[Closed] Galaxy Mining Pool - [Stratum, Vardiff, ASIC ready]

crazyearner

legendary

Activity: 1820

Merit: 1001

Quote from: bloke on August 13, 2013, 02:58:51 PM

Galaxy Mining Pool is shutting down due to insufficient hash rate.

We've been at a mere 7 Ghash/sec for the last 12 hrs.
The difficulty just jumped to 50,810,339.
As they say, you do the math.

All confirmed balances will be paid out in the next couple of days.

maybe introduce other coins and have merged mining like bitparking does and continue to grow it. maybe open to other coins to due to BTC jumping over 13mill in last jump I tend not to btc mine anymore due to the fact f the ever growing difficulty unless its merged and can make up the diff in the merged mining coin.

bloke

newbie

Activity: 19

Merit: 0

Galaxy Mining Pool is shutting down due to insufficient hash rate.

We've been at a mere 7 Ghash/sec for the last 12 hrs.
The difficulty just jumped to 50,810,339.
As they say, you do the math.

All confirmed balances will be paid out in the next couple of days.

bloke

newbie

Activity: 19

Merit: 0

Quote from: eleuthria on August 06, 2013, 04:12:34 PM

6 SPM is pretty low. Generally pools target ~15-20 SPM, because there is a significant difference in 24-hour variance when you start going much lower than that. In the long run, it doesn't matter, but most miners tend to be obsessed with 24-hour, 1-hour, and even smaller time frames on occasion.

Thanks for that.

I have changed the pool's target share rate to: 1 share every 4 seconds (15 shares per minute).

eleuthria

legendary

Activity: 1750

Merit: 1007

Quote from: bloke on August 06, 2013, 02:35:44 PM

Quote from: metal_jacke1 on August 06, 2013, 02:11:10 PM

I'll give it a shot. Would be nice if I could set payout to .01 instead. Im a lowly miner.

I've been thinking of decreasing the minimum send threshold for a while now.
It's now set to 0.01 BTC.

I'm open to tweaking other parameters too, including the VARDIFF target share rate.
It's currently set to "1 share every 10 seconds" (6 shares per minute) which I am personally happy with, as a miner.
But I'm always open to suggestions.

6 SPM is pretty low. Generally pools target ~15-20 SPM, because there is a significant difference in 24-hour variance when you start going much lower than that. In the long run, it doesn't matter, but most miners tend to be obsessed with 24-hour, 1-hour, and even smaller time frames on occasion.

bloke

newbie

Activity: 19

Merit: 0

Quote from: metal_jacke1 on August 06, 2013, 02:11:10 PM

I'll give it a shot. Would be nice if I could set payout to .01 instead. Im a lowly miner.

I've been thinking of decreasing the minimum send threshold for a while now.
It's now set to 0.01 BTC.

I'm open to tweaking other parameters too, including the VARDIFF target share rate.
It's currently set to "1 share every 10 seconds" (6 shares per minute) which I am personally happy with, as a miner.
But I'm always open to suggestions.

metal_jacke1

member

Activity: 98

Merit: 10

I'll give it a shot. Would be nice if I could set payout to .01 instead. Im a lowly miner.

bloke

newbie

Activity: 19

Merit: 0

When a block is found, the round is complete, and each miner gets rewarded an amount (the "estimated reward" gives a rough indication of this amount).

Because we're not finding blocks yet, don't be fooled into thinking that the "estimated reward" is all you've "earned".
The pool uses unit-PPLNS with a window length X = 2. This means, the estimated reward that you see right now will (on average) be given to you twice (but this will vary depending on how many shares are submitted during each round).

As for the Bonus PPS rewards, those are paid immediately into your confirmed balance, as you can see on your Account page.

If you want to discuss any of this stuff, feel free to hang out in the IRC channel, myself and others are happy to answer any questions.

vulgartrendkill

hero member

Activity: 518

Merit: 500

Also, can I ask a question. Maybe a noob one but what ever...

Do I get a the shares converted into BTC once my estimate hits my payout minimum, or when a block is completed?

Thanks

vulgartrendkill

hero member

Activity: 518

Merit: 500

Joined! once my block erupters arrive, should start hashing at 3+ gh\s

BTCMiners.net

sr. member

Activity: 252

Merit: 250

I'd like to personally bump this pool. I use it partially throughout the day and I've had a chance to speak with the pool op and just good things overall. Hopefully it rises in some popularity so we can start mining some blocks

bloke

newbie

Activity: 19

Merit: 0

The pool is back online.

It has been migrated to a new hosting provider, and is now located in the USA.

bloke

newbie

Activity: 19

Merit: 0

I have temporarily taken the pool (i.e. the stratum server) offline.

The pool has a much higher bandwidth/data usage than I had anticipated.
With the current hosting provider (who are top notch, but also expensive) this is not a feasible situation.

I will explore some options over the coming days and let you know what happens.

c789

hero member

Activity: 850

Merit: 1000

I'm giving this pool a try. The rates are good, but I think not having merged mining is a significant drawback since several other pools offer it. People who are used to getting merged NMC will be a lot less likely to switch to a pool without it. The good rates are a plus though.

bloke

newbie

Activity: 19

Merit: 0

The issue that razorfishsl was having is unique to his situation, and does not affect any other miners.
The current mining system/software the he's running is more suited to a user-settable share difficulty, rather than dynamic server-controlled vardiff.

Quote from: marcoski711 on July 24, 2013, 11:32:23 PM

I would be interested in merged mining?

I don't have any immediate plans to implement merged mining, although it is something that I might consider in the future.

razorfishsl

sr. member

Activity: 399

Merit: 250

Something is not right with the vardiff.
I'm not seeing such problems on other pools... possibly some sort of temp option to disable vardiff , so I can keep mining whilst you look into it?

bloke

newbie

Activity: 19

Merit: 0

Quote from: razorfishsl on July 25, 2013, 12:38:29 AM

How can I be "above target"?

Miner software is:
https://github.com/TheSeven/Modular-Python-Bitcoin-Miner?source=cc

"above target" means that the submitted hash wasn't "below the target" number (which is the goal with Bitcoin mining).

Your issue seems to happen when VARDIFF kicks in, and the stratum-server tells your miner that there is a new share-difficulty.
It is possible that the mining software continues (for a short period of time) to submit shares at the "old" difficulty, and the server is rightly rejecting such shares (in which case there's nothing to worry about really).
At this stage, all I can suggest is for you to try another miner (e.g. cgminer) to see if the problem goes away.

I will report any further findings here.

razorfishsl

sr. member

Activity: 399

Merit: 250

whats this?

Code:

2013-07-25 13:35:36.443	[350]	Worker_FRA_06: 	Found share: Galaxy_Stratum:00000002b655f0fddb040d869b608dae84cf8bad0359d795424e5d8b0000001400000000a600d6e7050d1a327c9dfae51b3b6b8ffa54df0e758d434cbadcd90655a0b25651f0b9241a008968:9ec82f12
2013-07-25 13:35:36.683	[200]	Worker_FRA_06: 	Galaxy_Stratum rejected share 9ec82f12 (difficulty 4.23314): [-2, u'Share is above target', None]
2013-07-25 13:35:38.690	[350]	Worker_H02_01: 	Found share: Galaxy_Stratum:00000002b655f0fddb040d869b608dae84cf8bad0359d795424e5d8b00000014000000001bf5bd7ee6057985f60f9a4bfefbf0d988d05e9e3396a8a64b82505dfdf9be9751f0b9241a008968:0643f52e
2013-07-25 13:35:38.928	[200]	Worker_H02_01: 	Galaxy_Stratum rejected share 0643f52e (difficulty 3.24608): [-2, u'Share is above target', None]
2013-07-25 13:35:40.440	[350]	Worker_H01_11: 	Found share: Galaxy_Stratum:00000002b655f0fddb040d869b608dae84cf8bad0359d795424e5d8b00000014000000009731d1e2a59ae9b5676c8e0809efc26e97b935410e1689836a42ec201832d8d451f0b9241a008968:50f6464c
2013-07-25 13:35:40.630	[350]	Worker_FRA_02: 	Found share: Galaxy_Stratum:00000002b655f0fddb040d869b608dae84cf8bad0359d795424e5d8b00000014000000001308d0de6b16fbcdaf57c9d5d651561553e6be0a220ec194686938ed81484bc551f0b9241a008968:917fbd44
2013-07-25 13:35:40.677	[200]	Worker_H01_11: 	Galaxy_Stratum rejected share 50f6464c (difficulty 3.36081): [-2, u'Share is above target', None]
2013-07-25 13:35:40.916	[200]	Worker_FRA_02: 	Galaxy_Stratum rejected share 917fbd44 (difficulty 1.03650): [-2, u'Share is above target', None]
2013-07-25 13:35:41.348	[350]	Worker_H01_04: 	Found share: Galaxy_Stratum:00000002b655f0fddb040d869b608dae84cf8bad0359d795424e5d8b0000001400000000bceb9734e4f9d1d59757902a729c004ee6ca3b6682a930c603e9049dd07c249e51f0b9241a008968:e7cff744
2013-07-25 13:35:41.591	[200]	Worker_H01_04: 	Galaxy_Stratum rejected share e7cff744 (difficulty 1.13843): [-2, u'Share is above target', None]
2013-07-25 13:35:45.015	[350]	Worker_H01_02: 	Found share: Galaxy_Stratum:00000002b655f0fddb040d869b608dae84cf8bad0359d795424e5d8b00000014000000000ba9f1edfce170afb9b1e3d732c838f70696ea9552c2e9dc7e8655752acf147951f0b9241a008968:482adf66
2013-07-25 13:35:45.258	[200]	Worker_H01_02: 	Galaxy_Stratum rejected share 482adf66 (difficulty 1.64715): [-2, u'Share is above target', None]
2013-07-25 13:35:47.040	[350]	Worker_H01_02: 	Found share: Galaxy_Stratum:00000002b655f0fddb040d869b608dae84cf8bad0359d795424e5d8b00000014000000000ba9f1edfce170afb9b1e3d732c838f70696ea9552c2e9dc7e8655752acf147951f0b9241a008968:2675637b
2013-07-25 13:35:47.282	[200]	Worker_H01_02: 	Galaxy_Stratum rejected share 2675637b (difficulty 5.34471): [-2, u'Share is above target', None]

How can I be "above target"?

Miner software is:
https://github.com/TheSeven/Modular-Python-Bitcoin-Miner?source=cc

bloke

newbie

Activity: 19

Merit: 0

Quote from: razorfishsl on July 24, 2013, 11:59:01 PM

Do we still get paid for such shares?

2013-07-25 12:58:19.693 [300] Worker_H01_04: Share 61c0984b (difficulty 16.63933) didn't meet difficulty 25.00000

You currently don't get paid for such shares. I will try to find out why these are happening. What miner are you using (and what version)?
Looks like you had 32 such shares within a short space of time, but most of your shares are fine.

razorfishsl

sr. member

Activity: 399

Merit: 250

Do we still get paid for such shares?

2013-07-25 12:58:19.693   [300]   Worker_H01_04:    Share 61c0984b (difficulty 16.63933) didn't meet difficulty 25.00000

Pool total hash rate:   26,693.222 Mhash/sec (16 miners)
Your total hash rate:   8,754.575 Mhash/sec

lol......

Pool total hash rate:   28,368.259 Mhash/sec (16 miners)
Your total hash rate:   9,527.669 Mhash/sec

weeeeeeee

That needs fixing......

marcoski711

newbie

Activity: 15

Merit: 0

Quote from: TheXev on July 02, 2013, 01:02:06 PM

Any feature request, ideas or input are much appreciated.

I would be interested in merged mining?

bloke

newbie

Activity: 19

Merit: 0

In order to jump-start the pool, we are offering a second Special Introductory Offer (in addition to the first one):

For the first 5 rounds, the miner that finds the block will receive a 2 BTC bonus reward.

bloke

newbie

Activity: 19

Merit: 0

A number of new features have been added over the past week, including an API for monitoring your workers and a chart of the pool's total hash rate.

The new network difficulty has made finding a block even harder, so we need miners more then ever.

We are now 1.5 million shares into the Special Offer (which applies to the first 500 million shares, see above).

attila123

newbie

Activity: 3

Merit: 0

Just joined in with a 7970 and two block eruptors. Happy mining

bloke

newbie

Activity: 19

Merit: 0

To get the ball rolling, Galaxy Mining Pool is offering the following Special Introductory Offer:

For the first 500 million shares submitted to the pool, each share will be awarded 5 Satoshis (0.00000005 BTC).
This is a bonus PPS reward, on top of the regular PPLNS rewards.

Bonus rewards do not rely on blocks being found. They are paid directly to your confirmed balance as you submit shares.

This is free money, on top of the normal block rewards, so get mining!

bloke

newbie

Activity: 19

Merit: 0

Cheers QG.

Getting the hash rate up will be a challenge.

The pool will hopefully be offering an introductory offer in a week or so. I'll say more about it when the time comes.

QuiveringGibbage

hero member

Activity: 617

Merit: 543

http://idontALT.com

Good luck to you and your your pool. Love to see another Aussie pool op.

You may need a recruiting strategy to increase your pool's hash rate. If you have the funds, you could introduce PPS.

I'm not familiar with PPNLS.

Watching,
QG

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Np and all the best ! Grin

Cheers

bloke

newbie

Activity: 19

Merit: 0

Quote from: Hippie Tech on July 03, 2013, 01:18:53 AM

Some stats would be nice.

A public version of the "stats" page has now been added.
If you are logged in, this page will contain even more information.

Thanks for the request

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Some stats would be nice.

TheXev

member

Activity: 79

Merit: 10

So quiet in this thread. We need some people to check us out! Wink

Got a good back end so far.

Any feature request, ideas or input are much appreciated.

Branzig

sr. member

Activity: 316

Merit: 250

@WizardOfOre

Registered! Thanks... Grin

-Branzig.

bloke

newbie

Activity: 19

Merit: 0

Today we are pleased to announce the launch of Galaxy Mining Pool.

www.galaxy-mining.com

- Stratum mining interface.
- VARDIFF (Target rate of 1 share every 4 seconds).
- PPLNS reward system (window length: X=2).
- Hop-proof - optimal rewards for miners.
- Transaction fees distributed to miners.
- Custom built software.
- Https secured website.
- DDoS protected.
- Easy to use UI.
- Two APIs for monitoring (JSON format).
- Running on fast & reliable server infrastructure.
- IRC channel #galaxy-mining (on the Freenode network).

The pool fee will be 1% for the first six months of operation, and then it will revert to the normal 2% fee on January 1 2014.

SPECIAL INTRODUCTORY OFFER A:

For the first 500 million shares submitted to the pool, each share will be awarded 5 Satoshis (0.00000005 BTC).
This is a bonus PPS reward, on top of the regular PPLNS rewards.

Bonus rewards do not rely on blocks being found. They are paid directly to your confirmed balance as you submit shares.

SPECIAL INTRODUCTORY OFFER B:

For the first 5 rounds, the miner that finds the block will receive a 2 BTC bonus reward.

Topic: [Closed] Galaxy Mining Pool - [Stratum, Vardiff, ASIC ready] (Read 9598 times)