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Author Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool  (Read 4339204 times)
RobertRibbeck
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November 05, 2011, 06:32:32 PM
 #4441



I hate to nitpick but you posted that promise 19 hours ago

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
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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slush
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November 05, 2011, 06:33:51 PM
 #4442

So? It's still "tomorrow". Every day have, at least here, 24 hours.

slush
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November 05, 2011, 06:39:32 PM
 #4443

NMC payouts were sent and automatic payouts are enabled again. Thank you all for your patience.

RobertRibbeck: Exactly as I promised 19 hours ago.

bulanula
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November 05, 2011, 06:57:43 PM
 #4444

NMC payouts were sent and automatic payouts are enabled again. Thank you all for your patience.

RobertRibbeck: Exactly as I promised 19 hours ago.

Thank you for keeping your word mate. You set a good example. Others would have likely ran with the money.
DeathAndTaxes
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November 05, 2011, 06:59:13 PM
 #4445

NMC payouts were sent and automatic payouts are enabled again. Thank you all for your patience.

RobertRibbeck: Exactly as I promised 19 hours ago.

Slush I don't know how you do it.  I mean I could see if it was huge stacks of cash you haven't paid out.  Miners with 100 BTC and 80,000 NMC unpaid, the anexiety would be understandable.  People freaking out of <$1.00 worth of coins because they didn't get paid the same day after a server outage.   Huh Grow up kiddies it is a friggin buck (or less).  

Your a better man the I,  I would simply ban them (which is likely why I don't run a pool  Grin)
slush
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November 05, 2011, 07:07:45 PM
 #4446

Your a better man the I,  I would simply ban them (which is likely why I don't run a pool  Grin)

I've learned a lot of new stuff during this year, thanks to running the pool. Now I don't mean technically, but pool gave me a lesson to not keep everything personally. I'm running public service which keep valuable tokens and I must understand that people are nervous when they don't get what they expected. Only few of them understand the troubles which I had and that I had only a little chance to pretend it, but it's obviously my problem, not theirs. So I'm very glad for all that support from people who understand, but trying to not get mad from people who're crazy about 0.5$ :-).

bulanula
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November 05, 2011, 07:29:05 PM
 #4447

Your a better man the I,  I would simply ban them (which is likely why I don't run a pool  Grin)

I've learned a lot of new stuff during this year, thanks to running the pool. Now I don't mean technically, but pool gave me a lesson to not keep everything personally. I'm running public service which keep valuable tokens and I must understand that people are nervous when they don't get what they expected. Only few of them understand the troubles which I had and that I had only a little chance to pretend it, but it's obviously my problem, not theirs. So I'm very glad for all that support from people who understand, but trying to not get mad from people who're crazy about 0.5$ :-).

Sorry to make you all feel like that but to me even $0.5 is very expensive when the money is not mine but the bank's and I have to give it back. Thank you again slush ! It really mattered to me you kept your word.
disclaimer201
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November 05, 2011, 08:00:10 PM
 #4448

NMC payouts were sent and automatic payouts are enabled again. Thank you all for your patience.

RobertRibbeck: Exactly as I promised 19 hours ago.

Thank you for keeping your word mate. You set a good example. Others would have likely ran with the money.

Obviously, there were too many scams lately and people became paranoid. Trust is a central issue with Bitcoins. If you want people to continue to work for you, you have to start trusting somebody. Read the 225 pages of this thread and it's easy to see Slush has no reason to run anywhere with the money. This is a cool project to be involved in. Much better than most daytime jobs. It's safe to say the pool is his baby and he does it for fun! Money is important, but it's not all about the money, contrary to what some people might believe.
sd
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November 05, 2011, 09:12:05 PM
 #4449

Sorry to make you all feel like that but to me even $0.5 is very expensive when the money is not mine but the bank's and I have to give it back. Thank you again slush ! It really mattered to me you kept your word.

Sorry but I have to ask - How did you manage to spend $5k ( usd? ) on hardware and yet you only have about 900MHash/s ? Are you mining on FPGA's or did most of your hardware fail?
notawake
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November 05, 2011, 09:28:47 PM
 #4450

Sorry to make you all feel like that but to me even $0.5 is very expensive when the money is not mine but the bank's and I have to give it back. Thank you again slush ! It really mattered to me you kept your word.

Sorry but I have to ask - How did you manage to spend $5k ( usd? ) on hardware and yet you only have about 900MHash/s ? Are you mining on FPGA's or did most of your hardware fail?


Not trying to defend freaking out over 50 cents, but I presume that he's mining on multiple pools, but only showing the hash rate for one of his pools in his signature, which is the only source on his hash rate that I see.

Bitcoin: 1HZRowLTkmF6M8V11vj2dmVf2r9VK7dVfo | Namecoin: MxT6tjJZcYZeWUGNgsAMxJ7wpDgKMdub4y

Output Transactions for a Given Address to CSV Format (https://bitcointalk.org/index.php?topic=51121)
trilby
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November 05, 2011, 09:29:53 PM
 #4451

Sorry to make you all feel like that but to me even $0.5 is very expensive when the money is not mine but the bank's and I have to give it back. Thank you again slush ! It really mattered to me you kept your word.

Sorry but I have to ask - How did you manage to spend $5k ( usd? ) on hardware and yet you only have about 900MHash/s ? Are you mining on FPGA's or did most of your hardware fail?


even at 5k on fpga's that is a very low figure

Have I helped you send me a donation - 1LaZmd9ZzpmjA4gkXxiQPsmfQ8zSc5mTZo
sd
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November 05, 2011, 09:37:10 PM
 #4452

Not trying to defend freaking out over 50 cents, but I presume that he's mining on multiple pools, but only showing the hash rate for one of his pools in his signature, which is the only source on his hash rate that I see.

That sounds like the most likely explanation.
RobertRibbeck
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November 05, 2011, 11:21:28 PM
 #4453

NMC payouts were sent and automatic payouts are enabled again. Thank you all for your patience.

RobertRibbeck: Exactly as I promised 19 hours ago.

Thank you
Was what I was waiting for
My Scripts involving namecoins worked as expected
I just needed some namecoins from you to test them

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
slush
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November 05, 2011, 11:50:32 PM
 #4454

Just for curiosity I changed thread poll. Please check what do you personally prefer. Of course other methods than bitcoin payouts have some additional expenses, so they're might be interesting only for people earning enough coins...

As an example, 1oz silver bar is roughly 14BTC + shipping.

trilby
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November 05, 2011, 11:59:23 PM
 #4455

For me personally gold/silver would be the best option (that is till asteroid mining becomes a possibility). But this will really vary from person to person.

I will always put my faith in precious metals as they will always be required. Unfortunatly cryto-currencies will only be as strong as the algorithm they use.

Have I helped you send me a donation - 1LaZmd9ZzpmjA4gkXxiQPsmfQ8zSc5mTZo
notawake
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November 06, 2011, 12:38:36 AM
 #4456

Just for curiosity I changed thread poll. Please check what do you personally prefer. Of course other methods than bitcoin payouts have some additional expenses, so they're might be interesting only for people earning enough coins...

As an example, 1oz silver bar is roughly 14BTC + shipping.

I think we have an economic incentive to keep payouts in BTC. If we want to maintain the value of each Bitcoin block we generate, we should minimize the amount of conversion to other currencies. Currently, some miners may be converting all their BTC immediately. But part of the reason Bitcoin has value is because some people are not doing this. If the pool automatically converted BTC to other currencies, the value of each block we generate would decrease.

Additionally, there's some administrative overhead involved with this extra step. Either you take less profit margin or pass on the extra cost onto the other miners. Both options are not good options.

Bitcoin: 1HZRowLTkmF6M8V11vj2dmVf2r9VK7dVfo | Namecoin: MxT6tjJZcYZeWUGNgsAMxJ7wpDgKMdub4y

Output Transactions for a Given Address to CSV Format (https://bitcointalk.org/index.php?topic=51121)
slush
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November 06, 2011, 01:02:52 AM
 #4457

I think we have an economic incentive to keep payouts in BTC.

Basically you're right, keeping bitcoins and spending them for goods in Bitcoin world is the best possibility. But of course a lot of miners directly sell coins on market, that's the reality. Refusing to offer some interesting payout methods don't make things better.

Actually there are some merchants accepting bitcoins for gold/silver, so payouts in gold *do* help the economy much better than selling them on MtGox for USD and push BTC price down. Of course pool payouts in Bitcoin will be here forever, I'm just thinking if there's enough interest to play with some alternatives.

bulanula
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November 06, 2011, 01:09:09 AM
 #4458

A bit off topic but since you all wanted to know : I have spend that amount on a crazy setup that did not quite work out but I will make it work in the end. ATM I mine with different pools.
Thralen
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November 06, 2011, 01:35:42 AM
 #4459

I keep meaning to save my BTC towards more silver and gold but never quite get there. Jumped to stock up on peanut butter with the last decent size batch of BTC I had gathered (since PB prices are in the middle of going up and total price raises to consumers is estimated that it will be in the 40%-50% range). Before that it was fancy coffee... What can I say, I could get those with what I had or I would've had to wait much longer to get enough for more PMs. Aside from that I don't really make enough btc mining to be interested in alternate payouts, although if the namecoins had an option to be paid out in BTC instead of NMC, that I might go for.

Thralen

Supporting bitcoin as best I can with 1. mining, 2. buying with bitcoin, 3. selling (or trying to) for bitcoin. If you make a donation to:  1MahzUUEYJrZ4VbPRm2h5itGZKEguGVZK1  I'll get it into circulation.
notawake
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November 06, 2011, 01:43:06 AM
 #4460

I think we have an economic incentive to keep payouts in BTC.

Basically you're right, keeping bitcoins and spending them for goods in Bitcoin world is the best possibility. But of course a lot of miners directly sell coins on market, that's the reality. Refusing to offer some interesting payout methods don't make things better.

Actually there are some merchants accepting bitcoins for gold/silver, so payouts in gold *do* help the economy much better than selling them on MtGox for USD and push BTC price down. Of course pool payouts in Bitcoin will be here forever, I'm just thinking if there's enough interest to play with some alternatives.

I thought you are suggesting the possibility of changing all payouts to something other than BTC payouts and I didn't realize that you are actually suggesting additional payout options. My apologies.

Bitcoin: 1HZRowLTkmF6M8V11vj2dmVf2r9VK7dVfo | Namecoin: MxT6tjJZcYZeWUGNgsAMxJ7wpDgKMdub4y

Output Transactions for a Given Address to CSV Format (https://bitcointalk.org/index.php?topic=51121)
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