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anth0ny
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March 22, 2014, 04:12:49 AM |
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As it has repetitively been explained, Eligius is special because it doens't -have- any money. It pays you directly from the generation transaction. Therefore, it can only pay out as much as it mines, as luck allows.
Huh? What's this whole manual transaction thing about, then? To pay miners directly out of generation transactions, Eligius must establish a list of who must next be payed out. Sometimes, it can't. (There is an orphaned block. Blocks were found too fast. Somebody is trying to DDoS the pool). In those cases, the pool reverts to an "regaular" pool, which is to send the generated coins to itself, then pays the users via a "normal" transaction. However, this system is not automated like a regular pool, since it is exceptionnal behavior instead of normal behavior. Those manual payouts can only be initiated by the pool operator, wizkid and luke-jr. It introduces delay, because they must do them themselves, but it prevents that somebody that hacks the pool could get a hold of the private key of the pool's address and steal all those coins. So Eligius does have money. |
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anth0ny
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March 22, 2014, 04:16:53 AM |
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As it has repetitively been explained, Eligius is special because it doens't -have- any money. It pays you directly from the generation transaction. Therefore, it can only pay out as much as it mines, as luck allows.
Huh? What's this whole manual transaction thing about, then? When the system goes into failsafe mode, all transactions go into a cold wallet controlled by Wizkid057 and (I think) Luke-jr. When the database gets caught up and/or the error resolved, they initiate a manual payout. Also, as I understand it (and I could be wrong on this) they keep some reserves in there to take care of problems. In any case, I've never seen it go more than three days of being borked up before Wk does a manual payout. Right now I'm mining alts, but when I directly mine BTC this is the only pool I use. They've always been johnny on the spot fixing whatever goes wrong, and aside from the recent NMC thing that's still ongoing, it's always just been the stats and payouts. I've always gotten what I expected, except once when it was a bit more than I'd calculated  I'm assuming the error was in my math. Don't stress it too much. These guys are honest and have demonstrated it over a fairly long period of time. I'm in the camp that wants them to initiate mandatory fees, as I think that they ought to be well compensated AND have time for maintenance. WK has indicated that he is not in favor of this, and it's his baby, so I'll just voice my opinion and continue to donate 1 percent whenever I mine here. I'm not complaining. Making payouts in real time would be quite a feat. It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction. I'm just pointing out that Eligius does have money. |
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Luke-Jr
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Activity: 2576
Merit: 1186
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March 22, 2014, 04:23:06 AM |
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Making payouts in real time would be quite a feat. Regardless, that's been a goal of Eligius since day 1  It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction. Actually, there isn't. Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it  I'm just pointing out that Eligius does have money. It holds money owned by others, as little as possible. |
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anth0ny
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March 22, 2014, 04:45:02 AM |
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It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction. Actually, there isn't. Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it As in it'd cause a hard fork? Does the poorly designed software/hardware make up more or less than 50% of the network hashing power? (Regardless there is a limit. If nothing else, the size of the block is limited. But if that's the only limit, maybe real time is theoretically feasible.) |
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Luke-Jr
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March 22, 2014, 04:46:24 AM |
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It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction. Actually, there isn't. Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it As in it'd cause a hard fork? No, just the miner ends up with a crappy hashrate :/ |
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anth0ny
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March 22, 2014, 04:47:59 AM |
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It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction. Actually, there isn't. Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it As in it'd cause a hard fork? No, just the miner ends up with a crappy hashrate :/ Oh I see. The problem is with the miners mining for Eligius, not with propagation of the block. |
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Biomech
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Anarchy is not chaos.
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March 22, 2014, 04:55:36 AM |
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It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction. Actually, there isn't. Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it As in it'd cause a hard fork? No, just the miner ends up with a crappy hashrate :/ will bfgminer work eith Technobit HEX16b boards? I have been considering eliminating the tplink in my AMT unit and plugging the boards directly to my computer. |
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Luke-Jr
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March 22, 2014, 05:00:29 AM |
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It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction. Actually, there isn't. Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it As in it'd cause a hard fork? No, just the miner ends up with a crappy hashrate :/ will bfgminer work eith Technobit HEX16b boards? I have been considering eliminating the tplink in my AMT unit and plugging the boards directly to my computer. Not yet. nwoolls is working on this. |
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Biomech
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Activity: 1372
Merit: 1022
Anarchy is not chaos.
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March 22, 2014, 05:08:19 AM |
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It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction. Actually, there isn't. Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it As in it'd cause a hard fork? No, just the miner ends up with a crappy hashrate :/ will bfgminer work eith Technobit HEX16b boards? I have been considering eliminating the tplink in my AMT unit and plugging the boards directly to my computer. Not yet. nwoolls is working on this. Well, at least it's in the pipleline I really wish I could program.. |
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Luke-Jr
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March 22, 2014, 05:11:43 AM |
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BTW, everyone please ensure they have failovers set for the next week or so.
I don't expect any trouble, but there's a possibility as some things get moved around.
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babaji.ca
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March 22, 2014, 08:09:28 AM |
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If I am not mistaken, you have recommended bitminter in the past?
should I have a 3rd pool set as a failover # 2 ? If so, what pool would be a good choice for that 3rd spot?
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JaroBe
Member
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Activity: 99
Merit: 10
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March 22, 2014, 11:10:14 AM |
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Hi everybody
Does Eligius still mine NMC? I didn't get any NMC since the 8th of March (discovered just yesterday, when I wanted to sell them). I am pretty sure that my settings are correct.
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merv77
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March 22, 2014, 02:52:39 PM |
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Hi everybody
Does Eligius still mine NMC? I didn't get any NMC since the 8th of March (discovered just yesterday, when I wanted to sell them). I am pretty sure that my settings are correct.
there was a problem with NMC wallet address in options settings where some members discovered that their address had mysteriously changed. I think that wizkid has temporarily stopped NMC payouts untill further notice see post. https://bitcointalk.org/index.php?topic=441465.msg5682456#msg5682456 |
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jgu1394
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March 22, 2014, 06:26:11 PM |
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575.82339714 BTC are ahead in queue, putting this user's payout after a 23 block delay... When do we get a nice clean Manual payout ? , Thanks  |
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mdude77
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March 22, 2014, 07:07:54 PM |
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575.82339714 BTC are ahead in queue, putting this user's payout after a 23 block delay... When do we get a nice clean Manual payout ? , Thanks I've had 3 payouts since I started mining here, and *all* have been within an hour of hitting my threshold. The queue is misleading. M |
I mine at Kano's Pool because it pays the best and is completely transparent! Come join me! |
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lowerjerzey
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Activity: 106
Merit: 10
🤖UBEX.COM 🤖
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March 22, 2014, 08:32:15 PM |
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575.82339714 BTC are ahead in queue, putting this user's payout after a 23 block delay... When do we get a nice clean Manual payout ? , Thanks I've had 3 payouts since I started mining here, and *all* have been within an hour of hitting my threshold. The queue is misleading. M It's not misleading. It's variable. You could have a 3 block delay, then jump to 42 blocks. example: You have a 3 block delay. A farm has set there min to 1000. A block is solved and they reach 1000 and enter the queue. There oldest share is a week old and yours is a day. You now just fell back to a 42 block delay. |
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DaveF
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Activity: 3472
Merit: 6271
Crypto Swap Exchange
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March 22, 2014, 08:58:20 PM |
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BTW, everyone please ensure they have failovers set for the next week or so.
I don't expect any trouble, but there's a possibility as some things get moved around.
I know you don't know, but are we talking the possibility of five minutes, an hour, five hours? It would depend on where I set the fail-over to. -Dave |
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vsdagama
Newbie
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Activity: 4
Merit: 0
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March 22, 2014, 10:57:56 PM |
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Hey guys! First things first: Thank you very much guys for your work to keep the pool up and running. It's my very first week of mining and I very much appreciate the work. Secondly: Are the NMC payouts being delayed or are we just not mining any NMC at the moment? I would very much like to see the first one appear in my wallet Greetings and many thanks V |
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un_ordinateur
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March 22, 2014, 11:21:38 PM |
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Secondly: Are the NMC payouts being delayed or are we just not mining any NMC at the moment? I would very much like to see the first one appear in my wallet The NMC payouts are being delayed since there was a bug discovered in the system which made some payout addresses dissapear. Untin this is sorted out, the NMC payouts are suspended. |
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un_ordinateur
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March 22, 2014, 11:24:37 PM |
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575.82339714 BTC are ahead in queue, putting this user's payout after a 23 block delay... When do we get a nice clean Manual payout ? , Thanks I've had 3 payouts since I started mining here, and *all* have been within an hour of hitting my threshold. The queue is misleading. M It's not misleading. It's variable. You could have a 3 block delay, then jump to 42 blocks. example: You have a 3 block delay. A farm has set there min to 1000. A block is solved and they reach 1000 and enter the queue. There oldest share is a week old and yours is a day. You now just fell back to a 42 block delay. It is variable, but a good rule of thumb is to look the balance age of the last payout of the first block at the top of the payout list. This is the expected minimum delay between two consecutive payments you could have with current queue lenght. If you cross your treshold slower that that, you'll probably be payed out as soon as the treshold is crossed. If you cross your treshold faster that that, you'll wait. |
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