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

[TodaysGandalf]

has anyone been paid namecoins yet. My last payment was on the 8th

It's been stated multiple times recently in this thread.  Eligius Namecoin payouts have been supended until WizKid makes sure the BTC Statistics are accurate, considering the number of times the site has gone into fail-safe mode recently.  I can't speak for him, but I'd say it should happen any day now.  History has shown he will sacrifice time for accuracy.  I can respect that as I do that as well.  Eligius always makes it right in the end.

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[merv77]

not sure but I have installed new Bitcoin Core 0.9.0 wallet and newly generated (mined) coins now showing will mature after 101 confirmations instead of 120 as in previous versions

is this new feature of new wallet or something else?

[blubberli]

not sure but I have installed new Bitcoin Core 0.9.0 wallet and newly generated (mined) coins now showing will mature after 101 confirmations instead of 120 as in previous versions

is this new feature of new wallet or something else?

It is a new feature of of the wallet.

From the release notes:
+- Consider generated coins mature at 101 instead of 120 blocks

[Biomech]

<snip> tl;dr, lost in the blockchain, but valid...

It's definitely in the real live BTC blockchain.  Is this a personal wallet or online wallet (like an exchange)?

M

Have a blockchain.info wallet - never had a problem with Eligius payments before on my wallet and got one the other day. Ahhh blockchain.info grrrrr update

It's my understanding (I don't use blockchain.info so take it for a research point) that you can export your private keys from your blockchain.info wallet and import them into a client such as QT or Electrum. If so, this should fix the problem for you. Well, if you're using QT that will also involve waiting an interminable amount of time for the blockchain to download

[raskul]

<snip> tl;dr, lost in the blockchain, but valid...

It's definitely in the real live BTC blockchain.  Is this a personal wallet or online wallet (like an exchange)?

M

Have a blockchain.info wallet - never had a problem with Eligius payments before on my wallet and got one the other day. Ahhh blockchain.info grrrrr update

It's my understanding (I don't use blockchain.info so take it for a research point) that you can export your private keys from your blockchain.info wallet and import them into a client such as QT or Electrum. If so, this should fix the problem for you. Well, if you're using QT that will also involve waiting an interminable amount of time for the blockchain to download

yup, this is possible with any private key

[kendog77]

Why does the payout queue seem all dorked up?

How can it be 700+ Bitcoin behind?

That doesn't give me a warm fuzzy feeling that the pool has sufficient funds to handle all payouts and is being managed properly.

[bizzyb]

Average time for last 10 blocks...30 mins....nice 

[alexrossi]

Is there a way to monitor variance (luck) in long periods of time, such 1 day/1 week/1 month?

[alexrossi]

Is there a way to monitor variance (luck) in long periods of time, such 1 day/1 week/1 month?

Found mpool, seems works pretty well

[un_ordinateur]

Why does the payout queue seem all dorked up?

How can it be 700+ Bitcoin behind?

That doesn't give me a warm fuzzy feeling that the pool has sufficient funds to handle all payouts and is being managed properly.

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. The queue shrinks when the pool is lucky, and grows when the pool is unlucky.

It's an advantage, because since the pool doesn't handle the money directly, there are no funds to be stolen, be it by the pool operator or by an hacker. It comes with the downside of variable payout timeframe.

That being said, sometimes, the pool cannot correctly determine who should be payed in the next block. (it goes in safe mode) Instead of stopping mining (and thus throwing away hashrate), it sends the money to the pool operator's cold wallet; and the payout queue grows fast, since nobody is getting payed. The pool operator then initiates a manual payout to send those coins to those in the payout queue, something he does about weekly.

[shaxs]

So I know the password can be anything made up. But what if we moved to a pool then came back and can't remember the random one we created originally. Does it matter or no?

[jamesg]

So I know the password can be anything made up. But what if we moved to a pool then came back and can't remember the random one we created originally. Does it matter or no?

Just use "x" without the quotes. Easy... 

[anth0ny]

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?

[un_ordinateur]

So I know the password can be anything made up. But what if we moved to a pool then came back and can't remember the random one we created originally. Does it matter or no?

There is a password because the communication protocol between the pool and a miner requires a password to be sent, but Eligius simply discards your password, it never checks it. You are only identified by your mining address.

[shaxs]

Thanks everyone!

[un_ordinateur]

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.

[mdude77]

Is there a way to monitor variance (luck) in long periods of time, such 1 day/1 week/1 month?

Found mpool, seems works pretty well

Thanks.

Last 10 blocks: 161%
Last 12 hours: 135%
Last 24 hours: 138%
Last 7 days: 107%
Last 30 days: 97%
Last 90 days: 97%

M

[kendog77]

Is there a way to monitor variance (luck) in long periods of time, such 1 day/1 week/1 month?

Found mpool, seems works pretty well

Thanks.

Last 10 blocks: 161%
Last 12 hours: 135%
Last 24 hours: 138%
Last 7 days: 107%
Last 30 days: 97%
Last 90 days: 97%

M

Given that recent string of good luck, can someone please explain to me how this pool is still has a payout queue of 831 BTC? I would expect the payout queue to be much smaller. Is the pool sitting on a bunch of bitcoin that needs to be manually payed out?

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

[lightfoot]

I think so. I dropped my hashing to 350gh here, which should give me a .04btc payment daily. For the second time I'm up to .10+btc balance, in queue for over a day, and "5 blocks to go".

So it looks like it's just going to build queues of payments.

[Biomech]

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.