I was paid in full on Monday.
Me too. I was too, but this second payment has not been processed, and coinlab has been online yesterday, no notifications. Second payout? They only payout once a week... |
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I was paid in full on Monday.
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I am still kind of curious what kind of HPC work it will be (scientific, economic modeling etc) and what the typical payout will be for a "1gh/s" equivilent of computing power for non-bitcoin work.
That said.. I am glad a company like this has come along to essentially provide supercomuter power on a decentralized basis.
Would also want to know abot this. Will it be better to do HPC work if i already have loyality points, or will it be better for me to swith to HPC ASAP ? The way I understand it is HPC will pay more than what we could earn mining bitcoins for the same amount of time. For the times when there is no HPC work todo we will mine bitcoins and this is where I see the loyalty points coming into play. That would be nice, and I also hope this is true of ATi GPU's =P Me too, I have 7 ATI GPUs ready and waiting. I dont want to replace them with Nvidia if I can help it. |
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I am still kind of curious what kind of HPC work it will be (scientific, economic modeling etc) and what the typical payout will be for a "1gh/s" equivilent of computing power for non-bitcoin work.
That said.. I am glad a company like this has come along to essentially provide supercomuter power on a decentralized basis.
Would also want to know abot this. Will it be better to do HPC work if i already have loyality points, or will it be better for me to swith to HPC ASAP ? The way I understand it is HPC will pay more than what we could earn mining bitcoins for the same amount of time. For the times when there is no HPC work todo we will mine bitcoins and this is where I see the loyalty points coming into play. |
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Unfortunately a great deal of the crap comes from the BFL employees themselves. Case in point...there are no batches save the first batch.
And that they were to ship in October. Or wait, November. I mean December. Promise. |
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I dont have much problem with them stopping the loyalty points. Reward halving in just over a week away so all you would gain is an additional weeks worth of points, unless the price of BTC jumps up and makes up the difference.
I also assumed they would continue until the time we started using them, but this was just a bonus. Im here for the HPC work.
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Congrats to the winners. Sad that I wasn't one of them.  Well poo. Congrats to the winners! |
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so when do payouts occur?
Monday |
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Really? I'll look into the overclocks, thanks for the tip. Thats strange because the room it used to be in has 2 modminers and another rig with 4 gpus in it. The room was never cooler that 80F and now where it is at it stays around 70F.
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I moved one of my mining rigs to better heat the house and now it will lockup all the time. Before the move I never had a single issue with this rig but now it locks up a few times a day. The only change I made was I moved it from a mess of GPUs laying out of a half open case into a plastic milk crate. Nothing else changed.
Running bamt 0.5 from a USB drive.
3 5850s .
Any thoughts?
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I think Pool mining makes more sense the more hash power you have because you take out luck out of the equation. Example: if you have half of the hashing power of the network, you'll almost get half of the bitcoins generated if you mine using pools (minus the ones going to the "lucky solo miners"). If solo mining, and with a bad luck, you can get 0 bitcoins ... So, feeling lucky ... punk?  That makes absolutely no sense It does make sense. In a pool you are 'almost' guaranteed coins which is why people mine on them. With solo mining there is no guarantee, ever. its all luck. Granted, with half the network hashrate at your disposal your luck would be much better, but its still luck. Tell me by what method it is you (and bobitza) believe that Pools grant coins to people? Even a PPS pool relies on finding blocks to fund the coins which they disperse to their users. The more hashing power you have, the less sense it makes to mine on a pool, as the point of a pool is solely to reduce variance (by the very property of increasing proportional hash rate!), at the cost of fees and sharing the rewards for blocks found with others in the pool. As a miner on a PPS pool, I could careless if the pool EVER finds a block. The pool operator has stated they will give me X for every share submitted. if they never find a block then they better be buying coins to pay me. Is this likely to happen? No, but thats not the point. If you had the hypothetical 50% of the network hashing power, not only does mining on a pool grant whatever pool you are on > 51% power, which is bad, but unless the pool already contributes significant (another appreciable chunk of total network hashing) power on top of your own, you are essentially still mining solo except that you are paying pool fees, and distributing part of the reward that you are almost guaranteed to be finding, to others for no appreciable reason. This is very true and I had not thought about it that way. |
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Im not taking sides on this issue as I have no facts in either direction. But the way I look at it is most hardware is going to drop in value a large amount after 1-2 years and anything after 2 years it is pretty much worthless. I used to be an overclocking nut as well as a Folding@home nut. I have run a fair amount of hardware out of spec and at some pretty high temps with only a few failures. If I can get 2+ years out of it Im happy because after that time no one wants it anyway... Just my opinion.  |
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I think Pool mining makes more sense the more hash power you have because you take out luck out of the equation. Example: if you have half of the hashing power of the network, you'll almost get half of the bitcoins generated if you mine using pools (minus the ones going to the "lucky solo miners"). If solo mining, and with a bad luck, you can get 0 bitcoins ... So, feeling lucky ... punk? That makes absolutely no sense It does make sense. In a pool you are 'almost' guaranteed coins which is why people mine on them. With solo mining there is no guarantee, ever. its all luck. Granted, with half the network hashrate at your disposal your luck would be much better, but its still luck. |
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They all calculate it differently?
Ive seen this asked in the past and am pretty sure that is a correct answer.
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$0.09/kWh is ridiculous in my mind. Not sustainable at all. Higher prices coming your way sooner or later (even inflation-adjusted).
Why is it not sustainable. Wholesale rates (i.e. price paid by utilities to independent power producers) in the US tend to be about $0.05 per kWh. Throw in another $0.03 for transmission & distribution and a penny for taxes and profit. $0.09 is perfectly sustainable for large coal plants, nuclear plants, or hydro. What I meant was: "not sustainable in the long run" due to the underlying natural resources being limited in supply. Im also in Maryland and used to pay $.09 but it actually dropped the last 2 months to $.07. |
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I have been crunching a lot of numbers, and I am afraid something it wrong with my earnings at Coinlab.
When all of my miners are running, I have 66 GH/s pointed at Coinlab. I realize the hash-rate shown on the protected page is not 100% accurate, and some slippage in terms of reporting is to be expected. However, the shares submitted should be true, and when calculating the hash rate from those figured we should be very very close.
My problem is when I calculate these numbers, I am still being shorted by about 5,000 shares an hour in comparison to what calculate my farm should be submitting. I have gone through each of my miners, and the problem machines are the ones that are FPGA heavy. It seems that I show a certain hashing rate on my end, but then only get about 80% of that on your end.
Am I the only one seeing this? Does your pool have some idiosyncrasy that leads to FPGA's being less than optimal?
Is anyone else experiencing this issue?
Any help is appreciated!
I dont know the equations to do the math but i have 2 MMQs pointed at CoinLab fulltime. Here are my stats from CL... Date Worker Hours Hash rate Shares 2012-11-11 MMQ 81.77 1,615.2 110,705 2012-11-04 MMQ 149.77 1,580.6 198,422 2012-10-28 MMQ 151.80 1,605.5 204,268 2012-10-21 MMQ 129.03 1,530.3 165,503 |
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Sent an email to support, because my payment is still missing. I do have over 1 BTC earned.
I just got my payment, Im sure yours is on the way... Not unless he had 1 btc before the cutoff. Sat evening. I was assuming he did. But you are right...  |
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Sent an email to support, because my payment is still missing. I do have over 1 BTC earned.
I just got my payment, Im sure yours is on the way... |
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I can confirm 2.9.2 is slightly faster on my MMQs. U used to be about 11.1 or so and is now 11.5, not a major increase but I'll take it!
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So, how often are payouts delayed like this?
Not often. |
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