Topic: ckpool.org CLOSED - page 95. (Read 162838 times)

Hi.
Could you explain what is my daily profit if I take part in miniing within ckpool?
Where could I see it?

I see at my dashboard "derp" value
https://c2n.me/3UAdIPS.png


Is this my future reward?

Thanks all. Great info. I appreciate the efforts put into this.

"ramped up" simply means that, out of the last 5N shares, your contribution is adequately represented.

The fact that the decay rate is also 5N means that a 7 day "vacation" would have less than a 6% effect on payout amount while not mining for that week (and significantly less than 1% for weather/power/internet related shutdowns).

This is another of those things where there's no "easy math" to say "you'll loose x per day", but the short answer is:
"Mine as long as you can and you'll make as much as you can."






As a side note about pools that pay more than 100%:
Those pools can only do that because of the fact that they are taking what they took from others in the past and giving it out now. So, if you can get 105% from them now it's because they have a past history of paying less than 95% (and the honest possibility that at some future point they will only pay people at a rate of less than 100% again). The colloquial term for this is "robbing Peter to pay Paul".

This is what makes the pools method have real value.

I ramped up to 80th using 5 t1's
I sold 2 and now mine with 2 T1's

But the ramp down  from 80th to 48th  is slow and I enjoy the coin I got for 2 units sold . while still earning on them for about 30 more days

It's not a big deal if you have downtime. There's no need to concern yourself with "filling in" the ramp up or anything like that; you simply get paid for the shares you submit. But yes once you have been on for 5N then it doesn't matter how much the pool fluctuates, you are fully ramped up until you disconnect - but then it also takes 5N for it to fully ramp down.

CK, Thanks. I am learning a lot. Can you clarify "keep mining" please. My concern is downtime due to shutdowns because of electrical storms, vacations(7 days) where I don't want to leave the miners running unmonitored , etc. At what timeframe or threshold twiggers a ramp down? If I risk leaving 1 miner (out of X) running the ramp is preserved at 5N? Granted my hash rate would go down but my full rampup would be saved regardless of the significant pool hashing flucuations?

Once you're ramped up, if you keep mining, you stay ramped up.

First question  is yes  if that other pool pays out 13.75 each block  and the blocks hit here are  12.8  you would be correct.  But there are more complexities then a simple yes.

simplest one is no pool can afford to endlessly pay out 13.75  btc when a block is 12.8

But there are even deeper reasons to stay here until you get ramped to 250th
If it is  day 50 and you are at 250th you and move 200th to the pool you mention
Since ramp up is slow ramp down is slow.
Since you left 50th here  ramp down is slower.

thus  you will have
 250th + 250th = 500th one day one of the switch
 248th + 250th = 498th on day two of the switch
 246th + 250th = 496th




that is a nice boost.  but here is the kicker we are at 7500 per coin

you ramp for 50 days  and we are at    11000 per coin = even better

Guess what I did in Nov and Dec last year when coins moved up to  19990

There are a few pools that do give you this shot.
There is just this pool that is fee free.

12.6/80 = 0.1575 btc at full ramp up
computer genie has an app that shows current number.

http://www.yourcomputergenie.com/?address=1GeniexG7MnLr9WH48jG1cPLqgGbqUsaFM

http://www.yourcomputergenie.com/?address=16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr


your last question I am not sure of I think if you leave 50th  of your 250th    and pool grows compared to network growth your full ramp up could last much longer

and of course if the pool growth shrinks compared to network growth  your ramp up drops faster.

But since coins are down under 8k  getting to a ramp up on this pool cost less  then if  coins are at  12k

I have a ramp up of  80th  and I am now mining 45th I shrink very slowly
If I had 80th on the pool you mentioned an went to 45th  My drop from 80th to 45th is in a day. Not months which it will be here.

Nope. All pool payouts are generated "coinbase" coins, like this:
https://btc.com/000000000000000000331f064a0ba7a67fb632d3b24e2a887a6a41cd57a3f2f4

Is this transaction a pool payout @-ck

a6eb5238510cc146edc147e131b4955922f6d29cc145c040a9c1265b5dbe4de1

Ok questions guys. I have ~250TH on this pool committed for at least a month, possibly for full ramp up. A few questions though that I would like peoples opinions on. These questions are purely financially motivated, I have no interest in dont support company B because they are evil, its all about the money.

This pool is 0% fee which is amazing, people say you will make more money mining here in the long run than anywhere else. Why is this pool more profitable than connectbtc.com They are PPS, so no TX fees are paid, but they pay 110% so each share is treated as if a block were 13.75btc with 0% fees. Wouldnt this be a more profitable choice especially since fees are so low right now?

Is there a way to A) Calculate how close to full ramp you are, or B) see what the potential reward is when fully ramped? 250TH out of 20PH is 1/80th so assuming that the pool is the same hash rate when im fully ramped, does this mean I would see 1.25% of  each block as payment?

This pool changes hash rate alot, especially with Halong helping by burning in their miners. If 5nd is 30 days and I have been mining for 35 days, im fully ramped up and getting a full reward. If, the hash rate drops down, and 5ND goes up to 50 days this would mean I am no longer fully ramped correct? Even though I was earlier?

thanks guys for taking time to expain



regards from lithuania

well Quebec Hydro has frozen all power upgrade requests for crypto miners so I have 350Th in limbo..
I managed to squeeze a few S9's on the garage panel..but it feels like 2012 CPU mining..

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
I WANT MY UPGRADE..

You did everything right with the software and the setup!
If you continue just 10 Years you will get 10 shares send to the pool, and maybe in 100 Years you reach the payout treshhold.

If you don't got a time machine, for traveling back 7 Years, STOP CPU MINING ON BITCOIN!
Use it for shitcoins with a lower diff. only.

For mining Bitcoin you need an asic miner, as minimum a few TH to make some money.

I downloaded pooler-cpuminer-2.5.0-win64 and put it with the command:
minerd.exe -a sha256d -t 2 -o stratum+tcp://depool.ckpool.org:3333 -u 1ErXQN8zvEKQGPodjYrXiLzc4Dj6hXR6Cp -p x
The problem is that after 2-3 hours at: http://ckpool.org/users/1ErXQN8zvEKQGPodjYrXiLzc4Dj6hXR6Cp appears:
{
"hashrate1m": "0",
"hashrate5m": "0",
"hashrate1hr": "0",
"hashrate1d": "0",
"hashrate7d": "0",
"lastshare": 0,
"workers": 1,
"shares": 0,
"bestshare": 0.0,
"lns": 0.09892397644697888,
"luck": 1.0,
"accumulated": 0.0,
"postponed": 0,
"herp": 0.09892360613937053,
"derp": 0.0,
"worker": []
}
In the dos window, everything looks fine:
https://imgur.com/9Bt3hN4
I tried the command
minerd.exe -a sha256d -t 2 -o stratum+tcp://depool.ckpool.org:3333 -u 1ErXQN8zvEKQGPodjYrXiLzc4Dj6hXR6Cp.0 -p x
and so does not work
What's wrong?
Thank you very much. Anticipated.

Pretty much why I've never tried to explain the math behind my earnings. When we started (and pretty much up to ~2.5N), I had such a large share that my current payout is actually in decay with 80TH running (but measurably less decay than not mining). I figure if some can't grasp the main concept of the pool, then they're never going to understand my stats.  

The actual math is so complex I don’t bother to try to explain it.

Your hash rate
Pool hash rate
Network difficulty rate

All constantly change somewhat.
Luck which can be good bad or indifferent.

The bottom line is put in the 500%

 track pools luck

Once you get to the 500% level

Other options start to open .

If you take 60 days to get to 500% full share.  It takes 60 days to drop to zero.

At the moment  one of my t1s crashed.

But I don’t lose the 500% over nite.

I will fix it today and not feel that I lost a ton of money do to it crashing.

In an imaginary world where nothing would change in the next 58 days, you'd have to submit the equivalent of 919,103,040 weighted shares to be at the bottom of the "guaranteed" part of the list.

That being said, we don't live there.

It's a very complex set of math that could speculate when/how you'll get paid based on a small sample like a few days/weeks; so complex, in fact, it makes everything posted thus far seem like primary school math.

The simple answer is:

Mine on in this pool and over time you'll get paid the most you can possibly earn with your hashrate.

herp and derp  don't help new people.  They are basically a foreign language.

a t1  earns  about 0.0008758 Btc a day or 6.51 usd a day


so  to get paid you need  to have the pool hit a block.



but if you turned your miner on for 1 minute at the pool  what should you get paid?  certainly not  6.51 usd in btc  that would be  a whole days pay for 1 minute of mining.

So  there are lots of method's  to account for your shares.

This pool uses the 500% method of  share account to figure your  payment   and pays the top 150 miners.

What is a 500% method of accounting

Bitcoin Difficulty:   4,306,949,573,981   that  is 100%  right now  and  it changes every 2 weeks or 2016 blocks

500%  = 21,534,747,869,905  is  the current number  so when you mined here for about 49 days you are at 500% level

It's not really about shares directly... it's about herp and, in turn, derp.

These are changing numbers, but for the most direct comparison to your numbers, currently you'd have to have to have a derp > 0.0061, or have been postponed 6 times with a derp > 0.00055, to make the payout list for the next block found.

Hope that helps!