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Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1601093 times)
Bert
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June 17, 2011, 06:33:19 PM
 #3061

Weird http://www.downforeveryoneorjustme.com/deepbit.net says that it is up, but I still can connect, and neither can my workers.

Tip jar: 1BW6kXgUjGrFTqEpyP8LpVEPQDLTkbATZ6
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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zerokwel
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June 17, 2011, 06:51:59 PM
 #3062

you can connect to the IP fine for the website but looks like the DNS is broke as its not resolving. I am sure when Tycho gets up he will repair it...
shamathana
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June 17, 2011, 07:42:11 PM
Last edit: June 17, 2011, 08:18:13 PM by shamathana
 #3063

Weird http://www.downforeveryoneorjustme.com/deepbit.net says that it is up, but I still can connect, and neither can my workers.

it's up.

4 Jun 2011 00:00 Pool's fee will be restored at 00:00 UTC, 4.06.2011
30 May 2011 Pool's fee is lowered to 0%-Proportional, 7%-PPS for a few days due to the outage caused by DDoS

We pay a competitive price:
    * Pay per share: 0.00005129803015564 BTC per every sumbitted share
    * Proportional: your part of every solved block less 3% fee

so the pps is actually as low as 0.00005129803015564 * 0.93 = 4.7707168 × 10^-5 ?
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June 17, 2011, 08:51:06 PM
 #3064

so the pps is actually as low as 0.00005129803015564 * 0.93 = 4.7707168 × 10^-5 ?
Looks about right.  I wonder if anybody has put together a chart that shows what payout method is better for any given hash rate per average block time.  If not, I guess I could start on an XLS or something, but I just ate lunch.  Sleepy time.

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June 17, 2011, 09:05:44 PM
 #3065

so the pps is actually as low as 0.00005129803015564 * 0.93 = 4.7707168 × 10^-5 ?
Looks about right.  I wonder if anybody has put together a chart that shows what payout method is better for any given hash rate per average block time.  If not, I guess I could start on an XLS or something, but I just ate lunch.  Sleepy time.

I actually did some testing on this, and found that in the sub ~600 mh/s range it is better to use PPS than it is to use proportional.  If you are running around the 600 mh/s range, you are around 2% of the total hash power.  If you are finding say 150 shares out of 2,708,361 total shares, your proportion of that block is 0.00003582 btc.  Where as if you multiple .000051298 btc X 100, you'd receive .0051298 btc, or 143% more btc for the same timeframe. 

For my tests, I ran this on two different computers, running the same hardware (hd 5770's) over the same 24 hour periods, one with proportion, and one with pay per share. 


And now as I'm typing this, I've now seen that I just hit 3 shares out of 1,405,030 total shares, and my proportion of that block was 0.00010356 btc, which is like 3x the previous example.  So, throw that out the window.  Thought I was being helpful, and then that threw me for a loop.  I'll try to add some figures up in excel and let you know what I come up with too.
Moussekateer
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June 17, 2011, 10:17:03 PM
 #3066

so the pps is actually as low as 0.00005129803015564 * 0.93 = 4.7707168 × 10^-5 ?
Looks about right.  I wonder if anybody has put together a chart that shows what payout method is better for any given hash rate per average block time.  If not, I guess I could start on an XLS or something, but I just ate lunch.  Sleepy time.

I have a script that calculates potential earnings for a few pools, comparing pps to prop. Pretty much got the results phewajack got. Below 600MHz i earn more on pps, even compared to zero fee prop pools. I can post the script here later when I get home.
Jack of Diamonds
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June 17, 2011, 10:25:20 PM
 #3067

I actually did some testing on this, and found that in the sub ~600 mh/s range it is better to use PPS than it is to use proportional.  If you are running around the 600 mh/s range, you are around 2% of the total hash power.  If you are finding say 150 shares out of 2,708,361 total shares, your proportion of that block is 0.00003582 btc.  Where as if you multiple .000051298 btc X 100, you'd receive .0051298 btc, or 143% more btc for the same timeframe. 


That's bs, lol. I currently allocated about 3ghash/s to deepbit and it says 0.10% of total capacity.


1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
hacker
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June 17, 2011, 10:50:52 PM
 #3068

I had problems connecting earlier today, changing my DNS servers to level 3 communications public DNS sorted it.

Code:
4.2.2.[1-6]
shamathana
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June 18, 2011, 12:01:35 AM
 #3069

i would be suprised if there is a better method. because it would mean Tycho wouldn't have done his "homework" *g

i'm below 300mh/s but pps is not better for me it's just different. it just comes down to how much luck i have. if blocks gets solved fast then proportional is better. if the blocks are invalid or take long pps is better. pps is like an insurrance. if everything is fine ur wasting money on it, if things are not fine(long/invalid blocks) it takes the financial damage instead of u.

3h work:
solved hashes: 44 reward: 0,00329794 hashvalue: 7,27045863636363E-005
as u can see prop. netted me a gain instead of pps, because all 8 blocks were solved quite fast(longest duration 38min) and so the prop. method was better. because the 50btc were shared just between "a few" solved hashes, which increases their individual value.

example block:
time to solve: 0h10m my shares: 5 all shares: 381991 my reward: 0,00063483   hashvalue: 0,000126966 very short round and the hashvalue from prop is more than 2 times higher than pps!

but the other day it looked better for pps:
~13h work:
solved hashes: 353 reward: 0,01405718 hashvalue: 3,86273784702549E-005
in this timeperiod the blocks took quite a while to solve, so the indivudual hashvalue decreased and pps would have netted me a gain instead of using prop.

example block:
time to solve: 2h15m my shares: 57 all shares: 5518786 reward: 0,00050093 hashvalue: 8,52459824561404E-006 very long round, so each hash has very little value: a sixth of what pps would have netted.

as u can see in the short run it comes down to luck: having picked prop for fast blocks and pps for long blocks.

but in the long run?
to calculate that u have to take the 50btc(per block) and divide them through the average number of proof-of-works which are needed to solve a block. the result is the average hashvalue. if it's below the pps-value then pps is better, if not prop is the way to go.
i dont know how to calculate the proof-of-work chance, so i have to take the data from the page. in the last 24h 65blocks were solved on deepbit, 58.152.689 solved hashes were needed. meaning 894.656hashes on average per block. giving the individual hash a value of 5,589*10^-5. which just confirms what i said earlier. the last 24h weren't full of long or invalid blocks, so the prop method came out on top.
if anyone knows how to calculate the probability of the proof-of-work, u can check if tycho calculated the price fair for prop vs pps. anyhow it will be quite small so and just a probability.
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June 18, 2011, 12:32:11 AM
Last edit: June 18, 2011, 03:46:03 AM by Imagex
 #3070

Still down?

strange can hit deepbit from a remote location but no from home where my miners are and there all down. can hit any other website on the net and double checked dns and it going to the correct ip just cant connect with miners, webpage or ping.. comcast blocking??



Edit: Was my router, wrt54g running ddwrt firmware. think when I added another miner the router must of had a limit of how many connections per port. replaced router and back mining  Grin
Moussekateer
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June 18, 2011, 01:02:05 AM
 #3071

Still down?

strange can hit deepbit from a remote location but no from home where my miners are and there all down. can hit any other website on the net and double checked dns and it going to the correct ip just cant connect with miners, webpage or ping.. comcast blocking??

That's odd I'm having no trouble connecting to the site or mining server.
os2sam
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June 18, 2011, 02:08:23 AM
 #3072

Still down?

strange can hit deepbit from a remote location but no from home where my miners are and there all down. can hit any other website on the net and double checked dns and it going to the correct ip just cant connect with miners, webpage or ping.. comcast blocking??

That's odd I'm having no trouble connecting to the site or mining server.

You just had to say it, didn't you? Smiley

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
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[Tycho]
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June 18, 2011, 02:17:12 AM
 #3073

PMI, but how long does it take for a payout type to kick in (ie. switching from PPS to Proportional, or vice versa)?  I was under the impression that you finish up the current block and then you get switched over by the next block.  But I just switched to Proportional and there's been 5 or 6 blocks go by since I switched and I haven't seen my BTC count move at all.  And the block history column is showing + 0.00000000 BTC as if I was still under PPS for those blocks.  Is there some kind of delay where you don't earn any BTC between switching between payout types?
Mode switch is instant, but history column is delayed by one hour, so you will see proper values after one hour.

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.
[Tycho]
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June 18, 2011, 02:18:44 AM
 #3074

you can connect to the IP fine for the website but looks like the DNS is broke as its not resolving. I am sure when Tycho gets up he will repair it...
Wrong answer was cached by DNS server, this will be solved after some timeout.

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.
Mousepotato
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June 18, 2011, 02:19:24 AM
 #3075

Man! Right after I switch to Propo 4 20+ minute blocks in a row! Fml..

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[Tycho]
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June 18, 2011, 02:21:37 AM
 #3076

We pay a competitive price:
    * Pay per share: 0.00005129803015564 BTC per every sumbitted share
    * Proportional: your part of every solved block less 3% fee
so the pps is actually as low as 0.00005129803015564 * 0.93 = 4.7707168 × 10^-5 ?
No.
It says that 3% fee is for Proportional only.
PPS fee is already subtracted from shown share price.

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.
shamathana
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June 18, 2011, 03:18:52 PM
 #3077

but history column is delayed by one hour
why is that anyways? other pools offer live stats.
Veldy
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June 18, 2011, 05:39:36 PM
 #3078

Why on Earth would they need to watch the forums? They can attack whenever they please. What benefit do they get from watching this thread?
May be to check when admin is sleeping ? Smiley

I know that you never sleep.  Four one hour naps a day made Einstein happy Smiley

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Veldy
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June 19, 2011, 01:29:49 AM
 #3079

you can connect to the IP fine for the website but looks like the DNS is broke as its not resolving. I am sure when Tycho gets up he will repair it...

Or switch too a public DNS other than your ISP, such as Google DNS or OpenDNS.  Do read the privacy information however (not as if your ISP can't collect the same information).  Many DNS do not properly honor TTL, especially small TTL and may return an old address when a new one has been setup.  You can always setup a DNS on your own machine [BIND is available for Windows] and running your own caching DNS, which avoids much of the privacy concerns if you have them about your ISP or public DNS (lookups are not encrypted, so privacy is only through obscurity). 

I rambled about DNS, but that might have nothing to do with the problem on your end.  I believe that pit.deepbit.net resolves to the address of whatever server in the pool that deepbit wants you to use. Tycho?  DNS load balancing?  I know that every time that I checked in the last minute the address is the same (could be local caching or really only one address resolves to pit.deepbit.net)..

If you have found my post helpful, please donate what you feel it is worth: 18vaZ4K62WiL6W2Qoj9AE1cerfCHRaUW4x
Veldy
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June 19, 2011, 01:33:36 AM
 #3080

but history column is delayed by one hour
why is that anyways? other pools offer live stats.

At one time, there was a method of pool jumping which supposedly maximized profitability.  It required knowledge on the progress on the current block.  Some pools solved this by moving to a score based system [Slush and BTCMine] and this pool simply doesn't show block stats for an hour [or longer if a block were to take more than an hour to be solved which isn't that likely].


With the high hash rates and when blocks / hour were high, pool jumping was more difficult and I don't know if it is a viable option, especially considering the amount of work it would take to do for any significant profit.

If you have found my post helpful, please donate what you feel it is worth: 18vaZ4K62WiL6W2Qoj9AE1cerfCHRaUW4x
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