orenjuice5
Newbie
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Activity: 42
Merit: 0
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July 31, 2014, 10:30:51 PM |
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Thanks for the great communication and update.
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rammy2k2
Legendary
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Activity: 1974
Merit: 1003
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July 31, 2014, 10:33:15 PM |
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the scrypt pool is having some problems ? i see speeds are up and down, including mine
Most of scrypt ASICs don't support extranonce subscriptions (sadly, ASIC producers have no interests in implementing this important feature, and it is only 5min work to pull from github) - it is normal to see higher hashrate swinging on scrypt - and it gets wilder the more orders are being cancelled or getting dead. but worked just fine until yesterday, im mining here for weeks |
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crashoveride54902
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July 31, 2014, 10:40:46 PM |
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Take it easy, we are not under attack (yet), but so many miners joined us recently that we were completely unprepared for the sudden hash increase. We are working on a solution.
http://poolpicker.eu/tableavg. 12 day highest payout pool  let the flood gates open  hehe, I'm one of them now  |
Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks  |
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Hyacin75
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Activity: 53
Merit: 0
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July 31, 2014, 10:43:43 PM |
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Is there a new ASIC miner for X11 coin or something new going on??? Very odd that the hash rate went high so fast in the last couple of days
No. Did you see how long it took from the first mutterings of an scrypt ASIC to seeing the first ones? That was for a single ASIC for a single algo. X11 uses 11 algos. You'd need to design 11 ASICs, and then go through all the rest of the process of PCB design and all that ... I honestly doubt we will ever see an X11/13/15 ASIC miner. The cost would GREATLY outweigh what you could earn with it I'm sure ... |
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crashoveride54902
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July 31, 2014, 11:09:20 PM |
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Is there a new ASIC miner for X11 coin or something new going on??? Very odd that the hash rate went high so fast in the last couple of days
No. Did you see how long it took from the first mutterings of an scrypt ASIC to seeing the first ones? That was for a single ASIC for a single algo. X11 uses 11 algos. You'd need to design 11 ASICs, and then go through all the rest of the process of PCB design and all that ... I honestly doubt we will ever see an X11/13/15 ASIC miner. The cost would GREATLY outweigh what you could earn with it I'm sure ... they said the same thing about scrypt asic's but look at us now hehe nobody but the asic companies knows the true price it costs to pump these units out...and if their making tons of money off ltc asic's they just might do it to try  |
Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks |
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Tripjammer
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July 31, 2014, 11:18:05 PM |
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Is there a new ASIC miner for X11 coin or something new going on??? Very odd that the hash rate went high so fast in the last couple of days
No. Did you see how long it took from the first mutterings of an scrypt ASIC to seeing the first ones? That was for a single ASIC for a single algo. X11 uses 11 algos. You'd need to design 11 ASICs, and then go through all the rest of the process of PCB design and all that ... I honestly doubt we will ever see an X11/13/15 ASIC miner. The cost would GREATLY outweigh what you could earn with it I'm sure ... they said the same thing about scrypt asic's but look at us now hehe nobody but the asic companies knows the true price it costs to pump these units out...and if their making tons of money off ltc asic's they just might do it to try X11/13/15 coins are not profitable enough to for hardware vendors to make a asic chip that will mine them. Maybe in a few years... Everybody is just swinging back an forth between script asics and sha256 asics... |
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Tripjammer
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July 31, 2014, 11:19:28 PM |
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Looks like resetting my asics scrypt mining rigs did the trick...things are hashing much better now.
NiceHash rocks!
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Tripjammer
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August 01, 2014, 12:08:51 AM |
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Looks like the front end is down again....
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nicehashdev
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August 01, 2014, 12:16:19 AM |
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We are under such heavy load (just check 100+ ghs on x11) that server is barely pumping any juice. But tomorrow, this will be improved.
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crashoveride54902
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August 01, 2014, 12:25:58 AM |
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We are under such heavy load (just check 100+ ghs on x11) that server is barely pumping any juice. But tomorrow, this will be improved.
holy crap that escalated quickly lol...need moah powah scotty!!! anyway we could get a zoom on the graph stats page? |
Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks |
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orenjuice5
Newbie
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Activity: 42
Merit: 0
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August 01, 2014, 12:37:05 AM |
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The problem with so much hash available now the revenue is getting lower fast too ):
Law of economics, high supply means lower price
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torontominer
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Activity: 35
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August 01, 2014, 01:15:34 AM |
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the law doesnt apply
the only reason the profit went down is because buyers cant refill their orders
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randol_8o8
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Activity: 19
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August 01, 2014, 01:45:43 AM |
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website broken?
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crashoveride54902
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August 01, 2014, 02:06:10 AM
Last edit: August 01, 2014, 02:32:59 AM by crashoveride54902 |
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website broken?
read the thread and maybe you'll find out...couple of comments ^^^that way maybe put a limit on x11 til ya get it sorted out? idk if ya can even do that... all this is giving me weird diff. rates even thou i put d= for password...is that not being honored anymore? Accepted ff368500 Diff 4.68K/4096 for 27mh/s is a bit much since i have it set for 512 |
Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks |
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Hyacin75
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Activity: 53
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August 01, 2014, 03:22:06 AM |
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all this is giving me weird diff. rates even thou i put d= for password...is that not being honored anymore?
read the thread and maybe you'll find out...couple of comments ^^^that way
I, just couldn't resist ... your answer is up there with his |
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kenshirothefist (OP)
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August 01, 2014, 04:14:43 AM |
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Providers and Buyers, we are pleased to announce WestHast.com[/b]]WestHast.com - geographically separated system, running as a whole under global NiceHash.com master system. WestHash.com brings attractive opportunities for providers as well as for buyers. Market is independent from the NiceHash.com, however accounting, payments and everything else is fully integrated into a single system. We delivered WestHash.com to come closer to all those miners and end-target pools, located in western and central USA - to provide better efficiency and also to shuffle the market a bit. And yes, you guessed, in the near future we will also cover Asia by introducing AsiaHash.com. Stay tuned!  We welcome you to try our new WestHash.com system: Buyers - you can place orders just the same as you are doing it on NiceHash, with the same accounts and the same online wallet.Providers - you can point miners to stratum.westhash.com with the same rules that applies on NiceHash as well (same ports, multi-algo, etc.). We wish you lot's of fun and profit by using our global professional cryptocurrency cloud mining service! Thank you! |
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orenjuice5
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August 01, 2014, 04:34:59 AM |
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Thats very nice, but are you going to try to monitor the revenue so they both system will stay close to one another or is it going to be a "free market" where one site can be paying 1BTC/GH/Day and the other 6BTC/GH/DAY on the alog's???
Please let us know, I see right now the X11 paying about 1 BTC/GH/DAY and on Nicehash we are around 0.50... I am sure its due to the fact that we are just starting, but any thoughts on these
Thanks
oren
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Hyacin75
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August 01, 2014, 04:38:24 AM |
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Thats very nice, but are you going to try to monitor the revenue so they both system will stay close to one another or is it going to be a "free market" where one site can be paying 1BTC/GH/Day and the other 6BTC/GH/DAY on the alog's???
Please let us know, I see right now the X11 paying about 1 BTC/GH/DAY and on Nicehash we are around 0.50... I am sure its due to the fact that we are just starting, but any thoughts on these
Thanks
oren
Yeah, that's a problem because the multialgo doesn't talk ... I can set a price threshold on both, great, but if I set to say > 0.05 or whatever, and they are both > 0.05, but say WH is 0.1 and NH is 0.2, I'm going to be working whichever is higher in my priority list, which may not be the one which is more profitable ... I switched all my rigs to point to westhash as primary after seeing this announcement, but now I'm wondering if that was a bad idea since NH could be paying better at any given time ... |
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orenjuice5
Newbie
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August 01, 2014, 04:45:59 AM |
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Yes, right now West has a higher payout because of that order at 2BTC/GH/Day on X11 but I am sure this order was placed by the owner of the great web site to lure people into switching to west...
The question will be what will happen when that order runs out, I see the next order is at 0.20 BTC which is actually getting filled.
if you look at nicehash side that order has no chance of getting filled now, actually there isn't an order under 0.50 that is getting filled..
So for right now Westhash is great for buyers but not sellers...
I am assuming the owner will keep the nice 2.0 BTC order up there until things even out but we will see what will happen when that order is gone...
I guess I need to add to my list of pools to check out WestHash and Nice Hash to see which is more profitable...
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