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Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1455815 times)
clonedone
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May 10, 2011, 10:09:49 AM
 #1301


if there is 500 gb/hash of people competing for a clock which is worth 50 btc, not matter how long it takes to finish the block, your still going to get paid the same.
For example, I run a 1.2 gb/hash machine, that means i am 1/500th of deepbit.
which also means i get paid 1/500th for every block. every block i receive .10~(50/500 = .10) so no matter how long a single block takes, a single block is still worth 50 btc.
thak a look here: last night there was a block that took 3 hours to finish. i got paid .10 again, like i would for a block that takes 5 minutes.

10.05.2011 03:13:36   0h 16m    118402   0.12903076
10.05.2011 02:57:14   0h 00m    6438           0.12806772                  <<< over here i got paid a lot more in 0 minutes than in three hours.
10.05.2011 02:56:17   0h 21m    155039   0.11449377
10.05.2011 02:34:49   2h 52m    1264805   0.11323524                   <<< take a look, no matter how long i still get paid proportionate. 1/500
09.05.2011 23:42:15   0h 28m    208602   0.10509008
09.05.2011 23:14:03   0h 04m    34988   0.11505373
09.05.2011 23:09:18   0h 22m    166527   0.11329394


maybe pay per share is better?
with more than 500 gb/hash i thought that there wouldnt even be a 3 hour block, but maybe its just once in a while?

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May 10, 2011, 10:23:59 AM
 #1302


if there is 500 gb/hash of people competing for a clock which is worth 50 btc, not matter how long it takes to finish the block, your still going to get paid the same.
For example, I run a 1.2 gb/hash machine, that means i am 1/500th of deepbit.
which also means i get paid 1/500th for every block. every block i receive .10~(50/500 = .10) so no matter how long a single block takes, a single block is still worth 50 btc.
thak a look here: last night there was a block that took 3 hours to finish. i got paid .10 again, like i would for a block that takes 5 minutes.

10.05.2011 03:13:36   0h 16m    118402   0.12903076
10.05.2011 02:57:14   0h 00m    6438           0.12806772                  <<< over here i got paid a lot more in 0 minutes than in three hours.
10.05.2011 02:56:17   0h 21m    155039   0.11449377
10.05.2011 02:34:49   2h 52m    1264805   0.11323524                   <<< take a look, no matter how long i still get paid proportionate. 1/500
09.05.2011 23:42:15   0h 28m    208602   0.10509008
09.05.2011 23:14:03   0h 04m    34988   0.11505373
09.05.2011 23:09:18   0h 22m    166527   0.11329394


maybe pay per share is better?
with more than 500 gb/hash i thought that there wouldnt even be a 3 hour block, but maybe its just once in a while?

The point with the long blocks is the shares u submit and total shares. it's divided. so the more shares other people can submit the less u get
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May 10, 2011, 10:28:25 AM
 #1303

Well, I've gone from getting paid 0.06 per block to 0.03-0.04 per block, and despite the high hashrate i don't see that many more blocks, so I am watching over my BTC/24 because currently it has decreased Sad

I would prefer two pools with 300GH/s contrary to one with 600
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May 10, 2011, 10:36:28 AM
 #1304

Well, I've gone from getting paid 0.06 per block to 0.03-0.04 per block, and despite the high hashrate i don't see that many more blocks, so I am watching over my BTC/24 because currently it has decreased :(
Your income depends on pool's luck, not the pool's hashrate.
Yesterday we had bad luck, ~20% worse. Today we have ~10% better luck than average. This is what your income depends on.
You get 0.03 per block, but twice as more blocks.

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
clonedone
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May 10, 2011, 10:44:05 AM
 #1305

Well, I've gone from getting paid 0.06 per block to 0.03-0.04 per block, and despite the high hashrate i don't see that many more blocks, so I am watching over my BTC/24 because currently it has decreased Sad
Your income depends on pool's luck, not the pool's hashrate.
Yesterday we had bad luck, ~20% worse. Today we have ~10% better luck than average. This is what your income depends on.
You get 0.03 per block, but twice as more blocks.

isnt there a limit of 6 blocks per hour?

The Bitcoin network creates and distributes a batch of new bitcoins approximately six times per hour at random to somebody running the software with the "generate coins" option selected.


from the wiki

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May 10, 2011, 10:52:31 AM
 #1306

isnt there a limit of 6 blocks per hour?
The Bitcoin network creates and distributes a batch of new bitcoins approximately six times per hour at random to somebody running the software with the "generate coins" option selected.

No, there is no such limit - it says "approximately". Currently the network creates about 9.3 blocks per hour and the next difficulty adjustment will try to lower it to 6.

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
clonedone
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May 10, 2011, 11:39:06 AM
 #1307

isnt there a limit of 6 blocks per hour?
The Bitcoin network creates and distributes a batch of new bitcoins approximately six times per hour at random to somebody running the software with the "generate coins" option selected.

No, there is no such limit - it says "approximately". Currently the network creates about 9.3 blocks per hour and the next difficulty adjustment will try to lower it to 6.
oh i see thats why difficulty is insane

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May 10, 2011, 11:59:55 AM
 #1308

Well, I've gone from getting paid 0.06 per block to 0.03-0.04 per block, and despite the high hashrate i don't see that many more blocks, so I am watching over my BTC/24 because currently it has decreased Sad

I would prefer two pools with 300GH/s contrary to one with 600

That is not "per block" it is per round which is usually very short.  It is per block found by deepbit.net however.  Any of the blocks processed during that round could be very short [or solved very quickly by somebody outside of the pool].  Long rounds are simply "bad luck" rounds.

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May 10, 2011, 12:37:14 PM
 #1309

Hi!

I started mining day 1 of this month, so i'm new to this.
The first day i mined, i got 2.44 btc in 12h, with my 6950 (394 mhash/s).
My account is set to propotional. Today i noticed i only mined 1 btc in 10h. Dont know if its because i've selected "proportional" in my account or if it's because difficulty has risen.
Either way, what i want to know is:
Should i still let it set to "Proportional" or "Payed Per Share"? Which one is better in my current situation? which one will give me more BTC?
[Tycho]
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May 10, 2011, 12:53:16 PM
 #1310

My account is set to propotional. Today i noticed i only mined 1 btc in 10h. Dont know if its because i've selected "proportional" in my account or if it's because difficulty has risen.
Difficulty is ~40% higher now, it was adjusted tonight

Should i still let it set to "Proportional" or "Payed Per Share"? Which one is better in my current situation? which one will give me more BTC?
There is a description on the registration page and on each worker's page. Can you please tell me what was unclear for you in those descriptions so I can improve that text ?

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
ishav
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May 10, 2011, 02:11:59 PM
 #1311

Hello

I’m playing around with the API creating my own graphs and im wondering what the ‘"ipa": true’ value means?
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May 10, 2011, 02:14:41 PM
 #1312

I give PPS 24h risk run. I don't think it's going to be worse than my current rewards i receive.

It's been now near 12hours and i end this risk run. Even i'm one of the small guys, PPS is worse for me. I should have stick with proportional.
In case anyone else wonders this and hashrate is ~280Mhash/s, stick with proportional, it's better for your rewards even it might seem otherwise.
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May 10, 2011, 02:30:07 PM
 #1313

It's been now near 12hours and i end this risk run. Even i'm one of the small guys, PPS is worse for me. I should have stick with proportional.
In case anyone else wonders this and hashrate is ~280Mhash/s, stick with proportional, it's better for your rewards even it might seem otherwise.
In the long run Proportional may be 7% better on average, yes.

But you can't test it with just 12 hours because of luck variation.
In the LAST 12 hours Proportional was ~27% better than PPS. But in about the same time yesterday Proportional would be ~15% worse than PPS.

This can be compared to coin flipping. You throw coin two times and both times it falls on "heads" side, so you tell people that they should know that coin always lands on "heads". But in the next time it may be the opposite.

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
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May 10, 2011, 02:33:16 PM
 #1314

My hashrate is 'round 24.4 MH/s (seems the average somtimes reaches up to 'round 30 somtimes, but most of the times i look at the miner proggie it says it's going at 24.4 MH/s), which mode do you suggest for me?

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May 10, 2011, 02:51:25 PM
 #1315

@Tycho:

Yes, of course. It's like gambling.
I can't afford high end rig, so i follow the flow and stick with proportional no matter what Smiley
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May 10, 2011, 03:13:42 PM
 #1316

My hashrate is 'round 24.4 MH/s (seems the average somtimes reaches up to 'round 30 somtimes, but most of the times i look at the miner proggie it says it's going at 24.4 MH/s), which mode do you suggest for me?
There is a description of both reward modes on the registration page and on each worker's page. Can you please tell me what was unclear for you in those descriptions so I can improve that text ?

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
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May 10, 2011, 03:35:25 PM
 #1317

My hashrate is 'round 24.4 MH/s (seems the average somtimes reaches up to 'round 30 somtimes, but most of the times i look at the miner proggie it says it's going at 24.4 MH/s), which mode do you suggest for me?
There is a description of both reward modes on the registration page and on each worker's page. Can you please tell me what was unclear for you in those descriptions so I can improve that text ?

Since I'm in a similar boat with about 30MH/s I would say it's confusing because I assume at this slow of a hashrate I wouldn't be submitting any shared blocks fast enough to get any BTC from proportional. I read in the forum that PPS is better for slow hashrates and proportional is  better for higher hashrates but no one gives examples of what is slow and what is fast. If above is true maybe add a recommendation to the description? PPS: recommended for 100MH/s and slower and PROP: recommended for 100MH/s and faster. OR w/e the true/accurate hashrates would be recommended for each.
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May 10, 2011, 03:45:29 PM
 #1318

I read in the forum that PPS is better for slow hashrates and proportional is  better for higher hashrates but no one gives examples of what is slow and what is fast.
It's because it is subjective opinion, and I'd say it's wrong. The only thing you need to consider is what Tycho says in the description. On average you will get more money if you choose proportional, no matter what your speed is.
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May 10, 2011, 03:55:47 PM
 #1319

Question about this:
"Failure detection threshold (1-3600 minutes)".
Is there any optimal value for it, or how i should choose what to enter in it?

"Averaging window for hashrate display (5-30 minutes)"
I've set this to 30minutes AFAIK it's only for getting more accurate number in signature/in My Account page.
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May 10, 2011, 04:02:10 PM
 #1320

Question about this:
"Failure detection threshold (1-3600 minutes)".
Is there any optimal value for it, or how i should choose what to enter in it?
Depends on your hashrate. 40-60 min. recommended for CPU miners, 3 minutes for fast GPU miners. Your results may vary.

Soon there will be an option to send you e-mail warning after crossing this threshold.

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
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