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

[slush]

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]

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..

[BTCcommodities]

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.

[slush]

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 :-).

[Bemtje]

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

[bulanula]

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

Welcome to the dark side

[BitcoinMint.US]

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.

[macrum]

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...

[AniceInovation]

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.

[BTCcommodities]

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.

[silverfuture]

luck has been good lately  

[trilby]

luck has been good lately  

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

[silverfuture]

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

[dietwice]

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?

[slush]

It looks like something has got broken.

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

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? Now it is just averaging out previous luck.

[digital]

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

[silverfuture]

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

[fourd00rgtz]

If anything becomes of the "mine for gold" could we also impliment "mine for silver"?

[naypalm]

If anything becomes of the "mine for gold" could we also impliment "mine for silver"?

Silver would be a very cool idea if this gets implemented 

[BTCcommodities]

If anything becomes of the "mine for gold" could we also impliment "mine for silver"?

Silver would be a very cool idea if this gets implemented 

Hi,

I am currently thinking this through very thoroughly.
There's half a gazillion things to consider - most and bevore all: Is there enough interest to make this viable?

I would propose that those who are interested in saving up to gold or silver contact me via PM - the whole process would have to be initiated manually. This is how I envision it for the time being:

you contact me with the following info:

• name / adress / email
• what you want to save up to 
• your savings interval

I will provide you with a payment adress you can send the BTC to. These are stored with my payment provider.

The savings interval is of importance only if you're saving for, say, Gold - and you don't want to by gramm by gramm, but only every 10 or 20 grams. Else, I will check every working day if one of the desired objects is in range and "buy" it for you. I advise harmonies, since they're most easy to buy and liquidate and sport the lowest premium, but feel free to chose whatever you want.
The prices on my website are updated every minute. I am not yet able to set an alarm for buying, so for now, we will have to to with me checking the price against your balance once a day (I will probably check more often than that, just for the fun of it).

I will then transfer BTC according to the price of the item(s) from "your" wallet adress to mine, so you can watch the process on blockexplorer. I will set aside the item(s) physically and store them seperately from the rest of my inventory.

Should you decide to cash out, contact me and I will provide you with shipping and insurance information (it might be that you may have to buy insurance and additional shipping, depending on the value of the objects and your location).

Tax and customs are, as always, entirely your concern :-D


So that's me bouncing this right into the community. Anyone interested?