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crypto_curious
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June 04, 2018, 02:47:09 PM |
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Understood. It sure distorts our diff% when they go away. I know it is just a warm fuzzy stat but going back to 21PH to find a block is not going to occur in the statistical timeframe the difficulty % reflects. Just an observation. Not a complaint.
More hashrate = more shares = more blocks = more frequent payouts = less variance. I am happy about that. We are getting our share we worked anyway, so everything is fair. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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User name used
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Activity: 102
Merit: 6
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June 04, 2018, 02:51:20 PM |
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Understood. It sure distorts our diff% when they go away. I know it is just a warm fuzzy stat but going back to 21PH to find a block is not going to occur in the statistical timeframe the difficulty % reflects. Just an observation. Not a complaint.
More hashrate = more shares = more blocks = more frequent payouts = less variance. I am happy about that. We are getting our share we worked anyway, so everything is fair. As long as we hit a block with them. What is the impact when we go back to 21PH when they leave before we hit a block? I am glad they are on. But it is only beneficial if we hit while they are on. If this is incorrect I am open to being corrected, please. Main point is the statistical luck is what it is. This major variance in hash just distorts diff% figures and expectations may be skewed. |
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ComputerGenie
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June 04, 2018, 03:42:26 PM |
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...What is the impact when we go back to 21PH when they leave before we hit a block? ....
The statistical impact of short-term heavy hitters on the rest of the pool's payout is quite minimal in a 5N calculation. |
If you have to ask "why?", you wouldn`t understand my answer.
Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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crypto_curious
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June 04, 2018, 03:43:19 PM |
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Understood. It sure distorts our diff% when they go away. I know it is just a warm fuzzy stat but going back to 21PH to find a block is not going to occur in the statistical timeframe the difficulty % reflects. Just an observation. Not a complaint.
More hashrate = more shares = more blocks = more frequent payouts = less variance. I am happy about that. We are getting our share we worked anyway, so everything is fair. As long as we hit a block with them. What is the impact when we go back to 21PH when they leave before we hit a block? I am glad they are on. But it is only beneficial if we hit while they are on. If this is incorrect I am open to being corrected, please. Main point is the statistical luck is what it is. This major variance in hash just distorts diff% figures and expectations may be skewed. If we "meant" to hit no block during let's say 1M hashes, then we would spent another week churning through those hashes. If temporary hashrate bring that block faster, we are good. We would be paid one fair percentage share for our contribution, regardless of temporary hashrate during those blocks. |
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minefarmbuy
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We are not retail.
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June 04, 2018, 03:49:53 PM |
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Using a car analogy is like hitting the gas peddle on the highway. We gain speed and ramp up and then ramp down, think of 20 PH as our cruising speed. If anything statistically we should get to our destination sooner even if they leave before a block. Of course there is luck factor, good and bad. The premise is always the same.
People are going to hop into and out of any pool. The difference here is your share is much less affected over time than anywhere else because of ramp up.
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ComputerGenie
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June 04, 2018, 03:58:25 PM |
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point of note:
If a short-term heavy hitter leaves before or after a block is irrelevant to anything outside of the block finder bonus. 1 million shares out of 21,534,747,869,905 = 1 million shares out of 21,534,747,869,905; unless they are completely new to the pool, the only fundamental difference is which block(s) they get their highest payment in (and maybe 2 people on the extreme edge of the payment/postponement line). In one block or split across 2, it has no impact on the majority of the pool members.
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If you have to ask "why?", you wouldn`t understand my answer.
Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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June 04, 2018, 04:10:47 PM |
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As I understand it the following is a correct statement. Am I confused?
Once a block is found a search for a new block commences. Statistical 'luck' may provide a probability/diff% of your chances in finding the next block. The work you did on the last block or before has NO bearing on helping a miner find the next block. It is good old fashion 'luck'.
(I know prior work for pool credits and earning such matter for rampup, etc.)
This is not a payout question.
(I also understand the more hash power ie miners, etc a pool has increases likelihood of a block find so that is not part of the question.)
This is solely a question of when a new block is being searched for is there any direct input from previous work that assists in finding the new block. My understanding is no.
Thanks, I hope I am not over stepping my bounds w this.
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philipma1957
Legendary
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Activity: 4102
Merit: 7764
'The right to privacy matters'
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June 04, 2018, 04:20:51 PM |
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Understood. It sure distorts our diff% when they go away. I know it is just a warm fuzzy stat but going back to 21PH to find a block is not going to occur in the statistical timeframe the difficulty % reflects. Just an observation. Not a complaint.
More hashrate = more shares = more blocks = more frequent payouts = less variance. I am happy about that. We are getting our share we worked anyway, so everything is fair. As long as we hit a block with them. What is the impact when we go back to 21PH when they leave before we hit a block? I am glad they are on. But it is only beneficial if we hit while they are on. If this is incorrect I am open to being corrected, please. Main point is the statistical luck is what it is. This major variance in hash just distorts diff% figures and expectations may be skewed. they collect when they leave. just as same as anyone else. you have a classic the glass is half empty mindset. you are correct but it simply is the attitude of a pessimist. BTW they have hit multiple blocks if I am correct. |
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June 04, 2018, 04:44:09 PM |
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Understood. It sure distorts our diff% when they go away. I know it is just a warm fuzzy stat but going back to 21PH to find a block is not going to occur in the statistical timeframe the difficulty % reflects. Just an observation. Not a complaint.
More hashrate = more shares = more blocks = more frequent payouts = less variance. I am happy about that. We are getting our share we worked anyway, so everything is fair. As long as we hit a block with them. What is the impact when we go back to 21PH when they leave before we hit a block? I am glad they are on. But it is only beneficial if we hit while they are on. If this is incorrect I am open to being corrected, please. Main point is the statistical luck is what it is. This major variance in hash just distorts diff% figures and expectations may be skewed. they collect when they leave. just as same as anyone else. you have a classic the glass is half empty mindset. you are correct but it simply is the attitude of a pessimist. BTW they have hit multiple blocks if I am correct. With all due respect you misunderstand me. I have no problems they are on. Damn, if it wasn't for Halong I would not be mining. I am not a pessimist or optimist. I just want to learn the facts. I am asking specific questions that some are reading motive into. Please read my posts fully. No motive, no attitude. Just want to learn what I can so I speak w facts not "I believe so's". Very respectfully, thanks |
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ComputerGenie
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June 04, 2018, 04:55:21 PM |
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...Once a block is found a search for a new block commences. Statistical 'luck' may provide a probability/diff% of your chances in finding the next block. The work you did on the last block or before has NO bearing on helping a miner find the next block...
More specifically, every hash has a 1 in 4,306,949,573,981 chance of finding a block. Since we're not in a vacuum and working on new blocks every ~10 minutes, not only do previous shares not have any effect on that probability, previous hashes don't have a measurable impact either. |
If you have to ask "why?", you wouldn`t understand my answer.
Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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June 04, 2018, 04:58:39 PM |
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...Once a block is found a search for a new block commences. Statistical 'luck' may provide a probability/diff% of your chances in finding the next block. The work you did on the last block or before has NO bearing on helping a miner find the next block...
More specifically, every hash has a 1 in 4,306,949,573,981 chance of finding a block. Since we're not in a vacuum and working on new blocks every ~10 minutes, not only do previous shares not have any effect on that probability, previous hashes don't have a measurable impact either. Thanks! |
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evade_57
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June 04, 2018, 11:20:59 PM |
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Will Bitcoin be affected by the 51% attacks going on in the news?
Does this have any impact on mining pools / solo pools?
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-ck (OP)
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Ruu \o/
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June 04, 2018, 11:21:25 PM |
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Will Bitcoin be affected by the 51% attacks going on in the news?
Does this have any impact on mining pools / solo pools?
No |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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June 04, 2018, 11:35:52 PM |
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Hang in there Halong until we find a block. Thanks!! In advance.
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alaa_elmahdy
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June 05, 2018, 06:54:25 PM |
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Hello, i'll be in next today with my 131TH farm can any one expect how often we found a block
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ruinous
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June 06, 2018, 02:58:19 AM |
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Although I feel it's poor form for a company to mine on a small community pool. I had already thought it's bad enough minefarmbuy is here, even though I did get one of their promo s9's a little while back. LOL
Just kidding btw, any small loss will be made up if they stick it out and mine farm guy is just on their personal rigs? Not company? Regardless we're about due for block soon.
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philipma1957
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'The right to privacy matters'
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June 06, 2018, 03:07:18 AM
Last edit: June 06, 2018, 03:27:59 AM by philipma1957 |
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Although I feel it's poor form for a company to mine on a small community pool. I had already thought it's bad enough minefarmbuy is here, even though I did get one of their promo s9's a little while back. LOL
Just kidding btw, any small loss will be made up if they stick it out and mine farm guy is just on their personal rigs? Not company? Regardless we're about due for block soon.
no one likes a big player when luck is not good. we are past 6,013,787,741,358 by the big player I have been dragged down from 0.042 to 0.034 and I am debating if I should do big ass rental to catch back up I am renting since I don't want to drop down |
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philipma1957
Legendary
Online
Activity: 4102
Merit: 7764
'The right to privacy matters'
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June 06, 2018, 04:00:42 AM |
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So phil did you rent 2ph?
yeah for a few hours to get closer to the 0.04 threshold. |
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Philopolymath
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Walter Russell's Cosmogony is RIGHT!
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June 06, 2018, 05:16:51 AM |
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So we have a battle for 14th place
Phil with 2P rental is quickly gaining on Philo without his hydro upgrade and a wounded electric panel can only muster 40% of his horsepower...
Stay tuned sports fans
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Support Alien Beer Circle research...www.youtube.com/watch?v=MRXDk2RMQ4A
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