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Author Topic: [2.5+ EH] Slush Pool (slushpool.com); World's First Mining Pool  (Read 4326774 times)
Sir Alan
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June 08, 2015, 10:53:00 PM
 #20901

Still dropping – now below 10 Ph/s.  Maybe the recent slip in the BTC value has made some of the big players think hard about the cost of running their rigs, although BTCguild hasn't dropped as much hashing power.

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Mikestang
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June 08, 2015, 10:59:02 PM
 #20902

Summer is heating up all over the northern hemisphere, most pools are seeing a drop in hash rate, and thus the back-to-back negative diff adjustments we just saw recently.
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June 09, 2015, 06:00:51 AM
 #20903

Summer is heating up all over the northern hemisphere, most pools are seeing a drop in hash rate, and thus the back-to-back negative diff adjustments we just saw recently.

Except that doesnt explain the 3% incoming increase =P
So, wishful thinking
...

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organofcorti
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June 09, 2015, 06:35:24 AM
 #20904

Summer is heating up all over the northern hemisphere, most pools are seeing a drop in hash rate, and thus the back-to-back negative diff adjustments we just saw recently.

Except that doesnt explain the 3% incoming increase =P
So, wishful thinking
...

Anything less than +/= 4.5% per retarget is indistinguishable from variance. That is, if difficulty moves up or down by less than ~ 4.5%, you can't prove that the underlying hashrate has changed significantly.


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finbad
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June 09, 2015, 12:41:27 PM
 #20905

if you average out the increase from the last double digit increase, which was 15 increases ago,

one gets a whooping 1.51%   


GenTarkin
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June 09, 2015, 03:59:50 PM
 #20906

So, how do I go about getting the slush discount for trezor? Ive been mining here for over 3 days w/ 5TH ... no clue where to find the offer.

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jackbox
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June 09, 2015, 04:07:05 PM
 #20907

So, how do I go about getting the slush discount for trezor? Ive been mining here for over 3 days w/ 5TH ... no clue where to find the offer.

You can use your API key as a discount code on the buytrezor website. One time use only but you can buy multiple trezors in one purchase and get multiple discounts (I think up to three).

Buy a Trezor and Protect your BTC, BCH, BTG, DASH, LTC, DGB, ZEC, ETH and ETC from hackers.
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June 09, 2015, 06:24:15 PM
 #20908

So, how do I go about getting the slush discount for trezor? Ive been mining here for over 3 days w/ 5TH ... no clue where to find the offer.

You can use your API key as a discount code on the buytrezor website. One time use only but you can buy multiple trezors in one purchase and get multiple discounts (I think up to three).


cool thanks!!!

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man114
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June 09, 2015, 08:45:20 PM
 #20909

Still dropping – now below 10 Ph/s.  Maybe the recent slip in the BTC value has made some of the big players think hard about the cost of running their rigs, although BTCguild hasn't dropped as much hashing power.

9.8 now just checked. Helps smaller players like myself, if they hit a block payout is more. I'm actually tempted to go plug a few old rigs in in my basement.
rpandassociates
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June 09, 2015, 08:52:39 PM
 #20910

yup seems a mass exodus from the pool. Odd

Block times are getting nailed everytime the PH drops a few. Crazy. About to pull out myself. Just cant handle less than 5-6 blocks a day or else i am burning more power than I am gaining in BTC. 
pekatete
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June 09, 2015, 08:57:18 PM
 #20911

yup seems a mass exodus from the pool. Odd

Block times are getting nailed everytime the PH drops a few. Crazy. About to pull out myself. Just cant handle less than 5-6 blocks a day or else i am burning more power than I am gaining in BTC. 

I think this yoyoing is affecting our luck ...... but if we get some stability then our luck will return. 10Ph or abouts is not exactly small, though admitedly it's just over half our peak in the last month.
But at this rate, it makes even kano.is an attractive option seeing theyve been popping approx a block every 28hrs in the last week!

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June 10, 2015, 01:19:45 AM
 #20912

It seems quite odd to me when I look at the hash rate on Slush's Pool and BTCGuild, the hash rate has gone down considerably.  However, if you look at the overall network hash rate, it has gone up considerably.  Any thoughts?

We should come together as a community to promote the best coin(s) for humanity in regards to decentralized currency, privacy, freedom of speech and freedom from tyranny.
eleuthria
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June 10, 2015, 02:53:49 AM
 #20913

It seems quite odd to me when I look at the hash rate on Slush's Pool and BTCGuild, the hash rate has gone down considerably.  However, if you look at the overall network hash rate, it has gone up considerably.  Any thoughts?

Home miners continuing to leave while giant farms (especially in China) continue to come online.  Now that it's getting hot in the northern hemisphere (which is where most home miners are located), it's becoming even more of a loss to keep miners running due to the extra cooling needed if you have them in your home.  They also perform worse at higher ambient temperatures, so home miners are literally just losing some of their hashrate in the warmer weather.


EDIT:  Also the fact that there's not a single pool outside of China that even has 5% of the network anymore makes it a self-fulfilling prophecy that the pools continue to shrink because people can't stand variance.

RIP BTC Guild, April 2011 - June 2015
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June 10, 2015, 02:55:33 AM
 #20914

It seems quite odd to me when I look at the hash rate on Slush's Pool and BTCGuild, the hash rate has gone down considerably.  However, if you look at the overall network hash rate, it has gone up considerably.  Any thoughts?

Home miners continuing to leave while giant farms (especially in China) continue to come online.  Now that it's getting hot in the northern hemisphere (which is where most home miners are located), it's becoming even more of a loss to keep miners running due to the extra cooling needed if you have them in your home.  They also perform worse at higher ambient temperatures, so home miners are literally just losing some of their hashrate in the warmer weather.


EDIT:  Also the fact that there's not a single pool outside of China that even has 5% of the network anymore makes it a self-fulfilling prophecy that the pools continue to shrink because people can't stand variance.

Sounds logical...

Thanks!

We should come together as a community to promote the best coin(s) for humanity in regards to decentralized currency, privacy, freedom of speech and freedom from tyranny.
edonkey
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June 10, 2015, 02:57:18 PM
 #20915

Another possible explanation for the recent hash rate downturn might be that rental prices have been up for the past few days. Maybe some miners are chasing higher profits and will return when the rental market goes back down.

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ajas
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June 10, 2015, 05:58:10 PM
 #20916

There is an ongoing discussion to increase the block size limit.

To my understanding the decision to use lager block sizes has
to be made by the miners. So what is the oppinion of the miners
at shush's pool and of the pool operator ?

If this topic is discussed somethere else and I missed it please
direct me to that post.

A
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June 10, 2015, 06:05:21 PM
 #20917

There is an ongoing discussion to increase the block size limit.

To my understanding the decision to use lager block sizes has
to be made by the miners. So what is the oppinion of the miners
at shush's pool and of the pool operator ?

If this topic is discussed somethere else and I missed it please
direct me to that post.

A


If you wish to try to get that answer from Slush, it needs to be on FaceBook.

We should come together as a community to promote the best coin(s) for humanity in regards to decentralized currency, privacy, freedom of speech and freedom from tyranny.
KNK
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June 10, 2015, 07:16:04 PM
 #20918

There is an ongoing discussion to increase the block size limit.

To my understanding the decision to use lager block sizes has
to be made by the miners. So what is the oppinion of the miners
at shush's pool and of the pool operator ?

As a miner and a full node owner - I would vote against that
Why?
Because it takes more space:
 Yes, the hard drive space gets cheaper, but this assumes you constantly upgrade your drive space = constant expenses
 It takes longer to scan the blockchain, JUST to confirm a transaction is valid and not double spend
 It needs more CPU power to confirm each and every transaction = more expenses

Also Satoshi stated (and it is stored in the bitcoin logic), that at some point the transaction fees will be more than the reward, but if there is no concurrency for the place in the block - there is no stimulus to add bigger fee, so larger block size will actually open another/different can of worms or simply put - hurt bitcoin more than help it

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chiguireitor
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June 10, 2015, 07:33:54 PM
 #20919

[...] To my understanding the decision to use lager block sizes has
to be made by the miners [...]

No, the decision must come from consensus on the Bitcoin Foundation and coders, probably derived from consensus with full node owners. Miners (pool miners, specifically) play little or no role regarding block size.

GenTarkin
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June 10, 2015, 08:22:10 PM
 #20920

Summer is heating up all over the northern hemisphere, most pools are seeing a drop in hash rate, and thus the back-to-back negative diff adjustments we just saw recently.

Except that doesnt explain the 3% incoming increase =P
So, wishful thinking
...

Anything less than +/= 4.5% per retarget is indistinguishable from variance. That is, if difficulty moves up or down by less than ~ 4.5%, you can't prove that the underlying hashrate has changed significantly.



Yeah, check it now dude, steady increase the last 5 days or so from -% to almost 5% .... theres definitely a surge in hashrate. This really sucks.

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