MoparMiningLLC
aka Stryfe
Legendary
Online
Activity: 2240
Merit: 2383
EIN: 82-3893490
|
|
October 03, 2019, 12:14:34 PM Last edit: October 04, 2019, 01:27:31 AM by frodocooper |
|
... To anyone attending WDMS in Frankfurt this year, the entire NovaBlock team will be attending, please send us a PM on here and we can try to arrange a meet up. Thanks to everyone for being so welcoming to our pool. I would love to go but I doubt I will be - I wish they would hold one of these things in the US - much easier for me to get the time to attend.
|
|
|
|
Steamtyme
Legendary
Offline
Activity: 1554
Merit: 2037
|
|
October 04, 2019, 03:00:40 AM Last edit: October 05, 2019, 03:12:10 AM by frodocooper |
|
I hear yah, Maybe I can time an anniversary gift to the wife with one of these conferences by accident in the next couple years. I do still owe her a proper honeymoon. Apart from that I have updated my review thread with a 5 day earnings comparison. I also included a link to the spreadsheet I'm using. Here is the post. I have also downloaded the App on my phone and will discuss it more once I am more familiar with it.
|
░░░░░▄▄██████▄▄ ░░▄████▀▀▀▀▀▀████▄ ░███▀░░░░░░░░░░▀█▀█ ███░░░▄██████▄▄░░░██ ░░░░░█████████░░░░██▌ ░░░░█████████████████ ░░░░█████████████████ ░░░░░████████████████ ███▄░░▀██████▀░░░███ █▀█▄▄░░░░░░░░░░▄███ ░░▀████▄▄▄▄▄▄████▀ ░░░░░▀▀██████▀▀
| Ripmixer ░░░░░▄▄██████▄▄ ░░▄████▀▀▀▀▀▀████▄ ░███▀░░░░░░░░░░▀█▀█ ███░░░▄██████▄▄░░░██ ░░░░░█████████░░░░██▌ ░░░░█████████████████ ░░░░█████████████████ ░░░░░████████████████ ███▄░░▀██████▀░░░███ █▀█▄▄░░░░░░░░░░▄███ ░░▀████▄▄▄▄▄▄████▀ ░░░░░▀▀██████▀▀
|
|
|
|
MoparMiningLLC
aka Stryfe
Legendary
Online
Activity: 2240
Merit: 2383
EIN: 82-3893490
|
|
October 04, 2019, 03:50:26 AM Last edit: October 05, 2019, 03:11:40 AM by frodocooper Merited by frodocooper (4) |
|
15 days in and here are my results - so far NovaBlock is more profitable but just by a small margin. Will need to also consider there is currently no fee for my mining on NovaBlock, add in NovaBlocks 2.5% fee and consider ViaBTC's merged mining and ViaBTC would be ahead. I will provide 2 more comparisons and then will provide an actual more in depth review of their site as well as the app. I will state that both app and website are functioning and neither are difficult to navigate.
|
|
|
|
Freemine-001010
Member
Offline
Activity: 139
Merit: 46
|
|
October 04, 2019, 04:25:49 AM |
|
im also trying nova, looks nice, like the app ,
are the fees waived untill 2000 ph ?
|
|
|
|
Steamtyme
Legendary
Offline
Activity: 1554
Merit: 2037
|
|
October 04, 2019, 04:31:43 AM |
|
No the fee is reduced to 2.5% until the pool reaches 2000PH. If reviewing the pool through Vincent the fee is reduced to 0% for 1 month while conducting the review.
|
░░░░░▄▄██████▄▄ ░░▄████▀▀▀▀▀▀████▄ ░███▀░░░░░░░░░░▀█▀█ ███░░░▄██████▄▄░░░██ ░░░░░█████████░░░░██▌ ░░░░█████████████████ ░░░░█████████████████ ░░░░░████████████████ ███▄░░▀██████▀░░░███ █▀█▄▄░░░░░░░░░░▄███ ░░▀████▄▄▄▄▄▄████▀ ░░░░░▀▀██████▀▀
| Ripmixer ░░░░░▄▄██████▄▄ ░░▄████▀▀▀▀▀▀████▄ ░███▀░░░░░░░░░░▀█▀█ ███░░░▄██████▄▄░░░██ ░░░░░█████████░░░░██▌ ░░░░█████████████████ ░░░░█████████████████ ░░░░░████████████████ ███▄░░▀██████▀░░░███ █▀█▄▄░░░░░░░░░░▄███ ░░▀████▄▄▄▄▄▄████▀ ░░░░░▀▀██████▀▀
|
|
|
|
NovaBLock.com (OP)
Copper Member
Newbie
Offline
Activity: 20
Merit: 5
|
|
October 04, 2019, 04:13:15 PM |
|
ReferralsAt NovaBlock, we strive to make everyone as profitable as possible and spread the wealth! This is why we are now excited to introduce the new NovaBlock Referral Program (NRP). To spread the name of NovaBlock to everyone we are offering a reward for anyone that introduces new clients to our pool. Please let me know if you're interested in joining this program. As we roll this out initially, we will focus mainly on referrals with greater than 5 PH. This is to ensure that we do not receive too much volume where we can't keep up/keep track of payments and referrals. We will slowly decrease the minimum size referral as we get more comfortable and streamline this system. PM here if you are interested and we can send you a contract. _______________________________________________________________________________ ___________________________________________ Merged Mining
We have heard your feedback, our goal is to make mining as simple and profitable as possible. We will have an exciting announcement regarding merged mining coming soon in the next week or two. Look forward to it _______________________________________________________________________________ ___________________________________________ Keep on letting us know what we can do better. If it can make everyone more profitable, we will implement changes right away. We have a team dedicated to updating our pool and make changes/upgrades as need be.
|
Novablock.com, the most profitable mining pool Try now for 0 pool fees. PM for more information.
|
|
|
wndsnb
|
|
October 04, 2019, 07:01:29 PM |
|
What is your roadmap for fees after 2000PH? Also, would you consider adding a PPLNS payout at a lower fee?
|
Have some dead Bitmain 17 series hashboards or full miners? I'll buy them ... send me a PM with what you have and I'll make you an offer!
|
|
|
Freemine-001010
Member
Offline
Activity: 139
Merit: 46
|
|
October 04, 2019, 07:39:10 PM Last edit: October 05, 2019, 03:13:15 AM by frodocooper |
|
the block explorer is not updating very fast , hasn't registered the 2 blocks found on 10/4 597,797 597,798
also could you introduce a auto refresh feature on the workers dashboard page, as i have to refresh it manually to see the current hash rate of my workers
and a request on the pool stats could you put a marker on the graph / timeline to denote when blocks are found
Thanks
FREEMINE
|
|
|
|
Inverse756
Newbie
Offline
Activity: 7
Merit: 0
|
|
October 04, 2019, 11:14:56 PM |
|
Hello Can not find infornation about blocks reach on your pool Saw explorer here https://btc.com/stats/pool/NovaBlockSo on average pool finds 2 bloks per day with 700Ph Even without addition rewards for commission it's 12.5 x 2 =25BTC 25BTC / 700 000Th = 0.00003571BTC/Th/day But calculator on your pool show 0.00001987BTC/Th/day What 2.5% for your commition from blocks rewards you tallking about? 0.00003571BTC/Th/day & 0.00001987BTC/Th/day it's about 45%
|
|
|
|
TheYankeesWin!
|
|
October 05, 2019, 12:11:42 AM Last edit: October 05, 2019, 03:14:18 AM by frodocooper Merited by frodocooper (3) |
|
You don't understand pps+ pool payout. Here goes :
PPS+ takes finding block risk away from the miner and puts it on the pool.
So if novapool had insanely good luck and found 5 blocks a day you get paid based on your hash not the blocks found = good for novapool
on the other hand if novapool has really bad terrible luck and finds a block every 3 days you get paid on your hash not the blocks found. = good for you the miner
The larger a pps+ is the more risk it assumes each day if the pool has 700ph and is paying at 0.00001920 they need to pay around 13.44 btc a day as 700000th x 0.00001920 = 13.44 btc
So this pool risks a loss of 13.44 btc daily if it does not hit a block on any day.
|
|
|
|
MoparMiningLLC
aka Stryfe
Legendary
Online
Activity: 2240
Merit: 2383
EIN: 82-3893490
|
|
October 05, 2019, 01:09:39 AM Last edit: October 05, 2019, 03:14:56 AM by frodocooper |
|
also could you introduce a auto refresh feature on the workers dashboard page, as i have to refresh it manually to see the current hash rate of my workers...
Mine auto-refreshes in what seems like 30 second increments. and a request on the pool stats could you put a marker on the graph / timeline to denote when blocks are found...
I second this.
|
|
|
|
Inverse756
Newbie
Offline
Activity: 7
Merit: 0
|
|
October 05, 2019, 01:17:24 AM Last edit: October 05, 2019, 03:15:35 AM by frodocooper |
|
You don't understand pps+ pool payout. Here goes...
I clear understand all "systems" PPS, PPS+, FPPS e.t.c It was sarcasm And I understand the fact that pools (PPS, PPS+, FPPS e.t.c) around the world each day keep about 100BTC for themself from really rewards + commissions for blocks which ordinfry miners finds Just in this case stop tallking about commission 2.5% or any %, it calls some differnt way - you simplly pay as much as ready to pay for miners (shows on your calculator), and you kepp as much as you want for yourself Only in case of fair PPLNS system you can serious tallking about any % for pool from general rewards of blocks to reach
|
|
|
|
Freemine-001010
Member
Offline
Activity: 139
Merit: 46
|
|
October 05, 2019, 01:38:20 AM |
|
so seems my dashboard is stuck on 9-29 , and wont switch over to oct , anyone else have this
activity, i would like to see the profitability graphs showing some details , but its stuck on 9-29
NOVABLOCK prob needs to look into the css or code on the site and make sure its correct in keeping
up with the current time ect .
Thanks
FREEMINE
|
|
|
|
MoparMiningLLC
aka Stryfe
Legendary
Online
Activity: 2240
Merit: 2383
EIN: 82-3893490
|
|
October 05, 2019, 02:21:52 AM Last edit: October 05, 2019, 03:17:01 AM by frodocooper Merited by frodocooper (7) |
|
Their average from 8/14 to 10/01 is just over 3 blocks per day. (I am limiting to 10/1 as that is the last date showing on history page) also worth noting is that the following dates: 8/26, 9/4, 9/15, 9/16 and 9/30 are not on the history page - I would assume that means the pool found no blocks for these days - Please verify. Anyways, my view on this is as follows: Note: For all my calculations I am going to apply the daily average hashrate to the 5 days where no blocks were found. The pool has found 151 blocks in the 49 day long period of 8/14 to 10/1, the total hashrate for this period is approximately 109,287.73 PH/s or 109,287,730 TH/s and the pool has collected 1,925.732394 BTC. This would work out to an average of BTC to TH/s ratio of of .00005611 and this is the payment I would expect (minus pool fee) if this were a PPLNS pool. Unfortunately, the price to pay with being part of a PPS pool is that you may end up giving up the majority of the earned reward. But it can work both ways - use the 5 days where no blocks were found. Miners are still paid for those days. So, if a pool has a run of bad luck, the miners will be safe from losses. And if the pool has a good luck streak, the pool wins and most likely ups the reward amount to compensate. If a pool is lucky then the miners are losing out, and if the luck is terrible, the pool loses - though the pool takes the risk of going broke if the terrible luck persists which is entirely possible - having occurred with numerous pools in the past - and I believe this is why Kano always asks a PPS pool how much reserves they have. Because of this, I firmly believe that PPLNS is the best payment method. But because my reserves are low (I really gotta stop buying new equipment) and I need to make a monthly amount, I do use some PPS pools. If my reserves were sufficient to weather the ramp up or if Kanos pool was not 140-150 day to ramp up, I would have all my miners there. And that is why I am always willing to try different PPS pools to see which is most beneficial. If for any reason, my calculations are wrong or am I completely off base with my above assumptions, please do correct me.
|
|
|
|
philipma1957
Legendary
Online
Activity: 4284
Merit: 8706
'The right to privacy matters'
|
|
October 05, 2019, 03:20:27 AM Last edit: October 05, 2019, 03:26:58 AM by frodocooper |
|
I doubt very much they have luck that good. I am tired and it is late but 3 blocks a day for 50 days when they should not make 2 blocks a day means they are over 150% luck for 150 blocks . So I suspect the stats are wrong.
I think they must not be reporting the hashrate correctly. If they are and they had the luck posted I would think the odds are far more then 10000 to 1 to have luck that good.
|
|
|
|
MoparMiningLLC
aka Stryfe
Legendary
Online
Activity: 2240
Merit: 2383
EIN: 82-3893490
|
|
October 05, 2019, 03:24:02 AM Last edit: October 05, 2019, 03:27:22 AM by frodocooper |
|
I doubt very much they have luck that good. I am tired and it is late but 3 blocks a day for 50 days when they should not make 2 blocks a day means they are over 150% luck for 150 blocks . So I suspect the stats are wrong...
if so, then they are being reported wrong, I simply exported the history page. 5 days were no blocks.
|
|
|
|
philipma1957
Legendary
Online
Activity: 4284
Merit: 8706
'The right to privacy matters'
|
|
October 05, 2019, 03:28:53 AM Last edit: October 05, 2019, 12:30:14 PM by frodocooper |
|
Either blocks made are wrong Hash hashing is wrong
Or they had the luckiest streak ever
They should do and average of 1.1 blocks for each ofthose 50 days
Maybe 1.2 blocks for each of those 50 days.
They averaged 3.
So say 60 vs 150
I don’t think I have ever seen luck that good.
|
|
|
|
MoparMiningLLC
aka Stryfe
Legendary
Online
Activity: 2240
Merit: 2383
EIN: 82-3893490
|
|
October 05, 2019, 03:32:32 AM Last edit: October 05, 2019, 12:30:42 PM by frodocooper |
|
maybe i did the math wrong? check https://novablock.com/space/blockit reports in PH/s so the formula I did was simply (reward(block+transaction) divided by PH/s) then divided that by 1000 - to convert PH/s to TH/s I have been up for neigh on 24 hours so maybe I made a mistake? example: on 8/14 - they found 3 blocks so total reward was 38.39569278 BTC - I divided that by 696.23 so: ((38.39569278/696.23)/1000).
|
|
|
|
philipma1957
Legendary
Online
Activity: 4284
Merit: 8706
'The right to privacy matters'
|
|
October 05, 2019, 03:37:00 AM Last edit: October 05, 2019, 12:31:07 PM by frodocooper |
|
Tired 💤 I will look at math on sat.
|
|
|
|
wndsnb
|
|
October 05, 2019, 11:57:56 AM Last edit: October 05, 2019, 12:38:09 PM by wndsnb Merited by frodocooper (3) |
|
Looking at the period where diff was 11.891T, 9/13 to 9/26, the site shows that they found 37 blocks. 700PH for this period should average 1.18 blocks per day, or about 15.4 blocks for the 13 day period. If I did my calculation correct, it would be about 1 in 500,000 chance of hitting 37 blocks in that period when you'd expect 15.4 on average. So it definitely looks like something is wrong. The hashrate would need to be closer to 1700PH to get this number. I looked through a bunch of those blocks and the block rewards all go to the same address, 3Bmb9Jig8A5kHdDSxvDZ6eryj3AXd3swuJ. So It appears the blocks were mined by the same pool. Maybe they have ~1000PH of their own that they are not showing in their stats.
|
Have some dead Bitmain 17 series hashboards or full miners? I'll buy them ... send me a PM with what you have and I'll make you an offer!
|
|
|
|