Bitcoin.com Mining Pool Official Discussion Thread

[zowki]

Hello , I found my BCC payout for 25 Sep 2017 is 0.11132358 BCC which is a lot lesser than the estimated amount 0.23524840 BCC
My hashrate is 100T Please check and explain the reason.

There was a mistake with today's payouts. I am working on fixing this now. You will be paid the correct amount within a few hours.

Sorry for the inconvenience.

Edit: This is now fixed. Everyone was paid the correct amount.

[bangteh]

Hello , I found my BCC payout for 25 Sep 2017 is 0.11132358 BCC which is a lot lesser than the estimated amount 0.23524840 BCC
My hashrate is 100T Please check and explain the reason.

same like me.. effected to all users, be patience, i just contact them,, they will fix and update in this forum...

[hosul]

hello developers,


should you build a website cloud mining via apps store or apple store? i think more convenience... currently need to log in via website using phone bitcoin.com become reorganize nowadays

Android first please

[rickee718]

Hi Team,
Just want to check if there is a market to resell the mining contract as I would like to transfer my contracts for liquidity needs.

[chiemekailo_forum]

I am getting an ASIC miner soon, and I want to clarify 2 things as I intend to connect to this pool:
1. I am having a latency average of 149.461ms for (BTC on connect.pool.bitcoin.com) , and 266.873ms for (BCC on stratum.bcc.pool.bitcoin.com). I am pretty sure the case is bad for the BCC connection, but how about the BTC connection?

2. If I am to expect drops in output, can the impact be estimated as a % drop?

[zowki]

I am getting an ASIC miner soon, and I want to clarify 2 things as I intend to connect to this pool:
1. I am having a latency average of 149.461ms for (BTC on connect.pool.bitcoin.com) , and 266.873ms for (BCC on stratum.bcc.pool.bitcoin.com). I am pretty sure the case is bad for the BCC connection, but how about the BTC connection?

2. If I am to expect drops in output, can the impact be estimated as a % drop?

We only have BCC servers in US west coast and China at the moment. There isn't enough hashrate in other locations to justify launching new servers.

I don't understand your second question.

[Sirslicey]

I must say that after much research and consideration, the current prices for all three contracts are way too expensive for my likes. Using historical data in GreyWyvern's calculator, I'm seeing a 30% loss in Bitcoin Cash over the course of the next ten years. My contracts from earlier in the year are still very profitable for me and will break even in a little under a year from now.

I understand we are in a volatile industry and there are risks at every corner, however that is a stark contrast in returns vs simply holding BCC. This wasn't always the case until recent contract price increases. I also understand you are basing prices off supply and demand, which I can respect, however, unless an investor wanted to take a calculated loss and lose liquidity in favor of simply owning hash rate , which I don't currently understand why, then said investor is better off looking at other cloud mining pools or simply hodling if they are a believer in the future of Bitcoin.

The only way I can profit better than simply hodling Bitcoin, is if I was to leverage my buying power from a massive BCC price spike and only buy your contracts at that time, such as when BCC hit $1097.

I suppose I can only hope that when new TH/s stock is delivered and new ASIC miners are released, that prices will adjust to be more reasonable in the future.

Thoughts?

[bitkilo]

I must say that after much research and consideration, the current prices for all three contracts are way too expensive for my likes. Using historical data in GreyWyvern's calculator, I'm seeing a 30% loss in Bitcoin Cash over the course of the next ten years. My contracts from earlier in the year are still very profitable for me and will break even in a little under a year from now.

I understand we are in a volatile industry and there are risks at every corner, however that is a stark contrast in returns vs simply holding BCC. This wasn't always the case until recent contract price increases. I also understand you are basing prices off supply and demand, which I can respect, however, unless an investor wanted to take a calculated loss and lose liquidity in favor of simply owning hash rate , which I don't currently understand why, then said investor is better off looking at other cloud mining pools or simply hodling if they are a believer in the future of Bitcoin.

The only way I can profit better than simply hodling Bitcoin, is if I was to leverage my buying power from a massive BCC price spike and only buy your contracts at that time, such as when BCC hit $1097.

I suppose I can only hope that when new TH/s stock is delivered and new ASIC miners are released, that prices will adjust to be more reasonable in the future.

Thoughts?

We find that a lot of people who purchase our cloud mining contracts do so as a way to "hedge" their bitcoin savings against large price drops in the markets, if the price was to take a sharp drop then we would most likely see a lot of miners leave the network giving the miners left less competition to earn bitcoins, this would allow the difficulty to adjust accordingly.
You will more often than not see a larger profit in dollar terms than in btc/bcc with cloud mining.

[Sirslicey]

I must say that after much research and consideration, the current prices for all three contracts are way too expensive for my likes. Using historical data in GreyWyvern's calculator, I'm seeing a 30% loss in Bitcoin Cash over the course of the next ten years. My contracts from earlier in the year are still very profitable for me and will break even in a little under a year from now.

I understand we are in a volatile industry and there are risks at every corner, however that is a stark contrast in returns vs simply holding BCC. This wasn't always the case until recent contract price increases. I also understand you are basing prices off supply and demand, which I can respect, however, unless an investor wanted to take a calculated loss and lose liquidity in favor of simply owning hash rate , which I don't currently understand why, then said investor is better off looking at other cloud mining pools or simply hodling if they are a believer in the future of Bitcoin.

The only way I can profit better than simply hodling Bitcoin, is if I was to leverage my buying power from a massive BCC price spike and only buy your contracts at that time, such as when BCC hit $1097.

I suppose I can only hope that when new TH/s stock is delivered and new ASIC miners are released, that prices will adjust to be more reasonable in the future.

Thoughts?

We find that a lot of people who purchase our cloud mining contracts do so as a way to "hedge" their bitcoin savings against large price drops in the markets, if the price was to take a sharp drop then we would most likely see a lot of miners leave the network giving the miners left less competition to earn bitcoins, this would allow the difficulty to adjust accordingly.
You will more often than not see a larger profit in dollar terms than in btc/bcc with cloud mining.

I appreciate the response. Perhaps someone else can add to the thoughts that I've been mulling around in my head. I don't consider myself to be very good at mathematics and have a hard time wrapping my head around a lot of it, even though I've become somewhat obsessed with math over the past little while now.

Assume I believe in a very prominent future for bitcoin. I want to own as many bitcoins as possible then and of course be financially independent(I am relatively young and have little capital.)

Does it then not make sense to invest in bitcoin mining as I have done and continue to re-invest my bitcoin earnings? Compound interest, correct?

Sure I can benefit from compound interest from owning 1 BTC/BCC in terms of USD gains. But I believe in the future of Bitcoin, remember? I want to benefit from Compound interest in terms of BTC/BCC gains. So continuing to reinvest in mining contracts would help me in that endeavor, or would I be forever fighting the climbing prices and difficulty increases of BTC/BCC and end up losing many bitcoin in the process and never gaining anything substantial?

It's tough to wrap my head around, as I'm a novice investor, but I think that bitcoin mining is where it's at, despite my concerns over price of contracts in my earlier post.

Ideas?

[tomppa]

I've been thinking about same things as you. No way I'm anymore going to buy those contracts at current rates while seeing difficulty skyrocketing, especially when payment for the contract is to be made in bitcoins or bitcoin cash so it's 99% sure you end up losing in both, bitcoin AND dollar wise vs. just buying and holding the coin or mining on your own.

You can say that some people "hedge" their funds, but most of us are in to earn something, not to lose almost half of it.

I'm just going to hold my coins until contract prices go down. If those prices won't drop, I still have my coins. Pricing is just way too high atm compared to hardware costs, imho.

[bitkilo]

I've been thinking about same things as you. No way I'm anymore going to buy those contracts at current rates while seeing difficulty skyrocketing, especially when payment for the contract is to be made in bitcoins or bitcoin cash so it's 99% sure you end up losing in both, bitcoin AND dollar wise vs. just buying and holding the coin or mining on your own.

You can say that some people "hedge" their funds, but most of us are in to earn something, not to lose almost half of it.

I'm just going to hold my coins until contract prices go down. If those prices won't drop, I still have my coins. Pricing is just way too high atm compared to hardware costs, imho.

That is fine, there is nothing wrong with holding bitcoin hoping for future price rises it's what a lot of us do.
Nobody is forcing you to buy our contracts but you have to understand that there are some people in this just for the USD investment and probably don't care too much about bitcoin, all they want is dollar profits.

The price on the contracts might seem high at the moment but the price does change with supply and demand so hopefully when we get new stock it will be enough to let us reevaluate our prices.

[chiemekailo_forum]

I am getting an ASIC miner soon, and I want to clarify 2 things as I intend to connect to this pool:
1. I am having a latency average of 149.461ms for (BTC on connect.pool.bitcoin.com) , and 266.873ms for (BCC on stratum.bcc.pool.bitcoin.com). I am pretty sure the case is bad for the BCC connection, but how about the BTC connection?

2. If I am to expect drops in output, can the impact be estimated as a % drop?

We only have BCC servers in US west coast and China at the moment. There isn't enough hashrate in other locations to justify launching new servers.

I don't understand your second question.

Thanks zowki for your response.
So are my latency levels (pings 149.461ms & 266.873ms) good for me to join the pool?
The second question borders on how much a high orphan rate (caused by my high latency) may hurt my rewards, given the above figures.

[farzin]

To: Sirslicey

Thanks for your good post. It is difficult, basically impossible, for anyone to predict the future, especially when it comes to Bitcoin. For example, if someone knew in 2014 that Bitcoin price would hit $5,000 this year, that person would be a very wealthy man now.

In answer to your question, my feeling is no, you will not be "forever fighting the climbing prices and difficulty increases of BTC/BCC". I was reading the opinion of one of the "industry experts". He was saying that the current frenzy over Bitcoin will slowly subside over a period of five years. He is guessing (his guess is as good as anybody else) that Bitcoin price will slowly decrease to about $1,000, not immediately, but between now and 2022. As the price decreases, the mining difficulty will also decrease, and the scenario that you mentioned would not happen.

Anyway that is just the opinion of ONE person. Good luck to you.

[zowki]

I am getting an ASIC miner soon, and I want to clarify 2 things as I intend to connect to this pool:
1. I am having a latency average of 149.461ms for (BTC on connect.pool.bitcoin.com) , and 266.873ms for (BCC on stratum.bcc.pool.bitcoin.com). I am pretty sure the case is bad for the BCC connection, but how about the BTC connection?

2. If I am to expect drops in output, can the impact be estimated as a % drop?

We only have BCC servers in US west coast and China at the moment. There isn't enough hashrate in other locations to justify launching new servers.

I don't understand your second question.

Thanks zowki for your response.
So are my latency levels (pings 149.461ms & 266.873ms) good for me to join the pool?
The second question borders on how much a high orphan rate (caused by my high latency) may hurt my rewards, given the above figures.

Those pings are acceptable but not ideal.

Try to mine and see your reject rates. You can see average reject rate per day in the shares page. Less than 2% reject rate is considered good. Less than 1% is excellent.

[chiemekailo_forum]

Those pings are acceptable but not ideal.
Try to mine and see your reject rates. You can see average reject rate per day in the shares page. Less than 2% reject rate is considered good. Less than 1% is excellent.

Thanks. I will hook up on arrival.

[tomppa]

That is fine, there is nothing wrong with holding bitcoin hoping for future price rises it's what a lot of us do.
Nobody is forcing you to buy our contracts but you have to understand that there are some people in this just for the USD investment and probably don't care too much about bitcoin, all they want is dollar profits.

The price on the contracts might seem high at the moment but the price does change with supply and demand so hopefully when we get new stock it will be enough to let us reevaluate our prices.

I hear you and understand this point of view also, thanks for the reply. My input was not ment to be just a rant. I think you guys have awesome service here. Great interface, awesome support and good transparency. I'd love to buy more hashrate along with incoming miners I have with Bitmain.

I hope you guys have large enough batch of new hardware coming in on october-november along with cheaper prices.

[bangteh]

WOW!!!, my cousin told me about some group of BTC SOFTWARE ENGINEERS (btchackersgroup@gmail com),that helped her to double the amount of Bitcoins in her wallet in just 48hrs with a very hi-tech software that they built and they only demands 20% of the total bitcoins as their service fee after the successful transaction ,i didn't believe her story, until i tried it with just 0.5 bitcoins and it worked out perfectly, these is a rare opportunity to be rich.

lol who the F can do like that...proof it....if he so good dontt make it double, make it triple or quadraple or even 10x bitcoin why just double?

[geobull]

Hello, I just joined mining pool, started mining BCC, I have question which method of payment gives more profit right now? PPS OR PPLNS for BCC? please answer. which one do you use and what is your experience ?

[zepto]

Hello, I just joined mining pool, started mining BCC, I have question which method of payment gives more profit right now? PPS OR PPLNS for BCC? please answer. which one do you use and what is your experience ?

Hi and welcome.

If you are starting out, your best bet is to stick with PPS and also have your purchased contract set to switch to the most profitable chain: Look under "Purchased Contracts" then turn on "Automatically switch to most profitable coin".

/z

[zepto]

WOW!!!, my cousin told me about some group of BTC SOFTWARE ENGINEERS (btchackersgroup@gmail com),that helped her to double the amount of Bitcoins in her wallet in just 48hrs with a very hi-tech software that they built and they only demands 20% of the total bitcoins as their service fee after the successful transaction ,i didn't believe her story, until i tried it with just 0.5 bitcoins and it worked out perfectly, these is a rare opportunity to be rich.

WOW. That sure sounds like a scam.

[geobull]

Hello, I just joined mining pool, started mining BCC, I have question which method of payment gives more profit right now? PPS OR PPLNS for BCC? please answer. which one do you use and what is your experience ?

Hi and welcome.

If you are starting out, your best bet is to stick with PPS and also have your purchased contract set to switch to the most profitable chain: Look under "Purchased Contracts" then turn on "Automatically switch to most profitable coin".

/z

Thank you my hashrate is stable. but estimate revenue in 24 hours worries me little bit. it says 0.202 536 38 BCC almost 12 hours past and it is only 0.05 BCC that fine?

[zepto]

Thank you my hashrate is stable. but estimate revenue in 24 hours worries me little bit. it says 0.202 536 38 BCC almost 12 hours past and it is only 0.05 BCC that fine?

I wondered the same thing when I first took a contract. The payouts are end of day, not immediate. So it's really only possible to reconcile fully from earnings 24 hrs prior. If you are cloud mining be sure to account for the energy cost deduction.

[tomppa]

Well, it seems like pending BCC payout isn't showing correctly or it is calculated wrong. Yesterday with auto-switch on it switched from BTC to BCC at 4 am. Hashrate was fully dedicated to BCC at 5 am according to graphs. Pending payout for yesterday is less than 60% of 24h estimated payout while it should be around 80% even if we partly "lose" that one hour when auto switching and while hashrate climbing to its max (do we btw or is it just a reporting glitch? Do you have to restart hardware to choose which coin it'll be mining or can it be done on the fly?).

[bangteh]

Well, it seems like pending BCC payout isn't showing correctly or it is calculated wrong. Yesterday with auto-switch on it switched from BTC to BCC at 4 am. Hashrate was fully dedicated to BCC at 5 am according to graphs. Pending payout for yesterday is less than 60% of 24h estimated payout while it should be around 80% even if we partly "lose" that one hour when auto switching and while hashrate climbing to its max (do we btw or is it just a reporting glitch? Do you have to restart hardware to choose which coin it'll be mining or can it be done on the fly?).

i think all good, when switching it will calculate 24 hours earning too ... both will earns profit

[mel]

EDA just caused BCC to become more profitable to mine again. Going to turn on my auto-switch feature

How long will it be like this?

Relative profitability is fluctuating wildly. You'd better just keep an eye on it.

Current state: https://cash.coin.dance/blocks
Projected retargets: http://fork.lol/pow/retarget

[zowki]

Well, it seems like pending BCC payout isn't showing correctly or it is calculated wrong. Yesterday with auto-switch on it switched from BTC to BCC at 4 am. Hashrate was fully dedicated to BCC at 5 am according to graphs. Pending payout for yesterday is less than 60% of 24h estimated payout while it should be around 80% even if we partly "lose" that one hour when auto switching and while hashrate climbing to its max (do we btw or is it just a reporting glitch? Do you have to restart hardware to choose which coin it'll be mining or can it be done on the fly?).

I just updated the pending PPS code to fix this display problem.

It will show the correct amount soon. Actual PPS payments were not affected.

[KevinMcKernan]

Curious if the china based pool.bitcoin.com mining rigs are at risk. If there is a ban on Chinese mining, does this pool evaporate? How much US based mining do you have hedged and will profitability be effected with such a ban?

[zowki]

Curious if the china based pool.bitcoin.com mining rigs are at risk. If there is a ban on Chinese mining, does this pool evaporate? How much US based mining do you have hedged and will profitability be effected with such a ban?

Majority of our hashrate is in the USA.

We have some hashrate in China, but we are in the process of moving it to North America.

[bangteh]

Curious if the china based pool.bitcoin.com mining rigs are at risk. If there is a ban on Chinese mining, does this pool evaporate? How much US based mining do you have hedged and will profitability be effected with such a ban?

Majority of our hashrate is in the USA.

We have some hashrate in China, but we are in the process of moving it to North America.

come move out your hashrate to malaysia, malaysia will declare bitcoin as legal soon end of this years..i think our electricity quite fair n cheap so many user miner from malaysia.....

[zowki]

Curious if the china based pool.bitcoin.com mining rigs are at risk. If there is a ban on Chinese mining, does this pool evaporate? How much US based mining do you have hedged and will profitability be effected with such a ban?

Majority of our hashrate is in the USA.

We have some hashrate in China, but we are in the process of moving it to North America.

come move out your hashrate to malaysia, malaysia will declare bitcoin as legal soon end of this years..i think our electricity quite fair n cheap so many user miner from malaysia.....

We are looking for data centers that offer hosting for our mining hardware. Do you know any mining data centers in Malaysia?