Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
roushonul
on 14/06/2014, 04:10:39 UTC
Hey, I'm shocked by my return on multipule.

I have a 4 * 280x and 4*270x on my X11 is a common hash 21MH / s reading on multipule swim from 16 to 25 MH / s

and I got 24 of my mountain?

Shift End    Your Shares / Pool Shares    Percent of Pool Shares    Avg. Hashrate    UTC Paid    Status
June 13, 2014   185 / 10306              1.7972                    8.78 MH/s   236.29603949  UTC Paid

This is ridiculous. When I get the production line 500-600 UTC 24 hours of mining.

http://s019.radikal.ru/i638/1406/9e/a4d84bbf7752t.jpg
http://s52.radikal.ru/i137/1406/9e/eaab61c5bcc1t.jpg

On the screen a farm with 4 * 280x cards. See what works without errors.

Something is wrong here. I got 3 times less than the UTC direct extraction. I am forced to return to direct production. although I love the X11. Cards almost cold.



Barbados,

Your hashrate is going up down left and right yes, BUT, the hashrate is not what decides your payout, this is what most people do not understand. Your hashrate is calculated based of the amount of shares that have been submitted to the server in 30 minutes. Due to network delays and you being from russia, you might not submit a share for 1 minute, but then submit 6 the next minute. You still get paid equally for that.

The average hashrates on the website were only just recently fixed up, there was an issue with the calculation. So check it now and see what it says.

Apart from that, it is accurate, you only submitted 185 shares in that 24 hour window which is 1.8% of the total tools shares, so If you want to do that calculations, 1.8% of the total utc made by the pool is exactly what you got paid out.

The thing with mining x11 is that your GPU's are dead cold. This means they are not in anyway being utilised as hard as any other algorithms AND their life span will dramatically be increased because of it. On a side note, Because they are not being utilised as hard as other algorithms, you are drawing up to 60% less power than mining Scrypt, If you are also using the lasybear or ltcrabbit kernel, you are saving up to 50% on the power but just got a 30%hashrate increase... So yes, Whilst you are NOT getting that extra 300 UTC a day, you are NOT using that extra 50% power or affecting your cards lifespan.

By all means, if you want more UTC, feel free to mine at the UTC pool, but this multi-pool is not a direct replacement for the UTC pool, its an alternative that allows people with asics to mine scrypt and people who don't want to burn their card up in 6 months to mine x11.

Over time the profitability will increase, but for now we can't do anything if people just jump on the boat for 5 hours then realise they only got paid 100UTC for it. It's not how that cookie crumbles, Multipools are designed to payout evenly over the duration of a week, this prevents people from pool hopping and only mining when it is most profitable. Overall, you will make more profit on the multi pool, but you may not make more UTC. You just use less resources mining the UTC you get, therefore the more profit.

Contact me should you have any further concerns about this.

PS. What is your UTC address so I can check your stats.

Hi

     I was mining with 32 MH/s for start and then have little difficulty make the system stable. Lets say system is down for avg 1o min for first 3-4 hour. Also bit up n down mid of the shift as I add some card(I start when shift started). When shift end get 502 UTC and my avg hash shows 25 Mh/s that time(when I add three card more my speed reach to 38-39 MH/s). Now I see that this 25 Mh/s is now 18 MH/s in my statistics(why is that. a 32 Mh/s system shows 25 MH/s okay by taking the ups n downs but 18 Mh/s).

     At present I am hashing 27 MH/s as reduce some card and avg speed showing okay and today I am expecting good result. My question or objection on a matter where u says miners will not get same utc if they do mine directly UTC. U seems forget the objective of multipool mining. Objective of multipool mining is provide the best profit to the miner by mining other coin and give them the coin they want. Its not charity or some other thing happening here. I don't even check if u take any fee or not. But take the FEE and do what is needed to be done to be on profit margin. When miners do mine they spend money on electricity bill and depreciation cost of their hardware+their time  and if someone live hot country they have run AC to cool their rig(I am doing that). So its not child's play. I am a web developer and I get 17 USD/hr for my task and I spend 10000 USD so far in mining I am not even making 10 USD a day. I don't even calculate now what I earn each day from mining. Becomes bag holder. Still I spend some of time here as its a make me feel good to work with hardware. But wasting is not an option. Plz think on that.

BTW your chat option was really nice as getting help quicker. I like your system really. People generally thinks what is working is good and forget to makes things nice. Your web interface is also nice and mobile friendly. Great work on it.

Thanks
Rony