Topic: Noobpool.com Ethereum mining, 0% pool fee! - page 16. (Read 19917 times)

Even if someone only mines for a day and leaves, they will still get their payment once a block is found if they mined enough to reach the 0.05eth threshold.  So even if they are not there mining when the block is found, they get paid for the help they did give.

I'm still working on improvements to the website to show more detailed statistics so people have a better idea of how much they are mining and an estimate of how much they will earn when the block is mined.

I like the statistic numbers you have for percentage of round shares.  Would be nice to show a total by hour of jobs or shares successfully submitted and if possible for each miner.   In 3 days, i've accumulated a 5% share with my 35MH miners running 24/7  thats an amazing improvement to other large pools, based on expected return.  I'm still way ahead of the other pools when the first block is found by several weeks. 

This really is a chance for the small guy to get a bigger portion of the block win.  What happened in 3 days would take 3 weeks with another large pool.  I've seen some larger miners jump on and then jump off instead of staying around for the endurance round.  I think staying with the pool now is most important as we are getting closer to finding a block.  It's not a matter of if but when and the when should be sooner.  Imagine jumping out a day before the first block is found.

Setting up your own pool is a pretty big undertaking, you need a Linux system setup with a fast internet connection on a SSD if you don't want to wait days to sync up.  If you don't know Linux you will probably not be able to set it up as there are no windows pool software that I know of.

Yeah, I'm going to set that up soon as well.  email is [email protected] in case you need it.  I do check these forums often.

Hi noobpool,
I hope you'll read this reply.
I am mining on your pool and I'll stay there till we'll find a block. My account is 0xf6ad221...
I think would be useful if you add a way to contact you on the pool website.
Bye bye

Well, that would be costly. You could, with your friends, join this pool so you get fair share at a very faster rate than starting your own pool (0% fee too).

HI - I am interested is this as well - based in South Africa

Could you give a quick break down of the software that you are using - might consider setting up something similar for myself and a few friends

thnx

Our pool rate has been hovering around the 500MH/s for a few days now, hopefully we can get it up to 1-2GH/s so we can find blocks faster and people can get their eth faster.  I'll soon be implementing an estimation of how much eth you'll receive once a block is found on your stats window.

Ok,  Here's an explanation for NOOBs.  While your pool doesn't show actual shares of ethercoin like the big pools do, yours does show the percent shares of the current pool when a block found and paid out.  So, the question for the big pools is how can they promise you shares of ether for each nonce successfully solved without a block solution?  Statistics and I would guess more money for the pool somehow.

In a way, in the beginning here, your pool is similar to mining solo.  payouts are bigger if you can do it, but a 20M Hash GPU could take a whole year to find one.  Because our pool is small the rewards are greater when we find one. 

Now, based on your pool I calculated with the help of coinwarz calculators at todays difficulty how long it will take to mine.

I'll setup 500MH is about 25-30 days or with LUCK(the statistical chance) the block will be found sooner. 
At 1GH that's about a block every 10-14days and it goes up from there.
at 2 GH that's a block every 7 days.

I would expect exponential growth in this pool once we have found a block or two.  This will help the group find block quicker and payouts will slowly get smaller. Thus, first one in gets larger payouts.

While we can't see a chart or statistic of what we are making, the percent of the round share is the indication of how much you'll get when a block is found.

So, as an example, I'm at 3% that's .15 Ether paid out to me on the solution of a block.

With nanopool that would take me about 15 days.   I've got this share in just under 24 hours of mining noobpool, that's huge.  No win until we discover a block but when we do I am way ahead of nanopool.  As time progresses my success decreases but this gives us 14 days to find a block and with more miners joining the faster we find the block.

Now, my share may go down as more miners join, but we will also solve the block sooner.
This pool is a great opportunity to be first at something before everyone else jumps on board. 
Early bird catches the worm and I think we will get this first.

every moment your GPU runs it is mining on statistics and luck to find every NONCE.  I look at the NONCE finds and compare that to finding a block.  Eventually it will happen.  Not if, but when, even on a small pool such as this.

So, for those of you who get in early and stay with this I think the rewards will be greater, even though you can't see them until a block is found. Especially for us 15-30MH GPUs. 

I'm working hard on some updates, like graphs, email notifications, and estimated earnings, as well as updating the look of the site.  The pool is only a week old, so it will take some time to get everything else implemented, but I'm working on it.  Hopefully we can get a block mined soon then we will have a payout list which will make new people more confident that they will be paid and increase our hash rate.

Right now what I like is once a block is mined we should all see a payout immediately because there are few of us here and the percentage is much higher than other huge pools.  A great statistic for each miner would be a record of hourly nonces mined which I think determines the statistical percentage of work performed.  but you do show the round share percentage which is very convenient and updates much quicker than other pools.

Its just getting used to not seeing that data until a block is found.  I track that 'A' number and my GPUs are finding more per hour than on the bigger pools.

There have been no payouts because the pool hasn't mined a block yet, once a block is mined it will distribute the eth to everyone and send out payments.  The pool is fairly new, been around about a week or so.  Once more people join and our hash rate increases, blocks will be mined faster and payouts will come faster.

Hi,

I'm currently starting mining at your pool with 180+hm. I'm just curious, why there's no payout records in your website. When did you start this pool? Thanks.

That's how it works, everyone sees a low hash rate and skips over to another pool that has a higher one, so our rate doesn't go up.  It also can change pretty fast, since you posted that message the number has jumped to 10 miners and hash rate is closer to 400. 

As far as payment goes, once a block is mined it splits the payment to everyone who contributed and then it shows up as their pending balance.  Every 10 minutes the system checks to see if anyone has reached the threshold of 0.05eth and sends payment.  So if you mine for 24 hours and a block isn't found in that time, you won't get paid right away, once a block is found you'll be credited for your work and payment sent.  So even if you're not mining after 24 hours and we mine the block a few days later, you'll be paid at that time.  The bigger pools work the same way, but they have so many people mining that they find blocks very fast and therefore you see your amount owed update more often.  Doesn't mean you're making more, just seeing it update faster.

I might join the noobpool after a while but I checked the stats on the page and I see that the hashrate is very low being honest.

Miners Online: 6
Pool Hash Rate: 156.28 MH

A rig has more Mh/s than this, anyway I wish you good luck guys, I'm not aware how a mining pool is created but the 0% fee is a good thing to get started and to attract more and more miners to join your pool.

I will mine tomorrow probably at 130 MH/s at your pool and I assume I will get the payment within 24 as It is expected to earn 0.057 within 24 hours.

Yep, with only a few people mining we should make more in the long run.  Of course luck is a factor, but if we get lucky we will get bigger payoffs than with the bigger pools, it just takes us longer.

I'm looking into adding more features like graphs, etc.  The email would be nice, maybe have it send an email notification when a block is found as well.

Oh, and you asked earlier, the server is located at a datacenter on the east coast and I live on the west coast, so it's a little more of a pain in the ass to remote connect to make updates, especially since I have the slowest internet on the planet.  But it's the fastest available in the little town I'm in.

Yea,  one feature would be a setup section for active miners where we could enter an e-mail, if we wanted to, and set notifications in case a miner goes offline and/or highlight the miner as not producing/reporting within 1/2 hour or 15 mins or some interval.

So, with fewer miners online, once we get a successful block hit this means larger payouts by percentage in the pot correct?  Based on percentage work history.  My theory being that if we hit once or twice a month the payout could be much greater, in the beginning, for those in the pool compared to other large pools, right?  A plus for the small miners.

I actually posted on that thread (Danx) and said that I was using the correct gas limits.  I'm also working on the website to add more features and an easier way to contact me.

The low combined hash rate we have means a long time between finding blocks and therefore people don't see their eth going up, which it only does after we find a block.  So new people will mine for a couple hours and still see 0 and leave for the bigger pools that find blocks every 10 minutes so they can see their amount going up faster.

It would be nice to get up to a few GH/s and see a block every few days.  I'm trying to find some GPU's to build a nice rig to increase our hash rate as well. 

Ok,

I just joined.  Speed looks good.  I think your server is somewhere central US based on ping time from east coast.  Eventually more info and graphs would be cool.  Speed update is better and I'm finding more nonce per hour than nanopool.  I want to try the small guy out.  

I'm using ethminer 0.11.rc1 which does better just for nvidia GPU mining  it boosts the speed by 1-2 mh and i'm consistently getting better throughput than I thought I should get from nanopool based on ping times.  nanopool east is faster ping than noobpool, but noo

I've got 2 ZOTAC Nvidia GTX 1060 3gb each running on old computers.  2GB - 3GB RAM, normal HD. Old CPU and minimum PCI Express 16X.  Each computer runs 120-150 Watts.  I cut power to 60% and boost memory clock as high as possible without crashing.  Memory clock is key to Ether speed. unlimited virtual memory cache, windows 10. and nothing else running.

Question, I saw a note going out that other pools were not properly setup flexible gas limits and had them fixed and was requesting this big pools change that to a variable number of some sort.  Is your pool setup that way?
https://forum.ethereum.org/discussion/13793/a-handful-of-mining-pools-are-damaging-ethereum-please-help-get-their-settings-fixed

Maybe if you had a generic contact email on the page? Don't know if a page based forum would be helpful.

I'm hoping if we can all get this hash rate higher it will mean more success for all of us and possibly higher payouts initially.

eagleye
If any of this was helpful to anyone and you want to Donate for the info
ETH:   0x4Df5AaB02e8736dE4fE566f28419689415DaBd55

Hopefully we can keep the MH/s for the pool at 200+ and should be solving a block sometime this week I hope.  But if more people join in, it will go faster.