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Poll
Question: What payout model do you prefer?
Classic shared block payout model - 100 (42%)
Score based payout model - 62 (26.1%)
Pay per share payout model - 76 (31.9%)
Total Voters: 236

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Author Topic: [CLOSED] BTCMine - ZERO fee mining pool (LP, SSL, JSON API, P2SH)  (Read 162922 times)
Apolo29
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June 03, 2011, 07:15:44 PM
 #681

Can anyone answer this with regard to Total Bounty?  Recently switched back to BTCMine over the past 24h and have been watching the stats closely, over the past 2 hours have seen the Total Bounty decrease from 1.1 to .89 BTC.  Total Bounty now displays as less than Total Bounty for 24h.  Have payout set to 1 BTC.

http://otonly.com/x0411/6-3-2011%202-31-50%20PM.jpg

I`m having a similar problem with the Total Bounty is decreasing!
Does that have a solution? what happens?
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goatpig
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June 03, 2011, 08:36:01 PM
 #682

I`m having a similar problem with the Total Bounty is decreasing!
Does that have a solution? what happens?

Same here, is everyone experiencing this?

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June 03, 2011, 10:58:39 PM
 #683

I`m having a similar problem with the Total Bounty is decreasing!
Does that have a solution? what happens?

Same here, is everyone experiencing this?

Thanks to all for report.
Found stats page bug. Already fixed and stats updated soon.
This is not affect payments anyway.

BTCDig - mining pool (Stratum, VarDiff, DGM, SSL, JSON API)
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June 03, 2011, 11:48:07 PM
 #684

My total bouty just increased by 1 BTC on the midle of a round for no aparent reason, i was looking at the gadget trought, it may some issue with the JSON API.

1NEvmZTwLhqBgr3h7LwZap1sEHsyf3QFuv
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June 04, 2011, 12:45:00 AM
 #685

My total bouty just increased by 1 BTC on the midle of a round for no aparent reason, i was looking at the gadget trought, it may some issue with the JSON API.
You miss my post? Smiley

BTCDig - mining pool (Stratum, VarDiff, DGM, SSL, JSON API)
kiwiasian
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June 04, 2011, 12:48:10 AM
 #686

Not very happy with BTCMine. This is my third BTC statistics trial with BTCMine and both times I get higher rewards with deepbit.

Deepbit
5/29 1.55 BTC/24 hr
5/30 1.38 BTC/24 hr
5/31 1.47 BTC/24 hr
6/1 1.44 BTC/24 hr

BTCMine
Previous date do not recall 1.17 BTC/24 hr
6/2 0.98 BTC/24 hr
6/3 0.64 BTC/21 hr

I am not going to mine on your pool again, unless you stop being so greedy with the reward system.

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June 04, 2011, 12:55:54 AM
 #687

lol, not all pools make the same btc in a day...stop being so greedy.

you have to test longer, pool can be unlucky. many factors.
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June 04, 2011, 01:15:32 AM
 #688

I am not going to mine on your pool again, unless you stop being so greedy with the reward system.

You are the fellow who doesn't understand variance, or the benefits of reducing memory frequency. So, I'm going to have to ask you to elaborate on this statement, because it really doesn't make any sense to me, and I do love to learn new things.

How is this pool operator being "greedy with the reward system"?
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June 04, 2011, 01:48:12 AM
 #689

I have been watching the stats since I left [I like BTCMine].  I have to say, it has been a most unlucky pool.   Between some software issues, DDOS, and then terrible luck with block sizes [variance] not to mention losing a long round as invalid ... terrible luck.  If statistically it all balances out, then perhaps an equally great period or a prolonged good period is on the horizon.  As we know, statistics predict the future and do not consider the past, so the odds of a lucky day are no better, because of the previous unlucky days.  It is a nice thought though and it certainly could happen.   Going forward, it should vary in luck like its percentage of the total network hashing power suggests.  I recall quite a run of good days a couple of weeks ago ... was stompin' the other significant pools at the time.

For me, with the variance and the score based system, I have a little trouble.  Sometimes, I want to spend a little time playing a video game.  With a larger pool (relatively shorter rounds) or a simple proportional pool, I can stop, take my losses while I play, and then start up again and know that my partial work for the round paid off.  With a score based pool, if I stop to play a game, say for an hour and the round happens to be 4 hours long already and I finish playing my game and start up my miners to find out that we are 10 minutes into the next round, that last 50 minutes of the previous round pretty much eliminated all of my contribution for the first 4 hours when in fact, I contributed 260/310 = 83% to the round which may have been entirely wiped out due to the exponential growth of the score.  The score is a killer (maybe the constant should be reduced or calculated based on the pool's percentage of total network hash rate?).  Yes, it stops pool hopping to some degree, but it also locks down your activities to a significant degree unless you have a dedicated mining machine(s) [which I have, but my best card for mining happens to be my gaming card].

I wonder if the score based system should be replaced with proportional and probably delayed stats (I am not sure that helps anything or not ... I am not sure much gain can be had by pool jumping these days anyway, but I could be wrong.  Consider it.

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Veldy
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June 04, 2011, 01:54:22 AM
 #690

I am not going to mine on your pool again, unless you stop being so greedy with the reward system.

You are the fellow who doesn't understand variance, or the benefits of reducing memory frequency. So, I'm going to have to ask you to elaborate on this statement, because it really doesn't make any sense to me, and I do love to learn new things.

How is this pool operator being "greedy with the reward system"?


He isn't.  I think the guy is simply accusing the operator of skimming.  That is my take on the statement.  The guy is probably just frustrated and probably doesn't really believe that though.  I know it is frustrating to me when I see long periods on the down side.  You know difficulty jump is imminent and you want to earn as much as possible before then.  Also, one is forced to peak at stats on a regular basis these days due to all the pool attacks, growth stress and what have you.  Peaking at the stats all the time makes things "feel" worse on down days and one tends to forget feeling good on the up days.  Result, some people jump due to variance alone (but that really means that this pool isn't for them at this time anyway).

If you have found my post helpful, please donate what you feel it is worth: 18vaZ4K62WiL6W2Qoj9AE1cerfCHRaUW4x
kiwiasian
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June 04, 2011, 02:53:34 AM
 #691

I am not going to mine on your pool again, unless you stop being so greedy with the reward system.

You are the fellow who doesn't understand variance, or the benefits of reducing memory frequency. So, I'm going to have to ask you to elaborate on this statement, because it really doesn't make any sense to me, and I do love to learn new things.

How is this pool operator being "greedy with the reward system"?


I've mined on Deepbit, slush, BTCMine, and Bitclockers for the past two months. All of these pools have good payouts except BTCMine, even with the 0% fee. I've noticed that BTCMine consistently pays out far less, not only today but the other times I have done trials on that pool as well. If you want my full spreadsheet of BTC/24 hr statistics on each pool, I'll give it to you. It would only make sense if the pool operator was taking OUR money...I highly doubt BTCMine has been this unlucky, right on the days I mine on it.

Also, I have reduced my memory frequency and it had zero effect besides reducing my power bill. Yes, I understand variance, but read above.

And, look at my statistics. There it is, solid proof. You cannot deny factual statistics.

In case you missed that, which you evidently did:

Deepbit
5/29 1.55 BTC/24 hr
5/30 1.38 BTC/24 hr
5/31 1.47 BTC/24 hr
6/1 1.44 BTC/24 hr

BTCMine
Previous date do not recall 1.17 BTC/24 hr
6/2 0.98 BTC/24 hr
6/3 0.64 BTC/21 hr

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Veldy
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June 04, 2011, 03:01:43 AM
 #692

I've mined on Deepbit, slush, BTCMine, and Bitclockers for the past two months. All of these pools have good payouts except BTCMine, even with the 0% fee. I've noticed that BTCMine consistently pays out far less, not only today but the other times I have done trials on that pool as well. If you want my full spreadsheet of BTC/24 hr statistics on each pool, I'll give it to you. It would only make sense if the pool operator was taking OUR money...I highly doubt BTCMine has been this unlucky, right on the days I mine on it.

Also, I have reduced my memory frequency and it had zero effect besides reducing my power bill. Yes, I understand variance, but read above.

One, you haven't given it a long enough trial (mining for a day or two simply is not statistically relevant, sorry).  Two, the last week has been both riddled with bad luck, an influx of new miners [due to deepbit going down], a DDOS attack around the same time as a software upgrade.  I have had great luck with BTCMine in the past and probably will in the future.  It still sounds as if you are accusing the operator of doing something wrong (you have essentially said exactly that).  Come out and say it outright if that is the case.  Otherwise, quit rattling the cage because of some bad luck this last week [both with blocks and with technology].  Other miners, including myself have had good luck with BTCMine, so your stats are not accurate. If you don't ever plan to mine with BTCMine again, then don't.

Go ahead and PM me your spreadsheet  Roll Eyes

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June 04, 2011, 03:09:40 AM
 #693

You've got problems again. My workers are shown as offline but they are still submitting work.
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June 04, 2011, 03:13:18 AM
 #694

You've got problems again. My workers are shown as offline but they are still submitting work.
This.

I am getting spammed with miner notification emails, lol.

EDIT just recieved long pulls and my miners seem to be submitting valid shares.
EDIT2 And we just solved a block. Everything is working.
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June 04, 2011, 03:13:50 AM
 #695

All my BTCmine submissions are showing invalid or stale now. Rebooting didn't help.

Switched to slush

Like my post: 1DvQzs6zaE4HR2gjRRDd6dfu6mJJaCQv7Z
rezin777
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June 04, 2011, 03:16:26 AM
 #696


And, look at my statistics. There it is, solid proof. You cannot deny factual statistics.

BTCMine
Previous date do not recall 1.17 BTC/24 hr
6/2 0.98 BTC/24 hr
6/3 0.64 BTC/21 hr


Yes, yes. I see your statistics. Indeed those days were quite unlucky for BTCMine, but that certainly doesn't mean the operator is stealing. You simply have to look at the amount of blocks solved and the hash rate for that time frame to see that the low payout is due to poor luck.

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June 04, 2011, 03:47:17 AM
 #697

Just moved my 776 Mhash to your pool. Bye bye deepbit fees Tongue

Hope I can win more than there
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June 04, 2011, 03:56:28 AM
 #698

Just moved my 776 Mhash to your pool. Bye bye deepbit fees Tongue

Hope I can win more than there

Well, you really should donate if you like it or the pool won't be able to continue to operate [transaction fees are not significant enough yet and probably won't be for a year or so I would guess, when there is likely to be significant merchant activity].  2% used to be the regular fee and is, I would say, the recommended donation.

Deepbit gets away with those fees because of the reduction of variability [not so much reductions as the swings are faster, so averaging over time is faster ... generally meaning less noticeable variance], and for the instant payout feature of even unconfirmed shares of a block.  BTCMine however, will have some awesome days or weeks and of course the opposite.  It is more likely that you may earn a lot more or lose a lot more over any given period of time, but over a long time, you save that 1%.  Also, it is good to support pools other than one large pool since you cause them to grow [also helping reduce some of the daily variance] and it helps avoid one pool from gaining too much hashing power [remember deepbit went over 50% of the network hashing rate twice when there were just two big pool ... now you can say that there are four big pools including BTCMine with deepbit being by far the largest].  Spreading the hashing power avoids pool crashed causing miners to flood to one pool making it large enough for the double paying attack.  Having said that, I believe, thanks to pools like BTCMine, that is now a much reduced threat.  Support the cause Smiley

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June 04, 2011, 04:00:12 AM
 #699

Deepbit
5/29 1.55 BTC/24 hr
5/30 1.38 BTC/24 hr
5/31 1.47 BTC/24 hr
6/1 1.44 BTC/24 hr

BTCMine
Previous date do not recall 1.17 BTC/24 hr
6/2 0.98 BTC/24 hr
6/3 0.64 BTC/21 hr

You should look on block stats and then make some BASIC math.
Pool do not pay for shares, if you miss this.

BTCDig - mining pool (Stratum, VarDiff, DGM, SSL, JSON API)
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June 04, 2011, 04:01:25 AM
 #700

All my BTCmine submissions are showing invalid or stale now. Rebooting didn't help.

Switched to slush
Sorry for this, there is not successful daemon restart.

BTCDig - mining pool (Stratum, VarDiff, DGM, SSL, JSON API)
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