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Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1454939 times)
TurdHurdur
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March 21, 2011, 07:07:43 PM
 #461

It's dead Jim... From multiple locations, traceroute stops at xe1-01.agg01.sctn01.hostnoc.net (64.191.19.6).
Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin-Qt is the only known safe implementation of a full node. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
[Tycho]
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March 21, 2011, 07:11:45 PM
 #462

It's dead Jim... From multiple locations, traceroute stops at xe1-01.agg01.sctn01.hostnoc.net (64.191.19.6).
Yes, working on it.

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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March 21, 2011, 08:23:20 PM
 #463

Server is back online.

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.
dishwara
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March 22, 2011, 04:12:27 AM
 #464

I think some bug in auto payment. Set to 0.1, but even after 3-4 hours, still not sending.
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bbulker
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March 22, 2011, 05:10:04 AM
 #465

I've only had 3 stales out of 1,731 shares and they were caused by me overclocking my video card while mining.

I think some bug in auto payment. Set to 0.1, but even after 3-4 hours, still not sending.
username dishwara(at)gmail.com

Same with me, I have had well beyond my minimum for quite a while now.
nster
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March 22, 2011, 07:06:55 AM
 #466

I've only had 3 stales out of 1,731 shares and they were caused by me overclocking my video card while mining.

I think some bug in auto payment. Set to 0.1, but even after 3-4 hours, still not sending.
username dishwara(at)gmail.com

Same with me, I have had well beyond my minimum for quite a while now.

dont you get paid at the end of the day only?

167q1CHgVjzLCwQwQvJ3tRMUCrjfqvSznd Donations are welcome Smiley Please be kind if I helped
[Tycho]
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March 22, 2011, 05:08:04 PM
 #467

I think some bug in auto payment. Set to 0.1, but even after 3-4 hours, still not sending.
username dishwara(at)gmail.com
As i said many times before, autopayment runs daily, so it's normal if you get payment after 24 hours (usually in worst case).
Today i'm planning to deploy "Pay now" button to site for those who want to get their money instantly :)

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.
dishwara
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March 22, 2011, 09:26:38 PM
 #468

I think some bug in auto payment. Set to 0.1, but even after 3-4 hours, still not sending.
username dishwara(at)gmail.com
As i said many times before, autopayment runs daily, so it's normal if you get payment after 24 hours (usually in worst case).
Today i'm planning to deploy "Pay now" button to site for those who want to get their money instantly Smiley

oh, it pays daily, don't know that. anyway got paid & pay now button is good idea.
foxmulder
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March 23, 2011, 03:45:51 PM
 #469

What does proportional payout method means? does it will pay only when a block being found?

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[Tycho]
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March 23, 2011, 03:49:14 PM
 #470

What does proportional payout method means? does it will pay only when a block being found?
Yes, your balance is updated once per hour after the block is found in Proportional mode. You get your part of BTC, generated in this block.

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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March 23, 2011, 11:15:15 PM
 #471

As we can see, someone keeps flooding transaction queue with hundreds of small payments, possibly to force everyone into setting a mandatory transaction fee.
Already more than 1/4 of network is not accepting free transactions, which I don't like because at this time free transactions are a great bitcoin advantage when comparing to another online payment systems.

Regarding this i want to say that my pool will continue to accept free transactions in my blocks. (I alrealy tried to delay this problem by including most of those flood txes when they were generated, but it's not feasible anymore to accept them all)
Also, i'm including all my payment transactions, so pool members will continue to receive their rewards without transaction fees.

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.
SteveB
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March 24, 2011, 12:28:22 AM
 #472

Regarding this i want to say that my pool will continue to accept free transactions in my blocks.

I'm glad to hear that. Slush's decision to stop including free transactions was the main reason why I switched from his pool to yours. I hope the spam problem can be resolved. In my opinion, if  paying a fee will become necessary, bitcoin will die. What is the most hated thing about traditional banking? IT'S THE FEES!
MDKing
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March 24, 2011, 12:42:47 AM
 #473

Hello:

Just have a question regarding rewards. I currently have about 750Mhash/sec in raw speed which fluctuates between 825Mhashes/sec to 650Mhashes/sec average speed on the account pages. As I understand this is figured is based upon the successful submissions of shares. Based on this average speed my pool % is determined, typically around 1.25%. So far I've participated in the finding of one block, a reward of ~0.24 BTC, I would have expected that 1.25% of the pool would be around 0.625 BTC. Or is it that although I am providing 1.25% of the pool speed, I may not be providing 1.25% of the pool shares?



jgarzik
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March 24, 2011, 12:43:21 AM
 #474

I'm glad to hear that. Slush's decision to stop including free transactions was the main reason why I switched from his pool to yours. I hope the spam problem can be resolved. In my opinion, if  paying a fee will become necessary, bitcoin will die. What is the most hated thing about traditional banking? IT'S THE FEES!

Paying a fee was always likely necessary in the long run.  You might like sending free transactions, but that also means spammers can spam unlimited numbers of transactions, unless there are some counter-incentives in place.

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
jgarzik
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March 24, 2011, 12:44:52 AM
 #475

As we can see, someone keeps flooding transaction queue with hundreds of small payments, possibly to force everyone into setting a mandatory transaction fee.
Already more than 1/4 of network is not accepting free transactions, which I don't like because at this time free transactions are a great bitcoin advantage when comparing to another online payment systems.

Use -limitfreerelay in current git.  That will reduce spam, while still allowing free transactions.  Non-spammy transactions with larger amounts and older coins will still have higher "free" priority over spam transactions, while continuing to avoid fees.


Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
[Tycho]
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March 24, 2011, 12:59:17 AM
 #476

Just have a question regarding rewards. I currently have about 750Mhash/sec in raw speed which fluctuates between 825Mhashes/sec to 650Mhashes/sec average speed on the account pages. As I understand this is figured is based upon the successful submissions of shares. Based on this average speed my pool % is determined, typically around 1.25%. So far I've participated in the finding of one block, a reward of ~0.24 BTC, I would have expected that 1.25% of the pool would be around 0.625 BTC. Or is it that although I am providing 1.25% of the pool speed, I may not be providing 1.25% of the pool shares?
The percentage of pool's speed displayed on account page is based on the "luck meter" (the MH/s speed display), which is based on counting your submitted shares per some minutes. It's not very steady value, so real payment is based on exact number of your shares per solved block.
On average those percentages are similar, but "luck meter" is provided as coarse reference only (you may be more lucky in one minute and less lucky in another one), so check stats page for real value after the block will be added there.

Other differnece between hashing speed percentage and shares percentage:
If you join the pool exactly in the middle of a round and get, for example, 10% of pool's speed and this value may be correct. But since you were participating only half the time, your reward share will be only 5% (4.85%, to be precise). So in this case yes, providing 1.25% of pool's speed doesn't equals to providing 1.25% of shares.

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.
SteveB
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March 24, 2011, 01:08:04 AM
 #477

Paying a fee was always likely necessary in the long run.  You might like sending free transactions, but that also means spammers can spam unlimited numbers of transactions, unless there are some counter-incentives in place.

If that's the case than I'm afraid that bitcoin will fail. I can't be the only one that absolutely despises fees.
[Tycho]
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March 24, 2011, 01:11:16 AM
 #478

Paying a fee was always likely necessary in the long run.  You might like sending free transactions, but that also means spammers can spam unlimited numbers of transactions, unless there are some counter-incentives in place.
If that's the case than I'm afraid that bitcoin will fail. I can't be the only one that absolutely despises fees.
There always will be someone to accept free txes.
We just have to find a way to fight off the bad guys who are flooding to make fees mandatory :)

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.
jgarzik
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March 24, 2011, 01:13:08 AM
 #479

Paying a fee was always likely necessary in the long run.  You might like sending free transactions, but that also means spammers can spam unlimited numbers of transactions, unless there are some counter-incentives in place.

If that's the case than I'm afraid that bitcoin will fail. I can't be the only one that absolutely despises fees.

There is no doubt that everybody likes a free lunch.


Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
MDKing
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March 24, 2011, 01:13:36 AM
 #480

Just have a question regarding rewards. I currently have about 750Mhash/sec in raw speed which fluctuates between 825Mhashes/sec to 650Mhashes/sec average speed on the account pages. As I understand this is figured is based upon the successful submissions of shares. Based on this average speed my pool % is determined, typically around 1.25%. So far I've participated in the finding of one block, a reward of ~0.24 BTC, I would have expected that 1.25% of the pool would be around 0.625 BTC. Or is it that although I am providing 1.25% of the pool speed, I may not be providing 1.25% of the pool shares?
The percentage of pool's speed displayed on account page is based on the "luck meter" (the MH/s speed display), which is based on counting your submitted shares per some minutes. It's not very steady value, so real payment is based on exact number of your shares per solved block.
On average those percentages are similar, but "luck meter" is provided as coarse reference only (you may be more lucky in one minute and less lucky in another one), so check stats page for real value after the block will be added there.

Other differnece between hashing speed percentage and shares percentage:
If you join the pool exactly in the middle of a round and get, for example, 10% of pool's speed and this value may be correct. But since you were participating only half the time, your reward share will be only 5% (4.85%, to be precise). So in this case yes, providing 1.25% of pool's speed doesn't equals to providing 1.25% of shares.

Great explanation and if I follow correctly, over say a 24 hour period, the blocks that I fully participate in my reward share % should converge towards my pool speed % ( which again is based on the (un)lucky MH/s meter ).
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