Topic: mmpool.org - 1.5% fee DGM/PPS - tx fees/vardiff/merge mine/tor - page 51. (Read 361844 times)

7 coins - username isnt a coin, bruh

You can mine 8 coins with the same hash power at mm pool all at the same time. 

In particular if you want to mine any of the child coins it is by far the best place to be mining.

But why mine just a few if you can get 8 chances at solving a block for each share submitted !!

We could also rent some power at the same time  And get some lucky block! 

heres to the start of a new outlier.

We make 4 new blocks before the 4th of July 2015!

I don't mind at all. It's important to point out that low hash rate pools take a long time between blocks. The last few we had close together were an outlier - a nice one though. The only solution is more hash power. This is one of the reasons the PPS portion was introduced - to give some BTC reward during the long periods.

While I have always and still believe MM pool is one of the best around for mining you must understand the mathematics of things:

Lately as I have looked MM pool has averaged about 200 terrahash (note this is when I have looked at various times in the past few weeks)

Now the current network target for bitcoin is almost 49.7 billion and the network has run about even since the last adjustment about 8 days ago meaning blocks are roughly coming off at a ten minute average.

The estimated hashrate of bitcoin is riht now 343 petahash

So if mm pool is average 200 terrahash (and if I am wrong please correct me )  this is about .20 petahash meaning the entire pool is about .000583% of the network.  If you were 1% of the network you would expect to solve 1 % of 1008 blocks on average per week

(assuming the network and numbers stay the same which they never do but let's take a snapshot)

Since this is less than the block award of 25 (1% of 1008 is 10.08 btc) 

I hope this gives you some realistic expectations.

If you are .000583% of the network in two weeks out of 2016 blocks you should yield about 1.1753 btc

Put another way at 200 terrahash you have about a 50% chance of hitting a block about every 13 days.....at current network difficulty !!

This does not mean you can expect the pool to hit one every 13 days that is a 50% chance and the lower your hash power the more variation luck and in time increasing difficulty can play (although based on block production this cycle in about 5 days difficulty should remain nearly the same )

Since mm pool uses the dgm reward method (read about it in the wiki or on mm pools home page) you MUST BE PATIENT

Yes when you are mining in a pool that is small relative to the entire network you can wait a long time in between rounds.

It is luck when blocks will be solved and recently several were solved in a row.

Now this only discusses btc..... the child coins namecoin, etal....  are much more likely to accumulate in your wallet in mmpool because very few bitcoin pools even merge mine namecoin  or the others.....  The guild was about the longest runner and it closes in week for good.

If you know your tech you can merge mine btc with as many child coins as you can set up on p2pool but unless you really know what you are doing MMPOOL has the perfect set up  AND you will in the end earn just as much bitcoin as you would in Slushes pool , or any of the others or even solo mining (although I would not recommend taking the network on solo at this point....)     

Patience is the key and trust in the integrity of the pool operator plus the benefit in knowing you earn the auxuliary coins !! 

I hope the operator of mm pool does not object to this, since I don't want to discourage anyone but yes there can be some long rounds.....

You will get paid. And when you do it won't be .0000118 btc like in some pools that you can't even withdraw !!!

Hopefully this math clairifies things..... Also read the details of the pools payout method.....

Good luck

stress test?

I'm new to this pool, but it seems like this round is taking a VERY long time. Currently at 625:52:38 Am I wrong? I know it's not uncommon for pools to get "stuck" on really long rounds sometimes - is that's what's happening here?

Check your username that you're giving to the miners. It should be the same case (capitals/lowercase) as the username you're using when registered. This is the most common reason for 0 stats.

Many thanks!

I already have BTC, NMC, UNO, IXC wallets.

Perhaps i'll just mine those and leave the others.

Thx again!



E2A - registered but seeing 0 hashrate on the stats. 

rig (SP20) says all good..

It is ill-advised. Whether it's impossible depends on the exchange or service. If they have a deposit address that never changes then you can mine to that using mmpool. If they change the address though then there's a risk of lost funds.

Very, very ill advised.

bless you.

i did read all that on the mmpool site which is what caused me to check/ask.

BUTttttt.. i cant justify downloading (even) more clients, for the sake of various dust.


is it 'impossible' to mine direct to an exchange (and remove accumulated dust as & when) or merely ill-advised due to potential for loss/shenanigans?

if i may offer some advice ....

never mine coins to any address that you do not have control of the private keys for

dont mine coins (any coin) to an exchange wallet ever

always install the qt clients (use virtual box if you are afraid to install on your computer or own only one)

always hold your own coins

never store them on exchanges other than small sums

there are way to many things that can go wrong or possible bad outcomes and it will be pure luck if the outcome is good

honestly

mm pools set up page says this:

Note that you should prefer to use addresses that you control the private keys for. If you use an address for an exchange or wallet service and that service changes their addresses you won't be able to withdraw your coins. You will have to liase with the wallet service to recover them. The owner of the private keys for the addresses you use here effectively own the coins - that should be you!

If you don't listen to me please listen to him.

http://mmpool.org/register

i have been too cosy where i was mining to consider relocating but now have no choice with BTCguild shutting in 2 weeks.

So i'd like to clarify if it is 'ok' to use cryptsy wallets here as i see it says NOT to mine directly on each cryptsy wallet...

i apologise if its been covered but ive been negligent in keeping up with other pools' developments/criteria.

There was sporadic downtime of a few seconds over the last 30 minutes as some upgrades were done to some of the auxcoin daemons. Operation should now be back to normal.

There was about 10 minutes of downtime due a few minutes ago due to an issue with the groupcoin daemon. This has been resolved and the pool is back online.

seem to be dead in the water.


Stratum Host   mmpool.org   Stratum Port   3333
Hashrate (Th/s)   17.85   Round Duration   275:09:52   Round Shares   36,222,024,985   Round CDF   53.29%



Stratum Host   mmpool.org   Stratum Port   3333
Hashrate (Th/s)   17.45   Round Duration   275:10:12   Round Shares   36,222,024,985   Round CDF   53.29%


Stratum Host   mmpool.org   Stratum Port   3333
Hashrate (Th/s)   17.57   Round Duration   275:13:02   Round Shares   36,222,701,725   Round CDF   53.29%

not getting credit for hash spent see below

what is up with the pool?  only 19TH?  are we being attacked?



http://mmpool.org/statistics


I was mining with westhash and I was getting no credit.

  Seems like I lost 0.02 btc worth of hash  I had 50th pointed

you did not register it yet westhash was spending the hash.


This happened I while back.  I figure I lost   close to .05 or .06 btc

Yes, the pool has a buffer but when there's a few blocks in a small period I have to wait for an earlier one to confirm to keep existing withdrawals available without having large sums in the hot wallet.