[CLOSING DOWN] ScryptGuild Auto-Switching Pool

[DonDev]

Worst earnings ever the lowest even lower than clevermining. This pool is a waste of time after testing it for 6 hours i give up as the earnings were tooo damn low for my 90mhs miner. I make a lot more on nicehash and wafflepool I dont see why miners would point there machines to this low earnings pool.

[BRADLEYPLOOF]

Worst earnings ever the lowest even lower than clevermining. This pool is a waste of time after testing it for 6 hours i give up as the earnings were tooo damn low for my 90mhs miner. I make a lot more on nicehash and wafflepool I dont see why miners would point there machines to this low earnings pool.

You're a newbie with 90mh/s...i think that qualifies as slightly foolish...

[eleuthria]

Worst earnings ever the lowest even lower than clevermining. This pool is a waste of time after testing it for 6 hours i give up as the earnings were tooo damn low for my 90mhs miner. I make a lot more on nicehash and wafflepool I dont see why miners would point there machines to this low earnings pool.

Wow.  So you tested a PPLNS pool for a whole 6 hours and came to a conclusion on earnings?  Good riddance.  Don't bother logging back in after 5 hours and noticing your earnings have doubled since when you evaluated them.

[guytechie]

Worst earnings ever the lowest even lower than clevermining. This pool is a waste of time after testing it for 6 hours i give up as the earnings were tooo damn low for my 90mhs miner. I make a lot more on nicehash and wafflepool I dont see why miners would point there machines to this low earnings pool.

Do you get the concept of PPLNS?  6 hours is not long enough to evaluate it.

[ManeBjorn]

This is great news I will get some units point back to Scrypt Guild.
I had moved away in anticipation of the move but I am just happy to come back.
Thanks for the great work.
 

After a lot of consideration, the merger is likely not going to happen.  ScryptGuild is going to remain a separate entity from BTC Guild.

However, there are going to be some major revamps in how ScryptGuild operates over the next month, to make the process more user friendly, reduce the number of settings, and make it easier to track things like BTC per MH/s/day.  These changes will also be targetting making it easier to add/remove coins from the system.  Some more details will be posted over the weekend.

ScryptGuild is still going to be doing a server migration over the next month to get it connected to the BTC Guild colo for higher uptime and fewer networking issues which currently plague OVH.


The plan is removing the ability to pick a specific coin to mine, and having the pool stop tracking shares submitted to each coin.  Instead the pool will simply track shares submitted, and pool the rewards from all the blocks mined in a given shift and split it that way.  This will reduce the database overhead *significantly*, and also make it easier to add or remove coins to the system.  Users will be able to observe what coins were mined, the exchange rate that was paid for each coin, and then how that reward was split.

Users will be able to pick BTC or LTC for their converted amounts.

Part of this change will also be modifying the coin switching backend as it relates to lower difficulty coins, only moving a percentage of users to a low difficulty coin for example when it becomes the most profitable, something which is not possible to do right now since the system is specifically allocating a user's shares to a specific coin for reward splitting.

[guytechie]

Look at the hash rate grow.

[BrandonMcPherson]

The system you described seems like a solid evolution of the multipool concept, Eleuthria. I would have been happy with the Doge and LTC-only implementation, but this sounds like the best of all worlds.

And, FWIW, I'm happy accepting the variance on LTC considering the massively disproportionate value of LTC when we do hit.

[nipseyrussell]

I haven't received a payout in over a week!  Whats the deal?

[guytechie]

Looks like I have 2 stuck converts:

MEOW   1,658.93404834   Pending   Pending   Pending   2014-05-25 06:11:49
DOGE   413.43039477   Pending   Pending   Pending   2014-05-26 05:11:46

[Sir Alan]

I haven't received a payout in over a week!  Whats the deal?

A little more information might help elicit a meaningful response.

[DonDev]

Worst earnings ever the lowest even lower than clevermining. This pool is a waste of time after testing it for 6 hours i give up as the earnings were tooo damn low for my 90mhs miner. I make a lot more on nicehash and wafflepool I dont see why miners would point there machines to this low earnings pool.

Wow.  So you tested a PPLNS pool for a whole 6 hours and came to a conclusion on earnings?  Good riddance.  Don't bother logging back in after 5 hours and noticing your earnings have doubled since when you evaluated them.

Huh thats no excuse for a crappy pool that doesnt make anything. I left my miner on for 20 hours still didnt make anything its a crappy pool no matter what you say. Im waiting for my payout that hasnt been paid when do payouts happen.

[Destiffmast]

Just out of curiosity, currently mining with about 2700 kh/s, shouldn't this be giving me around 0.01 per day at least? took me 2 weeks to get 0.1. I am under the impression it used to be far quicker than that, more like a week. Is this normal or is my miner just giving me wrong readings?

[eleuthria]

Just out of curiosity, currently mining with about 2700 kh/s, shouldn't this be giving me around 0.01 per day at least? took me 2 weeks to get 0.1. I am under the impression it used to be far quicker than that, more like a week. Is this normal or is my miner just giving me wrong readings?

According to poolpicker.eu, the *best* performing multipool over the last 14 days averaged 0.0033 per MH/s, and it's been declining ever since.  So no, it should be giving you less than 0.01/day even if you were mining on the luckiest pool over the last 2 weeks.  The variance between most the well performing pools on poolpicker.eu is unrelated to algorithm or performance, and more related to just how lucky they were when they were on DOGE/LTC, which has the biggest impact on daily earnings for any multipool.

[Sir Alan]

Huh thats no excuse for a crappy pool that doesnt make anything. I left my miner on for 20 hours still didnt make anything its a crappy pool no matter what you say. Im waiting for my payout that hasnt been paid when do payouts happen.

If you "didn't make anything" then you won't have any payment to come, will you?  But as you seem to think you should have a payment then you must have made something.  Consequently, and in the absence of specific figures to support what you say, I am inclined to disregard your whining.

[Destiffmast]

Just out of curiosity, currently mining with about 2700 kh/s, shouldn't this be giving me around 0.01 per day at least? took me 2 weeks to get 0.1. I am under the impression it used to be far quicker than that, more like a week. Is this normal or is my miner just giving me wrong readings?

According to poolpicker.eu, the *best* performing multipool over the last 14 days averaged 0.0033 per MH/s, and it's been declining ever since.  So no, it should be giving you less than 0.01/day even if you were mining on the luckiest pool over the last 2 weeks.  The variance between most the well performing pools on poolpicker.eu is unrelated to algorithm or performance, and more related to just how lucky they were when they were on DOGE/LTC, which has the biggest impact on daily earnings for any multipool.

Yes makes perfect sense. Thank you for your post.
This pool from all other I have tried is the most reliable even if it pays less than others sometimes.

[Fiyasko]

Just out of curiosity, currently mining with about 2700 kh/s, shouldn't this be giving me around 0.01 per day at least? took me 2 weeks to get 0.1. I am under the impression it used to be far quicker than that, more like a week. Is this normal or is my miner just giving me wrong readings?

According to poolpicker.eu, the *best* performing multipool over the last 14 days averaged 0.0033 per MH/s, and it's been declining ever since.  So no, it should be giving you less than 0.01/day even if you were mining on the luckiest pool over the last 2 weeks.  The variance between most the well performing pools on poolpicker.eu is unrelated to algorithm or performance, and more related to just how lucky they were when they were on DOGE/LTC, which has the biggest impact on daily earnings for any multipool.

Speaking of btc/day...
Could we please get a "earned x.xxxxxxxxbtc in past 24hrs" I kinda need something like this for various reasons, once of them being that say someone owns 5% of my hashrate via chipping in, how would I know how much btc to give that person each day when I don't even know how much I'm making? The only reference point I have is how much comes into my wallet, but that doesn't really help...
EDIT
Seems like you already plan on adding this, Huzzah!
Please don't take too long *happy satisfied bow*

[Ktulu1]

FYI - I'm doing .00322 BTC/MH/Day using Scryptguild's auto-switching.

That number represents an average of the last 10 closed shifts this morning.

[Fiyasko]

FYI - I'm doing .00322 BTC/MH/Day using Scryptguild's auto-switching.

That number represents an average of the last 10 closed shifts this morning.

How did you come up with this number?

[Ktulu1]

FYI - I'm doing .00322 BTC/MH/Day using Scryptguild's auto-switching.

That number represents an average of the last 10 closed shifts this morning.

How did you come up with this number?

Estimated BTC/MH/Day =  (sum of the (average of the number of coins earned in the last ten closed shifts * Cryptsy's price for each coin)) * 24 hours / megahashs.

Example (easier with one coin and fake numbers):

Average DOGE for the last 10 closed shifts = 2500
2500 DOGE @ .00000070 = .00175 BTC/hour
.00175 * 24 hours = .042 BTC/day
.042 / 10 MH/s = .0042 BTC/MH/Day

The problems with this estimate are that the price of the coins was taken after 10 hours of hashing. So, this is what you would make if you held the coins for 10 hours and sold them all at once. The other problem is that the hash rate varies over time.

[aztecminer]

Scrypt mining in general is becoming less profitable.

hence why i am not buying scrypt miners atm . now is not a good time to buy those i think. they have 100Mh/s scrypt miners now.

Some of the new ASIC scrypt miners now available are very low power so should be profitable for a reasonably long time. A Gridseed 5-chip ($80) can mine 300+kHs at 7W of power, 4W with the fan removed (scrypt only mode). With a HW mod they can go to 500kHs.

maybe i will reconsider. you have a link to the hw mod ?? i have been looking at the gridseed blades. they seem to be dropping in price fairly quickly. within the last month or so i saw several new blades. i am thinking of moving my two r9 290x's to pc's and replace their mining with gridseeds.