All of my hash dropped again, but has started climbing now.
Is it my side or did the pool go kerplunk again?

I am configuring things which shouldn't matter but want to be sure.
TY in advance

I was playing with one and thought I'd done the whole lot somehow haha
Ignore the PM Kano

I have one and am definitely with you. I have been sidetracked with another project and have not gotten back to this one, but luckily I found a 2nd adapter this past weekend with the right voltage and amperage just the wrong connector, but at least now I have an easier, cleaner solution.

Thanks for the reply, it never hurts to mention these things.

I hope my questions have been specific, and sorry in advance for the wall of text. If you are going to respond negatively please do so via PM so we may have a mature discussion.

We go through good days and bad days, but not "luck" to me anymore.
I have never been concerned over Friday the 13th, black cats, or other such things, but there was always something about winning a game of chance enough then expecting a loss, or losing enough and expecting a win.
Through many posts on this forum, and specifically reading this entire thread when I first joined I throw it all out the window.
As I was taught here, luck can be something in the past, but I never expect luck to have any impact on anything. It simply is not real, it is more akin to Santa Claus or the monsters in your closet.
Math is real, calculated probability, but not a dependence of blind luck.

I suppose there is not a better term to describe a 40 hour block or a 4.5 minute one though is there? To keep things simple we call it lucky or unlucky, but isn't it truly random?

What can a new miner do to increase the odds they are successful?
Successful at what? We must be specific. If we ask to be successful at solo mining and winning the block reward we get few answers.
Successful at completing the assigned work from the pool and running an efficient piece of mining hardware is probably a better question, but still general. There are hardware and software points to address.

Someone bringing enough hash to the pool to put it at 4PH but not over 8PH has been said to raise the probability of more immediate rewards, but the way it has been explained to me countless times is it averages out regardless. Lower hashrate = less people to share the rewards with, right?

Is that right? I am getting to my question.
I understand there are probabilities involved but I never claim to be a great mathematician. I think there must be a high and low end of the rewards being "averaged" if a set amount of time is included, otherwise everyone would solo mine? Not everyone, there are people who must have the large pool for the lowest variance to pay there bills, but otherwise if it all averaged out why wouldn't more people solo mine with all of their gear? So maybe it averages out over 60 years, but drop that to 6 years, or 12 months. If no one can predict what will happen in those 12 months, yet we all say "it all averages out", what time variable is that based on?

I am confident there are people here who have not only been mining longer, but that have a much better understanding of the entire process and their length of mining time or writing code has shown them these things do average over time.

I am looking for something to help me understand these things and correct any misconceptions I may have. If there is a resource somewhere else, or a thread here on this forum I have been unable to find it. The best I have found have been discussions on one pool versus another, but there are too many variables outside pure probability and time, EG the pool operator being transparent, types of payment methods (some impossible to maintain), the things most of us have no control over. I'm not saying we control probability or time, but I hope to understand those things more without the noise of the other.

There are very few answers for me outside of the standard "set it and forget it!" which may be the best thing for any miner, but I do not want to forget it, I want to understand each piece of the puzzle. Not in attempts to mine more coin, but to understand how it works and have dialog which could help more new miners understand luck has nothing and everything to do with rewards and here is why. Rewards average out over X amount of time and here is why, and maybe even further to "people with 1PH or more may switch pools to chase a contest for 1 or 2 BTC at another pool for what reasons? Is that truly worth it? Many of the 1 PH miners I see switching are renting their hash out. Depending on the amounts they rent for, they may be making it very much worth it, but, It would seem from everything I have learned so far switching back and forth could cause them much lower rewards from this or any other pool, but does it really? Renting rates are another variable I understand, so throw it out the window as well for what I am after.

Is there an amount of mining power / hashrate where the variance is minimized over X amount of time? And further is there an amount if hashrate you may own where adding 1TH to that amount is likely to garner more reward than 1 person connecting 1 TH, say miner A has 1PH, adds 1 TH and we only count the reward for that single TH they added, versus Miner B simply connecting with 1 TH. If only counting the 1 TH over the 1 PH from miner A against the 1 TH from miner B they should receive equal rewards.
In this scenario I am not including the fact that both A and B are paying for some of the same infrastructure or other variables such as that, but strictly about probability, and where applicable time.

When I am told "it all averages out", what time variable is used in that statement, or what are all of the variables used to form that conclusion? I am mainly focused on time, but anyone feel free to carry it as far and include whatever you wish. I hope to keep it more simply because I have learned about most? variables, I think I have anyway. Time is the one I am trying to understand now.

I hope this post shows only my wish to learn more, and help teach others. I want to help eradicate common misconceptions in my own train of thought, and many of which are human nature. By doing so hope to help others joining our community. I want people to buy Bitcoin, I do not recommend new people to jump at mining, but if someone asks me about luck and probability I want to be able to provide better explanations than I do at the moment, along with "it averages out", and "set it and forget it". While both true there are many people turned off by such short responses, and people like me who generally wish to understand "how it works".

People started renting a pile of sha256 from westhash tonight for some reason...

Thank you for the reply sidehack, much appreciated. I'll get off my butt and hit Radio Shack and if they don't have it then I know the electrical shop at work will. I don't like going up there much anymore. We used to have all Ladies wiring our boxes, and that team did great work.

 I thought about it and I'll never sell these, so I may as well make it nice so I never have to worry about the power adapter again.
It is also much more fun than ordering something and waiting a week.

I appreciate the feedback.

I looked at my choices:

I can purchase one. Cheapest I found was that link to the one on amazon, with shipping it looks like 15 bucks and a week wait.
I can pickup an N type connector from radio shack and solder it on, but I still have to come up with a power supply to use. I looked through all of my adapters and none are the same voltage and amperage. In the end it looks like I will still need to purchase a couple. I can solder a wire to the bottom of the board where the factory connector is soldered in, and then I could use a couple of power adapters I have, cut the ends off, put a resistor in line, but it doesn't sound like that is going to end up very clean.

It probably sounds like I am being a cheap-ass and should just order the things, but I had a set budget for a switch for this project, and I would like to keep in it. I thought I was buying two switches for what I budgeted for one. Jokes on me haha

I would rather have a proper adapter which fits it, and I so stupidly bought two of these, so need two adapters. I think the switches will be great, and I guess I got what I paid for. Thanks for any ideas.


http://imgur.com/f1qAtko
http://imgur.com/i2S770H

So I picked up a couple of Procurve Gigabit switches and thought I received a great deal.
There were not any power supplies included, just the little wal warts.

From the HP manual it shows part number 5188-5671 for the US.
Then I found:
http://www.amazon.com/UpBright%C2%AE-Adapter-5188-5671-MT12-4120100-A1-JetDirect/dp/B00DN8JQ2O
At Amazon.
But I am not convinced this is the right thing, and I have probably spent way more money using my time all evening at radio shack and wal mart. I could have bought a new switch by this point, but live and learn.

I considered splicing the right connector on the end of a wal wart I have which is the right voltage and amp draw, but cant seem to nail down what end I need. I tried a billion of these things trying to get them to fit at radio shack and never found one which fit correctly.

Can someone tell me if they happen to have one or a few they want to sell or point me int he right direction?

From the manual it states:
DC voltage: 12-13 volts
Maximum current: 1.0-0.8 A

But cook me for dinner, cover me with A1 I cannot find the little end which goes on it. Maybe I should be trying digikey, but I'm not sure what the barrel connector on the end is called.

I must be more careful on my ebay order, very small letters at the bottom "-no power supply included", of course I bought two haha

Sent PM

I think this new forum is more of the same.

If you were to even attempt to have a decent conversation debating the validity of XPY as a cryptocurrency it will be moved to the FUD forum and you go on their own version of a watch list.

The FUD section gives them a way to track the people that want to keep tabs on.

Of course Homero will say one of two things. Either he claims complete involvement and takes credit for someone else work, or he will use this as a way to show "others" made the decision to remove the Hashtalk information so he doesn't have to take the fall for that as well as the other million scams he has pulled on HT users.

In my opinion the people who were still left at Hashtalk lately are not innocent victims. They have been shown real proof, but choose to ignore it in an attempt to line their pockets with other n00bs money.

I was an XPY holder, never sold a coin. I was at GAW starting last October. By the time I fully realized I was an idiot I had several thousand USD involved. I believed Josh was going to "make it up" in some way up until January because I had seen him give people stakers or hashlets for their failed delivery on products. He made awesome deals for them, or so it seemed at the time. He really gave them nothing but words on the screen. I chalk my losses up to a learning experience. That was my first experience with crypto.

I am very happy I found a real crypto community where it is OK to question anyone about anything, and having an opinion which slightly differs from the mods or Josh does not get you banned.
I was banned for simply telling Josh he should come out and admit everything, then apologize like a real man with any moral compass would. I did not curse, I was not spamming or inflammatory, I simply had a different opinion, and man, I was turned on fast.

To me, they went about the banning thing, and in general silencing your critics shows a lack of confidence. I understand banning for spamming, cursing someone out or hate speech on a forum where they openly state it is a violation of the TOS or terms of use, but if you allowed open debate, and you are right the thread only helps support you. They knew the people who calmly asked questions and discussed them were right, and they banned out of fear.

I wonder how many assets and company information, officers, etc has Homo homero removed his name from...
I think he is doing everything possible to hide, remove, move, and setting up fall-guys left and right. In court, he will claim he was hacked whenever it is proven his name was on an e-mail or post, and for the other actions which are occurring he will claim no involvement, it was being handled by someone else.

Homero is not a smart man. He had help from people who are smart and Homero handled the side deals taking advantage of everyone along the way. It is so clear this has been and continues to be a huge scam and ripoff. I wonder if his wife bitches him out constantly because you can bet she knows what a pos he is. Money makes many people wear blinders, but it doesn't change the fact if you continue to help propagate this scam by spending, trading, or generally supporting XPY you should be in trouble as well.

I no longer feel sorry for people who have this much proof at their disposal. I believe more than not may be guilty on a smaller scale, but are guilty of fraud nonetheless.

 

Phillip / suchmoon:
Have you been running different threads like this for some time?
Do you plan to continue?
This is fantastic and since the cutoff was March 1, I hope I may be involved in the next one.

I think this type of common sense information is exciting to understand, and speculation threads are teaching me what I consider to be data points and truly appreciate the information from what I also consider some of the more valued community members.

Please let me extend my compliments to all of the people who share the wisdom gleaned from their experiences and sharp minds. I appreciate what experience, attitude, and aptitude you all bring to the table.

I sincerely look forward to participating!

Please do not consider me easily amused, but certain topics have always seized my attention in a way my ex-wives called unhealthy, but they are ex-wives so who cares

I perceived it as asking how much each person who would answer makes, and I do not think any serious miner will tell you such.

Many of us home miners are hobbyists and do not expect profit.
Although it would be nice.

There is one profitable model for home miner:
Buy bulk hardware, mine with said hardware for x amount of time, and then sell the hardware for same or more than you paid.

It is happening with the S5 and SP20 right now. People are paying full retail or more.

I respectfully disagree about cloudmining being a viable option for most people.
If cloudmining is the only option, IE you cannot run a miner at home, do not spend your time learning how to profit from it, but learn to trade or simply hold the coin.
The time it takes to learn is ridiculous -  how to choose the correct cloudmining company, contracts, and the payout structure is built for you to make small profits if profitable for anyone except the service being offered.
Use that same time and learn to trade correctly, or as I said simply purchase the coin the correct ways and hold them.

Having the hardware in your hands or holding the coin are my personal choices.

I have experienced various cloud mining offers, they are almost all the same. You lose or make pennies, they win and make the real money.

If you are already an experienced hardware miner then scan the forum everyday and find your deal, but All OF the current offers are way overpriced. Only a bulk purchase paying 360 or less per used SP20 makes sense.

In the first line I said most people because there are ways to be profitable with some cloudmining, but you have to align several data points which are rare to find in a real company.

I know SPtech and Bitmain are making partnerships worldwide to highly invest in cloudmining partnerships. Until I see SPtech launch their own cloud mining I am very closed minded about it. The only reason I would look hard at SPtech is because they have shown me what they will do for the customer, and are legitimate.
Bitmain is the polar opposite, and once they have your money, no longer care.

Agreed about the shipping sounding high. Try DHL also. My SP20s came via them and I used them for other international shipping.
Albeit never to portugal.

Good Luck on your deal to you both.

Because they think they will get more from Homero, stupidly so.
Anyone with half a brain knows why zen and paybase are done.
Homero is still chanting next week, next week, and they believe him.
True dumbasses left at this point.

@gemstone thank you very much for the fans.

We agreed I would receive the fans, and there are 18 in the box.

I have various uses for these fans as time goes by.

If you find the perfect fan in your searches please drop me a PM.

Thanks Again

If you read all of the documents you will see it was not only Josh.
Eric, Dan, even Joe and many more were involved and complacently assisting and even directing in some cases.

There are about to be a bunch of birdies singing though,and ol' Joshy-Jett will be the one in orange while the rest cut a deal.

OF Course he knew. He planned it and suckered most of his staff, but then, when the "most of his staff" knew it, they stayed with him because they were bagholders as well. Everyone thought Josh would pull it out, and he did, he pulled out and let go all over their faces standing behind bodyguards.

What about the ones who managed to bug them enough to get some miners in trade for their investment?

They managed to bug them enough to get some S3s, but were promised S4s.
Seems like the new HT crew would be pissed about that one alone.

Luke is managing the deals and passing the info, geesh ffs wake up.

Because all of the documents were faked?
Seriously, why are they holding on?
Any of them.

They are doomed, yet keep going.

Joe Mordica was even paying bills with his personal BTC, and a pile of it. Then had to beg to be reimbursed.

Josh is gone, and there are many of us who were screwed. People, get your shit together and move on, but at least keep others from being done the same way. Do you people who continue to perpetrate this blatant obvious scam have no soul?

Money is great, it is wonderful, but when you are sitting alone, thinking about it, no amount of money will cleanse you. You will despise yourself every time you spend a dollar unless you are like Josh, a sociopath, and I do not believe most are.

Accept the loss. You will be better for it. Learn from it.

I am contacting every news agency. I hate it for BTC, but these people must have something thrown their way to show them they cannot continue to perpetrate Josh's endeavors.

Dump whatever you have, or put it away and forget it, but do not patronize any website, business, or person who uses XPY aka paycoin. If you do, you support these lowlifes.