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Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1559797 times)
CanaryInTheMine
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between a rock and a block!


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August 30, 2011, 02:00:25 AM
 #4021

so sorry bit of a noob question! What does resting the counters do for me?

gives them a breather from all the hard work...
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thefussydutchman
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August 30, 2011, 02:03:11 AM
 #4022

thanks
CanaryInTheMine
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between a rock and a block!


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August 30, 2011, 02:09:48 AM
 #4023

thanks

You do know I was joking, right?
Kermee
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August 30, 2011, 02:40:38 AM
 #4024

thanks [for the chuckle!]

You do know I was joking, right?

Fixed it. Wink

Cheers,
Kermee
Fiyasko
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Okey Dokey Lokey


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August 30, 2011, 03:05:21 AM
 #4025

Ahaha.
It's the same thing as pushing the reset button on your cars odometer.

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
Mt.Fun
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August 30, 2011, 02:36:57 PM
 #4026

What's up with the new difficulty being reported as 1777774 on deepbit but 1779164 everywhere else?

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ancow
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August 30, 2011, 02:49:11 PM
 #4027

What's up with the new difficulty being reported as 1777774 on deepbit but 1779164 everywhere else?
Hmm, my bitcoind also says 1777774 (1777774.48200146 to be precise). So I'd ask, what's up with everyone else reporting the wrong value? Tongue

BTC: 1GAHTMdBN4Yw3PU66sAmUBKSXy2qaq2SF4
pekv2
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August 30, 2011, 02:59:33 PM
 #4028

I think, we are working on the current block/blocks that is 1777774, once we hit blocks that starts at 1779164, it will update to 1779164.
callmeivan
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August 30, 2011, 03:53:53 PM
 #4029

If some of you guys want email notifications for idle deepbit workers please have a look at https://bitcointalk.org/index.php?topic=40263.0

I still have some free accounts available, after they are gone i will charge only 0.1 BTC / month.
Fiyasko
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August 30, 2011, 04:15:10 PM
 #4030

If some of you guys want email notifications for idle deepbit workers please have a look at https://bitcointalk.org/index.php?topic=40263.0

I still have some free accounts available, after they are gone i will charge only 0.1 BTC / month.

See? it's been 200pages and now someone has made a service for email notifications.
Seriously why didnt DeepBit have built in email Notifys around page 70,

And Please put freaking email notifications in -_-"... c'mon man were paying 3% if i had this buddy's service i wouldnta lost 7hrs of mining the other night

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
eleuthria
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August 30, 2011, 04:25:21 PM
 #4031

And the "please consider delaying stats" What The Fuck? Why? who the hell Wants to wait 120confirmations just to see Any of thier work actually be "legitamit"

That's actually where i think that BTCGuild's model is close to perfect - instead of robbing you (oh, sorry, i mean "high fees"), their donation->immediate confirmation with no need for the 120 is really, really fair and more than adequate for everyone's needs. You want instant "legitimacy", donate 2.5%. It's not like it's a big value, like 10%.


At BTCGuild they take xyz% fee out of total shares submitted So if i mine a Grand Total of 50coins over a Long time, Im paying on xyz% of EACH SHARE SUBMITTED.
Correct me if im wrong.
But when i was at btcguild with a .5% fee set, The "total donated" was Rocketing up there and i was "donating" out the ass to them. the ".5%donation" was on Every Fucking Share.
Rather than Everyone getting slapped pre-empitivly with 3% Once on the block
Quote BTCGuild front page "We do not take any fee from the block reward itself."


Deepbit taxes the 50coin block with 3% once and thats over and done with, Then we get rewarded for each share we submitted

In short. IMO Deepbit's 3%tax is Much less than BTCGuilds .5%"donation"

Do the math, seriously, If i submit 10,000 shares to deepbit then 300 of thoses shares are paying for the tax. But thier not, all my shares have already been taxed.
If i submit 10,000 shares to BTCguild then each and Every One of my shares gets hit with a .5%"donation".

Again, Correct me if im wrong.
(score=antihopper)

You're absolutely wrong.  3% off the top of the block means your rewards are 3% lower.  Donating 2% of your rewards = Your rewards are 2% lower.

Block reward is 50.  Your reward is calculated proportionally, exactly like deepbit.  If you have a donation percent of 2%, your reward is reduced by that percentage.  Assuming you had two blocks with the exact same share counts on BTC Guild and Deepbit, and your contribution was the same number of shares, your reward would be 1% higher.  We use the -exact same- reward system as Deepbit: Proportional.

RIP BTC Guild, April 2011 - June 2015
Sukrim
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August 30, 2011, 04:52:36 PM
 #4032

I wouldn't try arguing statistics with 24/7 proportional miners... Grin

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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eleuthria
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August 31, 2011, 12:47:30 AM
Last edit: August 31, 2011, 12:57:53 AM by eleuthria
 #4033

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee
Taking 2% off the block vs 2% off each user's reward results in the exact same payout for each user and the same amount for the pool.  It doesn't matter if you take 2% off the top of the block, or 2% off the individuals rewards.  If everybody on BTC Guild donated 3%, their rewards would be identical to what they would have received on Deepbit assuming their proportion of the block was the same.

The fee/donation at BTC Guild is per block.  There is no difference in the way rewards are determined between BTC Guild and Deepbit, other than the fact that you pick your personal fee based on what additional features you want and what you feel its worth.

RIP BTC Guild, April 2011 - June 2015
Kermee
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August 31, 2011, 01:04:06 AM
 #4034

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee

You misquote who you were responding to?

Cheers,
Kermee
eleuthria
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August 31, 2011, 05:15:43 AM
 #4035

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee
Taking 2% off the block vs 2% off each user's reward results in the exact same payout for each user and the same amount for the pool.  It doesn't matter if you take 2% off the top of the block, or 2% off the individuals rewards.  If everybody on BTC Guild donated 3%, their rewards would be identical to what they would have received on Deepbit assuming their proportion of the block was the same.

The fee/donation at BTC Guild is per block.  There is no difference in the way rewards are determined between BTC Guild and Deepbit, other than the fact that you pick your personal fee based on what additional features you want and what you feel its worth.
Dude, Again, No they dont, BTCguild takes thier donation fee% out of everyshare you submit.
Deepbit taxes the block then feeds out the rewards

I own BTC Guild.  I know how it works.  (Your Shares / Total Shares) * 50 BTC = Proportional reward.  It is then reduced by your donation percent.


Sorry for the thread hijack [Tycho], but when someone starts stating completely false comparisons like BTC Guild taking fees from individual shares rather than per-block rewards, I have to correct them.

RIP BTC Guild, April 2011 - June 2015
ancow
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August 31, 2011, 05:17:28 AM
 #4036

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee
Taking 2% off the block vs 2% off each user's reward results in the exact same payout for each user and the same amount for the pool.  It doesn't matter if you take 2% off the top of the block, or 2% off the individuals rewards.  If everybody on BTC Guild donated 3%, their rewards would be identical to what they would have received on Deepbit assuming their proportion of the block was the same.

The fee/donation at BTC Guild is per block.  There is no difference in the way rewards are determined between BTC Guild and Deepbit, other than the fact that you pick your personal fee based on what additional features you want and what you feel its worth.
Dude, Again, No they dont, BTCguild takes thier donation fee% out of everyshare you submit.
Deepbit taxes the block then feeds out the rewards

I sincerely want to thank you for all those chuckles. Also, I think I'm going to save this somewhere to prove to people how not knowing basic maths can cost you money...

Now, to prove to you (or at least someone who can actually do maths) that 3% off the total block reward is the same as taking 3% off each share (note that I chose fictional values to make it easy to follow):

Lets assume you were working on a block that took exactly 200 shares to solve. You contributed 100 of them.

On deepbit, you would get half of 48.5 BTC, which is 24.25 BTC ((48.5 BTC / 200 total shares) * 100 profit shares = 24.25 BTC).
On BTC Guild, if you donate 3%, 3 of those shares would be used for donation, the 97 others would be profit. Now, (50 BTC / 200 total shares) * 97 profit shares = 24.25 BTC...

Yeah, obviously deepbit pays more. Tongue

BTC: 1GAHTMdBN4Yw3PU66sAmUBKSXy2qaq2SF4
Fiyasko
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August 31, 2011, 08:10:35 AM
 #4037

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee
Taking 2% off the block vs 2% off each user's reward results in the exact same payout for each user and the same amount for the pool.  It doesn't matter if you take 2% off the top of the block, or 2% off the individuals rewards.  If everybody on BTC Guild donated 3%, their rewards would be identical to what they would have received on Deepbit assuming their proportion of the block was the same.

The fee/donation at BTC Guild is per block.  There is no difference in the way rewards are determined between BTC Guild and Deepbit, other than the fact that you pick your personal fee based on what additional features you want and what you feel its worth.
Dude, Again, No they dont, BTCguild takes thier donation fee% out of everyshare you submit.
Deepbit taxes the block then feeds out the rewards

I own BTC Guild.  I know how it works.  (Your Shares / Total Shares) * 50 BTC = Proportional reward.  It is then reduced by your donation percent.


Sorry for the thread hijack [Tycho], but when someone starts stating completely false comparisons like BTC Guild taking fees from individual shares rather than per-block rewards, I have to correct them.

Could you not have simply stated "i run btc guild, This is the math i put in" in the first place? seriously could've saved us all a headache

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
Fiyasko
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August 31, 2011, 08:12:53 AM
 #4038

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee
Taking 2% off the block vs 2% off each user's reward results in the exact same payout for each user and the same amount for the pool.  It doesn't matter if you take 2% off the top of the block, or 2% off the individuals rewards.  If everybody on BTC Guild donated 3%, their rewards would be identical to what they would have received on Deepbit assuming their proportion of the block was the same.

The fee/donation at BTC Guild is per block.  There is no difference in the way rewards are determined between BTC Guild and Deepbit, other than the fact that you pick your personal fee based on what additional features you want and what you feel its worth.
Dude, Again, No they dont, BTCguild takes thier donation fee% out of everyshare you submit.
Deepbit taxes the block then feeds out the rewards

I sincerely want to thank you for all those chuckles. Also, I think I'm going to save this somewhere to prove to people how not knowing basic maths can cost you money...

Now, to prove to you (or at least someone who can actually do maths) that 3% off the total block reward is the same as taking 3% off each share (note that I chose fictional values to make it easy to follow):

Lets assume you were working on a block that took exactly 200 shares to solve. You contributed 100 of them.

On deepbit, you would get half of 48.5 BTC, which is 24.25 BTC ((48.5 BTC / 200 total shares) * 100 profit shares = 24.25 BTC).
On BTC Guild, if you donate 3%, 3 of those shares would be used for donation, the 97 others would be profit. Now, (50 BTC / 200 total shares) * 97 profit shares = 24.25 BTC...

Yeah, obviously deepbit pays more. Tongue
Why the fuck is my bitcoind Rounding my wallet...../headdesk

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
flower1024
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August 31, 2011, 08:13:45 AM
 #4039

Could you not have simply stated "i run btc guild, This is the math i put in" in the first place? seriously could've saved us all a headache

i have had much fun reading your interpreation of math Smiley
Fiyasko
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September 01, 2011, 07:09:01 AM
 #4040

Could you not have simply stated "i run btc guild, This is the math i put in" in the first place? seriously could've saved us all a headache

i have had much fun reading your interpreation of math Smiley

yeaaahhhhh.......
/facepalm
Im just going to delete most of my stupidity....

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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