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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3928268 times)
visdude
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September 16, 2013, 10:09:40 AM
 #12021

What part of "after all the operating expenses are applied" makes it "counting the coin's value twice"?  I reiterate: if I ended up with a -$100 (loss) after all the expenses are subtracted, it stands that I have one BTC that cost me $100 (debit) which is actually worth $138 or so in the market.

Expenses are subtracted from what amount?
If you subtracted from the coins value, like:
1 BTC: 138$
minus energy 200$
minus value decrease of hardware 38$
= -100$

than its not a coin which cost 100$ and is a good buy, its a coin which cost 238$ and is worth 138$, thus a bad buy which made you loose 100$.


If you just list all expenses and get 100$, thats not a 100$ loss, its 100$ costs, and if compared to the BTC price, you end up with a 38$ win.
If you did it that way, you calculated right, and i was just confused by the terms u used.
But the point of my initial post was to say that there is really no way for energy costs alone to not exceed the value of the mined coins by far.
So what i want to say: If you mine BTC with GPUs, even when not considering hardware costs, you will always end up "buying" BTC at a very very very expensive rate.

Again, it's after all expenses (equipment depreciation, energy bill, etc.) are applied, i.e. if you create a balance sheet after producing one BTC, a -$100 balance resulted.  However, an asset worth $138 has also been acquired in the process (1 BTC) in my example.  That leaves a $38 profit ($138 less $100).

Perhaps, I should have taken your post from my original quote; my post was in reference to my concept being similar to scooter's and not your post.

p.s.  I see your point though.  It would not be a loss.  I tend to isolate BTC mined and apply them last (since they are very volatile) in my way of accounting (more like ghetto accounting).
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September 16, 2013, 03:24:41 PM
 #12022

Is the website offline right now?

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September 16, 2013, 03:53:45 PM
 #12023

Is the website offline right now?


I can access it.
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September 16, 2013, 09:54:14 PM
 #12024

What part of "after all the operating expenses are applied" makes it "counting the coin's value twice"?  I reiterate: if I ended up with a -$100 (loss) after all the expenses are subtracted, it stands that I have one BTC that cost me $100 (debit) which is actually worth $138 or so in the market.

Expenses are subtracted from what amount?
If you subtracted from the coins value, like:
1 BTC: 138$
minus energy 200$
minus value decrease of hardware 38$
= -100$

than its not a coin which cost 100$ and is a good buy, its a coin which cost 238$ and is worth 138$, thus a bad buy which made you loose 100$.


If you just list all expenses and get 100$, thats not a 100$ loss, its 100$ costs, and if compared to the BTC price, you end up with a 38$ win.
If you did it that way, you calculated right, and i was just confused by the terms u used.
But the point of my initial post was to say that there is really no way for energy costs alone to not exceed the value of the mined coins by far.
So what i want to say: If you mine BTC with GPUs, even when not considering hardware costs, you will always end up "buying" BTC at a very very very expensive rate.

Again, it's after all expenses (equipment depreciation, energy bill, etc.) are applied, i.e. if you create a balance sheet after producing one BTC, a -$100 balance resulted.  However, an asset worth $138 has also been acquired in the process (1 BTC) in my example.  That leaves a $38 profit ($138 less $100).

Perhaps, I should have taken your post from my original quote; my post was in reference to my concept being similar to scooter's and not your post.

p.s.  I see your point though.  It would not be a loss.  I tend to isolate BTC mined and apply them last (since they are very volatile) in my way of accounting (more like ghetto accounting).
(emphasis mine)

Again: To what are the expenses applied? To the market price of the BTC generated?

If you create a balance, as you say, there's -$238 on one side and +$138 on the other side, the result being -$100. But you have accounted for the BTC value once already (as if you have "sold" it). So you can't say you have one BTC for $100. You have it for $238. You can't get $138 for the one BTC and still have it. :-)

You say an asset worth $138 has also been acquired.
Yes, it has. But you can either keep it (and it costs you $238 at your expenses) or sell it for $138, then you decrease your direct loss to "only" $100.

You can't say I have one BTC that cost me $100 (debit). If you are in the position that the process has cost you $100, you already do not have the BTC. If you still have it, it cost you $238.

[edit]:
In case you mean $100 are only the expenses and you really end with $38 profit, then you can't call the $100 amount balance. In that case, it's no balance, it's just expenses. Balance has always two sides, one being the earnings, i.e. the BTC value in this case. In that case, balance would be those +$38.
It's impossible to have a balance of -$100 and a profit of +$38 at the same time. :-)))
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September 17, 2013, 12:47:07 AM
 #12025

Difficulty settings dictate what level of difficulty the miner will accept and send to the pool.  Higher difficulty means higher rejects.  Diff 16 means harder hashes, but every hash counts as 16 shares.

Why does higher difficulty mean higher rejects? (Does it really?)
I think what he means is with the higher worker diff rate it just appears they have a higher rejection rate only because you need to take your accepted shares x worker diff then divide by your rejects to see what the rejected % is.

In fact, you have to swap the numerator and the denominator in your clause. ;-)
I.e., divide the rejects by the total shares, not reversely.
Yes, and you have to divide by total shares, i.e. accepted and rejected together, to get the rejected percentage.
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September 17, 2013, 09:06:20 AM
 #12026

Difficulty settings dictate what level of difficulty the miner will accept and send to the pool.  Higher difficulty means higher rejects.  Diff 16 means harder hashes, but every hash counts as 16 shares.

Why does higher difficulty mean higher rejects? (Does it really?)
I think what he means is with the higher worker diff rate it just appears they have a higher rejection rate only because you need to take your accepted shares x worker diff then divide by your rejects to see what the rejected % is.

In fact, you have to swap the numerator and the denominator in your clause. ;-)
I.e., divide the rejects by the total shares, not reversely.
Yes, and you have to divide by total shares, i.e. accepted and rejected together, to get the rejected percentage.
Yes I was wrong and had that backwards. But that is a good point about adding back in the rejects which I totally missed. Thanks
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September 17, 2013, 12:13:18 PM
 #12027

I am pulling my BF from Slush's. Sad
From BitFury page I am hitting 36-39GH/s (running 24/7 obviously)
Lately there have been to many instances where BF is reporting 36Gh lets say ans Slush's is saying my reward is not what is should be.
My only temporary fix for this was to restart my miner every few hours or when I catch the rewards levels drifting off to where I know it's a problem somewhere.
(I am going to test a few days with Bitminter to see if any difference. The last 30min it's been 37 to 40Gh.)

Let the test begin.


#   Block found at   Duration   Total shares   Your shares   Your BTC reward   Block #   Block value   Validity
20058   2013-09-15 17:29:19   0:13:43   12548741   6854   0.01344081   258178   25.19760381    73 confirmations left
20057   2013-09-15 17:15:36   0:30:45   27923822   15687   0.01340737   258176   25.03930960    71 confirmations left
20056   2013-09-15 16:44:51   1:41:51   92542754   53523   0.01400364   258172   25.17849582    67 confirmations left
20055   2013-09-15 15:03:00   0:28:30   25660964   8143   0.00795845   258164   25.10434846    59 confirmations left
20054   2013-09-15 14:34:30   3:54:12   212791583   113196   0.00777608   258159   25.08676663    54 confirmations left
20053   2013-09-15 10:40:18   2:36:46   141656128   82434   0.01397730   258135   25.18045046    30 confirmations left
20052   2013-09-15 08:03:32   1:00:39   54904212   33131   0.01343850   258117   25.02893680    12 confirmations left
20051   2013-09-15 07:02:53   4:03:00   218937938   126283   0.01426751   258108   25.32093276    3 confirmations left
20050   2013-09-15 02:59:53   5:12:41   284428611   135114   0.01408910   258072   25.12901062    confirmed
20049   2013-09-14 21:47:12   2:13:35   122161653   56129   0.00753105   258034   25.14307541    confirmed
20048   2013-09-14 19:33:37   0:50:57   46401717   27014   0.01465370   258015   25.01535462    confirmed
20047   2013-09-14 18:42:40   0:13:34   12502023   6850   0.01222630   258003   25.07640000    confirmed
20046   2013-09-14 18:29:06   0:02:01   1829874   929   0.01257313   258001   25.03120000    confirmed
20045   2013-09-14 18:27:05   1:37:26   88768628   41450   0.01300920   258000   25.09370015    confirmed
20044   2013-09-14 16:49:39   0:31:22   28885734   16083   0.01064981   257982   25.24410730    confirmed
20043   2013-09-14 16:18:17   2:17:04   122606366   52388   0.01310560   257979   25.25859928    confirmed
20042   2013-09-14 14:01:13   0:34:28   29963805   18377   0.01397606   257961   25.08078998    confirmed
20041   2013-09-14 13:26:45   3:19:09   170795001   77586   0.01602968   257953   25.09193760    confirmed


#   Block found at   Duration   Total shares    Your shares    Your BTC reward    Block #   Block value   Validity
20061    2013-09-16 05:16:58    1:14:04    66928719    49531    0.02453905    258271    25.17486378    85 confirmations left
20060    2013-09-16 04:02:54    2:42:23    146349338    4333    0.00076529    258261    25.11184913    75 confirmations left
20059    2013-09-16 01:20:31    7:51:12    427752608    384437    0.00074610    258243    25.33121055    57 confirmations left
20058    2013-09-15 17:29:19    0:13:43    12548741    12495    0.02438421    258178    25.19760381    confirmed
20057    2013-09-15 17:15:36    0:30:45    27923822    26600    0.02210033    258176    25.03930960    confirmed
20056    2013-09-15 16:44:51    1:41:51    92542754    87780    0.02440325    258172    25.17849582    confirmed
20055    2013-09-15 15:03:00    0:28:30    25660964    23275    0.02137285    258164    25.10434846    confirmed
20054    2013-09-15 14:34:30    3:54:12    212791583    203525    0.02038170    258159    25.08676663    confirmed
20053    2013-09-15 10:40:18    2:36:46    141656128    133525    0.02343147    258135    25.18045046    invalid
20052    2013-09-15 08:03:32    1:00:39    54904212    53235    0.02388774    258117    25.02893680    confirmed
20051    2013-09-15 07:02:53    4:03:00    218937938    209965    0.02502974    258108    25.32093276    confirmed

Same here. I restarted the mining proxy to fix it.

Well, I've been mining with BitMinter and have zero of the issues I had with this pool. Sad
Which sux as I like Slush's!
I just tried again and BF was showing 45Gh/s while Slush's spiked to a whooping 375Mhashes/s.


GAW Hashlets! - http://gawminers.go2cloud.org/aff_c?offer_id=34&aff_id=790
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Mudbankkeith
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September 17, 2013, 01:10:11 PM
 #12028


Well, I've been mining with BitMinter and have zero of the issues I had with this pool. Sad
Which sux as I like Slush's!
I just tried again and BF was showing 45Gh/s while Slush's spiked to a whooping 375Mhashes/s.



Be careful with the "375Mhashes/s" figure from Slush's Pool. This is only an estimate.
Quote from the website:-  (* The calculation is based on the number of shares so far, which may not be accurate for slower workers.)

So the figure will be low when you first connect and (will) (should) increase after a few hours connected.


The low Btc count can also be partly due to the large swings in the "daily pool luck" appearing on Slush's, 73% to 160% within a very few hours.
Block time can be 7 hours or more, and as short as 1 min, or less. If you lose 30 seconds, due to a restart, in a 1 min block your share count will be half of your normal count.

Another difficulty that will influence pool figures is the size of miners coming into the pool and being taken out again.(pool testing is as disruptive as pool skipping)
In June a 350Mh/s GPU miner was the normal size, Now in September 64Gh/s is the size for new rigs.


You need a 24 hour uninterupted run to compare figures.
 Also be aware that thousands of other people are currently experimenting with similar rigs, and looking for the "best pool for their configuration".
This is bound to cause variations in the short term results.


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zurg
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September 17, 2013, 01:20:40 PM
 #12029


Well, I've been mining with BitMinter and have zero of the issues I had with this pool. Sad
Which sux as I like Slush's!
I just tried again and BF was showing 45Gh/s while Slush's spiked to a whooping 375Mhashes/s.



Be careful with the "375Mhashes/s" figure from Slush's Pool. This is only an estimate.
Quote from the website:-  (* The calculation is based on the number of shares so far, which may not be accurate for slower workers.)

So the figure will be low when you first connect and (will) (should) increase after a few hours connected.


The low Btc count can also be partly due to the large swings in the "daily pool luck" appearing on Slush's, 73% to 160% within a very few hours.
Block time can be 7 hours or more, and as short as 1 min, or less. If you lose 30 seconds, due to a restart, in a 1 min block your share count will be half of your normal count.

Another difficulty that will influence pool figures is the size of miners coming into the pool and being taken out again.(pool testing is as disruptive as pool skipping)
In June a 350Mh/s GPU miner was the normal size, Now in September 64Gh/s is the size for new rigs.


You need a 24 hour uninterupted run to compare figures.
 Also be aware that thousands of other people are currently experimenting with similar rigs, and looking for the "best pool for their configuration".
This is bound to cause variations in the short term results.



Thanks for the tip.
I might have jumped the gun on the 375 assumption today as I was used to Slush's normally show me the correct hashrate fairly quickly before.

Went up to 1.6k now.. Shares submitted is still kind of low to what it should be.., BitMinter and BTC Guild showed proper numbers within 5min.

GAW Hashlets! - http://gawminers.go2cloud.org/aff_c?offer_id=34&aff_id=790
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aurel57
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September 17, 2013, 04:23:46 PM
 #12030

#258513 nice reward had a 12.43 transaction fee
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September 17, 2013, 05:34:45 PM
 #12031

Just wondered if anyone could help ,Igot an asicminer usb stick today but I been trying to se it up all day .

I eventually got the drivers installed and the usb stick plugged in .

But the videos I watched are all for Bitminter were you download their program and the miner shows up and you click run .

But if I open open slushes website there is no such software it is just a place to register new workers .

Is there any videos of someone setting up a usb stick to mine on slush's pool .?

any help would be appreciated ty.

I prefer videos to a wall of text tbh .
bitcoiner49er
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September 17, 2013, 05:52:02 PM
 #12032

#258513 nice reward had a 12.43 transaction fee

Yeah this guy likes to put big fees on his transactions.  Shocked

Homo doctus is se semper divitias habet
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September 17, 2013, 05:57:35 PM
 #12033

#258513 nice reward had a 12.43 transaction fee

Yeah this guy likes to put big fees on his transactions.  Shocked

rippleflip?  Huh

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
Doge: DB22tiynvXKg7SyPpnH9jyfitKLTZb6ejc
KNK
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September 17, 2013, 06:07:21 PM
 #12034

Yeah this guy likes to put big fees on his transactions.  Shocked

And his (or her) transactions are always exactly for 603.004551 BTC

BTC tips: 1KNK1akhpethhtcyhKTF2d3PWTQDUWUzHE
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September 17, 2013, 06:28:51 PM
 #12035

Just wondered if anyone could help ,Igot an asicminer usb stick today but I been trying to se it up all day .

I eventually got the drivers installed and the usb stick plugged in .

But the videos I watched are all for Bitminter were you download their program and the miner shows up and you click run .

But if I open open slushes website there is no such software it is just a place to register new workers .

Is there any videos of someone setting up a usb stick to mine on slush's pool .?

any help would be appreciated ty.

I prefer videos to a wall of text tbh .

Using cgminer 3.1.1 create a windows .bat file with the following (similar) contents

Right-click on My Computer -> Properties -> Device Manager -> Ports (COM)

Note which COM port your miner is attached to and change COM3 (no space) to COMX where X is your COM port number.

Code:
C:\cgminer-3.1.1-windows\cgminer.exe --icarus-options 115200:1:1 --icarus-timing 3.0=100 -S //./COM3 -o http://stratum.bitcoin.cz:3333 -u USERNAME -p PASSWORD -I 9 -w 256 --auto-fan --temp-target 70

Run the batch file.

Try that...

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September 17, 2013, 06:50:11 PM
 #12036

Just wondered if anyone could help ,Igot an asicminer usb stick today but I been trying to se it up all day .

I eventually got the drivers installed and the usb stick plugged in .

But the videos I watched are all for Bitminter were you download their program and the miner shows up and you click run .

But if I open open slushes website there is no such software it is just a place to register new workers .

Is there any videos of someone setting up a usb stick to mine on slush's pool .?

any help would be appreciated ty.

I prefer videos to a wall of text tbh .

You need our front page http://mining.bitcoin.cz/
and BFGMiner https://bitcointalk.org/index.php?topic=168174.0
or your choice among these others https://bitcointalk.org/index.php?topic=16125.0

Yea its walls of text you must read, if your uncomfortable with that then this is absolutely the wrong hobby for you.
I've spent the past year staring into these walls of text many hours a day every day to understand and keep up with all things bitcoin.

Good luck friend.

+1 nottm28
+1 Mudbankkeith
yes, setting up is that easy once you get it.

1FQkmrwQ7yf9MKGLsAUhY2jgMT8WjepwL7
Mudbankkeith
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September 17, 2013, 06:50:29 PM
 #12037

Just wondered if anyone could help ,Igot an asicminer usb stick today but I been trying to se it up all day .

I eventually got the drivers installed and the usb stick plugged in .

But the videos I watched are all for Bitminter were you download their program and the miner shows up and you click run .

But if I open open slushes website there is no such software it is just a place to register new workers .

Is there any videos of someone setting up a usb stick to mine on slush's pool .?

any help would be appreciated ty.

I prefer videos to a wall of text tbh .

Using cgminer 3.1.1 create a windows .bat file with the following (similar) contents

Right-click on My Computer -> Properties -> Device Manager -> Ports (COM)

Note which COM port your miner is attached to and change COM3 (no space) to COMX where X is your COM port number.

Code:
C:\cgminer-3.1.1-windows\cgminer.exe --icarus-options 115200:1:1 --icarus-timing 3.0=100 -S //./COM3 -o http://stratum.bitcoin.cz:3333 -u USERNAME -p PASSWORD -I 9 -w 256 --auto-fan --temp-target 70

Run the batch file.

Try that...

With BFGminer the following is all you need for a batch file:-

bfgminer.exe -o http://stratum.bitcoin.cz:3333 -u MINERNAME -p PASWORD -G -S all

Download and install BFGminer
Find the directory where the "bfgminer.exe" is installed.
create a file called "Mining.bat" in this directory.
Copy and paste this line into the .bat file
Edit your "minername" and "password" (as registered on slush's)
Store the file
Right click on the .bat file and send it to desktop shortcut.

Double click the file on your desktop and BFGminer will start. Then it should run your Asic usb.
-G stops your graphics card from becoming a miner
-S all    looks automatically for all asic miners. so if you add anymore usb miners, all you need to do is stop BFGminer and start it again.



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September 17, 2013, 06:59:07 PM
 #12038

I forgot to add:-

Virus checkers will try to delete the BFGminer.exe and possibly the Miner.bat files
They will need to be allowed to run as "safe" files
 

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HellDiverUK
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September 17, 2013, 07:39:25 PM
 #12039


Virus checkers will try to delete the BFGminer.exe and possibly the Miner.bat files


Only if you're using shit antivirus.
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September 17, 2013, 08:14:12 PM
 #12040


Virus checkers will try to delete the BFGminer.exe and possibly the Miner.bat files


Only if you're using shit antivirus.

Yep good point - I had to disable 'real time scanning' when unpacking the zip file for cgminer 3.1.1 as I use the shit antivrus that is mcafee... after I was up and running I was able to 'enable real time scanning' again with no further issues...

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