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Question: What payout model do you prefer?
Classic shared block payout model - 100 (42%)
Score based payout model - 62 (26.1%)
Pay per share payout model - 76 (31.9%)
Total Voters: 236

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Author Topic: [CLOSED] BTCMine - ZERO fee mining pool (LP, SSL, JSON API, P2SH)  (Read 162903 times)
JWU42
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April 22, 2011, 01:25:18 PM
 #261

Amazing growth the last 2 weeks - our luck is rather impressive right now as well - must be the new blood  Grin

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Littleshop
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April 22, 2011, 01:58:27 PM
 #262

Hi guys, I am new to this forum and BTCmine. Seems like we are steady at 15 Ghash/s at moment. Just wanna say hi Wink
 
Welcome Timon and all of the new members.  We have grown greatly in the past three days,wow!


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April 22, 2011, 08:44:35 PM
 #263

AMPEATER just put the hammer down and is remaining true to his name.  I am no longer king of the hill on BTCmine.com   Shocked

How long till my 12 solved blocks are beat?




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April 22, 2011, 09:19:30 PM
 #264

AMPEATER just put the hammer down and is remaining true to his name.  I am no longer king of the hill on BTCmine.com   Shocked

How long till my 12 solved blocks are beat?

You definitely need add more 5970  Grin

p.s. actually you at 3rd place right now, there is some a hidden miners Smiley

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marcus_of_augustus
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April 22, 2011, 11:12:59 PM
 #265


Yeah, looks you guys are on your way now, should take off from here, see if you can get your hash total posted on the bitcoin charts page with slush and deepbit

http://bitcoincharts.com/markets/

 ... it was good to give you a leg up past the 10G barrier but I'm better off with a closer pool for connection quality. Hard work those long rounds, I admire your guts.

shivansps
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April 23, 2011, 01:21:49 AM
 #266

we just hit the 21Ghash/s

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shivansps
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April 23, 2011, 07:41:31 PM
 #267

lets finish this round already....   Embarrassed

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April 23, 2011, 10:26:00 PM
 #268

lets finish this round already....   Embarrassed

It is payback for all of those unusually short rounds! 

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April 24, 2011, 12:00:59 AM
 #269

the longest round in the pool history is 264290 shares? because we are not that far.

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April 24, 2011, 12:10:22 AM
 #270

the longest round in the pool history is 264290 shares? because we are not that far.
Yep, but this is not longest rounds in the history.
You may see every day 400-500k rounds in 100+ Ghash/s pools.
Or record in slush pool a day ago:  1M+ hash round Smiley

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shivansps
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April 24, 2011, 12:16:28 AM
 #271

yup, but those long rounds are bad for persons like me... at 450mhash/s, its mining for over 14 hours to get 1 btc at best. Thats is 0.07 per hour.  Undecided

bad luck.

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JWU42
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April 24, 2011, 12:18:43 AM
 #272

We had a great run this past week...

Average shares was 51879 (Sunday-Saturday).  Well below the previous difficulty of 82347 and even further below the current diff of 92347

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April 24, 2011, 12:22:48 AM
 #273

Yeah... right now i waiting to this round to finish so i can finally turn off the pc to change the PSU, i cant even think about doing it before the round ends, because it will be 14 hours for nothing. and its already nothing.

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April 24, 2011, 01:49:53 AM
 #274

I have 1.25 Mhash/s hashing capacity,how much btc should be generating using btcmine in an hour (avg) ?

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April 24, 2011, 04:41:34 AM
 #275

Yeah... right now i waiting to this round to finish so i can finally turn off the pc to change the PSU, i cant even think about doing it before the round ends, because it will be 14 hours for nothing. and its already nothing.

Why not change it now, while you're making much less money per GPU/CPU cycle?  You'll still get some BTC.  Would you rather change it later when you're going to miss a 45 minute round?  I think you're making the sunk cost fallacy.
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April 24, 2011, 04:44:31 AM
 #276

I have 1.25 Mhash/s hashing capacity,how much btc should be generating using btcmine in an hour (avg) ?

With the current difficulty and hash rate, the Bitcoin Generation Calculator shows that we should hit on average every 5 and a half hours.  So take your estimated bounty * 24 / 5.5.
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April 24, 2011, 05:07:45 AM
 #277

What is the minimum Mhash/sec threshold to generate profit from mining.My electricity cost is 0.1 $/unit  (kWh) .

spndr7
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April 24, 2011, 05:14:17 AM
 #278

Engery efficiency can be assumed at 0.018 Mhash/ Joule .

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April 24, 2011, 06:05:03 AM
 #279

Engery efficiency can be assumed at 0.018 Mhash/ Joule .

Theoretically
0.000544588315849 BTC per hour with current generation difficulty
x 1,6  (current market BTC/USD price)
x 24
~ $0,020912184  per day

Slow computer at 200Wt/h  ~$0,48 per day (with your price $0,1)
So system with 1,2M not profitable at all, unless you have free electricity

The entry level gpu rig it's about $1,08 per day for electricity (450wt/h)
0,675 BTC per day
0,028125 BTC per hour

So 65Mhash/s enough for cover electricity cost with little profit.
For better calculation you need real numbers for your rig power consumption.

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April 24, 2011, 01:05:51 PM
 #280

Thanks for the info.

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