Choosing a pool...?

[CrashBitz]

Irrespective of payout method, the bottom line is a miner only gets paid when the pool they're in solves a block, and hence has BTC to payout with. My question therefore is...

Which is better:
A small, but not insignificant pool for which you are a tiny part or a massive pool, for which you would be a microscopically insignificant part?

For example:
With 1.1Th/s is it better to be part of something like slush, or something like Antpool?

For me I chose slush; what would you choose?

Crash

[altcoinhosting2]

Irrespective of payout method, the bottom line is a miner only gets paid when the pool they're in solves a block, and hence has BTC to payout with. My question therefore is...

Which is better:
A small, but not insignificant pool for which you are a tiny part or a massive pool, for which you would be a microscopically insignificant part?

For example:
With 1.1Th/s is it better to be part of something like slush, or something like Antpool?

For me I chose slush; what would you choose?

Crash

I actually pionted my 10Gh sidehack stick towards slush's... I know i'd be better of lotto mining, but i like to get a couple satoshi's on my account every day 

[swilla]

Payout is very important. So, if you want the best bang for your buck it's hands down, kano.is!

[CrashBitz]

Irrespective of payout method, the bottom line is a miner only gets paid when the pool they're in solves a block, and hence has BTC to payout with. My question therefore is...
Which is better:
A small, but not insignificant pool for which you are a tiny part or a massive pool, for which you would be a microscopically insignificant part?
For example:
With 1.1Th/s is it better to be part of something like slush, or something like Antpool?
For me I chose slush; what would you choose?
Crash

I actually pionted my 10Gh sidehack stick towards slush's... I know i'd be better of lotto mining, but i like to get a couple satoshi's on my account every day 

Ok, extra (new) Q 
What is lotto mining?
Crash

[altcoinhosting2]

Irrespective of payout method, the bottom line is a miner only gets paid when the pool they're in solves a block, and hence has BTC to payout with. My question therefore is...
Which is better:
A small, but not insignificant pool for which you are a tiny part or a massive pool, for which you would be a microscopically insignificant part?
For example:
With 1.1Th/s is it better to be part of something like slush, or something like Antpool?
For me I chose slush; what would you choose?
Crash

I actually pionted my 10Gh sidehack stick towards slush's... I know i'd be better of lotto mining, but i like to get a couple satoshi's on my account every day 

Ok, extra (new) Q 
What is lotto mining?
Crash

It's basically solo mining... You have an astronomical small chance of mining a full block yourself...
It's based on the fact that 10 Gh will take months and months to even reach the minimal payout limit for most pools. So by pointing the miner to a solo mining pool, you'll probably get nothing at all, but you'll have a small chance of walking away with 25BTC (12.5 in a couple of months)

[CrashBitz]

Payout is very important. So, if you want the best bang for your buck it's hands down, kano.is!

Yes, what you get paid is important, but getting paid in the first place is more important.
So, why kano?
Are they more than 100% lucky in the long term?
is 1Th/s a big chunk in a small, but very very lucky small pool?

Crash

[dbitcoin]

If you a small miner, then instead of solo mining, you can try mining for luck on small pool like https://btcdig.com/
You can get a real chance win 1BTC bonus and get decent payments with zero fee.

[CrashBitz]

Irrespective of payout method, the bottom line is a miner only gets paid when the pool they're in solves a block, and hence has BTC to payout with. My question therefore is...
Which is better:
A small, but not insignificant pool for which you are a tiny part or a massive pool, for which you would be a microscopically insignificant part?
For example:
With 1.1Th/s is it better to be part of something like slush, or something like Antpool?
For me I chose slush; what would you choose?
Crash

I actually pionted my 10Gh sidehack stick towards slush's... I know i'd be better of lotto mining, but i like to get a couple satoshi's on my account every day 

Ok, extra (new) Q 
What is lotto mining?
Crash

It's basically solo mining... You have an astronomical small chance of mining a full block yourself...
It's based on the fact that 10 Gh will take months and months to even reach the minimal payout limit for most pools. So by pointing the miner to a solo mining pool, you'll probably get nothing at all, but you'll have a small chance of walking away with 25BTC (12.5 in a couple of months)

Thanks; I too would like to see the satoshis climb rather than waiting for something that may never come.
Crash

[CrashBitz]

If you a small miner, then instead of solo mining, you can try mining for luck on small pool like https://btcdig.com/
You can get a real chance win 1BTC bonus and get decent payments with zero fee.

This is the real Q isn't it.
For a 1Th/s miner (me) this would be 4% of the btcdig hashrate, however the payout to the pool comes but once every two months or longer (thereabouts after a quick look at their stats page). This compares to being <0.01% of slush, or even less of the bigger pools, but for a much much more regular pay day.
The bonus is a bonus and is pure luck, so not counting that really: might as well lotto mine 

Crash

[swilla]

With kano there is no question of getting paid. After a block matures, if he isn't sleeping, you get paid. Having a lower hash rate means you don't make a lot. Same goes for any pool. You do get a fair proportion though. I have mined with slush, eligius, bitminter, bitclub (so far hasn't paid out), mmpool, btcc, antpool, discuss fish and bw pool (just the ones still around). The 2 I would recommend is kano.is and bitminter.  Read phillipma's post, there is no bullshit there. But what do I know? I started mining with 2 s3s, and still haven't upped my "farm" yet. Whatever you choose, good luck. One point off topic. I have done quite a few transactions that depended on confirmations. I have seen the big pools hit the blocks and yet my transactions are still unconfirmed.  As soon as one of the "smaller" ones hit, they get confirmed. Is that a coincidence? I think not. Fuck the big pools, slush included. (just lost .025 with them, so not happy LOL) Again, try kano and you can say thanks after you see the BTC in your wallet.

[CrashBitz]

With kano there is no question of getting paid. After a block matures, if he isn't sleeping, you get paid. Having a lower hash rate means you don't make a lot. Same goes for any pool. You do get a fair proportion though. I have mined with slush, eligius, bitminter, bitclub (so far hasn't paid out), mmpool, btcc, antpool, discuss fish and bw pool (just the ones still around). The 2 I would recommend is kano.is and bitminter.  Read phillipma's post, there is no bullshit there. But what do I know? I started mining with 2 s3s, and still haven't upped my "farm" yet. Whatever you choose, good luck. One point off topic. I have done quite a few transactions that depended on confirmations. I have seen the big pools hit the blocks and yet my transactions are still unconfirmed.  As soon as one of the "smaller" ones hit, they get confirmed. Is that a coincidence? I think not. Fuck the big pools, slush included. (just lost .025 with them, so not happy LOL) Again, try kano and you can say thanks after you see the BTC in your wallet.

i'm not sure i understand; however are you saying that the frequency of pay is not so important (individual hash rate will always be a proportion of pool hash rate regardless of pool) but method of calculation actually does matter?
Or alternatively, are you suggesting that slush, amongst others, doesn't pay fairly; but kano does?

Can you explain why kano's pay method is fair but others' are not?

Crash

(setting aside the transaction size/confirmation issue)

[swilla]

Not saying fair. Superior. What software does your miner run? BFGminer or CGminer? Who created it? Questions you should ask yourself. From personal experience, kano is superior! Do what you want but kano and ck are the best options you have. No questions asked. (but if you do have a question, they will answer them again.!)


edit: with 1 t/s you may get dust. Post your user name and I will do my best to try to make you see kano.is is the best. (disclaimer: I get nothing but good karma for helping people) As for slush, or any other bullshit pool, ask him/them a question. Let's see where you get! No matter what you decide, I wish you the best of luck!

[CrashBitz]

Not saying fair. Superior. What software does your miner run? BFGminer or CGminer? Who created it? Questions you should ask yourself. From personal experience, kano is superior! Do what you want but kano and ck are the best options you have. No questions asked. (but if you do have a question, they will answer them again.!)

I'm running an S5.
So, I don't know the answer to your question: the s/w is whatever is on the miner.

Why is kano superior? This is the question I'm asking

I choose slush with vey little information to go on based on a compromise of size vs block solutions (not really relevant as bigger payouts come less frequently with smaller miners and vice versa), their interface (dashboard), and support for noobs like me.

[swilla]

Not saying fair. Superior. What software does your miner run? BFGminer or CGminer? Who created it? Questions you should ask yourself. From personal experience, kano is superior! Do what you want but kano and ck are the best options you have. No questions asked. (but if you do have a question, they will answer them again.!)

I'm running an S5.
So, I don't know the answer to your question: the s/w is whatever is on the miner.

Why is kano superior? This is the question I'm asking

I choose slush with vey little information to go on based on a compromise of size vs block solutions (not really relevant as bigger payouts come less frequently with smaller miners and vice versa), their interface (dashboard), and support for noobs like me.

Bitmain uses cgminer. Try kano, whom happens to be one of the developers, and you won't regret it. As far as your earlier question about %, no kano is not 100%, we are over 105% overall. Try to find a pool that can beat that  !

[CrashBitz]

Not saying fair. Superior. What software does your miner run? BFGminer or CGminer? Who created it? Questions you should ask yourself. From personal experience, kano is superior! Do what you want but kano and ck are the best options you have. No questions asked. (but if you do have a question, they will answer them again.!)

I'm running an S5.
So, I don't know the answer to your question: the s/w is whatever is on the miner.

Why is kano superior? This is the question I'm asking

I choose slush with vey little information to go on based on a compromise of size vs block solutions (not really relevant as bigger payouts come less frequently with smaller miners and vice versa), their interface (dashboard), and support for noobs like me.

Bitmain uses cgminer. Try kano, whom happens to be one of the developers, and you won't regret it. As far as your earlier question about %, no kano is not 100%, we are over 105% overall. Try to find a pool that can beat that  !

So the begs the question: How can their luck, in the long term, be better than 100%?

[kano]

Luck is expected to converge to 100%, it doesn't correct itself.

[bctmke]

Not saying fair. Superior. What software does your miner run? BFGminer or CGminer? Who created it? Questions you should ask yourself. From personal experience, kano is superior! Do what you want but kano and ck are the best options you have. No questions asked. (but if you do have a question, they will answer them again.!)

I'm running an S5.
So, I don't know the answer to your question: the s/w is whatever is on the miner.

Why is kano superior? This is the question I'm asking

I choose slush with vey little information to go on based on a compromise of size vs block solutions (not really relevant as bigger payouts come less frequently with smaller miners and vice versa), their interface (dashboard), and support for noobs like me.

Bitmain uses cgminer. Try kano, whom happens to be one of the developers, and you won't regret it. As far as your earlier question about %, no kano is not 100%, we are over 105% overall. Try to find a pool that can beat that  !

So the begs the question: How can their luck, in the long term, be better than 100%?

As Kano mentioned luck is expected to converge towards 100% but just because a pool is having high luck it DOES NOT mean that down the road that pool will have offsetting bad luck.

Important points when choosing a pool:

All things being equal - you SHOULD make the same amount at two different pools over time.  The smaller pool will pay out less frequently but you will get a bigger share, while a larger pool will pay out more often but you will get a smaller share.

Things that can affect that:

- overall luck
- pool fees

In the case of slush, their overall luck has been fairly awful.  What this means is you get a smaller piece of the pie (because of their size) AND you're getting paid less frequently.

Compare to Kano where being a smaller pool - you get a bigger piece during each payout but overall luck is also higher (meaning that you actually end up getting paid a bit more too).

Its all about doing your research, learning and understanding.  And then making the best choice for you.

[CrashBitz]

Not saying fair. Superior. What software does your miner run? BFGminer or CGminer? Who created it? Questions you should ask yourself. From personal experience, kano is superior! Do what you want but kano and ck are the best options you have. No questions asked. (but if you do have a question, they will answer them again.!)

I'm running an S5.
So, I don't know the answer to your question: the s/w is whatever is on the miner.

Why is kano superior? This is the question I'm asking

I choose slush with vey little information to go on based on a compromise of size vs block solutions (not really relevant as bigger payouts come less frequently with smaller miners and vice versa), their interface (dashboard), and support for noobs like me.

Bitmain uses cgminer. Try kano, whom happens to be one of the developers, and you won't regret it. As far as your earlier question about %, no kano is not 100%, we are over 105% overall. Try to find a pool that can beat that  !

So the begs the question: How can their luck, in the long term, be better than 100%?

As Kano mentioned luck is expected to converge towards 100% but just because a pool is having high luck it DOES NOT mean that down the road that pool will have offsetting bad luck.

Important points when choosing a pool:
All things being equal - you SHOULD make the same amount at two different pools over time.  The smaller pool will pay out less frequently but you will get a bigger share, while a larger pool will pay out more often but you will get a smaller share.

Things that can affect that:
- overall luck
- pool fees
In the case of slush, their overall luck has been fairly awful.  What this means is you get a smaller piece of the pie (because of their size) AND you're getting paid less frequently.

Compare to Kano where being a smaller pool - you get a bigger piece during each payout but overall luck is also higher (meaning that you actually end up getting paid a bit more too).

Its all about doing your research, learning and understanding.  And then making the best choice for you.

What then, in the scenario of BTCMining, is luck?
If having high luck now does not mean you'll have low luck in the future, then it's not luck in a classical sense. (i.e. if Im choosing a side in a coin toss, in the long term a 'fair' coin will be 50/50 H/T, so you might have high luck for some time, but this will be offset by low luck later to end up at 50/50 in the long term)

Crash

[CrashBitz]

With kano there is no question of getting paid. After a block matures, if he isn't sleeping, you get paid. Having a lower hash rate means you don't make a lot. Same goes for any pool. You do get a fair proportion though. I have mined with slush, eligius, bitminter, bitclub (so far hasn't paid out), mmpool, btcc, antpool, discuss fish and bw pool (just the ones still around). The 2 I would recommend is kano.is and bitminter.  Read phillipma's post, there is no bullshit there. But what do I know? I started mining with 2 s3s, and still haven't upped my "farm" yet. Whatever you choose, good luck. One point off topic. I have done quite a few transactions that depended on confirmations. I have seen the big pools hit the blocks and yet my transactions are still unconfirmed.  As soon as one of the "smaller" ones hit, they get confirmed. Is that a coincidence? I think not. Fuck the big pools, slush included. (just lost .025 with them, so not happy LOL) Again, try kano and you can say thanks after you see the BTC in your wallet.

Is this the phillipma post you mean:
https://bitcointalk.org/index.php?topic=1338693.0

The discussion does articulate why luck is not equal, which is one thing I was struggling with.

Also, TxFee distribution is not something I had considered.

Thanks

Crash

[Legacy2005]

i started with slush and have since switched to kano. same amount of hash power at slush i made .4 in 30 days. while over at kano i have made .7 in 14 days. Ill be sticking with kano and getting more s7s to increase my and the pools firepower.