Bitcoin Forum

Why would some chose to mine at Discus Fish compared with other pool that charge a much lower fee? I mean 4% is a very significant cut into profits. Is PPS really that much better than PPLNS?

Possibly because it is one of the biggest pools located in China, which has many miners. With the Great Firewall of China, a Bitcoin miner is limited to the pools within the country, and thus join Discus Fish since it is one of the largest pools.

They have a rock solid setup in China.  So with all the adoption of miners there some have picked it with a known amount of earnings.  Even with high fees you can guarantee a certain level of earning.

I do predict Antpool becoming for lack of better term "king".  It is estimated only 1 percent less then F2pool - https://blockchain.info/pools
 

For example AntPool doesn't charge a fee and is also located in China, yet they seem to be a bit less popular than Discus Fish

Look at the comparison - https://blockchain.info/pools

They are not that much less popular at this point.

It has nothing to do with the Great Firewall. No major western pools is blocked in China. I suppose the reason why Chinese miners do not choose western pools is probably due to poor advertisement and localization.

And as far as I know, more than half of antpool's hashing power is from bitmain's private mining farm. While F2Pool does not have a single GH/s of private hashing power.

let it be noted mac book air runs the f2pool thread here.

I mine a lot at f2pool   why ? no variance and they pay once a day.

bitcoin affiliate pool was better but they started paying very slowly.

My margin of mining is very tight  mining at a 2 or 3 ph pool and waiting 4 days for a block maybe even 5 days does not cut it for me.

A small pool can go with 90% for a month in a row.  even worse .  so a perfect 96% looks better then a bad 90%

i think just because discush fish using fix pps payout,
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i stop using f2pool and change to antpool because too many disconnect / dead status..

With antpool doing good on luck I do see a good amount of hash jumping there.    It lost some during the DDOS attacks, but seems to have gained it back.

Just out of curiosity where is your miner located?   I think f2pool is pretty well set up.

if antpool in good luck, or just 100% is equal with 0% pps.
with 2 s5, i get 0.02854658BTC in antpool 2 days ago..
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im in indonesia, but my connection is using vpn connection from digitalocean singapore.

That would be a mix of no fees, and good luck.

The VPN you are using is what made the connection bad to pool.  I wont go off topic more and ask about it more.

4% is a significant cut indeed, but they seem to have some advantages compared to others. Convenience trumps payments sometimes.

I am just curious but why do you have to use a vpn while mining?

PPS is good for farms because it guarantees a payment for every share and income is stable. It is that much easier to estimate monthly profit and decisions can be made to increase mining capability or downsize. Transfer of risk has a cost and it's 4%.

Antpool and f2pool are tied right now - https://blockchain.info/pools

I think my prediction of antpool taking no 1 spot is going to be right.

Yea 4% is hard to compete with 0% pool fees

sometimes i do solo mining in solo.ckpool.org when i see the stat of solo.ckpool in high pool state
by using vpn, i think i can bypass many connection before reach the ckpool server
so i think i will get higher chance to get block
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sorry oot.

I do point some of my hash there and think of it as getting consistent payouts at 96% luck with PPLNS.

i get alot of rejects from this pool, like 10%

i dunno if its connection or what.

Is it just on discus fish or is it with other pools too?

If you went to a restaurant and was asked weather you wanted fish, ants, Nasty or slush.... which would you choose?  :P

To guarantee a 96 percent payment at all times is what get's people.  Over time the pool should equal 100 percent on luck, but the people's pay do not deal with luck.  They get paid the same amount for the entire difficulty change.

Antpool with good luck is doing a good job of taking a lot of the market though.

Joking aside I agree with you. I liked mining at DFish as the payments were like clockwork... Still use it as a back up pool as I get paid for my time no matter how long or short that is.

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

Go for it. Phil is noted for renting hash in the past and pointing it at BAN and making a profit.

Some do it.  Personally nice hash right now -8 percent and then 4 percent go to F2Pool.   So you would have a margin of 4 percent if it works perfect. 

I would guess you would lose a little hash rate that it won't be perfect.   But if less then 4 percent you could turn a profit right now

no its just this pool, but i did try to ping it from the miner and i get 800+ ping..
so maybe its just a bad route.

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2%  and did not set a floor.  In order for it to work .0092 to 0.0101  was good.

I just complained here about nicehash setting a floor.

https://bitcointalk.org/index.php?topic=893133.msg11301543#msg11301543

Nicehash modified the floor after my complaint  but the newer floor and the price fee jump from 2 to 3 percent  makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

I answered  it from opposite side :)

Read tbonetony, he is right as miner the p= is what you set in password to pick what price you will mine for.

yes, I believe you can do it by setting your password to use "p=0.01015" without quotes. (i.e. this means when price is less than 0.01015BTC/THS/Day stop mining)

That is right , just be aware that I had S3's that sometimes would not switch over and just sit there doing no mining but my S5's switch without problems.

Actually I've noticed my reject rate is 1-2% whereas for other pools, it is always less than 1%.  My ping is about 275ms so I think geographical location does play a factor.  As a point of comparison, my ping to westhash is about 20ms.

Discuss fish was pretty much on par with westhash but discus fish rate is fixed.....

Discus Fish now offers merged mining on BTC NMC IOC IXC DOGE LTC HUC....

Not much but hey more coins for free why not..

Try that one Westhash

I think the name is what really intrigued me to get started here, F2pool and it's alternative Discus Fish. Very unique.
The 'less is more' styling the website has is also appreciated and the PPS reward system that hasn't been late for me has been exceptional.
And given their existing market share it seems possible that F2pool could continue to grow in size and influence the network,
but if you look at what happen to Ghash.io going from hero to zero in such a short period, who knows what could happen to F2pool next.

How true ...what a fickled bunch we miners are.