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Author Topic: BITMAIN announces Antpool  (Read 380845 times)
ccgllc
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April 04, 2018, 09:08:22 PM
Merited by Sandal_Hat (1)
 #1921

Honestly, almost any other pool is better than antpoo.   Kano, Slush....all better choices.

U have detailed numbers of this?

You can start here:  https://en.bitcoin.it/wiki/Comparison_of_mining_pools

The two key aspects are:  Fee percentage (lower is better) & transaction fees being shared

During the boom last December, transaction fees topped 40% of the block reward.  That means pool operators that did not share those fees got rich off their miners work.  

After that, fee percentage rules - if you pay less, you earn more.  Pretty simple.

It gets a bit more complicated when you go down to the next level.  PPS is straight forward, but high risk for the pool operator, so their fees typically range about 4%.  PPSLNS (and various variations) pay when the pool gets a block.  That raises your variance (how regular your payments are), but allows for a lower fee since the pool operator is taking less risk.

Then there is size.  Mining is typically a long term endeavor, but that doesn't mean you might be happy with getting a big payout once a month.  If the pool is too small that is the risk (or even less often for some rather small pools).  Pools like Slushpool typically find dozens of blocks a day, so the payouts are pretty smooth.  Kano sized pools find a few blocks a week - not bad.  Over a long enough time period, that aspect should blend out to be the same for everyone (presuming they find blocks on a reasonable schedule - not once a year!).  Remember:  If the pool you select is small, your payout frequency may be long, but the amount will be bigger - given everything else is equal (fees, transaction fee sharing, etc).

I should also point out that any pool claiming to pay more than 100% is getting those rewards from somewhere.  If you see that, read the fine-print.  Pools are not free to run or maintain, they need to charge something to do so unless they are very very small and running in someones basement.  Nothing wrong with that, but your not likely to get the best support, nor will the pool be able to grow much, with such an endeavor.  For instance, one recent pool is advertising 105% payout.  If you read the fine print, that payout is guaranteed so long as the transaction fees are AT LEAST 10% of the block reward.  The 105% simply referred to the block reward, not the combined block + transaction reward.

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April 05, 2018, 08:23:30 AM
 #1922

Honestly, almost any other pool is better than antpoo.   Kano, Slush....all better choices.

U have detailed numbers of this?

You can start here:  https://en.bitcoin.it/wiki/Comparison_of_mining_pools

The two key aspects are:  Fee percentage (lower is better) & transaction fees being shared

During the boom last December, transaction fees topped 40% of the block reward.  That means pool operators that did not share those fees got rich off their miners work.  

After that, fee percentage rules - if you pay less, you earn more.  Pretty simple.

It gets a bit more complicated when you go down to the next level.  PPS is straight forward, but high risk for the pool operator, so their fees typically range about 4%.  PPSLNS (and various variations) pay when the pool gets a block.  That raises your variance (how regular your payments are), but allows for a lower fee since the pool operator is taking less risk.

Then there is size.  Mining is typically a long term endeavor, but that doesn't mean you might be happy with getting a big payout once a month.  If the pool is too small that is the risk (or even less often for some rather small pools).  Pools like Slushpool typically find dozens of blocks a day, so the payouts are pretty smooth.  Kano sized pools find a few blocks a week - not bad.  Over a long enough time period, that aspect should blend out to be the same for everyone (presuming they find blocks on a reasonable schedule - not once a year!).  Remember:  If the pool you select is small, your payout frequency may be long, but the amount will be bigger - given everything else is equal (fees, transaction fee sharing, etc).

I should also point out that any pool claiming to pay more than 100% is getting those rewards from somewhere.  If you see that, read the fine-print.  Pools are not free to run or maintain, they need to charge something to do so unless they are very very small and running in someones basement.  Nothing wrong with that, but your not likely to get the best support, nor will the pool be able to grow much, with such an endeavor.  For instance, one recent pool is advertising 105% payout.  If you read the fine print, that payout is guaranteed so long as the transaction fees are AT LEAST 10% of the block reward.  The 105% simply referred to the block reward, not the combined block + transaction reward.

Yep but the best way is to always test it over a week or 2.
Thanks for the comprehensive info

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
ccgllc
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April 05, 2018, 02:33:10 PM
 #1923

Yep but the best way is to always test it over a week or 2.
Thanks for the comprehensive info

Only if you like to gamble.  Even Slushpool has good weeks and bad weeks.  Its why their webpage displays their 250 block "luck" - since that should always be close to 100%.  I've seen plenty of times when the other stats there were well below 100%.

Likewise, if you look at the KanoPool block stats, their 500 and alltime average are around 100%, all stats under 50 blocks are well over average, the others are below.

This is not a game to be played for "a week or 2".  

Do not confuse "luck" with "fate" - one looks backwards, the other forward, and they are only randomly in sync.  Its like saying "I predict that half the time you flip a coin it will come up heads" and saying I'm good predictor for future things.

I mine bitcoin for a living, and I mine at Kano.is!
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April 06, 2018, 05:11:28 PM
 #1924

Yep but the best way is to always test it over a week or 2.
Thanks for the comprehensive info

Only if you like to gamble.  Even Slushpool has good weeks and bad weeks.  Its why their webpage displays their 250 block "luck" - since that should always be close to 100%.  I've seen plenty of times when the other stats there were well below 100%.

Likewise, if you look at the KanoPool block stats, their 500 and alltime average are around 100%, all stats under 50 blocks are well over average, the others are below.

This is not a game to be played for "a week or 2".  

Do not confuse "luck" with "fate" - one looks backwards, the other forward, and they are only randomly in sync.  Its like saying "I predict that half the time you flip a coin it will come up heads" and saying I'm good predictor for future things.

I mean put 1 miner on another pool for a week or 2 just to test its returns against all your other miners in another pool.

Can do a comparison on returns then

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
ccgllc
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April 06, 2018, 05:18:34 PM
 #1925

[
I mean put 1 miner on another pool for a week or 2 just to test its returns against all your other miners in another pool.

Can do a comparison on returns then

Your missing my point:  All pools have random luck.  That luck averages out over a period of something like 250-1000 blocks to approximately 100% - as expected.   Using the optimistic  250 number, if your Slushpool and find a dozen blocks a day, that is 20 days.  If your Kano and find a block every couple of days, that is something like 500-750 days.

You CAN NOT compare returns over a period of a week or two and have a statistically valid result.

What you can do is run the math and figure out which will pay out better over a year or so.

I mine bitcoin for a living, and I mine at Kano.is!
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rifleman74
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April 06, 2018, 09:33:39 PM
 #1926

[
I mean put 1 miner on another pool for a week or 2 just to test its returns against all your other miners in another pool.

Can do a comparison on returns then

Your missing my point:  All pools have random luck.  That luck averages out over a period of something like 250-1000 blocks to approximately 100% - as expected.   Using the optimistic  250 number, if your Slushpool and find a dozen blocks a day, that is 20 days.  If your Kano and find a block every couple of days, that is something like 500-750 days.

You CAN NOT compare returns over a period of a week or two and have a statistically valid result.

What you can do is run the math and figure out which will pay out better over a year or so.

What he said.  It's not about the returns today, it's the returns over a longer period of time. 
ustin
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April 07, 2018, 09:32:06 PM
 #1927

As moderator adviced at https://bitcointalk.org/index.php?topic=3278191 , I crosspost my question here:

Quote
I'm NiceHash user (I buy hashpower) and want to mine using antpool.com

Nicehash's minimum difficulty requirement for SHA256 algo is 1,000,000 (10^6), but default pool's mining.set_difficulty is at 4096..32768 time-to-time

I tried to use various combinations of worker's password (d=1000000, md=1000000), but it was helpless.
I searched whole Internet and found https://enforum.bitmain.com/bbs/topics/4619 - there is advice to revert bitmain's/antpool support
Support still keeps silence.

I ask you to advice how to adjust SHA256 minimal difficulty on antpool

Thanks a lot!

Update: Issue solved, big thanks!
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April 07, 2018, 10:57:00 PM
 #1928

[
I mean put 1 miner on another pool for a week or 2 just to test its returns against all your other miners in another pool.

Can do a comparison on returns then

Your missing my point:  All pools have random luck.  That luck averages out over a period of something like 250-1000 blocks to approximately 100% - as expected.   Using the optimistic  250 number, if your Slushpool and find a dozen blocks a day, that is 20 days.  If your Kano and find a block every couple of days, that is something like 500-750 days.

You CAN NOT compare returns over a period of a week or two and have a statistically valid result.

What you can do is run the math and figure out which will pay out better over a year or so.

U cant use it for kano as their variance is too high. I am aware of luck but I didnt know the amount of blocks slushpool gets,etc. I guess comparing antpool against slush over a month or another suitable period is better.

Btw, do u think a program that automatically switches the S9 from a currently higher luck pool to a currently lower luck pool, would give some extra money?

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
ccgllc
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April 08, 2018, 05:14:31 AM
 #1929

Btw, do u think a program that automatically switches the S9 from a currently higher luck pool to a currently lower luck pool, would give some extra money?

You do understand that a pools luck can change in a fractions of a second right?  Its not a THING, it has no MEMORY, its 100.000000000% RANDOM LUCK.  The moment you change from an "unlucky" pool, it could find the next block.

Short answer:  no.

I mine bitcoin for a living, and I mine at Kano.is!
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April 08, 2018, 02:56:07 PM
 #1930

Btw, do u think a program that automatically switches the S9 from a currently higher luck pool to a currently lower luck pool, would give some extra money?

You do understand that a pools luck can change in a fractions of a second right?  Its not a THING, it has no MEMORY, its 100.000000000% RANDOM LUCK.  The moment you change from an "unlucky" pool, it could find the next block.

Short answer:  no.

Yeah but in general it doesnt always do so. There is a wide gap of 70% gap for quite a few hours between last 10 blocks and last 50 blocks on slushpool now. It will go back to near 100% eventually.



Hmmm noted

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ccgllc
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April 08, 2018, 04:43:14 PM
 #1931

Btw, do u think a program that automatically switches the S9 from a currently higher luck pool to a currently lower luck pool, would give some extra money?

You do understand that a pools luck can change in a fractions of a second right?  Its not a THING, it has no MEMORY, its 100.000000000% RANDOM LUCK.  The moment you change from an "unlucky" pool, it could find the next block.

Short answer:  no.

Yeah but in general it doesnt always do so. There is a wide gap of 70% gap for quite a few hours between last 10 blocks and last 50 blocks on slushpool now. It will go back to near 100% eventually.

Hmmm noted

Actually, it DOES do so.  The only way for a pool to go from a historical 70% luck back to average 100% luck is for it to run at over 100% luck for awhile.  e.g.  70% for 2 weeks + 130% for 2 weeks = 100% for 4 weeks; more or less.

I mine bitcoin for a living, and I mine at Kano.is!
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April 08, 2018, 06:45:11 PM
 #1932

Btw, do u think a program that automatically switches the S9 from a currently higher luck pool to a currently lower luck pool, would give some extra money?

You do understand that a pools luck can change in a fractions of a second right?  Its not a THING, it has no MEMORY, its 100.000000000% RANDOM LUCK.  The moment you change from an "unlucky" pool, it could find the next block.

Short answer:  no.

Yeah but in general it doesnt always do so. There is a wide gap of 70% gap for quite a few hours between last 10 blocks and last 50 blocks on slushpool now. It will go back to near 100% eventually.

Hmmm noted

Actually, it DOES do so.  The only way for a pool to go from a historical 70% luck back to average 100% luck is for it to run at over 100% luck for awhile.  e.g.  70% for 2 weeks + 130% for 2 weeks = 100% for 4 weeks; more or less.

What i mean is that it was at a 170% luck. So, changing your pool to another pool with below 80% luck, should mean u gain something because that currently high 170% lucky pool will not be so lucky next and the low 80% luck pool will gain some luck next.

I have read that some people do it manually. Not sure how well it works lol

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
ccgllc
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April 08, 2018, 07:33:36 PM
 #1933


What i mean is that it was at a 170% luck. So, changing your pool to another pool with below 80% luck, should mean u gain something because that currently high 170% lucky pool will not be so lucky next and the low 80% luck pool will gain some luck next.

I have read that some people do it manually. Not sure how well it works lol

Last post on this:  No!  The 170% lucky pool could go to 190% and the 80% luck pool could go to 60%.  ITS RANDOM!!!!  The chances of finding a block ARE NOT affected by prior luck.  PERIOD.

I mine bitcoin for a living, and I mine at Kano.is!
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April 08, 2018, 08:38:11 PM
 #1934



Last post on this:  No!  The 170% lucky pool could go to 190% and the 80% luck pool could go to 60%.  ITS RANDOM!!!!  The chances of finding a block ARE NOT affected by prior luck.  PERIOD.

Hahahaha!!! ccgllc, you sir, have fallen into the "just my 2 cents can of worms"!!! I've posted screen shots, proved my point was
backed with truthful evidence, and debated until the Mod deletes MY posts, but never got to the bottom of the can!!!

Just to pull things back on topic, if you mine at Antpool, you're getting robbed!!!

P.S. Bitmain is killing Bitcoin!!!



Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!!
Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay
I mine BTCitcoin at a non-Corporate pool with no hidden fees, no empty BTClocks: Kano Pool   ■ get Kano Pool signature banners here ■
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April 10, 2018, 12:35:14 AM
 #1935

Btw, is anyone having problems with antpool LTC pool?

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April 12, 2018, 05:56:03 PM
 #1936

I am mining bch at antpool but since 12 ours ago the earning balance has not changed. The hash is normal alao the shares change. Does anybody know what is the problem?
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April 16, 2018, 05:55:19 PM
 #1937

Hi there I’m mining Sia coin since a few days. I just put 3 days ago my wallet adress inside to pay out balance, but I only received my new earnings. The old ones are still on the account! Any help?
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May 05, 2018, 11:42:59 AM
 #1938

what is the most profitable SCRYPT coin atm you guys think?
ccgllc
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May 05, 2018, 03:34:22 PM
 #1939

what is the most profitable SCRYPT coin atm you guys think?

http://www.whattomine.com

I mine bitcoin for a living, and I mine at Kano.is!
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May 07, 2018, 07:00:47 PM
 #1940

im interesting to join antpool with 390-400 Th/s

What would you suggest ? What are the rewards for it

Now days im getting 0.02332671

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