ghash.io is becoming SHOCKINGLY AGGRESSIVE NOW, closing in 45%

[roy7]

It's because GHash does merged mining with NMC, DEV and IXC.

So does bitparking, and has been for ages.

[roy7]

Precisely why at least ten very large shared cexio accounts i know of won't be going anywhere else anytime soon.

All we need is a pool with four coin mergemining, low/null fee and % payout splits.
the only one with all those just happens to be connected to a massive chunk of scary static hashpower.

What's the appeal of merge mining coins other than Namecoin which have almost no resale value at all?

[Paladin69]

it's okay to go over 51% as long as the pool has no bad intentions and uses it to double-spend.  cex.io is making a ton of money.  Why would they chew their own foot off?  Think about it.

If the "unknown" was that high then I would share your concerns.

[NewLiberty]

it's okay to go over 51% as long as the pool has no bad intentions and uses it to double-spend.  cex.io is making a ton of money.  Why would they chew their own foot off?  Think about it.

If the "unknown" was that high then I would share your concerns.

You are considering only the intent of cex.io (and I agree with that, great folks).  But...
Consider also the intent of those that might be able to exert coercion upon them.

It protects the pool owner to keep a smaller pool as they are less of a target.  No one likes getting a ransom call.

[Paladin69]

it's okay to go over 51% as long as the pool has no bad intentions and uses it to double-spend.  cex.io is making a ton of money.  Why would they chew their own foot off?  Think about it.

If the "unknown" was that high then I would share your concerns.

You are considering only the intent of cex.io (and I agree with that, great folks).  But...
Consider also the intent of those that might be able to exert coercion upon them.

In our fast paced world of social media that would be known about almost instantly and miners would switch away.

It is also pretty easy to exclude an abuser as Gavin once blogged about.

People worry too much.

[alexrossi]

Dat luck

[lightfoot]

This is something I have been wondering: Does a big pool have an advantage in luck over a smaller one. Reason being I switched about a terrahash from Eliguis to Eclipse and the luck on eclipse has been bad. Right now it's back to back 1 day periods since a block was found.

Does a large pool have a skewed chance of finding the next block over a little pool or an individual with a CPU due to having more local info about the last block generated (ie: they made it)?

If not I'll stick with a smaller pool because variance should even out. If so then I'm being a "chump".

[klondike_bar]

This is something I have been wondering: Does a big pool have an advantage in luck over a smaller one. Reason being I switched about a terrahash from Eliguis to Eclipse and the luck on eclipse has been bad. Right now it's back to back 1 day periods since a block was found.

Does a large pool have a skewed chance of finding the next block over a little pool or an individual with a CPU due to having more local info about the last block generated (ie: they made it)?

If not I'll stick with a smaller pool because variance should even out. If so then I'm being a "chump".

its all about variance. If you took a 2-month sample all pools should be about equal payouts, but the big pools give small rewards very frequently.

you make a good point though, and yes there would be a very slight headstart given to a pool that found a block. Its not much, but it may add 1% to the long-term payout

[NewLiberty]

it's okay to go over 51% as long as the pool has no bad intentions and uses it to double-spend.  cex.io is making a ton of money.  Why would they chew their own foot off?  Think about it.

If the "unknown" was that high then I would share your concerns.

You are considering only the intent of cex.io (and I agree with that, great folks).  But...
Consider also the intent of those that might be able to exert coercion upon them.

In our fast paced world of social media that would be known about almost instantly and miners would switch away.

It is also pretty easy to exclude an abuser as Gavin once blogged about.

People worry too much.

Perhaps, and perhaps not.  There are quite a few things about which social media is entirely unaware even after years of attempting to discover.
Either way, you have missed the point.
In order to reduce the pool owners security and safety requirements, it is in both our and their best interests not to approach a large percentage.

[fredsbend]

This is something I have been wondering: Does a big pool have an advantage in luck over a smaller one. Reason being I switched about a terrahash from Eliguis to Eclipse and the luck on eclipse has been bad. Right now it's back to back 1 day periods since a block was found.

Does a large pool have a skewed chance of finding the next block over a little pool or an individual with a CPU due to having more local info about the last block generated (ie: they made it)?

If not I'll stick with a smaller pool because variance should even out. If so then I'm being a "chump".

its all about variance. If you took a 2-month sample all pools should be about equal payouts, but the big pools give small rewards very frequently.

you make a good point though, and yes there would be a very slight headstart given to a pool that found a block. Its not much, but it may add 1% to the long-term payout

I mine on Slush, which has about 4% of the total hash. In the last two weeks, the pool has gotten about 5 or 6 blocks on average per day. There are 144 blocks given in a 24 hour period. 144 * .04 = 5.76. Sounds about right to me.

But to verify your variance point. One day we got 11 blocks. Two days after that we got only 2.

[xingqiaoyin]

They seem to be mining orphans...
Anyone know what's up ?

[irrational]

They seem to be mining orphans...
Anyone know what's up ?

Orphans to whom? Clearly they don't think they're orphans 

Bwahahahahaha

[lightfoot]

you make a good point though, and yes there would be a very slight headstart given to a pool that found a block. Its not much, but it may add 1% to the long-term payout

Ok, I'll think about that a bit more. Hm.

I mine on Slush, which has about 4% of the total hash. In the last two weeks, the pool has gotten about 5 or 6 blocks on average per day. There are 144 blocks given in a 24 hour period. 144 * .04 = 5.76. Sounds about right to me.

But to verify your variance point. One day we got 11 blocks. Two days after that we got only 2.

Indeed. Right now I'm in just a suck pile of luck I guess, or it's a self selecting thing (if blocks drop quickly you don't notice but when a block goes long you see it for longer). We're on block 3 of the "this is taking fucking forever" but I'll give it another week before deciding that I wasted a few weeks. Which is a fallacy of course but damn it is seductive thinking.

C

[x3maniac]

Has anyone checked out DirectPool yet? https://bitcointalk.org/index.php?topic=472122.0

[wpgdeez]

I'm giving them a chance because if I am going to come close to ROI on my ants I need as little variance as possible. Ive been on the guild for a year using PPLNS, paying high fees and the moment I go to us PPS they drop it. I'm sure if a lucky streak returns they will re add it since it is profitable for the Admin and Profits are what matters ... business business business

[eleuthria]

I'm giving them a chance because if I am going to come close to ROI on my ants I need as little variance as possible. Ive been on the guild for a year using PPLNS, paying high fees and the moment I go to us PPS they drop it. I'm sure if a lucky streak returns they will re add it since it is profitable for the Admin and Profits are what matters ... business business business

Variance swings both ways, and ends up dead even in the long run.  That's the only reason PPS was kept as long as it was on BTC Guild, when it's been under consideration for removal for the better part of a year.

[lightfoot]

I'm giving them a chance because if I am going to come close to ROI on my ants I need as little variance as possible. Ive been on the guild for a year using PPLNS, paying high fees and the moment I go to us PPS they drop it. I'm sure if a lucky streak returns they will re add it since it is profitable for the Admin and Profits are what matters ... business business business

Variance swings both ways, and ends up dead even in the long run.  That's the only reason PPS was kept as long as it was on BTC Guild, when it's been under consideration for removal for the better part of a year.

It may end up even from a "finding blocks" point of view, but doesn't it degrade along with difficulty? IE: If I have bad luck now and good luck later they will balance out in the number of blocks found. However due to difficulty, bad luck now costs me more in absolute bitcoin than later, eventually no amount of luck will make me whole.

Or am I missing something?

[roy7]

It may end up even from a "finding blocks" point of view, but doesn't it degrade along with difficulty? IE: If I have bad luck now and good luck later they will balance out in the number of blocks found. However due to difficulty, bad luck now costs me more in absolute bitcoin than later, eventually no amount of luck will make me whole.

Or am I missing something?

You are right, but the reverse is also true. Good luck now rewards you more than the bad luck later will cost you after a diff change. You can't know in advance if you'll have good or bad luck, and the odds of either are the same.

[Groc]

i wish I switched earlier. Im clearing double at ghash. Makes me think something fishy is going on at guild. plus ghash has 0% fee.

Posted From bitcointalk.org Android App

[markthemarker]

hello,

i have a question that might seem stupid?

i see on this web some people selling 1gh for 0.0130BTC / Hash. If I have 200GH, I make 448USD per month.~ (0.71 BTC / month)

Now, if I sell 200GH @ 0.0130BTC = 2.6BTC (per day?)

How can this be profitable for people "regular mining"? (or purchasing my GHs)

thank you