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Author Topic: bitcoins.lc  (Read 1605 times)
muyoso
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June 12, 2011, 04:18:47 AM
 #1

Does this pool ever actually solve a block?  Its been 5 hours and 44 minutes and still haven't received a single bit cent.  Trying out this pool because deepbit is buggy and continually disconnects and causes my miners to stop until I manually restart them.  Bitcoins.lc gives a little estimated BTC/24hr figure, and its about .15 BTC higher than what I could pull on deepbit.net during 24 hours.  Also there are no fees.  Hope the payout is massive because at this rate they are only going to solve 4 blocks a day.

I drink it up!
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HarryStamperOil
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June 12, 2011, 04:21:24 AM
 #2

The pool still looks a little small. Give it some time.
jondecker76
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June 12, 2011, 04:22:52 AM
 #3

i've seen times where even deepbit goes hours before solving a block,  variance is normal

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muyoso
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June 12, 2011, 04:24:46 AM
 #4

No, I knew it would be much longer than deepbit was.  Its just that this seems exceptionally long and I am trying to determine whether I should leave my computers mining overnight for this site or switch back to deepbit.  Just venting a little frustration.

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Oldminer
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June 12, 2011, 04:29:48 AM
 #5

Yes. If you click on their 'statistics' link you will see they have solved 25 blocks since the site kicked off a week ago. The other thing to be aware of is its not like a larger pool (eg Slush's) where payouts are more regular. Bitcoin.lc is a relatively new site with fewer miners, so blocks take longer to solve on average, HOWEVER, as there are fewer miners, once a block is solved, those in the pool gets a larger slice of the 50 coins than they would with a larger pool.

As an example, on Slush's site I would average say +0.01144157 per block solved that could take anywhere from a few mins to a couple of hours or more. On Bitcoin.lc I average +0.15441573 per block. Essentially it doesnt matter whether you mine with 1 other person in a pool or 10,000 - the rewards are the same over time but Bitcoin.lc has the added advantage of 0% fees Smiley

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muyoso
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June 12, 2011, 04:31:58 AM
 #6

Yes. If you click on their 'statistics' link you will see they have solved 25 blocks since the site kicked off a week ago. The other thing to be aware of is its not like a larger pool (eg Slush's) where payouts are more regular. Bitcoin.lc is a relatively new site with fewer miners, so blocks take longer to solve on average, HOWEVER, as there are fewer miners, once a block is solved, those in the pool gets a larger slice of the 50 coins than they would with a larger pool.

As an example, on Slush's site I would average say +0.01144157 per block solved that could take anywhere from a few mins to a couple of hours or more. On Bitcoin.lc I average +0.15441573 per block. Essentially it doesnt matter whether you mine with 1 other person in a pool or 10,000 - the rewards are the same over time but Bitcoin.lc has the added advantage of 0% fees Smiley


You mine me asking what your hash rate is so that I can compare?

I drink it up!
unbuttered_toast
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June 12, 2011, 05:38:21 AM
 #7

If you're going to mine for a longish period, it'll average out, and you'll be ahead to use bitcoins.lc, because of their lack of fees.
muyoso
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June 12, 2011, 05:41:23 AM
 #8

Thats what I keep hearing, but damn over 7 hours and still haven't solved a block?  Just frustrating. 

I drink it up!
fcmatt
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June 12, 2011, 05:44:27 AM
 #9

Thats what I keep hearing, but damn over 7 hours and still haven't solved a block?  Just frustrating. 

at btcguild waiting more then two hours is painful... but then if you look at the stats you will see some
valid blocks in mere minutes. have some patience because in the end we will both probably make the same
amount of coins if fees are the same.
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June 12, 2011, 05:45:26 AM
 #10

Between 311 - 340 Mhash/s depending on how I'm using the PC.

These are my recent transactions -

Received Block 0
Based upon 887 valid shares. +0.08407057
Received Block 0
Based upon 2568 valid shares. +0.13433337
Received Block 0
Based upon 166 valid shares. +0.15441573
Received Block 0
Based upon 571 valid shares. +0.11626250
Received Block 0
Based upon 47 valid shares. +0.00563201
Received Block 0
Based upon 1915 valid shares. +0.09878670
Received Block 0
Based upon 1046 valid shares. +0.18187192
Received Block 0
Based upon 1384 valid shares. +0.17973046
Received Block 0
Based upon 1654 valid shares. +0.18506128

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muyoso
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June 12, 2011, 05:47:01 AM
 #11

Awesome, that gives me a lot of confidence actually.  Thanks a lot.

I drink it up!
fcmatt
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June 12, 2011, 05:48:35 AM
 #12

Between 311 - 340 Mhash/s depending on how I'm using the PC.

These are my recent transactions -

Received Block 0
Based upon 887 valid shares. +0.08407057
Received Block 0
Based upon 2568 valid shares. +0.13433337
Received Block 0
Based upon 166 valid shares. +0.15441573
Received Block 0
Based upon 571 valid shares. +0.11626250
Received Block 0
Based upon 47 valid shares. +0.00563201
Received Block 0
Based upon 1915 valid shares. +0.09878670
Received Block 0
Based upon 1046 valid shares. +0.18187192
Received Block 0
Based upon 1384 valid shares. +0.17973046
Received Block 0
Based upon 1654 valid shares. +0.18506128

very hefty payouts. at btcguild you would get a lot more payouts but they would only be .015 or so. thus it would take
several hours to get a  .15 bitcoin. for example.... to people who are curious.
klaus
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June 12, 2011, 05:48:49 AM
 #13

oh thanks for that

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Oldminer
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June 12, 2011, 05:52:39 AM
 #14

They do also have an IRC client on their site and there always seems to be someone there to help with any questions you may have https://www.bitcoins.lc/chat

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BombaUcigasa
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June 12, 2011, 07:58:57 AM
 #15

Thats what I keep hearing, but damn over 7 hours and still haven't solved a block?  Just frustrating. 
I joined early, it took at one time more than a day to find a block. The next one was found in just 8 hours, so they evened out.
Oldminer
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June 12, 2011, 08:24:38 AM
 #16

Not sure what happened but I checked my stats just now and heres my payouts (check the times)..

Received Block 0 - Sunday 12 Jun 08:00:29 UTC
Based upon 65 valid shares. +0.10310914
Received Block 0 - Sunday 12 Jun 08:00:01 UTC
Based upon 883 valid shares. +0.10198802
Received Block 0 - Sunday 12 Jun 07:58:41 UTC
Based upon 458 valid shares. +0.10828140
Received Block 0 - Sunday 12 Jun 07:56:27 UTC
Based upon 483 valid shares. +0.08672887
Received Block 0 - Sunday 12 Jun 07:50:51 UTC
Based upon 910 valid shares. +0.09296016

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muyoso
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June 12, 2011, 02:22:52 PM
 #17

My payouts have been MASSIVE.  IDK what is going on, but I am making over 2x what I did at deepbit.  

Received Block 0 - Sunday 12 Jun 08:26:45 EDT
Based upon 1558 valid shares. +0.21129779
Received Block 0 - Sunday 12 Jun 06:47:05 EDT
Based upon 285 valid shares. +0.19526165
Received Block 0 - Sunday 12 Jun 04:00:29 EDT
Based upon 139 valid shares. +0.22049492
Received Block 0 - Sunday 12 Jun 04:00:01 EDT
Based upon 1938 valid shares. +0.22384233
Received Block 0 - Sunday 12 Jun 03:58:40 EDT
Based upon 970 valid shares. +0.22932960
Received Block 0 - Sunday 12 Jun 03:56:26 EDT
Based upon 218 valid shares. +0.03914471

Was making about a bitcoin a day at deepbit.  Over the last 12 hours I have made 1.3 bitcoins at bitcoins.lc.  I know it probably comes down mostly to luck, but damn thats some lucky mining.

I drink it up!
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