[POOL][Scrypt][Scrypt-N][X11] Profit switching pool - wafflepool.com - page 89.

phzi

hero member

Activity: 700

Merit: 500

Quote from: JHammer on April 22, 2014, 07:15:29 PM

Quote from: poolwaffle on April 22, 2014, 05:49:07 PM

Quote from: JHammer on April 22, 2014, 05:16:38 PM

So thinking ahead 6 to 8 months, what coin can Profit switching pools use as their base coin to compare to? Like "vs LTC" today? Feathercoin maybe?

Or maybe LTC?

Maybe. I know mining and difficulty does not necessarily translate to higher prices..

Litecoin is obviously going to be the dominant scrypt network, just as bitcoin is the dominant sha network. Litecoin simply maintains too much of the hash power and marketcap already, that there's little chance of it being unseated. And when massive hashing power from ASICs come around, small coins with pitiful network hashrates will get attacked left/right/center similar to SHA altcoin destruction. I think we will be comparing profit vs litecoin for a long time to come.

Quote from: suchmoon on April 22, 2014, 09:19:01 PM

I noticed something amusing today. Can you spot a difference between these two fragments of cgminer logs:

The first one is from CleverMining, the second one from WafflePool (or maybe it's the other way around). Great minds think alike?

Looks like profitability algorithms coming to the same conclusion.

Curious that one of the block change notifications was several seconds faster on one pool - they must have been the ones to find the previous block, I suppose.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

I noticed something amusing today. Can you spot a difference between these two fragments of cgminer logs:

Code:

 [2014-04-23 04:08:23] Network diff set to 766
 [2014-04-23 04:08:23] Stratum from pool 0 detected new block
 [2014-04-23 04:09:00] Network diff set to 901
 [2014-04-23 04:09:00] Stratum from pool 0 detected new block
 [2014-04-23 04:09:14] Network diff set to 1.01K
 [2014-04-23 04:09:14] Stratum from pool 0 detected new block
 [2014-04-23 04:09:15] Network diff set to 314
 [2014-04-23 04:09:15] Stratum from pool 0 detected new block
 [2014-04-23 04:09:40] Network diff set to 288
 [2014-04-23 04:09:40] Stratum from pool 0 detected new block
 [2014-04-23 04:09:49] Network diff set to 299
 [2014-04-23 04:09:49] Stratum from pool 0 detected new block
 [2014-04-23 04:10:40] Network diff set to 317
 [2014-04-23 04:10:40] Stratum from pool 0 detected new block
 [2014-04-23 04:11:26] Network diff set to 319
 [2014-04-23 04:11:26] Stratum from pool 0 detected new block
 [2014-04-23 04:11:29] Network diff set to 325
 [2014-04-23 04:11:29] Stratum from pool 0 detected new block

Code:

 [2014-04-23 04:08:23] Network diff set to 766
 [2014-04-23 04:08:23] Stratum from pool 0 detected new block
 [2014-04-23 04:09:00] Network diff set to 901
 [2014-04-23 04:09:00] Stratum from pool 0 detected new block
 [2014-04-23 04:09:14] Network diff set to 1.01K
 [2014-04-23 04:09:14] Stratum from pool 0 detected new block
 [2014-04-23 04:09:18] Network diff set to 314
 [2014-04-23 04:09:18] Stratum from pool 0 detected new block
 [2014-04-23 04:09:39] Network diff set to 288
 [2014-04-23 04:09:39] Stratum from pool 0 detected new block
 [2014-04-23 04:09:48] Network diff set to 299
 [2014-04-23 04:09:48] Stratum from pool 0 detected new block
 [2014-04-23 04:10:40] Network diff set to 317
 [2014-04-23 04:10:40] Stratum from pool 0 detected new block
 [2014-04-23 04:11:25] Network diff set to 319
 [2014-04-23 04:11:25] Stratum from pool 0 detected new block
 [2014-04-23 04:11:29] Network diff set to 325
 [2014-04-23 04:11:29] Stratum from pool 0 detected new block

The first one is from CleverMining, the second one from WafflePool (or maybe it's the other way around). Great minds think alike?

JHammer

member

Activity: 112

Merit: 10

Nice to see Pot Coin is in the mix now.. Happy 420 Grin

JHammer

member

Activity: 112

Merit: 10

Quote from: poolwaffle on April 22, 2014, 05:49:07 PM

Quote from: JHammer on April 22, 2014, 05:16:38 PM

So thinking ahead 6 to 8 months, what coin can Profit switching pools use as their base coin to compare to? Like "vs LTC" today? Feathercoin maybe?

Or maybe LTC?

Maybe. I know mining and difficulty does not necessarily translate to higher prices..

poolwaffle

sr. member

Activity: 322

Merit: 254

Quote from: JHammer on April 22, 2014, 05:16:38 PM

So thinking ahead 6 to 8 months, what coin can Profit switching pools use as their base coin to compare to? Like "vs LTC" today? Feathercoin maybe?

Or maybe LTC?

JHammer

member

Activity: 112

Merit: 10

So thinking ahead 6 to 8 months, what coin can Profit switching pools use as their base coin to compare to? Like "vs LTC" today? Feathercoin maybe?

edonkey

legendary

Activity: 1150

Merit: 1004

Quote from: suchmoon on April 22, 2014, 10:56:58 AM

Quote from: edonkey on April 22, 2014, 10:17:32 AM

Quote from: poolwaffle on April 21, 2014, 05:03:11 PM

Yep, this is the major downside of no user accounts. For this to work it will require signed messages. We'll try to make it as easy as possible, but would be signing something like "doge=xxxxxxx, ltc=yyyyyyy" from your BTC account, so we can verify it was you. I expect a huge number of "HOW DOES I SINE?" emails, and a lot of "My address is at my exchange, so I can't sign" problems, so we'll see how that goes...

Maybe the answer is to add optional user accounts? If you want to use the pool as it is today with default payout options, you would not need an account. But if you want non-default payouts, you'd need to get an account and set up your profile and payout options.

I know that adding accounts has its own set of complications, like database schema changes, email verification, SSL certificates (and avoiding Heartbleed), two factor options, etc. But it's probably simpler to support because users are familiar with accounts and managing profiles and options. Also, you can build new features on an account system later, like hash rate drop alerts, etc.

I think it's more complicated than that. Current users wishing to convert to a user account would still have to go through message signing, otherwise they wouldn't be able to claim their existing BTC address. It also opens some attack vectors that don't exist with an anonymous service. 2FA would help somewhat but is it all really worth the trouble and risk.

That's a good point. You need proof of ownership of a BTC address in order to claim it.

But that could be a onetime event. After that managing your addresses and payout options under an account profile GUI would be much easier and supportable than sending a signed message for every option change.

5ick3uffalo

legendary

Activity: 994

Merit: 1000

Quote from: ibfr33k on April 22, 2014, 10:42:03 AM

Has anyone ever used nicehash's service and mined here? I tried it for a small amount and it would never connect. Works fine on CM.

Nope, only know HashCows. I think Waffle and HashCows nearly same profitable regarding to http://poolpicker.eu/

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: edonkey on April 22, 2014, 10:17:32 AM

Quote from: poolwaffle on April 21, 2014, 05:03:11 PM

Yep, this is the major downside of no user accounts. For this to work it will require signed messages. We'll try to make it as easy as possible, but would be signing something like "doge=xxxxxxx, ltc=yyyyyyy" from your BTC account, so we can verify it was you. I expect a huge number of "HOW DOES I SINE?" emails, and a lot of "My address is at my exchange, so I can't sign" problems, so we'll see how that goes...

Maybe the answer is to add optional user accounts? If you want to use the pool as it is today with default payout options, you would not need an account. But if you want non-default payouts, you'd need to get an account and set up your profile and payout options.

I know that adding accounts has its own set of complications, like database schema changes, email verification, SSL certificates (and avoiding Heartbleed), two factor options, etc. But it's probably simpler to support because users are familiar with accounts and managing profiles and options. Also, you can build new features on an account system later, like hash rate drop alerts, etc.

I think it's more complicated than that. Current users wishing to convert to a user account would still have to go through message signing, otherwise they wouldn't be able to claim their existing BTC address. It also opens some attack vectors that don't exist with an anonymous service. 2FA would help somewhat but is it all really worth the trouble and risk.

ibfr33k

member

Activity: 75

Merit: 10

Has anyone ever used nicehash's service and mined here? I tried it for a small amount and it would never connect. Works fine on CM.

edonkey

legendary

Activity: 1150

Merit: 1004

Quote from: poolwaffle on April 21, 2014, 05:03:11 PM

Yep, this is the major downside of no user accounts. For this to work it will require signed messages. We'll try to make it as easy as possible, but would be signing something like "doge=xxxxxxx, ltc=yyyyyyy" from your BTC account, so we can verify it was you. I expect a huge number of "HOW DOES I SINE?" emails, and a lot of "My address is at my exchange, so I can't sign" problems, so we'll see how that goes...

Maybe the answer is to add optional user accounts? If you want to use the pool as it is today with default payout options, you would not need an account. But if you want non-default payouts, you'd need to get an account and set up your profile and payout options.

I know that adding accounts has its own set of complications, like database schema changes, email verification, SSL certificates (and avoiding Heartbleed), two factor options, etc. But it's probably simpler to support because users are familiar with accounts and managing profiles and options. Also, you can build new features on an account system later, like hash rate drop alerts, etc.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: TorturdChaos on April 22, 2014, 08:53:48 AM

@WP - thanks for all your hard work and running such a great mining pool.

I was wondering tho, if VarDiff had been considered or discussed in the past. The 512 difficulty seems a bit steep. Looking at the earning log, the coin has been switched approximately 50 times in the last 5hrs, only giving an average of 6 minutes per coin. My poor slow mining rigs cannot finish their work before the coin switch, especially on really fast coins that only take 30 secs or so. Even my faster mining rig (800kh/s) shows a lot of stales. When mining on a VarDiff pool my fast rig normally gets set about 256, while my 2 slow(100khs/ and 200khs/s) rigs are more around 64 or 96.
Or is VarDiff just to much load on the servers? Would it be better to offer a lower difficultly option or two? (128,256,512 ?)

Thanks!

The theory says that high difficulty doesn't matter. The practice will catch up with theory over a long enough period of time. It might not look pretty on short term charts, that's all.

TorturdChaos

newbie

Activity: 5

Merit: 0

@WP - thanks for all your hard work and running such a great mining pool.

I was wondering tho, if VarDiff had been considered or discussed in the past. The 512 difficulty seems a bit steep. Looking at the earning log, the coin has been switched approximately 50 times in the last 5hrs, only giving an average of 6 minutes per coin. My poor slow mining rigs cannot finish their work before the coin switch, especially on really fast coins that only take 30 secs or so. Even my faster mining rig (800kh/s) shows a lot of stales. When mining on a VarDiff pool my fast rig normally gets set about 256, while my 2 slow(100khs/ and 200khs/s) rigs are more around 64 or 96.
Or is VarDiff just to much load on the servers? Would it be better to offer a lower difficultly option or two? (128,256,512 ?)

Thanks!

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: grendel25 on April 21, 2014, 10:52:18 PM

Some won't like this but since it's so rarely iterated:

I like the idea of huge buying pressure on BTC to drive the price up which is basically what multi-scrypt profit pools do. ...

I disagree, Prove this statement.

zneww

sr. member

Activity: 434

Merit: 250

Quote from: oktay50000 on April 22, 2014, 01:26:50 AM

why profit droping on waffle???

God said so.

bydand

newbie

Activity: 5

Merit: 0

i have a 3 card rig. It is configured to run at 700 per card, and cgminer says it is doing that. my hashrate on the waffle page has me at 1800 total, rather than the appx 2100 total cgminer says i'm doing.

is there something i need to adjust to fix the discrepancy?

tia

oktay50000

sr. member

Activity: 560

Merit: 250

why profit droping on waffle???

grendel25

legendary

Activity: 2296

Merit: 1031

Some won't like this but since it's so rarely iterated:

I like the idea of huge buying pressure on BTC to drive the price up which is basically what multi-scrypt profit pools do. The only other coin I really care to see do well, at this point in time is LTC because I consider it the grand daddy of Scrypt as BTC is the grand daddy of sha-256. But then again, I admittedly know very little of what makes other coins better or worse other than a few charitable acts of DOGE fans which actually makes DOGE my third most supported coin.

So yeah, when I learn more about what's so better about these other coins then maybe I'll join in support and actually collect more of them but for now it's all about recouping my initial investment and trying to pull some profit in the first year after establishing a 6.3 Mh/s scrypt rig. Yes.. maybe after that I'll hit the books on the intricacies of how the algorithms work or how I may even engineer my own scrypt coin... But I think I've been saying the same sh!t about C++, Java, Romanian, Spanish, Korean, French, Russian, Calculus, Linear Quadratic equations (such a thing?), etc that I've been wanting to learn over the years.

Maybe I'll just live long enough...

dogechode

full member

Activity: 182

Merit: 100

Poolwaffle - do you mine flappycoin? If so please PM me ASAP as there is a wallet update coming in a few days which will include a hard fork. I am helping to organize and coordinate with pools and exchanges. If you have an email address I can send updates to please PM me with it or let me know how to get in touch with you about the new wallet and other details.

If you don't ever mine flappycoin then naturally don't worry about it.

5ick3uffalo

legendary

Activity: 994

Merit: 1000

Just to get sure (im new) Are these numbers OK ? ( i understand in a coin switching pool its normal this rejection rate)

Have Harware Erros something to do with the pool itself also?

Mining Session Overview (13 hrs 06 mins 28 seconds )
0.357 Mh/s current hashrate 0.362 Mh/s avg hashrate 1307 / 56 Acc./Rej.
4.28 % rejection rate
17 Hardware errors Restart Reboot

PS: Is a gridseed with rasberry PI , newest hashra image, running 850MHZ

Topic: [POOL][Scrypt][Scrypt-N][X11] Profit switching pool - wafflepool.com - page 89. (Read 465716 times)