Why is Discus Fish so popular?

[aurel57]

Why would some chose to mine at Discus Fish compared with other pool that charge a much lower fee? I mean 4% is a very significant cut into profits. Is PPS really that much better than PPLNS?

If you went to a restaurant and was asked weather you wanted fish, ants, Nasty or slush.... which would you choose? 

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[notlist3d]

Why would some chose to mine at Discus Fish compared with other pool that charge a much lower fee? I mean 4% is a very significant cut into profits. Is PPS really that much better than PPLNS?

If you went to a restaurant and was asked weather you wanted fish, ants, Nasty or slush.... which would you choose? 

To guarantee a 96 percent payment at all times is what get's people.  Over time the pool should equal 100 percent on luck, but the people's pay do not deal with luck.  They get paid the same amount for the entire difficulty change.

Antpool with good luck is doing a good job of taking a lot of the market though.

[aurel57]

Why would some chose to mine at Discus Fish compared with other pool that charge a much lower fee? I mean 4% is a very significant cut into profits. Is PPS really that much better than PPLNS?

If you went to a restaurant and was asked weather you wanted fish, ants, Nasty or slush.... which would you choose? 

To guarantee a 96 percent payment at all times is what get's people.  Over time the pool should equal 100 percent on luck, but the people's pay do not deal with luck.  They get paid the same amount for the entire difficulty change.

Antpool with good luck is doing a good job of taking a lot of the market though.

Joking aside I agree with you. I liked mining at DFish as the payments were like clockwork... Still use it as a back up pool as I get paid for my time no matter how long or short that is.

[jeffy1021]

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

[aurel57]

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

Go for it. Phil is noted for renting hash in the past and pointing it at BAN and making a profit.

[notlist3d]

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

Some do it.  Personally nice hash right now -8 percent and then 4 percent go to F2Pool.   So you would have a margin of 4 percent if it works perfect. 

I would guess you would lose a little hash rate that it won't be perfect.   But if less then 4 percent you could turn a profit right now

[aarons6]

i get alot of rejects from this pool, like 10%

i dunno if its connection or what.

Is it just on discus fish or is it with other pools too?

no its just this pool, but i did try to ping it from the miner and i get 800+ ping..
so maybe its just a bad route.

[tbonetony]

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

Some do it.  Personally nice hash right now -8 percent and then 4 percent go to F2Pool.   So you would have a margin of 4 percent if it works perfect. 

I would guess you would lose a little hash rate that it won't be perfect.   But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

[philipma1957]

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

Some do it.  Personally nice hash right now -8 percent and then 4 percent go to F2Pool.   So you would have a margin of 4 percent if it works perfect.  

I would guess you would lose a little hash rate that it won't be perfect.   But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2%  and did not set a floor.  In order for it to work .0092 to 0.0101  was good.

I just complained here about nicehash setting a floor.

https://bitcointalk.org/index.php?topic=893133.msg11301543#msg11301543

Nicehash modified the floor after my complaint  but the newer floor and the price fee jump from 2 to 3 percent  makes it very hard to work.

[josephno1]

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

Some do it.  Personally nice hash right now -8 percent and then 4 percent go to F2Pool.   So you would have a margin of 4 percent if it works perfect.  

I would guess you would lose a little hash rate that it won't be perfect.   But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2%  and did not set a floor.  In order for it to work .0092 to 0.0101  was good.

I just complained here about nicehash setting a floor.

https://bitcointalk.org/index.php?topic=893133.msg11301543#msg11301543

Nicehash modified the floor after my complaint  but the newer floor and the price fee jump from 2 to 3 percent  makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

[notlist3d]

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

Some do it.  Personally nice hash right now -8 percent and then 4 percent go to F2Pool.   So you would have a margin of 4 percent if it works perfect.  

I would guess you would lose a little hash rate that it won't be perfect.   But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2%  and did not set a floor.  In order for it to work .0092 to 0.0101  was good.

I just complained here about nicehash setting a floor.

https://bitcointalk.org/index.php?topic=893133.msg11301543#msg11301543

Nicehash modified the floor after my complaint  but the newer floor and the price fee jump from 2 to 3 percent  makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

I answered  it from opposite side

Read tbonetony, he is right as miner the p= is what you set in password to pick what price you will mine for.

[tbonetony]

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

Some do it.  Personally nice hash right now -8 percent and then 4 percent go to F2Pool.   So you would have a margin of 4 percent if it works perfect.  

I would guess you would lose a little hash rate that it won't be perfect.   But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2%  and did not set a floor.  In order for it to work .0092 to 0.0101  was good.

I just complained here about nicehash setting a floor.

https://bitcointalk.org/index.php?topic=893133.msg11301543#msg11301543

Nicehash modified the floor after my complaint  but the newer floor and the price fee jump from 2 to 3 percent  makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

yes, I believe you can do it by setting your password to use "p=0.01015" without quotes. (i.e. this means when price is less than 0.01015BTC/THS/Day stop mining)

[aurel57]

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357?  Granted the difference is pretty small, but it is profit nonetheless right?

Some do it.  Personally nice hash right now -8 percent and then 4 percent go to F2Pool.   So you would have a margin of 4 percent if it works perfect.  

I would guess you would lose a little hash rate that it won't be perfect.   But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2%  and did not set a floor.  In order for it to work .0092 to 0.0101  was good.

I just complained here about nicehash setting a floor.

https://bitcointalk.org/index.php?topic=893133.msg11301543#msg11301543

Nicehash modified the floor after my complaint  but the newer floor and the price fee jump from 2 to 3 percent  makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

yes, I believe you can do it by setting your password to use "p=0.01015" without quotes. (i.e. this means when price is less than 0.01015BTC/THS/Day stop mining)

That is right , just be aware that I had S3's that sometimes would not switch over and just sit there doing no mining but my S5's switch without problems.

[jeffy1021]

i get alot of rejects from this pool, like 10%

i dunno if its connection or what.

Is it just on discus fish or is it with other pools too?

no its just this pool, but i did try to ping it from the miner and i get 800+ ping..
so maybe its just a bad route.

Actually I've noticed my reject rate is 1-2% whereas for other pools, it is always less than 1%.  My ping is about 275ms so I think geographical location does play a factor.  As a point of comparison, my ping to westhash is about 20ms.

[lovenlifelarge]

Discuss fish was pretty much on par with westhash but discus fish rate is fixed.....

Discus Fish now offers merged mining on BTC NMC IOC IXC DOGE LTC HUC....

Not much but hey more coins for free why not..

Try that one Westhash

[trendax]

I think the name is what really intrigued me to get started here, F2pool and it's alternative Discus Fish. Very unique.
The 'less is more' styling the website has is also appreciated and the PPS reward system that hasn't been late for me has been exceptional.
And given their existing market share it seems possible that F2pool could continue to grow in size and influence the network,
but if you look at what happen to Ghash.io going from hero to zero in such a short period, who knows what could happen to F2pool next.

[aurel57]

I think the name is what really intrigued me to get started here, F2pool and it's alternative Discus Fish. Very unique.
The 'less is more' styling the website has is also appreciated and the PPS reward system that hasn't been late for me has been exceptional.
And given their existing market share it seems possible that F2pool could continue to grow in size and influence the network,
but if you look at what happen to Ghash.io going from hero to zero in such a short period, who knows what could happen to F2pool next.

How true ...what a fickled bunch we miners are.