How can we improve Bitcoin/Litecoin/Dogecoin Miner?

Transperancy

Show the data in the MS-Windows® Store app.
What would we like to see?

Number of Mhashes/s about the pool
Number of (concurrent) users in the pool
Honest payout variables. Last week the Bitcoin reached $10.000 for a while. Eversince the yield dropped from an average of 0.21 sathoshi to 0.17 satoshi. Meanwhile the Bitcoin dropped back/down from 10.000 to 8.000 again, but yield did not go back to 0.2/0.21/0.22 satoshi.

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    FreeBee64 shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

    19 comments

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      • AdminAlex (CEO / Founder, GroupFabric) commented  ·   ·  Flag as inappropriate

        @ Matteo - it's a fair concern, we did do some upgrades over the past two weeks and yields have improved slightly. There's been an overall recession lately however we're continuing to work on improving yields.

      • Matteo Lovato commented  ·   ·  Flag as inappropriate

        Alex, sorry for complaining, but with this bitcoin price yield is too low, one year ago with BTC under 7000$ yieal was 0.2; now it is under 5000$.... another BTC drop and we are mining for free.

        @ Owen, use your tower Pc to run multiple instance VirtualBox machines win Win10 and a Miner in Power Saving mode.

      • Owen Dack commented  ·   ·  Flag as inappropriate

        I've been running a test with 3 different platforms running this app at different hash rates and am finding it pretty odd that the yield from a tablet running 2kh/s in 24 hours is only slightly lower than the yield from my tower PC with a twin core 1gb GPU card running at 75+kh/s for the same length of time. I realise the yield is mostly down to the shares but shouldn't it have a significantly higher yield at 30 times the speed? Also Where is the transparency over what happens if a member of the pool hits on a block and earns 25BTC? What happens in that instance? does it go to the pool or the people running the pool?

      • Matteo Lovato commented  ·   ·  Flag as inappropriate

        Hi Alex, bitcoin price is falling down... Can you increase yield? Mining doesn't worth the energy cost..
        Thanks

      • AdminAlex (CEO / Founder, GroupFabric) commented  ·   ·  Flag as inappropriate

        Yields have already gone up - also global mining difficulty is significantly higher than it was months ago which negatively affects yields.

        What will have the largest positive impact on yields is when we can get more mining engines online that support more currencies which is what we're currently working on.

        This is not something you can wish into existence. It takes months of real R&D to do.

      • Matteo Lovato commented  ·   ·  Flag as inappropriate

        "Honest payout variables. Last week the Bitcoin reached $10.000 for a while. Eversince the yield dropped from an average of 0.21 sathoshi to 0.17 satoshi. Meanwhile the Bitcoin dropped back/down from 10.000 to 8.000 again, but yield did not go back to 0.2/0.21/0.22 satoshi."

        Hi Alex, this was the situation 2 months ago; now the BTC value is the same but yields back then was 0.2, now always 0.1... What news about the improvement?

      • Matteo Lovato commented  ·   ·  Flag as inappropriate

        There is any chance that this "black January" for cryptocurrencies increases the yield?

        Right now doesn't worth the electricity cost...

      • AdminAlex (CEO / Founder, GroupFabric) commented  ·   ·  Flag as inappropriate

        Yields are also affected by Bitcoin network fees - the Bitcoin network clears approximately 2000-3000 transactions every 10 minutes, and there are over 100,000 transactions in Bitcoin's queue right now. This number increases or decreases depending on how many people are sending transactions. For up to date stats on this, please see https://jochen-hoenicke.de/queue/#24h

        When fees are high yields will also go down, at the moment fees have been exceedingly high for the past two months.

      • Anonymous commented  ·   ·  Flag as inappropriate

        thnx for more insite on how difficulty to yield works out could you do one for the min. payout at 5,000 please for any within week usd rate

      • Matteo Lovato commented  ·   ·  Flag as inappropriate

        "The default pool in Bitcoin Miner is a multi-pool, where it has your miner mine whatever is most profitable for your PC/Phone, and then converts it over to Bitcoin"

        Now I have a clear idea of what a multi-pool is. So we probabily don't mine btc directly but other crypto currency more profitable, so the revenue is converted in btc and then paid.

        Thanks again for your explanation.
        Good job!
        Matteo

      • AdminAlex (CEO / Founder, GroupFabric) commented  ·   ·  Flag as inappropriate

        The default pool in Bitcoin Miner is a multi-pool, where it has your miner mine whatever is most profitable for your PC/Phone, and then converts it over to Bitcoin.

        Fees are good if they are on the currency you are mining (converting from - these add to the yield).

        Fees are bad if they are on the currency you are receiving (converting to - these remove from the yield and can slow payouts).

        Directly mining Bitcoin's SHA-256d hash algorithm would unlikely be profitable to PCs and Phones due to the extreme competition from datacenters filled with ASICs, coupled to dedicated power plants.

      • Matteo Lovato commented  ·   ·  Flag as inappropriate

        I wan't to be a "ball breaker" but I doon't undestand 2 things:

        1) looking your link I undestand that with high congestion more fee is paid; this (for what I undestand) means more fee for miners. Am I wrong?

        2) every block mined release 25 BTC in a indipendent way from the BTC price; why here yield moves with the price?
        Thanks in advance for your reply.
        Matteo

      • Matteo Lovato commented  ·   ·  Flag as inappropriate

        BTC price are going down, Yield shouldn't rise up? 0.14 at least...
        Why you don't make a table with a reference?
        e.g BTC 10000$ - Yield 0.2
        BTC 13000$ - Yield 0.17
        etc..

        Thanks.

      • AdminAlex (CEO / Founder, GroupFabric) commented  ·   ·  Flag as inappropriate

        More math needed.

        Bitcoin dropped from 10k$ to 8k$ for ~10 minutes, then went up to 11k$/BTC.

        The yield of 0.2 Satoshis / Share @ difficulty 1 was at 7k$/BTC.

        The yield of 0.17 Satoshis / Share @ difficulty 1 represents a 15% drop, however going from 7k$/BTC to 11k$/BTC represents a 57% gain.

        Complaining about a 15% yield reduction when the underlying asset has experienced a 57% gain in short period of time doesn't make sense, since you're still earning 33% more (1.57 * .85 ~= 1.33).

      • Matteo Lovato commented  ·   ·  Flag as inappropriate

        Yield should go back to 0.2 at least...
        I don't undestand if are you that set manualy the yield or if there is an algorithm that changes it.

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