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Author Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool  (Read 4346330 times)
anewbie
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November 09, 2011, 04:14:59 AM
 #4561

Regarding the value of PPS and pools, I'd like to say that Slush's pool is better than solo-mining.

Sometime within the last 24 hours, I found my first block on Slush's pool.  My payout thus far is 50.06, and I have a confirmed+uncomfirmed total of just above .52.

That puts my payout/block at somewhere larger than the average block+fee payout.

And, I've paid Slush for the pool; plus spent/cashed in some of my bitcoins long before I found the block.

If I'd been solo mining all this time, I've have shut down long ago.

I'm not trying to fan the flames, but I did want to add my thanks to Slush for the pool and the effort.
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AniceInovation
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November 09, 2011, 06:04:58 AM
 #4562

Something like this slush:


Just in case you didn't see slush (i'm sure you didn't, it's been some busy days)

Another nice addition would be payment after x time; like, payment every 24h instead of reaching a certain quantity!


At last, your average hashrate updates very slowly; i think it updates, and then it updates only after another 10 blocks, instead of updating at the end of a block with the older 9 before that.
Am i crazy?

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November 09, 2011, 07:28:08 AM
 #4563

so, still no takers on the gold/silver thing?

i am imagining it like that:

miners would register a bitcoin adress related to an account on my site.
they could chose the product they'd like to accumulate (choices may include 1g gold bars, krugerrands, 1g silver bars, 1oz silver coins... whatever).
so every time the actual factual price of the product is reached, the system buys one for them.
if they would like to have their stuff shipped, the just tell the system and the moment the calculated postage is reached, voila, stuff is sent on its way.

is that kinda how you wanted it to work out?



I'm interested but how much would the shipping be for the 100x1g silver bars to canada from your location?

And of course it will be couple years before I can pay for it at these rates too ;(



Shipping would be 8,50€.
I imagine that, if I were to be slush-distributor for continental Europe, I could shop at better prices (due to the amount) and shave a little off the top. I'd have to really calculate that thoroughly.


A mining pool considering offering silver as a payout method?  Let me know if you need a North American supplier/distributor slush.

That would make sense, all in all. Not only regarding shipping costs, but also because in the EU, silver coins and bars are subject to  VAT (19% on bars, 7% on coins on average).

Thus, for European miners, it would only make sense to go for gold bars/coins or (at the most) for silver coins.

One would also have to take into account the frequency of payouts... sending one coin every month or sending 10 once a year makes a difference on the shipping! I try to keep shipping as reasonable as I can - but I guess it makes more sense to bundle items.

Seeing that pricewiese, bitcoinmint.US and I am not that far apart, I am even able to beat him for coins in quantities >3 (thats without insurance, however)


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November 09, 2011, 10:36:12 AM
 #4564

Regarding the value of PPS and pools, I'd like to say that Slush's pool is better than solo-mining.

Sometime within the last 24 hours, I found my first block on Slush's pool.  My payout thus far is 50.06, and I have a confirmed+uncomfirmed total of just above .52.

That puts my payout/block at somewhere larger than the average block+fee payout.

And, I've paid Slush for the pool; plus spent/cashed in some of my bitcoins long before I found the block.

If I'd been solo mining all this time, I've have shut down long ago.

I'm not trying to fan the flames, but I did want to add my thanks to Slush for the pool and the effort.

Solo mining induces more variance but less fees.
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November 09, 2011, 10:52:40 AM
 #4565

Just in case you didn't see slush (i'm sure you didn't, it's been some busy days)

I'm aware of this, but now I'm finishing another project. So maybe then, after some rest :-).

Quote
At last, your average hashrate updates very slowly; i think it updates, and then it updates only after another 10 blocks, instead of updating at the end of a block with the older 9 before that.
Am i crazy?

Hashrate is calculated from 10 last blocks, but only twice per day. Originally I designed it for another purpose (for purpose of project which I'm finishing now), so maybe I'll make updates more often, to not confuse users...

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November 09, 2011, 02:33:28 PM
 #4566

Regarding the value of PPS and pools, I'd like to say that Slush's pool is better than solo-mining.

Sometime within the last 24 hours, I found my first block on Slush's pool.  My payout thus far is 50.06, and I have a confirmed+uncomfirmed total of just above .52.

That puts my payout/block at somewhere larger than the average block+fee payout.

And, I've paid Slush for the pool; plus spent/cashed in some of my bitcoins long before I found the block.

If I'd been solo mining all this time, I've have shut down long ago.

I'm not trying to fan the flames, but I did want to add my thanks to Slush for the pool and the effort.

Man, I've found two blocks already and have a total payout of just around 58 btc.  But I'm still sticking with Slush because it's guaranteed income.  Whereas as soon as I switch to solo mining my luck disappears and then it's two years before I find my next block....

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
organofcorti
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November 09, 2011, 03:48:57 PM
 #4567

Regarding the value of PPS and pools, I'd like to say that Slush's pool is better than solo-mining.

Sometime within the last 24 hours, I found my first block on Slush's pool.  My payout thus far is 50.06, and I have a confirmed+uncomfirmed total of just above .52.

That puts my payout/block at somewhere larger than the average block+fee payout.

And, I've paid Slush for the pool; plus spent/cashed in some of my bitcoins long before I found the block.

If I'd been solo mining all this time, I've have shut down long ago.

I'm not trying to fan the flames, but I did want to add my thanks to Slush for the pool and the effort.

Man, I've found two blocks already and have a total payout of just around 58 btc.  But I'm still sticking with Slush because it's guaranteed income.  Whereas as soon as I switch to solo mining my luck disappears and then it's two years before I find my next block....

I found only one block ever, and that was at Slush's pool. I'm up to about 110btc now. Not that surprising - solo variance is a bitch, and mining at a pool decreases it a lot. You could find 6 blocks and only have mined 50btc from a pool, or mine 300btc from a pool and not have a single block found. That's why we mine at pools.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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BitcoinMint.US
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November 09, 2011, 04:35:05 PM
 #4568

A mining pool considering offering silver as a payout method?  Let me know if you need a North American supplier/distributor slush.

Seeing that pricewiese, bitcoinmint.US and I am not that far apart, I am even able to beat him for coins in quantities >3 (thats without insurance, however)

I offer shipping discounts for multiple item orders but I have to be contacted directly due to bit-pay not yet supporting this feature.  Wink
bulanula
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November 09, 2011, 07:26:01 PM
 #4569

A mining pool considering offering silver as a payout method?  Let me know if you need a North American supplier/distributor slush.

Seeing that pricewiese, bitcoinmint.US and I am not that far apart, I am even able to beat him for coins in quantities >3 (thats without insurance, however)

I offer shipping discounts for multiple item orders but I have to be contacted directly due to bit-pay not yet supporting this feature.  Wink

So is the plan for gold "mining" still on ? I think it will decrease BTC value.
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November 09, 2011, 08:02:07 PM
 #4570

bulanula: Firstly, there's no obvious reason why it should do anything with price. People who want to cash out will cash out with or without gold coins offer. And I was only asking for possible demand - it does not mean I'll implement it second day, for various reason.

I still don't think that 30% of pool users will really use this payout method, because most of them don't realize how much cost of "single coin every week" will cost them.

digital
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November 09, 2011, 10:04:43 PM
 #4571

Not to mention the fact that only 65 people have voted, and I'm sure there are a hell of a lot more people using the pool.  Not very likely that we got a representative sampling of the entire community of pool users..

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
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November 09, 2011, 10:52:57 PM
 #4572

bulanula: Firstly, there's no obvious reason why it should do anything with price. People who want to cash out will cash out with or without gold coins offer. And I was only asking for possible demand - it does not mean I'll implement it second day, for various reason.

I still don't think that 30% of pool users will really use this payout method, because most of them don't realize how much cost of "single coin every week" will cost them.

bitcoinmint and me are bouncing some ideas off each other, lets see where that takes us.
might be that we can present you with some interesting propositions - the man has an open mind and hes an entrepreneur. only good can come from this.

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November 10, 2011, 02:55:04 AM
 #4573

I finally added luckmeter to stats page. one day, seven day and one month average is calculated. Keep in mind that especially one day average is very inaccurate, because is calculated only from few last blocks.

Btw 30day average shows that pool had really crippled luck, we had few 10+ mil rounds and added variance thanks to ddos and pool outage. But last 7 days looks pretty nice :-).

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November 10, 2011, 07:46:11 AM
 #4574

You've got my 18 GH/s on your side!
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November 10, 2011, 06:20:51 PM
 #4575

You've got my 18 GH/s on your side!

Welcome to the dark side Cool
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November 10, 2011, 11:19:55 PM
 #4576

So is the plan for gold "mining" still on ? I think it will decrease BTC value.

I think it has just as much potential to cause a rise in price.  For example, lets say someone usually cashes out all of his bitcoins that he receives from the pool everyday.  Then that person decides he wants a gold coin so he sets his account to pay out gold.  He's now saving up bitcoins until he has enough for the coin.  Could you imagine if every miner on slush's pool suddenly started saving up 600+ bitcoins?  That would be very bullish for the bitcoin price.
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November 12, 2011, 05:50:52 PM
 #4577

So is the plan for gold "mining" still on ? I think it will decrease BTC value.

I think it has just as much potential to cause a rise in price.  For example, lets say someone usually cashes out all of his bitcoins that he receives from the pool everyday.  Then that person decides he wants a gold coin so he sets his account to pay out gold.  He's now saving up bitcoins until he has enough for the coin.  Could you imagine if every miner on slush's pool suddenly started saving up 600+ bitcoins?  That would be very bullish for the bitcoin price.

That would be great! But I don't think that too much people will do this...
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Interesting.


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November 13, 2011, 09:34:52 PM
Last edit: November 15, 2011, 04:45:20 AM by AniceInovation
 #4578

Slush, I have been noticing that on fast blocks i'm only getting paid 85% of the normal ones.
Check blocks 8776, 8777 and 8778.

Can you tell me by your logs or something if i'm having connection problem or anything else? Here everything seems normal, i don't see connection problems.


EDIT: something went seriously wrong with block 8841. According to my shares, i should have been payed 7x more than i was.

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November 14, 2011, 07:58:47 AM
 #4579

So is the plan for gold "mining" still on ? I think it will decrease BTC value.

I think it has just as much potential to cause a rise in price.  For example, lets say someone usually cashes out all of his bitcoins that he receives from the pool everyday.  Then that person decides he wants a gold coin so he sets his account to pay out gold.  He's now saving up bitcoins until he has enough for the coin.  Could you imagine if every miner on slush's pool suddenly started saving up 600+ bitcoins?  That would be very bullish for the bitcoin price.

That would be great! But I don't think that too much people will do this...

well, if "only" a dozen or so... depends on how big they are with their mining operations.
A 1GH/s miner would probably need a cuple of days to save up to a coin.
Someone with 30+GH/s wouldnt. It all depends.

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November 14, 2011, 07:43:41 PM
 #4580

luck has been good lately Cheesy  

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