[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool

[slush]

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? :-)

[1714065806]

1714065806

[bulanula]

Still has not told us which "magical" Mother Theresa pool he is using now ...

[Deafboy]

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]

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 :-).

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]

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]

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]

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.

nope confirmed namecoin with threshold set @ .o1

[btcex]

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]

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]

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

[DeathAndTaxes]

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]

Something like this slush:

[bz]

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?

[rjk]

If I remember correctly, payouts run every 15 minutes, so perhaps that part is broken. It will probably be fixed soon, since Slush is good at that 

[2weiX]

i have a payout not showing up since the 5th.
wrote the bitparking admin, waiting for response.

[sd]

i have a payout not showing up since the 5th.
wrote the bitparking admin, waiting for response.

Bitparking? I think you have the wrong topic.

[2weiX]

i have a payout not showing up since the 5th.
wrote the bitparking admin, waiting for response.

Bitparking? I think you have the wrong topic.

no, I just didnt post the three sentences that should've went before or after these.
what i meant was that slush seems to be paying out okay, but the NMC never appeared in my bitparking thingy.

[trilby]

i have a payout not showing up since the 5th.
wrote the bitparking admin, waiting for response.

Bitparking? I think you have the wrong topic.

no, I just didnt post the three sentences that should've went before or after these.
what i meant was that slush seems to be paying out okay, but the NMC never appeared in my bitparking thingy.

Bitparking addresses are only valid for one use i belive

[slush]

NMC payouts fixed, it was stupid issue. Namecoin timed out during sending payouts for some unknown reason, which stops automatic payouts and need manual investigation from my side. However I forgot to setup alert for namecoind daemon (it was only for bitcoin daemon) for this issue on new server so I missed that problem in monitoring. Now they're sent and monitoring fixed.

[slush]

no, I just didnt post the three sentences that should've went before or after these.
what i meant was that slush seems to be paying out okay, but the NMC never appeared in my bitparking thingy.

Bitparking addresses are only valid for one use i belive

Yes, it's pretty stupid, bitparking cannot be used for pool payouts - or you need to change address everytime you receive email about payout. Btw if you click in Transaction history to NMC address, you'll see NMC block explorer. If payout is listed there, then it's out of the pool.