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Author Topic: Deepbit versus BtcMine  (Read 4378 times)
DarkKnightNomeD
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May 26, 2011, 07:22:57 PM
 #1

Which one do you think is better to use?
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ensign_lee
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May 26, 2011, 07:30:12 PM
 #2

0% (BTCMine) fees vs 3% (deepbit) fees, hmm lemme think about that...
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May 26, 2011, 07:42:57 PM
 #3

Also, real stats...

btcarmory.com
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May 26, 2011, 07:43:35 PM
 #4

BTC Guild Tongue

[Tycho]
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May 26, 2011, 07:43:46 PM
 #5

Of course deepbit is the best one ever :)

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
RedLine888
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May 26, 2011, 08:06:25 PM
 #6

Was on BTCMine! It has performance charts and the thing that had blown my head away was that on the top of it someone had INCREDIBLE 12GH\s. What do you think of that? Shocked Shocked Shocked

That is who makes the difficulty growing Cry Cry Cry


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May 26, 2011, 08:25:30 PM
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BTC Guild Tongue

This.
no_alone
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May 26, 2011, 08:26:10 PM
 #8

BTC GUILD

Mine only when pc is IDLE totally indivisible...
http://forum.bitcoin.org/index.php?topic=9851.0
Mine on family computer without disturbing them

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zhalox
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May 26, 2011, 08:47:11 PM
 #9

Actually, BitcoinPool.com is the best, 0 fees there, and it has the highest efficiency & stats Cheesy

grue
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May 26, 2011, 09:37:07 PM
 #10

Of course deepbit is the best one ever Smiley
because paying 3% for "block insurance" is totally worth it, considering failed blocks are below 1% for most pools.

Actually, BitcoinPool.com is the best, 0 fees there, and it has the highest efficiency & stats Cheesy
efficiency doesn't do anything, it only reduces server load.

It is pitch black. You are likely to be eaten by a grue.

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SixQa
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May 27, 2011, 07:25:43 PM
 #11

Eligius!!  you mine with your wallet address. if pool is hacked you don't lose your btc. like hapend with deepbit or bitcoinpool. every pool has his own + and - .
 i like bitcoinpool for nice statistics and design. dark green looks good Smiley
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May 27, 2011, 07:35:21 PM
 #12

I started with deepbit when it was at 60Gh/s. I moved to btcmine when deepbit hit 500Gh/s. btcmine was at 90Gh/s. Then around 150Gh/s at btcmine, I moved over to btcguild.

Nilarium
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May 27, 2011, 08:00:45 PM
 #13

i dont believe in btcmine 0% fee.it can be just words isnt it

rezin777
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May 27, 2011, 08:05:14 PM
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i dont believe in btcmine 0% fee.it can be just words isnt it

It's operated by donation. There is no mandatory fee. You can believe whatever you want, that doesn't make it true.
EpicBacon
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May 27, 2011, 11:19:57 PM
 #15

i dont believe in btcmine 0% fee

i laughed out loud when reading that
thank you

I have mined on both pools and I have to say they are both amazing.
Deepbit solves blocks so fast, you can just sit there and watch your balance go up. Deepbit also has the pay per share option which is really nice if you want ZERO variance. Instant payouts and payment for invalid blocks is pretty sweet too.
BTCmine has the top 50 which is nice if you have a decent hashrate Wink. And of course, the option to pay no fee if you so choose.

Veldy
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May 27, 2011, 11:41:04 PM
 #16

BTC Guild Tongue

BTC Guild doesn't have https Sad

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Veldy
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May 27, 2011, 11:46:13 PM
 #17

i dont believe in btcmine 0% fee.it can be just words isnt it

It's operated by donation. There is no mandatory fee. You can believe whatever you want, that doesn't make it true.

Exactly.  They don't enforce a donation.  However, they stated awhile back when they tightened up the site that if donations [and transaction fees] aren't enough to keep them running, then they would shut it down.  I do my part and give them a % donation as I have always done.  A pool is a partnership between the miners and the pool operator and the benefits can't be one sided in favor of the miners, so donations should naturally come from miners who are decent human beings.  Perhaps there may be decent reason to not donate for a period of time, but I can't think of one off hand.

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grue
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May 28, 2011, 01:16:44 AM
 #18

I have mined on both pools and I have to say they are both amazing.
Deepbit solves blocks so fast, you can just sit there and watch your balance go up. Deepbit also has the pay per share option which is really nice if you want ZERO variance. Instant payouts and payment for invalid blocks is pretty sweet too.
Deepbit has more frequent payouts, but each payout is less. 1 btc per hour vs 2 btc every 2 hours is the same thing. The invalid block "insurance" isn't worth the 3% fee (or even the +1% compared to other pools), because invalid blocks are so rare.

BTC Guild doesn't have https Sad
why do you need https? are you super paranoid about the government spying on you?

It is pitch black. You are likely to be eaten by a grue.

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Veldy
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May 28, 2011, 01:44:58 AM
 #19

I have mined on both pools and I have to say they are both amazing.
Deepbit solves blocks so fast, you can just sit there and watch your balance go up. Deepbit also has the pay per share option which is really nice if you want ZERO variance. Instant payouts and payment for invalid blocks is pretty sweet too.
Deepbit has more frequent payouts, but each payout is less. 1 btc per hour vs 2 btc every 2 hours is the same thing. The invalid block "insurance" isn't worth the 3% fee (or even the +1% compared to other pools), because invalid blocks are so rare.

BTC Guild doesn't have https Sad
why do you need https? are you super paranoid about the government spying on you?

Haven't been around long?  Somebody hacked into deepbit.net and stole some coins from several people, one of them had more than 100BTC waiting to be sent (why on earth would you leave it in the pool that long?) and Tycho was nice enough to pay them for the losses even though it apparently wasn't his fault.  Probably standard password hacking (brute force, or had the password from another site and it was the same there, or sniffed traffic ... who knows), but certainly the login password to the site can be sniffed since it was being sent clear in the open.  Since that time, several pools have moved to HTTPS including deepbit.net and BTCMine (not sure about Slush ... nothing changes over there from what I have seen, although it seems he really is the originator of large public pool mining). 

As far as payouts ... deepbit will pay out once every 24 hours [at minimum, depending on your payout threshold] unless you choose an instant payout in the meantime.  What deepbit does do is give you instant credit for shares contributed to a round that solved a block where nearly all the other pools wait for 120 confirmations to make sure the block is valid (this is likely the reason that he pays out for invalid blocks which are relatively rare anyway ... probably less than 1% on deepbit).  Other pools will pay whenever your confirmed balance exceeds the threshold that you set, so if it means paying out 5 times per day [i.e. you set the payout to 1 BTC, but typically earn 5BTC per day ... with deepbit, you would get 1BTC and then 24 hours later 5BTC and the same the next day as an example without variance].  Deepbit does offer some things for the premium 3% fee though.   That is instant payout [and thus payment for invalid blocks], stability, size which reduces variability somewhat and some decent site features [although instant payout requires stats delay to prevent pool jumping abuse].

Smiley  Clear as mud? Smiley

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[Tycho]
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May 28, 2011, 03:03:52 AM
 #20

BTC Guild doesn't have https :(
why do you need https? are you super paranoid about the government spying on you?
Haven't been around long?  Somebody hacked into deepbit.net and stole some coins from several people, one of them had more than 100BTC waiting to be sent (why on earth would you leave it in the pool that long?) and Tycho was nice enough to pay them for the losses even though it apparently wasn't his fault.  Probably standard password hacking (brute force, or had the password from another site and it was the same there, or sniffed traffic ... who knows), but certainly the login password to the site can be sniffed since it was being sent clear in the open.  Since that time, several pools have moved to HTTPS including deepbit.net and BTCMine (not sure about Slush ... nothing changes over there from what I have seen, although it seems he really is the originator of large public pool mining).
deepbit.net wasn't hacked, the attacker got user's passwords somewhere else (most of those users were using same password in one of other pools and their worker password was the same as main account password).

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
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