Topic: [ANN] Jumbucks - Fair Launch - NO IPO - NO PREMINE - $JBS - Multipool - 5+ Stars POD - page 12. (Read 79025 times)
September 05, 2014, 06:03:06 PM
finally got some $JBS in my wallet! I'm running 109.7 Mh/s now
September 05, 2014, 04:21:00 PM
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September 05, 2014, 03:55:46 PM
Ya that is also a problem. As soon as this coin came out, it got flooded and everything was rented. Haha
September 05, 2014, 03:52:04 PM
I would suggest you rent a rig if you want to build some mining power up and use that to mine JBS. Once you get some, you then can just stake and earn coins for holding the ones you mine.
Yeah that's what I'm doing, just waiting for reasonably priced rigs to become available, I've rented 3 so far, 24 hours each, total 23.7 Mh/s
September 05, 2014, 03:45:15 PM
I try to always be higher than the height of difficulty...but that's been kind of difficult in this cult
Does that mean that if I don't use enough mining power I could end up spinning my wheels and not get any coins at all?
I was assuming that your return is generally proportional to the amount of resources you can allocate to mining, or is that not the case?
Correct. You will probably waste more power than you will get back mining on anything than ASICs and a GPU farm. We have a unique situation here where we do not see any value of the coins yet so you are investing essentially in mining power in anticipation for a return but if you are mining very small JBS on your own hardware, you are really wasting power and not seeing any benefit on the cost -> JBS ratio.
I would suggest you rent a rig if you want to build some mining power up and use that to mine JBS. Once you get some, you then can just stake and earn coins for holding the ones you mine.
September 05, 2014, 02:56:18 PM
I try to always be higher than the height of difficulty...but that's been kind of difficult in this cult
Does that mean that if I don't use enough mining power I could end up spinning my wheels and not get any coins at all?
I was assuming that your return is generally proportional to the amount of resources you can allocate to mining, or is that not the case?
September 05, 2014, 01:41:17 PM
In the client and ya, that explains it. Its SCRYPT so ASICs are going to murder your CPU mining, even GPU. If you go into the debug console of the wallet and type getinfo you will see difficulty. Diff has been in the 50-100 range lately so you can get a few decent payouts with about 50-100 MHs rigs but yea, SCRYPT got rented a ton these last few days.
Pool 2 is now the largest outside of the PoS blocks so you are slowly accumulating. Best bet is to rent a miner, do the same address and you will start getting paid when those blocks mature.
Thanks, I really appreciate you taking the time to clear this up for me, sorry for my dumb complaints! I'm trying to pay no more than 0.5 BTC/Gh/day. I'm renting multiple rigs now.
Using getinfo looks like difficulty is really high now:
"difficulty" : {
"proof-of-work" : 147.79379118,
"proof-of-stake" : 0.00086317
},
September 05, 2014, 12:33:43 PM
Difficulty is high man, i'm renting 80 mh/s and it's about 6k coins a day, try renting at least 40-50 mh/s
How do you know it's high? Where do you see this?
September 05, 2014, 12:15:19 PM
Difficulty is high man, i'm renting 80 mh/s and it's about 6k coins a day, try renting at least 40-50 mh/s
How do you know it's high? Where do you see this?
In the client and ya, that explains it. Its SCRYPT so ASICs are going to murder your CPU mining, even GPU. If you go into the debug console of the wallet and type getinfo you will see difficulty. Diff has been in the 50-100 range lately so you can get a few decent payouts with about 50-100 MHs rigs but yea, SCRYPT got rented a ton these last few days.
Pool 2 is now the largest outside of the PoS blocks so you are slowly accumulating. Best bet is to rent a miner, do the same address and you will start getting paid when those blocks mature.
September 05, 2014, 11:51:05 AM
Difficulty is high man, i'm renting 80 mh/s and it's about 6k coins a day, try renting at least 40-50 mh/s
How do you know it's high? Where do you see this?
September 05, 2014, 11:42:50 AM
well I've been mining for over 36 hours so shouldn't I see something?
How fast are you mining? If you are in the Khs range, you may be waiting a while. Here is how the mining works for some clarification.I had my local cpuminer running at about 22KH for 36 hours or more, and a rented a rig that was slightly faster for 9 hours, both at diff 256
I was just hoping to see a little return before throwing more resources at it, plus I'm having a hard time finding reasonably priced rigs
your pool doesn't give much feedback though I did see my address under Workers Stats a number of times while the rented rig and local were going at once, it said 256 or 512 shares at different times
so basically then I don't even have 10 JBS yet is the most likely cause?
September 05, 2014, 11:40:05 AM
well I've been mining for over 36 hours so shouldn't I see something?
How fast are you mining? If you are in the Khs range, you may be waiting a while. Here is how the mining works for some clarification.I had my local cpuminer running at about 22KH for 36 hours or more, and a rented a rig that was slightly faster for 9 hours, both at diff 256
I was just hoping to see a little return before throwing more resources at it, plus I'm having a hard time finding reasonably priced rigs
your pool doesn't give much feedback though I did see my address under Workers Stats a number of times while the rented rig and local were going at once, it said 256 or 512 shares at different times
so basically then I don't even have 10 JBS yet is the most likely cause?
September 05, 2014, 11:22:14 AM
well I've been mining for over 36 hours so shouldn't I see something?
How fast are you mining? If you are in the Khs range, you may be waiting a while. Here is how the mining works for some clarification.When you are mining, you are submitting shares. Your speed and diff come into play with how many shares you submit and how they are paid out. Submitting 1,000 shares at diff 8 is not the same payout as submitting 1,000 at diff 1024 but that will come into play later.
When a block is found, the network takes 510 confirmations for it to mature before they are spendable, same as if you found a block staking your wallet. The block has the TX to the pool wallet so during this time of the reward - the 1.5% but can't be sent in a TX until this is matured.
At block times of 1 minute, this is about 510 minutes or about 8.5 hours for those rewards to start confirming if you had at least 10 coins of that block. Every hour the payments run, if your address has more than 10 JBS, you will get the pool payout. If not, you will continue to build your balance until you break the 10 JBS and then the payout will send to you.
September 05, 2014, 10:14:53 AM
and I can't get pool one to work either, the worker authorization fails using the name and password I set up
stratum+tcp://pool.coinmarketscoin.com:3333
stratum+tcp://pool.coinmarketscoin.com:3333
your worker input should be accountname.workername
oh sorry, I should have seen that! but now that I've corrected it still won't authenticate, I'm using account Username dot Worker Name
September 05, 2014, 10:04:26 AM
and I can't get pool one to work either, the worker authorization fails using the name and password I set up
stratum+tcp://pool.coinmarketscoin.com:3333
stratum+tcp://pool.coinmarketscoin.com:3333
your worker input should be accountname.workername
September 05, 2014, 09:36:03 AM
and I can't get pool one to work either, the worker authorization fails using the name and password I set up
stratum+tcp://pool.coinmarketscoin.com:3333
stratum+tcp://pool.coinmarketscoin.com:3333
September 05, 2014, 09:29:28 AM
well I've been mining for over 36 hours so shouldn't I see something?
September 05, 2014, 09:26:55 AM
how many days does that take?
It took mine about 10 hours then they started speaking about 10 hours after that
September 05, 2014, 09:22:49 AM
how many days does that take?
September 05, 2014, 09:16:52 AM
You need 500 confirms
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