Why do you mine on deepbit?

[Transisto]

For my part I have been lurking at all pools for quite a while and only lately been able to figure out what % deepbit fee was for PPS.

I don't know why "only lately" you have been able to figure you that DB charges a 10% PPS fee.  Tycho has posted several times to DB customers that the fee is 10%.  So the information in % was and is freely available to DB miners.  And the actual price has *always* been available on the main page.

I haven't mined PPS on DB in months.  But I do still mine proportional there when the luck is good.  Like today.
Sam

I do not care how obvious it was for you to find it among the various comment on this forum, (are you serious ?)

I am not personally feeling mislead, I'm just pointing out that The information provided on the main page is intentionally misleading and it is obvious a large part of DB miners don't know about it.

Ps: There is no way to tell when luck will be good...(are you serious ?)  F... why even bother ..

[os2sam]

For my part I have been lurking at all pools for quite a while and only lately been able to figure out what % deepbit fee was for PPS.

I don't know why "only lately" you have been able to figure you that DB charges a 10% PPS fee.  Tycho has posted several times to DB customers that the fee is 10%.  So the information in % was and is freely available to DB miners.  And the actual price has *always* been available on the main page.

I haven't mined PPS on DB in months.  But I do still mine proportional there when the luck is good.  Like today.
Sam

I do not care how obvious it was for you to find it among the various comment on this forum, (are you serious ?)

I am not personally feeling mislead, I'm just pointing out that The information provided on the main page is intentionally misleading and it is obvious a large part of DB miners don't know about it.

Ps: There is no way to tell when luck will be good...(are you serious ?)  F... why even bother ..

If people telling the truth is misleading to you then you need to go back on your meds.

And you can tell what the luck is, albeit after the fact, it is a gamble on weather it trends up or down and I understand that you can't tell what the luck (I really don't like that term) is going to be from one round to the next.  But today it was pretty good on Deepbit and Ozco.

I'm going back into my timeout corner now.
Sam

[RandyFolds]

I'm going back into my timeout corner now.
Sam

If you are good, we can have popcorn later!  (And eat it while reading threads filled with people arguing about which BIP is best!)

I don't want to read anything that isn't unreadibly bolded.

[bittenbob]

Solution to the 10% PPS. Mine proportional, it's what I have always done.

I have switched back to Deepbit because I don't think BIP 16 and 17 are ready for the real world bitcoin network.

What is mildly depressing is that I looked at the advanced settings and apparently I have found 1 block. I only received 6BTC as payments since that's all I earned proportionally at Deepbit while I was there before. I was extremely lucky but it looks like that luck went to the users and operators of the pool. If I were to attempt to solo mine now it would be months before I found a block. Sigh.

[RandyFolds]

I'm going back into my timeout corner now.
Sam

If you are good, we can have popcorn later!  (And eat it while reading threads filled with people arguing about which BIP is best!)

I don't want to read anything that isn't unreadibly bolded.

That's it. You're going to bed without your bacon wrapped hotdog.

I'd rather die.

[PatrickHarnett]

Solution to the 10% PPS. Mine proportional, it's what I have always done.

I have switched back to Deepbit because I don't think BIP 16 and 17 are ready for the real world bitcoin network.

What is mildly depressing is that I looked at the advanced settings and apparently I have found 1 block. I only received 6BTC as payments since that's all I earned proportionally at Deepbit while I was there before. I was extremely lucky but it looks like that luck went to the users and operators of the pool. If I were to attempt to solo mine now it would be months before I found a block. Sigh.

One of the other mildly depressing things is looking at the alternatives.  Some other pools charge 7% and then progressively to zero.  Proportional is lower, but then you have other factors like the reward system and size of pool.  I popped over to Eclipse and their current block was up to 14 hours (6 million shares), and that's one of the larger 2nd tier pools.  Even smaller pools have even more (in my opinion) stupid rules or features. 

Evaluating a pool takes different factors into account.  For me (and just me), it has good stability, availability, discourages large hopping rip-offs through hash stability, moderate fee (they take 0.001 coins per block from me).  For others, those might not be good characteristics.

https://en.bitcoin.it/wiki/Comparison_of_mining_pools

[DeathAndTaxes]

I'd wager that the vast, vast majority of deepbit users are NOT doing PPS.  And when stales and invalid blocks are counted for the non-PPS model, the actual deepbit fee is closer to 1 or 1.5%, a fee which I am happy to pay for a service without complications that never goes dark.

How many invalid blocks had Deepbit had in the last 1000?  1? 5?  Invalid blocks shouldn't be more than 0.2% of total for a properly running pool.  With good pool server, LP, and proper miner stales are <0.3%. 

So you are paying 3% for 0.5% in cost.  If you like Deepbit and like a centralized Bitcoin that is fine.  It is a free network you can do as you please but don't try to rationalize it.  You are paying 2.5%+ for the privilege to centralize the network and add a point of failure.  When you include the fact that Deepbit doesn't pay transaction fees or merged mining it is >3.5%.

[SgtSpike]

I'd wager that the vast, vast majority of deepbit users are NOT doing PPS.  And when stales and invalid blocks are counted for the non-PPS model, the actual deepbit fee is closer to 1 or 1.5%, a fee which I am happy to pay for a service without complications that never goes dark.

How many invalid blocks had Deepbit had in the last 1000?  1? 5?  Invalid blocks shouldn't be more than 0.2% of total for a properly running pool.  With good pool server, LP, and proper miner stales are <0.3%. 

So you are paying 3% for 0.5% in cost.  If you like Deepbit and like a centralized Bitcoin that is fine.  It is a free network you can do as you please but don't try to rationalize it.  You are paying 2.5%+ for the privilege to centralize the network and add a point of failure.  When you include the fact that Deepbit doesn't pay transaction fees or merged mining it is >3.5%.

You sir, bring up some good points.   

[cheat_2_win]

Using an usual pool instead of the P2Pool is like being fan of banks instead of Bitcoin.
You are hitting your foots

I might not have understood what you meant. But recently I moved from Deepbit to P2pool with just a little bit of hassle. It was fun and now I am in control. It feels really good now.

It seems more people have joined P2pool. The hash rate has gone up to ~157 GH/s from ~150 GH/s from couple of days ago.

[Fiyasko]

-Snip-

How long do you let P2Pool run? Shares that count on P2Pool are much more difficult than normal shares you are used to. It takes a while to get one with a low hash rate. Also, it will accept lower difficulty shares that won't count for the purpose of monitoring your hardware.

I don't know anything about AVprog but I wouldn't doubt it. Most of that crap is worse than an actual virus.

Edit: Have you read the entire P2Pool thread? I think that will help out with your understanding (maybe). The new thread isn't that long and has some useful information.

I've been through it, alot, lol.
Had the P2Pool window running for about 25-35mins, Then i aimed CG at it, Let it run for only about 10mins.... Im sucha Goat when it comes to getting Spooked by things xD.

Are you talking about some form of minishare/datapacket to keep track of things?, Or are you saying that some shares are so small that i do not see them being accounted for(nay)

The main thing that bothered me was that i wasnt Getting any work to Work on..
Low work, I expect.
One PEICE of work per 2mins... That cant be right.... That leaves me with 1min59secs of wasted hashing time...

[Turbor]

-Snip-

How long do you let P2Pool run? Shares that count on P2Pool are much more difficult than normal shares you are used to. It takes a while to get one with a low hash rate. Also, it will accept lower difficulty shares that won't count for the purpose of monitoring your hardware.

I don't know anything about AVprog but I wouldn't doubt it. Most of that crap is worse than an actual virus.

Edit: Have you read the entire P2Pool thread? I think that will help out with your understanding (maybe). The new thread isn't that long and has some useful information.

I've been through it, alot, lol.
Had the P2Pool window running for about 25-35mins, Then i aimed CG at it, Let it run for only about 10mins.... Im sucha Goat when it comes to getting Spooked by things xD.

Are you talking about some form of minishare/datapacket to keep track of things?, Or are you saying that some shares are so small that i do not see them being accounted for(nay)

The main thing that bothered me was that i wasnt Getting any work to Work on..
Low work, I expect.
One PEICE of work per 2mins... That cant be right.... That leaves me with 1min59secs of wasted hashing time...

Just let it run for some time. No "hashing time" is wasted. Here you work in your own pockets ! 

[Gabi]

I don't see anything wrong, i too use cgminer.
Remember that share difficulty in p2pool is now 355 so that mean that on average for every 355 normal shares, you get only 1 on p2pool. And that's fine.

When you find a good share you will see

"Recent : 0.00% >0H/s Shares: 1 (0 orphan, 0 dead) Peers :10"

and so on. Sure, it can happen a orphan share too, not too hard since pool stale rate is 9% but it's different from stale in a normal pool!

[cuz0882]

Variance or pool uptime is not a good reason to pay 3% at deepbit. Just use backup pools for the downtime. If variance is a real concern then split miners up on different pools.

[tonto]

I mine on Slush's simply because when I started mining, his was the first I saw.  So without any research or anything, I blindly jumped in and don't regret it at all.  I did try btcguild at one point, but it "felt" like I wasn't making as much, so I switched back (but still use btcguild as a backup since I have miners set up on there anyway).

[bitlane]

Over the past 9 months, I have test-mined at well over a dozen pools...many 'top-tier' and some not so much, but regardless of what they boast as being their strong suit, or what sets their specific pool apart from the rest, 99% of them end up on the FAIL list having been nothing but a waste of time and I find myself returning back to the first pool I ever mined at as well - BTCGuild (although Slush's pool is a close 2nd for very similar reasons as listed below).

Say what you will about fees (blah blah blah....) BTCGuild is worth every bitcent that it costs to mine there.

Why I like BTCGuild:
- Good Control Panel/Front End (just the right balance of eye candy and functionality).
- Top Notch Security Features (anyone here is welcome to have my control panel password because the ONLY thing you can do is mine for me....my funds are locked SOLID).
- Instant Payouts (no confirmation delays).
- ROCK SOLID performance (the best I have experienced in the community to date, although YMMV).
- Attentive and knowledgeable Pool OP.
- Constantly moving forward with both hardware and software upgrades.

Unfortunately the best things in life are not free and often more times than not, you always get what you pay for.

I bet the bulk of Deepbit's Russian/Eastern Euro Miners feel the same way about Tycho's pool

[Gabi]

Yes but P2Pool is better in anything you said.

And is really free. Because YOU host p2pool. No need to waste money on servers

[SgtSpike]

Over the past 9 months, I have test-mined at well over a dozen pools...many 'top-tier' and some not so much, but regardless of what they boast as being their strong suit, or what sets their specific pool apart from the rest, 99% of them end up on the FAIL list having been nothing but a waste of time and I find myself returning back to the first pool I ever mined at as well - BTCGuild (although Slush's pool is a close 2nd for very similar reasons as listed below).

Say what you will about fees (blah blah blah....) BTCGuild is worth every bitcent that it costs to mine there.

Why I like BTCGuild:
- Good Control Panel/Front End (just the right balance of eye candy and functionality).
- Top Notch Security Features (anyone here is welcome to have my control panel password because the ONLY thing you can do is mine for me....my funds are locked SOLID).
- Instant Payouts (no confirmation delays).
- ROCK SOLID performance (the best I have experienced in the community to date, although YMMV).
- Attentive and knowledgeable Pool OP.
- Constantly moving forward with both hardware and software upgrades.

Unfortunately the best things in life are not free and often more times than not, you always get what you pay for.

I bet the bulk of Deepbit's Russian/Eastern Euro Miners feel the same way about Tycho's pool

Do they have a 24h BTC mined counter yet?  That was one thing that bugged me big time when I tried using them... I love being able to see exactly how much BTC I have mined in the last 24 hours.

The other issue was that they went down numerous times while I was using them.  I'm sure they've used that time period as a lesson and have improved since then, but it turned me off for the time being.

[os2sam]

Do they have a 24h BTC mined counter yet?  That was one thing that bugged me big time when I tried using them... I love being able to see exactly how much BTC I have mined in the last 24 hours.

BTC Guild has always had a 24 Hour Earnings counter since I have been mining there, even before they were PPS.
Sam

[eleuthria]

Do they have a 24h BTC mined counter yet?  That was one thing that bugged me big time when I tried using them... I love being able to see exactly how much BTC I have mined in the last 24 hours.

BTC Guild has always had a 24 Hour Earnings counter since I have been mining there, even before they were PPS.
Sam

It actually disappeared briefly when switching from Proportional to PPS.  But that only lasted a week I believe.

[SgtSpike]

Ok, good to know.  Maybe I'll give them another try down the road.