Nite69 (OP)
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October 11, 2012, 03:31:39 PM Last edit: October 12, 2012, 06:34:00 AM by Nite69 |
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What? Do I need to mine my coins twice in eligius? Let's me tell more; I started to mine at eligius, noticed it gives quite approximate 0.006 btC / day for my single lousy 5770 at 200 MH/S. This is quite much what is expected (could be a slightly more, thought). However, then I decided to try to mine some ppcoins for a while. Mined a few days, returned to Eligius.. and noticed that my saldo is not increasing regardless of the hashrate... See this: http://eligius.st/~wizkid057/newstats/userstats.php/1K9jjmJb7pc8T4PVgEQCnSsDCLVbwKzKYKI'm going to quit at eligius. And never get back. Just don't like the idea I'm giving 0.1 coins to a stealing site. Looks like WOT rating (see https://www.mywot.com/) is just correct for that site.
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Sync: ShiSKnx4W6zrp69YEFQyWk5TkpnfKLA8wx Bitcoin: 17gNvfoD2FDqTfESUxNEmTukGbGVAiJhXp Litecoin: LhbDew4s9wbV8xeNkrdFcLK5u78APSGLrR AuroraCoin: AXVoGgYtSVkPv96JLL7CiwcyVvPxXHXRK9
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organofcorti
Donator
Legendary
Offline
Activity: 2058
Merit: 1007
Poor impulse control.
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October 12, 2012, 12:59:48 AM |
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What? Do I need to mine my coins twice in eligius? Let's me tell more; I started to mine at eligius, noticed it gives quite approximate 0.006 btC / day for my single lousy 5770 at 200 MH/S. This is quite much what is expected (could be a slightly more, thought). However, then I decided to try to mine some ppcoins for a while. Mined a few days, returned to Eligius.. and noticed that my saldo is not increasing regardless of the hashrate... See this: http://eligius.st/~wizkid057/newstats/userstats.php/1K9jjmJb7pc8T4PVgEQCnSsDCLVbwKzKYKI'm going to quit at eligius. And never get back. Just don't like the idea I'm giving 0.1 coins to a stealing site. Looks like WOT rating (see https://www.mywot.com/) is just correct for that site. It would be best if you understood a reward system before accusing a pool of scamming. This is not unexpected behaviour for this pool when they have longer than average rounds (more shares per round). You don't have to like a reward method, but at least go to the trouble of understanding it first.
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Nite69 (OP)
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October 12, 2012, 06:33:21 AM |
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What everyone can see from the grap I posted, I mined several hours and there no were not a single change in the numbers or in the curve. So I mined without getting any reward from it. I consider that stealing my hash power, whatever the share strategy is. I could use the same hashing power to some other pool.
Edit: Ok, I changed the title from 'cheating' to 'misleading'
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Sync: ShiSKnx4W6zrp69YEFQyWk5TkpnfKLA8wx Bitcoin: 17gNvfoD2FDqTfESUxNEmTukGbGVAiJhXp Litecoin: LhbDew4s9wbV8xeNkrdFcLK5u78APSGLrR AuroraCoin: AXVoGgYtSVkPv96JLL7CiwcyVvPxXHXRK9
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Graet
VIP
Legendary
Offline
Activity: 980
Merit: 1001
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October 12, 2012, 06:49:08 AM |
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https://bitcointalk.org/index.php?topic=23768.msg1118133#msg1118133the pool operator advised new miners not to join until new reward system implemented I know it is hard in some forum threads to find all the news - I noticed it a while back Best of luck on your mining endeavours
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thph
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October 12, 2012, 10:14:22 AM |
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Unpaid Balance Extra Credit As of last block*: 0.06176404 BTC 1.28906742 BTC Estimated Change: -0.06176404 BTC -1.28906742 BTC Estimated Total: 0.00000000 BTC 0.00000000 BTC 3 hour average hashrate: 2,392.06 MH/s
this is what i get after 24 hours mining with 3,2 MH/s One of the 2 blocks we found in that time is still confirmed
So did i made 1,28 BTC or not ? Sorry but because of my bad english i absolutly dont understand the reward changing procedure. Thanks for the answers !
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btc 1JZC6AfStkJ32mmhEkTjnfHZSFUHHzFhmD atb APdYw1DsN7zxgofHBq5cCgFFpjBY1MYDx5
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Gatorhex
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October 12, 2012, 08:12:10 PM Last edit: October 13, 2012, 12:16:25 AM by Gatorhex |
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It looks like it's back up and running correctly now. http://www.youtube.com/watch?v=ZR6wok7g7doI have backup pools that I move my miners to if things look like they've gone wrong. Their payment system is explained here http://eligius.st/wiki/index.php/FAQ#Payment_QueueYou go into the payout queue after BTC 0.67 so maybe not a good choice for someone with low MH/s A pool like 50BTC.com, that pays out regular instant ammounts greater than BTC 0.01 every night, might be better for you.
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Nite69 (OP)
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October 13, 2012, 05:56:20 AM |
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Yes, that looks better :-) I'll give it a try..
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Sync: ShiSKnx4W6zrp69YEFQyWk5TkpnfKLA8wx Bitcoin: 17gNvfoD2FDqTfESUxNEmTukGbGVAiJhXp Litecoin: LhbDew4s9wbV8xeNkrdFcLK5u78APSGLrR AuroraCoin: AXVoGgYtSVkPv96JLL7CiwcyVvPxXHXRK9
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JoelKatz
Legendary
Offline
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
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October 13, 2012, 06:06:21 AM |
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What everyone can see from the grap I posted, I mined several hours and there no were not a single change in the numbers or in the curve. So I mined without getting any reward from it. I consider that stealing my hash power, whatever the share strategy is. I could use the same hashing power to some other pool.
Edit: Ok, I changed the title from 'cheating' to 'misleading'
"I gambled $50 at the slot machines at the casino and came back with $0. I spent money without getting any reward for it. I consider that stealing my money. Edit: Okay, it's misleading in some way." Can you state what it was that mislead you? Or did you just not understand how it worked and not bother to try to figure it out?
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I am an employee of Ripple. Follow me on Twitter @JoelKatz 1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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Nite69 (OP)
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October 14, 2012, 09:02:13 AM |
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What everyone can see from the grap I posted, I mined several hours and there no were not a single change in the numbers or in the curve. So I mined without getting any reward from it. I consider that stealing my hash power, whatever the share strategy is. I could use the same hashing power to some other pool.
Edit: Ok, I changed the title from 'cheating' to 'misleading'
"I gambled $50 at the slot machines at the casino and came back with $0. I spent money without getting any reward for it. I consider that stealing my money. Edit: Okay, it's misleading in some way." Can you state what it was that mislead you? Or did you just not understand how it worked and not bother to try to figure it out? Between 11oct and 12oct, I got no reward, according to the numbers and curve. But now it's been fixed, I also displays reward during that time, and I also get reward for ongoing work.
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Sync: ShiSKnx4W6zrp69YEFQyWk5TkpnfKLA8wx Bitcoin: 17gNvfoD2FDqTfESUxNEmTukGbGVAiJhXp Litecoin: LhbDew4s9wbV8xeNkrdFcLK5u78APSGLrR AuroraCoin: AXVoGgYtSVkPv96JLL7CiwcyVvPxXHXRK9
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gigica viteazu`
Sr. Member
Offline
Activity: 458
Merit: 250
beast at work
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October 14, 2012, 05:00:34 PM |
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eligius is kind of slow in this regard, but i had no problem with the payments
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makomk
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October 14, 2012, 05:07:14 PM |
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It would be best if you understood a reward system before accusing a pool of scamming. This is not unexpected behaviour for this pool when they have longer than average rounds (more shares per round).
To be honest the reward method itself is almost a scam at this point. The payment scheme used is 100% guaranteed to eventually build up a backlog big enough to put the pool out of business, and this was pointed out to Luke Jr ages ago but he didn't care. What probably pushes it over the line into "actual scamming" is that on at least a couple of occasions the pool built up a substantial surplus, and rather than taking the chance to switch to a payment scheme that wasn't guaranteed to screw over his miners Luke Jr pocketed the surplus and carried on going, speeding up the rate at which the pool failed and in effect adding a hidden fee to his "zero fee" pool.
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Quad XC6SLX150 Board: 860 MHash/s or so. SIGS ABOUT BUTTERFLY LABS ARE PAID ADS
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organofcorti
Donator
Legendary
Offline
Activity: 2058
Merit: 1007
Poor impulse control.
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October 15, 2012, 02:18:22 AM |
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It would be best if you understood a reward system before accusing a pool of scamming. This is not unexpected behaviour for this pool when they have longer than average rounds (more shares per round).
To be honest the reward method itself is almost a scam at this point. The payment scheme used is 100% guaranteed to eventually build up a backlog big enough to put the pool out of business, and this was pointed out to Luke Jr ages ago but he didn't care. I don't disagree: http://organofcorti.blogspot.com/2012/04/32-risks-of-smpps.htmlBut this point has been reiterated many times. A few quick forum searches - and even reading eligius' own website - would have told you to at least expect delays in payment, an ARS-like failure. What probably pushes it over the line into "actual scamming" is that on at least a couple of occasions the pool built up a substantial surplus, and rather than taking the chance to switch to a payment scheme that wasn't guaranteed to screw over his miners Luke Jr pocketed the surplus and carried on going, speeding up the rate at which the pool failed and in effect adding a hidden fee to his "zero fee" pool.
I'm not so sure about that. Do you have proof or is this just a surmise based on the way Luke-Jr does his very difficult to follow accounting?
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Luke-Jr
Legendary
Offline
Activity: 2576
Merit: 1186
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December 18, 2012, 06:37:16 AM |
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It would be best if you understood a reward system before accusing a pool of scamming. This is not unexpected behaviour for this pool when they have longer than average rounds (more shares per round).
To be honest the reward method itself is almost a scam at this point. The payment scheme used is 100% guaranteed to eventually build up a backlog big enough to put the pool out of business, and this was pointed out to Luke Jr ages ago but he didn't care. What probably pushes it over the line into "actual scamming" is that on at least a couple of occasions the pool built up a substantial surplus, and rather than taking the chance to switch to a payment scheme that wasn't guaranteed to screw over his miners Luke Jr pocketed the surplus and carried on going, speeding up the rate at which the pool failed and in effect adding a hidden fee to his "zero fee" pool. This is slander. I never "pocketed" anything, it was all used to pay miners when the pool was unlucky in the months following. If it weren't for the halving during an unlucky dip, the SMPPS would have stayed viable for the long run.
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