Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers - page 39. (Read 903206 times)

BTC Guild's pool software is 100% custom.  It is not related to slush's python stratum server in any way.  BTC Guild did not push a competing PROTOCOL against Stratum, because it was not worth fighting over a couple extra bytes of efficiency when comparing the protocol I was working on vs Stratum, when we were moving from the awful inefficiencies of getwork.


However, "home mining" was going to die in the end regardless.  You would have to be blind not to realize that since the inception of Bitcoin.  The entire system functions based off a zero-sum game of chance.  The more power one person obtains, the less everybody else will get as a result.  Once enough money was on the table, there would ALWAYS be large entities manufacturing their own hardware for pennies on the dollar and putting it online in the cheapest power locations in the world.  Home mining is a hobby, not a business or investment.


EDIT:  At the current stage, I'd define "home mining" as anything using regular consumer computer parts, or very cheap ASICs.  If you haven't invested a large amount into your setup, you're unlikely to ever turn a profit.  The only ASICs with a *chance* at turning a profit required significant upfront costs to get a reasonable $/GH value, which normally not only means buying the most expensive hardware, but buying in bulk in order to get further discounts.

Yes. I've written pool software now, but that can't save the home miners.

The economies of scale are what's killing home miners. It's no longer about software and protocols.

Is there a furtue for home miners here at BTCguild or in bitcoin itself? I keep searching for signs of new technology/software being developed but I'm not finding anything that looks promising.

What can be done to make adjustments to help home mining out? It's seems when I research I find most of the software, both pool wise and bitcoin itself, seems to be second best and less efficient for some reason or another.

I know eleuthria had stopped wrighting some of guilds pool software and just used slushes protocol(stratum) because it was already working even though it was less efficient.

I see gmaxwell using second best options because of the cost even though people have offered the money right there on the spot to help pay for the efficient systems that have patents by other people.

Gavin seems like a typical CEO type. He just repeats gmaxwell(who I do respect) and a couple of the other devs ideas. Most of the devs posts are all the same. They make it sound like the whole thing is falling apart while they make jokes.

The hardware guys are just dumping chips out with no real quality anymore.

Any ideas on the next steps? We went from cpu - gpu - fpga - asic and original network - getwork network - stratum. Is there any new technology in the near future to help us out? Is this the end of home mining?

Not me, but could have also been a spam mail trying to steal a PW.

I just got an email which says someone tried to change my NMC wallet. I have logged in and changed my BTC Guild password.

Anyone else get this?

i come from SLUSH, so i thought there was a progress with stats of current block.

I have also as the other user a little bit stales ( (99.82%)   4096 / 0 / 0 ). but i think thats normal. didnt touch default value "4", maybe if i try with 256...

You need to look at mining hardware/mining support forums.  Errors are a local problem, they have absolutely nothing to do with the pool.

There's no such thing as progress towards a block.  The current block we're mining is whatever the most current block on the network is...


EDIT:  This pool is PPLNS.  You're constantly asking questions under the assumption that we're paying out based out on single blocks/rounds.

How much you earn on this pool /block for lets say 1800 GH/s ?? almost 2 TB.

thx!

EDIT: and how much difficulty you put for workers???

I have 4 Antminer S3. Should i change default "4" ? to "256" for example?

and where can i see current block progress? Cant find where are the stats for the curret block that we are mining

Is it overclocked? What are the temps? You should post this in mining support for better response.

Getting much errors + rejects using s3. Any solution?

We did.  Last time it was 2x 0 shifts in a row due to a block that was ~6.5x difficulty.  This one was ~6x.  Luckily we've been having pretty good luck overall the last week, to the point that a 0-block shift didn't even take our 3-day average under 100% (121% as of this post).

I thought we just had one about 1 - 2 weeks ago?

And that's one of the BIG reasons that keep me here.

GHASH seems to go down once a day on average and has terrible problem with invalid blocks..
Eligius has one of the most confusing payout systems and their dashboard is constantly going in to some kind of emergency mode...
Slush is just too small these days although they seem very stable too.

Ditto! I absolutely hate those ugly extra decimal points that some other pools payout. Lol. It's one of the small, seemingly insignificant reasons that keep me here.

Just wanted to comment that and couple seconds after that i read your post.

In the last 2 years didnt see that 

A whole shift of all 0's. I have never actually seen it happen in over a year of mining here.

Crazy. Gotta be some good luck ahead!

No, that will not be happening.  Most sites with "Pending" balances mean they're showing you blocks which haven't confirmed yet.  BTC Guild credits you as soon as a block has 2 confirmations instead of waiting for 100 or 120.

If you're referring to 'Estimated' amounts...I'm not adding that because many people are too stupid to understand what 'Estimated' means.  BTC Guild solves a block on average every 2-2.5 hours.  Sometimes we get 3-4 in an hour.  Sometimes we take 8-12 hours on a really bad one.  Even a record breaking bad luck block would not take a full day.  If that is causing you too much anxiety, you shouldn't be mining at all.

I have only been mining for a couple of months. I like BTC Guild because it seems to have a great reputation. I mined at Ghash for a while but their reputation on this forum is rather poor and they apparently have a history of being low on ethics but 1 thing I really liked was the frequency that the balance increased. It was much faster than BTC Guild. It takes hours for my account balance to update on BTC Guild. I don't know if this due to pool size differences.

I compared the returns from Ghash and BTC guild and after a short time they come out the same. The only difference is the frequency of updates to the balance.

I have way more anxiety waiting for the available balance to increase than the size of my mining operation warrants but anxiety none the less. I look at the numbers on the dashboard and the numbers on the PPLNS stats page but really not sure how to figure out what's coming. So I find myself anxiously mashing away at the dashboard button at an embarrassing frequency looking for the next update of the balance field.

The one other SHA-256 pool I've tried had a pending field on the website that shows the amount that will show up in the available balance amount eventually. It updated often enough that I didn't stress the next amount. This pool was relatively new and had reliability issues that I couldn't deal with. Two scrypt pools I'm in each have pending or immature fields that show what is going to be added to the available balance soon. This may be because of conversion of scrypt coins to bitcoins. Not sure.

I like the reliability and reputation of BTC Guild and want to call it home but the anxiety. Hopefully I'm not the only anxious for an update person. Any chance of adding a pending or immature field that updates every half hour or what ever time span is realistic.

Hi guys, I started mining here about three weeks ago. I only have 500 ghs, but I have it all pointed at BTCGuild and so far I have been getting about 0.01 bitcoin a day.
This pool seems really stable, I wasn't sure what to expect when I first started mining. It is really professionally done.

Just made this post to say hi to everybody.