I try to give good info. This is a great pool and in the long run should be the best paying pool for btc there is.
A lot of people simply don't understand the math.
Or for that matter smart risk vs stupid risk.
When the North Jersey Build is done we will have 500th btc and 7gh ltc
3 people in on it.
50% to the warehouse owner
25% to me
25% to buysolar
that will be 125th at no continuing cost to me.
I will make sure to have some of the hash here at all times wether renting it or hard iron.
most players should be doing this if they have gear outside china they should point some here
It is simply stupid not to have some pointed here.
Also we are closing in on next jump and it may be a drop which is helpful
Topic: ckpool.org CLOSED - page 19. (Read 162933 times)
Philip your information is always thoughtful, which my comment was directed to your contributions specifically.
I think there's something to be said about honest, quality advice. If anything we should see more hash in the weeks to come.
Being a smaller miner I'm happy to let my machines pump ck pool all day if can. Then my time preference is very low compared to most others.
Reserves in any business is important.
Being a smaller miner I'm happy to let my machines pump ck pool all day if can. Then my time preference is very low compared to most others.
Reserves in any business is important.
Which I did and still have but expanding from 60-90th to 500th alters the amount of time I can handle
I think there's something to be said about honest, quality advice. If anything we should see more hash in the weeks to come.
Being a smaller miner I'm happy to let my machines pump ck pool all day if can. Then my time preference is very low compared to most others.
Reserves in any business is important.
Being a smaller miner I'm happy to let my machines pump ck pool all day if can. Then my time preference is very low compared to most others.
Reserves in any business is important.
Fair enough, you make a valid point - the timing of payments is unpredictable. (Also, diversification of funding sources is smart.)
Unpredictable enough that I would keep a reserve and not livepaycheck to paycheck blocksolve to blocksolve. Keeping a minimum balance (BTC or $) so you have funds to last the 300% block dry spell. And I would hope that the big hashers are financially smart enough to keep reserve funds!
It really all depends on the situation, but my main point was that we need more hash!
Unpredictable enough that I would keep a reserve and not live
It really all depends on the situation, but my main point was that we need more hash!
even a guy with 3 m10's or 7 s9's
he fears risk of variance
so mine 1 of the m10's here
and mine 2 of m10's at a pps+ pool
I simply don't understand why people don't do this more.
a 60-40
50-40
40-60 blend is one way
all or nothing is tough when a pool is doing 1 block a month
but 3 or 4 here and 6 or 7 on a pps+ pool allows the best of both worlds .
5n pool like this is better only if there is enough hash to hit a block every 3-7 days.
so we now hit a block a month. I get a monthly power bill. a 300% bock means a 3 month wait and I need to pay 3 power bills .
I now have expanded to 500th I simply can not handle 3 months without a payment.
So I have 100 th here
and 400 th on a pps+ pool
more people need to understand this and do it. when this pool drops to 5 month 5n.
he fears risk of variance
so mine 1 of the m10's here
and mine 2 of m10's at a pps+ pool
I simply don't understand why people don't do this more.
a 60-40
50-40
40-60 blend is one way
all or nothing is tough when a pool is doing 1 block a month
but 3 or 4 here and 6 or 7 on a pps+ pool allows the best of both worlds .
5n pool like this is better only if there is enough hash to hit a block every 3-7 days.
so we now hit a block a month. I get a monthly power bill. a 300% bock means a 3 month wait and I need to pay 3 power bills .
I now have expanded to 500th I simply can not handle 3 months without a payment.
So I have 100 th here
and 400 th on a pps+ pool
more people need to understand this and do it. when this pool drops to 5 month 5n.
I'd appreciate it if people didn't actively discourage people from mining here on this thread at least, thanks.
Yeah, we want more people to join! lol
Getting some more big dogs here helps everyone out, especially if they stick around! And even with the 5N ramp-up, all those shares get paid out.
I'd appreciate it if people didn't actively discourage people from mining here on this thread at least, thanks.
Would be nice to get a block before the next halving event..
It is actually very likely that several people here even if they stopped today will still not be fully paid out until after the halving.
It is actually very likely that several people here even if they stopped today will still not be fully paid out until after the halving.
I hope this was sarcastic humor, otherwise look here:
http://bitcoinclock.com/
We have around 5 Years to go for the next halving... this pool is not that bad!
Mine on (here and not at antpoo or viabtc
)5 years? Try about 15 months.
Block Halving ETA: 465 days, 8 hours, 22 minutes
Date ETA: May 3, 2020
Oh, you are right, my fault it is 15 Months, but the pool is not that bad eigther
Would be nice to get a block before the next halving event..
It is actually very likely that several people here even if they stopped today will still not be fully paid out until after the halving.
It is actually very likely that several people here even if they stopped today will still not be fully paid out until after the halving.
I hope this was sarcastic humor, otherwise look here:
http://bitcoinclock.com/
We have around 5 Years to go for the next halving... this pool is not that bad!
Mine on (here and not at antpoo or viabtc
)5 years? Try about 15 months.
Block Halving ETA: 465 days, 8 hours, 22 minutes
Date ETA: May 3, 2020
Would be nice to get a block before the next halving event..
It is actually very likely that several people here even if they stopped today will still not be fully paid out until after the halving.
It is actually very likely that several people here even if they stopped today will still not be fully paid out until after the halving.
I hope this was sarcastic humor, otherwise look here:
http://bitcoinclock.com/
We have around 5 Years to go for the next halving... this pool is not that bad!
Mine on (here and not at antpoo or viabtc
)
Would be nice to get a block before the next halving event..
It is actually very likely that several people here even if they stopped today will still not be fully paid out until after the halving.
It is actually very likely that several people here even if they stopped today will still not be fully paid out until after the halving.
Yes and very helpful advices !
You’re the man 👊
You’re the man 👊
Whish I would of taken that decision way sooner
Still, thanks for the advice 👍
Wow feel like I just wasted 40 days and lost around 5 grand at todays rate
...
Still, thanks for the advice 👍
Wow feel like I just wasted 40 days and lost around 5 grand at todays rate
...money is not lost I gave you a full set of instructions via pm on your best move.
to keep the .29 derp alive here at very little cost
and earn a lot of coin elsewhere.
This is now a higher risk pool for a guy with 1 ph of hard iron.
Whish I would of taken that decision way sooner
Still, thanks for the advice 👍
Wow feel like I just wasted 40 days and lost around 5 grand at todays rate...
Still, thanks for the advice 👍
Wow feel like I just wasted 40 days and lost around 5 grand at todays rate
...
Great advice now that the pool is smaller. I would specifically move the hash into CKpool after a block find which is mostly likely what philipma is meaning.
So if i’m getting this right I should receive .292 BTC ? I’ve been here for 40 days with 870th 24/7. Calculators would of given me 1.51 BTC on a "normal" pool. Just wanna get this clear...
so you are now understanding 5n vs pps mining.
a typical pps pool pays 0.00004154 a th so 870 x 0.00004154 = 0.0361398 a day or 1.44 btc for 40 days.
I do not know your btc address so I have zero idea what your derp is after 40 days.
5n ramp up is slow
5n ramp down is slow
the pool is about 9ph
5n ramp up takes 5 months
and we should hit a block 1 time per month
you do not get full payment until you ramp up fully.
So in 5 months you will be at full payment.
Which means you will tap out and go broke since 5 months of small payments is a killer
I wish I had seen your posts sooner.
You should have 100th here and 770th at a pps pool
each month shift a bit more here.
On the positive side if you bail out here right now and move 770 th to a pps pool leaving 100 th here you will maintain that .29 number for many months and in effect double collect.
as 100 th should only be 0.123 a month
my advice is leave 100 th here and move 770th to viabtc.com
So if i’m getting this right I should receive .292 BTC ? I’ve been here for 40 days with 870th 24/7. Calculators would of given me 1.51 BTC on a "normal" pool. Just wanna get this clear...
Maybe a noob question here, but I’d like to understand What kind of reward I’m running after for mining on CK Pool. I’ve been mining since about a month and have accumulated a Derp of .2923582 and a Herp of 678,857,764,093.
So what kind of reward should I expect if we were to find a block today? Also, would that future reward be compromised if I had to quit the pool or shutdown my operations? I may not be able to tolerate the financial risk associated to electricity expense without getting rewarded in the end for a found block from the pool.
Thanks in advance for the feeback if possible
So what kind of reward should I expect if we were to find a block today? Also, would that future reward be compromised if I had to quit the pool or shutdown my operations? I may not be able to tolerate the financial risk associated to electricity expense without getting rewarded in the end for a found block from the pool.
Thanks in advance for the feeback if possible
Easiest answer, your Derp will define what you receive when a block is found.
As far as quitting the pool and shutting down.. There is a slow decay, so with a derp of .292, it may take many weeks/month(s) before your back to 0.
Maybe a noob question here, but I’d like to understand What kind of reward I’m running after for mining on CK Pool. I’ve been mining since about a month and have accumulated a Derp of .2923582 and a Herp of 678,857,764,093.
So what kind of reward should I expect if we were to find a block today? Also, would that future reward be compromised if I had to quit the pool or shutdown my operations? I may not be able to tolerate the financial risk associated to electricity expense without getting rewarded in the end for a found block from the pool.
Thanks in advance for the feeback if possible
So what kind of reward should I expect if we were to find a block today? Also, would that future reward be compromised if I had to quit the pool or shutdown my operations? I may not be able to tolerate the financial risk associated to electricity expense without getting rewarded in the end for a found block from the pool.
Thanks in advance for the feeback if possible
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