bloke (OP)
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August 01, 2013, 11:37:18 AM
Last edit: August 03, 2013, 09:23:12 AM by bloke |
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I have temporarily taken the pool (i.e. the stratum server) offline.
The pool has a much higher bandwidth/data usage than I had anticipated.
With the current hosting provider (who are top notch, but also expensive) this is not a feasible situation.
I will explore some options over the coming days and let you know what happens.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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bloke (OP)
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Activity: 19
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August 03, 2013, 09:33:07 AM |
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The pool is back online.
It has been migrated to a new hosting provider, and is now located in the USA.
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BTCMiners.net
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August 04, 2013, 12:52:03 PM |
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I'd like to personally bump this pool. I use it partially throughout the day and I've had a chance to speak with the pool op and just good things overall. Hopefully it rises in some popularity so we can start mining some blocks  |
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vulgartrendkill
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August 04, 2013, 06:53:51 PM |
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Joined! once my block erupters arrive, should start hashing at 3+ gh\s
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vulgartrendkill
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August 04, 2013, 07:19:17 PM |
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Also, can I ask a question. Maybe a noob one but what ever...
Do I get a the shares converted into BTC once my estimate hits my payout minimum, or when a block is completed?
Thanks
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bloke (OP)
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August 04, 2013, 07:27:29 PM |
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When a block is found, the round is complete, and each miner gets rewarded an amount (the "estimated reward" gives a rough indication of this amount).
Because we're not finding blocks yet, don't be fooled into thinking that the "estimated reward" is all you've "earned".
The pool uses unit-PPLNS with a window length X = 2. This means, the estimated reward that you see right now will (on average) be given to you twice (but this will vary depending on how many shares are submitted during each round).
As for the Bonus PPS rewards, those are paid immediately into your confirmed balance, as you can see on your Account page.
If you want to discuss any of this stuff, feel free to hang out in the IRC channel, myself and others are happy to answer any questions.
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metal_jacke1
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Merit: 10
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August 06, 2013, 07:11:10 PM |
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I'll give it a shot. Would be nice if I could set payout to .01 instead. Im a lowly miner.
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bloke (OP)
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August 06, 2013, 07:35:44 PM |
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I'll give it a shot. Would be nice if I could set payout to .01 instead. Im a lowly miner.
I've been thinking of decreasing the minimum send threshold for a while now. It's now set to 0.01 BTC. I'm open to tweaking other parameters too, including the VARDIFF target share rate. It's currently set to "1 share every 10 seconds" (6 shares per minute) which I am personally happy with, as a miner. But I'm always open to suggestions. |
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eleuthria
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Merit: 1007
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August 06, 2013, 09:12:34 PM |
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I'll give it a shot. Would be nice if I could set payout to .01 instead. Im a lowly miner.
I've been thinking of decreasing the minimum send threshold for a while now. It's now set to 0.01 BTC. I'm open to tweaking other parameters too, including the VARDIFF target share rate. It's currently set to "1 share every 10 seconds" (6 shares per minute) which I am personally happy with, as a miner. But I'm always open to suggestions. 6 SPM is pretty low. Generally pools target ~15-20 SPM, because there is a significant difference in 24-hour variance when you start going much lower than that. In the long run, it doesn't matter, but most miners tend to be obsessed with 24-hour, 1-hour, and even smaller time frames on occasion. |
RIP BTC Guild, April 2011 - June 2015
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bloke (OP)
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August 07, 2013, 07:38:38 AM |
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6 SPM is pretty low. Generally pools target ~15-20 SPM, because there is a significant difference in 24-hour variance when you start going much lower than that. In the long run, it doesn't matter, but most miners tend to be obsessed with 24-hour, 1-hour, and even smaller time frames on occasion.
Thanks for that. I have changed the pool's target share rate to: 1 share every 4 seconds (15 shares per minute). |
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bloke (OP)
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August 13, 2013, 07:58:51 PM |
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Galaxy Mining Pool is shutting down due to insufficient hash rate.
We've been at a mere 7 Ghash/sec for the last 12 hrs.
The difficulty just jumped to 50,810,339.
As they say, you do the math.
All confirmed balances will be paid out in the next couple of days.
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crazyearner
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Activity: 1820
Merit: 1001
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August 13, 2013, 09:10:47 PM |
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Galaxy Mining Pool is shutting down due to insufficient hash rate.
We've been at a mere 7 Ghash/sec for the last 12 hrs.
The difficulty just jumped to 50,810,339.
As they say, you do the math.
All confirmed balances will be paid out in the next couple of days.
maybe introduce other coins and have merged mining like bitparking does and continue to grow it. maybe open to other coins to due to BTC jumping over 13mill in last jump I tend not to btc mine anymore due to the fact f the ever growing difficulty unless its merged and can make up the diff in the merged mining coin. |
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