The bonuses offered by bravo-mining are nice and the idea of getting the tx fees on mmpool sounds good, but with what you are running for gear, it is very unlikely that you will find a block and get those rewards. You will find a more consistent payout at kano.is, because the pool it larger and finds blocks more often.
With only a gridseed orb, he'd be squarely in the "dust" category when mining on kano's pool. On a small pool like mine or mmpool, because we go for longer periods of time between blocks, his balance would likely be large enough to not be considered dust. |
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Remember ghash.io? At one point they had over 51% of the network hash rate. Now they're shutting down. If anyone mines there, or knows miners that were still there, spread the word that we're open for business and welcome all miners.
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Anyone looking for a new home is welcome on my pool. Servers in the US and EU. Been around since November of last year. PPLNS payout with 0.5% fee. Link in my sig, and pool thread here: https://bitcointalk.org/index.php?topic=1330452.0Looking forward to seeing some of you there. |
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Only an hour left... someone hit a block so I can give them some coin  |
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Best of luck everyone!!! Hopefully we can discover a block or two today |
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Don't forget to point your hash to bravo-mining.com today! Everyone who solves a block will receive a 1.492BTC bonus. About 13 hours left of the promotion, so get hashing and win!!!
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Higher hash rates just mean you submit more hashes in a given timeframe. With the payout mechanism used on pools like mine and kano's your hashes are valid for a known window (on our pools, that's 5 times the current network difficulty). In other words, if you submit one hash right now, 1292613742023 hashes later, that hash would fall out of the window. What this means is that you would expect that hash to be paid 5 times. This explains Phil's comments from earlier where you get a lower payout at first. A lot of times you'll hear the phrases "ramp up" and "ramp down". Here's an explanation of PPLNS from another of my posts: Assume you have an empty glass in front of you. Now, you start pouring water into the glass. Every now and then I'm going to come by and take a look at that glass and measure how much water you've got in it. The first time I come by, you've got the glass only 1/5th of the way full. I mark that down and pay you for 1/5th of a glass of water. I come by a while later and you've got the glass 2/5 full. OK, I mark it down and pay you for 2/5 of a glass of water. This continues until the glass is full of water. Once your glass is full I pay you for a full glass of water, but I also now open a valve at the bottom of the glass so that water drains out as fast as you're pouring it in. In this fashion, your glass will always be full of water and every time I stop by, I see you've got a full glass and pay you for it.
Eventually, you stop pouring water into the glass. However, that valve is still open, so the water is draining at the same rate you were pouring. When I stop by the next time, I see you've only got 4/5 of a glass, so I pay you for that much. The time after that, the glass is only 3/5 full, so I pay you for that. This continues until the glass is empty.
In my story above, every time I stopped by is equivalent to the finding of a block. I see how much water you have in the glass and pay you for however much is there. My story assumed I stopped by at even intervals of time, so you'd always know when to expect me.
So, how does luck play into it? Well, every time I stopped by, I made sure to calibrate that valve on the bottom of the glass. If I stopped by more often than expected, I'd mark you down and pay you. If I stopped by less than expected, the valve would clog up and the water you were pouring in would slosh over the edge of the glass and be wasted. When I finally did stop by, I would notice you had a full glass, and pay you for it, then fix the valve so that the pour rate equaled the drain rate.
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That you have . I remember that SP20 promo... won by a miner with user name something like sp20winner... |
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Learned something new... had no idea about Leif Erikson day Good luck, Phil! |
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Let's do another promo!
Tomorrow is Columbus Day in the US. Anyone who finds a block between now and the end of the day tomorrow (i.e. 2016-10-10 at 23:59:59 EDT) will receive 1.492BTC bonus from me.
Good luck everyone!!!
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That's correct. I offer promos and pay out of my own pocket. This is above and beyond the block reward and transaction fees that miners earn on the pool. Here's what I've paid out in promos: 1 BTC to VeNoMZiTo 1 BTC to YuenglingDude 3 BTC to Borachinua 1 BTC to rozo 2 BTC to dsppage 1.5 BTC to kilo17 0.5 BTC to philipma1957 (birthday promo) Yeah, I've paid out quite a bit of coin to my miners . |
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I didn't know mmpool paid all block transaction fees to the block finder. Learned something new. Thanks, Phil @paramind22, p2pool also gives the block finder a small bonus: 0.5%. However, as kano correctly points out, that means all the other miners are making less per block. |
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Ummm... all pools let you keep part of the block reward... that's what pooled mining is.
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I assume by profit you mean to convert any BTC you mine into whatever local currency you use. Ultimately then, you must ensure the coin you sell nets you more currency than what it cost you to mine that coin in the first place. Two big factors here: hardware cost and electricity cost.
The more you pay up front for hardware, the bigger the hole you need to dig yourself out of to make a profit. The cost of the electricity plays a large role in how fast you are able to get out of that hole.
Other factors include the network difficulty changes and the value of the coins when you sell them. As the network difficulty increases, the less coin you will earn with the miner. You have to hope the value of the coins rises correspondingly, or your profits decrease because you're getting less coin from mining.
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Another diff increase. It's truly amazing how much hash power is out there. Think about it. If the network hash rate was averaging about 1.5EH last difficulty period, to raise it the 7%, that means another 105PH of gear was added. Who is adding that kind of hash? Nobody's selling any new hardware (at least to retail markets). Is it Bitmain replacing it's aging hardware? Is it another manufacturer keeping quiet about their own new hardware? Is it that the network was just lucky these past few difficulty periods and things were overcompensated? Who knows... Food for thought. To add 105PH, that's 8121 Antminer S9 (the 12.93TH batch 9 ones). I'd need 30000 Avalon 6 to hit that target... only need to add 29980 more  |
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Hye all. I just want to know if my miner is only got k/h, how much my percentage to earning block of bitcoin.
Thanks
You've got a better chance of stepping in fresh dinosaur crap while being struck by lightning. So did you mean what im doing is useless right. Not really useless, but a low-chance high-bet lottery LOL... ok, I'll actually do the math . Since the question was expressed in hash rate of kh/s, I'll give the median value of 500: diff * 2^32 / hash / 86400 = number of days to solve block
241227200229 * 2^32 / 500000 / 86400 = 23982938330.768488675555556
That means you've got about a 1 in 23,982,938,331 chance of finding a block in a day (i.e. 0.0000000041696% chance). You have a significantly better chance of winning the US Powerball lottery (1 in 292,000,000) than you do of finding a block. Random luck stats... Chance of being struck by lightning in a year: 1 in 960,000 Chance of being struck by lightning twice in your life: 1 in 9,000,000 Chance of getting a hole in one: 1 in 5,000 Chance of winning an Olympic medal: 1 in 662,000 Chance of stepping in fresh dinosaur crap: 0 |
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Hye all. I just want to know if my miner is only got k/h, how much my percentage to earning block of bitcoin.
Thanks
You've got a better chance of stepping in fresh dinosaur crap while being struck by lightning. |
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Lets hope the A7 fixes the giant flaws with the A6...namely the massive cooling problems the A6 has
I've got 20 A6 and haven't experienced anything remotely like what you are describing. maybe he was using a hot attic space to mine with them. when the room got near 100f it had issues, but that is the rooms fault not the A6 Agreed... that's an issue with the environment, not one with the miners. With my 20 miners, I've had to replace a fan on one of them. That's the extent of the work I've had to do. No dead boards... getting advertised or better hash at default voltages. This includes the ones I bought through your group buys, as well as ones I purchased elsewhere. |
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Lets hope the A7 fixes the giant flaws with the A6...namely the massive cooling problems the A6 has
I've got 20 A6 and haven't experienced anything remotely like what you are describing. |
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