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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 3854878 times)
kano
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November 20, 2014, 11:24:21 AM
 #19961

Bitcoin Affiliate Network send me e-mail of comparison that I need to switch to them for bigger rewards of btc...
http://bluebearnc.com/comparing-mining-pools/

I think they caught Slush at bad luck, what do you think?
How did they get your email address ... ?

Early summer when I started mining registered in few popular pools, BitAffNet was one of them.
It just funny that I`m fully on Slush and they send me comparison that Slush has lowest rewards. I think that was time when Slush had bad luck and after that luck turned around.
Anyone who make decisions based on luck,  clearly doesn't understand the statistics of bitcoin mining.
Luck is a term that refers to the past, it has no effect at all on the future.
Thinking that it in any way relates to the future is called Gambler's Fallacy.
http://en.wikipedia.org/wiki/Gambler%27s_fallacy

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
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Sir Alan
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November 20, 2014, 02:00:24 PM
 #19962

Anyone who make decisions based on luck,  clearly doesn't understand the statistics of bitcoin mining.
... which is why I am amused by the pool-hoppers who pile aboard after a couple of blocks are found in quick succession (and irritated by the consequent reduction in payouts per block - yes, I know that that also is subjective, as in theory it should result in more smaller payouts and make no difference overall).

It's not the same thing as jumping ship when a pool is consistently performing below par, as that could indicate an underlying problem, cf. another pool's past issue with a very large miner which did not report correct results.

1Eeyore17YeHrbJW5Q3pSdV8sXujkdrrFc
MrTeal
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November 20, 2014, 02:04:04 PM
 #19963

Anyone who make decisions based on luck,  clearly doesn't understand the statistics of bitcoin mining.
... which is why I am amused by the pool-hoppers who pile aboard after a couple of blocks are found in quick succession (and irritated by the consequent reduction in payouts per block - yes, I know that that also is subjective, as in theory it should result in more smaller payouts and make no difference overall).

It's not the same thing as jumping ship when a pool is consistently performing below par, as that could indicate an underlying problem, cf. another pool's past issue with a very large miner which did not report correct results.
Actually I believe Slush's pool is still a little bit hoppable. It's not like a straight proportional pool but it's still possible to come out ahead mining to ~25% on the CDF and then hopping away.
pikachuy
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November 20, 2014, 08:12:20 PM
 #19964

Anyone who make decisions based on luck,  clearly doesn't understand the statistics of bitcoin mining.
... which is why I am amused by the pool-hoppers who pile aboard after a couple of blocks are found in quick succession (and irritated by the consequent reduction in payouts per block - yes, I know that that also is subjective, as in theory it should result in more smaller payouts and make no difference overall).

It's not the same thing as jumping ship when a pool is consistently performing below par, as that could indicate an underlying problem, cf. another pool's past issue with a very large miner which did not report correct results.
Actually I believe Slush's pool is still a little bit hoppable. It's not like a straight proportional pool but it's still possible to come out ahead mining to ~25% on the CDF and then hopping away.

Yea, it's still can be abused/hopped. Last time, one of my miners died for 8 hours during a long block, i was able to get it mining again during the last few hours until it solved the block. I think the block took like 14 hours or so. My payout was still same as usual as before if I was mining there 24/7.

But the issue was that I didn't mine for the first 8 hours in the beginning of the block Huh

In our words, if the block is taking very long,  you can basically hop on and get your shares in for a couple of hours till it solves it and you will be almost payed the same as if you mined for the whole duration of the long block.

Score system at it's finest...

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MrTeal
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November 20, 2014, 08:25:00 PM
 #19965

Anyone who make decisions based on luck,  clearly doesn't understand the statistics of bitcoin mining.
... which is why I am amused by the pool-hoppers who pile aboard after a couple of blocks are found in quick succession (and irritated by the consequent reduction in payouts per block - yes, I know that that also is subjective, as in theory it should result in more smaller payouts and make no difference overall).

It's not the same thing as jumping ship when a pool is consistently performing below par, as that could indicate an underlying problem, cf. another pool's past issue with a very large miner which did not report correct results.
Actually I believe Slush's pool is still a little bit hoppable. It's not like a straight proportional pool but it's still possible to come out ahead mining to ~25% on the CDF and then hopping away.

Yea, it's still can be abused/hopped. Last time, one of my miners died for 8 hours during a long block, i was able to get it mining again during the last few hours until it solved the block. I think the block took like 14 hours or so. My payout was still same as usual as before if I was mining there 24/7.

But the issue was that I didn't mine for the first 8 hours in the beginning of the block Huh

In our words, if the block is taking very long,  you can basically hop on and get your shares in for a couple of hours till it solves it and you will be almost payed the same as if you mined for the whole duration of the long block.

Score system at it's finest...
That's almost like the opposite of pool hopping. Waiting until the block is underway and trying to get in for the last few hours is a good way to lose a lot of coins.
dmwardjr
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November 20, 2014, 08:30:04 PM
 #19966

Is it possible we could have our first ever decrease in difficulty the next difficulty change?

Very possible!

We'll see...

Bitcoin Difficulty:   40,300,030,328
Estimated Next Difficulty:   40,303,871,431 (+0.01%)
Adjust time:   After 1748 Blocks, About 12.1 days
Hashrate(?):   285,000,092 GH/s
Block Generation Time(?):   
1 block: 10.0 minutes
3 blocks: 29.9 minutes
6 blocks: 59.8 minutes
Updated:   14:10 (14.2 minutes ago)

BTC ADDRESS: 1HBSBwbFDg2XQii8cNJGAhLyd2mFS4jbG9
pikachuy
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November 20, 2014, 08:34:55 PM
 #19967

Quote
That's almost like the opposite of pool hopping. Waiting until the block is underway and trying to get in for the last few hours is a good way to lose a lot of coins.

Yea, I'm just saying the score system can be abused. For example, lets say you mine on a PPLNS pool normally, and you've been mining on the PPLNS pool for 12 hours now. You then noticed that slush's pool is having a long block period, like 12+ hours, you then hop onto slush's pool, and hope it solves in a couple of hours or so. 5 hours later, slush's block was solved, and your payout is almost similar as if you were mining for the whole 17 hours on slush's pool. But in reality, you also mined 12 hours on the PPLNS pool and you will still get your shares from the PPLNS but you will also get your payout from only mining on slush's pool for 5 hours. And with how the score system works, your payout will almost be similar to as if you were mining for the whole 17 hours, or the last 5 hours of when the block was solved.

And after that long block was solved from slush's pool, you return back normally to the PPLNS pool.

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MrTeal
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November 20, 2014, 08:39:32 PM
 #19968

Is it possible we could have our first ever decrease in difficulty the next difficulty change?

Very possible!

We'll see...

Bitcoin Difficulty:   40,300,030,328
Estimated Next Difficulty:   40,303,871,431 (+0.01%)
Adjust time:   After 1748 Blocks, About 12.1 days
Hashrate(?):   285,000,092 GH/s
Block Generation Time(?):   
1 block: 10.0 minutes
3 blocks: 29.9 minutes
6 blocks: 59.8 minutes
Updated:   14:10 (14.2 minutes ago)

There's been decreases in difficulty before, it's just been awhile.
MrTeal
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November 20, 2014, 08:42:50 PM
 #19969

Quote
That's almost like the opposite of pool hopping. Waiting until the block is underway and trying to get in for the last few hours is a good way to lose a lot of coins.

Yea, I'm just saying the score system can be abused. For example, lets say you mine on a PPLNS pool normally, and you've been mining on the PPLNS pool for 12 hours now. You then noticed that slush's pool is having a long block period, like 12+ hours, you then hop onto slush's pool, and hope it solves in a couple of hours or so. 5 hours later, slush's block was solved, and your payout is almost similar as if you were mining for the whole 17 hours on slush's pool. But in reality, you also mined 12 hours on the PPLNS pool and you will still get your shares from the PPLNS but you will also get your payout from only mining on slush's pool for 5 hours. And with how the score system works, your payout will almost be similar to as if you were mining for the whole 17 hours, or the last 5 hours of when the block was solved.

And after that long block was solved from slush's pool, you return back normally to the PPLNS pool.
That's not really abusing the score system, since doing that you will actually end up with less coins than if you just mined on Slush 100% of the time. When you're pool hopping you want to mine on the proportional pool (or Slush's Pool) at the very start of a round, and then hop away after a certain period of time if a block hasn't been found.
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November 20, 2014, 08:46:33 PM
 #19970

Quote
That's not really abusing the score system, since doing that you will actually end up with less coins than if you just mined on Slush 100% of the time. When you're pool hopping you want to mine on the proportional pool (or Slush's Pool) at the very start of a round, and then hop away after a certain period of time if a block hasn't been found.

I thought with slush's pool, if the block is long and you only contributed in the first portion of the block and you leave elsewhere, your score/shares becomes useless.

On the side note, what I'm trying to say is why should a person get almost the same payout if they only came and mine for the last 5 hours of the long block, when someone has been contributing for the same whole 17+ hour block will get similar payout also.

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MrTeal
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November 20, 2014, 08:49:57 PM
 #19971

Quote
That's not really abusing the score system, since doing that you will actually end up with less coins than if you just mined on Slush 100% of the time. When you're pool hopping you want to mine on the proportional pool (or Slush's Pool) at the very start of a round, and then hop away after a certain period of time if a block hasn't been found.

I thought with slush's pool, if the block is long and you only contributed in the first portion of the block and you leave elsewhere, your score/shares become becomes useless.
You do. However, you're less likely to solve a block in a given amount of time near the end of the block than at the start. ooc has a good blog post on slush's pool from quite awhile ago that is good reading.
http://howtohop.blogspot.ca/2012/03/how-to-hop-part-1-slushs-pool.html
cris12821
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November 21, 2014, 01:15:20 AM
 #19972

Dang Difficulty increases.  Slush never lets you down.  but the raised Difficulty and lowered $/BC sure does.


Looks Like I'll be turning on another 2-3 AntminerS1s next week for a total of 2.2TH/s  to sort of bring me back in the game.

It's hard to stay up to date and in the game when your in college and BTC are your ONLY source of income.      But it's helped me out so far.


Now I just gotta pull some more invisible money out of my ass for another S3 or 2  Sad


All these S1s I got all over the place is brutal and makes it very hard to maintain them.  Tongue  But it works..


I'm stupidly jealous of all of you who can bu many S3s or Miners and still have money to setup a little network for them.  


So jealous... Care to share Cheesy    

GL to all  who has cash flow.









i wonder if the BItcoin network knows that if they turn of 10% of their miners for a few weeks that the diff will drop dramsitaclly which will increase their profit DRAMASTICALLy.  but naw.  everyones theory.  I'ma add more power soo i can make more money... but because i keep adding more to make more money i have to add eve more to make even more money because the diff keeps going up.




Uncommon sense i tell ya... It's no longer Common sense.

Give Respect , Get Respect
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November 21, 2014, 04:53:34 AM
 #19973

Is it possible we could have our first ever decrease in difficulty the next difficulty change?

Very possible!

We'll see...

Bitcoin Difficulty:   40,300,030,328
Estimated Next Difficulty:   40,303,871,431 (+0.01%)
Adjust time:   After 1748 Blocks, About 12.1 days
Hashrate(?):   285,000,092 GH/s
Block Generation Time(?):   
1 block: 10.0 minutes
3 blocks: 29.9 minutes
6 blocks: 59.8 minutes
Updated:   14:10 (14.2 minutes ago)

There's been decreases in difficulty before, it's just been awhile.






and I doubt that We willl have any anytime soon.  New Hardware = thousands more buying and thousands more turning on thus doubling the diff and decreasing the cost/BTC.       


I suspect we wont have any drops for like a year when new Hardware stops being developed and bought.  In the meantime.   Expect to get shut out of the game due to diff rise.   


Wether I pay for hydro or not.    I will enver stop.  Sicne BTc are my only source of income.




All these calculations ad stuff.. more miners.. better and faster profit.. but since u add more u increase the diff more.    making profit harder to get.



When if the whole Bitcoin network(which they will never ever do because they dont have common sense)   turned off 10-20% of their miners.  the Difficulty would probably drop back to the 20s it was at like 18 a few months back... now its at 40. 

turn of 10-20% of all miners on the bitcoin network.  and we willl probably get  back their DOUBLING everyone profit  and at a much much faster rate.     


turn off your old miners.  Keep all your new miners running.





But That would make sense... Just nobody will do that because nobody wants Dust collectors sitting around. 

Again.. it comes back to Uncommon Sense

Give Respect , Get Respect
MrGreenHat
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November 21, 2014, 05:08:19 AM
 #19974

Is it possible we could have our first ever decrease in difficulty the next difficulty change?

Very possible!

We'll see...

Bitcoin Difficulty:   40,300,030,328
Estimated Next Difficulty:   40,303,871,431 (+0.01%)
Adjust time:   After 1748 Blocks, About 12.1 days
Hashrate(?):   285,000,092 GH/s
Block Generation Time(?):   
1 block: 10.0 minutes
3 blocks: 29.9 minutes
6 blocks: 59.8 minutes
Updated:   14:10 (14.2 minutes ago)

There's been decreases in difficulty before, it's just been awhile.






and I doubt that We willl have any anytime soon.  New Hardware = thousands more buying and thousands more turning on thus doubling the diff and decreasing the cost/BTC.       


I suspect we wont have any drops for like a year when new Hardware stops being developed and bought.  In the meantime.   Expect to get shut out of the game due to diff rise.   


Wether I pay for hydro or not.    I will enver stop.  Sicne BTc are my only source of income.




All these calculations ad stuff.. more miners.. better and faster profit.. but since u add more u increase the diff more.    making profit harder to get.



When if the whole Bitcoin network(which they will never ever do because they dont have common sense)   turned off 10-20% of their miners.  the Difficulty would probably drop back to the 20s it was at like 18 a few months back... now its at 40. 

turn of 10-20% of all miners on the bitcoin network.  and we willl probably get  back their DOUBLING everyone profit  and at a much much faster rate.     


turn off your old miners.  Keep all your new miners running.





But That would make sense... Just nobody will do that because nobody wants Dust collectors sitting around. 

Again.. it comes back to Uncommon Sense
I'm beginning to wonder if you have any common sense. Why would anyone have any incentive to turn off 10-20% of their miners when they have no idea in actuality that every other miner is doing the same thing? Any miner who chooses not to turn off their rigs will have a 10-20% increase in their chance of finding blocks during your brilliant "difficulty manipulation theory".
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November 21, 2014, 01:19:25 PM
 #19975

Last time, one of my miners died for 8 hours during a long block, i was able to get it mining again during the last few hours until it solved the block. I think the block took like 14 hours or so. My payout was still same as usual as before if I was mining there 24/7.

...

Score system at it's finest...

Actually it's a feature. I recommend to read https://beta.mining.bitcoin.cz/user-manual/rewards and especially understand the first graph there. You cannot systematically "abuse" the pool like this, because you never know when the round ends...

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November 21, 2014, 01:24:46 PM
 #19976

ooc has a good blog post on slush's pool from quite awhile ago that is good reading.
http://howtohop.blogspot.ca/2012/03/how-to-hop-part-1-slushs-pool.html

This post from 2012 is quite obsolete, lot of things changed in the meantime. The main difference between current scoring system and ooc's analysis is that the score is continuous, and there's nothing like edge of the round when score is restarted back from zero. That was the major downside of old scoring method, because it made pool hoppable.

I recommend to read very detailed description of current scoring method here: https://beta.mining.bitcoin.cz/user-manual/rewards

Moria843
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November 21, 2014, 01:29:56 PM
 #19977

Trying to "beat" the system is like trying to predict the future. Good luck! - That's what you need Cry

Hot time, summer in the city, back of my mine getting hot & gritty!!!
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November 21, 2014, 01:53:53 PM
 #19978

ooc has a good blog post on slush's pool from quite awhile ago that is good reading.
http://howtohop.blogspot.ca/2012/03/how-to-hop-part-1-slushs-pool.html

This post from 2012 is quite obsolete, lot of things changed in the meantime. The main difference between current scoring system and ooc's analysis is that the score is continuous, and there's nothing like edge of the round when score is restarted back from zero. That was the major downside of old scoring method, because it made pool hoppable.

I recommend to read very detailed description of current scoring method here: https://beta.mining.bitcoin.cz/user-manual/rewards
Excellent, thank you very much slush. When did you implement the change from the straight exponential to the moving average?
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November 21, 2014, 02:31:23 PM
 #19979

ooc has a good blog post on slush's pool from quite awhile ago that is good reading.
http://howtohop.blogspot.ca/2012/03/how-to-hop-part-1-slushs-pool.html

This post from 2012 is quite obsolete, lot of things changed in the meantime. The main difference between current scoring system and ooc's analysis is that the score is continuous, and there's nothing like edge of the round when score is restarted back from zero. That was the major downside of old scoring method, because it made pool hoppable.

I recommend to read very detailed description of current scoring method here: https://beta.mining.bitcoin.cz/user-manual/rewards

Wow....it's like the hand of God reached down from the Heavens....and gave a big *whack* across the face  Embarrassed  Priceless....

 Wink Slush is back!!!
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November 21, 2014, 07:21:16 PM
 #19980

All hail the Bitcoin God, his name is Slush.

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
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