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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 3860009 times)
bitcoinbelieve
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September 16, 2014, 02:54:30 AM
 #18421

That is what everyone told me but I like mining so I went ahead and bought a bunch of miners. They were right, financially but it has been fun so I now call it a hobby rather than an investment. Now, to explain to the wife where that $5000 went....

Don't feel bad, I have at least spent well over 10K Cry
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September 16, 2014, 03:29:46 AM
 #18422

Cripes,I'm dumbfounded,, I left CEX to come here about 3 months ago and was making over 6 dollars a block.
At that price I needed 2+ blocks to cover my power costs.  now I need just over 4 blocks to cover my nut.
When the hashing skyrocketed a few days ago I  would have need 10 blocks to break even.
With the historical average being 4-5 or 5-6 depending on whos doing the math this place has suddenly gone by the wayside.
With just over $3.00 a block there is no way I can make money here anymore.

So unless BTC jumps dramatically I'm afraid our days are done here.

My suggestion to everyboby here is to take a good look at your costs and be honest with yourself.
Are you REALLY making a profit or just hoping things will get better.

If the huge hash jump last weekend is any  indication as to what is about to happen when these monster machines come on line next month
I think you better start getting your E-bay ads ready, I know I am.
Later
Bob

As long as btc is as low as it is nobody is making money unless you have free gear and free power. I mine for speculation and the fun of it. I look at it if 5 years from now btc is trading at 1500 a coin it was a hobby that made me some good money, if it tanks I had fun doing it. My biggest problem is controlling the urge to keep buying hardware. I started with 2 red furys and have 9.2 th now.

Bob pm me and I will give you a pool I ran across that you might be interested in trying.



Lol that's the hardest thing is to not keep buying more hardware.  Started with a u2 for about 1 month or so.    The. 2 s1s.    Now 2.4th/s     and helping double the profit with contracts.     And yet I still want to buy more.

1 pH s be the limit lol.  

These USB asics I'd like to have 10-20gh/s worth of USB asics.   But for the price of 10-20gh/s. In USB asics.  U can buy 100-400gh/s

Solo not really worth it.     ... I damn wish it was.    Idblike to run a USB mining farm.  

If not iv got a u2 for sale which iv over clocked to 2.2-2.4 GH s and had it cool and stable.    BTC or Paypal accepted



I started April of this year I started with two PC  using video cards i  saw that wouldn't cut it so around June i Bought a few U1 U2  to see more then a red fury and now i have 4 S1  and one s3 with two upgrades kit on order and gonna upgrade all the S1 and catch up  on founds and buy more  then get a L1 in DEC and buy one or two S4 once they come out next year i want more its fun for me  atm. for the two years or so i have power at about 0.90 per kw and the power bill doesn't up to much in fact it went down  over the summer and it's  starting to go back up  due to  the weather .but the hardest part is don't buy more and just upgrade as needed . Smiley .
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September 16, 2014, 04:07:51 AM
 #18423

I've checked out a few of the Hashing Centers in Washington.  0.03/kwh... Awesome price until they tell you ambient cooling and 2 year contract up front....  I think it's hard to predict the future of BTC.  Like most have stated: It's been a lot of fun.  When I broke 100Th/s I was pretty happy.  Figuring out how much I had to reinvest to maintain payouts... What a bitch.

Don't lose too much in this hobby/passion.  When you get to the point that your hardware is paid for, try and use self control ;-)

At the end of each month I have more in the trading account than I have to pay out ( My hosting company takes bitcoin of course ).  When I get too far into the math it can be discouraging or disappointing.  I'm sure lot of people enjoyed extra pocket money.  Even a few lucky people did it for a living.  I think everyone who tried it had fun.


Lip
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September 16, 2014, 01:56:56 PM
 #18424

I've checked out a few of the Hashing Centers in Washington.  0.03/kwh... Awesome price until they tell you ambient cooling and 2 year contract up front....  I think it's hard to predict the future of BTC.  Like most have stated: It's been a lot of fun.  When I broke 100Th/s I was pretty happy.  Figuring out how much I had to reinvest to maintain payouts... What a bitch.

Don't lose too much in this hobby/passion.  When you get to the point that your hardware is paid for, try and use self control ;-)

At the end of each month I have more in the trading account than I have to pay out ( My hosting company takes bitcoin of course ).  When I get too far into the math it can be discouraging or disappointing.  I'm sure lot of people enjoyed extra pocket money.  Even a few lucky people did it for a living.  I think everyone who tried it had fun.


Lip
Did you spent over $100K for 100THS?
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September 16, 2014, 03:38:03 PM
 #18425

I've checked out a few of the Hashing Centers in Washington.  0.03/kwh... Awesome price until they tell you ambient cooling and 2 year contract up front....  I think it's hard to predict the future of BTC.  Like most have stated: It's been a lot of fun.  When I broke 100Th/s I was pretty happy.  Figuring out how much I had to reinvest to maintain payouts... What a bitch.

Don't lose too much in this hobby/passion.  When you get to the point that your hardware is paid for, try and use self control ;-)

At the end of each month I have more in the trading account than I have to pay out ( My hosting company takes bitcoin of course ).  When I get too far into the math it can be discouraging or disappointing.  I'm sure lot of people enjoyed extra pocket money.  Even a few lucky people did it for a living.  I think everyone who tried it had fun.


Lip



Good advice my plan exactly back off its diff fun right now for sure but i can see were it can become a nite mare if i count  on it which i don't plan to . i just want to break even which i do see coming and make a little extra .

all i need . i have a income from retirement when it's cuts into that then it's time to stop . so far it been fun and paying for it self .

Oyea I'm not one to worry about cost or number we all lose something some way . if i looked a head at what i might spend i might as well stop now .


 I have no plans to do any data center contacts unless its the monthly ones ( pay as you go)  just for fun. I looked at a few i pay fees + i have to buy a contact for x mount of time  what got me was the fee 1 or 2 % on top of the 500 to 1000 i might spend for speed that would pay for it, + no backup during that time they won't go under due to over spending on there part etc etc so home mining is there .

 btw i just looked, i can renew my power plan for another 36 month now in Maryland for 8.16 per kW hour so were gonna hold off till Nov to see what the next round of prices will be for next year.


This is good  advice Smiley.
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September 16, 2014, 03:56:23 PM
 #18426


I started April of this year I started with two PC  using video cards i  saw that wouldn't cut it so around June i Bought a few U1 U2  to see more then a red fury and now i have 4 S1  and one s3 with two upgrades kit on order and gonna upgrade all the S1 and catch up  on founds and buy more  then get a L1 in DEC and buy one or two S4 once they come out next year i want more its fun for me  atm. for the two years or so i have power at about 0.90 per kw and the power bill doesn't up to much in fact it went down  over the summer and it's  starting to go back up  due to  the weather .but the hardest part is don't buy more and just upgrade as needed . Smiley .

It has been quite a learning experience... I went from thinking like all the high end gamer lamers declared that a top end video card needs massive power supplies to seeing how much BS that actually was 375watt power supply runs an ati 7870 maxed out without a problem 24/7/365. Dell 550watt runs 2 7870xt turbo boosts maxed out 24/7/365 no problems.
Went from declaring I would never buy a video card for more than $100 to owning 10+ $250 video cards. But paying around $200 from rebates and free games coming with them that I sold. then selling off the video cards for a min of $180 each, essentially losing no money on them.
Learning that EVGA sells some really nice power supplies with bronze 80's having 5 year warranties where corsair will only give you 2 years. getting all those with $20-$25 rebates so when eventually resold I will only lose probably $10.

all my hardware was paid off and more, now I am investing in upgrade kits... vrooom... free power is fun.
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September 16, 2014, 05:08:50 PM
 #18427

Man I dont know where you guys are getting some of this math. Maybe you paid way too much for your gear.

I started Jan 27 with $6000. I bought used gear , mined, bought more gear, sold everything, rebought new gear, cashed out Bitcoins  etc and now I am running all Bitmain gear 16 S3's and 13 S1's underclocked to 250.
Total electric will be under $500 and they will bring in about $2900 in the net 30 days. i will run them for 60 days then begin pre ordering the L1's. I am set until next Spring. GO BITMAIN.
The first block each day more than pays for all electricity for the whole day.
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September 16, 2014, 06:10:47 PM
 #18428

Man I dont know where you guys are getting some of this math. Maybe you paid way too much for your gear.

I started Jan 27 with $6000. I bought used gear , mined, bought more gear, sold everything, rebought new gear, cashed out Bitcoins  etc and now I am running all Bitmain gear 16 S3's and 13 S1's underclocked to 250.
Total electric will be under $500 and they will bring in about $2900 in the net 30 days. i will run them for 60 days then begin pre ordering the L1's. I am set until next Spring. GO BITMAIN.
The first block each day more than pays for all electricity for the whole day.


I agree.   100% some people saying there paying like  paying like .30-1.00kw/h. How are you even making back ur profit.     I paid about $900 for 2.4th/s and pay .08kw/h all day everyday.     
 Idk where ur prf
Just saying.  How are you making profit   at anything above .10-.12 kW/h.

Ohbwell.    We been having many long long blocks lately l.   Making our profit harder to make back

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September 16, 2014, 06:35:30 PM
 #18429

22794   2014-09-16 05:59:21   10:57:13   60376940643   24143422   0.00978302   320925   25.21826476   invalid

are you kidding me, 10hrs of wasted power mining to find out is "invalid" where other pools still pays you ? grr
eoakland
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September 16, 2014, 06:42:18 PM
 #18430

22794   2014-09-16 05:59:21   10:57:13   60376940643   24143422   0.00978302   320925   25.21826476   invalid

are you kidding me, 10hrs of wasted power mining to find out is "invalid" where other pools still pays you ? grr

agreed, 2 "valid" blocks in last 24 hours...but on the bright side pool luck is still at 70%+ for the day..LoL   that sucks

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September 16, 2014, 06:47:54 PM
 #18431

22794   2014-09-16 05:59:21   10:57:13   60376940643   24143422   0.00978302   320925   25.21826476   invalid

are you kidding me, 10hrs of wasted power mining to find out is "invalid" where other pools still pays you ? grr

agreed, 2 "valid" blocks in last 24 hours...but on the bright side pool luck is still at 70%+ for the day..LoL   that sucks

personally i think pool should eat them
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September 16, 2014, 07:08:55 PM
 #18432

Slush pool is slowly fading into obscurity, pretty soon it may be the new eclipse.  under 3% now

the days of home mining are almost gone.  corporate farms and  HW manufacturers are dominating.  Cloud mining anyone ?

http://blockorigin.pfoe.be/chart.php

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September 16, 2014, 07:34:49 PM
 #18433

Slush pool is slowly fading into obscurity, pretty soon it may be the new eclipse.  under 3% now

the days of home mining are almost gone.  corporate farms and  HW manufacturers are dominating.  Cloud mining anyone ?

http://blockorigin.pfoe.be/chart.php


This is getting a little frightening at this point.  Slush was doing so well up until difficulty change.   Almost might be time to switch pools at this point.   Slushs block solving is decreasing and profit is becoming harder to gain.    

A little scary if you havnt made ur profit back yet.   However I'm hoping to god the difficulty is going to drop.      The harder it gets to mine, hopefuky miners get turned off causing a difficulty drop or a btc price rise.

Either way,      as scary as thus is,     it happens and hopefully we can just have our hopes up for it to get better son.

Looks like IMA throw $10-30 down for some mining contracts or something.  



Hopefully this gets a lot better soon.      This isn't the slushs pool that I know.      May switch to ghash for ahwile.   Don't want to at all.   But if it makes me my profit faster and solves more blocks than there's no choice.        God I love slushs pool so much



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September 16, 2014, 07:57:13 PM
 #18434

Can someone please explain what this means from a couple blocks ago. Block was like 11 hours long and now I'm not getting paid for it? Is it me or is everyone in the same boat?

#                Block found at     Duration           Total shares   Your shares   Your BTC reward   Block #   Block value   Validity
22794   2014-09-16 05:59:21     10:57:13     60376940643   8907760                  0.00374580   320925   25.21826476      invalid
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September 16, 2014, 08:02:03 PM
 #18435

^ Blocks in shorter chains (or invalid chains) are not used for anything. When the bitcoin client switches to another, longer chain, all valid transactions of the blocks inside the shorter chain are re-added to the pool of queued transactions and will be included in another block. The reward for the blocks on the shorter chain will not be present in the longest chain, so they will be practically lost, which is why a network-enforced 100-block maturation time for generations exists. These blocks on the shorter chains are often called "orphan" blocks. This is because the generation transactions do not have a parent block in the longest chain, so these generation transactions show up as orphans in the list-transactions RPC call.

EDIT: Some other pool finished and reported that block solved before we did. We were working on the same block as other pools, but on separate chains. The chain we were on ended up being the shorter chain thus we lose the block.

The miner/pool with the larger header that reports the block solved first(along with other requirements*) is then rewarded the block.

*So a block includes, among other factors, these 4 things:

1. A set of transactions
2. A timestamp
3. The 256-bit hash of the preceeding block
4. A nonce sufficient to make the hash of the block not exceed the current target

Note: Yes, we are all in the same boat and it seems to be taking on water right now.

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
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September 16, 2014, 08:53:19 PM
 #18436

did slush just find a block ?  i saw a CNN Breaking News announcement

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September 16, 2014, 09:00:39 PM
 #18437


EDIT: Some other pool finished and reported that block solved before we did. We were working on the same block as other pools, but on separate chains. The chain we were on ended up being the on shorter chain thus we lose the block.
Note: Yes, we are all in the same boat and it seems to be taking on water right now.

This happened to us with another long block fairly recently. So presumably the big pools with all the firepower could always beat us to the punch with these longer blocks?
The last difficulty rise, although not that big, seems to have shoved us over the edge here.
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September 16, 2014, 09:04:06 PM
 #18438


EDIT: Some other pool finished and reported that block solved before we did. We were working on the same block as other pools, but on separate chains. The chain we were on ended up being the on shorter chain thus we lose the block.
Note: Yes, we are all in the same boat and it seems to be taking on water right now.

This happened to us with another long block fairly recently. So presumably the big pools with all the firepower could always beat us to the punch with these longer blocks?
The last difficulty rise, although not that big, seems to have shoved us over the edge here.


Yea that's about it.  But if I know slushs pool god enough.  We will blow up again soon.... In time.  The more hashing power we get... The better..... Sometimes



WOHOOOOO. 2 BLOCKS 1 BLOCK TOOK 18MINS THe OTHER 10HRS.   Woooooooo
     Were making a come back lol

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September 16, 2014, 09:21:58 PM
 #18439

^ Ya, it always works out with Slush's Pool. This is a zero-sum game of chance but in the end I've always came out better over time here.

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
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September 16, 2014, 09:30:58 PM
 #18440

^ Ya, it always works out with Slush's Pool. This is a zero-sum game of chance but in the end I've always came out better over time here.

Yea.     It's weird.   Other pool might be faster or solve faster or w.e.    but idk.  Slushs pool has a lot more if something that other pools will never have,    that to me.   Is that slushs pool has the largest comeback game.

I plan to stay here.    I don't even want to point one if my miners at another pool to try it or mine.



To me Slushs pool feels like family and you don't give up on family, so I won't give up on slushs pool.   

I'll hash away for as long as possible until the diff is so high it makes it next to impossible to makke back your profit.

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