[CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers - page 65.

os2sam

legendary

Activity: 3583

Merit: 1094

Think for yourself

Quote from: MoreBloodWine on June 29, 2014, 04:07:49 PM

pools will be obsolete and only private farms will turn a profit thus bringing the doom and gloom end to bitcoin.

I don't follow your logic?!?

Pools will be obsolete because of private farms which will destroy Bitcoin??

That's kind of like the movie "Soylent Green" where global warming caused all food sources to be destroyed which in turn caused a population boom and over populated the Earth.

Obviously I'm missing something, please explain it too me.

psahx

full member

Activity: 154

Merit: 100

Quote from: eleuthria on June 29, 2014, 03:57:41 PM

All public pools are continuing to shrink in their share of the network as manufacturers of ASICs build up private farms for a fraction of the cost of individuals. Most ASICs these days are not going to turn a profit for an end user, but the manufacturer's cost per hash is significantly lower. In the last 2016 blocks, BTC Guild, Eligius, BitMinter, p2pool, and Slush combined aren't even 20% of the network anymore, and that has been a continuing trend for most of 2014.

So sad, but true Sad

What are the plans? What would you suggest to an end user? I do not want to hash for GHASH. Maybe you guys (BTC Guild, Eligius, BitMinter and Slush) will cooperate and redirect all your hash power to p2pool?

Sorry, if I sound too stupid, just want to know, what will happen to us

MoreBloodWine

legendary

Activity: 1064

Merit: 1001

Quote from: eleuthria on June 29, 2014, 03:57:41 PM

Quote from: psahx on June 29, 2014, 03:46:49 PM

Quote from: eleuthria on June 29, 2014, 03:04:18 PM

Difficulty: 16,818,461,371 (+24.93% over previous). We're now approaching the fun territory where it is possible for a shift to go unpaid if a block lasts too long (in terms of shares, not time).

Shifts are ~11b shares currently, meaning the total 'N' value is at ~110b, which is 6.875x current difficulty. This is the largest 'N' value of any PPLNS pool currently, but since the pool is not growing as fast as the network, it is slowly losing ground compared to difficulty. This means that if a block takes more than 7x the current diff in shares, at least one shift will go unpaid. You'll see this on GHash (much more frequently since their 'N' value is very low), p2pool, and BitMinter as well when a particularly long block hits. Again, 'long' in this sense is a measure of shares, not time, though the two are related.

So, .... when are you planning to grow the pool? Grin

All public pools are continuing to shrink in their share of the network as manufacturers of ASICs build up private farms for a fraction of the cost of individuals. Most ASICs these days are not going to turn a profit for an end user, but the manufacturer's cost per hash is significantly lower. In the last 2016 blocks, BTC Guild, Eligius, BitMinter, p2pool, and Slush combined aren't even 20% of the network anymore, and that has been a continuing trend for most of 2014.

So basically by say, Feb if not sooner, pools will be obsolete and only private farms will turn a profit thus bringing the doom and gloom end to bitcoin.

eleuthria

legendary

Activity: 1750

Merit: 1007

Quote from: psahx on June 29, 2014, 03:46:49 PM

Quote from: eleuthria on June 29, 2014, 03:04:18 PM

Difficulty: 16,818,461,371 (+24.93% over previous). We're now approaching the fun territory where it is possible for a shift to go unpaid if a block lasts too long (in terms of shares, not time).

Shifts are ~11b shares currently, meaning the total 'N' value is at ~110b, which is 6.875x current difficulty. This is the largest 'N' value of any PPLNS pool currently, but since the pool is not growing as fast as the network, it is slowly losing ground compared to difficulty. This means that if a block takes more than 7x the current diff in shares, at least one shift will go unpaid. You'll see this on GHash (much more frequently since their 'N' value is very low), p2pool, and BitMinter as well when a particularly long block hits. Again, 'long' in this sense is a measure of shares, not time, though the two are related.

So, .... when are you planning to grow the pool? Grin

All public pools are continuing to shrink in their share of the network as manufacturers of ASICs build up private farms for a fraction of the cost of individuals. Most ASICs these days are not going to turn a profit for an end user, but the manufacturer's cost per hash is significantly lower. In the last 2016 blocks, BTC Guild, Eligius, BitMinter, p2pool, and Slush combined aren't even 20% of the network anymore, and that has been a continuing trend for most of 2014.

MoreBloodWine

legendary

Activity: 1064

Merit: 1001

When he gets rich or cashes out on his coin stash lol

psahx

full member

Activity: 154

Merit: 100

Quote from: eleuthria on June 29, 2014, 03:04:18 PM

Difficulty: 16,818,461,371 (+24.93% over previous). We're now approaching the fun territory where it is possible for a shift to go unpaid if a block lasts too long (in terms of shares, not time).

Shifts are ~11b shares currently, meaning the total 'N' value is at ~110b, which is 6.875x current difficulty. This is the largest 'N' value of any PPLNS pool currently, but since the pool is not growing as fast as the network, it is slowly losing ground compared to difficulty. This means that if a block takes more than 7x the current diff in shares, at least one shift will go unpaid. You'll see this on GHash (much more frequently since their 'N' value is very low), p2pool, and BitMinter as well when a particularly long block hits. Again, 'long' in this sense is a measure of shares, not time, though the two are related.

So, .... when are you planning to grow the pool? Grin

eleuthria

legendary

Activity: 1750

Merit: 1007

Difficulty: 16,818,461,371 (+24.93% over previous). We're now approaching the fun territory where it is possible for a shift to go unpaid if a block lasts too long (in terms of shares, not time).

Shifts are ~11b shares currently, meaning the total 'N' value is at ~110b, which is 6.875x current difficulty. This is the largest 'N' value of any PPLNS pool currently, but since the pool is not growing as fast as the network, it is slowly losing ground compared to difficulty. This means that if a block takes more than 7x the current diff in shares, at least one shift will go unpaid. You'll see this on GHash (much more frequently since their 'N' value is very low), p2pool, and BitMinter as well when a particularly long block hits. Again, 'long' in this sense is a measure of shares, not time, though the two are related.

guytechie

hero member

Activity: 677

Merit: 500

Quote from: fivejonnyfive on June 29, 2014, 10:38:45 AM

Quote from: guytechie on June 29, 2014, 10:33:36 AM

Just over 9 hours and still no block found... This is overcompensating for the good luck we had.

Variance is variance. There are good streaks and there are bad streaks and in theory it all levels out.

But yeah, this block is a nail-biter, huh... Undecided

EDIT: Almost simultaneously to me posting this we found 308482 :-) Here's hoping for a lucky streak to come.

I'll toast to that! With Lucky Charms infused milk!

fivejonnyfive

sr. member

Activity: 294

Merit: 250

Quote from: guytechie on June 29, 2014, 10:33:36 AM

Just over 9 hours and still no block found... This is overcompensating for the good luck we had.

Variance is variance. There are good streaks and there are bad streaks and in theory it all levels out.

But yeah, this block is a nail-biter, huh... Undecided

EDIT: Almost simultaneously to me posting this we found 308482 :-) Here's hoping for a lucky streak to come.

guytechie

hero member

Activity: 677

Merit: 500

Just over 9 hours and still no block found... This is overcompensating for the good luck we had.

ManeBjorn

legendary

Activity: 1288

Merit: 1004

Give it at least an hour to come up to speed at the pool.

Quote from: sumana on June 29, 2014, 05:00:24 AM

how long it takes to update in website ?
i just started and it shows 800 shares in bfgminer but nothing in website

sumana

member

Activity: 73

Merit: 10

how long it takes to update in website ?
i just started and it shows 800 shares in bfgminer but nothing in website

MoreBloodWine

legendary

Activity: 1064

Merit: 1001

Quote from: guytechie on June 28, 2014, 08:19:12 AM

Quote from: MoreBloodWine on June 28, 2014, 03:38:41 AM

Who the hell ate all the lucky charms again, almost 6hrs since our last block found.

That, nearly 9 hour block was pretty crazy. 1:10p to 9:54p.

Up to 3 blocks so far today... if anyone wants easy tracking of last found, found today / found yesterday just keep an eye on my sig.

http://www.eojmarket.com/BTC-Guild_Stat_Sig/btcg_stat_sig-MoreBloodWine.php

guytechie

hero member

Activity: 677

Merit: 500

Quote from: MoreBloodWine on June 28, 2014, 03:38:41 AM

Who the hell ate all the lucky charms again, almost 6hrs since our last block found.

That, nearly 9 hour block was pretty crazy. 1:10p to 9:54p.

MoreBloodWine

legendary

Activity: 1064

Merit: 1001

Who the hell ate all the lucky charms again, almost 6hrs since our last block found.

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: guytechie on June 28, 2014, 12:07:55 AM

I missed most of the good luck and when I finally got my power and miners back up, this happens!

Yeah same here. I had to shut down for 6 hours due to AC failure and those 6 hours happen to be that little surge we had 2 days ago. I'm running full speed to get 1 block in 12 hours Shocked

guytechie

hero member

Activity: 677

Merit: 500

I missed most of the good luck and when I finally got my power and miners back up, this happens!

hurricandave

legendary

Activity: 966

Merit: 1003

I can now go have a Bourbon and relax. I'm not looking again till the hangover! Tongue

daddyfatsax

hero member

Activity: 857

Merit: 1000

Anger is a gift.

I've been doing my dance for a while. I'm gonna need more vodka to keep going.

psahx

full member

Activity: 154

Merit: 100

Here you go!

It worked!!!

Grin

Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers - page 65. (Read 903150 times)