitcointalk.org/index.php?topic=7760.0Thanks for the clarification eleuthria. I do indeed wish you the best in whatever it is you decide to do. Dust, please accept my apologies. I based my reply on the information I had available, which was quite obviously incorrect. And, I admit, I saw the newbie tag on your account and jumped to conclusions. Again, my apologies to you. |
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However, you need to also include the rewards provided by the 25BTC generated per block as Phil pointed out.
No. The net cost of transaction does not depend of block rewards/fees/etc The net cost is "cost of resources in external currency" divided by "count of items" Is "net cost" some accounting term that is specifically defined the way you did? I'm not an accountant, so I just don't know the terminology . Using your definition, I will agree that the "net cost" is $5.04. How or where would you include the rewards/fees/etc in this scenario (obviously not part of net cost)? |
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While I agree that the difficulty is way more "calm", that's only relative to our brutal experience in 2014. The difficulty has still adjusted upwards of 25% in about 6 months. That's about 56% per year assuming it remains this "calm". It's possible we have hit some kind of saturation point, that will essentially limit how rapidly difficulty can grow. If price were to go up significantly, I am certain we'll see bigger difficulty increases.
Yes, the difficulty certainly has trended upwards, but that trend is nowhere near what it was last year. Look back at prediction/ROI threads from last year... if you even thought about suggesting anything less that 10% increase per adjustment into a calculator, people dismissed you as a wacko . Now people regularly throw around 2% increases as a good value to use. Are we going to see increases? I absolutely believe we will. Do I think they will be 56% per year? No. ASICs aren't going to get much faster, or much more efficient any time soon. Yes, they will improve, but not at the pace they did in 2013/2014. Will new farms come online? Yup, but a whole lot less frequently than the past couple years. Of course, this is all speculation, and I'm just as likely to be eating my words 12 months from now |
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There are some pretty far fetched numbers being thrown around in this thread. Thankfully we're in the speculation section If we assume your 100k transactions per day are contained in 144 blocks mined, and also assume that the price per BTC is $250, and that the average power cost is $0.10 per kWh, and that the network is 350 PH/s and finally that power usage is 0.6kW per TH/s (which I believe is pretty optimistic, I'd push it more towards 0.75kW per TH/s)... 350,000 * 0.6 * 24 = $504,000 overall total cost to bang out those transactions, so a total cost of $5.04 per transaction. However, you need to also include the rewards provided by the 25 BTC generated per block as Phil pointed out. 25*144*250 = 900000. Divide that by the same 100k transactions and you get $9 earned per transaction. So, in this speculation, each transaction nets $3.96 earnings. |
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but there was a sudden increase in difficulty in 2014 and with high difficulty changes around 20% the calculators show that I may never recover my investment
Of course you won't recover your investment if you assume the network is going to have a 20% difficulty increase every adjustment while the exchange rate of BTC remains static. Sure, there were plenty of large upward adjustments in the past as ASIC adoption became widespread and huge industrial mining farms came online. You'll also notice that things have settled down quite a bit. 11/5/2014 was the last time the difficulty adjusted upwards of more than 10%. Since then, we've gone from a difficulty of 39,603,666,252 to our current level of 49,402,014,931. That's 17 adjustments, of which 7 of them were adjustments down. |
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I've been mining with you for just over 4 years. Thank you for the great service and good luck with your future endeavors.
You've got some funny math skills... the announcement post is dated 10/22/2011. The first block with BTC Guild in the coinbase script was 152700 on 11/10/2011. If you're going to make something up, at least make it somewhat credible. Eleuthria, best of luck to you in your new cardboard mansion |
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I updated my bitcoin-qt and the newer version, Bitcoin Core, reindexed the blocks. It shuts down every day and now today it says it has to reindex all the blocks again.
Yesterday I sent ~.1 btc to Coinbase.
Is this maintaining a blockchain getting abusive? Some kind of scam to force the use of an online wallet that will incur charges?
I'm not entirely sure why your client is shutting down and forcing you to reindex every day. That would seem to indicate an issue with your machine. I've got multiple instances of the latest release (0.10.2) running on Linux, OS X and Windows and they do not suffer that problem. Also, you aren't forced into using an online wallet. You can use SPV clients like MultiBit HD and Electrum. |
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Greetings Eligius Miners, Sorry about the web server this morning. It looks like it was DoS'd earlier and my fail-over decided to fail so it never came back up until I kicked it.  I'll work on that. As always, the web server/stats have no impact on mining/rewards/etc. So even if the site is down, everything is fine really. On another note, there is this stupid spam/DoS attack happening against bitcoin right now where some entity is trying to fill up the blocks of miners with trash. I'll point out that Eligius is effectively filtering about 99% of this garbage, so by mining here you're helping to thwart such nonsense. I've gotten a few questions about why Eligius seems to be mining such small blocks compared to other pools, and this is why. We're not mining the spam. As of this moment it looks like Eligius is filtering something like 15-20 spam transactions per second. I would hope more pools would be on board with keeping the block chain clean, but judging by the spam content of everyone else's blocks this doesn't seem to be the case. In reality, legitimate transaction volume is pretty normal looking. As for a manual catch up of the payout queue, I've admittedly been slacking... a whole lot else going on with Eligius and otherwise and I just haven't had a chance to sit down and do one with all of the requisite verification, which takes a bit of time. I'm going to make it a point to try and do this sometime today/tonight as I don't want anyone having their payout delayed any more than normal. Thanks! -wk Thanks for the update  If anybody wants to read up on the spam transactions, have a look here: https://bitcointalk.org/index.php?topic=1098263.0. |
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