clgrissom3
Legendary
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Activity: 1722
Merit: 1032
Carl, aka Sonny :)
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February 04, 2016, 02:25:28 AM |
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Block! HolyScott hits one!
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baazju
Member
Offline
Activity: 98
Merit: 10
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February 04, 2016, 02:25:45 AM |
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I know I should, but I honestly don't pay attention to difficulty anymore.
Holyscott with the Garage block find lol
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Beware of scammers.
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VRobb
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February 04, 2016, 02:26:16 AM |
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Holy Scott, another block. BOOM!
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I don't believe in superstition because it's bad luck: 13thF1oor6CAwyzyxXPNnRvu3nhhYeqZdc These aren't the Droids you're looking for: S5 & S7 (Sold), R4B2, R4B4 (RIP), 2x S9 obsolete, 2xS15-28, S17-56, S17-70 Pushing a whopping 1/5 PH! Oh The SPEED!!!
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nhando
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February 04, 2016, 02:33:33 AM |
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1 more before bed time baby, just 1 more. Come to Daddy BLOCKY!!!!
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Just "Mining" my own business.
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baazju
Member
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Activity: 98
Merit: 10
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February 04, 2016, 02:35:02 AM |
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While we are asking I'll just say I want 5 more.
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Beware of scammers.
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sorry2xs
Legendary
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Activity: 924
Merit: 1000
Dark Passenger Bitcoin miner 2013,Bitcoin node
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February 04, 2016, 02:48:45 AM |
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Hell why not ten
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Please tip the Node 1MPWKB23NsZsXHANnFwVAWT86mL24fqAjF; KO4UX THAT NO GOOD DO GOODER BAT!!!
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nhando
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February 04, 2016, 03:15:55 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
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Just "Mining" my own business.
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cavaliersrus
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February 04, 2016, 03:22:15 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
ive wondered this also
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jeremyf327
Member
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Activity: 79
Merit: 10
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February 04, 2016, 03:22:55 AM |
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Why the jump in hash rate for the pool? I see some mentioned because of rentals...Are there better times to rent than others?
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-ck
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Activity: 4144
Merit: 1637
Ruu \o/
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February 04, 2016, 03:27:24 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
ive wondered this also There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network. See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining?
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Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel 2% Fee Solo mining at solo.ckpool.org -ck
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organofcorti
Donator
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Activity: 2058
Merit: 1007
Poor impulse control.
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February 04, 2016, 03:36:26 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
A 0.06% drop in value is *much* smaller? I'd expect there to be a bigger difference given the variance that can occur in transaction fees.
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nhando
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February 04, 2016, 03:48:49 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
ive wondered this also There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network. See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining? Let's be honest, bitcoin is not something that anyone can learn quickly in the depth that you or Kano would know. I've been following bitcoin and have spent many hrs everyday reading and asking questions to learn, but I still have plenty to learn. We all have to start somewhere. Heck even learning the different wallet, how to secure it, mining pool types, 5ND payout, etc is over a week of research alone. All most people hear is that when a block is found you get 25 blocks. No one really go into details that it could be a block value of 25.98 which is almost 26 blocks or 24.80 if there's a ton of transactions in that blocks that can reduce it that much, etc. My partners mine at many pools and I see all kinds of range, hence the question. Here's an example from Slush. I never would know a Block value could be almost 26 bitcoins. I do know that there are transaction fees, just never realized how wide of a range it can be . 26044 2016-02-02 18:18 37 minutes 40.44 Ph/s 120033340651 565% 396343 25.98289867 BTC Confirmed So I'm sorry if our questions sounds stupid, but I rather understand than to be ignorant and say "that's how it works, that's bitcoin technology".
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Just "Mining" my own business.
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nhando
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February 04, 2016, 03:50:07 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
A 0.06% drop in value is *much* smaller? I'd expect there to be a bigger difference given the variance that can occur in transaction fees. The variance is much greater as you can see many block rewards are in the 25 and above. I never even knew it could be almost 26 blocks until I saw the Slush pool confirmation stats today.
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Just "Mining" my own business.
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Prelude
Legendary
Offline
Activity: 1596
Merit: 1000
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February 04, 2016, 03:50:33 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
ive wondered this also There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network. See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining? Amen.
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organofcorti
Donator
Legendary
Offline
Activity: 2058
Merit: 1007
Poor impulse control.
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February 04, 2016, 03:52:32 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
ive wondered this also There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network. See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining? Let's be honest, bitcoin is not something that anyone can learn quickly in the depth that you or Kano would know. I've been following bitcoin and have spent many hrs everyday reading and asking questions to learn, but I still have plenty to learn. We all have to start somewhere. Heck even learning the different wallet, how to secure it, mining pool types, 5ND payout, etc is over a week of research alone. All most people hear is that when a block is found you get 25 blocks. No one really go into details that it could be a block value of 25.98 which is almost 26 blocks or 24.80 if there's a ton of transactions in that blocks that can reduce it that much, etc. My partners mine at many pools and I see all kinds of range, hence the question. Here's an example from Slush. I never would know a Block value could be almost 26 bitcoins. I do know that there are transaction fees, just never realized how wide of a range it can be . 26044 2016-02-02 18:18 37 minutes 40.44 Ph/s 120033340651 565% 396343 25.98289867 BTC Confirmed So I'm sorry if our questions sounds stupid, but I rather understand than to be ignorant and say "that's how it works, that's bitcoin technology". Tx fees at the moment are about 0.5% to 1.5% of the total block reward. The block reward before fees is 25 BTC and the tx fees are typically 0.1 to 0.4 BTC per block, but can be as little as zero or much larger.
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organofcorti
Donator
Legendary
Offline
Activity: 2058
Merit: 1007
Poor impulse control.
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February 04, 2016, 03:53:46 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
A 0.06% drop in value is *much* smaller? I'd expect there to be a bigger difference given the variance that can occur in transaction fees. The variance is much greater as you can see many block rewards are in the 25 and above. I never even knew it could be almost 26 blocks until I saw the Slush pool confirmation stats today. Absolutely. The values you've quoted just weren't very different to each other, that's all. Also, the you might not realise it but the figure you've quoted from Slush's pool is *pre fee* rather than the *post fee* rewards you've posted.
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aarons6
Legendary
Offline
Activity: 1736
Merit: 1006
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February 04, 2016, 03:54:31 AM |
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Why is it that some blocks we get much smaller rewards? Some examples below. Is it the difference in the transmission fees??
Block Block UTC Miner Reward 396558 3/Feb 22:51 24.80513300 393929 18/Jan 22:31 24.79041611
ive wondered this also There's this amazing technology called bitcoin. You should read about it. Apparently it allows an entire economy to be run through a peer 2 peer network making it possible to transmit currency to anywhere in the world for a tiny transaction fee. That transaction fee only ever gets large when there is a lot of money being exchanged on the peer 2 peer network. See how different peoples' understanding of bitcoin would be if they focused on and understood the economy first instead of thinking about it as a way to make money out of thin air through mining? Let's be honest, bitcoin is not something that anyone can learn quickly in the depth that you or Kano would know. I've been following bitcoin and have spent many hrs everyday reading and asking questions to learn, but I still have plenty to learn. We all have to start somewhere. Heck even learning the different wallet, how to secure it, mining pool types, 5ND payout, etc is over a week of research alone. All most people hear is that when a block is found you get 25 blocks. No one really go into details that it could be a block value of 25.98 which is almost 26 blocks or 24.80 if there's a ton of transactions in that blocks that can reduce it that much, etc. My partners mine at many pools and I see all kinds of range, hence the question. Here's an example from Slush. I never would know a Block value could be almost 26 bitcoins. I do know that there are transaction fees, just never realized how wide of a range it can be . 26044 2016-02-02 18:18 37 minutes 40.44 Ph/s 120033340651 565% 396343 25.98289867 BTC Confirmed So I'm sorry if our questions sounds stupid, but I rather understand than to be ignorant and say "that's how it works, that's bitcoin technology". you can check this site out that will tell you how much of the block was fees https://live.blockcypher.com/btc/its a great site for guessing how much fee you should add to get fewer block confirmations. also keep in mind, some pools keep the fee.. like antpool.. so their block rewards will always be split by 25
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organofcorti
Donator
Legendary
Offline
Activity: 2058
Merit: 1007
Poor impulse control.
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February 04, 2016, 04:05:19 AM |
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Yeah, I'm just highlighting the lower of the ones from the list. I'm clear now on the fee part as that's confirmation to my question. How come Slush is reporting Block values before fee as in the 25 to 25.98 btc value? I always hear it's 25 bitcoin for the rewards, never heard the rewards value was higher before fees until I saw that stat. See the last block 26044 at the bottom.
Slush reports block rewards pre pool fee not pre tx fee. Sorry to confuse you there.
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nhando
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February 04, 2016, 04:11:09 AM |
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It's not helping that each pool is reporting info differently. So what is the maximimum block reward before all fees? 25 bitcoins? I'm still trying to understand how it's showing 25.98 btc when all I hear is 25 bitcoins per block is the reward minus pool fees and TX fees.
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Just "Mining" my own business.
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