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Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1485249 times)
phathash
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March 05, 2011, 08:05:18 AM
 #321

No block for 12 hours?
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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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VastLite
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March 05, 2011, 08:32:10 AM
 #322

It has not been a good day for us proportional users...  Sad
new_in_this
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March 05, 2011, 09:48:40 AM
 #323

Back in mining Smiley

HDD was burning hot when i closed my computer and was having lot's of difficulties to boot. It was under warranty and i got replacement disk.

Luckily i'm over paranoid with backups and didn't lose any important info and files Smiley I think that burning hot HDD caused my GPU fan to near max out as inside case was reallyreally hot Shocked

OK, back to topic.

Could someone explain proportional/pay per share in a way that i understand (think i'm stupid)?


EDIT:
@[Tycho]: could you set forum link attribute to open in new window/tab?
os008
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March 05, 2011, 11:56:31 AM
 #324

Could someone explain proportional/pay per share in a way that i understand?

Here you go ...

I just want to make sure i've understood the difference, please ...
Proportional: Reward is based on finding a block. (I think i'm wrong here)
Pay-per-Share: Reward is based on the number of shares submitted, and the price specified on the homepage per share.
Yes, you are right.
Proportional: you get your part of the block when it's found. If you submitted 10000 shares and the block took 20000 to solve, you get half of all the reward.
Pay-per-Share: you get that fixed price for every share instantly, even if block is not found yet.

This does need to be simplified a bit more, e.g.

Proportional: . . .  you get half of all the reward, less three percent, which is commission to the pool operator.
Pay-per-Share: . . . that fixed price is, on average, ten percent less than you would get on a statistical average over the long term.

I think these are fair commissions as they are in line with others.  I mention it here only because if it is not completely clear to everyone, people are going to jump all over you when they finally get a clue and they are going to accuse you of cheating them.  Look at Slush's pool . . . people were asking him pointed questions, as if he were up to no good, at a time he wasn't even charging anything.  Just FYI, the only reason I left Slush's pool is that I was getting a large percentage of invalid/stale responses which may have accounted for a percentage of loss larger than anyone's commission.  That may have been a problem on my end, and not with Slush's pool, but since it has apparently been eliminated, I will stick with your pool for awhile.  My motto:  Put all of your eggs in one basket.  Then watch that basket.

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JWU42
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March 05, 2011, 12:45:18 PM
 #325

I switched to PPS last night until I see us getting stable again with results.

EDIT: My PPS is even well below normal.  Just 0.08823492 last hour.  I should be nearer .315/hour with 488Mhash/s based on my calculations.

Last hour back at .331 - as it should be - will watch this today...

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kosovito
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March 05, 2011, 01:46:48 PM
 #326

Just a simple question from a noob.

Is needed to run bitcoin with Generating Coins activated?? or running mining in a cmd is ok??

Thanks

Please sir, give me any coin Smiley  135T7F27z7Mtvwffz359BE1zSfYgT1oJ8S
Neereus
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March 05, 2011, 01:54:21 PM
 #327

Just a simple question from a noob.

Is needed to run bitcoin with Generating Coins activated?? or running mining in a cmd is ok??

Thanks

If you are generating coins with a miner and connected to deepbit, then no, you do no have to have the regular client up at all.

If you are using a cpu miner, having generate coins on in the regular client would be a counter productive thing to do as well.

Donate (even 0.01 BTC) to my Robot Fund:
18jXUmXEz3c8Ji3SqZMwGE6PYY3V7qyQ86
electrotime
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March 05, 2011, 02:05:41 PM
 #328

Hi, Im new here...

http://img508.imageshack.us/img508/1066/paypershare.png

What would you recommend for me? PPS or Proportional?

Si te ha servido mi información, cualquier donación es bienvenida => 17jvU48o4k2ypZNfspinvy1fPBxePs1aY5 <= Gracias.
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March 05, 2011, 02:14:43 PM
 #329

Just a simple question from a noob.

Is needed to run bitcoin with Generating Coins activated?? or running mining in a cmd is ok??

Thanks

If you are generating coins with a miner and connected to deepbit, then no, you do no have to have the regular client up at all.

If you are using a cpu miner, having generate coins on in the regular client would be a counter productive thing to do as well.

Ok, then, i have a GUI miner running, and bitcoint too (but disabled generating coins)
This is the mining:



Is that ok then??

Thanks

Please sir, give me any coin Smiley  135T7F27z7Mtvwffz359BE1zSfYgT1oJ8S
hazek
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March 05, 2011, 02:38:11 PM
 #330

Hi, Im new here...

What would you recommend for me? PPS or Proportional?

Definitely proportional. But you have to understand there's a bit of variance involved so in short periods PpS is more constant but if you intend to run it for at least a week which is how long I think it'll take to even out for how fast the pool finds blocks you'll get more with proportional.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
hazek
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March 05, 2011, 02:38:42 PM
 #331


Is that ok then??

Thanks

Yep.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
foo
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March 05, 2011, 03:17:57 PM
 #332

Man, variance is a bitch... Tongue
Time/Link             Found in   Total shares
05.03.2011 15:57:27   0h 02m     1746
...
05.03.2011 11:00:13   13h 21m    394614

I know this because Tyler knows this.
electrotime
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March 05, 2011, 03:22:41 PM
 #333

Definitely proportional. But you have to understand there's a bit of variance involved so in short periods PpS is more constant but if you intend to run it for at least a week which is how long I think it'll take to even out for how fast the pool finds blocks you'll get more with proportional.

Thank you! I'll follow your advice... ^^

Si te ha servido mi información, cualquier donación es bienvenida => 17jvU48o4k2ypZNfspinvy1fPBxePs1aY5 <= Gracias.
JWU42
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March 05, 2011, 03:35:00 PM
 #334

It certainly appears that after we find a block in a short time (i.e., less than 60 minutes) the next block is closer to 4-5 hours.
Code:
05.03.2011 12:19:40 3h 02m
05.03.2011 09:17:00 0h 16m

05.03.2011 09:00:13 13h 21m
04.03.2011 19:39:11 0h 38m

04.03.2011 11:40:10 3h 55m
04.03.2011 07:44:57 0h 03m

04.03.2011 07:41:48 5h 35m
04.03.2011 02:06:22 0h 55m
04.03.2011 01:11:19 4h 52m
03.03.2011 20:19:12 0h 12m

The exception is the "God Run" we had on 3 March where we had 5 in a row less than an hour...

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hazek
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March 05, 2011, 03:43:59 PM
 #335

Man, variance is a bitch... Tongue
Time/Link             Found in   Total shares
05.03.2011 15:57:27   0h 02m     1746
...
05.03.2011 11:00:13   13h 21m    394614


No kidding:

Time/Link       Found in         Total shares     Reward
05.03.2011 14:57:27   0h 02m    1746   None

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
wolfdog
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March 05, 2011, 04:18:46 PM
 #336

I switched to PPS last night until I see us getting stable again with results.

EDIT: My PPS is even well below normal.  Just 0.08823492 last hour.  I should be nearer .315/hour with 488Mhash/s based on my calculations.

Last hour back at .331 - as it should be - will watch this today...

I just switched too and I am seeing much more consistent results, which is to be expected Smiley.  Maybe I will switch back, but I doubt it since I like seeing consistent results.
JWU42
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March 05, 2011, 05:20:26 PM
 #337

Wolfdog,

There is a 10% fee for PPS so in the long run it isn't as good as proportional.  That said, I do like the consistent $.33/BTC per hour

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os008
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March 05, 2011, 06:18:24 PM
 #338

Thought i'd make myself a simple script to show me when i go below 0.2 hourly average (PPS average, to switch to that). deepbit is treating me well Smiley.


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new_in_this
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March 05, 2011, 06:30:22 PM
 #339

@os008:
Thanks, it was on page 5 and for some reason i didn't see it even i've read all replies so far.
os008
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March 05, 2011, 06:40:33 PM
 #340

No problem.

I think my Excel sheet needs revision. It's totally off. Anyway, the average so far is higher than the PPS average by 22% over the period of 3 days (0.2 vs 0.243). At least for me. So i'm happy.

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