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Author Topic: [150+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 4225434 times)
digital
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June 17, 2013, 01:53:22 PM
 #10241

Difficulty is up value is down luck also. Not  very good times for miners.

I see the value continuing to go down.  In the coming months you will see a shift from GPU mining to ASIC mining.  GPU miners will start to get out because it's not cost effective.

And the small time GPU miners are the people who actually will take btc and spend them in the community.  Most ASIC miners are in it for speculation/investment.   And they will just sit on their btc.  Which is bad for the system.

The more people we have actually using btc for everyday purchases the healthier btc will be.

If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20  50051.100  53668.0  53788.0  53571.0  53571.0  52212.0  50729.0  114804.0  115468  78106  69061  58572  54747
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June 17, 2013, 02:50:11 PM
 #10242

Difficulty is up value is down luck also. Not  very good times for miners.

I see the value continuing to go down.  In the coming months you will see a shift from GPU mining to ASIC mining.  GPU miners will start to get out because it's not cost effective.

And the small time GPU miners are the people who actually will take btc and spend them in the community.  Most ASIC miners are in it for speculation/investment.   And they will just sit on their btc.  Which is bad for the system.

The more people we have actually using btc for everyday purchases the healthier btc will be.

The Question is, how many GPU miners would not buy ASIC hardware? I think very lot.
My PC uses 125w idle, with 99% GPU uses ~240w, Different is 115 watt/h.
For 24H running 2.7 kw. With 300 MHash/s i earn 0.0072 BTC / 24H, this is 0.54 Euro. My power cost is 0.23 EUR/kw.
0.621 Euro power cost and 0.54 Euro BTC earing. That is -0.081 Euro pro day.
This not worth it to mining with unused GPU time.

I think, lot of ppl would stop mining with BTC, many hundreds, and when they stop mining, they stop use BTC too.
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June 17, 2013, 03:43:13 PM
 #10243

If BTC was just about pc gamers it should have fallen over ages ago.    Other people are using it, I would presume they will continue to do so until its no longer reliable.   Asic since it costs less per unit probably helps the system but not the little miners.

What GPU are you on that it is no longer profitable ?
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June 17, 2013, 04:40:20 PM
 #10244

My PC uses 125w idle, with 99% GPU uses ~240w, Different is 115 watt/h.
For 24H running 2.7 kw. With 300 MHash/s i earn 0.0072 BTC / 24H, this is 0.54 Euro. My power cost is 0.23 EUR/kw.
0.621 Euro power cost and 0.54 Euro BTC earing. That is -0.081 Euro pro day.
This not worth it to mining with unused GPU time.

Your calculation is using current exchange rate. This makes sense when you are planing to sell/spend your freshly mined btcs immediately. Otherwise, exchange rate may change either upwards or downwards before you use your coins, you don't know in advance. Anyway, if you're going to use your coins and not sell them immediately, your calculation can't be that simple. :-)
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June 17, 2013, 05:03:53 PM
 #10245

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.

ok 200 Jalapenos... I purposely low balled the number of Jalapenos to make a point. SOMEONE will always try to say your wrong when your right.
Like I said pointless topic I am totally right.
 scroll back 25 pages its tiresome repeating the same thing everytime diff increases

But you are wrong... And you're wrong twice.

First, even 200 Jalapenos added to Slush pool is still much less than the last diff change, 5.6 % vs. 23.9 %.
Second, as I've already written:
While diff change causes an immediate reward decrease, adding power to the pool does not. Adding power decreases reward per block, but increases block frequency, so daily reward remains constant. This is beacause the ratio (your hashrate / current difficulty) remains unchanged.
Got it?
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June 17, 2013, 06:09:54 PM
 #10246

Quote
Adding power decreases reward per block, but increases block frequency, so daily reward remains constant.

Are we sure that this is true, that it is linear and not some type of curve? Has anyone actually crunched the numbers to prove this or is this just how we think it should be?

I agree with the concept, but i could be wrong.

it is adding power to other pools that does us in if we don't grow at an equal rate to the others.
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June 17, 2013, 06:44:47 PM
 #10247

Quote
Adding power decreases reward per block, but increases block frequency, so daily reward remains constant.

Are we sure that this is true, that it is linear and not some type of curve? Has anyone actually crunched the numbers to prove this or is this just how we think it should be?

The last sentence, that you have left out from the quotation, is the answer to your question.

Quote
it is adding power to other pools that does us in if we don't grow at an equal rate to the others.

Somebody pinched it, and what I say is, them 'as pinched it, done her in. :-)))

Yes, it is. But, so is adding power to our pool. Although, neither of them immediately.
During the single cycle between difficulty changes, adding power to any pool has no influence on our individual (daily) rewards. The difference materializes at once, through the change of the difficulty.
The power is added quasi-continually, with no immediate effect on the other participants, while the speed is adjusted stepwise, by the difficulty changes.
Adding power is the original reason. And difficulty adjustment is the moment when we feel it.
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June 17, 2013, 08:46:27 PM
 #10248

My PC uses 125w idle, with 99% GPU uses ~240w, Different is 115 watt/h.
For 24H running 2.7 kw. With 300 MHash/s i earn 0.0072 BTC / 24H, this is 0.54 Euro. My power cost is 0.23 EUR/kw.
0.621 Euro power cost and 0.54 Euro BTC earing. That is -0.081 Euro pro day.
This not worth it to mining with unused GPU time.

Your calculation is using current exchange rate. This makes sense when you are planing to sell/spend your freshly mined btcs immediately. Otherwise, exchange rate may change either upwards or downwards before you use your coins, you don't know in advance. Anyway, if you're going to use your coins and not sell them immediately, your calculation can't be that simple. :-)
It makes more seance to buy them at less cost them mined them... Right?
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June 18, 2013, 02:36:52 AM
 #10249

2013-06-17 22:37:11: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:11, Verification failed, check hardware! (0:0:Barts, ce5273db)
2013-06-17 22:37:13: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:13, Verification failed, check hardware! (0:1:Cypress, 727d93c7)
2013-06-17 22:37:20: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:20, Verification failed, check hardware! (0:0:Barts, a2952421)
2013-06-17 22:37:29: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:1:Cypress, 70fe5733)
2013-06-17 22:37:29: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:0:Barts, 0df11781)
2013-06-17 22:37:31: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:31, Verification failed, check hardware! (0:1:Cypress, 0558f90a)
2013-06-17 22:37:37: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:37, Verification failed, check hardware! (0:1:Cypress, 1e22764a)
2013-06-17 22:37:40: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:40, Verification failed, check hardware! (0:2:Juniper, 00d0bf18)
2013-06-17 22:37:44: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:2:Juniper, a415432f)
2013-06-17 22:37:44: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:0:Barts, fb1cb804)
2013-06-17 22:37:45: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:45, Verification failed, check hardware! (0:1:Cypress, 9e719e0e)
  please help me diaganosis this
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June 18, 2013, 03:11:44 AM
 #10250

My PC uses 125w idle, with 99% GPU uses ~240w, Different is 115 watt/h.
For 24H running 2.7 kw. With 300 MHash/s i earn 0.0072 BTC / 24H, this is 0.54 Euro. My power cost is 0.23 EUR/kw.
0.621 Euro power cost and 0.54 Euro BTC earing. That is -0.081 Euro pro day.
This not worth it to mining with unused GPU time.

Your calculation is using current exchange rate. This makes sense when you are planing to sell/spend your freshly mined btcs immediately. Otherwise, exchange rate may change either upwards or downwards before you use your coins, you don't know in advance. Anyway, if you're going to use your coins and not sell them immediately, your calculation can't be that simple. :-)
It makes more seance to buy them at less cost them mined them... Right?

It would take a seance to know what the future holds for the exchange rate (sorry, couldn't help it).

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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June 18, 2013, 08:46:33 AM
 #10251

If BTC was just about pc gamers it should have fallen over ages ago.    Other people are using it, I would presume they will continue to do so until its no longer reliable.   Asic since it costs less per unit probably helps the system but not the little miners.

What GPU are you on that it is no longer profitable ?
I have only one AMD 6870 VGA card in my PC. 300mhps. I have brought in 2011, but i have only in the left 6 months mined, because i dont have known about bitcoin.

*EDIT*
I would like to buy ASIC too, but the current price is 2800 USD for a 5ghps hardware, thats horrible.
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June 18, 2013, 10:15:02 AM
 #10252

If BTC was just about pc gamers it should have fallen over ages ago.    Other people are using it, I would presume they will continue to do so until its no longer reliable.   Asic since it costs less per unit probably helps the system but not the little miners.

What GPU are you on that it is no longer profitable ?
I have only one AMD 6870 VGA card in my PC. 300mhps. I have brought in 2011, but i have only in the left 6 months mined, because i dont have known about bitcoin.

*EDIT*
I would like to buy ASIC too, but the current price is 2800 USD for a 5ghps hardware, thats horrible.

But what hardware are you looking at .. take small steps.

get +- 5BTC (+-$500)

3 BTC group buy 32 avalon chips (small change back)
2 BTC Boards and Assembly (small change back)
use the small change for shipping to you ... +-USD 500 and you will have a 9GH miner in 10 weeks.
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June 18, 2013, 01:37:33 PM
 #10253

With all the incoming asic orders 9gh/s won't be enough...
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June 18, 2013, 02:01:24 PM
 #10254

2013-06-17 22:37:11: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:11, Verification failed, check hardware! (0:0:Barts, ce5273db)
2013-06-17 22:37:13: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:13, Verification failed, check hardware! (0:1:Cypress, 727d93c7)
2013-06-17 22:37:20: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:20, Verification failed, check hardware! (0:0:Barts, a2952421)
2013-06-17 22:37:29: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:1:Cypress, 70fe5733)
2013-06-17 22:37:29: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:0:Barts, 0df11781)
2013-06-17 22:37:31: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:31, Verification failed, check hardware! (0:1:Cypress, 0558f90a)
2013-06-17 22:37:37: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:37, Verification failed, check hardware! (0:1:Cypress, 1e22764a)
2013-06-17 22:37:40: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:40, Verification failed, check hardware! (0:2:Juniper, 00d0bf18)
2013-06-17 22:37:44: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:2:Juniper, a415432f)
2013-06-17 22:37:44: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:0:Barts, fb1cb804)
2013-06-17 22:37:45: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:45, Verification failed, check hardware! (0:1:Cypress, 9e719e0e)
  please help me diaganosis this


Probably a Catalyst problem.  Are you using 12.8, and what driver version?
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June 18, 2013, 05:52:24 PM
 #10255

2013-06-17 22:37:11: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:11, Verification failed, check hardware! (0:0:Barts, ce5273db)
2013-06-17 22:37:13: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:13, Verification failed, check hardware! (0:1:Cypress, 727d93c7)
2013-06-17 22:37:20: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:20, Verification failed, check hardware! (0:0:Barts, a2952421)
2013-06-17 22:37:29: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:1:Cypress, 70fe5733)
2013-06-17 22:37:29: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:0:Barts, 0df11781)
2013-06-17 22:37:31: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:31, Verification failed, check hardware! (0:1:Cypress, 0558f90a)
2013-06-17 22:37:37: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:37, Verification failed, check hardware! (0:1:Cypress, 1e22764a)
2013-06-17 22:37:40: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:40, Verification failed, check hardware! (0:2:Juniper, 00d0bf18)
2013-06-17 22:37:44: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:2:Juniper, a415432f)
2013-06-17 22:37:44: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:0:Barts, fb1cb804)
2013-06-17 22:37:45: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:45, Verification failed, check hardware! (0:1:Cypress, 9e719e0e)
  please help me diaganosis this


Probably a Catalyst problem.  Are you using 12.8, and what driver version?
Had the same problem. I was sure the card died since the computer was moved when powered up and fell. It turned out that OpenCL was the reason...(HDD failed and I had to reinstall)

EDIT: But could also be drivers... It is always combination...
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June 18, 2013, 05:53:21 PM
 #10256

2013-06-17 22:37:11: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:11, Verification failed, check hardware! (0:0:Barts, ce5273db)
2013-06-17 22:37:13: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:13, Verification failed, check hardware! (0:1:Cypress, 727d93c7)
2013-06-17 22:37:20: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:20, Verification failed, check hardware! (0:0:Barts, a2952421)
2013-06-17 22:37:29: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:1:Cypress, 70fe5733)
2013-06-17 22:37:29: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:0:Barts, 0df11781)
2013-06-17 22:37:31: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:31, Verification failed, check hardware! (0:1:Cypress, 0558f90a)
2013-06-17 22:37:37: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:37, Verification failed, check hardware! (0:1:Cypress, 1e22764a)
2013-06-17 22:37:40: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:40, Verification failed, check hardware! (0:2:Juniper, 00d0bf18)
2013-06-17 22:37:44: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:2:Juniper, a415432f)
2013-06-17 22:37:44: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:0:Barts, fb1cb804)
2013-06-17 22:37:45: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:45, Verification failed, check hardware! (0:1:Cypress, 9e719e0e)
  please help me diaganosis this


Probably a Catalyst problem.  Are you using 12.8, and what driver version?

I would backoff to catalyst 11.11 for the older graphics cards.  This worked for me.
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June 18, 2013, 06:50:14 PM
 #10257

2013-06-17 22:37:11: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:11, Verification failed, check hardware! (0:0:Barts, ce5273db)
2013-06-17 22:37:13: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:13, Verification failed, check hardware! (0:1:Cypress, 727d93c7)
2013-06-17 22:37:20: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:20, Verification failed, check hardware! (0:0:Barts, a2952421)
2013-06-17 22:37:29: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:1:Cypress, 70fe5733)
2013-06-17 22:37:29: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:0:Barts, 0df11781)
2013-06-17 22:37:31: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:31, Verification failed, check hardware! (0:1:Cypress, 0558f90a)
2013-06-17 22:37:37: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:37, Verification failed, check hardware! (0:1:Cypress, 1e22764a)
2013-06-17 22:37:40: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:40, Verification failed, check hardware! (0:2:Juniper, 00d0bf18)
2013-06-17 22:37:44: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:2:Juniper, a415432f)
2013-06-17 22:37:44: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:0:Barts, fb1cb804)
2013-06-17 22:37:45: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:45, Verification failed, check hardware! (0:1:Cypress, 9e719e0e)
  please help me diaganosis this


Probably a Catalyst problem.  Are you using 12.8, and what driver version?

I would backoff to catalyst 11.11 for the older graphics cards.  This worked for me.

If you're using a non-ATI (non-reference) card make sure to use the drivers from that card's manufacturer. I had the same issue with a non-reference MSI card - I had to use MSI's drivers.

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June 18, 2013, 09:07:44 PM
 #10258

7 hours for a block.... lovely
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June 18, 2013, 09:12:12 PM
 #10259

7 hours for a block.... lovely

As far as i am concerned, i would be fine with 7 blocks during the next hour, to balance that one out.
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June 18, 2013, 09:13:43 PM
 #10260

2013-06-17 22:37:11: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:11, Verification failed, check hardware! (0:0:Barts, ce5273db)
2013-06-17 22:37:13: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:13, Verification failed, check hardware! (0:1:Cypress, 727d93c7)
2013-06-17 22:37:20: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:20, Verification failed, check hardware! (0:0:Barts, a2952421)
2013-06-17 22:37:29: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:1:Cypress, 70fe5733)
2013-06-17 22:37:29: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:29, Verification failed, check hardware! (0:0:Barts, 0df11781)
2013-06-17 22:37:31: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:31, Verification failed, check hardware! (0:1:Cypress, 0558f90a)
2013-06-17 22:37:37: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:37, Verification failed, check hardware! (0:1:Cypress, 1e22764a)
2013-06-17 22:37:40: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:40, Verification failed, check hardware! (0:2:Juniper, 00d0bf18)
2013-06-17 22:37:44: Listener for "6750": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:2:Juniper, a415432f)
2013-06-17 22:37:44: Listener for "6850": stratum.bitcoin.cz:3333 17/06/2013 22:37:44, Verification failed, check hardware! (0:0:Barts, fb1cb804)
2013-06-17 22:37:45: Listener for "5850": stratum.bitcoin.cz:3333 17/06/2013 22:37:45, Verification failed, check hardware! (0:1:Cypress, 9e719e0e)
  please help me diaganosis this


Probably a Catalyst problem.  Are you using 12.8, and what driver version?

I would backoff to catalyst 11.11 for the older graphics cards.  This worked for me.

If you're using a non-ATI (non-reference) card make sure to use the drivers from that card's manufacturer. I had the same issue with a non-reference MSI card - I had to use MSI's drivers.

.....they dont make there own drivers

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