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[Guide] NVIDIA & AMD PTS GPU Mining - Page 109

post #1081 of 6478
What exactly does it mean "when a block is found"? What is a block? What is the reward for finding a block (value in either shares or PTS)?
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post #1082 of 6478
Quote:
Originally Posted by lynxxyarly View Post

So with more miners..shouldnt we (in theory) be solving blocks *faster*?

The reason for the huge jump in miners seems to be the new Open CL version of the miner for PTS, which makes it profitable for AMD mining...

Expect a drop in prices if the number I am seeing right now are true.
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post #1083 of 6478
Quote:
Originally Posted by BulletSponge View Post

What exactly does it mean "when a block is found"? What is a block? What is the reward for finding a block (value in either shares or PTS)?

A block is the unit that's being mined. When a block is "solved", the miner accounts involved in solving the problem are reward with a portion of the block value, and that's determined by the amount of shares divided by the amount of miners. Shares are accumulated when you successfully solve a portion of the block.

Once a block is solved and your percentage of the payout is calculated, it goes to "unconfirmed". Unconfirmed blocks need 150 confirmations that they are correctly solved before your percentage goes to "confirmed". Confirming blocks is part of what every miner is doing, by the way.

Take a look at the "Stats" section on ypool.net, study what's going on there. You'll find that most blocks are worth a bit over 15 PTS at the moment, and most people only get a few hundredth of a PTS or less (to be expected when you have to split ~15 PTS amongst 60,000-100,000 miners).

The fear of AMD miners showing up in massive numbers is that more miners mean less shares per miner (but blocks solve faster). But at a certain pre-determined point based on the amount of coins mined, the difficulty of solving a block will go up...and up...and up, meaning less and less payout over the same time period. Hopefully, with increased difficulty and increased rarity, the cost of the coin goes up as well, but there's no guarantee that will happen.
post #1084 of 6478
Quote:
Originally Posted by mav2000 View Post

The reason for the huge jump in miners seems to be the new Open CL version of the miner for PTS, which makes it profitable for AMD mining...

Expect a drop in prices if the number I am seeing right now are true.

Is nothing off-limits to AMD farms? I thought I finally found a crypto I could mine decently with a single GTX 670. rolleyes.gif
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post #1085 of 6478
Quote:
Originally Posted by mav2000 View Post

The reason for the huge jump in miners seems to be the new Open CL version of the miner for PTS, which makes it profitable for AMD mining...

Expect a drop in prices if the number I am seeing right now are true.

You're also seeing the end of the weekend in Asia and Europe...people are back at work and not surfing/*******/torrenting/gaming with their home rigs so they turn their part-time miners back on. And some of those people are surely switching their (illicit or not) office machines to PTS. smile.gif
post #1086 of 6478
I'm glad you wrote that Croak, I was going to ask something similar but you pretty much answered all my questions about it:thumb:. Reason is I guess I found a block earlier or something.

It's also pretty nuts how the round can last for any length of time, rounds ranging from 20+ minutes to even just 1.
post #1087 of 6478
Quote:
Originally Posted by CroakV View Post

You're also seeing the end of the weekend in Asia and Europe...people are back at work and not surfing/*******/torrenting/gaming with their home rigs so they turn their part-time miners back on. And some of those people are surely switching their (illicit or not) office machines to PTS. smile.gif

Funny you should say that, I have a friend working at a hospital CPU mining on 20+ of their PC's right now.
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post #1088 of 6478
Quote:
Originally Posted by CroakV View Post

You're also seeing the end of the weekend in Asia and Europe...people are back at work and not surfing/*******/torrenting/gaming with their home rigs so they turn their part-time miners back on. And some of those people are surely switching their (illicit or not) office machines to PTS. smile.gif

Not really true as on an average ypool has around 60k miners on PTS. Been mining PTS for more than a month and have not seen those number move a lot higher than approx 60k. Today its waaaaay higher.
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post #1089 of 6478
Mining devices: 1x GPU

CPU: 4770k @ stock
RAM: 2x4gb @ stock 1333mhz
GPU: EVGA 780Ti Classified @ (1060-1230)/1900*
* core clock varies depending on temps, memory clock is constant

Mining client: ArCudaminer.exe
Version: 1.0e
CPM: 2050

(Version 1.0c pulls 1990CPM for me)

Pool: ypool
S/Hour: ~230
post #1090 of 6478
thanks guys for the AMD openCL post, got my 7870 installed in about 30 seconds, no trouble even though im mining on gtx 670 too! Currently looking at just shy of 1200 cpm at 1200core/1200mem
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