Topic: ★★★★★ [COIN] ★★★★★ - page 7. (Read 40877 times)

Quote from: cinming on March 21, 2014, 02:24:23 AM

Hi, newbie here. mind if i ask a stupid question?

P2Pool vs MPOS Pool

which one is better to mine if i got low hashrate, let's say like 250~330 KH/s Huh

right now i'm mining on P2Pool, but it looks like i'm getting fewer Coin than mining on MPOS Pool.

Hi @cinming, nice to meet you here! If your hashrate is around 300 KH/s you will be able to find around 12 blocks per day. I think it is still good for solo mining but your earnings may not be smooth. The easy formula to calculate the estimated number of blocks is:

Nblocks = 0.02 * KHrate / Diff

where KHrate is you hash rate in KILO-hashes and Diff is the current network difficulty. You may check the current network difficulty in your wallet console by typing in getinfo command.

The block reward is 1000 now and for the next three months. So, to calculate your income just multiply the above formula by x1000:

PerDayIncome = 20 * KHrate / Diff

Keep this in mind!

Thanks vilgem for answering, sorry for the late response,

Vilgem, what is the meaning of Nblocks on the formula ? is it the number of blocks i can find within a certain time or hourly?

Let's say that on my average 250KH/s condition, that will be :
NBlocks = 0.02 * 250 / 0.64581773 (Difficulty i checked on 10.15 AM UTC +7 time) >>> 7.742122533551378 Blocks

As for the Per Day Income formula, i should have :
PerDayIncome = 20 * 250 / 0.64581773 >>> 7742.122533551378

based on above statistic, i should have mined more than 3500 Coin if i mine on P2Pool on 12 hours of mining since the diff is less lower. but i only manage to mine less than 1000 Coin that 12 hours. Not to mention the blocks i found (or it's my bad luck i don't hit on a block?)

Is there something wrong with me??

NBlocks is the approximate number of blocks you will find on a daily basis (solo mining) if Diff will remain more or less stable. The both formulas work for me with some precision. If do not know much about P2Pools but what I heared is that you should mine for at least for 24 hours to start getting good shares. Blocks do not matter if you use P2Pool. You will get your shares based on your hashrate (total contribution to the network). If a node in P2Pool network finds a block it is shared by all P2Pool miners proportionally to their hashrate over some time period. PerDayIncode formula should give you estimated income value for any kind of mining (solo/P2Pool/MPOS). It will be working for the next several months until the block reward will be decreased to 900.

wow, thanks alot for the explanation vilgem. i guess i will try for solo mining then. hopefully it will give me better result than MPOS mining. Cheesy

You should find about 7-8 blocks daily. But this doesn't mean you will find such number of blocks. It can be 2-3. It can be 10-12. But if you take your monthly avarage it should give you 7-8 blocks. 250 KH/s is not really good for solo-mining with out current Diff. And I expect that Diff will increase significantly in a week (may be even less). It is steadily increasing. Did you try an MPOS pool? Guys, do we have an MPOS pool which provides at least 3 Mh/s of total hashrate?

My pool, at http://coin.fedaykin.us is an MPOS pool, right now we're running about 3.5MH. Why don't you give us a shot?

vilgem

member

Activity: 98

Merit: 10

Quote from: vilgem on March 21, 2014, 01:07:09 AM

Quote from: nenzo007 on March 20, 2014, 02:58:52 PM

Hi, newbie here. mind if i ask a stupid question?

P2Pool vs MPOS Pool

which one is better to mine if i got low hashrate, let's say like 250~330 KH/s Huh

right now i'm mining on P2Pool, but it looks like i'm getting fewer Coin than mining on MPOS Pool.

Hi @cinming, nice to meet you here! If your hashrate is around 300 KH/s you will be able to find around 12 blocks per day. I think it is still good for solo mining but your earnings may not be smooth. The easy formula to calculate the estimated number of blocks is:

Nblocks = 0.02 * KHrate / Diff

where KHrate is you hash rate in KILO-hashes and Diff is the current network difficulty. You may check the current network difficulty in your wallet console by typing in getinfo command.

The block reward is 1000 now and for the next three months. So, to calculate your income just multiply the above formula by x1000:

PerDayIncome = 20 * KHrate / Diff

Keep this in mind!

Thanks vilgem for answering, sorry for the late response,

Vilgem, what is the meaning of Nblocks on the formula ? is it the number of blocks i can find within a certain time or hourly?

Let's say that on my average 250KH/s condition, that will be :
NBlocks = 0.02 * 250 / 0.64581773 (Difficulty i checked on 10.15 AM UTC +7 time) >>> 7.742122533551378 Blocks

As for the Per Day Income formula, i should have :
PerDayIncome = 20 * 250 / 0.64581773 >>> 7742.122533551378

based on above statistic, i should have mined more than 3500 Coin if i mine on P2Pool on 12 hours of mining since the diff is less lower. but i only manage to mine less than 1000 Coin that 12 hours. Not to mention the blocks i found (or it's my bad luck i don't hit on a block?)

Is there something wrong with me??

NBlocks is the approximate number of blocks you will find on a daily basis (solo mining) if Diff will remain more or less stable. The both formulas work for me with some precision. If do not know much about P2Pools but what I heared is that you should mine for at least for 24 hours to start getting good shares. Blocks do not matter if you use P2Pool. You will get your shares based on your hashrate (total contribution to the network). If a node in P2Pool network finds a block it is shared by all P2Pool miners proportionally to their hashrate over some time period. PerDayIncode formula should give you estimated income value for any kind of mining (solo/P2Pool/MPOS). It will be working for the next several months until the block reward will be decreased to 900.

wow, thanks alot for the explanation vilgem. i guess i will try for solo mining then. hopefully it will give me better result than MPOS mining. Cheesy

You should find about 7-8 blocks daily. But this doesn't mean you will find such number of blocks. It can be 2-3. It can be 10-12. But if you take your monthly avarage it should give you 7-8 blocks. 250 KH/s is not really good for solo-mining with out current Diff. And I expect that Diff will increase significantly in a week (may be even less). It is steadily increasing. Did you try an MPOS pool? Guys, do we have an MPOS pool which provides at least 3 Mh/s of total hashrate?

vilgem

member

Activity: 98

Merit: 10

Guys,

I need your help on something. It is a community thing.
The mintpal exchange has a voting system that allows every registered user that has done minimum one trade, to place 5 votes pr. hour.
This mean YOU could potentially place 35 votes each day on COIN if you just manage to vote 7(x5) times a day. Voting is done really fast, you just press Vote outside COIN, and see the counter counts up. As mentioned you can do 5 times each hour.

Advantages:
- List is accumulating. It will not reset. Your votes will never be wasted.
- When we are in the top 10, we are exposed to lots of people every day. It is like an advertisement on their site.
- Eventually we can get listed on one of the top 5 exchanges.

We need to get started, and we need to do it, and we need to do it regularly.
I have started. I even paid 0.01 BTC to get COIN far away from the pathetic bottom position with 0 votes.
But this is not about paying it is about a commitment to COIN by voting, and doing regularly. I expect your participation.

ATM you can find COIN with 125 votes: https://www.mintpal.com/voting

You need about 100000 votes to be chosen as a winner. Even if 20 people will EVERY DAY do 35 votes as you suggest it will take 5 months to get there. I'm afraid the only possibility to be listed in MintPal is to buy votes. But here is an interesting thing I noticed. At the moment PopulaceCoin (POC) (never heard about it) is on the first position with 70845 votes. I checked its BTC voting account - only 1.19919376 BTC were donated. It is equal to 11992 votes. Where the hell do another 70845 - 11992 = 58853 votes come from? Ordinary votes? Lets assume POC community does not sleep and vote 5 x 24 = 120 votes per person per day. This is 490 man-days. This is just IMPOSSIBLE. I think we should contact MintPal owners directly, probably there is "another possibility" to get COIN listed on their exchange.

cinming

newbie

Activity: 27

Merit: 0

Quote from: vilgem on March 21, 2014, 01:07:09 AM

Quote from: coin-project on March 20, 2014, 02:12:52 PM

Hi, newbie here. mind if i ask a stupid question?

P2Pool vs MPOS Pool

which one is better to mine if i got low hashrate, let's say like 250~330 KH/s Huh

right now i'm mining on P2Pool, but it looks like i'm getting fewer Coin than mining on MPOS Pool.

Hi @cinming, nice to meet you here! If your hashrate is around 300 KH/s you will be able to find around 12 blocks per day. I think it is still good for solo mining but your earnings may not be smooth. The easy formula to calculate the estimated number of blocks is:

Nblocks = 0.02 * KHrate / Diff

where KHrate is you hash rate in KILO-hashes and Diff is the current network difficulty. You may check the current network difficulty in your wallet console by typing in getinfo command.

The block reward is 1000 now and for the next three months. So, to calculate your income just multiply the above formula by x1000:

PerDayIncome = 20 * KHrate / Diff

Keep this in mind!

Thanks vilgem for answering, sorry for the late response,

Vilgem, what is the meaning of Nblocks on the formula ? is it the number of blocks i can find within a certain time or hourly?

Let's say that on my average 250KH/s condition, that will be :
NBlocks = 0.02 * 250 / 0.64581773 (Difficulty i checked on 10.15 AM UTC +7 time) >>> 7.742122533551378 Blocks

As for the Per Day Income formula, i should have :
PerDayIncome = 20 * 250 / 0.64581773 >>> 7742.122533551378

based on above statistic, i should have mined more than 3500 Coin if i mine on P2Pool on 12 hours of mining since the diff is less lower. but i only manage to mine less than 1000 Coin that 12 hours. Not to mention the blocks i found (or it's my bad luck i don't hit on a block?)

Is there something wrong with me??

NBlocks is the approximate number of blocks you will find on a daily basis (solo mining) if Diff will remain more or less stable. The both formulas work for me with some precision. If do not know much about P2Pools but what I heared is that you should mine for at least for 24 hours to start getting good shares. Blocks do not matter if you use P2Pool. You will get your shares based on your hashrate (total contribution to the network). If a node in P2Pool network finds a block it is shared by all P2Pool miners proportionally to their hashrate over some time period. PerDayIncode formula should give you estimated income value for any kind of mining (solo/P2Pool/MPOS). It will be working for the next several months until the block reward will be decreased to 900.

wow, thanks alot for the explanation vilgem. i guess i will try for solo mining then. hopefully it will give me better result than MPOS mining. Cheesy

coin-project

newbie

Activity: 42

Merit: 0

Fell asleap last nigh with laptop in my lap.. playing with LiveCode. Didn't used it before, it seams nice..

Trying to prepare COIN for services.. I'll have a free weekend and we really need to get one more major exchange for services to be ready to accept COIN. Lots of exchanges now asking "votes", even major ones. We'll see what is best option for us, and should make some kind of action plan for this new situation..

rustyknight

newbie

Activity: 17

Merit: 0

what do you think? it's the work from same artist that made the logo?
For me it's clean and simple.. just like COIN

http://i.imgur.com/EnbOAvM.png

Love the clean look !!!

vilgem

member

Activity: 98

Merit: 10

Hi, newbie here. mind if i ask a stupid question?

P2Pool vs MPOS Pool

which one is better to mine if i got low hashrate, let's say like 250~330 KH/s Huh

right now i'm mining on P2Pool, but it looks like i'm getting fewer Coin than mining on MPOS Pool.

Hi @cinming, nice to meet you here! If your hashrate is around 300 KH/s you will be able to find around 12 blocks per day. I think it is still good for solo mining but your earnings may not be smooth. The easy formula to calculate the estimated number of blocks is:

Nblocks = 0.02 * KHrate / Diff

where KHrate is you hash rate in KILO-hashes and Diff is the current network difficulty. You may check the current network difficulty in your wallet console by typing in getinfo command.

The block reward is 1000 now and for the next three months. So, to calculate your income just multiply the above formula by x1000:

PerDayIncome = 20 * KHrate / Diff

Keep this in mind!

Thanks vilgem for answering, sorry for the late response,

Vilgem, what is the meaning of Nblocks on the formula ? is it the number of blocks i can find within a certain time or hourly?

Let's say that on my average 250KH/s condition, that will be :
NBlocks = 0.02 * 250 / 0.64581773 (Difficulty i checked on 10.15 AM UTC +7 time) >>> 7.742122533551378 Blocks

As for the Per Day Income formula, i should have :
PerDayIncome = 20 * 250 / 0.64581773 >>> 7742.122533551378

based on above statistic, i should have mined more than 3500 Coin if i mine on P2Pool on 12 hours of mining since the diff is less lower. but i only manage to mine less than 1000 Coin that 12 hours. Not to mention the blocks i found (or it's my bad luck i don't hit on a block?)

Is there something wrong with me??

NBlocks is the approximate number of blocks you will find on a daily basis (solo mining) if Diff will remain more or less stable. The both formulas work for me with some precision. If do not know much about P2Pools but what I heared is that you should mine for at least for 24 hours to start getting good shares. Blocks do not matter if you use P2Pool. You will get your shares based on your hashrate (total contribution to the network). If a node in P2Pool network finds a block it is shared by all P2Pool miners proportionally to their hashrate over some time period. PerDayIncode formula should give you estimated income value for any kind of mining (solo/P2Pool/MPOS). It will be working for the next several months until the block reward will be decreased to 900.

cinming

newbie

Activity: 27

Merit: 0