[Closed] MineCo.in

[Wuked]

Full decimal payouts?

Yes.

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[Luke-Jr]

I suggest you update your website...

[HeroMiner]

Too bad you chose the lame and deprecated Eligius approach to "fair" scoring, Wuked. I was on this pool since before the first block was found, but this forces me to go back to BTCMine .

[Grouver (BtcBalance)]

Lol not even 1 GH/s.

Way to ruin young development threads by posting shit like this.
I laugh at you now.
In less then a month Mineco.in has reached 150 GH/s ~

[flower1024]

and i am leaving too....
just want a prop system (they can also be cheat prof)

[Wuked]

Guys, we've been chatting about this in IRC for days now... 

If you want another system, then please give some suggestions, and come talk about it....

and i am leaving too....
just want a prop system (they can also be cheat prof)

This basically is proportional.. but proportional over a shorter length of time to reward people who don't drop out the block at the half way point.

[flower1024]

but it's unfair as i am powering off my pc when i am at work.
and you don't have enough hash rate to even that out for me.

what about the opposite i described here: http://forum.bitcoin.org/index.php?topic=23774.msg298141#msg298141

just calc everthing once per day. shares per day to blocks per day.
i dont think there are many people sitting in front of their machines to watch the satoshi's flowing in....

edit: i don't use irc, just this forum. didn't even know you where changing something before i read the previos post (and after that you pool intro message)

[HeroMiner]

Not everyone is on IRC - I was for the longest time but chose to step back from it.

Anyway, I remember I asked you about fair scoring the day I joined and pointed you to the original method for fair scoring, also know as the "score method". You replied, that it was "way too complex".

Other pools, however, are running with this algo, namely: Slush, BTCMine, Continuum and a few others - these are huge pools so it can't be impossible to implement it in a practical way.

If you guys talked about it though and you think the method you are using now is fine, thats OK - there are plenty of other pools around for me. If you should change it sometime, I will prob come back.

[Wuked]

Sure - we'll test it for a few days and let you know.

This new method is fairer for 24/7 miners like yourself, so I am a bit confused why you dislike it so much

[HeroMiner]

Lol thats my prob mate - I'm a 16/24 miner at most .

[randomguy7]

We're cheat proof now? I'm back

[moomoocow]

Lol thats my prob mate - I'm a 16/24 miner at most .

You do realize this method theoretically gives you what you're supposed to get for the 16/24 hours right?

The method isn't meant to "punish" pool-hoppers but rather not provide any benefit to do so.

[zubatej]

but it's unfair as i am powering off my pc when i am at work.

It's not unfair, it just adds variance, but that can be reduced by choosing large N, so your shares would be counted proportionally to payments for all blocks found in next N shares.

[HeroMiner]

Lol thats my prob mate - I'm a 16/24 miner at most .

You do realize this method theoretically gives you what you're supposed to get for the 16/24 hours right?

The method isn't meant to "punish" pool-hoppers but rather not provide any benefit to do so.

No, I'm not realizing it. There are theoretical constellations where the payout would be fair but most times it won't.

I do realize, that the "original" method isn't completely fair to non 24/7 miners either, but its more so than PPLNS for sure.

[Reikoku]

I'm back with 800MH, in a few weeks 2GH.

Over an infinite time period, PPLNS is not unfair to part-time miners UNLESS they are deliberately hopping at or before the expected halfway point consistently.

Sure, sometimes you will do 4 hours mining at the start of a long block and be credited for nothing, but sometimes you will do 4 hours mining at the end of a block and be credited as if you had been mining the whole block.

[psychok9]

I'm mining lun-friday 13/24hrs. Sat/sunday 24h/24h.
The new method can add too much variance?

[HeroMiner]

I'm not a genius @ math, but my instinct tells me, that when I shut my sys down over night, I will typically, or often, lose all the shares that were generated for the last round, whereas with Menis algo, I won't be losing any shares, but the ones for that round will be worth less when a block is found, becuz thats how it works.

So why should non 24/7 miners stay at this pool? Plz let me know .

[OCedHrt]

I'm back with 800MH, in a few weeks 2GH.

Over an infinite time period, PPLNS is not unfair to part-time miners UNLESS they are deliberately hopping at or before the expected halfway point consistently.

Sure, sometimes you will do 4 hours mining at the start of a long block and be credited for nothing, but sometimes you will do 4 hours mining at the end of a block and be credited as if you had been mining the whole block.

No that's not correct. If you join at the end, you'll get your percent of 750000 shares depending on pool hash rate. If it takes the pool 4 hours to hash 750000 shares, and you join at the last 4 hours, then you will be credited as if you were mining the whole block. If the pool takes 8 hours to generate 750000 shares, then you get half of what you'd normally get for a while block - but this is same as proportional so that is okay. But if you left early, you'd lose there too.

I don't think this is really going to stop pool hoppers...instead of hopping in at the beginning, now just hop in NOT at the beginning - such as at 75% of difficulty and staying to 125%.

[burp]

Yeah, I have to say, I like PPLNS. Especially that it already affects the current round 

Your Shares 1177 (0.0842 %) Your Reward: 0.0 BTC

[rahl]

The outcome of each hash is independent of any hashes that are before it. in other words, after hashing for one year (and not getting anything), the chances of you getting a block is still the same.

And the probablity you don't find any block after a decade of transmitting 1 hash with a probability of 0.001 each every day is still only 2% or sum such...