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

[jedimstr]

Looks like the Asicminer Cubes are starting to show up, supposedly in hand.

http://www.ebay.com/itm/ASICMINER-38GHz-s-Bitcoin-Miner-Instant-Dispatch-/171175738836?pt=UK_Computing_Other_Computing_Networking&hash=item27dade7dd4

Too expensive compared to a BFL single 60GHs for about $1500 roughly.

On another note: Can someone tell me why one of my transactions is sitting on blockchain with estimated confirmation in 24 hours? Is this something to do with that address re-use crap that people are screaming about?

Probably more to do with transaction fees.  Did you have any?

[eleuthria]

On another note: Can someone tell me why one of my transactions is sitting on blockchain with estimated confirmation in 24 hours? Is this something to do with that address re-use crap that people are screaming about?

Don't pay attention to blockchain.info's estimated confirmation time.  It's complete garbage (like the majority of features on blockchain.info).

[eleuthria]

A batch of manual payouts failed earlier today.  Attempting to add them to the next batch ended up causing even more to fail.  Working on figuring out which individual payout is causing the problems.

If you have a payout that links to blockchain.info with the end of the URL as 'PAYMENT_FAILED', it should be fixed shortly!

[mdopro1]

On another note: Can someone tell me why one of my transactions is sitting on blockchain with estimated confirmation in 24 hours? Is this something to do with that address re-use crap that people are screaming about?

Don't pay attention to blockchain.info's estimated confirmation time.  It's complete garbage (like the majority of features on blockchain.info).

It's like file copy time in Windows, always start off with insanely high time. My payment still validated in average time that it does. I suppose blockchain.info would have to wait for a new block be found?

Looks like the Asicminer Cubes are starting to show up, supposedly in hand.

http://www.ebay.com/itm/ASICMINER-38GHz-s-Bitcoin-Miner-Instant-Dispatch-/171175738836?pt=UK_Computing_Other_Computing_Networking&hash=item27dade7dd4

Too expensive compared to a BFL single 60GHs for about $1500 roughly.

On another note: Can someone tell me why one of my transactions is sitting on blockchain with estimated confirmation in 24 hours? Is this something to do with that address re-use crap that people are screaming about?

Probably more to do with transaction fees.  Did you have any?

I don't get it but I don't have any of these. Just realized, these don't have PSU either so that's another plus point for BFL since most of them on ebay have PSU (Whether they are crap is another subject)...

[BrandonMcPherson]

The 60GH Singles have been edging up in price with the rise in BTC value, but less so than the true entry level devices such as Block Erupters and the Blades. I've seen Singles closing higher than $1,600 in the last week. On the other hand, Jalapenos at $390-$500 today will likely never break even. Those were in the mid $200+/- a couple of weeks ago.

Edit: I see 60gh Singles on Craiglist for $1,500 still, though some have been higher.

As for that Cube, it's new. A new 50GH Single is $2,499 (when you get it is another issue), making that Cube auction compare much more favorably. Also, this is the first one I've seen available for sale in hand in the wild. Hopefully that auction's price is a first-mover thing and the proper retail price once they're available more broadly will be lower. At $1,200, the math doesn't work out at current difficulty rates.

Hopefully the folks at AM will get back to Eluthria Soon™.

[Crypto_Cumbrian]

Hi Stupid question.

NMC coins, is that only added to your balance when mining using PPLNS or Both PPLNS and PPS.

Because since I changed to PPS from PPLNS my NMC balance has remained the same.

thanks

C_C

[demonmaestro]

Hi Stupid question.

NMC coins, is that only added to your balance when mining using PPLNS or Both PPLNS and PPS.

Because since I changed to PPS from PPLNS my NMC balance has remained the same.

thanks

C_C

Its only added when using PPLNS. 

[eleuthria]

In response to Bitcoin staying over $100 for so long, and now being quite a bit above it, the minimum payout amount has been changed from 0.01 BTC to 0.001 BTC.  HOWEVER, any payout under 0.01 will have 0.0005 deducted from the amount that is paid.

At this time BTC Guild still uses 0.0005 as the transaction fee amount per kilobyte in its payouts.  If BTC Guild drops it's transaction fee to 0.0001 per kilobyte in the future, the additional fee charged to miners will also drop to that amount.

[jojo69]

eleuthria, forgive me for making you repeat yourself as I am sure it has been asked before.

What is your position on the blocksize debate?

[eleuthria]

eleuthria, forgive me for making you repeat yourself as I am sure it has been asked before.

What is your position on the blocksize debate?

BTC Guild is still using a 500KB block size until more pools also contribute larger blocks.  Many pools still use the default 250KB.  The problem with raising block sizes is you increase the orphan rates, and pools using smaller block sizes will end up with an advantage of faster block spreading when sending blocks 1/2 the size or less.  For the most part, 250KB is "enough" for the network, except during rapid transaction spikes like during the rally yesterday.  Even then, 250KB is *normally* enough, the exception being when the network as a whole has bad luck and has 40-50 minutes worth of transactions piled up due to no recent blocks.

500KB feels like a good spot so far.  Our orphan rate has been fairly low, and we're collecting a *lot* of transaction fees when the blockchain has enough unconfirmed transactions to fill up a block.

[jojo69]

would you hold the line at 1M?

[eleuthria]

would you hold the line at 1M?

1M is a hard limit which will require a hardfork of the Bitcoin protocol.  Unless there is significant *real* demand for a change of that level, I have no intention of supporting any fork that attempts to change that limit without the blessing of the rest of the network as well.  I believe off-chain transactions (or sub-chain transactions) are the best solution for block size inflation.  Note that suggesting an increase to the 1MB hard limit will basically put solo miners out of business in the long run (HDD size requirements will become prohibitive for hobbyists), causing even more centralization than what already exists.

[jojo69]

Thank you for the clarification, I agree and you have my support.

For anyone who is wondering WTH we are talking about http://www.youtube.com/watch?v=cZp7UGgBR0I

[jarhed]

eleuthria, forgive me for making you repeat yourself as I am sure it has been asked before.

What is your position on the blocksize debate?

What exactly brought about such a question? There's no (recent) blocksize debate.

[wtfvanity]

Don't pay attention to blockchain.info's estimated confirmation time.  It's complete garbage (like the majority of features on blockchain.info).

Well, we got your take on block size. Now, how do you feel about blockchain.info lol

[jojo69]

eleuthria, forgive me for making you repeat yourself as I am sure it has been asked before.

What is your position on the blocksize debate?

What exactly brought about such a question? There's no (recent) blocksize debate.

To the contrary, I have been seeing a real uptick in demands for faster processing lately and became concerned.  Fortunately my pool op and myself are in quite close alignment on most issues it seems.  I am a bit more concerned about address reuse than he is but he has stated that he will address it if he perceives a real problem so fair enough. 

As miners we give our power to our pool op, it is our responsibility to verify that power is used in a manner we agree with.

[eleuthria]

Don't pay attention to blockchain.info's estimated confirmation time.  It's complete garbage (like the majority of features on blockchain.info).

Well, we got your take on block size. Now, how do you feel about blockchain.info lol

Oh don't get me wrong, I do like bits of blockchain.info.  The problem is they load a bunch of data that can best be described as "wild ass guesses".  Unfortunately, because of the name they used, it makes people believe they are some kind of authority which actually knows these things, when in fact they're often quite wrong.

[portice]

I hate you variance, but other times I love you.

[eleuthria]

I hate you variance, but other times I love you.

Since the graph was setup to remain stored past difficulties, we've had a pretty good ride.  In the long run it should level out to roughly 100% though.  I just wish it'd do it with like...90% days for a week instead of giving us the roller coaster luck.

[BrandonMcPherson]

Well said, both of you.