[CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers

[xstr8guy]

Average blocks solved per hour is way down on the entire Network for some reason.  Lately it's been 8-10 per hour according to my BTCmon iPhone app.  And since the last difficulty change it's been under 6 per hour.

Strange.

[1714887382]

1714887382

[murraypaul]

Average blocks solved per hour is way down on the entire Network for some reason.  Lately it's been 8-10 per hour according to my BTCmon iPhone app.  And since the last difficulty change it's been under 6 per hour.

That is why the difficulty changed, because blocks were being found too quickly.
6 per hour is the target rate. Immediately after a difficulty change, that is what you would expect to get.

[xstr8guy]

Average blocks solved per hour is way down on the entire Network for some reason.  Lately it's been 8-10 per hour according to my BTCmon iPhone app.  And since the last difficulty change it's been under 6 per hour.

That is why the difficulty changed, because blocks were being found too quickly.
6 per hour is the target rate. Immediately after a difficulty change, that is what you would expect to get.

Has the network hashrate increase slowed down a bit?  Is that why it has returned to its normal block solve rate?  If so, it's just a matter of time before the next wave of ASICs causes another spike.

[demonmaestro]

Average blocks solved per hour is way down on the entire Network for some reason.  Lately it's been 8-10 per hour according to my BTCmon iPhone app.  And since the last difficulty change it's been under 6 per hour.

That is why the difficulty changed, because blocks were being found too quickly.
6 per hour is the target rate. Immediately after a difficulty change, that is what you would expect to get.

Has the network hashrate increase slowed down a bit?  Is that why it has returned to its normal block solve rate?  If so, it's just a matter of time before the next wave of ASICs causes another spike.

it looks like so. But do keep in mind about KNCs november batch

[opentoe]

Both me and my Dad's Saturn earnings have dropped considerably here. I just want to confirm, just a couple weeks ago we were at .4 24 hour earnings. Right now both of us are at .13% now. Are those earnings ever likely to rise at all, or that's basically what we are looking at with 280Gh/s average here now? I know, everyone throws the luck word at me and I guess it does sound like whining a bit, but you do take %3 fee so you are making something right? I guess I'm just looking for an advanced user to indicate we'll never see our earnings go back up or we eventually will. Things are moving very fast. When we first started we were at .5%. How quickly it drops, but in my mind I'm thinking hey BTC price is rising big time....I'll make a little more return, but in fact making less. Trying to wrap that around my head, that's all.

Sorry if I seem like a novice, I am. We all started at some point, right?

[jojo69]

Both me and my Dad's Saturn earnings have dropped considerably here. I just want to confirm, just a couple weeks ago we were at .4 24 hour earnings. Right now both of us are at .13% now. Are those earnings ever likely to rise at all, or that's basically what we are looking at with 280Gh/s average here now? I know, everyone throws the luck word at me and I guess it does sound like whining a bit, but you do take %3 fee so you are making something right? I guess I'm just looking for an advanced user to indicate we'll never see our earnings go back up or we eventually will. Things are moving very fast. When we first started we were at .5%. How quickly it drops, but in my mind I'm thinking hey BTC price is rising big time....I'll make a little more return, but in fact making less. Trying to wrap that around my head, that's all.

Sorry if I seem like a novice, I am. We all started at some point, right?

the red stairstep is hashing difficulty, yes, your take decreases with time

[BrandonMcPherson]

Opentoe, the thing we've been talking about is that there is a persistent decrease in rewards per resource (i.e. hashing power) that is inescapable. It manifests in two ways.

The first is the increase in total network hashing power. It's always increasing, and thus any existing chunk becomes a smaller percentage of that whole with every increase.

The second is the increase in difficulty, which is an artificial means of choking the effect of the ever growing network. (Related: If, for some reason, the network contracted, the difficulty would decrease.)

Those two effect inexorably whittle away at your rewards.

But luck will also reduce or add to your rewards. The effect you have personally seen is what happens when an increase in difficulty coincides with a far steeper-than-usual, short-term decrease in luck. If our pool luck returns to normal (it will, and it already has as part of the natural course of events), you will see your rewards rise, but not to the level they were before previous difficulty increases.

If we get really lucky (which is likely at some point, for a short period of time), you could even see your rewards for that short term exceed what you saw before—luck could more than compensate for the inflationary network effects mentioned above, but only for short periods.

Most of the ROI calculators I've seen take this depreciation into account, BTW. Some of them allow you to input your own parameters, too.

[nrguser]

I wanted to drop by and say hello and say a big ol' thanks to eleuthria. My friend quit mining and gave me his 5 ASIC miners he had and since I have access to free electricity I followed a tutorial and used my Rpi to setup a small mining rig in a DC. The tutorial mentioned BTCguild and setup an account and it's been going great so far. I'll most likely be donating most of my coins to various places but regardless as long as the ASIC miners keep running I'll keep the power flowing to them; I hate e-waste and will run the USB erupters until they don't function and then will recycle them.

Anyway, the website is awesome, very user friendly, and can't wait to see what these things can do!

[demonmaestro]

I like your thinking. i would do the same if people donated there equiptment

[BRADLEYPLOOF]

so when can i buy block erupters for 10 for .01 BTC?  The value of btc has skyrocketed, and the price of those things hasn't moved all week... 

[Icon]

Maybe it's just me and where i am from, the south. But shouldn't luck be called production? IE more work/stuff getting made in the same amount of time? For example PPS pays a flat rate no matter how production your miner has done in X amount of time. But PPLNS is like you'll paid buy how much work you get done in X amount of time, sometimes more (more BTC) sometimes less (less then PPS pays out).. Kinda like being hourly workers at a plant vs managers who are on yearly salaries.

Let me know if i am off.. or just wayyy off 

[jojo69]

Maybe it's just me and where i am from, the south. But shouldn't luck be called production? IE more work/stuff getting made in the same amount of time? For example PPS pays a flat rate no matter how production your miner has done in X amount of time. But PPLNS is like you'll paid buy how much work you get done in X amount of time, sometimes more (more BTC) sometimes less (less then PPS pays out).. Kinda like being hourly workers at a plant vs managers who are on yearly salaries.

Let me know if i am off.. or just wayyy off 

semantics, but yes

we also use "production" in logging, in IT they might say "throughput"

[eleuthria]

so when can i buy block erupters for 10 for .01 BTC?  The value of btc has skyrocketed, and the price of those things hasn't moved all week... 

They have never been priced based on USD.  They make BTC, and they're sold for BTC.  The only part that is based on USD (international shipping and USB price which is essentially shipping) have already been adjusted.

[demonmaestro]

so when can i buy block erupters for 10 for .01 BTC?  The value of btc has skyrocketed, and the price of those things hasn't moved all week... 

They have never been priced based on USD.  They make BTC, and they're sold for BTC.  The only part that is based on USD (international shipping and USB price which is essentially shipping) have already been adjusted.

that maybe true but that is still a 2 faced statement...


The reason why i say that is due to they take actual Fiat to manafacture. So all in all the price is effected via Fiat.

[BrandonMcPherson]

And Lady Luck is making it rain, again. She is such a fickle bitch, but it's nice to be in her favor again.

[mdopro1]

And Lady Luck is making it rain, again. She is such a fickle bitch, but it's nice to be in her favor again.

and now that you mentioned it.....

just dont talk about good luck.

[BrandonMcPherson]

Oops. My bad.

[mdopro1]

My BFL 60GHS single is acting strange today. BFGMiner shows average hash rate of 80GHS/80GHS/80GHS (Approximate) which is all fine by me but BTCG is registering only 0.11GHS - temperature is way below normal sitting at 29C

Any idea what could be causing this?

[eleuthria]

My BFL 60GHS single is acting strange today. BFGMiner shows average hash rate of 80GHS/80GHS/80GHS (Approximate) which is all fine by me but BTCG is registering only 0.11GHS - temperature is way below normal sitting at 29C

Any idea what could be causing this?

Sounds like your miner is on strike.

[eleuthria]

An automatic payout failed about an hour ago due to a depleted hot wallet from the bubble causing higher withdrawal activity than normal, paired with the bad luck from the other day which meant there weren't many coins with 120+ confirmations in the wallet maturing in the last 24 hours.  The wallet has been replenished and the payout was removed from your history.  It will execute again shortly.