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Wor3d

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Wor3d last won the day on October 13

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About Wor3d

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  1. Wor3d

    Beginner's guide to mining

    So, you decided that you want to try mining. If you already have a PC of some sort, great! You can download a miner and start mining nearly any cryptocurrency. Our pool currently supports many major CryptoNight based Cryptocurrency coins. This guide does not explain cryptocurrencies themselves; it is recommended that you understand them before you start mining them. 1. ASIC vs. CPU/GPU COINS (As of 9/2018) You probably know that coins like Bitcoin or Litecoin are not profitable to mine with a PC (CPU/GPU - Processor/Graphics card) because there are dedicated machines called ASICs which can mine much faster with much lower power consumption. This is the same with some of the Cryptonight coins. ASIC coins: Electroneum (CNv0 - original CN) Sumokoin (CNv0 - original CN) Karbo (CNv0 - original CN) CPU/GPU (Anti-ASIC) coins: Monero (CNv1*) *CNv1 sometimes referred to as CNv7 based on Monero's variant version Aeon (CNv1 lite) BitTube (CNv1 heavy) Haven (CNv1 heaven) - similar to Heavy Lethean (CNv1) Graft (CNv1) Loki (CNv1 heavy) Masari (CNv1 fast) - similar to classic CNv1 Ryo (CNv1) Stellite (CNv1 xtl) - similar to classic CNv1 TurtleCoin (CNv1 lite) *Soon to switch to CNv2 Technically you can start up a miner and mine ASIC coins, but we STRONGLY RECOMMEND that you don't do it. It is not worth your time, effort, components, electricity or anything else. If you want to own some of the ASIC coins, you should mine CPU/GPU coins and then use exchanges to convert between currencies. (Or buy ASIC, but they are expensive, noisy, harder to calculate profitability, etc., that is for another guide. Do NOT make an uneducated investment into ASICs) 2. Choosing a coin You can choose coin(s) to mine based on your preference (how much you like the project, or if you want to support the network), hardware advantages (different CPUs/GPUs have different hashrates for Lite/Classic/Heavy variations of CryptoNight). There is a comprehensive article about using sites to calculate profits. https://forum.hashvault.pro/topic/228-calculating-profit 3. Wallet vs. Exchange We usually don't recommend mining directly into an exchange (see table below), but it makes sense if you are using rental services such as NiceHash or miningrigrentals.com. Also, keep in mind some currency exchanges require you to use payment ID (to determine who deposited the funds). Local wallet Exchange wallet You own your private keys Exchange has full control of your wallet No interrupts (if you have the latest version) Wallets have maintenance time No withdraw fee (just transfer fee) Usually withdraw fee Just as safe as you make it (up to 100%) Vulnerable if exchange gets hacked Takes longer to sell coins Sell coins anytime you want 4. Setting up your mining software Please visit "Getting started" side menu link after selecting a coin to mine (https://www.hashvault.pro/) for a step-by-step guide. Also, check our guides section. 5. Monitoring For monitoring and fine-tuning (overclock, stability,...) use hashrates as reported by your miner (you can press "h" for manual hashrate report). The website uses your submitted shares to calculate your hashrate, but this method is not precise. Current and 1hr averages in the dashboard are dependent on your Rig's luck, but will average out over time (6hr or 24hr average). Luck (and momentary graph imprecision) will not impact your long-term earnings. Dashboard link (for Monero): https://monero.hashvault.pro/en/dashboard 6. Support and community You are welcome in our large and friendly Discord server. You can ask or answer questions, discuss news or just chill around with other miners! If you don't want to log-in, you can use the web widget on every of our coin pools websites. For more technical questions you can browse this forum, where you will find many technical and user-friendly explanations, guides, discussions, and FAQ. If you have a sensitive problem, you can open a support ticket (Under the "Support" menu link on every pool site), or send us an email.
  2. Wor3d

    What does "effort" mean?

    Pool / block "Effort" and "Luck" are different names for the same thing. We prefer to call it effort, as it is more descriptive. Block effort refers to one block only, overall/pool effort refers to averaged last block efforts. Current effort refers to block that is being mined right now (real-time effort, so to say). Effort is measure how many hashes our pool made to find a block. If a block was found exactly when predicted (based on global hashrate, pool hashrate and block time/difficulty). Each block has its own "luck". Longer block = higher effort. Efforts more than 100% means we were unlucky, efforts less than 100% mean we were lucky and found a block sooner than expected. If the pool functions properly, the overall effort stabilizes and stays around 100%. Pool having lower/higher effort does not tell about its quality or future luck! Mining is very unpredictable, and sometimes we may have few blocks in a row with high effort (even as high as 300%+). This is normal and expected. We can also get a few blocks with extremely low effort. So the short-term incomes may vary. Again, if you are mining for a long time in the same pool, you are only concerned about the overall averaged effort.
  3. Wor3d

    Beginner's guide to mining

    So, you decided that you wanna try mining. If you already have a PC of some sort, great! You can download a miner and start mining nearly any cryptocurrency. Our pool currently supports many major CryptoNight based Cryptocurrency coins. This guide does not explain cryptocurrencies themselves, it is recommended that you understand them before you start mining them 1. ASIC vs CPU/GPU COINS (As of 9/2018) You probably know that coins like Bitcoin or Litecoin are not profitable to mine with a PC (CPU/GPU - Processor/Graphics card), because there are special machines called ASICs which can mine much faster with much lower power consumption. This is the same with some of the Cryptonight coins. ASIC coins: Electroneum (CNv0 - original CN) Sumokoin (CNv0 - original CN) Karbo (CNv0 - original CN) CPU/GPU (Anti-ASIC) coins: Monero (CNv1*) *CNv1 sometimes reffered to as CNv7 based on Monero's variant version Aeon (CNv1 lite) BitTube (CNv1 heavy) Haven (CNv1 heaven) - similar to Heavy Lethean (CNv1) Loki (CNv1 heavy) Masari (CNv1 fast) - similar to classic CNv1 Ryo (CNv1) Stellite (CNv1 xtl) - similar to classic CNv1 TurtleCoin (CNv1 lite) *Soon to switch to CNv2 Technically you can start up a miner and mine ASIC coins, but we STRONGLY RECOMMEND that you don't do it. It is not wort your time, effort, components, electricity or anything else. If you want to own some of the ASIC coins, just mine CPU/GPU coins and then use exchanges to convert between currencies. (Or buy ASIC, but they are expensive, noisy, harder to calculate profitability etc., that is for another guide. Do NOT make uneducated investment into ASICs) 2. Choosing a coin You can choose coin(s) to mine based on your preference (how much you like the project, or if you want to support the network), hardware advantages (different CPUs/GPUs have different hashrates for Lite/Classic/Heavy variations of CryptoNight). There is comprehensive article about using sites to calculate profits. https://forum.hashvault.pro/topic/228-calculating-profit 3. Wallet vs. Exchange We usually don't recommend mining directly into exchange (see table below), but it makes sense if you are using rental service such as NiceHash or miningrigrentals.com. Also keep in mind some exchanges require you to use payment ID (to determine who deposited the funds). Local wallet Exchange wallet You own your private keys Exchange has full control of your wallet No interrupts (if you have last version) Wallets have maintenance time No withdraw fee (just transfer fee) Usually withdraw fee Just as safe as you make it (up to 100%) Vulnerable if exchange gets hacked Takes longer to sell coins Sell coins anytime you want 4. Setting up your mining software Please visit "Getting started" side menu link after selecting a coin to mine (https://www.hashvault.pro/) for a step-by-step guide. Also check our guides section. 5. Monitoring For monitoring and fine-tuning (overclock, stability,...) use hashrates as reported by your miner (you can press "h" for manual hashrate report). Website uses your submitted shares to calculate your hashrate, but this method is not precise. Current and 1hr averages in the dashboard are dependent on your Rig's luck, but will average out over time (6hr or 24hr average). Luck (and momentary graph imprecision) will not impact your long term earnings. Dashboard link (for Monero): https://monero.hashvault.pro/en/dashboard 6. Support and community You are welcome in our large and friendly Discord server. You can ask or answer questions, discuss news or just chill around with us and other miners! If you don't want to log-in, you can use the web widget on every of our coin pools websites. For more technical questions you can browse this forum, where you will find many technical and user-friendly explanations, guides, discussions and FAQ. If you have sensitive problem, you can open a support ticket (Under the "Support" menu link on every pool site), or send us an email.
  4. Wor3d

    Calculating profit

    There is often a discussion about profitability and calculating expected income. But many times calculations turn out to be imprecise. Let's introduce few ways to calculate and analyze mining profit. 1. Manual calculations You can try and calculate expected profit by yourself. For this you need to know your hashrate, global hashrate, blocks per day (24h*60min(=1440) / block time in minutes) and average block reward (newly mined coins + variable tx fees). The formula for daily income is (YourHashrate*BlocksPerDay*AvgBlockReward) / GlobalHashrate Example: Coin: XMR My hashrate: 1kH/s avg Global (network) hashrate: 600MH/s avg Block time: 2min -> 720 blocks/day Block reward: ~3.85 (as of 9/2018, together with tx fees) (1,000 * 720 * 3.85) / 600,000,000 = 0.00462 XMR/day 2. Calculator sites You can use one of many sites with profit calculations. We have a simple profit calculator on every pool's "Dashboard". As an external site I can recommend these sites: CryptUnit (personal favorite) WhatToMine.com Crypto Coins Calculator You enter your hashrate, source of mining (GPU/CPU) - based on this the site calculates your hashrate for other CN variants (it is a GUESS! Make your own tests, depends on exact hardware) As of today, putting 1kH/s speed calculated me 0.0046 XMR/day earnings (0.5% error and my averages were more or less eyeballed from graphs and block history). 3. Analyzing calculations, error margins But wait! I did this, and I got much less! Well, there are many things that go into this. Mining time - If you mine for a short period of time, there are more things that can influence your earnings. Effort (luck) of those blocks might not be 100%. Longer you mine, more precise predictions will be. Coin price changes in fiat - Coin price affects number of mined coins a lot. It dictates global hashrate (people jumping to more profitable coins), and the way number of mined coins. Network hashrate fluctuations - Global (network) hashrate changes all the time. This affects your earnings probably the most. Look at the difficulty/hashrate graph (essentially the same thing but different units). If it went up, you will earn less and vice versa Luck - Yes, this is still mining. There will always be the luck factor. But as I said, if you mine the same thing for a long time, luck factor averages out. 4. Summary Profit calculators are great, but don't expect they will be 100% accurate. Be conservative, expect maybe 80% of that. Observe trends, changes, and try to have count with that. Also keep in mind your electricity costs
  5. Wor3d

    What is a PPLNS window?

    Let's start by explaining what PPLNS payment system is by explaining its predecessor - PPS system first. When you mine, you find "shares" - solutions to a new block that are not quite enough to be valid, as the difficulty is too low, but big enough for proving your work. PPS is Pay Per Share - for every share you submit (and its difficulty) you get paid. Pool operators absorb all "luck or no luck" of the pool, usually having higher mining fees, so your payouts are more consistent. This system is not perfect, it does not punish pool hoppers, etc. Also in the long run you are loosing money because of the higher pool fee. PPLNS stands for Pay Per Last N Shares. Unlike PPS, this payment system initiatives miners to be loyal, and binds the mining community, because pool hopping is not worth it. In the long run (month+), PPLNS is superior to PPS for both miners, pool and community. PPLNS pays out when the pool finds block, and the payout from each block is divided evenly, based on number of shares*difficulty in the given PPLNS Window (time-span when your shares count to the payout round). When pool does not find a block for a long time, the PPLNS window is prolonged, so your shares were not wasted. When pool finds blocks fast, the PPLNS window is shorter. All and all, this system is fair to everyone.
  6. If you can see it in the blockchain explorer, there must be a fault somewhere in your wallet. Ensure that you have latest binaries of wallet, downloaded directly from team Loki's website. Alternatively, you can use a daemon node instead of syncing with the whole chain. We have one for loki at nodes.hashvault.pro:22023
  7. Wor3d

    XMR Payment Issue

    Hello. Your address is an "integrated address" meaning there is also payment id in it. Which means your address is probably linked to some exchange. Default payment threshold for exchanges / using payment ID is 1 XMR. You can change that if you want, just log in into the dashboard, change the value and log out (you need to log out after changing the value, there is a small bug currently - We are working on it).
  8. Wor3d

    password

    Hello, what did you put into config? If you want to log-in into the page, your password should look like minerName:email@email.com. Then in the dashboard, email is a password.
  9. Wor3d

    What does "effort" mean?

    Pool / block "Effort" and "Luck" are different names for the same thing. We prefer to call it effort, as it is more descriptive. Block effort refers to one block only, overall/pool effort refers to averaged last block efforts. Current effort refers to block that is being mined right now (real-time effort, so to say) Effort is measure how many hashes our pool made to find a block. If a block was found exactly when predicted (based on global hashrate, pool hashrate and block time/difficulty). Each block has its own "luck". Longer block = higher effort. Efforts more than 100% means we were unlucky, efforts less than 100% mean we were lucky and found a block sooner than expected. If the pool functions properly, the overall effort tends to go and stay around 100%. Pool having lower/higher effort does not tell about its quality or future luck! Mining is very unpredictable, and sometimes we may have few blocks in a row with high effort (even as high as 300%+). This is normal and expected. We can also get a few blocks with extremely low effort. So the short-term incomes may vary. Again, if you are mining for a long time in the same pool, you are only concerned about the overall averaged effort.
  10. On the site I can see some "effort" value in %. Some pools have similiar value called luck. Are they the same thing? And what do they mean? Higher - better? Or the other way around?
  11. Here is the xmrig proxy ready for download https://github.com/xmrig/xmrig-proxy/releases You can find instructions and explanations of the functions on the GitHub page, just look around
  12. Wor3d

    Recommendations on new rig hardware

    What is your budget and coin/algorithm?
  13. Wor3d

    socket error

    I got this error too, not sure what caused it... But on +-3rd attempt it connected succesfully. A way to solve it is to have backup pools set, so if you somehow get an error, you won't loose money. But you will get connected back shortly! ...if everything you set was indeed correct
  14. Also try command "show_transfers" (without quotes), to show if some attacker didn't get your private key and transfered your coins somehow.
  15. Wor3d

    Monero pool - something wrong

    Keep that magic spirit for later use
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