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Author Topic: BITP.It Pool  (Read 870 times)
klamathonsite
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July 13, 2011, 04:53:48 PM
 #1

Just FYI I ran my systems @ about 4.700-5000 Ghash for about 9 days I was number two for about 4 days after cause of my shares I stopped once i found I was not making jack on that pool. estimated reward was close to 10 BTC well I have now seen they solved a block and the 9 days I directed my farm toward this pool only is going to pay out 3.17 btc WOW thats crap and on

Pool is not worth the amount of so called btc you will earn
I wasted about $80 in electricity  and a loss of revenue for 9 days so for warned.

Back to Deepbit.net I went yes they get Ddos allot and their site goes down from it allot but in the week I ran on it I have made over 10 btc.

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gentakin
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July 13, 2011, 05:28:13 PM
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So you're complaining about increased variance in small pools? That's interesting. BitPit had a 8m shares block. Of course you didn't earn a lot of BTC during that time. There's nothing the operators can do about it.

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July 13, 2011, 05:32:34 PM
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Simple... Don't mine in small pools at this difficulty level unless you like the torturous variance.

Stay with pools that have at least 300-500ghash/s

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July 13, 2011, 08:55:27 PM
 #4

5 GH is almost 3 btc/day. it is as you have found a block every 50/3=16.666 days!
of course in real world you may find a block in 1 hour and the next one in one month Cheesy
it is the same, the tricky part is to avoid changing pools every now and then Wink

edit: today 3 blocks have been found!
 exactly my point  Wink

"killer app" of BTC = MasterCoin https://bitcointalk.org/index.php?topic=265488.0Mastercoin(A new protocol layer on top of Bitcoin)
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