Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB

[jcumins]

This all this new Hashing power added to the pool, one would think the number of blocks found would also increase. 

8 new blocks in 24 hours is extremely low, for that amount of processing power.


HMMMM.

Just my 2 cents worth.

[1713572368]

1713572368

[1713572368]

1713572368

[1713572368]

1713572368

[1713572368]

1713572368

[1713572368]

1713572368

[crashoveride54902]

This all this new Hashing power added to the pool, one would think the number of blocks found would also increase. 

8 new blocks in 24 hours is extremely low, for that amount of processing power.


HMMMM.

Just my 2 cents worth.

True but luck is down...we've been having great luck for the past few weeks...just hope this slump doesn't last for weeks

[jcumins]

Yep i agree totally.

[jcumins]

I think if i had that much hardware for 500 plus th,  I would build a private pool.  I think they would be more $$$ to be made.

But I could be wrong thats for sure.

[spiceminer15]

luck has been so shitty!

[un_ordinateur]

I think if i had that much hardware for 500 plus th,  I would build a private pool.  I think they would be more $$$ to be made.

But I could be wrong thats for sure.

Since this pool is 0% fee, your expected reward would be exactly the same. However, you'd have greater variance mining alone. So no reason to not mine into a pool.

[ProfMac]

I think if i had that much hardware for 500 plus th,  I would build a private pool.  I think they would be more $$$ to be made.

But I could be wrong thats for sure.

Since this pool is 0% fee, your expected reward would be exactly the same. However, you'd have greater variance mining alone. So no reason to not mine into a pool.

This past year, I found 3 valid and 1 orphan blocks while mining at Eligius.  I have received all time payout of 78.90441370 BTC, and am at 97.37% shares rewarded. 

[wizkid057]

How can balances not yet rewarded/earned show up in the payout queue?

When work is given, CPPSRB has precalculated everyone's exact reward for if that work results in a block.  So if it does, everyone is paid properly.  The payout queue displayed is simply a periodic snapshot of this data which includes the rewards for the block not yet found... which can't be included in a manual payout.

Related, what if the payout queue is completely emptied out by a manual payout, and (due to vagaries of the queue and people not yet hitting their threshold) there are not yet enough users in the queue for payouts to total 25 BTC in the currently-being-mined block?  Is the remainder just sent to the cold wallet for future manual payouts?  Or will the pool just pay out accounts before they hit their thresholds?

It goes to the cold wallet, yes.  The only time the pool pays a balance before it reaches the minimum payout, either default or custom, is due to inactivity.  Balances < ~0.001 BTC are never paid out.

1) So manual payouts are just normal transactions pushed to the Bitcoin network?  

Yes.

I.e., they often end up in blocks that aren't mined by Eligius?  If so, it seems that it would be nice to just have that transaction included in the next Eligius-mined block so that the pool can keep the fees (equivalent to not paying fees).  Obviously this could lead to a delay in payments if there is a long round, but I think that most people would understand.

I usually just pay the fees, or send it fee-less and prioritize it on Eligius.

2) How often does Eligius push new block contents to miners?  If the exact payout amount is fully paid out and kept current (not just the "as of last block" amount) in every block, this would have to be pretty frequent..... several times a minute?  So if a miner successfully finds an "old" block (with "old" version of the coinbase transaction that has "old" balances), I suppose the new balance differentials are just kept in the user's account to be paid out the next time they enter the queue?

Each miner individually gets updates every 55 seconds or when a new network block is found.  But work is constantly being generated and given to other miners on offset schedules.  The result is up-to-the-second work being out there somewhere at all times.

In reality, the share log is paid based on when the work was issued, not when the block is actually found/submitted.  This prevents a few unlikely attack vectors like a user finding a block, holding on to it, then adding a bunch of hash power to the pool before submitting the block thinking those shares will be paid by the current round.  In reality, they would be put towards the next round since shares submitted after the block-finding-work was issued isn't paid/rewarded by the block.





(Edited a few times for clarity)

[baddw]

In reality, the share log is paid based on when the work was issued, not when the block is actually found/submitted.  This prevents a few unlikely attack vectors like a user finding a block, holding on to it, then adding a bunch of hash power to the pool before submitted the block thinking those shares will be paid by the current round.  In reality, they would be put towards the next round since shares submitted after the block-finding-work was issued isn't paid/rewarded by the block.

Thank you for the clarification.  This all makes perfect sense, basing everything on when the work is issued.

[Biodom]

How can balances not yet rewarded/earned show up in the payout queue?

When work is given, CPPSRB has precalculated everyone's exact reward for if that work results in a block.  So if it does, everyone is paid properly.  The payout queue displayed is simply a periodic snapshot of this data which includes the rewards for the block not yet found... which can't be included in a manual payout.

Related, what if the payout queue is completely emptied out by a manual payout, and (due to vagaries of the queue and people not yet hitting their threshold) there are not yet enough users in the queue for payouts to total 25 BTC in the currently-being-mined block?  Is the remainder just sent to the cold wallet for future manual payouts?  Or will the pool just pay out accounts before they hit their thresholds?

It goes to the cold wallet, yes.  The only time the pool pays a balance before it reaches the minimum payout, either default or custom, is due to inactivity.  Balances < ~0.001 BTC are never paid out.

1) So manual payouts are just normal transactions pushed to the Bitcoin network?  

Yes.

I.e., they often end up in blocks that aren't mined by Eligius?  If so, it seems that it would be nice to just have that transaction included in the next Eligius-mined block so that the pool can keep the fees (equivalent to not paying fees).  Obviously this could lead to a delay in payments if there is a long round, but I think that most people would understand.

I usually just pay the fees, or send it fee-less and prioritize it on Eligius.

2) How often does Eligius push new block contents to miners?  If the exact payout amount is fully paid out and kept current (not just the "as of last block" amount) in every block, this would have to be pretty frequent..... several times a minute?  So if a miner successfully finds an "old" block (with "old" version of the coinbase transaction that has "old" balances), I suppose the new balance differentials are just kept in the user's account to be paid out the next time they enter the queue?

Each miner individually gets updates every 55 seconds or when a new network block is found.  But work is constantly being generated and given to other miners on offset schedules.  The result is up-to-the-second work being out there somewhere at all times.

In reality, the share log is paid based on when the work was issued, not when the block is actually found/submitted.  This prevents a few unlikely attack vectors like a user finding a block, holding on to it, then adding a bunch of hash power to the pool before submitting the block thinking those shares will be paid by the current round.  In reality, they would be put towards the next round since shares submitted after the block-finding-work was issued isn't paid/rewarded by the block.





(Edited a few times for clarity)

Is eligius in OK status? Statistics on my miners is frozen for the last two-three hours-waiting for payout that just does not seem coming.
it seems to occur on sundays for some reason.
Comment?
Edit: in the last two hours the amount of earned BTC actually went down with miner reporting normal speed. How is this possible?

[cad_cdn]

are nmc merged mining proceeds lost if not associated with a btc address?
I cannot sign a message because of my mining settings. am I out of luck on any nmc?

[crashoveride54902]

are nmc merged mining proceeds lost if not associated with a btc address?
I cannot sign a message because of my mining settings. am I out of luck on any nmc?

yes you need to be able to sign a msg to change the settings...no way around that...why can't you sign a msg with your btc addy? I wouldn't be using an online site for your coins...to many raw deals happen that way i only trust something that i can control fully with my money

@biodom...everything fine on my end...had cpl miners lose the pool but they come back fast nuff...no biggie...maybe another ddos attack?

[jcumins]

I have a question.  How does one find out of during there time mining for the pool what is any blocks that there miners found for the pool.

I have read where people state that they found x number of blocks.

Just curious, how this information is found.

Thanks

[Tigggger]

I have a question.  How does one find out of during there time mining for the pool what is any blocks that there miners found for the pool.

Just search for your address on the 'Blocks' page.

http://eligius.st/~wizkid057/newstats/blocks.php

[jcumins]

Great

Thanks

No blocks found lol....

[un_ordinateur]

I think if i had that much hardware for 500 plus th,  I would build a private pool.  I think they would be more $$$ to be made.

But I could be wrong thats for sure.

Since this pool is 0% fee, your expected reward would be exactly the same. However, you'd have greater variance mining alone. So no reason to not mine into a pool.

This past year, I found 3 valid and 1 orphan blocks while mining at Eligius.  I have received all time payout of 78.90441370 BTC, and am at 97.37% shares rewarded. 

Well:
1. You recieved more from Eligius that if you were mining alone. If you had mined alone and found 3 blocks, you'd have 75 BTC. Mining on Eligius,  you received 79 BTC.
2. Having 97% shares rewarded puts you around the same average than the average miner around here, as, even with 0% fees, the pool cannot get to 100% PPS due to work lost on orphaned block. You would do no better mining alone, as you would have a slight chance too of seeing your blocks orphaned.

[jcumins]

Well here is another question. Pool luck rate for finding blocks,  is the reason the luck rates have been not so good June and July due to the volume of bit-coin transactions, I would suspect there tied together.

If not then what is tied to the Pool luck rate.

It seems every time the pool hits 8 plus PH luck rates tank.

Just wondering.

[wizkid057]

Well here is another question. Pool luck rate for finding blocks,  is the reason the luck rates have been not so good June and July due to the volume of bit-coin transactions, I would suspect there tied together.

If not then what is tied to the Pool luck rate.

It seems every time the pool hits 8 plus PH luck rates tank.

Just wondering.

"Luck" is completely random and nothing dictates it whatsoever.

[jcumins]

Thanks Wizkid,  I greatly appreciate it.

[JoseSan]

is the reason the luck rates have been not so good June and July due to the volume of bit-coin transactions,

No. Transaction volume has no bearing on *finding* a block (the latency in transmission of the found block _is_ affected by it).

If not then what is tied to the Pool luck rate.

Luck...