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Author Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers  (Read 829128 times)
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MoreBloodWine
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June 30, 2014, 06:22:18 AM
 #7241

If this keeps up, were gonna drop another PH by Tuesday if not sooner.

Do you mind me asking who you refer, when you say WE. It is more than obvious, that you mine at ghash (I've figured it out from your sig). So, why do you care at all?
This answer your question ?

What looks so obvious to you just got blown out of the water, so you didn't really figure out anything but mis judge a situation bfore doing your homework on me.



Namecoin investment...


Edit: Ok, so the Cex image isn't showing but the hash there amounts to like 2.36Gh/s or something... all bought with the NMC mined here.

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organofcorti
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June 30, 2014, 06:33:20 AM
 #7242

I'm about to join the BTCGuild 10 Billion club! 10 billion shares submitted and now in the top 200 for Most Shares (all time).

Do I get a trophy?  Cheesy

Hmm...I can only provide the following trophy:



eleuthria, how about rescaling shares for your hall of fame by network difficulty when they were submitted - I wonder how the top 200 would look then? Oh, sorry xstr8guy Wink

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June 30, 2014, 06:33:36 AM
 #7243

Ok, so the Cex image isn't showing but the hash there amounts to like 2.36Gh/s or something... all bought with the NMC mined here.

In that case, please accept my apologies. A bit nervous past days... Diff jump, bad luck, high ambient in datacenter and 8 SP10s running below my expectations. Sorry.
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June 30, 2014, 06:36:41 AM
 #7244

Ok, so the Cex image isn't showing but the hash there amounts to like 2.36Gh/s or something... all bought with the NMC mined here.

In that case, please accept my apologies. A bit nervous past days... Diff jump, bad luck, high ambient in datacenter and 8 SP10s running below my expectations. Sorry.
Shit happens, I just don't have a use for namecoins, they don't really convert for much so I figured F'it, may as well just invest it at Cex and see what happens.

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June 30, 2014, 06:42:19 AM
 #7245

Shit happens, I just don't have a use for namecoins, they don't really convert for much so I figured F'it, may as well just invest it at Cex and see what happens.

Actually, you just gave me a good idea, about using NMC Smiley

Thanks!
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June 30, 2014, 07:13:29 AM
 #7246

I'm about to join the BTCGuild 10 Billion club! 10 billion shares submitted and now in the top 200 for Most Shares (all time).

Do I get a trophy?  Cheesy

Hmm...I can only provide the following trophy:



eleuthria, how about rescaling shares for your hall of fame by network difficulty when they were submitted - I wonder how the top 200 would look then? Oh, sorry xstr8guy Wink

No offense taken. I've been submitting shares since I had several GPUs pointed at BTCGuild. I've aggressively scaled up and am currently at ~8.7THs. It seems like eons ago but probably wasn't until mid 2013. Btw, I've still found more blocks (4) than I've been paid for (91.63 BTC).
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June 30, 2014, 07:56:43 AM
 #7247

I'm about to join the BTCGuild 10 Billion club! 10 billion shares submitted and now in the top 200 for Most Shares (all time).

Do I get a trophy?  Cheesy

Hmm...I can only provide the following trophy:



I'll display it proudly on my mantle!  Cheesy
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June 30, 2014, 03:00:07 PM
 #7248

gettin those S3 release sale transaction fees  Grin
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June 30, 2014, 03:37:07 PM
 #7249

I switched off my sole Bitmain S1 a few weeks ago and have lost track of mining earnings since then

Anyone care to suggest what 1TH/s of mining would earn a guy today ?

(ie BTC earned per 24 Hrs)

Hodling Optimist : 1 BTC could eventually be worth $34,000 should bitcoin grow to account for even 1% of the global money supply (http://www.coindesk.com/venture-capital-bullish-bitcoin-risks/)
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June 30, 2014, 04:27:31 PM
 #7250

I switched off my sole Bitmain S1 a few weeks ago and have lost track of mining earnings since then
Anyone care to suggest what 1TH/s of mining would earn a guy today ?
(ie BTC earned per 24 Hrs)

Difficulty divided by 140 Million is approximately how many petahashes the network is.
so,   16,818,461,371 / 140,000,000 =  120 Petahash = 120,000 Terrahash.
 
your 1 th miner should average 1 TH.s / 120,000 TH.s (network size) X 3600 (bitcoins per day (not exact)  =  0.03 BTC per day

This is about 1 bitcoin per month or $620.   Your electric bill on that miner would be about $70-$100 per month.   

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June 30, 2014, 05:50:04 PM
 #7251

Difficulty divided by 140 Million is approximately how many petahashes the network is.
so,   16,818,461,371 / 140,000,000 =  120 Petahash = 120,000 Terrahash.
 
your 1 th miner should average 1 TH.s / 120,000 TH.s (network size) X 3600 (bitcoins per day (not exact)  =  0.03 BTC per day

This is about 1 bitcoin per month or $620.   Your electric bill on that miner would be about $70-$100 per month.   


Thanks for the refresher course Smiley

Hodling Optimist : 1 BTC could eventually be worth $34,000 should bitcoin grow to account for even 1% of the global money supply (http://www.coindesk.com/venture-capital-bullish-bitcoin-risks/)
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June 30, 2014, 07:15:10 PM
 #7252

Are there any plans in the near future to start merge mining with Devcoin (DVC) and Inter eXchange Coin (IXC) just like Ghash?
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July 01, 2014, 12:08:35 AM
 #7253

Are there any plans in the near future to start merge mining with Devcoin (DVC) and Inter eXchange Coin (IXC) just like Ghash?


Nope.
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July 01, 2014, 12:19:59 AM
 #7254

Are there any plans in the near future to start merge mining with Devcoin (DVC) and Inter eXchange Coin (IXC) just like Ghash?


Nope.

Seems unfortunate. I would think someone would want to start competing against ghash in every way possible. Obviously it isn't possible to run 0% without a subsidy like Cex backing them.

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organofcorti
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July 01, 2014, 12:21:47 AM
 #7255

Are there any plans in the near future to start merge mining with Devcoin (DVC) and Inter eXchange Coin (IXC) just like Ghash?


Nope.

Seems unfortunate. I would think someone would want to start competing against ghash in every way possible. Obviously it isn't possible to run 0% without a subsidy like Cex backing them.

Not unfortunate really - not if you want a pool with good uptime and a pool op that spends time making sure bitcoin mining runs smoothly rather than fixing devcoin and ixcoin merged mining implementation bugs.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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July 01, 2014, 12:25:50 AM
 #7256

Are there any plans in the near future to start merge mining with Devcoin (DVC) and Inter eXchange Coin (IXC) just like Ghash?


Nope.

Seems unfortunate. I would think someone would want to start competing against ghash in every way possible. Obviously it isn't possible to run 0% without a subsidy like Cex backing them.

Not unfortunate really - not if you want a pool with good uptime and a pool op that spends time making sure bitcoin mining runs smoothly rather than fixing devcoin and ixcoin merged mining implementation bugs.

I get that, but if there is one person who could do it well, it would be eleuthria. I would just like to see a strong competitor to ghash, not just people "sacrificing" one feature or another for the sake of the network. Ghash is reporting 47PH/s now. It isn't working out so well...

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organofcorti
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July 01, 2014, 12:41:48 AM
 #7257

Are there any plans in the near future to start merge mining with Devcoin (DVC) and Inter eXchange Coin (IXC) just like Ghash?


Nope.

Seems unfortunate. I would think someone would want to start competing against ghash in every way possible. Obviously it isn't possible to run 0% without a subsidy like Cex backing them.

Not unfortunate really - not if you want a pool with good uptime and a pool op that spends time making sure bitcoin mining runs smoothly rather than fixing devcoin and ixcoin merged mining implementation bugs.

I get that, but if there is one person who could do it well, it would be eleuthria. I would just like to see a strong competitor to ghash, not just people "sacrificing" one feature or another for the sake of the network. Ghash is reporting 47PH/s now. It isn't working out so well...

I'm not sure merged mining coins is the answer. If BTC Guild could offer a low cost PPS variant (as suggested in a thread by Meni Rosenfeld) in conjunction with some other pools, I think GHash.IO would be in trouble.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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MoreBloodWine
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July 01, 2014, 03:03:40 AM
 #7258

Are there any plans in the near future to start merge mining with Devcoin (DVC) and Inter eXchange Coin (IXC) just like Ghash?


Nope.

Seems unfortunate. I would think someone would want to start competing against ghash in every way possible. Obviously it isn't possible to run 0% without a subsidy like Cex backing them.

Not unfortunate really - not if you want a pool with good uptime and a pool op that spends time making sure bitcoin mining runs smoothly rather than fixing devcoin and ixcoin merged mining implementation bugs.

I get that, but if there is one person who could do it well, it would be eleuthria. I would just like to see a strong competitor to ghash, not just people "sacrificing" one feature or another for the sake of the network. Ghash is reporting 47PH/s now. It isn't working out so well...

I'm not sure merged mining coins is the answer. If BTC Guild could offer a low cost PPS variant (as suggested in a thread by Meni Rosenfeld) in conjunction with some other pools, I think GHash.IO would be in trouble.
I doubt Michael would go back to any form of PPS but I could be wrong, wouldn't hurt to have him look that link over and get back to us though but ya, I feel GHash is hurting a lot of the pools in one form or another.

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July 01, 2014, 04:53:32 AM
 #7259

Dev and IXC only add about 0.1% more to your profits and it's another coin you have to send to an exchange and then dump for Bitcoin (assuming you only want BTC).  I think the uptime and security affording by this pool and others like Bitminter and Elegius exceed the paltry add on of those coins.

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July 01, 2014, 05:09:33 AM
 #7260

Dev and IXC only add about 0.1% more to your profits and it's another coin you have to send to an exchange and then dump for Bitcoin (assuming you only want BTC).  I think the uptime and security affording by this pool and others like Bitminter and Elegius exceed the paltry add on of those coins.

Not counting uptime/security (unlikely to be affected), the real issue is extra load on the servers.  As you pointed out, DVC+IXC are virtually worthless.  I'm not even sure if they're 0.1% actually.  Adding extra coins to each pool server means each server will be wasting time accessing the SSDs/RAM for those coins, a few CPU cycles, and some bandwidth every time they get a block.  That will at least minimally impact bitcoind performance.  How much?  I can't say, and nobody else really can either.  But it is a non-0 impact, and for how worthless they are, I'm not willing to risk ANY performance for junk coins on BTC Guild.

R.I.P. BTC Guild, 2011 - 2015.
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