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Question: Why do you mine on deepbit?
Because everybody mine there
Because I thought it invests the earned money in good anti-DDoS firewall
Because my friend told me
Because it has sound name
Because Tycho is a good man
Are there more pools!!??

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Author Topic: Why do you mine on deepbit?  (Read 7346 times)
Shevek
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October 14, 2011, 07:53:00 AM
 #41

My comparison (ON TOPIC AT THAT) was between Deepbit and BTC Guild ONLY..... 10% vs 7% for PPS payouts.

Are you sure? Don't you remember your own words?

Quote
For those who PPS mine, BTC Guild's PPS Pool is by far the best

So, even if English is not my mother language, I understand the best to be different from better than

Sorry, you've got owned.

Proposals for improving bitcoin are like asses: everybody has one
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October 14, 2011, 09:00:31 AM
 #42

I mine on Deepbit when all the other pools I mine on are down.

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farfiman
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October 14, 2011, 11:12:35 AM
 #43

While Eligus and Ars aren't PPS I have never had a significant fraction of my total earnings in the buffer.  If either of them went bankrupt tomorrow my lifetime loss rate would likely be <1% far cheaper than a guaranteed loss rate of 7% or 10% (in fees).


This Sums it up.  And the Longer you are on a pool like that the lower the total percentage loss would be in case the buffer goes too negative and collapses ( only if the users have no patience) .



"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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October 14, 2011, 01:03:48 PM
 #44

Why do you eat at McD?
Why do you watch TV?
Why do you buy an Iphone?
Why do you use Google?
Why do you drink?
Why do you smoke?
Why do you vote for a mainline party?
Why do you use Facebook?
Why do you code in Java?
Why do you still use USD/EUR?.....

... all different instances of the same phenomena if we were to understand that the world would be a so much better place. Smiley

Hmm...

Each of these can be rationally argued as a valid choice in certain circumstances although I'm surprised by the undue popularity of many of these options.  It seems popularity itself is an attractive quality for an choice or activity for most people.  Perhaps people like the safety in numbers which reduces their need to think critically about such choices and focus on more important matters in their lives.

abracadabra
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November 01, 2011, 01:24:21 AM
 #45

Deepbit miners obviously are the lazy type who do not look around for better possibilities. You could also see that during DDoS. Instead of looking for alternatives the miners went idle and lots of hash power was lost causing the diff to drop pretty heavily in the most recent hours before retarget.

This ^^

It's just human nature.  Many people don't like change or switch.  It's hard enough for most people to setup something like guiminer in the first place, much less cgminer.  Once they got it working.. you want them to go back and switch stuff around to mine somewhere else??

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November 01, 2011, 01:28:32 AM
 #46

Why do you eat at McD?
Why do you watch TV?
Why do you buy an Iphone?
Why do you use Google?
Why do you drink?
Why do you smoke?
Why do you vote for a mainline party?
Why do you use Facebook?
Why do you code in Java?
Why do you still use USD/EUR?.....

... all different instances of the same phenomena if we were to understand that the world would be a so much better place. Smiley
I don't eat at McD. I don't watch TV. I don't have an iPhone. I don't use Google (I use Bing). I don't drink, I don't smoke, I don't vote either. No, I don't use Facebook and I detest java. To be technical, I also don't use USD or EUR.

Maybe I'm just different.
DeathAndTaxes
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November 01, 2011, 01:56:03 AM
 #47

You had me till Bing.  Shocked Shudder.  I tried, I really tried but when a search engine doesn't find things I mean watcha gonna do?
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November 01, 2011, 03:02:59 PM
 #48

"Why do you mine on deepbit?
 Because everybody mine there
 Because I thought it invests the earned money in good anti-DDoS firewall
 Because my friend told me
 Because it has sound name
 Because Tycho is a good man
 Are there more pools!!??"

the poll is very biased. how about cause it is fast, no prop bs (anti hopper,) automated payout.

Also, it Deepbit doesn't partner with criminals to DDoS it's competitors...kidding...just breaking balls...

MT. Red and Eligius also has merged mining which pays more than Deepbit, BTCG!

Eligius is the most profitable *PPS pool hands down.  Deepbit, Simplecoin, Masterpool, NMCbit and Asspennies if you use proportional pools.  Slush for scored mining (kind of sucking atm, not sure why.)

Merged Mining is a biggest factor!
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November 01, 2011, 03:19:17 PM
 #49

the pool is very biased. how about cause it is fast, no prop bs (anti hopper,) automated payout.

Also, it Deepbit doesn't partner with criminals to DDoS it's competitors...

"pool" should be "poll" and deepbit offers both PPS and Prop.

Honestly though, deepbit seems to be a solid pool and is a wise choice for a backup pool.
martychubbs
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November 01, 2011, 03:28:51 PM
 #50

the pool is very biased. how about cause it is fast, no prop bs (anti hopper,) automated payout.

Also, it Deepbit doesn't partner with criminals to DDoS it's competitors...

"pool" should be "poll" and deepbit offers both PPS and Prop.

Honestly though, deepbit seems to be a solid pool and is a wise choice for a backup pool.


Thanks for the correction

Eligius is the best backup pool atm, Ars would be if they merged btc/nmc...

The faster the pool (Deepbit, Ars) the quicker you can profit on the diff. drops....
DeathAndTaxes
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November 01, 2011, 03:36:08 PM
 #51

The faster the pool (Deepbit, Ars) the quicker you can profit on the diff. drops....

No you can't.  Every share has equal expected value.

More hashing power reduces variance. It can't increase the value of a share.
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November 01, 2011, 03:41:38 PM
 #52

people mine on deepbit the same reason anikin skywalker joined up with the emperor..



teukon
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November 01, 2011, 04:06:34 PM
 #53

Thanks for the correction

Eligius is the best backup pool atm, Ars would be if they merged btc/nmc...

The faster the pool (Deepbit, Ars) the quicker you can profit on the diff. drops....

Eligius could be a decent pool right now, it all depends on whether or not the buffer is positive.  Which is "best" though is a matter of opinion.  I suggested deepbit as a sound choice for a backup because the risk and variance are low.

Personally, I prefer yourbtc.net at the moment.  It has merged mining (which seems to be functioning normally), has no fee, and is practically unhoppable (certainly one cannot profit off of the difficulty changes).
cablepair
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November 01, 2011, 04:14:23 PM
 #54

there is no way deepbit is more profitible, I have mine extensively on almost every single pool and I have lost everytime I mined at deepbit


Quote
The faster the pool (Deepbit, Ars) the quicker you can profit on the diff. drops....

thats a myth
CleverMiner
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November 02, 2011, 06:16:47 AM
 #55

I was to post the same, the situation is totally ridiculous,

I began at Slush but got too annoyed giving away 2%, And all of you at deepbit give away 5-7% ?
 WTF ...
Why not downclock your GPU by 75 mhz while at it !!!
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November 02, 2011, 11:02:37 AM
 #56

I was to post the same, the situation is totally ridiculous,

I began at Slush but got too annoyed giving away 2%, And all of you at deepbit give away 5-7% ?
 WTF ...
Why not downclock your GPU by 75 mhz while at it !!!

There could be a number of reasons to mine at a pool with a 5-7% fee:
1) Low variance
2) Reputation
3) Server reliability
4) "They change a fee, they must be good!" thinking
5) Plausibly sustainable business model implies future planning.

It's not anything like downclocking.
os2sam
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November 02, 2011, 01:46:14 PM
 #57

Quote
Why do you mine on deepbit?

I don't.

See avatar.

Which one?  The one with Sigourney Weaver?  Or the Avatar: The Last Airbender.  The latter, the animated series, is far and away the better choice.

But I don't see what that has to do mining at deepbit.
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
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November 02, 2011, 02:11:39 PM
 #58

people mine on deepbit the same reason anikin skywalker joined up with the emperor..

Deepbit has cool uniforms?  I haven't gotten one yet. Sad
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
localhost
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November 02, 2011, 05:21:54 PM
 #59

2 reasons for me:
1. compared to all other pools I tried, that's the one earning me the most, even considering the 3% fee
2. there's no correct PPLNS alternative IMO. There's an okay PPLNS pool, but I find its N too small: by the time I used to mine there, I could only mine during the day, and the small N meant that even though it was PPLNS I still wasn't paid if a block was found during the night. Plus it went down a couple of times. So, too much variability (paradoxically, much more variability than with deepbit).
The only pool I'd consider trying now would be a stable enough (uptime) PPLNS pool with N=at least 24h worth of shares.

Additionnally:
Slush has higher fee if you factor invalid blocks, and I really hate that score-based system that was terrible when I was mining with a very unpowerful GPU.
BTC Guild has a history of suspiciously terrible luck. Okay, now that's outdated since they enforce PPS. My new reason for not going there is thus: I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.

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November 02, 2011, 10:04:49 PM
 #60

I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.
Why choose? You get the reduced risk of PPS without a huge fee at Eligius Wink

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