[~1000 GH/sec] BTC Guild - 0% Fee Pool, LP, SSL, Full Precision, and More

[compro01]

umm, i think we broke the counter.

the site is showing -1505181 shares this round.

[hugolp]

umm, i think we broke the counter.

the site is showing -1505181 shares this round.

We are doing it on purpose. We are trying to break a record.

[fcmatt]

about all i can say.. is wtf is going on with the luck with this pool?

100's of  gh/s has left too.. it appears at least.

but with all that said.. the more logical part of me just has to look at slush and see
on their current stats page.. a 5 and 6 hour rounds...with 1, 2, and a 3 hour rounds also mixed in.

we are doing no differently then them.

deepbit on the other hand has reverted to good luck again.

[eleuthria]

The negative share counter is fixed, and the backlog of blocks were pushed out.  Looking into the logs to find out why the server block checking script exited without turning off the switch that prevents a duplicate of the script to run if it takes too long.  Essentially one copy of the script ran, and somehow it stopped running mid-script without removing that switch, stopping future copies from running.

[secularflesh]

Leaving the pool again to help you guys out. Last time I left the luck shot through the roof.

[Bengel]

Ugh... 0.85btc 24hr earnings on 2550 mhash/s

We did have a good luck streak a couple of days ago though! It all balances out.

[Druas]

Leaving the pool again to help you guys out. Last time I left the luck shot through the roof.

It's not working. Leave harder.

[orjoguy]

Leaving the pool again to help you guys out. Last time I left the luck shot through the roof.

It's not working. Leave harder.

Have you tried coming back in and going out again....

[PcChip]

Have you tried coming back in and going out again....

That's .... what she said ?

[secularflesh]

Leaving the pool again to help you guys out. Last time I left the luck shot through the roof.

It's not working. Leave harder.

Have you tried coming back in and going out again....

I actually have.  I'm willing to go in and out as many times as needed to get the job done.

[lemonginger]

I actually have.  I'm willing to go in and out as many times as needed to get the job done.

*Insert sexual innuendo joke here*

[kjj]

I actually have.  I'm willing to go in and out as many times as needed to get the job done.

*Insert sexual innuendo joke here*

[eleuthria]

Pool had about 1-20 minutes (depending on which of the internal servers you were connected to) of downtime/restarts this morning, so if you received a huge chunk of rejects that is the cause.  I was setting up a dynamic sync script that can add/remove servers without a restart.  This was done as a backup in case the price of BTC continues to tank, I'll be able to move US West onto a second colo'd server in Texas if needed to save some money on server costs.  It would lose redundancy (both servers in the same data center), but it would allow me to cut back on costs instead of getting forced into a mandatory fee to keep the servers running.

[PcChip]

Yeah, what the hell is up with this price drop? 

I never bothered figuring out the price I need to stop mining at because it was always profitable, but now I'm going to have to calculate it. (I pay about 11 or 12 cents per KWh)

I hope you're not impacted too much E<insert rest of hard-to-spell-name here>

[eleuthria]

Yeah, what the hell is up with this price drop?  

I never bothered figuring out the price I need to stop mining at because it was always profitable, but now I'm going to have to calculate it. (I pay about 11 or 12 cents per KWh)

I hope you're not impacted too much E<insert rest of hard-to-spell-name here>

Just impacted in my personal mining.  You'll notice User ID 1 (me) has almost vanished off the block rewards list.  I'm now just using 2 5870s to mine, at a loss.  California at top tier usage (my house AC alone puts me in top tier basically) is 40 cents/kwh, which is a loss before counting the cost of extra cooling.

The pool still operates at a profit, mostly thanks to the Google AdSense for people under 0.5% donations.


It's also throwing a wrench into my plan to offer some very good VPS servers at even BTC intervals.  Was planning on a ~$12 / 24 / 36 per month (or 1 / 2 / 3 BTC) set of VPS servers, with the BTC price only adjusted when the value went below 10 or above 15, with integrated billing with BTC Guild so you could automatically have your miners pay off your servers each month.

[hugolp]

Yeah, what the hell is up with this price drop?

The drop started after the MyBitcoin.com and the polish exchange fiascos.

Whether is just panic or loss of confidence or MyBitcoin.com scammers selling the stolen bitcoins is just anyones guess. It could be a combination of both. But we have seen massive sellouts (25.000 bitcoins) in just moments during these last days.

Just impacted in my personal mining.  You'll notice User ID 1 (me) has almost vanished off the block rewards list.  I'm now just using 2 5870s to mine, at a loss.  California at top tier usage (my house AC alone puts me in top tier basically) is 40 cents/kwh, which is a loss before counting the cost of extra cooling.

Are you serious? 40 cents? And I though Europe was bad. Thats insane, no wonder why California is tanking and the industry is leaving.

Btw, I know you are taking a conservative position, wait and see, but if you believe bitcoins will rise in price you should keep mining if you have the funds to pay the electricity, because it does not matter the price they have now if you believe it will go up in the future. And if you belive they wont, you should sell the equipent right now to recover part of the money. The wait and see attitude might seem like a middle point, but in reality you have your investment without producing anything, Ive always though that its better to take your guess and use it or sell it.

On second thoughs, Im happy difficulty is going down, so hey, scratch what I said and everybody stop your miners right now!

[eleuthria]

Btw, I know you are taking a conservative position, wait and see, but if you believe bitcoins will rise in price you should keep mining if you have the funds to pay the electricity, because it does not matter the price they have now if you believe it will go up in the future. And if you belive they wont, you should sell the equipent right now to recover part of the money. The wait and see attitude might seem like a middle point, but in reality you have your investment without producing anything, Ive always though that its better to take your guess and use it or sell it.

Just for the record, thats bad advice .  If the current price means mining is a loss, it would be 100% stupid to continue mining.  It would be smarter to spend the money buying coins and leaving the miners off, since I'd be getting more coins for less USD.

I sold off a large chunk of my miners a few weeks ago because I knew that this state would be one of the first places to become unprofitable.  I sold early before the mass hardware sales began .  Now I'm just running enough to make sure the pool is still running.

[eleuthria]

Level3 in LA and Dallas are showing some packet loss on traceroutes to the server, which is causing a few idles for people who connect through those nodes.  Hopefully it will clear up shortly.

[PcChip]

Level3 in LA and Dallas...

I'm in the Dallas/Fort Worth area, and I just saw a notice from one of my Phoenix miners (backup mining thread that was connected to uscentral) that I have never seen before,

it said something along the lines of "server gave work from a previous block, ignoring" or something similar... I just closed the backup miner and let the USWest thread have all 400 MH/s (the USCentral thread also had a higher percentage of stales)

[hugolp]

Just for the record, thats bad advice .  If the current price means mining is a loss, it would be 100% stupid to continue mining.  It would be smarter to spend the money buying coins and leaving the miners off, since I'd be getting more coins for less USD.

Its not. If you want to buy you should sell your miners. But as long as you keep the miners and spect the price to go up in the future you should keep mining. Keeping the mining but not mine is the worse option. One should either sell them or mine, but not keep them idle.

I sold off a large chunk of my miners a few weeks ago because I knew that this state would be one of the first places to become unprofitable.  I sold early before the mass hardware sales began .  Now I'm just running enough to make sure the pool is still running.

That is a good decision. I didnt imagine the price of electricity in California was that bad, specially when other parts have it a lot better. Here in Europe is bad, but its more similar everywhere.