[CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers

[BrandonMcPherson]

Guys, don't just sit here. Go find some blocks :p

I have an abacus at work even now.

#FingerHash

http://www.coinion.com/2013/12/11/child-labor-bitcoin-mines-exposed/

You laughed, but it clearly worked.

#BlockFound

[1714260090]

1714260090

[1714260090]

1714260090

[1714260090]

1714260090

[flounderella]

Guys, don't just sit here. Go find some blocks :p

I have an abacus at work even now.

#FingerHash

http://www.coinion.com/2013/12/11/child-labor-bitcoin-mines-exposed/

You laughed, but it clearly worked.

#BlockFound

Unbelievable! Long live the abacus hehe

[-ck]

BTC Guild is approximately 1/6th - 1/5th the network.  The entire network has periods with > 1 hour between blocks.  A 6 hour block is not unexpected for 1/6th - 1/5th the network.  It happens.  As a matter of fact, it happens probably more than once a month (both for the whole network and for the pool).

See Eleuthria, this is what you're really paid for - explaining luck and variance at least 30 times per day.

[PatMan]

Then he's underpaid......

[BrandonMcPherson]

BTC Guild is approximately 1/6th - 1/5th the network.  The entire network has periods with > 1 hour between blocks.  A 6 hour block is not unexpected for 1/6th - 1/5th the network.  It happens.  As a matter of fact, it happens probably more than once a month (both for the whole network and for the pool).

See Eleuthria, this is what you're really paid for - explaining luck and variance at least 30 times per day.

And it's one of the things that makes him such a good pool operator. Variance is a very difficult thing for many people to grasp, and on top of that, new people come along every day. Rather than treating what has to be the nth time someone asks about it or complains about it erroneously (it's possible to whine about variance while still understanding it!), Eleuthria answers the questions courteously and professionally.

Such aplomb from someone so young is rare, especially when you consider the wild west atmosphere that is the Bitcoin community. To recognize that it is not the fault of the new person asking, or even the repeat asker who doesn't understand, that the question has been answered many times before requires insight and patience few have.

Or so say I from my Throne of Judgement™.

[ak49er]

3 month luck is finally under 100% .  First time it's ever happened.  I did add a 6-month luck figure now that we actually have 6 months of luck history stored.  Then again, expectation states it should be above and below 100% in roughly even amounts of time (averaging out to neutral over an infinite length of time).  I suppose the bright side is we had our good luck when difficulty was lower, which puts long term earnings above expectation by a decent margin for users that were around during those times.

I thought the whole point was that the expectation was that it would be more profitable than PPS over time?  So while it's not unexpected to see it dip below 100% it's not necessarily going to even out over time, or is it?

I don't hold much store by luck as there's sod all I can do about that, so I just collect my coins at the end of the day and count what I have, and don't count what I don't have.

Edit:  Just realized that I may have had a longstanding misconception about the luck chart.  I was under the impression that it was a comparison of PPLNS against PPS.  Can I get a refresher course please? 

[eleuthria]

3 month luck is finally under 100% .  First time it's ever happened.  I did add a 6-month luck figure now that we actually have 6 months of luck history stored.  Then again, expectation states it should be above and below 100% in roughly even amounts of time (averaging out to neutral over an infinite length of time).  I suppose the bright side is we had our good luck when difficulty was lower, which puts long term earnings above expectation by a decent margin for users that were around during those times.

I thought the whole point was that the expectation was that it would be more profitable than PPS over time?  So while it's not unexpected to see it dip below 100% it's not necessarily going to even out over time?

I don't hold much store by luck as there's sod all I can do about that, so I just collect my coins at the end of the day and count what I have, and don't count what I don't have.

100% luck is significantly better than the old PPS.  For the old PPS to be better, luck had to be approximately 95.5% or less, assuming 0 transaction fees and 0 namecoins.  I think that's one thing a few people failed to understand.  Luck wasn't measured against the 7.5% PPS, it was/is measured against 3% PPS (AKA:  Perfect neutral luck minus 3% pool fee).  If the pool finds *exactly* as many blocks as expected for the shares submitted, you'd have "100% luck".

[ak49er]

100% luck is significantly better than the old PPS.  For the old PPS to be better, luck had to be approximately 95.5% or less, assuming 0 transaction fees and 0 namecoins.  I think that's one thing a few people failed to understand.  Luck wasn't measured against the 7.5% PPS, it was/is measured against 3% PPS (AKA:  Perfect neutral luck minus 3% pool fee).  If the pool finds *exactly* as many blocks as expected for the shares submitted, you'd have "100% luck".

Thanks!  You answered while I was editing my post.   I was indeed wrong in my understanding of what was being measured.

[joeofall]

10 hours only 2 block found~!!

Block we are here don't go some where else!!! 

[BrandonMcPherson]

::click click slide click click click::

[organofcorti]

@ eleuthria: How do you average your luck - do you take average[1 / (submitted/expected)] over time, or 1 / [average (submitted/expected) ] ?

[BrandonMcPherson]

#BlockFound

[ak49er]

So very rough rule of thumb - if we're approx 1/6 of the network, and the network is hitting 6 blocks/hr, we should be getting 1 block/hr on average, so 10 blocks per closed shift give or take.  20 and we can jump for joy, 2 and we have to remind ourselves of the 20.  

[joeofall]

 

Hey Block come here!! we had candy for u!! lol 

[BrandonMcPherson]

Gulp! That's a new daily low since I've been here. 54.837%...

::dropkicks abacus::

Back to something more productive, like crossing my fingers.

[ManeBjorn]

I hear you there.  We need to recruit more miners.  That is one thing to help variance.
Fingers crossed but not testicles that hurts too much.  LOL
Forget the abacus I am going to work with counting stones, maybe that way I can help stop the variance.

Gulp! That's a new daily low since I've been here. 54.87%...

::dropkicks abacus::

Back to something more productive, like crossing my fingers.

[bitcoin_miner]

Approximate Pool Luck* (24H / 3D / 1W / 2W / 1M / 3M / 6M): 54.837% / 83.785% / 85.667% / 88.272% / 95.374% / 99.645% / 101.365%

[joeofall]

GIve more candies to BLOCK, they like candies lol!! 

[hurricandave]

     I just hope the major meltdown at Blockchain isn't influencing this turn of bad luck.

[joeofall]

hmm i can't say yes, but lucky do went down when blockchain went down!! lol