[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool

[kabopar]

Oh, great, now the network difficulty has just changed again.  3.81G.

22% jump

[bobby555]

Oh, great, now the network difficulty has just changed again.  3.81G.

22% jump

Shouldnt the Difficulty level out seeing as at the point were it gets so hard no one will bother mining and how would bitcoin work when no computers are there for the transactions?

I bet this is a noob question, but hey im a noob.

[EasyQuest]

Still mining on Slush with just 12.5 GH/s I had 240 GH/s going but sold miners just a few days ago. Scrypt mining FTW

[tk34]

It shows me mining on slush but I have no miners pointed there...odd

[Sir Alan]

It shows me mining on slush but I have no miners pointed there...odd

Perhaps you have Slush as the fallback, and it's switched over for some reason?

[anthem]

or check that you have actually committed your changes to the configuration. . .

BTC is currently bageling the last 2.5 hours which is equivalent to a 16.5 hour round so far here. ..
 
I find the break even point between the two is somewhere between 3 to 4 blocks.  If slush solves more than 4 blocks in a 24 hour period, its payout is greater than BTC-G. .   If its less than 4 blocks, then BTC-G pays more. .     BTC doesn't vary much over any 24 hour period because of its size, but slush can solve 2 blocks or 9 blocks.  So when its a large number of blocks, Slush wins big. .   but generally they are very close to each other in terms of payout performance.

[tk34]

It shows me mining on slush but I have no miners pointed there...odd

Perhaps you have Slush as the fallback, and it's switched over for some reason?

Thats what I thought to and checked all 4 antminers...I have no failovers pointed at Slush currently, but it is showing my hash rate at 400gh/s currently..I switched over about 2 days ago and all blocks I worked on have been confirmed...but just odd showing me giving shares I wont complain lol

**I applied the configs and such, I even gave each antminer a reboot(before reading your comment). I thought it was some gear I got rid of awhile back maybe they didnt change the credentials,but never 400gigahash worth

[bspurloc]

Still mining on Slush with just 12.5 GH/s I had 240 GH/s going but sold miners just a few days ago. Scrypt mining FTW

explain more of Scrypt mining! point me to the gold

[Skydaddy]

can somebody do some magic so we can have better luck?

As long as it's not "Magic The Gathering Online Exchange" . We don't need any more of that!

[ccynthia]

Still mining on Slush with just 12.5 GH/s I had 240 GH/s going but sold miners just a few days ago. Scrypt mining FTW

explain more of Scrypt mining! point me to the gold

I'd like to know also. I've been trying to figure it out but can't get connections - always get an error. I like the new btc scryptguild site but......

Some day will get it. Will leave 100 ghs on slush though as always have.

[KNK]

It seems some people start to get it - our hashrate increases after some bad luck instead of when we got a good luck ... I hope this will help crossing the 900TH line and show that, it's not a limit in any way, so here is a prediction:
 This round (currently 1h 8min) will last between 1h 30min and 2h 15min
 There will be at least 2 rounds below 3h in the next ~14h (by 13:00 UTC)

[EasyQuest]

Still mining on Slush with just 12.5 GH/s I had 240 GH/s going but sold miners just a few days ago. Scrypt mining FTW

explain more of Scrypt mining! point me to the gold

Scrypt mining is different from SHA-256 mining in that scrypt uses a different algorithm to calculate blocks. Hashing wise scrypt is one-thousandth to SHA-256.

Example in Bitcoin, you have 10 GH/s of hashing power in Litecoin, scrypt is 10 MH/s or a one-thousandth of Bitcoin, although the proportion earn of money from bitcoin to litecoin is quite different.

Another example
==========
My Litecoin rigs are hashing 19.3 MH/s I earn $83.27 per day before electric bill. (That will change)

A bitcoin miner will need about 1,150 GH/s (1.150 TH/s) to earn the same amount before electric bill. (Of course that will change too later)

I am using GPUs for Litecoin mining and Bitcoin are ASIC territory obviously.

Bitcoin ASIC can only mine bitcoin and other SHA-256 coins and not scrypt coins.

There are scrypt mining ASIC but they are not worth the purchase now, cheaper to buy GPUs and GPU has a resale value compare to ASICs.

[PostMixer]

It seems some people start to get it - our hashrate increases after some bad luck instead of when we got a good luck ... I hope this will help crossing the 900TH line and show that, it's not a limit in any way, so here is a prediction:
 This round (currently 1h 8min) will last between 1h 30min and 2h 15min
 There will be at least 2 rounds below 3h in the next ~14h (by 13:00 UTC)

And........ Nope

[Trefdraeth]

It seems some people start to get it - our hashrate increases after some bad luck instead of when we got a good luck ... I hope this will help crossing the 900TH line and show that, it's not a limit in any way, so here is a prediction:
 This round (currently 1h 8min) will last between 1h 30min and 2h 15min
 There will be at least 2 rounds below 3h in the next ~14h (by 13:00 UTC)

And........ Nope

Yet.....

[kabopar]

Oh, great, now the network difficulty has just changed again.  3.81G.

22% jump

Shouldnt the Difficulty level out seeing as at the point were it gets so hard no one will bother mining and how would bitcoin work when no computers are there for the transactions?

I bet this is a noob question, but hey im a noob.

If people stopped mining, then difficulty level would go down.  This is not likely, as there is current investment in new mining equipment and network hash rate is more likely to keep increasing rather than the other way round.  Connections to the network for transactions do not have to be associated with mining, for example if you set up a wallet and bought some BTC without any mining involved.

Cheers

[EdB666]

It seems some people start to get it - our hashrate increases after some bad luck instead of when we got a good luck ... I hope this will help crossing the 900TH line and show that, it's not a limit in any way, so here is a prediction:
 This round (currently 1h 8min) will last between 1h 30min and 2h 15min
 There will be at least 2 rounds below 3h in the next ~14h (by 13:00 UTC)

And........ Nope

Yet.....

Well, there's one very sub-3 hour block 

[ponchoman]

Oh My!

It has probably doubled since this post hehe

This pool really has 850 TH ?
Is 850 TH on the top end or is their a larger pool ?

At the time of writing it's up to 869 TH/s.  It did top 900 before we had a run of bad luck and some people ran away.

Some pools are much bigger: BTCguild is currently 5206 TH/s, and other are larger still, but I CBA to look them up. 

[nukka33]

3 blocks in 1hr - what an absolute madness!

 

 

 

[PostMixer]

It seems some people start to get it - our hashrate increases after some bad luck instead of when we got a good luck ... I hope this will help crossing the 900TH line and show that, it's not a limit in any way, so here is a prediction:
 This round (currently 1h 8min) will last between 1h 30min and 2h 15min
 There will be at least 2 rounds below 3h in the next ~14h (by 13:00 UTC)

My apologies KNK, It appears I may have spoken to soon. (Technically that first block was pretty well past the 2h 15min mark )
But you nailed the turn in luck prediction

[mayne]

finally ty for whoever did some magic for better luck