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Question: What type of pool payouts do you prefer?
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Author Topic: [2+ EH] Slush Pool (slushpool.com); World's First Mining Pool  (Read 4324071 times)
Mudbankkeith
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March 08, 2014, 09:14:11 AM
 #15681

Hi guys,

I own 2 Jalapeños (for a total of 15 GHs) and I started mining on January the 8th. During the first week, the Butterfly Labs app showed that my potential earnings were of about 150 USD/month.

Since then, the exchange rate for BTC dropped a lot, so I find it normal that the presumed earnings dropped as well. However, currently the forecasted earnings are of about 6 USD/month, which, needles to say, aren’t quite economically viable when taking into account the electric bill.

So, is this about the exchange rate dropping and the difficulty of mining increasing? Or am I doing something wrong?

My earnings at this point are 0.16271051 BTC. So, recuperating the almost 700 USD investment is, at best, a fairytale. Wink

If someone can clarify this for me, I would be much obliged.

Thanks.
Try this guide
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szlaeyer
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March 08, 2014, 09:31:24 AM
 #15682

Hi guys,

I own 2 Jalapeños (for a total of 15 GHs) and I started mining on January the 8th. During the first week, the Butterfly Labs app showed that my potential earnings were of about 150 USD/month.

Since then, the exchange rate for BTC dropped a lot, so I find it normal that the presumed earnings dropped as well. However, currently the forecasted earnings are of about 6 USD/month, which, needles to say, aren’t quite economically viable when taking into account the electric bill.

So, is this about the exchange rate dropping and the difficulty of mining increasing? Or am I doing something wrong?

My earnings at this point are 0.16271051 BTC. So, recuperating the almost 700 USD investment is, at best, a fairytale. Wink

If someone can clarify this for me, I would be much obliged.

Thanks.
Try this guide
http://mineforeman.com/services/bitcoin-mining-calculator/

Thanks.
gourmet
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March 08, 2014, 11:56:54 AM
 #15683

About six weeks ago there were a few people here dissing Slush and the pool. I ran an experiment and moved half of my hashing to BTC Guild. Almost exactly the same payout from both. Moving all back to Slush today.

I do have a small concern though, my payout on one block was 0. Where did you all say support questions should be posted for the pool, his Facebook account or something?

21760   2014-03-03 19:13:24   12:57:32   9099362387   78309   0.00000000   288773   25.12601933    confirmed

+1

+2
Support email answered in a few hours. I was offline for a period of time. I looked at my server and UPS logs and found I lost power for a few hours that I was not aware of.

But gee, I dunno about "Slush ripping us off" like all the whiners a month ago were saying. During my experiment when I reached the 0.01 payout on BTC Guild I was only at 0.0096 here on Slush. They knew best, for sure... ;->

First, you should probably have had a look at your logs and not send any support e-mail. When you haven't done so, you could at least have read the answer here in the forum that had answered your question thoroughly, and you would have no need to send any support request. But if you would have done the best thing yourself, i.e. look at the logs, there would be no need to post any question in this forum on the topic that had been answered many, many times, and make the members read it again and again...
digitalicecube
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March 08, 2014, 02:35:09 PM
 #15684

Looks like the bad luck streak is finally over.  Grin   BTCBTCBTC   Grin
curt.rowland
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March 08, 2014, 02:50:14 PM
 #15685

Finally triple triple luck again  Grin
Searing
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March 08, 2014, 02:51:12 PM
 #15686

Finally triple triple luck again  Grin

just get the monthly ave up to 100% again more/less 1% and I can live with the drama...

Searing

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binja9
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March 08, 2014, 04:18:33 PM
 #15687

Finally triple triple luck again  Grin

Can the pool break the 900TH barrier and still have the luck -  lets hope the backroom tweakery has worked...
Looks to have baulked at the 860 mark...

All think good thoughts....
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March 08, 2014, 05:54:02 PM
 #15688

Finally triple triple luck again  Grin

Can the pool break the 900TH barrier and still have the luck -  lets hope the backroom tweakery has worked...
Looks to have baulked at the 860 mark...

All think good thoughts....

Hashrate should not affect luck either way.
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March 08, 2014, 06:29:17 PM
 #15689

Can the pool break the 900TH barrier and still have the luck
Hashrate should not affect luck either way.

And if we pass the 900TH mark keep in mind that luck should even out and THERE IS NO relation between our luck and the pool hashrate, no matter if it remains over or fails below 100%

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organofcorti
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March 08, 2014, 10:38:21 PM
 #15690

Can the pool break the 900TH barrier and still have the luck
Hashrate should not affect luck either way.

And if we pass the 900TH mark keep in mind that luck should even out and THERE IS NO relation between our luck and the pool hashrate, no matter if it remains over or fails below 100%

The belief that hashrate should not affect luck should also not affect luck either way.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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safetyfirst
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March 08, 2014, 10:46:33 PM
 #15691

Theoretically what payout would I currently have joining the pool with a 1THash miner? Plus: Some educated guesses on how much it would decline over period of time x?

Thank you in advance
organofcorti
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March 08, 2014, 10:52:56 PM
 #15692

Theoretically what payout would I currently have joining the pool with a 1THash miner?

Reward per share = block reward / difficulty
So reward per Thps = block reward / difficulty / 2^32 * 1e12

For one day and current difficulty and pool fee = 2%
   25 / 3815723798.8146 / 2^32 * 1e12 * 86400 * 0.98 = 0.1291645 btc per day


Plus: Some educated guesses on how much it would decline over period of time x?

For the near future, your earnings will probably decline exponentially, at a rate of about 20% per retarget.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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nottm28
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March 08, 2014, 11:09:42 PM
 #15693

Theoretically what payout would I currently have joining the pool with a 1THash miner?

Reward per share = block reward / difficulty
So reward per Thps = block reward / difficulty / 2^32 * 1e12

For one day and current difficulty and pool fee = 2%
   25 / 3815723798.8146 / 2^32 * 1e12 * 86400 * 0.98 = 0.1291645 btc per day


Plus: Some educated guesses on how much it would decline over period of time x?

For the near future, your earnings will probably decline exponentially, at a rate of about 20% per retarget.

plus or minus luck...

[edit] ah I see the 0.98 is the luck bit sorry...

[edit2] and as if by magic the monthly luck just went from 0.98 to 1.00 - as though slush were watching - so your daily rate jumps to a whopping 0.1318

[edit3] and the question should really be rephrased as "Organofcorti - what pool do you point your miners at?".

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organofcorti
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March 09, 2014, 01:16:17 AM
 #15694

Theoretically what payout would I currently have joining the pool with a 1THash miner?

Reward per share = block reward / difficulty
So reward per Thps = block reward / difficulty / 2^32 * 1e12

For one day and current difficulty and pool fee = 2%
   25 / 3815723798.8146 / 2^32 * 1e12 * 86400 * 0.98 = 0.1291645 btc per day


Plus: Some educated guesses on how much it would decline over period of time x?

For the near future, your earnings will probably decline exponentially, at a rate of about 20% per retarget.

plus or minus luck...

[edit] ah I see the 0.98 is the luck bit sorry...

[edit2] and as if by magic the monthly luck just went from 0.98 to 1.00 - as though slush were watching - so your daily rate jumps to a whopping 0.1318

No, you were right, plus or minus luck. The 0.98 is what you're paid after the pool fee.





[edit3] and the question should really be rephrased as "Organofcorti - what pool do you point your miners at?".

Scryptguild and clevermining. I can just about scrape a profit using multicoin mining,  but making a profit mining Bitcoin is just too touch and go.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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kkurtmann
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March 09, 2014, 01:38:13 AM
 #15695

nice to see the intelligent conversation to whining ratio has improved

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
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March 09, 2014, 12:04:14 PM
 #15696

Over 900TH/s

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March 09, 2014, 01:20:12 PM
 #15697

Over 900TH/s
Well, lets hope we get a few sub 1 hour blocks to disprove the conspiracy theorists (they know who they are!)
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March 09, 2014, 03:07:04 PM
 #15698

Wow that is great! 915TH. Congrats to the pool even though I left just before the bad luck streak. I always keep Slush on my mind and frequently check stats.

 Cool Cool Cool Cool Cool CoolBTC
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March 09, 2014, 04:29:51 PM
 #15699

First, you should probably have had a look at your logs and not send any support e-mail. When you haven't done so, you could at least have read the answer here in the forum that had answered your question thoroughly, and you would have no need to send any support request. But if you would have done the best thing yourself, i.e. look at the logs, there would be no need to post any question in this forum on the topic that had been answered many, many times, and make the members read it again and again...

First you should probably get a grip on typical human nature. Someone looking at stats where I show plenty of shares but no payout looks like something happened at the pool to me at first, and I argue to anyone else looking at the same thing. "members read it again and again..." will continue just as it has, you can bet on it. But the more intelligent of us are most likely to get to the root cause whereas the remainder say Slush is ripping us off and move on.
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March 09, 2014, 07:17:14 PM
 #15700

This current round is becoming a planet killer.  Roll Eyes

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