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Author Topic: [1423GH] ABCPool PPS - Proxy Pool For High & Steady Mining Rewards  (Read 140718 times)
Graet
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February 20, 2012, 04:13:41 AM
 #721


Also this "pool" never stole, the problem was is that they called themselves a pool when they did not mine their own blocks. I brought this up to someone more Sr. than Maxwell over two months ago but they did not seems to care since "pool" did not have a legal meaning. I'm pretty sure Maxwell will be overruled if ABC wants to push it.

I had really been trying to stay out of posting in this thread - been reading for a while....
but wanna bring up about legalities and pools? - lmao ROFL lmao ROFL some more. but seriously- how many even acknowledge their countries laws? Most are run by anonomous nicks... with no business structure or legal framework behind them at all.

I do however belive there is an expectation in the communtity that a pool has its own bitcoind and miners shares are submitted to it - not proxied elsewhere...

I firmly believe the "top 10 pools" should be top 10 pools - not "top10 metapools, proxies and whatever else claims to have some hashrate" Smiley

gmaxwell was correct and I am yet to see the pool op mention it even though he has posted quite a few times since - guess he's comfortable with it Smiley

/my 2satoshi's worth

Best wishes
Graeme Tee

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m3ta
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February 21, 2012, 01:40:57 PM
 #722

FWIW, Eligius continues to offer no fee SMPPS which has maintained the same payout as straight PPS longer than any other pool.
Yes, except the pool op is well known for using his miners' hash rate in a very cavalier fashion and denying the fact afterwards.
The only reason I migrated my miners from Eligius was your dishonesty about the whole matter, Luke - if you break the trust so easily I don't want to have anything to do with your pool.

And the 'stuff' *1 you insert into the block headers is a mighty heavy "fee" for many people.

*1 I didn't say "crap" because that would be oh-so-heathenish.

Why the frell so many retards spell "ect" as an abbreviation of "Et Cetera"? "ETC", DAMMIT! http://en.wikipedia.org/wiki/Et_cetera

Host:/# rm -rf /var/forum/trolls
btc_artist
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February 21, 2012, 02:42:07 PM
 #723

crap you insert into the block headers
example?

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
Jine
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February 21, 2012, 02:47:11 PM
 #724

crap you insert into the block headers
example?

http://jine.be/512951 to begin with...

Previous founder of Bit LC Inc. | I've always loved the idea of bitcoin.
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February 21, 2012, 02:48:53 PM
 #725

crap you insert into the block headers
example?
Most of (but a few not e.g. look for his name)
Code:
Eligius/Benedictus Deus. Benedictum Nomen Sanctum eius.
Eligius/Benedictus Deus. Benedictum Nomen Sanctum eius.
***************************************************
Benedictus Iesus Christus, verus Deus et verus homo.
Benedictum Nomen Iesu.
Benedictum Cor eius sacratissimum.
Benedictus Sanguis eius pretiosissimus.
Benedictus Iesus in sanctissimo altaris Sacramento.
Benedictus Sanctus Spiritus, Paraclitus.
Benedictus Sanctus Spiritus, Paraclitus.
Benedicta excelsa Mater Dei, Maria sanctissima.
Benedicta sancta eius et immaculata Conceptio.
Benedicta sancta eius et immaculata Conceptio.
Benedicta eius gloriosa Assumptio.
Benedictum nomen Mariae, Virginis et Matris.
Benedictum nomen Mariae, Virginis et Matris.
Benedictus sanctus Ioseph, eius castissimus Sponsus.
Benedictus Deus in Angelis suis, et in Sanctis suis. Amen.
In nomine Patris et Filii et Spiritus Sancti. Amen.
O my God, I am heartily sorry for having offended Thee and I detest all my sins...
O my God, I am heartily sorry for having offended Thee and I detest all my sins...
Eye'm the strongest!
...because of Thy just punishments, but most of all because they offend Thee, ...
...my God, who art all good and deserving of all my love.
I firmly resolve, with the help of Thy grace, to sin no more...
I firmly resolve, with the help of Thy grace, to sin no more...
...and avoid the near occasions of sin. Amen.
O my God! I firmly believe that Thou art one God in three Divine persons, ...
O my God! I firmly believe that Thou art one God in three Divine persons, ...
...Father, Son, and Holy Ghost; I believe that Thy Divine Son became man, ...
...and died for our sins, and that he will come to, judge the living and the dead.
I believe these and all the truths which the Holy Catholic Church teaches, ...
...because Thou hast revealed them, who canst neither deceive nor be deceived.
O my God! relying on Thy infinite goodness and promises, ...
...I hope to obtain pardon of my sins, the help of Thy grace, ...
...and life everlasting, through the merits of Jesus Christ, my Lord and Redeemer.
...and life everlasting, through the merits of Jesus Christ, my Lord and Redeemer.
O my God! I love Thee above all things, with my whole heart and soul, ...
...because Thou art all-good and worthy of all love.
...because Thou art all-good and worthy of all love.
I love my neighbor as myself for the love of Thee.
I forgive all who have injured me, and ask pardon of all whom I have injured.
I forgive all who have injured me, and ask pardon of all whom I have injured.
I forgive all who have injured me, and ask pardon of all whom I have injured.
O my Jesus, forgive us our sins, save us from the fires of Hell, ...
...lead all souls to Heaven, especially those in most need of Thy mercy.
I confess to Almighty God, to blessed Mary ever Virgin, ...
... to blessed Michael the Archangel, to blessed John the Baptist, ...
... to the holy Apostles Peter and Paul, and to all the Saints, ...
... that I have sinned exceedingly, in thought, word, and deed, ...
... through my fault, through my fault, through my most grievous fault.
Therefore I beseech blessed Mary ever Virgin, blessed Michael the Archangel, ...
... blessed John the Baptist, the holy Apostles Peter and Paul, ...
... and all the Saints to pray to the Lord our God for me. Amen.
St. Michael the Archangel, defend us in battle; be our safeguard against ...
St. Michael the Archangel, defend us in battle; be our safeguard against ...
... the wickedness and snares of the Devil. May God rebuke him, ...
... we humbly pray, and do Thou, O Prince of the Heavenly Host, ...
... we humbly pray, and do Thou, O Prince of the Heavenly Host, ...
... we humbly pray, and do Thou, O Prince of the Heavenly Host, ...
... we humbly pray, and do Thou, O Prince of the Heavenly Host, ...
... by the power of God, cast into Hell, Satan and all the other evil spirits, ...
... who wander throughout the world, seeking the ruin of souls. Amen.
Angel of God, my guardian dear, to whom His love commits me here, ...
... ever this night be at my side, to light and guard, to rule and guide. Amen.
Ave Maria, gratia plena, Dominus tecum. Benedicta tu in mulieribus, ...
... et benedictus fructus ventris tui, Iesus. Sancta Maria, Mater Dei, ...
... et benedictus fructus ventris tui, Iesus. Sancta Maria, Mater Dei, ...
... et benedictus fructus ventris tui, Iesus. Sancta Maria, Mater Dei, ...
... ora pro nobis peccatoribus, nunc, et in hora mortis nostrae. Amen.
Salve, Regina, mater misericordiae: vita, dulcedo, et spes nostra, salve.
Ad te clamamus exsules filii Hevae. Ad te suspiramus, gementes et flentes ...
Ad te clamamus exsules filii Hevae. Ad te suspiramus, gementes et flentes ...
... in hac lacrimarum valle. Eia, ergo, advocata nostra, illos tuos ...
... misericordes oculos ad nos converte. Et Iesum, benedictum fructum ...
... ventris tui, nobis post hoc exsilium ostende. O clemens, O pia, ...
... O dulcis Virgo Maria. Ora pro nobis, sancta Dei Genetrix.
kLhLUKE-JR IS A PEDOPHILE! Oh, and god isn't real, sucka. Stop polluting the blockchain with your nonsense.
Ut digni efficiamur promissionibus Christi. Amen.
Pater noster, qui es in caelis, sanctificetur Nomen tuum. Adveniat regnum tuum.
Pater noster, qui es in caelis, sanctificetur Nomen tuum. Adveniat regnum tuum.
Fiat voluntas tua, sicut in caelo et in terra. Panem nostrum quotidianum ...
... da nobis hodie, et dimitte nobis debita nostra sicut et nos dimittimus ...
... debitoribus nostris. Et ne nos inducas in tentationem, sed libera nos a malo.
Domine Iesu Christe, Filius Dei, miserere me peccatorem!
We adore Thee, O Christ, and we bless Thee;
We adore Thee, O Christ, and we bless Thee;
because by Thy holy Cross Thou hast redeemed the world.
May the Holy Trinity be blessed.
Christ conquers! Christ reigns! Christ commands!
O Heart of Jesus, burning with love for us, inflame our hearts with love for Thee.
O Heart of Jesus, burning with love for us, inflame our hearts with love for Thee.
O Heart of Jesus, I place my trust in Thee.
O Heart of Jesus, all for Thee.
O Heart of Jesus, all for Thee.
Most Sacred Heart of Jesus, have mercy on us.
O God, have mercy on me, a sinner.
Teach me to do Thy will, because Thou art my God.
O Lord, increase our faith.
O Lord, save us, we are perishing.
O Lord, increase our faith.
O Lord, save us, we are perishing.
O Lord, increase our faith.
O Lord, save us, we are perishing.
O Lord, increase our faith.
O Lord, save us, we are perishing.
May the Most Blessed Sacrament be praised and adored forever.
Jesus, meek and humble of heart, make my heart like unto thine!
Holy Trinity, one God, have mercy on us!
Gloria Patri, et Filio, et Spiritui Sancto. Sicut erat in principio, ...
... et nunc, et semper, et in saecula saeculorum. Amen.
... et nunc, et semper, et in saecula saeculorum. Amen.
Feast of Saint Joseph Calasanctius, confessor
FFS Luke-Jr leave the blockchain alone!
Oh, and god isn't real
Feast of Saint Augustine, bishop, confessor, and doctor
Feast of Saint Hermes, martyr
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
The harvest indeed is great, but the labourers are few. Pray ye therefore...
The harvest indeed is great, but the labourers are few. Pray ye therefore...
(I removed all but a few that aren't from Eligius)

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
btc_artist
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February 21, 2012, 02:51:27 PM
 #726

crap you insert into the block headers
example?
Most of (but a few not e.g. look for his name)
Code:
Eligius/Benedictus Deus. Benedictum Nomen Sanctum eius.
Eligius/Benedictus Deus. Benedictum Nomen Sanctum eius.
***************************************************
Benedictus Iesus Christus, verus Deus et verus homo.
Benedictum Nomen Iesu.
Benedictum Cor eius sacratissimum.
Benedictus Sanguis eius pretiosissimus.
Benedictus Iesus in sanctissimo altaris Sacramento.
Benedictus Sanctus Spiritus, Paraclitus.
Benedictus Sanctus Spiritus, Paraclitus.
Benedicta excelsa Mater Dei, Maria sanctissima.
Benedicta sancta eius et immaculata Conceptio.
Benedicta sancta eius et immaculata Conceptio.
Benedicta eius gloriosa Assumptio.
Benedictum nomen Mariae, Virginis et Matris.
Benedictum nomen Mariae, Virginis et Matris.
Benedictus sanctus Ioseph, eius castissimus Sponsus.
Benedictus Deus in Angelis suis, et in Sanctis suis. Amen.
In nomine Patris et Filii et Spiritus Sancti. Amen.
O my God, I am heartily sorry for having offended Thee and I detest all my sins...
O my God, I am heartily sorry for having offended Thee and I detest all my sins...
Eye'm the strongest!
...because of Thy just punishments, but most of all because they offend Thee, ...
...my God, who art all good and deserving of all my love.
I firmly resolve, with the help of Thy grace, to sin no more...
I firmly resolve, with the help of Thy grace, to sin no more...
...and avoid the near occasions of sin. Amen.
O my God! I firmly believe that Thou art one God in three Divine persons, ...
O my God! I firmly believe that Thou art one God in three Divine persons, ...
...Father, Son, and Holy Ghost; I believe that Thy Divine Son became man, ...
...and died for our sins, and that he will come to, judge the living and the dead.
I believe these and all the truths which the Holy Catholic Church teaches, ...
...because Thou hast revealed them, who canst neither deceive nor be deceived.
O my God! relying on Thy infinite goodness and promises, ...
...I hope to obtain pardon of my sins, the help of Thy grace, ...
...and life everlasting, through the merits of Jesus Christ, my Lord and Redeemer.
...and life everlasting, through the merits of Jesus Christ, my Lord and Redeemer.
O my God! I love Thee above all things, with my whole heart and soul, ...
...because Thou art all-good and worthy of all love.
...because Thou art all-good and worthy of all love.
I love my neighbor as myself for the love of Thee.
I forgive all who have injured me, and ask pardon of all whom I have injured.
I forgive all who have injured me, and ask pardon of all whom I have injured.
I forgive all who have injured me, and ask pardon of all whom I have injured.
O my Jesus, forgive us our sins, save us from the fires of Hell, ...
...lead all souls to Heaven, especially those in most need of Thy mercy.
I confess to Almighty God, to blessed Mary ever Virgin, ...
... to blessed Michael the Archangel, to blessed John the Baptist, ...
... to the holy Apostles Peter and Paul, and to all the Saints, ...
... that I have sinned exceedingly, in thought, word, and deed, ...
... through my fault, through my fault, through my most grievous fault.
Therefore I beseech blessed Mary ever Virgin, blessed Michael the Archangel, ...
... blessed John the Baptist, the holy Apostles Peter and Paul, ...
... and all the Saints to pray to the Lord our God for me. Amen.
St. Michael the Archangel, defend us in battle; be our safeguard against ...
St. Michael the Archangel, defend us in battle; be our safeguard against ...
... the wickedness and snares of the Devil. May God rebuke him, ...
... we humbly pray, and do Thou, O Prince of the Heavenly Host, ...
... we humbly pray, and do Thou, O Prince of the Heavenly Host, ...
... we humbly pray, and do Thou, O Prince of the Heavenly Host, ...
... we humbly pray, and do Thou, O Prince of the Heavenly Host, ...
... by the power of God, cast into Hell, Satan and all the other evil spirits, ...
... who wander throughout the world, seeking the ruin of souls. Amen.
Angel of God, my guardian dear, to whom His love commits me here, ...
... ever this night be at my side, to light and guard, to rule and guide. Amen.
Ave Maria, gratia plena, Dominus tecum. Benedicta tu in mulieribus, ...
... et benedictus fructus ventris tui, Iesus. Sancta Maria, Mater Dei, ...
... et benedictus fructus ventris tui, Iesus. Sancta Maria, Mater Dei, ...
... et benedictus fructus ventris tui, Iesus. Sancta Maria, Mater Dei, ...
... ora pro nobis peccatoribus, nunc, et in hora mortis nostrae. Amen.
Salve, Regina, mater misericordiae: vita, dulcedo, et spes nostra, salve.
Ad te clamamus exsules filii Hevae. Ad te suspiramus, gementes et flentes ...
Ad te clamamus exsules filii Hevae. Ad te suspiramus, gementes et flentes ...
... in hac lacrimarum valle. Eia, ergo, advocata nostra, illos tuos ...
... misericordes oculos ad nos converte. Et Iesum, benedictum fructum ...
... ventris tui, nobis post hoc exsilium ostende. O clemens, O pia, ...
... O dulcis Virgo Maria. Ora pro nobis, sancta Dei Genetrix.
kLhLUKE-JR IS A PEDOPHILE! Oh, and god isn't real, sucka. Stop polluting the blockchain with your nonsense.
Ut digni efficiamur promissionibus Christi. Amen.
Pater noster, qui es in caelis, sanctificetur Nomen tuum. Adveniat regnum tuum.
Pater noster, qui es in caelis, sanctificetur Nomen tuum. Adveniat regnum tuum.
Fiat voluntas tua, sicut in caelo et in terra. Panem nostrum quotidianum ...
... da nobis hodie, et dimitte nobis debita nostra sicut et nos dimittimus ...
... debitoribus nostris. Et ne nos inducas in tentationem, sed libera nos a malo.
Domine Iesu Christe, Filius Dei, miserere me peccatorem!
We adore Thee, O Christ, and we bless Thee;
We adore Thee, O Christ, and we bless Thee;
because by Thy holy Cross Thou hast redeemed the world.
May the Holy Trinity be blessed.
Christ conquers! Christ reigns! Christ commands!
O Heart of Jesus, burning with love for us, inflame our hearts with love for Thee.
O Heart of Jesus, burning with love for us, inflame our hearts with love for Thee.
O Heart of Jesus, I place my trust in Thee.
O Heart of Jesus, all for Thee.
O Heart of Jesus, all for Thee.
Most Sacred Heart of Jesus, have mercy on us.
O God, have mercy on me, a sinner.
Teach me to do Thy will, because Thou art my God.
O Lord, increase our faith.
O Lord, save us, we are perishing.
O Lord, increase our faith.
O Lord, save us, we are perishing.
O Lord, increase our faith.
O Lord, save us, we are perishing.
O Lord, increase our faith.
O Lord, save us, we are perishing.
May the Most Blessed Sacrament be praised and adored forever.
Jesus, meek and humble of heart, make my heart like unto thine!
Holy Trinity, one God, have mercy on us!
Gloria Patri, et Filio, et Spiritui Sancto. Sicut erat in principio, ...
... et nunc, et semper, et in saecula saeculorum. Amen.
... et nunc, et semper, et in saecula saeculorum. Amen.
Feast of Saint Joseph Calasanctius, confessor
FFS Luke-Jr leave the blockchain alone!
Oh, and god isn't real
Feast of Saint Augustine, bishop, confessor, and doctor
Feast of Saint Hermes, martyr
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
Commemoration of the Beheading of Saint John the Baptist
The harvest indeed is great, but the labourers are few. Pray ye therefore...
The harvest indeed is great, but the labourers are few. Pray ye therefore...
(I removed all but a few that aren't from Eligius)
Hmmm, is he Catholic?  Edit: I guess that goes without saying....

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
kano
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February 21, 2012, 02:52:51 PM
 #727

Hmmm, is he Catholic?
You need to ask? Cheesy Cheesy

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
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February 21, 2012, 02:53:28 PM
 #728

Hmmm, is he Catholic?
You need to ask? Cheesy Cheesy
After reading some of that more closely, no. Cheesy

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
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February 21, 2012, 03:02:57 PM
 #729

some people think ddosing luke jr is evil... ithin i will start spamming the block chain as well... why not, he can posts his voodoo i can post my lulz
That's all old he doesn't do it any more

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
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February 21, 2012, 03:03:59 PM
 #730

Since ABC Pool hasn't said it yet:  Please take this out of ABCPool's thread.  There should not be an entire page dedicated to talking about luke-jr in a pool that has nothing to do with him.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
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February 21, 2012, 03:16:47 PM
 #731

maybe they don't mind...  better than being talked about....

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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February 25, 2012, 07:36:49 PM
 #732

The pool is having connectivity issues. We're looking into it.

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February 25, 2012, 08:14:34 PM
 #733

The pool is having connectivity issues. We're looking into it.
UPDATE: Pool is back, but the reason of unavailability is still unknown at the moment.

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February 26, 2012, 01:32:15 PM
 #734

The pool is having connectivity issues. We're looking into it.
UPDATE: Pool is back, but the reason of unavailability is still unknown at the moment.
We found the reason of the outage yesterday, and it also explains some earlier problems with stagnation in work supply and share processing.

Some technical details on this: Our code is completely event-based and runs in a single thread. Therefore it's important that at no point there is a blocking function call, or all other tasks must wait for it to complete. It turns out there was a blocking call hidden in one of the libraries we use, that normally returns fast enough not to notice any performance issues, but will under certain conditions block for up to 10 seconds. We've now swapped out the library for a custom version that supports a non-blocking variant of the same functionality.

So what does this change for you?
- Your miner spends even less time idling than before
- Increased pool reliability

jamesg
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February 26, 2012, 01:40:05 PM
 #735

- Increased pool reliability

Please call you service what it really is.

- Increased PROXY reliability
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February 27, 2012, 03:17:34 PM
 #736

- Increased pool reliability

Please call you service what it really is.

- Increased PROXY reliability
At proxy pools like ABCPool, people still 'pool' their hash power in the common english sense of the word, suggesting that proxy pools are a subtype of mining pools. So ABCPool is a pool that proxies work.

Indeed, ABCPool falls within the definition of 'pooled mining' as featured on the Official Bitcoin Wiki for a long, very long time:
Quote
Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the contributed processing power. Pooled mining effectively reduces the granularity of the block generation reward, spreading it out more smoothly over time.
Quote
The Pay-per-Share approach
The Pay-per-Share (PPS) approach, first described by BitPenny, is to offer an instant flat payout for each share that is solved. The payout is offered from the pool's existing balance and can therefore be withdrawn immediately, without waiting for a block to be solved or confirmed.
(Quotes from https://en.bitcoin.it/wiki/Pooled_mining)

The page mentions the generation of blocks but does not limit where that generation has to take place. At ABCPool people contribute to the generation of blocks just like at any other pool.

And then there's a more informal argument: I believe it to be ingrained on most miners (and people new to mining) that to decrease variance in earnings, you should join a pool. Decreasing earnings variance is  exactly what ABCPool takes to the extreme by offering PPS rewards, so those people will acknowledge it's a pool. Indeed, in the forums it's common for people to use the term 'pool' when referring to proxy pools like ABCPool, Clipse, Project #2, Multipool, etc.

We are in the business of providing a pool mining service to miners. That's what we promise, that's what we deliver, and that's what our miners are looking for. The fact that part of the work is forwarded is an important detail for some vocal people here on the forum, but not the essence of why people choose to mine with us.

For those that insist on the term 'proxy', at least consider the more informative 'proxy pool' moniker. It recognizes both the pooled nature of pools like ABCPool and the fact that they forward (part of the) hashpower.

EDIT: I may have been wrong about Clipse. To be sure, I'm retracting that statement.

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February 27, 2012, 03:27:43 PM
 #737

And then there's a more informal argument: I believe it to be ingrained on most miners (and people new to mining) that to decrease variance in earnings, you should join a pool. Decreasing earnings variance is  exactly what ABCPool takes to the extreme by offering PPS rewards, so those people will acknowledge it's a pool. Indeed, in the forums it's common for people to use the term 'pool' when referring to proxy pools like ABCPool, Clipse, Project #2, Multipool, etc.

We are in the business of providing a pool mining service to miners. That's what we promise, that's what we deliver, and that's what our miners are looking for. The fact that part of the work is forwarded is an important detail for some vocal people here on the forum, but not the essence of why people choose to mine with us.

What are you implying ? That I am lying? Please dont start spreading FUD over what I do just to save your own skin.

...In the land of the stale, the man with one share is king... >> Clipse

We pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
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February 27, 2012, 03:56:11 PM
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And then there's a more informal argument: I believe it to be ingrained on most miners (and people new to mining) that to decrease variance in earnings, you should join a pool. Decreasing earnings variance is  exactly what ABCPool takes to the extreme by offering PPS rewards, so those people will acknowledge it's a pool. Indeed, in the forums it's common for people to use the term 'pool' when referring to proxy pools like ABCPool, Clipse, Project #2, Multipool, etc.

We are in the business of providing a pool mining service to miners. That's what we promise, that's what we deliver, and that's what our miners are looking for. The fact that part of the work is forwarded is an important detail for some vocal people here on the forum, but not the essence of why people choose to mine with us.

What are you implying ? That I am lying? Please dont start spreading FUD over what I do just to save your own skin.
I referenced your service in a neutral way Clipse, no judgement.

I may have been wrong about the nature of your service. I don't know it very well and have only been following the early conversations in your topic. Therefore I retract my statement about Clipse being a proxy pool, and have edited my earlier message to reflect that.

My apologies if I've offended you.

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February 27, 2012, 04:41:57 PM
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Indeed, ABCPool falls within the definition of 'pooled mining' as featured on the Official Bitcoin Wiki for a long, very long time:
Quote
Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the contributed processing power. Pooled mining effectively reduces the granularity of the block generation reward, spreading it out more smoothly over time.

Nice attempt at playing semantics; unfortunately, you fail. By your interpretation of the above definition, any ISP would be a bitcoin pool too.

Whats described above is not a definition of a pool, but an explanation of what pooled mining does. Its widely understood that a pool generates blocks. You dont.

And btw, until proven otherwise, neither does Clipse. If Clipse doesnt like being called a proxy service, then he should publish the blocks he has generated.


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February 27, 2012, 04:53:03 PM
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For those that insist on the term 'proxy', at least consider the more informative 'proxy pool' moniker. It recognizes both the pooled nature of pools like ABCPool and the fact that they forward (part of the) hashpower.
Interesting. So you do mine some of your own blocks with your own bitcoind (or equivalent)?

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