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Author Topic: BITMAIN announces Antpool  (Read 377669 times)
oztusk
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December 10, 2017, 04:13:09 PM
 #1801

well, on my account they are slowly catching up with themselves and paying shares 27 blocks late as of now.
they may have had major server probles/overhaul, been hacked[i doubt that], or been robbing peter to pay paul.. their hashnest enterprise.

in any case.. i am pulling much better [10-20%] at slush. would have been there two years ago but i had some eqipment problems or something[ i forget what].

luck all


[their strat at 3333 keeps showing dead over here, so i assumed the server prob]

Then you mean Slush is better.

--by the math it should be-- by 18 hrs mining it looks so--- but i should get a few days in to make any accurate reckoning..


Ok, let us know the report.


In short.. Antpool sux! - - Slush rules!

Slush is a smaller pool so their success varies nore over and under the 100% ideal statistical expectation.
Antpool, being larger at present, varies less on the average, but still converges towards the 100% ideal.

Over a 2016 block period (one difficulty period- ~14 days). there is little likelyhood that Slushes expected harvest of blocks will deviate far enough from the ideal to represent a risk to the miner. A very small pool (3-4% network hashrate) might suffer this problem.

so when checking specific blocks found, ie: my scoring hashrate/slush scoring hashrate * (12.5 reward+tx fees[typically 2-4])* 98%
[slush takes 2% ATM]...
compared to antpool .. my hashrate/their hashrate * (12.5+ZERO ) * 100% ...

i found that im getting paid accurately for the found blocks, dead on the numbers in fact. about half as much twice as often at Antpool minus the 30% tx fees which they just keep.

This was a good enough deal for antpoolers when bitcoin was less of a thing and tx fees were insignificant, with Eligius pool drying up a lot of us went to Ant for the zero pool fee.

Antpool has not addressed the point, now that tx fees are running 25-33% and up (of the block reward), They are simply relying on consumer ignorance (a faithful old freind of the merchant throughout history) to dodge/skirt the issue.

Mathematically Slush is paying better than Ant by the tx fee factor, about 25-33%.

In real life, after a few days at Slush, well, same thing.
I'm definitely pulling better there by whatever the tx fees are per the block found.. usually 20-35%.
The pool variance over the difficulty period is not great enough to be concerned.

I dont know what the issue is with late earnings credits at Ant or how often it happens, but they have always paid, even if a day late.

Im staying with Slush for the moment.
Can anyone tell me how small of a pool would be statistically safe? somebody good with stat distribution, kelly factor and the like?




<<<   "MY DOG ATE YOUR BITCOIN"..mtGox - - "MY DOG IS EATING YOUR BITCOIN"...Antpool - - "We were drinking espresso with shots of vodka at this little cafe. My laptop was on the table. This big dog came up behind us and,.. and..." ...nicehash     ANTMINER is currently servicing 20-30% of the entire network hash rate. Enenatis. Quis interdum ac, aliquet nec est. www.bitmaintech.com Euismod risus sed, venenatis tellus. Aliquam vel. Spontaneous emission is not inherent to an emitter, but rather depends on its electromagnetic environment.        "THE DOG ATE YOUR BITCOIN"..mtGox
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jonnybravo0311
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December 10, 2017, 04:21:30 PM
 #1802

i found that im getting paid accurately for the found blocks, dead on the numbers in fact. about half as much twice as often at Antpool minus the 30% fees which they just keep.

This was a good enough deal for antpoolers when bitcoin was less of a thing and tx fees were insignificant, with Eligius pool drying up a lot of us went to Ant for the zero pool fee.

Antpool has not addressed the point, now that tx fees are running 25-33% and up (of the block reward), They are simply relying on consumer ignorance (a faithful old freind of the merchant throughout history) to dodge/skirt the issue.
They most certainly do address it.  It's right on their website:
Quote
Assign to you alter Antpool found a new block and the new block confirmations more than 3 (Transaction fees not paid out to miners for maintaining cost and the bonus for our engineers). Earnings = 12.5 BTC * Your share count in 2.5 difficulty cycle / Total share count in 2.5 difficulty cycle
(I put the bold in there so it's clear).

They have ALWAYS kept your fees.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
oztusk
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December 10, 2017, 04:37:47 PM
 #1803

i found that im getting paid accurately for the found blocks, dead on the numbers in fact. about half as much twice as often at Antpool minus the 30% fees which they just keep.

This was a good enough deal for antpoolers when bitcoin was less of a thing and tx fees were insignificant, with Eligius pool drying up a lot of us went to Ant for the zero pool fee.

Antpool has not addressed the point, now that tx fees are running 25-33% and up (of the block reward), They are simply relying on consumer ignorance (a faithful old freind of the merchant throughout history) to dodge/skirt the issue.
They most certainly do address it.  It's right on their website:
Quote
Assign to you alter Antpool found a new block and the new block confirmations more than 3 (Transaction fees not paid out to miners for maintaining cost and the bonus for our engineers). Earnings = 12.5 BTC * Your share count in 2.5 difficulty cycle / Total share count in 2.5 difficulty cycle
(I put the bold in there so it's clear).

They have ALWAYS kept your fees.

thats an excuse.. not an address..
rightfully it should go something more like..
"... In veiw of the recent rise in the use of bitcoin and the considerable increase in block tx fees, it is only fair that we share 95% of fees to our miners... etc,.. etc,.. dealing in good faith,.. etc,.. and due expectation of ethicality,.. blah,.. blah."
I have ALWAYS known that they ALWAYS kept fees. Didnt matter back then.

Adressing an issue means doing something about it, not making a note of it pre ex facto.

<<<   "MY DOG ATE YOUR BITCOIN"..mtGox - - "MY DOG IS EATING YOUR BITCOIN"...Antpool - - "We were drinking espresso with shots of vodka at this little cafe. My laptop was on the table. This big dog came up behind us and,.. and..." ...nicehash     ANTMINER is currently servicing 20-30% of the entire network hash rate. Enenatis. Quis interdum ac, aliquet nec est. www.bitmaintech.com Euismod risus sed, venenatis tellus. Aliquam vel. Spontaneous emission is not inherent to an emitter, but rather depends on its electromagnetic environment.        "THE DOG ATE YOUR BITCOIN"..mtGox
oztusk
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December 10, 2017, 04:40:42 PM
 #1804

So Johnny, tell us about your pool.. I am looking for a small pool with reasonable operating conditions.
seriously.

[edit]
took a look at your pool website, very nice, perfect terms. I've always thought of .5% as the ideal fair rate to miners and operators both.

<<<   "MY DOG ATE YOUR BITCOIN"..mtGox - - "MY DOG IS EATING YOUR BITCOIN"...Antpool - - "We were drinking espresso with shots of vodka at this little cafe. My laptop was on the table. This big dog came up behind us and,.. and..." ...nicehash     ANTMINER is currently servicing 20-30% of the entire network hash rate. Enenatis. Quis interdum ac, aliquet nec est. www.bitmaintech.com Euismod risus sed, venenatis tellus. Aliquam vel. Spontaneous emission is not inherent to an emitter, but rather depends on its electromagnetic environment.        "THE DOG ATE YOUR BITCOIN"..mtGox
smesterj
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December 11, 2017, 04:37:03 PM
 #1805


 Roll Eyes   you are a few years late for btcguild

Well I search btcguild and got BTC.com as reply, that is the one I am using now and definitely is paying more than Antpool, around 0.00016 more daily than Antpool. And in the last 2 days no delays or "abominable" other things happening. Will see.
I maybe try Slush latter in the week just to compare.
TracerX
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December 11, 2017, 04:38:50 PM
 #1806


 Roll Eyes   you are a few years late for btcguild

Well I search btcguild and got BTC.com as reply, that is the one I am using now and definitely is paying more than Antpool, around 0.00016 more daily than Antpool. And in the last 2 days no delays or "abominable" other things happening. Will see.
I maybe try Slush latter in the week just to compare.
Slush has been running @ 109% for the last 250 blocks.  It's a great pool and worth your serious consideration.
oztusk
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December 12, 2017, 02:20:37 AM
 #1807

FYI slush pays out the tx fees and its working out to a solid 20% better than Antpool for me.
IDKY anybody mines with antpool, i only did so temporarily when Eligius began to collapse,.. sorry to see it go.





my deepest sypathy goes out to all those who in the distant past
paid 10-50BTC for a pretty purple coin next to their name.
we are with you in your sorrow.

<<<   "MY DOG ATE YOUR BITCOIN"..mtGox - - "MY DOG IS EATING YOUR BITCOIN"...Antpool - - "We were drinking espresso with shots of vodka at this little cafe. My laptop was on the table. This big dog came up behind us and,.. and..." ...nicehash     ANTMINER is currently servicing 20-30% of the entire network hash rate. Enenatis. Quis interdum ac, aliquet nec est. www.bitmaintech.com Euismod risus sed, venenatis tellus. Aliquam vel. Spontaneous emission is not inherent to an emitter, but rather depends on its electromagnetic environment.        "THE DOG ATE YOUR BITCOIN"..mtGox
MantaMine
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December 13, 2017, 01:49:31 AM
 #1808

Antpool is actually a good place to mine BCH using PPLNS.  The transaction fees on that blockchain are next to nothing, so 0%??  Sign me up.
smutboy420
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December 14, 2017, 04:38:24 PM
 #1809

Quote
i was on antpool and there was problem since 2 days, i switched to slushpool, but i think profits on 24hours is better from antpool then slushpool,

somebody to confirm ?

ya any one that knows how antpool keeps all the transactions fees witch some times can be as much as 18-25% on average from each block that the keep for them selves is why they are not a pool anyone should be mineing on unless you just like getting ripped off and cheated out of a lot of money.    Or who likes supporting the same guy and co thats been trying to destroy btc mining and even created that crappy rip off coin known as bcash. 

Mine on an honest pool such as slushpool or even kano pool they both share all added tx fees that are in the blocks and dont cheat anyone. and no hidden fees.

smesterj
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December 14, 2017, 05:00:42 PM
 #1810

Slush has been running @ 109% for the last 250 blocks.  It's a great pool and worth your serious consideration.

Thank you for pointing me to the right pool, just tested both BTC,com and Slush, definitely Slush bring more return follow by BTC, I already left Antpool out of the equation.
TracerX
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December 14, 2017, 05:47:00 PM
 #1811

Slush has been running @ 109% for the last 250 blocks.  It's a great pool and worth your serious consideration.

Thank you for pointing me to the right pool, just tested both BTC,com and Slush, definitely Slush bring more return follow by BTC, I already left Antpool out of the equation.

I'm glad you did the math for yourself!  It's important to understand how you get paid in any business.

Slush pool has been really great, I wish I had been using it from day one.
2tights
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I like big BITS and I cannot lie.


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December 14, 2017, 06:01:23 PM
 #1812

Slush has been running @ 109% for the last 250 blocks.  It's a great pool and worth your serious consideration.

Thank you for pointing me to the right pool, just tested both BTC,com and Slush, definitely Slush bring more return follow by BTC, I already left Antpool out of the equation.

I'm glad you did the math for yourself!  It's important to understand how you get paid in any business.

Slush pool has been really great, I wish I had been using it from day one.

What do the numbers say for a direct comparison for kano VS ant?
kilojay
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Today at 02:30:32 PM
 #1813

I dont understand how people can invest thousands of dollars and do absolutely no research.  I am a noob to fullest (dont even own a miner yet) but after 45mins  of research about mining I can tell you no miner should be using antpool and i can also tell you why.  In short theres more cons than pros with using antpool
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