[0Th]Ozcoin Pooled Mining |DGM 1%|Stratum+VarDiff port 80|NEW CN mining|

[Krak]

Show us your calculations and/or estimates or.. plzz STFU.

You mean like all of the calculations you've shown? All you've done is spread FUD with nothing to back it up. I actually thought your account was some sad attempt at satire until I remembered this isn't Reddit. DGM has been proven as a legitimate payout method and until you can prove otherwise, you need to shut up.

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[Hippie Tech]

Show us your calculations and/or estimates or.. plzz STFU.

You mean like all of the calculations you've shown? All you've done is spread FUD with nothing to back it up. I actually thought your account was some sad attempt at satire until I remembered this isn't Reddit. DGM has been proven as a legitimate payout method and until you can prove otherwise, you need to shut up.

How much does 30+ thash earn per day in your world ?

The current payout is 26.68252446 BTC. Since my initial post revealing this on December 4, the DGM reward has increased by only 0.07395845 BTC. Your pool's 32 thash should have earned 0.402 BTC PER DAY during that same time period.

Please elaborate on what your noob ass finds accpectable about this.

[drdesign]

Anyone big that feels like tossing in on Ozcoin, I'll give a bounty of 1/4 of my payout (current round credit is 1.47BTC) to whoever closes out this long round we're having if we can get it done this week. It's getting ridiculous.

Well, I might not be as big as GetBTC, but I'll throw an additional 3Th/s at it.
Those of us remaining must be eternal optimists.

[Krak]

How much does 30+ thash earn per day in your world ?

The current payout is 26.68252446 BTC. Since my initial post revealing this on December 4, the DGM reward has increased by only 0.07395845 BTC. Your pool's 32 thash should have earned 0.402 BTC PER DAY during that same time period.

Please elaborate on what your noob ass finds accpectable about this.

DGM works by paying out less on short rounds and more on long rounds. The longer the round, the slower the reward increases. This is perfectly "accpectable."

[sidehack]

Yep, check the block histories (http://ozcoin.net/content/block-history-bitcoin). We had some short rounds (in the neighborhood of 10% diff) that paid out 15-20BTC, quite a bit more than the round would have been "worth" on a per-time basis; some long rounds paid out 27-31BTC, quite a bit less than it was "worth". On average, blocks pay out about 25BTC same as anywhere else.

My round credit is actually decreasing even though I'm continuing to mine. That's because the round payout is approximately constant and divided up amongst the hashers. Now there's more hashrate, so my share of this round is going down. That's how the system works. There's no "per day" to it, it's all "per share submitted, per round". Paying per share or per time regardless of round length is a good way to kill a pool because there's any number of ways to exploit that system. DGM may not be the best payout method, maybe not the easiest for a n00b to understand the particulars, but it works.

Also, if the sock is someone's shill he's unknown to me. I don't abide by that kind of crap.

[organofcorti]

Show us your calculations and/or estimates or.. plzz STFU.

You mean like all of the calculations you've shown? All you've done is spread FUD with nothing to back it up. I actually thought your account was some sad attempt at satire until I remembered this isn't Reddit. DGM has been proven as a legitimate payout method and until you can prove otherwise, you need to shut up.

How much does 30+ thash earn per day in your world ?

The current payout is 26.68252446 BTC. Since my initial post revealing this on December 4, the DGM reward has increased by only 0.07395845 BTC. Your pool's 32 thash should have earned 0.402 BTC PER DAY during that same time period.

Please elaborate on what your noob ass finds accpectable about this.

Something you may not realise is that blocks only pay (at the moment) a minimum of 25 btc. This means that the only reward method that would pay out fractional amounts is PPS.

It's ok that you can't manage the variance of DGM or PPLNS - some people just don't have the stomach for it.

[rudrigorc2]

for a pool size like ozcoin what would be the optimal reward system?

[sidehack]

I kinda like TProp. I don't know if anyone's actually using it, but it's basically a Pay on Target that scales the total payout to the block reward. So instead of getting incremental payouts as shares are accumulated regardless of the round length (as might happen with a fixed PPS or standard PoT), the share values are weighted based on actual share diff and the sum from each miner is paid out as a proportion of the total pool summation scaled to the block reward. So instead of a fixed per-share coefficient, or a fixed per-share-diff coefficient, the coefficient changes depending on the sum total of share-diffs submitted to the pool during the whole round. It's got the fun of Pay on Target (and a built in reward for the block submitter, who obviously has the highest share submitted during the round) without bankrupting the pool with >25BTC payouts on long rounds. There's no real variance management, as long rounds and short rounds pay out the same. I just like the idea.

[organofcorti]

for a pool size like ozcoin what would be the optimal reward system?

Optimal from what point of view?

[organofcorti]

I kinda like TProp. I don't know if anyone's actually using it, but it's basically a Pay on Target that scales the total payout to the block reward. So instead of getting incremental payouts as shares are accumulated regardless of the round length (as might happen with a fixed PPS or standard PoT), the share values are weighted based on actual share diff and the sum from each miner is paid out as a proportion of the total pool summation scaled to the block reward. So instead of a fixed per-share coefficient, or a fixed per-share-diff coefficient, the coefficient changes depending on the sum total of share-diffs submitted to the pool during the whole round. It's got the fun of Pay on Target (and a built in reward for the block submitter, who obviously has the highest share submitted during the round) without bankrupting the pool with >25BTC payouts on long rounds. There's no real variance management, as long rounds and short rounds pay out the same. I just like the idea.

Interesting, but given the variance it would tend to become solomining - most of the reward going to one miner. If you reduced the variance some way - by capping the maximum for example - that could work.

Would it be at risk from strategic pool hopping?

[sidehack]

Possibly a sliding scale coefficient such that, as the actual diff approaches network diff (with network diff being a value cap, so a >netdiff share would be worth netdiff in the calculation) the share value reward scales from 1.0 (at diff-1 shares) to maybe 0.1 (at netdiff)? That would still reward high shares more highly but not reward the block share the entire block - which would be more problematic on short rounds when the substantial block share is a greater proportion of the total share values submitted.

Not sure about pool hopping. I'm not really strategic enough (or conniving enough?) to analyze questions like that effectively. Anyone got suggestions?

Also, the question still stands what might be a better payout method for a small pool.

Also the offer still stands for whoever helps us bust that block.

[rudrigorc2]

for a pool size like ozcoin what would be the optimal reward system?

Optimal from what point of view?

of handling the variance and offering a fair payout to miners but I guess at 33TH/s thats not much you can do.

[Hippie Tech]

Show us your calculations and/or estimates or.. plzz STFU.

You mean like all of the calculations you've shown? All you've done is spread FUD with nothing to back it up. I actually thought your account was some sad attempt at satire until I remembered this isn't Reddit. DGM has been proven as a legitimate payout method and until you can prove otherwise, you need to shut up.

How much does 30+ thash earn per day in your world ?

The current payout is 26.68252446 BTC. Since my initial post revealing this on December 4, the DGM reward has increased by only 0.07395845 BTC. Your pool's 32 thash should have earned 0.402 BTC PER DAY during that same time period.

Please elaborate on what your noob ass finds accpectable about this.

Something you may not realise is that blocks only pay (at the moment) a minimum of 25 btc. This means that the only reward method that would pay out fractional amounts is PPS.

It's ok that you can't manage the variance of DGM or PPLNS - some people just don't have the stomach for it.

Who needs variance when notsoGraet's DGM formula is rigged to pay less than 10% of expected earnings.

@all
Keep skirting the issues and ignoring the facts people. You'll get to DGM heaven.. or find yourselves in court facing fraud and accessory to fraud charges..  someday..

[organofcorti]

Show us your calculations and/or estimates or.. plzz STFU.

You mean like all of the calculations you've shown? All you've done is spread FUD with nothing to back it up. I actually thought your account was some sad attempt at satire until I remembered this isn't Reddit. DGM has been proven as a legitimate payout method and until you can prove otherwise, you need to shut up.

How much does 30+ thash earn per day in your world ?

The current payout is 26.68252446 BTC. Since my initial post revealing this on December 4, the DGM reward has increased by only 0.07395845 BTC. Your pool's 32 thash should have earned 0.402 BTC PER DAY during that same time period.

Please elaborate on what your noob ass finds accpectable about this.

Something you may not realise is that blocks only pay (at the moment) a minimum of 25 btc. This means that the only reward method that would pay out fractional amounts is PPS.

It's ok that you can't manage the variance of DGM or PPLNS - some people just don't have the stomach for it.

Who needs variance when notsoGraet's DGM formula is rigged to pay less than 10% of expected earnings.

@all
Keep skirting the issues and ignoring the facts people. You'll get to DGM heaven.. or find yourselves in court facing fraud and accessory to fraud charges..  someday..

Why are you so angry at DGM and not PPLNS? They both pay out in a way that would upset you - that is, only once a block has been solved.

[sidehack]

Yeah he's pretty soundly ignoring the recorded history of every block payout from the pool. All blocks in the last year were DGM-only (I think it was last October or November they shut down PoT because of some bastards abusing it that nearly bankrupted the pool) and they paid out just fine. I've had no complaints, and certainly haven't been receiving only 10% of earned credit, in the 18-odd months it's been my primary pool.

I'm gonna make this a lot easier and utilize the "ignore" feature.

[organofcorti]

Yeah he's pretty soundly ignoring the recorded history of every block payout from the pool. All blocks in the last year were DGM-only (I think it was last October or November they shut down PoT because of some bastards abusing it that nearly bankrupted the pool) and they paid out just fine. I've had no complaints, and certainly haven't been receiving only 10% of earned credit, in the 18-odd months it's been my primary pool.

I'm gonna make this a lot easier and utilize the "ignore" feature.

I'll try to remember to not quote him then

[sidehack]

Hey man, don't let some random guy impose artificial limitations on how you operate. I'm firmly of the opinion that being honest is better than being polite, so don't go out of your way because you want to be nice. Nice to me, anyway. Be nice to other people.

[os2sam]

Why are you so angry at DGM and not PPLNS? They both pay out in a way that would upset you - that is, only once a block has been solved.

Is he flaming the other DGM pools too? or just this one?

[organofcorti]

Why are you so angry at DGM and not PPLNS? They both pay out in a way that would upset you - that is, only once a block has been solved.

Is he flaming the other DGM pools too? or just this one?

I think just this one. But he has always railed most aggressively against DGM because he doesn't understand it.

[raskul]

So Piggie Gimp wants paid in rounds, before a block is found?

Isn't that a bit like turning up at work on the first monday of the month and demanding to be paid for that month before doing any work?

The poor child isn't living in the real world.