Bitcoin Forum
October 17, 2017, 10:02:51 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Deepbit profits vs other smaller mining pool  (Read 1098 times)
jhansen858
Sr. Member
****
Offline Offline

Activity: 364


View Profile
June 08, 2011, 09:09:03 PM
 #1

Just for the hell of it I swapped to btcguild yesterday... I like everything about the site and implementation but I have one issue which caused me to go back to deepbit..

I ran my miner all night and only got 0.01 in the morning.. if I run on deepbit I will have at least 0.03 - 0.05 when i wake up..

So mathmatically speaking, do you make less by joining smaller pools? 

I don't care about opinions, I just want to know the actual raw numbers if any of you brainy math type can break it down that would be appriciated..

I feel like I was making less after switching to the smaller pool. 

Hi forum: 1DDpiEt36VTJsiJunyBc3XtG6CcSAnsQ4p
1508234571
Hero Member
*
Offline Offline

Posts: 1508234571

View Profile Personal Message (Offline)

Ignore
1508234571
Reply with quote  #2

1508234571
Report to moderator
1508234571
Hero Member
*
Offline Offline

Posts: 1508234571

View Profile Personal Message (Offline)

Ignore
1508234571
Reply with quote  #2

1508234571
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508234571
Hero Member
*
Offline Offline

Posts: 1508234571

View Profile Personal Message (Offline)

Ignore
1508234571
Reply with quote  #2

1508234571
Report to moderator
1508234571
Hero Member
*
Offline Offline

Posts: 1508234571

View Profile Personal Message (Offline)

Ignore
1508234571
Reply with quote  #2

1508234571
Report to moderator
hugolp
Hero Member
*****
Offline Offline

Activity: 742



View Profile
June 08, 2011, 09:18:48 PM
 #2

Just for the hell of it I swapped to btcguild yesterday... I like everything about the site and implementation but I have one issue which caused me to go back to deepbit..

I ran my miner all night and only got 0.01 in the morning.. if I run on deepbit I will have at least 0.03 - 0.05 when i wake up..

So mathmatically speaking, do you make less by joining smaller pools? 

I don't care about opinions, I just want to know the actual raw numbers if any of you brainy math type can break it down that would be appriciated..

I feel like I was making less after switching to the smaller pool. 

BTCGuild got a block after only 4 minutes yesterday evening and then spend 3 hours and a half for the next one. It was lucky and then very unlucky and I feel today its been an unlucky day in general. You really can not say by mining only one day.
jhansen858
Sr. Member
****
Offline Offline

Activity: 364


View Profile
June 08, 2011, 09:20:48 PM
 #3

hrm well if you donate 2.5% (better then deepbit 3%) you will still get paid immeadiatly.  Which I was more then happy to do.  My only concern is that it really seemed like I was making 1/3 in the same time frame.  This of course put a huge doubt in my mind.  I understand the concept of variance and what your saying is that had it been my lucky day, I would have gotten 3x more in the same time frame but since i was unlucky my sample time frame i made less?

Hi forum: 1DDpiEt36VTJsiJunyBc3XtG6CcSAnsQ4p
iCEBREAKER
Legendary
*
Online Online

Activity: 1806


Crypto Rules Everything Around Me


View Profile WWW
June 08, 2011, 09:21:12 PM
 #4

I'm bad at math (and I joined a bitponzi scheme to prove it) but the idea is that the larger the pool, the less variance will occur because it solves more blocks in a given length of time.

BTCguild was unlucky last night, not to mention that it was the middle of some growing pains.

Give it another shot or three and you'll have a more valid comparison.


So mathmatically speaking, do you make less by joining smaller pools?  


A smaller pool will (be likely to) pay out less frequently over a given length of time, but total payouts from both will converge over longer time periods.

Over time, that extra 3% you're paying deepshit will add up.


██████████
█████████████████
██████████████████████
█████████████████████████
████████████████████████████
████
████████████████████████
█████
███████████████████████████
█████
███████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
███████████████████████████
██████
██████████████████████████
█████
███████████████████████████
█████████████
██████████████
████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!