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Author Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers  (Read 894881 times)
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xZork
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March 15, 2014, 11:39:32 PM
 #6321

Sucks I just started mining a couple days ago, went with you and now I'm looking for another pool because I just can't mine without a steady pay. Hope everything works out.

This has happened before and it always bounces back.

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hurricandave
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March 15, 2014, 11:40:34 PM
 #6322

   I see, ever since you removed PPS from the Leader board Stats Page, its been kinda impossible to see what the earning comparison was. ie. PPS at 35% of total pool vs. another day where it runs at 48%. Maybe a sort of parabolic curve could be put together where a sustained run of bad pool luck could hedge down the PPS rate to help reduce the overall loss. I stick with PPS for the day to day consistency, I wouldn't mind if the losses needed to be spread out to protect the pool.
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March 16, 2014, 12:46:53 AM
 #6323

FWIW, I think this is a good move for a number of reasons, not least of which is the streamlined marketing message the lack of a high-fee PPS choice provides.

On the off-chance there is pushback, it will be a non-issue with days or a couple of weeks.
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March 16, 2014, 01:04:15 AM
 #6324

O.k. so since I am now on the PPLNS method, do I need to set up a Namecoin wallet ASAP? I have very little hash rate, so it could be a long while before I would even be able to sniff at planning a payout. and since ScryptGuild has brought auto-convert to BTC, will you consider making that possible between Namecoin on BTCGuild?
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March 16, 2014, 01:39:03 AM
 #6325

O.k. so since I am now on the PPLNS method, do I need to set up a Namecoin wallet ASAP? I have very little hash rate, so it could be a long while before I would even be able to sniff at planning a payout. and since ScryptGuild has brought auto-convert to BTC, will you consider making that possible between Namecoin on BTCGuild?

You don't need a Namecoin wallet to earn them, they automatically accrue regardless.  You can set the wallet to an exchange (generally BTC-e) and trade them for BTC there.  I'm not planning on any auto conversion of NMC on BTC Guild.

RIP BTC Guild, April 2011 - June 2015
hurricandave
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March 16, 2014, 02:00:29 AM
 #6326

   Well, with this shift at eliminating PPS, maybe when you update the support page at the website you could put in a no-nonsense guide to "Best Practices" with your wallet and a couple more direct links to say the exchanges like BTC-e or Coinbase. I have already come across poser sites that try to steal from people by emulating what they thought was the right site they were looking for. ie. the fake Bitmain site taking fake orders for real money from people who thought they were buying Antminer S1's. Bitmain is still dealing with irrate customers that placed orders with the thieves.
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March 16, 2014, 02:17:55 AM
 #6327

   Well, with this shift at eliminating PPS, maybe when you update the support page at the website you could put in a no-nonsense guide to "Best Practices" with your wallet and a couple more direct links to say the exchanges like BTC-e or Coinbase. I have already come across poser sites that try to steal from people by emulating what they thought was the right site they were looking for. ie. the fake Bitmain site taking fake orders for real money from people who thought they were buying Antminer S1's. Bitmain is still dealing with irrate customers that placed orders with the thieves.

While that is an excellent idea, you will find that NMC difficulty is almost as high as BTC difficulty.  That means your NMC earnings per qty will be about the same as your BTC.  The thing is, NMC is worth about 0.5% of BTC.  In other words, yes, you'll be able to exchange them... but you've got plenty of time to figure out where when and how. 

M

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March 16, 2014, 02:21:22 AM
 #6328

   Well, with this shift at eliminating PPS, maybe when you update the support page at the website you could put in a no-nonsense guide to "Best Practices" with your wallet and a couple more direct links to say the exchanges like BTC-e or Coinbase. I have already come across poser sites that try to steal from people by emulating what they thought was the right site they were looking for. ie. the fake Bitmain site taking fake orders for real money from people who thought they were buying Antminer S1's. Bitmain is still dealing with irrate customers that placed orders with the thieves.

I'm planning a few overhauls to the support sections in the next few days, to provide slightly more information about aspects other than strictly mining.  I did update the How Am I Paid section to reflect the removal of PPS, and added a section that explains the "charge up / wind down" phases of PPLNS to help people understand why they don't make much per block when they first start, and why they keep getting paid after turning off.

RIP BTC Guild, April 2011 - June 2015
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March 16, 2014, 02:26:37 AM
 #6329

Umm, just to ask, when I was using the PPS method, a portion of my hash work was probably still contributing to the pool generating namecoin, even though I was getting paid a flat rate per share in BTC?
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March 16, 2014, 02:49:14 AM
 #6330

Umm, just to ask, when I was using the PPS method, a portion of my hash work was probably still contributing to the pool generating namecoin, even though I was getting paid a flat rate per share in BTC?

Correct, sort of.  Merged mining doesn't siphon off part of your hash rate for NMC.  Merged mining has *0* impact on how much hash you're pushing towards Bitcoin.  The pool was always merged mining whether you were PPLNS or PPS.

RIP BTC Guild, April 2011 - June 2015
iglasses
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March 16, 2014, 03:18:58 AM
 #6331

O.k. so since I am now on the PPLNS method, do I need to set up a Namecoin wallet ASAP? I have very little hash rate, so it could be a long while before I would even be able to sniff at planning a payout. and since ScryptGuild has brought auto-convert to BTC, will you consider making that possible between Namecoin on BTCGuild?

Dave I'm not sure how much you are throwing but I'm close to 1THs and I am earning about .15 NMC per day (.50c) so it isn't something you need to be *too* worried about.

I only have a signature because I'm allowed.
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March 16, 2014, 04:00:35 AM
 #6332

O.k. so since I am now on the PPLNS method, do I need to set up a Namecoin wallet ASAP? I have very little hash rate, so it could be a long while before I would even be able to sniff at planning a payout. and since ScryptGuild has brought auto-convert to BTC, will you consider making that possible between Namecoin on BTCGuild?

Dave I'm not sure how much you are throwing but I'm close to 1THs and I am earning about .15 NMC per day (.50c) so it isn't something you need to be *too* worried about.
  Just was unsure if I needed a wallet address to activate the Namecoin account? Not sure if I worded that right. I had a BTC wallet address already when I created my user account. Didn't want to find out down the road that since I did not have a Namecoin wallet address "Set" in the account field that the Namecoin earnings were discarded because the account was incomplete.
BrandonMcPherson
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March 16, 2014, 04:58:18 AM
 #6333

Just was unsure if I needed a wallet address to activate the Namecoin account? Not sure if I worded that right. I had a BTC wallet address already when I created my user account. Didn't want to find out down the road that since I did not have a Namecoin wallet address "Set" in the account field that the Namecoin earnings were discarded because the account was incomplete.

It just accumulates until you give it a Namecoin wallet address and designate an automatic payout level. Personally, I set up an account at BTC-E and had it sent directly there. I then sold it for BTC and withdrew it.
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March 16, 2014, 05:31:23 AM
 #6334

I have mine sent over to Bter. 
You are right it is a good way to do it.


Just was unsure if I needed a wallet address to activate the Namecoin account? Not sure if I worded that right. I had a BTC wallet address already when I created my user account. Didn't want to find out down the road that since I did not have a Namecoin wallet address "Set" in the account field that the Namecoin earnings were discarded because the account was incomplete.

It just accumulates until you give it a Namecoin wallet address and designate an automatic payout level. Personally, I set up an account at BTC-E and had it sent directly there. I then sold it for BTC and withdrew it.

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March 16, 2014, 07:07:43 AM
 #6335

   So now I am trying to figure out how the PPLNS charts work. Maybe this isn't a fair comparison but it looks like a shift needs to achieve 11 blocks before it closes to equal what PPS "was" paying per share? Good Lord, thats alot!
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March 16, 2014, 09:06:23 AM
 #6336

The first thing to remember, hurricanedave, is that over the long term, PPLNS always pays better than PPS. If that isn't clear yet, keep asking questions until it is!

When BTC Guild finds a block, the Bitcoins and fees (minus 3%) get distributed evenly to the most recent 10 open shifts. Each of those shifts get 10% of that block. I'm not sure if your 11-blocks-per-shift number is accurate, but when Lady Luck doesn't have us bent over a barbed wire fence, getting 11 blocks per shift before that shift closes is a matter of course.

In fact, it's usually higher. Each shift is receiving payouts for roughly 8.5-10 hours, and at neutral luck we get just over 2 blocks per hour.

As you close out shifts during the next several hours, you'll see your earnings rise!

I trust that someone who understands this stuff better will correct anything I got wrong.

Lastly, don't judge PPLNS by current results. The last week's bad luck is epic in scope. For anyone looking at this in the future, don't judge PPLNS when we have our run hot on, either. Smiley

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March 16, 2014, 09:18:43 AM
 #6337

I have FAITH in the long term results, but am trying to find my quick look reference points that give me ball park baseline comparison to what I have been using.
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March 16, 2014, 09:33:15 AM
 #6338

A lot of what's hurting is too is the act that ghash has around 9Ph.

 
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March 16, 2014, 09:42:29 AM
 #6339

A lot of what's hurting is too is the act that ghash has around 9Ph.


 IF ONLY it were that easy!!! Roll Eyes
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March 16, 2014, 09:52:31 AM
 #6340

A lot of what's hurting is too is the act that ghash has around 9Ph.


 IF ONLY it were that easy!!! Roll Eyes
Oh I know there's more to it than that but thats a good chunk of it IMO.

Edit: Here's what my sad stats look like, with 30+ blocks a day like we should be doing, I avg 0.03 a day...


 
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