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

[bitcoineater]

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?

[1714093578]

1714093578

[1714093578]

1714093578

[1714093578]

1714093578

[MrGaSp]

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]

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

[proudhon]

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

[MrGaSp]

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

I'm not Tycho, but it should be instant

[[Tycho]]

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.

[new_in_this]

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

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]

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?

[[Tycho]]

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.

[nster]

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

[proudhon]

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]]

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).

[proudhon]

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]

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]

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]]

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.

[[Tycho]]

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

[Grimzer]

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]

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

[[Tycho]]

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.