Really strange the pool not finding a block for nearly 24 hours, when running at 360-440 TH/sec - at current difficulty the pool should be minting 5 blocks per day. Yes I know its not a given to get a particular amount per day and things do get unlucky now and then, this just seems wayyyy at the far end of 'very very very bad luck', which seems to happen to this pool now and then.

This is also the same pool that brings you minted blocks with 0 shares submitted

1FTEu3iVKWchXCcYNBT7PrpKDPydvTnWGy

Ty!
Good luck everyone

1FTEu3iVKWchXCcYNBT7PrpKDPydvTnWGy

Check you are using stratum protocol. 3G is high latency (200ms usually) which is not conducive to low latency work. You send 10 getwork, thats 10 x 200 ms for the work to do the round trip and come back. Scale it up and do the maths.In times your local 3g tower is busy, thatlatency is going to rocket up even more (and some packet loss dropped in for good measure). 4G can help too - if you can get it.

If you are using stratum, then as the previous poster said - its more than likely the PSU.

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1FTEu3iVKWchXCcYNBT7PrpKDPydvTnWGy

There are some of us who just have a sh*t load of BTC in various wallets from many years of mining. Its in our interest to get more people involved in BTC mining and contracts are an easy way to achieve that. Is it worth it to me to run my rigs myself to gain 0.05 BTC/day, not really - that is a very very very tiny fraction of my balances.

But is it worth it that the market grows, BTC becomes more wider spread , more widely accepted and makes my the BTC balances of my wallets worth more in real world money? Hells yes.

So easy way in for more people - cheap, honest mining contracts.

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1FTEu3iVKWchXCcYNBT7PrpKDPydvTnWGy

I do sell mining contracts on ebay and other areas, but *always* with hardware available to back the contract up. In auctions, I always start a auction with no reserve and run from my 100% positive feedback account. My contracts always mine on the customers pool and not my own, and my contracts always include the full debug output of the stratum mining proxy as proof of submission. Cant really say fairer than that.

Any person selling a mining contract who refuses to allow the buyer to select their own pool is probably not worth buying from IMHO.

I do agree with other posters, some of these contracts look like speculation or people trying to recoup money already paid out for pre-orders. I have seen a few ebay auctions promising:



but only when they "take delivery" in 2014 (saw one recently for 100TH/sec!  LOL). Some of these auctions even name their ASIC suppliers and in most cases the 'supplier' is a known scammer. So either people who got scammed trying to get some money back, or people who genuinely believe these units will ship (poor gullible..)

The prices of mining contracts at GHs exchanges and other hosted solutions is, in my view, ridiculous - sometimes tens of thousands of dollars for hashing speed that you could buy hardware and run at home for around 2 to 4 BTC. Its no wonder there is a market for contracts on ebay/others for people who want to play fair, believe in BTC and who want to help the network. But sadly, that condition also means there is a market on ebay for scammers too.

Agree with the previous poster - even if I sold a 24hr 50GHS contract for as little as $20 the purchaser wont recoup that with today's difficulty and exchange rate (~$5 loss). But people do still buy. Perhaps its the joy of the luck of the block discovery - much akin to the rewards of gambling I suppose. Perhaps its the belief in the long term future of BTC. Who knows individuals reasons, but all I know is they do buy the contracts.

For my history, Ive been mining on and off since 2009 - from CPU days, through GPU days and now to ASICs - mainly solo - so I like to think I know a thing or two about this game, even if it has taken me till 2013 to come out of lurk mode on bitcointalk.

Hope this insight helped

1FTEu3iVKWchXCcYNBT7PrpKDPydvTnWGy

hi everyone, bit of a nub question but why did this block have so many addresses do the 'generation' ?

000000000000114a4eb0b052b677caa68d62b982927f956cb5a99f4445154856

I thought in pooled mining, the address of the pool would get the reward and then distribute to the members of the pool? That block looks like somehow all of the miners in the pool got the 'generation'

Thanks folks!