[∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved! - page 420.

aurel57

legendary

Activity: 1302

Merit: 1001

Just pointed my "lucky" S3 miner back here.... Roll Eyes

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

You may notice a few blips lately and the pool uptime is never very long. I'm trying to track down a subtle bug yet again in the updated pool code and have created the conditions to try and reproduce it to get good debugging information. The pool is set to restart instantly so the downtime is only ever milliseconds but very occasionally some of you may fail over during the restart. Apologies if this causes you any inconvenience.

hedgy73

legendary

Activity: 1414

Merit: 1077

Quote from: bitwitt on March 18, 2015, 07:43:04 PM

Quote from: hedgy73 on March 18, 2015, 05:26:56 PM

About time another block was found

500 th/s incoming I hope it's me.

Good luck buddy

bitwitt

full member

Activity: 157

Merit: 100

Quote from: hedgy73 on March 18, 2015, 05:26:56 PM

About time another block was found

500 th/s incoming I hope it's me.

hedgy73

legendary

Activity: 1414

Merit: 1077

About time another block was found

longasleep

member

Activity: 82

Merit: 10

pointing 120 th/sec to you

for 24 hours maybe il get lucky
rentals are indeed : ) gambling but fun tho when it pays off

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Of course it's gambling. House edge is great for people who actually pay attention to it, but if everyone did you'd never see a single player sitting at a slot machine, betting on roulette or any number of other poor choices. Everyone would be finding those 9/6 JoB poker machines. While they certainly get their share of traffic I challenge you to find a casino where there are no players sitting at that penny slot hoping to land that 3.2M progressive.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

This is not different to gambling, not at all, except the house edge is much larger. Whether short or long term, it's a losing proposition. You can't 'bank' on variance, or gamblers would all be rich.

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Renting that kind of hash and pointing it to a solo pool you're banking on luck. Burn 7BTC and hope you hit 25. You're definitely not renting that kind of hash for the long game... Because you're pretty much guaranteed to lose.

hedgy73

legendary

Activity: 1414

Merit: 1077

Quote from: organofcorti on March 16, 2015, 08:13:49 PM

Quote from: hedgy73 on March 16, 2015, 07:22:24 PM

Problem is with renting hash is that on miningrigrentals the biggest rig is 560TH @ 0.00001269btc / GH which costs 7.1btc for 24 hours.

On coinwarz it calculates that with 560TH it will take 4.21 days to find a block on average - http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=560000&p=1180.00&pc=0.10&pf=0.00&d=47427554950.64830000&r=25.00000000&er=309.86000000&hc=0.00.

So to find a block in 1 day using average luck @ 0.00001269btc / GH you will need 2.35PH - http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2350000.00&p=1180.00&pc=0.10&pf=0.00&d=47427554950.64830000&r=25.00000000&er=309.86000000&hc=0.00 which will cost 29.82btc.

Baring in mind this is with average luck, you could have good or bad just stating the figures which I think are right, please ignore the small details like watts and cost I was simply after a time scale.

Like you, I'm not sure that's a good deal. Your expected daily income at 560 Thps would be:
560e12/2^32/47427554950.64830000 * 86400 * 25 = 5.93815 btc

So you're paying 20% over expected, or can expect to earn 20% under. Most (bitcoin) gambling games have a house edge of only 1%.

Exactly! Paying for hash at top dollar for big rigs through mining rig sites is feasibly and expectably unprofitable but you have to factor luck into the equation.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: hedgy73 on March 16, 2015, 07:22:24 PM

Problem is with renting hash is that on miningrigrentals the biggest rig is 560TH @ 0.00001269btc / GH which costs 7.1btc for 24 hours.

On coinwarz it calculates that with 560TH it will take 4.21 days to find a block on average - http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=560000&p=1180.00&pc=0.10&pf=0.00&d=47427554950.64830000&r=25.00000000&er=309.86000000&hc=0.00.

So to find a block in 1 day using average luck @ 0.00001269btc / GH you will need 2.35PH - http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2350000.00&p=1180.00&pc=0.10&pf=0.00&d=47427554950.64830000&r=25.00000000&er=309.86000000&hc=0.00 which will cost 29.82btc.

Baring in mind this is with average luck, you could have good or bad just stating the figures which I think are right, please ignore the small details like watts and cost I was simply after a time scale.

Like you, I'm not sure that's a good deal. Your expected daily income at 560 Thps would be:
560e12/2^32/47427554950.64830000 * 86400 * 25 = 5.93815 btc

So you're paying 20% over expected, or can expect to earn 20% under. Most (bitcoin) gambling games have a house edge of only 1%.

hedgy73

legendary

Activity: 1414

Merit: 1077

Problem is with renting hash is that on miningrigrentals the biggest rig is 560TH @ 0.00001269btc / GH which costs 7.1btc for 24 hours.

On coinwarz it calculates that with 560TH it will take 4.21 days to find a block on average - http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=560000&p=1180.00&pc=0.10&pf=0.00&d=47427554950.64830000&r=25.00000000&er=309.86000000&hc=0.00.

So to find a block in 1 day using average luck @ 0.00001269btc / GH you will need 2.35PH - http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2350000.00&p=1180.00&pc=0.10&pf=0.00&d=47427554950.64830000&r=25.00000000&er=309.86000000&hc=0.00 which will cost 29.82btc.

Baring in mind this is with average luck, you could have good or bad just stating the figures which I think are right, please ignore the small details like watts and cost I was simply after a time scale.

hedgy73

legendary

Activity: 1414

Merit: 1077

Quote from: Prelude on March 16, 2015, 06:45:37 PM

I've had some real shit luck these past few weeks of life, I'm thinking I should rent some hash and point it here for a while, luck's got to turn around at some point! Undecided

Go for it buddy and good luck

, been thinking the same myself sounds like I'm in the same situation.

hedgy73

legendary

Activity: 1414

Merit: 1077

Quote from: -ck on March 16, 2015, 06:41:56 PM

Quote from: hedgy73 on March 16, 2015, 06:36:41 PM

Quote from: -ck on March 16, 2015, 06:30:54 PM

Quote from: hedgy73 on March 16, 2015, 06:29:03 PM

Just noticed and curious what is IPV6 mining as mentioned in your OP?

http://en.wikipedia.org/wiki/IPv6

Thanks, has it made any difference?

It makes no difference. It only provides another way to connect to the pool if you have an IPV6 capable system and are connected via IPV6 in some way to the internet instead of the regular IP address which is IPV4.

Ok thank you I understand now

.

Prelude

legendary

Activity: 1596

Merit: 1000

I've had some real shit luck these past few weeks of life, I'm thinking I should rent some hash and point it here for a while, luck's got to turn around at some point! Undecided

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: hedgy73 on March 16, 2015, 06:36:41 PM

Quote from: -ck on March 16, 2015, 06:30:54 PM

Quote from: hedgy73 on March 16, 2015, 06:29:03 PM

Just noticed and curious what is IPV6 mining as mentioned in your OP?

http://en.wikipedia.org/wiki/IPv6

Thanks, has it made any difference?

It makes no difference. It only provides another way to connect to the pool if you have an IPV6 capable system and are connected via IPV6 in some way to the internet instead of the regular IP address which is IPV4.

hedgy73

legendary

Activity: 1414

Merit: 1077