Ninjastic
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Board Pools
Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
by
Trongersoll
on 15/04/2014, 16:03:11 UTC
Quote from: Pennycillin on April 15, 2014, 02:53:38 PM
Quote from: markneill on April 15, 2014, 02:42:52 PM
Quote from: Pennycillin on April 15, 2014, 01:21:18 PM
...With a total of 28 shares for an unconfirmed total of 0.00000065 BTC.    I'm averaging between 12.915 to 10.500 Mhash/s.

Does this seem correct?  Less than 1 penny for all the resources I've loaned?

Don't take this as a criticism, but "all the resources [you've] loaned", even at the high estimate of 12.9Mh/s, comes out to less than 1/10,000 of a percent of the total shares input to the current pool hashrate, which is currently clocking over 1.3 Terrahashes/sec.

And the last 24 hours has been a GOOD pool day, that's about twice the payout (since we've found twice as many blocks) that you would normally expect to see in a statistically average day.  As OrganOfCorti said, if you're mining on GPU or CPU, the current difficulty and mining rate of the global BTC pool is so much larger than your capacity to mine on that hardware that it's not efficient.

Then you wont take this as a criticism when I say, nowhere on your website does it say, "reg CPU users will need to run their computer for a total of FIVE YEARS to generate 1 bitcoin".   I'm confident you DEPEND on the thousands and thousands of us "workers" who are under educated and dumb enough to run our computers for 24 hours to yield the lack of result while you keep everything we generate and have no choice to abandon because you won't payout less than 1 bitcoin.   Now I understand why information is pretty scarce.  It's clearly a deliberate intent to defraud.


It has pretty much been known in these forums for a long time that CPU /GPU mining was a losing proposition. You just can't make a significant impact. The Pool operater provides a service. The onus is not on them to educate potential users. Sadly, what is a lot to some people isn't much to others. Lots of people get, what they consider to be, big mega computers and think that is all they need to mine bitcoin because there is still some old software around that will let them. They are qute disappointed when the learn that it really requires specialized hardware to mine and not big computers. Then they look at the hardware available and ask if the cheapest hardware is worth it. They don't like hearing  "no, not anymore". Basically, today there are two types of miners. Those with the financial resources to constantly persue the bigest and best new hardware. And the rest, who are pretty much hobbyist, mining because it is fun for them and a learning experience.

I feel bad for you because you didn't know what you were getting into. Also, the pool operator does not read this forum. We all here are just fellow miners.