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Other => Beginners & Help => Topic started by: chromeguy on January 08, 2012, 02:36:15 PM



Title: ► Best paying pool
Post by: chromeguy on January 08, 2012, 02:36:15 PM
i have been testing out a few pools, and the best paying one i have found so far is TripleMining

and so I unashamedly leave my signup link here: https://www.triplemining.com/ref/chromeguy
my payouts have been around 2x higher than the other pools (although i mine fairly slow at the moment)

the best bit is: people signing up via my link, join my minipool. You can also have a minipool!
i would appreciate if you used my link (as you don't get any less payout &) it helps increase our pool rank :)


Title: Re: ► Best paying pool
Post by: chromeguy on January 08, 2012, 02:50:32 PM
if anybody knows of a better one, feel free to jump in & tell me ^_^


Title: Re: ► Best paying pool
Post by: jake262144 on January 08, 2012, 03:07:07 PM
There is, almost by definition, no universally best pool. Here's a couple of reasons why:
   1. User requirements differ wildly: pool hoppers are interested with proportional pools (which non-hoppers should best avoid unless they know what they're doing), some users are
      merged-mining hostile and might avoid merged-mining enabled pools. Some users prefer low variance in their earnings while others don't mind the variance at all.
   2. The network round trip times to the pools vary on location and ISP basis. Greater round trip times result in more stale shares.
       A pool which works for me in Europe might suck for an American user.

The pools I've had good experience with include Eligius, BitMinter, Eclipse and BTC Guild. A few great pools have fallen (MMC, Minecoin), others have declined (ArsBitcoin).
Take a good look here: https://bitcointalk.org/index.php?board=41.0 (https://bitcointalk.org/index.php?board=41.0)


Title: Re: ► Best paying pool
Post by: jake262144 on January 08, 2012, 03:10:54 PM
https://bitcointalk.org/index.php?topic=56119.0

not a pool but has the best payout:)

Blowing your own horn there, Goat? :)
BTW, I say that's a pretty oversized "Goat" in your avatar ^^


Title: Re: ► Best paying pool
Post by: chromeguy on January 08, 2012, 03:16:37 PM
The pools I've had good experience with include Eligius, BitMinter, Eclipse and BTC Guild. A few great pools have fallen (MMC, Minecoin), others have declined (ArsBitcoin).
Take a good look here: https://bitcointalk.org/index.php?board=41.0 (https://bitcointalk.org/index.php?board=41.0)
i understand the variance thing, but being slow i get so much better pay from triplemining

thanks for the link, i will certainly take a look :) still pretty new at this & every piece of info is great
i do love the minipool idea however, even if it's not technically the best of the best - there is nothing like watching the bonus of your own minipool growing ontop of the work you do also :)


Title: Re: ► Best paying pool
Post by: chromeguy on January 08, 2012, 03:27:35 PM
If there is a better payout somewhere let me know:)  1BTC bounty!
i will design a proper frontend for you, for BTC of course ;)


Title: Re: ► Best paying pool
Post by: btcbids on January 08, 2012, 04:53:06 PM
this week has been awesome at Ozcoin (https://ozco.in)
as shown byLuck (http://ozco.in/content/luck-bitcoin)
and Payout-Comparison (http://ozco.in/content/share-payout-comparison-bitcoin)
after a long unlucky run on proportional
moving to DGM 8 days ago has also been a winner :D


Title: Re: ► Best paying pool
Post by: jake262144 on January 08, 2012, 05:40:37 PM
Way to go ozcoin! I love that pool for abandoning proportional system already :)

Bitminter has also had tremendous luck lately but for the non-techie users I must point out that such information is of purely historic and statistical value.
The same goes for a pool which is hit with a lot of bad luck - the bad luck has already happened and basing the pool choice on luck makes absolutely no sense at all.


Title: Re: ► Best paying pool
Post by: chromeguy on January 09, 2012, 07:14:25 AM
which is why i am choosing triplemining as one of my primary pools - the bigger your minipool, the bigger the reward no matter how bad the luck is ;)


Title: Re: ► Best paying pool
Post by: poppyh on January 09, 2012, 01:52:17 PM
Goat's pool is the best so far ;)


Title: Re: ► Best paying pool
Post by: DeathAndTaxes on January 09, 2012, 02:03:08 PM
which is why i am choosing triplemining as one of my primary pools - the bigger your minipool, the bigger the reward no matter how bad the luck is ;)

Thats the same reason I joined Amway and also got rich my mailing $5 to the 5 names on a sheet of paper.  Within weeks I had millions of checks coming.  

Yup pyramid schemes always work. Pro tip: they work best when you are at the top.


Title: Re: ► Best paying pool
Post by: Gigaminer on January 09, 2012, 05:53:10 PM
which is why i am choosing triplemining as one of my primary pools - the bigger your minipool, the bigger the reward no matter how bad the luck is ;)

Thats the same reason I joined Amway and also got rich my mailing $5 to the 5 names on a sheet of paper.  Within weeks I had millions of checks coming.  

Yup pyramid schemes always work. Pro tip: they work best when you are at the top.
I am interested in Goat's project.. But I can not PM yet :(


Title: Re: ► Best paying pool
Post by: chromeguy on January 09, 2012, 06:06:27 PM

The way of the future is p2pool
i'm listening..


Title: Re: ► Best paying pool
Post by: chromeguy on January 09, 2012, 06:22:57 PM
i just did, dad.
the only results are this thread.

how about a link instead of a smart reply & u might even get a new pool member


Title: Re: ► Best paying pool
Post by: DeathAndTaxes on January 09, 2012, 07:10:11 PM
i just did, dad. the only results are this thread.

If you are in a thread and search the search is limited to THAT thread.
If you are in a forum and search the search is limited to THAT forum.
If you are in the main forum index page and search the search is for entire forum.

Not clearly explained but that might help your searching.


Title: Re: ► Best paying pool
Post by: chromeguy on January 09, 2012, 07:37:03 PM
so i see.
what a weird forum software


Title: Re: ► Best paying pool
Post by: petala on January 09, 2012, 09:14:06 PM
P2Pool is the best because it supports what satoshi believed in regards to decentralization.

If everybody used that we would never get to see evil deepbit take 50% or more of the network and kill it off etc.

Mine away at the decentralized pool!


Title: Re: ► Best paying pool
Post by: chromeguy on January 09, 2012, 09:18:35 PM
if everybody solo'd then the difficulty would be such that solo mining would be profitable, right?
 isn't that what satoshi *really* intended?


Title: Re: ► Best paying pool
Post by: DeathAndTaxes on January 09, 2012, 09:26:04 PM
if everybody solo'd then the difficulty would be such that solo mining would be profitable, right?
 isn't that what satoshi *really* intended?

Pools don't change difficulty or the total network hashing power.

9TH is 9TH.

Another way to look at it is the block susbidy is 50 BTC (until they cut).  The network tries to keep block time at ~10 minutes so there will be about 6 * 24 * 365 = 52,560 blocks per year.

52,560 * 50 = 2,628,000

The network attempts to payout 2.6 million BTC per year in block rewards.

If you have 100% (~9TH) of the hashing power you get 2628000 * 100%  = ~2,628,000 BTC per year.
If you have 10% (~900GH) of the hashing power you get 2628000 * 10%  = ~262,800 BTC per year.
If you have 1% (~90GH) of the hashing power you get 2628000 * 1%  = ~26,280 BTC per year.
If you have 0.1% (~9GH) of the hashing power you get 2628000 * 0.1% = ~2,628 BTC per year.

How you get it (p2pool, solo mining, paid per share, traditional shared pool PPLNS, etc) doesn't matter.  







Title: Re: ► Best paying pool
Post by: chromeguy on January 09, 2012, 09:32:25 PM

Pools don't change difficulty or the total network hashing power.

<cool explanation>

you are a veritable font of knowledge good sir, i respect your wisdom & wish that you would write an ebook about it so noobs such as myself could read it - i would certainly be willing to donate (after using your tricks for earning++ of course ;) )


Title: Re: ► Best paying pool
Post by: terrytibbs on January 09, 2012, 09:34:53 PM
The network pays out 2.6 million BTC per year.
You're wording it like it's a fact. It aims to generate 2.6 million per year, but in reality, it is never exactly 2.6.


Title: Re: ► Best paying pool
Post by: chromeguy on January 09, 2012, 09:37:34 PM
The network pays out 2.6 million BTC per year.
You're wording it like it's a fact. It aims to generate 2.6 million per year, but in reality, it is never exactly 2.6.
so are you, can anyone prove either story?


Title: Re: ► Best paying pool
Post by: DeathAndTaxes on January 09, 2012, 09:43:50 PM
The network pays out 2.6 million BTC per year.
You're wording it like it's a fact. It aims to generate 2.6 million per year, but in reality, it is never exactly 2.6.

Correct.  Through difficulty adjustment the network aims for ~2.6 million per year.  How close it reaches that goal depends on how close avg block time is equal to 10 minutes.  I will update the post to avoid confusion.


Title: Re: ► Best paying pool
Post by: chromeguy on January 10, 2012, 03:01:19 AM
this info is gold, thanks heaps guys :)