Sorry, this is not possible.@zowki I am currently mining on the auto profit pool and I was wondering if it was possible to choose PPS for BTC and PPLNS for BCH. It looks like I can only choose it for both, but not one for the other. Essentially, we have much much better luck when auto profit switches to BCH so PPLNS would be more profitable, but average luck when we are mining BTC, so it seems PPS might be a bit more profitable. Is this possible?
Thanks for the info. Another question. When we do the profit calculator, is that with PPS or PPLNS? Because with near 100% luck on BTC, I'm not making what the calculator says I should, so I'm wondering if that is a PPS estimation. Thanks for all your hard work.Sorry, this is not possible.@zowki I am currently mining on the auto profit pool and I was wondering if it was possible to choose PPS for BTC and PPLNS for BCH. It looks like I can only choose it for both, but not one for the other. Essentially, we have much much better luck when auto profit switches to BCH so PPLNS would be more profitable, but average luck when we are mining BTC, so it seems PPS might be a bit more profitable. Is this possible?
Nobody can predict luck. We might get unlucky when mining BCH, or we might get luckier with BTC.
I think mining is in a lot of trouble in general. We have seen hash rate come online faster and faster, possibly due to the temporary and unsustainable increased mining profits from the BTC/BCH chain split, and now we are facing quite a different B1X/B2X chain split that will likely decrease overall bitcoin value (B1X+B2X+BCH). It will be like 2013 when the price shot up 10-fold, people invested in mining equipment, and then price went way down and many miners couldn't make a profit.Sept. 1. - my daily payout 17,95 dollar (BitcoinPrice= 4746 Dollar)Revenue is up in terms of dollars. Contracts are more profitable than before in terms of dollars.
The same I thought synonymous. I have a Lifetime contract since September. The payouts are now 43% less than 50 days ago. At this speed the Lifetime Plan became unprofitable after 5 months.
Oct. 27 - my daily payout 13,92 dollar (BitcoinPrice=5900 Dollar)
in my opinion this is not more profitable.
OK...thats risk.
If you are mining BTC now, you will automatically mine the Segwit2X chain after the hard fork. We will not support the Segwit1X chain after the hard fork.What's going to happen after the 2X fork? Some (like coinbase) say they will split my BTC into BTC and B2X, and some say they will covert all my BTC into B2X. What's the wise thing to do before the fork? Some said we have to transfer our BTC to a wallet that won't support the 2X fork and use a manual method of getting the equivalency in B2X after the hard fork.
I saw a solution to this posted on /r/btc earlier today:I think mining is in a lot of trouble in general. We have seen hash rate come online faster and faster, possibly due to the temporary and unsustainable increased mining profits from the BTC/BCH chain split, and now we are facing quite a different B1X/B2X chain split that will likely decrease overall bitcoin value (B1X+B2X+BCH). It will be like 2013 when the price shot up 10-fold, people invested in mining equipment, and then price went way down and many miners couldn't make a profit.
Zowki, would you recommend that we turn our workers to mine only BCC as we approach the fork?Over 85% of the global hashrate has agreed to mine Segwit2X, so it is unlikely that the Segwit1X chain will survive. Please withdraw your BTC before the hard fork (approximately November 16th) if you want access to your Segwit1X coins.
I got an E-mail from Coinbase just now. It says "Any user storing Bitcoin on Coinbase at the time of the fork will be credited with an equal amount of the new Bitcoin2x asset on the Bitcoin2x blockchain. No action is required - we will automatically credit your account. If you have 5 Bitcoin stored on Coinbase before the fork, you will have 5 Bitcoin and 5 Bitcoin2x following the event".What's going to happen after the 2X fork? Some (like coinbase) say they will split my BTC into BTC and B2X, and some say they will covert all my BTC into B2X. What's the wise thing to do before the fork? Some said we have to transfer our BTC to a wallet that won't support the 2X fork and use a manual method of getting the equivalency in B2X after the hard fork.
Who wrote this blog? Why is there no author name? Are you asking the entire pool to act according to the wishes of an anonymous blogger?I saw a solution to this posted on /r/btc earlier today:I think mining is in a lot of trouble in general. We have seen hash rate come online faster and faster, possibly due to the temporary and unsustainable increased mining profits from the BTC/BCH chain split, and now we are facing quite a different B1X/B2X chain split that will likely decrease overall bitcoin value (B1X+B2X+BCH). It will be like 2013 when the price shot up 10-fold, people invested in mining equipment, and then price went way down and many miners couldn't make a profit.
https://theflippening.github.io/open-le ... her-miner/
I think this sounds quite good. It would be good to get the rest of the pool on board too.
Your 1X coins will be converted to 2X coins at the hard fork.Zowki, would you recommend that we turn our workers to mine only BCC as we approach the fork?Over 85% of the global hashrate has agreed to mine Segwit2X, so it is unlikely that the Segwit1X chain will survive. Please withdraw your BTC before the hard fork (approximately November 16th) if you want access to your Segwit1X coins.
Otherwise, if we continue mining 1X up to the fork it seems there could be 1X coin that we mine at the last second that we wouldn't have access to afterward.
I saw it posted https://www.reddit.com/r/btc/comments/7 ... m_another/ which seems to have a lot of community support. Maybe it has other mining pool support which makes continuing mining the Segwit1x/Segwit2x coins a bit risky. I don't know if your questions really matter. Who is "Satoshi Nakamoto"? He is anonymous also. You have invested a lot of time and money on a single paper he wrote. This proves it doesn't matter who ideas come from, it's the ideas themselves that matter. So think for yourself and make your own decision on what's best for you. Do you want to be profit switching between potentially 3 different "Bitcoin" chains by end of November each with a price of $0-2300? Sounds like a complete trainwreck. If a kingdom is divided against itself, that kingdom cannot stand. I think Ethereum or another altcoin may take the lead. Or do you want to be mining one Bitcoin with the best fundamentals which is worth maybe $7000? Which is going to earn you more money in the long run?Who wrote this blog? Why is there no author name? Are you asking the entire pool to act according to the wishes of an anonymous blogger?
I do think for myself, thank you very much. I do not need you to tell me to think for myself. Also I do not need you to try to force me to change my decisions. The issue is not "earn more money in the long-run", as you say. The issue is what will happen in the short-term, and what is happening in the short-term is that BTC is still more profitable to mine than BCC. Just look at the overall hashrate of pool.bitcoin.com. I track it every day. The simple truth is that right now, it would be less profitable for me to mine BCC than it is to mine BTC. End of story. Where do you get the end of November price of "$0 - $2,300"? Are there any facts behind it, or is it just speculation? Maybe you think BTC will be worth $0 by the end of November? You may turn out to be right, no one knows the future. But right now, if you say BTC will be worth $0 by the end of November, or BTC + B2X will be worth $0 by the end of November, on a public discussion board, you will be laughed out of town. For me, the issue has always been simple: I have mined some BCC so far, and I will continue to mine BCC when the time is right, but not because someone puts a questionable article in front of me and asks me to follow it immediately.I saw it posted https://www.reddit.com/r/btc/comments/7 ... m_another/ which seems to have a lot of community support. Maybe it has other mining pool support which makes continuing mining the Segwit1x/Segwit2x coins a bit risky. I don't know if your questions really matter. Who is "Satoshi Nakamoto"? He is anonymous also. You have invested a lot of time and money on a single paper he wrote. This proves it doesn't matter who ideas come from, it's the ideas themselves that matter. So think for yourself and make your own decision on what's best for you. Do you want to be profit switching between potentially 3 different "Bitcoin" chains by end of November each with a price of $0-2300? Sounds like a complete trainwreck. If a kingdom is divided against itself, that kingdom cannot stand. I think Ethereum or another altcoin may take the lead. Or do you want to be mining one Bitcoin with the best fundamentals which is worth maybe $7000? Which is going to earn you more money in the long run?Who wrote this blog? Why is there no author name? Are you asking the entire pool to act according to the wishes of an anonymous blogger?
For short term profits I also have done the auto-profit switching thing, but I think I earn less in the end because by the time I've withdrawn my BTC to a wallet and then to an exchange I've had to pay about $10 in fees. It would be nicer if Bitcoin Cash with its low fees and guaranteed confirmations was the main surviving Bitcoin.I do think for myself, thank you very much. I do not need you to tell me to think for myself. Also I do not need you to try to force me to change my decisions. The issue is not "earn more money in the long-run", as you say. The issue is what will happen in the short-term, and what is happening in the short-term is that BTC is still more profitable to mine than BCC. Just look at the overall hashrate of pool.bitcoin.com. I track it every day. The simple truth is that right now, it would be less profitable for me to mine BCC than it is to mine BTC. End of story. Where do you get the end of November price of "$0 - $2,300"? Are there any facts behind it, or is it just speculation? Maybe you think BTC will be worth $0 by the end of November? You may turn out to be right, no one knows the future. But right now, if you say BTC will be worth $0 by the end of November, or BTC + B2X will be worth $0 by the end of November, on a public discussion board, you will be laughed out of town. For me, the issue has always been simple: I have mined some BCC so far, and I will continue to mine BCC when the time is right, but not because someone puts a questionable article in front of me and asks me to follow it immediately.
Yours.org CEO Ryan X. Charles described the Flippening scenario as “ridiculed in the Bitcoin community” but “actually the most likely”. Bitcoin Cash is undervalued even at current prices and savvy whale investors may see an opportunity to make 10x gains on what they already have. Imagine Bitcoin were $600 again, with a guarantee it’d moon. Would you buy?
“Whales can cause The Flippening if they want to by buying Bitcoin Cash and selling Bitcoin,” Charles said in the video above.
It’s definitely not a crazy idea. Prominent and powerful figures in the mining industry, including Bitmain’s Jihan Wu has criticized SegWit and its Blockstream backers. BTC.TOP’s Jiang Zhuoer even called current Bitcoin a Ponzi scheme, saying: “to be honest I do not care about Bitcoin now, Bitcoin Cash is Bitcoin. I earn by mining Bitcoin, selling it, and buying Bitcoin Cash”.
It’s possible The Flippening has already happened, or at least begun. Some long-timers have told Bitsonline quietly that they’ve divested completely from BTC and gone 100 percent into Bitcoin Cash.
I love that they get all of the problems with BTC out there, and agree with everything in that letter... Except the conclusion :p I think it would be better for bitcoin if BCH won gradually in the free market, and at this point I have no doubt that it will win in time. If the price inversion is slow, there will be less confusion over WHY it won, and BSCore can't as easily shout foul play. This will minimize damage to the bitcoin brand and speed up bitcoin's adoption, resulting in a higher BCH value sooner.I saw a solution to this posted on /r/btc earlier today:I think mining is in a lot of trouble in general. We have seen hash rate come online faster and faster, possibly due to the temporary and unsustainable increased mining profits from the BTC/BCH chain split, and now we are facing quite a different B1X/B2X chain split that will likely decrease overall bitcoin value (B1X+B2X+BCH). It will be like 2013 when the price shot up 10-fold, people invested in mining equipment, and then price went way down and many miners couldn't make a profit.
https://theflippening.github.io/open-le ... her-miner/
I think this sounds quite good. It would be good to get the rest of the pool on board too.
I know I just replied that I will mine the more profitable chain, but lately I haven't been getting to market fast enough to trade my BTC for the greater profit :p PLUS there's the BTC fee issue. So in my case if they're close, BCH makes me more money. I put it permanently on BCH for now.
For short term profits I also have done the auto-profit switching thing, but I think I earn less in the end because by the time I've withdrawn my BTC to a wallet and then to an exchange I've had to pay about $10 in fees.
I know I just replied that I will mine the more profitable chain, but lately I haven't been getting to market fast enough to trade my BTC for the greater profit :p PLUS there's the BTC fee issue. So in my case if they're close, BCH makes me more money. I put it permanently on BCH for now.
For short term profits I also have done the auto-profit switching thing, but I think I earn less in the end because by the time I've withdrawn my BTC to a wallet and then to an exchange I've had to pay about $10 in fees.
The transaction fee is already set dynamically based on network congestion.Will there be a possibility in the future to set the transaction fee dynamically instead of using the default one?
Your 1X coins will be converted to 2X coins at the hard fork.
Hello,Your 1X coins will be converted to 2X coins at the hard fork.
This is fraudulent. You have no right no convert 1X coins into 2X coins.
Furthermore, why are you forcing us to mine B2X? bitcoin.com may have signed the NYA, but I didn't, and I would rather continue mining BTC.
We are not forcing you to mine only one chain. We will give you the choice to mine the 1X chain if it survives.This is fraudulent. You have no right no convert 1X coins into 2X coins.
Furthermore, why are you forcing us to mine B2X? bitcoin.com may have signed the NYA, but I didn't, and I would rather continue mining BTC.
Hi zowki,Over 85% of the global hashrate has agreed to mine Segwit2X, so it is unlikely that the Segwit1X chain will survive. Please withdraw your BTC before the hard fork (approximately November 16th) if you want access to your Segwit1X coins.
Here is the full announcement:Hi zowki,Over 85% of the global hashrate has agreed to mine Segwit2X, so it is unlikely that the Segwit1X chain will survive. Please withdraw your BTC before the hard fork (approximately November 16th) if you want access to your Segwit1X coins.
How does this change your plans?
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