[∞ YH] solo.ckpool.org 1% fee solo mining USA/DE 251 blocks solved! - page 452.

ads2003uk

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Activity: 176

Merit: 110

Quote from: Chris_Sabian on December 29, 2014, 12:54:48 PM

Quote from: os2sam on December 29, 2014, 12:18:35 PM

Quote from: cisahasa on December 29, 2014, 12:10:13 PM

Quote from: ads2003uk on December 29, 2014, 11:30:11 AM

So tempted to spend 2btc on 5-6hrs mining @ 700Th

would use same money to longer mining time slower hash

I would hold onto the 2 BTC.

The approximate odds of finding a block in 5 hours would calculate to:

~320,000 Th/s bitcoin network
700 Th/s your hashrate
30 blocks (1 block per 10 min, 30 blocks in 5 hrs)

320,000 / 700: 1 in ~457 per block

457 / 30: 1 in ~15 for 5 hours timeframe.

Do you feel lucky? Can you afford to lose those coins?

I know it's a risk, 1 in 15 is good odds.
I've spent more on horses and casino. It would be a kind of 1 off thing

Chris_Sabian

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Activity: 896

Merit: 1001

Quote from: os2sam on December 29, 2014, 12:18:35 PM

Quote from: cisahasa on December 29, 2014, 12:10:13 PM

Quote from: ads2003uk on December 29, 2014, 11:30:11 AM

So tempted to spend 2btc on 5-6hrs mining @ 700Th

would use same money to longer mining time slower hash

I would hold onto the 2 BTC.

The approximate odds of finding a block in 5 hours would calculate to:

~320,000 Th/s bitcoin network
700 Th/s your hashrate
30 blocks (1 block per 10 min, 30 blocks in 5 hrs)

320,000 / 700: 1 in ~457 per block

457 / 30: 1 in ~15 for 5 hours timeframe.

Do you feel lucky? Can you afford to lose those coins?

os2sam

legendary

Activity: 3583

Merit: 1094

Think for yourself

Quote from: cisahasa on December 29, 2014, 12:10:13 PM

Quote from: ads2003uk on December 29, 2014, 11:30:11 AM

So tempted to spend 2btc on 5-6hrs mining @ 700Th

would use same money to longer mining time slower hash

I would hold onto the 2 BTC.

cisahasa

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Activity: 910

Merit: 1000

Quote from: ads2003uk on December 29, 2014, 11:30:11 AM

So tempted to spend 2btc on 5-6hrs mining @ 700Th

would use same money to longer mining time slower hash

ads2003uk

full member

Activity: 176

Merit: 110

So tempted to spend 2btc on 5-6hrs mining @ 700Th

os2sam

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Activity: 3583

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Think for yourself

Quote from: fresca on December 28, 2014, 10:42:36 PM

Quote from: os2sam on December 28, 2014, 08:47:05 PM

Quote from: fresca on December 28, 2014, 06:19:28 PM

Quote from: os2sam on December 28, 2014, 04:12:12 PM

Quote from: fresca on December 28, 2014, 04:06:58 PM

but I don't exactly see it that way because each mining node is competing against all the others.

There is no competition. Every hash found has an equal chance of matching or exceeding current difficulty, which is around 39.5 Billion.

If there's no competition, then why am I not solving ALL of the blocks?

Because you don't have 286541.40 Ths of hashing power.

Call it what you want, but that is competition. That's the exact reason there are pools and hardware races for new technology. If your not solving a block, someone else is.

If you want to think of mining as a competition then fine have it your way. But your descriptions that I've seen so far are not correct. Also you are not being harmed or losing anything by the initial 1024 difficulty before it adjusts down.

I wish you luck in your competition.
Take Care,
Sam

gallery2000

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Live Stars - Adult Streaming Platform

Quote from: Krak on December 28, 2014, 08:30:21 PM

Quote from: gallery2000 on December 28, 2014, 06:36:49 PM

I think ck is a female. Ck stands for Cynthia King (no relation to Martin Luther King)

1. No.
2. How is that relevant?

Sorry, I got brain fucked because I used his BFS. On 31 August 2009, Kolivas posted a new scheduler called BFS (Brain Fuck Scheduler).[12]

philipma1957

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'The right to privacy matters'

Quote from: Krak on December 28, 2014, 08:30:21 PM

Quote from: gallery2000 on December 28, 2014, 06:36:49 PM

I think ck is a female. Ck stands for Cynthia King (no relation to Martin Luther King)

1. No.
2. How is that relevant?

he quoted my post in which I refer to his server runs this pool.

Frankly I don't know if he is just kidding.

fresca

member

Activity: 69

Merit: 10

Quote from: os2sam on December 28, 2014, 08:47:05 PM

Quote from: fresca on December 28, 2014, 06:19:28 PM

Quote from: os2sam on December 28, 2014, 04:12:12 PM

Quote from: fresca on December 28, 2014, 04:06:58 PM

but I don't exactly see it that way because each mining node is competing against all the others.

There is no competition. Every hash found has an equal chance of matching or exceeding current difficulty, which is around 39.5 Billion.

If there's no competition, then why am I not solving ALL of the blocks?

Because you don't have 286541.40 Ths of hashing power.

Call it what you want, but that is competition. That's the exact reason there are pools and hardware races for new technology. If your not solving a block, someone else is.

Kexkey

full member

Activity: 237

Merit: 100

Smile while thinking.

Quote from: fresca on December 28, 2014, 06:19:28 PM

Quote from: os2sam on December 28, 2014, 04:12:12 PM

Quote from: fresca on December 28, 2014, 04:06:58 PM

but I don't exactly see it that way because each mining node is competing against all the others.

There is no competition. Every hash found has an equal chance of matching or exceeding current difficulty, which is around 39.5 Billion.

If there's no competition, then why am I not solving ALL of the blocks?

Besides this, more importantly, each hash (ie difficulty of 1) has the same probability of solving the block as 1/1024 of a miner hashing at difficulty of 1024 (accepted share with difficulty 1024)?

And when my miner has difficulty set, there are no accepted shares below that difficulty. So I'm assuming that 934/1024 doesn't show up, because it's not accepted. My understanding is that 1024 is a larger fraction of 39.5B to be solved.

Competition is not against the other miners, but against... Well... Probability. There's no competition actually, only probability. A hash of difficulty 1 has no chance of solving a block of difficulty 39B. A hash of diff 39B or more can "solve" it. Your miner submits hashes to a pool just to prove to the pool that your miner is working. Otherwise, you shouldn't have to submit shares below the current network difficulty. When you solo mine (not in a pool), you don't need to submit hashes below the difficulty. Pool diff and network diff are two different things about the same concept of the "target".

It actually took me some time to understand this! :-)

os2sam

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Activity: 3583

Merit: 1094

Think for yourself

Quote from: fresca on December 28, 2014, 06:19:28 PM

Quote from: os2sam on December 28, 2014, 04:12:12 PM

Quote from: fresca on December 28, 2014, 04:06:58 PM

but I don't exactly see it that way because each mining node is competing against all the others.

There is no competition. Every hash found has an equal chance of matching or exceeding current difficulty, which is around 39.5 Billion.

If there's no competition, then why am I not solving ALL of the blocks?

Because you don't have 286541.40 Ths of hashing power.

kano

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Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: fresca on December 28, 2014, 06:19:28 PM

Quote from: os2sam on December 28, 2014, 04:12:12 PM

Quote from: fresca on December 28, 2014, 04:06:58 PM

but I don't exactly see it that way because each mining node is competing against all the others.

There is no competition. Every hash found has an equal chance of matching or exceeding current difficulty, which is around 39.5 Billion.

If there's no competition, then why am I not solving ALL of the blocks?

Besides this, more importantly, each hash (ie difficulty of 1) has the same probability of solving the block as 1/1024 of a miner hashing at difficulty of 1024 (accepted share with difficulty 1024)?

And when my miner has difficulty set, there are no accepted shares below that difficulty. So I'm assuming that 934/1024 doesn't show up, because it's not accepted. My understanding is that 1024 is a larger fraction of 39.5B to be solved.

None of your shares count for anything unless they are a block.
Flooding the server with hundreds of shares per second that count for nothing would be a bad design.
Using a difficulty is - as already stated - simply to show your hash rate in cgminer.

A person with 1PHs (1,000 THs) would expect to find on average "about" one block every 2 days.
It may be 1 minute, it may be 20 days. 2 days is just an average expected value for 1,000THs

Also note that 1PHs would be ~14 million 1diff shares a minute.
Yeah that would be a really bad idea to send that to any computer ... instead you'd send ~20 ~700,000 diff shares a minute.
Same result, either one finding a block would still submit the block, but if it was 14,000,000/minute there's also the fact that the pool would die for various reasons (network, CPU) and you'd probably lose the block if you ever found one.

os2sam

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Activity: 3583

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Think for yourself

Quote from: fresca on December 28, 2014, 06:19:28 PM

Besides this, more importantly, each hash (ie difficulty of 1) has the same probability of solving the block as 1/1024 of a miner hashing at difficulty of 1024 (accepted share with difficulty 1024)?

Only a difficulty share 39.5 Billion or higher will solve the block at this difficulty level. A diff 1 has no chance of solving a block as it doesn't meet or exceed the current difficulty, neither will a diff 1024.

Krak

hero member

Activity: 591

Merit: 500

Quote from: gallery2000 on December 28, 2014, 06:36:49 PM

I think ck is a female. Ck stands for Cynthia King (no relation to Martin Luther King)

1. No.
2. How is that relevant?

bonds

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Activity: 65

Merit: 10

Quote from: gallery2000 on December 28, 2014, 06:36:49 PM

Quote from: philipma1957 on December 28, 2014, 12:58:07 PM

this is a pool only in the sense that we use ck to run a solo server for us.

So all of us combined allow a block to hit often enough to pay ck for the use of his server.

If you mine solo truly solo you need to run a pc /server blockchain and a miner. so the server need to be pretty fast and costs more power.

We all agree the ck's solo server is worth a fee from the blocks hit. that is the pool so to speak.

@ck I am going to run a sp20E at the pool for a while.

It is clocked to do about 1th do I need to do anything special in order to get the correct hashrate?

I think ck is a female. Ck stands for Cynthia King (no relation to Martin Luther King)

http://en.wikipedia.org/wiki/Con_Kolivas

gallery2000

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Activity: 784

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Live Stars - Adult Streaming Platform

Quote from: philipma1957 on December 28, 2014, 12:58:07 PM

this is a pool only in the sense that we use ck to run a solo server for us.

So all of us combined allow a block to hit often enough to pay ck for the use of his server.

If you mine solo truly solo you need to run a pc /server blockchain and a miner. so the server need to be pretty fast and costs more power.

We all agree the ck's solo server is worth a fee from the blocks hit. that is the pool so to speak.

@ck I am going to run a sp20E at the pool for a while.

It is clocked to do about 1th do I need to do anything special in order to get the correct hashrate?

I think ck is a female. Ck stands for Cynthia King (no relation to Martin Luther King)

thestakes

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Activity: 11

Merit: 0

Quote from: Gws24 on December 28, 2014, 11:36:39 AM

Hope I explained it ..

Yes, thanks.

fresca

member

Activity: 69

Merit: 10

Quote from: os2sam on December 28, 2014, 04:12:12 PM

Quote from: fresca on December 28, 2014, 04:06:58 PM

but I don't exactly see it that way because each mining node is competing against all the others.

There is no competition. Every hash found has an equal chance of matching or exceeding current difficulty, which is around 39.5 Billion.

If there's no competition, then why am I not solving ALL of the blocks?

Besides this, more importantly, each hash (ie difficulty of 1) has the same probability of solving the block as 1/1024 of a miner hashing at difficulty of 1024 (accepted share with difficulty 1024)?

And when my miner has difficulty set, there are no accepted shares below that difficulty. So I'm assuming that 934/1024 doesn't show up, because it's not accepted. My understanding is that 1024 is a larger fraction of 39.5B to be solved.

Gws24

hero member

Activity: 537

Merit: 524

os2sam is right, the 1024 difficulty of accepting shares is just a way of 'accounting' if you will. It's just a way to measure your hashing speed at the pool side as well as limiting the amount of shares needed to be processed by the pool (instead of processing 1024 diff 1 shares the pool only has to process 1 share).

edit: need to type faster Wink

; basically what os2sam says above my post

os2sam

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Activity: 3583

Merit: 1094

Think for yourself

Quote from: fresca on December 28, 2014, 04:06:58 PM

I noticed the pool starts off with difficulty of 1024 and then after a while mine drops down to one and then climbs up before stopping at 4.

The reason for the 1024 diff at start is so that a really high rate ASIC doesn't overload the pool before the auto-diff adjusts. And the reason for having the lower diff at all is so that you can verify with the pool stats what your approximate hash rate is to see if it match's, roughly, what your mining software is reporting. It has no effect on the chances of your finding a block.

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