[ANN][MULTI] HashBros Beta [OPTIONAL-PS][VD][1-1.5%][PPLNS]

[chilin_dude]

Funny how that question doesn't get asked then gets asked twice within 5 minutes, great minds think alike!
So currently we're not mining the higher difficulty coins because of fear of increased variance (even tho long term payout would be better), is there a way to display on the profitability page then, the coins that currently are unminable by our pool, so that when we go on we don't see say Dogecoin top, then Lotto second and wonder why instead we are mining the third choice coin at much lower profitability?
You could just put a line overlaying the whole of the coin to give the user an idea of what is and isn't currently possible.

[Sovietaced]

The whole purpose of pooled mining is to join efforts for more consistent payouts. Why would we mine DOGE as a pool when our estimated time to find a block is over 1 day. That is absolutely retarded. Is it more profitable? In a utopian world yes but it could take plus or minus hours and be much more or much less profitable than it really is. By the time we find a block it could crash and not be as profitable as it once was.

[Sovietaced]

Funny how that question doesn't get asked then gets asked twice within 5 minutes, great minds think alike!
So currently we're not mining the higher difficulty coins because of fear of increased variance (even tho long term payout would be better), is there a way to display on the profitability page then, the coins that currently are unminable by our pool, so that when we go on we don't see say Dogecoin top, then Lotto second and wonder why instead we are mining the third choice coin at much lower profitability?
You could just put a line overlaying the whole of the coin to give the user an idea of what is and isn't currently possible.

What I may do is have a rotation listed under the profit switching pool under the pools tab. The profitability page is more for the public as a resource. This will have to be thoroughly explained because I get it ALL the time, "Why aren't you mining DOGE?!".

[chilin_dude]

Are you guys setup to predict the value of the next block for the various variable reward coins, yet?  (e.g. dogecoin, lottocoin)

Waiting for that before I give HashBros a try again, because calculating profitability based on average dogecoin reward make absolutely no sense at all.

We don't but we will in the future when it matters. Right now we don't mine doge or lotto because of diff. The estimated time to block time has to be less than 5 mins for us to even look at it.

I don't understand this logic.  Are you just trying to decrease variability?  The most profitable thing to mine is the most profitable thing to mine.  high diff increase your variance, but not your profits over time.

This is my point of view too, I go with overall profitability over variance avoidance. Yes we could be unlucky and not hit a doge or lotto block in which case the mh/day would be lower, but our expected mh/day would be higher, regardless of the variance. Hell it could go the other way and we could be lucky straight out the bat.
But i think what matters it the Emh/day (expected megahash per day) regardless of the variance involved (even with high diff coins).

I think the idea of multicoin mining is the maximise our expected payout. By joining a pool we also lower our variance comparatively to just multicoin mining by ourselves.
Dont think its just about more consistent payouts, but more consistent higher payouts which is what happens when you mine the highest profitability coin (be it doge lotto annon franko) regardless of difficulty (in the long run, or short run the variance evens out).

[Sovietaced]

Are you guys setup to predict the value of the next block for the various variable reward coins, yet?  (e.g. dogecoin, lottocoin)

Waiting for that before I give HashBros a try again, because calculating profitability based on average dogecoin reward make absolutely no sense at all.

We don't but we will in the future when it matters. Right now we don't mine doge or lotto because of diff. The estimated time to block time has to be less than 5 mins for us to even look at it.

I don't understand this logic.  Are you just trying to decrease variability?  The most profitable thing to mine is the most profitable thing to mine.  high diff increase your variance, but not your profits over time.

This is my point of view too, I go with overall profitability over variance avoidance. Yes we could be unlucky and not hit a doge or lotto block in which case the mh/day would be lower, but our expected mh/day would be higher, regardless of the variance. Hell it could go the other way and we could be lucky straight out the bat.
But i think what matters it the Emh/day (expected megahash per day) regardless of the variance involved (even with high diff coins).

I think the idea of multicoin mining is the maximise our expected payout. By joining a pool we also lower our variance comparatively to just multicoin mining by ourselves.
Dont think its just about more consistent payouts, but more consistent higher payouts which is what happens when you mine the highest profitability coin (be it doge lotto annon franko) regardless of difficulty (in the long run, or short run the variance evens out).

People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.

[phzi]

People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.

Solution: only mine the extremely profitable doge blocks... say, those that will be over 800,000,000 reward.  Sure it might take you a few days to hit one, but the pool will absolutely profit in the end.  And switch off doge as soon as a block is found and the next block's reward is lower.

[Sovietaced]

People aren't as smart as you guys and don't think as long term. If they don't see earnings within hours they will bounce and I'm trying just to survive now.

[chilin_dude]

Are you guys setup to predict the value of the next block for the various variable reward coins, yet?  (e.g. dogecoin, lottocoin)

Waiting for that before I give HashBros a try again, because calculating profitability based on average dogecoin reward make absolutely no sense at all.

We don't but we will in the future when it matters. Right now we don't mine doge or lotto because of diff. The estimated time to block time has to be less than 5 mins for us to even look at it.

I don't understand this logic.  Are you just trying to decrease variability?  The most profitable thing to mine is the most profitable thing to mine.  high diff increase your variance, but not your profits over time.

This is my point of view too, I go with overall profitability over variance avoidance. Yes we could be unlucky and not hit a doge or lotto block in which case the mh/day would be lower, but our expected mh/day would be higher, regardless of the variance. Hell it could go the other way and we could be lucky straight out the bat.
But i think what matters it the Emh/day (expected megahash per day) regardless of the variance involved (even with high diff coins).

I think the idea of multicoin mining is the maximise our expected payout. By joining a pool we also lower our variance comparatively to just multicoin mining by ourselves.
Dont think its just about more consistent payouts, but more consistent higher payouts which is what happens when you mine the highest profitability coin (be it doge lotto annon franko) regardless of difficulty (in the long run, or short run the variance evens out).

People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.

Yes I can see why it would scare people off because of the potential variance, but possibly make it scalable to compensate for the fear of increased variance - say that dogecoin because it is harder to find a block has to be 1.2x more profitable than the second most profitable coin, because then you are increasing your Emh/day by A LOT so long term it will attract more people to the pool.

Basically as phzi mentions, we only then mine the really profitable doge blocks not the ones 500k and below (since its known during mining) and we drop it when it decreases. Yes it will make some 15min mining blocks 0.00 payout, but you will have some bumper ones, and our Emh/day is WAY higher, maximising pool profitability, which in turn maximises attraction for others, and maximises the pool owners fees too, win win.
Making it say 1.2x higher than the others profitability sort of is middleground (you can make it 1.3x or 1.4x if you want to be more risk averse).

[Sovietaced]

Are you guys setup to predict the value of the next block for the various variable reward coins, yet?  (e.g. dogecoin, lottocoin)

Waiting for that before I give HashBros a try again, because calculating profitability based on average dogecoin reward make absolutely no sense at all.

We don't but we will in the future when it matters. Right now we don't mine doge or lotto because of diff. The estimated time to block time has to be less than 5 mins for us to even look at it.

I don't understand this logic.  Are you just trying to decrease variability?  The most profitable thing to mine is the most profitable thing to mine.  high diff increase your variance, but not your profits over time.

This is my point of view too, I go with overall profitability over variance avoidance. Yes we could be unlucky and not hit a doge or lotto block in which case the mh/day would be lower, but our expected mh/day would be higher, regardless of the variance. Hell it could go the other way and we could be lucky straight out the bat.
But i think what matters it the Emh/day (expected megahash per day) regardless of the variance involved (even with high diff coins).

I think the idea of multicoin mining is the maximise our expected payout. By joining a pool we also lower our variance comparatively to just multicoin mining by ourselves.
Dont think its just about more consistent payouts, but more consistent higher payouts which is what happens when you mine the highest profitability coin (be it doge lotto annon franko) regardless of difficulty (in the long run, or short run the variance evens out).

People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.

Yes I can see why it would scare people off because of the potential variance, but possibly make it scalable to compensate for the fear of increased variance - say that dogecoin because it is harder to find a block has to be 1.2x more profitable than the second most profitable coin, because then you are increasing your Emh/day by A LOT so long term it will attract more people to the pool.

Basically as phzi mentions, we only then mine the really profitable doge blocks not the ones 500k and below (since its known during mining) and we drop it when it decreases. Yes it will make some 15min mining blocks 0.00 payout, but you will have some bumper ones, and our Emh/day is WAY higher, maximising pool profitability, which in turn maximises attraction for others, and maximises the pool owners fees too, win win.
Making it say 1.2x higher than the others profitability sort of is middleground (you can make it 1.3x or 1.4x if you want to be more risk averse).

Thats something to think about. I'm going to have to look into calculating the block variable block reward sizes, you have any other resources or should I just look at the blockchain as a reference?

[chilin_dude]

I don't know loads about it, just what I've read on this forum and over at reddit etc, there's a bit of stuff here:
http://www.reddit.com/r/wafflepool/comments/1wc5si/realtime_profitability_and_hash_rates/cf21qwf?context=3
&
https://bitcointalk.org/index.php?topic=433634.msg4880646#msg4880646
&
https://bitcointalk.org/index.php?topic=433634.msg4792853#msg4792853

[Sovietaced]

I don't know loads about it, just what I've read on this forum and over at reddit etc, there's a bit of stuff here:
http://www.reddit.com/r/wafflepool/comments/1wc5si/realtime_profitability_and_hash_rates/cf21qwf?context=3
&
https://bitcointalk.org/index.php?topic=433634.msg4880646#msg4880646
&
https://bitcointalk.org/index.php?topic=433634.msg4880646#msg4880646

Great, thanks. If waffle pool can do it im not too worried

Also looks like his profitability rankings are a tad delayed :/

[chilin_dude]

I edited my post as the last link was a duplicate and was meant to be to a different quote, good luck, you're more intelligent than me to implement all of this stuff, I just try to read and understand it

[phzi]

I don't know loads about it, just what I've read on this forum and over at reddit etc, there's a bit of stuff here:
http://www.reddit.com/r/wafflepool/comments/1wc5si/realtime_profitability_and_hash_rates/cf21qwf?context=3
&
https://bitcointalk.org/index.php?topic=433634.msg4880646#msg4880646
&
https://bitcointalk.org/index.php?topic=433634.msg4880646#msg4880646

Great, thanks. If waffle pool can do it im not too worried

Also looks like his profitability rankings are a tad delayed :/

easiest thing to do is look at source code. getblockreward in the main file of each coin.  PM if you need snippets or calculating code.

[Sovietaced]

Apologies for the non updating stats for 3 hours. Shit broke while I was sleeping. In a nutshell our scheduled tasks run every minute. Sometimes the tasks take longer than a minute so we want to make sure this action is atomic. We use a lock file to ensure that tasks aren't run more than once at a time. For some reason the lockfile wasn't properly removed from a scheduled task and the new tasks wouldn't run. So i'll have to add some logic to delete lockfiles that are x minutes old in the event that they are stale.

[semik]

People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.

Solution: only mine the extremely profitable doge blocks... say, those that will be over 800,000,000 reward.  Sure it might take you a few days to hit one, but the pool will absolutely profit in the end.  And switch off doge as soon as a block is found and the next block's reward is lower.

And what if that block get orphaned? I was mining DOGE at https://dog.cryptoworld.eu/statsAuth we were counting on block for 106 Hours 10 Minutes and it get orphaned. Another took 49 Hours 3 Minutes oh shit.. Pool had about 200Mh/s in that time. The most of power of that pool is back to LTC now.

For me HashBros logic to mine easy coins until pool gets bigger works perfectly. I've earned here 0.170BTC just from 31.1. with around 2Mhs power. A miracle! compared to my previous experiences. Thanks

But please fix that lagging web interface.

[Sovietaced]

People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.

Solution: only mine the extremely profitable doge blocks... say, those that will be over 800,000,000 reward.  Sure it might take you a few days to hit one, but the pool will absolutely profit in the end.  And switch off doge as soon as a block is found and the next block's reward is lower.

And what if that block get orphaned? I was mining DOGE at https://dog.cryptoworld.eu/statsAuth we were counting on block for 106 Hours 10 Minutes and it get orphaned. Another took 49 Hours 3 Minutes oh shit.. Pool had about 200Mh/s in that time. The most of power of that pool is back to LTC now.

For me HashBros logic to mine easy coins until pool gets bigger works perfectly. I've earned here 0.170BTC just from 31.1. with around 2Mhs power. A miracle! compared to my previous experiences. Thanks

But please fix that lagging web interface.

Refer to my previous post, it was a pretty trivial fix and it will be fixed in the future for sure. Glad you're enjoying the pool!

[chilin_dude]

People get pretty upset when there are rounds that are hours long without pay. It literally scares people away from the pool as I've had people complain. When we have a high enough hash rate to tackle doge blocks in under a couple hours I'll do it but now is just unreasonable.

Solution: only mine the extremely profitable doge blocks... say, those that will be over 800,000,000 reward.  Sure it might take you a few days to hit one, but the pool will absolutely profit in the end.  And switch off doge as soon as a block is found and the next block's reward is lower.

And what if that block get orphaned? I was mining DOGE at https://dog.cryptoworld.eu/statsAuth we were counting on block for 106 Hours 10 Minutes and it get orphaned. Another took 49 Hours 3 Minutes oh shit.. Pool had about 200Mh/s in that time. The most of power of that pool is back to LTC now.

For me HashBros logic to mine easy coins until pool gets bigger works perfectly. I've earned here 0.170BTC just from 31.1. with around 2Mhs power. A miracle! compared to my previous experiences. Thanks

But please fix that lagging web interface.

You don't understand how profit switching pools work, we wouldn't be mining for 106hours as the block reward wouldn't last that long or there would be a more proiftable coin coming along we would switch to.
At the end of the day it is all about expected mh/day and maximising this

[damiano]

This is a very nice looking site.  I am impressed

I will be switching a miner over in a few to test it out 

[Sovietaced]

This is a very nice looking site.  I am impressed

I will be switching a miner over in a few to test it out 

Woohoo.

On another note, back to .01 BTC/MH

[stef942]

Hi, my Redeemable Balance has not moved since at least this morning  something wrong