[DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too

[ancow]

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?

[1714265244]

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[pekv2]

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]

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]

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

[eleuthria]

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.

[Sukrim]

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

[eleuthria]

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.

[Kermee]

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]

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.

[ancow]

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.

[Fiyasko]

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

[Fiyasko]

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.

Why the fuck is my bitcoind Rounding my wallet...../headdesk

[flower1024]

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

[Fiyasko]

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

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

[Kermee]

This is a *LONG* block...

Cheers,
Kermee

EDIT: Finally popped. 3h12m - 14,414,615 shares. Ouch.

[CanaryInTheMine]

what is up with these wild runs??? is it on this pool only? are others having same craziness?
 

[nefanon]

How do you guys like DeepBit? Does it payout more than Slush's Pool (BPM)?

[Fiyasko]

How do you guys like DeepBit? Does it payout more than Slush's Pool (BPM)?

Long story short, Slush pays more.
Short Story long, If you have no connection issues then Slush' score system wont "hit" you, And slush' pool charges 1% less than Deepbit.

I personally think that even with facts aside, mining in Deepbit earns me more coins

[bitlane]

Could a Deepbit MOD please post:
1) the Deepbit PPS rate (clarify PRE or POST Fee).
2) the Deepbit PPS Fee.

I have found nothing but conflicting results where info is available and none where the info should be.

Thanks in advance,
Allan

[Kermee]

Could a Deepbit MOD please post:
1) the Deepbit PPS rate (clarify PRE or POST Fee).
2) the Deepbit PPS Fee.

I have found nothing but conflicting results where info is available and none where the info should be.

Thanks in advance,
Allan

Hey, I was just wondering, how do I find out how much the PPC method is per share?  I've been looking all over the place and can't seem to find it listed anywhere.

Correct value is displayed on the main page of the site. It's updated automatically.

It's POST fee.
The PPS fee is 10%.
It's currently 0.00002531254692628 per share @ Difficulty 1777774.4820015.

You multiple the PPS with the current difficulty, it's about 45 BTC.  5 BTC of 50 BTC per block is... 10%.

Cheers,
Kermee