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Author Topic: [150TH] [PPLNS 0.5%] Jonny's Mining Emporium (bravo-mining.com)  (Read 218972 times)
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philipma1957
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August 09, 2017, 12:47:26 AM
 #1741

Considering that since the bonus was first announced the price of BTC has gone up, the bonus IS increasing!   Wink

I get that...  and the thought of a 3k+ bonus is tempting.   BUT, at the same time, the bonus USD value is increasing, the Pool Hashrate seems to not be following.   Thus the larger bonus might draw more TH.  Smiley

6k or 9k would certainly get my 14TH pointed there ASAP! 

(I have NO idea how a pool pays out, so I don't even know if a larger bonus would be possible, I was just floating the idea out there)
The bonus is paid out of my own pocket.  When I first offered the 1BTC bonus, the price was considerably lower than it is now.  While I would much rather keep that coin for myself, I'm offering it up to whoever finds the block.  I have in the past upped the bonus for limited time promotions, and may do so again in the future.

Why not point your 14TH here anyway?  Who knows... you might get lucky and hit that block.  Even if you don't, your shares are recorded and saved, just like everyone else's, and when the block is hit, you'll get the appropriate amount of coin for your shares.

Ah, see, I didn't know that the BTC came from you!  I thought there was an adjustment that XX% of the reward would go to the finder and the rest to the others who contributed shares.  I agree, from your pocket seems unfair to ask for a 2 or 3 BTC bonus.

Well, since you asked, "Why not point your 14TH here anyway?" - my response would be (and this could be way off base, I am new and don't really understand how "shares" and such are rewarded when it comes to pools), I hesitate since the pool hasn't found a block in quite some time.   (almost 10 months)   So if I understand correctly, if I started mining with say 14TH today and a block isn't found for another 10 months then I won't get paid until that block is found.   Right?   

I wish I understood pool payout better.







it is a small pool which means very long wait time between blocks.

So  you could mine that 14th  for 2 years even 3 years  and get zero money.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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.
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August 09, 2017, 08:57:35 AM
 #1742

At least it is a pool that does not disappoint its workers as bcmonster defrauded me loosing all my
shares!

And do not come to me with stories that this is how a pool round works because who does not make a security backup copies of your data is a thief anyware in the world!

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August 09, 2017, 01:40:59 PM
 #1743

Hello jonnybravo0311 it seems to me that it's orderly obscured, I'm not complaining, I'm just wondering, there can be problems with anything or errors, too long this block?
Hi Gamora,

There's nothing wrong.  Because the pool has such a low hash rate, and the network difficulty is so high, it takes a very long time to find blocks.  The only way to offset the time is to increase the hash rate.

Ah, see, I didn't know that the BTC came from you!  I thought there was an adjustment that XX% of the reward would go to the finder and the rest to the others who contributed shares.  I agree, from your pocket seems unfair to ask for a 2 or 3 BTC bonus.

Well, since you asked, "Why not point your 14TH here anyway?" - my response would be (and this could be way off base, I am new and don't really understand how "shares" and such are rewarded when it comes to pools), I hesitate since the pool hasn't found a block in quite some time.   (almost 10 months)   So if I understand correctly, if I started mining with say 14TH today and a block isn't found for another 10 months then I won't get paid until that block is found.   Right?   

I wish I understood pool payout better.
Some pools do in fact take a percentage of the shares from the rest of the miners in order to give a bonus to the person who found the block.  I don't feel that's fair to the rest of the miners.  Any and all promotions that I run are solely funded from my own wallet.  To date, I've give well over 10BTC to miners on my pool.

Regarding pool payouts, you are correct.  Until a block is found, nobody gets paid.  Because the hash rate is so low, that could be a year or two.  It could also be tomorrow.  Statistically, that's unlikely, but it is not impossible.  Finding a share with a good enough difficulty is a matter of luck.  The more shares you find (i.e. the more hash rate you have), the better the chance of finding one that solves the block.  There are no guarantees - there are only statistical likelihoods.


Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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August 09, 2017, 10:20:06 PM
 #1744


Some pools do in fact take a percentage of the shares from the rest of the miners in order to give a bonus to the person who found the block.  I don't feel that's fair to the rest of the miners.  Any and all promotions that I run are solely funded from my own wallet.  To date, I've give well over 10BTC to miners on my pool.

Regarding pool payouts, you are correct.  Until a block is found, nobody gets paid.  Because the hash rate is so low, that could be a year or two.  It could also be tomorrow.  Statistically, that's unlikely, but it is not impossible.  Finding a share with a good enough difficulty is a matter of luck.  The more shares you find (i.e. the more hash rate you have), the better the chance of finding one that solves the block.  There are no guarantees - there are only statistical likelihoods.


So let me ask this way.  Again, I appreciate your patience in dealing with my newbie questions.  Smiley

Let's say the pool has a hash of 100TH.

Let's also say you find a block tomorrow, to reset the clock so to speak.

If I'm pointing 10TH to the pool for the next 6 months and a block is found.  Does that mean I get 1/10th of the reward?   




philipma1957
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August 10, 2017, 01:19:46 AM
 #1745


Some pools do in fact take a percentage of the shares from the rest of the miners in order to give a bonus to the person who found the block.  I don't feel that's fair to the rest of the miners.  Any and all promotions that I run are solely funded from my own wallet.  To date, I've give well over 10BTC to miners on my pool.

Regarding pool payouts, you are correct.  Until a block is found, nobody gets paid.  Because the hash rate is so low, that could be a year or two.  It could also be tomorrow.  Statistically, that's unlikely, but it is not impossible.  Finding a share with a good enough difficulty is a matter of luck.  The more shares you find (i.e. the more hash rate you have), the better the chance of finding one that solves the block.  There are no guarantees - there are only statistical likelihoods.


So let me ask this way.  Again, I appreciate your patience in dealing with my newbie questions.  Smiley

Let's say the pool has a hash of 100TH.

Let's also say you find a block tomorrow, to reset the clock so to speak.

If I'm pointing 10TH to the pool for the next 6 months and a block is found.  Does that mean I get 1/10th of the reward?   






no jonny is using 5n payout system  and that means the average of 5 blocks.  not one.

this was not much of a problem when we had more hash and hit blocks more regularly.

hitting a block now does not set to zero  which means you are at a disadvantage since you would be a johny come lately.

this would take me quite a while to explain .

but  say 100 shares should hit a block

and luck was exactly even
5n means the pool looks back 5 x 100 = 500 shares

so in your case you have 0 for the last 5n

you come in now  and you do 10 of 100 shares the 0 for 500 in your case  drops to 0 for 400 and your 10 for 100 comes in so you are 10 for 500

not 10 for 100

5n is great if the pool has a lot of hash.

my little pools are:

 bravo   that is this one
ck pool
mmpool

I have been around a long time  I have more then 3btc sunk into the 3 pools above and I can't avoid to rent and no longer mine at them much

this is not the pool owners fault basically coins are so costly I can not risk mining in allow hash pool and wait a year to collect.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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.
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August 11, 2017, 01:59:01 AM
 #1746

jonnybravo0311 - Kind time, can you arrange a vote, in terms of merging all in one and one day to still split the unit?  I think it would be amusing and it is possible to hit another green block next  Wink
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August 11, 2017, 02:01:56 AM
 #1747

philipma1957 - I'm so interested in what you think about it, I know that you also like this pool  Smiley

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August 12, 2017, 02:10:32 PM
 #1748

jonnybravo0311 - Kind time, can you arrange a vote, in terms of merging all in one and one day to still split the unit?  I think it would be amusing and it is possible to hit another green block next  Wink
I don't understand what you're asking, sorry.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
philipma1957
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August 12, 2017, 03:37:13 PM
 #1749

philipma1957 - I'm so interested in what you think about it, I know that you also like this pool  Smiley



I think you are asking to end the  5n payout system.

And go block by block rather then 5n

 which is a 5 block avg so to speak (well an average of 5x current diff to be more exact)

it would not be fair to the older people that were mining here based on 5n.

in my case the current block stand alone I would be

28,995.794,768 /660,442,186,892 x 12.5 =  0.54 coins   as to my 5n status   I am too lazy to figure it out.

I suppose I may be better off based on this block alone I don't really know

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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.
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August 16, 2017, 06:59:13 PM
 #1750

C'mon lady luck, hit us up! And that 1BTC bonus for the hit would be extra schweet!!  Cool

Mine on

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August 24, 2017, 01:27:21 PM
 #1751

ttoday I looked in the pool,I realize that difficulty dropped?
   Huh
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August 24, 2017, 04:37:40 PM
 #1752

today I looked in the pool,I understand that the difficulty went down?   Huh

indeed, the diff adjust herself every 2016 block.

It means we lost some hashrate (finding block slower) then the past Diff.

Some hashrate has move to BCH. (Bitcoin coin cash network)

Btw i use "herself" since in french everything is a He or She and difficulty is a She. Tongue
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August 24, 2017, 04:55:46 PM
 #1753

today I looked in the pool,I understand that the difficulty went down?   Huh

indeed, the diff adjust herself every 2016 block.

It means we lost some hashrate (finding block slower) then the past Diff.

Some hashrate has move to BCH. (Bitcoin coin cash network)

Btw i use "herself" since in french everything is a He or She and difficulty is a She. Tongue

 
I understand well what you told me,I hope that block will not make us wait even longer
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August 24, 2017, 05:50:57 PM
 #1754

today I looked in the pool,I understand that the difficulty went down?   Huh

indeed, the diff adjust herself every 2016 block.

It means we lost some hashrate (finding block slower) then the past Diff.

Some hashrate has move to BCH. (Bitcoin coin cash network)

Btw i use "herself" since in french everything is a He or She and difficulty is a She. Tongue

 
I understand well what you told me,I hope that block will not make us wait even longer

If the diff goes down it means you should find more block with the same hashrate.

So it's a good news.
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September 03, 2017, 09:15:10 AM
 #1755

I'd like to join you in the near future and experience my luck here.  Wink
 
Hi, jonnybravo0311 can you send mail to all participants about the returns and launching of your fearsome drilling machines  Wink
jonnybravo0311
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September 08, 2017, 02:08:21 PM
 #1756

I'd like to join you in the near future and experience my luck here.  Wink
 
Hi, jonnybravo0311 can you send mail to all participants about the returns and launching of your fearsome drilling machines  Wink
Hi Lexs163,

Take a look at the very first post of this thread to get all the information you will need to connect to the pool.  It also contains all payout and fee information.

My fearsome drilling machines?  Unfortunately they've been quiet as of late Tongue

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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