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

[edric]

Found a block in 22 seconds.. NICE! lol

[1714104925]

1714104925

[JWU42]

Much better nite - "luck" has returned and statistics and probability remain intact 

[os008]

It's always the same on average, as i said earlier.

I've noticed that indeed. In the end if you work on both 24/7 it should even-out sometime to be the same average. In Proportional mode my average fluctuates between 0.16BTC and 0.25BTC per hour (0.202 average). In PPS it's always 0.2 exactly. I'm currently using PPS just because i sometimes lose connection, and when it returns it sends shares during the long sessions in Proportional, which makes my average drop too low.

[paulofisch]

So, for those doing a frogger between Prop. and PPS, another thing to consider is that if the rate of block discovery goes down through difficulty or lack of luck, I'm assuming the price in PPS will surely drop anyway in the long term.

PPS isn't a license to 'beat-the-market', it's there to even-out rewards at a cost of 7% to you, the miner.

In the short term, Tycho is bankrolling PPS when we have a bad run in the pool, but long-term the market demands he reduce the price of PPS unless he has deep bitpockets and a generous soul :-)

EDIT: If a block is taking around 10 mins for the network as a whole, then we're hoovering up around 8.5% of blocks at the moment. Does that compute?

[os008]

PPS is a way for some people who lose too much to Proportional because of not mining 24/7. But also, it brings more profit to Tyco. From what i've seen, and the averages i've calculated, it's exactly the same for Tyco, he doesn't pay anything from his own pocket in the long run. Except that PPS gives him 7% more profit, but more beneficial for some people.

PPS rate is calculated from the current difficulty. So it will be re-adjusted as soon as the new difficulty is set. He does not change it during any given difficulty.

If i'm mistaken, please correct me.

[[Tycho]]

So, for those doing a frogger between Prop. and PPS, another thing to consider is that if the rate of block discovery goes down through difficulty or lack of luck, I'm assuming the price in PPS will surely drop anyway in the long term.

Currently i'm working on something like mode separation and the third reward option which will make Prop-PPS jumpers safe for honest users.

EDIT: So it's someone called "Tyco" who steals all my profit ?

[JWU42]

PPS is a way for some people who lose too much to Proportional because of not mining 24/7. But also, it brings more profit to Tyco. From what i've seen, and the averages i've calculated, it's exactly the same for Tyco, he doesn't pay anything from his own pocket in the long run. Except that PPS gives him 7% more profit, but more beneficial for some people.

PPS rate is calculated from the current difficulty. So it will be re-adjusted as soon as the new difficulty is set. He does not change it during any given difficulty.

If i'm mistaken, please correct me.

With the current estimated new difficulty at 77748 the new PPS should be ~ 0.00057879302361476.

PPS has 10% fee (where proportional is 3%).  So take 45 / 77748 = PPS rate per share.

[os008]

So it's someone called "Tyco" who steals all my profit ?

LOL, sorry man, i wrote it as i pronounced it; forgot there's an "h". Honest mistake .

[nster]

Sorry, I know this is a complete newbie question but, can anyone explain to me what proportional method of payment is?

If I understand correctly, you get paid for every share to find with PPS, and with proportional you get paid the number of shares you contributed to finding a block?

[hazek]

My balance got emptied but I didn't receive anything, is everything ok?

[bitjet]

My balance got emptied but I didn't receive anything, is everything ok?

Can confirm that I received mine at 1:43 am.

[os008]

If I understand correctly, you get paid for every share to find with PPS, and with proportional you get paid the number of shares you contributed to finding a block?

Here you go ...

I just want to make sure i've understood the difference, please ...
Proportional: Reward is based on finding a block. (I think i'm wrong here)
Pay-per-Share: Reward is based on the number of shares submitted, and the price specified on the homepage per share.

Yes, you are right.
Proportional: you get your part of the block when it's found. If you submitted 10000 shares and the block took 20000 to solve, you get half of all the reward.
Pay-per-Share: you get that fixed price for every share instantly, even if block is not found yet.

This does need to be simplified a bit more, e.g.

Proportional: . . .  you get half of all the reward, less three percent, which is commission to the pool operator.
Pay-per-Share: . . . that fixed price is, on average, ten percent less than you would get on a statistical average over the long term.

I think these are fair commissions as they are in line with others.  I mention it here only because if it is not completely clear to everyone, people are going to jump all over you when they finally get a clue and they are going to accuse you of cheating them.  Look at Slush's pool . . . people were asking him pointed questions, as if he were up to no good, at a time he wasn't even charging anything.  Just FYI, the only reason I left Slush's pool is that I was getting a large percentage of invalid/stale responses which may have accounted for a percentage of loss larger than anyone's commission.  That may have been a problem on my end, and not with Slush's pool, but since it has apparently been eliminated, I will stick with your pool for awhile.  My motto:  Put all of your eggs in one basket.  Then watch that basket.

[bitjet]

How accurate are the hash rates on the 'my account' page?

For example, Ihave 2 instances of poclbm running and it says a pretty steady number of 298mhps on both. So just under 600mhps. But the server says Im hitting it with 650mhps. Is this a graphic issue on my end?

[nster]

Here you go ...

Yea that's what I figured, thanks

[hazek]

How accurate are the hash rates on the 'my account' page?

For example, Ihave 2 instances of poclbm running and it says a pretty steady number of 298mhps on both. So just under 600mhps. But the server says Im hitting it with 650mhps. Is this a graphic issue on my end?

I think the server only calculates it for that particular 7min interval you submitted a hash block in.

[nster]

How accurate are the hash rates on the 'my account' page?

For example, Ihave 2 instances of poclbm running and it says a pretty steady number of 298mhps on both. So just under 600mhps. But the server says Im hitting it with 650mhps. Is this a graphic issue on my end?

this goes up and down, at the end, your average will come to your actual Mh/s, but else it varies (ie: I vary between 150 and 350Mh/s but I'm actually mining at 273Mh/s)

It is indeed because of the 7 min thing

[bitjet]

How accurate are the hash rates on the 'my account' page?

For example, Ihave 2 instances of poclbm running and it says a pretty steady number of 298mhps on both. So just under 600mhps. But the server says Im hitting it with 650mhps. Is this a graphic issue on my end?

I think the server only calculates it for that particular 7min interval you submitted a hash block in.

Regardless, my question still stands. It always says my hash rate is higher than what I am seeing on my end.

[nster]

How accurate are the hash rates on the 'my account' page?

For example, Ihave 2 instances of poclbm running and it says a pretty steady number of 298mhps on both. So just under 600mhps. But the server says Im hitting it with 650mhps. Is this a graphic issue on my end?

I think the server only calculates it for that particular 7min interval you submitted a hash block in.

Regardless, my question still stands. It always says my hash rate is higher than what I am seeing on my end.

You will see it be below at some point, you will see

[paulofisch]

Regardless, my question still stands. It always says my hash rate is higher than what I am seeing on my end.

This rate is based on how many shares you submit in a given 7 minute period to the server, rather than your actual reported rate on the client.

Each share is good for about 14.2MH/s. So far you've been quite lucky it seems.

[[Tycho]]

My balance got emptied but I didn't receive anything, is everything ok?

Open your payments list on deepbit site and check if there was a payment. It should be there.