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Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1601094 times)
VTCarter
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May 15, 2011, 03:05:11 AM
 #1481

i actually registstered in order to make a compliment to Tycho.. so here is it menn.. compliments to you for your class act!

I'd say the man deserves for us to buy him a beer but wait we already are buying him beers... Good man Tycho, well handled !
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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new_in_this
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May 15, 2011, 03:08:07 AM
 #1482

Just asking:

I'm going AFK for ~12hours in 15minutes, should i leave miner on, or is it "useless" till i set my address?
VTCarter
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May 15, 2011, 03:09:24 AM
 #1483

Just asking:

I'm going AFK for ~12hours in 15minutes, should i leave miner on, or is it "useless" till i set my address?

leave it running, once Tychos done you can set forwarding and all, Welcome to the pool!
[Tycho]
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May 15, 2011, 03:14:46 AM
 #1484

Just asking:
I'm going AFK for ~12hours in 15minutes, should i leave miner on, or is it "useless" till i set my address?
You can leave it on.
You'll need to set your address only for withdrawing BTCs.

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.
Syke
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May 15, 2011, 03:18:00 AM
 #1485

it's 7% iirc
deepbit.net, 8695 mhps = 50 coins/day
http://www.alloscomp.com/bitcoin/calculator.php
8695 mhps = 21 hours, 31 minutes = 55.77 coins/day
deepbit.net fee ~11%.
Should be 10%
calculator, 7825 mhps = 24 hrs/block
deepbit.net, 7825 mhps = 45 coins per day

50 * .9 = 45

Ok, if you look at it that way, it is 10%.

So how about reducing the fee, say, to 5%?

Buy & Hold
Herodes
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May 15, 2011, 03:20:31 AM
 #1486

I'd say this case is very well handled by Tycho.

A typical malicious hacker attack could be like this:

Someone snoops around the forums, or use other sources, then find the e-mail address to likely deepbit users, and then run dictionary and/or brute force attacks the password.

This could be prevented by implementing a feature that will make the site deny access for say 30mins if you enter the wrong password 3 times. Then if you do it again after those 30 mins are up, your account will be disabled for the time being, and you'll recieve an e-mail with instructions for how to activate it again. Another solution could be to use a capthca system to verify user is human and not a brute force cracking bot, but it all boils down to how strict security you should have vs. how userfriendly it is. If it is too cumbersome to use the site, this might prevent some users from actually using it. Yet an alternative way could be to insert a delay for payout and send a warning to account holder if payout bitcoin address has been changed from another ip than the one the user usually uses. This feature is something that should be possible to toggle, perhaps with a 24 hr delay.

Security is important, but so is also useability. Good password should include both numbers and letters, and also special chars like "_", "&" and so on. The longer and more complicated the password is, the harder it is to crack it. Avoid passwords that have dictionary words in them.

Also it is not recommended to share your password with anyone.

Regards, happy deepbit miner. Smiley
jrmithdobbs
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May 15, 2011, 03:25:07 AM
 #1487

If you're going to require emails to be sent can you please fix your code to recognize the emalis you have stored with + in them instead just getting "Mail_sending_failed"? I can't get my funds out. Not cool man.

At least I assume this is the problem since you don't display the + anywhere you display the email and strip it out of my miner logins.

Edit: Oh, I see it's not implemented yet according to the last page. Can you make sure emails with + in them will work please? I have a bad feeling the wont given the state of your other code.
[Tycho]
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May 15, 2011, 03:29:41 AM
 #1488

Ok, if you look at it that way, it is 10%.
So how about reducing the fee, say, to 5%?
My share price for PPS is calculated as 45 / current_difficulty - that's why it should be 10%
Sorry, but 5% is impossible. That will be a net loss for me.

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.
VTCarter
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May 15, 2011, 03:30:30 AM
 #1489

If you're going to require emails to be sent can you please fix your code to recognize the emalis you have stored with + in them instead just getting "Mail_sending_failed"? I can't get my funds out. Not cool man.

At least I assume this is the problem since you don't display the + anywhere you display the email and strip it out of my miner logins.

I don't believe the email system is up just yet , give it a bit, when it's ready there will be instructions on it.
[Tycho]
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May 15, 2011, 03:32:51 AM
 #1490

If you're going to require emails to be sent can you please fix your code to recognize the emalis you have stored with + in them instead just getting "Mail_sending_failed"? I can't get my funds out. Not cool man.
At least I assume this is the problem since you don't display the + anywhere you display the email and strip it out of my miner logins.
Edit: Oh, I see it's not implemented yet according to the last page. Can you make sure emails with + in them will work please? I have a bad feeling the wont given the state of your other code.
Yes, the plus sign is stripped from login names. I tried to enable it, but that caused problems for existing users.
Don't worry about your funds, I will provide a way even for those with invalid e-mails.

Will your mailserver receive a message with "+" stripped from address ?

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.
d3athrow
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May 15, 2011, 03:48:07 AM
 #1491

Ok, if you look at it that way, it is 10%.
So how about reducing the fee, say, to 5%?
My share price for PPS is calculated as 45 / current_difficulty - that's why it should be 10%
Sorry, but 5% is impossible. That will be a net loss for me.
why not do 7% then?
VTCarter
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May 15, 2011, 03:51:17 AM
 #1492

Ok, if you look at it that way, it is 10%.
So how about reducing the fee, say, to 5%?
My share price for PPS is calculated as 45 / current_difficulty - that's why it should be 10%
Sorry, but 5% is impossible. That will be a net loss for me.
why not do 7% then?

Auctioneers voice
"7.5.. do I hear 7.5?
7.25 from the lady in the back....
8.. 8 any takers on 8...."

LOL you goof
VTCarter
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May 15, 2011, 04:01:46 AM
 #1493

worked like a charm Tycho, Good show!
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May 15, 2011, 04:08:12 AM
 #1494

Ok, if you look at it that way, it is 10%.
So how about reducing the fee, say, to 5%?
My share price for PPS is calculated as 45 / current_difficulty - that's why it should be 10%
Sorry, but 5% is impossible. That will be a net loss for me.
why not do 7% then?


lol always asking for more.

how selfish can a person be.

error
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May 15, 2011, 04:10:07 AM
 #1495

Hey, if you don't like the fees, switch to proportional or mine solo. Problem solved.

3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
TurdHurdur
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May 15, 2011, 04:13:42 AM
 #1496

I'm not getting the email, I assume it's ignoring the + sign.
jasonk
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May 15, 2011, 04:26:31 AM
 #1497

Just logged into my account and saw this message:

"Bitcoin addresses of all users were removed by me in order to implement new system for enhanced security.

I found that someone changed bitcoin addresses of some users. I'm not sure how the attacker got passwords, but now you'll have to use e-mail confirmation for changing your wallet address. I'm very sorry that I haven't implemented this feature earlier, so your stolen bitcoins will be reimbursed if you are the victim. (Please note: I can't garantee that I can do such reimbursment in the future).

Your money is safe. Please, set your bitcoin address again and look for confirmation e-mail from pool."


So does this mean that everyone needs to confirm there bitcoin address and do the email confirmation thing?

Or is the address saved in the system?
Miner-TE
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May 15, 2011, 04:27:25 AM
 #1498

Just set my btc address, received the email, validated and received an instant payout.

Working great.

BTC - 1PeMMYGn7xbZjUYeaWe9ct1VV6szLS1vkD - LTC - LbtcJRJJQQBjZuHr6Wm7vtB9RnnWtRNYpq
Veldy
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May 15, 2011, 04:29:11 AM
 #1499

The shorter the rounds (the higher the pool hash rate), the lower the hash rate threshold where you will make more using PPS than Proportional.
The profit doesn't depends on round length at all.

Sure it does.  If a low hash rate worker can create only a few shares during a given round, then that means the last share worked on in any given round will likely be discarded due to long polling or be stale when submitted and that last share is proportionately a larger amount of their worker work output.  When rounds get short enough on average that a worker can't create many shares in a round, then a significant percentage of a worker's total work [on average] will be wasted when a round ends.  With faster hash rates, the amount of work lost to working on a stale share [which LP helps reduce] will be much smaller as a total percentage of all the worker's work.  Essentially, it is because a share is a quantum amount of work [you don't get paid for 0.5 shares ... there is no such thing and no way to submit it anyway when the round ends].  It is clear that for PPS to pay better over time, the difference would have to be close to 7% [difference between proportional fees and PPS fees].   That would probably have to be a pretty low hash rate per worker, but as difficulty increases, the number of shares accepted will decrease and this will drive up the threshold.

A scenario that can be easily tested is to run many CPU miners in parallel and such that their cumulative hash rate is the same as a single solid GPU worker.  See which one gets paid more using proportional.  In a large pool, it will be a notable difference.

If it were possible to submit partial shares when a round ends and not have them be invalid, then the quantum effect would not occur.

A simple example.  Suppose that a nice slow worker averages 5 shares during an average round.  It should be clear that when a round end, the worker is working on the sixth share on average and never gets paid for that work.  So, that would be on average approximately a 10% loss (average share loss would be half a share with long polling working perfectly) and 0.5 / 5 shares accepted is 10%.  Clearly, if a miner on average produces several thousand shares in a given round, then the effect is negligible.

To me, that says, low hash rate workers [even if one has dozens of them running parallel] will do better with PPS or using a smaller pool.  Like I said, I am not sure what that quantum threshold [my name for it] is, but it should be relatively easy to calculate by the people running their workers [they know that their hash rate is fairly constant per miner and then it is simply a matter of math based on the average number of shares submitted versus the average round length, which is a function of pool hash rate over time].

I am sure this could be explained more easily by somebody less wordy than myself, but I tried anyway.

If you have found my post helpful, please donate what you feel it is worth: 18vaZ4K62WiL6W2Qoj9AE1cerfCHRaUW4x
jrmithdobbs
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May 15, 2011, 04:29:34 AM
 #1500

If you're going to require emails to be sent can you please fix your code to recognize the emalis you have stored with + in them instead just getting "Mail_sending_failed"? I can't get my funds out. Not cool man.
At least I assume this is the problem since you don't display the + anywhere you display the email and strip it out of my miner logins.
Edit: Oh, I see it's not implemented yet according to the last page. Can you make sure emails with + in them will work please? I have a bad feeling the wont given the state of your other code.
Yes, the plus sign is stripped from login names. I tried to enable it, but that caused problems for existing users.
Don't worry about your funds, I will provide a way even for those with invalid e-mails.

Will your mailserver receive a message with "+" stripped from address ?

I setup an alias so it would, yes.

Just was able to update, so, good show.
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