Topic: Ocean.xyz shares going backwards! (Read 176 times)

To be honest I am actually mining at a loss but I don`t mind as I need the heating anyway, so it`s really just a way to support Bitcoin and get an a discount on my electricity bill.
Oh, and for the record, I`m definitely a She and not a He (last time I looked)

Nicehash allows blind mining.

You can simply make a new addy from you wallet say bc1newbtcaddy...... 100th earns about 0.00007800 btc a day. You get paid every 2 weeks as you must be at 0.001 to get paid  in one year you have 0.026 btc

You could do this until the next 1/2 ing end up with 0.07 btc in 2028. To an address that no one know you own it,

While TIDEs and PPLNS payout are somehow just the same, I do agree that looking at your share dropping in a graph or a table is probably not something anyone would want to see, , realistically, on a large pool this wouldn't even matter, because these things would reset every time the pool hit a block and you won't even notice it, but with a small pool, you may go on for weeks, you hit a peak of 20G thinking that if the pool hits a block now you would get x BTC, but then the pool doesn't hit shit, and some random miner with 100x your hashrate points their gears to the same pool and you see your 20G drop to 2G, obviously, the pool chances have increased thanks to the new guy, but ya I understand how it would be physically damaging to see your "loyalty" for the pool doesn't matter lol.

But honestly, that's just how mining works, I think a huge part of the fact why the vast majority of miners (probably 80% or more) use PPS, they don't want to be bothered with all that variance and luck, just pay me per share as if the pool was hitting 100% of the network blocks, charge me some 4% for it, and handle the variance yourself.


If he is making more BTC than he pays for bills, it would be better for him to collect sats and save them for the future, at least he is guaranteed to have some BTC for when BTC hits a million dollars or so, if he makes $100 worth of BTC a month now, when BTC hits 1 million that would be $1,500 a month, so if he does this for 10 months, make 1000 in BTC while BTC below 70k, in 10 years that would be $15,000, you might say well, it's not guaranteed that BTC would hit 1 million in 10 years, that's a valid point, but that has a few orders of magnitude more odds of happening than hitting a solo block with 100TH.

If I had 100TH/s I'd be pushing it to a good solo pool.

I'm not sure PPLNS is worth it anymore with the network hashrates heading to an all time high and difficulty about to break the ceiling too.

Unless your Watts are free, the watts are probably best spent on a solo lottery, I cant imagine PPLNS pays out enough now days anyway.

Thanks, it went down to about 16.85G and I was pushing over 100Th/s then it started moving forwards again slowly about 24 hours later, so I`m doing about 4Th/S now and just about staying still, I pulled the rest of the power because it just isn`t worth it at the moment.
I did wonder if it was something I was doing wrong but I looked at other accounts, and those above the min payout threshold were also going down.
It`s very unsettling to watch if you`ve never seen it before.

That's how Ocean's weird payout scheme works, it's called TIDES, you can read my post about it if you want, but a long story short, your shares are being replaced by other miner's shares who are submitting more shares than you do, your do replaces theirs too, but it's a matter of who submits more shares, you could go down to 1G at the time they find a block if other miners are pushing more gears.

Obviously, it's somewhat similar to how PPLNS works, it's just the Ocean folks trying to be "cool".

I`v been mining for these guys for a few months now and this morning I noticed my shares were going down as if I was mining backwards and there hadn`t been any blocks found? I was over 17G shares and now I`m down to 16.92G!

anyone know if it`s a bug or something?

I`v heard of Ant Mining but never Anti mining! LOL