Bitcoin Forum
August 19, 2018, 01:57:41 PM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 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] 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 ... 375 »
  Print  
Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 834510 times)
kano
Legendary
*
Offline Offline

Activity: 2548
Merit: 1052


Linux since 1997 RedHat 4


View Profile
September 05, 2013, 08:28:20 AM
 #4341

Odd how statistics of random numbers seems to be ... random Smiley

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
BOUNTY PORTALS
BLOG
WHERE BOUNTY MANAGEMENT
MEETS AUTOMATION
SIGNATURE CAMPAIGNS
TWITTER
FACEBOOK
MEDIA CAMPAIGNS
AND MORE!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1534687061
Hero Member
*
Offline Offline

Posts: 1534687061

View Profile Personal Message (Offline)

Ignore
1534687061
Reply with quote  #2

1534687061
Report to moderator
1534687061
Hero Member
*
Offline Offline

Posts: 1534687061

View Profile Personal Message (Offline)

Ignore
1534687061
Reply with quote  #2

1534687061
Report to moderator
1534687061
Hero Member
*
Offline Offline

Posts: 1534687061

View Profile Personal Message (Offline)

Ignore
1534687061
Reply with quote  #2

1534687061
Report to moderator
dave111223
Hero Member
*****
Offline Offline

Activity: 994
Merit: 1000



View Profile WWW
September 05, 2013, 09:20:55 AM
 #4342

I wonder what the record for longest block on Bitminter is?

TheQuin
Hero Member
*****
Online Online

Activity: 644
Merit: 663


Freebitco.in Forum Dude https://bit.ly/2I9BVS2


View Profile WWW
September 05, 2013, 09:22:55 AM
 #4343

Odd how statistics of random numbers seems to be ... random Smiley

Even odder how the human mind tries to convince itself that it can see order where none exists.

baddogshuck
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
September 05, 2013, 09:28:41 AM
 #4344

If this block turns out to be stale, I'm going to be so annoyed  Tongue
norpick
Jr. Member
*
Offline Offline

Activity: 32
Merit: 0



View Profile
September 05, 2013, 09:56:32 AM
 #4345

If this block turns out to be stale, I'm going to be so annoyed  Tongue

It's not looking good is it?  Huh
philipma1957
Legendary
*
Offline Offline

Activity: 2198
Merit: 1292


Avalon 841 rocks


View Profile
September 05, 2013, 10:12:54 AM
 #4346

Being Chinese, I am now wearing red underwear to ward off the bad luck.  I STRONGLY SUGGEST IT!
my brother teaches english as a second language to Chinese students. I will put on a pair of red jockey under pants right now. Followed by a red jockey undershirt!

 Is this TMI?

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
AlexMc
Jr. Member
*
Offline Offline

Activity: 54
Merit: 0


View Profile
September 05, 2013, 11:07:44 AM
 #4347

Being Chinese, I am now wearing red underwear to ward off the bad luck.  I STRONGLY SUGGEST IT!
my brother teaches english as a second language to Chinese students. I will put on a pair of red jockey under pants right now. Followed by a red jockey undershirt!

 Is this TMI?

Seems to have done the trick!!

Lets hope we don't see another block like that for a while.  99.8% CDF  Cry

You store & send data in megabytes & gigabytes, why not send money in DigiBytes? (https://bitcointalk.org/index.php?topic=408268.0)
TheQuin
Hero Member
*****
Online Online

Activity: 644
Merit: 663


Freebitco.in Forum Dude https://bit.ly/2I9BVS2


View Profile WWW
September 05, 2013, 11:21:51 AM
 #4348

Being Chinese, I am now wearing red underwear to ward off the bad luck.  I STRONGLY SUGGEST IT!
my brother teaches english as a second language to Chinese students. I will put on a pair of red jockey under pants right now. Followed by a red jockey undershirt!

 Is this TMI?

Seems to have done the trick!!

Lets hope we don't see another block like that for a while.  99.8% CDF  Cry

Let's hope so. I have had more than enough visions of people in red underwear for now (actually it works better if it's a hot chick in red underwear.).

kano
Legendary
*
Offline Offline

Activity: 2548
Merit: 1052


Linux since 1997 RedHat 4


View Profile
September 05, 2013, 12:05:43 PM
 #4349

...
Let's hope so. I have had more than enough visions of people in red underwear for now (actually it works better if it's a hot chick in red underwear.).

This help?
NSFW
http://25.media.tumblr.com/e69e6619cebbff3bdcdfd5e0f3eab825/tumblr_mj643lA1qE1rdxozyo1_500.jpg

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
TheQuin
Hero Member
*****
Online Online

Activity: 644
Merit: 663


Freebitco.in Forum Dude https://bit.ly/2I9BVS2


View Profile WWW
September 05, 2013, 12:24:11 PM
 #4350


Yes that helps, I bookmarked it for the next long block.

ThatFatGuy
Jr. Member
*
Offline Offline

Activity: 38
Merit: 0


View Profile
September 05, 2013, 12:40:53 PM
 #4351

Howdy Ya'll,
Maybe you can explain something to me:

How is it we went for like four days early in the week with single BTCs in the 55+% CDF, and got paid decently, then on Tuesday,
BitMinter gets 4 BTCs with CDF under 35%, and suddenly the pool Ths go up by around 4.5 Ths, and after two days of what should have been a freaking bonanza after a slow week, I got a total pay off of around 0.13 BTC for that 48 hours of work.

Now I pay the 2% pool perks to get paid first, and I know we don't get paid for stale work, but I have watched my return for slow days be better than extremely good days for pay out.

But most worryingly is I watched my daily profitability go from around from 0.48-0.54 BTCs to 0.34 BTCs on the very day of our best discoveries, and there were no corresponding changes in difficulty or network hashing power: only a change in the pool when blocks were discovered.

So while people are complaining about a CDF of 99%+, it really wasn't surprise.  What was a surprise was BitMinters "API was down so weekly network hash rates couldn't be calculated" for the very week I watched my ROI go from 0.48 BTC to around 0.34 BTC per day in the very 48 hoir period when we get our biggest day for a while, and meanwhile there is a corresponding pool hash rate increase of some 25%?

Basically, because we watch the stats in real time, when we look for accounting of how our work was used, we don't get much explanation, even though I see that the BitMinter weekly pool stats in CDF and payouts correspond closely to other big pools.

Perhaps it was a synchronicity that on our biggest day for a while, Network hash rate suddenly increased such that there was a nearly 25% reduction in my daily return from my miner, that had nothing to do with either a software bug, an increase in pool hash rate, or the way the spoils are divvied up.

But I have read such complaints here before and dismissed them when the BitMinter guy comes in an explains why certain things are the way they are.  And also, I had good support from BitMinter early on when I had a question.  Finally, BitMinter, was the only software that worked with my first tiny .333 Ghs usb plugs, so I wanted to show my appreciation by sticking with the pool as it is a smaller one in the top ten, to help diversify the pool computation.

But it seems that if all things stay the same, my ROI hash rate return will fall below  0.1 BTC per day for a BFL 60 Ghs miner within the next 4 weeks.

While I understand that difficulty increases, I used the 61% year over year depreciation stat in the calculator for a purchasing decision.  Now it appears that only true diagnostic for ROI is network hashrate-- not difficulty.  OR POSSIBLY POOL HASHRATE.

I was under the impression that BitMinter had some type of controls installed so that people couldn't easily pool hop.  But maybe that is what is needed.

So it appears to me, that my BFL 60 Ghs miner which was totally profitable less than 10 days ago suddenly became unprofitable by almost 0.16 BTC per day within a single 48 hour period.

I don't dispute it's possible or likely, it just doesn't seem to correspond to what I was getting several orders of magnitude lower with my .333 ghs miners.

The data does not continue to comply with the estimations at higher hash rates, even when accounting for difficulty.

Thus, I need some kind of explanation or I have to start looking elsewhere for any shred of profitability until I get ROI, which should have been Dec. 14, 2013 at the latest and now seems pushed back to June 2014, as of yesterday.

Honestly, I am trying to make a decent go of this, with good accounting, and yesterday doesn't seem to add up-- even when accounting for unclosed blocks waiting to be paid.

It really sucks, and if Network Hashrate is the true Gorilla in the room rather than difficulty, how has that avoided the major avenues of research here on Bitcointalk.org and other newsworthy sites.  Because if Network Hashrate IS the gorilla in the room, then every calculator I've used lacks a Network Difficulty variable to help keep from screwing ourselves.

If our community is so desperate as to need to completely misrepresent the way that difficulty works so that folks will buy hardware from only 4 manufacturers without a real picture of deflation, then we are everything the straight banking community says we are.

And rather than make the next leap to a 2 Th machine to continue mining, after yesterday, it looks like I should be one of the assholes on eBay asking a lot for a machine and get out of the game now....

It's really kind of disappointing.

Any happy thoughts?    Huh


  
ThatFatGuy
Jr. Member
*
Offline Offline

Activity: 38
Merit: 0


View Profile
September 05, 2013, 12:44:35 PM
 #4352

Wow, I'm going to complain some more and threaten to walk out again. We just got a 6.5% CDF Btc 2 minutes ago.... Tongue
TheQuin
Hero Member
*****
Online Online

Activity: 644
Merit: 663


Freebitco.in Forum Dude https://bit.ly/2I9BVS2


View Profile WWW
September 05, 2013, 01:19:04 PM
 #4353

Wow, I'm going to complain some more and threaten to walk out again. We just got a 6.5% CDF Btc 2 minutes ago.... Tongue

That and wearing red underwear seem to be the key to having good luck.

But more seriously variance evens out over much longer periods of time, weeks and months not days.

organofcorti
Donator
Legendary
*
Offline Offline

Activity: 2058
Merit: 1000


Poor impulse control.


View Profile WWW
September 05, 2013, 01:23:18 PM
 #4354

Howdy Ya'll,
Maybe you can explain something to me:
<snip>

I think you have a lot of misconceptions about pooled mining, and unfortunately that tends to be the case for many miners. I don't really know where to start, but can estimate the amount you could expect to earn per day as follows:

Code:
miner hashrate / 2^32 * B / D * 86400
B = block reward, 25 btc
D = network difficulty, currently 86933017.771194

So in the case of a 60 Ghps miner: 60e09 / 2^32 * 25 / 86933017.771194 * 86400 = 0.3471046 btc expected per day. In your post you mention 034 btc per day. Given the amount of variance one would expect, this is vary close. I don't think you're seeing anything unusual. Maybe you're expectations were a bit unrealistic?


Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
philipma1957
Legendary
*
Offline Offline

Activity: 2198
Merit: 1292


Avalon 841 rocks


View Profile
September 05, 2013, 01:26:32 PM
 #4355

your single will make about 3.52 btc in the next 10 days.   I use this calc


https://bitclockers.com/calc  


 plugged in  61200 hash

350 watts

 .18 usd a k watt

 10 days time


120 usd a btc

87000000 diff  

1% diff change-----   since we will stay at 87 mill for about 10 more days  

25 btc a block



so just see what you make in the next 10 days   over 3.52 btc good luck under  3.52 bad luck   you pay fees so  3.52 is off a bit.

so more like 3.32 btc    you used .34 which 10x is close to my number.  and in 10 days or so diff will jump and your single will be a little worse.

  you could sell it on ebay  but offer pick up only and btc payment only.  No chargebacks that way.  this one is over 4 k


http://www.ebay.com/itm/Butterfly-Labs-BFL-Bitforce-SC-Single-60GH-s-IN-HAND-READY-TO-SHIP-/221276166796?pt=LH_DefaultDomain_0&hash=item3385165a8c  

 I do not think a single will earn 4.5 k over its life.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
ThatFatGuy
Jr. Member
*
Offline Offline

Activity: 38
Merit: 0


View Profile
September 05, 2013, 01:27:30 PM
 #4356

Okay but riddle me this: How is that my hash rate seems to be decreasing by half every 13 days!?! (according to the Mint Speed of the BitMinter Client v1.4.1).  Friday before last at around 7 PM Central I was getting over 0.6 BTC per day, and now around 0.35 BTC.  

With that rate of change in depreciation, there is no way to argue for even the newest biggest machines, because they would become worthless in a year.

So was there a change in the way that  "Approx Mint Speed" was figured or displayed in the new client that may help to explain the loss of mint speed despite better hash rates in the second week?  

Because external added hashing to the network is the only thing other than that which could explain the high rate of depreciation-- and despite an increase in BTC value from $112 to $145 USD in the same time.

Or maybe larger miners with experience could give some perspective on how long I should give a 60 Ghs machine to get a better estimate?

Thanks.

PS far easier to be an extremely bad drug dealer who was constantly arrested than a legit BTC miner....
ThatFatGuy
Jr. Member
*
Offline Offline

Activity: 38
Merit: 0


View Profile
September 05, 2013, 01:32:06 PM
 #4357

I read the above post, and 3.4 BTC mined over the next ten days isn't bad, but what is-- is the next ten days at around 1.7 BTC. 

It can't be on;y me, no matter what miner you have this depreciation means that even first in line for the newest BFL server blades, you would still depreciate total hash rate by half every ten days.

Brutal.
baddogshuck
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
September 05, 2013, 01:40:49 PM
 #4358

Well, there are so many people who are doing what you are doing right now - buying high hashrate ASICs.  Because of this the the amount of hashing power is increasing rapidly.  When the current rush of miners have got their systems in-hand, the hash rate will steady out somewhat.

Unless the price of bitcoin increases, I don't think rigs bought now will ever make enough to repay their cost as the total hash rate spirals.

Of course, you could keep buying more rigs to keep up your hashing power  Grin
TheQuin
Hero Member
*****
Online Online

Activity: 644
Merit: 663


Freebitco.in Forum Dude https://bit.ly/2I9BVS2


View Profile WWW
September 05, 2013, 01:42:03 PM
 #4359

I read the above post, and 3.4 BTC mined over the next ten days isn't bad, but what is-- is the next ten days at around 1.7 BTC. 

It depends what the next difficulty is. This site has an estimate http://dot-bit.org/tools/nextDifficulty.php
of 102,941,704 so plugging that in I calculate. 0.293 per day. Of course that estimate may not be accurate.



philipma1957
Legendary
*
Offline Offline

Activity: 2198
Merit: 1292


Avalon 841 rocks


View Profile
September 05, 2013, 01:43:06 PM
 #4360

Well, there are so many people who are doing what you are doing right now - buying high hashrate ASICs.  Because of this the the amount of hashing power is increasing rapidly.  When the current rush of miners have got their systems in-hand, the hash rate will steady out somewhat.

Unless the price of bitcoin increases, I don't think rigs bought now will ever make enough to repay their cost as the total hash rate spirals.

Of course, you could keep buying more rigs to keep up your hashing power  Grin


or he could sell his machine on ebay for a profit .  he paid the old price around 1500.

 he could sell it for 3.5k right now 2000 ahead.  the price of 3.5k would be the lowest on ebay, just be sure to do pickup only and btc only (no charge backs)

 then buy asic sticks with the profit (if he really wants to mine) I would sell him 50 sticks for 1500.

 his out of pocket cost for the sticks would be zero. he would have only 17gh hash but it would be free. and still have 500 in his pocket.  he would make me happy and the ebayer that paid "only" 3500 would be happy.  

now down the road his asic sticks would not make a profit due to power costs (sounds like gpus) but 50 sticks pulls 200 watts or so and in the winter would be a bit of free heat so to speak.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Pages: « 1 ... 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] 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 ... 375 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!