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

[qsrab]

block rewards are wrong for many coins. thats the problem

[1714079339]

1714079339

[1714079339]

1714079339

[1714079339]

1714079339

[michielnl]

OK, I will give this a try!

Request: Can you please consider to also support / create something like this?

A pool which will mine brand new coins (which have just launched and are not exchanged yet)
https://bitcointalk.org/index.php?topic=434798

[michielnl]

All,

Hashrate: 368.43 MH/s   

Can you all please try this one day to see what profits are possible? Thanks!

[poolwaffle]

block rewards are wrong for many coins. thats the problem

Which of them is the block reward wrong?  They're all pulled directly from the coin daemon, so there shouldn't be any chance of them being wrong (aside from being a few seconds delayed on the web)

[qsrab]

plenty of your coins have random rewards. instead of pulling from the daemon calculate the average. others seem to include transaction fees.

A few of the many examples:
dogecoin    868,629.14535717
lottocoin    9,444.00000000
tagcoin    29.70000000

(doge was in the 100,000s block reward and 2nd to last profitability earlier - now it is first)

[febiz]

plenty of your coins have random rewards. instead of pulling from the daemon calculate the average. others seem to include transaction fees.

A few of the many examples:
dogecoin    868,629.14535717
lottocoin    9,444.00000000
tagcoin    29.70000000

(doge was in the 100,000s block reward and 2nd to last profitability earlier - now it is first)

that's due to the variable block rewards. nothing wrong there i guess

[poolwaffle]

Many of the coins have variable block rewards.  Easiest example is Dogecoin (which everyone loves of course).  Rewards for any block are between 0 and 1,000,000 coins.  Sites like coinwarz/etc (and I'm sure a lot of profit-switching pools) use the average of 500,000 as the reward (because on average, any block you mine would give 500,000 coins).  That said, the block reward is known when mining a specific block.  We use extremely fine-grained profit calculations that look at the individual block rewards.

For example, this doge block: http://dogechain.info/block/049c0f1c7d951514dd21b43e68995909e26044cf2ffa7f9cc349d768168e7dc8 was worth 965k doge.  But just 2 blocks later (no change in difficulty), this block: http://dogechain.info/block/ef8f1091e6806df9caa0ee542c4ef97ebc602c560832a179b880535654855726 was work 337k doge.  Roughly a 3x profitability difference (assuming price stayed reasonably stable over a few minutes) just by choosing which of those blocks to mine.

Obviously we can't guarantee we're going to find a block when we start mining, but variable block rewards are a _huge_ factor in profitability calculations.

[Zoella]

Mining for about 12 hours with 1.7MH.  BTC Balance + Total Approx BTC Value = .0042.  That give me an average of .0084 per day, at .0049 per day/MH.

Is that normal? Based on stats page, this is way too low. Are there some balances I am missing?

EDIT:
Just adding my stats

(5s):1.763M (avg):1.783Mh/s | A:1279440  R:15536  HW:0  WU:1649.2/m

Rejects are only 1.2% and WU is 92.5%

[michielnl]

Here my stats:
Hashrate: 2.8 MH/s
UPDATE: 10 hrs 0.00259 BTC
UPDATE: 13 hrs 0.013 BTC

[poolwaffle]

We've been having a slightly unlucky streak for the past 24hrs.  The only doge block we found (which we spend a ton of time mining) was a low reward block unfortunately, and we're a bit unlucky overall (should find a block roughly every 12 hours - has been about 18 at this point).  With a smaller pool, that is trying to mine larger coins (doge) at times, we'll definitely be going through sections like this, where one day we'll have incredibly good results, and another we'll have reasonably bad results, its just the way luck goes.

I've modified the stats page to show our actual earnings per MH/s over the last 2 weeks (essentially the lifetime of the pool).  You can see good and bad days in there, but overall we're typically in the 0.12 - 0.11 range over 24 hours.  And we'll always have people who join, mine for 12 hours right when we have an unlucky streak (unfortunately), and drop off.

Best I can say is to give it a reasonable amount of time.  Even if we were mining doge full time (which we're not, we're mining it slightly less than half the time), it would take us (on average) 3.6 hours to find a block.  12 hour swings without a block is completely normal, even 24 hour swings would happen pretty regularly until the pool gets larger.

[Gismo1337]

i am totaly stupid in mining. this multipool works with gpu on my gui miner, right?

[Zoella]

We've been having a slightly unlucky streak for the past 24hrs.  The only doge block we found (which we spend a ton of time mining) was a low reward block unfortunately, and we're a bit unlucky overall (should find a block roughly every 12 hours - has been about 18 at this point).  With a smaller pool, that is trying to mine larger coins (doge) at times, we'll definitely be going through sections like this, where one day we'll have incredibly good results, and another we'll have reasonably bad results, its just the way luck goes.

I've modified the stats page to show our actual earnings per MH/s over the last 2 weeks (essentially the lifetime of the pool).  You can see good and bad days in there, but overall we're typically in the 0.12 - 0.11 range over 24 hours.  And we'll always have people who join, mine for 12 hours right when we have an unlucky streak (unfortunately), and drop off.

Best I can say is to give it a reasonable amount of time.  Even if we were mining doge full time (which we're not, we're mining it slightly less than half the time), it would take us (on average) 3.6 hours to find a block.  12 hour swings without a block is completely normal, even 24 hour swings would happen pretty regularly until the pool gets larger.

Thanks for the update.  I'll give it at least a full 24 hours, maybe 48.  Also like the change to the payout stat.  Much more straight forward.  What time are the daily payouts?

[poolwaffle]

Thanks for the update.  I'll give it at least a full 24 hours, maybe 48.  Also like the change to the payout stat.  Much more straight forward.  What time are the daily payouts?

A large amount of our exchanging of coins goes through Cryptsy, which doesn't allow for automated withdrawls.  So right now they're happening daily, but not at a set time (whatever time I wake up), because I have to manually withdraw the btc, wait for confirmations, and then run payouts.  This should get fixed over time as the pool gets a bit bigger and we have enough slush to cover a couple days.

[Zoella]

Thanks for the update.  I'll give it at least a full 24 hours, maybe 48.  Also like the change to the payout stat.  Much more straight forward.  What time are the daily payouts?

A large amount of our exchanging of coins goes through Cryptsy, which doesn't allow for automated withdrawls.  So right now they're happening daily, but not at a set time (whatever time I wake up), because I have to manually withdraw the btc, wait for confirmations, and then run payouts.  This should get fixed over time as the pool gets a bit bigger and we have enough slush to cover a couple days.

No worries on that one. Middlecoin (who I'm sure everyone will compare you to) is pretty much the same. If you can manage to match the payouts, I'd definitely point more this way!

Regarding the per coin hashrate, it doesn't look like it is split up between whatever coins are being mined.  It appears that 100% of the hashrate is being allotted to a single coin every time I look.

Oh, and yeah!

 [2014-01-29 02:47:06] Found block for pool 0!
 [2014-01-29 02:47:06] Accepted 253e14d4 Diff 115M/512 BLOCK! GPU 2 pool 0

Not something I saw often at middlecoin!

[poolwaffle]

Right now we're testing some new profitability changes (more aggressive) which require us pointing 100% at a single pool.  Once testing is done, we'll either move it back into the original system (split mining), or we'll make it parallel

[Zamboniman]

Looks like we just found a big doge block. Nice.

[poolwaffle]

Looks like we just found a big doge block. Nice.

And then found another that decided to get orphaned... boo

[Zoella]

Well, .0134 per MH for the last 24 hours for me.  Last few hours seemed to be a good boost.  Will definitely give it another 24 hours to compare.

I do like the openness of the pool switching and the data provided regarding personal shares per coin.

So far I'm pretty impressed.  Thanks for the service!

[Zoella]

So for the last while, franko has been sitting up there with double the profitability of any other coin, peaking at over 20k.  I know your algorithm takes multiple factors into consideration, but what would be the reason for not splitting off a few MH to hit this one?

[poolwaffle]

As mentioned a few posts earlier, its just a matter of short-term testing.  We've got a more aggressive switcher running currently, but requires pointing all of our hashrate at a single coin while testing.  Assuming testing goes fine, it will be expanded to mine multiple at a time (same as our normal switcher), just for now we've disabled coins under 0.5 difficulty as we're pointing full hashrates at them.  Testing should be finished some time tomorrow.