Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool - page 301. (Read 4382801 times)

I clearly stated at the top of the numbered list "Assuming your hash rate does not grow".

This place is rapidly becoming a boring nerd fest.

How hot is that GPU running? I accidentally "quick switched" the coins on my rig (was playing with block erupters) and walked away...after less than an hour I received email notification from my mining software informing me a device exceeded a warning temperature. I checked the rig (gaming machine) and my 2x 5970's had been mining Bitcoin and were hot! I dont remember their hashrates tho

I added a GPU 7970 as new worker over an hour ago (Shits N Giggles), it pulls 627.4063295 Mh on Account page, but cannot confirm if it would get included in any reward as it on the same account as my others.

Wouldnt he would get something seeing slush goes down to .0000000 poompteenth bit now in its hourly average?

all this is quite normal. you have too small of a portion of the entire network to even register. welcome to the pool

way to duke it out

I am a noob, but I really need help.  Not personal, just technical. I am using mining.bitcoin.cz and guiminer on my windows system.

My nvidia cards appear to be working properly, and data shows up on my account page just fine. I have a dual cpu 6-core xeon workstation and my cpus are on vacation most of the time, so I added rpcminer, and although guiminer show good results in Mhash/s nothing appears on my account page.  There's no way I can see what's going on except that the cores are all maxed, so something is happening but nothing appears on my account page.

I decided to use mining_proxy.exe and this allows me to at least see some activity from rpcminer but most of the msgs are requests asking for new work.
(2014-06-27 16:36:07,663 INFO proxy getwork_listener._on_authorized # Worker 'my_worker's name' asks for new work)

Is all this normal?

Thank-you for your help.

Sorry to be pedantic:


Your bold'un is still not quite right.

As long as your hash rate increases proprtionally with the pool hash rate, then the no matter what happens with difficulty or network hash rate, your block reward will remain the same. You might find fewer blocks however but your block reward only goes down if you don't match the increases in your pool rate.

I am a noob, but I really need help.  Not personal, just technical. I am using mining.bitcoin.cz and guiminer on my windows system.

My nvidia cards appear to be working properly, and data shows up on my account page just fine. I have a dual cpu 6-core xeon workstation and my cpus are on vacation most of the time, so I added rpcminer, and although guiminer show good results in Mhash/s nothing appears on my account page.  There's no way I can see what's going on except that the cores are all maxed, so something is happening but nothing appears on my account page.

I decided to use mining_proxy.exe and this allows me to at least see some activity from rpcminer but most of the msgs are requests asking for new work.
(2014-06-27 16:36:07,663 INFO proxy getwork_listener._on_authorized # Worker 'my_worker's name' asks for new work)

Is all this normal?

Thank-you for your help.

Edited post to clarify that I was responding to your statement about difficulty not affecting slush reward per round.

...
2) Pool hash rate is shrinking proportionally to the network (IE: Network grows 30%, pool only grows 20%) => Lower rate of block finds, you get a smaller reward per block.

I've bolded the one that is most likely given the current mining climate.
...

Nah. If the only thing to increase was difficulty then your reward per round on slush pool would not change. You'd just find fewer blocks...

Original statement was either 'correct' or 'incorrect' - mathematics knows of no 'slightly correct' - unless you bring in quantum theory...

Slightly correct actually...

Not correct, increasing difficulty will not alter your slush reward per round - just makes blocks harder to find and hence you find them less often...

Are you looking to sell any of them? Electricity doesn't cost me a thing so I might be interested.

So as I understand it if you have say 1TH/s at the moment you should expect to receive say about .005 per block (excuse the crude figures but they are really for explanation purposes only), and if we currently gat an average of about 5 blocks a day, you earn about about .025BTC per day.

If the difficulty increases then as long as everything else stays the same you should expect about a 20% drop in revenue, this means that you will only see an average of 4 blocks a day, so now you are looking at about 0.20 btc a day.

Now what really happens is that as difficulty increases people invest in new hardware and push up their hash rates to continue to earn more than the electric costs. If you leave your has rate the same your share of the block will decrease in real terms. So what happens is that difficulty goes up and hash rate goes up leaving us still finding about 5 blocks a day but if you haven't increased your hash rate then your earnings will actually go down by 20% per block. In other words your reward per block will drop to .04 and we will still find about 5 blocks a day.

Your cloice is ever decreasing revenues until the revenue is less than the electric cost, at which point you need to retire your equipment (unless you expect BTC prices to increase dramatically), or an ever increasing spend on equipment in the hope that you can play the margins and make more than you spend.

If like me your doing it because its fun, and you hope to make your money back when BTC are worth $1,000,000 each then just keep your old kit and wait, if however this is a real money making exercise then you must increase your hash rate and keep an eye on energy prices if you want to turn a profit.