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

[eleuthria]

WOOO WE HIT THE 200Ghash MARK! WOOO

Yep and since that happened ..

27.04.2011 15:09:58   2h 01m    343371   
27.04.2011 13:08:43   1h 14m    210267   
27.04.2011 11:54:21   1h 51m    309034   
27.04.2011 10:03:08   1h 15m

I'm going PPS

It's all my fault.  I finished building a status page I could load on my iPhone which shows me how long my machines have been running, pulls the latest market depth to get an accurate $ value for the work, an estimate of the electricity cost per machine, and then computes average profit per computer/daily profit.  Put the system online last night and reset my stats on Deepbit.  Since then the pool's luck has dived.  I'm sorry, I swear my intentions were pure!

[1713530947]

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[TheShoura]

So I'm only mining on a small GPU, 50khash/s, part time... Would one payment mode be more beneficial over the other?

PPS.  But at 50khash/s it would take you about five and half years to earn your first bitcoin.  Of course, it's far worse than that because the difficulty increases about every 2 weeks, so, really, you'll probably never earn a bitcoin.  I'd use that GPU for something else if I were you.

But working on a proprotional payout, I've gotten 0.01954144 BTC after about an hour or so of work.... 5 years? You can't be serious...

[Fiyasko]

link=topic=3889.msg97110#msg97110 date=1303927180]

So I'm only mining on a small GPU, 50khash/s, part time... Would one payment mode be more beneficial over the other?

PPS.  But at 50khash/s it would take you about five and half years to earn your first bitcoin.  Of course, it's far worse than that because the difficulty increases about every 2 weeks, so, really, you'll probably never earn a bitcoin.  I'd use that GPU for something else if I were you.

But working on a proprotional payout, I've gotten 0.01954144 BTC after about an hour or so of work.... 5 years? You can't be serious...
[/quote]


27.04.2011 07:09:58 2h 01m  343371 0.06045356 
27.04.2011 05:08:43 1h 14m  210267 0.06366192 
27.04.2011 03:54:21 1h 51m  309034 0.05791110 
27.04.2011 02:03:08 1h 15m  207364 0.06104483 
27.04.2011 00:48:00 0h 15m  42605 0.04439620

Thats what im getting with Proportional @ 250Mhashes, Wouldnt what your saying mean that if i switch to PPS i'll loose out?[quote author=TheShoura

[[Tycho]]

27.04.2011 15:09:58   2h 01m    343371   
27.04.2011 13:08:43   1h 14m    210267   
27.04.2011 11:54:21   1h 51m    309034   
27.04.2011 10:03:08   1h 15m

I'm going PPS :D

Good :)
But you should remember that each block's lenght doesn't depends on the previous ones :)

[TheShoura]

okay so I switched to a Cuda miner and it boosted to 60khash/s.... but I still don't understand how PPS versus proportional works... is there a wiki detailing this? I wanna find out which is better for BTC production!

edit: i keep seeing this, what does it mean:

[proudhon]

okay so I switched to a Cuda miner and it boosted to 60khash/s.... but I still don't understand how PPS versus proportional works... is there a wiki detailing this? I wanna find out which is better for BTC production!

edit: i keep seeing this, what does it mean:

Just a little FYI, you're pulling 60,000 khash/s (also referred to as 60Mhash/s) not 60 khash/s.  At 60,000 khash/s you'll do ~0.6BTC per day.

[TheShoura]

....fail, I should have said 60Mhash/s


anyone know what the whole "found hash!" thing that keeps poping in my CMD window is? I only started seeing it when I swithched to Cuda based RPC miner from poclbm

[[Tycho]]

okay so I switched to a Cuda miner and it boosted to 60khash/s.... but I still don't understand how PPS versus proportional works... is there a wiki detailing this? I wanna find out which is better for BTC production!

It's on the main page.
I'll add the description on the registration page too...

anyone know what the whole "found hash!" thing that keeps poping in my CMD window is? I only started seeing it when I swithched to Cuda based RPC miner from poclbm

It means that you found a share. poclbm says "accepted" in this case.

[TheShoura]

okay so I switched to a Cuda miner and it boosted to 60khash/s.... but I still don't understand how PPS versus proportional works... is there a wiki detailing this? I wanna find out which is better for BTC production!

It's on the main page.
I'll add the description on the registration page too...

anyone know what the whole "found hash!" thing that keeps poping in my CMD window is? I only started seeing it when I swithched to Cuda based RPC miner from poclbm

It means that you found a share. poclbm says "accepted" in this case.

Ah okay thank you. Answered both of my questions!

So with proportional, I find a 50BTC block, i get paid ~40 something less a fee? How did I get 0.01 over the span of 1 hour then?

with pay per share, its pretty cut and dry. I just don't understand how proportion is working

[[Tycho]]

So with proportional, I find a 50BTC block, i get paid ~40 something less a fee? How did I get 0.01 over the span of 1 hour then?
with pay per share, its pretty cut and dry. I just don't understand how proportion is working

When pool finds a block, it's divided propotionally to all the participants.

[TheShoura]

So with proportional, I find a 50BTC block, i get paid ~40 something less a fee? How did I get 0.01 over the span of 1 hour then?
with pay per share, its pretty cut and dry. I just don't understand how proportion is working

When pool finds a block, it's divided propotionally to all the participants.

Hmm... this seems like it would be more worth while since getting paid per share is kinda... low.. also my slow GPU isn't really doing shares all that fast heh

[[Tycho]]

Hmm... this seems like it would be more worth while since getting paid per share is kinda... low.. also my slow GPU isn't really doing shares all that fast heh

On average Proportional will give you 7% more than PPS. But it depends on pool's luck.
At this moment the luck is lower than usual, so you'll get more with PPS.

In both modes your reward depends partially or fully on the number of shares submitted.

[TheShoura]

Hmm... this seems like it would be more worth while since getting paid per share is kinda... low.. also my slow GPU isn't really doing shares all that fast heh

On average Proportional will give you 7% more than PPS. But it depends on pool's luck.
At this moment the luck is lower than usual, so you'll get more with PPS.

Ah okay that makes sense, luck. I was looking for some kind of formula LOL

I might say on PPS for a day, switch to proportional next and see how it goes? I think Proportional would be best tho since its based on divided work.

Also; how would this work... if I wanna pause mining, say to sleep (cus I cant sleep with rig in its current state, using backup, noisy card) or to play a game..... do I just close the mining window and re-open when I'm ready? does this hurt anything per-se? I know its going to stop production, but does it discard whatever I'm working on, or save it to continue later?

[[Tycho]]

Ah okay that makes sense, luck. I was looking for some kind of formula LOL

I might say on PPS for a day, switch to proportional next and see how it goes? I think Proportional would be best tho since its based on divided work.

This won't work since luck is different in each moment :)

Formula for PPS: your shares * (45 BTC / current difficulty)
At this moment: 0.00048728937632327 BTC per share

Formula for each block in Proportional: 48.5 BTC * (your shares / total shares of this block)

Also; how would this work... if I wanna pause mining, say to sleep (cus I cant sleep with rig in its current state, using backup, noisy card) or to play a game..... do I just close the mining window and re-open when I'm ready? does this hurt anything per-se? I know its going to stop production, but does it discard whatever I'm working on, or save it to continue later?

Mining process is almost stateless, there is nothing to discard.

[phenom]

Tycho,

Have you seen the new phoenix miner? Any suggested settings for that for your pool please?

It's boosted my MH/s by a lot but I've noticed the stale rate has risen quite a bit 

[[Tycho]]

Have you seen the new phoenix miner? Any suggested settings for that for your pool please?

Yes, I tried it, didn't worked well on my system. But some people report good results.
It supports long polling, so you don't need any special settings unles you are getting warnings about running idle.

It's boosted my MH/s by a lot but I've noticed the stale rate has risen quite a bit  :-\

I know the cause of stale share increase, it shouldn't affect your results.
Try the new version of phoenix, this bug may be fixed already.

[reflex99]

I'm not sure if you saw it already or not, but I complied a guide over on overclock.net

http://www.overclock.net/other-software/1001123-earn-your-gpu-bitcoin-mining-guide.html

Should give you a nice bump in Gh/s, seeing how fanatical everyone over there seems to be about it.

In the second post I recommend your pool (since it is pretty much the only pool)

Just thought you might like to know.


-reflex

[TheShoura]

I'm not sure if you saw it already or not, but I complied a guide over on overclock.net

http://www.overclock.net/other-software/1001123-earn-your-gpu-bitcoin-mining-guide.html

Should give you a nice bump in Gh/s, seeing how fanatical everyone over there seems to be about it.

In the second post I recommend your pool (since it is pretty much the only pool)

Just thought you might like to know.


-reflex

Saw the guide there and that's what got me started

I'm contemplating building a mining rig right now with some extra cash... 3-4 5870's on a cheap cpu can be had for about a grand

[JoeTheTech]

Hello all,
I am not much on posting in forums but thought it was time to say thank you to Tycho for the work and dedication put into Deepbit.net. I also would like to say thanks to all the members that have contributed to this and other threads on this forum. Many of you have been a great help in understanding how this all works.

I started mining solo in mid 2010 with CPUs only. Success was very rare but my interest was captured. I recently purchased a used 5870 from eBay which is turning out to be a good investment. My full time mining rig is an old MSI motherboard with a Q6600 CPU, overclocked 5870, 850 watt power supply, 2 gig ram. Other than the video card and power supply the system is over 4 years old (my old gaming rig reborn). It is sitting in the server room I admin over and working very smoothly.

I have a few bills to pay but plan on investing in another GPU very soon.

If your looking for a pool to join I would say Deepbit.net is the place to be.

Have a great day.

[Kick]

Hello all,
I am not much on posting in forums but thought it was time to say thank you to Tycho for the work and dedication put into Deepbit.net. I also would like to say thanks to all the members that have contributed to this and other threads on this forum. Many of you have been a great help in understanding how this all works.

I started mining solo in mid 2010 with CPUs only. Success was very rare but my interest was captured. I recently purchased a used 5870 from eBay which is turning out to be a good investment. My full time mining rig is an old MSI motherboard with a Q6600 CPU, overclocked 5870, 850 watt power supply, 2 gig ram. Other than the video card and power supply the system is over 4 years old (my old gaming rig reborn). It is sitting in the server room I admin over and working very smoothly.

I have a few bills to pay but plan on investing in another GPU very soon.

If your looking for a pool to join I would say Deepbit.net is the place to be.

Have a great day.

Most definitely.