...PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found. I appreciate your insights, os2sam. You might be calming my concerns, but let me ask further. What are "shares" in this context? Do different miners submit different amounts of shares? A share is what we submit and hope is a block solution. It's a hash and if it meets or exceeds current difficulty it will find a block, most don't. A USB Block Erupter submits approximately 333 Million shares per second and an S9 submits about 14 Trillion shares per second. |
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At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin. I hope you realize that I am being compensated at nice hash, albeit at a low but steady rate, but not at all at private mining pools. So my question is not really about nice hash, rather about the private pools. Why cant I find blocks at the private pools, when I seem to find them so easily at nIce hash? os2sam, I see, you addressed it after all. I missed it on first read. Are there any pools that reward miners according to blocks found, but with comparable find rates of nicehash? That is, I don't mind if the reward is low, as long as it is directly related to blocks found. Your pay on Nicehash has nothing, directly, to do with finding blocks. They are a hash rate renter. So you get paid according to what others pay for your hash. Bitcoin pools pay according to blocks found. You, and everyone else submit shares and when a block is found the reward is distributed to all who contributed hash rate toward that block. So if a pool takes a long time to find a Bitcoin block then it will take a long time to get paid. There are different payment methods such as PPLNS which divides up your hashes into shifts and pays on multiple block finds for each share. This is designed, in part, to lessen the variance. PPS, Pay Per Share, pays you for each share you submit regardless of whether a block is found. But if a PPS pool has bad luck ad doesn't find a block for a while it could bankrupt the pool and leave miners unpaid. So conventional wisdom attempts to steer people away from PPS pools. There are solo pools which pay you the entire block reward if you find the block, but unless you have allot of hash rate, multiple Petahashes, then that probably isn't worth while, but fun none the less. |
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At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin. I hope you realize that I am being compensated at nice hash, albeit at a low but steady rate, but not at all at private mining pools. So my question is not really about nice hash, rather about the private pools. Why cant I find blocks at the private pools, when I seem to find them so easily at nIce hash? Because, as I said, Nicehash rents your miners out to people who are mining lower difficulty altcoins, since they are lower difficulty the blocks are easier to find. |
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At nice hash I am consistently finding at least 4 blocks per week, often as high as 8
Nicehash uses your hashrate to rent to other people. Those other people are mining altcoins with your hash rate. So those blocks found by your miners are for altcoins with lower difficulty and not for Bitcoin. |
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Asking for Off Topic opinions.
Which Bitcoin-QT should we be using? .14.2 or .15.0.1?
I downloaded the latter recently and there was a message saying that the main exchanges were going to fork another altcoin and move away from core. So I guess I'm behind in the latest news again.
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Bitcoin ASIC's can mine other SHA256d altcoins. If you want/need more details you'll need to post in the altcoin section.
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SHIT I JUST HAD MY WALLET HACKED and BTC stolen!!! lost 0.63BTC
I deleted the old wallet dat from the appdat roaming and reloaded core to make a new address..
also a new passphrase and locked it and backed it up...
But is the new wallet safe...if they got my private key from the old wallet.dat?
The new wallet should have new keys. But your problem is that your computer that holds your wallet is obviously compromised. So if you were indeed hacked then it should be trivial for the same hacker to get your new wallet too. So you should probably setup a completely new system for your client and be very careful of what you do on that computer. If you need to do things on the internet that are inherently risky then use one machine for just that purpose and maybe install a VM and have it reset to default configuration each time you log out of it and use that image for that. |
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I am new sort of still, but was told to ask miners if they could help my transaction if it is not confirming (not sure why) .... I just signed up at this forum to ask for help... Would be greatly appreciated I will go to tech support thread also.
Just wanted to ask a miner for help directly if possible.
I'm guessing you didn't include a sufficient transaction fee. Now you need to find a pool to include your transaction in one of their blocks. You'll need to post your transaction ID and hope some altruistic pool operator will include it for you. Next time make sure you pay a transaction fee high enough to get it into a block. |
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I've posted this in the support group for the software, as well as in the altcoin section. No replies in either of those locations. Well, it sounds like you got most of your bases covered. Does this pool have a support thread in the altcoin section? It may be a pool issue as well. |
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what pool can I choose today?
what are their differences?
Did you read the first post of this thread? |
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Hello
I bought my first miner an ASIC Block Erupter 333mh/s. So I watched a lot of videos to get it working. I have done every step like in the videos but the miner doesnīt show up in my pool account. I am using bfgminer 5.4.2 64 bit on Windows 10. I already installed the driver from Silcon Labs and the device is working fine and gets quite hot while bfgminer is running. Bfgminer only says Pool 0 is alive, Pool 0 is hiding content from us, Dfficulty has changed and New Block detected( The last one repeats itself but nothing else happens). There no message of accepted or refused jobs. I think the problem is in my configuration but i donīt have an idea.Maybe I forgot an aspect.
Here is my Start.bat
bfgminer.exe -o stratum+tcp://eu.stratum.slushpool.com:3333 -u lokosj.worker1 -p test -S erupter:\\.\COM4
Thanks in advance
First post in the BFG miner support thread for help with BFG Miner. Second post in the slush pool thread for help with slush's pool. Third at 333Mhs it will take a long time to submit a share. So if the thing is getting hot and the mining software is showing you a hash rate then it is working. Some pools will block low hash rate devices thinking they are CPU's or GPU's, I don't know if slush does that or not. |
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I bought Nvidia GTX 1080 Ti few days back for the purpose of mining only. I want to ask you people What coins i can mine on 1080 Ti with decent returns? and what is the best mining software for Nvidia, i am currently using CCminer 2.2.1 and mining verge (XVG). Hoping for good answers.  |
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Hi Guys,
I had an interesting conversation here in Portland this weekend with a couple of tech entrepreneurs. They are both making a modest profit with bitcoin mining.
Has anyone on the board here gotten into bitcoin mining? What about any of the other digital currencies.
Are you serious? You post on a Bitcoin forum and ask if anyone has gotten into Bitcoin mining? What is your point? Also if you want to know about altcoin mining you will need to post in the altcoin section as this is the Bitcoin ONLY section. |
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Gday,
Mining seems to be still fairly barbaric in the sense it requires you to know some form of command language to get it all going unless you own a purpose built mining unit.
Are there any ICO's or companies that have built simple, ease-of-use mining software which you in theory only have input the pool and a hand full of other specs?
Cheers
Since your not talking about Bitcoin mining you need to take this to the altcoin section. |
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If you have a version of CGMiner that supports GPU's then it must be really old and probably doesn't support your ASIC device. Download the latest CGMiner and see if that works with your USB ASIC. Make sure you ONLY download CGMiner from the link in the support thread.
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viabtc calculator 13.5 th > $12,45 btc a day
bcc does $14.32
So what. I don't really care about what an altcoin does. Maybe post in the altcoin section? |
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