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Author Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool  (Read 4373000 times)
organofcorti
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November 09, 2011, 03:48:57 PM
 #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.

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
 #4562

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
 #4563

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
 #4564

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
 #4565

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
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November 09, 2011, 10:52:57 PM
 #4566

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
 #4567

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
 #4568

You've got my 18 GH/s on your side!
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November 10, 2011, 06:20:51 PM
 #4569

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
 #4570

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
 #4571

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
 #4572

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
 #4573

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
 #4574

luck has been good lately Cheesy  

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November 14, 2011, 07:53:30 PM
 #4575

luck has been good lately Cheesy  

yes its been really good luck on the day when my most powerful miner goes offline due to a connection issue and i loose half my hash power
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November 14, 2011, 08:12:49 PM
 #4576

I took off in the middle of the night to correct low hashing power. Ended up upgrading the kernel and miner version so along with waiting to see how it turned out I was away for a couple hours. My GF is very understanding Cheesy

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November 15, 2011, 03:40:20 PM
 #4577

It looks like something has got broken.
What's the probability of a lot of short blocks to be followed by several very long in a row?
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November 15, 2011, 03:49:35 PM
 #4578

It looks like something has got broken.

Everything is ok. What was the probability that pool had >130% luck for many days before?

Quote
What's the probability of a lot of short blocks to be followed by several very long in a row?

I don't know. But are you saying that there's some magical bug thanks to which pool is sometimes finding blocks in very short rounds? Wink Now it is just averaging out previous luck.

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November 15, 2011, 04:28:49 PM
 #4579

Yeah, the one day luck was up over 150% for a while there.  I can deal with a few long rounds after that...

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 15, 2011, 06:40:48 PM
 #4580

7 day luck is 107% ... after the challenges of the past weeks it is welcome. Thanks for your work slush.

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