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Question: What type of pool payouts do you prefer?
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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3852802 times)
inevertell
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September 24, 2013, 02:29:13 PM
 #12141

hmm should I buy a BFL 60gh/s for 2k CDN cash? I can get one today.

Projections are OK on genesis block and I wouldn't be converting to coin first.

Any thoughts from fellow slush users?
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Mudbankkeith
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September 24, 2013, 03:07:32 PM
 #12142

hmm should I buy a BFL 60gh/s for 2k CDN cash? I can get one today.

Projections are OK on genesis block and I wouldn't be converting to coin first.

Any thoughts from fellow slush users?

Give "bitpop" a PM
He had some bfl chips spare from group buy, you will need 16 chips. He may have some left.
(chips due for delivery within the next week to 10 days if I remember correctly)
and PM to "Lucko" for a board and assembly.
If you are quick you will get a brand new 64 Gh BFL clone and maybe some change for 2k. all you will need is a PSU about 500W with 2 PCIe connectors.

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
inevertell
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September 24, 2013, 03:59:13 PM
 #12143

Hmm
I can get a BfL 60gh/s today for 2k cash.

Just wondering if you would do it ..? Not looking for a place to find one though thanks for the info!

And for 2k I just plug it in, I guess it might worth it.
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September 24, 2013, 04:40:48 PM
 #12144

Hmm
I can get a BfL 60gh/s today for 2k cash.

Just wondering if you would do it ..? Not looking for a place to find one though thanks for the info!

And for 2k I just plug it in, I guess it might worth it.

Currently negotiating for 8 boards from "Lucko" (search this forum for Cointamination) its a BFL open source unit. 64Gh/s
$600 for board+assembly, $880 for 16 chips, $50 for PSU. price may go up in 10 days or so when deliveries start.

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
gourmet
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September 24, 2013, 11:58:09 PM
 #12145

Hmm
I can get a BfL 60gh/s today for 2k cash.

Just wondering if you would do it ..? Not looking for a place to find one though thanks for the info!

And for 2k I just plug it in, I guess it might worth it.

So you're saying you needn't wait for ten days, and you obtain complete rig - no need to assemble, for 2k cash? Looks better than the previous post, but still won't pay for itself... With current difficulty, you'd get your first BTC in five days. But the diff is going to increase more than 30 % today. And again and again..
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September 25, 2013, 12:11:19 AM
 #12146

Hmm
I can get a BfL 60gh/s today for 2k cash.

Just wondering if you would do it ..? Not looking for a place to find one though thanks for the info!

And for 2k I just plug it in, I guess it might worth it.

So you're saying you needn't wait for ten days, and you obtain complete rig - no need to assemble, for 2k cash? Looks better than the previous post, but still won't pay for itself... With current difficulty, you'd get your first BTC in five days. But the diff is going to increase more than 30 % today. And again and again..

Order 16 chips from "bitpop" and pay, chips will be shipping soon,  Order board at the end of this week, units will start to ship about 10th October.( search this forum for Cointamination and have a read)

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
gourmet
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September 25, 2013, 12:52:00 AM
 #12147

Hmm
I can get a BfL 60gh/s today for 2k cash.

Just wondering if you would do it ..? Not looking for a place to find one though thanks for the info!

And for 2k I just plug it in, I guess it might worth it.

So you're saying you needn't wait for ten days, and you obtain complete rig - no need to assemble, for 2k cash? Looks better than the previous post, but still won't pay for itself... With current difficulty, you'd get your first BTC in five days. But the diff is going to increase more than 30 % today. And again and again..

Order 16 chips from "bitpop" and pay, chips will be shipping soon,  Order board at the end of this week, units will start to ship about 10th October.( search this forum for Cointamination and have a read)

In two weeks is not the same as today...
Anyway, according to my calculations: With current steady difficulty growth of ~31 % each 11 days (which I don't believe is going to change in near future) you would get about 6.88 BTC in less than a year. That's some $915 in current prices. But you'd be doing about some 0.03 mBTC/day after the year. That means, you'd mine (nearly) nothing after the first year. Thus, the BTC/$ price would have to increase more than 2.2 times just to get your $2k back, with zero profit.

[edit]: The above results don't even count with electricity costs.
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September 25, 2013, 03:42:13 AM
 #12148

Hmm
I can get a BfL 60gh/s today for 2k cash.

Just wondering if you would do it ..? Not looking for a place to find one though thanks for the info!

And for 2k I just plug it in, I guess it might worth it.

I got my BFL Single a few days ago and mining with it on slush's pool. it takes 4-5 days (depending on pool luck) to earn 1 BTC at this difficulty.
But next difficulty level is estimated to be an increase of 34 million...   Cry
It gets me quite unsure wether or not I'll reach ROI on this. But since I got chip coupons from BFL I made contact with Lucko in order to make use of 'em and hopefully increase my hashing rate.  Cool
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September 25, 2013, 10:22:23 AM
 #12149

All pools have their pros and cons.

Yes, if you stop mining on Slush sometime during a round you do get hit pretty hard.

I've mined on BTCGuild before for about a week. NMC is a nice bonus, but for what I've mined there, even with the NMC factored in I still did a little better on Slush. So in my personal experience, I can get a better return mining with Slush.

I'm still mining a little bit with BTCGuild (about 10%) at least until I get enough btc to be able to get a payout.


I'm not going to get into a "my pool can kick your pool's @$$" arguement. I like BTCGuild, they have a nice website layout and the mining rewards are a little bit more consistant. If someone want to try them out, I'm not going to try and talk them out of it.

As a test I am mining on three different pools, with the same hash rate on every pool 24/7. Two with pps, one with DGM (Slush). So far I have a 10-15% higher payout from slush for the last month. It is quite evident where this comes from: pool luck in the last 30 days is above 100% and therefore I have received a 100% pay out of block fees and Transfer fees (which actually do add to the income!!!) On the other hand some pools calculate my income 25btc / difficulty - fee. So I consider this quite greedy and my loyalty will not be endless.

Obviously there is a psychological effect with the long blocks. If you are lucky and mine 10 blocks in an hour you are happy for an hour. If you are unlucky and gain nothing for ten hours you are unhappy for ten hours. I kind of have the Feeling that People get overwhelmed by there ffelings in a situation (mining bitcoins) where only logic counts. So if you are bored go and watch Television or talk to somebody, but dont stare at the stats or the block chain. This may kill your rational. Better look at your email accounts and also look at the 30 day pool luck.

Personally I kind of feel pitty with the pool operators as a whole. Transfer numbers increase, so should costs, but the income from blocks remains equal (at least in btc). As far as I understand Slush is constantly figuring out something, so lets wait and see. 
according to https://bitcointalk.org/index.php?topic=104664.0 this pool does not do DGM, slush said he was going to implement DGM many months ago - but never did

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
tom99
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September 25, 2013, 04:23:55 PM
 #12150

hmm should I buy a BFL 60gh/s for 2k CDN cash? I can get one today.

Projections are OK on genesis block and I wouldn't be converting to coin first.

Any thoughts from fellow slush users?

  you better off to buy BF miner and use less power than BFL 60Gh/s.


you can 25Gh/s starter kit(1300usd) + 25Gh/s Hboard(500usd) for 1800usd Oct. Delivery https://megabigpower.com/shop/index.php?route=common/home


ps: you can OC it +5 or more Gh/s.
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September 25, 2013, 07:54:19 PM
 #12151


according to https://bitcointalk.org/index.php?topic=104664.0 this pool does not do DGM, slush said he was going to implement DGM many months ago - but never did

Hello Graet,

thank you for your correction. DGM was the name for slush's payment method that I found in a note to the pool. I always wondered whether this was really true as it didn't match with other statements in the forum.

In the forum notes I found, nobody ever gave a name to the method applied but I think one may call it Raulo's method, exponentially weigthed payout, "slush exponentially scored mining" or the cooperative sharing method. If there is a name to it, I would be glad to know it. Slush exponentially scored, as in your reference, is not too helpful in my opinion.

Udo

Posession of bitcoins and bitcoin mining is legal in Germany. Use and posession of my bitcoins is according to law, applicable legal framework and principles of UN Global Compact. Place of origin of my bitcoins and my mining equipment is Germany. They are part of my property. Access to this property is absolutely forbidden to non-residents of my household. To avoid ambiguity, I have never and will never grant access on any basis other than stipulated by German law and to be executed by German authorities only. Any act, willful or unwillfull, in awareness or unaware of aforementioned statements, by any person or organization that hampers my ability to anonymously use or mine my bitcoins in any form, will be treated according to German laws. Place of Court will be Germany.
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September 25, 2013, 11:53:25 PM
 #12152


according to https://bitcointalk.org/index.php?topic=104664.0 this pool does not do DGM, slush said he was going to implement DGM many months ago - but never did

Hello Graet,

thank you for your correction. DGM was the name for slush's payment method that I found in a note to the pool. I always wondered whether this was really true as it didn't match with other statements in the forum.

In the forum notes I found, nobody ever gave a name to the method applied but I think one may call it Raulo's method, exponentially weigthed payout, "slush exponentially scored mining" or the cooperative sharing method. If there is a name to it, I would be glad to know it. Slush exponentially scored, as in your reference, is not too helpful in my opinion.

Udo
slush invented the not quite hopper proof payout system and only 2 pools use it, Slush exponentially scored is as accurate a name as any (I do not choose the names for payout systems)
DGM is very different to slush's method.
https://bitcoil.co.il/pool_analysis.pdf is a comprehensive guide to payout methods - well worth a read Smiley

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
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September 25, 2013, 11:57:21 PM
 #12153

Slush congrates on the "Slush Pool 2.0" upgrades! I have been with this pool from my start of mining and wish all here a prosper pool future!

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September 26, 2013, 12:43:34 AM
 #12154

How is variable difficulty being calculated? I ask because I have a stratum proxy running on a server with several miners connecting to Slush's pool through it, all using different worker names. It looks like the difficulty is being adjusted based upon the total number of shares being submitted through the proxy and not on the basis of individual workers. I'm guessing that difficulty is calculated independently for each connection, as all my workers use a single connection to the pool, but just wanted to verify.

Bitrated user: Rishodi.
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September 26, 2013, 12:47:03 AM
 #12155

I just hope the the new and improved Slush 2.0 solves this long-assed block soon and moves on Smiley

Now hanging out on Atomic-Trade.com...
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September 26, 2013, 12:54:46 AM
 #12156

I just hope the the new and improved Slush 2.0 solves this long-assed block soon and moves on Smiley

Pool luck (1 day, 7 days, 30 days): 135%, 98%, 106%

Pool luck looks normal so maybe its just the new mining world with these high difficulties and so many different pools and large solo miners. You can only cut the pie so many times until all the pieces look to small.

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Trongersoll
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September 26, 2013, 01:47:22 AM
 #12157

I just hope the the new and improved Slush 2.0 solves this long-assed block soon and moves on Smiley

Pool luck (1 day, 7 days, 30 days): 135%, 98%, 106%

Pool luck looks normal so maybe its just the new mining world with these high difficulties and so many different pools and large solo miners. You can only cut the pie so many times until all the pieces look to small.


I'm pretty sure that luck reflects the results of the previous block found, not the current block. when this one resolves, it will drag luck down.

*insert appropriate begging line here* 
BTC: 1CS6AV7VnjcPLxaTFoUhTjXK4mQCTzfSxE
Doge: DB22tiynvXKg7SyPpnH9jyfitKLTZb6ejc
visdude
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September 26, 2013, 02:14:18 AM
 #12158

I just hope the the new and improved Slush 2.0 solves this long-assed block soon and moves on Smiley
What Slush 2.0?  Did I miss something?
Miner-TE
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September 26, 2013, 02:45:24 AM
 #12159

I just hope the the new and improved Slush 2.0 solves this long-assed block soon and moves on Smiley
What Slush 2.0?  Did I miss something?

Hello MinerTE,

When I launched mining.bitcoin.cz in late 2010 I didn't really expect the pooled mining concept to become such a success. At the beginning, mining was accessible rather to geeks but gradually the expectations towards a mining pool service have changed a lot.

My goal now is to introduce completely new features and cutting-edge technologies that will make mining accessible to newcomers as well as keep mining.bitcoin.cz attractive for advanced users.

A few months ago I started to make preparations for a new edition of the pool - Slush Pool 2.0. The changes will be gradual and will lead to better user experience. The result should be simply a stronger pool with some great new benefits for you.

Consider today's news as a warm up. In a short time I will release a few more enhancements.

Thanks for being with my pool and good luck! :-)

slush
The pool operator

New Support & Development Team
I have increased my team by two new members Pavel and Jan. Pavel is responsible for bringing new pool features meanwhile Jan is taking care of the infrastructure and stability of the network. Both Jan and Pavel are experienced IT professionals and close friends of mine for more than 15 years and I fully trust them to provide a very dedicated service to the pool. For the last couple of months they have been working alongside with me and are now fully operational. It's also thanks to them that several new features could be deployed.


Vardiff - Slush Pool 2.0 ASIC Ready
The first crucial feature that I'd like to introduce has been deployed three weeks ago and it works pretty well. It's called variable difficulty, or simply vardiff. Vardiff protects the pool from being overloaded by strong ASICs and helps to easily manage the stream of shares from miners to the pool. It creates no impact on the height of your rewards. Having implemented Vardiff, the pool is more stable and truly ASIC ready without any need for manual setting of the difficulty by the user.

FAQ: How does Vardiff work?

Infrastructure boost
We have invested significant time and resources to improve our server infrastructure during the past several months.

Although these improvements are less visible, they are our top priority. Today's infrastructure provides better security and reliability on multiple levels (fallback scenarios, multiple distributed services etc.) and next tasks are on the list. The new infrastructure opens an entirely new space for building cool features on top of it.

Minor reward system changes
While working on completely new and quite exciting rewarding system, we've changed some settings of the current one in order to improve stability (e.g. decrease variance) in miners' income. It has already been deployed.

The change is about altering shape of used scoring function. The function is now less steep than before which means that your submitted shares influence your score for a longer time period. Therefore your score is less sensitive to instant luck of your miners and this leads to a lower variance in results.



BTC - 1PeMMYGn7xbZjUYeaWe9ct1VV6szLS1vkD - LTC - LbtcJRJJQQBjZuHr6Wm7vtB9RnnWtRNYpq
visdude
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September 26, 2013, 04:19:32 AM
 #12160

I just hope the the new and improved Slush 2.0 solves this long-assed block soon and moves on Smiley
What Slush 2.0?  Did I miss something?

Hello MinerTE,

When I launched mining.bitcoin.cz in late 2010 I didn't really expect the pooled mining concept to become such a success. At the beginning, mining was accessible rather to geeks but gradually the expectations towards a mining pool service have changed a lot.

My goal now is to introduce completely new features and cutting-edge technologies that will make mining accessible to newcomers as well as keep mining.bitcoin.cz attractive for advanced users.

A few months ago I started to make preparations for a new edition of the pool - Slush Pool 2.0. The changes will be gradual and will lead to better user experience. The result should be simply a stronger pool with some great new benefits for you.

Consider today's news as a warm up. In a short time I will release a few more enhancements.

Thanks for being with my pool and good luck! :-)

slush
The pool operator

New Support & Development Team
I have increased my team by two new members Pavel and Jan. Pavel is responsible for bringing new pool features meanwhile Jan is taking care of the infrastructure and stability of the network. Both Jan and Pavel are experienced IT professionals and close friends of mine for more than 15 years and I fully trust them to provide a very dedicated service to the pool. For the last couple of months they have been working alongside with me and are now fully operational. It's also thanks to them that several new features could be deployed.


Vardiff - Slush Pool 2.0 ASIC Ready
The first crucial feature that I'd like to introduce has been deployed three weeks ago and it works pretty well. It's called variable difficulty, or simply vardiff. Vardiff protects the pool from being overloaded by strong ASICs and helps to easily manage the stream of shares from miners to the pool. It creates no impact on the height of your rewards. Having implemented Vardiff, the pool is more stable and truly ASIC ready without any need for manual setting of the difficulty by the user.

FAQ: How does Vardiff work?

Infrastructure boost
We have invested significant time and resources to improve our server infrastructure during the past several months.

Although these improvements are less visible, they are our top priority. Today's infrastructure provides better security and reliability on multiple levels (fallback scenarios, multiple distributed services etc.) and next tasks are on the list. The new infrastructure opens an entirely new space for building cool features on top of it.

Minor reward system changes
While working on completely new and quite exciting rewarding system, we've changed some settings of the current one in order to improve stability (e.g. decrease variance) in miners' income. It has already been deployed.

The change is about altering shape of used scoring function. The function is now less steep than before which means that your submitted shares influence your score for a longer time period. Therefore your score is less sensitive to instant luck of your miners and this leads to a lower variance in results.




Thanks.  Though I visit this thread as much as I can, I obviously missed this news somewhere on here.  How long ago was this?
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