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Question: What type of pool payouts do you prefer?
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Total Voters: 4002

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Author Topic: [2+ EH] Slush Pool (slushpool.com); World's First Mining Pool  (Read 4324067 times)
KNK
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February 07, 2014, 06:59:15 PM
 #14701

Just as a newbie matter of interest, how is it that it takes 100 confirmations to get into ones account, but from the instigation of the transfer to your wallet, it only takes minutes - surely, then payout has to go through the blockchain as well, but perhaps ones wallet only requires a lesser number of confirmations..............?
As an experiment for you ...
Once you receive your payment try to spend it before there are 120 confirmations ...

The bitcoin protocol requires 120 confirmations in order to accept a transaction as valid, which comes from the fact that there should be 120 blocks based on this one (which includes the transaction) to accept it as valid and part of the longest chain.

Yes, there are 120 not 100 confirmations required, so in fact the pool pays your reward before it is truly accepted as valid and you can't spend the money you got for a much longer period

BTC tips: 1KNK1akhpethhtcyhKTF2d3PWTQDUWUzHE
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KNK
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February 07, 2014, 07:03:49 PM
 #14702


In my post i was referring to the last sentence there 'The classic bitcoin client won't show generated coins as confirmed until the 120th block.', because that means at least (big) part of the network will not accept your transaction before those 120 blocks

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February 07, 2014, 08:23:12 PM
 #14703

This current "Luck"....is outright RETARDED.  Huge % drops in 7 & 30 DMA.  

It's funny because a few pages back, well maybe a few weeks ago, someone was giving me a bunch of shit because I was saying that complaining about "luck" is on topic. They were trying to say comments about luck were meaningless. I dunno, I've long speculated that our luck drops heavily when there is a technical problem backstage that we are unaware of, part of this has to do with the consecutive long blocks and when they clear up we usually have a run of incredibly good luck. I've also noticed, for whatever reason, blocks seem longer on the weekends. These types of pattern always seem to me like there's more to it than pure forces of luck. I do wonder right now if there's some issue with our pool that we just don't know about...


Luck :success or failure apparently brought by chance rather than through one's own actions.
 
And I still say complaining about "luck" is meaningless. I never said complaining about technical issues was! And if your own analysis of patterns of slow weekends, ect… leads you to believe that there are background issues then I respect that. I think my broader point was "luck" as defined above, isn't something you really can complain about, because it's by chance rather than by action. Either way I see you are still here so you must have "Faith" and that's a WHOLE different thing  Cheesy

I won't ask for donations but I will ask for help. And I won't give donations but I will help if I can.
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February 07, 2014, 09:09:55 PM
 #14704

looks like a couple of folks more left the building... below 800 now
Mudbankkeith
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February 07, 2014, 09:17:01 PM
 #14705

looks like a couple of folks more left the building... below 800 now

There are some heavy storms around at the moment, lots of power outages in south east Europe, maybe that could account for some of the missing users.

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
shazo
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February 07, 2014, 09:37:02 PM
 #14706

I wonder if the luck has to do with the price drop or if the price drop has to do with how bad the luck was. Also I wonder if the miners will drop in price now.
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February 07, 2014, 10:04:33 PM
 #14707

I wonder if the luck has to do with the price drop or if the price drop has to do with how bad the luck was. Also I wonder if the miners will drop in price now.

Miners priced in BTc are already falling

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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February 07, 2014, 10:09:10 PM
 #14708

I wonder if the luck has to do with the price drop or if the price drop has to do with how bad the luck was. Also I wonder if the miners will drop in price now.



Miners priced in BTc are already falling

Guess now would be the time to buy some coins and buy an s1. Only miner that isn't going for thousands of dollars are the ants also they are to only ones I have been able to find for bitcoins.
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February 07, 2014, 11:14:58 PM
 #14709

I wonder if the luck has to do with the price drop or if the price drop has to do with how bad the luck was. Also I wonder if the miners will drop in price now.

Price drop of BTC is because of 2 reasons.

1. Russia deemed BTC illegal
http://rt.com/business/bitcoin-russia-use-ban-942/

2. MtGox went down.
https://www.mtgox.com/press_release_20140207.html

Both are bad...
Stop looking at your HashRate, and Pool Luck...
Start watching the news...!
Heat is on....
shazo
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February 08, 2014, 12:15:26 AM
 #14710

I wonder if the luck has to do with the price drop or if the price drop has to do with how bad the luck was. Also I wonder if the miners will drop in price now.

Price drop of BTC is because of 2 reasons.

1. Russia deemed BTC illegal
http://rt.com/business/bitcoin-russia-use-ban-942/

2. MtGox went down.
https://www.mtgox.com/press_release_20140207.html

Both are bad...
Stop looking at your HashRate, and Pool Luck...
Start watching the news...!
Heat is on....

I saw online about it dropping just before I made the post.  The article that I read said MtGox went down and something about servers over seas.  I'm thinking that had more to do with the MtGox going down.  Thought maybe because of that going down and price dropping might be in part as to why the issues were on Slush.  I didn't know that about Russia.  I didn't even Know prices went down till I saw that article and nothing about Russia was said.  Glad to see things are getting back to normal on Slush.  Also all the news in the St. Louis area is saying about Bitcoin is Apple took an app off the market and some places in the area are now taking them.
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February 08, 2014, 12:57:54 AM
 #14711

Special cause events like regulation will pass in time, long-term trend is upwards. Just like China regulation and pricing this will pass over. Either way, too much upside to not be involved, watch the news in context of knowing that negative reporting sells more advertisements than positive.
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February 08, 2014, 03:18:40 AM
 #14712

wow - has anyone ever seen a dead even 25 btc block value before ?  I have never seen a dead even block value of 25 ever. .   I always thought it was 25 + some sort of residual value and that 25 even was not possible. . guess I was wrong.
Trongersoll
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February 08, 2014, 04:00:49 AM
 #14713

wow - has anyone ever seen a dead even 25 btc block value before ?  I have never seen a dead even block value of 25 ever. .   I always thought it was 25 + some sort of residual value and that 25 even was not possible. . guess I was wrong.

It is 25 BTC + transaction fees. It is possible to make a block with no transactions in it or only free transactions.
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February 08, 2014, 04:03:40 AM
 #14714

wow - has anyone ever seen a dead even 25 btc block value before ?  I have never seen a dead even block value of 25 ever. .   I always thought it was 25 + some sort of residual value and that 25 even was not possible. . guess I was wrong.

Yeah the 25.00000000 result - block 284724
http://blockchain.info/block/0000000000000000c20dd89c1a4b73287bad70792b186d044f128761eca1902a?site=slush

is noteworthy

This space kept free of spammage, scammage, begging and affiliate linking
BuhTuglia
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February 08, 2014, 04:28:50 AM
 #14715


I'M UNCOMPLAINING! I'M UNCOMPLAINING! Thank you, benevolent bitcoin god! Thank you!

Just another dust miner... Enquiring Gnomes want to Mine!
Send nothing to 16SVa2iQA6HuNPDGYShpmeEvUBRi2gW7f1
STT
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February 08, 2014, 07:20:18 AM
 #14716

Funny one of the presenters on Russia Today funded by the kremlin has launched a crypto coin.    China ban was for companies not personal use, Russia verdict sounds worse


The no fee block was 18 seconds in the making which I guess explains the lack of traffic in the that time

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KNK
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February 08, 2014, 09:49:32 AM
 #14717

I'M UNCOMPLAINING! I'M UNCOMPLAINING! Thank you, benevolent bitcoin god! Thank you!

Only one for 199% luck? Smiley

BTC tips: 1KNK1akhpethhtcyhKTF2d3PWTQDUWUzHE
EdB666
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February 08, 2014, 11:30:02 AM
 #14718

I'M UNCOMPLAINING! I'M UNCOMPLAINING! Thank you, benevolent bitcoin god! Thank you!

Only one for 199% luck? Smiley

I bet the conspiracy theorists and complainers that ran to another pool are kicking themselves now, especially since the hashrate fell by about 10% and our payouts went up.
KNK
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February 08, 2014, 11:43:04 AM
 #14719

That's the advantage of the bad luck - it leaves less people in the pool to share to good luck Smiley

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Searing
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February 08, 2014, 11:57:53 AM
 #14720

I'M UNCOMPLAINING! I'M UNCOMPLAINING! Thank you, benevolent bitcoin god! Thank you!

Only one for 199% luck? Smiley

I bet the conspiracy theorists and complainers that ran to another pool are kicking themselves now, especially since the hashrate fell by about 10% and our payouts went up.

ah ..i knew being lazy and clueless about all this would pay off (not really)....lazy i mean in changing pools ....clueless on the voodoo and chicken entrails needed to figure out how pool luck works...and all this other mystical bitcoin stuff...

anyway not having any real idea of what is going on and not changing anything worked for me again!

yea apathy!

Searing (my life is sad sad sad)

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