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

[tommymal83]

if i am not mistaken slush is averaging approx 30 block hits a week, that seems about the normal,

if anyone knows better please give in your reply......

[bspurloc]

if i am not mistaken slush is averaging approx 30 block hits a week, that seems about the normal,

if anyone knows better please give in your reply......

30 or more a week is about right. either way it averages out to like .01% more than the other bigger pools.

[nottm28]

if i am not mistaken slush is averaging approx 30 block hits a week, that seems about the normal,

if anyone knows better please give in your reply......

30 or more a week is about right. either way it averages out to like .01% more than the other bigger pools.

Last 7 days     : 35 blocks
7 days before  : 42 blocks
7 days before  : 29 blocks
7 days before  : 34 blocks

[tommymal83]

yeah good stats spot on right.......at least we get decent reward points towards a bitcoin

unlike the big boys with 6 p/th....

[fredsbend]

You see, now we have seven blocks in one day. It's all good. Pool hop if you want, but you will only maximize your profits by luck alone. Hanging in any single pool gives you predictability.

[Mudbankkeith]

You see, now we have seven blocks in one day. It's all good. Pool hop if you want, but you will only maximize your profits by luck alone. Hanging in any single pool gives you predictability.

Still time for more blocks 

[organofcorti]

You see, now we have seven blocks in one day. It's all good. Pool hop if you want, but you will only maximize your profits by luck alone. Hanging in any single pool gives you predictability.

Not true. There's plenty of information about how to maximise income by hopping proportional and scored proportional pools.

[Sir Alan]

Not true. There's plenty of information about how to maximise income by hopping proportional and scored proportional pools.

That is so, but I doubt that most of our pool hoppers are sufficiently savvy for that kind of strategy: they appear simply to be chasing past success, like punters trying to bet on a known result.

[organofcorti]

Not true. There's plenty of information about how to maximise income by hopping proportional and scored proportional pools.

That is so, but I doubt that most of our pool hoppers are sufficiently savvy for that kind of strategy: they appear simply to be chasing past success, like punters trying to bet on a known result.

Ah, well then. That's not pool hopping, that's just being silly.

[abracadabra]

Not true. There's plenty of information about how to maximise income by hopping proportional and scored proportional pools.

That is so, but I doubt that most of our pool hoppers are sufficiently savvy for that kind of strategy: they appear simply to be chasing past success, like punters trying to bet on a known result.

Ah, well then. That's not pool hopping, that's just being silly.

pool hopping? what's that?

* abracadabra reminisces... ah yes.. the good ole days..

[TRSundown]

Greetings All,

Forgive the noobness but I am new to all of this. It is my understanding that every time a new block is found all of the workers in my account switch to the new block. Is that correct? or do they continue to mine shares from all open blocks? Is it possible to stay mining the same block until its confirmed? Whats the best way to manage my miners?

Thanks everyone!

Brandon

[Trongersoll]

Greetings All,

Forgive the noobness but I am new to all of this. It is my understanding that every time a new block is found all of the workers in my account switch to the new block. Is that correct? or do they continue to mine shares from all open blocks? Is it possible to stay mining the same block until its confirmed? Whats the best way to manage my miners?

Thanks everyone!

Brandon

There is no such thing as "all open blocks". Once a block is found all miners move on to the next one. I'm not sure what you mean by "manage my miners", but i suspect is there isn't a way.

[TRSundown]

Okay... thats the noobness showing through! lol.

What I mean is (and maybe I'm getting this all confused) is if you look at the statistics page it usually shows several blocks that are being validated and have X number of confirmations left. Is that what my miners are hashing on or do I have that all wrong?

I think I am just misunderstanding how it all works...

[Trongersoll]

Okay... thats the noobness showing through! lol.

What I mean is (and maybe I'm getting this all confused) is if you look at the statistics page it usually shows several blocks that are being validated and have X number of confirmations left. Is that what my miners are hashing on or do I have that all wrong?

I think I am just misunderstanding how it all works...

You are pretty much misunderstanding. Confirmation numbers have to do with Orphans and such. Once a block is found it is announced to the network. when a block is built off of that one, that is one confirmation. When a block is built off that one, that  is a second confirmation. it is a chain.

if two miners find the same block before either is confirmed, the one with the most confirmations wins and the other is orphaned. Pools usually consider 100 - 120 confirmations as confirmed beyond a doubt. Merchants are usually content with about 6. That would be 6 blocks found after the block that their transaction is in.

Every block has part of the previous block as input.

[amspir]

Pools usually consider 100 - 120 confirmations as confirmed beyond a doubt.

I think that the bitcoin protocol enforces the rule that a mined block can't be spent until after 100 confirmations, that is, a transaction using the output from a newly mined block isn't valid if the number of confirmations is less than 100.   

So, a mining pool can't pay for your efforts before the 100 confirmations, unless they extend credit.

[TRSundown]

Great explanation! Thanks for taking the time to educate. That makes a lot of sense and kind of explains the results I have been getting. Appreciate it! Thanks again.

[necro_nemesis]

Looks like the pool jumpers are back after a recent run of luck.

To those of you on here my sincerest of wishes for your luck along with success in chasing farts in the wind.

[TRSundown]

Can you explain what pool jumping is?

Is it when someone sees a pool has good luck with finding blocks so they jump to that pool hoping the luck continues?

Thanks in advance for any explanations.

[necro_nemesis]

It's actually termed pool hopping.

http://bitcoin.stackexchange.com/questions/5072/what-is-pool-hopping

Most pools have mechansims in place that make it unrewarding.

Here is a description of Slush's score based system which removes the incentive to hop.

http://support.bitcoin.cz/Knowledgebase/Article/View/32/1/score-based-reward-system

[Trongersoll]

Can you explain what pool jumping is?

Is it when someone sees a pool has good luck with finding blocks so they jump to that pool hoping the luck continues?

Thanks in advance for any explanations.

That is the simplest explanation. they leave when the luck is bad and come back when the think it is going to be good. I'm sure that there are more complicated ways of calculating when to stay and go. In the end, they are trying to maximize gains by playing the system. I doubt that what the get is all that worthwhile. but they probably think it is. Like how gamblers always talk about their big wins and forget about their losses.