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Bitcoin => Bitcoin Discussion => Topic started by: yochdog on January 25, 2012, 10:12:36 PM



Title: Will variance regress to the mean, or will I continue to get screwed?
Post by: yochdog on January 25, 2012, 10:12:36 PM
Just looked at the ole Deepbit account, and over the life of my account, I have found 37 blocks.  Thus, I would expect to have mined approximately 1,850 BTC.

HOWEVER, I have only earned 1,453 BTC.  This seems like a huge disparity!  Have I just been insanely lucky, and expect my luck to get worse? 

Wish I had been solo mining.....


Title: Re: Will variance regress to the mean, or will I continue to get screwed?
Post by: Eveofwar on January 25, 2012, 10:13:13 PM
Just looked at the ole Deepbit account, and over the life of my account, I have found 37 blocks.  Thus, I would expect to have mined approximately 1,850 BTC.

HOWEVER, I have only earned 1,453 BTC.  This seems like a huge disparity!  Have I just been insanely lucky, and expect my luck to get worse? 

Wish I had been solo mining.....

Probably should have been pool hopping.


Title: Re: Will variance regress to the mean, or will I continue to get screwed?
Post by: yochdog on January 25, 2012, 10:13:58 PM
Just looked at the ole Deepbit account, and over the life of my account, I have found 37 blocks.  Thus, I would expect to have mined approximately 1,850 BTC.

HOWEVER, I have only earned 1,453 BTC.  This seems like a huge disparity!  Have I just been insanely lucky, and expect my luck to get worse? 

Wish I had been solo mining.....

Probably should have been pool hopping.

My understanding is that hopping is unethical.....


Title: Re: Will variance regress to the mean, or will I continue to get screwed?
Post by: Eveofwar on January 25, 2012, 10:14:45 PM
Just looked at the ole Deepbit account, and over the life of my account, I have found 37 blocks.  Thus, I would expect to have mined approximately 1,850 BTC.

HOWEVER, I have only earned 1,453 BTC.  This seems like a huge disparity!  Have I just been insanely lucky, and expect my luck to get worse? 

Wish I had been solo mining.....

Probably should have been pool hopping.

My understanding is that hopping is unethical.....

And profitable.


Title: Re: Will variance regress to the mean, or will I continue to get screwed?
Post by: Clipse on January 25, 2012, 10:31:12 PM
What holliday said, you most likely got above avg lucky on the pool and the other difference is the deepbit fee.


Title: Re: Will variance regress to the mean, or will I continue to get screwed?
Post by: FreeMoney on January 25, 2012, 10:37:27 PM
Just looked at the ole Deepbit account, and over the life of my account, I have found 37 blocks.  Thus, I would expect to have mined approximately 1,850 BTC.

HOWEVER, I have only earned 1,453 BTC.  This seems like a huge disparity!  Have I just been insanely lucky, and expect my luck to get worse? 

Wish I had been solo mining.....

Probably should have been pool hopping.

My understanding is that hopping is unethical.....

They you shouldn't have paid people 397BTC to do it. You are subsidizing that behavior.


Title: Re: Will variance regress to the mean, or will I continue to get screwed?
Post by: yochdog on January 26, 2012, 05:18:46 AM
Just looked at the ole Deepbit account, and over the life of my account, I have found 37 blocks.  Thus, I would expect to have mined approximately 1,850 BTC.

HOWEVER, I have only earned 1,453 BTC.  This seems like a huge disparity!  Have I just been insanely lucky, and expect my luck to get worse? 

Wish I had been solo mining.....

Probably should have been pool hopping.

My understanding is that hopping is unethical.....

They you shouldn't have paid people 397BTC to do it. You are subsidizing that behavior.

I switched to Eclipse.....They claim to be immune from hopping, and I get an instant 3% raise.  Win Win!!


Title: Re: Will variance regress to the mean, or will I continue to get screwed?
Post by: FreeMoney on January 26, 2012, 05:23:41 AM
Just looked at the ole Deepbit account, and over the life of my account, I have found 37 blocks.  Thus, I would expect to have mined approximately 1,850 BTC.

HOWEVER, I have only earned 1,453 BTC.  This seems like a huge disparity!  Have I just been insanely lucky, and expect my luck to get worse? 

Wish I had been solo mining.....

Probably should have been pool hopping.

My understanding is that hopping is unethical.....

They you shouldn't have paid people 397BTC to do it. You are subsidizing that behavior.

I switched to Eclipse.....They claim to be immune from hopping, and I get an instant 3% raise.  Win Win!!

Very nice. I think hopping works itself out eventually. People move to pools that don't use the vulnerable system and only pool hoppers use the ones where hopping helps and eventually give it up because everyone is doing it so it gets so little advantage compared to a set it and forget it pool.