Bitcoin Forum
March 07, 2021, 09:32:04 PM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 [173] 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 ... 372 »
  Print  
Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 836619 times)
Jayjay04
Legendary
*
Offline Offline

Activity: 1375
Merit: 1000



View Profile
June 17, 2013, 04:33:21 PM
 #3441

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

                    ▄▄▄
                   █████
             ▄▄▄    ▀▀▀       ▄▄████╕
            █████          ▄▄███████▌
     ▄▄▄     ▀▀▀        ╓████████▀▀
    █████               ██████▀▀       ▄███▄
     ▀▀▀        ▄███▄    ▀▀▀           ▀███▀
                ▀███▀        ▄▄████╕
       ▁▄▄███▄           ▄▄████████▌
   ▁▄▆████████       ▄▄█████████▀▀       ▄███▄
 ▄█████████▀▔    ▄▄█████████▀▀           ▀███▀
▐██████▀▀▔   ,▄█████████▀▀        ▄▄▄
 ▔▀▀▀▔    ▄▄████████▀▀           █████
      ▄▄████████▀▀       ▄▄██▄    ▀▀▀
   ▄█████████▀       ▄▄███████▌       ▄▄▄
  ▐██████▀▀      ▄▄█████████▀▔       █████
   `▀▀▀      ▂▄█████████▀▀    ,▄▄µ    ▀▀▀
          ▂▆████████▀▀    ,▄██████▌
          ██████▀▀     ▄█████████▀
           ▔▀▀        ███████▀"
                      "▀▀▀╙
Hello!
STAKER
.The Next Proof-of-Stake.
KSmart Contract Tokene.














1615152724
Hero Member
*
Offline Offline

Posts: 1615152724

View Profile Personal Message (Offline)

Ignore
1615152724
Reply with quote  #2

1615152724
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
John122
Full Member
***
Offline Offline

Activity: 129
Merit: 100



View Profile
June 17, 2013, 06:00:55 PM
 #3442

I really hope this DDoS is over soon! Sad
SilentSonicBoom
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250



View Profile WWW
June 17, 2013, 06:11:58 PM
 #3443

bfgminer and cgminer have good backup pool functionality. And they also wait a bit between requests if there is an error.

Most miners don't pause if there is an error but hammer the server quickly with requests if something is wrong. So if you don't want to become part of the DDoS attack, cgminer and bfgminer are good choices.

Prefer bitminter java client. Any chance to have your java client have the option to set up backup mining pool if bitminter is down?

wpgdeez
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile
June 17, 2013, 06:48:27 PM
 #3444

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.
Turbor
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000


BitMinter


View Profile WWW
June 17, 2013, 07:13:26 PM
 #3445

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.

You only have less variance in a bigger pool. No advantage in the long run.

wpgdeez
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile
June 17, 2013, 07:57:53 PM
 #3446

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.

You only have less variance in a bigger pool. No advantage in the long run.

If you have 24 hours in a day and it takes 12 hours for each block you only have 2 chances in that 24 hours to find blocks. If you have 3 times the hash rate and find blocks every 4 hours you have more chances to make blocks in a 24 hour period. Making blocks quickly is important when the dif is going up every 10 days.
Epoch
Legendary
*
Offline Offline

Activity: 922
Merit: 1003



View Profile
June 17, 2013, 08:07:54 PM
 #3447

It's really not worth dwelling on (or continuing) this, but if the pool increases to 3x the hashrate then, yes, miners will find blocks 3x faster (another way of looking at it is that an average block will last 1/3 as long). But the payout per block is 1/3. So for individual miners the 'expected payout' per unit time remains the same.

As Turbor mentions, the only thing an increase in pool hashrate does is reduce variance. It has no effect on a miner's expected income.
Turbor
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000


BitMinter


View Profile WWW
June 17, 2013, 08:13:00 PM
 #3448

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.

You only have less variance in a bigger pool. No advantage in the long run.

If you have 24 hours in a day and it takes 12 hours for each block you only have 2 chances in that 24 hours to find blocks. If you have 3 times the hash rate and find blocks every 4 hours you have more chances to make blocks in a 24 hour period. Making blocks quickly is important when the dif is going up every 10 days.

It doesn't matter if you find two blocks with BitMinter or 6 with a pool 3 times bigger. You just earn 3 times less in the bigger pool.

DrHaribo
Legendary
*
Offline Offline

Activity: 2716
Merit: 1034


Bitminter.com Operator


View Profile WWW
June 17, 2013, 08:14:52 PM
 #3449

http://bitcoin.stackexchange.com/questions/10731/mining-pool-hashrate-effect-on-a-miners-income

▶▶▶ Bitminter.com 2011-2020
PCMiner
Full Member
***
Offline Offline

Activity: 123
Merit: 100


View Profile
June 17, 2013, 08:44:35 PM
 #3450

It basically translates to:  Bigger pool with higher hash rate = more payouts that are smaller.   Smaller pool with lower hash rate = less payouts but the payouts are larger.  In the end it's more or less equal.  Some people just like to see money pile up a bit at a time vs a large payout every so often.
Jayjay04
Legendary
*
Offline Offline

Activity: 1375
Merit: 1000



View Profile
June 17, 2013, 08:49:44 PM
 #3451

That's true if the difficulty stay the same.
Considering that the difficulty is going up fast, it's more profitable to find bloc faster before the difficulty rises again.

                    ▄▄▄
                   █████
             ▄▄▄    ▀▀▀       ▄▄████╕
            █████          ▄▄███████▌
     ▄▄▄     ▀▀▀        ╓████████▀▀
    █████               ██████▀▀       ▄███▄
     ▀▀▀        ▄███▄    ▀▀▀           ▀███▀
                ▀███▀        ▄▄████╕
       ▁▄▄███▄           ▄▄████████▌
   ▁▄▆████████       ▄▄█████████▀▀       ▄███▄
 ▄█████████▀▔    ▄▄█████████▀▀           ▀███▀
▐██████▀▀▔   ,▄█████████▀▀        ▄▄▄
 ▔▀▀▀▔    ▄▄████████▀▀           █████
      ▄▄████████▀▀       ▄▄██▄    ▀▀▀
   ▄█████████▀       ▄▄███████▌       ▄▄▄
  ▐██████▀▀      ▄▄█████████▀▔       █████
   `▀▀▀      ▂▄█████████▀▀    ,▄▄µ    ▀▀▀
          ▂▆████████▀▀    ,▄██████▌
          ██████▀▀     ▄█████████▀
           ▔▀▀        ███████▀"
                      "▀▀▀╙
Hello!
STAKER
.The Next Proof-of-Stake.
KSmart Contract Tokene.














Subw
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


View Profile
June 17, 2013, 08:54:05 PM
 #3452

Most miners don't pause if there is an error but hammer the server quickly with requests if something is wrong. So if you don't want to become part of the DDoS attack, cgminer and bfgminer are good choices.


Is there any settings for cgminer to fine tune it's connectivity is such situations (i mean ddos attacks) ?
Jcw188
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500

Carpe Diem


View Profile
June 17, 2013, 09:10:06 PM
 #3453

is there a backup server option for guiminer?  would like to stay with you Dr., just seems like it's been down more often lately.  wish you luck with correcting this!
DrHaribo
Legendary
*
Offline Offline

Activity: 2716
Merit: 1034


Bitminter.com Operator


View Profile WWW
June 17, 2013, 09:13:18 PM
 #3454

That's true if the difficulty stay the same.
Considering that the difficulty is going up fast, it's more profitable to find bloc faster before the difficulty rises again.

No, not necessarily more or less profitable, but more likely to be close to average profitability.

The thing with difficulty going up in big jumps and probably never going back down to the old level is that if you had some very good or very bad luck just before the change in difficulty, then that luck does not as easily even out.

It's easy to assume that what will happen is that you will have bad luck and then difficulty rises, because many people tend to see the negatives.

But what happens if you have very good luck and then the difficulty goes up?

▶▶▶ Bitminter.com 2011-2020
Mastergerund
Member
**
Offline Offline

Activity: 114
Merit: 10



View Profile WWW
June 17, 2013, 09:33:15 PM
 #3455

But what happens if you have very good luck and then the difficulty goes up?

Then you don't notice, because...

Quote
because many people tend to see the negatives.

So sad. We try so hard to be more objective, but our innate psychological foibles keep tripping us up!

   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ ✅ PRiVCY ($PRIV) is a new PoW/PoS revolutionary privacy project ● ☞ ✅ Best privacy crypto-market! ● █▆▅▃▂
    Own Your Privacy! ─────────────────║ WebsiteGithub  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ║─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June]✅[Bounty]✈✈✈ ║───────────║ Wallet ➢ ✓ Windows  |  ✓ macOS  |  ✓ Linux
SilentSonicBoom
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250



View Profile WWW
June 17, 2013, 09:34:43 PM
 #3456

Are we still having issues with downtime?

Xian01
Legendary
*
Offline Offline

Activity: 1568
Merit: 1038


Christian Antkow


View Profile
June 17, 2013, 10:16:22 PM
 #3457

Ok. I have to be honest. The downtime/problems are starting to annoy me to the point of starting to consider making BTCGuild my primary, and Bitminter as my secondary.
lenny_
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


DARKNETMARKETS.COM


View Profile WWW
June 17, 2013, 10:41:48 PM
Last edit: June 17, 2013, 11:02:05 PM by lenny_
 #3458

I already did similar thing - I moved to Slush pool. No downtimes on Slush since change.
Can't pool operator afford buying stronger DDoS protection  Huh

DARKNET MARKETS >> https://DARKNETMARKETS.COM
lenny_
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


DARKNETMARKETS.COM


View Profile WWW
June 17, 2013, 11:01:10 PM
 #3459

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.

You only have less variance in a bigger pool. No advantage in the long run.

Not true.
Let's do some calculations:
Pool1:   1 TH, finds block every 23.07 hours, 1.04 blocks/day.
Pool2: 10 TH, finds block every 2.307 hours, 10.4 blocks/day.
Mining with same hashrate, payouts will be statistically equal.

But there's one interesting thing:

Each block in Bitcoin network have ~0.5, sometimes even more! of Transaction Fees.
In Pool1, we have this bonus only 1 time per day. In Pool2, we have it 10 times a day.
So on Pool2 with stronger power, will collect more Transaction Fees and users get it split between them 10 times per day instead of 1! That's ~5-10 BTC more for pool, every day.
Bonus reward for miners equals ~1/3 of block everyday, at no extra cost? Sure thing.

That's why it's better to mine on bigger pool, more rewards (thanks to network transaction fees) to split and smaller variance.

DARKNET MARKETS >> https://DARKNETMARKETS.COM
eleuthria
Legendary
*
Offline Offline

Activity: 1750
Merit: 1007



View Profile
June 17, 2013, 11:21:49 PM
 #3460

With the new difficulty level, we desperatly need more hashpower, when does cloudhashing is supposed to join us ?

This is why I had to leave, with a low rate you get stuck on bad blocks for too long. If you have a high hash rate then the bad blocks are over faster giving you more chances for good luck.

You only have less variance in a bigger pool. No advantage in the long run.

Not true.
Let's do some calculations:
Pool1:   1 TH, finds block every 23.07 hours, 1.04 blocks/day.
Pool2: 10 TH, finds block every 2.307 hours, 10.4 blocks/day.
Mining with same hashrate, payouts will be statistically equal.

But there's one interesting thing:

Each block in Bitcoin network have ~0.5, sometimes even more! of Transaction Fees.
In Pool1, we have this bonus only 1 time per day. In Pool2, we have it 10 times a day.
So on Pool2 with stronger power, will collect more Transaction Fees and users get it split between them 10 times per day instead of 1! That's ~5-10 BTC more for pool, every day.
Bonus reward for miners equals ~1/3 of block everyday, at no extra cost? Sure thing.

That's why it's better to mine on bigger pool, more rewards (thanks to network transaction fees) to split and smaller variance.

The larger pool would split those bonus rewards (tx fees) with more people.  There *shouldn't* be a difference in how much you make based on pool size assuming uptime and fees are the same.  The exception is that a smaller pool can screw you on variance before big difficulty changes.  On the flip side, you can end up WAY ahead of what you should before those big changes on a smaller pool.  In the long run these shortfalls/big wins should even out, and you can never know which side you'll be on until it has already happened.

RIP BTC Guild, April 2011 - June 2015
Pages: « 1 ... 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 [173] 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 ... 372 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!