[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool

[elasticband]

okay, everyone on the pool works the same block, infact everyone around the world is trying to mine the same block, until it is found.
What you are seeing is the fact slush's pool has not found a block in about 10hrs, thus the current round duration is high.

edit: whats a CP2102 

[slappo]

Donations are now being accepted to plow through the 11 hour round!

1MRMczY2WWVKWG6GSY8YecEiZEdx7g4Sgi

[Kalgor]

Ok...time to fire up the gpu miners to get this round over with

[soy]

okay, everyone on the pool works the same block, infact everyone around the world is trying to mine the same block, until it is found.
What you are seeing is the fact slush's pool has not found a block in about 10hrs, thus the current round duration is high.

edit: whats a CP2102 

A CP2102 is the USB communication IC on a USB Block Erupter.  It's also used by other manufacturers on various electronics.  It can have a high failure rate I think but that may be the skill of the smt machine programmer/operator or lack of.  Replacing manually is very difficult.

11 hours 50 minutes now.  I had assumed a block was an encryption of some bitcoin transactions and its equation produces a result with a leading string of zeros; and that mining was recalculating the block looking for a more elegant solution, a more elegant solution indicated by an increase in the number of leading zeros in the result.

When you say everyone around the world is trying to mine the same block, until it is found, I have to assume you mean everyone in the world in this pool rather than all pools working the same block.

I recall earlier this year there was a string of "empty blocks".  So I assume an "empty block" is block with no transactions but having a result.  I wonder how an "empty block" can be mined.  Does it potentially have a solution that will get paid the 25BTC?  It obviously won't have any transaction fees.

So, if I'm not incorrect, even an empty block can have a more elegant solution.

And when a more elegant solution is produced it's called finding a block.

I saw that blockchain.info pie chart of pools working the blockchain.  That large Unknown percentage, I recall a global Chinese gambling syndicate got into mining and had on order a great many miners a few months ago.  If any pool is going to find a way to game the system, it would be it.

Current round duration:   12:02:54

[elasticband]

okay, everyone on the pool works the same block, infact everyone around the world is trying to mine the same block, until it is found.
What you are seeing is the fact slush's pool has not found a block in about 10hrs, thus the current round duration is high.

edit: whats a CP2102 

When you say everyone around the world is trying to mine the same block, until it is found, I have to assume you mean everyone in the world in this pool rather than all pools working the same block.
Current round duration:   12:02:54

Sorry TL;DR the rest, No EVERYONE is trying to find the block, the finder gets the block, then everyone starts trying to find the next block. when i say everyone i mean everyone. slush has not found a block in 12hours. roughly every 7-10mins a block is found, so this means every 7-10mins EVERYONE starts working trying to find a new block.

[soy]

okay, everyone on the pool works the same block, infact everyone around the world is trying to mine the same block, until it is found.
What you are seeing is the fact slush's pool has not found a block in about 10hrs, thus the current round duration is high.

edit: whats a CP2102  

When you say everyone around the world is trying to mine the same block, until it is found, I have to assume you mean everyone in the world in this pool rather than all pools working the same block.
Current round duration:   12:02:54

Sorry TL;DR the rest, No EVERYONE is trying to find the block, the finder gets the block, then everyone starts trying to find the next block. when i say everyone i mean everyone. slush has not found a block in 12hours. roughly every 7-10mins a block is found, so this means every 7-10mins EVERYONE starts working trying to find a new block.

What's a block?


(edit: I note this was on my Slush profile page for some days before noticing it.  You'all welcome.

Found blocks
265105 )

[Marmeladensuppe]

Hi slush,
I´m having trobles accessing btcs on an old account because I can no longer acces the emailaccount. I also wrote you an email and a private message. Please help me.

greetings,
Marmeladensuppe

[opentoe]

I used to mine on slush a very long time ago... Good old days.
Too bad i can't cash out the remaining 1.6 mBTC
Minimum is set to 0.01.

It seems a bit ridiculous that the pools don't have "empty my account" options. They probably have a lot of coin sitting there if you add up all that change from everyone on the pool.
I can understand a minimum payment for regular payouts to reduce fees and network traffic.

But how about if I haven't mined for a month? - maybe there should be some sort of auto monthly payout if you have been inactive for a long while..

Pool operators need to get more transparent and more vocal as there is a lot of money involved and people seem to have only partial ability to seek out help.

I am sure the minimum will be increased (or decreased depending how you look at it) as the price of bitcoin increases.
But I agree with your sentiments.

It's not ridiculous, it's a business model allowing  pool owners to earn extra BTC. I cant imagine the amount of forsaken BTC laying around there, lower or higher than 0.01.

I complained also...we just get laughed in out faces. You'd think with how much bitcoin has rose we all would be making more, it is the opposite. Only the pool operators and their top tier make it all.   Why do you think they put up a pool to begin with? To make money. Not all cracked up to what it's supposed to be when too much greed gets involved.

[soy]

I used to mine on slush a very long time ago... Good old days.
Too bad i can't cash out the remaining 1.6 mBTC
Minimum is set to 0.01.

It seems a bit ridiculous that the pools don't have "empty my account" options. They probably have a lot of coin sitting there if you add up all that change from everyone on the pool.
I can understand a minimum payment for regular payouts to reduce fees and network traffic.

But how about if I haven't mined for a month? - maybe there should be some sort of auto monthly payout if you have been inactive for a long while..

Pool operators need to get more transparent and more vocal as there is a lot of money involved and people seem to have only partial ability to seek out help.

I am sure the minimum will be increased (or decreased depending how you look at it) as the price of bitcoin increases.
But I agree with your sentiments.

It's not ridiculous, it's a business model allowing  pool owners to earn extra BTC. I cant imagine the amount of forsaken BTC laying around there, lower or higher than 0.01.

I complained also...we just get laughed in out faces. You'd think with how much bitcoin has rose we all would be making more, it is the opposite. Only the pool operators and their top tier make it all.   Why do you think they put up a pool to begin with? To make money. Not all cracked up to what it's supposed to be when too much greed gets involved.

Wonder if any pools have been pressured to "buy insurance".  You gonna pay me every day or you gonna haf problems.

Yea! a minute into looking for a new block.

[safeminer]

http://www.forbes.com/sites/kashmirhill/2013/11/13/sanitizing-bitcoin-coin-validation/

anyone read about this this could mean the end of bitcoin. It goes against the core value's of bitcoin !

[opentoe]

Current round duration: 10:13:36.  Does everyone in the pool work on the same potential block or while some of us are hashing for 10 hours for .011btc others in the pool are making 0.11 in like an hour?

And what are empty blocks?  Can Slush find ourselves mining an empty block?  How long before it's considered too long to be crunching data, 12 hours, 18 hours? 24 hours?

you have activity of 210 on the forums and you do not understand how pool mining works............... I am actually shocked.

I have more then both of you and still don't understand it %100. Pool operators really don't have a manual presented when you join up and you have to learn about hidden fees, very slow pay outs and all that stuff on your own. High post count or how old our account is does NOT determine how much we know. If we all "assumed" this, we would all be assholes.

[Kalgor]

FINALLY.....

[safeminer]

Slush PLEASE READ THIS:

https://bitcointalk.org/index.php?topic=334316.0

[soy]

Current round duration: 10:13:36.  Does everyone in the pool work on the same potential block or while some of us are hashing for 10 hours for .011btc others in the pool are making 0.11 in like an hour?

And what are empty blocks?  Can Slush find ourselves mining an empty block?  How long before it's considered too long to be crunching data, 12 hours, 18 hours? 24 hours?

you have activity of 210 on the forums and you do not understand how pool mining works............... I am actually shocked.

I have more then both of you and still don't understand it %100. Pool operators really don't have a manual presented when you join up and you have to learn about hidden fees, very slow pay outs and all that stuff on your own. High post count or how old our account is does NOT determine how much we know. If we all "assumed" this, we would be be assholes.

Yes, like we do a transaction and it goes into a block.  Bitcoin claims no central authority but who puts the transaction into a block?  There's a blockchain that takes days to download.  Transactions are in blocks.  All transactions back to the beginning recorded.  Somewhere it's decided that the transaction just sent out goes into a block somewhere.

[soy]

Slush PLEASE READ THIS:

https://bitcointalk.org/index.php?topic=334316.0

Chief of the boat use to keep the slush fund.  Usually an old, overweight chief petty officer who's got more sea time than god.  He was referred to as The COB.  Reasonable rates, 10%/week.

[Phil1]

Hi slush,
I´m having trobles accessing btcs on an old account because I can no longer acces the emailaccount. I also wrote you an email and a private message. Please help me.

greetings,
Marmeladensuppe

I have the same problem, but slush just ignores me 
Or did my mails went into his spam folder?

[Carlton Banks]

Slush PLEASE READ THIS:

https://bitcointalk.org/index.php?topic=334316.0

+21 million

The exchange rate value of everyone's Bitcoins depends on killing the lists. Including you, me, Slush, and everyone mining.



Support the discouraging of address re-use.


Slush, you should already be familiar with BIP32. Locking to an address keychain is a superior alternative to locking to a static address, you don't need me to tell you.




Support the discouraging of address re-use.

[Trongersoll]

Okay, this is how it works... sorta.

Starting with a found block. we start looking for the next block. The next block isn't one specific block but any of a number of solutions that meet the difficulty criteria. There are several inputs that go into finding the next block including the solution to the previous block. some of them are the Coinbase which is where the various pools label themselves among other things. and the transactions to be included. When you request work, the pool puts together a unique input for you to hash. So, even though we are all looking for a next block, we are not all looking for the exact same solution.

If another pool or solo miner finds a qualifying block before we do, the pool tells us to stop working with what we have and start working with new inputs partly based on the new block that was found. If others keep finding blocks before we do, the time duration of out round goes up. yeah, a 12 hour round sucks, but it gets averaged out by short rounds eventually.

Now, about the worker hashrate displayed. It has been my observation that the hash displayed for a worker will be wrong if you start in the middle of a round. it will be too low. The longer the round, the bigger the error. You get the most accurate estimate if your worker is already running when the round starts.

[soy]

Okay, this is how it works... sorta.

Starting with a found block. we start looking for the next block. The next block isn't one specific block but any of a number of solutions that meet the difficulty criteria. There are several inputs that go into finding the next block including the solution to the previous block. some of them are the Coinbase which is where the various pools label themselves among other things. and the transactions to be included. When you request work, the pool puts together a unique input for you to hash. So, even though we are all looking for a next block, we are not all looking for the exact same solution.

If another pool or solo miner finds a qualifying block before we do, the pool tells us to stop working with what we have and start working with new inputs partly based on the new block that was found. If others keep finding blocks before we do, the time duration of out round goes up. yeah, a 12 hour round sucks, but it gets averaged out by short rounds eventually.

Now, about the worker hashrate displayed. It has been my observation that the hash displayed for a worker will be wrong if you start in the middle of a round. it will be too low. The longer the round, the bigger the error. You get the most accurate estimate if your worker is already running when the round starts.

So Coinbase is a central authority of sorts.  Does the pool request in a manner similar to our miners requesting work?  We request work from our pool.  From whom does the pool request work?  Does the pool requesting work differ from a solo miner mining the data in his bitcoin blockchain (guessing)?

 

[jmevz]

Come on round! You've gone on long enough!