Oh, ok, well that makes much more sense. A 4ph/s rental would probably cost more than a block reward pays!
At current prices on MRR, renting 4PH/s would cost about 76 BTC per 24 hours. At current difficulty, you'd expect that same 4PH/s to make 42.25 BTC. You might be able to pull it off on nicehash.com if you can get the gear for 0.01 BTC/TH/day. There it would cost you 40 BTC to rent that same 4PH/s for 24 hours. |
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They mine. That's what they do. They're called application specific for a reason. Any coin that has the same encryption (SHA256d) can be mined by them. You can't brute force. You can't render. You can mine SHA256d coins.
There were some interesting ideas about what to do with the byproduct of the mining process: the heat. I think the most creative I saw was a wood drying kiln.
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I'm also have an issue of not recieving funds from the last block that was found it gives me an amount but it doesn't show up in my wallet transactions.
I was hoping to use my exchange to cut down on fees. I know they say not to do that but i have been doing it on my exchange from all of my mining and it works just fine. Is there a reason for me not to on the p2p network.
Unlike most other pools, p2pool pays you from the reward generation transaction. In other words, you get newly minted coins. Some exchanges don't play nicely with newly minted coins - they expect the coins to come from a known input transaction, not generated. That's why you don't mine to an exchange. I really don't like the idea of mining to a wallet that could crash potentially bad idea. Maybe there should be an added change in code to support exchange deposits would be nice. Thanks dude the fast replies. That would be up to the exchanges. They'd have to alter their code to allow for generated coins. As for wallets crashing, if you're mining on your own p2pool node, sure that's bad because the p2pool code requires a connection to a functional Bitcoin daemon. Then again, you're taking that chance no matter on which pool you're mining. Heck, you can mine to a paper wallet if you really want to. As long as you've got the public/private keys in your control it doesn't matter. Personally, I run a p2pool node on a VPS. The Bitcoin daemon is compiled and built with no wallet functionality. It's job is to feed the p2pool node work. The addresses I use for mining are completely separate of that box. I make regular backups of my wallet.dat file and keep those backups stored safely. If I execute any large transactions, I make a backup immediately afterwards. |
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I'm also have an issue of not recieving funds from the last block that was found it gives me an amount but it doesn't show up in my wallet transactions.
I was hoping to use my exchange to cut down on fees. I know they say not to do that but i have been doing it on my exchange from all of my mining and it works just fine. Is there a reason for me not to on the p2p network.
Unlike most other pools, p2pool pays you from the reward generation transaction. In other words, you get newly minted coins. Some exchanges don't play nicely with newly minted coins - they expect the coins to come from a known input transaction, not generated. That's why you don't mine to an exchange. |
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I finally got a node up and running. How do you change the difficulty of your miner? Are there any interfaces i should look into that allow me more control? I saw some people charging for there public nodes. Once you have one set up how would you charge a fee? It would be worth it if the fees helped me pay for extra bradband.
To change the difficulty of your miner, you use the "/" and "+" arguments after your BTC address. For example, if you're mining with an S3, you might want to change the difficulty to 500. In the config screen, you set your worker like this: 1DeVLDoGvkbbB5n3dPvbpDbwiKGjYckCy9+500/500 The +500 sets your pseudo-share difficulty. The /500 sets you up to use the p2pool minimum share difficulty. There has been plenty of discussion on the usage of "+" and "/" in this thread. The short of it is that the "+" makes the graphs look nice. The "/" will tell p2pool what difficulty share to accept from you to add to the share chain. If you set "/" less than the current p2pool network share difficulty, it automatically uses the network share difficulty. If you set it higher than the network difficulty, it uses what you set. You can add a fee to your node by passing the --fee parameter on startup of your node. For example: ./run_p2pool.py --give-author 0.5 --fee 0.5
That will donate 0.5% to the author and will collect 0.5% fee for you. Thanks you. this is a massive the thread so sorry that i asked the question i was scanning through it and couldnt find an answer. The code you refer to ./run_p2pool.py that would be used in linux? I'm running windows. Where do i input that code through python? I never understood that part wish it was spelled out better in by op. Next pc is def a lunix based. I'm tired of compiling windows programs. I'm not a Windows guy, so I can't offer you much help there. I would imagine it's somewhat similar... maybe something like: c:\path\to\python.exe run_p2pool.py... |
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That will donate 0.5% to the author and will collect 0.5% fee for you.
An important thing to remember is that the way it works is a % of shares founds, not a % of the bitcoin paid by those shares. So each share has a 1% chance of going towards the fee+donation. 99% of the shares are paid totally to you. If you run a public node with 1% in fee+donation, you might not see anything happening at first. My hope is that one day if there's ever another major p2pool version released with mandatory upgrade, that forrest adds support for the donation (and fee?) to appear right with the share data in the blockchain. Thus if you are 1% donation, and a block is found, 1% of that share's pay goes to forrest and 99% to the share's owner. This smooths it out so you don't randomly lose a share (which you might only be finding once a day as small miner), and provides less variance to miners, pool operators, and forrest himself. Great point roy7, and it's worth repeating. When you charge a fee and/or donate to the author, the percentage you set is translated into a percentage chance that your found share will in fact be credited to the author's BTC address or your node's BTC address. Imagine you're only finding a share a day, and the share you found was the one the node used for a fee/donation. |
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If you could find some way to run them in series... I don't know too much about water cooling and I never really got into the thermodynamics and fluid mechanics stuff... but if there was some way to hook up like 10 boards to a single pump/radiator then I could see the density argument. Has anyone tried doing something like that? Throwing 10 boards, a pump/radiator/fans/etc into a 4U enclosure? I'm not sure if something like that is even possible... |
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That percentage shows you how how many shares it took to solve that block vs the expected amount of shares it should have taken. In this case, it took 80,219,210,336 shares. Expected number of shares to solve a block is 47,610,564,513. It took 168.49% (Bitmain, you might want to check your math on your page since you show 168.47%) of expected shares to solve the block. |
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Lol. Me with my huge 11Th.
I see your 11TH/s and raise my 9GH/s. Booyeah! {"hashrate1m": "9.43G", "hashrate5m": "8.81G", "hashrate1hr": "8.98G", "hashrate1d": "7.14G", "hashrate7d": "2.94G", "lastupdate": 1430144383, "workers": 1, "bestshare": 151967.86023650639} |
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I finally got a node up and running. How do you change the difficulty of your miner? Are there any interfaces i should look into that allow me more control? I saw some people charging for there public nodes. Once you have one set up how would you charge a fee? It would be worth it if the fees helped me pay for extra bradband.
To change the difficulty of your miner, you use the "/" and "+" arguments after your BTC address. For example, if you're mining with an S3, you might want to change the difficulty to 500. In the config screen, you set your worker like this: 1DeVLDoGvkbbB5n3dPvbpDbwiKGjYckCy9+500/500 The +500 sets your pseudo-share difficulty. The /500 sets you up to use the p2pool minimum share difficulty. There has been plenty of discussion on the usage of "+" and "/" in this thread. The short of it is that the "+" makes the graphs look nice. The "/" will tell p2pool what difficulty share to accept from you to add to the share chain. If you set "/" less than the current p2pool network share difficulty, it automatically uses the network share difficulty. If you set it higher than the network difficulty, it uses what you set. You can add a fee to your node by passing the --fee parameter on startup of your node. For example: ./run_p2pool.py --give-author 0.5 --fee 0.5
That will donate 0.5% to the author and will collect 0.5% fee for you. |
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Jesus 727, hook me up with those miners  All rentals bro, I wish I knew which one hit! If anyone has rigs on MRR that I've rented, please have a look at them. Checked and it wasn't my gear that hit for you... 4 blocks. Unreal. Keep it up and that vacation will be on your own island  |
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Why ? This halving bad is as i know
Well, we all know what will happen - at block 420,000 the reward for finding a block will go from 25 BTC to 12.5 BTC. What we don't know is what the price will be and what effect the halving will have on the market. |
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Thanks but i cant good understand share (
A share is a unit of work that your S3 submits to the pool. The pool uses these shares to calculate how much of the reward you get when the pool finds the block. |
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I sure would like to bring back the S1s back to life i do have a few left.
Fire them up and point them to ck.'s solo pool . Using them on a regular pool is just tossing money out the window... at current prices and difficulty you'll be mining $0.46 per day, but costing $0.96 per day - netting you -$0.50 - with an electricity cost of $0.10 per kWh (assuming 200GH/s at 400W). |
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Block! Too bad we didn't get that one with the 85BTC in transaction fees. I would have felt bad if we had, though. The poor guy who sent that never meant to send those coins as transaction fees, but the script he used screwed him. At least since it was included in a block by AntPool, maybe he might get lucky and be reimbursed. Good luck that happening here, where the transaction fees would have been distributed to every p2pool miner.
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Even but 100% was that my s3 was raning.
What do i ? That i will get 0.004btc ?
You need to understand how this whole thing works. When you look at mining calculators, they are providing you an expected value. They simply say, "Given the probability of finding X shares in Y time, you would expect to earn Z coins". The simplified version of the formula they all use is: 25 / (Network Diff * 2^32 / hash rate per second / 86400) = number of coins you earn in a day
25 / (47610564513 * 2^32 / 440000000000 / 86400) = 0.00464776 BTC
please tell me, what is above quotes, what is this number? 25,2^32,86400 Here are the numbers explained... 25 = number of coins for the block reward. 47610564513 = current network difficulty 2^32 = number of attempts to find a difficulty 1 share 440000000000 = hashes per second of an S3 86400 = seconds in a day what is share ?
Share is what a pool uses to determine how much work you have done. Your miner submits hashes (i.e. shares) to the pool. AntPool pays you for your shares using the PPLNS system. |
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Do it on a computer with a decent GPU. The GPU speeds it up quite a bit compared to CPU.
I personally have not used the online one, but I know some people do. I like to create them myself.
Even without using the GPU, creating an address that starts 1Ben won't take too much time. If you do wish to use your GPU, instead of just using vanitygen, use oclvanitygen: The -d 2 parameter is specific to my machine because I've got multiple GPUs (device 0 is the CPU, device 1 is the integrated graphics, device 2 is the discrete GPU). Creating the 1Ben address took less than a second. |
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Congrats man! Insane!
Thanks bro! That vacation keeps getting upgraded . Congrats yet again! |
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If ever the S5 reboots, you'll have to do this process again, since the new cgminer is in volatile memory.
That might be a deal breaker for me. I appreciate your response, but I don't think this is a reasonable approach for a larger farm. I will do some testing on my more stable units though thanks to your guide. I do wish bitmain would open source their firmware so that an easier and more permanent solution could be implemented. Is that something new with the S5? I have S3s and replacing the binary is certainly not in volatile memory. I've heard that changes you make to the init.d scripts might get lost on reboot. In any case, couldn't you just write a simple script to execute on boot that does these steps? Or would any script you write also get lost on the reboot? There's got to be some place that's not lost on a reboot... |
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My predicted payout went from .06 to .25. Sounds good to me, but what gives? I'm seeing 111.18384982 BTC total to be paid. 
My predicted payout went from .06 to .25. Sounds good to me, but what gives?
No clue... I'm seeing the same thing. All predicted payouts are off. Look at the top 2 miners... their combined expected payout is over 34 BTC. Maybe someone gave a big donations to P2Pool users? No, you would have gotten the transaction in your wallet if it were a donation. Things seem to be back to normal now. Weird. |
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