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Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1453640 times)
Fiyasko
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August 31, 2011, 08:10:35 AM
 #4041

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

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Fiyasko
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August 31, 2011, 08:12:53 AM
 #4042

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

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flower1024
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August 31, 2011, 08:13:45 AM
 #4043

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
 #4044

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
Kermee
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September 01, 2011, 10:13:54 AM
 #4045

This is a *LONG* block...

Cheers,
Kermee

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

CanaryInTheMine
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between a rock and a block!


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September 02, 2011, 05:33:26 AM
 #4046

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

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nefanon
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September 02, 2011, 07:16:45 PM
 #4047

How do you guys like DeepBit? Does it payout more than Slush's Pool (BPM)?
Fiyasko
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September 03, 2011, 04:10:54 PM
 #4048

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

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bitlane
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September 04, 2011, 07:57:29 AM
 #4049

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

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September 04, 2011, 08:14:24 AM
 #4050

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

bitlane
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September 05, 2011, 07:10:32 AM
 #4051

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

So, to be clear....  0.00002531254692628 is the POST FEE (FINAL) Rate currently ?
OR...
With the 10% Fee, Is it 0.00002531254692628 x 0.90 = RATE per Share ?

I don't understand why a PPS Pool even needs to advertise their Fee, other than to confuse users and give other Pool operators marketing ammunition (as some other Pool operators do, when comparing to Deepbit).

Why can't it be as simple as "0.0X0X0X0X0X0X multiplied by Your Shares = your Payout"

Kermee
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September 05, 2011, 07:23:30 AM
 #4052

So, to be clear....  0.00002531254692628 is the POST FEE (FINAL) Rate currently ?

Correct.

I don't understand why a PPS Pool even needs to advertise their Fee, other than to confuse users and give other Pool operators marketing ammunition (as some other Pool operators do, when comparing to Deepbit).

Because [Tycho] is being upfront.  There's a 10% fee for PPS.  As for the 'marketing ammunition', there's other PPS pools available to everyone that have lower fees and do compare to DeepBit's fees... Yet it is still the largest pool and there is a reason why.

Why can't it be as simple as "0.0X0X0X0X0X0X multiplied by Your Shares = your Payout"

It *IS* with the PPS rate I just gave you and you quoted, which is always available and updated on the DeepBit website.

Cheers,
Kermee

padrino
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September 05, 2011, 05:46:47 PM
 #4053

So, to be clear....  0.00002531254692628 is the POST FEE (FINAL) Rate currently ?


Because [Tycho] is being upfront.  There's a 10% fee for PPS.  As for the 'marketing ammunition', there's other PPS pools available to everyone that have lower fees and do compare to DeepBit's fees... Yet it is still the largest pool and there is a reason why.


It's definitely the largest however I'm wondering what the reason why is? I'm not asking simply to cause trouble but I am wondering the reasons because using Deppbit and other pools with a fairly large hash rate has given me some perspective and I'm interested in hearing yours.

1CPi7VRihoF396gyYYcs2AdTEF8KQG2BCR
os2sam
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September 05, 2011, 05:55:31 PM
 #4054

So, to be clear....  0.00002531254692628 is the POST FEE (FINAL) Rate currently ?


Because [Tycho] is being upfront.  There's a 10% fee for PPS.  As for the 'marketing ammunition', there's other PPS pools available to everyone that have lower fees and do compare to DeepBit's fees... Yet it is still the largest pool and there is a reason why.


It's definitely the largest however I'm wondering what the reason why is?

Maybe, because he can?

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
mb300sd
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September 06, 2011, 02:44:19 AM
 #4055

Why is it that every time my miner goes down, theres a string of short blocks?? This pool must have something against me.

[/rant]

i know its just my luck..

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
DrG
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September 06, 2011, 03:51:07 AM
 #4056

Why is it that every time my miner goes down, theres a string of short blocks?? This pool must have something against me.

[/rant]

i know its just my luck..

Your miners must be synced with mine.  I was on Slush' pool until yesterday (previously on Deepbit and BTCGuild).  I had a couple of troublesome machines.  Regardless of the pool the machine would always got down before a string of 1 min blocks (usually when I'm sleeping).  I would fix it in the morning only to then get hit with a 10 or 15 million block  Angry   Eh but such is life - at least I have a nice wife and kids  Grin

Kermee
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September 06, 2011, 04:28:29 AM
 #4057

It's definitely the largest however I'm wondering what the reason why is?

In a nutshell, it has had the least issues dealing with DDoS'es in the past because [Tycho] is generally on top of things and it's an extremely stable pool at all other times.  Plus the fact that for 'Proportional' users have generally very steady payouts.

Cheers,
Kermee

jrtubs
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September 06, 2011, 05:08:49 AM
 #4058

Just a note on the deepbit site when u click the forums button its linked to the old Bitcoin.org forums.
URL http://bitcointalk.org/index.php?topic=3889.0
os2sam
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September 06, 2011, 12:43:59 PM
 #4059

Just a note on the deepbit site when u click the forums button its linked to the old Bitcoin.org forums.
URL http://bitcointalk.org/index.php?topic=3889.0

I had noticed that too.  It's really annoying.  Didn't realize how much I used that link till now.
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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September 07, 2011, 03:11:53 AM
 #4060

Just a note on the deepbit site when u click the forums button its linked to the old Bitcoin.org forums.
URL http://bitcointalk.org/index.php?topic=3889.0
Fixed. Thanks for your report.

Approx. 2 hours ago ~5% of pool's users possibly experienced some connection issues, sorry about this.

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
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