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

[LazyOtto]

However, it is not a LOSS of income, it is simply increasing the range you will see on any given day.

True. In theory.

It depends on luck.

If you're unlucky before a major increase in difficulty and then equally lucky afterwards, you will have a net loss.

And difficulty will be increasing rapidly over the next several adjustments. IMO.

I would welcome oganofcorti to weigh in on that thought.

-- edit

Of course, if you are lucky before instead of after, then "the force" is on your side.

[eleuthria]

However, it is not a LOSS of income, it is simply increasing the range you will see on any given day.

True. In theory.

It depends on luck.

If you're unlucky before a major increase in difficulty and then equally lucky afterwards, you will have a net loss.

And difficulty will be increasing rapidly over the next several adjustments. IMO.

I would welcome oganofcorti to weigh in on that thought.

-- edit

Of course, if you are lucky before instead of after, then "the force" is on your side.

This is true, and is actually why I originally argued that ASICMINER using PPS was a smart move.  However, when referring to share difficulties, it's a different story because you're still doing so many iterations on a GPU that you are likely to drift toward neutral luck in a reasonable time frame.  Assuming a decent GPU (300 MH/s), that's about 1 diff=1 share per 14 seconds.  So a diff 4 share would be about one per minute or 1440 expected diff 4 shares per 24 hours.  That is quite a large sample size, so your percentage drift should be relatively low.  Multiplied over the course of a network difficulty phase, you're highly unlikely to drift far from neutral luck.

[Nemesis]

Is this pool the only pool that works with ASIC?

Wow look at the hashrate,


You effectively have 180x 5 =  900Ghs from the fee.

As the pool get too big, it will be target for DDoS

[beekeeper]

+20THS and rising... +20TH and rising... soon it will be over 51% and all your base will belong to eleutheria!!!111 

[os2sam]

You effectively have 180x 5 =  900Ghs from the fee.

180 what times 5 what? exactly?

[eleuthria]

Is this pool the only pool that works with ASIC?

Wow look at the hashrate,


You effectively have 180x 5 =  900Ghs from the fee.

As the pool get too big, it will be target for DDoS

Half the pool is on PPLNS now, which is a 3% fee (and pays out transaction fees).  Additionally orphans are paid for both PPLNS and PPS, which reduces the effective profit of the pool.  I certainly won't pretend I'm in financial hardship though.  While in the past that was true, the shift to PPLNS acts as an insurance policy, making it virtually impossible the pool can LOSE money over the course of a month, which has certainly happened in the past due to bad luck+PPS.

Obviously many other pools work with ASICs, but for some reason BTC Guild has an extremely large following in China, which has given us a near-monopoly status on the first Avalons to reach customers.  I'm very hopeful that as more units arrive overseas we'll see other pools getting growth and reducing BTC Guild's percentage of the network.  We're already seeing some of that with HHTT and Slush, which bave both seen large growth in the last 2 weeks.

I also believe ASICMINER is about to start putting more units online, and they will likely be putting that speed on OzCoin (they used to split ~66%/33% Guild & OzCoin, but went 100% on Guild after the hard fork event).

[zif33rs]

What are we now(total network strenth), over 55 TH/s now? BTCG is 20 TH/s atm. Just looking at the charts BTCG has stayed roughly around 36%. I think by years end 100 TH/s is a real possibility. That being said as more ASIC's come online and the network hash increases I think it will balance out. My main concern is the unknowns out there not a reputable pool gaining a majority of the network strength.

Do the pools have quick enough communication to "band" together to defend the network from attack? Judging from what happened a few weeks ago I like to think yes. If not some sort of protocol should be implemented.

[eleuthria]

What are we now(total network strenth), over 55 TH/s now? BTCG is 20 TH/s atm. Just looking at the charts BTCG has stayed roughly around 36%. I think by years end 100 TH/s is a real possibility. That being said as more ASIC's come online and the network hash increases I think it will balance out. My main concern is the unknowns out there not a reputable pool gaining a majority of the network strength.

Do the pools have quick enough communication to "band" together to defend the network from attack? Judging from what happened a few weeks ago I like to think yes. If not some sort of protocol should be implemented.

I'm sure pools and developers in a time of crisis could band together if there was an attack on the network.  Unfortunately, the act of doing so brushes heavily against the concepts Bitcoin is based on.  It is a centralized effort.  People were mad that we decided to save the Blockchain during the hard fork, simply because it was a decision made by a relatively small group, even if it's basically impossible to legitimately argue that the decision was the wrong one [Split the network in 2 without notice, or repair the network and put it back together by downgrading, not a hard choice].

However, I doubt that will ever be needed.  The 'Unknown' portion of the network is actually extremely small, only ~10% of the last 2016 blocks: http://blockorigin.pfoe.be/chart.php

[eleuthria]

Pool running stable - Check
Website not running like a amputee tortoise - Check
Wallet not being drained by error in code - Check
Nobody complaining because luck is good - Check


I think for the first time in a few months, the pool is not requiring 24/7 supervision/updates!  Which means we might be able to start having some fun.  In the past, some pools have run contests, generally lottery types for something like a GPU.  I think these days, a GPU seems pretty...pointless, and unfortunately ASICs aren't exactly readily available.  Not to mention it's a pretty loaded competition:  Either you distribute it by hashpower, which puts ASIC owners at a huge advantage, or you do a random draw, which just makes people form multiple accounts.


So how about we look at something more skill based, and probably more fun for everybody involved than a boring raffle?  New poll is up asking what game(s) you'd like to see in a BTC Guild ladder competition.  How spots are decided is not yet finalized, but I'm hoping to let as many people as possible into it.  At the very least, everybody should have a good time!


EDIT:  Dang, apparently you can't add a multi-vote poll to a thread after it has been created, only allowed to make one vote .

[k9quaint]

I vote for Dwarven Fortress

[Naelr]

I voted other because I have 2 of those 4 and only play LoL and Starcraft 2 so how about since you would have to buy a game anyway some steam credits!  Or you could just purchase a game (up to certain amount) for someone on steam as a gift!

Naelr

[mithrandi]

If I understand correctly, this isn't about giving away a copy of a game, it's about having some kind of competition (eg. SC2 1v1 ladder) in the chosen game.

[eleuthria]

It probably was not clear since the original post was pushed back a page. Right now the idea is to have an online competition for members. Something mostly for fun but with a few prizes thrown in. I would like to make it something regular if it is well received. At the very least it is a way to get to know some of your fellow miners outside of the Bitcoin environment.  It may even be a long term competition where we can keep an internal ladder/ranking system. It all depends on reception and time available.

This isn't a game giveaway, but asking members which of those games they would enjoy competing in the most.

[Naelr]

Oops.. so sorry then I vote Starcraft 2... rather then other!

[julz]

I see a payout on my btcguild account for 1BTC  at 2013-03-23 08:58:11 AM
Wondering why I wasn't seeing it in my wallet by now - I look at the 'Transaction Link' for it, and it links to:
http://blockchain.info/tx-index/12039 

Anyone know what this means?

[thorvald]

there seems to be a problem with the pool
i can`t add new wallet adress to my account
it says it is invalid

[beekeeper]

I see a payout on my btcguild account for 1BTC  at 2013-03-23 08:58:11 AM
Wondering why I wasn't seeing it in my wallet by now - I look at the 'Transaction Link' for it, and it links to:
http://blockchain.info/tx-index/12039 

Anyone know what this means?

same

[julz]

Hmm.. another payment failed to come through. 
This one linked to: http://blockchain.info/tx-index/12044

[plasticAiredale]

So have we really not found a block in the last 6 hours? Did I miss something? Should I panic? Alert the BTC Police!

[AlexUAR]

I can't withdraw btc to my wallet.
Transaction link refer to http://blockchain.info/tx-index/MANUAL_VERIFY.
Can anybody help?