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Author Topic: Help me pick a pool  (Read 5264 times)
os2sam
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July 22, 2013, 10:45:04 AM
 #101

What is rejects/stale/dupe/other on BTCguild dashboard?

Those are the shares that you submit that get rejected for those reasons.

Stale is work submitted for previous blocks or possibly after a certain timeout, Dupe is duplicate work and Other are rejects that don't fall into the first two categories.

A: Because it messes up the order in which people normally read text.
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July 22, 2013, 11:49:08 PM
 #102

I'm a fan of P2Pool.  I run a P2Pool node, feel free to connect to it, information is in my signature! Smiley

Buy Cloud Hashing! $8.50 USD per GH/s!  [32.231 TH/s] Remaining
https://bitcointalk.org/index.php?topic=329674.20  -- www.BTCMiners.net
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July 23, 2013, 12:22:13 AM
 #103

Do all those rejects count as paid orphans?


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os2sam
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July 23, 2013, 12:42:15 AM
 #104

Do all those rejects count as paid orphans?

No, your not paid for rejects, because they were rejected.

Orphans are when a block is found that is not part of the main blockchain and would create a forked chain if they were to be continued to be mined on.  This is cause, I think, mainly when two pools find a solution to the same block in a very close time frame.  Only one can be the real block solver and the other one is orphaned.
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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July 25, 2013, 02:54:34 AM
 #105

OK, im gonna hit 1500GH this weekend. Im thinking about pools again. I like BTCguild. Admin seems cool. Never have any problems with the pool. But my 24 hour earnings is always a few coins less than what mining calculators are estimating. Forgive me if im asking the same questions again but with the difficulty rising i want to make sure im maximizing my return.

DGM vs PPLNS. I know there is a brief explanation in the sticky. I still dont get it. I know DGM is newer. Newer isnt always better but it usually is. I would like to get some opinions. Which method should i go with and why?

Pool size. Im assuming larger pool means more blocks solved and more BTC. Just want to confirm if this is an accurate assumption. Im assuming it is and thats why BTCguild is the largest pool.

I noticed giga is offering a semi-private pool with 0% fee for people with 200GH. Obviously, 0% vs 3% is better. But what im really wondering is if BTCguild size pay TX reward and orphans will earn more than the 3% fee.

Solo mining. I hear if you solve a block yourself you get 25 coins per block. This sounds nice. Im wondering if my hashing power is enough to justify solo mining or if i should stick with a pool.

Thanks for help.


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dbitcoin
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July 25, 2013, 05:19:59 AM
 #106

OK, im gonna hit 1500GH this weekend. Im thinking about pools again. I like BTCguild. Admin seems cool. Never have any problems with the pool. But my 24 hour earnings is always a few coins less than what mining calculators are estimating. Forgive me if im asking the same questions again but with the difficulty rising i want to make sure im maximizing my return.

DGM vs PPLNS. I know there is a brief explanation in the sticky. I still dont get it. I know DGM is newer. Newer isnt always better but it usually is. I would like to get some opinions. Which method should i go with and why?
Not quite. Both methods proposed approximately at the same time. PPLNS just widely used. In the long term both methods give you the same amount of bitcoins.

Quote
Pool size. Im assuming larger pool means more blocks solved and more BTC. Just want to confirm if this is an accurate assumption. Im assuming it is and thats why BTCguild is the largest pool.
Not quite. More blocks, but your reward from each block is smaller.
You may get some extra coins (less than 0.5%) from transactions fee, but this extra income may devalued due bad uptime for big pools (due overload or DDOS).

Quote
I noticed giga is offering a semi-private pool with 0% fee for people with 200GH. Obviously, 0% vs 3% is better. But what im really wondering is if BTCguild size pay TX reward and orphans will earn more than the 3% fee.
Orphans usually around 1%, current income from TX fee usually also minuscule.

Quote
Solo mining. I hear if you solve a block yourself you get 25 coins per block. This sounds nice. Im wondering if my hashing power is enough to justify solo mining or if i should stick with a pool.
Think about solo as about gambling. You may solve block even on one CPU, but this is very unlikely with current difficulty.
With 1.5TH you have a good chance solve several blocks, but there is no warranty what your income would be bigger than from pool.

BTCDig - mining pool (Stratum, VarDiff, DGM, SSL, JSON API)
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July 25, 2013, 06:59:28 AM
 #107



@WebSlicer point your devices  at several different pools for a week or two to get a representative sample of pool payouts . I guess you could use a spreadsheet if you really want to be pedantic.
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July 25, 2013, 01:01:09 PM
 #108



@WebSlicer point your devices  at several different pools for a week or two to get a representative sample of pool payouts . I guess you could use a spreadsheet if you really want to be pedantic.

If you have, or better if I had, 1.5 TH/s I'd go solo, it takes some work to set it up correctly, though.

spiccioli

ps. As you may already know my second choice would be HHTT Smiley
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July 25, 2013, 09:47:55 PM
 #109



@WebSlicer point your devices  at several different pools for a week or two to get a representative sample of pool payouts . I guess you could use a spreadsheet if you really want to be pedantic.

If you have, or better if I had, 1.5 TH/s I'd go solo, it takes some work to set it up correctly, though.

spiccioli

ps. As you may already know my second choice would be HHTT Smiley

Solo mining?

Pick a pool, any pool. mine for two weeks. Look at how many blocks you found. compare your return for those blocks if your were solo (most likely 0) against how much you made in the pool. go with which ever mode you would make the most money.
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July 25, 2013, 10:25:16 PM
 #110



@WebSlicer point your devices  at several different pools for a week or two to get a representative sample of pool payouts . I guess you could use a spreadsheet if you really want to be pedantic.

If you have, or better if I had, 1.5 TH/s I'd go solo, it takes some work to set it up correctly, though.

spiccioli

ps. As you may already know my second choice would be HHTT Smiley

Solo mining?

Pick a pool, any pool. mine for two weeks. Look at how many blocks you found. compare your return for those blocks if your were solo (most likely 0) against how much you made in the pool. go with which ever mode you would make the most money.

With solo mining @ 1.5 TH and current difficulty, you would average slightly less than a block a day (24.1345 BTC/day).  You would have to be tremendously unlucky to find 0 blocks in two weeks.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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July 25, 2013, 11:33:08 PM
 #111



@WebSlicer point your devices  at several different pools for a week or two to get a representative sample of pool payouts . I guess you could use a spreadsheet if you really want to be pedantic.

If you have, or better if I had, 1.5 TH/s I'd go solo, it takes some work to set it up correctly, though.

spiccioli

ps. As you may already know my second choice would be HHTT Smiley

Solo mining?

Pick a pool, any pool. mine for two weeks. Look at how many blocks you found. compare your return for those blocks if your were solo (most likely 0) against how much you made in the pool. go with which ever mode you would make the most money.

With solo mining @ 1.5 TH and current difficulty, you would average slightly less than a block a day (24.1345 BTC/day).  You would have to be tremendously unlucky to find 0 blocks in two weeks.

Oh sure, confuse things with the facts. actually, the suggestion i made was still valid, just not the outcome i expected. Tongue
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