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Author Topic: bit pit - (LP, ESMPPS, 8-decimal payout, SSL, API, 0% fee, Almost 0% Stales!)  (Read 76215 times)
1bitc0inplz
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July 22, 2011, 12:17:23 PM
 #481

Hi,

In the JSON API for user stats, "estimated_reward" is spelt as "estimated_reword".

Regards,
Koo

It looks like you are correct, I'll reword that immediately.

Just trying to keep those hoppers at bay  Smiley

Mine @ http://pool.bitp.it - No fees, virtually 0 stales, what's not to love!
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Learn more about our pool @ http://forum.bitcoin.org/index.php?topic=12181.0
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1bitc0inplz
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July 22, 2011, 12:18:55 PM
 #482

love your pool, second everything about the interface and the setup of workers.
i'd love to have automated payout, tho.
i mine to three different pools and yours is the one with manual payout - if you would please incorporate the OPTION to be payed every _____ BTC? if possible, plz add email alert.

also, if you could get David Greene of Miner Status for Android to incorporate bitpit, that'd be swell.

Thank you!

Automated payouts is definitely something we want to add. We just got slowed down with this change to ESMPPS. Hopefully in the next day or two we'll be back to coding features.

Mine @ http://pool.bitp.it - No fees, virtually 0 stales, what's not to love!
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zoro
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July 22, 2011, 06:23:36 PM
 #483

for the time being Wink

"killer app" of BTC = MasterCoin https://bitcointalk.org/index.php?topic=265488.0Mastercoin(A new protocol layer on top of Bitcoin)
1bitc0inplz
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July 22, 2011, 11:22:36 PM
 #484

Quote
bit pit - ~85 GH/s (LP, Prop, SSL, API, 0% fee, Almost 0% Stales!)
is that still valid ?

Not for long  Smiley

We are putting the finishing touches on ESMPPS, and with luck, will start round 16 as our first ESMPPS round. I will let everyone know when we've deployed our changes, until then we're prop.

Mine @ http://pool.bitp.it - No fees, virtually 0 stales, what's not to love!
Chat with us @ #bitp.it on irc.freenode.net
Learn more about our pool @ http://forum.bitcoin.org/index.php?topic=12181.0
2weiX
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July 23, 2011, 11:19:21 AM
 #485

14Ghash/s now.

wtf?
krzynek1
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July 23, 2011, 05:47:59 PM
 #486

14Ghash/s now.

wtf?

we will never find that block Sad

my estimated reward rise from 3,3 to 4 btc after 5 days of mining with 4 gh/s

i hope that isnt true estimation ...
1bitc0inplz
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July 23, 2011, 06:02:24 PM
 #487


my estimated reward rise from 3,3 to 4 btc after 5 day of mining with 4 gh/s

i hope that isnt true estimation ...

Your estimated reward is correct, and that is one of the problems with proportional rewards. This is why we are going to be rolling out ESMPPS for round 16, to ensure that everybody is paid fairly for their time.

Mine @ http://pool.bitp.it - No fees, virtually 0 stales, what's not to love!
Chat with us @ #bitp.it on irc.freenode.net
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Boing7898
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July 23, 2011, 06:52:44 PM
 #488

14 GH/S?
Yesterday we was at 50..

Ohai.
GRC: FtWgehaapGH5cKSmMPEH91sVzxLUioNZ3s
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July 23, 2011, 07:21:59 PM
 #489


my estimated reward rise from 3,3 to 4 btc after 5 day of mining with 4 gh/s

i hope that isnt true estimation ...

Your estimated reward is correct, and that is one of the problems with proportional rewards. This is why we are going to be rolling out ESMPPS for round 16, to ensure that everybody is paid fairly for their time.

thats very bad, this will not even pay my electricity costs
lowentropy
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July 23, 2011, 07:50:15 PM
 #490

thats very bad, this will not even pay my electricity costs

Even if the pool's hashrate falls, your expected BTC per your hashrate is the same. This is reflected by your estimated reward rising. Now, in a proportional pool, long rounds do suck, because they pay you less than average value for your shares. But we've had many quick rounds too, that paid more than an average one. The goal of ESMPPS is to even out your reward over time, and not feel the pinch of long rounds (or reap extra benefits from short rounds). We're working on it Smiley We are testing the code thoroughly, because when it comes to accounting for your BTC, you can't be too careful.

Mine @  <http://pool.bitp.it>
Chat with us @ irc://irc.freenode.net/#bitp.it
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krzynek1
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July 23, 2011, 08:26:50 PM
 #491

... and iill come back to your pool when fair reward will be given Wink
lowentropy
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July 23, 2011, 08:30:30 PM
 #492

... and iill come back to your pool when fair reward will be given Wink

We totally understand, and you're welcome back any time! Sorry to everyone that it's taking so long Smiley In addition to the testing, it's been long hours at the day job lately.  Tongue

Mine @  <http://pool.bitp.it>
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Grinder
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July 23, 2011, 09:44:41 PM
 #493

14 GH/S?
Yesterday we was at 50..
Not really, the number was just hardcoded to 50 in the stats.
1bitc0inplz
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July 24, 2011, 02:17:04 AM
 #494

We have just deployed our ESMPPS implementation, and it will be active at the beginning of round 16.

Now all we have to do is solve this current block   Cheesy

Mine @ http://pool.bitp.it - No fees, virtually 0 stales, what's not to love!
Chat with us @ #bitp.it on irc.freenode.net
Learn more about our pool @ http://forum.bitcoin.org/index.php?topic=12181.0
TheSeven
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July 24, 2011, 08:53:55 AM
 #495

... and iill come back to your pool when fair reward will be given Wink

ESMPPS is now active (since about 2 hours). And the hashrate already increased to 28GH/s again.

My tip jar: 13kwqR7B4WcSAJCYJH1eXQcxG5vVUwKAqY
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July 24, 2011, 09:15:12 AM
 #496

ESMPPS is now active (since about 2 hours). And the hashrate already increased to 28GH/s again.

...so you guys ok with pool hoppers using you as backup then?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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zoro
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July 24, 2011, 10:01:14 AM
 #497

wish you all go well Smiley
i like the new method Wink
backup, non-backup, it doesn't matter!

"killer app" of BTC = MasterCoin https://bitcointalk.org/index.php?topic=265488.0Mastercoin(A new protocol layer on top of Bitcoin)
1bitc0inplz
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July 24, 2011, 12:17:40 PM
 #498

ESMPPS is now active (since about 2 hours). And the hashrate already increased to 28GH/s again.

...so you guys ok with pool hoppers using you as backup then?

We have no problems with that. In fact, we hope you do. Our new ESMPPS reward scheme will ensure that everybody receives a far payment, and we encourage pool hoppers to hop back to us when there are no Prop pools worth sticking with  Smiley

Mine @ http://pool.bitp.it - No fees, virtually 0 stales, what's not to love!
Chat with us @ #bitp.it on irc.freenode.net
Learn more about our pool @ http://forum.bitcoin.org/index.php?topic=12181.0
organofcorti
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Poor impulse control.


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July 24, 2011, 12:35:57 PM
 #499

the only stales (actually they're invalid) i'm getting are from switching pools. Nice!

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1bitc0inplz
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July 24, 2011, 02:04:53 PM
 #500

the only stales (actually they're invalid) i'm getting are from switching pools. Nice!

Thanks, we work hard for that. There are even more items on our TODO list that should drive the stales even lower.


Mine @ http://pool.bitp.it - No fees, virtually 0 stales, what's not to love!
Chat with us @ #bitp.it on irc.freenode.net
Learn more about our pool @ http://forum.bitcoin.org/index.php?topic=12181.0
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