Bitcoin PPLNS Questions

Discuss issues with mining rigs and connectivity issues with experienced Prohashing miners.
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This forum is for discussing issues with mining rigs and connectivity issues with experienced PROHASHING miners. This is a great place to ask questions about connecting specific hardware to PROHASHING.

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daringone
Posts: 12
Joined: Mon Dec 06, 2021 10:39 pm

Bitcoin PPLNS Questions

Post by daringone » Tue Feb 01, 2022 3:21 pm

Hey all:

Just grabbed a new FutureBit Apollo BTC after waiting 6 months for delivery. FPPS is negative profitability right now with the coin prices in the tank, so I thought I'd do PPLNS with Bitcoin to try it out. I wanted to see if I understand this correctly. I've watched the video on PPLNS, and looked at the status for Bitcoin, and only see "First Round" with no other rounds. Has this pool NEVER found a Bitcoin block? Other coins show a history of PPLNS, and Bitcoin doesn't have this, so this is why I ask. Additionally, I don't see anything showing for how much hash power is being thrown at Bitcoin either. It would help immensely to know how many others are at this. Because if I'm literally the only person, or nearly the only person, throwing power at this, I'm going to solo mine and take the whole cake if I find it instead of sharing with people that aren't even mining anymore. (Again, if I understand this process right.)

Thanks for anyone that can shed light on this!
User avatar
OneOfThePetes
Posts: 57
Joined: Tue Oct 26, 2021 4:40 pm

Re: Bitcoin PPLNS Questions

Post by OneOfThePetes » Tue Feb 01, 2022 4:47 pm

daringone wrote: Tue Feb 01, 2022 3:21 pm Has this pool NEVER found a Bitcoin block? Other coins show a history of PPLNS, and Bitcoin doesn't have this, so this is why I ask.
I asked this a while back, but didn't get an answer - other than any records of previous BTC blocks found would have been archived.

FYI, I have been mining this PPLNS since the end of October, at great expense.
It's kind of a vendetta to see it through now!
I left because I hate the colour scheme.
Plenty of other mining pools out there that don't look as terrible.
User avatar
Steve Sokolowski
Posts: 4585
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Re: Bitcoin PPLNS Questions

Post by Steve Sokolowski » Wed Feb 02, 2022 6:23 am

There have never been any PPLNS blocks of bitcoins mined. However, the pool has found many bitcoin blocks in FPPS mode over the years, but hasn't found any recently because FPPS bitcoin mining is only available to trusted miners right now.
dalr46
Posts: 20
Joined: Mon Aug 16, 2021 12:54 pm

Re: Bitcoin PPLNS Questions

Post by dalr46 » Wed Feb 02, 2022 6:35 pm

daringone wrote: Tue Feb 01, 2022 3:21 pm Hey all:

Just grabbed a new FutureBit Apollo BTC after waiting 6 months for delivery. FPPS is negative profitability right now with the coin prices in the tank, so I thought I'd do PPLNS with Bitcoin to try it out. I wanted to see if I understand this correctly. I've watched the video on PPLNS, and looked at the status for Bitcoin, and only see "First Round" with no other rounds. Has this pool NEVER found a Bitcoin block? Other coins show a history of PPLNS, and Bitcoin doesn't have this, so this is why I ask. Additionally, I don't see anything showing for how much hash power is being thrown at Bitcoin either. It would help immensely to know how many others are at this. Because if I'm literally the only person, or nearly the only person, throwing power at this, I'm going to solo mine and take the whole cake if I find it instead of sharing with people that aren't even mining anymore. (Again, if I understand this process right.)

Thanks for anyone that can shed light on this!

I have a few ASICs on Bitcoin PPLNS since at least August 2021. I'm going to keep at it!
daringone
Posts: 12
Joined: Mon Dec 06, 2021 10:39 pm

Re: Bitcoin PPLNS Questions

Post by daringone » Wed Feb 02, 2022 8:04 pm

Steve Sokolowski wrote: Wed Feb 02, 2022 6:23 am There have never been any PPLNS blocks of bitcoins mined. However, the pool has found many bitcoin blocks in FPPS mode over the years, but hasn't found any recently because FPPS bitcoin mining is only available to trusted miners right now.
Thanks for the confirmation. Two more questions then. One, how do we know how many folks are running in PPLNS, as this matters GREATLY in decision making for the hash power, and two, if you're a Trusted Miner (I am) do you get Bitcoin blocks inserted if you run in Proswitching mode for SHA-256? Or do you specifically have to choose Bitcoin for FPPS instead of all coins in the algo? And is there an extra step to be able to FPPS mine Bitcoin to get that approval? Thanks for the help!
daringone
Posts: 12
Joined: Mon Dec 06, 2021 10:39 pm

Re: Bitcoin PPLNS Questions

Post by daringone » Wed Feb 02, 2022 8:05 pm

dalr46 wrote: Wed Feb 02, 2022 6:35 pm
daringone wrote: Tue Feb 01, 2022 3:21 pm Hey all:

Just grabbed a new FutureBit Apollo BTC after waiting 6 months for delivery. FPPS is negative profitability right now with the coin prices in the tank, so I thought I'd do PPLNS with Bitcoin to try it out. I wanted to see if I understand this correctly. I've watched the video on PPLNS, and looked at the status for Bitcoin, and only see "First Round" with no other rounds. Has this pool NEVER found a Bitcoin block? Other coins show a history of PPLNS, and Bitcoin doesn't have this, so this is why I ask. Additionally, I don't see anything showing for how much hash power is being thrown at Bitcoin either. It would help immensely to know how many others are at this. Because if I'm literally the only person, or nearly the only person, throwing power at this, I'm going to solo mine and take the whole cake if I find it instead of sharing with people that aren't even mining anymore. (Again, if I understand this process right.)

Thanks for anyone that can shed light on this!

I have a few ASICs on Bitcoin PPLNS since at least August 2021. I'm going to keep at it!
Well, at least I know I'm not COMPLETELY alone! But I know there can't be many of us, since my share is increasing at a much higher rate than I get mining FPPS on another pool.
User avatar
OneOfThePetes
Posts: 57
Joined: Tue Oct 26, 2021 4:40 pm

Re: Bitcoin PPLNS Questions

Post by OneOfThePetes » Thu Feb 03, 2022 12:17 pm

I have noticed that the pool luck for the PPLNS BTC mining is gradually getting closer to 100%, which I believe would be the sweet spot.

At the moment we're at 434.99 %, which if I understand it correctly means that we are submitting over 4 times the amount of shares that would be required to find a block, on average.

Please correct me if I am wrong - I usually am wrong :D

I do wonder if I should be connecting to a server that is nearer to me (in the UK) - I didn't check to see if there are regional servers yet.
If there were, would connecting to one be more helpful?
I left because I hate the colour scheme.
Plenty of other mining pools out there that don't look as terrible.
User avatar
Steve Sokolowski
Posts: 4585
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Re: Bitcoin PPLNS Questions

Post by Steve Sokolowski » Thu Feb 03, 2022 4:11 pm

daringone wrote: Wed Feb 02, 2022 8:04 pm
Steve Sokolowski wrote: Wed Feb 02, 2022 6:23 am There have never been any PPLNS blocks of bitcoins mined. However, the pool has found many bitcoin blocks in FPPS mode over the years, but hasn't found any recently because FPPS bitcoin mining is only available to trusted miners right now.
Thanks for the confirmation. Two more questions then. One, how do we know how many folks are running in PPLNS, as this matters GREATLY in decision making for the hash power, and two, if you're a Trusted Miner (I am) do you get Bitcoin blocks inserted if you run in Proswitching mode for SHA-256? Or do you specifically have to choose Bitcoin for FPPS instead of all coins in the algo? And is there an extra step to be able to FPPS mine Bitcoin to get that approval? Thanks for the help!
Yes, bitcoin is mined by Trusted Miners in both modes. However, bitcoin isn't always the most profitable coin, and most Trusted Miners end up mining bitcoin cash for a lot of the time.

Unfortunately, the system doesn't currently collect or publish statistics about how many customers are mining in which modes, only the total number of customers. This feature has been asked for many times before; however, right now we are focused on hiring and on the rebranding effort, and will consider this feature during the summer.
User avatar
OneOfThePetes
Posts: 57
Joined: Tue Oct 26, 2021 4:40 pm

Re: Bitcoin PPLNS Questions

Post by OneOfThePetes » Fri Feb 04, 2022 3:50 am

Steve Sokolowski wrote: Thu Feb 03, 2022 4:11 pm Yes, bitcoin is mined by Trusted Miners in both modes. However, bitcoin isn't always the most profitable coin, and most Trusted Miners end up mining bitcoin cash for a lot of the time.

Unfortunately, the system doesn't currently collect or publish statistics about how many customers are mining in which modes, only the total number of customers. This feature has been asked for many times before; however, right now we are focused on hiring and on the rebranding effort, and will consider this feature during the summer.

Steve, thanks for your transparency.

It is very much appreciated.
I left because I hate the colour scheme.
Plenty of other mining pools out there that don't look as terrible.
User avatar
OneOfThePetes
Posts: 57
Joined: Tue Oct 26, 2021 4:40 pm

Re: Bitcoin PPLNS Questions

Post by OneOfThePetes » Sun Feb 13, 2022 8:08 pm

OneOfThePetes wrote: Thu Feb 03, 2022 12:17 pm I have noticed that the pool luck for the PPLNS BTC mining is gradually getting closer to 100%, which I believe would be the sweet spot.

At the moment we're at 434.99 %, which if I understand it correctly means that we are submitting over 4 times the amount of shares that would be required to find a block, on average.

Please correct me if I am wrong - I usually am wrong :D

I do wonder if I should be connecting to a server that is nearer to me (in the UK) - I didn't check to see if there are regional servers yet.
If there were, would connecting to one be more helpful?
Pool luck 414.83 % now :)
Getting closer within the infinite.

Hold strong!
Mine strong!

Good luck everybody!
(Pun intended)

:mrgreen:
I left because I hate the colour scheme.
Plenty of other mining pools out there that don't look as terrible.
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