hi all, so after week of mining, I am still confused and I am hoping that someone can explain few more things.
So am I reading this right that blocks play critical role in rewards. E.g. if a pool has not found a block for 5 days, then we are all only getting tiny payout? e.g. at 550gh/s I am getting approx 0.0025 for each block found and in last few days we had a good run so there were quite a few. So thats cool. However, if the pool has not found a block for a week lets say, does that mean that all I am getting is the same 0.0025 ? If that is the case, I understand now why ppl are jumping pools but how does the equatino work out over long term if I stay with the pool, does it balance out ? Also, how many blocks on average does Slush's pool find ? Where can I find that statistic?
also regarding the long periods to find a block, if the above is true, then its bit crazy as for example, if I am running a 1THs setup which would chew up approx 900W of power that would equate to $5.40 electricity cost per day but if all I get is 0.0025btc, thats only equal to $1.50 .... so thats why this all confuses me. If someone could explain, that would be great. thanks
Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool - page 278. (Read 4382675 times)
August 02, 2014, 04:56:07 PM
August 02, 2014, 11:17:00 AM
hi bigbitmine,
what is the payout for eligius? i moved to eligius when slush hit the 1 day duration but the payout was very small
what is the payout for eligius? i moved to eligius when slush hit the 1 day duration but the payout was very small
I ran 2 Antminer S3 and an Antminer S1. Total hash was approx 1050 GH/s. Earnings were approx 0.025 per day. Earnings per block was approx 0.0028. On Slush the they get about 0.0050 per block. Slush can "normally" churn out about 5 blocks per day on average so it was similar. Eligius paid out at 0.044. They add the request to the payment queue and I got the reward after approx 5-6 hours.
August 02, 2014, 10:04:26 AM
Slush is probably mining them and keeping them for himself as well as charging the pool fee.
Proof? Sounds like bullshit and slander to me.
August 02, 2014, 09:08:06 AM
Slush is probably mining them and keeping them for himself as well as charging the pool fee.
Proof? Sounds like bullshit and slander to me.
August 02, 2014, 08:44:29 AM
End result was there's not much point going elsewhere. Payout was set to 0.04 minimum and was paid quickly. Left them with 0.029 in the kitty.
Just stay calm and ride out the rough!
sure there is, move to ghash and get paid your nmc like you should be. Slush is probably mining them and keeping them for himself as well as charging the pool fee.Just stay calm and ride out the rough!
So go to ghash get your nmc, ixc, dvc as an added bonus.
If you are in it for the money, I don't see why you wouldn't.
August 02, 2014, 01:05:07 AM
hi bigbitmine,
what is the payout for eligius? i moved to eligius when slush hit the 1 day duration but the payout was very small
what is the payout for eligius? i moved to eligius when slush hit the 1 day duration but the payout was very small
August 01, 2014, 09:14:44 PM
After the recent glitch in the Slush matrix I decided to move the test miners over to Eligius. Hardly any change to a regular day on Slush. They're moved back now. End result was there's not much point going elsewhere. Payout was set to 0.04 minimum and was paid quickly. Left them with 0.029 in the kitty.
Just stay calm and ride out the rough!
Just stay calm and ride out the rough!
August 01, 2014, 09:04:32 PM
luck is luck, serious, many complaints on the bad luck
but 3 short duration in a row.
hurray~~~
but 3 short duration in a row.
hurray~~~
August 01, 2014, 06:15:24 PM
I see the luck is back in our favour, without any action from anyone. Luck is luck, variance is another matter but playing the varience of pools is as risky as playing the stockmarket.
Indeed this cannot be! How are we to have forum parties together about bad luck and drinking booze to forget our bad luck!? 
.
August 01, 2014, 12:47:18 PM
I see the luck is back in our favour, without any action from anyone. Luck is luck, variance is another matter but playing the varience of pools is as risky as playing the stockmarket.
I helped by moving 4 of my miners away. That always seems to help. 
I could move some more away to spit out a few 10 block days.
August 01, 2014, 10:41:52 AM
I see the luck is back in our favour, without any action from anyone. Luck is luck, variance is another matter but playing the varience of pools is as risky as playing the stockmarket.
August 01, 2014, 07:11:07 AM
A quick question to Slush's. I am thinking of giving up mining against your pool. Nothing personal, just with only 2Ghz, it's never really going to be worth the hassle. I have 0.00308557 BTC reward in my account. Any way I can get it out? I would like to have something to show for my time and effort.
Thanks.
Shaun
Thanks.
Shaun
What if you change your payment threshold to 0.00308557
Would that work? Or is there a minimum threshold?
Also - if you are in NZ I could sell you a 180GH Antminer S1 for cheap
then you could mine up a little faster.[
http://support.bitcoin.cz/Knowledgebase/Article/View/11/0/is-here-any-instant-payout-button
Then I guess Slush gets to keep anything that get mined and abandoned. Probably a nice little earner.
You realize .01 the minimum is only around $5. USD?
Hope you would further realize the difficulty in getting that 0.01 BTC (approx $5.93 USD today) converted to "cash" when the typical minimum Conversion amount is 0.1 BTC (approx $59.30 USD). Your $1.83 isn't gonna make Slush break a sweat. He already get 2% of every block resolved (roughly $300 USD) so he smiles everyday on average 6 times per day, and breaks out into serious laughter when the "luck" is running high. But then of course he does have operating expenses that I wouldn't even want to ponder............... so, eh!
July 31, 2014, 07:54:51 PM
A quick question to Slush's. I am thinking of giving up mining against your pool. Nothing personal, just with only 2Ghz, it's never really going to be worth the hassle. I have 0.00308557 BTC reward in my account. Any way I can get it out? I would like to have something to show for my time and effort.
Thanks.
Shaun
Thanks.
Shaun
What if you change your payment threshold to 0.00308557
Would that work? Or is there a minimum threshold?
Also - if you are in NZ I could sell you a 180GH Antminer S1 for cheap
then you could mine up a little faster.[
http://support.bitcoin.cz/Knowledgebase/Article/View/11/0/is-here-any-instant-payout-button
Then I guess Slush gets to keep anything that get mined and abandoned. Probably a nice little earner.
Yeah, your $1.69 is going to make Slush rich!
I guess he reaaaally knows the value of a dollar
. 
July 31, 2014, 06:59:54 PM
A quick question to Slush's. I am thinking of giving up mining against your pool. Nothing personal, just with only 2Ghz, it's never really going to be worth the hassle. I have 0.00308557 BTC reward in my account. Any way I can get it out? I would like to have something to show for my time and effort.
Thanks.
Shaun
Thanks.
Shaun
What if you change your payment threshold to 0.00308557
Would that work? Or is there a minimum threshold?
Also - if you are in NZ I could sell you a 180GH Antminer S1 for cheap
then you could mine up a little faster.[
http://support.bitcoin.cz/Knowledgebase/Article/View/11/0/is-here-any-instant-payout-button
Then I guess Slush gets to keep anything that get mined and abandoned. Probably a nice little earner.
You realize .01 the minimum is only around $5 USD?
July 31, 2014, 06:09:07 PM
A quick question to Slush's. I am thinking of giving up mining against your pool. Nothing personal, just with only 2Ghz, it's never really going to be worth the hassle. I have 0.00308557 BTC reward in my account. Any way I can get it out? I would like to have something to show for my time and effort.
Thanks.
Shaun
Thanks.
Shaun
What if you change your payment threshold to 0.00308557
Would that work? Or is there a minimum threshold?
Also - if you are in NZ I could sell you a 180GH Antminer S1 for cheap
then you could mine up a little faster.[
http://support.bitcoin.cz/Knowledgebase/Article/View/11/0/is-here-any-instant-payout-button
Then I guess Slush gets to keep anything that get mined and abandoned. Probably a nice little earner.
Yeah, your $1.69 is going to make Slush rich!
July 31, 2014, 04:53:59 PM
A quick question to Slush's. I am thinking of giving up mining against your pool. Nothing personal, just with only 2Ghz, it's never really going to be worth the hassle. I have 0.00308557 BTC reward in my account. Any way I can get it out? I would like to have something to show for my time and effort.
Thanks.
Shaun
Thanks.
Shaun
What if you change your payment threshold to 0.00308557
Would that work? Or is there a minimum threshold?
Also - if you are in NZ I could sell you a 180GH Antminer S1 for cheap
then you could mine up a little faster.[
http://support.bitcoin.cz/Knowledgebase/Article/View/11/0/is-here-any-instant-payout-button
Then I guess Slush gets to keep anything that get mined and abandoned. Probably a nice little earner.
July 31, 2014, 04:45:01 PM
A quick question to Slush's. I am thinking of giving up mining against your pool. Nothing personal, just with only 2Ghz, it's never really going to be worth the hassle. I have 0.00308557 BTC reward in my account. Any way I can get it out? I would like to have something to show for my time and effort.
Thanks.
Shaun
Thanks.
Shaun
What if you change your payment threshold to 0.00308557
Would that work? Or is there a minimum threshold?
Also - if you are in NZ I could sell you a 180GH Antminer S1 for cheap
then you could mine up a little faster.[
/quote
http://support.bitcoin.cz/Knowledgebase/Article/View/11/0/is-here-any-instant-payout-button
July 31, 2014, 04:21:42 PM
A quick question to Slush's. I am thinking of giving up mining against your pool. Nothing personal, just with only 2Ghz, it's never really going to be worth the hassle. I have 0.00308557 BTC reward in my account. Any way I can get it out? I would like to have something to show for my time and effort.
Thanks.
Shaun
Thanks.
Shaun
What if you change your payment threshold to 0.00308557
Would that work? Or is there a minimum threshold?
Also - if you are in NZ I could sell you a 180GH Antminer S1 for cheap
then you could mine up a little faster. July 31, 2014, 12:45:02 PM
About the best you can do is to spread your hashing power with 2,3 or 4 pools to reduce your risks associated with variance.
If you like Slush's pool or any other one that is great, but to just mine one pool is not the smartest thing to do. This is especially true when it comes to smaller pools!
If you are to small to diversify, then you need to go with a large pool.
Small pools when they get to small have no choice but to somehow increase their has rate or shut down.
I remember give-me-coins.com shut down the "BitCoin" mining pool they were running as it was just to small.
I use to mine litecoin and feathercoin with them. A very nice smaller pool.
The problem is they start a pool, and most stop development. They don't really want to put any more money or time into development.
Some people don't like GHash.io because they are so large, but I feel the reason they are so large is because they have a great platform. I am confident that they have put in extreme amounts of cash and labor and it shows.
Hard work pays off.
I know Slush could have just as good a platform if he tried, but I have not seen anything change here really. (In a very, very long
time.)
How much more do you think a pool could make if they went from 5 to 35 petahash and stayed at 2% fees. I bet they make a lot more :-)
If you like Slush's pool or any other one that is great, but to just mine one pool is not the smartest thing to do. This is especially true when it comes to smaller pools!
If you are to small to diversify, then you need to go with a large pool.
Small pools when they get to small have no choice but to somehow increase their has rate or shut down.
I remember give-me-coins.com shut down the "BitCoin" mining pool they were running as it was just to small.
I use to mine litecoin and feathercoin with them. A very nice smaller pool.
The problem is they start a pool, and most stop development. They don't really want to put any more money or time into development.
Some people don't like GHash.io because they are so large, but I feel the reason they are so large is because they have a great platform. I am confident that they have put in extreme amounts of cash and labor and it shows.
Hard work pays off.
I know Slush could have just as good a platform if he tried, but I have not seen anything change here really. (In a very, very long
time.)
How much more do you think a pool could make if they went from 5 to 35 petahash and stayed at 2% fees. I bet they make a lot more :-)
Great job on the varience/luck info, but understand Ghash.io is so big because they own most of the hardware mining there. That's why people don't like them. It doesn't have anything to do with platforms. Slush for the most part created pooled mining and the stratum proxy we have to use for asics and is now putting out the wallet that will launch bitcoin to a whole new level. Anyway, all this is actually a complement to you for your post, I just got a little side tracked.
July 31, 2014, 12:15:40 PM
I use GHash.IO sometimes too but it makes me feel guilty. Not sure why, but feels like I'm helping to feed a monster.
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