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did u changed payouts times ?
i was getting paid every 0.01 BTC , but now its just adding up
Yep, it's been changed to once per day, at the request of users. It's paying out now at 1:55am, but I am not sure what timezone that is hehe. Rit. Why in the world did people suggest that? Personally, getting paid as btc acrues in the account was one of the big advantages over middlecoin. Oh well, no big deal I guess. |
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Do you have a calculator? With 0.00796 BTC/day per MH/s I have to get (theoretically): 0.03582 today..... Till now I have just one payment for 0.01126142 and Ready For Payout 0.00788827 BTC = 0.01914969 Remains 6 hours... Do you believe that for 6 hours I'll receive another 0.01667031  There is something wrong in calculations! 0.00796 BTC/day per MH/s is NOT true by me. But your total expected is 0.04135988... Some of the coins you helped to generate over the last 24 hours either haven't matured (yielded blocks) yet or haven't been exchanged for BTC yet. You have to count these in the work that was done. When looking at those, you're almost right on the money. |
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+1. This needs to be in a sticky or somewhere very obvious that folks can see. Lots of folks asking about this. Ignore CGWatcher rejected shares. Only rejects that matter are the ones tracked on the website. |
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the fact you impose arbitrary standards on this pool also seems to have glossed by your attention.
I'm failing to see how it's arbitrary to say that the vast majority of pools charge 1% or less. It's quite objective, and in no part arbitrary. argumentum ad populum. the vast majority of people on earth don't know what a bitcoin is. ergo, bitcoin is worthless? It's quite objective, and in no part arbitrary. because why? because you've declared it objective? where's your data? it's your fucking opinion that 2% is too high, you cheapskate. Lets use an analogy then. You can go to any number of online financial brokerages (Etrade and the like) and pay $10 a trade. You can go to a financial advisor to do the same thing and provide you some advice while he's at it for $25 a trade. When you're trading $5000 worth of securities at a time, it seems like a pittance either way, but the latter is still a LOT more expensive, relatively speaking. so by your standard, a 0% pool should be best? sometimes you get what you pay for. pool operators should aim for sustainability, not a race to the bottom for pool fees. Just...wow. You need a lot of work on reading comprehension. Please quote the one place where I said 2% is "too high". I guess you must've missed: I'm not saying it's expensive, but to call it virtually free is just flat wrong. 2% isn't much overall, but perspective and opportunity cost need to play a role in where to point your hashes to.
Secondly, how are you too fucking stupid to understand what "industry standard" is? It's *objective* because it's very easy to prove, not because I've declared it so. You want data? Here's some: http://www.doktorrf.com/dogecoin/pools.htmlIt's a trivial exercise to look at that site and say that exactly 9 of the >55 pools on the list that charge anything more than 1%. In point of fact, *26* of them charge nothing. This list could very easily be assumed to be representative of the entire mining pool community, since many/most of the pools listed there host other coin pools as well. The FACT is that this pool charges more than most. I'm not saying that it's too expensive. In fact I've said the opposite. Get the fuck off my back. |
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the fact you impose arbitrary standards on this pool also seems to have glossed by your attention.
I'm failing to see how it's arbitrary to say that the vast majority of pools charge 1% or less. It's quite objective, and in no part arbitrary. Lets use an analogy then. You can go to any number of online financial brokerages (Etrade and the like) and pay $10 a trade. You can go to a financial advisor to do the same thing and provide you some advice while he's at it for $25 a trade. When you're trading $5000 worth of securities at a time, it seems like a pittance either way, but the latter is still a LOT more expensive, relatively speaking. |
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To your point about this being a "virtually free service"....BS. 2% is *double* the pool standard for profit. The fact that this *seems* low to you is irrelevant. You forget trading alts for BTC and exchange fees. Not really. There are plenty of pools out there that actually charge no fee at all, and the rest of the transaction fees can easily total to <1%. I'm not saying it's expensive, but to call it virtually free is just flat wrong. 2% isn't much overall, but perspective and opportunity cost need to play a role in where to point your hashes to. |
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I'm not bitching (I actually like it here) - but -- this isn't a virtually free service at all (Terk is making 2%. Total expected right now is 111 BTC, so when Terk closes that off to 0 that's 2.22 BTC in his pocket for 24-36 hours).
People have every right to complain - even if it's difficult to read the same complaint over and over again, just as you have every right to complain about people complaining, and then saying something completely untrue (suggesting that this is a free service).
No its virtually free. ... Ugh, sounds like middlecoin all over again. Yes, we get it, we can all leave if we don't like it. We know where the door is. Some people actually have constructive criticism to offer, and are invested in the success of this pool. If *you* don't like critical posts in this thread, you can always find another thread. The twitter and the main site has plenty of good info if you're just looking for pool updates. Further, much to his credit, it really seems that the pool operator here is both attentive and receptive to suggestion (completely unlike H2o). Big kudos to him for this. To your point about this being a "virtually free service"....BS. 2% is *double* the pool standard for profit. The fact that this *seems* low to you is irrelevant. I work in the defense contracting industry, and standard fee for services is on the order of 6-8%. If I were to ask for double this (without shifting to a different low-risk contract type), my proposal would hit the "round file" pretty much as soon as it was received. I think Clevermining is a great service, and I mine here over the others because Terk really seems to give a shit. But we *are* customers paying for a service, and we do deserve some level of quality. Don't forget that. |
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Um, yeah, what they said. Just mined with 12MH for 3-4 hours and the stats were saying my total payout was about .0008btc. I don't know if this has something to do with the way the stats are displayed, but that's at least an order of magnitude below where I should be on even a really bad day mining scrypt coins.
Back to coin hopping I go. Nice website though.
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You didn't read a word, did you?
Of course I did, but I'm failing to see the practical difference between simply handing a disproportionately large amount of the coins to a select few controlling entities, and awarding them the coins after a (mostly) trivial amount of mining. You can theorize about the altruistic and right-minded nature of the founders and early adopters (and I'm certainly not saying you're wrong), but those same arguments could just as easily support pre/instamined coins. At the end of the day, they control a significantly larger amount of coins than the amount of work they put into mining them relative to those that come later, regardless of what they choose to do with them. I should note that I'm not begrudging them the right to do whatever the hell they want with their coin. I've never understood the people that bitch and moan about premined coins, like it was their God-given right to a fair shake for a particular coin. Maxcoin is a great recent example. Personally I just vote with my hash power and go elsewhere if I don't like a coin or its profitability is low. I like Darkcoin and would probably buy into it if I weren't risk averse and tend to avoid speculation. |
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So what's the rationale for this block reward system? (11111 / (((Difficulty+51)/6) ^ 2))
As I understand it, the TOTAL distribution per unit time will come crashing down as network hashrate goes up. Not to mention each miner is getting a tinier slice. That's rather discouraging.
Apart from Darksend, I think this is the best feature of the coin. All other altcoins become diluted if they doesn't become a instant success like Dogecoin. So the early adopter edge becomes even more overwhelming? Nice way to kill a coin. An exchange medium is only worth something if others agree and also have a stake. We'll just end up a small group of hoarders waiting around for something to happen. Reminds me of QRK. That is overstating things. Reading through the thread, it is abundantly clear that the devs and other early adopters believe in the coin and are not planning a massive dump. IMO this is a feature -- not a problem or a scam. Basically, it allows for the devs to have a more fine control over how the coin is released into the market; and thus prevents a “mid-life” dump via multipools and whale miners that troubles many a coin once the price starts to rise. As mentioned above, if a coin is super-popular from the beginning like Doge then there is no problem as it gets distributed to a wide range of miners. Even if whales or whatnot show up later there is a big enough dedicated mining community that in effect prevents these entities from negatively effecting the market. On the other hand, coins that don't blow up from the beginning and slowly rise in price due to the efforts of the early adopters, inevitably get attacked by these whales/mutlipools -- and the diff increase alone never seems to be enough to prevent a ton of coins of entering the hands of the few. When these coins get dumped... the market crashes. The way Darkcoin is currently set up this cannot happen. And yes, even though Darkcoin is multipool resistant – it is still vulnerable to whales (it was actually getting hammered before the diff /reward system was enhanced by KGW). Now, I know it may seem unfair to latecomer miners and some trolls even went as far as trying to discourage people by calling this a instamine. But the thing is... the vast majority of coins have a high percentage owned by early adopters. That is the reward they get for believing in the coin before anybody else. Due to the diff/reward system Darkcoin might be a little more extreme, but as I just explained that system has a very important purpose. Lastly, it is not like the devs are not willing to respond. Take a look at the diff/reward chart below.  The blue line is actually a hardfork that was put in place a couple of weeks ago to be ready for GPU miners (GPU client first released last week) so that reward wouldn't drop to zero once the hash power went through the roof. Tldr; This is a fair coin. The diff/reward is a feature that allows more fine control over how much coin is released into the market and thus prevents manipulation by whales who plan to dump. lol, how is this effectively different than a premine? |
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Profitability now in the toilet for DRK. At almost 400 difficulty, in terms of scrypt, mining DRK right now i should be averaging about 0.088 BTC for ~12 MH/day (35MH for DRK) of power, assuming .002 DRK/BTC rate holds. This is at least 50% worse than any auto-switching scrypt pool. Guess I'm pulling up stake here.
Great coin concept though, I enjoyed being part of it for a while! Good work Devs.
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Holy difficulty spike
Yeah, 1.5+ Gh added from pool.darkcoin.io coming back online. Not exactly. I assumed most of those folks switched to a different pool. It came back up about 2 hours ago, but the network hash just went up about 1 GH in the last 15 mins. I might have to switch back to mining max. Profitability is tanking unless value continues to go up. |
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It's been almost 3 hrs and still no "confirmed" coins.
Is this normal? How long should I wait?
I believe target block time is 2.5 mins. Confirms before credit is 120 I believe. 120x2.5 is 300 mins. |
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Ugh. Went down for me overnight around 0330 EST, I switched back to mining Max in the morning. Leave for work and 20 mins later it's back up. Damn. I really gotta get my VNC servers port forwarded so I can address them outside of my network... |
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Thanks for that. I am now getting 3.4-3.5MH/s on a 6990, yet to try tweaking for the new version. I'm seeing some gains as well, but for some reason sgminer won't take the same commands in the .bat file that the previous version (linked in the first post of this thread) did. I've never messed with sgminer before (only cgminer), but the previous version took all of my old cgminer commands. It seems that this new version also does not display GPU temp info and will not let me use "--gpu-engine X" or "--gpu-memory Y" commands. |
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I'm really interested in getting into mining this coin, but I can't seem to find any good place to exchange it for BTC. C-cex volume is in the toilet. Is there another place to exchange? Or is this coming at some point so that mining now could potentially pay in BTC?
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So right now this is about the same profitability as Max? Is C-Cex the largest exchange? I don't see much volume there.
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If you help me cpu mine and it works I will donate to you!
contact me on PM, I'll answer any question. which OS do you have? I've tried using your pool a few times, but I'm wondering about the reporting page. Does "found by another pool" mean an orphaned block? I'm seeing my round contribution percentage on those blocks and I'm wondering why it's showing that if it's found by another pool. Also, I mined on your pool for over an hour and it showed 1.6 MAX for my 6.5GH/s the entire time. I ended up leaving since this is either extremely unlucky or something wrong. It's a shame - I really wanted to use your pool instead of 1gh since my rejects are so much lower with you guys, and your fee is lower too. Just didn't understand why it was taking forever get payouts. I would have netted over 4 MAX on 1gh in that same time. |
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