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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3857881 times)
Moria843
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Found Lost beach - quiet now


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November 24, 2014, 06:58:34 PM
 #20021

Found 2 blocks in less than 4 days last week Shocked.

Very lucky considering I'm only at 3.4 Th/s

Hot time, summer in the city, back of my mine getting hot & gritty!!!
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WillValentino
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November 24, 2014, 07:18:46 PM
 #20022

Quick question where do you guys get S4 in Europe? Besides asicminer-shop.de?
I found this site where its even cheaper in euros " http://buy-antminer.com/ " but I dont know if its legit, any idea?
cris12821
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November 25, 2014, 01:49:18 AM
 #20023

Here's a very interesting thought against the depletion of btc.


25 millionbtc exist to be mined if weve mined about 1m and all the companies and/or banks get in on this.   Wont it mean we will run out of btc a lot faster then the predicted 2020-2040(which I believe it may be shorter than that)




Theories?Huh?

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Billbags
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November 25, 2014, 02:01:17 AM
 #20024

Here's a very interesting thought against the depletion of btc.


25 millionbtc exist to be mined if weve mined about 1m and all the companies and/or banks get in on this.   Wont it mean we will run out of btc a lot faster then the predicted 2020-2040(which I believe it may be shorter than that)




Theories?Huh?

Yes, it will be sooner than originally predicted(to reach 21 million). The problem is hashpower gets added after the calculation is made each time at the 2016 block mark. That's why we are ahead of schedule and it takes less than 14 days most of the time to reach 2016 blocks.

Note: It isn't so much that the amount of hashrate added is excessive (although there is a limit to how much the difficulty can increase - 400% every 2016 blocks), it is that the additional hashrate is not all added at the same time. Say for example that when the difficulty changes, exactly 10% additional hashrate is added to the network then at 1008 blocks after the difficulty changes, an additional 10% of hashpower is added to the network (off of the original hashrate) (and no variances in luck and no other changes to mining power) then by 2016 blocks after the previous difficulty change, the difficulty will be 15% higher but the hashrate will be 20% higher.

This is the block chain's control theory feedback loop:

60minhr∗24hrday∗7dayweek 10minblock=2016 in 2weeks

Tcurrent=Tprior∗tprior/2weeks

D=work/2(32)=2(256)/(Tcurrent+1)∗2(32)

hashes/second≈D∗2(32)/600

The current target for the block chain is determined by a calculation, so any two clients looking at the block chain will calculate the same target. This calculation aims to adjust the target such that one block will be mined every 10 minutes, no matter how much total computing power is devoted to mining. The target changes every 2016 blocks based on the timestamps within those blocks. Why 2016? Because Satoshi decided two weeks was a good interval, and at 10 minutes per block, 2016 blocks will be mined every two weeks.

When 2016 blocks take more than two weeks to mine, the target goes up to make mining easier; when they take less than two weeks, the target goes down to make mining harder. In symbols, if Tprior is the previous target and tprior is the time it took to mine 2016 blocks using that target, then the updated target Tcurrent is just.

The target is typically a huge number well in excess of 2(200). Also it goes down as the total hashing power of the miners goes up. Consequently, interested people usually think in terms of the difficulty instead. Definition: The Bitcoin difficulty is the average number of nonces you have to try to find a valid block — aka. the work — divided by 2(32)(roughly 4 billion).

Note that D is just a number for human consumption. It scales in direct proportion to the computational effort required for mining, so twice the difficulty means twice the effort.

If we know the current difficulty D, we can estimate how fast all miners are hashing in aggregate. On average, it takes D∗2(32) hashes to find a nonce that works, and the target is selected to make that take 10 minutes.

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
kkurtmann
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November 25, 2014, 02:01:41 AM
 #20025

Here's a very interesting thought against the depletion of btc.


25 millionbtc exist to be mined if weve mined about 1m and all the companies and/or banks get in on this.   Wont it mean we will run out of btc a lot faster then the predicted 2020-2040(which I believe it may be shorter than that)




Theories?Huh?

You obviously know very little about Bitcoin. Let Google be your friend.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
cris12821
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November 25, 2014, 02:08:13 AM
 #20026

Here's a very interesting thought against the depletion of btc.


25 millionbtc exist to be mined if weve mined about 1m and all the companies and/or banks get in on this.   Wont it mean we will run out of btc a lot faster then the predicted 2020-2040(which I believe it may be shorter than that)




Theories?Huh?

You obviously know very little about Bitcoin. Let Google be your friend.


Wow.    So because someone asked a question meabs they don't know much.   Sure.. Keep thinking that.
Sorry for asking a question that may interest many ppl forgive me.

Thanks billbags : .  Rather interesting it is.    Interest calculations for this all.     

I'm happy if we can mine for another + years b4 it runs out... Than I'll be turning to alt coins Tongue


Thanks for helping and not being rud .  People And ur damn assumptions.         


21or 25m btc seems like so much yet so little.

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Billbags
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November 25, 2014, 02:11:54 AM
 #20027

^ please don't take that as being rude, i didn't mean it to be, I was just sharing info. I'm not one of meanies around here Grin

This is how it was explained to me Wink

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
cris12821
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November 25, 2014, 02:13:50 AM
 #20028

^ please don't take that as being rude, i didn't mean it to be, I was just sharing info. I not one of meanies around here Grin

Lop not u.  That kurtman guy.  People can't just be nice and help. Instead must asume everything and be rude in the meantime.

I guess its hard for some people to understand that sometimes people ask questions whether they know the answer or not.

I appreciate ur description billbags.  Thank you

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kkurtmann
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November 25, 2014, 02:30:48 AM
 #20029

Here's a very interesting thought against the depletion of btc.


25 millionbtc exist to be mined if weve mined about 1m and all the companies and/or banks get in on this.   Wont it mean we will run out of btc a lot faster then the predicted 2020-2040(which I believe it may be shorter than that)




Theories?Huh?

You obviously know very little about Bitcoin. Let Google be your friend.

I wasn't being mean, I was being truthful. Everything about your post is absolutely wrong. You need to learn how to research on your own and not believe everything some moron on a forum tells you. Bitcoins do not run out. The last partial coin ever to be mined before the network relies totally on transaction fees will be long after all of us alive today are dead.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
MrTeal
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November 25, 2014, 02:40:35 AM
 #20030

Here's a very interesting thought against the depletion of btc.


25 millionbtc exist to be mined if weve mined about 1m and all the companies and/or banks get in on this.   Wont it mean we will run out of btc a lot faster then the predicted 2020-2040(which I believe it may be shorter than that)




Theories?Huh?

You obviously know very little about Bitcoin. Let Google be your friend.

I wasn't being mean, I was being truthful. Everything about your post is absolutely wrong. You need to learn how to research on your own and not believe everything some moron on a forum tells you. Bitcoins do not run out. The last partial coin ever to be mined before the network relies totally on transaction fees will be long after all of us alive today are dead.
Speak for yourself, once BTC hits $100,000 I'm ordering that robot replacement body.
KNK
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November 25, 2014, 08:13:40 AM
 #20031

The last partial coin ever to be mined before the network relies totally on transaction fees will be long after all of us alive today are dead.
Speak for yourself, once BTC hits $100,000 I'm ordering that robot replacement body.
And I have a wish - to mine that last Bitcoin Wink

BTC tips: 1KNK1akhpethhtcyhKTF2d3PWTQDUWUzHE
Speedster1978
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November 25, 2014, 07:19:10 PM
 #20032

What's going on with the very long block times on Slush's Pool lately? Has mining power been lost so taking longer to find a block or what's going on?

Donations Here: 1QDzpx2k6bzenLPVtUgSrSnNC8NqpCs31L
Speedster1978
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November 25, 2014, 07:27:06 PM
 #20033

Found 2 blocks in less than 4 days last week Shocked.

Very lucky considering I'm only at 3.4 Th/s

You found 2 blocks for Slush's Pool or 2 blocks as a solo miner last week?

Donations Here: 1QDzpx2k6bzenLPVtUgSrSnNC8NqpCs31L
jterry211
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November 25, 2014, 08:32:54 PM
 #20034

What's going on with the very long block times on Slush's Pool lately? Has mining power been lost so taking longer to find a block or what's going on?

That is the up and down of Bitcoin Mining some days your hot others your not.  Stick in there dont jump around too much and you will be fine. 

JT
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November 25, 2014, 08:40:21 PM
 #20035

Found 2 blocks in less than 4 days last week Shocked.

Very lucky considering I'm only at 3.4 Th/s

You found 2 blocks for Slush's Pool or 2 blocks as a solo miner last week?

With 3.4 TH it would take around 500 or so days to find a block solo mining depending on luck but 2 in 4 weeks HIGHLY doubt it.  Even mining in a pool that goes down some but not much.  I have 8.6 TH and have only found 3 blocks since ive been here. That being said if you found 2 solo mining go buy a lottery ticked and have sex with an aids infested hooker because thats beyond lucky.

JT
cris12821
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November 25, 2014, 10:20:19 PM
 #20036

Lol.  I've been watching Slushs Pool speed for a a week 1/2 watching it closely  and so far.  The results

9.6 for  1-2 days.  7.2  for a day or 2.   8.6 for 3+ days.      

Basicallly The result is.  for 1-2 week we havent been staying at a consistent Hash rate.    It's been almost at 10PH/s than drops back to 7PH/s  than up to 9 than back to 8  and repeat usually.


This i think would be a major cause for long blocks are crappier payouts.




With slushs pool i've found u loose a hell of alot more money from hopping than to just stick it out and stay.  


It's Slushs Pool.  Hes never let us down yet and I dont think he plans to at all.


I've been turning on and off alot of my miners lately.  (only like 500-1TH/s or so GH/s)  due to maintenance and im starting to set up a nice little network for them.  and the wind we had one day almost knocked over my miners that are outside :O.

Seems I'm back on track now though Cheesy thank god

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Billbags
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November 25, 2014, 11:39:02 PM
 #20037

Hey, with these types of questions going on right now.....it's time for a mining conspiracy theory session.....

Anyone else notice when that large miner stops by here every few days lately that the blocks take forever to find? That miner jumps around, and he was at ckpool right before he hopped back here....

ckolivas quote:
"Sorry, there's some unusual (likely malicious) share submissions going on that are triggering a bug and we're currently working on a fix."


Just stating what I noticed....

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
-ck
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Ruu \o/


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November 25, 2014, 11:48:04 PM
 #20038

Hey, with these types of questions going on right now.....it's time for a mining conspiracy theory session.....

Anyone else notice when that large miner stops by here every few days lately that the blocks take forever to find? That miner jumps around, and he was by ckpool right before he hopped back here....

ckolivas quote:
"Sorry, there's some unusual (likely malicious) share submissions going on that are triggering a bug and we're currently working on a fix."


Just stating what I noticed....
Nah in our case we know all the big miners at ckpool for now so we know what they're up to. The strange share submissions were from a new miner with only a tiny hashrate who was trying to send shares from another username.

Primary developer/maintainer for cgminer and ckpool/ckproxy.
Pooled mine at kano.is, solo mine at solo.ckpool.org
-ck
Billbags
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November 25, 2014, 11:57:01 PM
 #20039

^ Ok, sounds good....I'll have to think of a better conspiracy theory....too bad dmwardjr alread had the one about eleuthria using BTCguild's website to hijack people's laptops for mining.....(that one's going to be hard to top Wink)

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
dmwardjr
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The Few, The Proud, The BTC


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November 26, 2014, 02:12:52 AM
 #20040

^ Ok, sounds good....I'll have to think of a better conspiracy theory....too bad dmwardjr alread had the one about eleuthria using BTCguild's website to hijack people's laptops for mining.....(that one's going to be hard to top Wink)

Yeah, felt stupid suggesting it out of my ignorance!  Turned out being Safari in the new Yosemite Upgrade from Apple.

One can screw up a pool with corrupted shares from what I've read before.  But hey, no need in starting that theory.  If they wish to waste their hashing power on screwing others AND THEMSELVES, go for it!  They can only do it for so long before it is no longer financially beneficial for them to do it.  A LOT of money is being spent on electricity as well to try something like that.

So, like I said, let them "go for it!" Be my guest!  I'll wait it out!  It takes a LOT of money to power 1 or 2 PH/s of rigs.

Not sure how much hashing power it would take to corrupt a pool with 8 PH/s total?  I'm sure it would take at least 500 TH/s; if not more.

BTC ADDRESS: 1HBSBwbFDg2XQii8cNJGAhLyd2mFS4jbG9
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