kano
Legendary
 Offline
Activity: 4480
Merit: 1800
Linux since 1997 RedHat 4
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May 01, 2015, 11:12:45 PM |
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Has anyone hit renting with nice or west hash? I have spent quit a bit of coin attempting it. not 40 or 50 maybe 10 btc
Curious to know how many of the 41 blocks have been hit by nice-west hash rentals.
For instance 727miner used MRR
I threw 3 BTC over the past 2 weeks on and off from westhash about 0.0097avg, no wins. Does anyone have a calculation how many TH should one rent for a day to have an equal chance (50%/50%) hitting or not hitting a block? Well ... if you put a pool (or miner) hash rate into mine it will tell you how many BTC you should expect to make each day at the pool (and the miner) So ... you can work it out pretty easily. http://tradebtc.net/bitcalc.phpIt says ... 1184THs should average just over 0.5 blocks a day at a pool (you put in any number X for the pool hash rate then look at the number of blocks it says the pool will find Y then: X * 0.5 / Y) |
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jonnybravo0311
Legendary
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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May 01, 2015, 11:13:51 PM |
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Has anyone hit renting with nice or west hash? I have spent quit a bit of coin attempting it. not 40 or 50 maybe 10 btc
Curious to know how many of the 41 blocks have been hit by nice-west hash rentals.
For instance 727miner used MRR
I threw 3 BTC over the past 2 weeks on and off from westhash about 0.0097avg, no wins. Does anyone have a calculation how many TH should one rent for a day to have an equal chance (50%/50%) hitting or not hitting a block? Easy... To have a 50% chance of hitting a block in a day means you would want enough hash to expect to find a block in 2 days... 47610564513 * 2^32 / 172800 = hash rate = 1.1833669995801 PH/s
So you'd need to rent just about 1.2PH to have a 50% expected chance of hitting a block in a day. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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ezeminer
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Activity: 2184
Merit: 1118
Lie down. Have a cookie
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May 02, 2015, 01:14:56 AM |
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I was wondering if anyone would do a group hash rental on westhash. Divided we have a lesser chance, but together there is a greater chance.
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jcumins
Full Member
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Activity: 312
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
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May 02, 2015, 01:50:07 AM |
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Question. I know on the P2P forms they recommend that we set the cgminer options to = queue= 0 or 1 what or recommended for the solo pool for best performance.
Thanks
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727miner
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May 02, 2015, 02:36:59 AM |
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CK, is your server's datacenter having issues tonight? I've had alot of my rentals failover to their backup pool (kano's) several times over the last couple of hours. Just curious if you saw anything or not?
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-ck (OP)
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Activity: 4088
Merit: 1631
Ruu \o/
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May 02, 2015, 02:39:56 AM |
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CK, is your server's datacenter having issues tonight? I've had alot of my rentals failover to their backup pool (kano's) several times over the last couple of hours. Just curious if you saw anything or not?
Seems ok but I'll give the pool a kick in the arse to bring it in line with current code just in case. |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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727miner
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May 02, 2015, 02:49:19 AM |
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CK, is your server's datacenter having issues tonight? I've had alot of my rentals failover to their backup pool (kano's) several times over the last couple of hours. Just curious if you saw anything or not?
Seems ok but I'll give the pool a kick in the arse to bring it in line with current code just in case. Thanks, they're all back and happy now. I think MRR temporarily blocks a pool for 10 minutes if it can't connect to it (not sure what their threshold is) so it could be on their end, I just noticed it happened a few times tonight. |
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-ck (OP)
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Activity: 4088
Merit: 1631
Ruu \o/
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May 02, 2015, 03:05:04 AM |
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Thanks, they're all back and happy now. I think MRR temporarily blocks a pool for 10 minutes if it can't connect to it (not sure what their threshold is) so it could be on their end, I just noticed it happened a few times tonight.
With all the recent bug tracking I was doing on Kano's pool and finally sorted the problems, this pool had ended up in an intermediate code point between the old and new when I last restarted it so it probably wasn't running ideal. |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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kilo17
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Activity: 980
Merit: 1001
aka "whocares"
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May 02, 2015, 03:46:20 AM |
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so the million dollar question is - If I mine with 1 Ph for 24 hours, does it have the same odds as 2 Ph for 12 hours for finding a block? I know it appears to be the same but I would suspect that there is actually a difference - but I am not a statistics guy  |
Bitcoin Will Only Succeed If The Community That Supports It Gets Support - Support Home Miners & Mining
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-ck (OP)
Legendary
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Activity: 4088
Merit: 1631
Ruu \o/
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May 02, 2015, 04:04:43 AM |
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so the million dollar question is - If I mine with 1 Ph for 24 hours, does it have the same odds as 2 Ph for 12 hours for finding a block? I know it appears to be the same but I would suspect that there is actually a difference - but I am not a statistics guy Yes it does. |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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727miner
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May 02, 2015, 04:35:31 AM |
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so the million dollar question is - If I mine with 1 Ph for 24 hours, does it have the same odds as 2 Ph for 12 hours for finding a block? I know it appears to be the same but I would suspect that there is actually a difference - but I am not a statistics guy Dang, you have 3PH at ckpool right now! |
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kilo17
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Activity: 980
Merit: 1001
aka "whocares"
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May 02, 2015, 04:46:27 AM |
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Just for about an hour --- playing around a little |
Bitcoin Will Only Succeed If The Community That Supports It Gets Support - Support Home Miners & Mining
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PrivacyBTC
Newbie
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Activity: 54
Merit: 0
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May 02, 2015, 02:40:37 PM |
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Ck we need your help to learn the secret of solo mining .
the Role to find a block is
Power or luck
If we choose power so we have to rent about 1p a day .
If we choose Luck so we can link our miners and rentals to 10 pools.
If I Rent a V P S server for 1 month with full performance and create 10 solo pool then Link my 10 miners divided to them 1 miner run in 1 pool
(OR RENT 100 T a day and divided 10 T for 1 Pool ) dose I will have great chance to got at least 1 lucky block ?
Thanks very much
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philipma1957
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Activity: 4102
Merit: 7821
'The right to privacy matters'
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May 02, 2015, 04:11:40 PM |
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Ck we need your help to learn the secret of solo mining .
the Role to find a block is
Power or luck
If we choose power so we have to rent about 1p a day .
If we choose Luck so we can link our miners and rentals to 10 pools.
If I Rent a V P S server for 1 month with full performance and create 10 solo pool then Link my 10 miners divided to them 1 miner run in 1 pool
(OR RENT 100 T a day and divided 10 T for 1 Pool ) dose I will have great chance to got at least 1 lucky block ?
Thanks very much
the secret is renting hash from a good source at cheap prices. If you can rent a 100 th at about 0.0101 the math is in your favor. If you pay 0.0105 or more the math is against you. It is not very complicated. |
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PrivacyBTC
Newbie
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Activity: 54
Merit: 0
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May 02, 2015, 07:02:26 PM |
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Im Talking about other side THE LUCK
Many here loosing too much money like me in renting hash and due to some users have many btc to spent so the winner is the power
so all other power gone ( wasted ) . Its too bad to know that about 10 btc spent daily in solo pool as a wasted power .
I want you all imagine that 400 miners worked in this environment and only one will win and 399 miners worked many days and generated a wasted power.
My point is
1st miner will solve the block in 2 days
2nd miner will solve the block in 5 days if the 1st didn't .
3rd miner will solve the block in 10 days if the 1 or 2nd didn't.
...etc
If each miners run separately in own pool sure it will solve the block , and we will save the power .
10 solo pools is lucky than only one . many miners will wins
And 10 solo pools fees (server fee ) not cost more than 200$ / month.
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ezeminer
Legendary
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Activity: 2184
Merit: 1118
Lie down. Have a cookie
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May 02, 2015, 07:09:54 PM |
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Im Talking about other side THE LUCK
Many here loosing too much money like me in renting hash and due to some users have many btc to spent so the winner is the power
so all other power gone ( wasted ) . Its too bad to know that about 10 btc spent daily in solo pool as a wasted power .
I want you all imagine that 400 miners worked in this environment and only one will win and 399 miners worked many days and generated a wasted power.
My point is
1st miner will solve the block in 2 days
2nd miner will solve the block in 5 days if the 1st didn't .
3rd miner will solve the block in 10 days if the 1 or 2nd didn't.
...etc
If each miners run separately in own pool sure it will solve the block , and we will save the power .
10 solo pools is lucky than only one . many miners will wins
And 10 solo pools fees (server fee ) not cost more than 200$ / month.
Well consider this, if you rent 100Th for 6 hours or 200Th for 3 hours ypu still have the same chance overall. It is mote about how much you put in. If you put in 12.5BTC you have in theory a 50% chance of finding a block. Only if the hash cost is .0101 per TH |
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-ck (OP)
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Activity: 4088
Merit: 1631
Ruu \o/
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May 02, 2015, 10:05:30 PM |
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Im Talking about other side THE LUCK
There is no secret to luck. You are gambling and there is no way to make luck. You are only lucky or unlucky after the fact. |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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stevej
Member
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Activity: 118
Merit: 10
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May 02, 2015, 10:09:24 PM |
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a question.. I have 20 rigs on mining rig rentals as cafeg.. I've just sent 4 of the s3's over to ck's solo pool hopefully to get lucky Is it better to send the rigs direct to ck's pool instead of going through mining rigs proxy ? |
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-ck (OP)
Legendary
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Activity: 4088
Merit: 1631
Ruu \o/
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May 02, 2015, 10:13:32 PM |
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a question.. I have 20 rigs on mining rig rentals as cafeg.. I've just sent 4 of the s3's over to ck's solo pool hopefully to get lucky Is it better to send the rigs direct to ck's pool instead of going through mining rigs proxy ? MRR's overhead is quite small but unless you really need MRR between you and the pool for some other feature then I would always recommend the most direct connection regardless of where you mine as every tiny bit of latency matters in the event of finding a block to avoid losing a potential orphan race. |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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philipma1957
Legendary
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Activity: 4102
Merit: 7821
'The right to privacy matters'
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May 02, 2015, 10:14:09 PM |
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Im Talking about other side THE LUCK
There is no secret to luck. You are gambling and there is no way to make luck. You are only lucky or unlucky after the fact. Ck I am not sure if PrivacyBTC understands the concepts of solo mining. If you spend 12.5btc renting 1ph at .0101 you could win over 150 blocks with spectacular good luck. You could win 0 blocks with average luck. Assuming the software and the pools along with all the gear working correctly . the 12.5 btc above should have a 50% or 52 % chance hitting your pool 1 time in 29 hours that you would get for that rental. And it has an unreal tiny chance of hitting 150 blocks in that time. super luck close to impossible . I think he does not understand game theory math behind the odds. (assuming all conditions are correct) |
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