|
To the 2 above posters, this issue has been discussed for the last 10 pages. It's getting fixed within 24-48hours as of 6-8 hours ago.
|
|
|
|
Can anyone who has a better understanding on how profitability is calculated explain to beginners like me ? I assume it's not as simple as value of the coin relative to BTC and difficulty of the coin. I'm having trouble understanding how it works..I check the last rounds and it seems pretty obvious that certain coins never yield more than 0.0000xx (4 zeroes) whereas others yield 0.000xxx (3 zeroes) for the same amount of time. (and for my 950 kh). I also understand there's a luck factor involved..however I dont see why we would switch from a coin producing say 0.000xxx in 1 hour to 0.0000xx in the same period of time..can't we keep on rolling on that one ? What changed so that the algorithm decided that the 2nd coin is better?
thanks in advance..im just trying to understand how it works
You have the answer in your post. Luck. |
|
|
|
|
A small suggestion.
Would you consider switching the profitability value based off litecoin instead of bitcoin? It makes it much more relevant.
|
|
|
|
What I want to change is to express the "my estimated earning" in each round in mBTC as there are too many zeros before a nonzero number in a small earning in each round. The client ledger and coin balance can still be in BTC. Our brain should be powerful enough to convert between mBTC and BTC, but it takes me some time to count zeros.
There is an easy fix for that. Get more hashpower. |
|
|
|
|
I believe a good part of your mining was during a bug too by the way.
P. S. I also believe more focus should be added towards adoption of other coins. Some coins currently have almost double the profitability than our current highest. Would be a great way to fight the climbing difficulties.
|
|
|
|
|
Is it just atrocious pool luck today or something not working perfectly? (there seems to be multiple rounds with roughly 10-20% pool luck)
|
|
|
|
Heh, seems that today's EST is completely wrong, looking into it some kind of errors.
Thanks for looking into it. Didn't wanna go all crazy being my first 24hr-ish in the pool, just seemed wrong to be so much below straight ltc mining with such favorable profitabilities and that manual calculations of pool luck and what not indicated much better profits than the estimates. Thanks again. |
|
|
|
Not trying to push on a button or anything, but the rounds seem to give much much more than what I get/gonna get.
I often see round estimates higher than my daily estimate. Estimates are for the fairies, give me results over that any day. The thing is... The round estimates seems much more in line with what I should be getting than what I am getting (a 4hour round worth 0.03btc = 0.18btc over 24hour vs daily estimate of 0.05btc when I should be getting 0.15btc minimum) |
|
|
|
The daily estimates are updated throughout the day numerous times, its a rough estimate of what you will receive, as it is pretty much near impossible to predict what the rest of the upcoming daily rounds would look like considering it's all based on the future of profitability, blocks found, etc. The daily est, goes by what the past rounds tell us, the way our algorithms are set-up, trades occur very often and coins don't get dumped all at once at a set price, we try to bring you guys the best profits we can. We are always looking to improve things, so if we can come up with another way to better this "est" then we will.
When nearmiss and I talk later tonight, we will see what we can get done to bring you guys what you have requested. We appreciate the feedback.
Stay tuned for updates.
Well, there is something definitely wrong with me then. In the last 2-3rounds alone, my cumulative estimates are higher than my daily estimate. It somewhat scares me considering I've had much lower returns than I should have yesterday (for the time frame I mined) and the estimate was actually what I got. So basically, if tonight I get the estimate too, I will have a total of 0.07btc in a time-frame I should have gotten over 0.2btc.. Not trying to push on a button or anything, but the rounds seem to give much much more than what I get/gonna get. |
|
|
|
Since the daily estimates are often very wrong, would it be possible to see somewhere how many actual BTC has arrived into my account from the start of the day up until the moment you check? This would give me a much better indication of what's going on.
Not sure what you mean, the daily estimates are usually spot on, recently maybe not because of the whole TAG fork. BTC actually arrives in you're account once a day. (11:00 EST) Let me know if I misread what you were trying to tell us  Well I hope that they are wrong.... I started on your pool yesterday around 1pm EST with roughly 6mh/s. Got .02 btc yesterday and my estimate says 0.059 btc is what I will get today.... So more than half what I should do in 24 hours with 32hours of mining... :s |
|
|
|
LTC to be added to MtGox in July. This is per their FB post June 21, 2013
"6) As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means a continued delay, but for good reasons. We’re looking at July right now, though that depends on a few things. Mainly, we want to do things correctly from the beginning."
Not will be, maybe They said it will depend on several factors. Well, if you know how to read properly you would understand that the "depending on several factors" is the timetable. |
|
|
|
Any chance of selling something that is not way overpriced
for those of us who can do basic maths?
I don't know the specific language of your math, but my blades are turning ROI in 3 weeks and then pure profit... |
|
|
|
Nobody is screaming. Am I the only one?
18474 2013-06-08 20:06:47 1:10:33 13092667 3375 0.00000001 240455 25.05091001 96 confirmations left
18473 2013-06-08 18:56:14 0:25:00 4831359 1140 0.00494678 240448 25.34652816 89 confirmations left
18472 2013-06-08 18:31:14 0:42:31 8162424 1923 0.00539126 240446 25.06750000 87 confirmations left
All other blocks are over 0.006 so 18473 and 72 are probably wrong and 74 is for sure...
EDIT: I hate that 3.1.1(USB ASIC) doesn't work well with other pools I tested... I'm back in this mindgame... and I see that I'm not the only one...
although I got next to nothing on that block too, they have mostly all been fixed before confirmation in the past, so I wouldbt worry until it gets close to confirmed. You can't touch it till then anyways. |
|
|
|
And tomorrow the difficulty of BTC jumps almost 30%. LTC is a less profitable coin to mine than others right now. Coincidence?
Sorry if I'm feeling jaded at this moment but...
News Flash: Mining profitability has nothing to do with the value of the coin as a medium of exchange in commerce. Fluctuations in price are meaningless as they are not based on any change in fundamental value. I really appreciate that there is the "Ignore" button on the left. If you read that guys post history(don't waste your time doing it, especially if your faith on humanity isn't already strong) you really don't wonder why his ignore button flashes. Every post is idiotic at best. Straight up stupid and delusional on average. Its not too hard to put 1 and 1 together and understand that its a "network improvement'' news coming. And reading between the lines without speculating too much, one would guess a major client release (which is GREAT news as it was one of the main complaints of litecoin that it was running on old client). But hey, stupid is stupid. |
|
|
|
|
So you are selling the pre-order queue spot or the actually pre-order? Meaning, are they paid for?
|
|
|
|
|
I went ahead and broke the ice.
|
|
|
|
it has seemingly been attached to block 239282 as my reward is exactly double on that block. |
|
|
|
|
Unless they are out of stock, you wont get them cheaper yet. If they are out of stock, they will be more expensive.
|
|
|
|
Its not about secretly stealing. Unlike pool mining, which doesn't hold that much coins, PoS mining would be about putting a lot of wealth into one hand. Its asking to be scammed. So basically, sending all your moonies to someone, for what benefit really? I can barely see a benefit, even the benefits look like a downside. Well if PPC is going to be a currency instead of a quaint comodity to buy and hold, trusting a significant portion of your money to someone else has to happen. Pretty all my money in the real world are in the hands of a few financial institutes. There are social and legal infrastructures to prevent them to steal my fund (except for the QE and Cyprus type of stealing which are totally different matters). PPC has better develop that infrastructure so that a reasonablly reputable pool's running away with your coins is highly improbable. [/quote] one of the very main reason cryptos exist is to exactly that. To dissociate from banks. To decentralized. Again, you're asking for a lot of trouble for something with no gain. It's like putting a twin turbo in an echo knowing it will decrease your hp by 10. |
|
|
|
|
Show Posts
- just like Satoshi!
