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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 3856256 times)
bebooba11
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March 19, 2014, 09:57:17 PM
 #15901

Yeah, pretty slow on finding those blocks lately. Over a whole freaking day just for one block.

I was tempted to switch over to another pool, but I keep coming back to this one thing:

Your payout over time should be roughly the same, whether solo-mining or in the largest pool (assuming 100% up time and your hashrate is constant) ... theoretically. But when does it become practically ineffectual to mine in a certain pool? I have a single Antminer S1 giving me an average of 205 Gh/s. Solo mining would obviously be quite futile. The average time I would solve a block over a large enough time frame, assuming constant difficulty, is about three years. That is obviously not practical at all. Slush's total hashrate says we should solve a block ever 4 hours and 41 minutes, given a large enough time frame and assuming constant difficulty. This has proven practically true until recently.

So whether in Slush's pool, somewhere else, or even solo-mining, my daily expected average BTC income from my 205 Gh/s is theoretically constant. And that amount is 0.0243 BTC. And given constant difficulty, a large enough time frame (probably like 50 years or so), the math proves that my daily BTC mined is the same no matter where I mine. Naturally, I didn't account for pool fees.

Back to practicality, how bad would Slush have to get for me to leave? Well, if a bunch of miners left the pool the hashrate would drop, but the reward I would get per block would increase. I would still be rewarded the same daily average, but I would have less frequent rewards. For me personally, I would be content with getting .0486 BTC per block but only once every other day on average. That means good rounds would give a block every day, but bad rounds could last five days. Either way, over a period of three or four months, its probably not that big of a deal.

So, for someone who hopes to make the cost of his S1 back in two to three months, I'm gonna just stick on Slush, unless there are obvious, non-mining related issues, like poor server execution or whatever, or blocks are being solved less than one per 40 hours. Why 40? Because it's a little less than two full days and there's a biblical feel to it. For 40 days we wander mt. slush, in search of holy Bitcoin.

+1

I have mined here for over a year and have briefly dabbled with other pools. My gut feeling always tells me this pool is the 'luckiest' in the long run. Plus if everyone switches to ghashio or btcguild - what do we end up with? One massive pool and centralised bitcoin mining. I'll always mine on 'not the biggest pool'.

Last time I hopped to BTCGuild, luck was down hard in Slushes pool...Slushs (in the long run) would have made me .12 to the .07 I pulled from BTC. I'm not leaving....
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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DaFunkyBeats
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March 19, 2014, 11:00:11 PM
 #15902

Grin
My earnings for our mega round was '0.000000000' yep, that's right, nothing.

I had to laugh when I got home from work and noticed my network was down. Turns out its been down all day.
I'm back on now and ready for the next run of super quick rounds.
 Cheesy
lol! Best story I've read today Grin

I jumped out of a few blocks over the last few days and then they finished within one or two hours. Which annoyed me.

Then I got pig-headed and decided I would not leave until the next block was found - no matter what.

25 hours later Cry

Quite literally the 100% worst possible block in the history of Slush's pool to decide to see through to the end and I did  Cry  Grin

that was brutal.   I was in it till the end.  These big blocks are killer!!!

Question about pools.  Why slush pool over eligius

Where was Dean Cain & the 'Guinness Book of World Records' crew???  Did I miss'm??  Haha.
kkurtmann
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March 19, 2014, 11:18:28 PM
 #15903

well well well,  this will certainly separate the men from the boys around here........

or... the informed from the uninformed.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
kkurtmann
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March 19, 2014, 11:29:53 PM
 #15904

Yeah, pretty slow on finding those blocks lately. Over a whole freaking day just for one block.

I was tempted to switch over to another pool, but I keep coming back to this one thing:

Your payout over time should be roughly the same, whether solo-mining or in the largest pool (assuming 100% up time and your hashrate is constant) ... theoretically. But when does it become practically ineffectual to mine in a certain pool? I have a single Antminer S1 giving me an average of 205 Gh/s. Solo mining would obviously be quite futile. The average time I would solve a block over a large enough time frame, assuming constant difficulty, is about three years. That is obviously not practical at all. Slush's total hashrate says we should solve a block ever 4 hours and 41 minutes, given a large enough time frame and assuming constant difficulty. This has proven practically true until recently.

So whether in Slush's pool, somewhere else, or even solo-mining, my daily expected average BTC income from my 205 Gh/s is theoretically constant. And that amount is 0.0243 BTC. And given constant difficulty, a large enough time frame (probably like 50 years or so), the math proves that my daily BTC mined is the same no matter where I mine. Naturally, I didn't account for pool fees.

Back to practicality, how bad would Slush have to get for me to leave? Well, if a bunch of miners left the pool the hashrate would drop, but the reward I would get per block would increase. I would still be rewarded the same daily average, but I would have less frequent rewards. For me personally, I would be content with getting .0486 BTC per block but only once every other day on average. That means good rounds would give a block every day, but bad rounds could last five days. Either way, over a period of three or four months, its probably not that big of a deal.

So, for someone who hopes to make the cost of his S1 back in two to three months, I'm gonna just stick on Slush, unless there are obvious, non-mining related issues, like poor server execution or whatever, or blocks are being solved less than one per 40 hours. Why 40? Because it's a little less than two full days and there's a biblical feel to it. For 40 days we wander mt. slush, in search of holy Bitcoin.

+1

I have mined here for over a year and have briefly dabbled with other pools. My gut feeling always tells me this pool is the 'luckiest' in the long run. Plus if everyone switches to ghashio or btcguild - what do we end up with? One massive pool and centralised bitcoin mining. I'll always mine on 'not the biggest pool'.

good to see some informed people here recently.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
Cheeseater
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March 20, 2014, 01:23:05 AM
 #15905

BOOM from Gloom Cheesy
amspir
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March 20, 2014, 01:40:20 AM
 #15906

Two in a row, that's more like it.
InfiniteGrim
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March 20, 2014, 03:40:37 AM
 #15907

Two in a row, that's more like it.


I love how we get the best luck when the pool is SHRINKING
tommymal83
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March 20, 2014, 10:14:02 AM
 #15908

 :)with a bit of luck today we may well hit 5-6 blocks, that will do me....
Mblackout
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March 20, 2014, 02:24:20 PM
 #15909

11 hours come one.   lets hit one every 2 hours now..
fredsbend
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March 20, 2014, 03:12:54 PM
 #15910

Slush's total hashrate says we should solve a block ever 4 hours and 41 minutes, given a large enough time frame and assuming constant difficulty. This has proven practically true until recently.

The average time to solve a block in the last four days (15th through the 18th) was 4 hours and 54 minutes. That's exactly in the range I would expect, despite our recent 25 hour sojourn. Let's not forget that we solved 8 blocks on the 15th. That is a good deal above average. Overtime, these things even out. You might be tempted to pool hop, in hopes to avoid the lows and cash in on the highs, but that is really just gambling and might seriously backfire, like it did to one person who posted on the previous page.

I prefer to stay in one spot where my returns are predictable over the coming months.

Bitcoin? Looks like fun.
fredsbend
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March 20, 2014, 03:20:41 PM
 #15911

TO SLUSH:

I hope you still check out this thread every now and then.

I have a few requests for the stats page. Can you add the following data points?:

  • Average time to solve a block
  • Average BTC rewarded per block
  • After the 25 or so on the main page, there could be a link to a CSV file that you update daily and contains the whole last month or three months or even a year.

Thanks. I appreciate your work for the pool and even more so for Bitcoin and its users.

Bitcoin? Looks like fun.
tommymal83
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March 20, 2014, 04:12:45 PM
 #15912

if i am not mistaken slush is averaging approx 30 block hits a week, that seems about the normal,

if anyone knows better please give in your reply......
bspurloc
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March 20, 2014, 06:58:01 PM
 #15913

if i am not mistaken slush is averaging approx 30 block hits a week, that seems about the normal,

if anyone knows better please give in your reply......

30 or more a week is about right. either way it averages out to like .01% more than the other bigger pools.
nottm28
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March 20, 2014, 07:26:39 PM
 #15914

if i am not mistaken slush is averaging approx 30 block hits a week, that seems about the normal,

if anyone knows better please give in your reply......

30 or more a week is about right. either way it averages out to like .01% more than the other bigger pools.

Last 7 days     : 35 blocks
7 days before  : 42 blocks
7 days before  : 29 blocks
7 days before  : 34 blocks

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tommymal83
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March 20, 2014, 09:04:48 PM
 #15915

yeah good stats spot on right.......at least we get decent reward points towards a bitcoin

unlike the big boys with 6 p/th....
fredsbend
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March 20, 2014, 10:21:44 PM
 #15916

You see, now we have seven blocks in one day. It's all good. Pool hop if you want, but you will only maximize your profits by luck alone. Hanging in any single pool gives you predictability.

Bitcoin? Looks like fun.
Mudbankkeith
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March 20, 2014, 10:24:31 PM
 #15917

You see, now we have seven blocks in one day. It's all good. Pool hop if you want, but you will only maximize your profits by luck alone. Hanging in any single pool gives you predictability.

Still time for more blocks  Grin

BTc donations welcome:-  13c2KuzWCaWFTXF171Zn1HrKhMYARPKv97
organofcorti
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March 21, 2014, 02:05:13 AM
 #15918

You see, now we have seven blocks in one day. It's all good. Pool hop if you want, but you will only maximize your profits by luck alone. Hanging in any single pool gives you predictability.

Not true. There's plenty of information about how to maximise income by hopping proportional and scored proportional pools.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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Sir Alan
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March 21, 2014, 10:41:26 AM
 #15919

Not true. There's plenty of information about how to maximise income by hopping proportional and scored proportional pools.
That is so, but I doubt that most of our pool hoppers are sufficiently savvy for that kind of strategy: they appear simply to be chasing past success, like punters trying to bet on a known result.

1Eeyore17YeHrbJW5Q3pSdV8sXujkdrrFc
organofcorti
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March 21, 2014, 10:49:28 AM
 #15920

Not true. There's plenty of information about how to maximise income by hopping proportional and scored proportional pools.
That is so, but I doubt that most of our pool hoppers are sufficiently savvy for that kind of strategy: they appear simply to be chasing past success, like punters trying to bet on a known result.

Ah, well then. That's not pool hopping, that's just being silly.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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