gourmet
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September 16, 2013, 09:54:14 PM Last edit: September 17, 2013, 12:25:44 AM by gourmet |
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What part of "after all the operating expenses are applied" makes it "counting the coin's value twice"? I reiterate: if I ended up with a -$100 (loss) after all the expenses are subtracted, it stands that I have one BTC that cost me $100 (debit) which is actually worth $138 or so in the market.
Expenses are subtracted from what amount? If you subtracted from the coins value, like: 1 BTC: 138$ minus energy 200$ minus value decrease of hardware 38$ = -100$ than its not a coin which cost 100$ and is a good buy, its a coin which cost 238$ and is worth 138$, thus a bad buy which made you loose 100$. If you just list all expenses and get 100$, thats not a 100$ loss, its 100$ costs, and if compared to the BTC price, you end up with a 38$ win. If you did it that way, you calculated right, and i was just confused by the terms u used. But the point of my initial post was to say that there is really no way for energy costs alone to not exceed the value of the mined coins by far. So what i want to say: If you mine BTC with GPUs, even when not considering hardware costs, you will always end up "buying" BTC at a very very very expensive rate. Again, it's after all expenses (equipment depreciation, energy bill, etc.) are applied, i.e. if you create a balance sheet after producing one BTC, a -$100 balance resulted. However, an asset worth $138 has also been acquired in the process (1 BTC) in my example. That leaves a $38 profit ($138 less $100). Perhaps, I should have taken your post from my original quote; my post was in reference to my concept being similar to scooter's and not your post. p.s. I see your point though. It would not be a loss. I tend to isolate BTC mined and apply them last (since they are very volatile) in my way of accounting (more like ghetto accounting). ( emphasis mine) Again: To what are the expenses applied? To the market price of the BTC generated? If you create a balance, as you say, there's -$238 on one side and +$138 on the other side, the result being -$100. But you have accounted for the BTC value once already (as if you have "sold" it). So you can't say you have one BTC for $100. You have it for $238. You can't get $138 for the one BTC and still have it. :-) You say an asset worth $138 has also been acquired. Yes, it has. But you can either keep it (and it costs you $238 at your expenses) or sell it for $138, then you decrease your direct loss to "only" $100. You can't say I have one BTC that cost me $100 (debit). If you are in the position that the process has cost you $100, you already do not have the BTC. If you still have it, it cost you $238. [edit]: In case you mean $100 are only the expenses and you really end with $38 profit, then you can't call the $100 amount balance. In that case, it's no balance, it's just expenses. Balance has always two sides, one being the earnings, i.e. the BTC value in this case. In that case, balance would be those +$38. It's impossible to have a balance of -$100 and a profit of +$38 at the same time. :-)))
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gourmet
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September 17, 2013, 12:47:07 AM |
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Difficulty settings dictate what level of difficulty the miner will accept and send to the pool. Higher difficulty means higher rejects. Diff 16 means harder hashes, but every hash counts as 16 shares.
Why does higher difficulty mean higher rejects? (Does it really?) I think what he means is with the higher worker diff rate it just appears they have a higher rejection rate only because you need to take your accepted shares x worker diff then divide by your rejects to see what the rejected % is. In fact, you have to swap the numerator and the denominator in your clause. ;-) I.e., divide the rejects by the total shares, not reversely. Yes, and you have to divide by total shares, i.e. accepted and rejected together, to get the rejected percentage.
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aurel57
Legendary
Offline
Activity: 1246
Merit: 1000
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September 17, 2013, 09:06:20 AM |
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Difficulty settings dictate what level of difficulty the miner will accept and send to the pool. Higher difficulty means higher rejects. Diff 16 means harder hashes, but every hash counts as 16 shares.
Why does higher difficulty mean higher rejects? (Does it really?) I think what he means is with the higher worker diff rate it just appears they have a higher rejection rate only because you need to take your accepted shares x worker diff then divide by your rejects to see what the rejected % is. In fact, you have to swap the numerator and the denominator in your clause. ;-) I.e., divide the rejects by the total shares, not reversely. Yes, and you have to divide by total shares, i.e. accepted and rejected together, to get the rejected percentage. Yes I was wrong and had that backwards. But that is a good point about adding back in the rejects which I totally missed. Thanks
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zurg
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September 17, 2013, 12:13:18 PM |
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I am pulling my BF from Slush's. From BitFury page I am hitting 36-39GH/s (running 24/7 obviously) Lately there have been to many instances where BF is reporting 36Gh lets say ans Slush's is saying my reward is not what is should be. My only temporary fix for this was to restart my miner every few hours or when I catch the rewards levels drifting off to where I know it's a problem somewhere. (I am going to test a few days with Bitminter to see if any difference. The last 30min it's been 37 to 40Gh.) Let the test begin. # Block found at Duration Total shares Your shares Your BTC reward Block # Block value Validity 20058 2013-09-15 17:29:19 0:13:43 12548741 6854 0.01344081 258178 25.19760381 73 confirmations left 20057 2013-09-15 17:15:36 0:30:45 27923822 15687 0.01340737 258176 25.03930960 71 confirmations left 20056 2013-09-15 16:44:51 1:41:51 92542754 53523 0.01400364 258172 25.17849582 67 confirmations left 20055 2013-09-15 15:03:00 0:28:30 25660964 8143 0.00795845 258164 25.10434846 59 confirmations left 20054 2013-09-15 14:34:30 3:54:12 212791583 113196 0.00777608 258159 25.08676663 54 confirmations left 20053 2013-09-15 10:40:18 2:36:46 141656128 82434 0.01397730 258135 25.18045046 30 confirmations left 20052 2013-09-15 08:03:32 1:00:39 54904212 33131 0.01343850 258117 25.02893680 12 confirmations left 20051 2013-09-15 07:02:53 4:03:00 218937938 126283 0.01426751 258108 25.32093276 3 confirmations left 20050 2013-09-15 02:59:53 5:12:41 284428611 135114 0.01408910 258072 25.12901062 confirmed 20049 2013-09-14 21:47:12 2:13:35 122161653 56129 0.00753105 258034 25.14307541 confirmed 20048 2013-09-14 19:33:37 0:50:57 46401717 27014 0.01465370 258015 25.01535462 confirmed 20047 2013-09-14 18:42:40 0:13:34 12502023 6850 0.01222630 258003 25.07640000 confirmed 20046 2013-09-14 18:29:06 0:02:01 1829874 929 0.01257313 258001 25.03120000 confirmed 20045 2013-09-14 18:27:05 1:37:26 88768628 41450 0.01300920 258000 25.09370015 confirmed 20044 2013-09-14 16:49:39 0:31:22 28885734 16083 0.01064981 257982 25.24410730 confirmed 20043 2013-09-14 16:18:17 2:17:04 122606366 52388 0.01310560 257979 25.25859928 confirmed 20042 2013-09-14 14:01:13 0:34:28 29963805 18377 0.01397606 257961 25.08078998 confirmed 20041 2013-09-14 13:26:45 3:19:09 170795001 77586 0.01602968 257953 25.09193760 confirmed # Block found at Duration Total shares Your shares Your BTC reward Block # Block value Validity 20061 2013-09-16 05:16:58 1:14:04 66928719 49531 0.02453905 258271 25.17486378 85 confirmations left 20060 2013-09-16 04:02:54 2:42:23 146349338 4333 0.00076529 258261 25.11184913 75 confirmations left 20059 2013-09-16 01:20:31 7:51:12 427752608 384437 0.00074610 258243 25.33121055 57 confirmations left 20058 2013-09-15 17:29:19 0:13:43 12548741 12495 0.02438421 258178 25.19760381 confirmed 20057 2013-09-15 17:15:36 0:30:45 27923822 26600 0.02210033 258176 25.03930960 confirmed 20056 2013-09-15 16:44:51 1:41:51 92542754 87780 0.02440325 258172 25.17849582 confirmed 20055 2013-09-15 15:03:00 0:28:30 25660964 23275 0.02137285 258164 25.10434846 confirmed 20054 2013-09-15 14:34:30 3:54:12 212791583 203525 0.02038170 258159 25.08676663 confirmed 20053 2013-09-15 10:40:18 2:36:46 141656128 133525 0.02343147 258135 25.18045046 invalid 20052 2013-09-15 08:03:32 1:00:39 54904212 53235 0.02388774 258117 25.02893680 confirmed 20051 2013-09-15 07:02:53 4:03:00 218937938 209965 0.02502974 258108 25.32093276 confirmed Same here. I restarted the mining proxy to fix it. Well, I've been mining with BitMinter and have zero of the issues I had with this pool. Which sux as I like Slush's! I just tried again and BF was showing 45Gh/s while Slush's spiked to a whooping 375Mhashes/s.
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Mudbankkeith
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September 17, 2013, 01:10:11 PM |
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Well, I've been mining with BitMinter and have zero of the issues I had with this pool. Which sux as I like Slush's! I just tried again and BF was showing 45Gh/s while Slush's spiked to a whooping 375Mhashes/s. Be careful with the "375Mhashes/s" figure from Slush's Pool. This is only an estimate. Quote from the website:- (* The calculation is based on the number of shares so far, which may not be accurate for slower workers.) So the figure will be low when you first connect and (will) (should) increase after a few hours connected. The low Btc count can also be partly due to the large swings in the "daily pool luck" appearing on Slush's, 73% to 160% within a very few hours. Block time can be 7 hours or more, and as short as 1 min, or less. If you lose 30 seconds, due to a restart, in a 1 min block your share count will be half of your normal count. Another difficulty that will influence pool figures is the size of miners coming into the pool and being taken out again.(pool testing is as disruptive as pool skipping) In June a 350Mh/s GPU miner was the normal size, Now in September 64Gh/s is the size for new rigs. You need a 24 hour uninterupted run to compare figures. Also be aware that thousands of other people are currently experimenting with similar rigs, and looking for the "best pool for their configuration". This is bound to cause variations in the short term results.
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BTc donations welcome:- 13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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zurg
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September 17, 2013, 01:20:40 PM Last edit: September 17, 2013, 01:35:14 PM by zurg |
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Well, I've been mining with BitMinter and have zero of the issues I had with this pool. Which sux as I like Slush's! I just tried again and BF was showing 45Gh/s while Slush's spiked to a whooping 375Mhashes/s. Be careful with the "375Mhashes/s" figure from Slush's Pool. This is only an estimate. Quote from the website:- (* The calculation is based on the number of shares so far, which may not be accurate for slower workers.) So the figure will be low when you first connect and (will) (should) increase after a few hours connected. The low Btc count can also be partly due to the large swings in the "daily pool luck" appearing on Slush's, 73% to 160% within a very few hours. Block time can be 7 hours or more, and as short as 1 min, or less. If you lose 30 seconds, due to a restart, in a 1 min block your share count will be half of your normal count. Another difficulty that will influence pool figures is the size of miners coming into the pool and being taken out again.(pool testing is as disruptive as pool skipping) In June a 350Mh/s GPU miner was the normal size, Now in September 64Gh/s is the size for new rigs. You need a 24 hour uninterupted run to compare figures. Also be aware that thousands of other people are currently experimenting with similar rigs, and looking for the "best pool for their configuration". This is bound to cause variations in the short term results. Thanks for the tip. I might have jumped the gun on the 375 assumption today as I was used to Slush's normally show me the correct hashrate fairly quickly before. Went up to 1.6k now.. Shares submitted is still kind of low to what it should be.., BitMinter and BTC Guild showed proper numbers within 5min.
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aurel57
Legendary
Offline
Activity: 1246
Merit: 1000
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September 17, 2013, 04:23:46 PM |
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#258513 nice reward had a 12.43 transaction fee
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overunity
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September 17, 2013, 05:34:45 PM |
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Just wondered if anyone could help ,Igot an asicminer usb stick today but I been trying to se it up all day .
I eventually got the drivers installed and the usb stick plugged in .
But the videos I watched are all for Bitminter were you download their program and the miner shows up and you click run .
But if I open open slushes website there is no such software it is just a place to register new workers .
Is there any videos of someone setting up a usb stick to mine on slush's pool .?
any help would be appreciated ty.
I prefer videos to a wall of text tbh .
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bitcoiner49er
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September 17, 2013, 05:52:02 PM |
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#258513 nice reward had a 12.43 transaction fee
Yeah this guy likes to put big fees on his transactions.
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Homo doctus is se semper divitias habet
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Trongersoll
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September 17, 2013, 05:57:35 PM |
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#258513 nice reward had a 12.43 transaction fee
Yeah this guy likes to put big fees on his transactions. rippleflip?
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KNK
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September 17, 2013, 06:07:21 PM |
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Yeah this guy likes to put big fees on his transactions. And his (or her) transactions are always exactly for 603.004551 BTC
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nottm28
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September 17, 2013, 06:28:51 PM |
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Just wondered if anyone could help ,Igot an asicminer usb stick today but I been trying to se it up all day .
I eventually got the drivers installed and the usb stick plugged in .
But the videos I watched are all for Bitminter were you download their program and the miner shows up and you click run .
But if I open open slushes website there is no such software it is just a place to register new workers .
Is there any videos of someone setting up a usb stick to mine on slush's pool .?
any help would be appreciated ty.
I prefer videos to a wall of text tbh .
Using cgminer 3.1.1 create a windows .bat file with the following (similar) contents Right-click on My Computer -> Properties -> Device Manager -> Ports (COM) Note which COM port your miner is attached to and change COM3 (no space) to COMX where X is your COM port number. C:\cgminer-3.1.1-windows\cgminer.exe --icarus-options 115200:1:1 --icarus-timing 3.0=100 -S //./COM3 -o http://stratum.bitcoin.cz:3333 -u USERNAME -p PASSWORD -I 9 -w 256 --auto-fan --temp-target 70
Run the batch file. Try that...
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donations not accepted
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macsheadroom
Member
Offline
Activity: 104
Merit: 10
Computer Service Tech
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September 17, 2013, 06:50:11 PM |
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Just wondered if anyone could help ,Igot an asicminer usb stick today but I been trying to se it up all day .
I eventually got the drivers installed and the usb stick plugged in .
But the videos I watched are all for Bitminter were you download their program and the miner shows up and you click run .
But if I open open slushes website there is no such software it is just a place to register new workers .
Is there any videos of someone setting up a usb stick to mine on slush's pool .?
any help would be appreciated ty.
I prefer videos to a wall of text tbh .
You need our front page http://mining.bitcoin.cz/and BFGMiner https://bitcointalk.org/index.php?topic=168174.0or your choice among these others https://bitcointalk.org/index.php?topic=16125.0Yea its walls of text you must read, if your uncomfortable with that then this is absolutely the wrong hobby for you. I've spent the past year staring into these walls of text many hours a day every day to understand and keep up with all things bitcoin. Good luck friend. +1 nottm28 +1 Mudbankkeith yes, setting up is that easy once you get it.
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1FQkmrwQ7yf9MKGLsAUhY2jgMT8WjepwL7
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Mudbankkeith
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September 17, 2013, 06:50:29 PM |
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Just wondered if anyone could help ,Igot an asicminer usb stick today but I been trying to se it up all day .
I eventually got the drivers installed and the usb stick plugged in .
But the videos I watched are all for Bitminter were you download their program and the miner shows up and you click run .
But if I open open slushes website there is no such software it is just a place to register new workers .
Is there any videos of someone setting up a usb stick to mine on slush's pool .?
any help would be appreciated ty.
I prefer videos to a wall of text tbh .
Using cgminer 3.1.1 create a windows .bat file with the following (similar) contents Right-click on My Computer -> Properties -> Device Manager -> Ports (COM) Note which COM port your miner is attached to and change COM3 (no space) to COMX where X is your COM port number. C:\cgminer-3.1.1-windows\cgminer.exe --icarus-options 115200:1:1 --icarus-timing 3.0=100 -S //./COM3 -o http://stratum.bitcoin.cz:3333 -u USERNAME -p PASSWORD -I 9 -w 256 --auto-fan --temp-target 70
Run the batch file. Try that... With BFGminer the following is all you need for a batch file:- bfgminer.exe -o http://stratum.bitcoin.cz:3333 -u MINERNAME -p PASWORD -G -S all Download and install BFGminer Find the directory where the "bfgminer.exe" is installed. create a file called "Mining.bat" in this directory. Copy and paste this line into the .bat file Edit your "minername" and "password" (as registered on slush's) Store the file Right click on the .bat file and send it to desktop shortcut. Double click the file on your desktop and BFGminer will start. Then it should run your Asic usb. -G stops your graphics card from becoming a miner -S all looks automatically for all asic miners. so if you add anymore usb miners, all you need to do is stop BFGminer and start it again.
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BTc donations welcome:- 13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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Mudbankkeith
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September 17, 2013, 06:59:07 PM |
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I forgot to add:-
Virus checkers will try to delete the BFGminer.exe and possibly the Miner.bat files They will need to be allowed to run as "safe" files
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BTc donations welcome:- 13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
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HellDiverUK
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September 17, 2013, 07:39:25 PM |
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Virus checkers will try to delete the BFGminer.exe and possibly the Miner.bat files
Only if you're using shit antivirus.
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nottm28
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September 17, 2013, 08:14:12 PM |
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Virus checkers will try to delete the BFGminer.exe and possibly the Miner.bat files
Only if you're using shit antivirus. Yep good point - I had to disable 'real time scanning' when unpacking the zip file for cgminer 3.1.1 as I use the shit antivrus that is mcafee... after I was up and running I was able to 'enable real time scanning' again with no further issues...
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donations not accepted
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bspurloc
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September 17, 2013, 09:49:48 PM |
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Virus checkers will try to delete the BFGminer.exe and possibly the Miner.bat files
Only if you're using shit antivirus. Yep good point - I had to disable 'real time scanning' when unpacking the zip file for cgminer 3.1.1 as I use the shit antivrus that is mcafee... after I was up and running I was able to 'enable real time scanning' again with no further issues... yeah I noticed that... only shit mcaffee corporate cared. others did not. mcaffee is complete garbage. causes more problems than it stops and also fails to stop things on top of that. $19 for asics now haha...
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cableiso
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September 18, 2013, 12:35:33 AM |
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Huh, are blocks 258446 and 258472 really invalid, or did we run into the weird bug again?
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mdopro1
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September 18, 2013, 11:36:55 AM |
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I'm getting •This is not a valid Bitcoin address. Please install Bitcoin client or register some web wallet to get one. message. I didn't change anything and double checked the address as well. Also tried changing the address but it won't take it either.
anyone else having issues today?
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