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

[os2sam]

Actually you CAN go back all the way

As for showing block numbers - technically it's possible, but there is no real purpose for this. All blocks are pretty much the same anyway.

Stats by date only lists 5 dates. I see no other obvious way to browse further back.

Just keep subtracting 86400 off the number for each day.  86400 seconds = 24 hours.
Sam

[1714252036]

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[Technomage]

The recent Linode hack scandal is a sign that we DO need multisignature support for Bitcoin. It would help increase the security of Bitcoin usage to a whole other level. Tycho, the community is waiting for your move.

[slider1978]

The recent Linode hack scandal is a sign that we DO need multisignature support for Bitcoin. It would help increase the security of Bitcoin usage to a whole other level. Tycho, the community is waiting for your move.

I thought we were waiting for April 1st now? And also on this very page Tycho has said "Yes, a notice will be posted. I think that I'll have to implement it in next month..."

[Technomage]

I thought we were waiting for April 1st now? And also on this very page Tycho has said "Yes, a notice will be posted. I think that I'll have to implement it in next month..."

It doesn't work quite like that. The next check for P2SH support is March 15th, at that point the last 1000 blocks need to show at least 55% (550 blocks) support. If there is 55% support, the change will be scheduled for April 1st. Most likely there will be a rolling 2-week window which means that the support will be checked every two weeks. So Tycho would need to add support within days for the March 15th check to go through, otherwise the earliest check to pass is April 1st and then P2SH would be enabled probably 15th of April.

[ddd1]

I'n beginner when it comes to mining and choose mining on deepbit and have couple of questions:

1. I have proportional mining and have 1380Mhash according Guiminer, according http://www.alloscomp.com/bitcoin/calculator.php I should be getting 28bitcoins/month.
But I have now mined 24/7 for a couple of days and according my own calculations I'm about 20bitcoins/month this calculation is confirmed by the deepbit site which says I have 0.65bitcoins last 24h.

What could cause me mining 20bitcoins instead of 28bitcoins with 1380mhash?

2. My understanding is that the proportional mining takes 3% fee, considering deepbit has wery high pool rate my understanding is usually the variance should be low on mined bitcoinst in relation to my mhash, so it should be around 28bitcoins?

3. Besides the 3% fee are there other fee's aswell?

[os2sam]

I'n beginner when it comes to mining and choose mining on deepbit and have couple of questions:

1. I have proportional mining and have 1380Mhash according Guiminer, according http://www.alloscomp.com/bitcoin/calculator.php I should be getting 28bitcoins/month.
But I have now mined 24/7 for a couple of days and according my own calculations I'm about 20bitcoins/month this calculation is confirmed by the deepbit site which says I have 0.65bitcoins last 24h.

What could cause me mining 20bitcoins instead of 28bitcoins with 1380mhash?

2. My understanding is that the proportional mining takes 3% fee, considering deepbit has wery high pool rate my understanding is usually the variance should be low on mined bitcoinst in relation to my mhash, so it should be around 28bitcoins?

3. Besides the 3% fee are there other fee's aswell?

Well, I'm just guessing, but we just had a difficulty increase and the so called "luck" on deepbit has been bad the last couple of days.  I don't know if that would make up your 8 BTC difference or not.

I wouldn't try to extrapolate into the future but rather track an entire difficulty period and see how that measures with your expectation.
Sam

[ddd1]

Well, I'm just guessing, but we just had a difficulty increase and the so called "luck" on deepbit has been bad the last couple of days.  I don't know if that would make up your 8 BTC difference or not.

I wouldn't try to extrapolate into the future but rather track an entire difficulty period and see how that measures with your expectation.
Sam

I'm still new and learning, so I guess there is a luck factor with all pools including deepbit, so this could explain why my average bitcoins/month is 20 instead of 28?
So with neutral luck my 1380mhash should get 28bitcoins/month but couple of bad days of luck it shows as 20bitcoins?

Also my calculations was based on last difficulty (1496978) so that should not explain 20bitcoins vs 28bitcoins

[os2sam]

Well, I'm just guessing, but we just had a difficulty increase and the so called "luck" on deepbit has been bad the last couple of days.  I don't know if that would make up your 8 BTC difference or not.

I wouldn't try to extrapolate into the future but rather track an entire difficulty period and see how that measures with your expectation.
Sam

I'm still new and learning, so I guess there is a luck factor with all pools including deepbit, so this could explain why my average bitcoins/month is 20 instead of 28?
So with neutral luck my 1380mhash should get 28bitcoins/month but couple of bad days of luck it shows as 20bitcoins?

Also my calculations was based on last difficulty (1496978) so that should not explain 20bitcoins vs 28bitcoins

Well your at almost a 30% disparity.  I'm not sure what your calculator is using for the basis, I would assume it is using the difficulty to calculate it.  When the luck figure comes back up on the stats page you may be able to see how your mileage is varying a little better.  But anyway I would say the luck is a partial reason for your difference.  These income calculations are only estimates and you shouldn't count on their accuracy.

I hadn't paid attention to the actual difficulty, it seems that it was a very minor increase if your difficulty of 1496978 is what it was.
Sam

[DeepBit]

How is that private team join code coming along?

I was not sure if someone is interested in that.
Will try to do something.

[DeepBit]

I'n beginner when it comes to mining and choose mining on deepbit and have couple of questions:

1. I have proportional mining and have 1380Mhash according Guiminer, according http://www.alloscomp.com/bitcoin/calculator.php I should be getting 28bitcoins/month.
But I have now mined 24/7 for a couple of days and according my own calculations I'm about 20bitcoins/month this calculation is confirmed by the deepbit site which says I have 0.65bitcoins last 24h.

What could cause me mining 20bitcoins instead of 28bitcoins with 1380mhash?

2. My understanding is that the proportional mining takes 3% fee, considering deepbit has wery high pool rate my understanding is usually the variance should be low on mined bitcoinst in relation to my mhash, so it should be around 28bitcoins?

3. Besides the 3% fee are there other fee's aswell?

1. Yes, our variance is pretty low, but even at this size it can swing to ±30% daily. Usually it averages out in a few days.
For example, during the last 2 weeks our average luck was somewhere about 4% better than expected.
You aren't "mining 20 bitcoins" unless you tried to mine all the month.

2. No, there are no other fees.

[DeepBit]

The recent Linode hack scandal is a sign that we DO need multisignature support for Bitcoin. It would help increase the security of Bitcoin usage to a whole other level. Tycho, the community is waiting for your move.

1. We already have multisignature support in the protocol and in reality. For example, you can create multisignature transactions with blockchain.info's online wallet.
Current "official" client doesn't supports sending multisignature TXes from the GUI.

2. I think that you are talking about P2SH, not multisignatures. Yes, I'm working on it and it's possible that I'll deploy it in next month. I still think that BIP16 is a dirty hack and don't WANT to support it. But it may be necessary to implement because of Gavin.

3. No, the P2SH will not make Linode-like incidents impossible. Not even close.
Yes, it's possible to set up a combination of countermeasures that can make payments more safe, but P2SH won't be that important.
If the system is ready to make automatic payments then anyone with root access can repeat same actions to steal money unless the pool operator manually approves each transaction with his second key.

[rjk]

3. No, the P2SH will not make Linode-like incidents impossible. Not even close.
Yes, it's possible to set up a combination of countermeasures that can make payments more safe, but P2SH won't be that important.
If the system is ready to make automatic payments then anyone with root access can repeat same actions to steal money unless the pool operator manually approves each transaction with his second key.

Or, a second server in another location could approve payments with the second key, after doing sanity checking on transactions beforehand.

[DeepBit]

3. No, the P2SH will not make Linode-like incidents impossible. Not even close.
Yes, it's possible to set up a combination of countermeasures that can make payments more safe, but P2SH won't be that important.
If the system is ready to make automatic payments then anyone with root access can repeat same actions to steal money unless the pool operator manually approves each transaction with his second key.

Or, a second server in another location could approve payments with the second key, after doing sanity checking on transactions beforehand.

Yes, but if you can create a good enough sanity check then you may simply pay from this second server :)

Creating such sanity checks is not easy, BTW.

[Technomage]

1. We already have multisignature support in the protocol and in reality. For example, you can create multisignature transactions with blockchain.info's online wallet.
Current "official" client doesn't supports sending multisignature TXes from the GUI.

I don't know what you're talking about, there is of course a rudimentary multisig support already in the protocol but P2SH will actually make it usable. Currently any multisig transactions are considered non-standard, the benefits of multisig are not really available until P2SH is enabled. What Blockchain.info can do has nothing to do with this and even mentioning it leads me to believe that your understanding of why P2SH is needed might be flawed. Blockchain.info is a 3rd party service, that allows for a different set of features compared to a client that you run on your own.

2. I think that you are talking about P2SH, not multisignatures. Yes, I'm working on it and it's possible that I'll deploy it in next month. I still think that BIP16 is a dirty hack and don't WANT to support it. But it may be necessary to implement because of Gavin.

Again I'm slightly confused as to what you're talking about. P2SH concerns multisignature transactions explicitly so I don't understand why you're separating them. I hope you add support this month, not next month. It's unlikely that support for P2SH is going to increase significantly from where it is now, no matter what anyone says or does. Simply because so many miners are complete sheep. It's your move and I don't know what you're waiting for.

At least consider adding support this month so it has a chance of passing the check April 1st and perhaps be enabled April 15th. Waiting longer doesn't help, what it does is it denies us Bitcoin users of a great feature. The fact that Blockchain.info supports multisig escrow transactions has nothing to do with this and doesn't help at all, that was ridiculous...

[os2sam]

Simply because so many miners are complete sheep. It's your move and I don't know what you're waiting for.

Baaaaaaaaaa, I find your, Baaaaaaaaa, remarks, Baaaaaaaaaaa, insulting. Baaaaaaaaaaaaa.

[ddd1]

I'm trying to figure out if my cards are defective or if something else is wrong on my end.

I have 1.38GH/s and not including variance I should have around 0.93bitcoins/24h.

On deepbit the last 24h has had 31min on average for solved block and I have had 0.71bitcoins/24h.

According my calculations I have 76% vs 100% for no variance for 1.38GH/s.

Is the above normal or is something wrong with my PC?

[ChanceCoats123]

I'm trying to figure out if my cards are defective or if something else is wrong on my end.

I have 1.38GH/s and not including variance I should have around 0.93bitcoins/24h.

On deepbit the last 24h has had 31min on average for solved block and I have had 0.71bitcoins/24h.

According my calculations I have 76% vs 100% for no variance for 1.38GH/s.

Is the above normal or is something wrong with my PC?

I'm having the exact same issue. Right around 1.35ghash/sec and I was at about -20% of the expected BTC payout. I've seen variance on the pool before, but the most I've ever seen on deepbit was +/- .07 btc/24h. Not sure what's up...

[DeepBit]

I'm trying to figure out if my cards are defective or if something else is wrong on my end.
I have 1.38GH/s and not including variance I should have around 0.93bitcoins/24h.
On deepbit the last 24h has had 31min on average for solved block and I have had 0.71bitcoins/24h.
According my calculations I have 76% vs 100% for no variance for 1.38GH/s.
Is the above normal or is something wrong with my PC?

Your question was already answered on the previous page.
Last two days were very unlucky, just in last 24 hours we had one ~11M shares block and 5 * ~5M shares blocks.
Bad luck happens sometimes, it's expected and shouldn't affect overall monthly rewards.

[DeepBit]

1. We already have multisignature support in the protocol and in reality. For example, you can create multisignature transactions with blockchain.info's online wallet.
Current "official" client doesn't supports sending multisignature TXes from the GUI.

I don't know what you're talking about, there is of course a rudimentary multisig support already in the protocol but P2SH will actually make it usable. Currently any multisig transactions are considered non-standard, the benefits of multisig are not really available until P2SH is enabled. What Blockchain.info can do has nothing to do with this and even mentioning it leads me to believe that your understanding of why P2SH is needed might be flawed. Blockchain.info is a 3rd party service, that allows for a different set of features compared to a client that you run on your own.

Current support for multisigs is not "rudimentary", it's fully functional. I know how it works and there are existing multisig TXes in the blockchain. The problem is that "official client" doesn't supports creating ANY multisigs - both plain and P2SH.
P2SH is NOT the same as "multisig support", its just a method that will make many different things easier to use, including multisigs.

I mentioned blockchain.info just as EXAMPLE of working multisigs. You don't need to use this online wallet if your client supports either plain multisigs or P2SH/BIP16.

The benefits of multisigs will not be available right after enabling P2SH just because there are no clients supporting it for normal users. It's just one step towards really deploying it.

P.S.: "next month" is 03.2012

[P4man]

LOL, talk about a streak of bad luck 
I just saw your last 10 blocks averaged a hair under 4M shares per block.

Anyone want to calculate the odds on that?