Topic: ckpool.org CLOSED - page 160. (Read 162858 times)

I'm aware you're against segwit and basically feel exactly the opposite way you do about it but of course only time will tell. The stalemate I spoke of was the lack of ability of any change to be accepted. That would hurt bitcoin long term. The market capitalisation seems to be completely dissociated from what's been going on in the development space which is in itself reassuring because it means it's the economy itself that is driving value up. Nonetheless economy can go on driving the value fine, but engineering is still required to develop the network further - be that fatter, wider, more compressed, bigger, smaller, smarter, more anonymous, more features, smart contracts, whatever... The excitement regarding the huge fees from miners comes at the cost of disgust from the users at the huge fees. Leaving it as is long term is not viable. We don't really want to be in a situation where one group is antagonising the other; we're supposed to all be benefiting from the design and network.

this has been the greatest growth in marketcap ever.

and  all of the crypto coin world is thriving.

So I don't see the stalemate that you see.

But that is what starts fights between good people.

If segwit comes it will radically change the game.  Since I have a foot in the btc camp and the alt coin world I hope to survive the change.

Ping.

Not much more I can do to raise hashrate further but say we're all still here mining away.

In obliquely related news it appears all the major pools have come to an agreement behind closed doors and will activate segwit. They'll be doing it on their own terms insisting on a 2MB hard fork a year later but at least it will clear the air for segwit and allow bitcoin to move on beyond this absurd stalemate.

Indeed it's been a dud couple of days for hashrate but looks a little better now.

One of my VMs has a script that scrapes stats every 60 seconds and will play the "Hey! Listen!" from Zelda (at full volume) when Diff resets. 

Come on block. Lets crack the first one and get this show on the road!!

 Ive only got a few Ghs (2x2pacs, 1x compac, 1x Black Arrow X1) but I'm feeling good today. Could just be the friday feeling but still would be a nice surprise when I get home from work.

I feel like I'm solo mining in 2028 

I don' t think BTC value has anything to do with it. Not entirely sure what is driving the drop in hashrate but it looks like a combination of all rentals going completely offline and some people just losing patience/confidence/faith and thinking it's better to abandon than to stick it out, even though on average the final returns should be similar over a much longer period. I always knew getting hashrate to start off a new pool from scratch was going to be hard but the pool is staying regardless and those who stay on should be amply rewarded in time. Either that or perhaps there isn't a market for a low fee high performance no frills unique pool after all? I'd like to think that's wrong and that it all comes down to luck. If the pool had solved a block in absurdly lucky timeframe, people would have just jumped on board without thinking - even though past luck has zero effect on future luck. It's just getting over that initial activation energy that proves so hard and keeps everyone on large shit centralised pools.


I'm aware and still grateful for your hashes I have been watching. It's not for lack of number of users, we just don't have anyone bigger than you hashing.

EDIT: Whoops I forgot to mention one other similarly sized miner whose hashrate fluctuates wildly is currently offline too and that appears to be temporary.

I'm not sure how one relates to the other.  


Edit: of note, we're ~12 hrs into my "off" day

We've got a handful of new miners which is always good to see but only marginally more hashrate. Diff will be going up another 50G in just over 5 days so unless we find a block before then (which is unlikely at the current hashrate) then it will push our diff% down again. Hopefully we're lucky in that time and/or some bigger miners join to help us crack the block before then.

Otherwise, mine on and tell your friends

For us:
Current Block Reward*: 17.05439732
 
And doesn't it figure that someone is about to dump 250+ coins on the market, so I can't buy any rentals yet. 


*Current block working on at time of post

Was updating bitcoind which temporarily takes address validation offline. Unfortunately this took much longer than expected so many users were put on hold for a while. Sorry about the inconvenience.

 

Thanks man, every little bit counts 

I almost feel like restarting the pool just so I'd have something to say as an update but I feel obliged to post some words anyway. The pool's functioning fine as we slowly edge past 75% diff on this first block, and we now have had over 200 unique users sign up. A huge number of those are tiny miners and that's great because one of my aims was to provide a haven for the tiny miners to eventually get some kind of payout, but it's also not enough to find us blocks much faster. 94 users have already made it into the potential payouts for the first mined block. As the initial enthusiasm faded from the renters, the hashrate is settling at ~300Th rate which won't find us a block any time soon but slow growth is to be expected.  I wish I could magic the first block into existence but if I had such magic I'd have been using it for myself long ago. I'm sure (or at least hope) there are miners out there waiting for the first block to fall before joining with significantly more hashrate (and have the beta tag removed), but it's the old catch 22 - can't get miners until you have miners and you won't have miners till you get them.  The current best share for the pool is still sitting at 315G and I'm sure you all know network difficulty is 560G.

Anyway welcome to all the newcomers and thanks for joining us. Be patient and tell your friends

Welcome to the forum and welcome to ckpool!

So may the luck be with you, you can be the first ever to solve a block on the new
Pool.

 

You are most welcome here. Be aware that this pool is still very new and establishing its hashrate. As you only receive a payout for mining once the pool finds a block, it is entirely unpredictable how long this will be and vary wildly until there is a lot more hashrate on the pool. On the other hand, on average over a much longer period (months+) you can earn more here than at other pools with higher fees. The other advantages of mining here are outlined in the opening post.

Welcome aboard.

I joined last night, I've been mining now for 8 hours 20 minutes on ckpool.org @ 7.28 TH/s, i might be bringing some more workers online sometime today, i would like to maybe meet that 10 TH/s threshold.  
Oh yeah newbie here to mining and the forum, this is my first post. 

Not really caution as much as some prior commitments which must be met.