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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 4323985 times)
bobsav2121
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August 07, 2014, 02:53:25 PM
 #17661

Something I don't understand.

We just had a block that took 29.5 hours.
Then we had a block that took 33 minutes.
I only got paid 13 cents more for the block that took 29 hours ?

The little voice in my head is confused.
Could someone give me the short and dirty explanation ?

bob
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Billbags
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August 07, 2014, 03:42:28 PM
 #17662

One block is one block, no matter how long it takes. The time includes trying to find a block also. Here are some links to other common questions. Keep on Mining!!!!

http://support.bitcoin.cz/Knowledgebase/List


https://mining.bitcoin.cz/stats/


https://bitcointalk.org/index.php?topic=416933.0


https://bitcointalk.org/index.php?board=14.0


http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a


https://bitcointalk.org/index.php?topic=486121


https://bitcointalk.org/index.php?topic=1976.0





Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
bobsav2121
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August 07, 2014, 03:56:27 PM
 #17663

Thanks for the links will check them out.  Grin
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August 07, 2014, 04:07:57 PM
 #17664

47%, 93%, 92%

Been mining with slush for 6 months - and to me this is the worst period of blocks found i have witnessed, Just wondering why?

I don't want to leave slush as the payouts are great, and the community is also good, but just being able to afford costs when the blocks found are dropping off.
mstrongbow
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August 07, 2014, 04:15:36 PM
 #17665

47%, 93%, 92%

Been mining with slush for 6 months - and to me this is the worst period of blocks found i have witnessed, Just wondering why?

I don't want to leave slush as the payouts are great, and the community is also good, but just being able to afford costs when the blocks found are dropping off.

Blocks are harder to find with the recent difficulty raises...that coupled with the small hash rate Slush has...then add in the fact that there is greater than 1 Ph/s of miners that hop between Slush and other pool/s.

It is what it is yo...I will probably set my RK-Box miner to BTCGuild or Eligius once my new Garden unit arrives as I will only loose a small % of my hash rate on Slush when doing so.

Happy mining all!

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bobsav2121
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August 07, 2014, 04:26:54 PM
 #17666

47%, 93%, 92%

Been mining with slush for 6 months - and to me this is the worst period of blocks found i have witnessed, Just wondering why?

I don't want to leave slush as the payouts are great, and the community is also good, but just being able to afford costs when the blocks found are dropping off.

I'm with you brother, it was a nice ride but something has changed.  It could be the difficulty increase but seems that Ghash wasn't affected as much if that was the case.
I think I need more regular payouts even if they are a little smaller. 
You know the old saying ? Slow and steady wins the race.
Sure the 10 block days that Slush has once in a while a great but the  Zero or almost zero days kinda cancel them out pretty quick.
I'm going to give Slush till the end of the week and if this long block business doesnt improve I'm afraid I'll have to go back to Ghash.
Did a quick calculation and I've already lost 85.00 this week alone by being here as opposed to Ghash.
Anyone else in the same boat ?

Bob
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August 07, 2014, 04:49:43 PM
 #17667

Something I don't understand.

We just had a block that took 29.5 hours.
Then we had a block that took 33 minutes.
I only got paid 13 cents more for the block that took 29 hours ?

The little voice in my head is confused.
Could someone give me the short and dirty explanation ?

bob

You get paid for each block found; time to find a block is irrelevant; found quickly or not is based on luck.
What you get paid for each block found is based (mostly) on the shares your miners contributed (how lucky they were)
On slush, reward also based on when you were mining the block if you weren't along for the whole ride (if you lose power and miners go down at beginning of round vs. going down at end of round you're luckier than vice-versa and your shares gained don't shrivel away)
So it depends on luck and luck and luck.

Hot time, summer in the city, back of my mine getting hot & gritty!!!
bobsav2121
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August 07, 2014, 05:02:56 PM
 #17668

Something I don't understand.

We just had a block that took 29.5 hours.
Then we had a block that took 33 minutes.
I only got paid 13 cents more for the block that took 29 hours ?

The little voice in my head is confused.
Could someone give me the short and dirty explanation ?

bob

You get paid for each block found; time to find a block is irrelevant; found quickly or not is based on luck.
What you get paid for each block found is based (mostly) on the shares your miners contributed (how lucky they were)
On slush, reward also based on when you were mining the block if you weren't along for the whole ride (if you lose power and miners go down at beginning of round vs. going down at end of round you're luckier than vice-versa and your shares gained don't shrivel away)
So it depends on luck and luck and luck.

Well if that's the case then GHASH must have a horseshoe up their rear.  They keep plugging along at a steady pace and we are floundering.
kcal63
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August 07, 2014, 05:05:32 PM
 #17669

Blocks are harder to find with the recent difficulty raises...that coupled with the small hash rate Slush has...then add in the fact that there is greater than 1 Ph/s of miners that hop between Slush and other pool/s.

It is what it is yo...I will probably set my RK-Box miner to BTCGuild or Eligius once my new Garden unit arrives as I will only loose a small % of my hash rate on Slush when doing so.

Happy mining all!

Hey you ordered at BTC too! I however, plan to leave my RK on Slush and add my BTC VM-2 to SLush as well while movingmy R-boxes over to BTCGuild.
(BTW have my RK running very nicely now (hanging by chains from a wire rack with fans on all four outside blade heatsinks averaging temps of 39 C under full load at 350 freq and getting a steady 522 Gh/s wiht 8.6% errors). Smiley

Now if my Dragon miner would just arrive soon ...
Moria843
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August 07, 2014, 05:15:16 PM
 #17670

Something I don't understand.

We just had a block that took 29.5 hours.
Then we had a block that took 33 minutes.
I only got paid 13 cents more for the block that took 29 hours ?

The little voice in my head is confused.
Could someone give me the short and dirty explanation ?

bob

You get paid for each block found; time to find a block is irrelevant; found quickly or not is based on luck.
What you get paid for each block found is based (mostly) on the shares your miners contributed (how lucky they were)
On slush, reward also based on when you were mining the block if you weren't along for the whole ride (if you lose power and miners go down at beginning of round vs. going down at end of round you're luckier than vice-versa and your shares gained don't shrivel away)
So it depends on luck and luck and luck.

Well if that's the case then GHASH must have a horseshoe up their rear.  They keep plugging along at a steady pace and we are floundering.

What I meant by the first point is relative to pool hash rate but still true. Where round rates vary less on GHash (from seconds to hours) it's still based on luck. They hit the jackpot more because they bought more "lottery tickets" or have more pool hashing power (but how quickly still based on luck). Then of course each share is worth a lot less. But, at least you don't get penalized for dropping out during a round by your earned shares shriveling up.

Hot time, summer in the city, back of my mine getting hot & gritty!!!
bobsav2121
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August 07, 2014, 05:35:22 PM
 #17671

Something I don't understand.

We just had a block that took 29.5 hours.
Then we had a block that took 33 minutes.
I only got paid 13 cents more for the block that took 29 hours ?

The little voice in my head is confused.
Could someone give me the short and dirty explanation ?

bob

You get paid for each block found; time to find a block is irrelevant; found quickly or not is based on luck.
What you get paid for each block found is based (mostly) on the shares your miners contributed (how lucky they were)
On slush, reward also based on when you were mining the block if you weren't along for the whole ride (if you lose power and miners go down at beginning of round vs. going down at end of round you're luckier than vice-versa and your shares gained don't shrivel away)
So it depends on luck and luck and luck.


Well if that's the case then GHASH must have a horseshoe up their rear.  They keep plugging along at a steady pace and we are floundering.

What I meant by the first point is relative to pool hash rate but still true. Where round rates vary less on GHash (from seconds to hours) it's still based on luck. They hit the jackpot more because they bought more "lottery tickets" or have more pool hashing power (but how quickly still based on luck). Then of course each share is worth a lot less. But, at least you don't get penalized for dropping out during a round by your earned shares shriveling up.

I still dont quite understand what luck has to do with it , but whatever.
Yeah I have noticed the Slush hash rate varying quite a bit lately. People jumping to other sites when the blocks aren't coming, then coming back for whatever reason.
CEX 's rate seems to do nothing but climb, except for that incident a month or so ago when they announced they would keep their total rate under 39 % or something.
I know in the back of my head that it will PROBABLY even out in the long run, but the finish line is in sight as far as I'm concerned.
I dont think most miners will have the "time" they need.
With the soon to be skyrocketing difficulty people are going to find themselves at a negative ROI by Jan-Feb 2015.
So unless you have the latest power saving equipment or BTC price jumps dramatically ( which I don't think is going to happen ) I'm afraid a lot of people will find themselves stuck.
My self included, that's why I need the "steady" payout instead of hoping for the moon.

Bob
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August 07, 2014, 05:37:49 PM
 #17672

well I will give slush another 12 hours to find this block if not im gone somewhere else.
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August 07, 2014, 05:42:30 PM
 #17673

well I will give slush another 12 hours to find this block if not im gone somewhere else.

Start with slush, all seems great when the luck is good, hit a few long blocks for a week or so, jump ship to ghash, get bored of the "consistency", come back to slush and ride the up down  wave - at least it's not boring...

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bobsav2121
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August 07, 2014, 06:52:04 PM
 #17674

well I will give slush another 12 hours to find this block if not im gone somewhere else.

Start with slush, all seems great when the luck is good, hit a few long blocks for a week or so, jump ship to ghash, get bored of the "consistency", come back to slush and ride the up down  wave - at least it's not boring...

The point a lot people are missing is the clock it ticking.. Do you really think this " mining " is going to last more than 1 year or so before it becomes a losing enterprise for most people unless you have the latest and greatest hardware, an even then the payouts will be less and less.
In the near future when all the "BTC" have been mined and there are no more " rewards" for mining, what then ?

All BTC will "mined" within 5 years maybe less, then no more " block" rewards.
The point I'm making is to  " make hay while the sun shines ". We dont have time to hang around waiting for things to " straighten out ".

Bob
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August 07, 2014, 07:00:56 PM
 #17675

In the near future when all the "BTC" have been mined and there are no more " rewards" for mining, what then ?
None of us will be alive in 2140 when that will happen.

Quote
All BTC will "mined" within 5 years maybe less, then now more " block" rewards.
Wrong - http://en.wikipedia.org/wiki/Bitcoin

Quote
The point I'm making is to  " make hay while the sun shines ". We dont have time to hang around waiting for things to " straighten out ".
"PATIENCE YOU MUST HAVE my young padawan"

BTC tips: 1KNK1akhpethhtcyhKTF2d3PWTQDUWUzHE
nottm28
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August 07, 2014, 07:01:55 PM
 #17676

well I will give slush another 12 hours to find this block if not im gone somewhere else.

Start with slush, all seems great when the luck is good, hit a few long blocks for a week or so, jump ship to ghash, get bored of the "consistency", come back to slush and ride the up down  wave - at least it's not boring...

The point a lot people are missing is the clock it ticking.. Do you really think this " mining " is going to last more than 1 year or so before it becomes a losing enterprise for most people unless you have the latest and greatest hardware, an even then the payouts will be less and less.
In the near future when all the "BTC" have been mined and there are no more " rewards" for mining, what then ?

All BTC will "mined" within 5 years maybe less, then now more " block" rewards.
The point I'm making is to  " make hay while the sun shines ". We dont have time to hang around waiting for things to " straighten out ".

Bob

Sigh - bitcoin wont be "all mined" in 5 years - you are looking at about 100 years away - current estimate is between 2110 and 2140.

Yes you will need to continually upgrade your hardware if everyone else is doing the same.

I've seen thousands of people like you pass through here with their pearls of wisdom. Read some stuff and find some stuff out. Stop blurting the first thing that comes into your head.

Start here: http://en.wikipedia.org/wiki/Bitcoin

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bobsav2121
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August 07, 2014, 07:19:01 PM
 #17677

well I will give slush another 12 hours to find this block if not im gone somewhere else.

Start with slush, all seems great when the luck is good, hit a few long blocks for a week or so, jump ship to ghash, get bored of the "consistency", come back to slush and ride the up down  wave - at least it's not boring...

The point a lot people are missing is the clock it ticking.. Do you really think this " mining " is going to last more than 1 year or so before it becomes a losing enterprise for most people unless you have the latest and greatest hardware, an even then the payouts will be less and less.
In the near future when all the "BTC" have been mined and there are no more " rewards" for mining, what then ?

All BTC will "mined" within 5 years maybe less, then now more " block" rewards.
The point I'm making is to  " make hay while the sun shines ". We dont have time to hang around waiting for things to " straighten out ".

Bob

Sigh - bitcoin wont be "all mined" in 5 years - you are looking at about 100 years away - current estimate is between 2110 and 2140.

Yes you will need to continually upgrade your hardware if everyone else is doing the same.

I've seen thousands of people like you pass through here with their pearls of wisdom. Read some stuff and find some stuff out. Stop blurting the first thing that comes into your head.

Start here: http://en.wikipedia.org/wiki/Bitcoin


Sorry!
I guess I'm not as friggin smart  as you.
Have a nice day
nottm28
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August 07, 2014, 07:20:23 PM
 #17678

well I will give slush another 12 hours to find this block if not im gone somewhere else.

Start with slush, all seems great when the luck is good, hit a few long blocks for a week or so, jump ship to ghash, get bored of the "consistency", come back to slush and ride the up down  wave - at least it's not boring...

The point a lot people are missing is the clock it ticking.. Do you really think this " mining " is going to last more than 1 year or so before it becomes a losing enterprise for most people unless you have the latest and greatest hardware, an even then the payouts will be less and less.
In the near future when all the "BTC" have been mined and there are no more " rewards" for mining, what then ?

All BTC will "mined" within 5 years maybe less, then now more " block" rewards.
The point I'm making is to  " make hay while the sun shines ". We dont have time to hang around waiting for things to " straighten out ".

Bob

Sigh - bitcoin wont be "all mined" in 5 years - you are looking at about 100 years away - current estimate is between 2110 and 2140.

Yes you will need to continually upgrade your hardware if everyone else is doing the same.

I've seen thousands of people like you pass through here with their pearls of wisdom. Read some stuff and find some stuff out. Stop blurting the first thing that comes into your head.

Start here: http://en.wikipedia.org/wiki/Bitcoin


Sorry!
I guess I'm not as friggin smart  as you.
Have a nice day

I can read if that's what you mean...

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Weed Stuff
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August 07, 2014, 07:42:32 PM
 #17679

interested what pool you use  ? i still understand about this . this like cloud mining ?
nottm28
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August 07, 2014, 08:18:16 PM
 #17680

interested what pool you use  ? i still understand about this . this like cloud mining ?

I use slush (this is the slush pool thread but not all people who post here mine here). There's a lot to understand when you first start but there are some good articles for newbies here...

https://bitcointalk.org/index.php?board=39.0

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