Bitcoin Forum
February 24, 2018, 05:13:42 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: What type of pool payouts do you prefer?
Bitcoins - 3219 (80.4%)
Bank transfer / USD - 414 (10.3%)
Gold/silver coins and bars - 371 (9.3%)
Total Voters: 4002

Pages: « 1 ... 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 [489] 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 ... 1136 »
  Print  
Author Topic: [2+ EH] Slush Pool (slushpool.com); World's First Mining Pool  (Read 4324067 times)
diskodasa
Sr. Member
****
Offline Offline

Activity: 267
Merit: 250


Tokens That Store Virtual Energy


View Profile
June 07, 2013, 05:08:37 PM
 #9761

Checked the Gox graph lately? The last time BTC prices crashed this hard, Dwolla had just gotten snuffed out. Any idea what we're looking at this time? My guess is it has something to do with their policy change about account verification for fiat currency withdraws. Suppose it's going to jump back again? If so, it's a great time to swap your Gox dollars for BTC and sell them elsewhere if you don't just use them up instead. If it stabilizes at around $100, no big deal, still worth it for me. If it keeps dropping... Party's over! Everyone out of the pool. ASIC owners will enjoy their fancy bricks while GPU miners play games at max video settings.

You said it!!!

Withdraws from MtGox in EUR is on hold for more than 2 weeks....


            ████████████                                                     
 ▄▄▄▄▄▄▄    ███          ▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄  ▄▄▄    ▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄       
 ██▀▀▀▀██▄  ███         ██▀▀▀▀██▀▀▀▀██▀▀▀▀ ▐███▌   ██▀▀▀▀██▄▀▀▀▀██▀▀▀▀       
 ██     ██  ███   ▄▄    ██▄    ▀    ██     ██ ██   ██     ██    ██           
 ██ ▄▄▄██▀  ███  ████   ▀██████▄    ██    ▐█▌ ▐█▌  ██ ▄▄▄██▀    ██           
 ██  ▀██▄   ███   ▀▀    ▄    ▀██    ██    ███████  ██  ▀██▄     ██           
 ██    ▀██▄ ███         ██▄▄▄▄██    ██   ▐█▌   ▐█▌ ██    ▀██▄   ██           
 ▀▀      ▀▀ ███          ▀▀▀▀▀▀     ▀▀   ▀▀     ▀▀ ▀▀      ▀▀   ▀▀           
            ████████████     █████████████                                   
                                       ███                                   
         ████████ ██▄      ██          ███  ████████▄   ▄▄█████▄▄  ██▄     ▄██
         ██       ████▄    ██     ▄▄   ███  ██    ▀██ ▐██▀     ▀██  ▀██▄ ▄██▀
         ██▄▄▄▄▄▄ ██▀███▄  ██    ████  ███  ██   ▄▄██ ██              ▀███▀   
         ██▀▀▀▀▀▀ ██  ▀███▄██     ▀▀   ███  ██ ███▀▀  ██    ██████     ▐█▌   
         ██       ██    ▀████          ███  ██  ▀██▄  ▐██▄     ▄██     ▐█▌   
         ████████ ██      ▀██          ███  ██    ▀██▄  ▀▀█████▀▀      ▐█▌   
                              ████████████                                   
      ▄▄▄▄        ▄███▌
    ▄▄▄▄▄       ▄████▀
               █████   
    ▄▄▄▄▄▄▄▄ ▄▄ ▀▀   
 ▀▀████████▌ ▐██▌     
     ▀▀▀▀▀▀▀  ▀▀ ▄▄   
               █████▄ 
             █▄ ▀████▌
             ███  ▀███▌
             ███    ▀▀▀
             ███       
             ███       
             ███           
            ▐███▌     
           ▄█████▄     
  ▄▄▄▄▄▄▄▄█████████▄▄▄▄▄▄▄▄
 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Register and Get Access
Facebook   Telegram
Twitter       Announcement
1519449222
Hero Member
*
Offline Offline

Posts: 1519449222

View Profile Personal Message (Offline)

Ignore
1519449222
Reply with quote  #2

1519449222
Report to moderator
1519449222
Hero Member
*
Offline Offline

Posts: 1519449222

View Profile Personal Message (Offline)

Ignore
1519449222
Reply with quote  #2

1519449222
Report to moderator
1519449222
Hero Member
*
Offline Offline

Posts: 1519449222

View Profile Personal Message (Offline)

Ignore
1519449222
Reply with quote  #2

1519449222
Report to moderator
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1519449222
Hero Member
*
Offline Offline

Posts: 1519449222

View Profile Personal Message (Offline)

Ignore
1519449222
Reply with quote  #2

1519449222
Report to moderator
1519449222
Hero Member
*
Offline Offline

Posts: 1519449222

View Profile Personal Message (Offline)

Ignore
1519449222
Reply with quote  #2

1519449222
Report to moderator
Herp-a-derp
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


IPSX: Distributed Network Layer


View Profile
June 07, 2013, 05:30:16 PM
 #9762

Someone dumped a lot of BTC on to Gox last Sunday cueing the initial big value drop. This was followed by a smaller dump today which has accelerated the drop.


I imagine it will rise again until the next dump.


██▄
███ ▄
███ ██▄
███ ███
███ ███
███ ███
███ ███
███ ███
███ ███
██▀ ███
▀   ███
    ██▀
    ▀
ip e███▄                     ▄██
 ██████▄▄▄▄       ▄▄▄▄██████
  ███████████▄▄▄███████████
   ███████████████████████
    █████████████████████
     ███████████████████
      █████████████████
     ██████████████████
    ████████████████████
   ████████████████████
  █████████▀▀   ▀▀█████████
 █████▀               ▀█████
███▀                     ▀███
change    WHITEPAPER
ANN Thread   Twitter
Facebook   Telegram

██▄
███ ▄
███ ██▄
███ ███
███ ███
███ ███
███ ███
███ ███
███ ███
██▀ ███
▀   ███
    ██▀
    ▀
Decentralized
Internal Economy

Advanced Integration
Privacy & Security

██▄
███ ▄
███ ██▄
███ ███
███ ███
███ ███
███ ███
███ ███
███ ███
██▀ ███
▀   ███
    ██▀
    ▀

Join us: https://ip.sx/
IPSX Token Sale
bigbeninlondon
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
June 07, 2013, 05:44:53 PM
 #9763

So I was under the impression that the difficulty just meant that blocks were found more slowly.  But it appears that my hashrate has fallen about 20% across all of my miners.  Is this to be expected?  I'll check the miners when I get home, but I thought my MH/s would remain unaffected, I would just have a smaller payout.

I guess I'm still a little unclear how the difficulty affects the mining.  Can someone enlighten me on what my expectations should be?
bspurloc
Hero Member
*****
Offline Offline

Activity: 569
Merit: 500


View Profile
June 07, 2013, 06:02:23 PM
 #9764

So I was under the impression that the difficulty just meant that blocks were found more slowly.  But it appears that my hashrate has fallen about 20% across all of my miners.  Is this to be expected?  I'll check the miners when I get home, but I thought my MH/s would remain unaffected, I would just have a smaller payout.

I guess I'm still a little unclear how the difficulty affects the mining.  Can someone enlighten me on what my expectations should be?

The Pool GH/s has gone up another 1,000 gh/s which effects pay out % not your hashrate, nor would a diff increase that happened yesterday morning effect a hasah rate a day later....

 However you are saying your HASHRATE went down.... I know some IP's were offline all morning so maybe you were using those ip's and therefore not mining for an hour or 2.
Lucko
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000



View Profile
June 07, 2013, 06:05:20 PM
 #9765

Checked the Gox graph lately? The last time BTC prices crashed this hard, Dwolla had just gotten snuffed out. Any idea what we're looking at this time? My guess is it has something to do with their policy change about account verification for fiat currency withdraws. Suppose it's going to jump back again? If so, it's a great time to swap your Gox dollars for BTC and sell them elsewhere if you don't just use them up instead. If it stabilizes at around $100, no big deal, still worth it for me. If it keeps dropping... Party's over! Everyone out of the pool. ASIC owners will enjoy their fancy bricks while GPU miners play games at max video settings.

It's really not much to worry about.  If you'd have been watching the price for the last two years you would realize that this is the most stable it has been since it was around $5 / btc.  The price of btc has been super volatile over the last 2-3 years...

Nothing to see here, move along...
And my bot love it(volatility)... It making me BTC...
So I was under the impression that the difficulty just meant that blocks were found more slowly.  But it appears that my hashrate has fallen about 20% across all of my miners.  Is this to be expected?  I'll check the miners when I get home, but I thought my MH/s would remain unaffected, I would just have a smaller payout.

I guess I'm still a little unclear how the difficulty affects the mining.  Can someone enlighten me on what my expectations should be?
Hashrate follen? Reword or hashrate? If you didn't lost a card it shouldn't drop. Unless you are spiking about reword for block...
AngelusWebDesign
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
June 07, 2013, 06:35:08 PM
 #9766

What's up with the Russian text on the "My Account" page? Has the site been hacked or something?
5120-01-518-6126
Full Member
***
Offline Offline

Activity: 175
Merit: 100


< My mining rig >


View Profile
June 07, 2013, 06:37:16 PM
 #9767

What's up with the Russian text on the "My Account" page? Has the site been hacked or something?

Think you might have to reselect your language flag.
bigbeninlondon
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
June 07, 2013, 06:39:40 PM
 #9768

Checked the Gox graph lately? The last time BTC prices crashed this hard, Dwolla had just gotten snuffed out. Any idea what we're looking at this time? My guess is it has something to do with their policy change about account verification for fiat currency withdraws. Suppose it's going to jump back again? If so, it's a great time to swap your Gox dollars for BTC and sell them elsewhere if you don't just use them up instead. If it stabilizes at around $100, no big deal, still worth it for me. If it keeps dropping... Party's over! Everyone out of the pool. ASIC owners will enjoy their fancy bricks while GPU miners play games at max video settings.

It's really not much to worry about.  If you'd have been watching the price for the last two years you would realize that this is the most stable it has been since it was around $5 / btc.  The price of btc has been super volatile over the last 2-3 years...

Nothing to see here, move along...
And my bot love it(volatility)... It making me BTC...
So I was under the impression that the difficulty just meant that blocks were found more slowly.  But it appears that my hashrate has fallen about 20% across all of my miners.  Is this to be expected?  I'll check the miners when I get home, but I thought my MH/s would remain unaffected, I would just have a smaller payout.

I guess I'm still a little unclear how the difficulty affects the mining.  Can someone enlighten me on what my expectations should be?
Hashrate follen? Reword or hashrate? If you didn't lost a card it shouldn't drop. Unless you are spiking about reword for block...

Both; And I have several machines mining, and they've all dropped off.  Some 10%, some 25%.  But across the board, every device has lost hashing power.

I know that Slush's report of my hashrate can be a little off, but it's been consistently down since yesterday AND the reward has fallen in tandem.
digital
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


View Profile
June 07, 2013, 07:13:30 PM
 #9769

The difficulty changes are designed to keep blocks being found at a steady pace.  So when the total hash rate of the network goes up, and blocks start getting found faster, the difficulty will go up so that blocks will continue to be found at the same rate.

That's how we can predict when the next block halving will be.  It's all about math.  And the reason your reward goes down, is because there is more hashing power finding about the same amount of blocks.  So if you don't increase your hash power at the same rate the network/pool hash rate increases, then your share of the pie will get smaller.

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
bigbeninlondon
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
June 07, 2013, 07:15:20 PM
 #9770

The difficulty changes are designed to keep blocks being found at a steady pace.  So when the total hash rate of the network goes up, and blocks start getting found faster, the difficulty will go up so that blocks will continue to be found at the same rate.

That's how we can predict when the next block halving will be.  It's all about math.  And the reason your reward goes down, is because there is more hashing power finding about the same amount of blocks.  So if you don't increase your hash power at the same rate the network/pool hash rate increases, then your share of the pie will get smaller.

So the lower hashrate is specific to me, correct?  What I SHOULD see is the same hashrate, the same payout just less often.
auseeker
Jr. Member
*
Offline Offline

Activity: 31
Merit: 0



View Profile
June 07, 2013, 07:17:07 PM
 #9771

Checked the Gox graph lately? The last time BTC prices crashed this hard, Dwolla had just gotten snuffed out. Any idea what we're looking at this time? My guess is it has something to do with their policy change about account verification for fiat currency withdraws. Suppose it's going to jump back again? If so, it's a great time to swap your Gox dollars for BTC and sell them elsewhere if you don't just use them up instead. If it stabilizes at around $100, no big deal, still worth it for me. If it keeps dropping... Party's over! Everyone out of the pool. ASIC owners will enjoy their fancy bricks while GPU miners play games at max video settings.

It's really not much to worry about.  If you'd have been watching the price for the last two years you would realize that this is the most stable it has been since it was around $5 / btc.  The price of btc has been super volatile over the last 2-3 years...

Nothing to see here, move along...


Digital, you mentioned virwox as one of you're btc selling sites of choice. Does it take a while to get usd out of there? I've got a bunch in BTC-E i'm gonna unload when the price recovers and need a better/faster place to dump some coins. Thanks in advance.
Trongersoll
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500



View Profile
June 07, 2013, 07:21:54 PM
 #9772

incase people haven't realised it, the easiest way to turn BTCs into US$ is to buy ASICminers and sell them on eBay. heh.
auseeker
Jr. Member
*
Offline Offline

Activity: 31
Merit: 0



View Profile
June 07, 2013, 07:24:38 PM
 #9773

incase people haven't realised it, the easiest way to turn BTCs into US$ is to buy ASICminers and sell them on eBay. heh.


lol i bought 1 in arklan's group buy and its mining away happily right now. Was gonna buy more and sell on ebay, but everyone else has the same idea and the price will adjust itself accordingly i'm guessing.
Trongersoll
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500



View Profile
June 07, 2013, 07:27:33 PM
 #9774

incase people haven't realised it, the easiest way to turn BTCs into US$ is to buy ASICminers and sell them on eBay. heh.


lol i bought 1 in arklan's group buy and its mining away happily right now. Was gonna buy more and sell on ebay, but everyone else has the same idea and the price will adjust itself accordingly i'm guessing.

yeah but the price shouldn't drop below the exchange rate, otherwise it makes more sense to use them yourself.
nottm28
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
June 07, 2013, 07:32:31 PM
 #9775

The difficulty changes are designed to keep blocks being found at a steady pace.  So when the total hash rate of the network goes up, and blocks start getting found faster, the difficulty will go up so that blocks will continue to be found at the same rate.

That's how we can predict when the next block halving will be.  It's all about math.  And the reason your reward goes down, is because there is more hashing power finding about the same amount of blocks.  So if you don't increase your hash power at the same rate the network/pool hash rate increases, then your share of the pie will get smaller.

So the lower hashrate is specific to me, correct?  What I SHOULD see is the same hashrate, the same payout just less often.

Your hash rate should be stable - it will fluctuate slightly depending on individual worker luck - but if you had about 2 GH/s last week, then you should still have 2 GH/s this week. This is regardless of difficulty increases, increases in the pool hash rate or increases in the network hash rate.

That is the easy bit - your own hash rate is a relative constant.

Now, assuming your own hash rate remains constant (and you not adding in lots of usb miners - so you stay at 2 GH/s):

1) If the pool hash rate increases but the total network hash rate stays the same (so in other words, other existing miners move their rigs over to slush's pool)?

Then you should expect to find blocks more frequently - but your share of the payouts will go down slightly. Net effect is you earn the same over a week.

2) If slush's pool hash rate remains the same but the overall network hash rate increases?

Then you should expect to find blocks less frequently - but your share of the payouts will remain the same. Net effect is you earn less per week.

3) More typically, if slush's pool hash rate increases and the total network hash rate increases proportionally?

Then you should expect to find blocks relatively consistently - but your share of the payouts will go down. Net effect is you earn less per week.

donations not accepted
digital
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


View Profile
June 07, 2013, 07:38:19 PM
 #9776


Digital, you mentioned virwox as one of you're btc selling sites of choice. Does it take a while to get usd out of there? I've got a bunch in BTC-E i'm gonna unload when the price recovers and need a better/faster place to dump some coins. Thanks in advance.

Not at all.  But only if you use paypal.

I always use paypal.  Usually it takes a couple hours total.  And that includes confirmations.

Here's the process (it was a little confusing for me at first):

You deposit btc into your virwox wallett, wait for them to confirm
Sell the BTC for SLL
Sell the SLL for USD
Withdraw the USD via paypal.

Sometimes there is a delay before the paypal transaction gets proessed, but I've never had the total process take more than 6 hours.  And it works just as easy in reverse.  In my opinion it's the best way to buy and sell btc via paypal.

EDIT:  Fair warning though, it tends to be a little more pricey than waiting.  But for me it's worth the extra cost for getting my money (or btc) fast.

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
digital
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


View Profile
June 07, 2013, 07:43:09 PM
 #9777

The difficulty changes are designed to keep blocks being found at a steady pace.  So when the total hash rate of the network goes up, and blocks start getting found faster, the difficulty will go up so that blocks will continue to be found at the same rate.

That's how we can predict when the next block halving will be.  It's all about math.  And the reason your reward goes down, is because there is more hashing power finding about the same amount of blocks.  So if you don't increase your hash power at the same rate the network/pool hash rate increases, then your share of the pie will get smaller.

So the lower hashrate is specific to me, correct?  What I SHOULD see is the same hashrate, the same payout just less often.

nottm28 covered it in pretty good detail, but yeah you should see the same hashrate, but with a little LOWER payout, just as often.  At least in the current circumstances, where the total hash rate keeps going up.

And keep in mind, this is all talking in averages.  There will be variance in all the numbers, but they even out over time.

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
KNK
Hero Member
*****
Offline Offline

Activity: 669
Merit: 500


View Profile
June 07, 2013, 07:50:05 PM
 #9778

So the lower hashrate is specific to me, correct?  What I SHOULD see is the same hashrate, the same payout just less often.

Your hash rate should be stable - it will fluctuate slightly depending on individual worker luck - but if you had about 2 GH/s last week, then you should still have 2 GH/s this week. This is regardless of difficulty increases, increases in the pool hash rate or increases in the network has rate.

That is the easy bit - your own hash rate is a relative constant.

Absolutely agree. I just want to add that if you have connection problems or the machine is by some reason lagged/busy (you play games or watching a movie) - you may expect some drops in your hashrate.

Another case is if you are load balancing between several pools (like me) - you may see quite a lot of fluctuations in hashrate per pool, based on connection delay to the pool, because of routing or busy (hence slow) server

BTC tips: 1KNK1akhpethhtcyhKTF2d3PWTQDUWUzHE
auseeker
Jr. Member
*
Offline Offline

Activity: 31
Merit: 0



View Profile
June 07, 2013, 07:55:50 PM
 #9779


Digital, you mentioned virwox as one of you're btc selling sites of choice. Does it take a while to get usd out of there? I've got a bunch in BTC-E i'm gonna unload when the price recovers and need a better/faster place to dump some coins. Thanks in advance.

Not at all.  But only if you use paypal.

I always use paypal.  Usually it takes a couple hours total.  And that includes confirmations.

Here's the process (it was a little confusing for me at first):

You deposit btc into your virwox wallett, wait for them to confirm
Sell the BTC for SLL
Sell the SLL for USD
Withdraw the USD via paypal.

Sometimes there is a delay before the paypal transaction gets proessed, but I've never had the total process take more than 6 hours.  And it works just as easy in reverse.  In my opinion it's the best way to buy and sell btc via paypal.

EDIT:  Fair warning though, it tends to be a little more pricey than waiting.  But for me it's worth the extra cost for getting my money (or btc) fast.

Awesome!! Thanks for the advice on the steps to process the transaction. The speed i can withdraw my money is worth it to me as well. Looks like a nice alternative to the time intensive process i've been thru with coinbase. Thanks again!
nottm28
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
June 07, 2013, 08:14:18 PM
 #9780

Also wanted to to say that the difficulty increases are simply an indicator that the overall network hash rate is increasing. Each bitcoin block is, by design, meant to be found every 10 minutes on average. If a load of new asic miners come online, then clearly that 10 mins will become 8 mins or 7 say. So 'they' increase the difficulty so that we are back to on average 1 block per 10 mins.

donations not accepted
Pages: « 1 ... 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 [489] 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 ... 1136 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!