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Ideas
Raven Viability
Admin, please educate miners with less knowledge on the subject of how mining this new coin is
" Supposed " to work out on CoinFoundry.
What this pool is lacking is a clear feedback on what miners can expect for their effort put forth. Are mined shares worth anything at all if there are not enough miners on the pool to make anything happen? These matters are not really clear or explained well on CoinFoundry.
Does all the effort on this coin that shows no results for weeks add up to RVN coins being paid out in the future or is it possibly all wasted?
If you make this clear, I feel you will have more miners sticking with the program rather than jumping ship.
This is the case with all coins mined on CoinFoundry and other pools seem to have a better system for giving miners feedback on what their efforts are producing.
Customer support service by UserEcho
Hi starcat,
I don't know about Raven but I know about PPLNS.
First I must say that CoinFoundry is a legit pool (not a scam).
I have mined here for the last 5 months and earned almost 5 XMR. I could have earned more if I didn't jump sporadically to help the VTC pool at beginnings.
You can check my stats here.
PPLNS was design with the assumption that miners that stopped mining at a pool were hoppers. But in real life that is not always true.
The last XMR block was the perfect storm: it required 777% effort but the reward window shrunk by a factor of 2 ( the difficulty past from 110-130B to 55B). Meaning it was a game of attrition. Only the last miners standing would get rewarded. I exhausted my allowed mining budget and had to shut my rigs off and rely on the pool to find the block. Because the diff was cut by 2... my reward (next to nothing) wasn't worth it, but finding that block was.
In the ends, I blame my management skills for putting all I got at the start of the round (which shares was all discarded at the ends).
@starcat: I appreciate your post. Well put. What concrete measure would you suggest to improve the points you have laid out?
Since, I am not an expert, an explanation of how the system works and why its good to keep mining that coin on the pool.
I do not see anyone else mining RVN at the moment. If no one is mining how are blocks going to be found? Can one guy with one or 2 rigs make that happen?
If its strictly all about the PPLNS noted above, I will have to get a better grasp of how that works. Also noted that when I have 2 machines running on RVN, one a pair of Vega 64s, the hashrate shows zero which is incorrect.
Understood. Is it just the current hashrate that's displayed wrong or is the hashrate graph over time wrong as well for you?
It appears to only be the current one when I have the high end machine with 2 Vega 64s running, it will make the current hashrate frame go to zero. I think the term hashrate seems accurate. It only happens when I connect that 2nd worker.
Thanks for all responses to my questions. This is the first I mined LTC on with my ASIC machines. I guess because of the PPLNS scheme its very hard to get a sense of anything happening in contradistinction to other pools.My current take on the PPLNS method is it actually encourages people to jump to other pools where they can see a concrete result for their power usage and effort. It seems like if there are not enough miners connected to actually find blocks, then the effort is wasted, as those shares will never pay out. So right now I'd have to say that the days I threw at RVN appear to be for naught. I may not understand the process correctly, but its possible to see RVN coins immediately on other pools also with not very many miners connected. This is bothersome. I feel like Coin Foundry does have some good things going nontheless. Its impractical to throw down for that kind of electricity and time with a zero result.
Thanks for all the assistance.
Sincerely
Star