[POOL][Scrypt][Scrypt-N][X11] Profit switching pool - wafflepool.com

[Sinyk7]

My hardware costs for my 3.6 Mh's were $1600 CAD including everything, but most of it was bought back in November. I could cover my initial costs by selling 4 of my 7 gpu's since their value doubled since I bought them, but my plan is in the event scrypt mining becomes unprofitable, I will keep a few GPUs for have a wicked gaming system (currently only using an old GTX 470).

I have actually paid off about 70% of the rigs from selling some BTC, and the value of my remaining BTC more than covers the last 30% and then some, but I keep it to trade with.

[1714706765]

1714706765

[1714706765]

1714706765

[bolus7]

I dont know about you guys, but when this isnt profitable anymore Im going to build some crazy quad GPU 6 monitor eyefinity gamine machine with my miner hardware. 

[poolwaffle]

Been watching the new switcher for a few hours here, and it looks like its performing slightly better overall (could be luck, or prices), but it doesn't look to be performing significantly worse (the worst option).  So it will be running overnight, and we'll have a lot better stats in the morning.

[dogechode]

I think even if a scrypt-asic comes out there will be new coins that will be made resistant to it. So I don't see mining going away for that reason alone.

[phzi]

I think even if a scrypt-asic comes out there will be new coins that will be made resistant to it. So I don't see mining going away for that reason alone.

If altcoins remain viable and anybody is buying them maybe.  The altcoin market might just die off one of these days - it's not like they really have any use so far.

[Dawg75]

MH (Avg)= 26.819MH (-5.93%)
Hours= 138.87
BTC/MH (Avg of 11 miners)= 0.01050958
BTC/MH (Max of 11 miners)= 0.01355961
BTC/MH (Min of 11 miners)= 0.00990492
Today's Trend= -0.92%

Today's update shows another downward move for my miners but only 0.92%.  The worrying part though is that while yesterday the accepted MH matched very closely with my client side today I'm seeing a 5.93% drop.  I don't see anything on the miner's themselves to account for that.  Rejects are still very low.

[WaffleMaster]

MH (Avg)= 26.819MH (-5.93%)
Hours= 138.87
BTC/MH (Avg of 11 miners)= 0.01050958
BTC/MH (Max of 11 miners)= 0.01355961
BTC/MH (Min of 11 miners)= 0.00990492
Today's Trend= -0.92%

Today's update shows another downward move for my miners but only 0.92%.  The worrying part though is that while yesterday the accepted MH matched very closely with my client side today I'm seeing a 5.93% drop.  I don't see anything on the miner's themselves to account for that.  Rejects are still very low.

EXACTLY what's happening to me. My average has dropped and for no apparent reason. It does NOT match client side very well now.

[momoomo]

whenever scrypt mining not profitable already, there will be surely new coins with ASIC resistance like Vertcoin will be ruling the market as well so GPU mining will still profitable in a sense

[lagster]

PW, i just noticed that my workers sometimes are mining on different coins even they are connected to the same eu host. This is awesome. And with your smooth switching from coin to coin, it is twice as awesome. GJ

[WireIT]

I dont know about you guys, but when this isnt profitable anymore Im going to build some crazy quad GPU 6 monitor eyefinity gamine machine with my miner hardware. 

+1

[dogechode]

I dont know about you guys, but when this isnt profitable anymore Im going to build some crazy quad GPU 6 monitor eyefinity gamine machine with my miner hardware. 

+1

I purposefully bought new hardware (290s and such) so I can either resell or... reuse lol. All those people with like 5800 series cards and shit are going to be scratching their heads..

[mr_fakename]

+1 for this server in the asia pacific region, hopefully the data centre you've chosen in asia is a lower ping for me here in Australia, uswest and to a lesser extent useast aren't so bad but eu is definitely not Australia friendly at 350ms+ (although some pools and internet sites dream of being as low as 350 haha).

The server is actually physically up, just not active for mining.  You can test with a ping to see if its better (please anyone that tests that would normally use an asia server post results):

Saying it again, because some people don't read things unless its in bold and allcaps.
THIS IS NOT UP FOR MINING, ONLY TESTING FOR PING PURPOSES
ping sea.wafflepool.com

ouch 380ms, guess Australia's international connections to America are far superior than to Asia (which I already suspected).

[dogechode]

just an fyi, my hashrate that is showing is waaaaaay off. I'm really at about 1.75 mh/s rock steady on the rig I have pointing to this but sometimes it says 600kh/sec and sometimes 3500kh/sec lol...

[mr_fakename]

just an fyi, my hashrate that is showing is waaaaaay off. I'm really at about 1.75 mh/s rock steady on the rig I have pointing to this but sometimes it says 600kh/sec and sometimes 3500kh/sec lol...

Read the thread this is normal, it has been explained 100 times in the last 25 pages.

[csf3lih]

C:\Windows\System32>ping sea.wafflepool.com

正在 Ping sea.wafflepool.com [128.199.238.183] 具有 32 字节的数据:
来自 128.199.238.183 的回复: 字节=32 时间=168ms TTL=53
来自 128.199.238.183 的回复: 字节=32 时间=165ms TTL=53
来自 128.199.238.183 的回复: 字节=32 时间=168ms TTL=53
来自 128.199.238.183 的回复: 字节=32 时间=154ms TTL=53

128.199.238.183 的 Ping 统计信息:
    数据包: 已发送 = 4，已接收 = 4，丢失 = 0 (0% 丢失)

ping with asia server is pretty good.

[phzi]

just an fyi, my hashrate that is showing is waaaaaay off. I'm really at about 1.75 mh/s rock steady on the rig I have pointing to this but sometimes it says 600kh/sec and sometimes 3500kh/sec lol...

This is normal - as started on the site, hashrate is a short term average based on shares, so your hashrate will fluctuate up and down, but on average will be equal to your real hashrate.

[poolwaffle]

MH (Avg)= 26.819MH (-5.93%)
Hours= 138.87
BTC/MH (Avg of 11 miners)= 0.01050958
BTC/MH (Max of 11 miners)= 0.01355961
BTC/MH (Min of 11 miners)= 0.00990492
Today's Trend= -0.92%

Today's update shows another downward move for my miners but only 0.92%.  The worrying part though is that while yesterday the accepted MH matched very closely with my client side today I'm seeing a 5.93% drop.  I don't see anything on the miner's themselves to account for that.  Rejects are still very low.

My only guess here is the number of restarts I was doing to the servers during the day (was a day of nonstop changes).  I wouldn't think it would have been 6%, but nothing changed that would deal with share acceptance/rejects, and if you're seeing 6% drop in shares (without an associated +6% in rejects) it might have been something to do with that (are they a bit slow to reconnect?)

[Axco]

Hi all,

Is anyone else getting error502 bad gateway when trying to connect to the better stats page ?

[mr_fakename]

Hi all,

Is anyone else getting error502 bad gateway when trying to connect to the better stats page ?

Yeah looks like the influx of users has overloaded Wil's servers again, poor dude I doubt his donations are even covering daily costs!

[cuesta]

I have a conceptual question, following on from the observation that the profitability of any pool seems to be inversely proportional to its size..

First just want to say I have a huge amount of respect for PoolWaffle, I have no idea how to set up a pool, sort out the coin switching, keep track of the payments, ramp up the pool hash rate steadily and evenly to be I think the biggest switching pool on the planet now, keep on top of the support and be nice about it. Chapeau, as they say in cycling..

My question ...is there a "right size" for a coin switching pool ?

If you are small, you can hit very small profitable coins, run the risk of forks, orphans. A skilled operator has the potential to be extremely profitable. If you are very large then you can't hit the small coins instead go for a steady income on the larger ones. If you are too big then even if you try to hit the small coins as well, and you succeed, you won't actually make much difference to the overall profit per mh since the fraction you can devote to these is negligible in terms of the mh of the pool as a whole.

It seems pool size is a bit like an investment strategy. High risk of high return versus low risk of low return, and this is implicit in the pool total mh. To mitigate this perhaps PoolWaffle could make the risk selectable in terms of the mh submitted by a user, say a score of 1 to 10. This would make everybodys payment different, but would allow the risk profile of the pool to be set by the users. The whales need to be conservative because they consume enough electricity to power a small town, whereas the smaller hobby miners might like a flutter, some may not. Profitability versus mh risk score would be very interesting, and again mirror what goes on in the investment world.

There would be a limit on how much high risk mh there could be, but if we assume that people like sfire need to be conservative, it might actually work out..

(disclaimer - I'm not in the financial business !!!)