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ComputerGenie

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Activity: 1092

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Retired IRCX God

Quote from: paramind22 on January 03, 2017, 02:35:57 PM

Small miners are still hashing chances that you would have to hash too, right? Why is what they are doing useless then? Just because a miner has 1000x the possibility of finding a block, doesn't mean that they aren't getting paid also 1000x what the small miner is getting. The small miners cut down on your probabilities of wasting your hashing power.

That is exactly the point of mining in a pool. Wink

paramind22

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Quote from: d57heinz on January 03, 2017, 02:17:10 PM

I've said it before and I'll say it again. Once a miner comes to your pool they should not leave. now in my case I found one block. So I made you all more than my shares should have. I bet if you look Kano you'll see that many with low blocks to diff are no longer mining. Could be im wrong. But also one has to look at all those small guys basically jut eating your rewards with Bismal chances of ever finding a block. There should be pool with a max of 1 ths per user or if they have s3 type miners. Put all those together. Those of us with min s7 or avalon 6 can stay on original pool. This will have to be done sooner better than later. They are draining this pool. Look at the small guy bdr and you'll have your answers

Br

Small miners are still hashing chances that you would have to hash too, right? Why is what they are doing useless then? Just because a miner has 1000x the possibility of finding a block, doesn't mean that they aren't getting paid also 1000x what the small miner is getting. The small miners cut down on your probabilities of wasting your hashing power.

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Quote from: d57heinz on January 03, 2017, 02:17:10 PM

I've said it before and I'll say it again. Once a miner comes to your pool they should not leave. now in my case I found one block. So I made you all more than my shares should have. I bet if you look Kano you'll see that many with low blocks to diff are no longer mining. Could be im wrong. But also one has to look at all those small guys basically jut eating your rewards with Bismal chances of ever finding a block. There should be pool with a max of 1 ths per user or if they have s3 type miners. Put all those together. Those of us with min s7 or avalon 6 can stay on original pool. This will have to be done sooner better than later. They are draining this pool. Look at the small guy bdr and you'll have your answers

Br

Puff...puff...pass
Exactly 0 miners that stay in the pool will ever "drain" it (and not many more than 0 that leave), what you put in is what you get out. By your "logic", the guy with 1PH should leave because those with 4.8TH are "draining" what he deserves.

Edit: P.S. - on any given day, the odds of an S7 finding a block are ~1 in 3,360.1 and the odds of an S9 only increase to ~1 in 1,243.5. Wink

d57heinz

legendary

Activity: 1453

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Bitcoin Talks Bullshit Walks

I've said it before and I'll say it again. Once a miner comes to your pool they should not leave. now in my case I found one block. So I made you all more than my shares should have. I bet if you look Kano you'll see that many with low blocks to diff are no longer mining. Could be im wrong. But also one has to look at all those small guys basically jut eating your rewards with Bismal chances of ever finding a block. There should be pool with a max of 1 ths per user or if they have s3 type miners. Put all those together. Those of us with min s7 or avalon 6 can stay on original pool. This will have to be done sooner better than later. They are draining this pool. Look at the small guy bdr and you'll have your answers

Br

VRobb

hero member

Activity: 1610

Merit: 538

I'm in BTC XTC

Arguing semantics at this point... Roll Eyes

What isn't just semantics is the fact that once the FedEx dogsled arrives in Labrador tomorrow I'll have another R4 pointed at the pool. More hash baby!! Cheesy

philipma1957

legendary

Activity: 4326

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'The right to privacy matters'

Luck. Is what it is luck.

I pulled the old s9s and have the avalons pointed at the pool.

I may buy 1 more Avalon and hook it up to the other two.

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Quote from: firetreeactual on January 03, 2017, 01:13:03 PM

Volatility is to do with market and spot...this is just pure luck...

By definition, luck-based is volatile.

Quote from: Webster's

volatile
adjective vol·a·tile \ˈvä-lə-təl, especially British -ˌtī(-ə)l\
Definition of volatile
… 4
… b : characterized by or subject to rapid or unexpected change
5
: difficult to capture or hold permanently : evanescent, transitory

firetreeactual

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Volatility is to do with market and spot...this is just pure luck. As someone said, mining is what it is. I have friends who actually mine gold...have been doing it for a long time...and it's a similar game. You have to commit resources to improve your gain...but that doesn't guarantee increased return. When you know you're in the "right place," you stick at it until you find the "right stuff." With crypto-mining, we know where the "right stuff" is at...it's a matter of having a backhoe big enough to move the electromagnetic "overburden" to get to it...ie., find/solve a block.

I don't think it's a bad idea in itself to attract more miners (why not?), but I also don't think it's necessary to give away anything to do it. This is an admittedly more unique pool. Overall, we've got a solid group of fairly knowledgeable folks who are (generally) the adults in the room. We (at least I) came here because of the stable, transparent environment and, concurrently, a reasonable return.

In the words of the iconic/immortal Rachel Maddow as she stirs her Manhattan..."We'll be fine!"

Kiss

ComputerGenie

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Retired IRCX God

Quote from: ?? on ??

Suggesting a different hobby would make our pool smaller, not what I had in mind.
...

That was sarcasm driven by the constant crying over myopic daily views. Undecided

Quote from: ?? on ??

...November was marginal, December was horrible, and yes we are only 3 days into the month. However, don't you agree, that the smaller we are, the closer to solo mining we are? And the larger we are the more blocks will be found? Yes payouts will be a little smaller, but the payouts will be more regular.
...

If your "expected payout" is for 9 months is 9x and you get x+10 in June, x-1 in July; x-1 in August; x-1 in September; x-1 in October; x-1 in November; x-10 in December; x+3 in January; x+2 in February, then you still get 9x. With any due respect, if your margins are such that you can't handle 1 really bad month (even on the back of a few slightly bad months), you really can't afford to be in the Bitcoin mining space.

I find the whole "the closer to solo mining we are" notion hysterically funny. I'm not sure that we have many here that would honestly be "closer to solo mining" (which is honestly an average of ~0.00324BTC per week with an S9 at the current difficulty) if we went an entire week before we hit our next block. I fail to see any comparison to making in excess of 100x over solo being "closer to solo" (again, that number excludes the few big guys).

Quote from: ?? on ??

...What does it hurt to ask what can be done to increase our pool size? I can wait and hope things get better, but I can also make suggestions to try to make things better.
...

Scroll back a few pages and see how many people had the same complaint when we we 2x larger than now. Undecided

Quote from: ?? on ??

...Do you have any suggestions on how we can improve our returns?

Don't get me wrong, I'm not trying to be a trolling idiot or person to bash anyone, I'm just asking "what can be done to help improve our situation?"

I'm not sure that there is a way to "improve returns" when you take such a myopic, short-term view of mining; mining is what mining is.

Edit: Did I mention that BTC/USD profit margins are up 40+% in the last 45 days (on top of the 60+% since June)? Roll Eyes

-EOS-

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Quote from: xxxgeniy on January 03, 2017, 10:45:54 AM

Block by Kedron! with 76.27THs. First Block Today!

Nice!

xxxgeniy

member

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Block by Kedron! with 76.27THs. First Block Today!

ComputerGenie

hero member

Activity: 1092

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Retired IRCX God

Quote from: ?? on ??

Looking at the monthly stats, we don't seem to be doing so hot...

You mean the stats where when you look at 8 months, realize we had 1 really bad month, realize that we're only 3 days into this month, and see that we're 3.98 (which is actually 3) lower than expected for all the other months combined?

I so really think that several people that post on here need a safer hobby (perhaps dodging cars on the German Autobahn), because they are not cut out for the inherent volatility of Bitcoin!

ComputerGenie

hero member

Activity: 1092

Merit: 552

Retired IRCX God

Quote from: n200UG on January 03, 2017, 02:34:11 AM

350% --- Ggggg. Chasing luck never worked for me, I always get screw. I would hope odds are better Kano go green then Slush luck continue. However, I always wonder about SQUARE laws. Example does a pool with 200Ph/s get exactly 10 time more chances then one with 20Ph/s or does it have more? I'm no math genius but seen square law effecting the obvious outcome of things.

The answer is "yes" and "no" Tongue

Since every share is random, every share has an equal possibility of being a solve.
The larger a given combined hashrate is (in this case, a pool), is the more shares produced by that group in a given time frame.
The more shares that are produced are the more chances that group may have a solve.

In the long run (over an extended period, i.e. 1 year), a pool with 200Ph/s will find ~10 times more blocks then one with 20Ph/s; however, in the short run (1 day, 1 week, 1 month, etc), every share/block is "anyone's game".

And for the record, when looking at "expected" find rate over the last 250 blocks found, including the "bonus" % that Slush had today, the difference between Kano and Slush is ~3% (or about 1 block a month, roughly 0.00675BTC p/TH p/year). My hope for 2017 is that people quit looking @ the narrow picture and panicking; but, instead, look at the big picture and realize that "it's all good in the hood". Grin

n200UG

newbie

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Quote from: xxxgeniy on January 02, 2017, 09:32:59 AM

Quote from: Newko on January 02, 2017, 08:44:59 AM

55 hours with no block...This continuing poor luck is really getting old - ugh!

slush ate all our blocks ))) Cheesy

http://image.prntscr.com/image/0ffdd4554f52433fb834721584696ca7.png

Kano Go GREEN Blocks Party!

350% --- Ggggg. Chasing luck never worked for me, I always get screw. I would hope odds are better Kano go green then Slush luck continue. However, I always wonder about SQUARE laws. Example does a pool with 200Ph/s get exactly 10 time more chances then one with 20Ph/s or does it have more? I'm no math genius but seen square law effecting the obvious outcome of things.

kano

legendary

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