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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 3853194 times)
DeathAndTaxes
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November 07, 2011, 08:23:16 PM
 #4521

If you don't see the point it's your loss mine here & loose

NO possible way to lose more than the Deepbit PPS scheme.  It is for fools and their money.  I mean any other pool would be better.  A 10% loss on every share.  No possible way to make up for that.
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digital
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November 07, 2011, 08:28:13 PM
 #4522

champion proportional pay if you must

bottom line:
If you not hashing fast enough at some point the rate of declineing payoff will exceed the shares your miner can submit and you loose to the big boys (especially when's hard to find a share)

proportional is a crap shoot - was the share you sent "Lucky"
if the pool lasts another 15 min it was worthless

you are better off with a pay per share pool at the end of the day
Waiting for confirmations just to see block invaid -- thats hardly instant payout
and name coin's (pooled mining) for the small guy is just a BAD joke

I jumped back to slush for a few hours today
Guess what less pay than deepbit's paypershare

I'm moving - all you fanboys can do what you want
thanks for the ride

I don't even see the point of posting this.  Just a waste of time.  Or maybe trying to get a little flame going...

If you don't see the point it's your loss
mine here & loose

Not my loss, my gain.  When I mine, I set my miners and forget them.   I don't touch 'em every day or hop around whatsoever.  I've gone to all the major pools and tested them out for a minimum of a week straight.  And I'm @ slush right now because it paid the best overall and over time.  Period.

If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20  50051.100  53668.0  53788.0  53571.0  53571.0  52212.0  50729.0  114804.0  115468  78106  69061  58572  54747
RobertRibbeck
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November 07, 2011, 08:53:27 PM
 #4523

If you don't see the point it's your loss mine here & loose

NO possible way to lose more than the Deepbit PPS scheme.  It is for fools and their money.  I mean any other pool would be better.  A 10% loss on every share.  No possible way to make up for that.

well so much for you
my miners are slow and I do better on deepbit with pay per share

How much do you loose here

I mined here for a LOONG time... getting less and less
us little miners are getting screwed
Sorry to you fan boys Thats the way it is

Please "Clear your browser cookies" then use http://bitcoinpyramid.com/r/3360 to Join BitCoin Pyramid
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bulanula
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November 07, 2011, 09:23:21 PM
 #4524

IMHO I mined on both Deepbit and Slush but I found that the deepbit fee is too much and I was getting better luck with slush Smiley
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November 07, 2011, 09:46:45 PM
 #4525

champion proportional pay if you must

bottom line:
If you not hashing fast enough at some point the rate of declineing payoff will exceed the shares your miner can submit and you loose to the big boys (especially when's hard to find a share)

proportional is a crap shoot - was the share you sent "Lucky"
if the pool lasts another 15 min it was worthless

you are better off with a pay per share pool at the end of the day
Waiting for confirmations just to see block invaid -- thats hardly instant payout
and name coin's (pooled mining) for the small guy is just a BAD joke

I jumped back to slush for a few hours today
Guess what less pay than deepbit's paypershare

I'm moving - all you fanboys can do what you want
thanks for the ride

I don't even see the point of posting this.  Just a waste of time.  Or maybe trying to get a little flame going...

If you don't see the point it's your loss
mine here & loose

Not my loss, my gain.  When I mine, I set my miners and forget them.   I don't touch 'em every day or hop around whatsoever.  I've gone to all the major pools and tested them out for a minimum of a week straight.  And I'm @ slush right now because it paid the best overall and over time.  Period.

same as digital

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
digital
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November 07, 2011, 10:25:52 PM
 #4526

If you don't see the point it's your loss mine here & loose

NO possible way to lose more than the Deepbit PPS scheme.  It is for fools and their money.  I mean any other pool would be better.  A 10% loss on every share.  No possible way to make up for that.

well so much for you
my miners are slow and I do better on deepbit with pay per share

How much do you loose here

I mined here for a LOONG time... getting less and less
us little miners are getting screwed
Sorry to you fan boys Thats the way it is


I guess since you mine at Deepbit that makes you a Deepbit fanboy...

If that's all there is too it, then I guess I am a slush fanboy.

If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20  50051.100  53668.0  53788.0  53571.0  53571.0  52212.0  50729.0  114804.0  115468  78106  69061  58572  54747
bulanula
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November 07, 2011, 10:54:46 PM
 #4527

If you don't see the point it's your loss mine here & loose

NO possible way to lose more than the Deepbit PPS scheme.  It is for fools and their money.  I mean any other pool would be better.  A 10% loss on every share.  No possible way to make up for that.

well so much for you
my miners are slow and I do better on deepbit with pay per share

How much do you loose here

I mined here for a LOONG time... getting less and less
us little miners are getting screwed
Sorry to you fan boys Thats the way it is


I guess since you mine at Deepbit that makes you a Deepbit fanboy...

If that's all there is too it, then I guess I am a slush fanboy.

Why does nobody become a p2pool fanboy Tongue
rahl
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November 07, 2011, 11:13:50 PM
 #4528

Why does nobody become a p2pool fanboy Tongue

Because the people mining on Deepbit can't figure out how to install it Smiley

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November 08, 2011, 12:07:51 AM
 #4529

bottom line:
If you not hashing fast enough at some point the rate of declineing payoff will exceed the shares your miner can submit and you loose to the big boys (especially when's hard to find a share)

You are quite wrong about that because you misunderstand how a proportional pool works.

You will get less variance with a PPS pool but a lower average payout. PPS pools need to give you a lower average payout by design as they are covering the variance.

bulanula
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November 08, 2011, 12:12:29 AM
 #4530

bottom line:
If you not hashing fast enough at some point the rate of declineing payoff will exceed the shares your miner can submit and you loose to the big boys (especially when's hard to find a share)

You are quite wrong about that because you misunderstand how a proportional pool works.

You will get less variance with a PPS pool but a lower average payout. PPS pools need to give you a lower average payout by design as they are covering the variance.



What about 0% fee PPS pools like ABC pool etc. !? Diminished earnings compared to prop system or not ?
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November 08, 2011, 01:52:52 AM
 #4531

bottom line:
If you not hashing fast enough at some point the rate of declineing payoff will exceed the shares your miner can submit and you loose to the big boys (especially when's hard to find a share)

You are quite wrong about that because you misunderstand how a proportional pool works.

You will get less variance with a PPS pool but a lower average payout. PPS pools need to give you a lower average payout by design as they are covering the variance.



What about 0% fee PPS pools like ABC pool etc. !? Diminished earnings compared to prop system or not ?

For the love of God! Doesn't anyone inform themselves anymore @ wikipedia and mining guides? A pps pool with 0% fee would be great, except the pool will go bankrupt in no time. A ppl pool always take takes the full risk and may actually end up paying out much more to miners than it is making as a whole.

And for those other comments, what is the deal with that fanboy naming? Has this become the new standard 'Secret of Monkey Island'TM answer if you can't counter an argument on the basis of matter of fact? ;-) No offence.

I mine @ Slush not because of an awesome man-crush on czech programmers but simply because this pool offers low fees, long polling, merged mining and a way to counter pool hopping. I honestly liked BtcGuild but found out that my payouts at 0% prop were somehow less than at Slush's pool over the time of two months. And during that, there were downtimes over there as well. I tried deepbit (10%) and quickly decided against it, if you are willing to go pps, surely there are cheaper alternatives since variance is not a problem with any pps, or is it? I tried other pps pools, but they still have quite high fees and no merged mining. If they do offer merged mining and pps, they have hidden transfer fees that sum up to 10% again (NMCBit).

At least we know why people choose deepbit now, they didn't understand the entire variance thing yet and need to educate themselves a bit more. Bigger pool isn't always better, quite literally.

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November 08, 2011, 12:27:59 PM
 #4532

Ok, so I couldn't stop mining a bit in this pool.
However, I was just trying to change payout address on the NMC when I got a big warning note about "You have pending request for changing Namecoin wallet to:" and in there an email that doesn't belong to me. How do I go about changing that email? It does seem to send a confirmation mail to that address, and I most certainly won't get it.

Ponzi me: http://fxnet.bitlex.org/?ref=588
Thanks to the anonymous person who doubled my BTC wealth by sending 0.02 BTC to: 1BSGbFq4G8r3uckpdeQMhP55ScCJwbvNnG
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November 08, 2011, 01:10:54 PM
 #4533

mining for gold/silver does sound interesting. 
I've been doing this since the very very beginning of my mining exploits, back with slush's pool in actual fact.

Every bitcoin I've mined has been spent on silver and gold coins.

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?

BTW - for those seeking gold, nice small bullion-grade coins are the Mexican 2 and 2.5 peso coins. At current rates, they're costing me around 40-50 BTC each, which is achievable with a smallish mining setup every week. Seeing a gold coin appear in the post every week makes this mad enterprise worth it.

Whether the constant extraction of value from the BTC economy to precious metal bullion is good for the Bitcoin economy is a question best moved to the Economy forum... (the answer is no, it's not that good for all miners to be doing this). For that reason alone, it'd probably be best for the pools to get out of the 'extract value' business and let miners pay other Bitcoin-accepting merchants for their bullion, as it increases the BTC velocity and viability of the currency. If all miners simply cash out from the pool directly, then the value of mining will crash very quickly. All sellers and no buyers - this is a very serious issue BTW.

Where are you getting the coins from mate, since I am in the UK too. Thanks !

This is the same with NMC -> automatically being to BTC. Price will crash soon. We  need to unload the BTC for $$$ with precision. It is a bit like quantitative easing Smiley
It's not really like QE but I won't put my fixed income geek hat on and bore you to death with shifting the maturity profile of outstanding sovereign debt in order to alter the duration and hopefully reduce the yield of short-term debt, allowing cheaper financing for banks at the cost of 'kicking the can' and stoking inflation. Oooops, just have. Sorry.

NMC to BTC is an almost certain crash because of exactly what I said (and you re-iterated) - without a thriving *trade* using the currency, and just sellers cashing out for other currencies, you've effectively got a trading pit full of sellers and no buyers. The only buyers would be speculators, and I can't see many reasons to speculate on NMC with a constantly-fading value unless you can naked short them, which should be illegal. Regular shorts require borrowing the NMC to begin with, creating a buyer and reducing the profit in the short (in a simple market like NMC).

I'm still concerned about the miners-offloading issue with BTC, but there is at least a regular *trade* in BTC and people buying the currency to use in purchasing things they don't want recorded on credit cards / bank accounts (even legal stuff, like gold, causes nervousness - as slush said, European nations are tightening down on personal bullion purchases - requiring reporting to govt - and the USA, of course, has the spectre of Roosevelt and the 1933 gold confiscation... I'd like to see Obama try that *these* days given that American gold-bugs tend to be long on copper and lead Wink too).

Equally, if we spend our mined BTC at a BTC-accepting bullion trader, then there's *some* hope that this will keep the BTC circulating. I know that most bullion traders accept BTC only if they can cash it out immediately... which is just passing the buck, really - but maybe sometimes the trader may keep a 'float' of BTC to spend on items elsewhere. Regardless, it's better to mine your BTC, receive BTC, then spend them in the BTC economy. Having pool operators directly converting mined BTC into other currencies / PMs would be disastrous for the BTC economy IMO - it'd put enormous downward pressure on the BTC rate.


Finance-geek hat off - I use Mick Bruce of MJB Monetary Metals. I've been buying from him since *before* bitcoin, using GBP. He's honest and reliable. But the recent issue with Intersango means he stopped accepting BTC last week - I've got a load burning a hole in my pocket so I ought to contact him to see if anything has changed... Next day UK postage, he's never let me down.

I'm being nice here - didn't want to give this info out on open forum as he only has a limited stock and *I* want it available for *me* to buy with my bitcoins. Cheesy I have no affiliation with Mick - just a satisfied regular customer.

...so I give in to the rhythm, the click click clack
I'm too wasted to fight back...


BTC: 1A7HvdGGDie3P5nDpiskG8JxXT33Yu6Gct
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November 08, 2011, 01:53:49 PM
 #4534

However, I was just trying to change payout address on the NMC when I got a big warning note about "You have pending request for changing Namecoin wallet to:" and in there an email that doesn't belong to me. How do I go about changing that email? It does seem to send a confirmation mail to that address, and I most certainly won't get it.

Are you saying that your account is registered on email which isn't yours?  Please PM me your nickname, your correct email and also email which you see in your confirmation request.

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November 08, 2011, 02:58:44 PM
 #4535

mining for gold/silver does sound interesting. 
I've been doing this since the very very beginning of my mining exploits, back with slush's pool in actual fact.

Every bitcoin I've mined has been spent on silver and gold coins.

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?

BTW - for those seeking gold, nice small bullion-grade coins are the Mexican 2 and 2.5 peso coins. At current rates, they're costing me around 40-50 BTC each, which is achievable with a smallish mining setup every week. Seeing a gold coin appear in the post every week makes this mad enterprise worth it.

Whether the constant extraction of value from the BTC economy to precious metal bullion is good for the Bitcoin economy is a question best moved to the Economy forum... (the answer is no, it's not that good for all miners to be doing this). For that reason alone, it'd probably be best for the pools to get out of the 'extract value' business and let miners pay other Bitcoin-accepting merchants for their bullion, as it increases the BTC velocity and viability of the currency. If all miners simply cash out from the pool directly, then the value of mining will crash very quickly. All sellers and no buyers - this is a very serious issue BTW.

Where are you getting the coins from mate, since I am in the UK too. Thanks !

This is the same with NMC -> automatically being to BTC. Price will crash soon. We  need to unload the BTC for $$$ with precision. It is a bit like quantitative easing Smiley
It's not really like QE but I won't put my fixed income geek hat on and bore you to death with shifting the maturity profile of outstanding sovereign debt in order to alter the duration and hopefully reduce the yield of short-term debt, allowing cheaper financing for banks at the cost of 'kicking the can' and stoking inflation. Oooops, just have. Sorry.

NMC to BTC is an almost certain crash because of exactly what I said (and you re-iterated) - without a thriving *trade* using the currency, and just sellers cashing out for other currencies, you've effectively got a trading pit full of sellers and no buyers. The only buyers would be speculators, and I can't see many reasons to speculate on NMC with a constantly-fading value unless you can naked short them, which should be illegal. Regular shorts require borrowing the NMC to begin with, creating a buyer and reducing the profit in the short (in a simple market like NMC).

I'm still concerned about the miners-offloading issue with BTC, but there is at least a regular *trade* in BTC and people buying the currency to use in purchasing things they don't want recorded on credit cards / bank accounts (even legal stuff, like gold, causes nervousness - as slush said, European nations are tightening down on personal bullion purchases - requiring reporting to govt - and the USA, of course, has the spectre of Roosevelt and the 1933 gold confiscation... I'd like to see Obama try that *these* days given that American gold-bugs tend to be long on copper and lead Wink too).

Equally, if we spend our mined BTC at a BTC-accepting bullion trader, then there's *some* hope that this will keep the BTC circulating. I know that most bullion traders accept BTC only if they can cash it out immediately... which is just passing the buck, really - but maybe sometimes the trader may keep a 'float' of BTC to spend on items elsewhere. Regardless, it's better to mine your BTC, receive BTC, then spend them in the BTC economy. Having pool operators directly converting mined BTC into other currencies / PMs would be disastrous for the BTC economy IMO - it'd put enormous downward pressure on the BTC rate.


Finance-geek hat off - I use Mick Bruce of MJB Monetary Metals. I've been buying from him since *before* bitcoin, using GBP. He's honest and reliable. But the recent issue with Intersango means he stopped accepting BTC last week - I've got a load burning a hole in my pocket so I ought to contact him to see if anything has changed... Next day UK postage, he's never let me down.

I'm being nice here - didn't want to give this info out on open forum as he only has a limited stock and *I* want it available for *me* to buy with my bitcoins. Cheesy I have no affiliation with Mick - just a satisfied regular customer.

I have dealt with Mick Bruce as well (and will in the future) and can second all you have said about him.
I would offer my services as regards to distributing gold and silver to miners.
If I could agree on, say, austrian harmonies or 1g gold bars (so i can standardize my restocking for better prices)...?

Shipping to continental Europe is ~5€ for registered mail, one would have to take this into account. I would also have to remodel my shop as to "auto-trigger" purchases^^

I am turning quite some of the BTC I make around since I do have to restock - but I am also an avid SPENDER of bitcoin (airVPN, bitcointorrentz, and playing on GLBSE)...

If there really is interest in this, I'm game.


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November 08, 2011, 03:01:32 PM
 #4536

However, I was just trying to change payout address on the NMC when I got a big warning note about "You have pending request for changing Namecoin wallet to:" and in there an email that doesn't belong to me. How do I go about changing that email? It does seem to send a confirmation mail to that address, and I most certainly won't get it.

Are you saying that your account is registered on email which isn't yours?  Please PM me your nickname, your correct email and also email which you see in your confirmation request.
Just to clear things up. Nothing wrong with slush's pool. Just errors on my part.

Ponzi me: http://fxnet.bitlex.org/?ref=588
Thanks to the anonymous person who doubled my BTC wealth by sending 0.02 BTC to: 1BSGbFq4G8r3uckpdeQMhP55ScCJwbvNnG
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November 08, 2011, 04:00:55 PM
 #4537

bottom line:
If you not hashing fast enough at some point the rate of declineing payoff will exceed the shares your miner can submit and you loose to the big boys (especially when's hard to find a share)

You are quite wrong about that because you misunderstand how a proportional pool works.

You will get less variance with a PPS pool but a lower average payout. PPS pools need to give you a lower average payout by design as they are covering the variance.



So I guess I DID NOT see it happen in a 3 h period on a 6h block yesterday
guess it was a mirage

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November 08, 2011, 04:04:58 PM
 #4538

So I guess I DID NOT see it happen in a 3 h period on a 6h block yesterday

Yes, you see, but you don't understand. It works also on other side - when you connect in the middle of 6h block, you'll get complete reward as if you has been mining for all 6 hours. So - where's the problem? Everything averages out, it's just your mind who don't accept such concept. Sorry. If you don't like my pool, pick another, but stop trolling here. Thank you.

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November 08, 2011, 04:22:40 PM
 #4539

So I guess I DID NOT see it happen in a 3 h period on a 6h block yesterday guess it was a mirage

3 hours isn't an average of anything with variance that is inherent in hashing.

Tell you what come back in 3 weeks.  I will show my # of shares and revenue.  You show your # of shares and revenue.  Then everyone can laugh at how you decided to throw away 10% 17% (forgot about merged mining) of your hashing power for nothing.
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November 08, 2011, 04:52:28 PM
 #4540

If you don't like my pool, pick another, but stop trolling here. Thank you.

Yes, please.  I don't like having to check in here just to see people fighting over what is the best pool etc. Start another thread for that.
I wish this would just be a thread letting users know about important issues with the pool.
I don't want to turn notifications off because I want to hear about any news like that. 

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