Topic: btt - page 78. (Read 407332 times)
Just curious, why daily divs rather than weekly, fortnightly or even monthly? Isn't it a bit of a pain, especially after the split (possibly more and more shareholders with small holdings)?
I would tend to agree daily divs are nice but, it is a lot of extra work. That time could be focused on finding us more asics =).
Getting real tired of this variance and lost blocks.
This variance-avoidance is killing Bitcoin, this is why we have a handful of large mining pools instead of many small ones.
And, you know, it is way easier to attack a handful of large ones...
Why do you even care about variance? It will all average out over course of month or so.
Do you have some kind of disorder like ADHD? Or do you use mining revenue to pay for your daily expenses?
This is just asinine. You get a bit less today, but a bit more tomorrow. Who cares?
Wow, look at you. The white knight of variance, here to stop me from "killing Bitcoin." Impressive!
That's a bit harsh, but all else being equal I too tend to favor the largest of the "smallish" pools. These usually have lower fees than the larger pools, variance isn't all that bad, and spreading the love around does likely offer more security for Bitcoin than one or two huge pools can provide. The lengthy bitparking block that began this debate is a statistical anomaly.
Cheers.
Edit: Plus it just plain feels good to land a block for one of the smaller pools:
Cheers.
Edit: Plus it just plain feels good to land a block for one of the smaller pools:
Getting real tired of this variance and lost blocks.
This variance-avoidance is killing Bitcoin, this is why we have a handful of large mining pools instead of many small ones.
And, you know, it is way easier to attack a handful of large ones...
Why do you even care about variance? It will all average out over course of month or so.
Do you have some kind of disorder like ADHD? Or do you use mining revenue to pay for your daily expenses?
This is just asinine. You get a bit less today, but a bit more tomorrow. Who cares?
Glad to hear we haven't lost anything, but 3% isn't that "stiff" if it covers orphaned blocks.
3% is worth it to me for the peace of mind and easy/predictable accounting. We got lucky this week, but that will even out eventually.
3% is worth it to me for the peace of mind and easy/predictable accounting. We got lucky this week, but that will even out eventually.
Orphaned blocks are already covered at Bitminter for half that and at polmine for 1/3 of that. While bitparking does not cover orphaned blocks it's fee is zero and the only orphaned block we've experienced while mining there I covered myself out of pocket.
The accounting is easy, just compare actual output to expected pps output less fees, but perhaps I could add a field to the spreadsheet for easy reference. If over time everything evens out, but we pay 1.5 - 3% lower fees then that'd be great imo.
Cheers.
Mining revenue was down a bit due to the monster block bitparking has been crunching on for the past 40hrs and counting.
Getting real tired of this variance and lost blocks. Who else is ready to change to 50btc's 3% pay-per-share?
It would be very nice to know ahead of time and easily verify exactly how many BTC/24hr we should be earning, instead of futzing around with multiple crappy pools and hoping it all somehow evens out.
I believe we've come out well ahead of expected earnings had we been running pure pps at a rather stiff 3% fee, but I'll check the exact numbers on it. While perfectly predictable earnings would be ideal I'd rather have more Btc than less even with a little variance day to day. If we paid out dividends weekly rather than daily then variance would probably be nearly zero, but with daily payouts that's difficult to achieve. Also I have to pay all expenses from my own shares to keep other investors' shares unencumbered and as a result I rely on those merge mined cryptos to help out. In the interest of consistency one of the Avalons is already running smpps exclusively at a 1% fee and has been doing so for nearly 2 days.
Cheers.
Edit: Real quick number check on the last four daily payouts compared to pure pps at 3% fees looks like this:
+1.16% +7.27% +11.41% -5.97%
I believe we've earned approximately .5Btc more with the current low fee mixed configuration than we would've using pure pps at a 3% fee since we added the second Avalon.
Mining revenue was down a bit due to the monster block bitparking has been crunching on for the past 40hrs and counting.
Getting real tired of this variance and lost blocks. Who else is ready to change to 50btc's 3% pay-per-share?
It would be very nice to know ahead of time and easily verify exactly how many BTC/24hr we should be earning, instead of futzing around with multiple crappy pools and hoping it all somehow evens out.
I've manually calculated 7d avg price to fix share & yield information messed up since the stock split. I'll recalculate daily until the exchange catches up.
Mining revenue was down a bit due to the monster block bitparking has been crunching on for the past 40hrs and counting.
Mining revenue was down a bit due to the monster block bitparking has been crunching on for the past 40hrs and counting.
Travelling today so I've queued our daily dividend. This includes some payouts still confirming at this time. The breakdown is as follows:
Mining revenue: 4.21547746
Asicminer-PT: 0.27686700
Total Dividend: 4.49234446
Total Dispersed: 3.22770122
Reinvested: 1.26464324
Today's mining revenue brought to you by:
0.28643858 Slush
0.40449901 Slush
0.31000000 PolMine
0.36000000 PolMine
0.33000000 PolMine
0.35000000 PolMine
0.35000000 PolMine
0.10081071 BitMinter
0.81236861 Bitparking
0.71002396 Bitparking
0.20133659 Bitparking
4.21547746 TOTAL
I'm still fine tuning both the Avalons and the pool configurations. Much of the past 24hrs we've been hashing 50/50 between polmine and bitparking. I have several additions to make to the spreadsheet and hope to get to that this weekend. Requests are most definitely welcome.
Cheers.
Mining revenue: 4.21547746
Asicminer-PT: 0.27686700
Total Dividend: 4.49234446
Total Dispersed: 3.22770122
Reinvested: 1.26464324
Today's mining revenue brought to you by:
0.28643858 Slush
0.40449901 Slush
0.31000000 PolMine
0.36000000 PolMine
0.33000000 PolMine
0.35000000 PolMine
0.35000000 PolMine
0.10081071 BitMinter
0.81236861 Bitparking
0.71002396 Bitparking
0.20133659 Bitparking
4.21547746 TOTAL
I'm still fine tuning both the Avalons and the pool configurations. Much of the past 24hrs we've been hashing 50/50 between polmine and bitparking. I have several additions to make to the spreadsheet and hope to get to that this weekend. Requests are most definitely welcome.
Cheers.
The 10x stock split is complete.
Please price future orders accordingly.
Cheers.
Please price future orders accordingly.
Cheers.
Any possibility to split adjust the chart and 7/30 averages?
You're going to see this happen on all mining stocks - when their ASICs arrive their price will inflate to a level that is a guaranteed loss. Key is to buy in before the ASICs arrive then sell after the price gos stupid. The only skillful part is working out whose ASICs are about to arrive.
Yeah, but I thought that people use hashrate or dividends as a basis of valuation, so huge cash reserves would hamper price growth.
But it isn't what have happened here. It looks like people take relative growth into account...
anyone have any guess as to what the price will do after the shares split?
I'm thinking it wouldn't be impossible for them to reach .5 btc/share after the split. Maybe it's just wishful thinking
I can't really see them going down too much though after a split like that
I'm thinking it wouldn't be impossible for them to reach .5 btc/share after the split. Maybe it's just wishful thinking
I can't really see them going down too much though after a split like that
The split will have no effect whatsoever, if you have 1 share before valued at BTC2 you would have 10 after valued at BTC0.2 for the same total value of BTC2
This is a non-event.
People who are bullish at the current price, but unable to invest because they lack the funds, suddenly have the chance to buy whatever they can afford at 1/10th the current price
anyone have any guess as to what the price will do after the shares split?
I'm thinking it wouldn't be impossible for them to reach .5 btc/share after the split. Maybe it's just wishful thinking
I can't really see them going down too much though after a split like that
I'm thinking it wouldn't be impossible for them to reach .5 btc/share after the split. Maybe it's just wishful thinking
I can't really see them going down too much though after a split like that
The split will have no effect whatsoever, if you have 1 share before valued at BTC2 you would have 10 after valued at BTC0.2 for the same total value of BTC2
This is a non-event.
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