Topic: Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB - page 123. (Read 1061417 times)
ouch on the 14+ hrblock
I have been mining with them since April this year, Wizkid is great and does a awesome job running the place. But learning all the ins and outs makes things a bit challenging. I just need to get the numbers in my head. Being a retired Engineer numbers have meaning to me and i have to make since of it to be comfortable.
He does a great job and he does teach well too.
He does a great job and he does teach well too.
I have been mining on Eligius for a couple weeks now and the added hash rate hasn't affected overall payment in a good or bad way. Which makes complete sense. Looking at it in a block by block case or a short term run can be very deceiving.
I like the website and all the stats given, especially the history of all the blocks found and how long they have taken. The one with 100+ hours from long ago was pretty funny to see. I also like the DBZ link to the >9000% luck blocks.
Overall really good work Wizkid! Were you able to get the correct controller card and replace it?
I like the website and all the stats given, especially the history of all the blocks found and how long they have taken. The one with 100+ hours from long ago was pretty funny to see. I also like the DBZ link to the >9000% luck blocks.
Overall really good work Wizkid! Were you able to get the correct controller card and replace it?
Ok thanks I stand corrected and educated.
Thanks for your patience Wizkid
Thanks for your patience Wizkid
Yes you are correct more hash rate more blocks i am not disputing that fact.
Estimated Change: this is on the stats page and is the estimated earning for that round or block what ever you want to call it.
Percentage of Pool this is on the contributors page is a mathematically the same number since each block awards 25 BTC to the pool and the contributors awards are based upon there hash rate and there percentage of the pool is the same based on there hash rate, during the processing the block. so if percentage of pool * 25 BTC you will find it is basically the same number as Estimated Change, of witch goes down every time the pool grows. It would have to or the BTC award per block per contributor would get all out of sync.
But with out good luck in finding blocks and there is no control over that it can be said users earnings will continuously go down every time there is a large increase in the total hash rate of the pool. It has to.
Estimated Change: this is on the stats page and is the estimated earning for that round or block what ever you want to call it.
Percentage of Pool this is on the contributors page is a mathematically the same number since each block awards 25 BTC to the pool and the contributors awards are based upon there hash rate and there percentage of the pool is the same based on there hash rate, during the processing the block. so if percentage of pool * 25 BTC you will find it is basically the same number as Estimated Change, of witch goes down every time the pool grows. It would have to or the BTC award per block per contributor would get all out of sync.
But with out good luck in finding blocks and there is no control over that it can be said users earnings will continuously go down every time there is a large increase in the total hash rate of the pool. It has to.
You seem to be confusing CPPSRB with proportional payout. The percentage of pool means nothing here and is simply a fun stat.
If your earnings per reward goes down X% due to an increase in pool hash rate of X% then the pool will also find X% more blocks on average.
Nothing to do with luck. Just basic statistics. You're rewarded properly for the shares you submit regardless of pool wide hash rate.
Yes you are correct more hash rate more blocks i am not disputing that fact.
Estimated Change: this is on the stats page and is the estimated earning for that round or block what ever you want to call it.
Percentage of Pool this is on the contributors page is a mathematically the same number since each block awards 25 BTC to the pool and the contributors awards are based upon there hash rate and there percentage of the pool is the same based on there hash rate, during the processing the block. so if percentage of pool * 25 BTC you will find it is basically the same number as Estimated Change, of witch goes down every time the pool grows. It would have to or the BTC award per block per contributor would get all out of sync.
But with out good luck in finding blocks and there is no control over that it can be said users earnings will continuously go down every time there is a large increase in the total hash rate of the pool. It has to.
Estimated Change: this is on the stats page and is the estimated earning for that round or block what ever you want to call it.
Percentage of Pool this is on the contributors page is a mathematically the same number since each block awards 25 BTC to the pool and the contributors awards are based upon there hash rate and there percentage of the pool is the same based on there hash rate, during the processing the block. so if percentage of pool * 25 BTC you will find it is basically the same number as Estimated Change, of witch goes down every time the pool grows. It would have to or the BTC award per block per contributor would get all out of sync.
But with out good luck in finding blocks and there is no control over that it can be said users earnings will continuously go down every time there is a large increase in the total hash rate of the pool. It has to.
Hash rate does not promise more blocks.
Incorrect. The number of blocks found on average is directly proportional to hash rate. More hash rate, more blocks. Less hash rate, less blocks.
You'll notice no where on Eligius is any type of earnings per block number, estimated or otherwise, since this number is meaningless with a proper reward system like CPPSRB.
Hash rate does not promise more blocks. Thats just the hope. When on goes from .025 BTC predicted earnings per block to .015 then to .0075 BTC per block it is way to much of a decline.
And the Percentage of Pool stat based on hash rate figure mathematically matched the predicted earnings. One can only slice and dice the 25 bc per block.
People really need to watch this as the pools grow.
And the Percentage of Pool stat based on hash rate figure mathematically matched the predicted earnings. One can only slice and dice the 25 bc per block.
People really need to watch this as the pools grow.
yes it does. my predicted earnings lowered every time the pool hash rate went up.
Thats all i am going say about this.
Thats all i am going say about this.
Your predicted earnings per block lower every time hash rate goes up, but bigger hash rate = more blocks, meaning your predicted earnings per time doesn't change.
Your predicted earnings per time lower every time network difficulty goes up.
It sounds to me you are complaining about network difficulty lowering your income.
I'm trying to edit my account but keeping getting an error in Bitcoin Qt when trying to sign the message. Here is a screen shot https://docs.google.com/file/d/0B9p5ZL6SMUtqMFdQUnppc3Q3a0k/edit hopefully some one can help me fix the problem
It looks like you don't own address mentionedThat is my wallet address, it is through coinbase is that the issue?
Coinbase owns Coinbase addresses. They agree to credit your account and allow withdrawals, but they maintain control of 100% of the bitcoin addresses they use. If you want to sign messages, you have to create a new bitcoin address that you control the private key to. Then, you can sign messages like the Eligius message. Make sure you understand this before you do it, as you will have to manage your BTC address and payments. Also, Elgius uses coinbase (small c) payments, which many exchanges and brokers have trouble with, so I wouldn't use a Coinbase (large c) address with any mining pool.
Thanks for your help, I have had this address for a while now and have used it on various pools without any problems. I will just leave the settings as default. Thanks again.
I'm trying to edit my account but keeping getting an error in Bitcoin Qt when trying to sign the message. Here is a screen shot https://docs.google.com/file/d/0B9p5ZL6SMUtqMFdQUnppc3Q3a0k/edit hopefully some one can help me fix the problem
It looks like you don't own address mentionedThat is my wallet address, it is through coinbase is that the issue?
Coinbase owns Coinbase addresses. They agree to credit your account and allow withdrawals, but they maintain control of 100% of the bitcoin addresses they use. If you want to sign messages, you have to create a new bitcoin address that you control the private key to. Then, you can sign messages like the Eligius message. Make sure you understand this before you do it, as you will have to manage your BTC address and payments. Also, Elgius uses coinbase (small c) payments, which many exchanges and brokers have trouble with, so I wouldn't use a Coinbase (large c) address with any mining pool.
yes it does. my predicted earnings lowered every time the pool hash rate went up.
Thats all i am going say about this.
Thats all i am going say about this.
Yes, you earned less each block. You earned many more blocks. The total earnings per day are the same.
I'm trying to edit my account but keeping getting an error in Bitcoin Qt when trying to sign the message. Here is a screen shot https://docs.google.com/file/d/0B9p5ZL6SMUtqMFdQUnppc3Q3a0k/edit hopefully some one can help me fix the problem
It looks like you don't own address mentionedThat is my wallet address, it is through coinbase is that the issue?
I'm trying to edit my account but keeping getting an error in Bitcoin Qt when trying to sign the message. Here is a screen shot https://docs.google.com/file/d/0B9p5ZL6SMUtqMFdQUnppc3Q3a0k/edit hopefully some one can help me fix the problem
It looks like you don't own address mentioned 
are stats in safe mode again?
I'm trying to edit my account but keeping getting an error in Bitcoin Qt when trying to sign the message. Here is a screen shot https://docs.google.com/file/d/0B9p5ZL6SMUtqMFdQUnppc3Q3a0k/edit hopefully some one can help me fix the problem
yes it does. my predicted earnings lowered every time the pool hash rate went up.
Thats all i am going say about this.
Thats all i am going say about this.
I understand now what you mean. My explanation is still right, but I see what you mean about your earnings per round. I hope to explain it to you this time so that you understand.
The pool is finding blocks faster due to the higher pool hashrate. So each round is not predicted to last as long. So your estimated earnings for each round go down. But this is made up for finding more blocks (i.e. faster round time).
Say the pool has a hashrate so that it expects to find 1 block every 3 hours (round time of 3 hours). Say that your percentage of the hashrate is 1%, so your earnings for each round are 1% of 25 BTC.
Now say the pool gains 3x the hashrate. It now expects to find 1 block every 1 hour (round time of 1 hour). Your percentage of the hashrate is 1/3 of 1%, so your earnings for each round are 1/3 of 1% of 25 BTC.
But this doesn't make a difference to you because the pool is finding blocks once every 1 hour instead of every 3 hours. You earn 1/3 of 1% of 75BTC instead of 1% of 25BTC. Your earnings are the exact same.
something Hashrate: 10,221.89 Th/s Round Time: 2:59:22
Round Shares: 5290720037 Round Luck: 372.9%
odd just happened round at 7+ hours and luck at 48%, refreshed the stats page round change to 2:51 min. luck at 555% hum
Round Shares: 5290720037 Round Luck: 372.9%
odd just happened round at 7+ hours and luck at 48%, refreshed the stats page round change to 2:51 min. luck at 555% hum
yes it does. my predicted earnings lowered every time the pool hash rate went up.
Thats all i am going say about this.
Thats all i am going say about this.
so as the top end gets higher hash rates the smaller guys % of the pool capability gets smaller.
Yes. This is as it should be. It does not affect your daily
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