Holy cow it really works lol !
I've tried x16 first but with the 60Th/s that we have we couldnt get a block in 40 minutes.
And just tried it at x2, already found a block confirming that it works.
EDIT: after 30 minutes at x2, with 60-70 Th/s, still only found one block. Difficulty is now at 6.5 mil. Is it normal :O ?
I've tried x16 first but with the 60Th/s that we have we couldnt get a block in 40 minutes.
And just tried it at x2, already found a block confirming that it works.
EDIT: after 30 minutes at x2, with 60-70 Th/s, still only found one block. Difficulty is now at 6.5 mil. Is it normal :O ?
Of course it works. As the block reward increases, so does the time to mine a block. Check out some nice LOTTO winnings in the block explorer, here is one:
http://explorer.bitcoinv.org/block-height/12102
Over 1 million BTCV mined! This was much easier because the difficulty was low.
There is a trick for the early miners like yourself, If you let the difficulty level drop low, you can then pump up the hashrate to 1PH/s and put the multipler to 32768. You will get huge rewards. As miners start coming onboard, this will have to be done by increasing the hash power; it will be impossible to tell everyone to stop mining to drop the difficulty in the future. Mine as many large blocks as you can right now.
Oh i see, good idea !
I couldnt right now as diff jumped to 6.5mil, but it started decreasing now, and as i've put back the multiplier at x1, i started getting blocks again.
And i cant put if off as i already have miners in the pool on it....
But i can still mine at home with the QT wallet version tho.
I believe the lottery option is not available for pool. isnt ?
You can decrease the difficulty by setting the multiplier to a higher value such as x512. The miners on your pool will find fewer block (with larger rewards); this will cause the difficulty level to start dropping. You could try and repeat this strategy by putting the multiplier to x2048. The rewards will get larger and fewer blocks will be found; this will cause the difficulty to drop again. At some point you are challenged by other miners who start rising the difficulty level and force you to try a different multiplier to try and optimize your rewards. Remember, the system is trying to maintain 6 blocks per hour; whether they are paid at 50BTCV or a much higher amount is up the miners. It is a game of greed (GoG).
Also, it may be beneficial to buy some BTCV on Graviex right now and then start mining.
https://graviex.net/markets/btcvbtc
