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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 4

post #31 of 21780
Quote:
Originally Posted by xNovax View Post

Mining on different pools does not change your income that much. I would say stick with the pool that has the bigger mining base.

Mining on the pool charges lowest fees and most stable is usualy the best i been using btcguild pps i know the fee is 7.5% but my income is steady does not jump up and down like ppln or dgm.
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post #32 of 21780
Quote:
Originally Posted by xNovax View Post

I'm not worried. There will always be some other type of coin such as litecoin.
While true that Litecoin's scrypt hash function is secure for now, it might not be for long.
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post #33 of 21780
Quote:
Originally Posted by Bal3Wolf View Post

Mining on the pool charges lowest fees and most stable is usualy the best i been using btcguild pps i know the fee is 7.5% but my income is steady does not jump up and down like ppln or dgm.

That's pretty much what I meant. The pool that is stable and does not take alot of your bitcoins is the best bet. Look for the larger pools then go check out their fees.
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post #34 of 21780
Quote:
Originally Posted by Krusher33 View Post

That's pretty high. Bitminter is 1.5% currently.

bitminter uses ppln those can use lower fees cause less risk for the pool same with dgm pps has to use a higher fee cause the huge risk alot of pools have went under with pps cause of bad luck.
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post #35 of 21780
Quote:
Originally Posted by Bal3Wolf View Post

Quote:
Originally Posted by Krusher33 View Post

That's pretty high. Bitminter is 1.5% currently.

bitminter uses ppln those can use lower fees cause less risk for the pool same with dgm pps has to use a higher fee cause the huge risk alot of pools have went under with pps cause of bad luck.

Can you translate that to "Bitcoins for dummies" language please?
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post #36 of 21780
Quote:
Originally Posted by Krusher33 View Post

Can you translate that to "Bitcoins for dummies" language please?

PPLNS involves variance: If the pool is lucky, you can earn a lot more than normal. If it's unlucky, you will earn a lot less. In the long run (a few months or more), you can expect to earn approximately 5% more using PPLNS compared to PPS. But if a pool has a long run of bad luck you could see days where you make hardly nothing. PPS will keep you a steady income but you pay a higher fee and its more risk for the pool when bad luck happens ozcoin just recently had to remove pps cause of bad luck and being in debt to miners over 700 coins.
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post #37 of 21780
I've got Armory loaded up and it says synchronizing with network, (8 Hours) but it hasn't moved!! frown.gif Should I just quit the Armory client and load up the main Bitcoin Client and just let it update through there first then load armory back up after it's done?
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post #38 of 21780
Quote:
Originally Posted by Atomfix View Post

I've got Armory loaded up and it says synchronizing with network, (8 Hours) but it hasn't moved!! frown.gif Should I just quit the Armory client and load up the main Bitcoin Client and just let it update through there first then load armory back up after it's done?

You can just let it Sync if funds are sent to it while it is syncing they will show up when it is done it is no issue.
    
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post #39 of 21780
Quote:
Originally Posted by Hokies83 View Post

You can just let it Sync if funds are sent to it while it is syncing they will show up when it is done it is no issue.

First time using Bitcoin, it says it's 148 weeks behind synchronization with the network.
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post #40 of 21780
Which is normal. In fact, this process can take several days(no kidding).
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