Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool - page 555. (Read 4382714 times)

Again, it's after all expenses (equipment depreciation, energy bill, etc.) are applied, i.e. if you create a balance sheet after producing one BTC, a -$100 balance resulted.  However, an asset worth $138 has also been acquired in the process (1 BTC) in my example.  That leaves a $38 profit ($138 less $100).

Perhaps, I should have taken your post from my original quote; my post was in reference to my concept being similar to scooter's and not your post.

p.s.  I see your point though.  It would not be a loss.  I tend to isolate BTC mined and apply them last (since they are very volatile) in my way of accounting (more like ghetto accounting).

Expenses are subtracted from what amount?
If you subtracted from the coins value, like:
1 BTC: 138$
minus energy 200$
minus value decrease of hardware 38$
= -100$

than its not a coin which cost 100$ and is a good buy, its a coin which cost 238$ and is worth 138$, thus a bad buy which made you loose 100$.


If you just list all expenses and get 100$, thats not a 100$ loss, its 100$ costs, and if compared to the BTC price, you end up with a 38$ win.
If you did it that way, you calculated right, and i was just confused by the terms u used.
But the point of my initial post was to say that there is really no way for energy costs alone to not exceed the value of the mined coins by far.
So what i want to say: If you mine BTC with GPUs, even when not considering hardware costs, you will always end up "buying" BTC at a very very very expensive rate.

#   Block found at   Duration   Total shares    Your shares    Your BTC reward    Block #   Block value   Validity
20061    2013-09-16 05:16:58    1:14:04    66928719    49531    0.02453905    258271    25.17486378    85 confirmations left
20060    2013-09-16 04:02:54    2:42:23    146349338    4333    0.00076529    258261    25.11184913    75 confirmations left
20059    2013-09-16 01:20:31    7:51:12    427752608    384437    0.00074610    258243    25.33121055    57 confirmations left
20058    2013-09-15 17:29:19    0:13:43    12548741    12495    0.02438421    258178    25.19760381    confirmed
20057    2013-09-15 17:15:36    0:30:45    27923822    26600    0.02210033    258176    25.03930960    confirmed
20056    2013-09-15 16:44:51    1:41:51    92542754    87780    0.02440325    258172    25.17849582    confirmed
20055    2013-09-15 15:03:00    0:28:30    25660964    23275    0.02137285    258164    25.10434846    confirmed
20054    2013-09-15 14:34:30    3:54:12    212791583    203525    0.02038170    258159    25.08676663    confirmed
20053    2013-09-15 10:40:18    2:36:46    141656128    133525    0.02343147    258135    25.18045046    invalid
20052    2013-09-15 08:03:32    1:00:39    54904212    53235    0.02388774    258117    25.02893680    confirmed
20051    2013-09-15 07:02:53    4:03:00    218937938    209965    0.02502974    258108    25.32093276    confirmed

Same here. I restarted the mining proxy to fix it.

My example is just that, an example.  I didn't specifically say that GPUs would yield a -$100 loss per BTC.  Just in case you didn't get the gist of it, it's just a different way of looking at it (hence I stated, "It's all relative").  Why would it be counting the value of coins twice?  Please explain in detail.  What part of "after all the operating expenses are applied" makes it "counting the coin's value twice"?  I reiterate: if I ended up with a -$100 (loss) after all the expenses are subtracted, it stands that I have one BTC that cost me $100 (debit) which is actually worth $138 or so in the market.  Doesn't it mean that I'm still ahead $38 if I exchange that one BTC for $138?

In that case, you hace counted the coins' value twice.
Unless, of course, "if mining one BTC ends up yielding a negative bottom line of -$100" does mean you have counted costs and not subtracted the coins value yet.
But with a GPU, you definitely use way way more than 138$ on energy per coin you mine.

The "i convert currencies" explanation is perfectly fine, its just interesting that some trade a BTC for 300$ using the GPU, which is loud and hot in your room all the time, instead of buying from some guy at 138$ Not paying for energy could be one good reason, but there are stories where the miners found out these kind of deals can easily get cancelled when they start consuming way more than before all the time. The only explanation where i dont feel someone is really mis-calculating, is "its my hobby, i have no problem with my hobby costing money".

lmao!

It turned out to be one of my high cfm fan controller going bad and stopped a case fan that was directly pushing air onto the card. This was also at night time so there was no air conditioning, hence temp jump. I removed the controller and all is back to normal but noisy as hell because this fan does 260cfm and sounds like a vacuum cleaner going.


I have free power... or say included in rent so whatever.

Interesting.  I try to present a similar concept when I get asked about operating expenses (hardware, power bill, etc.) versus BTC mined.  For example: if mining one BTC ends up yielding a negative bottom line of -$100 (technically a loss) after all the operating expenses are applied, it can be argued that it is akin to buying one BTC at $100.  Therefore, based on the current BTC-USD average exchange rate of $138, it would then be an excellent buy.  It's all relative.

Nothing wrong with using a utility as a currency exchange.
The higher cost is just the premium the utility is charging you to convert one currency to another.

I am pulling my BF from Slush's.
From BitFury page I am hitting 36-39GH/s (running 24/7 obviously)
Lately there have been to many instances where BF is reporting 36Gh lets say ans Slush's is saying my reward is not what is should be.
My only temporary fix for this was to restart my miner every few hours or when I catch the rewards levels drifting off to where I know it's a problem somewhere.
(I am going to test a few days with Bitminter to see if any difference. The last 30min it's been 37 to 40Gh.)

Let the test begin.


#   Block found at   Duration   Total shares   Your shares   Your BTC reward   Block #   Block value   Validity
20058   2013-09-15 17:29:19   0:13:43   12548741   6854   0.01344081   258178   25.19760381    73 confirmations left
20057   2013-09-15 17:15:36   0:30:45   27923822   15687   0.01340737   258176   25.03930960    71 confirmations left
20056   2013-09-15 16:44:51   1:41:51   92542754   53523   0.01400364   258172   25.17849582    67 confirmations left
20055   2013-09-15 15:03:00   0:28:30   25660964   8143   0.00795845   258164   25.10434846    59 confirmations left
20054   2013-09-15 14:34:30   3:54:12   212791583   113196   0.00777608   258159   25.08676663    54 confirmations left
20053   2013-09-15 10:40:18   2:36:46   141656128   82434   0.01397730   258135   25.18045046    30 confirmations left
20052   2013-09-15 08:03:32   1:00:39   54904212   33131   0.01343850   258117   25.02893680    12 confirmations left
20051   2013-09-15 07:02:53   4:03:00   218937938   126283   0.01426751   258108   25.32093276    3 confirmations left
20050   2013-09-15 02:59:53   5:12:41   284428611   135114   0.01408910   258072   25.12901062    confirmed
20049   2013-09-14 21:47:12   2:13:35   122161653   56129   0.00753105   258034   25.14307541    confirmed
20048   2013-09-14 19:33:37   0:50:57   46401717   27014   0.01465370   258015   25.01535462    confirmed
20047   2013-09-14 18:42:40   0:13:34   12502023   6850   0.01222630   258003   25.07640000    confirmed
20046   2013-09-14 18:29:06   0:02:01   1829874   929   0.01257313   258001   25.03120000    confirmed
20045   2013-09-14 18:27:05   1:37:26   88768628   41450   0.01300920   258000   25.09370015    confirmed
20044   2013-09-14 16:49:39   0:31:22   28885734   16083   0.01064981   257982   25.24410730    confirmed
20043   2013-09-14 16:18:17   2:17:04   122606366   52388   0.01310560   257979   25.25859928    confirmed
20042   2013-09-14 14:01:13   0:34:28   29963805   18377   0.01397606   257961   25.08078998    confirmed
20041   2013-09-14 13:26:45   3:19:09   170795001   77586   0.01602968   257953   25.09193760    confirmed

My suggestion: quit running that card.
My question: how much more do you pay on energy compared to your BTC reward?

I had a 7970 that suddenly began to run at much higher temps - turned out one of the fans had stopped turning - see here for the various suggestions from the community...

https://bitcointalksearch.org/topic/1-fan-not-spinning-xfx-radeon-7970-925m-3gb-advice-needed-250705

Always wait a few days before looking at new difficulty projections, they're VERY inaccurate at first.  Right now BTC Guild was running at 150%+ luck for the last 18 hours.  That effectively puts the network speed projections at +175 TH/s just from BTC Guild.  If any other large pools had a similar lucky streak, the estimate is completely thrown off until that luck evens out.

holy hashrates batman! anyone else been watching the next difficulty prediction?  0_o

I'll see it today when I'm at the site but thanks for the pointer, sensor could say one thing and fan could be off. Are they easy to find and replace?

When you physically look at the fans - are they both spinning full speed?

Did he say why?  Just curious.

I have 3 GPU miners each with a single 7950 card. One of the cards suddenly is going extremely high in temperature reaching cutoff within a minute. Fan speed shows as if it's spinning at normal rate. This is my first GPU issue since I started mining a couple of months ago. Can anyone tell me what I should look for?

I have since turned it down too  750MHz GPU speed and temps are steady at 87C - and this thing is doing as much hash rate as a USB block erupter, which is a shame.

Any help is appreciated.

Thanks for the explanation.

I think what he means is with the higher worker diff rate it just appears they have a higher rejection rate only because you need to take your accepted shares x worker diff then divide by your rejects to see what the rejected % is.