Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 76. (Read 565833 times)
Recent price drop is thought to be whales preparing for the FBI's silkroad btc auction
June 13th, 2014 - Details about this week’s dividend payout:
336.08133768 BTC in total from mining
- 130.74756539 BTC as dividend (0.00168724 BTC/share)
- 130.74756539 BTC as payment for hardware (670.556213 BTC remaining)
- 74.58620690 BTC as hosting fee
With Ghash.io pool fluctuating between 40% and 50% of market share we are looking to set up our own pool (p2pool) or divide our hashrate over several pools, we will do some testing and experimenting before making a switch/final decision. Several criteria are important:
- Pool variance: A small pool has much more variance which has a direct effect on block finding and payout.
- Merged mining: pool should at the least allow merged mining for NMC
- Pool stability: pool should be stable, protected against DDoS attacks, no network latency, efficient work distribution etc.
Of course, the most important thing is that the Bitcoin eco-systems remains healthy, and to avoid a 51% attack.
Have a nice weekend,
Team CryptX
336.08133768 BTC in total from mining
- 130.74756539 BTC as dividend (0.00168724 BTC/share)
- 130.74756539 BTC as payment for hardware (670.556213 BTC remaining)
- 74.58620690 BTC as hosting fee
With Ghash.io pool fluctuating between 40% and 50% of market share we are looking to set up our own pool (p2pool) or divide our hashrate over several pools, we will do some testing and experimenting before making a switch/final decision. Several criteria are important:
- Pool variance: A small pool has much more variance which has a direct effect on block finding and payout.
- Merged mining: pool should at the least allow merged mining for NMC
- Pool stability: pool should be stable, protected against DDoS attacks, no network latency, efficient work distribution etc.
Of course, the most important thing is that the Bitcoin eco-systems remains healthy, and to avoid a 51% attack.
Have a nice weekend,
Team CryptX
130.74756539 btc moving for dividends, 0.00168724/share
Quote
336.08133768 BTC in total from mining
- 130.74756539 BTC as dividend (0.00168724 BTC/share)
- 130.74756539 BTC as payment for hardware (670.556213 BTC remaining)
- 74.58620690 BTC as hosting fee
- 130.74756539 BTC as dividend (0.00168724 BTC/share)
- 130.74756539 BTC as payment for hardware (670.556213 BTC remaining)
- 74.58620690 BTC as hosting fee
Assuming the exact same hosting costs, we are looking at a dividend of 0.00155588 (maybe a little more with converted NMC).
Would someone mind reposting the link to the current stats page for PETA's mined BTC? I can't find it on their site (or in a quick search of this form) and only had the old Eligius link bookmarked. Much thanks.
https://blockchain.info/address/1PETAmNrgdzx3FwzJPNuhx18JVKdGtwWt6
New estimate: 0.00167209
Edit: Actual dividend: 0.00168724
Assuming the exact same hosting costs, we are looking at a dividend of 0.00155588 (maybe a little more with converted NMC).
Would someone mind reposting the link to the current stats page for PETA's mined BTC? I can't find it on their site (or in a quick search of this form) and only had the old Eligius link bookmarked. Much thanks.
Is it just bad luck?
In a >40% pool and with a sample size of more than 1008 blocks? Has to be very, very bad luck.
True. I guess the week before that was just lucky, too.
0.0017 is actually more or less exactly what to expect (on average) with our hashrate and hosting costs at the moment.
Somewhat related - why is the forex rate falling if the inflation rate is down (on miners' luck) this week? Remember that demand for Bitcoin had to be rising equally to match the mint rate in order for the price to have been relatively constant the last couple of weeks...I guess it could always be whales manipulating the price on the exchanges
hashrate doesn't drive price, but price drives hashrate.
Right - drives variable costs down from electricity cost and makes reinvestment costs fall as well. But before, when the price/forex rate was stable, that mean that demand for bitcoin had to be increasing at the same rate that new coins were minted (at least in theory) - and this is keeping in mind during the last difficulty cycle the network had great luck, as evidenced by the boom in blocks found and the effective hashrate climbing well over 100PH.
So what I want to know is what economic factors have influenced the dropoff from demand (assuming there has in fact been a dropoff) that caused the price to dip again?
While what you're saying make sense, I'm not sure if the correlation between block generation and price is so close as to be impacted by a week or two of higher-than-average block generation. I guess it would depend on how many of those extra coins were converted and how many were hoarded. Also consider there were some positive news announcements recently which might have had some effect on demand.
As for the recent price decline, I think it's often tempting to assign news too much credit for price movement, but in this case I think the recent announcment of the govt auctioning off 30,000 bitcoins on June 27th definitely has a negative impact. I can't see how this trend could reverse until after the auction..
https://bitcointalksearch.org/topic/a-complete-guide-to-p2pool-merged-mining-btcnmcdvcixci0c-plus-ltc-linux-62842
the reinvestment portion could be taken from immature coins so as to not disrupt dividend payout while things get going
USB flash drives that can house the entire blockchain + OS necessary for p2pool are around 50 bucks (for the fancy ones)
even if you don't care about this from a morality standpoint, it would be a nice marketing angle
"merged mined! 0% fees! cloud mining without the evil!"
edit: wrong link
not to mention the goodwill of infusing p2pool with so much hashpower, i'm sure a reddit post about moving x petahash to p2pool would get some attention
k, so go ahead.
the reinvestment portion could be taken from immature coins so as to not disrupt dividend payout while things get going
USB flash drives that can house the entire blockchain + OS necessary for p2pool are around 50 bucks (for the fancy ones)
even if you don't care about this from a morality standpoint, it would be a nice marketing angle
"merged mined! 0% fees! cloud mining without the evil!"
edit: wrong link
not to mention the goodwill of infusing p2pool with so much hashpower, i'm sure a reddit post about moving x petahash to p2pool would get some attention
k, so go ahead.
We didn't mine 400 Bitcoin! Dvis will be less!
....oh well
Is it just bad luck?
In a >40% pool and with a sample size of more than 1008 blocks? Has to be very, very bad luck.
True. I guess the week before that was just lucky, too.
0.0017 is actually more or less exactly what to expect (on average) with our hashrate and hosting costs at the moment.
Somewhat related - why is the forex rate falling if the inflation rate is down (on miners' luck) this week? Remember that demand for Bitcoin had to be rising equally to match the mint rate in order for the price to have been relatively constant the last couple of weeks...I guess it could always be whales manipulating the price on the exchanges
hashrate doesn't drive price, but price drives hashrate.
Right - drives variable costs down from electricity cost and makes reinvestment costs fall as well. But before, when the price/forex rate was stable, that mean that demand for bitcoin had to be increasing at the same rate that new coins were minted (at least in theory) - and this is keeping in mind during the last difficulty cycle the network had great luck, as evidenced by the boom in blocks found and the effective hashrate climbing well over 100PH.
So what I want to know is what economic factors have influenced the dropoff from demand (assuming there has in fact been a dropoff) that caused the price to dip again?
Assuming the exact same hosting costs, we are looking at a dividend of 0.00155588 (maybe a little more with converted NMC).
will the amount of divs still rise from here or are we slowly heading down?
Neither. You are heading down fast. Unless you call ~4% per week (~7% from difficulty minus best case reinvestment) "slowly".
But lend me you shares for 6 months, and I'll give you 10% extra divs.
will the amount of divs still rise from here or are we slowly heading down?
meanwhile, scryptx is stable (underipo and undervalued)
Is it just bad luck?
In a >40% pool and with a sample size of more than 1008 blocks? Has to be very, very bad luck.
True. I guess the week before that was just lucky, too.
0.0017 is actually more or less exactly what to expect (on average) with our hashrate and hosting costs at the moment.
Somewhat related - why is the forex rate falling if the inflation rate is down (on miners' luck) this week? Remember that demand for Bitcoin had to be rising equally to match the mint rate in order for the price to have been relatively constant the last couple of weeks...I guess it could always be whales manipulating the price on the exchanges
hashrate doesn't drive price, but price drives hashrate.
Is it just bad luck?
In a >40% pool and with a sample size of more than 1008 blocks? Has to be very, very bad luck.
True. I guess the week before that was just lucky, too.
0.0017 is actually more or less exactly what to expect (on average) with our hashrate and hosting costs at the moment.
Somewhat related - why is the forex rate falling if the inflation rate is down (on miners' luck) this week? Remember that demand for Bitcoin had to be rising equally to match the mint rate in order for the price to have been relatively constant the last couple of weeks...I guess it could always be whales manipulating the price on the exchanges
Is it just bad luck?
In a >40% pool and with a sample size of more than 1008 blocks? Has to be very, very bad luck.
True. I guess the week before that was just lucky, too.
0.0017 is actually more or less exactly what to expect (on average) with our hashrate and hosting costs at the moment.
Is it just bad luck?
In a >40% pool and with a sample size of more than 1008 blocks? Has to be very, very bad luck.
Is it just bad luck?
In a >40% pool and with a sample size of more than 1008 blocks? Has to be very, very bad luck.
Is it just bad luck?
In a >40% pool and with a sample size of more than 1008 blocks? Has to be very, very bad luck.
Jump to: