Bitcoin Forum
September 29, 2016, 11:52:41 AM *
News: Latest stable version of Bitcoin Core: 0.13.0 (New!) [Torrent]. Make sure you verify it.
 
   Home   Help Search Donate Login Register  
Poll
Question: What type of pool payouts do you prefer?
Bitcoins - 3151 (80.4%)
Bank transfer / USD - 407 (10.4%)
Gold/silver coins and bars - 359 (9.2%)
Total Voters: 3915

Pages: « 1 ... 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 [632] 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 ... 1104 »
  Print  
Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3857600 times)
Speakeron
Jr. Member
*
Offline Offline

Activity: 47


View Profile
October 19, 2013, 06:33:01 PM
 #12621

mining pool hashrate does affect your earnings as the 25btc block still has to be split by how many shares you submitted so for example a block took 100 shares and 1 user submitted all those share they would get 25bitcoin where as if 2 users submitted share they would get 12.5 each

Indeed, but in the case of two users, you would win blocks twice as quickly since the pool's hash is doubled so the overall earnings would be the same.
1475149961
Hero Member
*
Offline Offline

Posts: 1475149961

View Profile Personal Message (Offline)

Ignore
1475149961
Reply with quote  #2

1475149961
Report to moderator
1475149961
Hero Member
*
Offline Offline

Posts: 1475149961

View Profile Personal Message (Offline)

Ignore
1475149961
Reply with quote  #2

1475149961
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
mdopro1
Sr. Member
****
Offline Offline

Activity: 290



View Profile
October 19, 2013, 06:40:39 PM
 #12622

Your earnings aren't directly affected by the pool hash rate;
Seriously? Since when?

EDIT: I see your above response, I take my "seriously" back Smiley

Need a coffee.

Keep Slush rounds short by donating to my wallet 1Pbmm1L69wNG7HaCHGLmVKzVCsq6p3UTds and also in case I actually helped someone.
Speakeron
Jr. Member
*
Offline Offline

Activity: 47


View Profile
October 19, 2013, 06:50:40 PM
 #12623

Your earnings aren't directly affected by the pool hash rate;
Seriously? Since when?

Since bitcoin was invented. Your earnings (whether you're mining solo or in a pool) depend only on your hash rate compared to the current difficulty. If during a difficulty round your pool's hash rate increases, then blocks will be found more quickly but you get a smaller share of each one so your average earnings will stay the same until the next difficulty change.
Mudbankkeith
Hero Member
*****
Offline Offline

Activity: 868



View Profile
October 19, 2013, 07:14:00 PM
 #12624

Question.
 If the bitcoin network finds one new block every 10 mins
where are all the 10 min blocks going?

There are 2 blocks under 10 mins in the current statistics,
most of the others are multiple hours!

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
Micky25
Legendary
*
Offline Offline

Activity: 830



View Profile
October 19, 2013, 07:25:09 PM
 #12625

the figures up on the right should answer your question

http://bitcoincharts.com/markets/
Speakeron
Jr. Member
*
Offline Offline

Activity: 47


View Profile
October 19, 2013, 07:46:36 PM
 #12626

Question.
 If the bitcoin network finds one new block every 10 mins
where are all the 10 min blocks going?

There are 2 blocks under 10 mins in the current statistics,
most of the others are multiple hours!

They're going to other pools (BTCGuild, ghash.io, etc). Watch http://blockchain.info to see the blocks being solved in real time. Remember that once every ten minutes is only on average and there may well be less or more time between blocks. Since the network hash rate is still increasing, blocks are being solved about once every seven minutes (on average) currently. See http://blockchain.info/pools to see the percentage breakdown between pools.
aurel57
Legendary
*
Offline Offline

Activity: 1050



View Profile
October 19, 2013, 07:58:08 PM
 #12627

Not sure what happen? Miners were not down.

 
#               Block found at Duration                    Total shares                 Your shares            Your BTC reward          Block #             Block value              Validity
20474         2013-10-19 19:49:11 0:58:18         183619562                   14319                   0.00278337                 264716           25.05891520      98 confirmations left  
20473         2013-10-19 18:50:53 4:18:43         806905065                  47775                    0.00000000                 264706           25.02120000      88 confirmations left  
20472         2013-10-19 14:32:10 0:33:05         101910920                   9975                     0.00273336                 264672           25.12480605      54 confirmations left  
20471         2013-10-19 13:59:05 1:34:50        290381577                   31050                    0.00262393                 264664           25.03999643      46 confirmations left  
20470         2013-10-19 12:24:15 0:36:09        109556297                   12050                    0.00281957                 264650           25.06568921      32 confirmations left  

██████████████████████████████████████████████
██████████████████████████████████████████████
█████                                    █████
█████                                    █████
█████                                    █████
█████           ▄█▄        ▄█▄           █████
█████          ████████████████          █████
█████           ▀████████████▀           █████
█████           ████▀    ▀████           █████
█████           ████▄    ▄████           █████
█████           ▄████████████▄           █████
█████          ████████████████          █████
█████           ▀█▀        ▀█▀           █████
█████                                    █████
█████                                    █████
█████                                    █████
██████████████████████████████████████████████
██████████████████████████████████████████████
▄██████████████████████████▄
██                        ██
██                        ██
██                        ██
██             ▄█▀███████████
██              ▀▀▀▀▀▀▀▀▀▀██▀
██                        ██
██                        ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄██████████████████████████▄
██                        ██
██                        ██
██                        ██
██                        ██
████████████████████████████
██                        ██
██                        ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄██████████████████████████▄
██                 ▄███▀  ██
██             ▄▄██▀▀  ▄█ ██
██     ▄    ▄███▀▀  ▄███  ██
██    ██▄▄██▀▀   ▄█████   ██
██   ████▀▀  ▄▄██▀▀ ▀█    ██
██  █▀▀   ▄▄██▀           ██
██    ▄▄███▀              ██
██▄▄▄████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄██████████████████████████▄
██                        ██
██  ████▄  ▄▄▄▄▄▄▄▄▄▄▄▄   ██
██     ▀█▄ ▀▀▀▀▀▀▀▀▀██    ██
██      ██         ██     ██
██       ███████████      ██
██        ▄▄     ▄▄       ██
██       ▀██▀   ▀██▀      ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄██████████████████████████▄
██                       ▄██
██                     █████
██         ▄         ███▀ ██
██       ▄███     ▄███▀   ██
██   ▄▄███▀▀███▄████▀     ██
██▄▄███▀     ▀███▀        ██
████▀                     ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄███████████▄  ██████████████
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
██████▀██████  ██████▀███████
 ▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀
vm1990
Legendary
*
Offline Offline

Activity: 1092


bloginhell.me


View Profile WWW
October 19, 2013, 08:06:12 PM
 #12628

mining pool hashrate does affect your earnings as the 25btc block still has to be split by how many shares you submitted so for example a block took 100 shares and 1 user submitted all those share they would get 25bitcoin where as if 2 users submitted share they would get 12.5 each

Indeed, but in the case of two users, you would win blocks twice as quickly since the pool's hash is doubled so the overall earnings would be the same.

so in that case blocks should be found faster and faster...

the way bitcoin work is the difficulty controls how fast blocks are found by the network and hashrate allows even distribution among the mining pool that finds that block that way if someones putting in 2ths and someones pitting in 1mhs there not getting an even share of the block so if the 2th miner increases to 6ths he will see his mining profit per block increase and the 1mhs miner will decrease

▄▄▄▄▄▄
▄▄▄▄
▄▄
▄▄▄▄▄▄
▄▄▄▄
▄▄
▄▄▄▄▄▄
▄▄▄▄
▄▄
.JOIN THE CLUB !
 Bitcointalk.club
▄▄▄▄▄▄
▄▄▄▄
▄▄
BLOG:  www.bloginhell.me        BTC: 192tyaiwWxJ2UhSxUCbQW4JuA3Le5CEhWH                 Free 5GB Storage Cloud.Bloginhell.me 
kabopar
Hero Member
*****
Offline Offline

Activity: 616


View Profile
October 20, 2013, 04:28:01 AM
 #12629

Not sure what happen? Miners were not down.

 
#               Block found at Duration                    Total shares                 Your shares            Your BTC reward          Block #             Block value              Validity
20474         2013-10-19 19:49:11 0:58:18         183619562                   14319                   0.00278337                 264716           25.05891520      98 confirmations left 
20473         2013-10-19 18:50:53 4:18:43         806905065                  47775                    0.00000000                 264706           25.02120000      88 confirmations left 
20472         2013-10-19 14:32:10 0:33:05         101910920                   9975                     0.00273336                 264672           25.12480605      54 confirmations left 
20471         2013-10-19 13:59:05 1:34:50        290381577                   31050                    0.00262393                 264664           25.03999643      46 confirmations left 
20470         2013-10-19 12:24:15 0:36:09        109556297                   12050                    0.00281957                 264650           25.06568921      32 confirmations left 

Comparing your fraction of shares to Total shares to mine, there is clearly a lower value for this block, perhaps your rig or internet connection had some issue towards the end of the block
Block #   Share ratio Aurel57/Kabopar
20474   1.649844452
20473   1.225817211
20472   1.936893204
20471   2.221506761
20470   2.186536019
mdopro1
Sr. Member
****
Offline Offline

Activity: 290



View Profile
October 20, 2013, 06:14:13 AM
 #12630

Does anyone know if it is safe to plug in a new asicminer blade v2 onto the backplane without shutting the backplane down?

Keep Slush rounds short by donating to my wallet 1Pbmm1L69wNG7HaCHGLmVKzVCsq6p3UTds and also in case I actually helped someone.
kkurtmann
Sr. Member
****
Offline Offline

Activity: 475



View Profile WWW
October 20, 2013, 06:38:09 AM
 #12631

for the one minute it takes to shut it down and plug it in and turn it back on I don't think you will miss much BTC . better safe than sorry?

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
Speakeron
Jr. Member
*
Offline Offline

Activity: 47


View Profile
October 20, 2013, 08:51:04 AM
 #12632

so in that case blocks should be found faster and faster...

And that is what's happening. Currently blocks are being solved every 7 minutes or so rather than the normal 10. At the next difficulty change, difficulty will be set to try to bring the rate to once per 10 minutes again.

if someones putting in 2ths and someones pitting in 1mhs there not getting an even share of the block so if the 2th miner increases to 6ths he will see his mining profit per block increase and the 1mhs miner will decrease

That's right per block, but not overall (per difficulty round). If the 2TH/s miner increases to 6TH/s, then the pool will find blocks at a higher rate. The 1MH/s miner will get less per block, but will see more blocks; this balances out so earnings are unchanged for the small miner. (The big miner, of course, will see higher earnings since he increased his hash rate).
aurel57
Legendary
*
Offline Offline

Activity: 1050



View Profile
October 20, 2013, 09:17:45 AM
 #12633

Not sure what happen? Miners were not down.

 
#               Block found at Duration                    Total shares                 Your shares            Your BTC reward          Block #             Block value              Validity
20474         2013-10-19 19:49:11 0:58:18         183619562                   14319                   0.00278337                 264716           25.05891520      98 confirmations left  
20473         2013-10-19 18:50:53 4:18:43         806905065                  47775                    0.00000000                 264706           25.02120000      88 confirmations left  
20472         2013-10-19 14:32:10 0:33:05         101910920                   9975                     0.00273336                 264672           25.12480605      54 confirmations left  
20471         2013-10-19 13:59:05 1:34:50        290381577                   31050                    0.00262393                 264664           25.03999643      46 confirmations left  
20470         2013-10-19 12:24:15 0:36:09        109556297                   12050                    0.00281957                 264650           25.06568921      32 confirmations left  

Comparing your fraction of shares to Total shares to mine, there is clearly a lower value for this block, perhaps your rig or internet connection had some issue towards the end of the block
Block #   Share ratio Aurel57/Kabopar
20474   1.649844452
20473   1.225817211
20472   1.936893204
20471   2.221506761
20470   2.186536019

Yes It was a internet connection issue. Have loss it a couple more times since.

██████████████████████████████████████████████
██████████████████████████████████████████████
█████                                    █████
█████                                    █████
█████                                    █████
█████           ▄█▄        ▄█▄           █████
█████          ████████████████          █████
█████           ▀████████████▀           █████
█████           ████▀    ▀████           █████
█████           ████▄    ▄████           █████
█████           ▄████████████▄           █████
█████          ████████████████          █████
█████           ▀█▀        ▀█▀           █████
█████                                    █████
█████                                    █████
█████                                    █████
██████████████████████████████████████████████
██████████████████████████████████████████████
▄██████████████████████████▄
██                        ██
██                        ██
██                        ██
██             ▄█▀███████████
██              ▀▀▀▀▀▀▀▀▀▀██▀
██                        ██
██                        ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄██████████████████████████▄
██                        ██
██                        ██
██                        ██
██                        ██
████████████████████████████
██                        ██
██                        ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄██████████████████████████▄
██                 ▄███▀  ██
██             ▄▄██▀▀  ▄█ ██
██     ▄    ▄███▀▀  ▄███  ██
██    ██▄▄██▀▀   ▄█████   ██
██   ████▀▀  ▄▄██▀▀ ▀█    ██
██  █▀▀   ▄▄██▀           ██
██    ▄▄███▀              ██
██▄▄▄████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄██████████████████████████▄
██                        ██
██  ████▄  ▄▄▄▄▄▄▄▄▄▄▄▄   ██
██     ▀█▄ ▀▀▀▀▀▀▀▀▀██    ██
██      ██         ██     ██
██       ███████████      ██
██        ▄▄     ▄▄       ██
██       ▀██▀   ▀██▀      ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄██████████████████████████▄
██                       ▄██
██                     █████
██         ▄         ███▀ ██
██       ▄███     ▄███▀   ██
██   ▄▄███▀▀███▄████▀     ██
██▄▄███▀     ▀███▀        ██
████▀                     ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄███████████▄  ██████████████
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
██████▀██████  ██████▀███████
 ▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Slesh
Member
**
Offline Offline

Activity: 103


View Profile
October 20, 2013, 10:40:06 AM
 #12634

Not sure what happen? Miners were not down.

 
#               Block found at Duration                    Total shares                 Your shares            Your BTC reward          Block #             Block value              Validity
20474         2013-10-19 19:49:11 0:58:18         183619562                   14319                   0.00278337                 264716           25.05891520      98 confirmations left 
20473         2013-10-19 18:50:53 4:18:43         806905065                  47775                    0.00000000                 264706           25.02120000      88 confirmations left 
20472         2013-10-19 14:32:10 0:33:05         101910920                   9975                     0.00273336                 264672           25.12480605      54 confirmations left 
20471         2013-10-19 13:59:05 1:34:50        290381577                   31050                    0.00262393                 264664           25.03999643      46 confirmations left 
20470         2013-10-19 12:24:15 0:36:09        109556297                   12050                    0.00281957                 264650           25.06568921      32 confirmations left 

Comparing your fraction of shares to Total shares to mine, there is clearly a lower value for this block, perhaps your rig or internet connection had some issue towards the end of the block
Block #   Share ratio Aurel57/Kabopar
20474   1.649844452
20473   1.225817211
20472   1.936893204
20471   2.221506761
20470   2.186536019

May I ask what is your rig's power in Gh/s?
Speakeron
Jr. Member
*
Offline Offline

Activity: 47


View Profile
October 20, 2013, 11:26:59 AM
 #12635

I sense that's there's a little bit of confusion about how your earnings can be independent of the pool's hashing rate and perhaps I haven't explained it very well. Best thing is to give a few examples.

First a definition: by earnings I mean the rate of income per difficulty round. This could be expressed as the average number of bitcoins earned per day over the difficulty round.

Let's assume the network hash rate is 2000 TH/s (it's higher now, but was at that a couple of weeks ago) and the difficulty round has just begun. Let's also assume that the hash rate of the Slush pool is 200 TH/s (1/10 of the total network hash rate) and you're a miner in Slush with 200 GH/s (1/1000 of Slush's hash rate).

Let's look at three scenarios:

1. The network hash rate is stable (maybe there's a world shortage of solder and nobody's shipping miners...), Slush's daily earnings are 360 bitcoins (2016 * 25 / 14 * 0.1). Your daily earnings are 0.36 bitcoins (360 / 1000). This rate continues for 14 days at which point there's a new difficulty round with the same difficulty (earnings don't change).

2. The network hash rate is stable but 200 TH/s moves from BTCGuild to Slush (for some reason). Slush now has 400 TH/s and earns 720 bitcoins per day (Slush's block rate has doubled). Your earnings are still 0.36 per day - while there are twice as many blocks now for Slush, your share of each of them has halved. Again, this difficulty round lasts for 14 days and the next one has the same difficulty (earnings don't change).

3. EvilASIC(TM) company dumps an extra 2000 TH/s on the network right at the start of the difficulty round and mines into EvilASIC pool. Network hash rate is now 4000 TH/s and there's a block every 5 minutes instead of every 10 minutes with half of the blocks going to EvilASIC. Slush's daily earnings stay the same (360 bitcoins) and so do yours, but this difficulty round will only last for 7 days instead of 14. When the new difficulty round starts, Slush's and your earnings will be halved (180 and 0.18 respectively).
gourmet
Sr. Member
****
Offline Offline

Activity: 311


View Profile
October 20, 2013, 11:31:05 AM
 #12636

Not sure what happen? Miners were not down.

 
#               Block found at Duration                    Total shares                 Your shares            Your BTC reward          Block #             Block value              Validity
20474         2013-10-19 19:49:11 0:58:18         183619562                   14319                   0.00278337                 264716           25.05891520      98 confirmations left 
20473         2013-10-19 18:50:53 4:18:43         806905065                  47775                    0.00000000                 264706           25.02120000      88 confirmations left 
20472         2013-10-19 14:32:10 0:33:05         101910920                   9975                     0.00273336                 264672           25.12480605      54 confirmations left 
20471         2013-10-19 13:59:05 1:34:50        290381577                   31050                    0.00262393                 264664           25.03999643      46 confirmations left 
20470         2013-10-19 12:24:15 0:36:09        109556297                   12050                    0.00281957                 264650           25.06568921      32 confirmations left 

Comparing your fraction of shares to Total shares to mine, there is clearly a lower value for this block, perhaps your rig or internet connection had some issue towards the end of the block
Block #   Share ratio Aurel57/Kabopar
20474   1.649844452
20473   1.225817211
20472   1.936893204
20471   2.221506761
20470   2.186536019

Yes I think that must be what happened. I had noticed the big drop in shares as well.


According to the ratios, the drop had started during the round 20473, and continued to round 20474. The latter round's reward may not have been affected, as the dropout only occured in its beginning. The former one, OTOH, has been ruined completely, as the dropout covered its end.
aurel57
Legendary
*
Offline Offline

Activity: 1050



View Profile
October 20, 2013, 11:48:31 AM
 #12637

Not sure what happen? Miners were not down.

 
#               Block found at Duration                    Total shares                 Your shares            Your BTC reward          Block #             Block value              Validity
20474         2013-10-19 19:49:11 0:58:18         183619562                   14319                   0.00278337                 264716           25.05891520      98 confirmations left 
20473         2013-10-19 18:50:53 4:18:43         806905065                  47775                    0.00000000                 264706           25.02120000      88 confirmations left 
20472         2013-10-19 14:32:10 0:33:05         101910920                   9975                     0.00273336                 264672           25.12480605      54 confirmations left 
20471         2013-10-19 13:59:05 1:34:50        290381577                   31050                    0.00262393                 264664           25.03999643      46 confirmations left 
20470         2013-10-19 12:24:15 0:36:09        109556297                   12050                    0.00281957                 264650           25.06568921      32 confirmations left 

Comparing your fraction of shares to Total shares to mine, there is clearly a lower value for this block, perhaps your rig or internet connection had some issue towards the end of the block
Block #   Share ratio Aurel57/Kabopar
20474   1.649844452
20473   1.225817211
20472   1.936893204
20471   2.221506761
20470   2.186536019

Yes I think that must be what happened. I had noticed the big drop in shares as well.


According to the ratios, the drop had started during the round 20473, and continued to round 20474. The latter round's reward may not have been affected, as the dropout only occured in its beginning. The former one, OTOH, has been ruined completely, as the dropout covered its end.
Yes I have been watching and now see my phone company must be having issues as I have loss internet a couple times since. Loss it for 5+ hours last night (at least it was over that 5 hour block) The miners start back up and its hard to know what happens if you don't catch it. I am mining with 70 USB miners at about 23.6 GHS

██████████████████████████████████████████████
██████████████████████████████████████████████
█████                                    █████
█████                                    █████
█████                                    █████
█████           ▄█▄        ▄█▄           █████
█████          ████████████████          █████
█████           ▀████████████▀           █████
█████           ████▀    ▀████           █████
█████           ████▄    ▄████           █████
█████           ▄████████████▄           █████
█████          ████████████████          █████
█████           ▀█▀        ▀█▀           █████
█████                                    █████
█████                                    █████
█████                                    █████
██████████████████████████████████████████████
██████████████████████████████████████████████
▄██████████████████████████▄
██                        ██
██                        ██
██                        ██
██             ▄█▀███████████
██              ▀▀▀▀▀▀▀▀▀▀██▀
██                        ██
██                        ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄██████████████████████████▄
██                        ██
██                        ██
██                        ██
██                        ██
████████████████████████████
██                        ██
██                        ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄██████████████████████████▄
██                 ▄███▀  ██
██             ▄▄██▀▀  ▄█ ██
██     ▄    ▄███▀▀  ▄███  ██
██    ██▄▄██▀▀   ▄█████   ██
██   ████▀▀  ▄▄██▀▀ ▀█    ██
██  █▀▀   ▄▄██▀           ██
██    ▄▄███▀              ██
██▄▄▄████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄██████████████████████████▄
██                        ██
██  ████▄  ▄▄▄▄▄▄▄▄▄▄▄▄   ██
██     ▀█▄ ▀▀▀▀▀▀▀▀▀██    ██
██      ██         ██     ██
██       ███████████      ██
██        ▄▄     ▄▄       ██
██       ▀██▀   ▀██▀      ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄██████████████████████████▄
██                       ▄██
██                     █████
██         ▄         ███▀ ██
██       ▄███     ▄███▀   ██
██   ▄▄███▀▀███▄████▀     ██
██▄▄███▀     ▀███▀        ██
████▀                     ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

▄███████████▄  ██████████████
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
█           █  █            █
██████▀██████  ██████▀███████
 ▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀
gourmet
Sr. Member
****
Offline Offline

Activity: 311


View Profile
October 20, 2013, 12:06:12 PM
 #12638

I sense that's there's a little bit of confusion about how your earnings can be independent of the pool's hashing rate and perhaps I haven't explained it very well. Best thing is to give a few examples.

First a definition: by earnings I mean the rate of income per difficulty round. This could be expressed as the average number of bitcoins earned per day over the difficulty round.

Let's assume the network hash rate is 2000 TH/s (it's higher now, but was at that a couple of weeks ago) and the difficulty round has just begun. Let's also assume that the hash rate of the Slush pool is 200 TH/s (1/10 of the total network hash rate) and you're a miner in Slush with 200 GH/s (1/1000 of Slush's hash rate).

Let's look at three scenarios:

1. The network hash rate is stable (maybe there's a world shortage of solder and nobody's shipping miners...), Slush's daily earnings are 360 bitcoins (2016 * 25 / 14 * 0.1). Your daily earnings are 0.36 bitcoins (360 / 1000). This rate continues for 14 days at which point there's a new difficulty round with the same difficulty (earnings don't change).

2. The network hash rate is stable but 200 TH/s moves from BTCGuild to Slush (for some reason). Slush now has 400 TH/s and earns 720 bitcoins per day (Slush's block rate has doubled). Your earnings are still 0.36 per day - while there are twice as many blocks now for Slush, your share of each of them has halved. Again, this difficulty round lasts for 14 days and the next one has the same difficulty (earnings don't change).

3. EvilASIC(TM) company dumps an extra 2000 TH/s on the network right at the start of the difficulty round and mines into EvilASIC pool. Network hash rate is now 4000 TH/s and there's a block every 5 minutes instead of every 10 minutes with half of the blocks going to EvilASIC. Slush's daily earnings stay the same (360 bitcoins) and so do yours, but this difficulty round will only last for 7 days instead of 14. When the new difficulty round starts, Slush's and your earnings will be halved (180 and 0.18 respectively).


Thank you. Looks like it's necessary to make a post like this from time to time.
Once a month or so there appear one or more miners here who don't catch the principle. They post a nonsense of some kind here, and instead of doing some reading, they claim the explanation here.
Fortunately, somebody always appears here who is willing to make a new explainig post, again and again.. ;-)
Interestingly, it's often a junior member willing to give away his time, energy and knowledge, and to explain the mechanism to some older, but too a lazy member. :-))
vm1990
Legendary
*
Offline Offline

Activity: 1092


bloginhell.me


View Profile WWW
October 20, 2013, 11:58:49 PM
 #12639

the only reason the block times are closer to 7 mins instead of 10 is because of the vast amount of hashing power coming online recently.. in the last month or so its doubled the network speed and bitcoin couldnt predict it so has to wait for the next difficulty re-target to compensate. the next retarget will be a pretty steep one to as bitcoin is now going try to compensate for the massive increase in the last retarget

▄▄▄▄▄▄
▄▄▄▄
▄▄
▄▄▄▄▄▄
▄▄▄▄
▄▄
▄▄▄▄▄▄
▄▄▄▄
▄▄
.JOIN THE CLUB !
 Bitcointalk.club
▄▄▄▄▄▄
▄▄▄▄
▄▄
BLOG:  www.bloginhell.me        BTC: 192tyaiwWxJ2UhSxUCbQW4JuA3Le5CEhWH                 Free 5GB Storage Cloud.Bloginhell.me 
BuhTuglia
Full Member
***
Offline Offline

Activity: 137



View Profile WWW
October 21, 2013, 02:17:12 AM
 #12640


What is the best powered hub for Eruptor, or other USB miners?


Just another dust miner... Enquiring Gnomes want to Mine!
Send nothing to 16SVa2iQA6HuNPDGYShpmeEvUBRi2gW7f1
Pages: « 1 ... 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 [632] 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 ... 1104 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!