That's crazy! Pool luck is like 440%. Lol. I know it won't last but its cool right now.
What's crazier right before you hit that we were getting ddos attacked and all my miners got knocked offline.
Topic: [4 PH/S+] BCMonster.com Mining Pool / [PPLNS Payout][Pays TxFee] - page 37. (Read 111845 times)
February 09, 2016, 02:44:47 PM
February 09, 2016, 02:36:09 PM
Good thing I just threw my bonus towards another rental for us. The pool should be at 2ph shortly.
That would be amazing if you were to find our second block also!
Was that a prediction.
Well done krisgt30.
Come on make it three while the rental is still hot.
Mario.
February 09, 2016, 02:32:03 PM
Got a little bit of time left on the rental too, who needs 40ph pools?
February 09, 2016, 02:25:20 PM
Congratulations !!!!! You're the best you've got a flair!!!!!
February 09, 2016, 02:24:15 PM
plz don't.....
keep mining
keep mining
February 09, 2016, 02:22:16 PM
2 blocks in one week, I should retire from mining now
February 09, 2016, 02:20:33 PM
BLOCK...those 2ph did the trick!!!
February 09, 2016, 12:29:48 PM
Still a couple of hours left on the rental, looks like got bumped down due to price increase.
February 09, 2016, 01:06:59 AM
Good thing I just threw my bonus towards another rental for us. The pool should be at 2ph shortly.
That would be amazing if you were to find our second block also!
February 08, 2016, 11:15:24 PM
Good thing I just threw my bonus towards another rental for us. The pool should be at 2ph shortly.
February 08, 2016, 11:13:59 PM
I'm going to go ahead and put out a 2BTC bonus for the first block from now till feb 14th at midnight Est!
February 08, 2016, 07:02:56 PM
It should be running lower last couple of hours. Price is up right now. Thats why it is slowing.
February 08, 2016, 06:39:02 PM
Price went up. My PH/s. Rental will be back when it drops.
How long is this second rental going for? I may throw another in to help when yours is up.
February 07, 2016, 07:03:39 PM
Price went up. My PH/s. Rental will be back when it drops.
February 07, 2016, 06:24:35 PM
I have just checked my wallet and am happy to say - Payment received - Thank you.
Now I'm back home I'll add some more hash to help things on a little.
Here's to the next block.
Mario.
Now I'm back home I'll add some more hash to help things on a little.
Here's to the next block.
Mario.
February 07, 2016, 12:08:10 PM
I dont disagree with you whatsoever, however there is that element of randomness in blockfinding that makes the statistics mean a lot less. That being said, I hope your pool and BCmonster see a lot of luck and gain a ton of new members.
It's all random since mining is really nothing more than brute force attempts to find a hash that satisfies the requirements. The poisson distribution model describes the expectations, which is what we all use to calculate things like expected earnings, time to find a block, etc. However, as you saw with this pool's first block, and my pool's blocks, the models may indeed describe expected values, but the reality can be quite different.The more hash rate a pool has, the closer to the model things become. This is variance.
Believe me, I'd love to see our smaller pools become successful and attract more miners. The more we have, the less the big, bad-for-bitcoin pools have. I'm enormously happy for kano's pool. The growth he's had is remarkable. It would be very nice to see similar growth on my pool, here on this pool, on mmpool, bitminter, etc.
February 07, 2016, 11:58:56 AM
Awesome, and thanks for the blockfinding bonus!!!!!
February 07, 2016, 11:42:53 AM
I dont disagree with you whatsoever, however there is that element of randomness in blockfinding that makes the statistics mean a lot less. That being said, I hope your pool and BCmonster see a lot of luck and gain a ton of new members.
Putting a 12+ 1 PH rental online now.
February 07, 2016, 11:30:31 AM
I dont disagree with you whatsoever, however there is that element of randomness in blockfinding that makes the statistics mean a lot less. That being said, I hope your pool and BCmonster see a lot of luck and gain a ton of new members.
February 07, 2016, 11:24:02 AM
It's statistics. You are correct that you'd see more per block here than on other pools. However, you would see far fewer blocks here than on the other pools. A pool with 20 PH/s expects to find 2.7916 blocks a day at current difficulty. A pool with 1 PH/s expects to find a block every 7.1633 days. (these numbers are rounded off)
Let's say you have 100 TH/s of gear. On pool 1, you represent 0.5% of the pool's total hashing power. All things being equal, you would expect to make 0.125BTC per block. On pool 2, you represent 10% of the pool's total hashing power. You would expect to make 2.5BTC per block.
Pool 1 would solve 20 blocks for every 1 block solved by pool 2.
So, what does that mean? Yup... you make more per block on the smaller pool; however, by the time you've found that block you've made the same amount of coin on the larger pool.
Now, when you factor in the nature of mining (luck swings, difficulty changes, orphans, etc) you are far more likely to be impacted on the smaller pool than on the larger one.
Let's say you have 100 TH/s of gear. On pool 1, you represent 0.5% of the pool's total hashing power. All things being equal, you would expect to make 0.125BTC per block. On pool 2, you represent 10% of the pool's total hashing power. You would expect to make 2.5BTC per block.
Pool 1 would solve 20 blocks for every 1 block solved by pool 2.
So, what does that mean? Yup... you make more per block on the smaller pool; however, by the time you've found that block you've made the same amount of coin on the larger pool.
Now, when you factor in the nature of mining (luck swings, difficulty changes, orphans, etc) you are far more likely to be impacted on the smaller pool than on the larger one.
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