Gunna try to reply to as many as I can here (if some seem like the same question, I'll only answer them once).
So what happens when a shift does not find a block? Is all that work not paid as there is nothing to pay it with? See the personalized stats example below.
It doesn't matter if a shift doesn't find a block, all that matters is when a block _is_ found, we pay it out over the last 10 shifts worth of shares. If a block isn't found, obviously there isn't anything to pay out... PPLNS is just a way of distributing the block value, over a reasonable number of shares.
Hope all is well with you. Just a quick question. looking at the faq section of the site it doesnt state that blackcoin is supported. I have had blackcoin in my account for a few days as unconfirmed please see snippet from account below.
We enabled it for about 12 hours a few days ago, and after block 10k, it is no longer POW mineable, so we have since disabled it. It had to be manually traded off (almost no exchanges supported it), and between the time that we mined it, and that I manually sent it to an exchange, it mined a single POS block, and since I didn't want to have to sit and wait another few hours before trading it (and potentially find another block and have to wait), I just sent the amount that I had (180k / 190k) and ran the manual trade system, and then I disabled it, and completely forgot we had that one block that probably matured in the mean time. I'll enable it, trade it off, and everything should be back to normal, sorry for the confusion there, just completely forgot about it.
I have made a terrible mistake by setting the username as incomplete bitcoin address. I have been mining 8 hours with wrong address. The wrong address had 2 letters missing from the end. Now I have fixed this error but what happens to the bitcoins I have already mined?
Wafflepool is not responding to my email, so maybe they can anwer here
He said he would be out of town until Thursday, so I'm guessing replies will be a touch delayed. Does the stats page pull data for the incorrect address you used?
no stats, only says "Invalid BTC Address!", but when i was mining everything worked good so the coins must be somewhere out there.
Per the front page:
"Username: Your Bitcoin Address [invalid mining addresses are considered a donation to the pool]"
The pool thanks you for your donation I'm sure
First, sorry about the lack of response on email, like diwskwmx mentioned, I'm out of town and just getting quick things done here and there. As for the address, Slow1 is correct. Any bad addresses (we get them constantly) are considered a donation to the pool, essentially the shares get processed for block submits, and nothing else. This isn't a donation to me, or to the operation of the pool, this is a donation to everyone within the pool essentially.
And you will see how real profit is low..
Assuming I am calculating correctly, here is mine:
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I should add this data to the personal stats page, added to my list for when I get back in town. As for profit being low, its a matter of having a significant amount of Auroracoin that hasn't matured (mentioned before in the thread - takes 16hrs from mining to exchanged), which shows as "low profits" in two ways. The first is that we're at a 16hr risk of price fluctuation (reasonably large), and the second is that at 16hrs, a large amount of the coins mined yesterday, had not been converted, and so couldn't be paid out. So while we "earned" a normal amount, a large portion of it wasn't paid (wasn't converted), and will be paid out today (once it has matured and is converted). Just a matter of a 16-17hr added gap between "earned" and "paid".
Wow! Dont know whats going on today, but I looked 1 hour ago and the Unsent were 0.0065, 10 min later 0.0061, 20 min later 0.0055 and now 0.0053...at this pace I will have to end up paying!
Anyway, lets see how it goes next hours...
Judging by the time of your post, its most likely just a matter of mining a high difficulty coin (litecoin, dogecoin, etc) and getting unlucky for a period of time (1-2hr low luck spurts are completely expected). In a short period of stats for the day (4ish hours), if we don't earn anything for an hour, our profit would show 25% lower than it should, and during that time, you'd see profits steadily decreasing. For example, if we earned 10btc in 3 hours (3.33btc/hr), and then didn't earn anything for an hour (10btc in 4 hours), you'd see profit drop to 2.5btc/hr, which looks like we're doing significantly worse, but its just a matter of luck on a short time frame.
Hi All
Is there any reason why payouts are so low for the last few days? Hashrate is same for me, rejects are very low (sub 1%) but payouts went down from 0.5 - 0.7 to 0.4 - 0.5 and for the last two days I had 0.029 and 0.015
Mining on eu.waffle with diff 512
Not sure if it's temporary or I should be looking for a different pool.
Mostly an issue with the market in general. There are a few factors here. The first is that we're measuring profitability here in terms of BTC, and BTC has risen pretty significantly over the past 2 days. That means that while you might be earning less BTC/day, you're earning (very close to) the same in terms of USD/day. Almost all prices of altcoins are tied very closely to the price of BTC (and in another way tied to the price/difficulty of LTC, which is in itself, tied to the price of BTC). This is market factors, and outside of the coins supported and some minor variations in switching algorithms, every pool is affected by this in the exact same way. Theres also the factor of difficulty increasing as a whole. Its like saying "a week ago I was earning X mining bitcoins, and today I'm earning less", and thats just the way that increasing hashrates work: more hash power = less earnings per MHs.
All of these questions bring up something I'd like your guys input on. This stuff is not simple, and there is a LOT going on under the hood that is hidden from the majority of users. I've mentioned it a few times, and explained various pieces of it, but the same questions keep getting asked in both this thread, and in email, and while its not terribly complicated, its more than some people want to read and understand. If you guys have some suggestions for how to make this more understandable, please let me know.
Essentially, there are a few different things people get confused about.
1) Why profitability seems to drop (the last question here). This could be solved in the manner that Clevermining has done, by tying it to a % profitability of LTC. So that when the market as a whole changes, we're still X% of LTC. It could also be pegged to USD, which takes out the factor of BTC market fluctuations.
2) Why the amount earned changes, which is completely dependent on maturation time of blocks, and price fluctuations within that time (auroracoin's 16hr maturation time is a great example). Any price changes during that 16hrs make us look like we earned more or less during that time period, and as a secondary step of confusion, the amount we "earned" is not the amount we paid for that day (confusing). One option here is to avoid coins with long maturation periods, and I think this needs to be done a bit (having 90btc earned in auroracoin was probably too much), but when they're more profitable (and the market looks good), I'll have people yelling if we're not mining them.
The other option is to rework our accounting to list approx prices based on when they were mined, rather than prices at the current time. So if we earned 10 aurora coin when they were worth 1btc each, and the price went up or down, we would continue to show those as worth 1btc each. This is closer to what people like hashcows do, as they provide stats at the time it was mined, rather than at the time you exchange them for btc. But it brings up a major problem that during drops in prices, our stats may show that we earned a lot, and paid significantly less, and yet again, more people yelling.
Essentially no matter what, there are going to be confused people (and I know a lot of you here have been helping answer questions - phzi and others) and the more I can do to make this more transparent and straightforward, the less time I'm here answering questions, and the more time I can be working to make the pool better
I'd love to hear suggestions.
