Bitcoin Forum
January 18, 2018, 02:43:02 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: What type of pool payouts do you prefer?
Bitcoins - 3209 (80.4%)
Bank transfer / USD - 409 (10.3%)
Gold/silver coins and bars - 371 (9.3%)
Total Voters: 3987

Pages: « 1 ... 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 [886] 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 ... 1132 »
  Print  
Author Topic: [150+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 4322008 times)
bozo333
Sr. Member
****
Offline Offline

Activity: 294



View Profile
August 08, 2014, 09:55:45 PM
 #17701

Pool luck is not really a measure of luck at all. Pool luck is a statistical calculation, like a probability; so for any given amount of hashing speed at a given difficulty level you should expect a certain return. This is like tossing a coin, if you toss it 50 times you should expect 25 heads and 25 tails, although you may not get exactly these proportions.

Your explanations are good and make sense, however they do not take into account that sh*t can and does happen. I work for a private fund that has lost millions over the last 10 years to outfits like Madoff, Corzine, EDF Mann etc. Yet we are still around, which kinda lets you deduce that there must be substantial funds at work here ;-)

Those were all bona fide, on-the-level, trustworthy outfits...until they collapsed with a ton of money, including ours. And take note of this curious fact: Money never disappears, it's just that somebody else has it. So, without implying that Slush or anybody is skimming, is crooked, or whatever... You cannot blindly go through life like a clown on a minefield, hoping that nothing will ever go wrong and there is no evil.

      ▄  ▀████▀▀▀▀ ▄▄▄
     ███      ▄▄███████
   ▄██▀       ▀▀███████▌ ▄
  ██▀  ▄█  ███▄   ▀▀████ ▀▄
▄█▀ ▄▄███  ██████▄    ▀█▌ ▐▌
 ▄▄██████  █████████▄▄     ▀█
▐████████  ████████████
▀▀█████  ████████▀▀  ▄▄  ██
 ▀▄▄ ▀▀██  ████▀▀  ▄▄███▀ █▀
  ▀██▄      ▀   ▄▄██████ █▀
   ▀███▄      █████████ ▄▀
    ▀██▀  ▄▄▄▄  ▀▀████▀ ▀
         ███████▄▄▄ ▀▀

                                                                                  ███
                                                                                  ▀▀▀
    ▄▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄▄▄▄▄▄▄▄           ▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄        ▄▄▄▄▄▄▄▄▄▄▄
 ▄██████████████     ▄██████████████▄     ▄███████████████  ▄███████████████▄     ███     ▄███████████████▄
▄██▀                ▄██▀          ▀██▄   ▄██▀              ▄██▀           ▀██▄    ███    ▄██▀           ▀██▄
███                 ███           ▄███   ███               ███             ███    ███    ███             ███
████████████████    ███  ████████████    ███               ███             ███    ███    ███             ███
███                 ███           ▀███   ███               ███             ███    ███    ███             ███
▀██▄                ███           ▄██▀   ▀██▄              ▀██▄           ▄██▀    ███    ███             ███
 ▀██████████████    ███  ███████████▀     ▀███████████████  ▀███████████████▀     ███    ███             ███
    ▀▀▀▀▀▀▀▀▀▀▀▀    ▀▀▀  ▀▀▀▀▀▀▀▀▀           ▀▀▀▀▀▀▀▀▀▀▀▀▀     ▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀    ▀▀▀             ▀▀▀












The Best Gift for Travelers         
Your Gateway to a $60 Billion Dollar Global Market
[]
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516286582
Hero Member
*
Offline Offline

Posts: 1516286582

View Profile Personal Message (Offline)

Ignore
1516286582
Reply with quote  #2

1516286582
Report to moderator
1516286582
Hero Member
*
Offline Offline

Posts: 1516286582

View Profile Personal Message (Offline)

Ignore
1516286582
Reply with quote  #2

1516286582
Report to moderator
nottm28
Hero Member
*****
Offline Offline

Activity: 588



View Profile
August 08, 2014, 10:03:13 PM
 #17702

Pool luck is not really a measure of luck at all. Pool luck is a statistical calculation, like a probability; so for any given amount of hashing speed at a given difficulty level you should expect a certain return. This is like tossing a coin, if you toss it 50 times you should expect 25 heads and 25 tails, although you may not get exactly these proportions.

Your explanations are good and make sense, however they do not take into account that sh*t can and does happen. I work for a private fund that has lost millions over the last 10 years to outfits like Madoff, Corzine, EDF Mann etc. Yet we are still around, which kinda lets you deduce that there must be substantial funds at work here ;-)

Those were all bona fide, on-the-level, trustworthy outfits...until they collapsed with a ton of money, including ours. And take note of this curious fact: Money never disappears, it's just that somebody else has it. So, without implying that Slush or anybody is skimming, is crooked, or whatever... You cannot blindly go through life like a clown on a minefield, hoping that nothing will ever go wrong and there is no evil.

You are indeed wise to doubt stuff. I think the majority of people (on here anyway) are hobbyist miners hoping to make some money, experimenting, learning. If you apply the harsh reality of the cut-throat industries (we all work in), then most of us probably wouldn't be here.

I suppose there is a balance to be found between worrying about the potential "shit" that might happen, and spending a couple of grand on mining kit to "see what happens". Lighten up Smiley

donations not accepted
kkurtmann
Sr. Member
****
Offline Offline

Activity: 475



View Profile WWW
August 08, 2014, 10:26:55 PM
 #17703

slush found 9 blocks in the last 24 hours. seems pretty lucky to me.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
bozo333
Sr. Member
****
Offline Offline

Activity: 294



View Profile
August 08, 2014, 10:29:30 PM
 #17704

slush found 9 blocks in the last 24 hours. seems pretty lucky to me.

You are free to fool yourself if you only look at 'good' data.  Grin That's why the really successful trade outfits (consider ours to be one of them) will never rely on a person interpreting a chart or whatever, because most see only what they want to see. I understand most here are hobbyists doing this on the side but there is much to be gained to treat any endeavor with utmost attention to detail.

      ▄  ▀████▀▀▀▀ ▄▄▄
     ███      ▄▄███████
   ▄██▀       ▀▀███████▌ ▄
  ██▀  ▄█  ███▄   ▀▀████ ▀▄
▄█▀ ▄▄███  ██████▄    ▀█▌ ▐▌
 ▄▄██████  █████████▄▄     ▀█
▐████████  ████████████
▀▀█████  ████████▀▀  ▄▄  ██
 ▀▄▄ ▀▀██  ████▀▀  ▄▄███▀ █▀
  ▀██▄      ▀   ▄▄██████ █▀
   ▀███▄      █████████ ▄▀
    ▀██▀  ▄▄▄▄  ▀▀████▀ ▀
         ███████▄▄▄ ▀▀

                                                                                  ███
                                                                                  ▀▀▀
    ▄▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄▄▄▄▄▄▄▄           ▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄        ▄▄▄▄▄▄▄▄▄▄▄
 ▄██████████████     ▄██████████████▄     ▄███████████████  ▄███████████████▄     ███     ▄███████████████▄
▄██▀                ▄██▀          ▀██▄   ▄██▀              ▄██▀           ▀██▄    ███    ▄██▀           ▀██▄
███                 ███           ▄███   ███               ███             ███    ███    ███             ███
████████████████    ███  ████████████    ███               ███             ███    ███    ███             ███
███                 ███           ▀███   ███               ███             ███    ███    ███             ███
▀██▄                ███           ▄██▀   ▀██▄              ▀██▄           ▄██▀    ███    ███             ███
 ▀██████████████    ███  ███████████▀     ▀███████████████  ▀███████████████▀     ███    ███             ███
    ▀▀▀▀▀▀▀▀▀▀▀▀    ▀▀▀  ▀▀▀▀▀▀▀▀▀           ▀▀▀▀▀▀▀▀▀▀▀▀▀     ▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀    ▀▀▀             ▀▀▀












The Best Gift for Travelers         
Your Gateway to a $60 Billion Dollar Global Market
[]
dbbrummel
Jr. Member
*
Offline Offline

Activity: 49


View Profile
August 09, 2014, 03:15:49 AM
 #17705

The 'best' you can do in mining is join a pool so big it always makes you a little money.
There are freight trains and there are roller coasters. I find it interesting that Slush has
had a great day, even with lower pool GH/s and an increased LOD. If I can find this man
I will buy him a beer.
Billbags
Sr. Member
****
Offline Offline

Activity: 280

Brainwashed this way


View Profile
August 09, 2014, 03:53:49 AM
 #17706

Slush should be releasing the new website shortly. I can't wait to see/use it!!!

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
andyjjones
Newbie
*
Offline Offline

Activity: 25


View Profile
August 09, 2014, 06:00:36 AM
 #17707

Over the last 1-2 months, what has been the average block finding time on Slush?
RoadStress
Legendary
*
Offline Offline

Activity: 1680


View Profile
August 09, 2014, 06:12:08 AM
 #17708

Pool luck is not really a measure of luck at all. Pool luck is a statistical calculation, like a probability; so for any given amount of hashing speed at a given difficulty level you should expect a certain return. This is like tossing a coin, if you toss it 50 times you should expect 25 heads and 25 tails, although you may not get exactly these proportions.

Your explanations are good and make sense, however they do not take into account that sh*t can and does happen. I work for a private fund that has lost millions over the last 10 years to outfits like Madoff, Corzine, EDF Mann etc. Yet we are still around, which kinda lets you deduce that there must be substantial funds at work here ;-)

Those were all bona fide, on-the-level, trustworthy outfits...until they collapsed with a ton of money, including ours. And take note of this curious fact: Money never disappears, it's just that somebody else has it. So, without implying that Slush or anybody is skimming, is crooked, or whatever... You cannot blindly go through life like a clown on a minefield, hoping that nothing will ever go wrong and there is no evil.

For someone who works for a private funds you have little knowledge about how bitcoin mining works. A pool being unlucky doesn't mean that someone else is gaining that pool's money. Every pool has the same change of getting a block. What matters is only the speed of the pool in relate to how many block should that pool find on average. Imagine the pools as separate people tossing a coin. The faster pools just toss the coin faster, but everyone has a 50%-50% chance of hitting one side of the coin. Some may hit heads 5-10 times in a row, but they are not influencing each other. The luck is individual.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
AFlatMinor
Member
**
Offline Offline

Activity: 73


View Profile
August 09, 2014, 06:43:52 AM
 #17709

Over the last 1-2 months, what has been the average block finding time on Slush?


For the last 54 days

Average Block Time
4:11:11

Blocks/day
5.74
kcal63
Full Member
***
Offline Offline

Activity: 139


View Profile
August 09, 2014, 07:56:05 AM
 #17710

Well it worked. Everyone do my block dance. I did and it started raining blocks after the drought  Grin
Gonna have to post "The Slush Block Dance" on Youtube so you can all follow along.
As my Grandmother said, "It all comes out in the wash".
An average is just that, what it will average over a longer period, not what to expect every day.
 
bobsav2121
Full Member
***
Offline Offline

Activity: 182


View Profile
August 09, 2014, 02:44:21 PM
 #17711

Over the last 1-2 months, what has been the average block finding time on Slush?


For the last 54 days

Average Block Time
4:11:11

Blocks/day
5.74


Is there somewhere to track these figures or did you manually tally them.?

Bob
thehairymob
Full Member
***
Offline Offline

Activity: 133


View Profile WWW
August 09, 2014, 02:49:13 PM
 #17712

I just want to say thanks to Slushy for still running this great pool. I've be out of mining for a bout a year now but I'm back up and running again. Last year I blew my graphics card and then went with the BFL for a miner which failed. Now thoughh I have a couple of Antminer S3's. Cheers Slushy Smiley
bozo333
Sr. Member
****
Offline Offline

Activity: 294



View Profile
August 09, 2014, 02:50:53 PM
 #17713

Over the last 1-2 months, what has been the average block finding time on Slush?


For the last 54 days

Average Block Time
4:11:11

Blocks/day
5.74


Would be interesting to see how the blocks per day changed with each difficulty increase!

      ▄  ▀████▀▀▀▀ ▄▄▄
     ███      ▄▄███████
   ▄██▀       ▀▀███████▌ ▄
  ██▀  ▄█  ███▄   ▀▀████ ▀▄
▄█▀ ▄▄███  ██████▄    ▀█▌ ▐▌
 ▄▄██████  █████████▄▄     ▀█
▐████████  ████████████
▀▀█████  ████████▀▀  ▄▄  ██
 ▀▄▄ ▀▀██  ████▀▀  ▄▄███▀ █▀
  ▀██▄      ▀   ▄▄██████ █▀
   ▀███▄      █████████ ▄▀
    ▀██▀  ▄▄▄▄  ▀▀████▀ ▀
         ███████▄▄▄ ▀▀

                                                                                  ███
                                                                                  ▀▀▀
    ▄▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄▄▄▄▄▄▄▄           ▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄        ▄▄▄▄▄▄▄▄▄▄▄
 ▄██████████████     ▄██████████████▄     ▄███████████████  ▄███████████████▄     ███     ▄███████████████▄
▄██▀                ▄██▀          ▀██▄   ▄██▀              ▄██▀           ▀██▄    ███    ▄██▀           ▀██▄
███                 ███           ▄███   ███               ███             ███    ███    ███             ███
████████████████    ███  ████████████    ███               ███             ███    ███    ███             ███
███                 ███           ▀███   ███               ███             ███    ███    ███             ███
▀██▄                ███           ▄██▀   ▀██▄              ▀██▄           ▄██▀    ███    ███             ███
 ▀██████████████    ███  ███████████▀     ▀███████████████  ▀███████████████▀     ███    ███             ███
    ▀▀▀▀▀▀▀▀▀▀▀▀    ▀▀▀  ▀▀▀▀▀▀▀▀▀           ▀▀▀▀▀▀▀▀▀▀▀▀▀     ▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀    ▀▀▀             ▀▀▀












The Best Gift for Travelers         
Your Gateway to a $60 Billion Dollar Global Market
[]
AFlatMinor
Member
**
Offline Offline

Activity: 73


View Profile
August 09, 2014, 09:27:11 PM
 #17714

Over the last 1-2 months, what has been the average block finding time on Slush?


For the last 54 days

Average Block Time
4:11:11

Blocks/day
5.74


Would be interesting to see how the blocks per day changed with each difficulty increase!



What was the date of that?
bozo333
Sr. Member
****
Offline Offline

Activity: 294



View Profile
August 09, 2014, 10:07:09 PM
 #17715

List of all BTC difficulty dates

https://bitcoinwisdom.com/bitcoin/difficulty

      ▄  ▀████▀▀▀▀ ▄▄▄
     ███      ▄▄███████
   ▄██▀       ▀▀███████▌ ▄
  ██▀  ▄█  ███▄   ▀▀████ ▀▄
▄█▀ ▄▄███  ██████▄    ▀█▌ ▐▌
 ▄▄██████  █████████▄▄     ▀█
▐████████  ████████████
▀▀█████  ████████▀▀  ▄▄  ██
 ▀▄▄ ▀▀██  ████▀▀  ▄▄███▀ █▀
  ▀██▄      ▀   ▄▄██████ █▀
   ▀███▄      █████████ ▄▀
    ▀██▀  ▄▄▄▄  ▀▀████▀ ▀
         ███████▄▄▄ ▀▀

                                                                                  ███
                                                                                  ▀▀▀
    ▄▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄▄▄▄▄▄▄▄           ▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄        ▄▄▄        ▄▄▄▄▄▄▄▄▄▄▄
 ▄██████████████     ▄██████████████▄     ▄███████████████  ▄███████████████▄     ███     ▄███████████████▄
▄██▀                ▄██▀          ▀██▄   ▄██▀              ▄██▀           ▀██▄    ███    ▄██▀           ▀██▄
███                 ███           ▄███   ███               ███             ███    ███    ███             ███
████████████████    ███  ████████████    ███               ███             ███    ███    ███             ███
███                 ███           ▀███   ███               ███             ███    ███    ███             ███
▀██▄                ███           ▄██▀   ▀██▄              ▀██▄           ▄██▀    ███    ███             ███
 ▀██████████████    ███  ███████████▀     ▀███████████████  ▀███████████████▀     ███    ███             ███
    ▀▀▀▀▀▀▀▀▀▀▀▀    ▀▀▀  ▀▀▀▀▀▀▀▀▀           ▀▀▀▀▀▀▀▀▀▀▀▀▀     ▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀    ▀▀▀             ▀▀▀












The Best Gift for Travelers         
Your Gateway to a $60 Billion Dollar Global Market
[]
RogMiner
Jr. Member
*
Offline Offline

Activity: 33


View Profile
August 10, 2014, 02:35:43 PM
 #17716

Pool luck is not really a measure of luck at all. Pool luck is a statistical calculation, like a probability; so for any given amount of hashing speed at a given difficulty level you should expect a certain return. This is like tossing a coin, if you toss it 50 times you should expect 25 heads and 25 tails, although you may not get exactly these proportions.

Your explanations are good and make sense, however they do not take into account that sh*t can and does happen. I work for a private fund that has lost millions over the last 10 years to outfits like Madoff, Corzine, EDF Mann etc. Yet we are still around, which kinda lets you deduce that there must be substantial funds at work here ;-)

Those were all bona fide, on-the-level, trustworthy outfits...until they collapsed with a ton of money, including ours. And take note of this curious fact: Money never disappears, it's just that somebody else has it. So, without implying that Slush or anybody is skimming, is crooked, or whatever... You cannot blindly go through life like a clown on a minefield, hoping that nothing will ever go wrong and there is no evil.

I am note sure I follow your logic here, Slush is not an investment fund it is a mining outfit, therefore the only sh*t that happens comes within the rules of probability. Slush does hold our bitcoins so there is a potential that he could shut up shop and run away with all the unpaid bitcoins, however setting your payment level at the minimum allowed and switching pools if a payment is late can go some way towards mitigating such a risk.

I would guess that as an investment fund you probably invest in shares, and by the sounds of things in shares with a high risk/return potential so you shouldn't be surprised when sh*t happens, in fact it should be a part of your investment strategy. If you are investing in shares then you should realise that a funds value is just virtual until it is crystallised by a sale of the shares. This means that if you invest say £10M in Google and it doubles to £20M then you have on paper a £10M profit but that £10M profit only really exists if you sell the shares. If before you sell those shares they drop back to £10M then you could say that you have made a £10M loss, but in reality you never realised the 10M profit so you have just broken even, in such an example the £10M never really existed so it isn't true that "somebody else has it", it really did never exist.

It is not the case that I "go blindly through life like a clown on a minefield" (although I do struggle to understand your analogy), I take the time to understand the risks and rather that trusting Slush not to do me out of bitcoins, I use statistics to ensure that the returns from Slush are within a margin of acceptability.

It's easy to through about inaccurate analogies, or to imply some wrongdoing this is why there are so many conspiracy theories in the world; considering the existence of a conspiracy or of pure evil without first ruling out the alternatives is a sign of a weak mind, or poor cognitive ability.

As luck seems to be back with us now we could deduce that the rules of probability are just demonstrating their usual variance, although some may say that this is evidence of some higher force reacting top the negative comments posted here, personally I like the rain dance theory and look forward to seeing the video.
thehairymob
Full Member
***
Offline Offline

Activity: 133


View Profile WWW
August 10, 2014, 03:26:27 PM
 #17717

I may have been away for a while but there has always been good days and bad. Some worse than others like when Slushy's pool was under dos attacks. The one thing though has always been that Slushy has striven to do his best for all of his customers on the pool. I know he gets his cut which he truly deserves but I am still thankful to him for all the hard work he puts in.  Smiley
Franklin16422
Jr. Member
*
Offline Offline

Activity: 30


View Profile
August 10, 2014, 03:27:49 PM
 #17718

+1 to RogMiner!
bobsav2121
Full Member
***
Offline Offline

Activity: 182


View Profile
August 10, 2014, 05:05:25 PM
 #17719

Keep on dancin  Wink

Please
bobsav2121
Full Member
***
Offline Offline

Activity: 182


View Profile
August 10, 2014, 05:12:04 PM
 #17720

Could someone give me the plain English version of what it is EXACTLY that we are "mining" for ?
I understand we are processing " transactions" but what is it that we find that " solves " a block and finishes it. ?

That is the part of this I dont understand.

People talk about the  " height " of the blockchain, what the hell is that supposed to mean.

I've watch Antonopolis or what ever his name is and he just throws out all these fancy terms that most people dont understand but they
all sit there and nod as he babbles on.

I would like to know what we are looking for ?

Bob
Pages: « 1 ... 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 [886] 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 ... 1132 »
  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!