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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Taugeran
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February 14, 2014, 02:13:30 AM |
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Bitfury HW & Habañero : 1.625Th/s tips/Donations: 1NoS89H3Mr6U5CmP4VwWzU2318JEMxHL1 Come join Coinbase |
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dude is fine
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Activity: 60
Merit: 10
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February 14, 2014, 08:01:44 AM |
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 So hardcore!
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NicholasB54
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February 14, 2014, 09:50:57 AM |
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Minor Irritant feedback The little tooltip message that pops up when the mouse is over the pool luck graph at bottom of PPLNS page uses 24 hour time format The rest of that page uses am/pm format Trivial I know, but it caused me some confusion at start when new to BTC Guild, so perhaps when developers are not launching new scrypt pools, or updating servers or dealing with DOS attacks, falsified transactions, etc, etc etc  |
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raskul
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February 14, 2014, 03:45:51 PM |
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Congrats eleuthria and to all of us miners!  please explain to me why this is a good thing?  |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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Powell
Sr. Member
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Activity: 486
Merit: 262
rm -rf stupidity
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February 14, 2014, 03:56:03 PM |
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Congrats eleuthria and to all of us miners! please explain to me why this is a good thing? Considering the amount of major farms/companies popping up on other pools and last I checked it was only a 34% of the market. What would you like to see. GOD DAMN FUCKING ASIC MINING ASS HOLES WITH THEIR BIG HASHING MACHINES RUINING THE BITCOIN WORLD?! |
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raskul
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February 14, 2014, 03:58:01 PM |
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Congrats eleuthria and to all of us miners! please explain to me why this is a good thing? Considering the amount of major farms/companies popping up on other pools and last I checked it was only a 34% of the market. What would you like to see. GOD DAMN FUCKING ASIC MINING ASS HOLES WITH THEIR BIG HASHING MACHINES RUINING THE BITCOIN WORLD?! are you trying to tell me that none of that hashrate belongs to "GOD DAMN FUCKING ASIC MINING ASS HOLES WITH THEIR BIG HASHING MACHINES RUINING THE BITCOIN WORLD?! " ?? it's happening, sorry to give you an enema of reality. |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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Powell
Sr. Member
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Activity: 486
Merit: 262
rm -rf stupidity
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February 14, 2014, 04:04:06 PM |
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Well no shit... What else would it belong to?
Do you drive a Prius because oil companies are just ruling the world? Support white box servers running the hospitals, schools, etc... Now I won't hate on a solar panel setup because I am wanting to do the same to save myself for $600+ electric bills in the summer.
Welcome to reality you can't protect anything I am new to mining myself but I've been following this for awhile. It was only a matter of time because if it wasn't the coin would still just be a digital piece of currency that people in the business world could care less about. I am glad to see it continue to grow but if you think how do you think those old GPU's would be doing right now at this current time (if ASIC style boxes never showed up)? Difficulty of course probably would be no where it is, but it would sure be fun.
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Powell
Sr. Member
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Activity: 486
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rm -rf stupidity
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February 14, 2014, 04:06:57 PM |
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Also the P2Pool movements I really do like. I though would rather run my own node but honestly I do not have time to do it efficiently. If the share of BTC was 46% there would be no congrats there would be a RUN not be saying congrats.
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Powell
Sr. Member
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Activity: 486
Merit: 262
rm -rf stupidity
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February 14, 2014, 04:22:58 PM |
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Also I should apologize I came off like an ass really quickly. In the scheme of things I am nothing either. After this weekend I'll be at a whopping 5.2 TH/s which compared to so many that is nothing.
I mainly meant it because you see the other big pool changing their's quite a bit. So had proof of the 5PH/s.
I do plan on playing in the Scrypt world soon have 2 setups ready to go just have had no time preparing for additional ASIC's.
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raskul
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February 14, 2014, 04:36:39 PM |
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Also I should apologize I came off like an ass really quickly. In the scheme of things I am nothing either. After this weekend I'll be at a whopping 5.2 TH/s which compared to so many that is nothing.
I mainly meant it because you see the other big pool changing their's quite a bit. So had proof of the 5PH/s.
I do plan on playing in the Scrypt world soon have 2 setups ready to go just have had no time preparing for additional ASIC's.
hey it's cool mate, i'm small fry myself but we are still contributing. and your point.. if ASIC had never been invented.. man, how many dreams at night i've had where i'm living in a world without ASIC, then in the morning I come back to earth with a THUD |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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eleuthria (OP)
Legendary
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Activity: 1750
Merit: 1007
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February 14, 2014, 06:19:34 PM
Last edit: February 14, 2014, 06:37:13 PM by eleuthria |
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Minor Irritant feedback The little tooltip message that pops up when the mouse is over the pool luck graph at bottom of PPLNS page uses 24 hour time format The rest of that page uses am/pm format Trivial I know, but it caused me some confusion at start when new to BTC Guild, so perhaps when developers are not launching new scrypt pools, or updating servers or dealing with DOS attacks, falsified transactions, etc, etc etc Updated to 12-hour time format. Funny enough, BTC Guild hasn't been affected by transaction malleability. Maybe it's my accounting background, or maybe it's common sense, but my system doesn't rely on your transaction ID getting confirmations before marking it as paid on your account. If I push out a payout, the payout has already been marked as sent in my system before the actual push to bitcoind. You can fix a failed payout. You can't fix/reverse a double payout. Congrats eleuthria and to all of us miners! please explain to me why this is a good thing? BTC Guild represents one of (if not the) largest group of miners. We have fallen from 1st place in terms of raw speed. However, GHash.io's last statement was that 45% of their speed was their private farm (cex.io). BTC Guild itself has no private hash rate. My ASIC collection consists of a single Avalon and a dozen USB Block Erupters, none of which are currently running. Eligius has passed BTC Guild on occasion in the last week, because it now has 2 users that represent approximately 35-40% of its entire pool speed. BTC Guild has some power users, yes, but the largest one is not even 8% of the pool. The top 5 users represent approximately 20% of the pool, and then it drops *drastically* after that. |
RIP BTC Guild, April 2011 - June 2015
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raskul
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February 14, 2014, 06:47:35 PM |
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BTC Guild represents one of (if not the) largest group of miners. We have fallen from 1st place in terms of raw speed. However, GHash.io's last statement was that 45% of their speed was their private farm (cex.io). BTC Guild itself has no private hash rate. My ASIC collection consists of a single Avalon and a dozen USB Block Erupters, none of which are currently running. Eligius has passed BTC Guild on occasion in the last week, because it now has 2 users that represent approximately 35-40% of its entire pool speed. BTC Guild has some power users, yes, but the largest one is not even 8% of the pool. The top 5 users represent approximately 20% of the pool, and then it drops *drastically* after that.
thanks for this eleuthria, in honesty, this is just what we have grown to expect from you, clear concise honesty. I'd buy you a bunch of flowers but the missus has a monopoly on that one - especially today. keep up the good work, I wasn't particularly having a dig at the pool, just the overall network hashrate, which is unfortunately, out of everyone's hands. again, keep up the good work, and thanks for taking the time to respond to my query, even though you answered before i'd asked!! groovy. |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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ericisback
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February 14, 2014, 08:14:43 PM |
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eleuthria, just a small heads up, the PPLNS info on your "How Am I Paid" page, here: https://www.btcguild.com/index.php?page=support§ion=howamipaidstill references 250 million shares per shifts. I think I remember that you up'ed the shares to 325 million per shift (3.25 billion total for the 10 completed payable shifts). |
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eleuthria (OP)
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February 14, 2014, 08:27:02 PM |
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Thanks, updated it to not give a number since it does tend to change every 1-3 weeks. It's been a LONG time since I updated that snippet on the support page. Shifts are currently 3.5 billion *per shift*, 35 billion for the 10 open shifts. |
RIP BTC Guild, April 2011 - June 2015
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ericisback
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February 14, 2014, 09:35:43 PM |
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Shifts are currently 3.5 billion *per shift*, 35 billion for the 10 open shifts.
Holy cow, had no idea. |
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NicholasB54
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February 15, 2014, 01:11:45 AM |
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Updated to 12-hour time format.
Thanks Eleuhria just noticed it - nice response time |
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eleuthria (OP)
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Activity: 1750
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February 15, 2014, 01:55:59 AM |
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Shifts are currently 3.5 billion *per shift*, 35 billion for the 10 open shifts.
Holy cow, had no idea. My goal is, even if BTC Guild shrinks as more and more massive private farms come online taking a larger chunk of the mining pie, to keep our shift N value at least 10% higher than network difficulty. This provides a total 'N' value of 11x difficulty, which is a length I don't believe BTC Guild has ever seen a block take (I think it has only happened once out of any pool in the last 3 years). Obviously there is always a balance of maturation time for shares vs variance |
RIP BTC Guild, April 2011 - June 2015
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ManeBjorn
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Activity: 1288
Merit: 1004
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February 15, 2014, 02:16:49 AM |
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Those are great stats. It's also good to know your pool transactions are safe too. It's the only pool I use for BTC. Minor Irritant feedback The little tooltip message that pops up when the mouse is over the pool luck graph at bottom of PPLNS page uses 24 hour time format The rest of that page uses am/pm format Trivial I know, but it caused me some confusion at start when new to BTC Guild, so perhaps when developers are not launching new scrypt pools, or updating servers or dealing with DOS attacks, falsified transactions, etc, etc etc Updated to 12-hour time format. Funny enough, BTC Guild hasn't been affected by transaction malleability. Maybe it's my accounting background, or maybe it's common sense, but my system doesn't rely on your transaction ID getting confirmations before marking it as paid on your account. If I push out a payout, the payout has already been marked as sent in my system before the actual push to bitcoind. You can fix a failed payout. You can't fix/reverse a double payout. Congrats eleuthria and to all of us miners! please explain to me why this is a good thing? BTC Guild represents one of (if not the) largest group of miners. We have fallen from 1st place in terms of raw speed. However, GHash.io's last statement was that 45% of their speed was their private farm (cex.io). BTC Guild itself has no private hash rate. My ASIC collection consists of a single Avalon and a dozen USB Block Erupters, none of which are currently running. Eligius has passed BTC Guild on occasion in the last week, because it now has 2 users that represent approximately 35-40% of its entire pool speed. BTC Guild has some power users, yes, but the largest one is not even 8% of the pool. The top 5 users represent approximately 20% of the pool, and then it drops *drastically* after that. |
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