teukon
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October 11, 2011, 10:28:10 AM |
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I stopped hopping until all the pools I hop give rewards for merged mining. Some pool is probably merged mining but not giving rewards, so anyone who's hopping instead of merged mining right now is the sucker.
(it also helps that I hop the three pools that are merged mining and mine SMPPS from simplecoin when they have too many shares)
Certainly, pool hopping normal bitcoin pools does not compare with plain merged mining in terms of profit (currently about 40%). Hopping the merged mining pools seems to be best. For the proportional pool, slush is a good bet for the low variance. There is a 2% fee but this is small compared to the fact that not everyone has entered a Namecoin address yet and slush had decided to share the pool's namecoins between only those users who have (so a good but decreasing NMC boost). As for a pool to hop to, simplecoin.us PPLNS is the other option at the moment. It is a fair bit larger and does have a significant promotion bonus (BTC+2%, NMC+10%) but the variance is probably too high for most people's taste so the lower profit SMPPS pool seems like a good choice. The question I have, (which I asked at the CherryPicking thread) is how to most effectively hop a merged mining pool at all? Does one simply hop by the Namecoin blocks and ignore the Bitcoin blocks or does one take them both into account in a clever way?
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paraipan
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October 11, 2011, 11:02:12 AM |
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I stopped hopping until all the pools I hop give rewards for merged mining. Some pool is probably merged mining but not giving rewards, so anyone who's hopping instead of merged mining right now is the sucker.
(it also helps that I hop the three pools that are merged mining and mine SMPPS from simplecoin when they have too many shares)
Certainly, pool hopping normal bitcoin pools does not compare with plain merged mining in terms of profit (currently about 40%). Hopping the merged mining pools seems to be best. For the proportional pool, slush is a good bet for the low variance. There is a 2% fee but this is small compared to the fact that not everyone has entered a Namecoin address yet and slush had decided to share the pool's namecoins between only those users who have (so a good but decreasing NMC boost). As for a pool to hop to, simplecoin.us PPLNS is the other option at the moment. It is a fair bit larger and does have a significant promotion bonus (BTC+2%, NMC+10%) but the variance is probably too high for most people's taste so the lower profit SMPPS pool seems like a good choice. The question I have, (which I asked at the CherryPicking thread) is how to most effectively hop a merged mining pool at all? Does one simply hop by the Namecoin blocks and ignore the Bitcoin blocks or does one take them both into account in a clever way? i guess you take into account only the blockchain wich has the greater difficulty, the other chain reward will be as bonus
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BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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teukon
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October 11, 2011, 11:17:37 AM |
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i guess you take into account only the blockchain wich has the greater difficulty, the other chain reward will be as bonus
Hmm... I think I agree that if one has to choose between considering only one blockchain or the other for hopping then one should choose the most profitable one. However, further gains might be made by considering both together. Consider for example the situation where you are hopping with the Bitcoin blocks as usual at a merged mining pool and you are about to hop away when suddenly a Namecoin block is found. At this point the Bitcoin shares will be worth marginally less than average but the Namecoin shares will be worth a lot more. Overall, staying with the proportional pool will be more profitable than mining with a PPLNS merged mining pool. Indeed, it's possible that the Namecoin block shows up a short while after you hop away from the pool and it becomes profitable to rejoin the proportional pool for a short time.
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Shevek
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October 14, 2011, 11:13:41 AM |
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I'm testing it.
I don't know if I'm doing things right. bf.cfg is the default one. It guides my miner to the pools correctly (I can see the effect of mining in the pool page).
But:
1) The reported shares for pools are a bit crazy. For example, bitcoins.lc seems to solve blocks too quickly. In this moment I shutdown bh and restart it; then, bitcoins.lc is in a "normal" round.
2) I've got in console the following annoying message: "Couldn't connect to socket: [Errno 111] ECONNREFUSED"
I have a Debian box.
TIA
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Proposals for improving bitcoin are like asses: everybody has one 1SheveKuPHpzpLqSvPSavik9wnC51voBa
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johnj
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October 14, 2011, 02:37:14 PM |
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I'm testing it.
I don't know if I'm doing things right. bf.cfg is the default one. It guides my miner to the pools correctly (I can see the effect of mining in the pool page).
But:
1) The reported shares for pools are a bit crazy. For example, bitcoins.lc seems to solve blocks too quickly. In this moment I shutdown bh and restart it; then, bitcoins.lc is in a "normal" round.
2) I've got in console the following annoying message: "Couldn't connect to socket: [Errno 111] ECONNREFUSED"
I have a Debian box.
TIA
Some pools skew their API stats I believe, primarliy to discourage hopping. I think bitcoins.lc is one of those. mine_lp is the best choice for these types of pools. Also, when you close/open BH, I beleive all pools are set back to '100%' of difficulty, due to BH not yet picking up their stats. After it's initial pool scan, I think the stats are updated. Edit: No idea about the annoying message
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1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym TradeHill Referral TH-R120549
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Starlightbreaker
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Activity: 1764
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October 14, 2011, 04:30:47 PM |
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disable p2pLP.
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martychubbs
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October 14, 2011, 05:10:46 PM |
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disable p2pLP.
Will resolve the error message?
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paraipan
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October 14, 2011, 10:40:49 PM |
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disable p2pLP.
Will resolve the error message? yes
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BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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Shevek
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October 14, 2011, 11:13:50 PM |
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disable p2pLP.
Where is it enabled? I've revised cfg files but I didn't see such an option. If you mean p2pool, it is disabled.
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Proposals for improving bitcoin are like asses: everybody has one 1SheveKuPHpzpLqSvPSavik9wnC51voBa
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paraipan
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October 15, 2011, 01:00:58 AM |
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disable p2pLP.
Where is it enabled? I've revised cfg files but I didn't see such an option. If you mean p2pool, it is disabled. look in bh.cfg under [plugins] section and set lpbot = False
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BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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xzion
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October 18, 2011, 01:04:38 AM Last edit: October 18, 2011, 11:28:02 PM by xzion |
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since BTCG now has live stats, here is a new api to use with role: mine http://pastebin.com/e7v3tr3r (try setting refresh_limit: 30 for faster updates) here's a second API for Masterpool.eu that's sensitive to Namecoin: http://pastebin.com/UTvZabmmadd those to pools-custom.cfg and modify user.cfg as needed. EDIT: or just grab this - http://dl.dropbox.com/u/27335519/pools-custom.cfgEDIT2: submitted my first pull request ever on github with the changes! AND I am offering 1 BTC for someone to do the maths on merged mining (since i don't fully understand it myself) and give an explanation on whether or not: a) hopping to a prop MM pool until 43% of NMC shares are filled, where BTC shares for the pool are already >43% is more profitable than mining non-merged PPS (i expect btc diff, nmc diff and exchange rate will be variables in there somewhere?). b) hopping to a prop MM pool with NMC and BTC rounds >43% is more profitable than mining non-merged PPS. if someone has already explained this somewhere, please post a link for me. cheers.
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Tips: 1xzionJBueq1AkPSmexA7suWkztAkNwSs
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enmaku
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October 19, 2011, 09:09:18 PM |
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Hi folks, long time no see. I asked this question on the StackExchange site about pool hopping and statistical profit increases. Meni Rosenfeld came up with some really solid math, but it seems to be indicating (based on my personal experience) that we're operating rather inefficiently... Anyone have the math to say why? I've puzzled over it for a while now and I can't seem to come up with anything, but it's been a loooooong time since my last statistical math class (high school perhaps?) so I'm fairly lost.
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Transisto
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October 19, 2011, 09:09:31 PM |
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... to do the maths on merged mining Look like a new chalenge for Organofcorti What is wrong with github download page?It stopped showing old version a few weeks ago. Sorry, there aren't any downloads for this repository. https://github.com/c00w/bitHopper/downloads
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HolodeckJizzmopper
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October 31, 2011, 04:19:23 AM |
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Anyone having luck mining at MTRed with 2.5.5 ?
I'm getting an API Error "hashrate" not found.
{"balance":"0.0","unconfirmed":"0.00000000","rsolved":"102","NMCbalance":"10.0","NMCunconfirmed":"0.00000000","NMCrsolved":"102","server":{"mhash":1145.3246122667,"rsolved":"102"},"workers":{"x":{"mhash":1145.3246122667,"rsolved":"102"}}}
EDIT: Trying MTred, instead of Eligius as my backup pool for a bit, fwiw. I can mine just fine as a backup, but not getting any share update info.
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GlenBot
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Activity: 46
Merit: 0
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November 01, 2011, 05:09:23 AM |
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Anyone having luck mining at MTRed with 2.5.5 ?
I'm getting an API Error "hashrate" not found.
{"balance":"0.0","unconfirmed":"0.00000000","rsolved":"102","NMCbalance":"10.0","NMCunconfirmed":"0.00000000","NMCrsolved":"102","server":{"mhash":1145.3246122667,"rsolved":"102"},"workers":{"x":{"mhash":1145.3246122667,"rsolved":"102"}}}
EDIT: Trying MTred, instead of Eligius as my backup pool for a bit, fwiw. I can mine just fine as a backup, but not getting any share update info.
I just downloaded/installed bithopper for the first time, and I usually mine at mtred.com. I'm also seeing the same thing as you; [01:07:01] mtred api error:'hashrate'
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paraipan
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November 01, 2011, 12:03:04 PM |
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Anyone having luck mining at MTRed with 2.5.5 ?
I'm getting an API Error "hashrate" not found.
{"balance":"0.0","unconfirmed":"0.00000000","rsolved":"102","NMCbalance":"10.0","NMCunconfirmed":"0.00000000","NMCrsolved":"102","server":{"mhash":1145.3246122667,"rsolved":"102"},"workers":{"x":{"mhash":1145.3246122667,"rsolved":"102"}}}
EDIT: Trying MTred, instead of Eligius as my backup pool for a bit, fwiw. I can mine just fine as a backup, but not getting any share update info.
I just downloaded/installed bithopper for the first time, and I usually mine at mtred.com. I'm also seeing the same thing as you; [01:07:01] mtred api error:'hashrate'they probably changed something on the page, they made lots of changes in there lately and i cannot see the share count anywhere
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BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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martychubbs
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November 01, 2011, 03:50:52 PM |
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Anyone having luck mining at MTRed with 2.5.5 ?
I'm getting an API Error "hashrate" not found.
{"balance":"0.0","unconfirmed":"0.00000000","rsolved":"102","NMCbalance":"10.0","NMCunconfirmed":"0.00000000","NMCrsolved":"102","server":{"mhash":1145.3246122667,"rsolved":"102"},"workers":{"x":{"mhash":1145.3246122667,"rsolved":"102"}}}
EDIT: Trying MTred, instead of Eligius as my backup pool for a bit, fwiw. I can mine just fine as a backup, but not getting any share update info.
I just downloaded/installed bithopper for the first time, and I usually mine at mtred.com. I'm also seeing the same thing as you; [01:07:01] mtred api error:'hashrate'they probably changed something on the page, they made lots of changes in there lately and i cannot see the share count anywhere https://mtred.com/api/stats
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HolodeckJizzmopper
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November 01, 2011, 05:24:37 PM |
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Thanks. Submitted a quick fix to pools.cfg
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paraipan
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November 01, 2011, 05:56:16 PM |
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ack HolodeckJizzmopper & martychubbs and thanks for joining in c00w will merge the changes when he gets online
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BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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