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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 3853041 times)
KNK
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February 16, 2014, 07:41:10 PM
 #15001

The variance will always be there and with long periods of bad luck the PPS pools will have to close, so it won't fix the problems from variance, but merely move the impact from the miner to the pool (for a while).

Look at http://bitcoin.sipa.be/speed-lin-2k.png. Do you think 1/3 of the network simply disapears for a day - from 27PH down to 16PH several times on this graph only.

The network should find a block every 6 min regardless of the difficulty, but i remember blocks that took over 2h and that's no pool (even the largest one) had a block for 2+ hours. This equals to 20 times the difficulty shares from the entire network ... 20 is even out of the CDF chart on Slush

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wdalessi
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February 16, 2014, 08:08:09 PM
 #15002

I understand what you are saying, but I feel if Difficulty was a constant that would help. If Difficulty continues to rise, and block times continue to get longer, you will solve fewer blocks over time before the difficulty increases. It is better to participate in as many blocks as possible in order to maximize earnings. For example you are in a small pool. It's a great pool. Your best friend and you run it. Because it is a small pool you only solve one (1) block per difficulty period. Every time you try to solve a new block the difficulty is 20% higher.

If you are in the largest pool run by Joe down the block. He started everything and has 90% of the total network hash rate. You solve a lot of blocks very fast, and get your share based on your hash rate.

If you and your buddies pool hits a bad streak and it takes 30 days to solve one block, difficulty has jumped 2 or 3 times.

In Joe's pool down the block, if he hits a bad spot it took him a couple extra minutes to solve the block.

Joe's pool still solves 1800 blocks before the difficulty goes up.
gourmet
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February 16, 2014, 08:21:02 PM
 #15003

The variance will always be there and with long periods of bad luck the PPS pools will have to close, so it won't fix the problems from variance, but merely move the impact from the miner to the pool (for a while).

Look at http://bitcoin.sipa.be/speed-lin-2k.png. Do you think 1/3 of the network simply disapears for a day - from 27PH down to 16PH several times on this graph only.

The network should find a block every 6 min regardless of the difficulty, but i remember blocks that took over 2h and that's no pool (even the largest one) had a block for 2+ hours. This equals to 20 times the difficulty shares from the entire network ... 20 is even out of the CDF chart on Slush

Normal block periode is 10 minutes, so 2 hours is only 12 times the difficulty.
gollum
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February 16, 2014, 08:28:12 PM
 #15004

I got less than 0.01 BTC in my account, how can I withdraw it all?
wdalessi
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February 16, 2014, 08:32:11 PM
 #15005

Keep mining till you get to .01
Set your payout for .01

If we get some fast blocks that will help.

Faster blocks are coming. But I can't tell you when.
gourmet
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February 16, 2014, 08:32:52 PM
 #15006

Why is the minimum payout so high.  My computer mines so slowly that it will take me months to reach the threshold.

Was the first sentence of your post intended to be a question?
(Hint: Questions end in a question-mark.)
gollum
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February 16, 2014, 08:34:33 PM
 #15007

Keep mining till you get to .01
Set your payout for .01

If we get some fast blocks that will help.

Faster blocks are coming. But I can't tell you when.
I wont mine ever again, it will be a loss for me. I just want my 0.001 out
digdug111
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February 16, 2014, 08:44:11 PM
 #15008

The web site just updated  and we are 3+ hours into the next block and the previous 11+ hours block has 75 verifications left.  Looks like the web site was having an update issue.  Hashing appears to have been working but the web stats were all messed up and the H/s still looks messed up.
necro_nemesis
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February 16, 2014, 08:45:21 PM
 #15009

I haven't witnessed that before, block 21687 showed up processing with 75 confirmations required and some 3 hours in.
Mudbankkeith
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February 16, 2014, 08:49:52 PM
 #15010

I haven't witnessed that before, block 21687 showed up processing with 75 confirmations required and some 3 hours in.

Its the weekend
things get stuck in the pipes at weekends

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Sir Alan
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February 16, 2014, 08:50:13 PM
 #15011

I haven't witnessed that before, block 21687 showed up processing with 75 confirmations required and some 3 hours in.
Just read back over the last page or so.  Wink

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gourmet
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February 16, 2014, 09:01:20 PM
 #15012

Slush has to add a small fee to every payment.  If the threshold was lower, this would become a substantial part of the pool's running expenses.  As Slush takes only a small cut for running the pool (2%) there has to be a limit, or some people would claim every tiny amount they earn, and the thing would be unsustainable.

When Slush would include the payout transactions into his own block, he'd be able to pay it without transaction fees, wouldn't he? Can this be a solution?

(Of course this does not solve the problem of Satoshi dust accumulating in the miner's wallet.)
wdalessi
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February 16, 2014, 09:01:57 PM
 #15013

Well the payout for the block is not showing yet. It should show in the unconfirmed column, and nothing there yet. Maybe soon we hope.

 
manic miner
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February 16, 2014, 09:04:14 PM
 #15014

I have no Unconfirmed rewards showing up for 21687.
What just happened to that one? I looked at it a while ago and it was a 15hr marathon, then its done and we are into a 3hr+.

I thought it was just me. Huh
necro_nemesis
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February 16, 2014, 09:04:42 PM
 #15015

I haven't witnessed that before, block 21687 showed up processing with 75 confirmations required and some 3 hours in.

Its the weekend
things get stuck in the pipes at weekends

 Grin Well that's far better than a leak. Down a bit on the reward, might be a coincidence.
as2davis
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February 16, 2014, 09:44:45 PM
 #15016

Why is the minimum payout so high.  My computer mines so slowly that it will take me months to reach the threshold.
Slush has to add a small fee to every payment.  If the threshold was lower, this would become a substantial part of the pool's running expenses.  As Slush takes only a small cut for running the pool (2%) there has to be a limit, or some people would claim every tiny amount they earn, and the thing would be unsustainable.

Are you mining using only a CPU or GPU?  If so, you are probably not covering your running costs anyway unless you get free electricity.

I have a nvidia gtx 660 ti gpu.  I have switched to scrypt mining because I only get 100 M/hash on my card with bitcoins, and I don't have the funds to upgrade to an ASIAC miner.

Still I have 0.00098937 Btc in my account that I want to transfer, but I would never be able to reach the minimum payout.

My bitcoin address 19Ldz5YuTFjZuNchRdnvmKuZDLdXexC1Ae
KNK
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February 16, 2014, 09:49:45 PM
 #15017

 
Normal block periode is 10 minutes, so 2 hours is only 12 times the difficulty.
Damn, I need to stop doing math when sleepy ... and where those 6min came from Huh
Sorry

Can't sleep so back to the PC, but don't trust my math until tomorrow.

It seems round 21687 is the missing block we found a while ago, so probably some of the admis is working on that.
The account page shows about 1/4 of my hashrate while the estimated reward is jumping ~10% around the expected one with each refresh, so it is probably catching up with the score or it is messed from the total round time change ... anyway it will be fixed sooner or later

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Sir Alan
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February 16, 2014, 09:57:39 PM
 #15018

Still I have 0.00098937 Btc in my account that I want to transfer, but I would never be able to reach the minimum payout.
Is it really worth worrying about?  That's currently about 24p (UK) or whatever the equivalent is in cowrie shells.  Still, one day BTC value may go through the roof.  Perhaps a nice email to Slush asking if he would pay you the balance, pretty please.

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anthem
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February 16, 2014, 10:26:39 PM
 #15019

even with the stats page correcting we're five + hours in and its only showing a CDF of 36.61. .   So its definitely still off. .   Usually we're at 35% of CDF less than 2 hours in. .   It's 50% at 3 or so hours. .  so the numbers here are still off. .   I imagine it'll correct itself as it looked like we were on another round while one was finished. 
wdalessi
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February 16, 2014, 10:52:40 PM
 #15020

Basically,

It looks like it was stuck. The time was from the last block. It does not mean the pool was getting any credit mining from that time. The pool got some partial credit, probably from the point they were able to start fixing things. Basically it's like the pool started mining the block somewhere in the middle of that time period. The block really may not have been mining all that time. This could end up as another long block depending on how lucky the pool gets. I would use shares submitted and not time.
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