[Anorak.Tech] ETH Mining Pool - Month 3.0!


#141

Will it go to Nicehash though?

Or will it be paid to whoever rented the hashing power?

(Hint: The latter–Nicehash gets a small percentage of whatever the miner paid for the mining power, but they get the same amount whether the miner gets any reward or not.)

I’ll go out on a limb here and say I’d rather get 0.17% of one block than even 99% of zero blocks.


#142

Well guess what, I paid 3 ETH for 8 hours of 60ghs of hashrate to pull down this stuck ETH block. :joy:

It’s about to run out soon, so I hope we pull that block.


#143

Jup. That’s my plan. :+1:


#144

Oh snap! How much time is left on it?


#145

Not quite sure, but like maybe like 30 minutes or so.


#146

In NiceHash, block reward goes to the person that rented the hash power, not NiceHash. They got their “reward” from the rental.


#147

Thanks to this crummy Block the income here doesn’t even pay the power for the rigs. @Anorak, I know your heart is in the right place but, the “force” appears to be against us at the moment.


#148

Ok so someone took the risk but if you take the full picture:
Someone took the risk to pay for hashrate to Nicehash to find that bloody block (I feel sorry for Anorak if that runs out without success) but finally if you see only the numbers:
Anorak paid 3ETH and will get 1,5 - 2 ETH in return. but if we are lucky we will find 3-4 block till that expires
If it goes wrong Anorak will loose 1 ETH on this and all the other long term miner with the decreased round share will have lower payment.

to gallifreyan
we always talk about long term because mining is related to luck and is about long term pay back, actually what I see now that one big investment in Nicehash ruined the long term theory…

I am not compaining but would like to have your opinion about situation as I also considered to buy some hashpower yesterday but didnt take the risk


#149

In case anyone is wondering, the “share count” displays for ETH pool will be back in an hour or so.

If your lines are green and the “last share” timer is updating, you should be okay. This does not impact mining, or eventual crediting for work submitted, and it does not affect PIRL, UBIQ, or ETC.


#150

So here’s my opinion based on my experience. I’m not speaking for the pool here of course.

  1. if we find the next block in the “current” 76800 PPLNS queue length, Anorak will get a proportionate share of the reward based on his investment. Considering he’s run the pool for 13 days with absolutely zero revenue from pool fees, that’s reasonable.
  2. Given that the pool PPLNS queue length is only 76800 for “stress-test” week, miners who continue to mine will see their round shares return to normal fairly soon. And when 76800 queue entries have passed after the 60GH rental finished, Anorak will see no benefit at all from his substantial investment, and the impact of the rental will subside within a day or two.
  3. If we do find a block, it should make everyone happy and reset the panic factor over long times between blocks.
  4. The large rental did not “ruined the long term theory” since the PPLNS queue was already reduced to improve people’s chances to earn rewards this week. An exception does not discount the rule. Even two exceptions (the large rental and the reduced queue length) do not discount the rule, even if Casper goes into effect in the next 48 hours (which it probably won’t).

#151

Thanks for trying to help, @Anorak


#152

Huh give me some time to understand fully and make it simple:
PPLNS reward scheme means that block reward shared based on number of valid shares (as usual)
PPLNS considers only the number of shares set as queue length now it is 76800
Pls confirm if Im right.

Taking all these into account gives me another aspect and thanks for clarification.
And thanks Anorak


#153

Well, at least his hash pushed us a good deal closer to the block.


#154

Hei guys, first, thank you so much! :blush:

To see all of you thinking about all situations on this pool from different perspectives helps me big time to keep my enthusiasm about this project! Also I get new ideas and solutions for the pool while reading through your comments. :kissing_heart:

Second, I was planning to use my reward (if we had found the block) as a “unexpected happy bounty” for all workers. :cake:

Keep it up guys! We are going to crack this block, and some lucky streaks are due to take place. :yum:


#155

Now I think we deserve 3 blocks in a line below 20% round variance


#156

We deserve 42 blocks in a row. :joy:


#157

ETH pool needs a little off the ETC pools luck 5 blocks in 1 1/2 hour’s


#158

If it wasn’t for Bad Luck we’d have No Luck at all.


#159

My second rig is up and running again with the new PSU, the one I got from ebay seems to be pretty good. 12 AWG power cable to 16 AWG power 6 pin PCI-E.

Will see how long this would last, the old PSU lasted for 6 months…


#160