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

[Parazyd]

Love the addons!

[jkminkov]

So I might get paid the 0.26804234 BTC in shelved shares that have been sitting there for months?

you would be payed 50% of those 0.26804234, read post above yours

[wizkid057]

So I might get paid the 0.26804234 BTC in shelved shares that have been sitting there for months?

you would be payed 50% of those 0.26804234, read post above yours

I believe that number already took into account the recent fix.

[iambaboon]

Nice work on the stats. 

[wizkid057]

Greetings!

Manual payout sent to catch up from the couple of empty longpoll-work blocks we mined recently!  Payout queue is back to normal length.

Blockchain.info - Transaction 0fdd24e2f860f00ce89cf330883c8a0b99279276d123918be67d8aa0cfec7040

Note that due to Eligius's lower than normal fee policy, that transaction may not make it into a block until Eligius mines it.

Thanks!

-wk

[Parazyd]

We received it. Thanks!

[ssateneth]

Mr asic miner thats mining at our pool, please don't go away! We're 0% fee! Hop-proof too!

[Parazyd]

Who's the mystery miner?

[wizkid057]

Greetings, Eligius Miners!

So, few things going on recently!  First, lots of updates to the stats as many have noticed.  (Thank you to those who donated, its appreciated!)  Additions to user stats pages, as well as a couple of graphs to help describe the "luck/variance" of the CPPSRB reward system in the form of a hypothetical 1GH miner that was mining for the past 60 days.  Notice that as of now, that miner would have been paid close to 100% PPS.  It actually was at 100%, but, few recent bad-luck rounds dropped it down a little bit, but, I expect it will rebound soon!

Some additions and fixes to the pool software have been applied.  Nothing too major.

Vardiff has been decently tested and has been in full effect. (Bring on the the ASICs!)

Most notably, however, is a brief announcement regarding namecoin merged mining.  It seems now that the namecoin project is essentially dead, and more recently the namecoin block chain has become the target of abuse for use as arbitrary data storage, which is unacceptable.  I'm going to monitor this closely.  However, since the namecoin block chain is likely to only be more and more abused (and, as far as I can tell, is not used anywhere for it's intended purpose anymore), Eligius will no longer be offering namecoin merged mining.

So the official announcement at this time is, in 30 days, on Saturday, March 23, 2013, Eligius will cease merged mining of the namecoin block chain.  All unpaid NMC balances will be paid at or around this time.  Edit: Note that if the namecoin block chain is overly abused in this time, the pool will drop namecoin support sooner.

If by some chance the general fate of namecoin changes for the better at anytime, this decision can be revisited, of course.

Happy mining!

-wk

[Parazyd]

Great job on the stats. Thank you wizkid.

[Blazr]

Now that the BTC price has skyrocketed, are there any plans to lower the minimum payout amount?

[The00Dustin]

The BTC price has skyrocketed before.  The minimum payment amount is designed to minimize fees when spending the earnings.  As such, I don't think it would be wise to consider any conversion rate in any decision regarding the minimum payout amount.

ETA:  It might even be unwise.  Consider the fact that the same minimum fee to spend a transaction that doesn't exceed the low/no-fee requirements would be more expensive to someone looking at BTC as if it were valued at the conversion rate instead of being valued in BTC.

[Luke-Jr]

The value affects the average expected spend amount, so would influence the minimum payout.
I'd wait a bit and see if the new price holds for a month at least first, though.

But last I heard, wizkid057 was planning to make it user-configurable anyway.

[wizkid057]

Just figured I would quote this here from this other thread, as it seems relevant.

BTW, Luke-Jr doesn't share with miners, it looks like Eligius keeps all the fees...

Actually, Luke-Jr doesn't have a whole lot to do with that anymore.  (See this post).

And I'm currently trying to work out a way to be able to distribute fees to miners under the CPPSRB system, so, bear with me!

-wk

But he still has full access to the private details of the pool ... so it's not like anything has really changed ...

Of course he does.  I was given my own access by him, and there has been no reason for his own access to be removed.  However, he only really ever needs to do anything for the pool itself really when something breaks and I'm not around.

The entire reward system was written from scratch by me making the pool as a whole essentially rewritten by me.  Obviously the pool still uses Eloipool, written by Luke-Jr, along with the corresponding Eligius bitcoin branch for bitcoind, and I have no issue with him pulling updates to these things himself.

But no one besides myself ever touches any of the code for what really makes the pool a working pool (reward system, stats, back-end database structure, etc).  There is very little code left related to the "pre-wizkid" Eligius running on the pool server.  One example would be the namecoin SMPPS code, which is scheduled for shutdown in a couple of weeks anyway, leaving really next to nothing from the old Eligius as part of the pool.

Also, there really aren't many "private details" at Eligius.  Almost everything running is either open source, exposed via API or stats, announced, or otherwise as transparent as possible.  (A notable exception being the CPPSRB reward system code itself, which I am still actively developing and testing. Since this code directly handles payouts of actual coins, I'm not quite ready for the code to see the light of day until I've had the time to fully dot my I's, cross my T's, and audit it for any potential security issues.)

But, back to the topic at hand, fees from Eligius blocks are, under the hosting agreement, to be shared with the server sponsor.  It is being discussed on how this agreement can be changed to benefit Eligius miners.

Also, if someone comes forward soon with properly signed messages proving original ownership of this obviously large mistake of a transaction fee, I will be glad to speak with them about it.

-wk

[stevegee58]

Something funny going on with the pool's web site.  The charts and tables are all empty.

[Parazyd]

Something funny going on with the pool's web site.  The charts and tables are all empty.

Just a small bug. It's been fixed.

[stevegee58]

Just to allay my and others' fears: what version bitcoind are you using?  Has the chain fork affected eligius?

[Parazyd]

Eligius' primary bitcoind is 0.6.0

[Luke-Jr]

FWIW, Eligius was the only pool that survived yesterday's hardfork incident not-by-coincidence

Since it work from both 0.6.0 and 0.8.0, it actually detected the problem.

[wizkid057]

Just wanted to take a second to welcome all of the new miners to the pool!