ckpool.org CLOSED

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That's what I'm hoping on. That would be a nice reward for those that have been consistently mining here since it would greatly boost rewards for them.

Still would like to see a lot more hashrate and/or miners get on board, I mean the fee is zero so long term profits here should be better than any pool provided we can get a consistent hashrate... but even that doesn't seem to attract anyone. I guess people feel the fancy interfaces are worth their 0.5~10% fees they're paying elsewhere.

In marketing, a pivotal concept is 'the time crunch'.  Take action now, or lose the opportunity.

Maybe something like that could benefit ckpool.  Sign up now, and the fee is 0%.  Wait until later, and it's some amount higher than 0%.   Etc.  Or maybe an early adopter bonus from subsequent blocks, something like that.

Nah it's not that at all, it's inertia, history and conservatism that keeps people on other pools.

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[philipma1957]

That's what I'm hoping on. That would be a nice reward for those that have been consistently mining here since it would greatly boost rewards for them.

Still would like to see a lot more hashrate and/or miners get on board, I mean the fee is zero so long term profits here should be better than any pool provided we can get a consistent hashrate... but even that doesn't seem to attract anyone. I guess people feel the fancy interfaces are worth their 0.5~10% fees they're paying elsewhere.

In marketing, a pivotal concept is 'the time crunch'.  Take action now, or lose the opportunity.

Maybe something like that could benefit ckpool.  Sign up now, and the fee is 0%.  Wait until later, and it's some amount higher than 0%.   Etc.  Or maybe an early adopter bonus from subsequent blocks, something like that.

Nah it's not that at all, it's inertia, history and conservatism that keeps people on other pools.

One more problem renting has become very expensive

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One more problem renting has become very expensive

That is true but the base hashrate of any pool should not be from renters.

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I think small miners will trickle in over time but we may get lucky if a larger miner gives the pool a shot and sticks with it.

Wetsuit is our largest miner at the moment and helped us get over the line with that block (thanks again!). Note that I started this pool because I polled people to see if they were interested and had some large miners say they would definitely join if I started such a pool. I wasn't interested in doing all the necessary code and starting the pool unless I knew there'd be support for it so this helped me make up my mind. After starting the pool they said they would only join if the pool got larger. Of course there were no contracts signed and no formal agreements so they were not obliged to do anything as such. I naturally expected this response but it was still disappointing when it happened.

Back to me repeating the same thing over and over again - this is the catch 22 that prevents this pool (and all other small pools you see here) from ever really taking off.

[greyworld]

You could always try stuffing Butters in a dress and making him dance around to bring in new miners.



I'm pretty sure that will work, that's Marketing 101 right there.

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You could always try stuffing Butters in a dress and making him dance around to bring in new miners.



I'm pretty sure that will work, that's Marketing 101 right there.

Now you're talking sensible options for expanding the pool right there.

[greyworld]

Question:

I was watching my payout and I noticed that an hour ago it was higher than it is now.  I've been connected steadily since the first block was solved.

Is that normal?  It went down from 215k sat to 199k.

So far the numbers it's showing me seem a little under the PPS rates I've been getting elsewhere, but I was hoping maybe if I leave it going a while it'll improve.  Right now I'm about 3% of the total pool hashrate, I thought the way the payouts worked is if it happened to magically get solved right now, I'd get basically 3% of the block reward.  No?   Now it seems like I misunderstood.

Here's my payout address, if that helps 1DFdEQfrScwmnaC1oYnqvwri6esN89dNCB

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Question:

I was watching my payout and I noticed that an hour ago it was higher than it is now.  I've been connected steadily since the first block was solved.

Is that normal?  It went down from 215k sat to 199k.

So far the numbers it's showing me seem a little under the PPS rates I've been getting elsewhere, but I was hoping maybe if I leave it going a while it'll improve.  Right now I'm about 3% of the total pool hashrate, I thought the way the payouts worked is if it happened to magically get solved right now, I'd get basically 3% of the block reward.  No?   Now it seems like I misunderstood.

Here's my payout address, if that helps 1DFdEQfrScwmnaC1oYnqvwri6esN89dNCB

Payout goes up and down with current block reward. If you saw it when there were a lot of high fee transactions it will have been a lot higher. Your payout will ramp up to be proportional to your commitment to the pool over 5 network diffs' worth so if you've been mining with us since day zero at the moment and been 3% you'll be 3% of the payout. With SPLNS you ramp up faster than PPLNS but it still takes some time.

[greyworld]

Payout goes up and down with current block reward. If you saw it when there were a lot of high fee transactions it will have been a lot higher. Your payout will ramp up to be proportional to your commitment to the pool over 5 network diffs' worth so if you've been mining with us since day zero at the moment and been 3% you'll be 3% of the payout. With SPLNS you ramp up faster than PPLNS but it still takes some time.

Oh ok, thanks for clearing that up.

How long is 5 network diffs' worth?  Currently at 110T

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Payout goes up and down with current block reward. If you saw it when there were a lot of high fee transactions it will have been a lot higher. Your payout will ramp up to be proportional to your commitment to the pool over 5 network diffs' worth so if you've been mining with us since day zero at the moment and been 3% you'll be 3% of the payout. With SPLNS you ramp up faster than PPLNS but it still takes some time.

Oh ok, thanks for clearing that up.

How long is 5 network diffs' worth?  Currently at 110T

110TH will cover 5 of the current network diffs in about 6 years... Oh look, it's >700TH again, so divided by 7 and it's about 9 months.

[greyworld]

110TH will cover 5 of the current network diffs in about 6 years... Oh look, it's >700TH again, so divided by 7 and it's about 9 months.

So I don't hit 100% payout rate for 6 years <-> 9 months?  Ouch.

Thanks for the info.  I'm going to cook up a little ckpool sticker people could add to their avatar image if they want, maybe that'll help a little.

C'mon Butters!  Shake it!

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110TH will cover 5 of the current network diffs in about 6 years... Oh look, it's >700TH again, so divided by 7 and it's about 9 months.

So I don't hit 100% payout rate for 6 years <-> 9 months?  Ouch.

You should know by now I never give optimistic information because I prefer to pessimise and if things are better people are happier (maybe I should give completely unrealistic promises and then more people will join??) The ramp up is an exponential process though in SPLNS so you'll get close to your optimal reward much sooner than the 9 months.

[greyworld]

You should know by now I never give optimistic information because I prefer to pessimise and if things are better people are happier (maybe I should give completely unrealistic promises and then more people will join??) The ramp up is an exponential process though in SPLNS so you'll get close to your optimal reward much sooner than the 9 months.

That's cool, I appreciate the un-embellished truth.  And it's not a big deal really, I'm just trying to understand the payout process better because I keep thinking about a profit calculator, I think that would help a bit with people that haven't tried it yet.

Also, until pool hash rate steps up a lot, the profits should actually look pretty good, so there's that...  Might help bring in new people 'feeling lucky'.

[harviak]

this pool looks nice as I see the discussion here.
I will put my few ghs here maybe one day I will find something for this pool in my wallet.
its not too much but maybe it will help a bit to support good thing

[greyworld]

this pool looks nice as I see the discussion here.
I will put my few ghs here maybe one day I will find something for this pool in my wallet.
its not too much but maybe it will help a bit to support good thing

Welcome to the pool!  I think you will be pleasantly surprised at the payout when it arrives, even though it may take a while.

Maybe not though... I'm feeling lucky today.  C'mon BLOCKS!!!

[packetsmurf]

I was very happy when we hit this block, the payout was nice and well worth the time. The more people and hashing power we get the more profitable it will be in shorter periods of time.

Welcome to anyone new the the pool !!

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As promised, all the code as run on this pool is now freely available for perusal and auditing as well here: https://bitbucket.org/ckolivas/ckpool-splns

[kartala]

After reading the whole article i'm convinced. Just waiting my 2 741's to arrive for few more days and these Th's are going straight to your pool.

[greyworld]

After reading the whole article i'm convinced. Just waiting my 2 741's to arrive for few more days and these Th's are going straight to your pool.

Hey great!  Welcome to the pool - leave a post if you have any problems getting setup or questions etc.  Until we get a new site setup things are a little sparse so it can take a second to get used to finding your stats etc.  If you'd like to see a little working draft preview, try http://ckpool.org/test.html

I think my next miners are going to be Canaan's, Bitmain has been a royal PITA all around, not to mention how shady they are in the crypto scene.

My Spondoolies Sp30 has been a champ but it's due for an upgrade... which should be arriving in about 3 weeks

[ComputerGenie]

Is today super lucky BTClock find Friday? Hope so! My little R1's are hashing away. lol

TGIF!

Code:

Current Block Reward: 17.04886797