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Author Topic: Im hashing at 1.1Ghash but im only getting .6 btc a day am I in the right pool  (Read 2621 times)
leeloulee
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July 19, 2011, 11:41:37 PM
 #1

Im currently hashing at 1.1 Ghash\s but on my best day I only get .6 btc in 24 hours,should I switch pools or is that the norm right now?

I would love to see some posts of peoples speeds and their rewards for 24 hours of mining,and with pool would pay the best Wink

SGT longdong
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Sukrim
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July 19, 2011, 11:47:26 PM
 #2

Short term best paying = pool hopping in proportional pools
Short term fairest paying = PPS pools (Eligius/Arsbitcoin)

Long term best paying = long term fairest paying = any pool with 0% fees, no proportional payout (hoppers!) and ideally even payout of transaction fees

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July 20, 2011, 12:05:58 AM
 #3

Did you only mine for 24 hours? Mine for two weeks, and then see if you get the expected amount of BTC for your hashrate.

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XRcode
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July 20, 2011, 12:09:37 AM
 #4

That is about right, I have 2.5Ghash and I get anywhere between 1.20 and 1.75 a day, there is definitely some variance.
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July 20, 2011, 12:10:10 AM
 #5

maybe a bit too high stale right also?

on average you should do about ~0.65 in 24hours now. should have done obviously a little better with last difficulty

# BTCServ - EU based Mining Pool
# 0% PPS - 0.0000399757 - Hopping Proof
# Official Thread
bcpokey
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July 20, 2011, 12:34:02 AM
 #6

Stale shares, variance in rate of share submission, variance for pool, pool fees, all these things can and/or will drag down your BTC earned. If you're close to the theoretical return rate, you're doing well.



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SmokeAndMirrors
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July 20, 2011, 12:59:45 AM
 #7

Short term best paying = pool hopping in proportional pools
Short term fairest paying = PPS pools (Eligius/Arsbitcoin)

Long term best paying = long term fairest paying = any pool with 0% fees, no proportional payout (hoppers!) and ideally even payout of transaction fees

Short term = whatever pool
Long term = solo mining

In the end though, solo mining is most profitable due to 0% fees (you actually get paid transaction fees) and significantly less downtime.

Help Bitcoins by buying clothes, technology, books, etc. through people/stores that accept BTC. This will increase overall value of BTC as well as mitigate unnecessary bank transaction fees.

My address -
1EM9HGg1SEa5Bux1rVEPxGqGSfNTTc9EkC
bmgjet
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July 20, 2011, 03:30:50 AM
 #8

Try BTCGuild you can choice to pay feels and get confirmed instantly or pay no fees but wait 17 hours per block.
Im getting 0.31 a day on 288 mhash/s with a few hours with my 6670 joining in adding an extra 121mhash/s

Donations to: 1BMGjetfht9XLkGBYR4TSsuXjrYEKACcow
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300MHash/s 6850 http://www.techpowerup.com/gpuz/5u6wr/
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Meni Rosenfeld
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July 20, 2011, 03:54:36 AM
 #9

Short term fairest paying = PPS pools (Eligius/Arsbitcoin)
These are not PPS! You're misleading people by implying that they are.

And it's funny you say these are good short-term, given that they only promise you'll get your due payout eventually (if the pool lives that long).

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Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
terroh8er
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July 20, 2011, 07:25:47 PM
 #10

Try BTCGuild you can choice to pay feels and get confirmed instantly or pay no fees but wait 17 hours per block.
Im getting 0.31 a day on 288 mhash/s with a few hours with my 6670 joining in adding an extra 121mhash/s

You must be lucky or something. I'm mining with 930mh/s and get ~.55 BTC/day.
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July 20, 2011, 07:39:35 PM
 #11

In the end though, solo mining is most profitable due to 0% fees (you actually get paid transaction fees) and significantly less downtime.

How many transactions actually have collectable fees on them? I know this is supposed to supplant the reward, so I'm wondering if you are seeing any signs of this.
Meni Rosenfeld
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July 21, 2011, 06:37:06 AM
 #12

In the end though, solo mining is most profitable due to 0% fees (you actually get paid transaction fees) and significantly less downtime.

How many transactions actually have collectable fees on them? I know this is supposed to supplant the reward, so I'm wondering if you are seeing any signs of this.
You can investigate this at http://blockexplorer.com/.

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Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
Sukrim
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July 21, 2011, 10:44:37 AM
 #13

Short term fairest paying = PPS pools (Eligius/Arsbitcoin)
These are not PPS! You're misleading people by implying that they are.

They are "PAMSAPWPPSP" (Pay as many shares as possible with PPS payment). As long as they have a positive balance (which both currently have), it is possible for them to pay PPS and they will do so, if the operators don't cheat.

Short term = whatever pool
I disagree, in a proportional pool your shares get worth less and less, the longer the round is. Getting in a 6 million shares round on a proportional pool is eqal to mining with only 25% of your hash rate in a 100% PPS pool (which do only exist if arsbitcoin or Eligius have positive funds - if their funds are negative, you risk not getting paid for some shares or getting paid less than 100% PPS).

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
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OgNasty
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July 21, 2011, 04:45:42 PM
 #14

I like BTCMine.

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