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

[gtraah]

So guys, when is this going to be as profitable as mining litecoin directly? its very close isn't it? When that happens is it even worth mining at multipools?

Answer is no. While many coins are popping up that may seem profitable, it's only for a short period until people sell them all off and drive the value down.

NO I mean Litecoin? Not other coins..

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[grendel25]

Anyone having this problem?


It always happen 5-10 seconds. what is the solution for this?  
Im using wafflepool.

Happend to me also a few times, i would like to know too why if anyone can help? Using wafflepool only.

maybe an issue with WIFI.

[comeonalready]

I truly wish everyone luck with mining. Rates on coins and profitability are coming down like world trade. The investment into hardware is no longer justified based on the returns, especially with summer around the corner which requires MUCH more electricity for cooling. Seems those who pay the least for their electric will benefit. Especially when you consider the influx of miners that are taking advantage of lower prices on hardware (recently they have been discounted), the more people mine the quicker coins go down the tubes. I now realize that I could have made WAY more in arbitrage vs. putting money into mining directly.
Sorry to discourage anyone. Good luck.

It's always 'not summer' somewhere.  I phrase it this way because winter only really exists somewhere between six to nine months of the year in the northern and southern hemispheres.  Near the equator, I suppose they might just consider themselves as having two summers, I really don't know.  If anything, the economics of cryptocoin mining discriminates against those who live close to the equator.  But those living on the pole side of the tropics might be in the best situation to mine year round if they have reasonably priced electricity available to them.

There is very good reason that many would call Iceland the perfect place to mine.  Inexpensive hydro and geothermal power, with free arctic air to cool equipment!

[richmke]

There is very good reason that many would call Iceland the perfect place to mine.  Inexpensive hydro and geothermal power, with free arctic air to cool equipment!

It is great until your rig gets buried under a ton of volcanic ash, or melted by lava.

[comeonalready]

There is very good reason that many would call Iceland the perfect place to mine.  Inexpensive hydro and geothermal power, with free arctic air to cool equipment!

It is great until your rig gets buried under a ton of volcanic ash, or melted by lava.

Yes, but then you'll be dead too or able to collect the insurance.  You did buy an insurance policy to cover your business investment, no?

Plus...  Have you ever seen Icelandic women?  I'll suffer though a little volcanic fallout for that.

[grendel25]

I truly wish everyone luck with mining. Rates on coins and profitability are coming down like world trade. The investment into hardware is no longer justified based on the returns, especially with summer around the corner which requires MUCH more electricity for cooling. Seems those who pay the least for their electric will benefit. Especially when you consider the influx of miners that are taking advantage of lower prices on hardware (recently they have been discounted), the more people mine the quicker coins go down the tubes. I now realize that I could have made WAY more in arbitrage vs. putting money into mining directly.
Sorry to discourage anyone. Good luck.

It's always 'not summer' somewhere.  I phrase it this way because winter only really exists somewhere between six to nine months of the year in the northern and southern hemispheres.  Near the equator, I suppose they might just consider themselves as having two summers, I really don't know.  If anything, the economics of cryptocoin mining discriminates against those who live close to the equator.  But those living on the pole side of the tropics might be in the best situation to mine year round if they have reasonably priced electricity available to them.

There is very good reason that many would call Iceland the perfect place to mine.  Inexpensive hydro and geothermal power, with free arctic air to cool equipment!

I heard there's plenty of fine young women there too.  ratio outnumbers men = good thing.  I want to go soooo bad  (don't tell my wife!)  lololol

[comeonalready]

I truly wish everyone luck with mining. Rates on coins and profitability are coming down like world trade. The investment into hardware is no longer justified based on the returns, especially with summer around the corner which requires MUCH more electricity for cooling. Seems those who pay the least for their electric will benefit. Especially when you consider the influx of miners that are taking advantage of lower prices on hardware (recently they have been discounted), the more people mine the quicker coins go down the tubes. I now realize that I could have made WAY more in arbitrage vs. putting money into mining directly.
Sorry to discourage anyone. Good luck.

It's always 'not summer' somewhere.  I phrase it this way because winter only really exists somewhere between six to nine months of the year in the northern and southern hemispheres.  Near the equator, I suppose they might just consider themselves as having two summers, I really don't know.  If anything, the economics of cryptocoin mining discriminates against those who live close to the equator.  But those living on the pole side of the tropics might be in the best situation to mine year round if they have reasonably priced electricity available to them.

There is very good reason that many would call Iceland the perfect place to mine.  Inexpensive hydro and geothermal power, with free arctic air to cool equipment!

I heard there's plenty of fine young women there too.  ratio outnumbers men = good thing.  I want to go soooo bad  (don't tell my wife!)  lololol

Aaagh!  You beat me editing my post!

[kupan787]

So PW, it's been 48 hours over at ghash.io, have you ben able to withdrawal the LTC earnings from when we were proxied yet? Any word on how well we did?

[comeonalready]

The only real problem with Iceland, besides the risk of death by volcano, is the language.  You cannot even use a GPS there because they lock up as soon as they try to pronounce the name of the street you have to turn on.  

Turn left on Vatnsveitevegur, turn right on Vesturlandsvegur, now arriving at Vioastaoaskoli. (all real names from Reykjavik area with accents missing)

[LostSavage]

Anyone having this problem?

-image removed-

It always happen 5-10 seconds. what is the solution for this?  
Im using wafflepool.

Happend to me also a few times, i would like to know too why if anyone can help? Using wafflepool only.

maybe an issue with WIFI.

Stratum from pool 0 requested work restart

This is not an issue. I believe you get this when new transactions (sending/receiving coins) are added to the potential block so we need to restart hashing from the beginning using the additional transactions.

Stratum connection to pool 0 interrupted

This could be a WIFI issue (don't use it unless you must), ISP issue or PoolWaffle working on the servers.  Make sure you have a backup pool set.   Don't worry about it unless it happens a lot.

[MrNight]

PW, what's about SpainCoin? new coin on coinwarz, 180% Profitability over LTC, Netw. Diff 800+

[igoork]

So PW, it's been 48 hours over at ghash.io, have you ben able to withdrawal the LTC earnings from when we were proxied yet? Any word on how well we did?

Yeah, i'm interested too, what is going on with that?

[comeonalready]

So PW, it's been 48 hours over at ghash.io, have you ben able to withdrawal the LTC earnings from when we were proxied yet? Any word on how well we did?

Yeah, i'm interested too, what is going on with that?

The weekend is just ending!  Give the poor guy some rest.  He is not our slave.  You can wait a little longer to get your $5...

[igoork]

^^

Just asking for info, not urging or anything else, what's going on with you?

[comeonalready]

^^

Just asking for info, not urging or anything else, what's going on with you?

Three people have already asked this question, and poolwaffle has proven himself to be very responsive.  He is not ignoring the question.  If we all keep hammering him with the same question over and over, he might just turn into the nightmare admin from middlecoin.  I know I probably would having to deal with this crap every day.

[poolwaffle]

So PW, it's been 48 hours over at ghash.io, have you ben able to withdrawal the LTC earnings from when we were proxied yet? Any word on how well we did?

Yeah, i'm interested too, what is going on with that?

Absolutely haven't forgotten about it. Unfortunately my internet was out for most of the weekend (Friday night until Sunday night), so a lot of that time if I wanted to get anything done, it was tethered through my phone, or taking my laptop to a bar.  So I've mostly been working on stuff I had locally (new stratum build, also my actual job =P).

We actually proxied _very_ little during that first couple hours before they changed the rewards.  In an effort to get it up and running quickly, I unfortunately don't have a concrete amount of time or % for those times that we were actually proxying.  It was on average around 5% of the pool, a few bursts of 25%, again, no hard stats, just the amount I would setup to go, and it was getting changed every 10 minutes throughout those couple of hours.

As the LTC came in, I just converted it to BTC (2 batches).  Total of 60.6934365 LTC, after exchanging, 1.59282696 BTC.

I don't have a great way to move that into payouts quite yet (requires a special script).  What I'm planning on doing however, is taking all the shares submitted during the time we were proxying (I'll look up when I announced it, and when I stopped), and divide the BTC evenly between everyone based on shares (PROP rather than PPLNS).  Its not a huge amount of BTC, and its a hack no matter how we do it, my thought is this is "good enough" (gets us 99.99% of the benefit) with like 2% of the work.

I'll make a post when it gets included in the balances, probably either late today, maybe tomorrow/wed (depending on how the rest of catching up from not having internet goes).

[comeonalready]

Absolutely haven't forgotten about it. Unfortunately my internet was out for most of the weekend (Friday night until Sunday night), so a lot of that time if I wanted to get anything done, it was tethered through my phone, or taking my laptop to a bar.  So I've mostly been working on stuff I had locally (new stratum build, also my actual job =P).

Well at least you got to a bar for a while!

[poolwaffle]

can we finaly have a value of straight ltc mining, since we all are scrypt miners, at the stats page please? with current difficulty and 0% fees (yes, the spherical horse in space).
it would be wp style to be this open. and since we trust you, pw, we can skip on using calculators all the time. like right now it is 0.00577 with ltc/btc of 0.02707 (pretty high).
can someone ask him about this, i think i am on his ignore list, but this little number will make life even easier for us.

Not on my ignore list, just a ton of posts to sort through, and didn't have internet

I do want to get that on the site somewhere, just needs to be done well, and its not easy based on the way we handle pricing (we need to handle it two different ways).  Essentially, all pricing data within WP was setup for its original purpose, which is telling "Whats the price we can sell the next block of X coin for".  That includes a bunch of logic based on our depth analyzer (things like depth, how much we have unexchanged/pending exchange, how much the next block is worth, and what % of the network hashrate we have).  That is currently the only price we store in the system for each coin, and I'm sure that no matter how much I make that clear when posting it, people are going to freak out at how I'm listing LTC's price at 0.xxx and they see it on [pick an exchange] for 0.yyy.  We also have the problem of explaining to people what "theoretical" means in terms of the number being a number you really wont hit (orphans, exchange price, etc).

Long story short, its on the list, just a matter of being a long list

[poolwaffle]

I've also had some people email/PM me about "recent payouts" not listing properly, and it looks like some caching broke on the server in terms of mapping addresses to internal user IDs.  Payouts are going out (and have been going out) 100% fine during the time, so theres nothing to worry about like "OMG YOU NO PAY ME", its just an internal issue for listing the actual payouts.  Essentially we have a ton of rows in the payout_log table that have user id's of 0.

Again, payouts are working fine, and the issue has been fixed going forward, but there are a number of accounts that will not show their actual payouts between the 5th and the 10th (I think those are the dates).  Depending on how big of an issue it is (it isn't a problem for me or the database), I can write something that pulls the transactions from bitcoind, parses the addresses and amounts, and re-loads them into the database.

[dexu]

What about mine DOGE, still will be profitable for multipool after the changes ?