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Sure would love to hit a block right now... over 2000 transactions and over 1BTC in fees...
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It is certainly a possibility. Although, the tech is not from Samsung, it's from BW. Don't forget that Bitfury supposedly has their 16nm chips about ready to be sold to the public. These are exciting times indeed  . |
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Well, there used to be retrocalc.net but it's dead. I have a program that I wrote that does basically the same thing... It's not online, it's on my laptop. However, if you want to send me the dates (start/end) and hash rates, I'll return the expected earnings for you.
Excellent, appreciate the help. I'll send you the dates and miners via PM. Thanks, Got the PM and sent you the requested figures. |
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Well, there used to be retrocalc.net but it's dead. I have a program that I wrote that does basically the same thing... It's not online, it's on my laptop. However, if you want to send me the dates (start/end) and hash rates, I'll return the expected earnings for you.
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They've been good to me so far. Great customer service and quick to answer any support questions.
On another note, sorry I didn't get back you this post last night. All maintenance work was completed and you shouldn't have experienced any down time. Maybe a reconnect or two.
Oh, and Happy Easter! To celebrate the first of two US holidays of the year in which we tell our children, "you are free to eat stupid amounts of candy today" I'm going to give an additional 1BTC if you are the first person to find a block.
This is in addition to the currently running promo.
So, for the next 12 hours and 42 minutes (until midnight EDT) get an extra bonus for finding the block!
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All,
You might experience some intermittent restarts and failover over the next hour or two. I'm doing some maintenance on the stratum server.
I'll let you all know when I'm done.
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No problems... I just remembered seeing something, and then the next time I looked it was "///". I'll probably delete that post (unless you want to keep it and edit it).
Hey... for those of you currently mining on the pool... how many of you have rentals up? I want to take the stratum server offline for a while to do some maintenance, but I don't want to kill your rentals.
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I've been reading about this p2pool difficulty scaling issue. It said the more hash power being put in, the more harder it gets and by the time it is high enough, it will be like solo mining.
This applies to any variant of mining, including a solo. Nonsense. Pooled mining is nothing like that, except in the case of p2pool. What nonsense? Difficulty is increased not by all miners, but only by those who added the extra power. With increasing difficulty of the coin in any type of the pool, those who did not extend their power will receive a smaller payment. And this situation is both in p2pools and in the regular pools and in solo mode. If you want to get more benefits or to stay in the same level - increase the power of your equipment. Your statements about rising difficulty decreasing your expected earnings are accurate. However, what you are missing is that because of the design of p2pool, the higher the hashrate of the pool, the more variance you as a miner will experience. This is completely the opposite of what happens in a more "traditional" pool. The formula for finding a share on p2pool follows exactly the same probabilisitic distribution as solving a block of bitcoin. The simplified version of the formula is: Difficulty * 2^32 / hashrate = time
As you can see, the higher the difficulty, the longer it's going to take you to find a share if your hash rate remains a constant. This translates directly into you as a miner seeing higher variance because it becomes harder and harder for you to find a share. As Con correctly points out, if every single miner in the world suddenly started mining on p2pool then it would be very similar to each miner solo mining a coin roughly 1/20 the difficulty of Bitcoin. |
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Pretty sure traxor had a comment about upcoming gear, but now it's just "///". Anyway, I tend to wonder exactly the same thing - does this clearance represent removal of inventory to make way in Bitmain's data centers for new gear that is not yet available to the public?
I mean, I'm not a fan of Bitmain... but an S7 for $482? What don't we know?
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I saw that, Phil... congrats! I wish you the best of luck hitting the turkey |
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Yeah... I'm still debating, too. Unfortunately all of my coin is tied up right now, so my only recourse is to purchase some. I have a $1000 instant buy limit on coinbase so that rules out getting 2 more. Maybe I'll just go with 1... hmmm... decisions decisions  |
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LOL! I'm going to have chicken for lunch |
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On the other hand, people do play the penny slots at casinos for hours. There must be some attraction to it.
It's the draw of the risk to reward ratio. You risk relatively little to hope for a very large return. Sometimes it works. The vast majority of the time it does not. That and there are so many shiny lights to mesmerize you! |
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spiker777, sorry about that. The pool's stratum server crashed and when it came back up, did not restart the processes it should have. I've since rectified that situation and the pool is operating normally. Besides, hopefully the restart will get us a block... seems to work over on kano's pool |
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Just a quick answer since I'm on my phone... N is 5 times current difficulty.
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When does renting hash make sense? I've seen this question posted in a number of places around the forum and thought I'd write up an explanation that will hopefully help you make a decision on whether or not to rent. Things you need to consider: First and foremost is the price of your rental vs the expected earnings of that rental. For example, if you were to consider renting 100TH/s right now, you would expect that hashing power to make you 0.3039 BTC a day. Take a look at the rental sites and compare what they are charging for 100TH/s for 24 hours vs that number. I think this is pretty obvious, but I'll write it anyway: the lower the better Next you need to consider the hidden costs of that rental. The rental sites do not give things away. For example, nicehash.com applies a 3% fee on every order. Yes, they are making money from both the renters as well as the owners (owners get charged a 3% fee for pointing their gear there). So, this means that even if you do get your rental for exactly the price the hash rate expects to earn, you are starting at a loss. To start off even, you need to get your hash - assuming you're renting from nicehash.com - at 3% less than what you would expect that hash to make. The next thing to consider is the pool to which you wish to point your rented hash. What payout method does the pool use? What fees does the pool charge? Pro tip: the absolute WORST type of pool you can point rented gear towards is a PPS pool. Every PPS pool out there charges you a fee - and usually a pretty high one. The biggest pool, f2pool, charges a whopping 4%. Think about that. If you've rented from nicehash.com and point that gear to f2pool, you need to get your rental for 7% under expected value just to break even. Finally, now that you've chosen your rental provider and the pool on which you're going to mine, take a look at the stats. How are those miners performing on the pool? Are you getting a lot of rejects? Seeing a ton of invalid shares? That will have an impact on your payout as well. For example, a lot of the Bitmain gear loses a considerable portion of its hash when pointed to p2pool. Bitmain's crappy cgminer fork just can't handle the way p2pool works and the hash rate suffers for it. You'll notice I've written nothing about a pool's luck. Quite simply, it is not relevant. Past performance has no bearing at all on the future. You can certainly use that information speculatively, but it is certainly not a metric on which to base things. I hope this has helped, and I look forward to seeing some of that rented hash pointed to Bravo Mining |
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So of course you're going to make (on average) 10x more on antpool. (except that antpool has higher fees....)
Ummm... that is completely incorrect. You absolutely, 100% do NOT make 10 times more on average on AntPool just because they have 10x the hash rate as kano. |
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LOL... I've got you as my backup pool. I always like to see pools doing promotions. Pretty sure I know of another small pool I might be involved with that is currently running a promotion... In all honesty, I'm glad to see both of our pools getting some hash. The more we can attract, the less the big baddies get - and that's good for bitcoin. |
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