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Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool - page 572. (Read 4382714 times)

legendary
Activity: 1750
Merit: 1007
But in the long term (years) they should just about equal out.

Just FYI, to equal out over the course of years, you would need a decent amount of speed (50 GH/s+ right now) that continues to grow proportional to overall network speed.  Otherwise, you're looking at a time frame of decades/centuries or more :p.  Right now, 50 GH/s on average won't even find a block per month, meaning you'll on average see 2-3 difficulty changes between solves.  A bad luck round is normally 3-5x expected time frame, which at 50 GH/s [and upgrading each difficulty increase] would be 5-9 months.  Extremely bad luck rounds (which do happen) are up to 10x difficulty (and very rarely, even worse).

It would likely take you years to recover from that bad round, assuming you continue to increase your hash rate proportional to the network difficulty the entire time.  The flip side is, you could end up _way_ ahead with some good luck rounds early on.
hero member
Activity: 490
Merit: 500
This is a good place to check if you're thinking about solo mining...

http://www.bitcoinx.com/profit/
hero member
Activity: 490
Merit: 500
I'm pretty sure your odds are the same.  Pool difficulty is less than the network difficulty, but every time you find a share you are solving the pool problem.  The pool just compares your result against the network problem to see if you solved the block.

But just because the odds are the same, doesn't mean you will find a block solo mining after 1 week.  There are calculators out there that can tell you based on the difficulty and your ghash how long it SHOULD take you to find a block solo mining, but that doesn't mean that is how it will turn out.

People tend to use pools because they equal steady income over time.  Solo mining is more like playing the lottery.  But in the long term (years) they should just about equal out.
full member
Activity: 172
Merit: 100
Doesn't your luck in finding blocks within the pool sort of differ from finding blocks on your own solo-mining?

Like ...the blocks you find would probably not be looked at by your miners unless you were within the pool so therefore you probably wouldn't have found those specific blocks... but i guess with that logic, you still have the same chances of finding a block either way.

I was on bitminter for 1 week when I found my first block. I'm running 20 gh/s, with pool mining I will basically never get to 25btc.

Does this mean that technically I had the same chances of finding that block while solo mining?

And if so, does anyone think I could actually find a block using a 20 gh/s, from my understanding its basically a crapshoot or near impossible. Or was my 1 block in 1 week a total anomaly?

Just wonderwandering here...


So why the big fuzz that i have found a block in my statistics lol?

People also use it to determine their individual luck.  If you've found 5 blocks total, and have a total payout of 140 btc then your more profitable than you would be solo mining, hence lucky. 

However if you have found 5 blocks total but have only been paid out 100 btc, then you're less profitable than you would have been solo mining, hence unlucky.

This is all assuming you only mined after the block halving.

Personally, I've found 7 blocks, and have been paid out 468 btc.  So I'm well ahead of the game (95% of those stats were earned pre-block halving so my blocks count as 50 btc).

hero member
Activity: 752
Merit: 500
bitcoin hodler
I found 5 blocks (one before halving) and I was paid out 27 BTC, so I'm sponsoring the pool Smiley
hero member
Activity: 490
Merit: 500
So why the big fuzz that i have found a block in my statistics lol?

People also use it to determine their individual luck.  If you've found 5 blocks total, and have a total payout of 140 btc then your more profitable than you would be solo mining, hence lucky. 

However if you have found 5 blocks total but have only been paid out 100 btc, then you're less profitable than you would have been solo mining, hence unlucky.

This is all assuming you only mined after the block halving.

Personally, I've found 7 blocks, and have been paid out 468 btc.  So I'm well ahead of the game (95% of those stats were earned pre-block halving so my blocks count as 50 btc).
hero member
Activity: 752
Merit: 500
bitcoin hodler
So why the big fuzz that i have found a block in my statistics lol?

well, you can be happy that you became a part of the bitcoin history Smiley
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
So why the big fuzz that i have found a block in my statistics lol?
hero member
Activity: 752
Merit: 500
bitcoin hodler
I have found a new block...do i get some more from it or is it just information?

you get the same like everyone else...
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
I have found a new block...do i get some more from it or is it just information?
hero member
Activity: 569
Merit: 500

19695    2013-08-20 16:36:14    2:42:38    83893598    11780    0.00344829    253220    25.20305002    invalid

Shows relayed by Slush and valid on Main Chain -- fix plz.  Any idea why the pool servers are starting to throw these errors?

yeah valid....
full member
Activity: 174
Merit: 100
< My mining rig >

19695    2013-08-20 16:36:14    2:42:38    83893598    11780    0.00344829    253220    25.20305002    invalid

Shows relayed by Slush and valid on Main Chain -- fix plz.  Any idea why the pool servers are starting to throw these errors?
member
Activity: 102
Merit: 10
once again if you click it its valid
member
Activity: 113
Merit: 10
19695   2013-08-20 16:36:14   2:42:38   83893598   69264   0.02116766   253220   25.20305002    invalid

another one popped up =/
full member
Activity: 174
Merit: 100
< My mining rig >
Now it appears that they are both confirmed instead of invalid.

Why tese happens, again two in a row ?

19682    2013-08-19 22:47:11    2:19:51    71506708    208054    0.06592060    253091    25.37953223    invalid
19681    2013-08-19 20:27:20    2:21:40    71930298    210595    0.07538372    253075    25.28987285    invalid


Hopefully Slush will do some troubleshooting.  Both of these blocks showing valid on main chain.

Stealth Slush  Smiley
legendary
Activity: 4256
Merit: 1313
Now it appears that they are both confirmed instead of invalid.

Why tese happens, again two in a row ?

19682    2013-08-19 22:47:11    2:19:51    71506708    208054    0.06592060    253091    25.37953223    invalid
19681    2013-08-19 20:27:20    2:21:40    71930298    210595    0.07538372    253075    25.28987285    invalid


Hopefully Slush will do some troubleshooting.  Both of these blocks showing valid on main chain.
hero member
Activity: 560
Merit: 500
is password reset on website actually working? I've been waiting for hours, nothing. not in spam etc. website doesn't return a 'confirmation' that the email was even sent.
full member
Activity: 174
Merit: 100
< My mining rig >
Why tese happens, again two in a row ?

19682    2013-08-19 22:47:11    2:19:51    71506708    208054    0.06592060    253091    25.37953223    invalid
19681    2013-08-19 20:27:20    2:21:40    71930298    210595    0.07538372    253075    25.28987285    invalid


Hopefully Slush will do some troubleshooting.  Both of these blocks showing valid on main chain.
full member
Activity: 172
Merit: 100
if you click the blocks it doesnt say orphaned

Yes I did think if there was an actual error - it would mentioned when you look up the block
Like the other 2 from the other day were labelled as orphaned...
legendary
Activity: 4256
Merit: 1313
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