Are we talking just for the sake of talking ? We all know that this gold bullion scheme will not be viable for most of the miners in the pool making like 1 BTC / 24 hours at most. This is better suited for miners getting 50 BTC / 24 hours or more etc.
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How about a thread on how we can improve this controversial section of our forum ?
First thing I suggest we do :
Create a separate section for all the LTC pools so one can pick and choose much more easily. Create a section for TBX, LTC, NMC, SLC, GG, RUC etc. rather than have them all in one section.
Any one agree ?
If an alternate chain has enough discussion to merit more than one section then someone should make a new forum for it. Well how about making a section for LTC and its various pools as they are cluttering the Alt crypto board ?
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heh, just noticed im in the logs, OMG IM MTV FAMOUS NOW What logs ?
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Still has not told us which "magical" Mother Theresa pool he is using now ...
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Merged mining requires extra long polls when the NMC block changes. Everytime you have a LP, you increase the odds of users getting stales during that window where the pool is generating thousands of getworks for miners. MM more than doubles the number of long polls. The only way around that FACT, is if some of the other MM pools are not pushing out a longpoll when the NMC block changes. If that's the case, they're damaging NMC production without hurting BTC much (there is always some minor overhead in generating the work for a merged block vs a regular block).
You're right that longpolling on NMC blocks isn't worth of doing, I'm not triggering LP on NMC block, too. However I must disagree that merged mining is adding any measurable additional load on servers when doing properly (so - without merged mining proxy) or hurt bitcoin mining in any way. Also that drop in NMC performance because of not doing LP is really mininmal, in few percents, so that's nothing what really hurt anybody. Otherwise I agree, introducing merged mining WAS pain and I really understand that you don't want to play with it when NMC price is so low (actually it's on 30% of price in time of MM started). So how come your pool gets me more NMC than Eligius pool Different implementation or what.
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As real as this seems I would not see anyone doing this simply because there is not much $$$ to be made from this. Even at 100 orders of $ they can only raise about $50 000 which surely would not be enough to pay all the manufacturing and employees etc.
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Poker tournament will start in 10 minutes ! EDIT: Join us while you can EDIT2: D'oh this guys are good at poker EDIT3: Congratz g2x3k you won the tournament Not trying to be frank but any other uses or vendors accepting Litecoin ?
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Thanks. Yea, I read VIA's info on it. I kinda figured their implentation in their existing ships would be capped by the x86 arch. What I am curious about is if their design methods are known and how usefull it would be if it could be expanded to an entire chip.? I had no idea jgarzik had done a sha256_via implented into the miner. That is pretty damn nifty. i'll tell you, the hardcore devs, hardware hackers and other brilliant minds around here impress me more every day!
Cheers +1
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Added Pool Block History page, API for it will be coming soon as well so web services can scrape our block data.
Regarding bitlane's post, yes, there was about 15 seconds of downtime last night for a pool restart.
MM coming soon I assume then ? Not until shadders releases the final PSJ which includes built in work generation for merged mining. So how come other pools already have MM ? I am not too well informed on MM. I stated earlier: I wont' implement MM until it has a close to 0 effect on BTC mining, regardless of whether the tradeoff is 1% loss of BTC for a 5-7% gain in profit due to NMC. Shadders is implementing a change to PSJ soon where the getwork creation is prepared within PSJ, rather than relying on bitcoind which has always been the bottleneck at longpoll time. That change should reduce the performance impact of merged mining enough to be worth implementing. So then are you saying that pools currently using MM are in fact making us get less BTC in total than before even with MM ? Unlikely. However I think others like Eligius already have custom MM code which isolates the BTC part from NMC so that is protected in the end and not affected etc. PoolServerJ seems like a generic solution to me. Merged mining requires extra long polls when the NMC block changes. Everytime you have a LP, you increase the odds of users getting stales during that window where the pool is generating thousands of getworks for miners. MM more than doubles the number of long polls. The only way around that FACT, is if some of the other MM pools are not pushing out a longpoll when the NMC block changes. If that's the case, they're damaging NMC production without hurting BTC much (there is always some minor overhead in generating the work for a merged block vs a regular block). Yes, it may be a poor excuse to some, but I've not hidden the fact that I'm not a supporter of merged mining in the first place. Very nice explanation. So then this explains why Eligius is giving me less NMC but more BTC and slush is giving me a ton of NMC but less BTC Thanks !
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Thanks for forcing me to try another pool
made more elsewhere for the time you were down just on pay per share of only my gpu's
no more shares worth little or nothing after 15 min no more "invalid blocks" no more waiting for payout no more rejected shares because your pool can't play with phoenix no more problems & promises
I can't say you got what I was'nt or the big miners got it but it sure wasn't this small miner
oh one last slam to me namecoins DIDN"T payoff with the last of my bitcoins Guess you'll have some LAME excuse for that too
Care to tell us which pool you are using now sir ? Thank you.
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The 2 big families of conflict are probably more economic capped vs. uncapped systems
I highly disagree - nothing has caused more noise than SC's centralized position. Even Bitcoin (i think) can remove the cap if there were a majority who felt that way (up to the theoretical limit). GG didn't have a cap and there was little noise concerning GG. But under a centralized system, it's up to only a select few what to be done. You can't have a centralized system and yet be categorized due to it's economic position - a position, which due to the centralization, can be changed at any time. I agree. Can we please get a mod over her to sort this section out a bit ?
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Well, I don't play games sonny. I'm too old for that. What are you, like 17 ? Keep on playing your childish games all day and you will get very far in life very fast.
I'm a very siccessful 41 year old and I play video games as a hobby. How is gaming any different than scrap booking, which my sister does, or volleyball, which my brother does, or knitting, which my step sister does? Just a way to pass time. Playing video games occupies the mind a lot more than watching TV. Define "siccessful" ( sic ) for me please.
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Convince me And why should I do? Maybe you are the Russian version of CH / RS ? I'm not affiliated with rucoin project. You can ask this question to rucoin developer and project leader, alexsmf ( alex@rucoin.org). I can answer only questions about my pool, or some technical questions, such as questions about setting up your own pool or questions about network. For example, I can say you, that there is no pre-mined coins. It is unlikely that users of solidcoin can say the same words. Why no other RUC pools or exchanges ? I don't know, why there is no other RUC exchange. But there is one other pool: http://focalway.com/P.S. btc-e.com is multi-currency excange, not only RUC/BTC. Primarily, is the BTC/USD exchange. OK thank you for clarifying that you are not the developer and only pool owner. I sold all my SC long time ago at 0.0126 rate
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Convince me that this is not just a scheme to make you some $$$. You are running the pools, you are making the clients, you are moving the exchanges, you are saying someone put 500 000 USD into this. Sounds like pump and dump allright. Why no other RUC pools or exchanges ? You seem to be calling all the shots here my friend. Do not like. Maybe you are the Russian version of CH / RS ?
Thanks.
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How about a thread on how we can improve this controversial section of our forum ?
First thing I suggest we do :
Create a separate section for all the LTC pools so one can pick and choose much more easily. Create a section for TBX, LTC, NMC, SLC, GG, RUC etc. rather than have them all in one section.
Any one agree ?
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mining for gold/silver does sound interesting.
I've been doing this since the very very beginning of my mining exploits, back with slush's pool in actual fact. Every bitcoin I've mined has been spent on silver and gold coins. Having a direct link from the pool would be a compelling reason to join back up here, but of course, actual rates and types of gold/silver coin would be an issue. Does slush *really* want to get into the bullion dealing business? BTW - for those seeking gold, nice small bullion-grade coins are the Mexican 2 and 2.5 peso coins. At current rates, they're costing me around 40-50 BTC each, which is achievable with a smallish mining setup every week. Seeing a gold coin appear in the post every week makes this mad enterprise worth it. Whether the constant extraction of value from the BTC economy to precious metal bullion is good for the Bitcoin economy is a question best moved to the Economy forum... (the answer is no, it's not that good for all miners to be doing this). For that reason alone, it'd probably be best for the pools to get out of the 'extract value' business and let miners pay other Bitcoin-accepting merchants for their bullion, as it increases the BTC velocity and viability of the currency. If all miners simply cash out from the pool directly, then the value of mining will crash very quickly. All sellers and no buyers - this is a very serious issue BTW. Where are you getting the coins from mate, since I am in the UK too. Thanks ! This is the same with NMC -> automatically being to BTC. Price will crash soon. We need to unload the BTC for $$$ with precision. It is a bit like quantitative easing
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The largest issue becomes "friction" and "trust".
If miner cash out often & quickly they don't have to trust the pool BUT then coinage overhead and shipping overhead eats into the yield.
If miners cash out infrequently & build balances they have higher yield (less lost to coinage overhead and shipping) but need to trust the pol more.
Given how some miners freak out when a $0.50 payment is one day late that seems implausible.
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Added Pool Block History page, API for it will be coming soon as well so web services can scrape our block data.
Regarding bitlane's post, yes, there was about 15 seconds of downtime last night for a pool restart.
MM coming soon I assume then ? Not until shadders releases the final PSJ which includes built in work generation for merged mining. So how come other pools already have MM ? I am not too well informed on MM. I stated earlier: I wont' implement MM until it has a close to 0 effect on BTC mining, regardless of whether the tradeoff is 1% loss of BTC for a 5-7% gain in profit due to NMC. Shadders is implementing a change to PSJ soon where the getwork creation is prepared within PSJ, rather than relying on bitcoind which has always been the bottleneck at longpoll time. That change should reduce the performance impact of merged mining enough to be worth implementing. So then are you saying that pools currently using MM are in fact making us get less BTC in total than before even with MM ? Unlikely. However I think others like Eligius already have custom MM code which isolates the BTC part from NMC so that is protected in the end and not affected etc. PoolServerJ seems like a generic solution to me.
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Maybe they also have discovered the 25nm process before Intel and co. too ?
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