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Author Topic: 24/7 Miners Should try out Mineco.in  (Read 1099 times)
Wuked
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July 13, 2011, 10:37:48 PM
 #1

We have recently moved to PPLNS Shares, this scheme is great for people who mine 24/7 , and also for people who mine for close to 24/7..

for more information please see http://forum.bitcoin.org/index.php?topic=17310.0

or click here to chat to current pool members: http://webchat.freenode.net/?channels=mineco

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barryT
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July 13, 2011, 10:48:41 PM
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I'll give it a shot when my 5870 finally comes in Wink

Thanks
rocketr2
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July 14, 2011, 01:43:34 AM
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looks likes its really good if you are a 24/7 miner
Aexoden
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July 14, 2011, 01:52:41 AM
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PPLNS isn't terrible even for intermittent miners, so don't be scared away from this payout system if you're the type who only mines part-time.

Before I did my own simulations (www.calindora.com/tmp/bitcoin/index.php) of various payout methods, I wasn't much of a fan of PPLNS, as my first instinct was that it would overly punish intermittent miners. (However, a cursory examination will show that the expected reward for a share in PPLNS is the same regardless of the time it was submitted.)

However, after doing all that research into the payout systems, I think PPLNS is probably the best system overall so far. (Geometric is close, but running a 0% fee pool with low variance for intermittent miners puts more risk in the pool operator's hands.) Its variance is a bit high, espeically if N is low, which is why I favor an N of either the difficulty or twice the difficulty, but it's pool hopping proof in any case.

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July 14, 2011, 10:07:58 AM
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Your stats are awesome thanks Aexoden!

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July 20, 2011, 11:29:19 AM
 #6

PPLNS is going well guys, come get involved!

MegaBux
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August 02, 2011, 06:01:26 PM
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We have recently moved to PPLNS Shares, this scheme is great for people who mine 24/7 , and also for people who mine for close to 24/7..

for more information please see http://forum.bitcoin.org/index.php?topic=17310.0

or click here to chat to current pool members: http://webchat.freenode.net/?channels=mineco

Hi there!

Could you elaborate on how shares "eligible for reward" are calculated and how they differ from the total shares submitted by a user for the current block?  Also, the formula for BTC reward refers to submitted shares, and thus it is unclear why there would be a difference between submitted and eligible shares.

Thanks!
Jrock
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August 02, 2011, 06:29:15 PM
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I'll try it out when I get home to my steamy mining room.

dafuck3r
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August 02, 2011, 06:36:40 PM
 #9

Nice info.. maybe tonight i'll move all my rigs into this pool !!
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August 02, 2011, 08:38:34 PM
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This was the second pool I mined on. Was a very stable pool unfortunately PPLNS isnt for me as I am not able to mine 24/7. If I was I would definitely go back to them.
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August 09, 2011, 10:59:59 AM
 #11

This was the second pool I mined on. Was a very stable pool unfortunately PPLNS isnt for me as I am not able to mine 24/7. If I was I would definitely go back to them.

PPLNS doesn't punish you if you can't mine 24/7. The only difference vs a proportional pool is that the hashrate you submit now might get you nothing or it might get you 5x the reward. Compare that to mining part-time in a proportional pool: you might submitting work during a short round where you get a fast payout, or your part-time work might be diluted to near-nothing by a long round with full-time miners. It all evens out.

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