Therefore the price per share would be expected to be lower than the proportional payout, because the operator is hedging against risk.
propotional payout should be ((0.97 * 50)/55590 shares) = 0.00087246 though that's on average, it varies a lot from block to block, if pool needs more shares to solve a block, proportional payout will be smaller, if pools needs less shares to solve a block, proportional payout will be higher. in your example, you took a block that needed a lot more than on average, so payout was a lot smaller. on other blocks the pool solved, the payout was a lot higher. here's some other examples that look quite different to yours: 01.03.2011 06:11:38 shares: 29398 = 0.00164977 01.03.2011 04:27:58 shares: 27938 = 0.00173599 28.02.2011 12:13:30 shares: 40899 = 0.00118585 in the end proportional mode depends on "pooled luck", pay-per-share doesn't.
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Do I need to have the bitcoin client open for this to work? Sorry for the basic questions.
no, you don't even need to have a bictoin-client installed if you're running the miner on a pool. where i can read/find more about that extra flag field?
the extra flags are for miner parameters, like threads, frames, worksize and stuff
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i would even search for aliens if it pays better than generating bitcoins. But then you will end up finding aliens, which are not as useful as bitcoins. it wouldn't be me finding aliens, it would be the one i'm hashing/searching for and if he/she pays me in bitcoins, it'd be as useful to me (at least) as generating (less) bitcoins myself. just like compute4cash, its 'customers' don't care what their processing-power is used for, as long as they get paid (and don't know about bitcoin).
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not the first one i see. just noticed one transaction today that also needed ~3hours to get its first confirmation, while other transactions done at the same time got confirmed as usual within a few minutes. some other people been waiting 12hours and more, to get 1conf.
so i doubt it's something with his transaction.
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i didnt say it's miners' concern, or should be, i just said it has to be something valueable (to someone at least). i would even search for aliens if it pays better than generating bitcoins.
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they could only attract more and more miners if there's some value in whatever they "generate". they could actually be buying hashpower for bitcoins, if they pay better, than the bitcoin-market, a lot of miners will switch, but that's kinda unlikely.
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OCing takes care of any overhead and operator fee... After OC, you can ....
...get even more solo. don't get me wrong, i'm not saying "don't use pools", actually i'm using pools myself (with ~1.5Gh/s), to get a steady income that i can count on without the need of much luck, but "mathematically" it could be more solo.
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that's why it says " mathematically speaking".
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At this point, is it still profitable to solo? mathematically speaking.
mathematically speaking it's always better to run solo, no matter what difficulty or hashrate. on pools you will always lose some hashes due to network-overhead (~2-3%) and probably some due fees to the operator. but then again on pools you dont need much patience, you will see results (even if those are small) more or less instantly and you are not depended on your own luck.
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wieso müsste bei jedem trade MwSt gezahlt werden? wenn ich von dir ein auto kaufe, zahle ich ja auch keine MwSt, solange du kein bitcoin-geschäft aufmachst und gewerblich tätig wirst, ist auch ein bitcoin-trade ein privat-verkauf und beim verscherbeln von kram auf eBay zahlt ja auch kein privatmensch MwSt.
handelst du geschäftlich, musst du natürlich auch steuern zahlen, gewerbesteuer, einkommensteuer,.. ob du im falle von bitcoins auch MwSt für vater staat einziehen musst, kann dir dann sicher dein steuerberater erzählen.
"illegal" ist der handel mit bitcoins mit sicherheit nicht, denn dann wäre auch der handel mit anderen "digitalen tokens" wie zB Linden Dollar illegal.
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guten tach,
da wir nun schon ein deutsches froum haben, hab ich gedacht wir können vllt. auch nen deutschen chat gebrauchen.
wer also lieber chatten, als posten möchte und der englischen sprache nicht so ganz mächtig ist (oder einfach nur keine lust hat, englisch zu quatschen), ist ab sofort herzlich willkommen in #bitcoin-de auf irc.freenode.net.
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"no block confirmation is needed" is meant for real blocks that the pool found in a day, not for all hashes/shares miners send.
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[Tycho]: I think your calculation of "Average speed in last 5 minutes" is wrong. It shows that I have 14.20 MH/s with my CPU (which I wish I had) whereas I have ~1.4 MH/s now.
your "Average speed in last 5 minutes" is calculated by the number of shares you submitted, in lucky times (were you find lots of diff1 hashes in a very short time) you might see much more speed than you actually do, in unlucky times, you see less speed. overall it seems pretty accurate, an increased timeframe for calculation might improve accuracy a bit though. Which timezone is used for datetimes on the website, please?
GMT it seems, correct me if i'm wrong. That said, Tycho, how do you plan to avoid massive cheating without block verification? Accepting all shares as equal, no problem; but what stops contibutors from simply lying?
what could contributors lie about? the only way of "cheating" is the same you mentioned above, legitimately contribute work to the pool and "pool-hopping" as discussed in other threads.
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sorry to get OT, but...
who are you to tell people what words to put in their thread titles and what not? i could also tell you to remove your posting from this thread, not only implying that [Tycho] has anything against slush's pool (which is not the case afaik), but also implying slush has something against competition (which is also not the case afaik). but don't worry, i wont do that.
and i didnt see anything about one pool being more or less fair than any other pool, it's up to the users to decide which one to use and what's most "fair" in their eyes.
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-1 for Stevenbucks
I gave the gentleman over 40 BTC for two Zipit Z2s. It's been at least 3 weeks and I have nothing to show for it. He has ignored my messages so far.
wild guess: he ran off again with peoples BTCs, but will be back soon with a new forum-account "..to make things right.." (which probably means "find more idiots to trust him" in his language). could say "i told you not to trust him", but i won't.
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cool, seems to work fine so far (except for the 2nd core of my 5970 which still needs poclbm_20101126 to run),
tested on slush's, deepbit and local.
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.. on the amd phenom2 x6 (6 cores)cpu you will get around 7800+ khash/s, is it worth it? you deside.
my PhenomII X3 gets ~7800+khash/s already on jgarziks cpu-4way, or ultrasofts cpu-miner, an X6 should get about twice as much.
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I've also started to use the RPC CUDA miner for myself (without a pool) by just setting the -server=(my ip) along with the correct -user= and password= parameters.
afaik there is no -server= parameter on puddinpops cuda-miner, parameters should look like this rpcminer-cuda.exe -url=http://<your ip>:8332 -user=<your rpcuser> -password=<your rpcpassword> -gpu=1
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I simply added -server=(my ip) to his bitcoin client along with the -server partameter. I've configured the m0mchill miner as shown hereif your brother is only mining on your server, he doesn't need to have a bitcoin-client installed (and started as a -server), he only needs m0mchils miner and connect that to your bitcoin-client. your bitcoin-client needs to be started as a -server, allowing his m0mchil-miner to connect. you can simplify that by creating a bitcoin.conf like this server=1 rpcuser=*** rpcpassword=*** rpcallowip=192.168.0.2 #rpcallowip=192.168.0.42 #rpcallowip=192.168.0.*
for your bitcoin-client (where .0.2 is the IP of your brothers desktop). and to join pools, connect all miners (or all you want to run on the pool) to the pool, not to a bitcoin-client. bitcoin-clients can not be connected to pools, only miners can do that.
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well, it is "underclockable" on windows, had it running at 800-900MHz the last week. now i finally got ubuntu setup and running, just with some more degrees on the cards cuz of the higher memclock, which...well, kinda sucks.
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