Simple equation 5 watts per chip

They go negative not so much because of the power usage but the difficulty becoming to hard for the miner.

You got lucky, wait until those rewards are countered with CEX.io HUGE maintenance fees on cloud, there are times your reward is negative due to the fees being bigger than the rewards. Make sure you look very very closely at your rewards before you do statistics like this, I bet your table will reflect a whole new set of numbers once you check your balance against your rewards minus the fees. I promise you if you recheck the balances you did not make 1.4% you probably lost 30% on the mining being thier fees are 62% for maintenance. minus the trade fees you are looking at a nice loss of 22% haha. If I were you Id look at the finer things you left out in this message like the trade fees and the maintenance fees.

FYI I have been mining there a log time so no use trying to bullshit me. Cex.io/Ghash.io are the biggest scammers in the world of pools.

I will list a few things for you to determine yourself, along with screenshots to back it up.

My miner report for that block
(5s):1.023T (avg):1.022Th/s | A:3322712 R:5120 HW:22 WU:13.6/m

This was the payout report
17732 2014-08-24 09:49:25 317250 25.0550 1/120 4 hours 46.77 Ph Your shares 1523536/75000007950 0.00% 168878284227 0.00050896

Here is the report from the block cloud mined and its fees.
2014-08-24 18:34:54 0.00050896 BTC   0.00050977   MINING-Block #317250, Reward: 0.00050896
2014-08-24 18:34:54-0.00010196 BTC   0.00040781   MAINTENANCE-Shares 177624 , Cost: -0.00010196

Now if we do a simple mathematical equation it will tell us something interesting

If you can mine 177,624 shares with 50ghash/s of mining power in a 4 hour block, how many shares can you mine with 1000Ghash/s of mining power in a 4 hour block?

Solution 177,624(20) = 3552480

Wow how ironic to see that mathematically the numbers match very closely to what my miner stats output was huh?



NEED MORE PROOF Ok here you go this is for only 50Ghash of their cloud

2014-08-25 10:19:37   -0.00004996 BTC   0.00026826   MAINTENANCE   -   Shares 87032 , Cost: -0.00004996<-------------
2014-08-25 10:19:37    0.00002763 BTC   0.00031822    MINING   -   Block #317346, Reward: 0.00002763<-----------------LOSS of 0.00002233
2014-08-25 08:18:26   -0.00001076 BTC   0.00029059   MAINTENANCE   -   Shares 18744 , Cost: -0.00001076
2014-08-25 08:18:26    0.00002977 BTC   0.00030135    MINING   -   Block #317335, Reward: 0.00002977
2014-08-25 07:54:04   -0.00000207 BTC   0.00027158   MAINTENANCE   -   Shares 3600 , Cost: -0.00000207
2014-08-25 07:54:04    0.00003121 BTC   0.00027365    MINING   -   Block #317333, Reward: 0.00003121
2014-08-25 07:46:58   -0.00004372 BTC   0.00024244   MAINTENANCE   -   Shares 76152 , Cost: -0.00004372<--------------
2014-08-25 07:46:58    0.00003099 BTC   0.00028616    MINING   -   Block #317332, Reward: 0.00003099<------------------LOSS of 0.00001273
2014-08-25 06:03:07   -0.00003185 BTC   0.00025517   MAINTENANCE   -   Shares 55472 , Cost: -0.00003185
2014-08-25 06:03:07    0.00004361 BTC   0.00028702    MINING   -   Block #317324, Reward: 0.00004361
2014-08-25 04:46:45   -0.00002396 BTC   0.00024341    MAINTENANCE   -   Shares 41736 , Cost: -0.00002396
2014-08-25 04:46:45    0.00004588 BTC   0.00026737    MINING   -   Block #317314, Reward: 0.00004588
2014-08-25 03:48:34   -0.00001855 BTC   0.00022149    MAINTENANCE   -   Shares 32304 , Cost: -0.00001855
2014-08-25 03:48:34    0.00004588 BTC   0.00024004    MINING   -   Block #317314, Reward: 0.00004588
2014-08-25 03:03:57   -0.00005255 BTC   0.00019416    MAINTENANCE   -   Shares 91544 , Cost: -0.00005255<---------------
2014-08-25 03:03:57    0.00004122 BTC   0.00024671    MINING   -   Block #317310, Reward: 0.00004122<-------------------LOSS of 0.00001600
2014-08-25 00:59:13   -0.00001266 BTC   0.00020549    MAINTENANCE   -   Shares 22048 , Cost: -0.00001266
2014-08-25 00:59:13    0.00003989 BTC   0.00021815    MINING   -   Block #317298, Reward: 0.00003989

I have found that my ISP has complete server time outs, I found this occuring at least every 1 to 3 minutes and sometimes the time outs last 3 to 15 minutes. The misers look as if they are mining all the lights doing what they normally do.

If I do traceroutes and see * * * Timed out this is cutting me off the internet completely how drastically will this effect my mining potential.
I also have done a few pathpings resulting in 44% to 100% lost packets at times thruout the day. This does effect my mining does it not?

Let me also add I am using my ISP's servers and websites as my paths I am pinging

Also in the picture provided you can see I had to run 3 trace routed before one would even connect to anything in their network

what is the least amount of bandwidth we shoudl be using for a mine of 5000 Thash SHA and 50 Mhash of script on the same network

Also what router specks should I use ( not name brand but Specks some brands are not available to me in this country unless I order from overseas)

I am moving to a new city because of this. (I live in the Philippines) things here SUCk haha its like they took a bunch of technology and dropped it on a civilization in 1820.

One of the smaller of the chinese farms (as you call them) averages 280,000 dollars worth of bitcoins a month with a 60,000 dollar electric bill. most of these farms you seek to destroy are not farms at all they are the people manufacturing or re-selling the mining equipment. they are manufacturing the equipment and then  they test it allright, they put that shit right to work mining for them until someone buys the machine. They keep it all in the chinese hands too they mine in a chinese pool and sell thier coins daily, why? Because they can!! pure and simple, they have no costs in the equipment they are mining with. all the machines they are mining with have been paid for by miners who purchased equipment on its release, thus no equipment costs, they dont care about bitcoin or me or you, they just want the cash. so they dump dump and more dump. to them it doesnt matter if the coin is worth 600 dollarts or 50 dollars they are bringing in over 700 coins a month even at 50 dollars a coin they are making bank. Especially when you base that on the CHY and not the USD value.

Unknown miners are usually solo miners, anyone not in a registered pool are combined into the unknown section it is not 1 single miner but anyone solo mining and not in a pool

haha wallstreet boy thought he could get in on bitcoin bought at its normal decreasing stages in the year like an idiot, lost his ass and now wants to complain about it. Hey rat poison buffett, your ignorance is only making bitcoins affordable to everyone. Go back to wallstreet and invest in something you understand, you clearly did not do your research before buying in at 680, that would have only been worsened if you would have been a complete idiot and bought at the 800 price HAHAHA. Go cry to Mr Goldmahn or JP Morgan maybe theyb will feel bad for you. They wont give you anything but maybe you can get a little sympathy from someone who cares.

Thje actual quoted FUD thread is a clear wallstreet boy who just lost his ass on a bitcoin investment or investment firm who just lost a section of a portfolio to bitcoin.

If bitcoin really ants to concentrate on a merchant to pick bitcoin up,. they need more concentration on investment firms, since the only thing controlling bitcoins demand is its tradable value why not target them instead of places like amazon dell and other coin dumping merchants, we need merchants that want to buy bitcoins not sell them DAAAAAAH.

FUD from new users is most likely due to them being pressured by someone and got in on a bad investment situation. Personal due diligence was not addressed and they need a place to vent.

They could be just generally angered that they were not able to get rich quick, thus need a place to complain about it.

ignoring all FUD is not the answer, there are stupid FUD people and there are FUD that has substantial proof and backing. If you got in to late sorry about your luck thats life, if you felt pressured into an investment and are now loosing your butt, you should have done your own research before investing. Even I (as a FUD poster) can tell you buying in the past 5 months to next 3 months is not a good idea. as history shows the regular movements are downward at the end of the year add that with the merchants dumping a lot of coins every two weeks and its just not a good decision to make.

Altho i post a lot of FUD postings I hope people will run out of bitcoins to throw at these merchants soon. the sooner the kids and bitcoin stupid people get rid of all thier bitcoins the faster the price will raise. We need to kill the faucets and gambling sites. I hate to say that, but that is where the idiots are getting the coins to spend with the merchants. we need people buying the coins in order to spend them not gambling a win and getting free faucets earnings and referral earnings of over a bitcoin a week. And yes it can be done if you know what you are doing

I cant really say I am a complete FUD poster, but a lot of my posts do relate to Bitcoins inability to create a true demand for Bitcoin. I wish someone with one of those damn 1 million coin wallets would put them to use in a positive way.

I agree with the original poster Zimmah please re-read his post, he didnt say it was going to be a replicate of Bitcoin, he said they will watch it and see what causes its failure then do their own strategy fix the broken parts and blast the scene with a better coin. Do you know much about bill gates, he had a dream  that was not working as he planned actually, he then befriended and took innovative tech from IBM, Zerox and even apple to make his dream a reality that took over the world, then he created a generalized monopoly on his dream so no one can compete with him until it was to late, copyrighted his thoughts so no one could steal his toys,. Now if he did this much damage with computers on his way to riches and the top 10 wealthiest men on the planet, what do you think he will do with an open source project.

You could not be MORE wrong!!

At the moment Bitcoin as a whole is failing.

Bitcoin  as financial transaction is not failing at all. It is actually thriving, it does exactly what it is supposed to do. It is a wonderful adaptation to our current transaction processes. If more and more people keep adopting its usage, it can only grow stronger.

The value of bitcoin however is failing drastically.

Why is the value so important? and how does this effect the overall success of bitcoin?

Very simple

Miners need a good value to make mining profitable, ( unless you know an electric company who accepts bitcoins as payments they need cash to pay the bills)  if the value of the coin becomes so low it is no longer profitable to mine, BOOM instant failure, no miners means no transactions getting processed , if no one is processing transaction the coin fails.

So you see the value is just as important as the structure behind the transaction protocol

Allow me to help you, by the end of December price will be below 100 dollars USD a coin, ( because of the bi-weekly merchant dumps that have been happening over the past 5+ months) at this point a your transactions will become much slower as a lot of the miners will have turned their machines off. This price will attract some of the idiot high dollar investors and by February we will be back close to 300 dollars again if we are lucky, at which time miners will begin to turn their machines back on.

Unfortunately this process will not fair well for bitcoin, if transaction times become longer it will begin to deter new users from keeping the coin after adopting it. It will give the coin a bad reputation and all this work people are putting in to getting the coin adopted by more merchants will be futile. This is not 5 years ago, Bitcoin is no longer in its infancy, this is the determining stages of the coins future. Difficulty is to high to play the same games the developers have played the past 5 years, if they dont get their heads out of their asses we are all going to lose.

Lets put more concentration on creating a real demand for the coin and not worry about more coin dumping merchants picking it up right now. If there is a true honest demand for the coin people are going to buy it faster than if they want a computer from dell who takes both cash or BTC. merchants do not secure its success, creating transactions can only go so far. having something no one else has and having to use bitcoins to get it, now thats a demand that makes people have to get bitcoins

Holding bitcoin  does absolutely nothing for the value of the coin itself. Buying bitcoins will raise its value. And since the only thing Bitcoin has to secure its value is the tradable market ( people buying and selling it) it would be very Unwise to "hold them" in hopes for an increase. it would be better to wait until late december when the price is well under 100 dollars a coin again and buy somne and hold them then.

Ok ok bitcoin enthusiasts, and blind defenders, the truth no matter it you want to admit it or not is pure and simple, bitcoin drops in value roughly 40 to 60 dollars every two weeks, mostly due to the merchants that accept the coins dumping them for Cash to pay their bills. Thus if you do the math there are 5 more bi-weekly drops due before the end of december. the value right now is 368 dollars lets pick the middle number of 50 dollar decrease per biweekly dump (as the history the most current past 5 months + has told us for certain) 50 * 5 is 250 dollars 368 - 250 is 118. Keep in mind once the value hits a certain low point panic will set in on a lot of investors and this price by the end of december will be well under 100 dollars

Thats when you buy. unfortunately I do not like this but facts are facts. If the developers dont pull some dramatic demand out of their ass for bitcoin this is its future for this year. And since its been 5 years+ and they have not done it yet I dont see any miracle coming from their end of the game as to creating a true honest demand for Bitcoin. They have already made their millions upon millions of dollars so they dont really care what happens with it now. Sad but true.

if you are using BFGminer then you have CGminer drivers installed

if you are using CGminer then you have BFGminer drivers installed.

if you are using CGminer make sure to run Zadig and change the drivers to the winusb drivers.

If you are using BFGminer then reinstall the CP210VCP drivers.

if this is your first time using the miner, and you just got it and installed it, the BFGminer should recognize it as it runs on specific comm ports (for Sha-256 miners) if it is not new and worked before then you must have changed the drivers.

if you are trying to run BFGminer and CGminer at the same time (for sha-256 miners) I can tell you it may not work, I cant get it to work unless I am running CGminer on script (which asks for CommPorts) and then use BFGminer for my sha miners. I do not like this because my SHA miners do not get as good of hashrates as they did in CGminer asnd the hardware errors arrrrrrrrr

the best place to start mining adventure is Eobot

https://www.eobot.com/new.aspx?referid=38110

You can use my referral or not but I give bonuses to my active referrals. In hash not coins

I started here just 5 months ago I now own two 1 Thash dragon miners a few rockminer r-boxes and a 3Mhash zeus script miner. (i just began to get into script)

I started here but I dont put all my hardware here now. I have moved onto other pools I mine mostly at Bitcoinaffiliatenetwork now. I like the owners and the support perople and the payouts are consistant and high.

Eobot is a great way to get introduced into mining. If you have your own equipment or you want to buy some cloud hash thru paypal they do both. they also give you the ability to mine a few different coins and you can get script or Sha-256 cloud. I have both

You can set your payouts to your desired amount and they payout on time very consistantly, I just did another test yesterday and they made 2 concurrent payments to my wallet of over 300,000 satoshi each withing 5 hours of each other.

The support team at eobot is very helpful and very fast on responding to your problems.

I highly advise anyone who wants to get into mining to start here they are a great way to learn the ropes before you by your own equipment.

DO NOT go to Ghash.io their maintenance fes on cloud is 62% and if you have a block 2 hours or more a lot of the time the reward on that block is lower than the fees resulting in
 -BTC. this means if on a block of 4 hours you ggot a reward of 0.00012000 the fees may very well be 0.00018000 thus taking bitcoins from your balance. I suggest we let them get their astronomic fees re-arranged before new people begin ming there with Ghash.io/Cex.io cloud. things like that can instantly ruin a miners first experiences.


FYI
ALWAYS do your own diligent research before taking anyones advice, dont just hop to the first place people tell you and blow your cash. read investigate and do diligent research of your own before you make any decision to do spend your euros on someones elses advice

If you have a coin like say Flutercoin that has Multi Algorythm mining can you solo mine both Sha and script.

I know you will have to add the command line
algo=scrypt
algo=sha256
in your conf file, but can you only use one or the other or can you add them both just like that up there

If you can do you have to have 2 different addresses for multialgo solo mining one address for sha and one address for script?

If you can not Solomine to the same wallet with 2 different algos how can you make this work, can you have 2 separate wallets? one for sha and one for script, and can you run both these wallets on the same computer or must you also have 2 separate wallets and 2 separate computers.

thank you for your help

I started mining at the http://www.fluttercoinpool.com/ pool Worker: FDbJVkEosdQfy3iLfcwHrftNAHMHvDUM4L

I threw more hash to that place than it had LOL

when I began it had 300Khash of script and 280ghash of sha

Now over 4Mhash of script and 2 Thash of sha, Lets hope they payout LOL

I pulled my 2 big machines I pointed there I just wanted to test it HAHA and see the rate rise but I left one of my little guys there hopefully they will payout

I may pull my script miner off there and solomine once the wallet syncs

Anyways as I was looking and thinking is it possible to mine both SHA and Script in solomining?

I see you must add the
algo=scrypt
algo=sha256

can you add both of these command lines and mine both algos to the same wallet or must I have 2 separate wallets somehow.

If I have to have 2 separate wallets can I have them on the same computer or 2 different computers as well?

"Proof of Custody" is just another way to say "Proof of Ownership"

I didnt read any of this because No One can claim a patent on bitcoins its an open source situation thus we all own it.

As far as the electric shoes squirting anal lube this is a great idea, it can keep people from saying they got kicked in the ass with no lube HAHAHAHA.

Chinese companies do the same exact thing, if you honestly think you have ever bought a "Brand New" piece of mining hardware, you are to stupid to even be here they all do it. Hell i would do it, and I am a pretty honest business person. However I, much like the Chinese, would at least clean it and ship what was ordered by my customers.

These things are manufactured and INSTANTLY put to work ( AKA testing) then when ordered by the reseller/retailers they to receive the machines and instantly put them to work (AKA secondary testing) then when you order a machine they pull it off the rack clean it replace the PSU and ship it out. The replacing of the PSU is not always something they do, However I do know the Chinese companies do replace the PSUs before they ship them out

Why do you think 2 of the same exact machines perform differently? They are manufactured the same exact way with the same exact pieces. yet 1 will hash better then the other. if they have all the same exact parts one would tend to think they would perform very closely to the other. But they dont because one was more rigorously "tested" than the other one

Is anyone else getting these.

I dont know who keeps sending them or why but I get a lot of them.

What could be a good reason to send someone 1 satoshi? Does these transactions mess with when I send coins too?



Heres the Blockchain transaction from the most recent one


http://blockchain.info/tx-index/96bd4e207814ce34729b934b976a4f10b44ae16322a9415e0f18956d7dfe49a1

If bitcoin was worth 2 dollars a coin it will quickly cease to exist. At 2 dollars a coin it is not only NOT rpofitable to mine, it is actually going to cost people money to mine. Bitcoin needs miners to process transactions, without miners the blockchain freezes and no confirmations are made on your transactions, So at 2 dollars a BTC no one would want to mine much less be able to afford to mine.

Yep DOWN DOWN DOWN we go where the slide stops NOBODY knows. I said it would be under 200 by the end of the year, and so far, there is nothing stopping it. Maybe we will be lucky and it will hit 90 dollars. Alot of people here are banking on the christmas holiday, the tax people and a lot of variables that just are not worth it to rely on anymore. Christmas is going to force it even farther down, because There are people holding their coins they have collected in various ways to spend them on new computers and other things they can buy with BTC for christmas, when that happens the retailers they use are just going to dump them as fast as they can to get the most out of their value as possible during those months. These retailers are not looking at this in a bigger picture, Let me just say it is not Bitcoin that is in its infancy its the people using bitcoin that are in their infancy. not enough research on their part.

But its ok

Here very very soon this is going to become very problematic for Bitcoin itself, we are very very close to mining not being profitable, people are going to want to force the difficulty down and that means a lot of miners will have to join forces and shut operations down until the price goes back up a little. (or solo mine some alt coins like me) If the right amount of miners pull away from BTC to lower the difficulty this may hurt transaction times.

I know there are a lot of "IFs" but so far things I have posted in the past have came true, ( Just the other day bI told some people Bitcoin will be falling another 30+ dollars better sell now if you want to get it at 400 dollars a coin, cause it wont be there in 3 to 4 more days, and look 368 it is HAHAHA) My nonsense, and "FUD" as others put it, so far has been so true it makes me feel like the Nostradamus of Bitcoins HAHAHA. If only I could tell when the price is going to go back up. Much like Nostradamus I can only foretell destruction, chaos and negative impacting factors, I can not see the silver lining that will make me and my friends rich. Hehe.


The OP was correct about most all of what he said, Gold is oversold in paper contracts, contracts that the banks buying and selling do not have the gold to support, that is how the Gold market is manipulated on a daily basis.

Retailers are dumping coins as fast as they are getting them, why because the price is falling as fast as they are getting BTC, what they sold an item yesterday for in BTC is not what it is worth today and most definitely not what it will be worth in two weeks. you have seen a consistent decrease in value for the past several months in BTC, of 30 to 80 dollars decrease every two weeks, so the retailers have to sell them fast to get their worth to be able to conduct their business, (which does NOT revolve around BTC but rather local currency).

there is no innovation in Bitcoin itself, No one is even attempting to create a demand for this or any other coin at the moment, Aricoin However is on the right track) but the lower the price goes the harder it is to even have the ambition to do anything for the coin for those outside of the development team.



Correct once again the ONLY thing moving Bitcoin is its tradable market, the only thing that used to attract people was Bitcoins tradable value. As the tradable value decreases across the board so does interest in the coin.

So I 100% agree with the OP and add we have NOT seen the worst for it is yet to come!!

You would tip just like you do in a good restaurant, uyou add it to the bill. I do not seem to understand how this is so complex for people. Oh Its mostly people who never had to work in a restaurant, maybe mommy and daddy gave them everythihng. Well here you go fancy pants people, when you work in a good restaurant they have these things called cash registers yea the cool computer looking machines those are not for facebook. and in a quality ran establishment each waiter has their own account. at the end of the night that cool computer looking thingy it tells the manager how much each waiter owes. at that point the waiter then pays the amount they owe to the manager and keep the rest. Same thing for pizza delivery drivers, they have an account at the end of the night the manager tells them how much they owe.

The manager of the restaurant can set up wallet addresses for each waiter and Driver, just like everything else. when the waitress inputs the orders paid by bitcoins into the register it tallies up her amounts just like it will with the cash orders. At the end of the night she/he will owe a fiat amount to the manager and a bitcoin amount to the manager. They pay the amounts owed to the manager and transfer the rest into their wallets or have the manager trade them for cash on the spot. either or.

People make this shit much more complex than it has to be SERIOUSLY.