Status as of Sunday, April 17

[Steve Sokolowski]

Good morning! Here's some news on a few changes that will be rolling out soon.

• In the blog, you can read a description of how we are improving orphan rates on coins we mine. The mining server changes have already been deployed, but not all coins have been recompiled. More coins will be recompiled in the coming days. Miners will see those coins' orphan rates declining, resulting in more profit and a greater likliehood of those coins being chosen, but it could take a week before all coins are finished.
• A major change to the earnings page is in testing, and Chris plans to release it in the coming days. There are a number of improvements.
• First, the boxes on the earnings page were reordered so that all the mining information is on the left, and all the earnings information is in the right column. Our end goal is, as several customers have requested, to someday allow the order of boxes to be changed and saved.
• Second, the "mining efficiency" speedometer has been modified. The "accepted hashrate" and "rejected hashrate" numbers have been removed, because they were delayed numbers - and live numbers are now available elsewhere. The different values were contributing to confusion.
• Third, a new "rejected share reasons" table was added to the earnings page. This new table lists the reasons why shares have been rejected, making it easy for users to determine the most common problems with their miners, if there are any.
• Fourth, the total live hashrate is now displayed in the header of the "live worker status" box. This live value replaces the previous average value from the "mining efficiency" dialog, and "live worker status" was moved up to the top, since it is the most important information for a person who wants a quick status update of their equipment.
• In the coming days, I'll be making some improvements to the mining server that will allow more configuration values to be hot-updated, so that fewer restarts are necessary. I also plan to implement several customer-requested features, like the ability to delete "dust" balances and dealing with a "shares delta" problem at Nicehash.
• We also plan to release a "live API" that pushes, rather than pulls, profitability updates, coin economics, and miner balance data. This "live API" will make it possible to, for example, monitor our profitability while polling NiceHash's orders, and automating the purchase of hashrate for minutes at a time to earn profit.

[excelerator]

That's great news! Have been watching Wildbeastbitcoin orphan rate now for days and it's ~90%.

[Chris Sokolowski]

I just enabled selfish mining on WildBeastBitcoin. I'm not sure how effective it will be on WildBeastBitcoin because the network difficulty is so high. We have to find two consecutive blocks for us to reverse an orphan, and with a difficulty that high, the chances of us finding two sequential blocks is small.

[excelerator]

So is the long term answer that we need to grow the pool so we increase our chances? It seems to me that if we can come up with, and publish, the optimal Titan & A2 configurations, we can then actively promote the superiority and simplicity of Prohashing by targetting the high MH devices to grow your share where we can get on top of finding two consecutive blocks with regularity.

[Chris Sokolowski]

Yes, if we want to reduce the WildBeastBitcoin orphanage rate, a higher pool hashrate is likely to do that. That said, a higher hashrate wouldn't necessarily change profitability. What you would see as our hashrate increases is that our orphanage rate would go down, but we also would be forced to distribute the increased hashrate to less profitable coins, so I predict that overall payout per MH/s would stay about the same.

[excelerator]

Interesting - so the market elasticity plays at least as big a part as the pooled hash rate. I've unscientifically observed that it's the higher value coins that are being selfishly mined, so effectively the same thing is currently happening at the current hashrate as only the less profitable coins actually move to "Mature". Like so many things, it's grow or die!

[excelerator]

I noticed the majority of recent WildBeastBitcoins are moving to "Mature" instead of "Orphaned" which is an excellent development.