Ghash.io/Cex.io double LTC rewards for 1 week

so after mining and seeing some payouts to my account, is there a specific place to go to see the 2X or 1.25x bonus they are paying? or is that already rolled into the payout per shift?

After some quick math, I'ld still only be clearing 1LTC every 24hours with my ~5.2Mhash pointed at them. Which is the exact same amount I would get in my regular LTC pool (coinotron)

anybody know what I'm missing here?
 
It's shown on the main LTC page. Currently 1.25x because the total hashrate just went from 25Ghs to 46Ghs.

Some multipool must have jumped back in.
 
yeah I only maybe had 2 or 3 hours of mining while it was <25Ghash.

*shrugs* a 25% bonus is better than nothing -- LTC is the main coin want to mine/hold anyway.

Was just curious if there was a way to see your legit pay out and then payout after bonus.
 
Yea it's kinda hard to calculate exactly what you should be getting with the bonus going back and forth...not to mention the 3 hours of whatever the Hell earlier.

And yea with Houbi coming online in a few days, I think this is the best option for profitability right now.
 
mkrohn said:
they should just block the wafflepool username and call it good or I guess we should point at wafflepool?
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while it would be nice if they blocked the other multipools from getting in on this, from their perspective they probably love it.

I think they grossly underestimated how much power they would have pointed their way during this 5 day promotion of theirs. And this modified reward system they invented on the fly solves their problem of NOT pulling the promotion, but also NOT having to pay out a TON of coins over the next few days from people wanting instant profit boost. Also helps mitigate the 51% attack problem.

While I'd love 2X all the time - if I was the one running the pool I'd have done the same thing, it's still kinda nice to have a boost, but won't make them go broke or jack up the entire LTC crypto network.
 
collegeboy69us said:
And this modified reward system they invented on the fly solves their problem of NOT pulling the promotion, but also NOT having to pay out a TON of coins over the next few days from people wanting instant profit boost.
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I'd have implemented the system from the start. Not too difficult to figure out where everyone and his dog was going to end up in a downtrending market when the 2x reward promise showed up ;)

Now that 48 hours has passed, I attempted an LTC withdrawal to my wallet. Shows up as being successful at CEX.io, but 45 minutes later still no sign of it. I might be checking out real soon and going back to Clever.
 
I made my account Mar 13th at about 9pm or so, and was able to withdraw to wallet last night (Mar 15th) when I tried about 11pm. I converted LTC to BTC on CEX though, so that may make a difference.
 
Wolf -- have you checked the blockchain for your transaction. Nice thing is you can go snooping for your money if you think something is up :)

Downtrending market is a toss up though -- LTC had had some incredible gains in the past 12 hours. Not to 40 dollars mind you but it was 17.50 last time i checked this morning (at work all day so bleh)

GOX and a few other things have surely shaken things up the past month, but as we have seen many times before it bounces back and often shoots sky high later on. I suck at being patient with anything electronic, but Im getting better about mining/buying and then just holding for that perfect time. Could be weeks or even months. Nobody knows which why it makes it so funny when people said BTC could never be worth anything, people freaked when it was 20 dollars, lost their minds at 100, and at 1000 hah well you know how it goes.

The hobby pays for itself (many times over if you are good at it) so I just kick back and enjoy the ride up or down :)
 
collegeboy69us said:
Was just curious if there was a way to see your legit pay out and then payout after bonus.
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They just added the multiplier to the block value. A normal LTC block value is ~50. Hit the GH icon upper left of the workers page. Scroll down to the "Last Blocks" area. Any block that has a value of 62.x is at 1.25 multiplier. Any block that has a value of 100.x is at 2 multiplier. Times on the left are in real time, but in UTC so subtract hours for your time zone.

For example, the reward went from 2 to 1.25 on block 532027 at 00:53 UTC this morning. Your rewards on the right column from that block up should be about ~60% of what they were on blocks before that assuming your hash stayed the same. If you want to see what your base payout would've been you'll have to do the math and divide by 1.25 or 2, whichever is applicable.
 
Resolved with some assistance from the CEX.io support team. Wallet thought it was synced but it really wasn't.

Some nice people working there.
 
Looks like we're gonna be stuck at 1.25 for the rest of the promotion. Floating around 45gh. :(
 
Bonksnp said:
Looks like we're gonna be stuck at 1.25 for the rest of the promotion. Floating around 45gh. :(
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Currently being at 1.25 isn't so bad. Clevermining has been between 105-97% LTC profitability today and I imagine other multipools are having similar issues. 2X was great, but 1.25 is still better than any other prospect that I can see at the moment.
 
It is what it is. Now that I've confirmed I can get my earnings out of there, I'll be with them all week probably. Or at least most of the week. Had plans to give Vertcoin a go this week too.

That said, it looks like the whale got out of the pool for a while.

Edit - maybe for a good reason. 38 minutes on this current block.
 
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I keep on seeing random ltc blocks that show I have no shares of and no payouts. Anyone else seeing this? I'm wondering if perhaps my miner is switching to the backup pool during these shares.
 
I'm not seeing that, but I am seeing rather frequent disconnects. Ghash.io needs another stratum server for failover purposes ;)

I currently don't have a failover set up for them. If my rigs aren't mining there, they're idle.

Glad to see that long block from earlier today actually paid out in the end.
 
No disconnects or missing payouts here.
Very stable from where I sit.
 
I have also had a pretty steady mining experience here.

I have issues trying to get a payout now though. Every amount I try to withdraw from my pool account, no matter what the value is, it says "Insufficient Funds". I've got a support ticket open for this right now.
 
At this rate I will have mined my 1st LTC by the end of the promotion! I'm totally serious here guys :cool:
 
Good here for the most part. The strange thing is how the pool will do great for quite a while, then randomly gnaw on one block for an hour+ showing no apparent payout, and later the block somehow unfucks itself.

I would guess this stuff happens all the time wherever we mine, we just usually don't have the in-depth info we have here in order to see it anywhere else.
 
I'm loving the pool -- will be sad when the promotion period ends, but it's a solid pool. Fast, clean, usable stats no odd work disconnects.

Even after it goes back to 1X all the time I will probably keep my 5Mhash (soon to be 7) pointed at that pool when I feel like mining LTC.


Edit: holy crap this last block on Ghash.io -- sitting at an hour so far. Granted we will probably get paid for it, but something like 0.007 for me (~5Mhash running)

wish there was a way for my miners to know when your are stuck on a block for 30+ minutes to auto switch to a different pool.
 
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I'm also seeing this issue where my miner is stuck on a block. I wonder what's causing this. I might try restarting the miner.

collegeboy69us said:
I'm loving the pool -- will be sad when the promotion period ends, but it's a solid pool. Fast, clean, usable stats no odd work disconnects.

Even after it goes back to 1X all the time I will probably keep my 5Mhash (soon to be 7) pointed at that pool when I feel like mining LTC.


Edit: holy crap this last block on Ghash.io -- sitting at an hour so far. Granted we will probably get paid for it, but something like 0.007 for me (~5Mhash running)

wish there was a way for my miners to know when your are stuck on a block for 30+ minutes to auto switch to a different pool.
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Having withdrawal issues again today... just didn't work at all this time. The site just sat there doing nothing and the funds have not left my account. Tried again, won't even send the SMS code now.

Got another support ticket in. Meantime, Cleverpool is now reporting 124% LTC profitability. Tempting...
 
CM also went to single payouts per day that hit around 2030 CST.

Also nearly back to .007 BTC/MHs mark.
 
Has anyone bought any of the GHs or understand what they are? From my understanding when you buy one it continues to mine bitcoin for you forever. I bought one just for shits 'n' giggles and have it making me about 0.00016930BTC every 24hours or so. All I did was buy it. I bought 1 of them with my litecoin mining earnings.. I converted LTC to BTC On cex.io and then bought a GHS.

Has anyone else purchased any of these and/or understand how they work?? :p
 
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You're basically buying hashrate, CEX is selling it after buying it from ASIC owners (or from their own mining machines).

It's inflationary though, that same hash will earn less and less with each difficulty increase.

Oh, and Oklahoma, the reason CM/Waffle/MP/HC are all reporting better results this week? They've all been using a proxy to mine at GHash at various times. So CM earnings will drop back down to shitstown again on Friday, unless there's some big shift in the alt market in general. Also doesn't hurt that LTC is hot this week, in anticipation of it being listed on Houbi.
 
Interesting. I bought a few more and I'm just gonna let them do their thing. I like the concept of paying one time to have hash power forever, instead of having to rent it and pay by the hour! I understand that the difficulty and mining spikes/falls will affect it, but its still pretty cool to make some monies doing absolutely nothing and costing me to electricity.. Innovative concept :p

Croak said:
You're basically buying hashrate, CEX is selling it after buying it from ASIC owners (or from their own mining machines).

It's inflationary though, that same hash will earn less and less with each difficulty increase.

Oh, and Oklahoma, the reason CM/Waffle/MP/HC are all reporting better results this week? They've all been using a proxy to mine at GHash at various times. So CM earnings will drop back down to shitstown again on Friday, unless there's some big shift in the alt market in general. Also doesn't hurt that LTC is hot this week, in anticipation of it being listed on Houbi.
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For the ROI nerds like myself.

I just bought 1gH at 0.01309102 BTC... Equivalent to $8 (via preev.com)

According to current difficulty that makes me about $0.08 a day... So I'll have my money back in a 100 Days, LOLOL.

I dunno, maybe at that time it will look like a wise decision ahha. The nice thing is you can sell these suckers like a commodity if you dont ever want them :p
 
anarchyx said:
For the ROI nerds like myself.

I just bought 1gH at 0.01309102 BTC... Equivalent to $8 (via preev.com)

According to current difficulty that makes me about $0.08 a day... So I'll have my money back in a 100 Days, LOLOL.

I dunno, maybe at that time it will look like a wise decision ahha. The nice thing is you can sell these suckers like a commodity if you dont ever want them :p
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Except you've got difficulty increasing pretty regularly and have to pay a "maintenance fee" on that hashing power.
 
Parja said:
Except you've got difficulty increasing pretty regularly and have to pay a "maintenance fee" on that hashing power.
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True... Gonna see how it pans out over a few weeks, and then potentially sell it, was just for experimentation.
 
Croak said:
Oh, and Oklahoma, the reason CM/Waffle/MP/HC are all reporting better results this week? They've all been using a proxy to mine at GHash at various times.
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Wouldn't surprise me. Even so, it's been easier getting payouts from CM than Ghash. Finally got this latest issue sorted again, so I might switch back for the rest of the promo.
 
anarchyx said:
Has anyone bought any of the GHs or understand what they are? From my understanding when you buy one it continues to mine bitcoin for you forever. I bought one just for shits 'n' giggles and have it making me about 0.00016930BTC every 24hours or so. All I did was buy it. I bought 1 of them with my litecoin mining earnings.. I converted LTC to BTC On cex.io and then bought a GHS.

Has anyone else purchased any of these and/or understand how they work?? :p
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Hmm, I don't remember if it was this or a different forum where I posted about this, but I did buy a GHS from CEX.io that mined BTC (I bought it using LTC mined from my GPU), it was cool to see that it was always mining and that I could put in buy/sell orders to trade it as a commodity, but in the end I lost a bit of money as the difficulty ramped up and the price BTC/GHS went below what I purchased the original 1 GHS for and the mining income did not make up the different. It was only a few bucks though. OTOH, if you day trade you can make money on GHS (I'm not a good day trader, I'll admit heh) and if you buy now and the mining difficulty goes /down/ (not likely but yeah..) then the price/value of your X amount of GHS should go /up/ and you can make money that way. The actual mining does not seem to be a money maker as the difficulty climbs too fast to make ROI even using their own calculator (heh). You are essentially buying a slice of hashing power that will mine fewer coins as difficulty rises, and more coins as difficulty falls, and when buying a GHS with the intent of making money, you are betting that difficulty will fall and the value of your hashing power will rise. There is no guarantee there though, obviously.

In the end, I lost a couple bucks from the initial buy to the final sell (I won and lost some day trades and sold the mined coins as well) and chalked it up to a neat experiment. I liked their site and interface, but difficulty seems to only go up, up, up with BTC so.. yeah. I hope it helps :).
 
Up until today the site has been super easy to use and no issues.
Today however I cannot get the Trade page to show much of anything.
Maybe it's my work PC access that's hosed but I've made trades there, from here the last few days.
Anyone else?
 
I traded yesterday just fine (from my work computer). Haven't tried today.
 
Yeah, been selling off my mined LTC for BTC each time it spikes above .032 (almost hit .034 last night :eek:) and haven't had any problems at all.
 
It actually did hit .034 at least once yesterday. I was also selling at .032.
 
I'm holding my LTC until it hits $100. :D :rolleyes:




ya, right... I was just at work and missed the spike... oh well. :(
 
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