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Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 145. (Read 840371 times)

member
Activity: 84
Merit: 10
Hello all - just doing an intro.  Just started mining EAC for first time today/tonight and will stick with it.  Seems like a great coin, has its marketing/site together well and overall cause and professionalism for the most part compared to some other coins out there.

Welcome to the community!
sr. member
Activity: 1313
Merit: 278
Hello all - just doing an intro.  Just started mining EAC for first time today/tonight and will stick with it.  Seems like a great coin, has its marketing/site together well and overall cause and professionalism for the most part compared to some other coins out there.
sr. member
Activity: 360
Merit: 250
Can we just give Max Keiser a few million EAC to promote it on RT? Wtf, maxcoin in a few days has market cap of $5.3mil, the guy can obviously get people excited about cryptos. How long has eac been out now and just under a $1mil? That's good, but not big enough to be a contender long term with the top cryptos. You got to spend money to make it, right? Let's get to spending that premine and this coin will grow so much we can feed a million cats, dogs, kids, elephants, whatever? Am I right?  Cool

plz don't. max keiser is more like a parasite to cryptocurrency. for me he's not a saviour or whatever. and look at maxcoin now... down down down.
newbie
Activity: 50
Merit: 0
Can we just give Max Keiser a few million EAC to promote it on RT? Wtf, maxcoin in a few days has market cap of $5.3mil, the guy can obviously get people excited about cryptos. How long has eac been out now and just under a $1mil? That's good, but not big enough to be a contender long term with the top cryptos. You got to spend money to make it, right? Let's get to spending that premine and this coin will grow so much we can feed a million cats, dogs, kids, elephants, whatever? Am I right?  Cool
full member
Activity: 168
Merit: 100

it does surprise me that you have similar payout to me the last days before you switched from poolerino and i have only 3.5Mh/s  Huh

This is why I was so baffled by my payout.  I had an extremely low reject rate compared to any pool that I went to, my calculations always told me I should've been netting AT LEAST 50-60% more on average, but I would still only net about 32k EAC a day on average from pool mining.  It was mind boggling, and day after day I couldn't figure it out, I've even had discussions about hash rate variance and the like in other forums.  So when bumblebee suggested solo mining, I thought what the hell, I've tried everything else.

Which reminds me, bumblebee, could you post an EAC address?  I'd like to send you a little something for the open suggestion, as well as all the help you've been offering.

I really like it when we all work together, learn something new along the way - and improve our EAC earnings. That is enough to give me satisfaction and brings a smile to my face & heart.  Smiley
member
Activity: 84
Merit: 10

it does surprise me that you have similar payout to me the last days before you switched from poolerino and i have only 3.5Mh/s  Huh

This is why I was so baffled by my payout.  I had an extremely low reject rate compared to any pool that I went to, my calculations always told me I should've been netting AT LEAST 50-60% more on average, but I would still only net about 32k EAC a day on average from pool mining.  It was mind boggling, and day after day I couldn't figure it out, I've even had discussions about hash rate variance and the like in other forums.  So when bumblebee suggested solo mining, I thought what the hell, I've tried everything else.

Which reminds me, bumblebee, could you post an EAC address?  I'd like to send you a little something for the open suggestion, as well as all the help you've been offering.
member
Activity: 84
Merit: 10

Where does the solo mining block information get stored on your computer? I mean the actual information that will solve in the end the block. In the .bat file or the wallet? Does rebooting the rigs do any harm?

Thanks for the interesting link.

i've been googling for a couple of hours trying to find out how mining actually works .. i think this explains it in the simplest way ...

Quote
Mining is a way of generating new blocks. The aim is to pick a random string, called a nonce, to solve this problem:
Hash( previous block header + transactions + nonce ) = 0
Hash() is a simpleish formula that turns a block of text into a summary string. The key thing is that slightly different blocks of text give very different hashes.
The tricky part is figuring out what the nonce is. The only way to do it is to keep on trying different strings until you get one such that the result of the equation is 0.
Actually it's very hard to get to 0 so we agree that it just needs to be close to 0. How close exactly? Well this is what people refer to as 'difficulty' and get's adjusted over time depending on how many people are mining so that this equation is solved globally roughly once every 10 minutes.¨

source: http://www.reddit.com/r/Bitcoin/comments/16lggw/what_is_mining_actually_doing/

basiclly whenever a new block is found cgminer takes that header + transactions (if any) and inputs random text and throws it in the scrypt algo and if it produces the right answer you will have found a new block. ( and as i understand it, diffuclty determins how close you need to be to the correct answer for it to be valid)
So it's untrue that you're working on the same block until you find it since you need the name of the last found block header to get a valid new block to add to the chain.

Hopefully i typed it out so it's understandable, i'm still trying to get around it all myself  Cheesy

But all in all, you'll turn on ur miner and play the probability game until u find a block then u start over gain.

That means you are not working hours on solving one block, but you restart each time someone (once every minute or so) submits a block. That is why the added failover-only pools help you stay ahead of the game as you will be informed immediately a block is found. Right?

the faster you get the information about the new block header the more time you get to solve the new block yeah, every little bit help but i assume it's a few ms advantage at best, over a course of av of a minute it's not a big difference but i don't see any negatives with adding more failovers.

I currently have two failover pools and I find that sufficient.  But if you have none, you're not doing yourself any favors, even having one makes a difference.  Also, in a world where hundreds of hashes are piped through your processor by the second, I would think a few ms can make quite a difference.
newbie
Activity: 31
Merit: 0

it does surprise me that you have similar payout to me the last days before you switched from poolerino and i have only 3.5Mh/s  Huh
newbie
Activity: 31
Merit: 0

Where does the solo mining block information get stored on your computer? I mean the actual information that will solve in the end the block. In the .bat file or the wallet? Does rebooting the rigs do any harm?

Thanks for the interesting link.

i've been googling for a couple of hours trying to find out how mining actually works .. i think this explains it in the simplest way ...

Quote
Mining is a way of generating new blocks. The aim is to pick a random string, called a nonce, to solve this problem:
Hash( previous block header + transactions + nonce ) = 0
Hash() is a simpleish formula that turns a block of text into a summary string. The key thing is that slightly different blocks of text give very different hashes.
The tricky part is figuring out what the nonce is. The only way to do it is to keep on trying different strings until you get one such that the result of the equation is 0.
Actually it's very hard to get to 0 so we agree that it just needs to be close to 0. How close exactly? Well this is what people refer to as 'difficulty' and get's adjusted over time depending on how many people are mining so that this equation is solved globally roughly once every 10 minutes.¨

source: http://www.reddit.com/r/Bitcoin/comments/16lggw/what_is_mining_actually_doing/

basiclly whenever a new block is found cgminer takes that header + transactions (if any) and inputs random text and throws it in the scrypt algo and if it produces the right answer you will have found a new block. ( and as i understand it, diffuclty determins how close you need to be to the correct answer for it to be valid)
So it's untrue that you're working on the same block until you find it since you need the name of the last found block header to get a valid new block to add to the chain.

Hopefully i typed it out so it's understandable, i'm still trying to get around it all myself  Cheesy

But all in all, you'll turn on ur miner and play the probability game until u find a block then u start over gain.

That means you are not working hours on solving one block, but you restart each time someone (once every minute or so) submits a block. That is why the added failover-only pools help you stay ahead of the game as you will be informed immediately a block is found. Right?

the faster you get the information about the new block header the more time you get to solve the new block yeah, every little bit help but i assume it's a few ms advantage at best, over a course of avg of a minute it's not a big difference but i don't see any negatives with adding more failovers.
member
Activity: 84
Merit: 10

This is what I was going to ask.  There's bound to be a block that increases your variance.  As I've been saying, average payout is a function of time, and block resolution is all about luck.  If you're still ahead of the pool payouts though, this should be a particularly concerning issue.

I've been charting my payouts, and as I've said, the difference between pool mining and solo mining is light and day:



I switched to solo mining on the 13th.  The longest gap between block found that I've dealt with was 8.5 hours on the 13th, and I still came out way ahead.  It might be helpful to write down some numbers to see how ahead you are.

what is your Mh/s?

5.8 MH/s
member
Activity: 84
Merit: 10


Quote

So it's untrue that you're working on the same block until you find it since you need the name of the last found block header to get a valid new block to add to the chain.


Thats why if somemone solve it before you, you get an orphan...

Minor correction, orphans occur when a block is solved almost simultaneously and submitted between two miners.  The next block solved AFTER the simultaneous submission determines which block gets orphaned.
full member
Activity: 168
Merit: 100
Even though I have really gotten the solo mining topic into rolling, I have a basic question about solo mining:

Do you mine for hours on the same block or do you start every time you see "stratum detected new block" - difficulty set to 25, a new block? This is especially confusing, as you see on the 5th line of cgminer:

Quote
Block: 42c37c21.... Diff:25 Started: [19:07:28] Best share: ....

According to that your miner would be updated when a new block is found, and your miner starts working on the next block.

But on the other hand, if your miners are working for hours on one block, how does the changing difficulty affect you? And if this is the case, should you restart your cgminer after a certain amount of hours if your miner was not successful, so you try out on a different block?

I know it is kind of embarrassing to ask that question so "late in the game".

I think the only trustable way to do it is deleting the .bin files on cgminer folder.
Difficulty changes every block, so if you are working on a block, every time a block is found on the network you are affected by that difficulty change. "Block: 42c37c21...." is the last block found in the network.

OK, so if you have 4 workers set up solo mining - do they all work together on the same block or are they all pursuing different blocks?

They all work on the same block...

If you wanted to try a different block because you spent too much time on an unlucky one - do you restart all your miners or restart the EAC wallet?

I think the only way to do it is deleting the .bin files on cgminer folder.

why would it matter to try "change block" when you have the same chance of finding the solution at any point in time while ur mining? it's all about probability .. https://www.litecoinpool.org/calc?hashrate=3500&difficulty=28&power=1400&energycost=0.13¤cy=USD (change to your own settings and difficulty to see how many blocks you should get on average per day, obviously impossible to predict the average difficulty but you can put a number that's in the ball park atleast  Wink)

This is what I was going to ask.  There's bound to be a block that increases your variance.  As I've been saying, average payout is a function of time, and block resolution is all about luck.  If you're still ahead of the pool payouts though, this should be a particularly concerning issue.

I've been charting my payouts, and as I've said, the difference between pool mining and solo mining is light and day:



I switched to solo mining on the 13th.  The longest gap between block found that I've dealt with was 8.5 hours on the 13th, and I still came out way ahead.  It might be helpful to write down some numbers to see how ahead you are.

Beautiful chart! I also made much more EAC solo mining the last 4 days than pool mining. By the way, I think my luck picked up again...
full member
Activity: 168
Merit: 100

Where does the solo mining block information get stored on your computer? I mean the actual information that will solve in the end the block. In the .bat file or the wallet? Does rebooting the rigs do any harm?

Thanks for the interesting link.

i've been googling for a couple of hours trying to find out how mining actually works .. i think this explains it in the simplest way ...

Quote
Mining is a way of generating new blocks. The aim is to pick a random string, called a nonce, to solve this problem:
Hash( previous block header + transactions + nonce ) = 0
Hash() is a simpleish formula that turns a block of text into a summary string. The key thing is that slightly different blocks of text give very different hashes.
The tricky part is figuring out what the nonce is. The only way to do it is to keep on trying different strings until you get one such that the result of the equation is 0.
Actually it's very hard to get to 0 so we agree that it just needs to be close to 0. How close exactly? Well this is what people refer to as 'difficulty' and get's adjusted over time depending on how many people are mining so that this equation is solved globally roughly once every 10 minutes.¨

source: http://www.reddit.com/r/Bitcoin/comments/16lggw/what_is_mining_actually_doing/

basiclly whenever a new block is found cgminer takes that header + transactions (if any) and inputs random text and throws it in the scrypt algo and if it produces the right answer you will have found a new block. ( and as i understand it, diffuclty determins how close you need to be to the correct answer for it to be valid)
So it's untrue that you're working on the same block until you find it since you need the name of the last found block header to get a valid new block to add to the chain.

Hopefully i typed it out so it's understandable, i'm still trying to get around it all myself  Cheesy

But all in all, you'll turn on ur miner and play the probability game until u find a block then u start over gain.

That means you are not working hours on solving one block, but you restart each time someone (once every minute or so) submits a block. That is why the added failover-only pools help you stay ahead of the game as you will be informed immediately a block is found. Right? Otherwise why would the block information be visible in the cgminer on the 5th line.

Still confused.
newbie
Activity: 31
Merit: 0


Quote

So it's untrue that you're working on the same block until you find it since you need the name of the last found block header to get a valid new block to add to the chain.


Thats why if somemone solve it before you, you get an orphan...

in rare cases yes that can be the case.
newbie
Activity: 31
Merit: 0

This is what I was going to ask.  There's bound to be a block that increases your variance.  As I've been saying, average payout is a function of time, and block resolution is all about luck.  If you're still ahead of the pool payouts though, this should be a particularly concerning issue.

I've been charting my payouts, and as I've said, the difference between pool mining and solo mining is light and day:

https://i.imgur.com/II9yPst.png

I switched to solo mining on the 13th.  The longest gap between block found that I've dealt with was 8.5 hours on the 13th, and I still came out way ahead.  It might be helpful to write down some numbers to see how ahead you are.

what is your Mh/s?
newbie
Activity: 154
Merit: 0


Quote

So it's untrue that you're working on the same block until you find it since you need the name of the last found block header to get a valid new block to add to the chain.


Thats why if somemone solve it before you, you get an orphan...
newbie
Activity: 31
Merit: 0

Where does the solo mining block information get stored on your computer? I mean the actual information that will solve in the end the block. In the .bat file or the wallet? Does rebooting the rigs do any harm?

Thanks for the interesting link.

i've been googling for a couple of hours trying to find out how mining actually works .. i think this explains it in the simplest way ...

Quote
Mining is a way of generating new blocks. The aim is to pick a random string, called a nonce, to solve this problem:
Hash( previous block header + transactions + nonce ) = 0
Hash() is a simpleish formula that turns a block of text into a summary string. The key thing is that slightly different blocks of text give very different hashes.
The tricky part is figuring out what the nonce is. The only way to do it is to keep on trying different strings until you get one such that the result of the equation is 0.
Actually it's very hard to get to 0 so we agree that it just needs to be close to 0. How close exactly? Well this is what people refer to as 'difficulty' and get's adjusted over time depending on how many people are mining so that this equation is solved globally roughly once every 10 minutes.¨

source: http://www.reddit.com/r/Bitcoin/comments/16lggw/what_is_mining_actually_doing/

basiclly whenever a new block is found cgminer takes that header + transactions (if any) and inputs random text and throws it in the scrypt algo and if it produces the right answer you will have found a new block. ( and as i understand it, diffuclty determins how close you need to be to the correct answer for it to be valid)
So it's untrue that you're working on the same block until you find it since you need the name of the last found block header to get a valid new block to add to the chain.

Hopefully i typed it out so it's understandable, i'm still trying to get around it all myself  Cheesy

But all in all, you'll turn on ur miner and play the probability game until u find a block then u start over gain.
member
Activity: 84
Merit: 10
Even though I have really gotten the solo mining topic into rolling, I have a basic question about solo mining:

Do you mine for hours on the same block or do you start every time you see "stratum detected new block" - difficulty set to 25, a new block? This is especially confusing, as you see on the 5th line of cgminer:

Quote
Block: 42c37c21.... Diff:25 Started: [19:07:28] Best share: ....

According to that your miner would be updated when a new block is found, and your miner starts working on the next block.

But on the other hand, if your miners are working for hours on one block, how does the changing difficulty affect you? And if this is the case, should you restart your cgminer after a certain amount of hours if your miner was not successful, so you try out on a different block?

I know it is kind of embarrassing to ask that question so "late in the game".

I think the only trustable way to do it is deleting the .bin files on cgminer folder.
Difficulty changes every block, so if you are working on a block, every time a block is found on the network you are affected by that difficulty change. "Block: 42c37c21...." is the last block found in the network.

OK, so if you have 4 workers set up solo mining - do they all work together on the same block or are they all pursuing different blocks?

They all work on the same block...

If you wanted to try a different block because you spent too much time on an unlucky one - do you restart all your miners or restart the EAC wallet?

I think the only way to do it is deleting the .bin files on cgminer folder.

why would it matter to try "change block" when you have the same chance of finding the solution at any point in time while ur mining? it's all about probability .. https://www.litecoinpool.org/calc?hashrate=3500&difficulty=28&power=1400&energycost=0.13¤cy=USD (change to your own settings and difficulty to see how many blocks you should get on average per day, obviously impossible to predict the average difficulty but you can put a number that's in the ball park atleast  Wink)

This is what I was going to ask.  There's bound to be a block that increases your variance.  As I've been saying, average payout is a function of time, and block resolution is all about luck.  If you're still ahead of the pool payouts though, this should be a particularly concerning issue.

I've been charting my payouts, and as I've said, the difference between pool mining and solo mining is light and day:



I switched to solo mining on the 13th.  The longest gap between block found that I've dealt with was 8.5 hours on the 13th, and I still came out way ahead.  It might be helpful to write down some numbers to see how ahead you are.
newbie
Activity: 154
Merit: 0
Well i'm looking to a pool now thats has about 140mh and they are working on a block for 1hour and 12 minutes when it generaly takes not more than 10 or 15 minutes. See what i'm talking about when i say is all about luck ? That block would take me 100h to solve...
member
Activity: 84
Merit: 10
How are the other solo miners doing?
I have 1Mh and found 3 blocks in 31 hours. Am curious about your stats

To be true i'm not having very luck. Found a block after 6 hours and now more 42h passed with no luck. I have 1.3mh
That unexpected, with 1.5Ghz max on EAC & almost 5k blocks in the last 2 days. Someone here hit two blocks in a short time with 300Kh.
Did you add the stratum servers to skip working on already found blocks like Bumblebee suggested?

Am really curious to see how this plays out in the long run, personally im still up compared to a pool so will continue this test.
Can network location and latency to the supernodes be an factor?

HIGHLY unlikely.  The nodes supplied for the .conf are globally distributed.  That combined with the failover pools for longpolling should eliminate any issues with latency, we're talking millisecond differences in block acquisition.  Bandwidth and download speed shouldn't be a factor either, as each block is measured in BYTES.  IF there's a network issue, it would either have something to do with local settings or an ISP.  Considering that I've never heard of anyone needing to mess with local settings to get this running and that the amount of traffic transmitted as a result of mining isn't large enough to raise any flags for ISPs, I doubt those are at fault either.
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