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

[xstr8guy]

well, there is nothing wrong with eligius pool. I was attracted because of the 0% fee, and i also checked the contributors in eligius pool, there are people with far more servers than me but as i said, it's trustable all is fine, just i don't agree to that payout policy and i left. this is all, case closed.

There is no problem in not agreeing with the payout policy. The problem is that you didn't know from the start and that you compared 2 pools payouts, but didn't take into consideration the "luck" factor. And you don't have servers, you have miners. Happy mining!

Lol, I was wondering when we decided that they were called "servers" and not "miners". I didn't get the memo. 

[Bitskint]

Lol, I was wondering when we decided that they were called "servers" and not "miners". I didn't get the memo. 

I have pondered that too

Reminds me of the phone conversation with the UPS rep at East Midlands once when
2 of my S1's were stuck in customs - needless to say - she hadn't a clue what I was on about
and finally went for computer equipment.

Oh  and at same time it was hard explaining what they were worth and what I had paid - in Bitcoin -- I managed to fob her off by explaining I had no control ( little lie ) over the price and she should
refer to the ticket on the boxes - as that is a declaration by the seller and nothing to do with the buyer
something along the lines of "Reasonable amount declared for the contents".


It worked and they were released from customs.

Hope the next imports get through without the same palaver.  !!!

[RealMalatesta]

Lol, I was wondering when we decided that they were called "servers" and not "miners". I didn't get the memo. 

I have pondered that too

Reminds me of the phone conversation with the UPS rep at East Midlands once when
2 of my S1's were stuck in customs - needless to say - she hadn't a clue what I was on about
and finally went for computer equipment.

Oh  and at same time it was hard explaining what they were worth and what I had paid - in Bitcoin -- I managed to fob her off by explaining I had no control ( little lie ) over the price and she should
refer to the ticket on the boxes - as that is a declaration by the seller and nothing to do with the buyer
something along the lines of "Reasonable amount declared for the contents".


It worked and they were released from customs.

Hope the next imports get through without the same palaver.  !!!

Hehe, soundd familiar. A company in China declared my miners as "Gaming computer" and decreased the value to 700 US$.... The guy at customs looked at me and asked: "You spend THIS much money for gaming? You must be a freak..."

:-)

[crashoveride54902]

Yeah, every now and then I decide to try and different pool and I always find myself coming back to Eligius (or BTC Guild truth be told).  In the end though I definitely prefer Eligius, I like getting paid from a generation transaction, but don't like the variance on P2Pool, and no fees are a great bonus too.  Not to mention the pure amount of work Wizkid puts in without asking for a fee is amazing.  Thank you wizkid for running a great pool, and all of the hard work you do to keep it running.

yep i do the same...but i never leave for very long..hr or two...in the end all payouts are gona be the same no matter what pool ya choose...i love less variance so i'll stick around here for a long time....rather have steady daily payout then play the luck game n hope it all avg. out

[sconklin321]

Yeah, every now and then I decide to try and different pool and I always find myself coming back to Eligius (or BTC Guild truth be told).  In the end though I definitely prefer Eligius, I like getting paid from a generation transaction, but don't like the variance on P2Pool, and no fees are a great bonus too.  Not to mention the pure amount of work Wizkid puts in without asking for a fee is amazing.  Thank you wizkid for running a great pool, and all of the hard work you do to keep it running.

yep i do the same...but i never leave for very long..hr or two...in the end all payouts are gona be the same no matter what pool ya choose...i love less variance so i'll stick around here for a long time....rather have steady daily payout then play the luck game n hope it all avg. out

For me it's usually more like a couple days, but yeah the variance on p2pool is horrible.  If they had the hashrate to find a block at least daily, I might consider them, but aside from that, probably better to stick to a pool like eligius which has the hashrate, and pays from a generation transaction.

[rkinnin]

Hi Folks,

Was hoping for a thought or two on this....

I hooked up a new s2 and tuned it to Eligius yesterday.  So far only .021 BTC has been mined and thats in twenty-four hours.  Additionally, the "Shares Rewarded" percentage says 69.36%. 

I have a bunch of s1's mining just fine as a separate entry in Eligius and their "Shares Rewarded" percentage is: 98.87%

Your thoughts are appreciated.

Thanks.

<Robb>

[crashoveride54902]

Hi Folks,

Was hoping for a thought or two on this....

I hooked up a new s2 and tuned it to Eligius yesterday.  So far only .021 BTC has been mined and thats in twenty-four hours.  Additionally, the "Shares Rewarded" percentage says 69.36%. 

I have a bunch of s1's mining just fine as a separate entry in Eligius and their "Shares Rewarded" percentage is: 98.87%

Your thoughts are appreciated.

Thanks.

<Robb>

addy of the new s2's? takes alittle bit to reach 98%

[nexus99]

This is the first time I've not been able to get to the web site.

[Biffa]

This is the first time I've not been able to get to the web site.

Happens every now and then.

[Biffa]

Update, gone from blank page to 500 Internal Server Error on the web site.

Miners still connected and hashing

[mdude77]

Hi Folks,

Was hoping for a thought or two on this....

I hooked up a new s2 and tuned it to Eligius yesterday.  So far only .021 BTC has been mined and thats in twenty-four hours.  Additionally, the "Shares Rewarded" percentage says 69.36%. 

I have a bunch of s1's mining just fine as a separate entry in Eligius and their "Shares Rewarded" percentage is: 98.87%

Your thoughts are appreciated.

Thanks.

<Robb>

Shares rewards are based on time mining and luck.  If you started during a down swing, then your shares rewarded are going to be low.  It'll catch up when luck swings positive again.

According to my math, 1TH/s should earn about 0.0311479 BTC a day, on average.  Some days will be higher, some will be lower.  You seem to have started on the low side of luck.

M

[DeeBo]

What's the deal with the payout queue recently?  It's usually at most 3-4 days to get to the top (which conviently is about how long it takes my 2 S1s to mine my 40 TBC minimum.)  Now I've hit my minimum and it's been over 4 days since my last payout and I'm still 14 blocks down on the queue 

It worries me a little bit because it seems the pool is increasing its "debt" when logically that shouldn't be.  The BTC in the payout queue should have all been earned and are now owed to the miners.  We're not taking about shelved shares here, these are BTC that have already been mined.

Say the pool shuts down tomorrow (not saying it will but bear with me.)  What happens to all the miners who have a balance on their account?  Obviously new blocks won't be mined so we can't be paid out the traditional way.  Do you have enough BTC in cold storage to pay everyone off?  Right now there's a staggering 571.77 BTC in the payout queue and that's not even counting the miners who haven't hit their minimum.  Furthermore, how does the cold storage wallet get paid?  Do you send off a percentage of each new block to it?  Or is it only credited when the payout system goes into "fallback" mode?

This just confuses me because the point of the CPPSRB system is that there will never be more BTC in shares credited than what the pool actually mines.  Yet it seems the "debt" in the payout queue continues to grow and we're at the mercy of the miners tomorrow to pay off what we mined yesterday.

[Bitskint]

What's the deal with the payout queue recently?  It's usually at most 3-4 days to get to the top (which conviently is about how long it takes my 2 S1s to mine my 40 TBC minimum.)  Now I've hit my minimum and it's been over 4 days since my last payout and I'm still 14 blocks down on the queue  

It worries me a little bit because it seems the pool is increasing its "debt" when logically that shouldn't be.  The BTC in the payout queue should have all been earned and are now owed to the miners.  We're not taking about shelved shares here, these are BTC that have already been mined.

Say the pool shuts down tomorrow (not saying it will but bear with me.)  What happens to all the miners who have a balance on their account?  Obviously new blocks won't be mined so we can't be paid out the traditional way.  Do you have enough BTC in cold storage to pay everyone off?  Right now there's a staggering 571.77 BTC in the payout queue and that's not even counting the miners who haven't hit their minimum.  Furthermore, how does the cold storage wallet get paid?  Do you send off a percentage of each new block to it?  Or is it only credited when the payout system goes into "fallback" mode?

This just confuses me because the point of the CPPSRB system is that there will never be more BTC in shares credited than what the pool actually mines.  Yet it seems the "debt" in the payout queue continues to grow and we're at the mercy of the miners tomorrow to pay off what we mined yesterday.

Eligius and most "like" pools are all in the same boat.
Most miners have had a delay over the last few days - mine for a start took 5 days or so - when it should have taken 2-3.

It's all down to that four letter word...

Suck ......Muck......Duck.....Buck.....%uck ---**nope** --- its LUCK

On the bright side, all this bad luck is having a possitive effect on the next difficulty increase due in 6-7 days
Read the posts on page 140 of this thread and follow the links ... may well have a DROP this time ... or a very small increase.

Fingers crossed.

*Edited page number

[DeeBo]

What's the deal with the payout queue recently?  It's usually at most 3-4 days to get to the top (which conviently is about how long it takes my 2 S1s to mine my 40 TBC minimum.)  Now I've hit my minimum and it's been over 4 days since my last payout and I'm still 14 blocks down on the queue  

It worries me a little bit because it seems the pool is increasing its "debt" when logically that shouldn't be.  The BTC in the payout queue should have all been earned and are now owed to the miners.  We're not taking about shelved shares here, these are BTC that have already been mined.

Say the pool shuts down tomorrow (not saying it will but bear with me.)  What happens to all the miners who have a balance on their account?  Obviously new blocks won't be mined so we can't be paid out the traditional way.  Do you have enough BTC in cold storage to pay everyone off?  Right now there's a staggering 571.77 BTC in the payout queue and that's not even counting the miners who haven't hit their minimum.  Furthermore, how does the cold storage wallet get paid?  Do you send off a percentage of each new block to it?  Or is it only credited when the payout system goes into "fallback" mode?

This just confuses me because the point of the CPPSRB system is that there will never be more BTC in shares credited than what the pool actually mines.  Yet it seems the "debt" in the payout queue continues to grow and we're at the mercy of the miners tomorrow to pay off what we mined yesterday.

Eligius and most "like" pools are all in the same boat.
Most miners have had a delay over the last few days - mine for a start took 5 days or so - when it should have taken 2-3.

It's all down to that four letter word...

Suck ......Muck......Duck.....Buck.....%uck ---**nope** --- its LUCK

On the bright side, all this bad luck is having a possitive effect on the next difficulty increase due in 6-7 days
Read the posts on page 140 of this thread and follow the links ... may well have a DROP this time ... or a very small increase.

Fingers crossed.

*Edited page number

Unless I'm missing something, I don't see what the luck in finding blocks has to do with the size of the payout queue.  Worse luck means fewer payouts but it also means less BTC credited so that should balance out.

[mdude77]

I agree, I think the payout queue is larger and longer than it should be.

M

[Bitskint]

What's the deal with the payout queue recently?  It's usually at most 3-4 days to get to the top (which conviently is about how long it takes my 2 S1s to mine my 40 TBC minimum.)  Now I've hit my minimum and it's been over 4 days since my last payout and I'm still 14 blocks down on the queue  

It worries me a little bit because it seems the pool is increasing its "debt" when logically that shouldn't be.  The BTC in the payout queue should have all been earned and are now owed to the miners.  We're not taking about shelved shares here, these are BTC that have already been mined.

Say the pool shuts down tomorrow (not saying it will but bear with me.)  What happens to all the miners who have a balance on their account?  Obviously new blocks won't be mined so we can't be paid out the traditional way.  Do you have enough BTC in cold storage to pay everyone off?  Right now there's a staggering 571.77 BTC in the payout queue and that's not even counting the miners who haven't hit their minimum.  Furthermore, how does the cold storage wallet get paid?  Do you send off a percentage of each new block to it?  Or is it only credited when the payout system goes into "fallback" mode?

This just confuses me because the point of the CPPSRB system is that there will never be more BTC in shares credited than what the pool actually mines.  Yet it seems the "debt" in the payout queue continues to grow and we're at the mercy of the miners tomorrow to pay off what we mined yesterday.

Eligius and most "like" pools are all in the same boat.
Most miners have had a delay over the last few days - mine for a start took 5 days or so - when it should have taken 2-3.

It's all down to that four letter word...

Suck ......Muck......Duck.....Buck.....%uck ---**nope** --- its LUCK

On the bright side, all this bad luck is having a possitive effect on the next difficulty increase due in 6-7 days
Read the posts on page 140 of this thread and follow the links ... may well have a DROP this time ... or a very small increase.

Fingers crossed.

*Edited page number

Unless I'm missing something, I don't see what the luck in finding blocks has to do with the size of the payout queue.  Worse luck means fewer payouts but it also means less BTC credited so that should balance out.

I had a feeling you were going to come back and say that

I know it is effected by LUCK, because it screws with the payout queue.
There is info about it in previous posts.

Something along the lines of people jumping in front of you when their older due payout reaches a max
time frame --

best go read the earlier posts,  I am not the best person to explain it tbh

I wonder if the work WK is doing to the servers  over the last few days has anything to do with it also ?
I know as I type there is 2 block found not on stats list yet ( I know there is a notice on stats  not up to date atm )

***518
***523

[wizkid057]

Greetings Eligius Miners,

So, been working on some backend updates for Eligius.  Made some progress.

The web server and stats and the like are all using a standalone dedicated database server for the stats.  This should improve stats performance and eliminate some of the nonsense that happens with them for now.

Also working on getting the pool servers a little more balanced now that I have some longer term performance data on the current machines.  Should help with some of the connectivity issues some people have reported.

[raskul]

in the end i was just waiting too long for my payouts 

[wizkid057]

Did forget to mention that yes, stats are behind and catching up from the time I started the database migration.  Looks like it will only be about a couple more hours.

[ncourtois]

the attacker does not gain any direct benefit by performing the attack

Hi guys,

It is NOT true that the attacker cannot benefit from such an attack!

In our paper published 6 months ago we explain how to make block withholding attacks PROFITABLE.
It is very very simple and gains can be quite substantial in practice, see:
http://arxiv.org/abs/1402.1718