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

[jcumins]

wow 17 hours at 25% luck rate, ouch.  Now that block is not showing up in the block stats, and my miners are stats are still showing 20% luck.  I suspect a stats issue.

[Bitskint]

Having delved deeper into the workings of how all this  difficulty and things related, I found
a nice site that explains  a little more

You lot probs know it, but for those who do not :- https://cryptanalys.is/difficulty/bitcoin_btc.php

predicting a drop in difficulty at the moment  LOL --  bet that changes

****And as I typed this we found a block ****

[baddw]

CPPSRB has other "fairness" attributes too.  With backpay, you have the potential to earn full PPS for every share you've ever submitted.  PPLNS throws away shares after a given time frame; you will never earn anything for them.  I suppose that if the "N" in PPLNS is large enough, you get kind of the same thing (since shelved shares that are old enough are unlikely to ever be paid out).

No, even if "N" is relatively small, you cant still expect to be paid the same as PPS for every share. A larger "N" just reduces variance. I'm not sure what "N" would equate with CPPSRB in terms of variance.

Over time both CPPSRB and PPLNS will converge to the expected value per share. I'm not sure what the difference in variance between the two is.

I didn't mean that it was the same as PPLNS, I just meant that CPPSRB is somewhat similar to PPLNS with a large "N", in the way that they both could pay for shares that are relatively "old". 

Also, as un_ordinateur pointed out, CPPSRB could reasonably be portrayed as PPLNUS.  Looks at CPPSRB from another angle.

[organofcorti]

CPPSRB has other "fairness" attributes too.  With backpay, you have the potential to earn full PPS for every share you've ever submitted.  PPLNS throws away shares after a given time frame; you will never earn anything for them.  I suppose that if the "N" in PPLNS is large enough, you get kind of the same thing (since shelved shares that are old enough are unlikely to ever be paid out).

No, even if "N" is relatively small, you can t  still expect to be paid the same as PPS for every share. A larger "N" just reduces variance. I'm not sure what "N" would equate with CPPSRB in terms of variance.

Over time both CPPSRB and PPLNS will converge to the expected value per share. I'm not sure what the difference in variance between the two is.

I didn't mean that it was the same as PPLNS, I just meant that CPPSRB is somewhat similar to PPLNS with a large "N", in the way that they both could pay for shares that are relatively "old".  

Also, as un_ordinateur pointed out, CPPSRB could reasonably be portrayed as PPLNUS.  Looks at CPPSRB from another angle.

I don't know if this makes a difference to you, but my original post contained a bizarre typo which changed the whole meaning of what I wrote. Fixed in the quote above.

[jcumins]

We are now over 25 hours with terrible luck rates.  and down to 3 blocks in inventory.  The Luck rate is showing 33% and this is the blocks.

8 hours   2014-06-30 16:34:49   01:06:29   6,394,801,920   16.82G   263.0%   6,885.30 Th   51 of 120   1P66KUPHNS...   308,631   ...e1ac2e79ccf545cb9b
9 hours   2014-06-30 02:53:26   13:41:23   81,201,944,832   16.82G   20.7%   7,076.67 Th   56 of 120   1P2A8fZ4XS...   308,626   ...92aebd110454c6afd7

that's all that's in inventory.

Seems very strange to me.

Anyone have any ideas.

[baddw]

CPPSRB has other "fairness" attributes too.  With backpay, you have the potential to earn full PPS for every share you've ever submitted.  PPLNS throws away shares after a given time frame; you will never earn anything for them.  I suppose that if the "N" in PPLNS is large enough, you get kind of the same thing (since shelved shares that are old enough are unlikely to ever be paid out).

No, even if "N" is relatively small, you cant[/s] still expect to be paid the same as PPS for every share. A larger "N" just reduces variance. I'm not sure what "N" would equate with CPPSRB in terms of variance.

Over time both CPPSRB and PPLNS will converge to the expected value per share. I'm not sure what the difference in variance between the two is.

I didn't mean that it was the same as PPLNS, I just meant that CPPSRB is somewhat similar to PPLNS with a large "N", in the way that they both could pay for shares that are relatively "old".  

Also, as un_ordinateur pointed out, CPPSRB could reasonably be portrayed as PPLNUS.  Looks at CPPSRB from another angle.

I don't know if this makes a difference to you, but my original post contained a bizarre typo which changed the whole meaning of what I wrote. Fixed in the quote above.

Well, kind of yes, kind of no (in terms of it making a difference).  Of course in the long run, PPLNS and PPS converge to equal the same amount.  I have never stated otherwise.

But each system has its "intuitive" appeal to people who don't fully understand/believe in the Law of Large Numbers.  Some people like everything to be accounted for, and to have steady, predictable earnings under PPS.  Others like to gamble, to have the idea that they can earn more than their "fair share" by having shares double-paid under PPLNS.

Of course this will not be the only thing that is taken into consideration when choosing a pool.  I think that Eligius gets a first glance from most miners due to its 0% fees.

[crashoveride54902]

We are now over 25 hours with terrible luck rates.  and down to 3 blocks in inventory.  The Luck rate is showing 33% and this is the blocks.

8 hours   2014-06-30 16:34:49   01:06:29   6,394,801,920   16.82G   263.0%   6,885.30 Th   51 of 120   1P66KUPHNS...   308,631   ...e1ac2e79ccf545cb9b
9 hours   2014-06-30 02:53:26   13:41:23   81,201,944,832   16.82G   20.7%   7,076.67 Th   56 of 120   1P2A8fZ4XS...   308,626   ...92aebd110454c6afd7

that's all that's in inventory.

Seems very strange to me.

Anyone have any ideas.

yes but we just had a great run of luck as well

last 10hr 71.85%
last 12hr 38.85%
last 7day 99.92%
last 30day 104.92%
last 90day 98.58%

see we all good course the .05btc i made today hurt but not complaining

[baddw]

We are now over 25 hours with terrible luck rates.  and down to 3 blocks in inventory.  The Luck rate is showing 33% and this is the blocks.

8 hours   2014-06-30 16:34:49   01:06:29   6,394,801,920   16.82G   263.0%   6,885.30 Th   51 of 120   1P66KUPHNS...   308,631   ...e1ac2e79ccf545cb9b
9 hours   2014-06-30 02:53:26   13:41:23   81,201,944,832   16.82G   20.7%   7,076.67 Th   56 of 120   1P2A8fZ4XS...   308,626   ...92aebd110454c6afd7

that's all that's in inventory.

Seems very strange to me.

Anyone have any ideas.

Bitcoin mining is a stochastic process.  Bad luck is normal over short periods of time.  It is made up by runs of good luck.  Get used to it.  

[crashoveride54902]

Having delved deeper into the workings of how all this  difficulty and things related, I found
a nice site that explains  a little more

You lot probs know it, but for those who do not :- https://cryptanalys.is/difficulty/bitcoin_btc.php

predicting a drop in difficulty at the moment  LOL --  bet that changes

****And as I typed this we found a block ****

https://bitcoinwisdom.com/bitcoin/difficulty

better predictor...i think...was at 22% or so after the diff rate change...so it went down to 17% hopefully it stays...but i doubt it...more neppy's will hit customers hands...although i think knc made'em crappy so they'll break on purpose...but don't ferget bitmain will be piping out more units as well as tons of other asic companies

[Bitskint]

Having delved deeper into the workings of how all this  difficulty and things related, I found
a nice site that explains  a little more

You lot probs know it, but for those who do not :- https://cryptanalys.is/difficulty/bitcoin_btc.php

predicting a drop in difficulty at the moment  LOL --  bet that changes

****And as I typed this we found a block ****

https://bitcoinwisdom.com/bitcoin/difficulty

better predictor...i think...was at 22% or so after the diff rate change...so it went down to 17% hopefully it stays...but i doubt it...more neppy's will hit customers hands...although i think knc made'em crappy so they'll break on purpose...but don't ferget bitmain will be piping out more units as well as tons of other asic companies

Thanks

Looking at that graph, there is deff a slowdown, looks like alot of bad luck.

Also reading the forums, seems like there are a lot of hardware problems going round.

I feel for the guy/gal with the 10 S2's of which 7 died in 24 hours  


Talking of hardware, every time there is a run of bad luck, my hash rate drops.
Take a look at my graph http://eligius.st/~wizkid057/newstats/userstats.php/1BkQfrRarYhu8QdMTXUs748oYiSyTw24bv and you'll see its dropped by a margin.
When there is a run of good luck - it climbs again

is that normal ?

[jcumins]

From what I am reading seems like all pools are having the same bad duck as we are.

Sure hope it changes soon.

[vulgartrendkill]

From what I am reading seems like all pools are having the same bad duck as we are.

Sure hope it changes soon.

I hate Bad Ducks   .1 btc in 2 days with 3TH! 

[taipo]

https://blockchain.info/pools?timespan=24hrs

Large mining farms are the new regime that pools are up against and the higher the difficulty goes ( therefore power consumption as miners have to add more asics to their rigs ) the more the hashrate is gravitating to these cloud styled hashing farms. Except for ghash, btc guild and discus fish, it appears many of the other pools are becoming minor players in the hashwars.

This is the inevitable shift to centralised mining that is being driven by the difficulty inflation.

The lower that share goes ( currently Eligius is commanding 3% ) the more erratic the block finds will be. Bitminter, Slush, Polmine, ElipseMC and all the others other than the top 3 pools are all experiencing the same dilemma. It just means you have to look at your earnings across a week instead of daily to see it evening out and when the average mining pool is commanding less than 1%, then you have to amortise your figures across a month or more like the P2pool miners have to.

[jcumins]

I was thinking this might be the case. With the difficulty going up fast, the issue of finding quality blocks. 

I am sure the industry will get this figured out.  If not then the number of people investing in mining will go down severely. This will hurt the industry extensively, with the growth of bitcoins becoming more and more excepted in the commerce of daily life purchases.

There will have to be a better way to encrypt all the transactions with out the difficulty getting so sever over time that only high end server pools to process them.

Just a few thoughts.


 

[GrapeApe]

Wow that last diff rise sure did slow things down. The entire bitcoin network hasn't discovered a block in over an hour...

[TRN1062]

Why is the Eligius payout queue so ridiculously obtuse? Other pools don't have this problem.

It is a feature, not a bug.  Eligius is the only pool where the coins will show up in your wallet as "mined" and not transferred in.  This means that Eligius never holds the funds in a centralized location that can be hacked (well, not "never", but it tries hard to avoid it).  Eligius is what it is.  It is the fairest pool around.  In order to do that, the creators had to get creative.  If you don't like it, mine somewhere else.

I don't. And I do.

then I say to you... good riddance!  Why are you following or posting to a thread about a mining pool you state you do NOT mine on? Troll much?

[eleuthria]

Wow that last diff rise sure did slow things down. The entire bitcoin network hasn't discovered a block in over an hour...

That happens about 2-3 times a month.

[MrTeal]

Wow that last diff rise sure did slow things down. The entire bitcoin network hasn't discovered a block in over an hour...

That happens about 2-3 times a month.

An hour without a block isn't uncommon, but twice in four hours probably doesn't happen too often.

I have to say, I'm pretty happy about the apparent slowdown. I hope that it's more that the previous difficulty adjustment had a large period of good luck for the network, as opposed to the 25% just being an actual network increase and this is a period of bad luck.

[GrapeApe]

Wow that last diff rise sure did slow things down. The entire bitcoin network hasn't discovered a block in over an hour...

That happens about 2-3 times a month.

Well just burst my bubble...

I'm shocked at the network growth rate now.  

I have to say, I'm pretty happy about the apparent slowdown. I hope that it's more that the previous difficulty adjustment had a large period of good luck for the network, as opposed to the 25% just being an actual network increase and this is a period of bad luck.

Agreed

[mdude77]

Wow that last diff rise sure did slow things down. The entire bitcoin network hasn't discovered a block in over an hour...

That happens about 2-3 times a month.

Well just burst my bubble...

I'm shocked at the network growth rate now.  

I have to say, I'm pretty happy about the apparent slowdown. I hope that it's more that the previous difficulty adjustment had a large period of good luck for the network, as opposed to the 25% just being an actual network increase and this is a period of bad luck.

Agreed

It's been a few days now since the last difficulty change.  So far, atleast according to the data I'm getting from blockchain.info, we're actually slated for a decrease next round.  Of course there is a long way to go to next change... but it quite the opposite from last time where it immediately looked like 15%+ within a few days.

M