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Author Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool  (Read 4340017 times)
MrTeal
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January 05, 2015, 07:20:41 AM
 #20261

damn Mr. Teal 3k for electricity where do you live on some island in the middle of nowhere?

I mine almost 1 BTC a month for $90 with 1.5TH/s now I have 3.5 TH/s I should be mining a bit more than 1 BTC @ about $140 electricity cost

I am in Florida and are cost is .10KW which is pretty high compared to other places

I think Saudi arabia is definately calling your name Smiley

Or you need some more efficent mining hardware, are you running dinosaurs?
It's called an example, I suppose I could have used 1BTC, $300 and $250. Same basic idea.
I pay $0.135/kWh. With 3kW of power, that'd be $302 in power a month. If you're running 1J/GH gear, 3TH/s would mine BTC1.11/month. At 1J/GH, I'd be effectively paying $272/BTC. I'm under 1J/GH on average, but it's getting close.

Regardless, the point stands. If you need to spend more in fiat on electricity to mine X bitcoin than the current value of that bitcoin, you should either just buy X bitcoin and save the extra cash, or use the same amount of cash to buy more than X bitcoins.
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January 05, 2015, 07:37:17 PM
 #20262

Mr. Teal
.135 per kwh is pretty high however i think your math is off a bit Smiley

a general rule of thumb is 1w ='s 1 GH the latest hardware is a bit more efficent than that. That fits the antminer S2 example but lets use that for siplicity and for sake of not breaking out a calculator, cant find mine its in a junk drawer somewhere and I am to lazy to open the one on my desktop Smiley

so 2 antminer s2's as I mine a averag 1 BTC per month with 1.5 Th/s
so 2000 GH/s ='s 2000 or 2KW
2kw x .14 kwh ='s .28 per hr x 24 hrs = 5.60 per day x 30 days = 168 per month
Mines say 1.2 (should be higher at 2 TH/s)  BTC todays  price $270 so $326 approximately once again not getting out a calculator
326$ - $168 ='s $158 profit @ $250 per BTC ='s $300 - $168 electricity ='s $132 profit Not much a difference between 270/250 BTC value
now for shits and giggles lets multiply that by 10 x thats 1300+k per month not a bad side income.

Yesterday was a great day at slushes I mined over .06 BTC for 3.5 TH/s
so lets use the S2 example again
3500 kw @ .10kwh
.35 per hour  x 24 hrs  ='s 8.40 8.40 x 30 ='s 252
.o6 BTC right now ='s like $17
$17 x 30 = $510 - 252 electricity ='s $258 profit
Now I run 5 x antminer s3+'s and a antminer c1 I just got in around the dec 27th all of them a bit more efficent than 1w per GHS plus I only use platinum rated PSU's plus I take every other pratical measure to reduce my familys electricity consumption  LED light bulbs shutting lights off and appliances etc. its a never ending task they all know how to turn a switch on but none of them know how to turn a switch off haha
And also because its winter and I have this toasty farm running I have yet to turn my heater on I just turned my mining rig around Smiley so that in itself is compensating for electricity I would of been running the heater Smiley

Naturally this all hinges on a steady stream of luck here at slushes because a few days of a long block and it totally ruins the equation and eats up the profits. Now that alone draws me to the larger pools as they are steadier but the payouts are less because its a percentage of the pool and with such a larger pool my little 3.5 TH/s isnot a very large percentage so i do better here at slushs and do the daily Block finding dance Smiley

In the end though if your spending more on electricity than your bringing in yes by all means makes no sense. Either time to find cheaper or free energy alternatives, or get more efficient hardware, I.e. move to saudi arabia eneergy is free and get some S5's they are pretty efficient thats my next purchase Smiley
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January 05, 2015, 07:38:37 PM
 #20263

ahh that sucks  just noticed this one
23373    2015-01-04 19:10:51    0:02:58    477591840    142128    0.00711907    337487    25.08785340    invalid

knew it was to good to be true
MrTeal
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January 05, 2015, 08:05:33 PM
 #20264

Mr. Teal
.135 per kwh is pretty high however i think your math is off a bit Smiley

a general rule of thumb is 1w ='s 1 GH the latest hardware is a bit more efficent than that. That fits the antminer S2 example but lets use that for siplicity and for sake of not breaking out a calculator, cant find mine its in a junk drawer somewhere and I am to lazy to open the one on my desktop Smiley

so 2 antminer s2's as I mine a averag 1 BTC per month with 1.5 Th/s
so 2000 GH/s ='s 2000 or 2KW
2kw x .14 kwh ='s .28 per hr x 24 hrs = 5.60 per day x 30 days = 168 per month
Mines say 1.2 (should be higher at 2 TH/s)  BTC todays  price $270 so $326 approximately once again not getting out a calculator
326$ - $168 ='s $158 profit @ $250 per BTC ='s $300 - $168 electricity ='s $132 profit Not much a difference between 270/250 BTC value
now for shits and giggles lets multiply that by 10 x thats 1300+k per month not a bad side income.

Yesterday was a great day at slushes I mined over .06 BTC for 3.5 TH/s
so lets use the S2 example again
3500 kw @ .10kwh
.35 per hour  x 24 hrs  ='s 8.40 8.40 x 30 ='s 252
.o6 BTC right now ='s like $17
$17 x 30 = $510 - 252 electricity ='s $258 profit
Now I run 5 x antminer s3+'s and a antminer c1 I just got in around the dec 27th all of them a bit more efficent than 1w per GHS plus I only use platinum rated PSU's plus I take every other pratical measure to reduce my familys electricity consumption  LED light bulbs shutting lights off and appliances etc. its a never ending task they all know how to turn a switch on but none of them know how to turn a switch off haha
And also because its winter and I have this toasty farm running I have yet to turn my heater on I just turned my mining rig around Smiley so that in itself is compensating for electricity I would of been running the heater Smiley

Naturally this all hinges on a steady stream of luck here at slushes because a few days of a long block and it totally ruins the equation and eats up the profits. Now that alone draws me to the larger pools as they are steadier but the payouts are less because its a percentage of the pool and with such a larger pool my little 3.5 TH/s isnot a very large percentage so i do better here at slushs and do the daily Block finding dance Smiley

In the end though if your spending more on electricity than your bringing in yes by all means makes no sense. Either time to find cheaper or free energy alternatives, or get more efficient hardware, I.e. move to saudi arabia eneergy is free and get some S5's they are pretty efficient thats my next purchase Smiley
There's no error in my math, other than slightly overestimating the amount of BTC produced in a month as I just used a straight calculator value.

You won't mine 0.06BTC/day with 3.5TH/s. You can't pick one lucky day and look at it unless you're intentionally trying to paint a pie in the sky picture. At the current difficulty, with a 2% pool fee straight PPS would be BTC0.04331/day. Your actual long term average would be closer to 0.043 though, as Slush doesn't pay out orphans.

There's a bunch of factors that got into feasibility like offsetting heating costs in the winter, but even you will have a price where you're spending more than the coin you mine is worth. For you it's not at the point where it makes sense to turn off your gear, but it could soon be.
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January 05, 2015, 10:01:20 PM
 #20265

Holy network hashrate Batman! Way to drive out the little guys.

Yeah, I make like a half a cent a week. 
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January 06, 2015, 09:28:16 AM
 #20266

go baby go !!!!
Doing the block dance hahaha
23389    2015-01-06 09:03:03    1:59:44    17821695270    5701593    0.00777379    337735    25.06920978    97 confirmations left
23388    2015-01-06 07:03:19    1:47:35    17545026650    5097731    0.00740572    337722    25.05449947    84 confirmations left
23387    2015-01-06 05:15:44    5:03:05    50106338483    14430891    0.00694930    337708    25.02029198    70 confirmations left
23386    2015-01-06 00:12:39    2:20:54    23606803397    6688737    0.00708051    337682    25.05974495    44 confirmations left
23385    2015-01-05 21:51:45    0:34:33    5789790310    1664666    0.00701070    337667    25.09004714    29 confirmations left
23384    2015-01-05 21:17:12    2:02:18    20515496989    5716557    0.00691516    337664    25.09594941    26 confirmations left
23383    2015-01-05 19:14:54    1:27:55    14193493301    4224070    0.00727253    337652    25.08088047    14 confirmations left
23382    2015-01-05 17:46:59    1:38:27    15377296932    4676362    0.00742266    337643    25.03243972    5 confirmations left
23381    2015-01-05 16:08:32    0:07:29    1186175410    353040    0.00742766    337627    25.08409859    confirmed
23380    2015-01-05 16:01:03    3:59:56    37704197912    11380990    0.00748826    337626    25.09376000    confirmed
23379    2015-01-05 12:01:07    3:37:40    33792768448    10327444    0.00748562    337600    25.03156867    confirmed
23378    2015-01-05 08:23:27    0:12:59    2016948736    617721    0.00742014    337576    25.09190952    confirmed
23377    2015-01-05 08:10:28    5:52:16    54963373269    16622676    0.00738043    337573    25.08894481    confirmed
23376    2015-01-05 02:18:12    3:31:13    33989167304    9998280    0.00728615    337538    25.22617999    confirmed

23375    2015-01-04 22:46:59    1:16:52    12287259975    3594613    0.00701987    337516    25.06428187    confirmed
23374    2015-01-04 21:30:07    2:19:16    22322832311    6600165    0.00735157    337502    25.00926052    confirmed
23373    2015-01-04 19:10:51    0:02:58    477591840    142128    0.00711907    337487    25.08785340    invalid
23372    2015-01-04 19:07:53    0:17:07    2743872787    774593    0.00709074    337486    25.09218533    confirmed
23371    2015-01-04 18:50:46    6:55:24    66947974717    19790400    0.00734114    337483    25.09901854    confirmed
23370    2015-01-04 11:55:22    2:47:50    27145471987    7998620    0.00716293    337433    25.07058308    confirmed
23369    2015-01-04 09:07:32    7:25:35    71356222019    21061223    0.00731794    337417    25.18287706    confirmed
23368    2015-01-04 01:41:57    4:33:39    43996283153    12819438    0.00721578    337359    25.05021708    confirmed 
Codemeister
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January 06, 2015, 09:48:33 AM
 #20267

Sweet round times right now Cheesy
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January 06, 2015, 04:33:48 PM
 #20268

Dont nobody move a muscle (unless you are doing the block dance) then keep dancing  Grin 200% luck wow after last month that is amazing !!!! It seemed like when they setup the new site the block times went to crap, I wonder if they found a bug and smushed it or something this is soooo sweet, this is how it should be. Last month was a train wreck I earned 2/3 my normal earnings too many of those over 24hr blocks finds. Things stay like the last couple days and i will be in heaven.
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January 06, 2015, 04:36:40 PM
 #20269

Anoother one!

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January 06, 2015, 04:38:50 PM
 #20270

The so-called "luck" is only a measure of past success and always averages out. Next week this thing you call luck will be 20% and you will be wondering where your luck went and who jinxed the pool, etc.

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pekatete
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January 06, 2015, 04:49:57 PM
 #20271

The so-called "luck" is only a measure of past success and always averages out. Next week this thing you call luck will be 20% and you will be wondering where your luck went and who jinxed the pool, etc.
No, bitcoin luck is computed as a factor of the probability of finding a block given your (the pool's) hashing power and the network hashing power, given that the number of blocks that can be released by the network in the effective timeframe is known.

In our case (and this is a conspiracy theory of some magnitude!), I am thinking the new hardware that hit the market of late, ahem... S5 ... have not been deployed en-masse on slush, but elsewhere, and that is reducing their luck thus we pick up the pieces where we were beaten by a matter of seconds before! Of-course, that theory assumes there is something wrong with the S5's (even the S3 variants and other bitmain rigs updated with the Jan firmware!).

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January 06, 2015, 05:06:34 PM
 #20272

The so-called "luck" is only a measure of past success and always averages out. Next week this thing you call luck will be 20% and you will be wondering where your luck went and who jinxed the pool, etc.
No, bitcoin luck is computed as a factor of the probability of finding a block given your (the pool's) hashing power and the network hashing power, given that the number of blocks that can be released by the network in the effective timeframe is known.

In our case (and this is a conspiracy theory of some magnitude!), I am thinking the new hardware that hit the market of late, ahem... S5 ... have not been deployed en-masse on slush, but elsewhere, and that is reducing their luck thus we pick up the pieces where we were beaten by a matter of seconds before! Of-course, that theory assumes there is something wrong with the S5's (even the S3 variants and other bitmain rigs updated with the Jan firmware!).
One small (but important) correction: Pool luck is dependent on the pool hashrate and current difficulty, not network hashrate. In this case it would matter because adding hashing power to the rest of the network (no matter what kind it is) doesn't affect Slush's luck. The ~10PH/s on Slush will still find X blocks/day whether the network is 20PH/s or 2000PH/s, at least until the next difficulty retarget.

There is also no limit on the number of blocks that can be released on the network in a given timeframe. Difficulty will adjust to try and get a block every 10 minutes, but you could have all 2016 blocks of one difficulty period found in one day as opposed to two weeks.
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January 06, 2015, 05:41:00 PM
 #20273

^^^ Clear as mud .....

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January 07, 2015, 03:42:42 PM
 #20274

The so-called "luck" is only a measure of past success
Agreed

Quote
and always averages out.
It ain't necessarily so.  That's the gambler's fallacy.  It assumes that the universe somehow keeps a record of past events in order to even things up, and confuses luck with probability.  In an essentially random system such as bitcoin mining, just because it averaged out in the past doesn't mean it must always do so.

1Eeyore17YeHrbJW5Q3pSdV8sXujkdrrFc
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January 07, 2015, 04:21:30 PM
 #20275

ahhhh who quit dancing hahahahaha Grin
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January 10, 2015, 05:25:48 AM
 #20276

Just a little tip one of my S3+s keep showing low hash rate at the pool, i tried many different pools and it was always that one unit coming in low. I tried different power supplys different settings. An what do you know I replaced The LAN cable and blam right in line with the rest.....  Undecided
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January 10, 2015, 01:56:49 PM
 #20277

Just a little tip one of my S3+s keep showing low hash rate at the pool, i tried many different pools and it was always that one unit coming in low. I tried different power supplys different settings. An what do you know I replaced The LAN cable and blam right in line with the rest.....  Undecided


Genius! i've been struggling with the same problem on all 3 miners. (S3, S3+ & S2) Changed all for better quality cables. Hash a treat now. Thanks for the advice!   Grin
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January 11, 2015, 01:18:51 AM
 #20278

What the other guy said about leveling out, 10 - 14hrs between blocks.

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January 11, 2015, 11:03:13 AM
 #20279

usually my auto payouts  after 1,5-2 days , last payout recived 2015-01-07 03:04:05 3-4days ago??
runs 2,8TH, week ago added +1,6THs, ~4,3total now.
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January 12, 2015, 06:31:38 AM
 #20280

usually my auto payouts  after 1,5-2 days , last payout recived 2015-01-07 03:04:05 3-4days ago??
runs 2,8TH, week ago added +1,6THs, ~4,3total now.

Welcome to the wonderful world of mining bitcoins.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
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