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Question: What type of pool payouts do you prefer?
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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3931564 times)
bobsav2121
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September 04, 2014, 11:20:54 PM
 #18101

I know there was quite a run yesterday.
Are these wild fluctuations typical these days over here?

Last couple of previous months have really been good but we did have a couple of 24 hour rounds. It averages out to a 5 / 6 blocks a day with the larger payouts is more than I make anywhere else. But to answer your question yes it is typical to see days like this every few or so.

Still sucks though  Huh
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nocroom
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September 05, 2014, 01:23:29 PM
 #18102

I know there was quite a run yesterday.
Are these wild fluctuations typical these days over here?

Last couple of previous months have really been good but we did have a couple of 24 hour rounds. It averages out to a 5 / 6 blocks a day with the larger payouts is more than I make anywhere else. But to answer your question yes it is typical to see days like this every few or so.

where ?
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September 05, 2014, 03:47:13 PM
 #18103

It would seem last year when i was using Block Erupters i would look over all the time and see "found new block".  maybe i need to dust off a few and see if they bring us luck.  Grin Tongue

JT
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September 05, 2014, 06:27:05 PM
 #18104

Two days of such work and 1 Bitcoin in the ass! How many more such days will be, and then the money runs out?  Grin Grin Grin
bobsav2121
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September 05, 2014, 08:48:33 PM
 #18105

I think its funny how people have come to believe that this magic cash cow will continue to give milk.
I've been mining with my own hardware since the beginning of the year.
From what I see is that home mining will soon come to a screeching halt.
Unless you have a way to cut your electric cost dramatically or the price of BTC skyrockets ( which is not going to happen ),
home mining will be over and done by early 2015.
The difficulty is going to skyrocket in the next few months, and like it or not the numbers dont lie.
Go to any BTC mining calculator and put in your  TRUE  numbers for power costs and speed and you will see what I mean.
Yes some people who have very low power costs and newer hardware that is more efficient will be able to hold on a few more months but anyone buying in now is done before they start.
It's not only the difficulty increase but what a lot of people don't know is that the BLOCK REWARD is soon to be cut if half.
Once that happens it doesn't matter what hardware you have you still dont have a chance.
Ok rant is over, good luck and it was fun while it lasted.
JMHO
Bob
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September 05, 2014, 10:39:46 PM
 #18106

I think its funny how people have come to believe that this magic cash cow will continue to give milk.
I've been mining with my own hardware since the beginning of the year.
From what I see is that home mining will soon come to a screeching halt.
Unless you have a way to cut your electric cost dramatically or the price of BTC skyrockets ( which is not going to happen ),
home mining will be over and done by early 2015.
The difficulty is going to skyrocket in the next few months, and like it or not the numbers dont lie.
Go to any BTC mining calculator and put in your  TRUE  numbers for power costs and speed and you will see what I mean.
Yes some people who have very low power costs and newer hardware that is more efficient will be able to hold on a few more months but anyone buying in now is done before they start.
It's not only the difficulty increase but what a lot of people don't know is that the BLOCK REWARD is soon to be cut if half.
Once that happens it doesn't matter what hardware you have you still dont have a chance.
Ok rant is over, good luck and it was fun while it lasted.
JMHO
Bob

There's still 100 000 blocks to be found before then.
bobsav2121
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September 05, 2014, 11:24:25 PM
 #18107

I think its funny how people have come to believe that this magic cash cow will continue to give milk.
I've been mining with my own hardware since the beginning of the year.
From what I see is that home mining will soon come to a screeching halt.
Unless you have a way to cut your electric cost dramatically or the price of BTC skyrockets ( which is not going to happen ),
home mining will be over and done by early 2015.
The difficulty is going to skyrocket in the next few months, and like it or not the numbers dont lie.
Go to any BTC mining calculator and put in your  TRUE  numbers for power costs and speed and you will see what I mean.
Yes some people who have very low power costs and newer hardware that is more efficient will be able to hold on a few more months but anyone buying in now is done before they start.
It's not only the difficulty increase but what a lot of people don't know is that the BLOCK REWARD is soon to be cut if half.
Once that happens it doesn't matter what hardware you have you still dont have a chance.
Ok rant is over, good luck and it was fun while it lasted.
JMHO
Bob

There's still 100 000 blocks to be found before then.

Yeah but at what cost ?
Billbags
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September 05, 2014, 11:45:31 PM
 #18108

These are not my numbers, I'm just repeating what I've read from the major professional monetary firms that deal with this type of speculation. Once the bitcoin becomes more widely used as form of payment on the internet, the price will quickly jump to $100,000 a bitcoin. Once the total mined bitcoins get closer to the 21 million mark, the price will rise to $1,000,000 a bitcoin. Please don't shoot the messenger. Bitcoin was worth $48 a bitcoin this time last year.

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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September 06, 2014, 12:16:29 AM
 #18109

These are not my numbers, I'm just repeating what I've read from the major professional monetary firms that deal with this type of speculation. Once the bitcoin becomes more widely used as form of payment on the internet, the price will quickly jump to $100,000 a bitcoin. Once the total mined bitcoins get closer to the 21 million mark, the price will rise to $1,000,000 a bitcoin. Please don't shoot the messenger. Bitcoin was worth $48 a bitcoin this time last year.

Yeah but the problem is that its not being adopted by the masses .
Yeah some stores are  accepting it but they immediately sell it and convert to fiat.
All the selling is keeping the price stagnant .

The average mom and pop have no friggin clue what BTC is.
Plus there are some BIG players that have a stranglehold on the market and can just about do whatever they want.
Until BTC becomes a household word I'm afraid were spinning our wheels and as always  the big guys with deep pockets manipulate the price the way they want and make the profit.
Billbags
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September 06, 2014, 12:21:44 AM
 #18110

^ You are exactly right. I'm hoping these new stand alone wallets will help that out along with bitpay service growing bigger.

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
oskuro
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September 06, 2014, 12:42:40 AM
 #18111

Seriously?HuhHuh?? Is this REAL?Huh:

22744    2014-09-05 23:47:22    16:38:03    94748423641    20309840    0.00000379    319285    25.08303967    99 confirmaciones pendientes

i have been mining this last block like 95% of it. Just left and started mining on another pool because im testing pools.

And i just receive 0.00000379?Huh? 16 hours block, and i have been mining it like 15 hours, and i receive that?HuhHuh WHY?Huh because when block was solved next hour, i had my miners off?Huh??

that suks really..........



i have double shares than previous block and i receive 0.00000379 BTC???
Billbags
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September 06, 2014, 01:12:11 AM
 #18112

This is a score based pool(most are pplns which are even more strict) so when you leave you loose the value from the shares of blocks not solved yet and when you come back it takes some time to build back up. Pool hopping doesn't work. It's programmed into a pools software to make you loose profits thus preventing cheating by hopping around to pools having good luck at that time.

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
oskuro
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September 06, 2014, 01:13:22 AM
 #18113

This is a score based pool(most are pplns which are even more strict) so when you leave you loose and when you come back it takes some time to build back up. Pool hopping doesn't work. It's programmed into a pools software to make you loose profits thus preventing cheating by hopping around to pools having good luck at that time.

so i mine 15 of 16 hours and instead of earning 0.00625253 BTC for example, i earn 0.00000379 Huh Just for 1 hour without mining?Huh??

Wow SO FAIR yeah..........
Billbags
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September 06, 2014, 01:29:05 AM
 #18114

Right, until that block is solved and confirming, you loose shares if you leave. There is a small delay, but it will go to zero reward quickly.

Note: These practices were put in place quickly by the pools because of cheating. People had wrote papers on techniques to pool hop and miners were abusing the network. So pools implemented hop proof software.

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
oskuro
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September 06, 2014, 01:31:00 AM
 #18115

Right, until that block is solved and confirming, you loose shares if you leave. There is a small delay, but it will go to zero reward eventually.

its so much in 1 hour, if i mined 15 hours to receive nothing......... but ok... Huh Huh
Billbags
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September 06, 2014, 01:38:37 AM
 #18116

I learned the hard way also. Now I just "set it and forget 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
bobsav2121
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September 06, 2014, 02:06:05 AM
 #18117

I learned the hard way also. Now I just "set it and forget it".

Yeah but what sucks is if  you have a internet or power problem that takes your machines down you get penalized
oskuro
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September 06, 2014, 02:10:28 AM
 #18118

I learned the hard way also. Now I just "set it and forget it".

Yeah but what sucks is if  you have a internet or power problem that takes your machines down you get penalized

+1... that system is not fair. Then it's not pps because I had all those shares and i received nothing because I just mined 15/16 hours . 15 hours lost . Fukin great system
Billbags
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September 06, 2014, 02:33:13 AM
 #18119

I think only a few like polmine and discus fish are PPS now, but they charge a lot for 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
sjc1490
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September 06, 2014, 02:49:04 AM
 #18120

I learned the hard way also. Now I just "set it and forget it".

Yeah but what sucks is if  you have a internet or power problem that takes your machines down you get penalized

+1... that system is not fair. Then it's not pps because I had all those shares and i received nothing because I just mined 15/16 hours . 15 hours lost . Fukin great system

There is a whole thread on Pools if you aren't happy here: https://bitcointalk.org/index.php?board=41.0

All pools have some sort of penalty to prevent hopping which is what you did do. We all have been bit by it.

BTC ADDRESS: 12Qwd8VKLQ4xF44ytHXBpCAKuF9VknG4X2
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