Topic: [ANN][CRC] Craftcoin - Portable Minecraft Game Currency w. Economy Plugin - page 29. (Read 92271 times)
July 10, 2013, 04:31:26 PM
I just solved a CRC block woo hoo - but not on the pool
July 10, 2013, 04:30:03 PM
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.
July 10, 2013, 04:22:29 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.
July 10, 2013, 04:17:32 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
July 10, 2013, 04:04:27 PM
I pointed a couple of my rigs at your pool with 100% donation to help you out a bit
July 10, 2013, 03:50:09 PM
OK fair enough.
Just out of interest do you guys not worry about DDOS and Application level attacks?
Just out of interest do you guys not worry about DDOS and Application level attacks?
July 10, 2013, 03:45:30 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.
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.
July 10, 2013, 03:37:21 PM
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
July 10, 2013, 03:35:18 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.
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.
July 10, 2013, 03:25:17 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.
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.
July 10, 2013, 03:24:09 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) ?
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.
July 10, 2013, 03:23:36 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.
The only other person that does well is the pool operator!
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!
July 10, 2013, 03:15:24 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) ?
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
July 10, 2013, 03:12:41 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) ?
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?
July 10, 2013, 03:10:40 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.
How will I get paid for it?
I never use mining pools - I only solo mine.
A pps pool pays a rate per share based on difficulty and block reward.
A proportional pool takes the block reward from a block that it finds and divides it by the number of shares it took to find the block. Miners are then paid by the number of shares they have in the block.
You set up an account with a pool and part of that registration ( or setup later) is entering the address you want to be paid out to. Most pools let you set an auto threshold where the pool will auto-pay once your account hits a certain level. Most also have a manual payout option, usually for a fee.
July 10, 2013, 03:10:17 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) ?
the pool has to pay the shares - even it finds no blocks
July 10, 2013, 03:10:10 PM
He should have a look at the Fastcoin source code - and get some ideas from there.
That coin somehow is always in the top 10 even with violent swings in hashrate.
That coin somehow is always in the top 10 even with violent swings in hashrate.
yes. or mega
July 10, 2013, 03:08:45 PM
He should have a look at the Fastcoin source code - and get some ideas from there.
That coin somehow is always in the top 10 even with violent swings in hashrate.
That coin somehow is always in the top 10 even with violent swings in hashrate.
July 10, 2013, 03:06:59 PM
are the devs working on the problem? what do they wanna change? do they wanna change something?
July 10, 2013, 03:06:00 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) ?
Jump to: