How do i use PPS and 1 GH/s to determine ⊅BTC earned?

Graet

vip

Activity: 980

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sorry? I do not understand "cost miners"
the DGM thread covers this quite well

Quote from: Meni Rosenfeld on January 01, 2012, 02:23:57 PM

I like to think of it as a capacitor. If you have a light bulb and capacitor in parallel connected to a DC source, the bulb won't be lit right away. As the capacitor charges more current is routed through the bulb and it becomes brighter, until it reaches its maximum brightness as if there was no capacitor. If the power source is disconnected, the bulb gradually fades as the capacitor discharges its stored energy through the bulb. No energy is lost.

Of course there are many other real-life examples of this dynamic. Electric radiative space heaters come to mind - you turn them on and only after a while they become hot and heat the room. The dynamic is the same also quantitatively - in all 3 cases it can be modeled with (dx / dt) = a - bx, where a becomes 0 when the source is discontinued, and where x is itself the derivative of some quantity of interest.

if there is an initial "cost" then when you stop mining there is a "bonus" that evens out this "cost"

check_status

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Web Dev, Db Admin, Computer Technician

So you are saying that DGM costs more to miners from day 1 until day n, when mining has become 0 fee.
How much more does DGM cost miners initially compared to the PPS worksheet above?

Graet

vip

Activity: 980

Merit: 1001

both are DGM pools not PPS pools
DGM has a "luck" or variance factor

if emc were having a bad run while we had our awesome run yesterday 12% could be easy.
maybe next time emc has luck we dont, thats how it goes

What DGM offers is over time to even out to 0fee PPS this time can be months not minutes or hours

check_status

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Web Dev, Db Admin, Computer Technician

Quote from: DeathAndTaxes

fair value for PPS = (current block reward) / (current difficulty) in BTC per share.

Current difficulty is 1,509,101.11 and current avg block reward is ~50 so full value for PPS share is 0.00003313 (or 3313 satoshis).
. If pool is paying less than that then the difference as a % is an undisclosed fee.

So this is the ideal maximum payout possible based on the difficulty you list regardless of the actual scoring system?

For example, I'm trying to compare these 2 pools:

Quote

From OZCoin.net

Quote

Active Miners 898 Round Duration 00:29:51
Current Speed 444.39 GH/s Round Shares 187989
Difficulty Last Trade Daily Avg
1508590 5.1200 5.1000 BTC
653463 0.0090 0.0092 NMC

From EclipseMC

1 share ≈ 2^32 hashes or 4294.967296 megahashes <--This value is a constant, correct?
Full value for PPS share is 0.00003313 <---Comparison value.

Ozcoin
1,067,820 * 86,400 = 92 259 648 000 MHash/Day
92,259,648,000 / 4294.967296 = 21,480,873.2
21,480,873.2 * .00003313 = 711.661329 Payout Per Day
711.661329 / 1,067.82 = 0.666461884

EclipseMC
444,390.00 * 86,400 = 38,395,296,000 MHash/Day
38,395,296,000 / 4294.967296 = 8,939,601.48
8,939,601.48 * .00003313 = 296.168997 Payout Per Day
296.168997 / 444.39 = 0.666461885 Payout per Day per Gighash

Hmm. Ozcoin and EclipseMC no longer have 12%+ difference.
Are there other factors causing the variance that can explain a 12%+ difference in payout per day per Gigahash between pools?
How would rejected and stales affect the ideal payout per gigahash for EclipseMC @ 0.666461885?

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Not to mention issues with how your shares are potentially used without your consent on rEligius.

DeathAndTaxes

donator

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Gerald Davis

Yeah it is a good pool but people should understand the "owed" funds are not guaranteed. If the pool fails those funds could potentially never be repaid. arsbitcoin is a good example (although IMHO the failure had more to do with neglect).

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Quote from: ssateneth on May 03, 2012, 04:00:28 PM

Quote from: check_status on May 03, 2012, 08:14:49 AM

I asked the question, not to figure out how much I could make, which is the machines potential, but learn how much a pool is paying out at the time the calculation is done. A way to compare pools without having to go mine with them, as long as they make valid information available.
There can be a 10-15% difference between better paying pools and lower paying pools. If you didn't know this you might think you need to tweak your hardware more.

Wel if this is about ebtter paying pools, mine at Eligius. It's 0% fee and PPS. Don't even need to setup any logins or anything, just point your miners at http://:[email protected]:8337. Payout is automatically queued (not guaranteed immediately, but queued) around 0.67 BTC or a week after your last submitted share. Stats for your "login" can be seen at http://eligius.st/~artefact2/7/. Mine as an example is http://eligius.st/~artefact2/7/1CxcPP8FVktppy4PHTYJKnZFqQeyZ3jArb . Any of the huge variances you may see is a result me manually adjusting GPU's clocks/volts to agree with the warming weather.

Eligius is SMPPS, not PPS, unless something changed recently.

ssateneth

legendary

Activity: 1344

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Quote from: check_status on May 03, 2012, 08:14:49 AM

I asked the question, not to figure out how much I could make, which is the machines potential, but learn how much a pool is paying out at the time the calculation is done. A way to compare pools without having to go mine with them, as long as they make valid information available.
There can be a 10-15% difference between better paying pools and lower paying pools. If you didn't know this you might think you need to tweak your hardware more.

Wel if this is about ebtter paying pools, mine at Eligius. It's 0% fee and PPS. Don't even need to setup any logins or anything, just point your miners at http://:[email protected]:8337. Payout is automatically queued (not guaranteed immediately, but queued) around 0.67 BTC or a week after your last submitted share. Stats for your "login" can be seen at http://eligius.st/~artefact2/7/. Mine as an example is http://eligius.st/~artefact2/7/1CxcPP8FVktppy4PHTYJKnZFqQeyZ3jArb . Any of the huge variances you may see is a result me manually adjusting GPU's clocks/volts to agree with the warming weather.

DeathAndTaxes

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Gerald Davis

Quote from: check_status on May 03, 2012, 08:14:49 AM

I asked the question, not to figure out how much I could make, which is the machines potential, but learn how much a pool is paying out at the time the calculation is done. A way to compare pools without having to go mine with them, as long as they make valid information available.
There can be a 10-15% difference between better paying pools and lower paying pools. If you didn't know this you might think you need to tweak your hardware more.

Well that is far simpler calculation.

fair value for PPS = (current block reward) / (current difficulty) in BTC per share.

Current difficulty is 1,509,101.11 and current avg block reward is ~50 so full value for PPS share is 0.00003313 (or 3313 satoshis).
. If pool is paying less than that then the difference as a % is an undisclosed fee.

check_status

full member

Activity: 196

Merit: 100

Web Dev, Db Admin, Computer Technician

I asked the question, not to figure out how much I could make, which is the machines potential, but learn how much a pool is paying out at the time the calculation is done. A way to compare pools without having to go mine with them, as long as they make valid information available.
There can be a 10-15% difference between better paying pools and lower paying pools. If you didn't know this you might think you need to tweak your hardware more.

GernMiester

sr. member

Activity: 285

Merit: 250

Yeah that can be done if your a mathamagician or

http://bitcoinx.com/profit/

will give you a good idea of what you will get. Its within .059 BTC of what I am getting paid out right now and
that probably due to variance.

Since your hash rates will vary, a close estimate is probably going to be just fine.

ssateneth

legendary

Activity: 1344

Merit: 1004

1 share ≈ 2^32 hashes or 4294.967296 megahashes
60*60*24 seconds in a day = 86,400 seconds/day
1010MH/sec = 87,264,000 Megahashes/day

Shares/day = (MHash/day) / (Megahashes/share)
Shares/day = 87264000 / 4294.967296
Shares/day ≈ 20317.73
Payout/day = 20317.73 * 0.00003 Bitcoins/share
Payout/day = 0.60953199 Bitcoins

Feel free to tip.

1BXNapSrzTSfmqSD63e49eh2JvDkeotCxt

check_status

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Web Dev, Db Admin, Computer Technician

Example:
If PPS for a pool is .00003 and my rig hashes 1010 MH/s, how do I determine ⊅BTC earned per day?

Topic: How do i use PPS and 1 GH/s to determine ⊅BTC earned? (Read 2367 times)