phathash
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March 05, 2011, 08:05:18 AM |
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No block for 12 hours?
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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VastLite
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March 05, 2011, 08:32:10 AM |
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It has not been a good day for us proportional users...  |
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new_in_this
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March 05, 2011, 09:48:40 AM |
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Back in mining  HDD was burning hot when i closed my computer and was having lot's of difficulties to boot. It was under warranty and i got replacement disk. Luckily i'm over paranoid with backups and didn't lose any important info and files I think that burning hot HDD caused my GPU fan to near max out as inside case was reallyreally hot  OK, back to topic. Could someone explain proportional/pay per share in a way that i understand (think i'm stupid)? EDIT: @[Tycho]: could you set forum link attribute to open in new window/tab? |
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os008
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March 05, 2011, 11:56:31 AM |
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Could someone explain proportional/pay per share in a way that i understand? Here you go ... I just want to make sure i've understood the difference, please ...
Proportional: Reward is based on finding a block. (I think i'm wrong here)
Pay-per-Share: Reward is based on the number of shares submitted, and the price specified on the homepage per share.
Yes, you are right. Proportional: you get your part of the block when it's found. If you submitted 10000 shares and the block took 20000 to solve, you get half of all the reward. Pay-per-Share: you get that fixed price for every share instantly, even if block is not found yet. This does need to be simplified a bit more, e.g. Proportional: . . . you get half of all the reward, less three percent, which is commission to the pool operator. Pay-per-Share: . . . that fixed price is, on average, ten percent less than you would get on a statistical average over the long term. I think these are fair commissions as they are in line with others. I mention it here only because if it is not completely clear to everyone, people are going to jump all over you when they finally get a clue and they are going to accuse you of cheating them. Look at Slush's pool . . . people were asking him pointed questions, as if he were up to no good, at a time he wasn't even charging anything. Just FYI, the only reason I left Slush's pool is that I was getting a large percentage of invalid/stale responses which may have accounted for a percentage of loss larger than anyone's commission. That may have been a problem on my end, and not with Slush's pool, but since it has apparently been eliminated, I will stick with your pool for awhile. My motto: Put all of your eggs in one basket. Then watch that basket. |
2x5850 @ 600[M|K]H/s
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JWU42
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March 05, 2011, 12:45:18 PM
Last edit: March 05, 2011, 02:03:01 PM by JWU42 |
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I switched to PPS last night until I see us getting stable again with results.
EDIT: My PPS is even well below normal. Just 0.08823492 last hour. I should be nearer .315/hour with 488Mhash/s based on my calculations.
Last hour back at .331 - as it should be - will watch this today...
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kosovito
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March 05, 2011, 01:46:48 PM |
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Just a simple question from a noob.
Is needed to run bitcoin with Generating Coins activated?? or running mining in a cmd is ok??
Thanks
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Please sir, give me any coin 135T7F27z7Mtvwffz359BE1zSfYgT1oJ8S |
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Neereus
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March 05, 2011, 01:54:21 PM |
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Just a simple question from a noob.
Is needed to run bitcoin with Generating Coins activated?? or running mining in a cmd is ok??
Thanks
If you are generating coins with a miner and connected to deepbit, then no, you do no have to have the regular client up at all. If you are using a cpu miner, having generate coins on in the regular client would be a counter productive thing to do as well. |
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kosovito
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March 05, 2011, 02:14:43 PM |
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Just a simple question from a noob.
Is needed to run bitcoin with Generating Coins activated?? or running mining in a cmd is ok??
Thanks
If you are generating coins with a miner and connected to deepbit, then no, you do no have to have the regular client up at all. If you are using a cpu miner, having generate coins on in the regular client would be a counter productive thing to do as well. Ok, then, i have a GUI miner running, and bitcoint too (but disabled generating coins) This is the mining:  Is that ok then?? Thanks |
Please sir, give me any coin 135T7F27z7Mtvwffz359BE1zSfYgT1oJ8S |
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hazek
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Merit: 1002
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March 05, 2011, 02:38:11 PM |
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Hi, Im new here...
What would you recommend for me? PPS or Proportional?
Definitely proportional. But you have to understand there's a bit of variance involved so in short periods PpS is more constant but if you intend to run it for at least a week which is how long I think it'll take to even out for how fast the pool finds blocks you'll get more with proportional. |
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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hazek
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March 05, 2011, 02:38:42 PM |
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Is that ok then??
Thanks
Yep. |
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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foo
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March 05, 2011, 03:17:57 PM |
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Man, variance is a bitch...  Time/Link Found in Total shares
05.03.2011 15:57:27 0h 02m 1746
...
05.03.2011 11:00:13 13h 21m 394614 |
I know this because Tyler knows this.
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electrotime
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March 05, 2011, 03:22:41 PM |
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Definitely proportional. But you have to understand there's a bit of variance involved so in short periods PpS is more constant but if you intend to run it for at least a week which is how long I think it'll take to even out for how fast the pool finds blocks you'll get more with proportional.
Thank you! I'll follow your advice... ^^ |
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JWU42
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March 05, 2011, 03:35:00 PM |
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It certainly appears that after we find a block in a short time (i.e., less than 60 minutes) the next block is closer to 4-5 hours. 05.03.2011 12:19:40 3h 02m
05.03.2011 09:17:00 0h 16m
05.03.2011 09:00:13 13h 21m
04.03.2011 19:39:11 0h 38m
04.03.2011 11:40:10 3h 55m
04.03.2011 07:44:57 0h 03m
04.03.2011 07:41:48 5h 35m
04.03.2011 02:06:22 0h 55m
04.03.2011 01:11:19 4h 52m
03.03.2011 20:19:12 0h 12m
The exception is the "God Run" we had on 3 March where we had 5 in a row less than an hour... |
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hazek
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March 05, 2011, 03:43:59 PM |
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Man, variance is a bitch... Time/Link Found in Total shares
05.03.2011 15:57:27 0h 02m 1746
...
05.03.2011 11:00:13 13h 21m 394614 No kidding: Time/Link Found in Total shares Reward 05.03.2011 14:57:27 0h 02m 1746 None |
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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wolfdog
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March 05, 2011, 04:18:46 PM |
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I switched to PPS last night until I see us getting stable again with results.
EDIT: My PPS is even well below normal. Just 0.08823492 last hour. I should be nearer .315/hour with 488Mhash/s based on my calculations.
Last hour back at .331 - as it should be - will watch this today...
I just switched too and I am seeing much more consistent results, which is to be expected . Maybe I will switch back, but I doubt it since I like seeing consistent results. |
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JWU42
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March 05, 2011, 05:20:26 PM |
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Wolfdog,
There is a 10% fee for PPS so in the long run it isn't as good as proportional. That said, I do like the consistent $.33/BTC per hour
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os008
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March 05, 2011, 06:18:24 PM |
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Thought i'd make myself a simple script to show me when i go below 0.2 hourly average (PPS average, to switch to that). deepbit is treating me well .  |
2x5850 @ 600[M|K]H/s
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new_in_this
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March 05, 2011, 06:30:22 PM |
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@os008:
Thanks, it was on page 5 and for some reason i didn't see it even i've read all replies so far.
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os008
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March 05, 2011, 06:40:33 PM |
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No problem.
I think my Excel sheet needs revision. It's totally off. Anyway, the average so far is higher than the PPS average by 22% over the period of 3 days (0.2 vs 0.243). At least for me. So i'm happy.
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2x5850 @ 600[M|K]H/s
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