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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 3852696 times)
NayemQ
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January 29, 2014, 04:14:55 AM
 #14501

Hey guys I'm mining using the Block Erupter Blade using Slush's Pool via mining proxy and my miners stop mining suddenly and it keeps going on and off Sad Sad


Like it mines really well for 5 mins and then it stops (see image below)

http://i59.tinypic.com/2wm0v1d.png

I even tried switching to BTC Guild, but I have the same problem.

Any suggestions? Any help would be greatly appreciated.   
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January 29, 2014, 04:51:17 AM
 #14502

Hey guys I'm mining using the Block Erupter Blade using Slush's Pool via mining proxy and my miners stop mining suddenly and it keeps going on and off Sad Sad


Like it mines really well for 5 mins and then it stops (see image below)

http://i59.tinypic.com/2wm0v1d.png

I even tried switching to BTC Guild, but I have the same problem.

Any suggestions? Any help would be greatly appreciated.   


 could be a bad power supply or overheating

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
aurel57
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January 29, 2014, 05:06:06 PM
 #14503

Hey guys I'm mining using the Block Erupter Blade using Slush's Pool via mining proxy and my miners stop mining suddenly and it keeps going on and off Sad Sad


Like it mines really well for 5 mins and then it stops (see image below)

http://i59.tinypic.com/2wm0v1d.png

I even tried switching to BTC Guild, but I have the same problem.

Any suggestions? Any help would be greatly appreciated.   

How  many miners are you running and on what kind of powered hub? How many per hub and what is amp rating of the wall power adaptor?


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BuhTuglia
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January 30, 2014, 12:35:57 AM
 #14504


Terribly expensive...
Typical "looking for the greater fool" sale (approx. less than 60% ROI)...

I think by now it's safe to say it's impossible not to get a "greater fool" sale on EBay, as well as any shipping-ready low-end/medium-end hardware from a manufacturer. The only people making money there are the resellers.
Nothing on the market (ready-to-ship) seems to be even remotely able to ROI.
Everything else (high-priced pre-order gear) is the usual gamble.

IMHO if you have 900 quid to spend, buy BTC directly at a price you deem attractive.

I agree. During the gold rush those making the most money were those selling the tools. With difficulty shooting for the moon the 10 GH/s blades I'm running will be obsolete soon. Anyone paying more than $10 a G/Hs is sure to loose money.

You know this thinking is fundamentally flawed, right? "Anyone paying more than $10 a g/his is sure to lose money". Under-schooled message forum economists have been saying that for months now, but the truth is nobody knows the future value of BTC, which if trending upwards blows your entire theory out of the water. Buying in BTC is one thing, and mining versus trading carry opportunity costs as any decision does, but you put it in terms of dollar returns and it's entirely based on a future value unknown. The misinformation is so widespread here I know it's pointless to try to enlighten folks, but if BTC goes up in value a lot of people will find themselves wearing The Emporer's New Clothes, hope you like the fit.

I'll concede that you may be correct. But only as far as wishing for a miracle. Even if BTC starts trading at $10,000 there is so much hashing power being added any ASIC we can buy will never reach ROI. Do you think the >20% increase in difficulty every 2k blocks is from people buying ASIC's on eBay? There are one or more entities out there pumping up some serious data centers full of ASICs. My theory is it is the outfit that was selling the ASICMiner Erupter Blades and Cubes. I can't remember who that was, one name leading the group was Friedkat or something, supposedly they started selling these units because they reached 30% of hashing power and for the health of the network stopped building and sold units instead. Supposedly they stopped selling them now because they "are working on a new model" Yeah, right, stop selling a profitable unit...my arse. GHash.IO exploded on the scene, so these guys stopped selling chips and resumed building. The two of them and probably others are in an arms race for the most coin, squashing us with these rises in difficulty, whatever the cause is I am far from being fundamentally flawed.

And the little guy is just getting squeezed out, further and further. I keep a spreadsheet of Bitcoin CZ, of all the blocks and times, and average them by day, and it's been interesting and depressing to watch the time-to-find-a-block rise and rise, as the daily reward lowers, and not just because of the difficulty rise. The problem I think, and I'm sorry if this makes me sound like a whiny baby, but the problem is big business seeing yet more dollar signs to reap/rape, and millions being invested by them, etc. I just hope that they are as disappointed as I am when all their hardware is useless crap because of a few more block reductions, difficulty in the trillions and so on. I'm sure they'll find some other soft virgin flesh to tear into at that time. Greed is what drives the world, I guess, and I even admit to my share, but hell, all I wanted was my share. This time a year ago, price of BtC notwithstanding, my share was still pretty good. I've got ten times the hash power now, and I'm not doing crap. Well, it was fun while it lasted.

BTW, that pool that's now the largest, I can't remember the name, the one that has got over the 51% barrier, is that a private pool?

russell

Just another dust miner... Enquiring Gnomes want to Mine!
Send nothing to 16SVa2iQA6HuNPDGYShpmeEvUBRi2gW7f1
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January 30, 2014, 01:16:59 AM
 #14505

BTW, that pool that's now the largest, I can't remember the name, the one that has got over the 51% barrier, is that a private pool?

russell


I think you mean GHash.IO? They're the largest at the moment. They never got to 40%, and they've slowly been dropping for the last couple of weeks.

Details: https://bitcointalk.org/index.php?topic=77000.msg855078#msg855078


DeepBit did hit 50% in mid 2011 though.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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BuhTuglia
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January 30, 2014, 02:34:59 AM
 #14506

BTW, that pool that's now the largest, I can't remember the name, the one that has got over the 51% barrier, is that a private pool?

russell


I think you mean GHash.IO? They're the largest at the moment. They never got to 40%, and they've slowly been dropping for the last couple of weeks.

Details: https://bitcointalk.org/index.php?topic=77000.msg855078#msg855078


DeepBit did hit 50% in mid 2011 though.

Yes, that's the one, Deepbit. Thank you.

Just another dust miner... Enquiring Gnomes want to Mine!
Send nothing to 16SVa2iQA6HuNPDGYShpmeEvUBRi2gW7f1
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January 30, 2014, 09:57:24 AM
 #14507

I have like 0.004 btc left in my account (beer money is always good), but can't pay it out. Can I send funds to my account to circumvent the minimum payment requirement?
Mudbankkeith
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January 30, 2014, 10:39:24 AM
 #14508

I have like 0.004 btc left in my account (beer money is always good), but can't pay it out. Can I send funds to my account to circumvent the minimum payment requirement?

Set your payout limit very high
Run some miners till you have more than the minimum payout
Then reduce your payout to the actual amount in the account

or sell your account details to a friend

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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January 30, 2014, 11:22:10 AM
 #14509

I agree. During the gold rush those making the most money were those selling the tools. With difficulty shooting for the moon the 10 GH/s blades I'm running will be obsolete soon. Anyone paying more than $10 a G/Hs is sure to loose money.

You know this thinking is fundamentally flawed, right? "Anyone paying more than $10 a g/his is sure to lose money". Under-schooled message forum economists have been saying that for months now, but the truth is nobody knows the future value of BTC, which if trending upwards blows your entire theory out of the water. Buying in BTC is one thing, and mining versus trading carry opportunity costs as any decision does, but you put it in terms of dollar returns and it's entirely based on a future value unknown. The misinformation is so widespread here I know it's pointless to try to enlighten folks, but if BTC goes up in value a lot of people will find themselves wearing The Emporer's New Clothes, hope you like the fit.

I'll concede that you may be correct. But only as far as wishing for a miracle. Even if BTC starts trading at $10,000 there is so much hashing power being added any ASIC we can buy will never reach ROI. Do you think the >20% increase in difficulty every 2k blocks is from people buying ASIC's on eBay? There are one or more entities out there pumping up some serious data centers full of ASICs. My theory is it is the outfit that was selling the ASICMiner Erupter Blades and Cubes. I can't remember who that was, one name leading the group was Friedkat or something, supposedly they started selling these units because they reached 30% of hashing power and for the health of the network stopped building and sold units instead. Supposedly they stopped selling them now because they "are working on a new model" Yeah, right, stop selling a profitable unit...my arse. GHash.IO exploded on the scene, so these guys stopped selling chips and resumed building. The two of them and probably others are in an arms race for the most coin, squashing us with these rises in difficulty, whatever the cause is I am far from being fundamentally flawed.

It's a nice fairy-tale to speak about taking into account furure BTC exchange rate.
But you buy the equipment today, for today's price. The equipment can mine limited amount of BTC during its life (before the difficulty eliminates any reasonable output). If you can buy the same amount of BTC for less $$ than the equipment today, it's sure better way to do it. The possible future growth of exchange rate is then your gain. In the case of the minig alternative, successful waiting for exchange rate increase would only be lowering your existing loss.

[edit]
Conclusion: (At least) the small USB minig devices that are available online now for delivery are overpriced, sometimes even several times their real value.
Savaron
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January 30, 2014, 12:48:26 PM
 #14510

I have like 0.004 btc left in my account (beer money is always good), but can't pay it out. Can I send funds to my account to circumvent the minimum payment requirement?

Set your payout limit very high
Run some miners till you have more than the minimum payout
Then reduce your payout to the actual amount in the account

or sell your account details to a friend


I haven't mined in two years, so thats not an available options. No friends interested in bitcoin and I doubt anyone is interested, as it's only like three fiddy. Are those my only options?
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January 30, 2014, 02:44:26 PM
 #14511

another option:

you could buy some hashing power via ebay and let them mine until you reached the payment limit.


OR let the bitcoins they have mined sit and gamble if bitcoins grow in their value.


have you tried contacting the pool supprt and asking if theiy could make an exception and just send you the BTC?

i am the one without any idea what he is doing, also i take donations ^^
19sipb75Up3TxKxVZbXC1L1Ah238oMvKwu
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January 30, 2014, 03:02:06 PM
 #14512

I did, but didn't receive an answer yet. The higher value in fact was the reason I checked my old accounts on different mining pools as I would've thought they had lowered the minimum payout, but they probably like having those smaller amounts (which I guess are quite a few in total) tied up to their pool.
Sir Alan
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January 30, 2014, 03:15:31 PM
 #14513

... they probably like having those smaller amounts (which I guess are quite a few in total) tied up to their pool.
It's more likely to be the practical concern of not having to make vast numbers of tiny payments.  Some people would be sure to claim a few pence-worth of satoshi as soon as they earn them, which might overwhelm everything.

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January 30, 2014, 09:43:55 PM
 #14514

... they probably like having those smaller amounts (which I guess are quite a few in total) tied up to their pool.
It's more likely to be the practical concern of not having to make vast numbers of tiny payments.  Some people would be sure to claim a few pence-worth of satoshi as soon as they earn them, which might overwhelm everything.

I think so too.
Maybe one could be allowed to ask for an arbitrarily low payout say once a month?
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January 30, 2014, 11:52:12 PM
 #14515

Just started to get into bitcoin mining.  I ran for about 5 hours using an old ati 5750 and was seeing nothing in one pool till I came to Slush.  I saw a little bit and decided to get an antminer after seeing someone post about it on here.  It is working great and I have been thinking about ordering 4 more off of amazon along with a USB fan for the hub I have.  Thing that bothers me is I have read on other sites that this is now pointless in doing, and that you will never see a profit from bitcoin mining even if you were to spend thousands of dollars on equipment.  So has this just become a hobby for people or is it something that a profit can be made from?  I didn't plan on ever making enough to retire from work, but I thought I would be able to at some point make a little.  I had hoped that eventually I would be able to get 1.5 coins with out spending much on equipment so I could get me a nice new graphics card.  After that maybe find a site that I could buy more equipment with bitcoins let it run and cash in.


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January 31, 2014, 01:33:22 AM
 #14516

Just started to get into bitcoin mining.  I ran for about 5 hours using an old ati 5750 and was seeing nothing in one pool till I came to Slush.  I saw a little bit and decided to get an antminer after seeing someone post about it on here.  It is working great and I have been thinking about ordering 4 more off of amazon along with a USB fan for the hub I have.  Thing that bothers me is I have read on other sites that this is now pointless in doing, and that you will never see a profit from bitcoin mining even if you were to spend thousands of dollars on equipment.  So has this just become a hobby for people or is it something that a profit can be made from?  I didn't plan on ever making enough to retire from work, but I thought I would be able to at some point make a little.  I had hoped that eventually I would be able to get 1.5 coins with out spending much on equipment so I could get me a nice new graphics card.  After that maybe find a site that I could buy more equipment with bitcoins let it run and cash in.


Ever since the block erupters came out people said they were a wait, that people would never make their money back. Then the exchange rate went up 10 times the initial price. Nobody knows what the future holds, they only have guesses. I see the USB Ants as the current Erupters. On paper you'll probably lose, but paper doesn't know what the future holds. Just remember, As the difficulty goes up each piece of hardware you have will earn a bit less. But the price per Gh/s of new equipment should drop as the difficulty goes up.

Only you can decide what is worth it.

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
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January 31, 2014, 01:40:52 AM
 #14517

Just started to get into bitcoin mining.  I ran for about 5 hours using an old ati 5750 and was seeing nothing in one pool till I came to Slush.  I saw a little bit and decided to get an antminer after seeing someone post about it on here.  It is working great and I have been thinking about ordering 4 more off of amazon along with a USB fan for the hub I have.  Thing that bothers me is I have read on other sites that this is now pointless in doing, and that you will never see a profit from bitcoin mining even if you were to spend thousands of dollars on equipment.  So has this just become a hobby for people or is it something that a profit can be made from?  I didn't plan on ever making enough to retire from work, but I thought I would be able to at some point make a little.  I had hoped that eventually I would be able to get 1.5 coins with out spending much on equipment so I could get me a nice new graphics card.  After that maybe find a site that I could buy more equipment with bitcoins let it run and cash in.


Ever since the block erupters came out people said they were a wait, that people would never make their money back. Then the exchange rate went up 10 times the initial price. Nobody knows what the future holds, they only have guesses. I see the USB Ants as the current Erupters. On paper you'll probably lose, but paper doesn't know what the future holds. Just remember, As the difficulty goes up each piece of hardware you have will earn a bit less. But the price per Gh/s of new equipment should drop as the difficulty goes up.

Only you can decide what is worth it.

One fun thing to note is the argument people will always make:  You'd have been better off buying BTC than buying a miner.  This is mostly true, if the person doing the investing is rational, patient, and holds true to their investment decision.

I have first hand evidence of friends who I recommended not purchase miners at a certain point for that same reason.  They did so anyways.  And they made more off the miners than they would have buying BTC.  Not because of any failure in my math, but a failure in assumptions.  The "buy BTC instead" argument doesn't work if somebody would have cashed out their coins after a reasonable rise.  Such as cashing out the coins they purchased after a 30% gain.  My friends absolutely would have done that, and been happy with a $300 profit after a month.  Instead, they had to sell their coins slowly as they mined them.  They ended up more than doubling their investment because even though they sold coins continuously, they ended up selling at significantly more than a 30% gain over the price when they had purchased their miners.

So a wise, patient, and true believer, investing in BTC would be better off putting their money directly into coins, and following a strict selloff plan.  But those types of investors are rare (though many believe they are that type).  Human emotion is an extremely large factor in trading, especially on highly volatile markets like Bitcoin.

R.I.P. BTC Guild, 2011 - 2015.
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January 31, 2014, 02:05:34 AM
 #14518

One fun thing to note is the argument people will always make:  You'd have been better off buying BTC than buying a miner.  This is mostly true, if the person doing the investing is rational, patient, and holds true to their investment decision.

However, if you're trying to figure out what a fair price for an ASIC is/has been, comparing to buy and hold is the only useful way to assess your return.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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aurel57
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January 31, 2014, 02:08:58 AM
 #14519

Just started to get into bitcoin mining.  I ran for about 5 hours using an old ati 5750 and was seeing nothing in one pool till I came to Slush.  I saw a little bit and decided to get an antminer after seeing someone post about it on here.  It is working great and I have been thinking about ordering 4 more off of amazon along with a USB fan for the hub I have.  Thing that bothers me is I have read on other sites that this is now pointless in doing, and that you will never see a profit from bitcoin mining even if you were to spend thousands of dollars on equipment.  So has this just become a hobby for people or is it something that a profit can be made from?  I didn't plan on ever making enough to retire from work, but I thought I would be able to at some point make a little.  I had hoped that eventually I would be able to get 1.5 coins with out spending much on equipment so I could get me a nice new graphics card.  After that maybe find a site that I could buy more equipment with bitcoins let it run and cash in.


Ever since the block erupters came out people said they were a wait, that people would never make their money back. Then the exchange rate went up 10 times the initial price. Nobody knows what the future holds, they only have guesses. I see the USB Ants as the current Erupters. On paper you'll probably lose, but paper doesn't know what the future holds. Just remember, As the difficulty goes up each piece of hardware you have will earn a bit less. But the price per Gh/s of new equipment should drop as the difficulty goes up.

Only you can decide what is worth it.

One fun thing to note is the argument people will always make:  You'd have been better off buying BTC than buying a miner.  This is mostly true, if the person doing the investing is rational, patient, and holds true to their investment decision.

I have first hand evidence of friends who I recommended not purchase miners at a certain point for that same reason.  They did so anyways.  And they made more off the miners than they would have buying BTC.  Not because of any failure in my math, but a failure in assumptions.  The "buy BTC instead" argument doesn't work if somebody would have cashed out their coins after a reasonable rise.  Such as cashing out the coins they purchased after a 30% gain.  My friends absolutely would have done that, and been happy with a $300 profit after a month.  Instead, they had to sell their coins slowly as they mined them.  They ended up more than doubling their investment because even though they sold coins continuously, they ended up selling at significantly more than a 30% gain over the price when they had purchased their miners.

So a wise, patient, and true believer, investing in BTC would be better off putting their money directly into coins, and following a strict selloff plan.  But those types of investors are rare (though many believe they are that type).  Human emotion is an extremely large factor in trading, especially on highly volatile markets like Bitcoin.
so true! I bought 30 BTC at $130 each to buy 15 BE from Canary at 1.99 BTC each.... Then when the price of BTC hit over a $1000 and all I had was 3 BTC because I spent my  earned coins on more BE's.... I thought if I only had held onto them 30  coins instead of buying the miners... But then I would have sold the coins at ? I really don't think I wold have held out till $1000 or more before selling. It's easy to look back and think what if... But it's hard when you don't know what tomorrow brings.


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ccualumni
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January 31, 2014, 02:17:58 AM
 #14520

I am just curious what kind of money people are making on Slush's pool and whether or not I am on track for what I should be making.


I have been mining for a couple of days or so using a USB antminer and a block eruptor and have made the following:

Total reward: 0.00092755 BTC




Average hashrate in last 10 rounds: 1851 Mhash/s

Thanks
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