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821  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN] WhatMine.com | Compares ALL Coins Profitability on: March 22, 2014, 10:42:24 PM
Do you actually have live stats for the various coins (not delayed/cached for multiple minutes at a time), and do you use the *actual* reward instead of the average reward for "random" coins?  If not, it's yet another site with bad information like Coinwarz.
822  Alternate cryptocurrencies / Mining (Altcoins) / Re: KNC Titan on: March 22, 2014, 10:39:22 PM
Multipools aren't killing coins (directly).  They're killing the profitability of all the shitcoins that exist.  Nobody is bothering to pump & dump most coins anymore because any attempt to do so is met by a massive amount of mining power shifting to that coin and immediately dumping 100% of the newly mined coins.  Pump & Dumps are only profitable if you can fool enough idiots to bring the average bid price higher than your average price per coin bought during the pump up period.  With multipools, that just doesn't happen because they will dump coins to the highest bidder within an hour of the pump.

As a result, multipools are going to be fading away pretty fast.  The profitability is shrinking rapidly in comparison to straight DOGE mining (and if that fails, straight LTC mining).  They are a dying breed because pretty soon there won't be enough coins left for multipools to bother with.

KGW/DigiShield/whatever does nothing to prevent multipools.  It actually *helps* multipools because it means those coins will drop in difficulty quickly, returning them back into their coin rotation.  They prevent the coins from literally *dying* due to multipools, but their profitability is gone regardless.
823  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta - Multipool Done Right on: March 22, 2014, 10:34:12 PM
Are those coin still being auto converting to BTC until 4/1?  I still have FRY and MOON coins.  I don't want to create an account on cryptsy just to manually convert them myself.  As someone said earlier, if there was a minimum, can it be pooled together with other users, exchanged, then split to the users?  Or even just get donated to chartity.

FRY was never convertible, which is why it was never part of auto switching.  MOON is not convertible anymore because Cryptsy removed the MOON/BTC market, which is why it was removed from auto switching.  The only balances people should have of those (outside of the ones who manually picked it) are extremely minor from the minute or two wasted on those due to the bug during pool restarts mentioned above.
824  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta - Multipool Done Right on: March 22, 2014, 06:50:22 AM
Those coins that are being discontinued in April 1st... are we still mining them now?  I hope not.  Or else we would be holding coins we can't auto-redeem for BTC.

Speaking of which, is auto convert for those coins already ceased?  I am holding a lot of mooncoin still.  You should take coins out of the mining pool for a week while allowing the auto-convert to still work for a while.  This way no one is left holding those coins.

FRY, KDC, and NOBL were never on auto switch, except for a bug when the mining process was restarted and it accidentally mined those for a minute or two.  MOON was removed from auto switching about a week ago, a few days before it was removed from Cryptsy (MOON/BTC was removed from Cryptsy).  MOON was similarly mined for a minute or two at a few points during server restarts.  That behavior has since been patched to the pool always defaults to DOGE or LTC when it restarts.
825  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta - Multipool Done Right on: March 22, 2014, 01:43:41 AM
Do you have any plans to implement the functionality that multipool did today with the Cryptsy trade keys?

The less I have to touch Cryptsy the better.
826  Bitcoin / Pools / Re: Stratum protocol on: March 22, 2014, 01:36:11 AM
Heck I think the protocol is old enough and poorly documented enough that it's time to create a new protocol fixing what we didn't get right with stratum in the first place...  Roll Eyes Of course no pool op would adopt it since precious few even adopted the whole stratum protocol.

Eh, most of them did adopt stratum (only one I can think of that didn't that still exists is Deepbit...and they hardly qualify as existing anymore).

Stratum was a needed improvement.  Getwork was just too damn inefficient for mining remotely, and ASICs sealed the deal.  I can't imagine the horror of my bandwidth bills (or the bandwidth usage for a large ASIC farm) if we still had to use getwork today.  I've actually been debating the idea of a new mining protocol over UDP, but there isn't really a "need" for it, other than the fun of developing something *slightly* more efficient [though a pain in the ass for people to implement probably since UDP would require more work for error handling/lost packets vs TCP].  Would also allow for some interesting DDoS mitigation systems (anycast + multiple destination servers?).
827  Bitcoin / Pools / Re: [NEW] Directpool.net -BTC- Fee 1% [Pay TX, PPLNS, NMC, Vardiff] Giving back on: March 22, 2014, 01:21:26 AM
DirectPool wants to further prevent any possible future 51% atks by giving miners a choice to join DirectPool which we believe is a stable and secure mining pool. It's administered by active admin as well. By redistributing higher pool hashrates over to DirectPool, you'd be preventing the bigger pools from getting too big.


This is a fundamentally flawed argument.  You will never, nor will any pool, ever prevent a 51% attack again.  We're very close to private entities [ASIC manufacturer farms, giant ASIC warehouses, and "cloud" mining services] controlling > 51% of the hash rate already.  It is NOT possible for a public pool to hit 51% ever again unless every other pool vanished off the internet simultaneously.


EDIT:  Exception here possibly being ghash.io.  Though they are majority private speed from their cloud mining service, so I have a hard time calling them a public pool.
828  Bitcoin / Pools / Re: Stratum protocol on: March 21, 2014, 07:58:18 PM
https://www.btcguild.com/new_protocol.php

This includes a breakdown of all the major components of stratum, with detail on what each parameter means for each method.


Obviously you're not going to get something with a guide showing you how to build a TCP socket server.  But the above page includes all the methods you need to support in order to implement a stratum server, and a description of what each piece is.  It's a purely plain-text TCP system.


EDIT:  Forgot slush copied most of my new_protocol.php page and added it to his stratum page.


From what I know, the author of the protocol was/is very active on bitcointalk.org

Slush doesn't even post on his own pool thread anymore.
829  Bitcoin / Pools / Re: what is the unknown pool that found 20 blocks per day? on: March 21, 2014, 07:56:37 PM
"Unknown" means all of the generations addresses that could not be identified.  It is not just one entity but all entities that could not be identified such as all solo miners, for one example.

Or all the manufacturers who take preorders and now running those machines while promising you delivery in June when the difficulty is nice and high and those asics are obsolete, so you can preorder their next batches/versions again.


I don't get the argument. Why would their pool be classified as "unknown" ? Also not all companies stealth mine. At least KNC doesn't Cheesy.

Because they aren't using a pool in most cases.  Then again the 'Unknown' number is also wrong, since it's using the blockchain.info 'Unknown', which is NOT unknown (at least the majority of it).
830  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta - Multipool Done Right on: March 21, 2014, 07:50:25 PM
Were there problems with todays payout? I'm still not seeing my coins from this morning.

TXID: cb99a0ee184ced5f0433805b52d7150de0d3956b8777413d4cc18d4aad0194

That transaction has over 70 confirmations.  You missed part of the ID (cb99a0ee184ced5f0433805b52d7150de0d3956b8777413d4cc18d4aad0194a6).  It had *many* confirmations as of the time of your posting, so make sure your wallet is sync'd.  If you use a web wallet (WHYYYYYYYY!?!?!), contact their support.
831  Bitcoin / Pools / Re: [6000 TH] BTC Guild - Pays TxFees+Orphan+NMC, Stratum, Private Servers on: March 21, 2014, 07:44:35 PM
Just a request:  When you quote somebody...please don't quote a giant half-page (or full page on low res monitors) image.  Edit that out!
832  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta - Multipool Done Right on: March 21, 2014, 04:00:06 AM
Very true and backs up what I said in a much better way.
Is Moon not able to be auto changed to BTC?
I don't even have a wallet for it.


I'm not sure if any exchanges have an active MOON/BTC market.  I know on Cryptsy you can trade it for LTC (then trade that for BTC).  Before you do, make sure you have enough for the minimum trades/withdrawals though.
833  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta - Multipool Done Right on: March 21, 2014, 03:34:32 AM
Sun is not doing much better right now.
I think all the scrypt multipools are weeding out the strong from the weak coins.

SUN should be added to it. MOON sux

Basically this.  Multipools have become major holders of the scrypt hash rate, and as a result, any coin that doesn't have some kind of community is basically being nuked.  Scorched earth mining.  Pump & Dumps aren't even happening like they used to, which is what kept most coins from falling into oblivion in the first place.  It's pretty damn hard to pull a successful pump & dump when multipools will quickly mine a bunch of <insert crapcoin here> and dump it at whatever the highest bid is.
834  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta - Multipool Done Right on: March 21, 2014, 01:24:41 AM
Eleuthria,

You need any more cpu cycles/vms for the server backend?  I have several cpu cycles to spare on my dell poweredge box I host in house at my facility. Just wanted to offer.

Keep up the good work. I split my time with my 20 mh/s here and renting with Betarigs.

Nope, the server runs quite well, better than expected honestly, considering how many of these junk coins are using extremely old & inefficient bitcoind/litecoind code.  The biggest problem right now is going to be database size, since it's running on SSDs.  The two largest tables are PPLNS shift details and the BTC conversion history.  The PPLNS table is getting an update on 4/1 when I remove those coins mentioned, and the BTC conversion table is probably going to have some code added to trim older transactions out and store them in a more space-efficient way.  The current DB schema is designed for speed rather than storage efficiency.
835  Bitcoin / Pools / Re: [6000 TH] BTC Guild - Pays TxFees+Orphan+NMC, Stratum, Private Servers on: March 21, 2014, 12:11:55 AM
Problem in bold !

Isn't that the problem now? "long run" may have been months, now 6-9 weeks and profit has mostly evaporated, unless the btc price has also dramatically risen?

Or is that time frame still long enough that mining on a small pool is still viable, even with some bad luck?

Past luck has no impact on future results.  Every block is a completely independent chance.
836  Bitcoin / Pools / Re: [6000 TH] BTC Guild - Pays TxFees+Orphan+NMC, Stratum, Private Servers on: March 20, 2014, 11:15:06 PM
How come we don't find blocks for hours and then boom boom, two in a row, and then wait again? Just curious how or why it happens.... seen it with other pools too.

I replied to an email about luck earlier today, thought this is a good illustration:


Let's say you have a miner that mines at 1 GH/s.  That means every second, your miner is generating 1,000,000,000 (1 billion) hashes per second.  Now, as a miner, your target on BTC Guild (default) is a difficulty 2 share.  That happens *roughly* every 8,400,000,000 hashes, or 8.4 seconds at 1 GH/s.

To make it easy, think of that work you're doing as a billion little scratch-off lottery tickets, where each slot has only two possibilities: Keep Going or Lose.

To get a difficulty 2 share, you need to get 'Keep Going' 33 times in a row.  Once you get that share, you hand your ticket off to the pool as proof that you found one with at least 33 in a row, which happens 1 in 2^33 (~8.4b) times.

Now, your ticket had at least 33, but it may have even more.  If you get enough of them, you "win" the lottery (block).  The pool only cares about you getting 33 in a row, that's what your proving you found, and that's how your paid.  The pool then checks how many more 'Keep Going' entries you have.  Just like a perfect coin flip, each one is a 50% chance.

As of today, the odds are (roughly) 1 in 2^64 to solve a block with a given ticket.  That might not sound so bad, afterall your 1 GH/s is doing a billion attempts per second!  With the pool at 6.2 PH/s, the pool is doing 6.2 quadrillion attempts per second, it surely can't be that hard.

For those who don't know just how fast powers of 2 increase.  While 2^32 is only 4,200,000,000 (a couple seconds at 1 GH/s), 2^64 is 1 in 18,446,744,073,709,551,616.
837  Bitcoin / Pools / Re: [6000 TH] BTC Guild - Pays TxFees+Orphan+NMC, Stratum, Private Servers on: March 20, 2014, 06:24:52 PM
From what I've been told, the US server is better for connections from Asia.

Thanks will test both once I'm ready to move over to BTC guild. Still working out some electricity calculations to make sure our rigs have 24/7 up time.

If your experience adding upwards of 4-5 TH/s in the next coming days would seem viable to get a decent share? Or would I be better off going with a smaller pool?

Pool size is mostly irrelevant.  Smaller pool means you get a larger share of the blocks, but they're further apart.  Smaller pools have more variance, so higher highs when you're lucky and lower lows when you're unlucky.  So your speed really doesn't play a huge factor in picking a pool (although I'd probably avoid pools so small that you're larger than the entire pool).
838  Bitcoin / Pools / Re: [6000 TH] BTC Guild - Pays TxFees+Orphan+NMC, Stratum, Private Servers on: March 20, 2014, 05:57:55 PM
From what I've been told, the US server is better for connections from Asia.
839  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta - Multipool Done Right on: March 20, 2014, 05:43:53 PM
There's been a lack in updates this week as I've been going over the pool to decide the proper path going forward.  Many scrypt coins are being nuked into oblivion by multipools at the moment, and profitability has dropped sharply over the last few weeks as a result.  Since the 1.6 update to DOGE, it has been 80%+ of our mining time, and about 10% WDC, and the remaining 10% split to various coins for very brief bursts (mostly MEOW/LOT due to their random block rewards occasionally spiking the expected value).


1)  I'm going to be shrinking down the number of coins the pool currently works on, by eliminating coins which are not auto-convertible.  I'll also be removing the entries for the PoW+PoS coins (FTC, NVC, TAG) until I have time to update the pool backend to differentiate between the PoW and PoW+PoS coins.  I'm giving 11 days notice (Dashboard message, so unmissable unless you completely ignore the pool) for those coins that people may have balances for.  Frycoin and Klondikecoin may or may not be fully available due to KDC having a fork with very little warning causing miners to get paid a lot more than they should have (some corrections were made but not enough), and Frycoin is currently broken beyond use for Linux as far as I can tell (permanent "Safe mode" warnings).

2)  Very minor change in reward calculations to reduce the overhead in tracking shifts.  Should be unnoticeable.

3)  Likely adding 1-2 coins to replace the coins being removed, though being very careful about which ones are added.




Depending on how the next month plays out, ScryptGuild may be changed to a more traditional pool for DOGE+LTC, with profit switching between those two (and maybe 2-3 other coins, like WDC, which have shown consistency).  Having more coins is helpful for profitability, but if that profit is too marginal, I'd much rather have a stable pool that allows seamless switching between known good coins and more consistent returns.
840  Bitcoin / Pools / Re: [6000 TH] BTC Guild - Pays TxFees+Orphan+NMC, Stratum, Private Servers on: March 19, 2014, 12:19:31 AM
3 month luck is finally under 100% Sad.  First time it's ever happened.  I did add a 6-month luck figure now that we actually have 6 months of luck history stored.  Then again, expectation states it should be above and below 100% in roughly even amounts of time (averaging out to neutral over an infinite length of time).  I suppose the bright side is we had our good luck when difficulty was lower, which puts long term earnings above expectation by a decent margin for users that were around during those times.
I thought the whole point was that the expectation was that it would be more profitable than PPS over time?  So while it's not unexpected to see it dip below 100% Cry it's not necessarily going to even out over time?

I don't hold much store by luck as there's sod all I can do about that, so I just collect my coins at the end of the day and count what I have, and don't count what I don't have.

100% luck is significantly better than the old PPS.  For the old PPS to be better, luck had to be approximately 95.5% or less, assuming 0 transaction fees and 0 namecoins.  I think that's one thing a few people failed to understand.  Luck wasn't measured against the 7.5% PPS, it was/is measured against 3% PPS (AKA:  Perfect neutral luck minus 3% pool fee).  If the pool finds *exactly* as many blocks as expected for the shares submitted, you'd have "100% luck".
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