[ANN] Nybble 0.6.5.2 Nybble - New Wallet Win, Mac and Source, New Pools.

[gizzig]

What is a reasonable bet for the difficulty to reset to normal values again? I may join the mining party if it makes sense (experienced Nibble from the start).

in accordance

I come back with 1100 KH

[1713876220]

1713876220

[1713876220]

1713876220

[chindit]

Hi',
     I got a nibble wallet (0.6.5.2) & a load of nibble.

Wallet is constantly out of sync...doesn't upload the blockchain.

Is their a fix or an updated version?

Nice nibble reward for the solution.

[Wekkel]

Hi',
     I got a nibble wallet (0.6.5.2) & a load of nibble.

Wallet is constantly out of sync...doesn't upload the blockchain.

Is their a fix or an updated version?

Nice nibble reward for the solution.

Update your nodes in the .conf file of your client (if necessary, create a .conf file) and restart client. Look earlier in the thread for the nodes to be added.

[JL0z]

Hi',
     I got a nibble wallet (0.6.5.2) & a load of nibble.

Wallet is constantly out of sync...doesn't upload the blockchain.

Is their a fix or an updated version?

Nice nibble reward for the solution.

My client is connected to 1 or 2 most of the time, use these:

addnode=54.200.132.23
addnode=109.10.236.54

also, you can add my client

addnode=mentat.cable.nu
or
addnode=124.189.53.150

since mine is a dynamic address from the provider, I registered with a ddns host to use the name - try using both.

Another thing, if you have the connect statement in your conf file, remove it.

[JL0z]

What is a reasonable bet for the difficulty to reset to normal values again? I may join the mining party if it makes sense (experienced Nibble from the start).

If you read what I was saying a few posts down from yours - that is where I was making the case.  Since then I have been checking the pool block stats and have the following:

At block 39144 we were averaging 5.5 hrs per block, pool hash rate around 2.5MH - at current rate 9 months before difficulty retarget.
A week earlier when I was the only miner on the pool - hash rate around 2MH - average was 8 hrs per block - would have been 1.3 years.

In the past 9 hrs, we are at 39149 - there is or must be a solo miner out there who has solved the last 4 blocks - probably 4-5MH.

If we can get to around 10MH on the pool, we should be looking at solving 18 blocks a day - estimate 65 days to difficulty retarget.
If we can get to around 20MH on the pool, we double that, and reduce the time to about 32-33 days or so - 1 month+ which I believe is achievable.

The gains for us, if we can get enough support is explained previously that the target block time is 2.5 minutes, so our pool instead of solving 4-5 blocks a day now, we could get 576 blocks - the equivalent of 1.5BTC a day.  What does this mean?  A 2MH miner would get a return of about 0.15BTC equivalent in NBL - right now if I mine other coins with my 2MH, I get about 0.018BTC a day, so for me I think it is a good investment.

Now, I don't claim that everything will be sweet - when the difficulty readjusts, we are sure to have other miners join in - however if we are at the beginning, we reap the rewards first.  The danger is that we cannot keep the pool small and end up in the same situation with mining after 2016 blocks driving the difficulty very high again - but with mining, it is always a risk.

Ok - who's in?

[JL0z]

What is a reasonable bet for the difficulty to reset to normal values again? I may join the mining party if it makes sense (experienced Nibble from the start).

I forgot to mention what the earnings estimate would be for a 2MH miner.

I am getting about 220NBL average a day, and my hashrate is about 2.2MH, so estimate 200NBL a day per 2MH.  This is about 0.011 BTC at current exchange rate.

As the pool gets larger, we don't necessary get more because more blocks are being solved, because we are sharing the results with the other miners - but that is my estimated return until the difficulty readjusts.

The assumption is that when the difficulty readjusts it will be at a target difficulty that allows 20MH to solve a block on average in 2.5 minutes.  At that rate  we start to get 2,880NBL a day.  This should last for about 2016 blocks until the next difficulty retarget - I am not sure what happens when huge miners join the party, but we should still be solving more blocks, so hopefully we can maintain this earning rate - I am optimistic of making about 1BTC every week or so, aren't you?  Maybe someone can check my numbers.

[Edit]  Just a couple of more points.  Most 2MH miners can mine other coins and get a return of 0.02BTC a day on average - sometimes more depending on the coin.  We don't have to be on the pool all the time - by all means, mine other coins from time to time, to keep your earnings up - just devote some hashrate to the pool and we can keep this coin going.  Don't forget - if all mining stops, the coin effectively dies because no transfers can take place, no confirmations etc, other than what is within the exchange.

[chindit]

Hi',
     I got a nibble wallet (0.6.5.2) & a load of nibble.

Wallet is constantly out of sync...doesn't upload the blockchain.

Is their a fix or an updated version?

Nice nibble reward for the solution.

My client is connected to 1 or 2 most of the time, use these:

addnode=54.200.132.23
addnode=109.10.236.54

also, you can add my client

addnode=mentat.cable.nu
or
addnode=124.189.53.150

Hey', JL0z.

Seems to be working but the blockchain is slower than 10 mins in the showers @ barlinnie prison.

Gonna leave it running tonite.....Fingers crossed.

Thx mate & to the others who tried to help out.

I'll get back to ya soon.

since mine is a dynamic address from the provider, I registered with a ddns host to use the name - try using both.

Another thing, if you have the connect statement in your conf file, remove it.

[JL0z]

The blocks are coming through a little quicker now.  Revised estimate of earnings for a 2MH miner is now 280NBL a day or approx 0.015 BTC.  Block average is about 3.5 hrs per block - but this depends, some blocks can take a long time, but hopefully we can keep this up and get more miners.

Current block 39155.

[Wekkel]

Thanks for the info. At what block will the reset come?

[JL0z]

Thanks for the info. At what block will the reset come?

40320 is when the difficulty retarget will occur - 5.6 months at the current rate, but if we can get more miners in the pool - can reduce it down to a month or so.

[CaptainAK]

Hi guys, I run nbl.pnwminer.com. So far my experience is this. Things go very slow after a diff change, but when we get within about 500 blocks or so of a drop in diff, I get a LOT of people who jump on and start mining. And once the diff drops, it is usually just a matter of hours before the pool blows through all 2016 blocks at that diff. Timing varies, but it will happen.

[gizzig]

I'm back with 1100 KH
I can not be all the time because they would lose a lot.

Please CaptainAK can invite more people to mining NBL? thanks

[JL0z]

Hi guys, I run nbl.pnwminer.com. So far my experience is this. Things go very slow after a diff change, but when we get within about 500 blocks or so of a drop in diff, I get a LOT of people who jump on and start mining. And once the diff drops, it is usually just a matter of hours before the pool blows through all 2016 blocks at that diff. Timing varies, but it will happen.

I know that happens, but maybe this time - some of them will stay longer and we can make good progress through the next difficulty.

[nrhs05]

Unfortunately at the current mining power, being VERY VERY generous @ 12 blocks per day, you are looking at close to 3 months for a diff adjustment.. now if you are a bit more realistic its a bit longer.  i would say you need a few 100 mh/s to get the network back on track.. and maybe make some changes to the diff retarget to try and avoid this?

[JL0z]

Does anyone know of a block explorer for Nibble/Nybble?

[JL0z]

Unfortunately at the current mining power, being VERY VERY generous @ 12 blocks per day, you are looking at close to 3 months for a diff adjustment.. now if you are a bit more realistic its a bit longer.  i would say you need a few 100 mh/s to get the network back on track.. and maybe make some changes to the diff retarget to try and avoid this?

You are being very generous.  I think we are averaging 11 blocks a day at present.  We were averaging 7 blocks a few days ago.  Yes, a higher hashrate would come in handy, but what we really want to do is to taper off the hashrate before the difficulty change, so that the difficulty gets easier, not harder.  But then we cannot control what other miners do when they see an opportunity to make a quick buck.

Yes, a change in the retargeting would help.

[nrhs05]

Unfortunately at the current mining power, being VERY VERY generous @ 12 blocks per day, you are looking at close to 3 months for a diff adjustment.. now if you are a bit more realistic its a bit longer.  i would say you need a few 100 mh/s to get the network back on track.. and maybe make some changes to the diff retarget to try and avoid this?

You are being very generous.  I think we are averaging 11 blocks a day at present.  We were averaging 7 blocks a few days ago.  Yes, a higher hashrate would come in handy, but what we really want to do is to taper off the hashrate before the difficulty change, so that the difficulty gets easier, not harder.  But then we cannot control what other miners do when they see an opportunity to make a quick buck.

Yes, a change in the retargeting would help.

Yeah, i suppose you need to reach the balance between network hashrate and difficulty i never thought. pumping up the network would indeed leave you in the same predicament... Is the retarget based on average network hash over the past ~2000, or just the last few blocks, or what?

[JL0z]

Unfortunately at the current mining power, being VERY VERY generous @ 12 blocks per day, you are looking at close to 3 months for a diff adjustment.. now if you are a bit more realistic its a bit longer.  i would say you need a few 100 mh/s to get the network back on track.. and maybe make some changes to the diff retarget to try and avoid this?

You are being very generous.  I think we are averaging 11 blocks a day at present.  We were averaging 7 blocks a few days ago.  Yes, a higher hashrate would come in handy, but what we really want to do is to taper off the hashrate before the difficulty change, so that the difficulty gets easier, not harder.  But then we cannot control what other miners do when they see an opportunity to make a quick buck.

Yes, a change in the retargeting would help.

Yeah, i suppose you need to reach the balance between network hashrate and difficulty i never thought. pumping up the network would indeed leave you in the same predicament... Is the retarget based on average network hash over the past ~2000, or just the last few blocks, or what?

I don't know how the retarget works, only know when it will happen.  I am making an assumption that if the network hash rate around the time of the retarget is whatever it is, the difficulty will change to allow the blocks to be solved on average in 30 seconds - this being the target block time.  Maybe I will have a look at the source code and see if I can work it out.

[gizzig]

We're coming in 5300KH, 5 miners and going up!

[RyZombie]

what pool should I point my miners too?