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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 3855806 times)
ccynthia
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February 28, 2014, 06:49:14 PM
 #15581

Still mining on Slush with just 12.5 GH/s I had 240 GH/s going but sold miners just a few days ago. Cheesy 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.
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KNK
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February 28, 2014, 07:40:15 PM
 #15582

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)

BTC tips: 1KNK1akhpethhtcyhKTF2d3PWTQDUWUzHE
EasyQuest
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February 28, 2014, 08:09:53 PM
 #15583

Still mining on Slush with just 12.5 GH/s I had 240 GH/s going but sold miners just a few days ago. Cheesy 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
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February 28, 2014, 08:44:15 PM
 #15584

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 Sad

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.
Trefdraeth
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February 28, 2014, 08:51:26 PM
 #15585

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 Sad

Yet..... Grin
kabopar
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February 28, 2014, 10:03:01 PM
 #15586

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
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February 28, 2014, 10:23:19 PM
 #15587

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 Sad

Yet..... Grin

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

1Q2Wsn4wrmg7gzSWVqDZAfWa441khqnCav
ponchoman
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February 28, 2014, 10:45:01 PM
 #15588

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.  Cool
nukka33
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February 28, 2014, 11:23:00 PM
 #15589


3 blocks in 1hr - what an absolute madness!

 Huh

 Shocked

 Grin
PostMixer
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February 28, 2014, 11:26:41 PM
 #15590

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 Smiley

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.
mayne
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February 28, 2014, 11:51:58 PM
 #15591

finally ty for whoever did some magic for better luck
EdB666
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February 28, 2014, 11:53:05 PM
 #15592

Holy crap - a 35 second block - that has to be some kind of record!

1Q2Wsn4wrmg7gzSWVqDZAfWa441khqnCav
Trongersoll
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March 01, 2014, 02:09:31 AM
 #15593

Holy crap - a 35 second block - that has to be some kind of record!

naw, i saw a 20 second block once.

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
Doge: DB22tiynvXKg7SyPpnH9jyfitKLTZb6ejc
OtherDan
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March 01, 2014, 05:47:02 AM
 #15594

Hello all,
I've been creeping around the forum as a guest for about a month, thought it was time to register and say hello. I picked up a couple of the Block Erupter Cubes that people are starting to unload, and have them up and running steadily now. I'm considering this more of a hobby than anything, though I'd love to make back equipment costs at some point. Happy to be hashing away in the pool.

Does anyone have any resources for calculating the expected payout for a round? I was working on the 21 hour block a couple days ago, and my network gave out while I was at work. My cubes mined all but the last 3 hours, and my payout was flat 0. With the exponential scoring system and only about 65GH/s on such a long round, I suppose that it's possible that my score from earlier in the round would be negligible by the final hour. 21 hours sucks, but getting nothing for the work sucks even more. I'd like to check their numbers, but the temporal component of this has me a little stumped as to how to calculate the final scores to determine the ratio. What I know:

Last share for block 21737 submitted at 2014-02-25 10:19:18, while the block was found at 2014-02-25 13:31:15.
Total shares        My Shares  Reward
15542850503   1168448   0.00000000

Thanks in advance for any help on this.

On a side note, reading about bitcoin in the news every day, I can't help thinking of Fight Club. I keep mentally replaying that scene at the end where the narrator says to Marla, "You met me at a very strange time in my life," while all the buildings are crashing to the ground Smiley
gourmet
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March 01, 2014, 07:07:04 AM
 #15595

Hello all,
I've been creeping around the forum as a guest for about a month, thought it was time to register and say hello. I picked up a couple of the Block Erupter Cubes that people are starting to unload, and have them up and running steadily now. I'm considering this more of a hobby than anything, though I'd love to make back equipment costs at some point. Happy to be hashing away in the pool.

Does anyone have any resources for calculating the expected payout for a round? I was working on the 21 hour block a couple days ago, and my network gave out while I was at work. My cubes mined all but the last 3 hours, and my payout was flat 0. With the exponential scoring system and only about 65GH/s on such a long round, I suppose that it's possible that my score from earlier in the round would be negligible by the final hour. 21 hours sucks, but getting nothing for the work sucks even more. I'd like to check their numbers, but the temporal component of this has me a little stumped as to how to calculate the final scores to determine the ratio. What I know:

Last share for block 21737 submitted at 2014-02-25 10:19:18, while the block was found at 2014-02-25 13:31:15.
Total shares        My Shares  Reward
15542850503   1168448   0.00000000

Thanks in advance for any help on this.

On a side note, reading about bitcoin in the news every day, I can't help thinking of Fight Club. I keep mentally replaying that scene at the end where the narrator says to Marla, "You met me at a very strange time in my life," while all the buildings are crashing to the ground Smiley

If you have been creeping around the forum as a guest for about a month as you are saying, you must have read more than one post about zero reward after disconnecting before the round end. In fact, it takes significantly less than one hour for your score to become negligible. Otherwise the anti-hopping effect wouln't work. So posting your share counts has no sense at these circumstances.
J_Dubbs
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March 01, 2014, 07:19:54 AM
 #15596

From Facebook:

Slush's pool
37 minutes ago
Good news, we have setup a new EU stratum server today as a replacement for the original one.

Now we need to wonder, would someone replace something if there wasn't a problem with it? Backstage issues, long blocks, yup...

I don't care because I'm swamped with work, haven't been checking often. Hopefully we see the problem lifted and shorter rounds start happening...

can you please show us with X's and O's how back end  hardware causes long blocks.

my request of u is as loony as...

Yeah isn't it funny how they repair the server, then the rounds get short and our luck improves drastically and immediately?!

Why do I feel like so many people are in denial about the fact technical issues are very likely tied to our long blocks? Lot of IT guys in this thread or what? Afraid to consider exploration of the unknown grey area we cannot see? Try just for a moment to imagine like you don't have all the answers, and that maybe the number sold to us as "luck" does not represent factors of pure un-corrupted chance probability. Pay attention next time our luck takes a major nosedive, usually we get an announcement about a technical issue that was being resolved, or a DDOS attack being fended off. I'm fine with it, no plans to leave the pool, but I think too many people here reach for their rifles when people ask questions or make suggestions- what's the harm in a reasonable hypothesis about a backstage technical issue impacting our performance? People come here bitching about luck, but luck isn't truly "luck" if it's caused by a technical issue.

Anyways, now that they resolved the technical issues I am glad to see our "luck" is back to where it should be. On the other hand, if the server shits the bed then you could say it's bad luck, I mean for a server to just crap out like that, or the way the pool always chokes when we approach 900TH. In that sense maybe it is all luck, but if the system is stable backstage we seem to have some very nice runs, and maybe you could argue not having technical issue for a week is a matter of good luck. Happy? See, I argued both sides in terms I can even agree with.

"a bird in the hand is worth two in the bush"
Learn something new?: 1hzpjSkWaxm7XaEMi5P2fL6hhxuj8gxyX
gourmet
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March 01, 2014, 08:13:44 AM
 #15597

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

Can please someone tell me what does this post have to do with
- Bitcoin mining
- Slush's pool?
No wonder Slush doesn't waste his time reading the forum.
faxfan2002
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March 01, 2014, 08:18:52 AM
 #15598

How do long the payouts normally take when you cross the payout threshold?
gourmet
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March 01, 2014, 08:31:37 AM
 #15599

From Facebook:

Slush's pool
37 minutes ago
Good news, we have setup a new EU stratum server today as a replacement for the original one.

Now we need to wonder, would someone replace something if there wasn't a problem with it? Backstage issues, long blocks, yup...

I don't care because I'm swamped with work, haven't been checking often. Hopefully we see the problem lifted and shorter rounds start happening...

can you please show us with X's and O's how back end  hardware causes long blocks.

my request of u is as loony as...

Yeah isn't it funny how they repair the server, then the rounds get short and our luck improves drastically and immediately?!

Why do I feel like so many people are in denial about the fact technical issues are very likely tied to our long blocks? Lot of IT guys in this thread or what? Afraid to consider exploration of the unknown grey area we cannot see? Try just for a moment to imagine like you don't have all the answers, and that maybe the number sold to us as "luck" does not represent factors of pure un-corrupted chance probability. Pay attention next time our luck takes a major nosedive, usually we get an announcement about a technical issue that was being resolved, or a DDOS attack being fended off. I'm fine with it, no plans to leave the pool, but I think too many people here reach for their rifles when people ask questions or make suggestions- what's the harm in a reasonable hypothesis about a backstage technical issue impacting our performance? People come here bitching about luck, but luck isn't truly "luck" if it's caused by a technical issue.

Anyways, now that they resolved the technical issues I am glad to see our "luck" is back to where it should be. On the other hand, if the server shits the bed then you could say it's bad luck, I mean for a server to just crap out like that, or the way the pool always chokes when we approach 900TH. In that sense maybe it is all luck, but if the system is stable backstage we seem to have some very nice runs, and maybe you could argue not having technical issue for a week is a matter of good luck. Happy? See, I argued both sides in terms I can even agree with.

It's just the oposite, in fact: People come here bitching about "reasonable hypotheses" that are no reasonable at all.
gourmet
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March 01, 2014, 08:34:44 AM
 #15600

I'm also afraid to tell you that 'luck' does not exist - you can calculate probability but not luck (unless someone could post the calculation for the likelihood of luck existing)...

'Luck' exists, silly! If you earned more than expected, you've had good 'luck'. If you earned less than expected, you had bad 'luck'.

One certainty is that as the pool grows then so does the traffic into servers and it doesn't matter how much hashing goes on, it has to get to a server and 800-825TH seems to be the current 'lucky' number range.

No, the traffic problem is what vardiff solves.

Of course luck doesn't exist it is a convenient word to cover bad judgement, calculations or events we choose not to understand or have control of.

If you expect to earn  X and you earn Y then a force has acted upon X to move its value to Y - an event, not luck.
Either way your expectation/calculation was wrong.

I'm sorry, but you are an idiot.

Please don't push your ignorance again and again.
(When OoC tells you that you're wrong, think twice and don't oppose. Because you can be sure you are wrong.)
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