Bitcoin Forum
October 01, 2016, 10:20:13 PM *
News: Latest stable version of Bitcoin Core: 0.13.0 (New!) [Torrent]. Make sure you verify it.
 
   Home   Help Search Donate Login Register  
Poll
Question: What type of pool payouts do you prefer?
Bitcoins - 3152 (80.4%)
Bank transfer / USD - 407 (10.4%)
Gold/silver coins and bars - 359 (9.2%)
Total Voters: 3916

Pages: « 1 ... 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 [797] 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 ... 1104 »
  Print  
Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3860248 times)
abracadabra
Hero Member
*****
Offline Offline

Activity: 946



View Profile
March 21, 2014, 02:29:40 PM
 #15921

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..

1475360413
Hero Member
*
Offline Offline

Posts: 1475360413

View Profile Personal Message (Offline)

Ignore
1475360413
Reply with quote  #2

1475360413
Report to moderator
1475360413
Hero Member
*
Offline Offline

Posts: 1475360413

View Profile Personal Message (Offline)

Ignore
1475360413
Reply with quote  #2

1475360413
Report to moderator
1475360413
Hero Member
*
Offline Offline

Posts: 1475360413

View Profile Personal Message (Offline)

Ignore
1475360413
Reply with quote  #2

1475360413
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1475360413
Hero Member
*
Offline Offline

Posts: 1475360413

View Profile Personal Message (Offline)

Ignore
1475360413
Reply with quote  #2

1475360413
Report to moderator
1475360413
Hero Member
*
Offline Offline

Posts: 1475360413

View Profile Personal Message (Offline)

Ignore
1475360413
Reply with quote  #2

1475360413
Report to moderator
1475360413
Hero Member
*
Offline Offline

Posts: 1475360413

View Profile Personal Message (Offline)

Ignore
1475360413
Reply with quote  #2

1475360413
Report to moderator
TRSundown
Newbie
*
Offline Offline

Activity: 22


View Profile
March 21, 2014, 02:30:58 PM
 #15922

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
Sr. Member
****
Offline Offline

Activity: 448


Retired Software Engineer


View Profile
March 21, 2014, 03:12:39 PM
 #15923

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.

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
Doge: DB22tiynvXKg7SyPpnH9jyfitKLTZb6ejc
TRSundown
Newbie
*
Offline Offline

Activity: 22


View Profile
March 21, 2014, 03:16:57 PM
 #15924

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
Sr. Member
****
Offline Offline

Activity: 448


Retired Software Engineer


View Profile
March 21, 2014, 03:25:46 PM
 #15925

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.

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
Doge: DB22tiynvXKg7SyPpnH9jyfitKLTZb6ejc
amspir
Member
**
Offline Offline

Activity: 112


View Profile
March 21, 2014, 03:35:15 PM
 #15926

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
Newbie
*
Offline Offline

Activity: 22


View Profile
March 21, 2014, 03:39:48 PM
 #15927

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. Grin
necro_nemesis
Full Member
***
Offline Offline

Activity: 224


View Profile
March 21, 2014, 05:36:23 PM
 #15928

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
Newbie
*
Offline Offline

Activity: 22


View Profile
March 21, 2014, 05:44:37 PM
 #15929

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
Full Member
***
Offline Offline

Activity: 224


View Profile
March 21, 2014, 05:50:11 PM
 #15930

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
Sr. Member
****
Offline Offline

Activity: 448


Retired Software Engineer


View Profile
March 21, 2014, 05:54:39 PM
 #15931

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.

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
Doge: DB22tiynvXKg7SyPpnH9jyfitKLTZb6ejc
TRSundown
Newbie
*
Offline Offline

Activity: 22


View Profile
March 21, 2014, 06:03:36 PM
 #15932

You guys rock. Thanks for helping this noob with understanding all of this...
DPoS
Sr. Member
****
Offline Offline

Activity: 462



View Profile
March 21, 2014, 06:58:57 PM
 #15933

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.

sometimes people jump on a craps table when a roller get hot and want to join the ride.. or the other way like walking past a roulette wheel that shows it landed black 19 of the last 20 spins so you stop and bet red the next 10 thinking that it has to be red more than black now...

two ways of thinking




~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
nottm28
Hero Member
*****
Offline Offline

Activity: 574



View Profile
March 21, 2014, 07:02:43 PM
 #15934

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.


Got a link? How can you predict luck?

donations not accepted
necro_nemesis
Full Member
***
Offline Offline

Activity: 224


View Profile
March 21, 2014, 07:12:30 PM
 #15935

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.


Got a link? How can you predict luck?

The only way I know of is using Raulo's attack and AFAIK all notable pools i.e. anything that comes up looking like your not solo mining, have instituted some form of protection against it.
KNK
Hero Member
*****
Offline Offline

Activity: 614


View Profile
March 21, 2014, 07:23:39 PM
 #15936

Not true. There's plenty of information about how to maximise income by hopping proportional and scored proportional pools.
Got a link? How can you predict luck?
You don't. You can calculate 'when to leave a pool' and not loose much, but there should be another pool you can jump to, which is the guessing part, that makes it not worth it IMHO.

BTC tips: 1KNK1akhpethhtcyhKTF2d3PWTQDUWUzHE
necro_nemesis
Full Member
***
Offline Offline

Activity: 224


View Profile
March 21, 2014, 07:39:38 PM
 #15937

I personally don't care who comes and goes. The only one who does likely is the pool itself since it works off a flat percentage whereas all our percentages vary with the size of the pool.
Rondoz
Newbie
*
Offline Offline

Activity: 7


View Profile
March 21, 2014, 07:47:58 PM
 #15938

Can I adjust somehow the difficulty that I get? I thought that you could do it from the workers edit, but there is nothing there.
amspir
Member
**
Offline Offline

Activity: 112


View Profile
March 21, 2014, 08:19:47 PM
 #15939

Can I adjust somehow the difficulty that I get? I thought that you could do it from the workers edit, but there is nothing there.

I'm not sure what you mean by adjust the difficulty.  That is determined by the bitcoin network.  If you mean adjust the amount of work you get, just power down your rig for part of the day.
Mblackout
Full Member
***
Offline Offline

Activity: 145

BitRoll


View Profile
March 21, 2014, 08:31:45 PM
 #15940

here we go again .. 8 hours......
Pages: « 1 ... 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 [797] 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 ... 1104 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!