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

[JPoet]

hi all, so after week of mining, I am still confused and I am hoping that someone can explain few more things.

So am I reading this right that blocks play critical role in rewards. E.g. if a pool has not found a block for 5 days, then we are all only getting tiny payout? e.g. at 550gh/s I am getting approx 0.0025 for each block found and in last few days we had a good run so there were quite a few. So thats cool. However, if the pool has not found a block for a week lets say, does that mean that all I am getting is the same 0.0025 ? If that is the case, I understand now why ppl are jumping pools but how does the equatino work out over long term if I stay with the pool, does it balance out ? Also, how many blocks on average does Slush's pool find ? Where can I find that statistic?

also regarding the long periods to find a block, if the above is true, then its bit crazy as for example, if I am running a 1THs setup which would chew up approx 900W of power that would equate to $5.40 electricity cost per day but if all I get is 0.0025btc, thats only equal to $1.50 .... so thats why this all confuses me. If someone could explain, that would be great. thanks

You get your share no matter how long it runs.  Holding participants static, then yes every hit will get you the same. Why would it be different.  If it takes 10 people to find something in an hour you split it.  If it takes the same  10 people to find the same thing in five days you split what you found.  In this case a block of 69 TIT.  Doesn't matter how long it takes.

[JPoet]

Here we go again!!!  Another 9 hour minimum.  Time to grit the teeth.

You sure? 

[Billbags]

hi all, so after week of mining, I am still confused and I am hoping that someone can explain few more things.

So am I reading this right that blocks play critical role in rewards. E.g. if a pool has not found a block for 5 days, then we are all only getting tiny payout? e.g. at 550gh/s I am getting approx 0.0025 for each block found and in last few days we had a good run so there were quite a few. So thats cool. However, if the pool has not found a block for a week lets say, does that mean that all I am getting is the same 0.0025 ? If that is the case, I understand now why ppl are jumping pools but how does the equatino work out over long term if I stay with the pool, does it balance out ? Also, how many blocks on average does Slush's pool find ? Where can I find that statistic?

also regarding the long periods to find a block, if the above is true, then its bit crazy as for example, if I am running a 1THs setup which would chew up approx 900W of power that would equate to $5.40 electricity cost per day but if all I get is 0.0025btc, thats only equal to $1.50 .... so thats why this all confuses me. If someone could explain, that would be great. thanks

You may want to check your electricity rates again. $5.40 a day for 900w? That's a very high estimate.

http://support.bitcoin.cz/Knowledgebase/List

[Omarko]

You may want to check your electricity rates again. $5.40 a day for 900w? That's a very high estimate.

thats right, its $0.25c per kw, 900W x 24hrs = 21.6kw x 0.25c = $5.40 so yeah, expensive.

so am I right with my question ? or am I reading this whole thing wrong? thanks

[Billbags]

http://support.bitcoin.cz/Knowledgebase/List


https://mining.bitcoin.cz/stats/


https://bitcointalk.org/index.php?topic=416933.0


https://bitcointalk.org/index.php?board=14.0


http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a


Note: I pay only $0.11 per kw, so I see your concerns. Also, difficulty goes up every 10-14 days(give or take) so you will make less and less unless you keep adding hashpower to keep up. On Slushs Pool right now I get 0.01 Btc per block for every 2.10Th. I have been adding 125ghs to each set of miners every month to keep with that payout. I also sell/replace miners with more efficient ones as they come out if I can get them at a reasonable price.

[Omarko]

Note: I pay only $0.11 per kw, so I see your concerns. Also, difficulty goes up every 10-14 days(give or take) so you will make less and less unless you keep adding hashpower to keep up. On Slushs Pool right now I get 0.01 Btc per block for every 2.10Th. I have been adding 125ghs to each set of miners every month to keep with that payout

wow, lucky you thats super cheap.

[organofcorti]

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.

idgaf

Well if you're a typical GHash.IO miner, you're not doing a very good job representing the pool.

[yan7181]

thanks bigbitmine for the info
after 5 short duration then follow one 9 hours and current 14:55:00.
haih....

[eleuthria]

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.

idgaf

Well if you're a typical GHash.IO miner, you're not doing a very good job representing the pool.

Best part is the accusation in this case is something provably false.  Look at the coinbase of slush's blocks.  They do not contain any merged mining message.  It's not possible to merged mine without embedding data into the BTC block coinbase, something which is publicly available for every block ever mined.

[psahx]

Nobody wants to bitch about 3 blocks found in one hour?

 

[Searing]

Nobody wants to bitch about 3 blocks found in one hour?

 

ACK! YOU JINXED IT...(everyone point at him in 'dramatic' manner)


24hr block coming up now I'm afraid

Searing

[kkurtmann]

this thread amuses me

[BCwinning]

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.

idgaf

Well if you're a typical GHash.IO miner, you're not doing a very good job representing the pool.

seriously? You are being ripped off and you sit here and defend losing money.
and you seriously got the stupidity to say shit about ghash?
Keep giving your money to slush. losers.
regardless if there is merged mining or not you still are being ripped off
because paying a pool fee is better than not paying one or getting extra coins.
ghash are crooks too but they pay better and I don't represent any pool douchebag

[organofcorti]

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.

idgaf

Well if you're a typical GHash.IO miner, you're not doing a very good job representing the pool.

seriously? You are being ripped off and you sit here and defend losing money.
and you seriously got the stupidity to say shit about ghash?
Keep giving your money to slush. losers.
regardless if there is merged mining or not you still are being ripped off
because paying a pool fee is better than not paying one or getting extra coins.
ghash are crooks too but they pay better and I don't represent any pool douchebag

Just um quoting for posterity. Not often I come across posts so completely lacking in useful content, so I want to keep a record.

[JPoet]

A quick question to Slush's.  I am thinking of giving up mining against your pool.  Nothing personal, just with only 2Ghz, it's never really going to be worth the hassle.  I have 0.00308557 BTC reward in my account.  Any way I can get it out?  I would like to have something to show for my time and effort.

Thanks.

Shaun

What if you change your payment threshold to 0.00308557

Would that work? Or is there a minimum threshold?

Also - if you are in NZ I could sell you a 180GH Antminer S1 for cheap then you could mine up a little faster.
[

http://support.bitcoin.cz/Knowledgebase/Article/View/11/0/is-here-any-instant-payout-button

Then I guess Slush gets to keep anything that get mined and abandoned.  Probably a nice little earner.

You realize .01 the minimum is only around $5. USD?

Hope you would further realize the difficulty in getting that 0.01 BTC (approx $5.93 USD today) converted to "cash" when the typical minimum Conversion amount is 0.1 BTC (approx $59.30 USD). Your $1.83 isn't gonna make Slush break a sweat. He already get 2% of every block resolved (roughly $300 USD) so he smiles everyday on average 6 times per day, and breaks out into serious laughter when the "luck" is running high. But then of course he does have operating expenses that I wouldn't even want to ponder............... so, eh!

Still there should be a manual payout even with a large fee.  It adds up, slush laughs harder, but its really only proper.  Some of us want our .009.

[JPoet]

A quick question to Slush's.  I am thinking of giving up mining against your pool.  Nothing personal, just with only 2Ghz, it's never really going to be worth the hassle.  I have 0.00308557 BTC reward in my account.  Any way I can get it out?  I would like to have something to show for my time and effort.

Thanks.

Shaun

What if you change your payment threshold to 0.00308557

Would that work? Or is there a minimum threshold?

Also - if you are in NZ I could sell you a 180GH Antminer S1 for cheap then you could mine up a little faster.
[

http://support.bitcoin.cz/Knowledgebase/Article/View/11/0/is-here-any-instant-payout-button

Then I guess Slush gets to keep anything that get mined and abandoned.  Probably a nice little earner.

You realize .01 the minimum is only around $5. USD?

Hope you would further realize the difficulty in getting that 0.01 BTC (approx $5.93 USD today) converted to "cash" when the typical minimum Conversion amount is 0.1 BTC (approx $59.30 USD). Your $1.83 isn't gonna make Slush break a sweat. He already get 2% of every block resolved (roughly $300 USD) so he smiles everyday on average 6 times per day, and breaks out into serious laughter when the "luck" is running high. But then of course he does have operating expenses that I wouldn't even want to ponder............... so, eh!

Still there should be a manual payout even with a large fee.  It adds up, slush laughs harder, but its really only proper.  Some of us want our .009.

Also it costs me to get the .009 and if by chance BIT goes Berkshire Hathaway and its worth 500k in ten years .... which it must since BIT is limited quantity or it will die.  If we were regulated this would not be, so to prevent regulation is self regulation.  It hasn't worked on wall street if it can't work here I am sad, this is the start of a new economy but only if we don't go wall street.

[andyjjones]

Hash rate is now at 4.8 watcha-call-its.  For the last couple of weeks it's been hovering around 5.6.

[nottm28]

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.

idgaf

Well if you're a typical GHash.IO miner, you're not doing a very good job representing the pool.

seriously? You are being ripped off and you sit here and defend losing money.
and you seriously got the stupidity to say shit about ghash?
Keep giving your money to slush. losers.
regardless if there is merged mining or not you still are being ripped off
because paying a pool fee is better than not paying one or getting extra coins.
ghash are crooks too but they pay better and I don't represent any pool douchebag

Just um quoting for posterity. Not often I come across posts so completely lacking in useful content, so I want to keep a record.

Well that's just great organof, now I have to read his post to see if there was any useful content...

[edit 5 seconds later] yeah OK...

[dbbrummel]

Best of Both Worlds
-------------------

I hate long blocks, like everyone, and I hate pool hopping, because it never works.
So, here is what I did. Your mileage may vary.

For all my miners, I added ghash.io as a failover pool, Slush is primary.

Then, on the configuration page for the Antminer S3 miners, I changed 'Pool Balance' from Failover to Balance.
Initially this did not work so great, and Ghash was rejecting a lot of shares. After
looking around a bit, the reason became clear. Slush was sending me work with a
difficulty of around 128 +/-, and Ghash was sending me work with a difficulty of
1024. 50% of a S3 is not up to that.

The good news is that Ghash allows you to set the difficulty of your work. So, I went
to the workers section and set all of my miners to 128, then rebooted them all. The
rejections went way down.

Next, I let them run about 10 minutes so Slush could score them, and again updated
their difficulty to match what Slush was using.

All 8 of the S3 miners are now showing about 200 GH/s +/- on both Slush and Ghash.
Perfect.

The Antminer S2 does not have the balance option, but I wanted it to do the same thing.

So I found this link searching on Google:
http://bitcoin.stackexchange.com/questions/20992/can-i-set-up-cgminer-to-mine-in-different-pools-by-a-defined-ratio

I suppose it will work for anyone using CGMiner, but just tried it on my S2.
I changed the quota numbers to 50 for Slush, 50 for Ghash.

Don't forget to add the last line: "load-balance" : true,

Oh, and on the S2, you will find the config files in /config instead of /etc/config, and the pw is admin, not root like on the S1 and S3.

Anyway, now all 9 miners are balancing successfully between Slush and Ghash. I have 9 legs on a roller coaster and the other 9 on a freight train ... doesn't sound healthy, but so far, so good.

[Billbags]

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