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Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1454370 times)
bitcoineater
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April 21, 2011, 05:11:39 AM
 #861

i dont see a spot for showing hashes, so Im not sure. It says it is mining, but no other information. Where would I look?

If you are feeling generous: 1BxMNhihLwut51xD3Lz4ApBQr9WxXVF6iT
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April 21, 2011, 05:38:18 AM
 #862

i dont see a spot for showing hashes, so Im not sure. It says it is mining, but no other information. Where would I look?

Summary Page or bottom left of the window.

new_in_this
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April 21, 2011, 12:39:41 PM
 #863

I think my career as BTC miner is over (rewards have been really low for few days and i don't see point continuing) It's been fun while it lasted, thank you all Smiley
proudhon
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April 21, 2011, 12:41:59 PM
 #864

@Tycho, if I switch from PP to PPS, when does that change take effect?
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April 21, 2011, 01:04:45 PM
 #865

@Tycho, if I switch from PP to PPS, when does that change take effect?

I'm not Tycho, but it should be instant

[Tycho]
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April 21, 2011, 01:17:35 PM
 #866

I think my career as BTC miner is over (rewards have been really low for few days and i don't see point continuing) It's been fun while it lasted, thank you all :)
It's just some unlucky days. Considering the almost doubled bitcoin price now you are earning even more than last week :)

@Tycho, if I switch from PP to PPS, when does that change take effect?
Immediately.

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.
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April 21, 2011, 02:54:14 PM
 #867

Considering the almost doubled bitcoin price now you are earning even more than last week Smiley

Thanks, didn't think of it that way. My electric bill for last month was ~170$ and i was thinking that there is no way for me to compensate it while having fun on mining BTC.

edit: my avarega shares are 12.7% worse atm :/
bitcoineater
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April 21, 2011, 05:08:06 PM
 #868

i dont see a spot for showing hashes, so Im not sure. It says it is mining, but no other information. Where would I look?

Summary Page or bottom left of the window.
Thank you. I have solved the problem, turns out i needed different drivers. I am now producing  70Mhash/s, it is also showing shares

 I am confused about your payment model though. what is the difference between proportional and pay per share?

If you are feeling generous: 1BxMNhihLwut51xD3Lz4ApBQr9WxXVF6iT
[Tycho]
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April 21, 2011, 05:30:11 PM
 #869

I am confused about your payment model though. what is the difference between proportional and pay per share?
With PPS your income is guaranted and stable, but 10% lower than average expectation.
With Proportional the fee is only 3%, but your reward depends on pool luck and may be ~15% higher or lower than expected.

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.
nster
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April 21, 2011, 05:52:11 PM
 #870

I am confused about your payment model though. what is the difference between proportional and pay per share?
With PPS your income is guaranted and stable, but 10% lower than average expectation.
With Proportional the fee is only 3%, but your reward depends on pool luck and may be ~15% higher or lower than expected.

Example: this difficulty, we are -13% so far, add + 3% fee and we are at ~16% lower than expected. Last time, we were about 16~17% better, so total after fee was 13~14% better than expected from solo (if difficulty doesn't change)

PPS is -10%, but its constant. In the long run, this optional will net you -7% compared to proportional

167q1CHgVjzLCwQwQvJ3tRMUCrjfqvSznd Donations are welcome Smiley Please be kind if I helped
proudhon
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April 21, 2011, 06:03:05 PM
 #871

I am confused about your payment model though. what is the difference between proportional and pay per share?
With PPS your income is guaranted and stable, but 10% lower than average expectation.
With Proportional the fee is only 3%, but your reward depends on pool luck and may be ~15% higher or lower than expected.

Am I doing this right?  So, to see what I would have earned had I always been on the PPS system I should take my number of shares and multiply that number by ~ 0.00048.  For example:



So, if I had always been on PPS during the period that I processed 10198 shares I would have earned 4.89BTC.  Is that right?  Am I missing something?

[Tycho]
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April 21, 2011, 06:18:52 PM
 #872

Am I doing this right?  So, to see what I would have earned had I always been on the PPS system I should take my number of shares and multiply that number by ~ 0.00048.  For example:
So, if I had always been on PPS during the period that I processed 10198 shares I would have earned 4.89BTC.  Is that right?  Am I missing something?
Yes, should be 4.96937705974470746 BTC (rounded to 8 digits after dot).

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.
proudhon
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April 21, 2011, 06:21:49 PM
 #873

Am I doing this right?  So, to see what I would have earned had I always been on the PPS system I should take my number of shares and multiply that number by ~ 0.00048.  For example:
So, if I had always been on PPS during the period that I processed 10198 shares I would have earned 4.89BTC.  Is that right?  Am I missing something?
Yes, should be 4.96937705974470746 BTC (rounded to 8 digits after dot).

Ok, thanks.  Just wanted to make sure I was doing that correctly.
Grimzer
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April 21, 2011, 10:03:27 PM
 #874

Hey Tycho, love the site!

Just have a quick question, is it possible to have the payout based on a set amount of time (eg. payout every 24 hours) instead of having it reach a certain account balance? If not, do you think it would be possible to add it as an option?
VastLite
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April 21, 2011, 10:24:02 PM
 #875

I'm not Tycho either, but: If you set your payout threshold to say, 3BTC, and it auto-pays you, it will auto-pay you again in 24 hours if you have 3BTC on deepbit. If not, it will auto-pay you as soon as you reach 3BTC and the 24-hour cycle begins again. This is from my experience, so if anyone can add more info, or if my information needs correcting, feel free.
[Tycho]
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April 21, 2011, 10:40:43 PM
 #876

Hey Tycho, love the site!
Just have a quick question, is it possible to have the payout based on a set amount of time (eg. payout every 24 hours) instead of having it reach a certain account balance? If not, do you think it would be possible to add it as an option?
Thanks.

If you set your threshold to a low value (less than your daily reward), for example - 0.01 BTC, then you will receive autopayment every 24 hours.

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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April 21, 2011, 10:49:57 PM
 #877

For CPU miners:

Ufasoft's CPU miner v0.7 now supports long polling protocol, you may want to update:
http://bitcointalk.org/index.php?topic=3486.0

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.
Grimzer
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April 22, 2011, 02:19:19 AM
 #878

Hey Tycho, love the site!
Just have a quick question, is it possible to have the payout based on a set amount of time (eg. payout every 24 hours) instead of having it reach a certain account balance? If not, do you think it would be possible to add it as an option?
Thanks.

If you set your threshold to a low value (less than your daily reward), for example - 0.01 BTC, then you will receive autopayment every 24 hours.

Ah thank you, that's perfect.
new_in_this
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April 22, 2011, 02:49:12 AM
 #879

Why is my average shares per block percentage getting worse and worse? Does it mean that my GPU is getting "out dated" and i need to buy better Shocked
[Tycho]
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April 22, 2011, 02:54:24 AM
 #880

Why is my average shares per block percentage getting worse and worse? Does it mean that my GPU is getting "out dated" and i need to buy better :o
It's not yours shares per block, it's global pool stat.
You don't need to worry about this, it eventually goes up and down.

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.
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