ckpool.org CLOSED

[philipma1957]

Would be nice  to hit it early.  I will run my 800th  for abut 40 more minutes.

"derp": 0.85360232,   >>>>>>>>>>  this was .33 so I moved it .5 btc so far

Yep this is precisely what I mean and demonstrates what would happen on every block on the "proportional" payout mechanism and why no pool should be using it today. The only reason it's prop at the moment is because the N is building up. But there is no other fair way to build up this N which is also a nice way to build up the pool's hashrate to start out. Of course none of this is a guarantee of a windfall unless the 1st block is lucky, which I really hope it is Getting a pool started from scratch and attracting hashrate is incredibly difficult these days.

it can be good on the second block also even the third.

5 n is now 5 x  520,808,749,422 = 2,604,043,747,110

So until  the pool has done  that many shares    a big jump  in hash like an 800 th size  will move you upwards faster then the coin you spend on the rental. (WITH IN REASON)

 IF you pay a 10% premium to rent right now  it is not a fuck over.

I estimate  blocks are 13.75 - .5% = 13.68125   which is  9.45%  so  if you can rent at  .5200 on nice hash  to do this  you are close to even.

the lowest rental on nicehash at the moment is .5178  so  you could be  a bit ahead on the odds if you rent low.

[1713880166]

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[1713880166]

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[philipma1957]

Would be nice  to hit it early.  I will run my 800th  for abut 40 more minutes.

"derp": 0.85360232,   >>>>>>>>>>  this was .33 so I moved it .5 btc so far

Yep this is precisely what I mean and demonstrates what would happen on every block on the "proportional" payout mechanism and why no pool should be using it today. The only reason it's prop at the moment is because the N is building up. But there is no other fair way to build up this N which is also a nice way to build up the pool's hashrate to start out. Of course none of this is a guarantee of a windfall unless the 1st block is lucky, which I really hope it is Getting a pool started from scratch and attracting hashrate is incredibly difficult these days.

http://ckpool.org/users/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

{
 "hashrate1m": "971T",
 "hashrate5m": "902T",
 "hashrate1hr": "702T",
 "hashrate1d": "61.8T",
 "hashrate7d": "10.5T",
 "lastshare": 1492815928,
 "workers": 2,
 "shares": 1605912933,
 "bestshare": 1985338139.0,
 "lns": 1605912933.1,
 "luck": 1.01,
 "herp": 1621362475.181367,
"derp": 1.13177218,
 "worker": [
  {
   "hashrate1m": "971T",
   "hashrate5m": "902T",
   "hashrate1hr": "702T",
   "hashrate1d": "61.8T",
   "hashrate7d": "10.5T",
   "lastshare": 1492815928,
   "shares": 1605912933,
   "bestshare": 1985338139.0,
   "lns": 1605912933.1,
   "luck": 1.01,
   "herp": 1621362475.181367,
   "workername": "1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje.1"
  }
 ]
}


derp is at 1.13 coins  i have 10 minutes to go.  it will then drop  since I won't be mining for a few days.

I spent .04 btc to jump up  about .8 btc  this will decline once I stop mining.

[serje]

{
 "hashrate1m": "61.7T",
 "hashrate5m": "31.5T",
 "hashrate1hr": "3.54T",
 "hashrate1d": "152G",
 "hashrate7d": "21.7G",
 "lastshare": 1492850789,
 "workers": 5,
 "shares": 3061205,
 "bestshare": 3139421.0,
 "lns": 3061205.1,
 "luck": 1.06,
 "herp": 3232367.161432016,
 "derp": 0.00198541,
 "worker": [
  {
   "hashrate1m": "61.7T",
   "hashrate5m": "31.5T",
   "hashrate1hr": "3.54T",
   "hashrate1d": "152G",
   "hashrate7d": "21.7G",
   "lastshare": 1492850789,
   "shares": 3061205,
   "bestshare": 3139421.0,
   "lns": 3061205.1,
   "luck": 1.06,
   "herp": 3232367.161432016,
   "workername": "1EjTdmm8768CPvt8kXQRrZoby2ivXjyPpb"
  }
 ]
}

my derp is 0.001 but i just started on the pool

with a little luck we will get a block or maybe two`

[eddiephx]

Hello, New miner here running S9 I just pointed my miner at this new mining pool you guys are talking about in this thread? How do payouts work? How can I monitor my stats? Is there a main site to register at?

[ComputerGenie]

Hello, New miner here running S9 I just pointed my miner at this new mining pool you guys are talking about in this thread? How do payouts work? How can I monitor my stats? Is there a main site to register at?

https://bitcointalk.org/index.php?topic=1876330.msg18650392#msg18650392

[eddiephx]

Well I in the pool. So "derp" is my payout? Paid when the next block is found? How often is that? Are my number looking okay?

"hashrate1m": "12.3T",
 "hashrate5m": "11T",
 "hashrate1hr": "10.3T",
 "hashrate1d": "920G",
 "hashrate7d": "136G",
 "lastshare": 1492932993,
 "workers": 1,
 "shares": 19244792,
 "bestshare": 15574988.0,
 "lns": 19244792.1,
 "luck": 0.95,
 "herp": 18260717.48742153,
 "derp": 0.00639655,
 "worker": [
  {
   "hashrate1m": "12.3T",
   "hashrate5m": "11T",
   "hashrate1hr": "10.3T",
   "hashrate1d": "920G",
   "hashrate7d": "136G",
   "lastshare": 1492932993,
   "shares": 19244792,
   "bestshare": 15574988.0,
   "lns": 19244792.1,
   "luck": 0.95,
   "herp": 18260717.48742153,

[ComputerGenie]

Well I in the pool. So "derp" is my payout? Paid when the next block is found? How often is that?...

Derp stands for Difficulty Extrapolated Reward Payment - where the reward equals the user's herp divided by the pool's herp i.e. it is the expected reward should a block be found now.
...
Coinbase generation - Block solve reward is distributed directly from the block to each user, meaning each user gets a 'mined' transaction directly into their wallet as soon as the block is solved so there is no wait to get paid and no pool wallet storing user's rewards. Rewards will be considered 'immature' by bitcoin rules so will be unspendable until 100 network confirmations have passed.

[ComputerGenie]

Also, some web wallets (especially exchange wallets) and some lightweight wallets do not play nice with coinbase generations. Best to use a full node's wallet when mining on pools using coinbase generations of mining rewards.

As far as web wallets go, always remember ....
https://youtu.be/F12lpqnug-0

[eddiephx]

Mine is a coinbase wallet will that work okay? I put my wallet address as my worker correct?

[ComputerGenie]

Mine is a coinbase wallet will that work okay? I put my wallet address as my worker correct?

Yes, it will work, as far as the pool is concerned (my personal animus towards online wallets is a separate issue).
Yes just set your "worker" as like:

Code:

1GeniexG7MnLr9WH48jG1cPLqgGbqUsaFM.WorkerName

but with your addy.
Or, if you only have one miner, then just set your "worker" as like:

Code:

1GeniexG7MnLr9WH48jG1cPLqgGbqUsaFM

but with your addy.

[eddiephx]

Great thanks bro. I set my address as worker like 1LcDSrR8RxRPdaRp32PgBtojREAhJ.1 hope that works okay. I seem to be connected to the pool. How long do you imagine until a block is usually solved? Do you think this mining pool will be more profitable then antpool? Also, if I left the pool now will I still get my "derp" or do I lose it if I leave the pool before the block is solved?

[serje]

Great thanks bro. I set my address as worker like 1LcDSrR8RxRPdaRp32PgBtojREAhJ.1 hope that works okay. I seem to be connected to the pool. How long do you imagine until a block is usually solved? Do you think this mining pool will be more profitable then antpool? Also, if I left the pool now will I still get my "derp" or do I lose it if I leave the pool before the block is solved?

If we find the block right after you leave you will still get your but if we find the block tomorrow your derp will decrease and you will get a smaller reward, also if it takes us much more your derp will probably be around 0.

Right in this moment(or maybe just a few hours after you left) you should be payed by antpool for the blocks they find!

[ComputerGenie]

Great thanks bro. I set my address as worker like 1LcDSrR8RxRPdaRp32PgBtojREAhJ.1 hope that works okay. I seem to be connected to the pool. How long do you imagine until a block is usually solved? Do you think this mining pool will be more profitable then antpool? Also, if I left the pool now will I still get my "derp" or do I lose it if I leave the pool before the block is solved?

Yes, that will work as long as you set your real addy (what you posted isn't a valid addy).
The pool is currently back down to 300TH, but at 600TH the average block time should ~43-44 days.
I think any pool that pays out fees to the miners is more profitable than Antpool (I've heard rumors that they are finally paying some fees on some things, but I haven't bothered with them since the halving so I don't know what their actual pay rates are anymore).
As I quoted before, the derp is based on if a block were found right now; if you leave, then others will continue to submit shares, new arrivals will submit shares, and your older shares will be less valuable (because they become a more diluted and smaller percentage of the overall) and your derp will diminish.

[eddiephx]

What bitcoin wallet do you recommend? I'm not gonna lie i'm new to the game i'm sure that is obvious by now. Coinbase did piss me off and held my BTC hostage because of a transaction error on their part and I do not feel that safe on coinbase after that. Do you think I was lucky in stumbling onto this thread with this new ck mining pool? I just got my antminer s9 hooked up and would love to bring in some profit to make my self feel better about my new endeavor. Thanks.

[ComputerGenie]

What bitcoin wallet do you recommend? I'm not gonna lie i'm new to the game i'm sure that is obvious by now. Coinbase did piss me off and held my BTC hostage because of a transaction error on their part and I do not feel that safe on coinbase after that. Do you think I was lucky in stumbling onto this thread with this new ck mining pool? I just got my antminer s9 hooked up and would love to bring in some profit to make my self feel better about my new endeavor. Thanks.

While I have philosophical issues with doing so (it's a long list of centralization vs decentralization issues that I will not go into in this thread), I use the Bitcoin Core wallet. Your experience with Coinbase is exactly why I hate most online wallets (the structure goes against the core principles of Bitcoin).

As far as luck, only time will tell. It could be that we hit a block early and you get a comparative "windfall" for getting in early; on the other hand, we could hit a run of bad luck and only end up with 100% of expected. I'm hoping for the former (not only will it be a bigger payout for us early folks, it will likely attract others after the 1st block or 2 rolls in), but prepared for the latter.

[eddiephx]

Okay so my worker is set to 1LcDSrR8RxRPdaRp32PgBPKfRQtojREAhJ.1, I hope the ".1" is okay. Will my derp ever decrease as long as I stay in the pool? At this rate it is looking pretty good for only being in the pool 10 hours. So if the pool gains significantly more hashrate the block will be solved sooner and payout? That would be cool. Here's my latest stats okay or no?

"hashrate1m": "14T",
 "hashrate5m": "12.7T",
 "hashrate1hr": "12.8T",
 "hashrate1d": "4.61T",
 "hashrate7d": "790G",
 "lastshare": 1492964850,
 "workers": 1,
 "shares": 114810224,
 "bestshare": 52519689.0,
 "lns": 114810224.1,
 "luck": 0.99,
 "herp": 113419760.3348182,
 "derp": 0.03483049,
 "worker": [
  {
   "hashrate1m": "14T",
   "hashrate5m": "12.7T",
   "hashrate1hr": "12.8T",
   "hashrate1d": "4.61T",
   "hashrate7d": "790G",
   "lastshare": 1492964850,
   "shares": 114810224,
   "bestshare": 52519689.0,
   "lns": 114810224.1,
   "luck": 0.99,
   "herp": 113419760.3348182,
   "workername": "1LcDSrR8RxRPdaRp32PgBPKfRQtojREAhJ.1"

[ComputerGenie]

Okay so my worker is set to 1LcDSrR8RxRPdaRp32PgBPKfRQtojREAhJ.1, I hope the ".1" is okay....

Perfect.

...Will my derp ever decrease as long as I stay in the pool?...

Derp will constantly change (up or down) depending on the size of the pool and the transactions in the block we're currently working on. If the fees are lower for the current block than the last time you looked, then the derp will be lower (because the total payout is lower). Derp can also go significantly lower if the pool grows significantly before a block is found (as before, your shares become less of the whole).

... So if the pool gains significantly more hashrate the block will be solved sooner and payout?...

Statistically, yes; however, since luck is involved, possibly not. Welcome to Bitcoin.  

...Here's my latest stats okay or no? ...

Looks good so far.

[eddiephx]

Also, what happens if I lose internet connection briefly or power down my miner for a few minutes to move it(and make some cooling adjustments, I'm in AZ) will I lose my derp or have my derp diminish? When I re-power my miner does my derp start all over again?

[ComputerGenie]

Also, what happens if I lose internet connection briefly or power down my miner for a few minutes to move it(and make some cooling adjustments, I'm in AZ) will I lose my derp or have my derp diminish? When I re-power my miner does my derp start all over again?

For your hashrate, minor down-times will not have a large impact or diminish derp in any way meaningful. The only way to lose derp completely is if you have 0 shares left to be paid out.

[eddiephx]

I think I'll keep my miner pointed at this pool and see what happens. Thanks for all your help buddy