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Title: if you had 200 GH/s which is the most profitable pool? Post by: triplehelix on March 09, 2012, 11:46:11 PM is there a difference besides the fees? at that rate would it be more profitable to mine alone?
i got a single opinion that it would make sense to go with p2pool over solo mining. just looking for a deeper pool of opinion. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: ThiagoCMC on March 10, 2012, 01:31:03 AM Please, join P2Pool!!! :P
Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: deepceleron on March 10, 2012, 01:43:08 AM 200Ghash is solo mine time - that's more than some pools (http://blockchain.info/pools?timespan=4days). You'd find ~2.69 blocks per day at our new difficulty, keep all the earnings and the transaction fees, and not have pool downtimes to worry about.
That would also take about 360 Radeon HD 7970 cards, $201,600 just in cards. Add 90 x Motherboard, CPU, 1000W power supply, RAM, Flash, case. Then shelving, cooling. And figure out where to get 900 amps of 120V power. OP has not spent this amount of money to now ask the forum where to mine. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: triplehelix on March 10, 2012, 02:09:05 AM that is correct, i neither have 200 GH/s, and if i was going to accumulate it, it wouldn't be on the back of gpu's.
Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Gabi on March 10, 2012, 02:24:39 PM Solo mine.
Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeepBit on March 10, 2012, 03:16:39 PM I can recommend joining DeepBit.
This should be the most profitable solution, at least for me. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Clipse on March 10, 2012, 03:21:17 PM This should be the most profitable solution, at least for me. LOL :) Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Gabi on March 10, 2012, 03:22:05 PM I can recommend joining DeepBit. 0/10 troll :DThis should be the most profitable solution, at least for me. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Luke-Jr on March 10, 2012, 05:20:34 PM is there a difference besides the fees? at that rate would it be more profitable to mine alone? There are probably 2 main factors you're interested in: fees and variance. Variance is the "random" factor of how far your earnings may swing from one day/week/month to the next.i got a single opinion that it would make sense to go with p2pool over solo mining. just looking for a deeper pool of opinion. It would definitely be better to go p2pool over solo mining. With 200 GH/s, you probably don't need to worry too much about variance. That being said, even with 350 GH/s, Eligius (http://eligius.st) (my pool) still has pretty wide swings of variance, so it won't be variance-free either. If low variance is important to you, definitely give Eligius (http://eligius.st) a try at least; using our SMPPS reward system (http://eligius.st/wiki/index.php/Shared_Maximum_PPS), it evens out the variance by saving extra earnings from the high swings to cover the low swings. As a result, you basically get a nearly-perfectly predictable income. Even if you don't care about variance, Eligius (http://eligius.st) (optionally) offers the same decentralization as p2pool with the getmemorypool protocol (https://en.bitcoin.it/wiki/BIP_0022) (which I have also written a proxy (http://eligius.st/wiki/index.php/Getting_Started_with_Decentralized_Mining) for). Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Gabi on March 10, 2012, 05:31:16 PM Either solo mining (suggested) or p2pool.
forget any "normal pool", it's just a waste With 200ghash you will find like more than one block per day. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: bulanula on March 10, 2012, 05:39:25 PM I can recommend joining DeepBit. This should be the most profitable solution, at least for me. This actually made me laugh. No joke. :D But still if you want the LEAST possible variance DeepBit is good because it is the biggest pool. Especially if you only care about the $$$ and not about security of BTC and possibility of 51% attack ... Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: triplehelix on March 10, 2012, 05:46:33 PM most important aspect is maximizing profit over say a 6 month period. during that period, i imagine variance would average out right?
Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeepBit on March 10, 2012, 05:49:18 PM most important aspect is maximizing profit over say a 6 month period. during that period, i imagine variance would average out right? If you are going to mine in p2pool don't forget to compare your results over a couple of weeks with expected amount from any online calculator.Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Luke-Jr on March 10, 2012, 05:52:01 PM most important aspect is maximizing profit over say a 6 month period. during that period, i imagine variance would average out right? Probably at 200 GH/s. Still safest to use Eligius ;)Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: bulanula on March 10, 2012, 05:53:15 PM most important aspect is maximizing profit over say a 6 month period. during that period, i imagine variance would average out right? If you are going to mine in p2pool don't forget to compare your results over a couple of weeks with expected amount from any online calculator.Yeah. This is pretty strange. I have heard numerous people that are saying that P2Pool <<< normal pool in terms of payouts but I have not tried this myself so it could be FUD. P2Pool really needs to be easier to use IMHO and provide MORE not less payouts in order to gain traction. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeathAndTaxes on March 10, 2012, 06:24:45 PM most important aspect is maximizing profit over say a 6 month period. during that period, i imagine variance would average out right? Well your power bills comes once a month. A very bad streak (1 in 200 chance) could put you -30% compared to expected over 30 days. Using p2pool is a no brainer. 100% of transaciton fees, no pool fees, a good chunk of the subsidies, and your variance would be based on ~400GH/s instead of 200 GH/s. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeathAndTaxes on March 10, 2012, 06:28:06 PM P2Pool really needs to provide MORE not less payouts in order to gain traction. It does. PPLNS + payout 100% of transaction fees + 0% pool fees + subsidies/bonus. Everything the pool collects is paid out. In the short term there is variance same as any other pool. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Luke-Jr on March 10, 2012, 06:30:38 PM In the short term there is variance same as any other pool. p2pool variance is almost like solo mining. Eligius has almost no variance.Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Gabi on March 10, 2012, 06:45:15 PM Nonsense
P2pool has the variance of a 300GH/s pool, that means like 1 block every 6 hours Eligius is 350GH/s, so it's pretty much the same thing Quote Yeah. This is pretty strange. I have heard numerous people that are saying that P2Pool <<< normal pool in terms of payouts but I have not tried this myself so it could be FUD. Pure FUDP2pool is decentralized and open source. Everyone can have a look at the source code and see how it work. But sure spreading FUD is easier, after all noobs won't check soure code, they will just move to other pools like deepbit and make pool operators happy(=richer) Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeathAndTaxes on March 10, 2012, 06:52:08 PM p2pool variance is almost like solo mining. Eligius has almost no variance. Too stupid for words. p2pool - 320 GH/s Eligius - 350 GH/s hmm. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Luke-Jr on March 10, 2012, 07:00:21 PM Nonsense p2pool is PPLNS (high variance). Eligius is SMPPS (low variance).P2pool has the variance of a 300GH/s pool, that means like 1 block every 6 hours Eligius is 350GH/s, so it's pretty much the same thing Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeathAndTaxes on March 10, 2012, 07:13:54 PM Nonsense p2pool is PPLNS (high variance). Eligius is SMPPS (low variance).P2pool has the variance of a 300GH/s pool, that means like 1 block every 6 hours Eligius is 350GH/s, so it's pretty much the same thing Once again nonsense. SMPPS has low (essentially no) variance in rate funds are EARNED (similar to PPS) but unlike PPS it has high variance in the rate that funds are PAID. Most miners care about the variance in their payments and SMPPS provides no advantage there. Lastly even if PPLNS had higher variance your claim that it is "similar to solo mining" is just pure biased FUD. I mean it is crap Luke. No way around that. A miner with 1 GH/s of hashing power has the same variance solo mining or using p2pool? Really that is the garbage claim you are putting your name on? On edit: removed profanity. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Luke-Jr on March 10, 2012, 07:18:24 PM Nonsense p2pool is PPLNS (high variance). Eligius is SMPPS (low variance).P2pool has the variance of a 300GH/s pool, that means like 1 block every 6 hours Eligius is 350GH/s, so it's pretty much the same thing Once again nonsense. SMPPS has low (essentially no) variance in rate funds are EARNED (similar to PPS) but unlike PPS it has high variance in the rate that funds are PAID. Most miners care about the variance in their payments and there is no difference between the two. Lastly even if PPLNS had higher variance your claim that it is similar to solo mining is just pure biased FUD. I mean it is shit Luke. A miner with 1 GH/s of hashing power has the same variance solo mining or using p2pool? Really that is the fucked up claim you are putting your name on? Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: organofcorti on March 12, 2012, 12:41:03 AM most important aspect is maximizing profit over say a 6 month period. during that period, i imagine variance would average out right? Well your power bills comes once a month. A very bad streak (1 in 200 chance) could put you -30% compared to expected over 30 days. Using p2pool is a no brainer. 100% of transaciton fees, no pool fees, a good chunk of the subsidies, and your variance would be based on ~400GH/s instead of 200 GH/s. Are you sure you're right there, D&T? Seems a little high to me. How'd you calculate it? Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: ZPK on March 13, 2012, 05:16:18 AM go us ... pool.itzod.ru .... we unlucky and we need power ( no fee....RSMPPS...
http://pool.itzod.ru/ Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: triplehelix on March 13, 2012, 01:36:42 PM guys, again, i am not currently in possession of 200 GH/s. i do hope to accumulate it over the short to mid term (am currently in research mode, not in purchasing mode), but i'm more interested in the academic comparison of solo vs pool, or p2p vs "normal" pool, at that hashrate, so i can plan accordingly.
Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Luke-Jr on March 13, 2012, 02:14:46 PM p2p vs "normal" pool There is no significant difference here. The difference lies in who creates the blocks: miner or pool. If the pool makes the blocks, the miner is blind and powerless over what goes into them. If the miner makes the blocks, it restores the integrity we had with solo mining. To date, there are 3 pools which support it: BitPenny was the first to move this to the "miner makes blocks" design, with a proprietary Bitcoin-based protocol; p2pool was the second, with yet another different proprietary protocol; for Eligius, I chose to adopt the new "getmemorypool" JSON-RPC method and make it a standard capable of general mining use.Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: organofcorti on March 13, 2012, 02:55:20 PM In the short term there is variance same as any other pool. p2pool variance is almost like solo mining. Eligius has almost no variance.Variance in time to maturity is not dissimilar to variance in payout. In both cases you do not earn what you expect today; in both cases you hope that in the long term your actual payout will converge with your expected payout. In the long term variance in time to maturity will cause some amount will almost certainly be owing (although minimal as a percentage of overall earnings); however variance in payout is as likely leave you slightly ahead as behind. Variance in time to maturity is more likely to leave a miner out of pocket than payout variance, for the same amount of variance. I understand you're saying variance is higher at a p2pool, but variance in payout can be more than expected - this doesn't happen with variance in your pool. Unless there's something I missed? Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: cuz0882 on March 15, 2012, 12:08:40 AM If I had that many cards I would join a pool that sends a text message when a miner is down.
Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeathAndTaxes on March 15, 2012, 12:23:04 AM If I had that many cards I would join a pool that sends a text message when a miner is down. What if someone offered a service like that for p2pool (or any pool) and it cost say 1 bitcent per text? Would you be interested in paying? What if it also could provide notification on low hashrate, excessive stales, pool down/pool switched, block found, BTC paid, etc? Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Luke-Jr on March 15, 2012, 12:31:44 AM If I had that many cards I would join a pool that sends a text message when a miner is down. This is probably the best suggestion yet.Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: cuz0882 on March 16, 2012, 06:44:55 AM If I had that many cards I would join a pool that sends a text message when a miner is down. What if someone offered a service like that for p2pool (or any pool) and it cost say 1 bitcent per text? Would you be interested in paying? What if it also could provide notification on low hashrate, excessive stales, pool down/pool switched, block found, BTC paid, etc? I'm sure some people would. Eclipse has free texting, merged mining and dgm. Some pools have better variance but I'm not sure its worth paying for in the long run. Slush's pool would be more tempting with that feature though. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: deepceleron on March 16, 2012, 03:35:14 PM Nobody has the correct answer, which is to start your own pool.
Pools with no hashrate have a hard time launching. If you start a pool with 200GHash/s on day one, you are golden. Then the transactions fees, mining fees, and donations you earn are just gravy. Why pay fees when you can earn fees! Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Chlorine on March 16, 2012, 08:40:38 PM Nobody has the correct answer, which is to start your own pool. After all, running your own pool doesn't cost you any additional time! ;-) Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: cuz0882 on March 19, 2012, 05:32:07 AM Those 120% pools often end up paying you nothing and running off with your money. Does not seem like a good risk vs reward.
How about this Death&T. If I put my preferred pool in the cgminer config nineteen times and put down a pool with texting like eclipse once. Then set cgminer to balance, only about 5% of the shares would go to them. SMS should still work fine if a miner is shut down. I've thought about trying it, I'm not sure if it would lower the performance though. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeathAndTaxes on March 19, 2012, 05:36:41 AM IIRC Balancing option in cgminer is non-optimal. Something to do with way it handles LP across multiple pools. I could be wrong but it is late and I never use balancing option so that is my story and I am sticking with it.
This applies to load balance only not failover. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: cuz0882 on March 19, 2012, 09:15:18 AM Maybe rotation would do the same thing. I tried out the balance method a little while. Cgminer seems to think my hash-rate increased by 20mh, could be a glitch in the way its getting that number though.
Anyone know how much more p2pool gives you vs a free pool? Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeathAndTaxes on March 19, 2012, 01:05:02 PM Anyone know how much more p2pool gives you vs a free pool? It depends. Donations are about ~0.5% but that varies a lot and there is no guarantee of donations in the future. The p2pool network averages about a 8% internal stale rate. If hypothetically you internal stale rate was 0% you would earn ~108% of PPS. That likely is impossible but an internal state rate of 5% (103% PPS) is possible. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: awigaxeh-443 on March 19, 2012, 01:27:07 PM what kind of weird person would join a pool versus solo?
Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: DeathAndTaxes on March 19, 2012, 02:27:31 PM what kind of weird person would join a pool versus solo? what kind of weird person solos when there are 0% fee pools? Looking at your short post history I would guess a troll? Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: rjk on March 19, 2012, 02:28:12 PM what kind of weird person would join a pool versus solo? Because you can't hop when you are solo mining. You don't want the extra profits?Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: sd on May 22, 2012, 01:44:49 AM guys, again, i am not currently in possession of 200 GH/s. i do hope to accumulate it over the short to mid term (am currently in research mode, not in purchasing mode), but i'm more interested in the academic comparison of solo vs pool, or p2p vs "normal" pool, at that hashrate, so i can plan accordingly. If you don't already know how to get the best profits out of 200GH/s then you really should not be thinking of buying that kind of hashrate. There is a good chance that you will never make a profit even with an optimal setup and your first attempt will not be optimal. There are complexities you need to account for that you will only learn with experience. Personally I'd setup my own pool taking care to eliminate as many SPOFs as possible. A highly distributed setup is good with at least a couple of connections to the internet. cgminer's failover is helpful or you could run bitcoind on every one of your nodes and gateway them though a few internet connected bitcoinds for something truly distributed. Don't forget to merged mine too. 'research mode'?, 'purchasing mode'? This is tie wearing MBA talk. Don't obfuscate your thoughts with such language. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: martychubbs on May 22, 2012, 02:15:38 PM Those 120% pools often end up paying you nothing and running off with your money. Does not seem like a good risk vs reward. How about this Death&T. If I put my preferred pool in the cgminer config nineteen times and put down a pool with texting like eclipse once. Then set cgminer to balance, only about 5% of the shares would go to them. SMS should still work fine if a miner is shut down. I've thought about trying it, I'm not sure if it would lower the performance though. Project #2 is run by me and at the worst it is set up so you do not lose more than a days worth of work. We force payout daily to lower our risk and yours. However p2pool is a great pool and you should go with that. But you did ask what pays the most and that is not p2pool. Project 2 is a no brainier 105% no matter what, however, p2p + mm with 5 alt currencies should yield more...but their is more work to do than Project 2. GPUmax is the highest payout but high variance, usually in the positive... If you care what I would do, then I would use 200+ gh/s to hop with bH and get at least 128%, then add more hashes by whole selling 200gh hashes at 105% and keep 23% which yields 151%. You will get 5700 BTC a month...and a lot of work... Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Lethos on May 22, 2012, 03:26:44 PM At 200 Gh/s, your hash rate is so high, you can easily take on entire blocks by yourself. 2 blocks a day would be easy, maybe 3.
That rate is also in the same ball park as many entire pools combined rate, so understandably you would massively effect their network just being there. You'd also be a target, bother good and bad. So in short, you don't need a pool, so I wouldn't recommend it at all, Solo mining would net you the best results. The only way entering a pool would be a good idea is if you decided to run your own pool. Which many a pool operate will tell you takes a bit of work and would become a job in itself, but you'd get noticed for sure with a setup so large. I personally would not bother with a pool, it's a lot of work and if you have the capacity to mine entire blocks in a good time frame, no point overcomplicating it. Since this is just a theoretical question, with such a large system I hope you planned to do it with a FPGA or similar system, rather than GPU's. I wouldn't like to see the electrical bill of something this size, either options would be high, but at least with FPGA's it be considerably smaller. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: seljo on May 23, 2012, 05:06:06 PM I can recommend joining DeepBit. It looks like 200 Gh/s solo player joined deepbit after all and it's at the 2nd place of deepbit teams ladder.This should be the most profitable solution, at least for me. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Tittiez on May 26, 2012, 02:52:10 AM I guess this fits in the thread, sorta. So, does hopping with a lower hashrate still give you a little bonus profit? Like say .5 to 1GH hopping deepbit or bitclockers.
Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: organofcorti on May 26, 2012, 04:09:47 AM I guess this fits in the thread, sorta. So, does hopping with a lower hashrate still give you a little bonus profit? Like say .5 to 1GH hopping deepbit or bitclockers. Your hashrate doesn't matter, only your strategy which should vary by the payout method. Btw, Bitclockers is now PPS, no point hopping them. This is the thread you want: https://bitcointalk.org/index.php?topic=81946.0 Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: Tittiez on May 27, 2012, 04:45:00 PM Your hashrate doesn't matter, only your strategy which should vary by the payout method. Btw, Bitclockers is now PPS, no point hopping them. This is the thread you want: https://bitcointalk.org/index.php?topic=81946.0 Oh, alright. Thanks for the info. Title: Re: if you had 200 GH/s which is the most profitable pool? Post by: David_Benz on May 27, 2012, 08:22:16 PM I can recommend joining DeepBit. This should be the most profitable solution, at least for me. LOL at least you are honest, bro! |