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Title: 24/7 Miners Should try out Mineco.in Post by: Wuked on July 13, 2011, 10:37:48 PM We have recently moved to PPLNS Shares, this scheme is great for people who mine 24/7 , and also for people who mine for close to 24/7..
for more information please see http://forum.bitcoin.org/index.php?topic=17310.0 or click here to chat to current pool members: http://webchat.freenode.net/?channels=mineco Title: Re: 24/7 Miners Should try out Mineco.in Post by: barryT on July 13, 2011, 10:48:41 PM I'll give it a shot when my 5870 finally comes in ;)
Thanks Title: Re: 24/7 Miners Should try out Mineco.in Post by: rocketr2 on July 14, 2011, 01:43:34 AM looks likes its really good if you are a 24/7 miner
Title: Re: 24/7 Miners Should try out Mineco.in Post by: Aexoden on July 14, 2011, 01:52:41 AM PPLNS isn't terrible even for intermittent miners, so don't be scared away from this payout system if you're the type who only mines part-time.
Before I did my own simulations (www.calindora.com/tmp/bitcoin/index.php) of various payout methods, I wasn't much of a fan of PPLNS, as my first instinct was that it would overly punish intermittent miners. (However, a cursory examination will show that the expected reward for a share in PPLNS is the same regardless of the time it was submitted.) However, after doing all that research into the payout systems, I think PPLNS is probably the best system overall so far. (Geometric is close, but running a 0% fee pool with low variance for intermittent miners puts more risk in the pool operator's hands.) Its variance is a bit high, espeically if N is low, which is why I favor an N of either the difficulty or twice the difficulty, but it's pool hopping proof in any case. Title: Re: 24/7 Miners Should try out Mineco.in Post by: Wuked on July 14, 2011, 10:07:58 AM Your stats are awesome thanks Aexoden!
Title: Re: 24/7 Miners Should try out Mineco.in Post by: Wuked on July 20, 2011, 11:29:19 AM PPLNS is going well guys, come get involved!
Title: Re: 24/7 Miners Should try out Mineco.in Post by: MegaBux on August 02, 2011, 06:01:26 PM We have recently moved to PPLNS Shares, this scheme is great for people who mine 24/7 , and also for people who mine for close to 24/7.. for more information please see http://forum.bitcoin.org/index.php?topic=17310.0 or click here to chat to current pool members: http://webchat.freenode.net/?channels=mineco Hi there! Could you elaborate on how shares "eligible for reward" are calculated and how they differ from the total shares submitted by a user for the current block? Also, the formula for BTC reward refers to submitted shares, and thus it is unclear why there would be a difference between submitted and eligible shares. Thanks! Title: Re: 24/7 Miners Should try out Mineco.in Post by: Jrock on August 02, 2011, 06:29:15 PM I'll try it out when I get home to my steamy mining room.
Title: Re: 24/7 Miners Should try out Mineco.in Post by: dafuck3r on August 02, 2011, 06:36:40 PM Nice info.. maybe tonight i'll move all my rigs into this pool !!
Title: Re: 24/7 Miners Should try out Mineco.in Post by: Minerd on August 02, 2011, 08:38:34 PM This was the second pool I mined on. Was a very stable pool unfortunately PPLNS isnt for me as I am not able to mine 24/7. If I was I would definitely go back to them.
Title: Re: 24/7 Miners Should try out Mineco.in Post by: deepceleron on August 09, 2011, 10:59:59 AM This was the second pool I mined on. Was a very stable pool unfortunately PPLNS isnt for me as I am not able to mine 24/7. If I was I would definitely go back to them. PPLNS doesn't punish you if you can't mine 24/7. The only difference vs a proportional pool is that the hashrate you submit now might get you nothing or it might get you 5x the reward. Compare that to mining part-time in a proportional pool: you might submitting work during a short round where you get a fast payout, or your part-time work might be diluted to near-nothing by a long round with full-time miners. It all evens out. |