Re: ★★★★★ [COIN] ★★★★★ traded at C-CEX for BTC and USD

Hi, newbie here. mind if i ask a stupid question?

P2Pool vs MPOS Pool

which one is better to mine if i got low hashrate, let's say like 250~330 KH/s Huh

right now i'm mining on P2Pool, but it looks like i'm getting fewer Coin than mining on MPOS Pool.

Hi @cinming, nice to meet you here! If your hashrate is around 300 KH/s you will be able to find around 12 blocks per day. I think it is still good for solo mining but your earnings may not be smooth. The easy formula to calculate the estimated number of blocks is:

Nblocks = 0.02 * KHrate / Diff

where KHrate is you hash rate in KILO-hashes and Diff is the current network difficulty. You may check the current network difficulty in your wallet console by typing in getinfo command.

The block reward is 1000 now and for the next three months. So, to calculate your income just multiply the above formula by x1000:

PerDayIncome = 20 * KHrate / Diff

Keep this in mind!

Thanks vilgem for answering, sorry for the late response,

Vilgem, what is the meaning of Nblocks on the formula ? is it the number of blocks i can find within a certain time or hourly?

Let's say that on my average 250KH/s condition, that will be :
NBlocks = 0.02 * 250 / 0.64581773 (Difficulty i checked on 10.15 AM UTC +7 time) >>> 7.742122533551378 Blocks

As for the Per Day Income formula, i should have :
PerDayIncome = 20 * 250 / 0.64581773 >>> 7742.122533551378

based on above statistic, i should have mined more than 3500 Coin if i mine on P2Pool on 12 hours of mining since the diff is less lower. but i only manage to mine less than 1000 Coin that 12 hours. Not to mention the blocks i found (or it's my bad luck i don't hit on a block?)

Is there something wrong with me??

NBlocks is the approximate number of blocks you will find on a daily basis (solo mining) if Diff will remain more or less stable. The both formulas work for me with some precision. If do not know much about P2Pools but what I heared is that you should mine for at least for 24 hours to start getting good shares. Blocks do not matter if you use P2Pool. You will get your shares based on your hashrate (total contribution to the network). If a node in P2Pool network finds a block it is shared by all P2Pool miners proportionally to their hashrate over some time period. PerDayIncode formula should give you estimated income value for any kind of mining (solo/P2Pool/MPOS). It will be working for the next several months until the block reward will be decreased to 900.

wow, thanks alot for the explanation vilgem. i guess i will try for solo mining then. hopefully it will give me better result than MPOS mining. Cheesy

You should find about 7-8 blocks daily. But this doesn't mean you will find such number of blocks. It can be 2-3. It can be 10-12. But if you take your monthly avarage it should give you 7-8 blocks. 250 KH/s is not really good for solo-mining with out current Diff. And I expect that Diff will increase significantly in a week (may be even less). It is steadily increasing. Did you try an MPOS pool? Guys, do we have an MPOS pool which provides at least 3 Mh/s of total hashrate?

My pool, at http://coin.fedaykin.us is an MPOS pool, right now we're running about 3.5MH. Why don't you give us a shot?