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Author Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers  (Read 829565 times)
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CYPER
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January 09, 2014, 10:00:45 PM
 #5421

Ghash.io owns the private part.  Buying it on cex.io doesn't mean you own it unless you trade it for physical hardware.  They get the best of both worlds, they own/control the hardware, while people pay more than it will ever mine on cex.io. But if they weren't selling it for amounts above what it can ever produce, they'd still own that hash rate and have it mining for themselves.

So am I wrong to assume that the hashrate of their own hardware has remained fairly the same, while the the share of the independent miners has increased?

They also charge a "maintenance fee" on the cloud mining that is far greater than the actual cost to maintain it.

That can be also said for BTCGuild too. Just stating the obvious  Wink

That pie chart has always been useless.  BTC Guild is ~25% of network hash rate.  24-hour, hell, even 4-day charts are USELESS because they are heavily influenced by luck.  http://blockorigin.pfoe.be is accurate for BTC Guild's share of the network over the last 2 weeks.  Still influenced by luck, but SIGNIFICANTLY more accurate than blockchain.info.

The stats on that website are based on the past 10-12 days, which does not show the current position of the pools.
I don't think Ghash.io controls only 30.85% of the network, because people would not be freaking out if they did.
Unfortunately there is no way to predict the current total hash rate of the network as it is based on solved blocks, which in turn is skewed based on luck.

What do you think are the real current percentages of the top 2 pools?


BTC Guild is ~25%.  GHash.io is in the upper 30s, possibly 40.  BTC Guild's percent of publicly available hashrate (private farms decrease the network share of all public hashrate pools) has not changed in months.

Fair enough.
It is just that from a regular person point of view Ghash.io growth seems much bigger than any other pool and so people are freaking out.
I would also assume you have no plans to reduce fees, which is your own personal choice of course, so it will be interesting at least for me to see how this will play out.

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January 10, 2014, 12:51:17 AM
 #5422

Also back in 2011 there was no pool even close to DeepBit size that was free.

That's kind of my point.

From what I can piece together Ghash is NOT a free pool.

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?
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January 10, 2014, 12:57:07 AM
 #5423

Also back in 2011 there was no pool even close to DeepBit size that was free.

That's kind of my point.

From what I can piece together Ghash is NOT a free pool.

According to this, they are:

https://ghash.io/ghashio_press_release.pdf

Fee free pools worry me. If you're not knowingly paying for a service, you still end up paying for it - you just don't know what the terms are.

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January 10, 2014, 01:10:10 AM
 #5424

There's always P2Pool nodes if you guys are looking for No Fee/Free pools... if you can stand the extreme variance.

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January 10, 2014, 01:59:10 AM
 #5425

Once the new backend is deployed, the next project on the list is something that's been mentioned in IRC a few times:  Scrypt Guild.

Woohoo!  Multipool will get competition?  It sure needs it!

M

"Scrypt Guild Alpha" is *hopefully* going to be up this weekend, likely just for pure LTC.  But the goal is automatic profit switching among a variety of scrypt coins.  A part of this Stratum Rewrite involves better multi-coin support.  The following is the current list of projects, and expected order:


1) SHA256 Stratum Update
2) Scrypt Guild Alpha (Single Scrypt Coin)
3) SHA256 Merged Mining Update (better NMC support and framework for multiple MM coins like IXC/DVC)
4) Scrypt Guild Beta (Multiple Coin Support, Manual Switching via WebUI)

After that, I'll see which looks faster to implement, DVC/IXC added to BTC Guild, or auto-switching options on Scrypt Guild based on 12-hour weighted average prices.


Ideally, the 4 already identified with a priority will all be complete in under 2 weeks (first two will definitely be done by this weekend), especially with how fast the final pieces are falling into place.
This is really exciting developments. Looks like I might have to dust off those old stacks of GPUs and get involved. Grin Thanks for this news. You might look into ProtoShares too, seems less pump and dump over some of these other Alts.
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January 10, 2014, 02:13:28 AM
 #5426

Also back in 2011 there was no pool even close to DeepBit size that was free.

That's kind of my point.

From what I can piece together Ghash is NOT a free pool.

It is.
And because I am always suspicious of 3rd party claims I like to verify things myself, so I ran my own calculations:

I started mining with them around 3am UK time on 03.01.2014, so in about 1 hour that will be exactly 1 week mining.
My average hashrate is 3200GH/s.
For that 1 week period I have mined 8.54603089BTC exactly (not counting the last 1 hour of the full 1 week), while the calculator says 7.94166635 BTC per week.
So (8.54603089/7.94166635)*100 = 107.6% luck
So all looks good.


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January 10, 2014, 02:35:36 AM
 #5427

Also back in 2011 there was no pool even close to DeepBit size that was free.

That's kind of my point.

From what I can piece together Ghash is NOT a free pool.

It is.

There is no such thing as something for nothing.

As I said they have their own ASIC revenue and they have plenty of "customers" paying them.

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?
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January 10, 2014, 02:39:17 AM
 #5428

Also back in 2011 there was no pool even close to DeepBit size that was free.

That's kind of my point.

From what I can piece together Ghash is NOT a free pool.

It is.

There is no such thing as something for nothing.

As I said they have their own ASIC revenue and they have plenty of "customers" paying them.

They make money from trading on cex.io, so Ghash.io is free from independent miners such as me and many others.

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
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January 10, 2014, 04:24:06 AM
 #5429

eleuthria,

Can you add auto-payouts with splits by percentage?

I think this is a big advantage that gnash-io currently has over every other mining pool. As mining hardware becomes more and more expensive and power hungry, more and more miners will pool resources to acquire hardware. Many miners are not going to be able to run a Neptune at home.

It would be a big benefit to be able to set-up split payouts in the pool and not have to manually manage them.

I would like to see this also.  I've been with Guild for a long time, but the last of my current miners were switched because of the auto pay shares.

Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
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January 10, 2014, 03:36:59 PM
 #5430

all the luck is gone...

DΛRKCOIN -> is now -> DΛSH
----------
not DashCoin, not DarkDash, not anything. The Name has been / is changed the tech stays the same
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January 10, 2014, 05:20:30 PM
 #5431


droptable
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January 10, 2014, 05:35:54 PM
 #5432



;-)

its (not) over 9000

DΛRKCOIN -> is now -> DΛSH
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not DashCoin, not DarkDash, not anything. The Name has been / is changed the tech stays the same
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January 10, 2014, 07:58:24 PM
 #5433



Yeah, not a very nice couple of days.  Funnily, it's almost a perfect inverse of the luck we had from November 8 to November 12.  4 days in a row of +25 to 30%, and now we're at ~3 days of -25 to 30%.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
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January 10, 2014, 09:47:12 PM
 #5434

Well I was thinking we're on a bit of a roll today. Not so much?
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January 10, 2014, 11:34:28 PM
 #5435

Well I was thinking we're on a bit of a roll today. Not so much?

Can't call it a roll yet, but we've finally broken the streak of < 100% shifts.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
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January 10, 2014, 11:40:15 PM
 #5436

Well I was thinking we're on a bit of a roll today. Not so much?

Can't call it a roll yet, but we've finally broken the streak of < 100% shifts.

I cant wait until we are on a roll then  Grin
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January 11, 2014, 12:23:42 AM
 #5437

Anyone else notice their 24 hour earnings drop almost in half the past 2 days or so?

Luck is way down now. Big time.

(24H / 3D / 1W / 2W / 1M): 80.018% / 78.781% / 99.144% / 100.899% / 102.817%

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January 11, 2014, 12:31:26 AM
 #5438

Eleuthria, might you considering lowering your pool fees temporarily to incentivise more people to get off ghash.io and onto your pool ?

Or give loyal customer's that have been mining constantly a late Christmas present?

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January 11, 2014, 05:55:24 AM
 #5439

Well I was thinking we're on a bit of a roll today. Not so much?

Can't call it a roll yet, but we've finally broken the streak of < 100% shifts.

I cant wait until we are on a roll then  Grin

Definitely improving.

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January 11, 2014, 07:25:43 AM
 #5440

any update on scrypt guild. sorry if seeming impatient. just want to have a use for my radeon HD 5450 ( thats supposed to have BFI_INT, but apparently doesnt)

woohoo for 20Khash

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