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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 3934142 times)
organofcorti
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August 02, 2014, 02:08:06 PM
 #17581

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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BCwinning
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August 02, 2014, 03:04:26 PM
 #17582

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.
idgaf

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bigbitmine
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August 02, 2014, 04:17:00 PM
 #17583

hi bigbitmine,
what is the payout for eligius? i moved to eligius when slush hit the 1 day duration but the payout was very small

I ran 2 Antminer S3 and an Antminer S1.  Total hash was approx 1050 GH/s.  Earnings were approx 0.025 per day.  Earnings per block was approx 0.0028.  On Slush the they get about 0.0050 per block.  Slush can "normally" churn out about 5 blocks per day on average so it was similar.  Eligius paid out at 0.044.  They add the request to the payment queue and I got the reward after approx 5-6 hours.

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August 02, 2014, 09:56:07 PM
 #17584

hi all, so after week of mining, I am still confused and I am hoping that someone can explain few more things.

So am I reading this right that blocks play critical role in rewards. E.g. if a pool has not found a block for 5 days, then we are all only getting tiny payout? e.g. at 550gh/s I am getting approx 0.0025 for each block found and in last few days we had a good run so there were quite a few. So thats cool. However, if the pool has not found a block for a week lets say, does that mean that all I am getting is the same 0.0025 ? If that is the case, I understand now why ppl are jumping pools but how does the equatino work out over long term if I stay with the pool, does it balance out ? Also, how many blocks on average does Slush's pool find ? Where can I find that statistic?

also regarding the long periods to find a block, if the above is true, then its bit crazy as for example, if I am running a 1THs setup which would chew up approx 900W of power that would equate to $5.40 electricity cost per day but if all I get is 0.0025btc, thats only equal to $1.50 .... so thats why this all confuses me. If someone could explain, that would be great. thanks
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August 02, 2014, 10:22:30 PM
 #17585

Me thinks this pool is dying.
bigbitmine
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August 02, 2014, 10:37:28 PM
 #17586

Here we go again!!!  Another 9 hour minimum.  Time to grit the teeth.

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August 02, 2014, 10:55:54 PM
 #17587

hi all, so after week of mining, I am still confused and I am hoping that someone can explain few more things.

So am I reading this right that blocks play critical role in rewards. E.g. if a pool has not found a block for 5 days, then we are all only getting tiny payout? e.g. at 550gh/s I am getting approx 0.0025 for each block found and in last few days we had a good run so there were quite a few. So thats cool. However, if the pool has not found a block for a week lets say, does that mean that all I am getting is the same 0.0025 ? If that is the case, I understand now why ppl are jumping pools but how does the equatino work out over long term if I stay with the pool, does it balance out ? Also, how many blocks on average does Slush's pool find ? Where can I find that statistic?

also regarding the long periods to find a block, if the above is true, then its bit crazy as for example, if I am running a 1THs setup which would chew up approx 900W of power that would equate to $5.40 electricity cost per day but if all I get is 0.0025btc, thats only equal to $1.50 .... so thats why this all confuses me. If someone could explain, that would be great. thanks

You get your share no matter how long it runs.  Holding participants static, then yes every hit will get you the same. Why would it be different.  If it takes 10 people to find something in an hour you split it.  If it takes the same  10 people to find the same thing in five days you split what you found.  In this case a block of 69 TIT.  Doesn't matter how long it takes.
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August 02, 2014, 11:04:51 PM
 #17588

Here we go again!!!  Another 9 hour minimum.  Time to grit the teeth.

You sure? 
Billbags
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August 02, 2014, 11:22:53 PM
 #17589

hi all, so after week of mining, I am still confused and I am hoping that someone can explain few more things.

So am I reading this right that blocks play critical role in rewards. E.g. if a pool has not found a block for 5 days, then we are all only getting tiny payout? e.g. at 550gh/s I am getting approx 0.0025 for each block found and in last few days we had a good run so there were quite a few. So thats cool. However, if the pool has not found a block for a week lets say, does that mean that all I am getting is the same 0.0025 ? If that is the case, I understand now why ppl are jumping pools but how does the equatino work out over long term if I stay with the pool, does it balance out ? Also, how many blocks on average does Slush's pool find ? Where can I find that statistic?

also regarding the long periods to find a block, if the above is true, then its bit crazy as for example, if I am running a 1THs setup which would chew up approx 900W of power that would equate to $5.40 electricity cost per day but if all I get is 0.0025btc, thats only equal to $1.50 .... so thats why this all confuses me. If someone could explain, that would be great. thanks

You may want to check your electricity rates again. $5.40 a day for 900w? That's a very high estimate.

http://support.bitcoin.cz/Knowledgebase/List


Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
Omarko
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August 02, 2014, 11:31:57 PM
 #17590


You may want to check your electricity rates again. $5.40 a day for 900w? That's a very high estimate.

thats right, its $0.25c per kw, 900W x 24hrs = 21.6kw x 0.25c = $5.40 so yeah, expensive.

so am I right with my question ? or am I reading this whole thing wrong? thanks
Billbags
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August 03, 2014, 12:38:38 AM
 #17591


http://support.bitcoin.cz/Knowledgebase/List


https://mining.bitcoin.cz/stats/


https://bitcointalk.org/index.php?topic=416933.0


https://bitcointalk.org/index.php?board=14.0


http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a


Note: I pay only $0.11 per kw, so I see your concerns. Also, difficulty goes up every 10-14 days(give or take) so you will make less and less unless you keep adding hashpower to keep up. On Slushs Pool right now I get 0.01 Btc per block for every 2.10Th. I have been adding 125ghs to each set of miners every month to keep with that payout. I also sell/replace miners with more efficient ones as they come out if I can get them at a reasonable price.

Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
Omarko
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August 03, 2014, 12:40:35 AM
 #17592


Note: I pay only $0.11 per kw, so I see your concerns. Also, difficulty goes up every 10-14 days(give or take) so you will make less and less unless you keep adding hashpower to keep up. On Slushs Pool right now I get 0.01 Btc per block for every 2.10Th. I have been adding 125ghs to each set of miners every month to keep with that payout

wow, lucky you thats super cheap.
organofcorti
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August 03, 2014, 02:15:11 AM
 #17593

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.
idgaf

Well if you're a typical GHash.IO miner, you're not doing a very good job representing the pool.


Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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yan7181
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August 03, 2014, 03:39:24 AM
 #17594

thanks bigbitmine for the info
after 5 short duration then follow one 9 hours and current 14:55:00.
haih.... Undecided
eleuthria
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August 03, 2014, 04:08:39 AM
 #17595

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.
idgaf

Well if you're a typical GHash.IO miner, you're not doing a very good job representing the pool.



Best part is the accusation in this case is something provably false.  Look at the coinbase of slush's blocks.  They do not contain any merged mining message.  It's not possible to merged mine without embedding data into the BTC block coinbase, something which is publicly available for every block ever mined.

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psahx
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August 03, 2014, 04:58:44 AM
 #17596

Nobody wants to bitch about 3 blocks found in one hour?

 Grin Grin Grin
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August 03, 2014, 06:34:05 AM
 #17597

Nobody wants to bitch about 3 blocks found in one hour?

 Grin Grin Grin


ACK! YOU JINXED IT...(everyone point at him in 'dramatic' manner)


24hr block coming up now I'm afraid

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August 03, 2014, 08:52:15 AM
 #17598

this thread amuses me

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
BCwinning
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August 03, 2014, 12:27:29 PM
 #17599

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.
idgaf

Well if you're a typical GHash.IO miner, you're not doing a very good job representing the pool.


seriously? You are being ripped off and you sit here and defend losing money.
and you seriously got the stupidity to say shit about ghash?
Keep giving your money to slush. losers.
regardless if there is merged mining or not you still are being ripped off
because paying a pool fee is better than not paying one or getting extra coins.
ghash are crooks too but they pay better and I don't represent any pool douchebag

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Official Bitcoin Foundation Secretariat
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organofcorti
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Poor impulse control.


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August 03, 2014, 12:46:00 PM
 #17600

Slush is probably mining them and keeping them for himself as well as charging the pool fee.

Proof? Sounds like bullshit and slander to me.
idgaf

Well if you're a typical GHash.IO miner, you're not doing a very good job representing the pool.


seriously? You are being ripped off and you sit here and defend losing money.
and you seriously got the stupidity to say shit about ghash?
Keep giving your money to slush. losers.
regardless if there is merged mining or not you still are being ripped off
because paying a pool fee is better than not paying one or getting extra coins.
ghash are crooks too but they pay better and I don't represent any pool douchebag


Just um quoting for posterity. Not often I come across posts so completely lacking in useful content, so I want to keep a record.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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