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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3857794 times)
SargeR33
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January 19, 2015, 07:25:29 AM
 #20401

SargeR33, can you explain the following comments?

Unless you have big power, any of those chinese pools are going to pay very poorly.

If you support those chinese pools(f2pool, ghash, btc china etc) you're part of the problem btc is facing. Get out of there.



If you have 1thash of power, your payout from f2pool is 0.01097974 per day. With 1thash on power on Slush you will make the same amount with 3 - 4 blocks, depending on pools power and the luck. Apart from the last week, and only the last week, I've made approx .03 - .04 btc per day from Slushs pool. This is not even over a 24hr period. From BFA you will stand to make .012 btc per day and that is not including the bonus if I recall correctly. Sure power to pay scales the higher you go, but like I said, for a small user, you will be slaughtered with power bills running a miner 24hrs a day to earn <$2.50 USD per day. For what, a pool which quite likely insta dumps the btc they find. The pay on Ghash.io is also far too poor to be effective. Honestly I've had better overall luck at MMpool than I have at any of those big dominating pools. Sure you get consistency but its such minute amount its not worth it at all.

I may have made a mistake about ghash.io being a chinese pool, I bought two miners from a local here(who was chinese) and he mined ghash.io because "they're a chinese pool". It took him 6 months of mining ghash.io 24/7 with 2.25thash to break even with his miners cost, this does not include power. This was factoring in my purchase off him too.

I've read here many times that those Chinese pools are a problem. I don't think btc is being treated the way it was intended to be. Its severely abused. Especially when you can find miners being dumped on eBay from China as "Brand new" when you know they have been thrashed and run non stop for who knows how long.

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Searing
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January 19, 2015, 07:30:36 AM
 #20402


Well I'm out on slush pool for now.....except for the week or so of the paycoin POW (at 10x BTC at the time) have been with them from
Oct 18th 2013 with my KNC 550gh Jupiter and made almost exactly 50 btc as a result (still holding boy I'm dumb) anyway just shut it
off on Jan 18th 2015 (could run it a bit longer made a dandy space heater!) but even with that just don't fly to run vs 15c kwh elec
anymore at these prices and difficulty

I'll probably come back IF and I mean a big IF I ever home mine BTC again ..it does not seem likely

anyway thanks slush hopefully will catch your pool again on the rebound in the future with something new btc equip wise

Searing


p.s. I'm sure my 550gh I have just 'yanked' will increase everyones profit from my *ahem* adding to the drop in difficulty
'your welcome' lol Smiley


kkurtmann
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January 19, 2015, 07:37:50 AM
 #20403

SargeR33, can you explain the following comments?

Unless you have big power, any of those chinese pools are going to pay very poorly.

If you support those chinese pools(f2pool, ghash, btc china etc) you're part of the problem btc is facing. Get out of there.



If you have 1thash of power, your payout from f2pool is 0.01097974 per day. With 1thash on power on Slush you will make the same amount with 3 - 4 blocks, depending on pools power and the luck. Apart from the last week, and only the last week, I've made approx .03 - .04 btc per day from Slushs pool. This is not even over a 24hr period. From BFA you will stand to make .012 btc per day and that is not including the bonus if I recall correctly. Sure power to pay scales the higher you go, but like I said, for a small user, you will be slaughtered with power bills running a miner 24hrs a day to earn <$2.50 USD per day. For what, a pool which quite likely insta dumps the btc they find. The pay on Ghash.io is also far too poor to be effective. Honestly I've had better overall luck at MMpool than I have at any of those big dominating pools. Sure you get consistency but its such minute amount its not worth it at all.

I may have made a mistake about ghash.io being a chinese pool, I bought two miners from a local here(who was chinese) and he mined ghash.io because "they're a chinese pool". It took him 6 months of mining ghash.io 24/7 with 2.25thash to break even with his miners cost, this does not include power. This was factoring in my purchase off him too.

I've read here many times that those Chinese pools are a problem. I don't think btc is being treated the way it was intended to be. Its severely abused. Especially when you can find miners being dumped on eBay from China as "Brand new" when you know they have been thrashed and run non stop for who knows how long.

Seems I almost spoke too soon.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
organofcorti
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January 19, 2015, 07:44:06 AM
 #20404

SargeR33, can you explain the following comments?

Unless you have big power, any of those chinese pools are going to pay very poorly.

If you support those chinese pools(f2pool, ghash, btc china etc) you're part of the problem btc is facing. Get out of there.



Newbs gunna be noobs? Sheep follow herds?  What kind of answer are you seeking here? Because I bet it will be at least as interesting as the ones you were quoting.

I'm always interested in the things on which people base their assumptions. "Chinese pools are bad" is a new one on me so I wanted to see if it was part of a new anti-chinese bitcoin movement or something.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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organofcorti
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January 19, 2015, 07:48:09 AM
 #20405

SargeR33, can you explain the following comments?

Unless you have big power, any of those chinese pools are going to pay very poorly.

If you support those chinese pools(f2pool, ghash, btc china etc) you're part of the problem btc is facing. Get out of there.



If you have 1thash of power, your payout from f2pool is 0.01097974 per day. With 1thash on power on Slush you will make the same amount with 3 - 4 blocks, depending on pools power and the luck. Apart from the last week, and only the last week, I've made approx .03 - .04 btc per day from Slushs pool. This is not even over a 24hr period. From BFA you will stand to make .012 btc per day and that is not including the bonus if I recall correctly. Sure power to pay scales the higher you go, but like I said, for a small user, you will be slaughtered with power bills running a miner 24hrs a day to earn <$2.50 USD per day. For what, a pool which quite likely insta dumps the btc they find. The pay on Ghash.io is also far too poor to be effective. Honestly I've had better overall luck at MMpool than I have at any of those big dominating pools. Sure you get consistency but its such minute amount its not worth it at all.

I may have made a mistake about ghash.io being a chinese pool, I bought two miners from a local here(who was chinese) and he mined ghash.io because "they're a chinese pool". It took him 6 months of mining ghash.io 24/7 with 2.25thash to break even with his miners cost, this does not include power. This was factoring in my purchase off him too.

I've read here many times that those Chinese pools are a problem. I don't think btc is being treated the way it was intended to be. Its severely abused. Especially when you can find miners being dumped on eBay from China as "Brand new" when you know they have been thrashed and run non stop for who knows how long.


I haven't read anything about Chinese pools being bad. In fact, all I hear about AntPool, for example, are good things. I could be wrong, so can you post some links you mention reading (about Chinese pools being a problem)?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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kkurtmann
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January 19, 2015, 08:21:47 AM
 #20406

SargeR33, can you explain the following comments?

Unless you have big power, any of those chinese pools are going to pay very poorly.

If you support those chinese pools(f2pool, ghash, btc china etc) you're part of the problem btc is facing. Get out of there.



Newbs gunna be noobs? Sheep follow herds?  What kind of answer are you seeking here? Because I bet it will be at least as interesting as the ones you were quoting.

I'm always interested in the things on which people base their assumptions. "Chinese pools are bad" is a new one on me so I wanted to see if it was part of a new anti-chinese bitcoin movement or something.

Noobs gunna be nubes, you already knew that part. As far as sheeps and herds, look no further than reddit's r/bitcoin, and there's your answer. Nothing new to see here, move along folks. My bet is won.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
Evan
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January 19, 2015, 05:07:55 PM
 #20407

23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 

No reward?

I am poor, but i do work for Coin Smiley
1PtHcavXoakgNkQfEQdvnvEksEY2NvwaLM
MrTeal
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January 19, 2015, 05:12:13 PM
 #20408

23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 

No reward?
I got a reward. Are you sure you were mining at the end of the block?
Evan
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January 19, 2015, 05:30:58 PM
 #20409

23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 

No reward?
I got a reward. Are you sure you were mining at the end of the block?

My miner never turned off as far as I know....

23422 2015-01-18 01:30:35 14:39:21 111674000562 570904 0.00015393 339418  25.02145808 confirmed 
23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 
23420 2015-01-16 15:08:01 10:10:12 78629110635 473827 0.00015092 339214  25.20955590 confirmed 

I am poor, but i do work for Coin Smiley
1PtHcavXoakgNkQfEQdvnvEksEY2NvwaLM
MrTeal
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January 19, 2015, 05:37:30 PM
 #20410

23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 

No reward?
I got a reward. Are you sure you were mining at the end of the block?

My miner never turned off as far as I know....

23422 2015-01-18 01:30:35 14:39:21 111674000562 570904 0.00015393 339418  25.02145808 confirmed 
23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 
23420 2015-01-16 15:08:01 10:10:12 78629110635 473827 0.00015092 339214  25.20955590 confirmed 

23422 - 570904/111674000562=5.11e-6
23421 - 527624/145118640763=3.636e-6
23420 - 473827/78629110635=6.026e-6

For the earliest block you made up 0.0006% of the pool's hashrate (I'm guessing around 60GH/s?). That dropped considerably in the next block, and was still down in the block after that. If I had to guess, I'd say your miner went offline a little more than halfway through 23421, and didn't reconnect until sometime in 23422.
kkurtmann
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January 19, 2015, 08:27:14 PM
 #20411

23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 

No reward?
I got a reward. Are you sure you were mining at the end of the block?

My miner never turned off as far as I know....

23422 2015-01-18 01:30:35 14:39:21 111674000562 570904 0.00015393 339418  25.02145808 confirmed 
23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 
23420 2015-01-16 15:08:01 10:10:12 78629110635 473827 0.00015092 339214  25.20955590 confirmed 

23422 - 570904/111674000562=5.11e-6
23421 - 527624/145118640763=3.636e-6
23420 - 473827/78629110635=6.026e-6

For the earliest block you made up 0.0006% of the pool's hashrate (I'm guessing around 60GH/s?). That dropped considerably in the next block, and was still down in the block after that. If I had to guess, I'd say your miner went offline a little more than halfway through 23421, and didn't reconnect until sometime in 23422.

You don't have to guess. You nailed it bang on.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
Evan
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January 20, 2015, 12:27:43 AM
 #20412

23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 

No reward?
I got a reward. Are you sure you were mining at the end of the block?

My miner never turned off as far as I know....

23422 2015-01-18 01:30:35 14:39:21 111674000562 570904 0.00015393 339418  25.02145808 confirmed 
23421 2015-01-17 10:51:14 19:43:13 145118640763 527624 none 339327  25.17548613 confirmed 
23420 2015-01-16 15:08:01 10:10:12 78629110635 473827 0.00015092 339214  25.20955590 confirmed 

23422 - 570904/111674000562=5.11e-6
23421 - 527624/145118640763=3.636e-6
23420 - 473827/78629110635=6.026e-6

For the earliest block you made up 0.0006% of the pool's hashrate (I'm guessing around 60GH/s?). That dropped considerably in the next block, and was still down in the block after that. If I had to guess, I'd say your miner went offline a little more than halfway through 23421, and didn't reconnect until sometime in 23422.

You don't have to guess. You nailed it bang on.

Shitty internet then must of Disconnected... son of a gun.. my small miners are at Slush my big miner is over on Antpool :p

I am poor, but i do work for Coin Smiley
1PtHcavXoakgNkQfEQdvnvEksEY2NvwaLM
kkurtmann
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January 20, 2015, 07:59:34 AM
 #20413

Yes, your miners must have disconnected from the internet if they did not power off.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
kkurtmann
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January 21, 2015, 07:57:39 AM
 #20414

Unless you have big power, any of those chinese pools are going to pay very poorly. I switched my miners back on today, and lucky I got in on 3 blocks found today after a slow painful week.

I've been mining another currency at the moment which when converted to BTC pays better than mining any of those junk chinese pools.

If you support those chinese pools(f2pool, ghash, btc china etc) you're part of the problem btc is facing. Get out of there.

What other currency are you mining?

I would guess he/she is mining any new pump and dump coin that pays more bitcoin than just mining straight bitcoin. Example would be Paycoin which netted 10 times normal bitcoin payout for the week or two it lasted.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
kano
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January 21, 2015, 12:29:24 PM
 #20415

Unless you have big power, any of those chinese pools are going to pay very poorly. I switched my miners back on today, and lucky I got in on 3 blocks found today after a slow painful week.

I've been mining another currency at the moment which when converted to BTC pays better than mining any of those junk chinese pools.

If you support those chinese pools(f2pool, ghash, btc china etc) you're part of the problem btc is facing. Get out of there.

What other currency are you mining?

I would guess he/she is mining any new pump and dump coin that pays more bitcoin than just mining straight bitcoin. Example would be Paycoin which netted 10 times normal bitcoin payout for the week or two it lasted.
Then paycoin (xpy) took a nose dive ... as expected.

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
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January 21, 2015, 02:03:23 PM
 #20416

Unless you have big power, any of those chinese pools are going to pay very poorly. I switched my miners back on today, and lucky I got in on 3 blocks found today after a slow painful week.

I've been mining another currency at the moment which when converted to BTC pays better than mining any of those junk chinese pools.

If you support those chinese pools(f2pool, ghash, btc china etc) you're part of the problem btc is facing. Get out of there.

What other currency are you mining?

I would guess he/she is mining any new pump and dump coin that pays more bitcoin than just mining straight bitcoin. Example would be Paycoin which netted 10 times normal bitcoin payout for the week or two it lasted.
Then paycoin (xpy) took a nose dive ... as expected.
I don't understand, XPY is pegged at $20. The guy said so.
SargeR33
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January 21, 2015, 02:08:48 PM
 #20417

Nah this coin isn't worth MORE than bitcoin, but its MUCH easier to mine and not hard to flip to BTC.

I'm starting to think Slush may need to incorporate a double pay method on his pool. DGM + PPS, current + PPS. It might just help to maintain hashing power and confidence on those slower days. I had two of my miners on all day today, and got a little lucky, so I switched on my third miner. 9 hrs and nothing. Negated the previous blocks. Now all 3 are off, the pool will probably crack a block.

I'm starting to invest my btc in mining contracts online. Seems to do well. I'm also dumping a quarter of my weekly pay into BTC conversions and a new miner.

kkurtmann
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January 23, 2015, 05:47:17 AM
 #20418

Nah this coin isn't worth MORE than bitcoin, but its MUCH easier to mine and not hard to flip to BTC.

I'm starting to think Slush may need to incorporate a double pay method on his pool. DGM + PPS, current + PPS. It might just help to maintain hashing power and confidence on those slower days. I had two of my miners on all day today, and got a little lucky, so I switched on my third miner. 9 hrs and nothing. Negated the previous blocks. Now all 3 are off, the pool will probably crack a block.

I'm starting to invest my btc in mining contracts online. Seems to do well. I'm also dumping a quarter of my weekly pay into BTC conversions and a new miner.

Wtf is BTC conversions?

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
SargeR33
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January 23, 2015, 06:35:58 AM
 #20419

Nah this coin isn't worth MORE than bitcoin, but its MUCH easier to mine and not hard to flip to BTC.

I'm starting to think Slush may need to incorporate a double pay method on his pool. DGM + PPS, current + PPS. It might just help to maintain hashing power and confidence on those slower days. I had two of my miners on all day today, and got a little lucky, so I switched on my third miner. 9 hrs and nothing. Negated the previous blocks. Now all 3 are off, the pool will probably crack a block.

I'm starting to invest my btc in mining contracts online. Seems to do well. I'm also dumping a quarter of my weekly pay into BTC conversions and a new miner.

Wtf is BTC conversions?

Convert $150 a week into $150 worth of btc lol.

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January 24, 2015, 02:35:28 AM
 #20420

i am presuming the 20$ paycoin was a joke right Smiley ROFL bad thing about text cant tell if someone is joking.

But yes I got in on that brief mining period for paycoin and dumped it right away, was mighty nice to make 4x my normal mining for that week.
Paycoin has ponzi written all over it, I knew that but as miner it was a awesome chance to get in and get out and make a nice profit.

Just remember the old kenny song
"you've gots to know when to hold them, know when to fold them,, know when to walk away , and know when to run"

last thing i heard Ponzicoin is under investigation by the SEC, for all that 20$ peg non sense. As a result their value has plummeted and will most likely be a dead coin real soon. If your holding them get out while you can.

the only altcoin that i see right not as being a good investment is XRP and maybe NSR both have a solid dev team behind them.


 

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