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

[xstr8guy]

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? 

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

I'll display it proudly on my mantle! 

[teeGUMES]

gettin those S3 release sale transaction fees 

[NicholasB54]

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)

[Minor Miner]

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.   

[NicholasB54]

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

[letuslook]

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

[xstr8guy]

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

Nope.

[Majixagi]

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.

[organofcorti]

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.

[Majixagi]

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...

[organofcorti]

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.

[MoreBloodWine]

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.

[DrG]

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.

[eleuthria]

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.

[MoreBloodWine]

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.

What about this though, thoughts / concerns ?

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.

[MoreBloodWine]

Damn, comin up on almost a 12hr block.

[DrG]

All the pools must be having bad luck.  200 blocks into this difficulty and the re-target is the same as the current difficulty.  Bitminter just had a 1 day+ block and they have more hash than us right now.

And this is why PPS in the old form would kill any pool.

[hurricandave]

This is the kind of Luck that discourages me from buying more equipment if the Pool is going to struggle this bad for a share of the rewards.

[MoreBloodWine]

All the pools must be having bad luck.  200 blocks into this difficulty and the re-target is the same as the current difficulty.  Bitminter just had a 1 day+ block and they have more hash than us right now.

And this is why PPS in the old form would kill any pool.

Lol, no thy don't... they go 1.2Ph where we have a hair over 11Ph.

This is the kind of Luck that discourages me from buying more equipment if the Pool is going to struggle this bad for a share of the rewards.

I got 3Th I'll have coming online any time between this Thursday or the Monday that follows (3rd - 7th).

[guytechie]

So we are finally going to have closed shifts with no blocks found...