[BitAffNet] How we're the #1 Bitcoin Mining Pool In The World (or so we thought)

[jonnybravo0311]

Does anyone have info about how shares are calculated? I was thinking of raising the difficulty on my miners to lower network use, but I really need to understand shares first. I know it'll cause variance, I just want to know I wouldn't mess up my shares in the long run.

Payout changed due to difficulty yesterday.
0.0000000005355110 Last
0.0000000005271197 Current

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Why do trolls have so many newbie accounts?

Since your query wasn't answered...

You've shown the value of a share.  That's easy to calculate - take current block reward and divide it by current network difficulty.  Now you have the value of a difficulty 1 share.  When you are mining and you up your difficulty to 1024, 2048, etc... you are only submitting shares of that difficulty.  Each of those shares is equivalent to that many difficulty 1 shares.  At the end of the day, when a block is found, the pool looks at how many difficulty 1 shares you've submitted, multiplies that by the value of each share and voila - you've got your payout.  Obviously I've simplified it a bit, but that's the general idea.

[1714778862]

1714778862

[1714778862]

1714778862

[no141]

Does anyone have info about how shares are calculated? I was thinking of raising the difficulty on my miners to lower network use, but I really need to understand shares first. I know it'll cause variance, I just want to know I wouldn't mess up my shares in the long run.

Payout changed due to difficulty yesterday.
0.0000000005355110 Last
0.0000000005271197 Current

----
Why do trolls have so many newbie accounts?

Since your query wasn't answered...

You've shown the value of a share.  That's easy to calculate - take current block reward and divide it by current network difficulty.  Now you have the value of a difficulty 1 share.  When you are mining and you up your difficulty to 1024, 2048, etc... you are only submitting shares of that difficulty.  Each of those shares is equivalent to that many difficulty 1 shares.  At the end of the day, when a block is found, the pool looks at how many difficulty 1 shares you've submitted, multiplies that by the value of each share and voila - you've got your payout.  Obviously I've simplified it a bit, but that's the general idea.

So technically, pools are slightly lowering your shares by setting up default difficulties?

Say the miner puts out a nice downward curve of shares based on difficulty. Lots of 1s, less 512s, fewer 1024, etc and the setting is for 1024. Aren't you losing out on all the 1023s and lower as shares or is that just the price of mining to not flood the pool? Or does the share calculation factor in all the lost shares that were too small?

I see default difficulty swinging throughout the day, and am trying to figure if it's a good idea to lock it in at the high end. My S3 that I overclocked is preforming better and more stable than it was before, and now I have it locked on a diff of 512. It's always over 500gh/s average for the hour now. Just need to know if the stock s5s would benefit.

[jonnybravo0311]

Does anyone have info about how shares are calculated? I was thinking of raising the difficulty on my miners to lower network use, but I really need to understand shares first. I know it'll cause variance, I just want to know I wouldn't mess up my shares in the long run.

Payout changed due to difficulty yesterday.
0.0000000005355110 Last
0.0000000005271197 Current

----
Why do trolls have so many newbie accounts?

Since your query wasn't answered...

You've shown the value of a share.  That's easy to calculate - take current block reward and divide it by current network difficulty.  Now you have the value of a difficulty 1 share.  When you are mining and you up your difficulty to 1024, 2048, etc... you are only submitting shares of that difficulty.  Each of those shares is equivalent to that many difficulty 1 shares.  At the end of the day, when a block is found, the pool looks at how many difficulty 1 shares you've submitted, multiplies that by the value of each share and voila - you've got your payout.  Obviously I've simplified it a bit, but that's the general idea.

So technically, pools are slightly lowering your shares by setting up default difficulties?

Say the miner puts out a nice downward curve of shares based on difficulty. Lots of 1s, less 512s, fewer 1024, etc and the setting is for 1024. Aren't you losing out on all the 1023s and lower as shares or is that just the price of mining to not flood the pool? Or does the share calculation factor in all the lost shares that were too small?

I see default difficulty swinging throughout the day, and am trying to figure if it's a good idea to lock it in at the high end. My S3 that I overclocked is preforming better and more stable than it was before, and now I have it locked on a diff of 512. It's always over 500gh/s average for the hour now. Just need to know if the stock s5s would benefit.

You don't miss out on anything - you just submit fewer shares of a higher difficulty.  Think about it like this... your S3 runs about 500GH/s.  That means it's trying 500 billion times a second to solve a hash.  It takes approximately 2^32 attempts (4294967296 hashes) to get a difficulty 1 share.  So, your S3 would expect to find 116.415 difficulty 1 shares each second.  No pool is going to allow you to submit that kind of load, which is why pools either force you into a static share difficulty or use vardiff to determine it for you.

If you up your difficulty to say 512, you're saying "I'm only going to care about a difficulty 512 share".  When you submit that to the pool, the pool says, "hey, you submitted 512 difficulty 1 shares.  I'll credit you for 512 shares."

[aurel57]

Looks like the payout is stuck. My pending payout  has not changed for a while even though my miners are hashing away.  

[no141]

Three blocks yesterday, one today(so far), and showing paid out 66.36798776 btc in the past 24 hours. All blocks are confirmed, still at 8 hour payout setting, and four more hours to go till 24 hours since my last payment. I think I might as well set it for 24 hours, could save them 0.0002 per day if they did pay me 3 times a day.

The last 24 hours includes 101 transactions for something less than 0.001, or 45 of them being at 0.0006*(there's nothing lower). This means, for 101 payouts out of the total of 833 payouts, the fee is about 1/6th the payment for about half those paid. To me that's a lot. So every six paid, you could pay one free, just with the transaction fees on those small payments. It doesn't seem big to some, but 0.0833 per payout run adds up fast, and will be something I never understand the need to do.

The intention was to never be a bank, I know, but please fix the payouts so people that want to be paid more often can be, without added costs to the pool. Requiring a minimum payout of 0.01 would have stopped 548 from being paid until a future run. Maybe a new minimum payout is the way to go, except on the last clean-out payment after the difficulty changes.

[aurel57]

Three blocks yesterday, one today(so far), and showing paid out 66.36798776 btc in the past 24 hours. All blocks are confirmed, still at 8 hour payout setting, and four more hours to go till 24 hours since my last payment. I think I might as well set it for 24 hours, could save them 0.0002 per day if they did pay me 3 times a day.

The last 24 hours includes 101 transactions for something less than 0.001, or 45 of them being at 0.0006*(there's nothing lower). This means, for 101 payouts out of the total of 833 payouts, the fee is about 1/6th the payment for about half those paid. To me that's a lot. So every six paid, you could pay one free, just with the transaction fees on those small payments. It doesn't seem big to some, but 0.0833 per payout run adds up fast, and will be something I never understand the need to do.

The intention was to never be a bank, I know, but please fix the payouts so people that want to be paid more often can be, without added costs to the pool. Requiring a minimum payout of 0.01 would have stopped 548 from being paid until a future run. Maybe a new minimum payout is the way to go, except on the last clean-out payment after the difficulty changes.

Need to fix the Pending Payout to show the correct amount first as its been stuck. I have my payout set to 12 hours and its closing in on 24 hours right now.

Edit: Going on 40 hours now without a payment?

[ensano]

That's better.  This thread looks so much better now.

I didn't realize we could just ignore him.  What a time to be alive!

[ensano]

@ s0br: Stop being a chicken sh*t & answer the questions like you keep saying you will, or stay the proven scammer you are.

Count me in on this too - it's about time s0br posted some explanations like he said he would.

Why so quiet s0br?  Answer the damn questions already. Man up FFS.

He doesn't spend any time in the forums but I talk to him every day on freenode and he is readily accessible.. I can't speak for the past since I have only been with him a couple of months, nor do I understand the history and pure hatred some have toward him... However I can say without a doubt he is a solid pool operator and is a stand up guy, addressing any issues I've had personally...

I'm assuming they are associated with people who run other pools and are trying to tank BAN

[hollowtm]

Three blocks yesterday, one today(so far), and showing paid out 66.36798776 btc in the past 24 hours. All blocks are confirmed, still at 8 hour payout setting, and four more hours to go till 24 hours since my last payment. I think I might as well set it for 24 hours, could save them 0.0002 per day if they did pay me 3 times a day.

The last 24 hours includes 101 transactions for something less than 0.001, or 45 of them being at 0.0006*(there's nothing lower). This means, for 101 payouts out of the total of 833 payouts, the fee is about 1/6th the payment for about half those paid. To me that's a lot. So every six paid, you could pay one free, just with the transaction fees on those small payments. It doesn't seem big to some, but 0.0833 per payout run adds up fast, and will be something I never understand the need to do.

The intention was to never be a bank, I know, but please fix the payouts so people that want to be paid more often can be, without added costs to the pool. Requiring a minimum payout of 0.01 would have stopped 548 from being paid until a future run. Maybe a new minimum payout is the way to go, except on the last clean-out payment after the difficulty changes.

Need to fix the Pending Payout to show the correct amount first as its been stuck. I have my payout set to 12 hours and its closing in on 24 hours right now.

Edit: Going on 40 hours now without a payment?

Submit a ticket if you have payout problems.

[aurel57]

Three blocks yesterday, one today(so far), and showing paid out 66.36798776 btc in the past 24 hours. All blocks are confirmed, still at 8 hour payout setting, and four more hours to go till 24 hours since my last payment. I think I might as well set it for 24 hours, could save them 0.0002 per day if they did pay me 3 times a day.

The last 24 hours includes 101 transactions for something less than 0.001, or 45 of them being at 0.0006*(there's nothing lower). This means, for 101 payouts out of the total of 833 payouts, the fee is about 1/6th the payment for about half those paid. To me that's a lot. So every six paid, you could pay one free, just with the transaction fees on those small payments. It doesn't seem big to some, but 0.0833 per payout run adds up fast, and will be something I never understand the need to do.

The intention was to never be a bank, I know, but please fix the payouts so people that want to be paid more often can be, without added costs to the pool. Requiring a minimum payout of 0.01 would have stopped 548 from being paid until a future run. Maybe a new minimum payout is the way to go, except on the last clean-out payment after the difficulty changes.

Need to fix the Pending Payout to show the correct amount first as its been stuck. I have my payout set to 12 hours and its closing in on 24 hours right now.

Edit: Going on 40 hours now without a payment?

Submit a ticket if you have payout problems.

LOL are you telling me you have had a payment in the last 43 hours?

[aurel57]

I pulled my miners as its been  48 hours since last payment and will move them back once I get paid.

[IYFTech]

I pulled my miners as its been  48 hours since last payment and will move them back once I get paid.

Again. You're a glutton for punishment.......

Don't ya'll get bored of not being paid?

[no141]

Speaking to s0br on irc, I am sure we will get paid correctly eventually. It seems the more hashpower the pool has the easier it is to pay everyone quick. It's been swinging lately from 2-5+PH, the 5PH is good, the 2PH, not so much. So, I will plug on, not punishing myself by leaving the pool that is paying me the best, but staying in. If someone wants to protest, Bitmain needs that I am not part of the hacking group "extorting" them, but I truly believe it was in response to the higher prices and not extortion.

[hollowtm]

Three blocks yesterday, one today(so far), and showing paid out 66.36798776 btc in the past 24 hours. All blocks are confirmed, still at 8 hour payout setting, and four more hours to go till 24 hours since my last payment. I think I might as well set it for 24 hours, could save them 0.0002 per day if they did pay me 3 times a day.

The last 24 hours includes 101 transactions for something less than 0.001, or 45 of them being at 0.0006*(there's nothing lower). This means, for 101 payouts out of the total of 833 payouts, the fee is about 1/6th the payment for about half those paid. To me that's a lot. So every six paid, you could pay one free, just with the transaction fees on those small payments. It doesn't seem big to some, but 0.0833 per payout run adds up fast, and will be something I never understand the need to do.

The intention was to never be a bank, I know, but please fix the payouts so people that want to be paid more often can be, without added costs to the pool. Requiring a minimum payout of 0.01 would have stopped 548 from being paid until a future run. Maybe a new minimum payout is the way to go, except on the last clean-out payment after the difficulty changes.

Need to fix the Pending Payout to show the correct amount first as its been stuck. I have my payout set to 12 hours and its closing in on 24 hours right now.

Edit: Going on 40 hours now without a payment?

Submit a ticket if you have payout problems.

LOL are you telling me you have had a payment in the last 43 hours?

I'm just saying, best way to resolve a payout problem is submit a ticket, doesn't hurt to try right? lol

[aurel57]

Three blocks yesterday, one today(so far), and showing paid out 66.36798776 btc in the past 24 hours. All blocks are confirmed, still at 8 hour payout setting, and four more hours to go till 24 hours since my last payment. I think I might as well set it for 24 hours, could save them 0.0002 per day if they did pay me 3 times a day.

The last 24 hours includes 101 transactions for something less than 0.001, or 45 of them being at 0.0006*(there's nothing lower). This means, for 101 payouts out of the total of 833 payouts, the fee is about 1/6th the payment for about half those paid. To me that's a lot. So every six paid, you could pay one free, just with the transaction fees on those small payments. It doesn't seem big to some, but 0.0833 per payout run adds up fast, and will be something I never understand the need to do.

The intention was to never be a bank, I know, but please fix the payouts so people that want to be paid more often can be, without added costs to the pool. Requiring a minimum payout of 0.01 would have stopped 548 from being paid until a future run. Maybe a new minimum payout is the way to go, except on the last clean-out payment after the difficulty changes.

Need to fix the Pending Payout to show the correct amount first as its been stuck. I have my payout set to 12 hours and its closing in on 24 hours right now.

Edit: Going on 40 hours now without a payment?

Submit a ticket if you have payout problems.

LOL are you telling me you have had a payment in the last 43 hours?

I'm just saying, best way to resolve a payout problem is submit a ticket, doesn't hurt to try right? lol

A ticket is not going to help when no one is getting paid.

[aurel57]

I pulled my miners as its been  48 hours since last payment and will move them back once I get paid.

Again. You're a glutton for punishment.......

Don't ya'll get bored of not being paid?

Well IYFTech what you should say " is get paid in a timely fashion" as I have always got paid, but 48 hours was long enough to go and yes this does get old.  

EDIT: Its a problem that needs to be fixed either by a fee, payout threshold or? as the pool has chased away a lot of miners that otherwise would be mining there.

[aurel57]

Speaking to s0br on irc, I am sure we will get paid correctly eventually. It seems the more hashpower the pool has the easier it is to pay everyone quick. It's been swinging lately from 2-5+PH, the 5PH is good, the 2PH, not so much. So, I will plug on, not punishing myself by leaving the pool that is paying me the best, but staying in. If someone wants to protest, Bitmain needs that I am not part of the hacking group "extorting" them, but I truly believe it was in response to the higher prices and not extortion.

I am not sure why the pool hash rate would effect payouts? My pending payout amount looks to be correct and the pool has blocks that confirmed.

EDIT: but maybe me moving my miners elsewhere will help then.  

Also as far as me posting about this, I am trying to just keep it real by posting the good and the bad. But I will not make crap up against the pool or the pool operator as others have.

[Swimmer63]

@ s0br: Stop being a chicken sh*t & answer the questions like you keep saying you will, or stay the proven scammer you are.

Count me in on this too - it's about time s0br posted some explanations like he said he would.

Why so quiet s0br?  Answer the damn questions already. Man up FFS.

He doesn't spend any time in the forums but I talk to him every day on freenode and he is readily accessible.. I can't speak for the past since I have only been with him a couple of months, nor do I understand the history and pure hatred some have toward him... However I can say without a doubt he is a solid pool operator and is a stand up guy, addressing any issues I've had personally...

I'm assuming they are associated with people who run other pools and are trying to tank BAN

I think they are just sad, mildly disturbed people with no friends, begging for someone to engage with. I'm sure there are other, therapeutic forums for them.

[.....Really?]

@ s0br: Stop being a chicken sh*t & answer the questions like you keep saying you will, or stay the proven scammer you are.

No payouts again eh? No surprises there then.....

Let me guess, s0br the scammer/liar/thief has run out of BTC again & can't decide on weather to fake another wallet theft or wait until the next diff jump so he can take his percentage off all your earnings again.......

Submit a ticket if you have payout problems.

Why? So s0br can ignore that as well? The ticket system is a cr*p system started by ghash (another scam outfit) so they could hide their corruption of miners, look what happened to them.

Wake up.

[aurel57]

Payout happened and am once again paid currant.