bit pit - (LP, ESMPPS, 8-decimal payout, SSL, API, 0% fee, Almost 0% Stales!)

[Tx2000]

Are there any changes being made to scoring this round?

[1bitc0inplz]

Are there any changes being made to scoring this round?

We reduced the decay factor, you estimated reward shouldn't fluctuate nearly as much.

There is still the open question of what everybody wants to do? Stay scoring, or switch to proportional. We've heard a couple of people's input, but would prefer more input before attempting a change like this. However, with a fresh round, it is the perfect time to consider such a switch.

[jme621]

was not me, congrats to the one who did, ill get the next one hehe

[luffy]

proportional like deepbit

[1bitc0inplz]

proportional like deepbit

I, personally, have no problems with that. We made the assumption that a pool hopping proof scoring system would be preferable, but sometimes assumptions are incorrect.

I do not think lowentropy or I have a problem changing our scoring system. We just want to make sure that it's a group decision. I appreciate your input, hopefully others will comment as well so that a direction can be affirmed by as many of us as possible.

[BtcNmcMiner]

proportional like deepbit

I, personally, have no problems with that. We made the assumption that a pool hopping proof scoring system would be preferable, but sometimes assumptions are incorrect.

I do not think lowentropy or I have a problem changing our scoring system. We just want to make sure that it's a group decision. I appreciate your input, hopefully others will comment as well so that a direction can be affirmed by as many of us as possible.

Personally, I don't care what is used. There are enough pools out there with various scoring methods that people can pick one they like.

I think that as the pool admins you should use what you like best, announce what it will be, and then stick with it.

[1bitc0inplz]

Now I see the blocks found number, I spent probably 5 minutes looking for the stats page (the link must have been removed, IIRC before it went to a page that displayed "nothing here" or something like that.

Yes, that is actually what I have been working on since we solved that block. It may be tomorrow before it's completely done, it is getting very late for me and I probably should be going to bed.

However, until I get this screen completed, here is the block explorer link for our block: http://blockexplorer.com/block/00000000000006950d7082d8ac99606293d625fa5e502bd6fe648d0dd5646d45

We solved block 132211, and it currently has 28 confirmations.

[luffy]

sorry i cannot understand what pool hoping means and why it is the absolute evil :p
to my simple mind a share is a share and as such it should be paid no matter what. It isn't like you can give at
the same share to different pools, is it?

[1bitc0inplz]

sorry i cannot understand what pool hoping means and why it is the absolute evil :p
to my simple mind a share is a share and as such it should be paid no matter what. It isn't like you can give at
the same share to different pools, is it?

Pool hopping is very complicated, and honestly I don't fully understand a lot of the math behind it. However, conceptually what it does is take advantage of the fact that if you stop mining (on a proportional pool) you have a "residual" estimated reward. Apparently a pool hopper can work a little on pool A, stop, work a little on pool B, stop, and return to pool A again. The pool hopper executes this series of back and forth hopping in a specific timing as to always keep a residual amount of earnings in one pool while working another. So, yes, a pool hopper can actually get paid in excess of 100% of their "fair" value of work.

What this means for honest miners, is that in a proportional pool their is a risk that their reward may be lower than it should be. The risk is, of course, the result of pool hoppers. When they target a proportional pool all the honest miners at the proportional pool lose out on their earnings so the pool hopper can gain.

As a pool operator, it makes no difference to me. A pool operator himself is of little risk in either case. However, the miners are the ones that are potentially out.

However, as we saw with our first round a scoring system is not without it's downsides either.

There appears to be no perfect solution, just trade offs.

[jme621]

seems we lost some power since the bounty has been claimed lol. maybe there is way to offer a reward (3-5 btc) always to whoever finds a block? maybe it would convince more people to mine here. and eithere method is fine with me on payment.

[Tx2000]

Yea.  I dunno, wish there was some sort of inbetween but I guess scoring is ok.  Doubt they could offer that much BTC reward per block without charging a fee.  Maybe 1 or less (not even sure if that's viable) per block, as something to distinguish themselves from other pools further.

[1bitc0inplz]

Thanks to everyone this morning, I appreciated your continued contribution to our pool.

Keep hashing, I'm brainstorming 

[lowentropy]

The block has matured  and everyone's balance should now have moved from unconfirmed to confirmed. You can now pay out if you have at least 0.01 BTC.

What's up for us next:

- We'll soon be making a decision as to whether to move to a proportional scoring system. We will let you all know once we decide.
- A leaderboard and round history
- A stats API

Thanks for everyone's support! 

[zoro]

very nice! the first block was fun. but as soon as i found it, a major power surge cut off most of the rigs!
they never came up, i can't even see 'em remotely
and guess what, i am on vacation right now
real tragedy!

[lowentropy]

Hi all,

Based on feedback from our users, we've decided to switch to an entirely proportional reward system. We feel this will be more fair overall while we expect (and hope!) to have a high growth rate. We will implement this change as soon as possible (the next hour or two), while the round is still young.

Thanks everyone for their feedback You guys are all awesome.

[zoro]

i agree also with prop.
thanks!!!!

[lowentropy]

i agree also with prop.
thanks!!!!

Good to know We are now running proportional.

I wasn't sure what to do with the 'score' on the console since it isn't an actual factor in the reward now.

So now it shows what percentage of the top share contributor's shares you have. So if you are the top contributor, your score will be 100. Related to this, we're working a leaderboard right now.

[lowentropy]

Hey everyone! Looks like we solved our second block Way to go!

[1bitc0inplz]

Get job everyone! 

That second block came in record time. Here is our block on block explorer: http://blockexplorer.com/block/00000000000003bcdcaac714a035e7f3b51fbb739f771ec81529efc390dba153

[tekwarrior]

Your hash rate calculation seems quite a bit off to me .
It shows 6 MHashes/sec while my miner shows 220 Mhashes/sec, and I get my shares accepted at the rate I usually have on other pools, so it's probably not bad luck .