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Topic
Board Announcements (Altcoins)
Re: [ANN][BEE]BeeCoin - Launched/3 EXCHANGE[Pow][Scrypt][Fair][NO PREMINE]
by
Cor2
on 17/02/2014, 05:38:16 UTC
cryptohunter are you sure the pool rate has been constant for updamoon?  
Just taking the current pool rate and looking at the no. of coins found, 10, in 24hr for steadymining (16MH/s) gives 1.6Mh/s per block or 0.625 blocks per MH/s
doing the same for updamoon now 479MH/s and 316 blocks gives 0.66 blocks per MH/s

This fluctuates for both and obviously at any minute one miner dropping from the smaller pool will make a much bigger difference to figures like these.
During most of today Steadymining has been running at only 2MH/s, only in the last 2 hours some miners moved to Steadymining (probably after my analysis) so the Steadyminer stats are skewed from the now higher hash rate compared to the blocks found in the last day.
In such a case, the best way to judge is to look at payouts: I have been mining there for 38 hours (since the 2nd block that they found, I believe block nr 59 was my first payout, even though I was configuring my miner a lot earlier, but both bondni and updamoon were MIA in the first half hour, so I had to quickly register with a 3rd pool to give my miner something to do - luckily I saw Steadyminers online and looking good.
In those 38 hours, I received 58k BEE for my 210kh/s so a little over 7 BEE per hour per kh/s steady (after a block was found - notice that there was over 13 hours no block found at Steadyminers, because there was so little hash rate in the pool? From block 1713-2888. But *when* the block was finally found, I received a *large* amount of BEE (over 10%) because the avg pool hash rate over that time had been 2Mh/s.
You can do your own math for your own pool - if you are getting less than 7 BEE per hour per kh/s then either you are being cheated or you are in a place with so low hash rate that blocks are not found regularly (like, solo-mining and you did not find a block yet) but *when* one is found, you win the lottery ;-)
NOTE that the statistics (BEE/h per kh/s) will change with the network hash rate, if it is much lower than avg 2Gh/s then the rewards will increase, if the multipools decide to stay longer on BEE and the avg network hash rate rises, then you will see lower payouts. I am averaging over the entire lifetime of BEE (minus the first 25 mins when no more than the first 55 blocks were found, so pretty much all of the BEE coin lifetime). YMMV.
TL;DR
Mine with Steadymining and get the best payout. Count on 7 BEE per hour per kh/s.