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I pointed my soon to be retired BFL SC Singles (5x60GH/s) at the pool at was getting tons of duplicates with the latest stable BFGMiner. By tons I mean close to 15 or 20%. I would get about 1% at most with BTCGuild or Bitminter. I would like to try out the pool but until my new S3s get here I'm going to have to hold off since my gear isn't playing nice (difficulty was settling to somewhere between 800 and 1200 after 30 minutes for the 300GH/s)
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Bandwidth for mining is very minimal - less than dialup levels. You can use a program like DUMeter to measure up and down streams on a USB based miner but not on an S3 specifically.
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Time to get back to topic!  Source: As per photos: The Zhao approximately 1,500 square meters of mines, mining machine deployed about four per square meter, power consumption 4KW, combined computing power of the entire site about 500TH/s, the new count is about to force on-line about 800Th/s  I would like to see somebody do a thermal of this type of setup to get an idea of where the heat is concentrating. I'm assuming there are vents at the top to exhaust the heat. |
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I might be a first day attack  Attack? What attack are your referring to? It is simply the variance of the network - it will never consistently find a block/10 minute and so the ESTIMATED rate will bounce around. It's always an estimate. |
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I see a swing between 123 for the lower band and 162 for upper, so average of 140 roughly, 20/140 swing ~ 15% swing in each direction - that's crazy? Look back at the old graphs in 2010 and you will see cycles where people turned on and off rigs based on the payday and you had even wilder swings (CPU days). Zoom the scale out and you will see it's nothing new. |
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While the Bitcoin world moves quickly, the conventional world in which the miners are hosted moves slowly. If a company spent millions of dollars building a warehouse and got power contracts and is just now getting online with hardware it would just hit the network despite being ordered/payed for months in advance. Remember less than 3 months ago BTC was almost $700 and 4 months ago it almost doubled in 1 month - people have to guess future trends.
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BTC Guild is one of the largest public pools and it still is noticeably influenced by variance. Look at the graph under the PPLNS section and you'll see the pool luck which is out of your control.
Also, you cannot count how much each block earns until the shift closes which is after 9 shifts close after it. So essentially you are getting paid on a 10 hour delay. At the end of 5 hours of mining you can make more even if you stop your miners for up to 5 hour as more block might be found for that shift.
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May I buy one Bob? Everybody needs a little crazy!
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Find a pool that has no fee is the best.
So a pool that has no fees and 2% orphan rate, 1% reject rate and 0.5% downtime is better than a pool that has a 2% fee, 0.1% orphan, 0.1% reject and no downtime? Penny wise, pound foolish So a pool that has no fee, 0% orphan rate, 0% reject rate and 0% downtime is the best... Do we have such pool? 0% downtime is nearly impossible. Even google can be down for sometime a few time a year. Pools which have 99%++ uptime is recommended. If the pool is down, you could always switch to a backup pool. 0% is impossible. 99.99% is not, and some pools have less than 4 hours of hiccup time during an entire year - BTCGuild is one of those. Not having to babysit my ASICs and make sure the pool is not disconnecting them and getting stale shares is worth more to me in time savings than trying to eek out a theoretical 0.01% more profit on another pool. Time is money after all. |
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Grab your money and quit this as soon as possible .... Scrypt? Opens a window and throw your money, it is faster and in the long run, less painful
So you think the mining time is over? Then, why there are a lot of miners out there? I don't think you can determine how many miners there are out there. All you can guess is the hashrate. That hashrate is increasingly coming from large private mining pools that are owned by the ASIC manufacturers. Go ahead and mine versus them - see who "wins". |
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Difficulty: 24425.1 as more and more asic scrypt miners are produced diff will continue to climb, once bitcoin enters the institutional space, litecoin will follow soon after! All those hedge funds and pension funds will eventually have to invest in crypto and after Bitcoin, Litecoin will be second best choice. Hold your litecoins!
Yea, litecoin, which offers nothing over Bitcoin besides a stupid name and silver logo, and having no unique features of it's own(also being in a downtrend for almost a year), is gonna be the second best choice? In a alternate universe maybe, but not this one. See the thing is, unlike your trollfest threads where every dissenting voice is silenced by a deleted post, here we get to mock you for your silliness out in open. You forgot to add that Litecoin also shot down MH17 (in your universe). |
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ScryptGuild Closing Down
ScryptGuild is going to be shutting down on September 27, 2014. The mining servers will halt in 2 weeks, which is August 10th.
[...]
These days, it looks like it's time to work on that project. It is not only one that I have been wanting to do, but also one which I believe has a much brighter future than a scrypt-coin mining pool.
Eleuthria, you've posted this general statement here and on the scryptguild website. It just feels like a teaser/cliffhanger statement, but you don't shed any light into your future project. Any hints on the topic? Will there be a status update when you get going on that project? Thanks for putting in the long hours to get us to here. I'm glad that when you threw in the towel you let people know in advance. Its not always obvious or an easy decision. He mentioned it in the BTC Guild thread - I think it will be something separate from mining which he has put off because of the Guild sites. Moving on to bigger and brighter things. |
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Has Anyone Been Successful Mining BitCoins? If So, What Have You Done?
P.S. If you have not been successful with bitcoin mining, please resist the urge to reply. If you have been successful, please feel free to offer any helpful advice, tips, tricks, pitfalls to avoid.
A consistent consensus from other bitcoin users based on my observations and research seems to suggest things such as bitcoin mining isn't profitable or that companies who make mining devices can't be trusted, or that by the time the average citizen receives such a device, it is useless. I've also heard statements that seem to suggest that companies are not benign or trustworthy and that they use such devices themselves until they are no longer useful before selling them to the public. But I get the feeling that bitcoin mining has to be successful to some degree besides with large companies/corporations or rich people, otherwise average users would have abandoned this concept years ago. There's no point in investing in something that isn't profitable, so the feedback I receive from other miners will be critical in my decision of whether or not to invest in bitcoin mining. I'm particularly interested in understanding what successful miners have done to benefit from this endeavor. I'm not really interested in hearing from users who have not been successful with it because such information isn't very useful for me at the moment. I interested in receiving feedback from a specific targeted audience: successful bitcoiners (I optimistically assume such people exist). I'm interested in learning exactly what it takes to be successful with this if possible. I would like a no-nonsense, no-bs, straight-to-the-point detailed explanation of what to do and how to do it. At the very least, I would like to be pointed in the right direction. I want to avoid being the person who ends up regretting that they ever decided to make an investment in bitcoin so if I receive no reply from successful bitcoin miners, then I will assume that bitcoin mining is an unprofitable endeavor that's not worth anyone's time. Nevertheless, Hopefully I hear from the right person soon. I appreciate your contribution in advance.
Respectfully,
Hero
If you want to be successful you need to do a lot more reading -Life in Bitcoin world moves 10x the speed of other worlds. For miners to abandon mining years ago would be like for people to stop using banks for decades. Only in the last 5 years have people really voiced hatred over the central banking system -Hearing what to do is helpful if you are able to repeat it. This most goes towards setting up your mining environment and plan -Hearing from failures is actually more important. You made a conflicting statement saying you don't want to regret entering - then you need to hear about the failures. DO NOT BUY ANYTHING FROM BFL (one of my failures). |
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Just got into watching Defiance a few days ago - up to episode 6 on season 1 and it seems decent - but still not as good as classic Star Trek (TNG, Voyager DS9).
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My eyes... it burns! Seriously if I stare at that thing anymore I'm going to get a migraine - you need to put a warning on it or somebody will have a seizure |
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Sell the rig for $30 and buy 0.05BTC with that - that's more than the hardware could ever mine.
I think the rig worth much more then $30 just not worth for mining.. Well I live in the Los Angeles area and if I asked more than $30 for that rig it wouldn't even get a lowball offer. Obviously the value will vary based on region. If the OP doesn't need the machine best bet would to sell it and buy BTC directly given the current fiat price drop. |
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By the way Mr 102 guy didn't need a lot of money to move to 102. Most people weren't expecting that dump and nobody had orders in place so the hot knife sliced through butter. The month after that everybody had orders in the 100s, 200s, 300s, 400s - of course most of those never filled and they have since pulled their orders since most people need their spare money.
Timing = whale, not amount (given the obvious that 0.1BTC is not going to move a market).
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Yes, because there is not something ilegal with bitcoin . Moreover i cannot find any reason my goverment would ban it completely :3
But what if they did ban it? The op isn't asking if they would or if it's justified, but what you would do if they did. The government has shown itself to be quite competent when it wants something and quite incompetent at every other moment. Here's to hoping for incompetence. |
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I think the OP is somewhat biased. I should start by saying that I very much think that rape is wrong on many levels and raping young girls is much worse.
It should be noted that the lies are mere allegations.
It is also important to note that jail is not always the answer to a person who has committed a crime. A long jail sentence is going to burden society who has to bear the cost of keeping this person in jail. If a person can be rehabilitated in some kind of rehab program or otherwise then the person has the possibility of contributing to society in the long run ( as well as the short run ). I admit that this is likely not an appropriate sentence for lost repasts however for some it may be.
Another thing that needs to be taken into consideration is the amount of evidence against the defendant. If there little evidence that would convict someone then the prosecutor may offer a lesser charge and or a less sentence in exchange for a guilty plea.
Are you one of those people always looking to find a rainbow? This man is a billionaire. Has he found the error of his ways and tried to make amends for his past transgressions like Jean Val Jean? No this isn't Les Miserables. If anything he's sorry - sorry he got caught. |
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