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I see pool speed is up over 3500 Mhash/s ... Just curious at what point it is worthwhile to put LTC back in the mix?
Speaking for myself, I'm here for the long-haul.. I wouldn't mind some variance if it increases profits in the long run...
Regards,
Sigg
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FRY & KDC
So looking at the PPLNS stats, I can see that I'm submitting shares on both FRY and KDC (I'm 100% auto switch) I can also see that we are finding blocks. However I don't see on the dashboard where they are listed as having any balances in either of those.
Just curious if this is just a reporting thing? or is there a bug someplace...
Edit: To be more specific: I'm seeing the shares submitted and blocks found when I hover over the details buttons on the PPLNS Shares overview. However If I switch to PPLNS Coins earned neither FRY nor KDC are listed. They are not listed on the dashboard balances either. Just to confirm, you are seeing FRY and KDC shares listed when you hover over the 'Your Shares' details, not just the 'Pool Shares' details? Otherwise, it may be that you didn't find any shares yourself. DOH !!! Faulty keyboard driver error.. thanks for pointing out the obvious. Was doing exactly that.. looking at the wrong column. Sigg |
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FRY & KDC
So looking at the PPLNS stats, I can see that I'm submitting shares on both FRY and KDC (I'm 100% auto switch) I can also see that we are finding blocks. However I don't see on the dashboard where they are listed as having any balances in either of those.
Just curious if this is just a reporting thing? or is there a bug someplace...
Edit: To be more specific: I'm seeing the shares submitted and blocks found when I hover over the details buttons on the PPLNS Shares overview. However If I switch to PPLNS Coins earned neither FRY nor KDC are listed. They are not listed on the dashboard balances either.
thanks,
Sigg
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Wow, had it set to 20? What GPU? Anything above 13 on my 280s causes errors and a decrease on hash rate.
Also, I'm pretty sure market depth is included, based on what I've seen Op say elsewhere.
M
in windows: setx GPU_MAX_ALLOC_PERCENT 100 I forget what it is in linux, but something similar... if you don't do that, anything above 12 or 13 gives massive hardware errors on my 7950's.. with the above, yer good all the way up to 20 (well, except for the stales thing) (I believe 280's are just rebranded 79xx.. so it would probably be the same for them.) Sigg |
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OK, being an old btcguild user, I was quite happy when I saw this... just pointed my miners your way... The first thing I noticed..I'm getting almost 10% stales... is this to be expected? Over on wafflepool I was getting under 2 percent...
-<snip>-
Edit: I just checked ping times and I'm averaging about 47ms. So I don't think network is a significant factor in the stales... Also getting about the same rate on both my linux and Win7 boxes.
If you run your miners on a very high intensity, you can see very large amounts of stales, especially when the pool is pointed towards coins that a lot of multipools are on, or very low diff coins. Wafflepool lately has been on Auroracoin a lot lately, which has 10 minute block times. ScryptGuild on the other hand is bouncing between much lower difficulty coins because Auroracoin is simply too high difficulty to bother with at current pool speed (people would bitch about 6 hours without any blocks). ScryptGuild's profit algorithm already takes stale rates from low difficulty coins into account when evaluating which coin to move to. However, 10% is *WAY* above normal. If you don't run at high intensity, the stale rates are ~1% on my 90-100ms ping (with spikes due to being on wireless). Intensity will cause stales because it means your GPUs are running larger batches of work before allowing an interrupt for a new block notification. Thanks for the response. I didn't have a lot of time to tweak this morning before I had to leave for work... BUT, dropping intensity from 20 to 18 on one of my boxes got me down to around 1.5% .. Going to have to find the sweet spot. Looks like I have a busy night ahead of me ... A question.. you mentioned High intensity means larger batches... would the "worksize" parameter affect this as well? A second question.. does the profit algorithm take into account market depth? I.E. if a coin has a very high value bid, but very anemic market depth, it still may not be worthwhile cuz we can't sell all the mined coins for a decent price... thanks again  Sigg |
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OK, being an old btcguild user, I was quite happy when I saw this... just pointed my miners your way... The first thing I noticed..I'm getting almost 10% stales... is this to be expected? Over on wafflepool I was getting under 2 percent...
Going to stick with it for a couple days to see how it is profit-wise even with the stales... just wondering if everyone else is seeing the same?
Thanks,
Sigg.
Edit: I just checked ping times and I'm averaging about 47ms. So I don't think network is a significant factor in the stales... Also getting about the same rate on both my linux and Win7 boxes.
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As a point of comparison,
Does anyone know what the BTC/Mhash rate is if one were to mine only LTC and immediately convert?
thanks again,
Sigg
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ok.. so I have a question about the minimum 512 difficulty on stratum...
How does that affect things when we are mining a coin with below 512 difficulty? For example, lets say we are mining Xcoin with a current difficulty of 400. I find a hash with difficulty 450, but it doesn't get sent cuz stratum is only sending 512+. Does that mean the pool just missed out on finding a block?
I'm hoping this is just a case of Difficulty does not exactly correlate to difficulty..
Hoping someone can enlighten me..
thanks,
Sigg
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Not really, you have $100, they give you $200 more, so you play with 300$, when you open/close position they charge you 5% on 300$. To lose all your money you need bitcoin to go down by 33%... I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane. Right, Btc-e is taking Huge risk , they are GAMBLING with Customers USD deposits by allowing 1:3 leverage. If those are indeed forced liquidations, btc-e suffered millions in loss. So question... being the exchange, knowing their order book, and controlling the trades: Wouldn't they front run all other market orders to get their force-liquidation trades in as close as possible to the 33%? Even if bitcoin crashes 80% it isn't a binary "was here, now there" process.. there were many standing orders in between that would have gotten processed... Seems to me it would be very easy for them to limit/mitigate their risk. Heck, knowing their market orders, they could even front run and force liquidate before the 33% and actually come out ahead. |
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you want some lol check out ppcoin.
i had 320,000 that i sold recently. wtf are people thinking? i made like $2,000,000 more or less on accident. this sort of thing makes me worried. no fucking way that should happen. that alt is not worth much at all, its why i got so much of it in the first palce.
Never before have I ever seen anyone say that..... 2MM on accident.... the mind boggles.... Sigg |
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mansion, yacht, hookers, blow....  Umm.. in all seriousness, I won't be doing anything beyond telling a couple friends "you really should have listened to me..." ... OK... so I'll probably be looking for new friends.... Sigg |
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So yesterday was the US Thanksgiving day holiday... spent it with the extended family.. and as always table conversation tended towards politics and money...
well, I'll skip the politics part...
My mom already knows I have these weird computers in my basement that do something with bitcoins... so that brought the conversation around when she asked me about how that was going...
Long story short... my brother-in-law is one of these "gotta have the latest tech/gadget" junkies and he had never before heard of bitcoin. If HE hasn't heard of them yet, then there is no way we have even begun penetration into the general population...
Anyone else have any interesting turkey-day anecdotes?
Sigg
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Due to the rise in value, I think a lot of us are going to have to start thinking about the above as we exit the accumulation phase of our BTC investments... THIS. As early adopters some of us saw this potential a long time ago and should start thinking about this scenarios. Please check out Risto's "SSS" plan: https://bitcointalk.org/index.php?topic=345065.0With this method you are continuously divesting of your bitcoins according to a discplined price-based schedule. If bitcoin ever becomes a dominant world currency, you do extremely well; if bitcoin flops after hitting $12k, you do pretty well too. The best part is: once you pick the "rake %" that best fits your risk tolerance, you no longer have to worry about timing the market. Have read the thread and even posted on it... My current plan follows a slightly modified formula, but is very in line with the base concept. For anyone who hasn't read it... please do. It is definitely worth the time. |
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I really like the 10% rake on every doubling... I'm basically using that with a slight modification...
As doubles tend to be far and few between, I'm using a 1% rake on each 10% increase... Over the past couple days this has resulted in a bit of excess, however long term it seems to be working out fairly well....
Siggy
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3) 15 million USD in BTC ... Mansion, Yacht, Strippers, Blow ... umm..yeah... that would qualify as life altering.
umm... "very wealthy"
I call that an immature attitude towards wealth and exactly the kind of mindset that will lose you all your money very quickly. Just look at various rappers and athletes. 15 mill isn't that much really if you're planning on living on it for the rest of your life (depending on how old you are.) Yeah.. I know.. wrote that one kind of tounge-in-cheek since the whole strippers & blow thing has been a running theme in these forums for quite awhile... in all seriousness.. 15MM would be something along the lines of: Upgrade to a nice house, decent bit of world travel, and a very generous inheritance to my heirs. Do have to admit though.. it would be quite life altering for the 9 months it lasted till you were either broke again or in jail  |
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The reason why no one would really reach any "life altering" levels? most people are scared when amount of money they have in bitcoin reaches a level they feel uncomfortable keeping. So, if you ever saw say 10k in usd, you will not hold 100k in bitcoins - you'd be long out of it by that time.
It takes one to really believe in bitcoin project to store more than 90% of your total wealth in coins and sleep well. And the true believers might be rewarded, but that would be a side effect. If you are just greedy, you are cashed out in the pennies.
Exactly why one should think about these things before they become a reality.. need to take the emotions, including greed, out of the equation... |
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Ok... so the general consensus around here is basically: Don't sell till it will be life altering...
I've been pondering this... just what would I consider "life altering" ... and for the life of me, I can't nail it down to a single point.... the best I can come up with is a couple different, non-exclusive life altering points:
1) sell enough BTC to pay off the mortgage and all debts. At this point, I can tell my boss to shove it, and still maintain my lifestyle on just about any other job... Walmart greeter comes to mind... Just the psychological value of "debt free" and "I don't need THIS job" would be, in my opinion, life altering.
I'd call this "comfortable"
2) 2.5 million USD in BTC.... This is definitely life altering, as at this point, I don't need _ANY_ job. I can retire, maintain my lifestyle, and even take a couple vacations per year. And as the above, the psych value of knowing you'll never have to say "yes sir" to a boss ever again... very life altering.
I'd call this one "moderately wealthy"
3) 15 million USD in BTC ... Mansion, Yacht, Strippers, Blow ... umm..yeah... that would qualify as life altering.
umm... "very wealthy"
4) 50 million + ... Money really looses its meaning at this point.. I can't grok what my life would be like at this level...
"Ultra wealthy / Elite"
Note, if done right, one could cash out a portion at each level. So as stated above, none of these are mutually exclusive..... (of course at 4, and possibly even 3, "cash out" is meaningless as anything you want will be priced in BTC anyways...
Due to the rise in value, I think a lot of us are going to have to start thinking about the above as we exit the accumulation phase of our BTC investments...
Just wondering what everyone else thinks would be a worthwhile "life altering" level to start cashing out?
Regards,
Sigg
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Why not just mill or mills? Context would make it obvious that we mean mBTC.
I'll second the mils ... this also sets the precedent for when we need to switch to mics. |
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Coinbase is the about the best to send BTC to sell and about the worse to buy BTC from.
I've not had much experience with buying, but selling has been smooth. Sell coin, 7 days later the money shows up in your checking account. If you can deal with the 7 day lag, this is pretty much the most painless method for selling btc. Sigg |
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-snip-
I would recommend running your GPUs and Block Erupter all through a local Stratum proxy. This will cut the bandwidth down significantly, and it *may* adjust you to difficulty 2 if your mining speed reaches the point where you pass a shares-per-minute threshold.
umm.. silly question.. but where is the link to download the stratum proxy? I've been all over the btguild website and can't find it. I would think the logical place would be under "support" in the "mining software Download links" section... but I'm not seeing it.. Sigg |
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