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381  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: April 16, 2014, 05:39:45 AM
They have the in stock 1.6Th/s miners out on sale for $4799. Lots of people must have cancelled their order and requested a refund.


probably because KnCMiner just opened up sales of mini Neptune for $3500 at same speed and lower power consumption than cointerra's.
382  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: April 11, 2014, 07:02:26 AM
I couldnt find the answers hence i am looking for help. Refreshing webpages i got that down though

https://www.google.ca/search?q=bitcoin+mining&sourceid=ie7&rls=com.microsoft:en-CA:IE-Address&ie=&oe=&gfe_rd=cr&ei=dJJHU9aeO6KV8QekyICoAw

much resources. many answers.
383  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: April 11, 2014, 06:05:52 AM
right on the main page, it says current shares. this is the most accurate you will get.

but my current share states this number 11253501 and it keeps on increasing every time i refresh. It cant be 11.25 Th/s cause i dont even have that much power.



11253501 is your shares, not your hashrate

I suggest you (eagerminer) read about mining before you start. (and maybe about refreshing webpages)
384  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: April 11, 2014, 01:39:33 AM
right on the main page, it says current shares. this is the most accurate you will get.
385  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: April 10, 2014, 04:40:32 AM
There is something weird going on my total reward hasn't increased since yesterday. Who's taking all the credit for the work I'm doing?

luck is taking the credit
386  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: April 09, 2014, 12:06:47 AM
perfect
387  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: April 07, 2014, 05:05:33 AM
Definitely seems like something is wrong with your setup. I know with my 33GH/s slush's vardiff would put me around diff 32 and I have way more accepted shares than you seem to get at diff 1. I use BFGMiner btw. maybe try asking in a cgminer thread.

example of mine:
Code:
[2014-04-06 22:06:16] Accepted 056596b7 BFL 0e Diff 47/32 
 [2014-04-06 22:06:18] 5s:33.11 avg:33.04 u:32.72 Gh/s | A:75464 R:265+11(.36%) HW:8691/.40%
 [2014-04-06 22:06:23] 5s:33.16 avg:33.04 u:32.72 Gh/s | A:75464 R:265+11(.36%) HW:8691/.40%
 [2014-04-06 22:06:28] Accepted 00246dce BFL 0h Diff 1.8k/32
 [2014-04-06 22:06:28] 5s:32.84 avg:33.04 u:32.72 Gh/s | A:75465 R:265+11(.36%) HW:8691/.40%
 [2014-04-06 22:06:33] Accepted 01193c47 BFL 0e Diff 233/32
 [2014-04-06 22:06:33] Accepted 010ae57e BFL 0f Diff 245/32
 [2014-04-06 22:06:33] 5s:33.08 avg:33.04 u:32.72 Gh/s | A:75467 R:265+11(.36%) HW:8691/.40%
 [2014-04-06 22:06:34] Accepted 01c243d5 BFL 0d Diff 145/32
 [2014-04-06 22:06:35] Accepted 03cb6594 BFL 0c Diff 67/32
 [2014-04-06 22:06:37] Accepted 06afc0a1 BFL 0e Diff 38/32
 [2014-04-06 22:06:38] Stratum from pool 0 requested work update
 [2014-04-06 22:06:38] Accepted 05389514 BFL 0c Diff 49/32
 [2014-04-06 22:06:39] 5s:32.43 avg:33.04 u:32.72 Gh/s | A:75471 R:265+11(.36%) HW:8691/.40%
 [2014-04-06 22:06:44] 5s:33.69 avg:33.04 u:32.72 Gh/s | A:75471 R:265+11(.36%) HW:8691/.40%
 [2014-04-06 22:06:45] Accepted 027184c7 BFL 0a Diff 104/32
 [2014-04-06 22:06:46] Accepted 03abbe05 BFL 0e Diff 69/32
 [2014-04-06 22:06:48] Accepted 061a2c0c BFL 0b Diff 41/32
388  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: April 04, 2014, 12:08:34 AM
I've been mining on my Samsung galaxy fame ... please can somebody tell me what I'm doing wrong!
What you are doing wrong is trying to mine Bitcoin on a smartphone.  All you will achieve is the premature failure of the phone through overheating - haven't you noticed it getting warm?

I don't care what you think, that's funny right there
389  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 28, 2014, 03:11:42 PM
so true
390  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 28, 2014, 05:28:26 AM

All the other pools are so clean, cold and impersonal.  This particular pool has character.

Slush



LOL
391  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 28, 2014, 02:25:47 AM
Just a reminder, ROI is Return On Investment. It does not mean Profit or Break Even. Your Return On Investment can be less than your original investment.

I don't get it. If you're not planning to profit from mining what's the draw? Difficulty would have to do an about face to make your mining equipment even hold value and the makers are pumping out more each day undermining it's value. If you're looking strictly for BTC to go up to get ahead, stop buying mining equipment and start buying BTC.

Asics is disruptive technology.  Scrypt-N based coins such as vert coin are asic resistant so makers can't increase the difficulty so quickly.


wow! is this really your first post since you registered here in the middle of 2011?

Yup... been lurking for awhile ... at the time I signed up... couldn't save enough money to get a miner.  It took a bit of research to get a miner based on my budget.  Now that I got one, I feel I can run with the wolves now.  Personally I like this pool.  All the other pools are so clean, cold and impersonal.  This particular pool has character.


Good for you! Welcome to the club.
392  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 28, 2014, 02:14:44 AM
Hey Peeps... So, as the indicator over there says, I am a noob... so... noob question time. The exchange rate for btc has dropped over $100 in the past week. it was up around $614. I know it fluctuates, but can you all help me understand what causes it to fluctuate? As all the IRS regulations about BTC affected it much?

Oh and screw the IRS... btw...

Thanks in advance!


 too bad you weren't around 2 years ago when BTC/USD rate dropped from $10.00 to $7.00. OUCH, that was a bad hit.
393  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 27, 2014, 06:21:42 AM
Just a reminder, ROI is Return On Investment. It does not mean Profit or Break Even. Your Return On Investment can be less than your original investment.

I don't get it. If you're not planning to profit from mining what's the draw? Difficulty would have to do an about face to make your mining equipment even hold value and the makers are pumping out more each day undermining it's value. If you're looking strictly for BTC to go up to get ahead, stop buying mining equipment and start buying BTC.

Asics is disruptive technology.  Scrypt-N based coins such as vert coin are asic resistant so makers can't increase the difficulty so quickly.


wow! is this really your first post since you registered here in the middle of 2011?
394  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 25, 2014, 02:21:31 PM
So, I understand that over time the difficulty will continue to rise and therefore people will increase their hash rates to keep up... But is there an time in BitCoin future where there will be no more ROI for mining? How long will profitability continue?

need to use your 1337 math skillz to answer that one
395  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 25, 2014, 07:54:08 AM
Difficulty jump was just 18% to 5006860589, so the great flood of hyper-TH miners has not reached the shores yet... Smiley
Think exponential function. That amounts to adding about 7000TH. Are you sure you don't call this a lot?

7PH seems small to what's coming
396  Bitcoin / Hardware wallets / Re: Trezor: Bitcoin hardware wallet on: March 25, 2014, 07:45:41 AM
cant wait for sales to open so I can get one for my girlfriend too!
even TREZOR has support for Altcoins, I don't think it also supports girlfriends.

you want store her in a TREZOR so that you can't lose ?Smiley


that's exactly what I meant
397  Bitcoin / Hardware wallets / Re: Trezor: Bitcoin hardware wallet on: March 24, 2014, 11:06:37 PM
cant wait for sales to open so I can get one for my girlfriend too!
398  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 23, 2014, 01:24:53 AM
I think payouts would be relatively the same over time on any pool
399  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 22, 2014, 11:37:42 PM
No need to worry.

If we end up only completing 4 rounds todays, just think .. .. it could always be worse.

1 round a day is bad.
 Grin

Now get back to mining, slaves.



ya... you could be in EclipseMC and get 1 in every 4 days.
400  Bitcoin / Pools / Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: March 19, 2014, 11:29:53 PM
Yeah, pretty slow on finding those blocks lately. Over a whole freaking day just for one block.

I was tempted to switch over to another pool, but I keep coming back to this one thing:

Your payout over time should be roughly the same, whether solo-mining or in the largest pool (assuming 100% up time and your hashrate is constant) ... theoretically. But when does it become practically ineffectual to mine in a certain pool? I have a single Antminer S1 giving me an average of 205 Gh/s. Solo mining would obviously be quite futile. The average time I would solve a block over a large enough time frame, assuming constant difficulty, is about three years. That is obviously not practical at all. Slush's total hashrate says we should solve a block ever 4 hours and 41 minutes, given a large enough time frame and assuming constant difficulty. This has proven practically true until recently.

So whether in Slush's pool, somewhere else, or even solo-mining, my daily expected average BTC income from my 205 Gh/s is theoretically constant. And that amount is 0.0243 BTC. And given constant difficulty, a large enough time frame (probably like 50 years or so), the math proves that my daily BTC mined is the same no matter where I mine. Naturally, I didn't account for pool fees.

Back to practicality, how bad would Slush have to get for me to leave? Well, if a bunch of miners left the pool the hashrate would drop, but the reward I would get per block would increase. I would still be rewarded the same daily average, but I would have less frequent rewards. For me personally, I would be content with getting .0486 BTC per block but only once every other day on average. That means good rounds would give a block every day, but bad rounds could last five days. Either way, over a period of three or four months, its probably not that big of a deal.

So, for someone who hopes to make the cost of his S1 back in two to three months, I'm gonna just stick on Slush, unless there are obvious, non-mining related issues, like poor server execution or whatever, or blocks are being solved less than one per 40 hours. Why 40? Because it's a little less than two full days and there's a biblical feel to it. For 40 days we wander mt. slush, in search of holy Bitcoin.

+1

I have mined here for over a year and have briefly dabbled with other pools. My gut feeling always tells me this pool is the 'luckiest' in the long run. Plus if everyone switches to ghashio or btcguild - what do we end up with? One massive pool and centralised bitcoin mining. I'll always mine on 'not the biggest pool'.

good to see some informed people here recently.
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