Okay yes that makes sense. As soon as you get a single orphan (the expectation of) those shares will stay in the log forever.

Thank you for the explanation.

I see no advantage whatsoever (and significant disadvantages) if the plan is to buy and hold (mine).  Just buy some mining gear (which will likely be cheaper).  Why introduce a middleman who might implode, might be a scam, etc.?

If you are going to trade I could possibly see the merit, but not for mining.

Its pretty hard to do this in a meaningful way if you are running a balancer. If you do some simulations you see that results can be all over the place just due to luck.

You can draw pretty pictures of course, but if you are drawing conclusions from results over a reasonable time scale you are probably fooling yourself.

Also, Eligius supports workers too. Just add _workername to the username (payout address) for each worker.

But nothing wrong with slush's pool either. I've used that at times and I'm using that as my primary backup now.

This never happens in practice. The database has shares that are months or maybe years old. It is not clear to me why this is other than bad luck early on by the pool (which would build up a backlog of shares in the database). Or maybe it is because p2pool apparently outperforms the centralized pools, so they will always have a bit more than their share of "bad luck."


I have no idea what those are. I don't think I've received them (but not positive, I've had payments going to several different wallets/addresses over the years so I may not have noticed). Maybe the operator correcting for some malfunctions?

That being the case all you need to do is collect up as many outputs as you can fit into each 3K transaction (roughly 10 I think) and send them to a new output. Of course this assumes enough of the network has upgraded to 0.8.6, which may or may not be true.

You can avoid these under the current rules if you a really really careful about how you construct the transactions, or at least minimize them given slightly less care. The bitcoin wiki has some examples. The standard client probably won't construct the transactions the right way though.

EDIT: I thought it had examples, but now I can't find the page. The gist of it is that you need to keep the transactions under 10kb and make sure that all outputs are >0.01. In practice this means not having a change output and it might mean having one large input along with the small ones you are aggregating. It might take multiple transactions but as long as each is under 10kb, you're fine. You might then need a fee to spend the entire amount because the outputs of the initial transactions aren't "mature" but the fee will be a reasonable percentage.

You (meaning anyone, not just you) can not accurately predict ROI since it depends on future difficulty changes, and also on the residual value of the miner. All you can do on these is guess. If you guess that these will be low+high you should buy the miner, if not you shouldn't.

There is this fallacy that you can make a few clicks a on web site like genesis block, etc. and get a definitive yes or no answer on whether to purchase a miner. False.

As for mining some other coin if you look at profitability of mining other SHA256 coins it has generally not been favorable. Mining scrypt coins has been somewhat favorable. But as for the future, again all you can do is guess.

There is no wallet or surplus with CPPSRBP. The Eligius coinbases pay out to miners, not a pool wallet.  There is a share log and every block that gets paid out to the most recent shares adding up to the value of the block. If the round was unlucky then not all shares from that round will be paid. If the round was lucky then some old shares will be paid.  I don't know enough about the internals of p2pool to know whether this is possible.

EDIT: This isn't quite right since Eligius doesn't pay out until your balance reaches the minimum payout. Still the blocks rewards are paid directly to miners (who have accumulated a large enough balance to get paid out), not to a pool wallet.

This is why I suggested moving the existing GPUs to a switching pool. Profitability has been running 50-100% higher than mining LTC directly for a while now.

You're absolutely wrong, in general. I read the Bitcoin paper a few years ago and I largely understood it. I read what I could find about Ripple a year or so ago, and I didn't really understand it, at least not in a big picture "How will I use this?" and "How does this entire system work?" sense. Granted I understand Bitcoin much better now than I did after reading the paper, but in terms of relative level of understanding after reading through what I was provided by the designer, it was simply night and day. That is a fact.

There was no particular difference between the two in terms of relative lack of interest, lack of time,  denial, or massive cognitive dissonance, nor am I being dishonest.

EDIT: I will clarify this a bit. I believe that I could possibly understand Ripple if I put in the effort to study it and work through the details. The problem is that I have no particular reason do to so. Giving me a few thousand free Ripples isn't enough incentive for me to care about this one out of many apparently-similar competing solutions. The difference with Bitcoin was: a) it was clear that it did something fundamentally new (as opposed to one-of-many or arguably-better), and b) I didn't need to put in that effort, because it was just easier to understand.

No, that's the huge difference people are explaining, and you keep ignoring. It does not "take time" for someone to understand Bitcoin to a reasonable extent. Someone with a basic understanding of cryptography and computers can read the original Bitcoin paper from five years ago (as I did 3 years ago) and understand it pretty well. There is no such 8-page Ripple paper.

I have done a few sells all but one went through to my bank account on the exact day they promised. The other one was inexplicably canceled and the BTC put back into my account, but I can't complain because the price at that point was higher than when I sold.

But in the future, you never know. I would not count on perfect execution to pay your power bill. Start the process with some extra time and make contingency plans "just in case."

Yes complain to UPS, but track down a corporate number, not the call center.

Yes if you really want to get fucked, trade on this "great site."

You could, although that carries some commitment to at least keep the node up all the time. If it is just your own personal node you don't need to do that.


Okay that is good news. Always nice to have more options, especially those supporting p2pool.

No, if you own PTS as of a certain block you get MMC2 as a one-time spin off. There is no conversion.

Multipool is no longer 0% fee:


NASTY POOL has a p2pool with 0% fee. Merged mining supports the pool.  No fancy web site though, just the basic p2pool graphs.

https://bitcointalk.org/index.php?topic=86854

Okay broketech you get the broken blade. I'll PM for payment and shipping info.

This auction is officially closed, I'll relist the remaining stuff shortly.

Sold the rig to sandrig. I will open a new thread for the extra parts including the broken blade that has one bid. For now if you want any of the extra parts or the broken blade you may continue to post on this thread.