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Showing 20 of 58 results by ElscottHavoc
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 29/10/2015, 04:47:00 UTC
Have you looked into integrating even a free Cloudflare account to help with DDoS and https.  Might be worth consideration and can be setup in mere minutes.  Not sure what type of caching your site could integrate with their CDN but I'd think itd be helpful to stop attacks at their edge.
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Re: Idea for a crazy (faucet) shop - completely automated and open to the public
by
ElscottHavoc
on 16/10/2015, 03:29:36 UTC
You can get a domain name free (.tk for instance), web hosting free (acceptable for lower traffic faucets), and faucet scripts are available free online as well.  Anyone with even a little technical know-how and a few Satoshi to fund the initial wallet balance can create a faucet with little to no expenses.  The ability to do so makes running an online faucet fairly simple, cheap (free) and leads to sustainability and perhaps even some profitability.

I'm not sure the same can be said for a physical Bitcoin "giveaway" shop.  The overhead costs of building and implementing the camera systems, microphones, coupled with the capital expenditures of purchasing a building and perpetual taxes, insurances and/or rent don't lend themselves to a physical Bitcoin faucet project that even sounds remotely sustainable or profitable enough to justify the efforts.  I'd gather, in fact, such a project would bleed money and result in perpetual losses unless you figure out some really unique way to monetize the building and the people inside...and I can assure you, if people aren't getting paid enough to justify them standing in line, yelling "bitcoin", and spending time/money to go to the shop, it's going to be hard to keep the business afloat.
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 14/10/2015, 15:57:54 UTC
Where's the captcha at registration that only I don't see?
Hey lightenx you need to refresh your page. After reloading your page captcha will be shown. Hope it works for you.

I got this also sometimes with the login. Refreshing the page would do the trick. If it doesn't restart the browser.

Looks like a nice game. Will try it now. Smiley
Thanks to this person >> https://bitcointalk.org/index.php?topic=856351.msg12563262#msg12563262

MinerFarm. Is this OP owner of this game?


Yes, Aliser is admin/coder/owner of MinerFarm
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 09/10/2015, 15:00:09 UTC
Wow the ROI because of fees are making my % to ROI go negative instead of positive. two days ago I was at 9.96 and now today I am back to 9.74 %. I am in the highest hash rate pool with 0 fees I shouldn't be hitting negative ROI LOL

Except, being part of the high hash rate pool isn't necessarily the best strategy.  There is no such thing as 0 fees in this game because you always have your daily maintenance and utilities.  Often, joining the highest hash rate pool means that when that pool does find a block, it's being distributed among a larger group of people who combined have a larger percentage of hash power than you.  So sometimes, by joining a smaller pool, you might not find as many blocks; however, when you do find one, it'll likely result in you getting a larger slice of the pie...

And make sure to take as much advantage of the Faucet as possible, too.



But just like RL, all you're doing is altering variance. The end result is the same over time, regardless of the pool (as long as the % fees are the same).

Ah, you are correct in terms of what I wrote as I was thinking incorrectly, what I was meaning to mention was not the daily maintenance and utilities, it was the technician and engineering fees that I was thinking of.  Those particular ones have fees per block found, so if you are in a pool that finds a block and your earnings per block found in that particular pool are not enough to offset those fees for technicians and engineers, then you do have to find a smaller pool where your percentage of earnings per block found is high enough to offset those fees.
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 09/10/2015, 02:12:05 UTC
Wow the ROI because of fees are making my % to ROI go negative instead of positive. two days ago I was at 9.96 and now today I am back to 9.74 %. I am in the highest hash rate pool with 0 fees I shouldn't be hitting negative ROI LOL

Except, being part of the high hash rate pool isn't necessarily the best strategy.  There is no such thing as 0 fees in this game because you always have your daily maintenance and utilities.  Often, joining the highest hash rate pool means that when that pool does find a block, it's being distributed among a larger group of people who combined have a larger percentage of hash power than you.  So sometimes, by joining a smaller pool, you might not find as many blocks; however, when you do find one, it'll likely result in you getting a larger slice of the pie...

And make sure to take as much advantage of the Faucet as possible, too.

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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 08/10/2015, 20:43:06 UTC
If pool owners can't afford to pay 0.05 BTC monthly can they delete their pool?

No, pools just exist for ever.  Failure to pay a pool fee just means the owner doesn't receive income from it...those funds are just redistributed to the site per a prior post from Aliser.

http://www.minerfarmforums.com/forums/topic/what-happens-to-players-if-pool-closes/
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 07/10/2015, 18:14:40 UTC
why is my profit is the same for three days.?i dont understand.withdrawal fee is very high too.i joined when it started and have 0.00032 for profit but when i wanted to withdraw ,it says ill get -0.00018.vey interesting.
it's because there is a fixed Fee for withdrawal ( 0.0005 BTC ) of any transaction ... 0.00032 - 0.0005 = - 0.00018 (this is exactly correct and nothing is wrong since this is the system on minerfarm )

and as to your first question, there are a deduction for daily maintenance, electricity by the end of each day that's why depending on what your equipment is there is some charge fee's by 24th hour of each day
so from the start i have been working for the site owner it means

Withdraw charges are common for the Bitcoin network now.  Coming out with a positive ROI is possible with a bit of strategic planning of what pool you join and some patience too.  Yes, the game is edged to give incentive to the admin, but this is also what allows the game to be sustainable...some people will win and some will lose.  There's various ways to offset losses by being selective about pools you join and also just being patient for a small pool to find a block.
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 05/10/2015, 16:05:22 UTC
Flatblack is also legit - assuming it's the same Flatblack that joined my Miner Farm forums.

I've been corresponding with him at MinerFarmForums via PM for roughly a week regarding how to get started with real life Bitcoin mining.

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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 05/10/2015, 15:22:34 UTC
hi. i havent read anything about the site yet.ive no time for it. but my there is decline in my capacity to 9 ghs.i daily log in. is there sth i dont know?

Over time the health of mining devices depreciated slowly.  They can be repaired using technicians you buy or lease from others.

There a few different places to read about how to play.  This thread has some information, the game site has training and help pages and the unofficial MinerFarmForums has some information too.
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 05/10/2015, 15:13:59 UTC
Greatly appreciated!
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 05/10/2015, 15:06:46 UTC
First 5 people who posts their Miner Farm nick under this message will receive a 100 Ghs miner and a power supply!

ElscottHavoc
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Board Archival
Re: SearchTrade Using Bitcoin to Reinvent the Search Engine Business | Crowdsale On
by
ElscottHavoc
on 03/10/2015, 18:48:03 UTC
Anyone remember Kooday.com...... Undecided
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 03/10/2015, 04:18:41 UTC
Even with the help file on MinerFarm, which may be vague from a strategy perspective, many users are still confused and BitcoinTalk thread is not easily organized.

I invite everyone to check out minerfarmforums.com

Feel free to ask questions.  We have a small but growing group of MinerFarm players, and an objective of helping fill in some of the blanks and missing information that is confusing new players.
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Re: Cloudflare Back End IP Resolver
by
ElscottHavoc
on 03/10/2015, 04:06:05 UTC
One of the things I do like about Cloudflare though is their global CDN capabilities.  Im legitimetly interested in your DDoS Protection; however, many of my sites receive traffic worldwide on a rather routine basis so CDNs that offer facing on regional servers is ideal. 

Is your datacenter for the DDoS protection a single location or multiple spots and does it offer any CDN?  Is it easily implemented with CDN networks.  Please elaborate.
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 02/10/2015, 17:13:12 UTC
Yes the owner of cryptocoinbank pool has sold his miner to recoup losses but not walked away and still has the free 10 GH miner, cryptocoinbank pool has 1/3 of the hashing power of nastypool yet in the last 24 hours Nastypool has cracked 9 blocks and cryptocoinbank pool has cracked none.  Not cost effective.  The game is set to just about cover the running costs, so far approx 6 BTC has been withdrawn but I bet most of this is people taking the money out they ploughed in, not coins they've earned through the game. I don't see how anyone can do anything about someone quitting a "game".

I have nothing to do with the game other than being legitimetly interested in it as a fan and helping people, so I started an unofficial forum and wrote this post about how I think the game works and why some pools even with a third of hashing power aren't cracking as many blocks as your assume.

http://www.minerfarmforums.com/forums/topic/the-reason-pools-some-pools-are-hitting-fewer-blocks/

I still think the game is in a sort of "beta" phase (although not officially) because it was only recently launched and still the admin is fixing some bugs and glitches.  That said, we have no idea how the exact reasoning behind blocks being found in the game works but as you'll read in my post I believe it may have something to do with random number generators or die rolls.

So therefore we might expect a pool to receive 33% of the blocks based on a 33% hash power, but I'm thinking that each time a block is found that it really means they have a 33% chance of their number being generated in a die roll to win a block.  I mean I don't know for certain, but it's at least an idea to work off of...
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 02/10/2015, 01:57:30 UTC
I wonder then, if such is the case, if over time admin will add more powerful and efficient virtual miners.
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 01/10/2015, 23:22:00 UTC
In 2 or 3 month we will have several low fee pools without "owners"
Means the hashrate will spread to several "no owner" pools.

This way, no serious owner can run a pool in a way and with a fee that cover the pool cost.
And this is bad for the fun factor of the game.

You must not misunderstand me ..I like your game.
But the actual system disturbs a bit the fun.


Anyway, just my opinion. ;-)


I think I see what you're saying.

I think that assumes the block value will remain the same.
So, if the current block now is worth .017BTC and divided by 100,000GH s that over time the block value of .017BTC will be divided by 200,000GH s thus each member would receive a constantly diluted share or that over time the chances of earning a block with the same hash rate will decrease as network hash rate increases, thus each pool that opens would have a constantly lower chance of earning a block at all.

That said though, I can't say for sure, but I was under the assumption the block value was adjusted for hash rate.  This as more users come on the higher the block reward.

Although, just as in real life, blocks are still only worth so much and yet we are constantly adding more hash power and the difficulty of mining gets harder and harder.
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 01/10/2015, 22:09:44 UTC
That means, I can come tomorrow and open up a 0% fee pool, sell my miner and disappear?

I guess the other pool owners do not share your view!

But a 0% fee pool may not be profitable if there are a very large member base.  How much you earn in a pool is a function of your hash rate percentage to the entire pool. 

There will still need to be new pools to open up to ensure that there are pools of varying hash rates and where members can find better yields even with higher pool fees.

You think to much..... Wink
You think to smart.... ;-)

90% is free Hashrate.
Most of them are not so clever.
Or why stay so many people in 2% pool with most hashrate?

I have to try and think smart so I can give good help and advice and strategies on MinerFarmForums.com  Even though I am not admin of MinerFarm I try to give as much assistance and education as possible.
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 01/10/2015, 22:02:25 UTC
That means, I can come tomorrow and open up a 0% fee pool, sell my miner and disappear?

I guess the other pool owners do not share your view!

But a 0% fee pool may not be profitable if there are a very large member base.  How much you earn in a pool is a function of your hash rate percentage to the entire pool.  

There will still need to be new pools to open up to ensure that there are pools of varying hash rates and where members can find better yields even with higher pool fees.

And in the event the pool isn't profitable at zero percent, many of those members will simply stop logging in or leave the pool, thus slowly lowering the hash rate of the pool.

It's yet to be seen as the game expands, but I think there will be incentives for opening new pools or joint higher fee pools as we can go forward.

Perhaps going forward Pool can be private or password protected to allow collaboration and cooperation between like minded members.  In that way, perhaps you could have a pool owner open a pool, even with a 10% fee or so, but perhaps that fee would be justfied because it's a 'private pool'.  You know what I mean?
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Re: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin
by
ElscottHavoc
on 01/10/2015, 21:41:32 UTC
Only thing is, if everyone joins a zero hash rate pool, most people would lose money.  If 10000 people are all in one pool and we'll just assume they all have 10GH then they ha e divide an earned block of .017 by 10000...theyd lose money.

But you are correct.  If the game becomes a bunch of ghost pools, that lowers the incentive to start your own pool.

This is unfortunately not possible, because when the pool is closed then there is a responsibility occurs to pool members. And if pool members paid a fee to join to pool, then there should be a refund from the pool owner. We have to think from every different angle. Pool owner can sell his miners and quit anyway, then fee is paid to system not to pool owner.

If this "ghost-pool" have a fee of 0%, he will suck all the aviable hashrate of the system, the other pools will bleed out and nobody have to pay for it?
And as Bonus, the "ghost pool" also get randomly fresh 10Gh miners from the system.

If the pool have a "join to pool fee", and the pool go "bankrupt" then the members simply join the wrong pool and are the losers....like in real life.
But thats a one time punishment and does not affect the other pool owners or distorts the whole game.

Looks not funny for others.....especially, since we can expect more of such "ghost pools" in the future.