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bravetheheat
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May 28, 2012, 09:35:19 AM |
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9GH/s per BTC
lolz, typo? ;0 anyway, been noticing some discrepancies within the hashing rate calculation: New deposits efficiency: ~ 9.12 MH/BTC
Deposited amount: 11.15695248 BTC
Equivalent hashing power: 78.6MH/s
Calculating, one get estimate that I should get over 100MH/s with the 11.15 BTC that I have within the account. Why is it at 78.6? |
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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pyramining (OP)
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May 28, 2012, 09:58:49 AM |
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9GH/s per BTC
lolz, typo? ;0 Yes, sorry, it was 9MH/s per BTC! I fixed it. anyway, been noticing some discrepancies within the hashing rate calculation: New deposits efficiency: ~ 9.12 MH/BTC
Deposited amount: 11.15695248 BTC
Equivalent hashing power: 78.6MH/s
Calculating, one get estimate that I should get over 100MH/s with the 11.15 BTC that I have within the account. Why is it at 78.6? Maybe the description is not clear enough. The parameter you see is the efficiency for new infrastructure. But there exist also older infrastructure that had higher costs. The "equivalent hashing power" is the average cost of the whole thing. When new deposits are made, and new infrastructure is added, the average cost drops, therefore your equivalent hashing power will grow over time. The more infrastructure will be added, the more I will be able to optimize the production process, and everyone (also older accounts) will benefit from this. The most efficient price will be reached at ~60000 BTC invested. We are currently at ~ 28% of that target. |
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pyramining (OP)
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May 28, 2012, 10:09:27 AM |
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I am going to change the description from: "New deposits efficiency" to "New infrastructure efficiency", and add a line with the average (or current) infrastructure efficiency, so it should become more clear and transparent.
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pyramining (OP)
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May 28, 2012, 01:21:52 PM |
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I just applied the changes Current infrastructure: 7.03 MH/BTC
New infrastructure: ~ 9.14 MH/BTC
I am still not satisfied with the wording, I am not sure it's clear enough. If you have better ideas, I will listen... :-) Or maybe I should write a doc explaining these details. |
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Gladamas
Sr. Member
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Activity: 294
Merit: 250
Bitcoin today is what the internet was in 1998.
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May 28, 2012, 02:31:08 PM |
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I just applied the changes Current infrastructure: 7.03 MH/BTC
New infrastructure: ~ 9.14 MH/BTC
I am still not satisfied with the wording, I am not sure it's clear enough. If you have better ideas, I will listen... :-) Or maybe I should write a doc explaining these details. Thanks, much clearer now. I was wondering the same thing! |
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hoqq
Jr. Member
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Activity: 41
Merit: 1
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May 28, 2012, 08:47:36 PM |
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Hello pyramining,
your website says "You can borrow hashing power...".
So let's assume I invest 100 BTC and the reward is 10%. You will use that 100 BTC to buy mining hardware. From my investors point of view I'll borrow about 700MH/s until this 700MH/s have mined 110 BTC, which will take about 10 month at current conditions.
What happens to the mining hardware after that period? Do you add the hashing power to the investors pool "for free" to reduce MH/BTC or use it for your own purpose?
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pyramining (OP)
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May 28, 2012, 09:51:58 PM |
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What happens to the mining hardware after that period? Do you add the hashing power to the investors pool "for free" to reduce MH/BTC or use it for your own purpose?
I already discussed this (probably on the old forum post). Hardware will be kept working on Pyramining, until it fails. This is done in order to keep low break-even times even after the bounty for the mined blocks will halve, around the end of this year. Note that Spartan6 FPGA working 100% of the time at these rates have an estimated lifespan of about 2 years. This policy allows to keep hardware infrastructure constantly updated. It should be profitable for the next 4 years, before another bounty halving will occour. However it's reasonable to expect new technologies by 2016, that are likely to be affordable thanks to this strategy. |
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pyramining (OP)
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May 31, 2012, 12:12:49 AM |
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Hardware status update: All the components for the next infrastructure production batch (around 50GH/s) have been received. It will take up to 2 weeks to be assembled and become ready to install. Before the end of June they should be available to mine for Pyramining on demand. 100Gh/s more are scheduled between the half and the end of July.
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rjk
Sr. Member
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Activity: 448
Merit: 250
1ngldh
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May 31, 2012, 01:53:04 AM |
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Hardware status update: All the components for the next infrastructure production batch (around 50GH/s) have been received. It will take up to 2 weeks to be assembled and become ready to install. Before the end of June they should be available to mine for Pyramining on demand. 100Gh/s more are scheduled between the half and the end of July.
Like a boss! |
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Serenata
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May 31, 2012, 05:30:51 AM |
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Hardware status update: All the components for the next infrastructure production batch (around 50GH/s) have been received. It will take up to 2 weeks to be assembled and become ready to install. Before the end of June they should be available to mine for Pyramining on demand. 100Gh/s more are scheduled between the half and the end of July.
Sweet!! Thank you! |
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fromheten
Newbie
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Merit: 0
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June 02, 2012, 03:00:36 PM |
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Kotera
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June 02, 2012, 08:01:42 PM
Last edit: June 03, 2012, 06:40:30 AM by Kotera |
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bravetheheat
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June 03, 2012, 01:09:24 PM |
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btw, one statistic that you could add is the expected total payout for each account. For example, I have a deposited amount of 10 BTC and a bonus of 15%, it would be great if you added in how much I would get in the end. Also, the amount left to generate would be great  |
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pyramining (OP)
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June 03, 2012, 03:36:14 PM |
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btw, one statistic that you could add is the expected total payout for each account. For example, I have a deposited amount of 10 BTC and a bonus of 15%, it would be great if you added in how much I would get in the end. Also, the amount left to generate would be great That's not easy to guess: it depends on several factors: everytime a referral deposits any amount, this number might change. And since a referral gets 15% from his referral revenues, in case he has a very big referral under him, it might also get "completed" before your. I could try to foresee an apporximate amount and insert that statistic, but I would like to avoid discussions of the kind: "I deposited 10, it said the expected reward was 15, but I received only 14.768433". Currently I am working on a way to automatically (and dynamically) add some hashing power to balance "bad luck" of some pools. This feature will be activated when the first big batch of FPGA units will be ready (it should be around the end of this month), in order to keep all active accounts in line with the reward time expectation. |
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kimmeriets
Legendary
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Activity: 1064
Merit: 1000
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June 04, 2012, 11:16:56 AM |
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observing the statistics for a few days, I noticed that at the same power, compared with Deepbit, the reward is 50% less. here and referral payments taken into account. not too great referral payments?
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bravetheheat
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June 04, 2012, 11:27:00 AM |
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observing the statistics for a few days, I noticed that at the same power, compared with Deepbit, the reward is 50% less. here and referral payments taken into account. not too great referral payments?
I think it's just the bad luck =/ |
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