Prohashing Mining Pool Forums
The most trusted, professional, and profitable mining pool.
| 1) Network Security |
| 2) Even out hashrate to keep block timings near 30 seconds for all blocks |
| 3) Energy Efficiency |
I apologize for not replying to this sooner, as I know that we were asked to weigh in.moonshot wrote:ATTENTION: NewYorkCoin Miners!
NewYorkCoin is considering a switch to AuxPoW.
Primary reasons are:see:
1) Network Security 2) Even out hashrate to keep block timings near 30 seconds for all blocks 3) Energy Efficiency
https://digiconomist.net/how-auxpow-aff ... in-mining/
https://www.reddit.com/r/dogecoin/comme ... on_merged/
CSZiggy wrote:NYC seems like it pops up a lot for the high profit coins.
If that gets moved to merged mining, how will that affect the profit of the coin.
If it lowers it, how will that affect the miners on the autopool payouts?
In theory you can merge mine with any (scrypt) coin as long as you are willing to do the coding required.CSZiggy wrote:Will merged mining NYC only be when litecoin is being mined or other coins as well?
I guess the idea of mining here is to mine coins that are worth MORE than litecoins so there is higher value than just mining straight litecoins.
NYC pops up as a higher than litecoin valued coin. If that is going to be subtracted and potentially be added to every litecoin mining pools merged mining lists then it would be even harder to get higher values than litecoin alone would be.
The pool targets the assignment of dynamic miners so that no more than 50% of the network is mined by us. In addition to avoiding control of any one coin, it also doesn't make sense for a single pool to mine more than 50% of the blocks. Otherwise, it just pushes up the difficulty of its own blocks, causing the coin to become less profitable. It mathematically makes more sense to mine less than 50% of the network and assign extra miners to slightly less profitable coins.moonshot wrote:NYC has been under sustained "attack" from miners coordinating on https://www.mining-dutch.nl/pools/newyorkcoin.php
This appears to be reflected in the hash totals here at Prohashing, 0.6% of hashrate yesterday vs 3% 6 days ago.
update Friday April 6:
Prohashing is now back in control of the hashrate, so my guess is, worst case scenario is probably 10 minute block times, not the hour+ long gaps we were seeing yesterday.
I know there were some issues here yesterday that may have been affecting PH contributions. It's just a theory, but I'm starting to believe the PH profitability algorithms are shielding NYC from larger disruptions.
#1 prohashing has mined 57.50% of the blocks with an estimated 106.04 GH/s and earned 4140000 NYC
#2 http://www.mining-dutch.nl has mined 26.25% of the blocks with an estimated 48.41 GH/s and earned 1890000 NYC
#3 Unknown-YIIMP-Pool has mined 6.53% of the blocks with an estimated 12.04 GH/s and earned 470000 NYC
#4 undefined has mined 6.25% of the blocks with an estimated 11.53 GH/s and earned 450000 NYC
#5 newyorkcoin.master
As opposed to the last day or two:
#1 http://www.mining-dutch.nl has mined 70.69% of the blocks with an estimated 202.72 GH/s and earned 5090000 NYC
#2 prohashing has mined 26.11% of the blocks with an estimated 74.87 GH/s and earned 1880000 NYC
#3 newyorkcoin.mastermining.net has mined 0.97% of the blocks with an estimated 2.79 GH/s and earned 70000 NYC
#4 nyc.mypool.club has mined 0.83% of the blocks with an estimated 2.39 GH/s and earned 60000 NYC
#5 https://hobbyistpool.ddns.net/nyc The Developers Pool has mined 0.69% of the blocks with an estimated 1.99 GH/s and earned 50000 NYC
Steve, I expect I need to view the statistics over a longer timespan, the numbers I used only covered a 360 minute period, so there is obviously a great deal of variance and your numbers are probably correct though at times PH has up to 90% during that 360 minute period.Steve Sokolowski wrote:
The pool targets the assignment of dynamic miners so that no more than 50% of the network is mined by us. In addition to avoiding control of any one coin, it also doesn't make sense for a single pool to mine more than 50% of the blocks. Otherwise, it just pushes up the difficulty of its own blocks, causing the coin to become less profitable. It mathematically makes more sense to mine less than 50% of the network and assign extra miners to slightly less profitable coins.
The remaining 7% of miners were solo miners, which we can't limit because they can just decide to switch to another pool when they want to mine NewYorkCoins.
Other pools, especially single coin pools, probably don't have the 50% limit in their code, so they simply mine as many blocks as possible and push up the difficulty as a result. That's why you see more volatility in those periods.
