[ANN][CRC] Craftcoin - Portable Minecraft Game Currency w. Economy Plugin - page 29.

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

Quote from: nearmiss on July 10, 2013, 09:04:35 AM

success! That backup card was a champ.

Nice job, nearmiss! Unfortunately Homer had to step away from the pool to support a soon/already dead coin GME.

Homer is back up on the pool for the last 4-5 hours, and just split his hashing power with the other pool (PPS http://crc.cryptocoinmine.com/).

Since Homer is the only one left on the http://crc.scryptmining.com/ I don't think 800Kh/s is going to find a block by itself.

rovchris

full member

Activity: 238

Merit: 100

dreamwatcher - solved a block for your pool with 100% donation

Hopefully it will help offset some of your losses.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

wow thanks!

rovchris

full member

Activity: 238

Merit: 100

Dude that is a decent landing site! I am impressed!

Just created an account on the annoncoin pool.

I'll fire 19 mhs at it tomorrow to give you a helping hand.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

ive actually decided to go for an alternative, p2pool ive got one in the works for the next hour or so for craftcoin and mastercoin. The advantage of that is no one can accuse me of scamming, So if any of you would like to mine there feel free

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

ive taken it down atm so i can include pplns on it and hopefully vardiff soon. But itll be on http://crypto-expert.com
Ill add a notice on there when its online
thanks man anything at all is appreciated

rovchris

full member

Activity: 238

Merit: 100

I just solved a CRC block woo hoo - but not on the pool

rovchris

full member

Activity: 238

Merit: 100

Ahmed what is the website for your pools - Ill mine some anoncoins on it tomorrow for a few hours with a 100% donation to help you out.

rovchris

full member

Activity: 238

Merit: 100

Quote from: ahmed_bodi on July 10, 2013, 03:17:32 PM

yep i do i had one at me on the first day i released my web wallets and block explorers. added cloudflare and upgraded to a higher and more costly server but due to the scam accusations the real likeliness of anyone mining on my pools now are nill, so ive had to cut my losses and close the majority of my pools. Leaving 3 pools 1. ifc pps, 1 ifc prop and 1 anoncoin. only because i like the 2 coins

Damn - why people do it - I will never know!

I have noticed how quick people are here on Bitcointalk to call someone a scammer or a troll - or just plain and simple personal insults or just general abuse - Some days it can be very tedious and I don't know if they realise what a bad impression it gives of the community as a whole.

I feel your pain man.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

yep i do i had one at me on the first day i released my web wallets and block explorers. added cloudflare and upgraded to a higher and more costly server but due to the scam accusations the real likeliness of anyone mining on my pools now are nill, so ive had to cut my losses and close the majority of my pools. Leaving 3 pools 1. ifc pps, 1 ifc prop and 1 anoncoin. only because i like the 2 coins

rovchris

full member

Activity: 238

Merit: 100

I pointed a couple of my rigs at your pool with 100% donation to help you out a bit

rovchris

full member

Activity: 238

Merit: 100

OK fair enough.

Just out of interest do you guys not worry about DDOS and Application level attacks?

dreamwatcher

legendary

Activity: 1064

Merit: 1000

Quote from: rovchris on July 10, 2013, 02:35:18 PM

Quote from: dreamwatcher on July 10, 2013, 02:25:17 PM

Quote from: rovchris on July 10, 2013, 02:23:36 PM

At the same time though - the reason I don't use mining pools is because I end up "stealing" most of the bounty even if I don't solve a block.

Mining pools should restrict access to high hash rate miners as the slower miners don't do so well out of the deal.

PPS solves that. It fact it benefits low-hash rate miners more.

You may be right - but my feeling is the pool operator makes the most with PPS.

How many more blocks need to be solved at 1.4 million difficulty? Because this coin is going to die a premature death at this rate.

Not necessary true. The reason you generally do not see PPS pools with the smaller hash rate coins is that the operator generally loses.

If you go to my pool, (you need to be registered) and look at

http://crc.cryptocoinmine.com/index.php?page=statistics&action=blocks

Or just go to statistics-blocks

The blue line is the break even point. Every block found above that line is a loss to the operator and of course below the line is a gain to the operator.

I am just foolish enough to run PPS with low hash rate coins because I see a future benefit of having more miner rep when/if a coin gets popular enough to make a profit.

Both the CRC and GLD pools have lost me coins so far. One also has to remember the cost involved in running a reliable pool. No shared website hosting stuff, a real VPS is needed.

For the most part it is a thankless endeavor that makes little profit unless one becomes one of the very large pools with popular coin. I just run the pools in the hopes that I can offset some of the costs with cryptocoinexplorer.com which also costs me far more than I have taken in donations from the start.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

as a pool op myself i can tell you the op is at risk of losing a LOT more with pps especially if its true pps and not round based

rovchris

full member

Activity: 238

Merit: 100

Quote from: dreamwatcher on July 10, 2013, 02:25:17 PM

Quote from: rovchris on July 10, 2013, 02:23:36 PM

At the same time though - the reason I don't use mining pools is because I end up "stealing" most of the bounty even if I don't solve a block.

Mining pools should restrict access to high hash rate miners as the slower miners don't do so well out of the deal.

PPS solves that. It fact it benefits low-hash rate miners more.

You may be right - but my feeling is the pool operator makes the most with PPS.

How many more blocks need to be solved at 1.4 million difficulty? Because this coin is going to die a premature death at this rate.

dreamwatcher

legendary

Activity: 1064

Merit: 1000

Quote from: rovchris on July 10, 2013, 02:23:36 PM

At the same time though - the reason I don't use mining pools is because I end up "stealing" most of the bounty even if I don't solve a block.

Mining pools should restrict access to high hash rate miners as the slower miners don't do so well out of the deal.

PPS solves that. It fact it benefits low-hash rate miners more.

dreamwatcher

legendary

Activity: 1064

Merit: 1000

Quote from: captainfuture on July 10, 2013, 02:12:41 PM

Quote from: Schwede65 on July 10, 2013, 02:10:17 PM

Quote from: captainfuture on July 10, 2013, 02:06:00 PM

Quote from: dreamwatcher on July 10, 2013, 02:03:55 PM

Quote from: captainfuture on July 10, 2013, 01:58:31 PM

thats fine, but if he hashes an hour and doesnt find a block, he of course will get payed for it, but its useless for getting closer to retarget.

I do not quite understand.

Getting the hash rate up by enticing miners to mine the coin does not help get to the re-target quicker?

The gap between hash rate and difficulty is causing the huge drop in mining. I am trying to get more miners on board to increase the hash rate and get to re-target quicker.

i think i have to read more about that pps system.

is everybody mining for himself in this pool and if anyone find a block, all get payed how much the tried to find (shares) ?

its not interesting for the miner if the pool finds a block - real PPS is paying for the shares - the money for one share depends on the diff - with the risk for the pool operator to find a block or not
the pool has to pay the shares - even he found no blocks

so does it help if someone mines for an hour and finds no block? does the pool find the block faster?

Every addition to the hash rate helps. Weather someone is solo or pooling, if they do not find a block , it make no difference to the network as it is not even aware of the solo or pools mining.

By increasing the hash rate (either way), the chances of finding a block are increased. Think of each share as a lottery ticket. One ticket can win and a person who contributes a single hash can solve the block, but of course the odds are lower then if that same person (miner) bought 1000 tickets.Now this analogy is not entirely accurate as mining is more like a random moving target, but it gets the general idea across.

The coin network adjusts to try and get a "target time" the time between blocks solved. Difficulty makes it harder (Higher odds) or easier (Lower odds) in an attempt to match hash rate to target time. Right now CRC is caught in a high difficulty (High odds) vs little hash rate (Few lottery tickets being sold).

Further mathematical explanation of the pps system can be seen here:

https://bitcointalksearch.org/topic/m.2596495

Though written for the Goldcoin pool, PPS is PPS regardless of the coin mined.

ADDED: Remember that CRC has a 10 CRC block reward, so replace the 500 block reward with 10.

rovchris

full member

Activity: 238

Merit: 100

At the same time though - the reason I don't use mining pools is because I end up "stealing" most of the bounty even if I don't solve a block.

Mining pools should restrict access to high hash rate miners as the slower miners don't do so well out of the deal.

The only other person that does well is the pool operator!

Schwede65

sr. member

Activity: 309

Merit: 250

Quote from: captainfuture on July 10, 2013, 02:12:41 PM

Quote from: Schwede65 on July 10, 2013, 02:10:17 PM

Quote from: captainfuture on July 10, 2013, 02:06:00 PM

Quote from: dreamwatcher on July 10, 2013, 02:03:55 PM

Quote from: captainfuture on July 10, 2013, 01:58:31 PM

thats fine, but if he hashes an hour and doesnt find a block, he of course will get payed for it, but its useless for getting closer to retarget.

I do not quite understand.

Getting the hash rate up by enticing miners to mine the coin does not help get to the re-target quicker?

The gap between hash rate and difficulty is causing the huge drop in mining. I am trying to get more miners on board to increase the hash rate and get to re-target quicker.

i think i have to read more about that pps system.

is everybody mining for himself in this pool and if anyone find a block, all get payed how much the tried to find (shares) ?

its not interesting for the miner if the pool finds a block - real PPS is paying for the shares - the money for one share depends on the diff - with the risk for the pool operator to find a block or not
the pool has to pay the shares - even he found no blocks

so does it help if someone mines for an hour and finds no block? does the pool find the block faster?

yeah - every little share helps to find a block - its much better to have this at a pool though you will end the solo-mining and the shares are blown away - if you havent found a block at that time

captainfuture

sr. member

Activity: 294

Merit: 250

Quote from: Schwede65 on July 10, 2013, 02:10:17 PM

Quote from: captainfuture on July 10, 2013, 02:06:00 PM

Quote from: dreamwatcher on July 10, 2013, 02:03:55 PM

Quote from: captainfuture on July 10, 2013, 01:58:31 PM

thats fine, but if he hashes an hour and doesnt find a block, he of course will get payed for it, but its useless for getting closer to retarget.

I do not quite understand.

Getting the hash rate up by enticing miners to mine the coin does not help get to the re-target quicker?

The gap between hash rate and difficulty is causing the huge drop in mining. I am trying to get more miners on board to increase the hash rate and get to re-target quicker.

i think i have to read more about that pps system.

is everybody mining for himself in this pool and if anyone find a block, all get payed how much the tried to find (shares) ?

its not interesting for the miner if the pool finds a block - real PPS is paying for the shares - the money for one share depends on the diff - with the risk for the pool operator to find a block or not
the pool has to pay the shares - even he found no blocks

so does it help if someone mines for an hour and finds no block? does the pool find the block faster?

Topic: [ANN][CRC] Craftcoin - Portable Minecraft Game Currency w. Economy Plugin - page 29. (Read 92642 times)