[OLD] Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 #

[baddw]

I have a question about the pool contributors and I am not trying to be troll or stir up a shitstorm. There is one contributor that tops the chart and takes 20% of the earnings every round. Does this not hurt everyone else? Or is it helping everyone else? Would the pool be significantly hurt without them or would everyone's shares and payouts go up without them. It would seem logical that everyone would see a jump in earnings without them. Remember it's just a question not any accusation. Thanks
      

They get 20% of the payouts, but they create 20% of the coins generated by the pool.  This is how pooling works: everybody contributes in the same proportion that they take away.  My rig might be 1/1000th of the power and I receive 1/1000th of the coins generated.  It's the same for everybody.  (EDIT: Although it can vary slightly, depending on the payout scheme.  The CPPSRB is the fairest scheme around, IMO, but still has a tiny amount of variance.)

If they left, theoretically we would all earn the same as we do now.  Personally I am glad to have some heavy hitters in the pool.

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[Cheeseater]

Makes sense Thanks

[wizkid057]

Having more hash power reduces everyone's variance. So it is more beneficial to have them.

[fryarminer]

I have a question about the pool contributors and I am not trying to be troll or stir up a shitstorm. There is one contributor that tops the chart and takes 20% of the earnings every round. Does this not hurt everyone else? Or is it helping everyone else? Would the pool be significantly hurt without them or would everyone's shares and payouts go up without them. It would seem logical that everyone would see a jump in earnings without them. Remember it's just a question not any accusation. Thanks
     

That's actually a good and genuine question. And Baddw gave a great answer.

[klondike_bar]

I have a question about the pool contributors and I am not trying to be troll or stir up a shitstorm. There is one contributor that tops the chart and takes 20% of the earnings every round. Does this not hurt everyone else? Or is it helping everyone else? Would the pool be significantly hurt without them or would everyone's shares and payouts go up without them. It would seem logical that everyone would see a jump in earnings without them. Remember it's just a question not any accusation. Thanks
     

That's actually a good and genuine question. And Baddw gave a great answer.

they are paid 20% for 20% of the pool's hashrate. without them your income would be the same but with higher varience

[freebit13]

I have a question about the pool contributors and I am not trying to be troll or stir up a shitstorm. There is one contributor that tops the chart and takes 20% of the earnings every round. Does this not hurt everyone else? Or is it helping everyone else? Would the pool be significantly hurt without them or would everyone's shares and payouts go up without them. It would seem logical that everyone would see a jump in earnings without them. Remember it's just a question not any accusation. Thanks
     

That's actually a good and genuine question. And Baddw gave a great answer.

they are paid 20% for 20% of the pool's hashrate. without them your income would be the same but with higher varience

i.e. having more power = shorter rounds = more consistent payouts.

I would think it could be a slight advantage to having them in there rather than not as they can handle most of the heavy work that others would take hours to slog through and with more shares being submitted per second it increases the chances of finding a block sooner.

[HellDiverUK]

Personally I am glad to have some heavy hitters in the pool.

This.  Plus the faster they mine, the quicker we find blocks, which means quicker payouts as Eligius pays out on the block.

[merv77]

Eligius has hit 2000TH/s 

congratulations 

[fryarminer]

Eligius has hit 2000TH/s 

congratulations 

Must be Reyhs' rigs.

[fryarminer]

So I took my NMC from when the pool was down and traded it, and have been playing around a bit on CoinEx - I doubled it buying and selling MOON. Thanks WK!
 

[malamashka]

Eligius has hit 2000TH/s 

congratulations 

Must be Reyhs' rigs.

Thats good ...but why my last payout from Eligius stays Immature

[wizkid057]

Thats good ...but why my last payout from Eligius stays Immature

Because you're paid directly from the mined coins (most secure, as pool doesn't get to touch your coins) and mined coins take 120 confirmations before they can be spent (immature).  This is normal.

[zycamaniac]

Thats good ...but why my last payout from Eligius stays Immature

Because you're paid directly from the mined coins (most secure, as pool doesn't get to touch your coins) and mined coins take 120 confirmations before they can be spent (immature).  This is normal.

I really like Eligius pool for going out of your way to make sure that everything is as straight as it gets.


Thanks!

[bitzbank]

seems like 2PH is an unlucky number 

[gravityz3r0]

looks like we've got ourselves the lowest luck in history 

[wizkid057]

looks like we've got ourselves the lowest luck in history 

Not yet.  Lowest luck to-date was about 2 months ago with a 10.5 hour round that ended at 10.7% luck.

[bitzbank]

That's a record no one here is eager to beat....

[baddw]

It all evens out.  We had some unbelievable luck last night, with a 19 second round (OVER 9,000!!!!), plus a 4-minute round back to back with a 1:19 minute round.

Just think of it as, you're building up shelved shares right now.

[bitzbank]

timing.....

[djjacket]

timing.....

nice one...  That busted that block and didn't need to set a record!