Bitcoin Forum
August 18, 2018, 08:53:03 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 [225] 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 ... 1145 »
  Print  
Author Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool  (Read 4340017 times)
Tartarus
Jr. Member
*
Offline Offline

Activity: 47
Merit: 0


View Profile
November 07, 2011, 01:19:54 AM
 #4481

Thanks for forcing me to try another pool

made more elsewhere for the time you were down just on pay per share of only my gpu's

no more shares worth little or nothing after 15 min
no more "invalid blocks"
no more waiting for payout
no more rejected shares because your pool can't play with phoenix
no more problems & promises

I can't say you got what I was'nt or the big miners got it
but it sure wasn't this small miner

oh one last slam to me namecoins DIDN"T payoff with the last of my bitcoins
Guess you'll have some LAME excuse for that too

Shrug, sounds like you've switched to a small pool that does pay for invalids.  Personally after a run of bad luck on small pool I'm about ready to hop back over here once the block finishes.  And do recall slush said NMC would get paid out later (and I've cashed all mine out just fine).  But whatever, to each his own.

Find the above useful?  Send tips to 1KjoJihf7GWHWeQFhDmaw4g7xorkmD13u
1534582383
Hero Member
*
Offline Offline

Posts: 1534582383

View Profile Personal Message (Offline)

Ignore
1534582383
Reply with quote  #2

1534582383
Report to moderator
1534582383
Hero Member
*
Offline Offline

Posts: 1534582383

View Profile Personal Message (Offline)

Ignore
1534582383
Reply with quote  #2

1534582383
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1534582383
Hero Member
*
Offline Offline

Posts: 1534582383

View Profile Personal Message (Offline)

Ignore
1534582383
Reply with quote  #2

1534582383
Report to moderator
1534582383
Hero Member
*
Offline Offline

Posts: 1534582383

View Profile Personal Message (Offline)

Ignore
1534582383
Reply with quote  #2

1534582383
Report to moderator
1534582383
Hero Member
*
Offline Offline

Posts: 1534582383

View Profile Personal Message (Offline)

Ignore
1534582383
Reply with quote  #2

1534582383
Report to moderator
naypalm
Legendary
*
Offline Offline

Activity: 1263
Merit: 1003


coins coins coins!


View Profile WWW
November 07, 2011, 02:42:06 AM
 #4482



[...] Btw this is pool support thread, you should really move somewhere else and not spam here :-).

AniceInovation
Donator
Sr. Member
*
Offline Offline

Activity: 367
Merit: 251


Interesting.


View Profile
November 07, 2011, 05:44:05 AM
 #4483

Slush, one sugestion:
-On the Hall of Fame, add some camp with the user in question, with what place he is, what's its current hash rate and how many block he has found up.

slush
Legendary
*
Offline Offline

Activity: 1372
Merit: 1019



View Profile WWW
November 07, 2011, 08:15:11 AM
 #4484

What a nice Idea! The only thing why I wont't use it, is the ratio between the Silver OZ and the shipping fee. It would be extreme, if they would be sended every time 14 BTC + shipping (1 to 2 BTC in my case if they are sended from CZ to AT) The next Problem would be the toll rates if the reciepent is outside of the EU.

You're absolutely right, shipping prices and gold premium *are* the issue. Delivering a gram of gold around the world every week will have insane overhead, far from stock price of 1oz gold and I'm not sure if people are aware of this. If it will be successful, maybe it will be possible to have more places for sending (at least EU/US), but at the beginning there will be definitely only one location and it will be probably USA, not CZ, because I don't want to handle gold packages personally; I'm not a bank nor gold mine :-).

slush
Legendary
*
Offline Offline

Activity: 1372
Merit: 1019



View Profile WWW
November 07, 2011, 08:18:00 AM
 #4485

Actually I don't want to handle gold personally, for both security and legal reasons. But I have connection to trusted company which can process secure gold delivery. So as far as you trust me and I trust them, there should be everything fine :-).

trust, if you already trust Slush's pool to send you your coins...(some other guys are offering it already, but can you trust them...?)

slush
Legendary
*
Offline Offline

Activity: 1372
Merit: 1019



View Profile WWW
November 07, 2011, 08:31:35 AM
 #4486

Having a direct link from the pool would be a compelling reason to join back up here, but of course, actual rates and types of gold/silver coin would be an issue. Does slush *really* want to get into the bullion dealing business?

As I claimed - not directly, for security and legal reasons. But thanks to high interest here it's probably worth of try. Actually I'm really surprised that 40% of people checked gold/silver payouts option in poll, but I'm not sure they'll *really* use it after they realize that price for 1gram bar + shipping will be far from London fix for 1oz :-D.

I also agree that

slush
Legendary
*
Offline Offline

Activity: 1372
Merit: 1019



View Profile WWW
November 07, 2011, 08:47:43 AM
 #4487

no more shares worth little or nothing after 15 min

Quote from Meni Rosenfeld's paper about pools, part "Myths":

Quote from: Meni Rosenfeld
The value of my score will decay if I quit a score-based pool, so it forces
me to stay.


Score and payouts are additive. The score you were rewarded for shares
submitted in the past will decay the same way whether you stay or quit; the score you
will receive for shares you submit in the future does not rely on the past. Your total
payout is an independent sum of the two factors.

Score-based methods are disadvantageous for intermittent miners.
The expected payout per share in a hopping-proof method is always the fair solo average
no matter when it was submitted, so your expected total reward over a period of
time is equal exactly to the total value of the shares you submitted, no matter what
your mining pattern is.

It's probably the best response which I can provide, because I told the same many times before, obviously without an effect for some users :-).

Quote
no more variance thanks to "invalid blocks"

I slightly changed your quote, to be more correct. Every pool has invalid blocks, only few of them "protect" users by higher fee. It lower their payout variance, but the final effect is same unless pool operator is Mother Theresa and pay for invalid blocks from his own pocket.

Quote
no more rejected shares because your pool can't play with phoenix

phoenix is crippled in serious way and author is aware of this. Actually latest phoenix work without issues for *most* users as 1/3 of all miners on my pool is phoenix. What's an issue?

Quote
no more problems & promises

Well, I know there was many problems lately, unfortunately only few were caused by my incompetence or lack of support. I already apologize for that and cannot do more. About promises - I'm filling them.

Quote
oh one last slam to me namecoins DIDN"T payoff with the last of my bitcoins

Hm, can you describe it more? Are they pending on your profile for some reason? I'm not aware of any problem with payouts.

If you hate me for some reason, you can leave - I don't keep you by force. But there's no need to make such drama about that. Thanks.

slush
Legendary
*
Offline Offline

Activity: 1372
Merit: 1019



View Profile WWW
November 07, 2011, 09:00:31 AM
 #4488

Slush, one sugestion:
-On the Hall of Fame, add some camp with the user in question, with what place he is, what's its current hash rate and how many block he has found up.

Hm, can you describe it more? I probably don't understand. You mean -> slush, make the stats better? :-)

bulanula
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
November 07, 2011, 09:48:29 AM
 #4489

Still has not told us which "magical" Mother Theresa pool he is using now ...
Deafboy
Hero Member
*****
Offline Offline

Activity: 481
Merit: 500



View Profile WWW
November 07, 2011, 10:08:01 AM
 #4490

As I claimed - not directly, for security and legal reasons.
I understand that it's not practical to carry all the gold bars at home and sendig them via post office, but I am also not aware of any legal reasons preventing you from doing that in cz? Can you describe those "legal reasons" more?

The largest issue becomes "friction" and "trust".
If miner cash out often & quickly they don't have to trust the pool BUT then coinage overhead and shipping overhead eats into the yield.

Also I trust YOU enough to let you carry my mined bitcoins (or gold bars) until it's value exceeed some defined treshold, but trust some 3rd party US based company to send me gold over the ocean... that's completely defferent story
slush
Legendary
*
Offline Offline

Activity: 1372
Merit: 1019



View Profile WWW
November 07, 2011, 10:21:37 AM
 #4491

I understand that it's not practical to carry all the gold bars at home and sendig them via post office, but I am also not aware of any legal reasons preventing you from doing that in cz? Can you describe those "legal reasons" more?

There's a lot of legal restrictions on handling with gold in EU, like reporting who bought gold, gold stores need to save their records for many years etc. It's not like go to gold store, buy 1kg of gold bars locally and resend them by post. Actually it's fastest way to get busted :-).

Quote
Also I trust YOU enough to let you carry my mined bitcoins (or gold bars) until it's value exceeed some defined treshold, but trust some 3rd party US based company to send me gold over the ocean... that's completely defferent story

Of course overseas delivery is a little bit tricky and need to be adressed. At this point I'm just asking for interest.

Well, if you trust me, then you also should (at least partially) trust business partner which I carefully choose. Unfortunately I cannot personally do everything. Maybe I'm good as a pool operator, but definitely not as a good gold reseller, because that's not my domain. Let everybody do the job in which he's good enough. And I believe that people who're handling gold as their main business will do better job in gold and silver delivery than me.

bulanula
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
November 07, 2011, 01:21:54 PM
 #4492

Are we talking just for the sake of talking ? We all know that this gold bullion scheme will not be viable for most of the miners in the pool making like 1 BTC / 24 hours at most. This is better suited for miners getting 50 BTC / 24 hours or more etc.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1005


Gerald Davis


View Profile
November 07, 2011, 01:45:54 PM
 #4493

Are we talking just for the sake of talking ? We all know that this gold bullion scheme will not be viable for most of the miners in the pool making like 1 BTC / 24 hours at most. This is better suited for miners getting 50 BTC / 24 hours or more etc.

Depends on how often you want/need to get paid.  If you are willing to trust Slush w/ a month's worth of revenue then silver is definitely viable and smaller gold coins are possible for larger miners.

1 oz gold coins are ~630 BTC which requires roughly 25 GH for 1 month (at current prices/difficulty).
1/2 oz gold coins are ~335 BTC which requires roughly 13 GH for 1 month (at current prices/difficulty).
1/4 oz gold coins are ~174 BTC which requires roughly 7 GH for 1 month (at current prices/difficulty).
1/10 oz gold coins are ~76 BTC which requires roughly 3 GH for 1 month (at current prices/difficulty).

1 oz silver coins are ~15 BTC which requires roughly 0.6 GH for 1 month (at current prices/difficulty).

Yeah if people want the smallest possible coins and payouts once a week it likely doesn't make sense. 


RobertRibbeck
Full Member
***
Offline Offline

Activity: 221
Merit: 100


View Profile
November 07, 2011, 02:01:27 PM
 #4494


oh one last slam to me namecoins DIDN"T payoff with the last of my bitcoins

Quote
Hm, can you describe it more? Are they pending on your profile for some reason? I'm not aware of any problem with payouts.


nope confirmed namecoin with threshold set @ .o1

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
btcex
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
November 07, 2011, 02:23:25 PM
 #4495

Hi slush

Are there plans to add an e-mail notification if a worker does not contribute shares anymore?
I think this feature would be very usefull for a lot of people (including me of course).
sd
Hero Member
*****
Offline Offline

Activity: 730
Merit: 500



View Profile
November 07, 2011, 02:52:06 PM
 #4496


Are Namecoin payouts working right now? I ask because my NMC payment threshold is 20 and my balance is 27.9.

Just asking for information.. Not complaining..
Thralen
Full Member
***
Offline Offline

Activity: 123
Merit: 100


View Profile
November 07, 2011, 03:04:43 PM
 #4497

I noticed someone quoting off the BTC prices for gold. Note, for those who are unaware, fractional gold (and silver) coins demand very high premiums so the small coin once a month or whatever is certainly not the best option. You end up paying lots more per ounce in the long run between premiums and shipping. Just look at the listing of prices above in the thread. A 1 ounce gold coin at 630 BTC but 10 1/10 ounce coins would be 760 btc (and that is actually one of the better premiums I've seen for fractional gold). Silver works in a similar fashion if coins less than 1 ounce are offered.

Just a comment by a PM bug for those who might not have been aware of the markup on fractional coins.

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.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1005


Gerald Davis


View Profile
November 07, 2011, 03:11:35 PM
 #4498

I noticed someone quoting off the BTC prices for gold. Note, for those who are unaware, fractional gold (and silver) coins demand very high premiums so the small coin once a month or whatever is certainly not the best option. You end up paying lots more per ounce in the long run between premiums and shipping. Just look at the listing of prices above in the thread. A 1 ounce gold coin at 630 BTC but 10 1/10 ounce coins would be 760 btc (and that is actually one of the better premiums I've seen for fractional gold). Silver works in a similar fashion if coins less than 1 ounce are offered.

Just a comment by a PM bug for those who might not have been aware of the markup on fractional coins.

Thralen

Very good points.  Those quotes were taken from an online dealer including S&H but you are right you get "less gold for the same price" using smaller coins.  Thus buying 1 oz coin is always better than buying 10x 0.1 oz coins.   

Given the average revenue for a miner in one month silver may be a better option and buying fractional silver coins is just plain silly.  Even with silver miners should expect a longer period between payouts.  Payouts for example once a month based on prior months revenue and shipped in bulk likely would yield the highest return (% of hashing power getting actual silver weight).  Of course that requires more trust but smaller one-off purchases of single silver coins going out daily is likely the lowest value.
AniceInovation
Donator
Sr. Member
*
Offline Offline

Activity: 367
Merit: 251


Interesting.


View Profile
November 07, 2011, 03:31:19 PM
 #4499

Something like this slush:

bz
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
November 07, 2011, 04:37:24 PM
 #4500


Are Namecoin payouts working right now? I ask because my NMC payment threshold is 20 and my balance is 27.9.

Just asking for information.. Not complaining..


I'm seeing this too. I've got a confirmed reward of 35.90265622 NMC with a send threshold of 10.0. But, perhaps I don't understand the payout mechanism. Do long blocks like the one we are currently in play a role?
Pages: « 1 ... 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 [225] 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 ... 1145 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!