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Question: What type of pool payouts do you prefer?
Bitcoins - 3151 (80.4%)
Bank transfer / USD - 407 (10.4%)
Gold/silver coins and bars - 359 (9.2%)
Total Voters: 3915

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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3854453 times)
Idzy
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November 08, 2011, 10:26:27 PM
 #4561

Yes they are offering that but look at it this way, but it all balances out over the long run.  On a short round I earn around 0.013 - 0.015, and the same on a long round.  I might earn more on a long round using pps at elugius but I earn alot less on the short round so it averages out.

You're watching it in wrong way. Don't follow reward *per round*, it doesn't give you almost any valuable information. Per-round reward is affected by too many factors like pool size and rewarding system. And also - who cares about reward PER ROUND? Isn't important reward PER TIME? So follow daily, weekly or monthly income, it is much better measure of pool performance.

240Mhash is enough to see very stable daily or weekly payouts, but maybe not enough to see per round payouts. But again - who cares? Really anybody need to earn the same amount of bitcents every minute or every hour?

Quote
Since the hardware failure

I'm sorry, but you cannot compare fully-working pool with pool which is under reinstall. For example I has been tuning server parameters for few hours with only a half of traffic, the other half has been cut off on firewall. So this is one of reasons why some users saw weird numbers in round rewards during the outage. However I fixed those rounds later by recalculating rounds with proportional method.

My per round is usually pretty steady too, but thats what I was trying to say was that over a period of time, I made more on your pool (Slush's  1.1btc since the hardware problem was solved) than I would have contributing the same number of shares (24000ish) to Eligius which would have netted me around 0.99btc

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Idzy
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November 08, 2011, 10:36:32 PM
 #4562

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 ;(

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Thralen
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November 09, 2011, 12:11:15 AM
 #4563

are all you that stupid

You ask why the name calling. It is because you are contributing nothing to this thread, except the opportunity for people to troll. Now you've devolved to insults yourself. No, I am actually not "that stupid". That is why I am now using the "ignore" function under your name and I recommend everyone else do the same. As you offer nothing to this thread except to foment dissent and contribute several differing types of idiocy. You've said you are gone from Slush's pool. I now suggest you get gone from Slush's thread as you've proven you have nothing to contribute to it.

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.
BitcoinMint.US
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November 09, 2011, 12:14:36 AM
 #4564

A mining pool considering offering silver as a payout method?  Let me know if you need a North American supplier/distributor slush.
Thralen
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November 09, 2011, 12:15:37 AM
 #4565

my observation of slushes pool was over the last 4 MONTH's

Then there was something broken on your side, because pool is performing as expected in long term (and 4 months is enough "long term").

But you're gone, ok, you switched pools and you're happy. Allright, please stop discussion as there's no point at this anymore. If you still want to elaborate possible connection issues or whatever, please write me PM and don't flood this thread. Thank you for your understanding.

I'm also asking others to not continue this flame, it must be really annoying for others to read pages and pages of this mess.

Apologies Slush, I'd had enough and posted my last message before I got to the bottom of the thread and saw your request for everyone to drop it.

Consider it done, ignore function makes it easy to not feel the need to reply to him.

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.
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November 09, 2011, 12:29:53 AM
 #4566

I succesfully implemented prioritization of longpoll broadcasts. It means that crappy CPU miners don't block LP broadcasts for regular miners using GPU or strong rigs, because priority is calculated from average hashrate over last 10 blocks.

Slush I swear you read my brain waves.  I just speculated on bitcoin.stackexchange.com that it would be possible to make pool's LP more efficient by ordering LP messages by hashrate.    It still takes the pool just as long to complete LP broadcast but the curve of the hashing power updated to new block grows quicker (steeper curve).

http://bitcoin.stackexchange.com/q/1940/307

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November 09, 2011, 01:08:21 AM
 #4567

I succesfully implemented prioritization of longpoll broadcasts. It means that crappy CPU miners don't block LP broadcasts for regular miners using GPU or strong rigs, because priority is calculated from average hashrate over last 10 blocks.

Slush I swear you read my brain waves.  I just speculated on bitcoin.stackexchange.com that it would be possible to make pool's LP more efficient by ordering LP messages by hashrate.    It still takes the pool just as long to complete LP broadcast but the curve of the hashing power updated to new block grows quicker (steeper curve).

http://bitcoin.stackexchange.com/q/1940/307



This is why I love Slush's pool - he was the first to market, and has never stopped innovating since then.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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November 09, 2011, 04:14:59 AM
 #4568

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.
AniceInovation
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Interesting.


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November 09, 2011, 06:04:58 AM
 #4569

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
 #4570

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)


bulanula
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November 09, 2011, 10:36:12 AM
 #4571

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
 #4572

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
 #4573

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
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November 09, 2011, 03:48:57 PM
 #4574

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
 #4575

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
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November 09, 2011, 07:26:01 PM
 #4576

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
 #4577

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.

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November 09, 2011, 10:04:43 PM
 #4578

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
 #4579

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
 #4580

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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