Bitcoin.com Mining Pool Official Discussion Thread

[GreyWyvern]

The coins will will accumulate at the pool.bitcoin.com cloud mining site first. You can withdraw them manually or setup an automatic withdrawal.

I've no experience with the Electrum wallet.

[bdsahin]

after hard fork very low profit from pool.

[Kryptowerk]

after hard fork very low profit from pool.

Indeed, current returns are a joke. Which confuses me, with hashrate moving to BCash I thought BTC-difficulty would go down and BTC profit should go up.
What is happening?

[zowki]

after hard fork very low profit from pool.

Indeed, current returns are a joke. Which confuses me, with hashrate moving to BCash I thought BTC-difficulty would go down and BTC profit should go up.
What is happening?

Not much hashrate moved to Bitcoin Cash.

Difficulty is increasing fast because the Bitcoin price is also rising fast. Please see this page for details on the recent difficulty increases: https://bitcoinwisdom.com/bitcoin/difficulty

[chiemekailo_forum]

Guys, We buy cloud mining contracts here in dollars and take our share rewards in fixed Dollar amounts (paid out in bitcoin equivalent). Right?
How about if I hook up an Antminer to the pool, what will my share rewards be paid in? I sure as hell will want my share in pure bitcoins so I can benefit from its increasing value.
That will mean that no matter the USD/BTC value, the rewards will be the same amount of bitcoins for a PPS plan. Please clarify.?!

[deltazulu]

I bought some hash rate, but it immediately started mining BTC, then I switched it in the interface (on the Purchased Contracts tab to start mining BCC. I hope that is the correct way to do it? The changeover takes 12 hours, why is that?

[GreyWyvern]

I bought some hash rate, but it immediately started mining BTC, then I switched it in the interface (on the Purchased Contracts tab to start mining BCC. I hope that is the correct way to do it? The changeover takes 12 hours, why is that?

You're not going to make much money mining BCC unless you're doing it out of the goodness of your heart and giving your BTC initial cost away.

The best thing right now, if you want to support BCC, is to mine the more profitable BTC chain, then use your earnings to buy BCC on an exchange. While you're doing that, keep an eye on the profitability of mining the BCC chain at https://cash.coin.dance/blocks and if the Bitcoin.com pool jumps over, you should jump over too.

[deltazulu]

You're not going to make much money mining BCC unless you're doing it out of the goodness of your heart and giving your BTC initial cost away.

The best thing right now, if you want to support BCC, is to mine the more profitable BTC chain, then use your earnings to buy BCC on an exchange. While you're doing that, keep an eye on the profitability of mining the BCC chain at https://cash.coin.dance/blocks and if the Bitcoin.com pool jumps over, you should jump over too.

I kinda want to mine BCC on its principles i.e. it's not trying to be some high fee settlement layer that the Core team have make it be. I'm not mining it for short term profitability. If it takes some time to go up in price so be it.

Currently the difficulty is operating at 13%. Also if there's less people mining BCC, wouldn't I get more percentage quantity of actual BCC? I.e. the price of BCC may be low, but I may actually be getting a higher quantity of the coin compared to what I would get if mining BTC. So maybe I have a higher quantity being mined now, but it's at a low price in comparison to USD for now. But that could change very quickly.

Also the profit difference is improving. Yesterday it was showing 49%. Today it's at 38%. Give it another week and there might be even less difference.

[GreyWyvern]

Also the profit difference is improving. Yesterday it was showing 49%. Today it's at 38%. Give it another week and there might be even less difference.

In another week or so there will DEFINITELY be good things going on. Bitcoin Cash block 479808 will mark the chain's 2016th block since its last difficulty adjustment. At this time, the mining difficulty is set to decrease by around 40 - 50% !!! The profitability of the chain will basically double from one block to the one after. Look for BTC miners to start switching to BCC at this point.

[mel]

You're not going to make much money mining BCC unless you're doing it out of the goodness of your heart and giving your BTC initial cost away.

The best thing right now, if you want to support BCC, is to mine the more profitable BTC chain, then use your earnings to buy BCC on an exchange. While you're doing that, keep an eye on the profitability of mining the BCC chain at https://cash.coin.dance/blocks and if the Bitcoin.com pool jumps over, you should jump over too.

I kinda want to mine BCC on its principles i.e. it's not trying to be some high fee settlement layer that the Core team have make it be. I'm not mining it for short term profitability. If it takes some time to go up in price so be it.

Currently the difficulty is operating at 13%. Also if there's less people mining BCC, wouldn't I get more percentage quantity of actual BCC? I.e. the price of BCC may be low, but I may actually be getting a higher quantity of the coin compared to what I would get if mining BTC. So maybe I have a higher quantity being mined now, but it's at a low price in comparison to USD for now. But that could change very quickly.

Also the profit difference is improving. Yesterday it was showing 49%. Today it's at 38%. Give it another week and there might be even less difference.

A lot of people seem to be wondering about this, so here are the estimated current (August 11) calculations:

100 TH comparison:

BTC
Daily return = 0.027237 BTC
Electricity $28 = 0.00781 (at $3585/BTC)
Payout = 0.019427 BTC per day

BCC
Daily return = .22502 BCC (estimated by [1.074/0.13]*BTC payout since BTC difficulty went up 7.4% and BCC is 13% of original difficulty)
Electricity $28 = .08485 (at $330/BCC)
Payout = 0.14017 BCC per day

If you mined BTC and exchanged it at an exchange, you would get about 0.20249 BCC, using a 0.001 BTC transaction fee and a 0.091 BTC/BCC exchange rate. This rate is very volatile.

Both mining and buying at an exchange help BCC succeed.

[Neoclassical]

after hard fork very low profit from pool.

Just wait, it might go up.

[deltazulu]

Will we be able to see the BCC payouts and total balance in the pool.bitcoin.com interface? Or is that conversion still taking place?

[zowki]

Will we be able to see the BCC payouts and total balance in the pool.bitcoin.com interface? Or is that conversion still taking place?

We are still working on it. Sorry it's taking so long. Should be ready in a few days.

[BitcoinNewsMagazine]

Also the profit difference is improving. Yesterday it was showing 49%. Today it's at 38%. Give it another week and there might be even less difference.

In another week or so there will DEFINITELY be good things going on. Bitcoin Cash block 479808 will mark the chain's 2016th block since its last difficulty adjustment. At this time, the mining difficulty is set to decrease by around 40 - 50% !!! The profitability of the chain will basically double from one block to the one after. Look for BTC miners to start switching to BCC at this point.

Links please? I am familiar with the BCC EDA but have seen nothing about an automatic downward adjustment after 2016 blocks. For BTC if 2016 blocks take longer than 14 days difficulty will adjust down so blocks speed up to every ten minutes. Thanks.

[sayurichick]

For BTC if 2016 blocks take longer than 14 days difficulty will adjust down so blocks speed up to every ten minutes. Thanks.

the same difficulty adjustment still exists for bitcoin cash as well. they're both bitcoin.

[ArdaGulcil]

Hello All

I am planning to buy lifetime cloud mining at 30TH/s . As I am not familiar with some details I will be happy if i get some guidance on following question;

Once I buy I will pay initial fee plus USD8.40 / day to be deducted from the revenue that I will get as Bitcoin , the clauses are

- Contract will end if daily fee exceeds revenue for 60 consecutive days. ( This means initial fee also will be gone or this will be refunded ?
)

- Calculation is based on current difficulty and Bitcoin price.
Difficulty increases about 5% every 2 weeks, but may vary based on global hashrate. ( This means after sometime if Bitcoin price increases as difficulty also will do the same and revenue will ve indeed very small that naming those contracts lifetime will not bring any advantage to investor/buyer ? )

Last question ; If Bitcoin price falls and daily fee will be less then revenue at 60 consecutive days contract will end but if less than 60 consecutive days then we will keep losing money or system will be on hold at the loss days ? )

thank you and sorry if those questions earlier replied

[bitkilo]

Hello All

I am planning to buy lifetime cloud mining at 30TH/s . As I am not familiar with some details I will be happy if i get some guidance on following question;

Once I buy I will pay initial fee plus USD8.40 / day to be deducted from the revenue that I will get as Bitcoin , the clauses are

- Contract will end if daily fee exceeds revenue for 60 consecutive days. ( This means initial fee also will be gone or this will be refunded ?
)

- Calculation is based on current difficulty and Bitcoin price.
Difficulty increases about 5% every 2 weeks, but may vary based on global hashrate. ( This means after sometime if Bitcoin price increases as difficulty also will do the same and revenue will ve indeed very small that naming those contracts lifetime will not bring any advantage to investor/buyer ? )

Last question ; If Bitcoin price falls and daily fee will be less then revenue at 60 consecutive days contract will end but if less than 60 consecutive days then we will keep losing money or system will be on hold at the loss days ? )

thank you and sorry if those questions earlier replied

Hello,

Just for future the mining support staff don't monitor the forum thread as often and you will normally always get a quicker reply emailing pool@bitcoin.com

Anyway i am here now so can help you with your questions

The initial costs are not refundable, the pool uses the money collected from sales to purchase more equipment/hashrate. We have not had to cancel a single plan to date.

As the mining difficulty rises it does have an impact on reduced revenue but if the bitcoin price keeps rising as it is then your profits in USD term will be much higher. Bitcoin has gone up +24.5% in the last 7 days alone!
https://bitcoinwisdom.com/

I am sorry but i don't really understand your last question enough to give an answer.

Regards: bitkilo.

[ArdaGulcil]

Dear Bitkilo

Thank you very much for the answer.

In my last question I was meaning based on following conditions written at pool offer. If Bitcoin price falls and daily fee will be less then revenue at 60 consecutive days contract will end but in case revenue less than daily fee for less than 60 consecutive days then we will keep losing money or system will be on hold/not make mining at these loss days ? ) Hope Its clear now.

Contract will end if daily fee exceeds revenue for 60 consecutive days.

[zowki]

Dear Bitkilo

Thank you very much for the answer.

In my last question I was meaning based on following conditions written at pool offer. If Bitcoin price falls and daily fee will be less then revenue at 60 consecutive days contract will end but in case revenue less than daily fee for less than 60 consecutive days then we will keep losing money or system will be on hold/not make mining at these loss days ? ) Hope Its clear now.

Contract will end if daily fee exceeds revenue for 60 consecutive days.

If the fee is higher than the revenue, we will lower the fee to prevent you from losing money.

[GreyWyvern]

Dear Bitkilo

Thank you very much for the answer.

In my last question I was meaning based on following conditions written at pool offer. If Bitcoin price falls and daily fee will be less then revenue at 60 consecutive days contract will end but in case revenue less than daily fee for less than 60 consecutive days then we will keep losing money or system will be on hold/not make mining at these loss days ? ) Hope Its clear now.

Contract will end if daily fee exceeds revenue for 60 consecutive days.

Your daily revenue will never go negative. If the daily fee is more than the daily revenue, you'll just get nothing. Pool.bitcoin.com won't take coins back from you that you've already earned.

[mel]

Also the profit difference is improving. Yesterday it was showing 49%. Today it's at 38%. Give it another week and there might be even less difference.

In another week or so there will DEFINITELY be good things going on. Bitcoin Cash block 479808 will mark the chain's 2016th block since its last difficulty adjustment. At this time, the mining difficulty is set to decrease by around 40 - 50% !!! The profitability of the chain will basically double from one block to the one after. Look for BTC miners to start switching to BCC at this point.

Links please? I am familiar with the BCC EDA but have seen nothing about an automatic downward adjustment after 2016 blocks. For BTC if 2016 blocks take longer than 14 days difficulty will adjust down so blocks speed up to every ten minutes. Thanks.

http://lmgtfy.com/?q=Bitcoin+cash+2016+ ... adjustment

[deltazulu]

Before the website is up and running and displaying mining results for BCH, I am curious, if I am mining BCH at 1TH/s, how much actual BCH coins e.g. 0.000321 am I getting per day (roughly)? I assume it will be more than what I would get for mining BTC correct, as the current difficulty is at 13%.

[Swimmer63]

I have been mining away on this pool in support of BU for the past few months, since it opened to the public. I must have missed the memo though that there is no longer a 10% bonus.
I did read on one of the pages though that this pool still pays at the highest rate of any other PPS pool. Is that still correct? What is the rate?
Now that the block debate has largely been decided, I need to figure out where I'm going to be most profitable.

[GreyWyvern]

I have been mining away on this pool in support of BU for the past few months, since it opened to the public. I must have missed the memo though that there is no longer a 10% bonus.
I did read on one of the pages though that this pool still pays at the highest rate of any other PPS pool. Is that still correct? What is the rate?
Now that the block debate has largely been decided, I need to figure out where I'm going to be most profitable.

Keep an eye on https://cash.coin.dance/blocks to see which chain is more profitable to mine atm. However, you're really not going to earn much unless Bitcoin.com commits a large amount of its hashrate to BCH. It's only pointing a few % of its pool there and hasn't mined any blocks recently.

You'll have to weigh that against the actual profitability of the chain to mine.

[mel]

I have been mining away on this pool in support of BU for the past few months, since it opened to the public. I must have missed the memo though that there is no longer a 10% bonus.
I did read on one of the pages though that this pool still pays at the highest rate of any other PPS pool. Is that still correct? What is the rate?
Now that the block debate has largely been decided, I need to figure out where I'm going to be most profitable.

Keep an eye on https://cash.coin.dance/blocks to see which chain is more profitable to mine atm. However, you're really not going to earn much unless Bitcoin.com commits a large amount of its hashrate to BCH. It's only pointing a few % of its pool there and hasn't mined any blocks recently.

You'll have to weigh that against the actual profitability of the chain to mine.

Hi GreyWyvern,

If the BCC pool is PPS then the size of the pool doesn't affect the revenue, even if it's only 1TH and never actually mines a block. They will absorb the loss if we are unlucky and don't mine BCC blocks, and the extra profit if we are lucky and mine tons. I think the contract hash on BCC is mandatory PPS just like contract hash on BTC, but haven't verified this.

[Sirslicey]

GreyWyvern, can you implement BCC integration into your pool.bitcoin.com mining calculator? That would be incredible!

[GreyWyvern]

GreyWyvern, can you implement BCC integration into your pool.bitcoin.com mining calculator? That would be incredible!

I could certainly do that, but until the developers at pool.bitcoin.com add "Current Daily Returns" values in both BTC and BCC, there isn't really much you can calculate with any accuracy.

The tool itself is pretty coin-agnostic though. You can type in the current BCC price where it says 1 BTC = $ _______ USD and insert all your other values to estimate BCC contracts. I will eventually make a toggle that swaps from BTC to BCC once the pool.bitcoin.com website integrates both coins as well.

[bdsahin]

which currency now profitable?
BTC or BCC???

[djengisen]

Pool bonus?

Transaction fees are increasing again, time to bump the PPS bonus? Other pools are more profitable now.

[rogerver]

Pool bonus?

Transaction fees are increasing again, time to bump the PPS bonus? Other pools are more profitable now.

We wanted to get all the Bitcoin Cash stuff up and running first.
We will address this issue next and actually plan to switch to a dynamic fee system in the future.