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bulanula
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November 09, 2011, 07:26:01 PM |
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A mining pool considering offering silver as a payout method? Let me know if you need a North American supplier/distributor slush.
Seeing that pricewiese, bitcoinmint.US and I am not that far apart, I am even able to beat him for coins in quantities >3 (thats without insurance, however)I offer shipping discounts for multiple item orders but I have to be contacted directly due to bit-pay not yet supporting this feature.  So is the plan for gold "mining" still on ? I think it will decrease BTC value. |
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slush (OP)
Legendary
 Offline
Activity: 1386
Merit: 1097
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November 09, 2011, 08:02:07 PM |
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bulanula: Firstly, there's no obvious reason why it should do anything with price. People who want to cash out will cash out with or without gold coins offer. And I was only asking for possible demand - it does not mean I'll implement it second day, for various reason.
I still don't think that 30% of pool users will really use this payout method, because most of them don't realize how much cost of "single coin every week" will cost them.
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digital
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November 09, 2011, 10:04:43 PM |
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Not to mention the fact that only 65 people have voted, and I'm sure there are a hell of a lot more people using the pool. Not very likely that we got a representative sampling of the entire community of pool users..
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If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20 50051.100 53668.0 53788.0 53571.0 53571.0 52212.0 50729.0 114804.0 115468 78106 69061 58572 54747
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BTCcommodities
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November 09, 2011, 10:52:57 PM |
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bulanula: Firstly, there's no obvious reason why it should do anything with price. People who want to cash out will cash out with or without gold coins offer. And I was only asking for possible demand - it does not mean I'll implement it second day, for various reason.
I still don't think that 30% of pool users will really use this payout method, because most of them don't realize how much cost of "single coin every week" will cost them.
bitcoinmint and me are bouncing some ideas off each other, lets see where that takes us. might be that we can present you with some interesting propositions - the man has an open mind and hes an entrepreneur. only good can come from this. |
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slush (OP)
Legendary
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Activity: 1386
Merit: 1097
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November 10, 2011, 02:55:04 AM |
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I finally added luckmeter to stats page. one day, seven day and one month average is calculated. Keep in mind that especially one day average is very inaccurate, because is calculated only from few last blocks.
Btw 30day average shows that pool had really crippled luck, we had few 10+ mil rounds and added variance thanks to ddos and pool outage. But last 7 days looks pretty nice :-).
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Bemtje
Member
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Activity: 78
Merit: 10
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November 10, 2011, 07:46:11 AM |
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You've got my 18 GH/s on your side!
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bulanula
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November 10, 2011, 06:20:51 PM |
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You've got my 18 GH/s on your side!
Welcome to the dark side  |
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BitcoinMint.US
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November 10, 2011, 11:19:55 PM |
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So is the plan for gold "mining" still on ? I think it will decrease BTC value.
I think it has just as much potential to cause a rise in price. For example, lets say someone usually cashes out all of his bitcoins that he receives from the pool everyday. Then that person decides he wants a gold coin so he sets his account to pay out gold. He's now saving up bitcoins until he has enough for the coin. Could you imagine if every miner on slush's pool suddenly started saving up 600+ bitcoins? That would be very bullish for the bitcoin price. |
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macrum
Newbie
Offline
Activity: 24
Merit: 0
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November 12, 2011, 05:50:52 PM |
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So is the plan for gold "mining" still on ? I think it will decrease BTC value.
I think it has just as much potential to cause a rise in price. For example, lets say someone usually cashes out all of his bitcoins that he receives from the pool everyday. Then that person decides he wants a gold coin so he sets his account to pay out gold. He's now saving up bitcoins until he has enough for the coin. Could you imagine if every miner on slush's pool suddenly started saving up 600+ bitcoins? That would be very bullish for the bitcoin price. That would be great! But I don't think that too much people will do this... |
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AniceInovation
Donator
Sr. Member
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Activity: 446
Merit: 262
Interesting.
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November 13, 2011, 09:34:52 PM
Last edit: November 15, 2011, 04:45:20 AM by AniceInovation |
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Slush, I have been noticing that on fast blocks i'm only getting paid 85% of the normal ones.
Check blocks 8776, 8777 and 8778.
Can you tell me by your logs or something if i'm having connection problem or anything else? Here everything seems normal, i don't see connection problems.
EDIT: something went seriously wrong with block 8841. According to my shares, i should have been payed 7x more than i was.
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BTCcommodities
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November 14, 2011, 07:58:47 AM |
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So is the plan for gold "mining" still on ? I think it will decrease BTC value.
I think it has just as much potential to cause a rise in price. For example, lets say someone usually cashes out all of his bitcoins that he receives from the pool everyday. Then that person decides he wants a gold coin so he sets his account to pay out gold. He's now saving up bitcoins until he has enough for the coin. Could you imagine if every miner on slush's pool suddenly started saving up 600+ bitcoins? That would be very bullish for the bitcoin price. That would be great! But I don't think that too much people will do this... well, if "only" a dozen or so... depends on how big they are with their mining operations. A 1GH/s miner would probably need a cuple of days to save up to a coin. Someone with 30+GH/s wouldnt. It all depends. |
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silverfuture
Legendary
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Activity: 947
Merit: 1008
central banking = outdated protocol
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November 14, 2011, 07:43:41 PM |
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luck has been good lately  |
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trilby
Newbie
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Activity: 45
Merit: 0
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November 14, 2011, 07:53:30 PM |
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luck has been good lately yes its been really good luck on the day when my most powerful miner goes offline due to a connection issue and i loose half my hash power |
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silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
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November 14, 2011, 08:12:49 PM |
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I took off in the middle of the night to correct low hashing power. Ended up upgrading the kernel and miner version so along with waiting to see how it turned out I was away for a couple hours. My GF is very understanding |
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dietwice
Newbie
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Activity: 58
Merit: 0
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November 15, 2011, 03:40:20 PM |
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It looks like something has got broken.
What's the probability of a lot of short blocks to be followed by several very long in a row?
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slush (OP)
Legendary
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Activity: 1386
Merit: 1097
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November 15, 2011, 03:49:35 PM |
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It looks like something has got broken.
Everything is ok. What was the probability that pool had >130% luck for many days before? What's the probability of a lot of short blocks to be followed by several very long in a row?
I don't know. But are you saying that there's some magical bug thanks to which pool is sometimes finding blocks in very short rounds? Now it is just averaging out previous luck. |
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digital
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November 15, 2011, 04:28:49 PM |
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Yeah, the one day luck was up over 150% for a while there. I can deal with a few long rounds after that...
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If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20 50051.100 53668.0 53788.0 53571.0 53571.0 52212.0 50729.0 114804.0 115468 78106 69061 58572 54747
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silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
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November 15, 2011, 06:40:48 PM |
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7 day luck is 107% ... after the challenges of the past weeks it is welcome. Thanks for your work slush.
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fourd00rgtz
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November 16, 2011, 05:48:38 AM |
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If anything becomes of the "mine for gold" could we also impliment "mine for silver"?
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naypalm
Legendary
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Activity: 1272
Merit: 1012
howdy
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November 16, 2011, 06:02:44 AM |
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If anything becomes of the "mine for gold" could we also impliment "mine for silver"?
Silver would be a very cool idea if this gets implemented  |
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