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Question: What type of pool payouts do you prefer?
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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3926982 times)
nottm28
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June 16, 2013, 09:28:37 PM
 #10221

Hi Guys!

Just a quick question here, when the reward crosses the payment threshold, is the payment sent immediately?
Or is there a certain time once a day when all the payments are processed?

Thanks!

There's a short delay but is usually processed within about an hour...

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dan7733
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June 16, 2013, 09:30:18 PM
 #10222

Hi Guys!

Just a quick question here, when the reward crosses the payment threshold, is the payment sent immediately?
Or is there a certain time once a day when all the payments are processed?

Thanks!

There's a short delay but is usually processed within about an hour...

Thanks!

BTC: 18z2eRZvAtrTrHqdG1daErcEiXorofeEqa      WDC: WbGVA944GkcjR64rJoV1pWFfn64Y2w35mf
LTC: LYp4tCJzeMgiVZdMHqxUGXtPk7GuH5cXKG  PWC: p7iUwXGTn24FDThr3wurqb9rhggew7qwrq
BTB: BLEKr47ChrrWR593nirD1589ShATFma9Mf  YAC: Y9QFYm92WvsCVgaxJiiZuu9y4nJ7MX1P1R
dben428
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June 16, 2013, 09:39:34 PM
 #10223

And new difficulty set to 19339258. Let's hope for the best.
aurel57
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June 16, 2013, 09:54:52 PM
 #10224

And new difficulty set to 19339258. Let's hope for the best.

Doom and gloom.... its a race to the end
bspurloc
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June 16, 2013, 10:05:28 PM
 #10225

And new difficulty set to 19339258. Let's hope for the best.

Yeah....
 now start the posts about how their shares were less and the diff caused it not the 16,000gh/s to 17,400gh/s change last block...
bspurloc
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June 16, 2013, 10:07:57 PM
 #10226

Hi Guys!

Just a quick question here, when the reward crosses the payment threshold, is the payment sent immediately?
Or is there a certain time once a day when all the payments are processed?

Thanks!

There's a short delay but is usually processed within about an hour...

Thanks!

they are sent out hourly if u r at the threshold, but dont sit there staring at your wallet, as payments coming to your wallet and be minutes or hours...
5120-01-518-6126
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June 16, 2013, 10:17:58 PM
 #10227


Are there any data for the whole "network luck"? I'm afraid those can't be obtained easily, because the whole network hashrate is calculated from found blocks, thus supposing "network luck" equal to 100 %. This way, one can't differentiate between hashrate changes and luck changes.
Or am I wrong?


On way of looking at it is that luck for the whole network is 100% all the time -- I mean, the network always finds a block.  Another way of looking at it is whether the network is finding blocks in less than 10 minutes average per block (>100%), at 10 minutes average (100%), or longer than 10 minutes average (<100%), but then difficulty changes are used to keep the average as close to 10 minutes as possible.
guytechie
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June 16, 2013, 11:08:15 PM
 #10228

Reaper is the only mining software working with my hardware, so I'm limited with what I can use with LTC (reaper, cgminer, bfgminer, none works for me on LTC mining).

Does it mean you have some special hardware?
Is the content in parentheses to be understood in the sense that reaper works for you and the following two programs do not?

I guess it's special.  My 6950 (modded to 6970) seems to have problems with other miners except for reaper with BTC.  However, NOTHING (including reaper) works with LTC mining.

Put something in my tip jar if I made your day. Smiley
BTC:
1MkmBHDjonAFXui6JEx9ZmEemfMtUo9Cmu
PrintMule
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June 17, 2013, 12:04:06 AM
 #10229

Reaper is the only mining software working with my hardware, so I'm limited with what I can use with LTC (reaper, cgminer, bfgminer, none works for me on LTC mining).

Does it mean you have some special hardware?
Is the content in parentheses to be understood in the sense that reaper works for you and the following two programs do not?

I guess it's special.  My 6950 (modded to 6970) seems to have problems with other miners except for reaper with BTC.  However, NOTHING (including reaper) works with LTC mining.

maybe you have not enough ram for scrypt mining?

Trongersoll
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June 17, 2013, 12:45:24 AM
 #10230

And new difficulty set to 19339258. Let's hope for the best.

Doom and gloom.... its a race to the end

I've said it before and I'll say it again. Because difficulty rises the same for everyone, it has no affect on reward. it is the increase in hashing power that will diminish your reward and that happens over time as new equipment comes on line.

The difficulty just normalizes the output so it is every 10 minutes. Slush's approximately 10% of the pool will get 10% regardless of the difficulty. I don't care if you believe me, it is what it is.

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
Doge: DB22tiynvXKg7SyPpnH9jyfitKLTZb6ejc
organofcorti
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June 17, 2013, 12:56:37 AM
 #10231

And new difficulty set to 19339258. Let's hope for the best.

Doom and gloom.... its a race to the end

I've said it before and I'll say it again. Because difficulty rises the same for everyone, it has no affect on reward. it is the increase in hashing power that will diminish your reward and that happens over time as new equipment comes on line.
Not really true, unless I'm misunderstanding what you mean. Each difficulty 1 share has an expected value of [Bitcoin reward]/[Mining difficulty], so your expected reward per share is directly affected by mining difficulty (and of course the network hashrate - they are really measuring and affecting similar things)

The difficulty just normalizes the output so it is every 10 minutes. Slush's approximately 10% of the pool will get 10% regardless of the difficulty. I don't care if you believe me, it is what it is.

Sure, but with an increase in difficulty (and of course the  network hashrate) Slush's pool will either find fewer blocks, or if it manages to keep a constant proportion of the network, it will require a greater hashrate.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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guytechie
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June 17, 2013, 01:05:08 AM
 #10232

Reaper is the only mining software working with my hardware, so I'm limited with what I can use with LTC (reaper, cgminer, bfgminer, none works for me on LTC mining).

Does it mean you have some special hardware?
Is the content in parentheses to be understood in the sense that reaper works for you and the following two programs do not?

I guess it's special.  My 6950 (modded to 6970) seems to have problems with other miners except for reaper with BTC.  However, NOTHING (including reaper) works with LTC mining.

maybe you have not enough ram for scrypt mining?

2GB on card, 16 GB system memory.

Put something in my tip jar if I made your day. Smiley
BTC:
1MkmBHDjonAFXui6JEx9ZmEemfMtUo9Cmu
Trongersoll
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June 17, 2013, 01:10:32 AM
 #10233

And new difficulty set to 19339258. Let's hope for the best.

Doom and gloom.... its a race to the end

I've said it before and I'll say it again. Because difficulty rises the same for everyone, it has no affect on reward. it is the increase in hashing power that will diminish your reward and that happens over time as new equipment comes on line.
Not really true, unless I'm misunderstanding what you mean. Each difficulty 1 share has an expected value of [Bitcoin reward]/[Mining difficulty], so your expected reward per share is directly affected by mining difficulty (and of course the network hashrate - they are really measuring and affecting similar things)

The difficulty just normalizes the output so it is every 10 minutes. Slush's approximately 10% of the pool will get 10% regardless of the difficulty. I don't care if you believe me, it is what it is.

Sure, but with an increase in difficulty (and of course the  network hashrate) Slush's pool will either find fewer blocks, or if it manages to keep a constant proportion of the network, it will require a greater hashrate.
everyone will find fewer blocks.... screw it believe what you want. watchin' True Blood.

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
Doge: DB22tiynvXKg7SyPpnH9jyfitKLTZb6ejc
organofcorti
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June 17, 2013, 01:13:22 AM
 #10234

And new difficulty set to 19339258. Let's hope for the best.

Doom and gloom.... its a race to the end

I've said it before and I'll say it again. Because difficulty rises the same for everyone, it has no affect on reward. it is the increase in hashing power that will diminish your reward and that happens over time as new equipment comes on line.
Not really true, unless I'm misunderstanding what you mean. Each difficulty 1 share has an expected value of [Bitcoin reward]/[Mining difficulty], so your expected reward per share is directly affected by mining difficulty (and of course the network hashrate - they are really measuring and affecting similar things)

The difficulty just normalizes the output so it is every 10 minutes. Slush's approximately 10% of the pool will get 10% regardless of the difficulty. I don't care if you believe me, it is what it is.

Sure, but with an increase in difficulty (and of course the  network hashrate) Slush's pool will either find fewer blocks, or if it manages to keep a constant proportion of the network, it will require a greater hashrate.
everyone will find fewer blocks.... screw it believe what you want.

I'm not actually disagreeing with you in general , just your statement about difficulty.

watchin' True Blood.

Asshole. I wont be able to watch until I get home tonight. Post spoilers at your peril.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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Trongersoll
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June 17, 2013, 02:02:15 AM
 #10235

ok, assume that there is no new hardware added the 48 hours before and after the difficulty increase(hypothetical) if slush's pool will find fewer blocks after the rise in difficulty who is getting the difference? if you are saying that there will be an overall decrease in blocks, well yeah, we were making too many per day, although it is probably only a fraction of a block per day. Everyone's per day income may go down, but not noticeably because it was going down everytime new hardware came on line over the last 2000 odd blocks. the difficulty has no immediate effect on income.

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
Doge: DB22tiynvXKg7SyPpnH9jyfitKLTZb6ejc
bspurloc
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June 17, 2013, 02:52:17 AM
 #10236

ok, assume that there is no new hardware added the 48 hours before and after the difficulty increase(hypothetical) if slush's pool will find fewer blocks after the rise in difficulty who is getting the difference? if you are saying that there will be an overall decrease in blocks, well yeah, we were making too many per day, although it is probably only a fraction of a block per day. Everyone's per day income may go down, but not noticeably because it was going down everytime new hardware came on line over the last 2000 odd blocks. the difficulty has no immediate effect on income.

The decrease from DIFF is way less than 100 butterfly jalapenos being added to Slush.

it is a pointless topic cuz there is always going to be someone that knows its fractional but will keep talking like it isnt.

 Driving with the AC on will decrease your MPG. but not enough to matter.
gourmet
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June 17, 2013, 03:04:39 AM
 #10237

ok, assume that there is no new hardware added the 48 hours before and after the difficulty increase(hypothetical) if slush's pool will find fewer blocks after the rise in difficulty who is getting the difference? if you are saying that there will be an overall decrease in blocks, well yeah, we were making too many per day, although it is probably only a fraction of a block per day. Everyone's per day income may go down, but not noticeably because it was going down everytime new hardware came on line over the last 2000 odd blocks. the difficulty has no immediate effect on income.

No.

During the 2016 blocks periode, the global (hourly, daily) reward is rising, as the global hashrate is rising. The (global) frequency of finding block is rising, so is the global reward. Reward for each block/share/MH/s is stable while the difficulty is constant. I.e., miners' reward is stable too, as long as their hashrate is constant. New miners/workers get equal reward per MH/s as the old ones, thus adding to the global reward increase.

At the moment of re-targeting, when difficulty rises, the number of shares to find a block rises instantly. That is, each share, each MH/s, gets less from that moment. So does the whole network. The global reward per (hour, day) drops with the ratio (old difficulty / new difficulty). This way it compensates for the two weeks' rise, trying to restore the standard block periode of 10 minutes.
So, the reward of a miner with constant power, who had been getting constant reward for last two weeks, drops instantly too.

Yes, the rising global hashrate is the real reason. Reason why the difficulty must rise. But the reward drops appear at the moments of re-targeting, while during the 2016 blocks individual reward is stable and the global one is rising.

So: No, the reward is not going down everytime new hardware came on line through the 2016 block period. This accumulated rise in power is compensated for at the moment of re-targeting.
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June 17, 2013, 03:06:56 AM
 #10238

ok, assume that there is no new hardware added the 48 hours before and after the difficulty increase(hypothetical) if slush's pool will find fewer blocks after the rise in difficulty who is getting the difference? if you are saying that there will be an overall decrease in blocks, well yeah, we were making too many per day, although it is probably only a fraction of a block per day. Everyone's per day income may go down, but not noticeably because it was going down everytime new hardware came on line over the last 2000 odd blocks. the difficulty has no immediate effect on income.

If I get some time I'll explain it better. But you can expect your average earnings between any two retargets (changes in difficulty) to equal [block reward]/[mining difficulty]. Assuming block reward is 25 btc, then your earnings after a difficulty change will be inversely proportional to the percentage change in difficulty.

If you have some data, try calculating for yourself - get your average earnings for the entire difficulty period before and the entire difficulty period after a retarget, and compare to the change in difficulty.

Edit OK, I don't need to explain better. gourmet just did.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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gourmet
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June 17, 2013, 03:27:10 AM
 #10239

The decrease from DIFF is way less than 100 butterfly jalapenos being added to Slush.

it is a pointless topic cuz there is always going to be someone that knows its fractional but will keep talking like it isnt.

 Driving with the AC on will decrease your MPG. but not enough to matter.

Totally wrong.

100 jalapenos is some 450 GH/s, it's nearly nothing in the >16 TH/s of the pool. (The pool has risen from ~12 TH to >16 TH in short time...)
Well, 0.45/16 is about 2.8 %, while the last difficulty change has been >23.9 %.

And most important: Yes, diff change caused a decrease in reward, while adding power to the pool did not. Adding power decreases reward per block, but increases block frequency, so daily reward remains constant.
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June 17, 2013, 03:41:50 AM
 #10240

Yikes, down to 57% luck on the day.

Well, I'm hoping for the best with Slush's after the difficulty bump. Maybe our luck will turn around.

Pool luck (1 day, 7 days, 30 days):   55%, 85%, 96%   Sad
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