Wenzel745
Member
 Offline
Activity: 61
Merit: 10
I'll use crypto to buy a Fiat
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March 29, 2014, 05:24:18 PM |
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Say to mine 1 BTC it costs a total of $510 and lets also say current value of BTC is $500. So to mine 1 BTC is COSTS you $10. So you are mining at a loss of $10 per BTC.
Now you could invest that $10 in saving into buying BTC or you could mine at a loss of $10 per BTC to sell them at a higher price later.
So I was saying it would cost $510 to mine 1 BTC that right now is worth $500. But say in 1 month it could be $650. So $140 profit.
It's all speculation of FUTURE value of a coin. But it CAN MAKE A LOT OF SENSE TO MINE AT A "PRESENT" LOSS!
Okay, so it costs you $510 to mine 1 BTC. Why is the alternative to only invest $10 in buying BTC? The alternative is to invest $510 in buying BTC, as that is what you have saved if you turn your equipment off. Mining scenario - invest $510 to receive 1 BTC, value increases to $650, $140 profit Invest via exchange scenario - invest $510 to receive 1.02 BTC, value increases to $663, $153 profit When you mine you are converting fiat into coins via the cost of electricity, it never makes sense to pay more in electricity than you could get the same coins for from an exchange. Doh, yea that does more sense  Although at only $10 difference on a $500 coin it's probably a toss up due to brokerage fees. But yea I forgot the "true" cost to get that 1 BTC was $510. BTW, any idea the best place (fee wise) to convert FIAT to BTC or other coins? As an Example getcoincafe.com charges 6%. In this case it's still better to mine at a loss then pay brokerage fees. I had a pretty good experience with coinbase.com, but the delivery time takes a LOOOOONG time. |
BTC: 163pZXhATaWiuGAX9o9y6PuKCF8ipDWnJH
HVC: HJWFdgUJPEw1oiLckBFPBzs8vCTLokCGgd
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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zhpool
Member
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Activity: 152
Merit: 10
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March 29, 2014, 05:50:17 PM |
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That is a risk to our pool, we will try to contact this miner and confirm he is not faking this hashrate with some special method which is already known to us, if no response from him received , we will have to ban this miner. We have been keeping our eyes on you, don't try to fu*k us and our miners! |
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Miki77
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March 29, 2014, 05:50:27 PM |
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can we have the miner in the original post?
that miner in the pool is full of trojan
Full of what? Win!  |
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zhpool
Member
Offline
Activity: 152
Merit: 10
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March 29, 2014, 06:18:31 PM |
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That is a risk to our pool, we will try to contact this miner and confirm he is not faking this hashrate with some special method which is already known to us, if no response from him received , we will have to ban this miner. We have been keeping our eyes on you, don't try to fu*k us and our miners! Hey potential "thief", if you read this, we have banned you. We won't let you in until you contact us and prove your hash power. We have closed our registration at the present , sorry to new miners |
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con
Newbie
Offline
Activity: 24
Merit: 0
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March 29, 2014, 06:37:13 PM |
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That is a risk to our pool, we will try to contact this miner and confirm he is not faking this hashrate with some special method which is already known to us, if no response from him received , we will have to ban this miner. We have been keeping our eyes on you, don't try to fu*k us and our miners! Hey potential "thief", if you read this, we have banned you. We won't let you in until you contact us and prove your hash power. We have closed our registration at the present , sorry to new miners Quite easy to check: Nr of blocks found vs hashrate vs global hashrate. No 'marginal' differences, then no problem. if you do 1/3 of the pool it is noticable if you cheat ... |
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con
Newbie
Offline
Activity: 24
Merit: 0
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March 29, 2014, 06:39:26 PM |
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now normal result 290x - 23500, 290 - 21000, 280x - 16000, 270 - 9500 ?
I get around 22000 from a 290 @ 1100MHz and a 7750 @ 3.9 MH/s @ 950MHz |
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zhpool
Member
Offline
Activity: 152
Merit: 10
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March 29, 2014, 06:41:48 PM
Last edit: March 30, 2014, 03:14:01 AM by zhpool |
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That is a risk to our pool, we will try to contact this miner and confirm he is not faking this hashrate with some special method which is already known to us, if no response from him received , we will have to ban this miner. We have been keeping our eyes on you, don't try to fu*k us and our miners! Hey potential "thief", if you read this, we have banned you. We won't let you in until you contact us and prove your hash power. We have closed our registration at the present , sorry to new miners Quite easy to check: Nr of blocks found vs hashrate vs global hashrate. No 'marginal' differences, then no problem. if you do 1/3 of the pool it is noticable if you cheat ... Yes, you are right, but we cannot wait too long time to give him the chance steal from us, we have to protect our miners's coins We have banned all his accounts, and we have closed our new user registration right now. Any new miner who'd like to join us, please send mail to support@zhpool.comEDIT: Your application should include 1. user name 2. email 3. est hash rate to join Sorry for any inconvenience Yours, zhpool EDIT: registration is open again, we will keep monitoring , thanks |
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massiveman
Member
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Activity: 112
Merit: 10
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March 29, 2014, 07:59:46 PM |
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Brad where's this article?  |
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bradmurmz
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March 29, 2014, 09:36:14 PM |
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Brad where's this article? Well, I'm not writing it, so I cant say for sure.. but I was just interviewed Friday by a really cool reporter at a "very large" tech blog about the KWG TW exploits among other things crypto. I was explaining how HVC already has a solution out in the wild as well as some of the other innovations it offers. Pretty sure the article will be released early next week now, and should provide a lot of good exposure Probably shouldn't have said anything here though since I have no control over the articles content or release... just got excited. |
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massiveman
Member
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Activity: 112
Merit: 10
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March 29, 2014, 09:39:57 PM |
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Brad where's this article? Well, I'm not writing it, so I cant say for sure.. but I was just interviewed Friday by a really cool reporter at a "very large" tech blog about the KWG TW exploits among other things crypto. I was explaining how HVC already has a solution out in the wild as well as some of the other innovations it offers. Pretty sure the article will be released early next week now, and should provide a lot of good exposure Probably should have said anything here though since I have no control over the articles content or release... just got excited. wicked, well done mate. |
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SimkoMiner
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March 29, 2014, 09:49:11 PM |
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@Reorder: are you working on next version of CGMiner now? :-) When can we expect it? I hope not somewhen in the middle of night (EU timezone). Last time when I woke up, the 2014-03-27 version was already 6 hours out. :-) Would be good to publish at some more convenient time when EU,US and ASIA are not sleeping so that all miners have more or less the same chances to download it at the same time. (well, if you tell me release time, I will set-up a buzzer. ) |
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tinus42
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March 29, 2014, 09:52:46 PM |
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Anybody mining at heavycoinpool.com? My estimated payout has been hovering around 3 for 8 hours... Are there such things as never ending rounds?  Frustrating. 11m/hash - 3 coins in 8 hours. Almost zero invalids and a decent share rate. i left that pool after only getting 24 coins in 8 hrs at 124 mh/s. I left after spending a week to get 50 coins with my 15MH/s... Damn. I'm glad it's not just me... but what's up with that? Small pool size? I've tried just about every pool. Currently at 1GH. Lack of dashboard means I'll have to wait another 24 hours to get a good feel for profitability. :fingerscrossed:  With 1GH you can check your balance at the following URL: http://hvc.1gh.com/user?wallet=YOURHEAVYCOINADDRESSpaste your Heavycoin address in the URL at YOURHEAVYCOINADDRESS |
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pdaddy
Newbie
Offline
Activity: 50
Merit: 0
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March 29, 2014, 10:38:18 PM |
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Say to mine 1 BTC it costs a total of $510 and lets also say current value of BTC is $500. So to mine 1 BTC is COSTS you $10. So you are mining at a loss of $10 per BTC.
Now you could invest that $10 in saving into buying BTC or you could mine at a loss of $10 per BTC to sell them at a higher price later.
So I was saying it would cost $510 to mine 1 BTC that right now is worth $500. But say in 1 month it could be $650. So $140 profit.
It's all speculation of FUTURE value of a coin. But it CAN MAKE A LOT OF SENSE TO MINE AT A "PRESENT" LOSS!
Okay, so it costs you $510 to mine 1 BTC. Why is the alternative to only invest $10 in buying BTC? The alternative is to invest $510 in buying BTC, as that is what you have saved if you turn your equipment off. Mining scenario - invest $510 to receive 1 BTC, value increases to $650, $140 profit Invest via exchange scenario - invest $510 to receive 1.02 BTC, value increases to $663, $153 profit When you mine you are converting fiat into coins via the cost of electricity, it never makes sense to pay more in electricity than you could get the same coins for from an exchange. Doh, yea that does more sense I use justcoin.com, they are great and don't charge you anywhere near as much. Although at only $10 difference on a $500 coin it's probably a toss up due to brokerage fees. But yea I forgot the "true" cost to get that 1 BTC was $510. BTW, any idea the best place (fee wise) to convert FIAT to BTC or other coins? As an Example getcoincafe.com charges 6%. In this case it's still better to mine at a loss then pay brokerage fees. |
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Wenzel745
Member
Offline
Activity: 61
Merit: 10
I'll use crypto to buy a Fiat
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March 29, 2014, 10:40:34 PM |
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@Reorder: are you working on next version of CGMiner now? :-) When can we expect it? I hope not somewhen in the middle of night (EU timezone). Last time when I woke up, the 2014-03-27 version was already 6 hours out. :-) Would be good to publish at some more convenient time when EU,US and ASIA are not sleeping so that all miners have more or less the same chances to download it at the same time. (well, if you tell me release time, I will set-up a buzzer. ) Soo... Never? If we want to be truly fair you have to make sure Hawaii and the Philippines don't get shorted either  |
BTC: 163pZXhATaWiuGAX9o9y6PuKCF8ipDWnJH
HVC: HJWFdgUJPEw1oiLckBFPBzs8vCTLokCGgd
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TheRealSteve
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March 29, 2014, 11:03:17 PM |
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Considering it's a project at Github, I'd imagine that those particularly worried about others having a 6-9 hour lead (.. Europe's doing that daylight savings thing tonight, right?) could simply set up a cron job to check the repo and, upon commits, automatically grab it, compile it, run it, and check output to make sure you didn't just compile something that was part of a multi-stage commit / performance is worse).
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reorder
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March 29, 2014, 11:20:42 PM |
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@Reorder: are you working on next version of CGMiner now? :-) When can we expect it? I hope not somewhen in the middle of night (EU timezone). Last time when I woke up, the 2014-03-27 version was already 6 hours out. :-) Would be good to publish at some more convenient time when EU,US and ASIA are not sleeping so that all miners have more or less the same chances to download it at the same time. (well, if you tell me release time, I will set-up a buzzer. ) Done when it's done I have only 5-7% improvement to this moment, and feel like there is more to crank out of it, but it is all trial and error now. |
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reorder
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March 29, 2014, 11:22:57 PM |
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Considering it's a project at Github, I'd imagine that those particularly worried about others having a 6-9 hour lead (.. Europe's doing that daylight savings thing tonight, right?) could simply set up a cron job to check the repo and, upon commits, automatically grab it, compile it, run it, and check output to make sure you didn't just compile something that was part of a multi-stage commit / performance is worse).
I think you get some notification from github when a project you have in favourites changes, but I may be wrong. |
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Rasdisputin
Newbie
Offline
Activity: 39
Merit: 0
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March 30, 2014, 03:06:06 AM |
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Anybody mining at heavycoinpool.com? My estimated payout has been hovering around 3 for 8 hours... Are there such things as never ending rounds? Frustrating. 11m/hash - 3 coins in 8 hours. Almost zero invalids and a decent share rate. i left that pool after only getting 24 coins in 8 hrs at 124 mh/s. I left after spending a week to get 50 coins with my 15MH/s... Damn. I'm glad it's not just me... but what's up with that? Small pool size? I've tried just about every pool. Currently at 1GH. Lack of dashboard means I'll have to wait another 24 hours to get a good feel for profitability. :fingerscrossed: With 1GH you can check your balance at the following URL: http://hvc.1gh.com/user?wallet=YOURHEAVYCOINADDRESSpaste your Heavycoin address in the URL at YOURHEAVYCOINADDRESS Ahhh, very cool. Thank you! |
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jakiman
Legendary
Offline
Activity: 1638
Merit: 1011
jakiman is back!
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March 30, 2014, 05:53:37 AM
Last edit: March 30, 2014, 06:48:52 AM by jakiman |
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1GH added new Asia servers. I get much better ping times to it.
Was around 260ms to the US server but now down to 170ms for me.
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TheRealSteve
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March 30, 2014, 08:45:19 AM |
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Pool hash rates and miners| pool | rate (Mh/s)* | delta*** | % of network | miners** | rate/miner | | payout | | http://hvc.1gh.com/ | 52,891.61 | -2,209.28 | 53.14 | | | 1 | RBPPS | | http://heavycoin.zhpool.com/ | 38,619.38 | -210.17 | 38.8 | 681.2 | 56.69 | 1 | PPLNS | | http://heavycoin.miningpoolhub.com/ | 5,874.53 | 44.86 | 5.9 | 84 | 69.93 | 1 | PROP | | https://heavycoinpool.com/ | 1,412.63 | -298.17 | 1.42 | 127.9 | 11.04 | 0 | PROP | | http://hvc.nonce-pool.com/ | 1,043.51 | -1.10 | 1.05 | 70.1 | 14.89 | 1 | PPLNS | | http://heavy.stablehash.com/ | 0.00 | 0.00 | 0 | 0 | 0 | 1 | PROP | | https://hvc.crunchharder.net/ | 0.00 | 0.00 | 0 | 0 | 0 | 2 | PPLNS | | total | 99,841.66 | -2,673.86 | | | | | | | network rate | 99,540 | 5,940 |
* due to rate variability displayed through pool statistics pages, rates are based on average of 10 samples over the past hour** miner count for 1gh unavailable*** Delta since last update Spot this post: 506774.msg5970371#msg5970371
1gh Top stats
| ___Top_100___ | | ___Top_10___ | | | Total: | 34,051.87 Mhash/s | Total: | 8,870.05 Mhash/s | | % of pool: | 64.4% | % of pool: | 16.8% | | % of network: | 34.1% | % of network: | 8.9% | | Mean rate: | 340.52 Mhash/s | Mean rate: | 887.01 Mhash/s | | Median rate: | 253.51 Mhash/s | Median rate: | 851.80 Mhash/s | | Mode(10) rate: | 130 Mhash/s | Mode(100) rate: | 700 Mhash/s |
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Block progression| overall | 1gh | hvcpool | noncepool | zhpool | poolhub | other | total | | Blocks | 4489 | 150 | 220 | 1222 | 246 | 2 | 6329 | | Percent | 70.9 | 2.4 | 3.5 | 19.3 | 3.9 | 0 | 100 | | hash_rate | 36580 | 1622 | 1363 | 13494 | 4284 | 12 | 57355 | | Percent | 63.8 | 2.8 | 2.4 | 23.5 | 7.5 | 0 | 100 |
 Spot the DST change in Europe
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