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641  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com on: February 08, 2014, 01:28:34 AM

You ask for transparency?  Which multi coin pools detail the trades they make?  Stating a % fee is one thing, but without anyone knowing how much of each coin has been generated and how much it was traded for, who is to know that the % fee stated is actually the amount being taken?



You're right.  Pool operators should provide all of this information to miners, but certainly not on a real time basis as that would have the potential to negatively affect the profitability of the pool.  Should it ever become necessary to audit their claims, all one would need to do is compare their stated results to the the public block chains.  24-48 hour delayed data would likely be suitable to the purpose.

Show me a pool operator who utilizes an efficient profitability algorithm _AND_ makes this data available for all, and I will show you the pool operator who will attract most of the scrypt miners on the planet.


Hello, I'm right here.
642  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 08, 2014, 01:05:29 AM
Looks like the hash rate has dropped as some of our big miners have left after their earnings changed when we fixed a bug. If theres anything we could we'd love to hear it.
643  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com on: February 08, 2014, 01:03:56 AM
Is your BTC/MH calculated on accepted share megahash or accepted + rejected share hash rate?

It's based on accepted shares. I know it's not perfect, but I think it doesn't make sense to base it on accepted+rejected as some malicious traffic flooding with invalid shares might easily skew the numbers. It can't do it when the stats are based on accepted hasrate.


This is interesting, it should probably be noted somewhere because those users with 5-10% rejects will be getting that much less of the estimated daily earnings and probably say wtf
644  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com on: February 07, 2014, 05:47:05 AM
I am skeptical of the profitability ratings as it seems the only coin that comes remotely close to satisfying that profitability rating is DOGE. If it's legit, bravo.

Of course it's legit. There are ongoing payouts to users based on these numbers.

I agree that the only coin that has similar average long-term profitability is DOGE. But the whole point of coin-switching pool is to pick up a coin that only temporarily has good profitability and then switch to another coin that suddenly started being profitable. This is what this pool does.

Actually we're not even mining DOGE at all. We have too little hashpower for this. All these results come from other coins than DOGE. I really hope that we'll grow quickly to a point where we could start including DOGE as well.

Is your BTC/MH calculated on accepted share megahash or accepted + rejected share hash rate?
645  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com on: February 06, 2014, 10:04:31 PM
I am skeptical of the profitability ratings as it seems the only coin that comes remotely close to satisfying that profitability rating is DOGE. If it's legit, bravo.
646  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 06, 2014, 03:25:03 AM
In other news not much externally visible development has been going on. I've been working on moving from a unicorn app servers to a puma app server, mostly for speed and to decrease memory usage. We will probably be moving all the coin nodes to puma as well.
Next up I will be optimizing how our background tasks are done so that the coin stats job is run every single minute and things like processing redemptions will only happen every 15 minutes. There is also a problem where redemption processing can take a while when updating about 5k payout rows in the DB. We'll be optimizing this with batch updates. After this we're going to continue to look for ways to speed things up as demand will only go higher.

On the front end prepare for more in depth worker/user/pool analytics and more API endpoints. Also we will be adding kittehcoin tonight.
647  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 06, 2014, 02:57:39 AM
Hi, my Redeemable Balance has not moved since at least this morning  Huh something wrong  Huh

No, we have to manually transfer money from our Cryptsy wallet to our own so that we can make payouts redeemable. As long as your estimated and confirmed balance are going up while you mine, then there is nothing wrong.

EDIT: You can read the whole process here: https://hashbros.co.in/blog/2014/estimated-balance-confirmed-balance-redeemable-balance

Precisely.
648  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 09:49:50 PM
This is a very nice looking site.  I am impressed

I will be switching a miner over in a few to test it out  Wink

Woohoo.

On another note, back to .01 BTC/MH
649  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 09:00:02 PM
People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.

Solution: only mine the extremely profitable doge blocks... say, those that will be over 800,000,000 reward.  Sure it might take you a few days to hit one, but the pool will absolutely profit in the end.  And switch off doge as soon as a block is found and the next block's reward is lower.

And what if that block get orphaned? I was mining DOGE at https://dog.cryptoworld.eu/statsAuth we were counting on block for 106 Hours 10 Minutes and it get orphaned. Another took 49 Hours 3 Minutes oh shit.. Pool had about 200Mh/s in that time. The most of power of that pool is back to LTC now.

For me HashBros logic to mine easy coins until pool gets bigger works perfectly. I've earned here 0.170BTC just from 31.1. with around 2Mhs power. A miracle! compared to my previous experiences. Thanks Smiley

But please fix that lagging web interface. Wink

Refer to my previous post, it was a pretty trivial fix and it will be fixed in the future for sure. Glad you're enjoying the pool!
650  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 08:47:48 PM
Apologies for the non updating stats for 3 hours. Shit broke while I was sleeping. In a nutshell our scheduled tasks run every minute. Sometimes the tasks take longer than a minute so we want to make sure this action is atomic. We use a lock file to ensure that tasks aren't run more than once at a time. For some reason the lockfile wasn't properly removed from a scheduled task and the new tasks wouldn't run. So i'll have to add some logic to delete lockfiles that are x minutes old in the event that they are stale.
651  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ReddCoin POOL] RDD.HASHBROS.ORG 0% Fee on: February 04, 2014, 08:43:25 PM
This is such a joke : http://hashbros.org/?hg=0&nr=0

I think you will notice that the link you posted is not even the one for my pool...

That's the point. At least upload an original index.html for the main domain.
652  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ReddCoin POOL] RDD.HASHBROS.ORG 0% Fee on: February 04, 2014, 03:23:38 AM
This is such a joke : http://hashbros.org/?hg=0&nr=0
653  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ReddCoin POOL] RDD.HASHBROS.ORG 0% Fee on: February 04, 2014, 03:22:52 AM
I really doubt there is any need for that kind of language!

Have fun trying to piggy back on our glory you fucking peasant
654  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 03:00:09 AM

Great, thanks. If waffle pool can do it im not too worried Smiley

Also looks like his profitability rankings are a tad delayed :/
655  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 02:45:11 AM
Are you guys setup to predict the value of the next block for the various variable reward coins, yet?  (e.g. dogecoin, lottocoin)

Waiting for that before I give HashBros a try again, because calculating profitability based on average dogecoin reward make absolutely no sense at all.

We don't but we will in the future when it matters. Right now we don't mine doge or lotto because of diff. The estimated time to block time has to be less than 5 mins for us to even look at it.

I don't understand this logic.  Are you just trying to decrease variability?  The most profitable thing to mine is the most profitable thing to mine.  high diff increase your variance, but not your profits over time.
This is my point of view too, I go with overall profitability over variance avoidance. Yes we could be unlucky and not hit a doge or lotto block in which case the mh/day would be lower, but our expected mh/day would be higher, regardless of the variance. Hell it could go the other way and we could be lucky straight out the bat.
But i think what matters it the Emh/day (expected megahash per day) regardless of the variance involved (even with high diff coins).

I think the idea of multicoin mining is the maximise our expected payout. By joining a pool we also lower our variance comparatively to just multicoin mining by ourselves.
Dont think its just about more consistent payouts, but more consistent higher payouts which is what happens when you mine the highest profitability coin (be it doge lotto annon franko) regardless of difficulty (in the long run, or short run the variance evens out).

People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.
Yes I can see why it would scare people off because of the potential variance, but possibly make it scalable to compensate for the fear of increased variance - say that dogecoin because it is harder to find a block has to be 1.2x more profitable than the second most profitable coin, because then you are increasing your Emh/day by A LOT so long term it will attract more people to the pool.

Basically as phzi mentions, we only then mine the really profitable doge blocks not the ones 500k and below (since its known during mining) and we drop it when it decreases. Yes it will make some 15min mining blocks 0.00 payout, but you will have some bumper ones, and our Emh/day is WAY higher, maximising pool profitability, which in turn maximises attraction for others, and maximises the pool owners fees too, win win.
Making it say 1.2x higher than the others profitability sort of is middleground (you can make it 1.3x or 1.4x if you want to be more risk averse).

Thats something to think about. I'm going to have to look into calculating the block variable block reward sizes, you have any other resources or should I just look at the blockchain as a reference?
656  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 02:34:47 AM
People aren't as smart as you guys and don't think as long term. If they don't see earnings within hours they will bounce and I'm trying just to survive now.
657  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 02:29:22 AM
Are you guys setup to predict the value of the next block for the various variable reward coins, yet?  (e.g. dogecoin, lottocoin)

Waiting for that before I give HashBros a try again, because calculating profitability based on average dogecoin reward make absolutely no sense at all.

We don't but we will in the future when it matters. Right now we don't mine doge or lotto because of diff. The estimated time to block time has to be less than 5 mins for us to even look at it.

I don't understand this logic.  Are you just trying to decrease variability?  The most profitable thing to mine is the most profitable thing to mine.  high diff increase your variance, but not your profits over time.
This is my point of view too, I go with overall profitability over variance avoidance. Yes we could be unlucky and not hit a doge or lotto block in which case the mh/day would be lower, but our expected mh/day would be higher, regardless of the variance. Hell it could go the other way and we could be lucky straight out the bat.
But i think what matters it the Emh/day (expected megahash per day) regardless of the variance involved (even with high diff coins).

I think the idea of multicoin mining is the maximise our expected payout. By joining a pool we also lower our variance comparatively to just multicoin mining by ourselves.
Dont think its just about more consistent payouts, but more consistent higher payouts which is what happens when you mine the highest profitability coin (be it doge lotto annon franko) regardless of difficulty (in the long run, or short run the variance evens out).

People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.
658  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 02:24:12 AM
Funny how that question doesn't get asked then gets asked twice within 5 minutes, great minds think alike!
So currently we're not mining the higher difficulty coins because of fear of increased variance (even tho long term payout would be better), is there a way to display on the profitability page then, the coins that currently are unminable by our pool, so that when we go on we don't see say Dogecoin top, then Lotto second and wonder why instead we are mining the third choice coin at much lower profitability?
You could just put a line overlaying the whole of the coin to give the user an idea of what is and isn't currently possible.

What I may do is have a rotation listed under the profit switching pool under the pools tab. The profitability page is more for the public as a resource. This will have to be thoroughly explained because I get it ALL the time, "Why aren't you mining DOGE?!".
659  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 02:22:21 AM
The whole purpose of pooled mining is to join efforts for more consistent payouts. Why would we mine DOGE as a pool when our estimated time to find a block is over 1 day. That is absolutely retarded. Is it more profitable? In a utopian world yes but it could take plus or minus hours and be much more or much less profitable than it really is. By the time we find a block it could crash and not be as profitable as it once was.

660  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS] on: February 04, 2014, 02:15:27 AM
Are you guys setup to predict the value of the next block for the various variable reward coins, yet?  (e.g. dogecoin, lottocoin)

Waiting for that before I give HashBros a try again, because calculating profitability based on average dogecoin reward make absolutely no sense at all.

We don't but we will in the future when it matters. Right now we don't mine doge or lotto because of diff. The estimated time to block time has to be less than 5 mins for us to even look at it.
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