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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 3852451 times)
BadAss.Sx
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August 21, 2013, 01:08:56 PM
 #11681

So why the big fuzz that i have found a block in my statistics lol?

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August 21, 2013, 01:10:49 PM
 #11682

So why the big fuzz that i have found a block in my statistics lol?

well, you can be happy that you became a part of the bitcoin history Smiley
digital
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August 21, 2013, 01:18:33 PM
 #11683

So why the big fuzz that i have found a block in my statistics lol?

People also use it to determine their individual luck.  If you've found 5 blocks total, and have a total payout of 140 btc then your more profitable than you would be solo mining, hence lucky. 

However if you have found 5 blocks total but have only been paid out 100 btc, then you're less profitable than you would have been solo mining, hence unlucky.

This is all assuming you only mined after the block halving.

Personally, I've found 7 blocks, and have been paid out 468 btc.  So I'm well ahead of the game (95% of those stats were earned pre-block halving so my blocks count as 50 btc).

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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August 21, 2013, 01:22:06 PM
 #11684

I found 5 blocks (one before halving) and I was paid out 27 BTC, so I'm sponsoring the pool Smiley
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August 21, 2013, 01:40:39 PM
 #11685

Doesn't your luck in finding blocks within the pool sort of differ from finding blocks on your own solo-mining?

Like ...the blocks you find would probably not be looked at by your miners unless you were within the pool so therefore you probably wouldn't have found those specific blocks... but i guess with that logic, you still have the same chances of finding a block either way.

I was on bitminter for 1 week when I found my first block. I'm running 20 gh/s, with pool mining I will basically never get to 25btc.

Does this mean that technically I had the same chances of finding that block while solo mining?

And if so, does anyone think I could actually find a block using a 20 gh/s, from my understanding its basically a crapshoot or near impossible. Or was my 1 block in 1 week a total anomaly?

Just wonderwandering here...


So why the big fuzz that i have found a block in my statistics lol?

People also use it to determine their individual luck.  If you've found 5 blocks total, and have a total payout of 140 btc then your more profitable than you would be solo mining, hence lucky. 

However if you have found 5 blocks total but have only been paid out 100 btc, then you're less profitable than you would have been solo mining, hence unlucky.

This is all assuming you only mined after the block halving.

Personally, I've found 7 blocks, and have been paid out 468 btc.  So I'm well ahead of the game (95% of those stats were earned pre-block halving so my blocks count as 50 btc).

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August 21, 2013, 02:06:21 PM
 #11686

I'm pretty sure your odds are the same.  Pool difficulty is less than the network difficulty, but every time you find a share you are solving the pool problem.  The pool just compares your result against the network problem to see if you solved the block.

But just because the odds are the same, doesn't mean you will find a block solo mining after 1 week.  There are calculators out there that can tell you based on the difficulty and your ghash how long it SHOULD take you to find a block solo mining, but that doesn't mean that is how it will turn out.

People tend to use pools because they equal steady income over time.  Solo mining is more like playing the lottery.  But in the long term (years) they should just about equal out.

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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August 21, 2013, 02:11:34 PM
 #11687

This is a good place to check if you're thinking about solo mining...

http://www.bitcoinx.com/profit/

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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August 21, 2013, 04:09:49 PM
 #11688

But in the long term (years) they should just about equal out.

Just FYI, to equal out over the course of years, you would need a decent amount of speed (50 GH/s+ right now) that continues to grow proportional to overall network speed.  Otherwise, you're looking at a time frame of decades/centuries or more :p.  Right now, 50 GH/s on average won't even find a block per month, meaning you'll on average see 2-3 difficulty changes between solves.  A bad luck round is normally 3-5x expected time frame, which at 50 GH/s [and upgrading each difficulty increase] would be 5-9 months.  Extremely bad luck rounds (which do happen) are up to 10x difficulty (and very rarely, even worse).

It would likely take you years to recover from that bad round, assuming you continue to increase your hash rate proportional to the network difficulty the entire time.  The flip side is, you could end up _way_ ahead with some good luck rounds early on.

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digital
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August 21, 2013, 04:20:23 PM
 #11689

But in the long term (years) they should just about equal out.

Just FYI, to equal out over the course of years, you would need a decent amount of speed (50 GH/s+ right now) that continues to grow proportional to overall network speed.  Otherwise, you're looking at a time frame of decades/centuries or more :p.  Right now, 50 GH/s on average won't even find a block per month, meaning you'll on average see 2-3 difficulty changes between solves.  A bad luck round is normally 3-5x expected time frame, which at 50 GH/s [and upgrading each difficulty increase] would be 5-9 months.  Extremely bad luck rounds (which do happen) are up to 10x difficulty (and very rarely, even worse).

It would likely take you years to recover from that bad round, assuming you continue to increase your hash rate proportional to the network difficulty the entire time.


Yep.  Just more specific.  That's all info they can get from the link I provided above.  And they can include more variables as well, such as electricity costs, startup costs, etc.

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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August 21, 2013, 05:58:47 PM
 #11690


........And if so, does anyone think I could actually find a block using a 20 gh/s, from my understanding its basically a crapshoot or near impossible. Or was my 1 block in 1 week a total anomaly?

Just wonderwandering here...

I was under the impression our jobs as pool miners was to let the pool know which Nonce isn't the right hash?
If I want Blocks I'd go solo.
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August 21, 2013, 09:01:38 PM
 #11691

Well, it has also to do with luck i guess...in the top 50 list there is someone with several blocks on his name and only hashing with 20Mhash/s Cheesy

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August 21, 2013, 09:13:20 PM
 #11692

Well, it has also to do with luck i guess...in the top 50 list there is someone with several blocks on his name and only hashing with 20Mhash/s Cheesy


cuz they found those blocks when 20mh/s was GODLY!
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August 21, 2013, 09:14:06 PM
 #11693

Well, it has also to do with luck i guess...in the top 50 list there is someone with several blocks on his name and only hashing with 20Mhash/s Cheesy

Yeah, but he could have been hashing with 20 mhash since 2010 and found blocks when it was still profitable to mine with a cpu.

Or he could have started last month with 100 ghash, but is now having network issues, and can only mine with his laptop's 7750 @ work...lol

There is a lot that list doesn't say.   Wink

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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August 21, 2013, 09:15:09 PM
 #11694

Ah well, whatever...finding a block does not give us any advantages...Wink

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August 21, 2013, 11:02:46 PM
 #11695

So why the big fuzz that i have found a block in my statistics lol?

well, you can be happy that you became a part of the bitcoin history Smiley

I have still zeros by all my workers. :-(
When there is a non-zero number, will it become clickable and linking to the list of found blocks?
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August 21, 2013, 11:14:56 PM
 #11696

I do not think it is very difficult. The value of each share you submit is calculated with the following formula:

scoreshare = exp(t/C)

where t is round duration in seconds, and C is a constant, currently 200. This means the value of each share is exponentially growing, so old share have significantly lower value compared to recent shares. So if you stop mining while others don't, your part of total pool score for that round will decrease exponentially. You can read the original post about this reward calculation method here: https://bitcointalk.org/index.php?topic=1976.msg50002#msg50002.

Additionally, based on measurement I have found that each hour, t is reset to zero and your score is divided by exp(3600/C). This is probably to prevent an arithmetic overflow (see http://en.wikipedia.org/wiki/Arithmetic_overflow).

Hope this helps,
   T
(emphasis by me)

(Also the whole pool's score is reduced by the same factor, not only yours.)  :-)
[edit] (In fact, it's the pool's score that is the candidate for arithmetic overflow, not the your one...) [/edit]

Thank you very much for posting the constants that resulted from your research, Tibor!

I've noticed that the current round (19720) score had been "reset" at about 20 minutes round duration for the first time and then between 1h 21m and 1h 22m for the second time.

I've looked just at this round, haven't examined any other one.

[edit] Next round (19721) first reset at about 1 hour 14 minutes. [/edit]
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August 22, 2013, 01:25:59 AM
 #11697

if I have 16 asics pointing to 1 WORKER should I raise the diff?!
All on one machine.
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August 22, 2013, 08:18:41 AM
 #11698

So why the big fuzz that i have found a block in my statistics lol?

well, you can be happy that you became a part of the bitcoin history Smiley

I have still zeros by all my workers. :-(
When there is a non-zero number, will it become clickable and linking to the list of found blocks?
I have found 1 block, it was the second day after starting up my first 10 USB miners. The block number that shows under my workers is a hyperlink to the block.


Found blocks
239418

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August 22, 2013, 11:39:32 AM
 #11699

Anyone else has the problem they receive alot less then normal now per block? Normally i receive around 600000 but all of a sudden it hangs on 29000 per block...

edit: fixed

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August 22, 2013, 03:34:52 PM
 #11700

Almost made a post worried about payout..
Then noticed 40450.699 Ghash/s for the pool - wow  Grin

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