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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 3931722 times)
cosurgi
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October 30, 2011, 08:50:14 AM
 #4241

... everyone's going to want to join for that last 30 minutes so they can get a massive NMC payday.
lol.  Grin

Yeah, everyone should join! (let's keep it a secret that it is unknown when are the last 30min).
People, people - huge jackpot here!

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bulanula
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October 30, 2011, 11:11:35 AM
 #4242

Is the France migration finished now ? Thanks.
Meni Rosenfeld
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October 30, 2011, 11:38:35 AM
 #4243

The only problem with what you're saying above is that no one really knows when a block is going to end. Reverse hopping is only theoretically possible as no one really knows how long the block will be  Wink
AngelusWebDesign is right - assuming the payment is done as he described, and even though he did not articulate it perfectly.

If the round is old and the accumulated NMC reward is high, it is more profitable to mine.

... everyone's going to want to join for that last 30 minutes so they can get a massive NMC payday.
Yeah, everyone should join! (let's keep it a secret that it is unknown when are the last 30min).
People, people - huge jackpot here!
No free lunch. If it's more profitable to mine in an old round, it means it is less profitable to mine in a young round.

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Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
RobertRibbeck
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October 30, 2011, 01:05:28 PM
 #4244

Is the France migration finished now ? Thanks.

Don't think so the web site & jason aps are down

Please "Clear your browser cookies" then use http://bitcoinpyramid.com/r/3360 to Join BitCoin Pyramid
  use my referral & I'll refund a % of your first deposit back to your account
  Deposit .5 BTC or more and I'll give back 50% of what I receive

First Deposit of 1 BTC will get 75% of what I get back
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October 30, 2011, 01:23:31 PM
 #4245

Don't think so the web site & jason aps are down

No, it's up. Refresh your DNS...

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October 30, 2011, 01:27:36 PM
 #4246

The only problem with what you're saying above is that no one really knows when a block is going to end. Reverse hopping is only theoretically possible as no one really knows how long the block will be  Wink
AngelusWebDesign is right - assuming the payment is done as he described, and even though he did not articulate it perfectly.

If the round is old and the accumulated NMC reward is high, it is more profitable to mine.

... everyone's going to want to join for that last 30 minutes so they can get a massive NMC payday.
Yeah, everyone should join! (let's keep it a secret that it is unknown when are the last 30min).
People, people - huge jackpot here!
No free lunch. If it's more profitable to mine in an old round, it means it is less profitable to mine in a young round.

Isn't that always the case with the score-system ?

The oldest shares use their value after a while, half an hour after you stop contributing to a round your already contributed shares have lost all their value, that was always the case. so the longer the round takes the more incentive people have to get 15 mins worth of mining in to be credited with the same reward as people that have been contributing since the start of the round. With the scoring-system it makes no sense to stop mining in the pool when the round takes longer and longer, since you will lose all the work you have done in that round....

As long as the auxiliary chain is not 'scored' as a seperate chain, (slush said he is going to change the pool in the future to make that happen) the NMC reward is based on your BTC-'scoring'
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October 30, 2011, 01:38:46 PM
 #4247

No free lunch. If it's more profitable to mine in an old round, it means it is less profitable to mine in a young round.

Isn't that always the case with the score-system ?

The oldest shares use their value after a while, half an hour after you stop contributing to a round your already contributed shares have lost all their value, that was always the case. so the longer the round takes the more incentive people have to get 15 mins worth of mining in to be credited with the same reward as people that have been contributing since the start of the round. With the scoring-system it makes no sense to stop mining in the pool when the round takes longer and longer, since you will lose all the work you have done in that round....

As long as the auxiliary chain is not 'scored' as a seperate chain, (slush said he is going to change the pool in the future to make that happen) the NMC reward is based on your BTC-'scoring'

I think you're mixing up two different things.

The expected value of a share in this pool is always highest in the early part of a round and then is maintains at just above 0.9 (atm), as you can see in the following graph:

(although  payout system based variance increases with increased round time that is not shown here)

If there is a larger reward than usual because a round is longer, then this changes the payout to favour shares in longer rounds since the value of each share increases.



Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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DutchBrat
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October 30, 2011, 02:00:57 PM
 #4248

That is completely true,

I guess what I meant to say was:

If you have a long long round like yesterday and you would have stopped mining at hour 12, you would have gotten NO payout at all, whilst when you would have started at hour 12, you would have been paid exactly the same as people that had been mining the entire time (or am I wrong in assuming that? - I had a disconnect for 40 mins during that round because I was directing my miners to the website instead of api.xxx.xxx and my estimated reward dropped to zero, in about 30 mins after I had reconnected my estimated reward was back to normal).

So it makes no sense to drop out of a long round, since you will have mined all that time for nothing, but mining 12 hours somewhere else and then mining here would have enhanced your reward.

But that is only theoretical, since you can never know how long a round will last

And luck evens out in infinity anyway, so keep hashing away at Slush's pool !  Grin
organofcorti
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October 30, 2011, 02:05:22 PM
 #4249

So it makes no sense to drop out of a long round, since you will have mined all that time for nothing, but mining 12 hours somewhere else and then mining here would have enhanced your reward.

But that is only theoretical, since you can never know how long a round will last

And luck evens out in infinity anyway, so keep hashing away at Slush's pool !  Grin

Indeed!

However, a small correction - never knowing how long a round will last is not a theoretical problem, it's the basis of probability. If you did jump in at the 12th hour you'd have a good payout, but 300 seconds later your payout is diminishing exponentially. If you can't guess the end of the round precisely, you can't game the pool at the end of the round.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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Meni Rosenfeld
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October 30, 2011, 02:43:09 PM
 #4250

So it makes no sense to drop out of a long round, since you will have mined all that time for nothing, but mining 12 hours somewhere else and then mining here would have enhanced your reward.
That's a common myth. If you've mined for 12 hours and no block was found, then in hindsight, you have mined all that time for nothing whether you drop out or continue mining. Your future mining has no impact whatsoever on what you get for the past mining done, you're faced with a new decision on whether the potential rewards for your future mining are worth it or not. In a hopping-proof method the profitability is always the same.

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Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
cablepair
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October 30, 2011, 02:45:46 PM
 #4251

Mine at a SMPPS pool and then you will love the longer rounds Smiley
organofcorti
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October 30, 2011, 02:50:07 PM
 #4252

Mine at a SMPPS pool and then you will love the longer rounds Smiley

Mine at an SMPPS pool with longer rounds and it will take a long time to get your coinage out. I've been waiting for 6 weeks for some coins from bitpit, an ESMPPS pool.

Mine at an SMPPS pool that's had a bunch of shorter rounds and your time to payout is reduced.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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naypalm
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October 30, 2011, 05:33:52 PM
 #4253

I remember mining at bitpit a long time ago, I was getting 3 or 4 btc payout, but it took weeks to finish the round and forever to get paid.

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October 31, 2011, 12:12:27 AM
 #4254

Reward from current round #8628 will be calculated wrongly. I'll fix it manually later.

Current status:
* Website moved
* api.bitcoin.cz moved
* api2.bitcoin.cz still in London
* database still in London

If you see some performance problems on api.bitcoin.cz, tell me.

To be continued...

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October 31, 2011, 12:18:35 AM
 #4255

Btw I blocked few IPs on webserver. 40rq/s because of some Windows toolbar crap? Are you serious?

So if you can mine but cannot access site, fix your mining tools and tell me your IP.

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October 31, 2011, 11:29:20 AM
 #4256

I'm switching off pool for few minutes, going to database migration.

Edit: Everything went as expected, downtime was less than 5 minutes.

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October 31, 2011, 12:56:10 PM
 #4257

Mine at a SMPPS pool and then you will love the longer rounds Smiley

Mine at an SMPPS pool with longer rounds and it will take a long time to get your coinage out. I've been waiting for 6 weeks for some coins from bitpit, an ESMPPS pool.

Mine at an SMPPS pool that's had a bunch of shorter rounds and your time to payout is reduced.

eligius takes at the very most 3 days to get a payout but its a big (three days worth) payout

and btw: I am not trying to advertise eligius here just reponding to organofcorti's comment - Slush's pool is a great pool - I mined my first 100+ bitcoins ever at his pool back last spring.
organofcorti
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October 31, 2011, 01:04:16 PM
 #4258

Mine at a SMPPS pool and then you will love the longer rounds Smiley

Mine at an SMPPS pool with longer rounds and it will take a long time to get your coinage out. I've been waiting for 6 weeks for some coins from bitpit, an ESMPPS pool.

Mine at an SMPPS pool that's had a bunch of shorter rounds and your time to payout is reduced.

eligius takes at the very most 3 days to get a payout but its a big (three days worth) payout


Off topic (sorry Slush) but I'll bite - is this your experience or Eligius' guarantee? If an SMPPS has a run of long blocks and ends up with a negative buffer, you could be waiting more than three days for a payout.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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DeathAndTaxes
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October 31, 2011, 01:17:09 PM
 #4259

If the overall hashrate on a different timescale then worker hashrate in the API.

obfuscated API results
Code:
{
   "username": "YoMamma", "rating": "none", "send_threshold": "1.00000000", "confirmed_reward": "0.33935663", "workers":
   {
      "YoMamma.SaltyMiner": {"last_share": 1320066559, "score": "909.1899", "hashrate": [b]2031[/b], "shares": 1251, "alive": true},
      "YoMamma.TiredMiner": {"last_share": 1320066556, "score": "817.6093", "hashrate": [b]2088[/b], "shares": 1286, "alive": true}
   },
   "wallet": "1NnhmuvWcvLA6Nfk9qsBHRkhezLJdy52nN", "unconfirmed_nmc_reward": "19.84041906", "unconfirmed_reward": "0.77621847", "estimated_reward": "0.18220834", "hashrate": "[b]1780.191[/b]"
}


Salty is 2.031 GH/s, Tired is 2.088GH/s however overall is 1.780GH/s Huh  Minor but the OCD side of me is going crazy. ... numbers must match ... numbers must match.   Grin
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October 31, 2011, 01:22:46 PM
 #4260

If the overall hashrate on a different timescale then worker hashrate in the API.

Salty is 2.031 GH/s, Tired is 2.088GH/s however overall is 1.780GH/s Huh  Minor but the OCD side of me is going crazy. ... numbers must match ... numbers must match.   Grin

Workers hashrates are calculating from shares in current round, however total hashrate of user is calculated from submits in last 10 blocks. So it's more exact, but have latency.

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