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

[dburdett84]

Thanks Brandon, I have been looking at scrypt mining also, and am just using this as an excuse to spend more time in my office with my computers and toys.  I don't really expect to make any real money from this or at least turn a measurable profit.  I do have an abundance of PSU's laying around in the 750-1200watt range.

I will look more into the Asicminer Cube, and the S1.

The only other ones I have looked at have been the Blockerupter blades. But those still seem a bit high per Ghash.

I do appreciate all of that info, I have basically just left my Jalapeno running on another pool for a pretty long time and am just now getting the time to start reading and planning for a bigger mining rig.  It is some time off but I would like to hit 500-700 Ghash within the next month or so.

3 Antminers would currently be the only way to go if you're hoping to get above 500GHs without breaking the bank.  I don't think you could even buy secondhand gear for less money.

ASICMiner may soon have some exciting new miners.  But this is a game where waiting is deadly to your income.  If I was just getting into mining now I might just start with the first wave of Gridseed Scrypt ASIC miners and skip Bitcoin mining altogether.

I've been mining since sep 2011, just with a few tours overseas, I left my GPU's and a BFL block running idle for most of my mining time.  I do agree that to someone just starting, scrypt would be the way to go, but for me I don't honestly care about turning a profit on this, its purely a hobby for me.  I am now getting into migrating to new hardware, and yes I am really out of touch on it all.

The only thing I do when I sell coins is put it back into this.  Long story short, I just dumped a large portion of coins I have made since I started(first time ever selling) and have  $7868 to spend on hardware and would like to know which way to go.  It looks like the Antminer S1 is the best choice right now unless there is another secret powerhouse out there?

I think antminers are the best bang for your buck at the moment.

Like anything else, though, your bang will decrease as time goes by with increasing difficulty.

M

Thank you guys, I just ordered 3 of them and am hoping for some fun of setting them up atleast, I also ordered 20 U1's just incase the set up of the S1's goes quicker then I want.

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[ManeBjorn]

I have a question.
I seem to get allot of stales with my 70 gh/s Avalon.
Is there a setting I should be changing to lower that a bit and maximize my output or is that just the way it goes?
Thanks

[ManeBjorn]

Very cool.
Happy mining.

You are right as well though the setup and tweaking is half the fun. 

Thanks Brandon, I have been looking at scrypt mining also, and am just using this as an excuse to spend more time in my office with my computers and toys.  I don't really expect to make any real money from this or at least turn a measurable profit.  I do have an abundance of PSU's laying around in the 750-1200watt range.

I will look more into the Asicminer Cube, and the S1.

The only other ones I have looked at have been the Blockerupter blades. But those still seem a bit high per Ghash.

I do appreciate all of that info, I have basically just left my Jalapeno running on another pool for a pretty long time and am just now getting the time to start reading and planning for a bigger mining rig.  It is some time off but I would like to hit 500-700 Ghash within the next month or so.

3 Antminers would currently be the only way to go if you're hoping to get above 500GHs without breaking the bank.  I don't think you could even buy secondhand gear for less money.

ASICMiner may soon have some exciting new miners.  But this is a game where waiting is deadly to your income.  If I was just getting into mining now I might just start with the first wave of Gridseed Scrypt ASIC miners and skip Bitcoin mining altogether.

I've been mining since sep 2011, just with a few tours overseas, I left my GPU's and a BFL block running idle for most of my mining time.  I do agree that to someone just starting, scrypt would be the way to go, but for me I don't honestly care about turning a profit on this, its purely a hobby for me.  I am now getting into migrating to new hardware, and yes I am really out of touch on it all.

The only thing I do when I sell coins is put it back into this.  Long story short, I just dumped a large portion of coins I have made since I started(first time ever selling) and have  $7868 to spend on hardware and would like to know which way to go.  It looks like the Antminer S1 is the best choice right now unless there is another secret powerhouse out there?

I think antminers are the best bang for your buck at the moment.

Like anything else, though, your bang will decrease as time goes by with increasing difficulty.

M

Thank you guys, I just ordered 3 of them and am hoping for some fun of setting them up atleast, I also ordered 20 U1's just incase the set up of the S1's goes quicker then I want.

[eleuthria]

I have a question.
I seem to get allot of stales with my 70 gh/s Avalon.
Is there a setting I should be changing to lower that a bit and maximize my output or is that just the way it goes?
Thanks

Avalons definitely produced higher stales than other hardware in my experience.  My Avalon averaged ~1.2-1.4% stale, while my ASICMINER USBs averaged ~0.2% on the same connection.  There's really not much that can be done about it, the problem lies in hardware/firmware.

[ManeBjorn]

Thanks I was not sure.
Dogie is going to put out a new firmware for Gen1's soon with cgminer 4+ on it.  I hope that will help a bit more.
I will try it when he gets it ready.

I have a question.
I seem to get allot of stales with my 70 gh/s Avalon.
Is there a setting I should be changing to lower that a bit and maximize my output or is that just the way it goes?
Thanks

Avalons definitely produced higher stales than other hardware in my experience.  My Avalon averaged ~1.2-1.4% stale, while my ASICMINER USBs averaged ~0.2% on the same connection.  There's really not much that can be done about it, the problem lies in hardware/firmware.

[pjcltd]

   Shift ID   Blocks   Per Share Rate   Your Shares   Your Payment   Shift Completed Time   Details   
15337
0
0.00000000000000
1555840
0.00000000
2014-03-03 02:21:41 AM
View
15336
0
0.00000000000000
1560576
0.00000000
2014-03-03 01:23:11 AM
View
15335
0
0.00000000000000
1565440
0.00000000
2014-03-03 12:24:11 AM
View
15334
0
0.00000000000000
1562752
0.00000000
2014-03-02 11:25:41 PM

I'm mining with 2Th/s
and no blocks in the last 5 shifts whats going on !!!!!!!!!!!

I have had bad luck before but this is very strange

[BRADLEYPLOOF]

I'm mining with 2Th/s
and no blocks in the last 5 shifts whats going on !!!!!!!!!!!

I have had bad luck before but this is very strange

The current network hash rate is about 1000 times what you've got and the difficulty is now ridiculous, so not having any blocks with 2TH is nothing to cry about.  You could be like me and mine for shares because you couldn't afford a 2Th unit and never in your entire mining career hit a block.  I figure anything is better than nothing and at this point the only point to mining is the fun of it.  There will be no way to make a profit unless you're a pool operator, like Eleutheria,  or you're selling mining equipment.  Those are THE only two ways to break even or make profit within the mining aspect of bitcoin.  If you want to make bitcoin, make something that people are willing to pay bitcoin for and sell that shit.

[ManeBjorn]

Add to that sheer variance has been killing us the last week or so it adds up to a long time between payouts.
At least he is not solo mining with only 2 th/s then there would be no chance for anything.
I'm like you I only have 100 gh/s I cobbled together over time.  I just do not have the money to buy anything else.

I'm mining with 2Th/s
and no blocks in the last 5 shifts whats going on !!!!!!!!!!!

I have had bad luck before but this is very strange

The current network hash rate is about 1000 times what you've got and the difficulty is now ridiculous, so not having any blocks with 2TH is nothing to cry about.  You could be like me and mine for shares because you couldn't afford a 2Th unit and never in your entire mining career hit a block.  I figure anything is better than nothing and at this point the only point to mining is the fun of it.  There will be no way to make a profit unless you're a pool operator, like Eleutheria,  or you're selling mining equipment.  Those are THE only two ways to break even or make profit within the mining aspect of bitcoin.  If you want to make bitcoin, make something that people are willing to pay bitcoin for and sell that shit.

[pjcltd]

Add to that sheer variance has been killing us the last week or so it adds up to a long time between payouts.
At least he is not solo mining with only 2 th/s then there would be no chance for anything.
I'm like you I only have 100 gh/s I cobbled together over time.  I just do not have the money to buy anything else.

I'm mining with 2Th/s
and no blocks in the last 5 shifts whats going on !!!!!!!!!!!

I have had bad luck before but this is very strange

The current network hash rate is about 1000 times what you've got and the difficulty is now ridiculous, so not having any blocks with 2TH is nothing to cry about.  You could be like me and mine for shares because you couldn't afford a 2Th unit and never in your entire mining career hit a block.  I figure anything is better than nothing and at this point the only point to mining is the fun of it.  There will be no way to make a profit unless you're a pool operator, like Eleutheria,  or you're selling mining equipment.  Those are THE only two ways to break even or make profit within the mining aspect of bitcoin.  If you want to make bitcoin, make something that people are willing to pay bitcoin for and sell that shit.

im sure that in one of these shifts there must be a block !!!!
If I don't get anything then there is no point in mining BTC any more

[eleuthria]

At BTC Guild's current shift length and the network difficulty, the AVERAGE blocks for a shift (once closed) is between 10 and 11.  This means if the pool has a really long block, you can see 5-8 of the most recent open shifts with 0 blocks.

Right now we're at a little under 6 hours without a block.  Not exactly hard to believe, that's only ~6x difficulty, something which happens at least once a month (probably more).

[ManeBjorn]

It looks like ghash has been getting a majority of them the last 6 hrs.
Our luck will change and eventually variance will bring it back to us.

Add to that sheer variance has been killing us the last week or so it adds up to a long time between payouts.
At least he is not solo mining with only 2 th/s then there would be no chance for anything.
I'm like you I only have 100 gh/s I cobbled together over time.  I just do not have the money to buy anything else.

I'm mining with 2Th/s
and no blocks in the last 5 shifts whats going on !!!!!!!!!!!

I have had bad luck before but this is very strange

The current network hash rate is about 1000 times what you've got and the difficulty is now ridiculous, so not having any blocks with 2TH is nothing to cry about.  You could be like me and mine for shares because you couldn't afford a 2Th unit and never in your entire mining career hit a block.  I figure anything is better than nothing and at this point the only point to mining is the fun of it.  There will be no way to make a profit unless you're a pool operator, like Eleutheria,  or you're selling mining equipment.  Those are THE only two ways to break even or make profit within the mining aspect of bitcoin.  If you want to make bitcoin, make something that people are willing to pay bitcoin for and sell that shit.

im sure that in one of these shifts there must be a block !!!!
If I don't get anything then there is no point in mining BTC any more

[ManeBjorn]

We are good.
It will level out again. 

At BTC Guild's current shift length and the network difficulty, the AVERAGE blocks for a shift (once closed) is between 10 and 11.  This means if the pool has a really long block, you can see 5-8 of the most recent open shifts with 0 blocks.

Right now we're at a little under 6 hours without a block.  Not exactly hard to believe, that's only ~6x difficulty, something which happens at least once a month (probably more).

[ManeBjorn]

I do have a question that even a google search cannot seem to help me with.
The difficulty settings should I adjust them up or is leaving them default the best way to go?

[AussieHash]

[ManeBjorn]

That is funny where did you get it?

[AussieHash]

Block at last !

That is funny where did you get it?

Google

[ManeBjorn]

Cool I snagged it from you.
A block finally. 
Good news.  I hope it levels out soon.

Block at last !

That is funny where did you get it?

Google

[ericisback]

Right now we're at a little under 6 hours without a block.  Not exactly hard to believe, that's only ~6x difficulty, something which happens at least once a month (probably more).

Is there a good reference where I can learn about the relationship between the time between blocks, the pool size, and network difficulty?  Specifically, how can I look at this info and see if the time is 2x difficulity etc.?  Thanks.

[eleuthria]

Right now we're at a little under 6 hours without a block.  Not exactly hard to believe, that's only ~6x difficulty, something which happens at least once a month (probably more).

Is there a good reference where I can learn about the relationship between the time between blocks, the pool size, and network difficulty?  Specifically, how can I look at this info and see if the time is 2x difficulity etc.?  Thanks.

I mostly just report with "napkin math" figures.  I did bump the shift share count up slightly, but prior to my post:

Shifts were taking ~55 minutes, with a shift length of ~4 billion shares.  The translates to ~4.3 billion shares per hour.  Current network difficulty is ~3.8 billion.  The last block for the pool (at the time of my post) was 6 hours ago.  That means we had done approximately 25.8 billion shares, which is ~6.7 times the current network difficulty.


The even easier version (doesn't factor in the current shift):  Check how many open shifts currently have 0 blocks.  Multiply that by shift length (4 billion as of my previous post, 4.5 billion going forward), and compare that number to network diff.

[AussieHash]

Pool hashrate 5258TH/s, should earn 693btc/d,
= 1.155 blocks/hour = block every 52mins