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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 7347 times)
teukon
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November 02, 2011, 11:34:03 PM
 #61

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 Okay, now that's outdated since they enforce PPS.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.

If you like the idea behind PPLNS but dislike the high share-variance inherent to using a small value of N then perhaps consider trying a pool with using the double-geometric method such as eclipsemc.com or yourbtc.net.  Both of these pools have merged mining and 0% fee.  I can't speak for eclipsemc.com but yourbtc.net has been enjoying good luck in the last few days on both blockchains.
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os2sam
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November 03, 2011, 03:31:14 AM
 #62

Why are you all so Anti-Deepbit?
Just wondering,
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?
finway
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November 03, 2011, 03:32:28 AM
 #63

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
^ this.

Luke-Jr
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November 03, 2011, 03:39:07 AM
 #64

Why are you all so Anti-Deepbit?
It is a threat to Bitcoin, since it is close to (and has at times even attained) the 50% required to compromise the security of the network.

os2sam
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November 03, 2011, 03:45:49 AM
 #65

Why are you all so Anti-Deepbit?
It is a threat to Bitcoin, since it is close to (and has at times even attained) the 50% required to compromise the security of the network.

So you think Deepbit is plotting to take over the Bitcoin network?  To what end?
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?
os2sam
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November 03, 2011, 04:12:11 AM
 #66

Why are you all so Anti-Deepbit?
It is a threat to Bitcoin, since it is close to (and has at times even attained) the 50% required to compromise the security of the network.

Just because Deepbit may have had the ability, which has not been proven, it doesn't mean it has the intent to compromise the network.  If one really wanted to do what you suggest they wouldn't do it publicly, they would do it stealthily.

Anyway success doesn't equal nefarious intent.
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?
Jack of Diamonds
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November 03, 2011, 05:28:46 AM
 #67

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.

There are 0% PPS pools like abcpool.co which means you have zero risk as well as zero fees.
If you don't mine in such a pool then you either support other models for ideological reasons, or like to earn less money for some masochistic reason.

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
os2sam
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November 03, 2011, 05:46:57 AM
 #68

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.

There are 0% PPS pools like abcpool.co which means you have zero risk as well as zero fees.
If you don't mine in such a pool then you either support other models for ideological reasons, or like to earn less money for some masochistic reason.

With PPS, fee or no fee, you mine at a flat rate.  So if, so called, luck is good you loose if it is bad then you win or least break even.

What do you call "ideological reasons"?

You get what you pay for.  There is no such thing as a free ride.
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?
finway
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November 03, 2011, 06:31:01 AM
 #69

this simple, just habbit, people don't like change.

localhost
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November 03, 2011, 06:54:23 AM
 #70

Why choose? You get the reduced risk of PPS without a huge fee at Eligius Wink
What os2sam re-explained about PPS and keeping luck to oneself. On a side note Eligius really has some really messy site.

-
finway
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November 03, 2011, 06:56:00 AM
 #71

Why choose? You get the reduced risk of PPS without a huge fee at Eligius Wink
What os2sam re-explained about PPS and keeping luck to oneself. On a side note Eligius really has some really messy site.

I think Eligius is really cool, different taste.

localhost
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November 03, 2011, 07:07:14 AM
 #72

If you like the idea behind PPLNS but dislike the high share-variance inherent to using a small value of N then perhaps consider trying a pool with using the double-geometric method such as eclipsemc.com or yourbtc.net.  Both of these pools have merged mining and 0% fee.
From the eclipsemc.com FAQ: "We are currently employing a modified proportional system with a score based system coming online very shortly." They don't say how that proportional system is modified. And then score-based looks just like Slush.
From the yourbtc.net FAQ: they explain that the value per share decreases progressively over time. That's just like Slush, except that the decay is over a set number of shares instead of a random one. What I like with PPLNS is that shares don't decay, they either count at their full value or don't count at all if we're past N.

-
freakfantom
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November 03, 2011, 07:36:15 AM
 #73

I started to mine on deepbit, but quickly realised that there are many pools who pay more and use advanced methods to calculate your reward. Just look at https://en.bitcoin.it/wiki/Comparison_of_mining_pools
ZPK
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November 03, 2011, 08:16:10 AM
 #74

why this http://pool.itzod.ru/ pool did not found on your link?(

Novacoin POS mining only now
bitlane
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November 03, 2011, 08:29:11 AM
 #75

why this http://pool.itzod.ru/ pool did not found on your link?(
Looks pretty localized. Is there a support thread on this forum for it ?

ZPK
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November 03, 2011, 08:42:50 AM
 #76

https://bitcointalk.org/index.php?topic=44024.0 ... guys do not read/write on eng topic....and information can be old.
https://bitcointalk.org/index.php?topic=25127.0 ... rus topic.

support can be found in jabber. cool )

Novacoin POS mining only now
Eveofwar
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November 03, 2011, 08:46:20 AM
 #77

https://bitcointalk.org/index.php?topic=44024.0 ... guys do not read/write on eng topic....and information can be old.
https://bitcointalk.org/index.php?topic=25127.0 ... rus topic.

support can be found in jabber. cool )

Code:
javascript:var%20t=((window.getSelection&&window.getSelection())||(document.getSelection&&document.getSelection())||(document.selection&&document.selection.createRange&&document.selection.createRange().text));var%20e=(document.charset||document.characterSet);if(t!=''){location.href='http://translate.google.com/?text='+t+'&hl=en&langpair=auto|en&tbb=1&ie='+e;}else{location.href='http://translate.google.com/translate?u='+encodeURIComponent(location.href)+'&hl=en&langpair=auto|en&tbb=1&ie='+e;};


^^ translate current page to English Wink
ZPK
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November 03, 2011, 08:59:25 AM
 #78

?main of pool?.... if yes.....switch languages ​​on top (RU/EN) Google translate do not need.

Novacoin POS mining only now
Eveofwar
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November 03, 2011, 09:03:42 AM
 #79

?main of pool?.... if yes.....switch languages ​​on top (RU/EN) Google translate do not need.

http://pool.itzod.ru/faq.html

The FAQ...a pretty important section, has no English version.  Google translate = win.
Balthazar
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November 03, 2011, 09:30:38 AM
 #80

Quote
The FAQ...a pretty important section, has no English version.  Google translate = win.

I have some health problems at the moment. I'll translate this page, when I'll feel better.

P.S. GT is the generator of nonsense, and is not an option. Roll Eyes

novaco.in | VMWare VMHGFS driver for 3.19.x kernels | Ukrainian translation for Novacoin [Done]
฿: 1GV8D5SRkA3cPccpYhVc2wMkjwz3UREEpy: 4RgnHWtnJWEyMhqhDdazW3Hdr7cx5ybF6i
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