[4 PH/S+] BCMonster.com Mining Pool / [PPLNS Payout][Pays TxFee]

[ohmygod21]

2800 hours for the hit , so you need to be very lucky to hit < 24 hours

Good luck

[krisgt30]

2800 hours for the hit , so you need to be very lucky to hit < 24 hours

Good luck

Once again, the second person to make a statement like that in this thread. I stated that as an incentive to get more people mining here.....

[ohmygod21]

i understand man but you need to bring  maybe hummm > 20 PH to attract people . other way this is lottery

[krisgt30]

i understand man but you need to bring  maybe hummm > 20 PH to attract people . other way this is lottery

If you really believe that, keep making .0001 per block in those pools.

[leowonderful]

i understand man but you need to bring  maybe hummm > 20 PH to attract people . other way this is lottery

If you really believe that, keep making .0001 per block in those pools.

If you believe, anything can and will happen 10 Block Erupters up on this thing, lets go!

[krisgt30]

Not quite what I mean, what I mean is someone with an S7 as a home mining rig would see much much more per block here vs a 20PH+ pool, just look back a couple of pages, you guys are just reiterating other people's comments.




Most importantly, just paid on the first block, so we don't have a ghost pool owner here! Thanks again Laviathon for your work putting together this pool!

[Laviathon]

i understand man but you need to bring  maybe hummm > 20 PH to attract people . other way this is lottery

I do not think you need 20PH to attract people.   However you have to start some where. I would like to get to a point that we are at 1PH with no rentals at least.

[jonnybravo0311]

It's statistics.  You are correct that you'd see more per block here than on other pools.  However, you would see far fewer blocks here than on the other pools.  A pool with 20 PH/s expects to find 2.7916 blocks a day at current difficulty.  A pool with 1 PH/s expects to find a block every 7.1633 days. (these numbers are rounded off)

Let's say you have 100 TH/s of gear.  On pool 1, you represent 0.5% of the pool's total hashing power.  All things being equal, you would expect to make 0.125BTC per block.  On pool 2, you represent 10% of the pool's total hashing power.  You would expect to make 2.5BTC per block.

Pool 1 would solve 20 blocks for every 1 block solved by pool 2.

So, what does that mean?  Yup... you make more per block on the smaller pool; however, by the time you've found that block you've made the same amount of coin on the larger pool.

Now, when you factor in the nature of mining (luck swings, difficulty changes, orphans, etc) you are far more likely to be impacted on the smaller pool than on the larger one.

[krisgt30]

I dont disagree with you whatsoever, however there is that element of randomness in blockfinding that makes the statistics mean a lot less. That being said, I hope your pool and BCmonster see a lot of luck and gain a ton of new members.

[Laviathon]

I dont disagree with you whatsoever, however there is that element of randomness in blockfinding that makes the statistics mean a lot less. That being said, I hope your pool and BCmonster see a lot of luck and gain a ton of new members.

Putting a 12+ 1 PH rental online now. 

[krisgt30]

Awesome, and thanks for the blockfinding bonus!!!!!

[jonnybravo0311]

I dont disagree with you whatsoever, however there is that element of randomness in blockfinding that makes the statistics mean a lot less. That being said, I hope your pool and BCmonster see a lot of luck and gain a ton of new members.

It's all random since mining is really nothing more than brute force attempts to find a hash that satisfies the requirements.  The poisson distribution model describes the expectations, which is what we all use to calculate things like expected earnings, time to find a block, etc.  However, as you saw with this pool's first block, and my pool's blocks, the models may indeed describe expected values, but the reality can be quite different.

The more hash rate a pool has, the closer to the model things become.  This is variance.

Believe me, I'd love to see our smaller pools become successful and attract more miners.  The more we have, the less the big, bad-for-bitcoin pools have.  I'm enormously happy for kano's pool.  The growth he's had is remarkable.  It would be very nice to see similar growth on my pool, here on this pool, on mmpool, bitminter, etc.

[messypete]

I have just checked my wallet and am happy to say - Payment received - Thank you.  

Now I'm back home I'll add some more hash to help things on a little.

Here's to the next block.

Mario.

[Laviathon]

Price went up.  My PH/s. Rental will be back when it drops.

[krisgt30]

Price went up.  My PH/s. Rental will be back when it drops.

How long is this second rental going for? I may throw another in to help when yours is up.

[Laviathon]

It should be running lower last couple of hours.  Price is up right now.  Thats why it is slowing.

[Laviathon]

I'm going to go ahead and put out a 2BTC bonus for the first block  from now till feb 14th at midnight Est! 

[krisgt30]

Good thing I just threw my bonus towards another rental for us. The pool should be at 2ph shortly.

[Laviathon]

Good thing I just threw my bonus towards another rental for us. The pool should be at 2ph shortly.

That would be amazing if you were to find our second block also!

[krisgt30]

Still a couple of hours left on the rental, looks like got bumped down due to price increase.