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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3862963 times)
LazyOtto
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February 13, 2013, 07:11:06 AM
 #1481

If it is ASICMINER, I would vote, a very minor shareholder vote, for throwing the hashes at BitMinter or OzCoin.

I like the idea of being paid a share of Transaction Fees as well as the base share of 25 per block found.
(Pure PPS is just leaving money on the table.)

Both those pools have Stratum running and think they're ready to accept ASIC levels of load. Smiley

-- edit --
I actually prefer BitMinter. Where I'm mining now.

I find the mechanism of PPLNS easier to understand for distributing a share of the Transaction Fees in a block than DGM.
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February 13, 2013, 07:16:19 AM
 #1482

#vote: p2pool
LazyOtto
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February 13, 2013, 07:18:43 AM
 #1483

#vote: p2pool

I concur, an excellent choice.

If it is stable enough for the hash rate from a single miner.

I have no idea.

And, I expect, more of a hassle for friedcat, or his delegated minion, to set up.
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February 13, 2013, 07:20:57 AM
 #1484

If it is ASICMINER, I would vote, a very minor shareholder vote, for throwing the hashes at BitMinter or OzCoin.

I like the idea of being paid a share of Transaction Fees as well as the base share of 25 per block found.
(Pure PPS is just leaving money on the table.)
I am mining at OzCoin and track the top20 continuously.

Over the weekend there was a large (somewhere at 0.5TH) anonymous miner popping up for a day and left meanwhile.

To me it looks like someone is testing which pool can handle huge hashing power best, we'll know more tomorrow.

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February 13, 2013, 07:23:15 AM
 #1485

we'll know more tomorrow.
Yep.

I hope.
Unless all the ASICMINER crew evaporated for Chinese New Year?  Smiley

At this time I consider it an good bet that it is either 'us', or more of the Avalons have started to be actually delivered.
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February 13, 2013, 07:30:30 AM
 #1486

I find the mechanism of PPLNS easier to understand for distributing a share of the Transaction Fees in a block than DGM.
Have you considered CPPSRB? It's very similar to PPLNS, but much less variance without sacrificing reward times (with PPLNS, you can get equivalent variance only by using N=difficulty*8, which means it takes 8 blocks to get your full reward on average).

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February 13, 2013, 07:30:57 AM
 #1487

Call me crazy... but if I ran a mining/hardware company with shareholders I would let them know when the 1st ASIC came online, and then again when surpassing the 1 TH/s mark.... tell the shareholders where they can see speed and earnings.....and not wait till the next weekly update.....  Huh

I'm pretty sure Friedcat would do the same...

I don't think it's ASICminer....

edit: it looks more like 16 Avalons coming online
LazyOtto
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February 13, 2013, 07:43:28 AM
 #1488

I find the mechanism of PPLNS easier to understand for distributing a share of the Transaction Fees in a block than DGM.
Have you considered CPPSRB? It's very similar to PPLNS, but much less variance without sacrificing reward times (with PPLNS, you can get equivalent variance only by using N=difficulty*8, which means it takes 8 blocks to get your full reward on average).
Yes, I did.

I had some hassles setting up for slush in the Fall of 2012 - surely all on my side, and also ran across statements such as these when doing research at that time:

"slush's method is high variance, less hoppable than proportional, but still significantly hoppable."
- https://bitcointalk.org/index.php?topic=1976.msg712136;topicseen#msg712136

No doubt my experience is outdated and the actual pool performance has changed since Meni Rosenfeld made those comments, but it is what it is. I've felt no need to make another try at slush since that first try.

-- edit
"it takes 8 blocks to get your full reward on average"

And since I typically see about 10 blocks a day, this hasn't impacted me. To my notice.
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February 13, 2013, 07:48:32 AM
 #1489

I find the mechanism of PPLNS easier to understand for distributing a share of the Transaction Fees in a block than DGM.
Have you considered CPPSRB? It's very similar to PPLNS, but much less variance without sacrificing reward times (with PPLNS, you can get equivalent variance only by using N=difficulty*8, which means it takes 8 blocks to get your full reward on average).
Yes, I did.

I had some hassles setting up for slush in the Fall of 2012 - surely all on my side, and also ran across statements such as these when doing research at that time:

"slush's method is high variance, less hoppable than proportional, but still significantly hoppable."
- https://bitcointalk.org/index.php?topic=1976.msg712136;topicseen#msg712136

No doubt my experience is outdated and the actual pool performance has changed since Meni Rosenfeld made those comments, but it is what it is. I've felt no need to make another try at slush since that first try.

-- edit
"it takes 8 blocks to get your full reward on average"

And since I typically see about 10 blocks a day, this hasn't impacted me. To my notice.
slush doesn't use CPPSRB... O.o

Edit: Example CPPSRB pools would be Eligius and BitPenny.

The 8 blocks thing is with low-variance PPLNS - to my knowledge, no pool uses this.

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February 13, 2013, 07:50:50 AM
 #1490

slush doesn't use CPPSRB... O.o
Apologies. Made an assumption.

I'll go look to see who actually does. Smiley

(Beginning by following the link you helpfully provided.)
LazyOtto
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February 13, 2013, 07:57:53 AM
 #1491

slush doesn't use CPPSRB... O.o
Apologies. Made an assumption.

I'll go look to see who actually does. Smiley

(Beginning by following the link you helpfully provided.)
And I now remember being put off that pool, back then, by statements such as:

"New miners are better off mining elsewhere until the new reward system is setup, unfortunately"
- https://bitcointalk.org/index.php?topic=23768.msg1118133#msg1118133

I never bothered to check back to see if a "new reward system" was ever instantiated.
LazyOtto
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February 13, 2013, 07:59:51 AM
 #1492

So, back on topic, from what I'm familiar with, the best pools to point ASICMINER at would be:

BitMinter
OzCoin
p2pool - with caveats
Luke-Jr
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February 13, 2013, 08:04:52 AM
 #1493

slush doesn't use CPPSRB... O.o
Apologies. Made an assumption.

I'll go look to see who actually does. Smiley

(Beginning by following the link you helpfully provided.)
And I now remember being put off that pool, back then, by statements such as:

"New miners are better off mining elsewhere until the new reward system is setup, unfortunately"
- https://bitcointalk.org/index.php?topic=23768.msg1118133#msg1118133

I never bothered to check back to see if a "new reward system" was ever instantiated.
Yeah, that "new reward system" turned out to be CPPSRB ;p

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February 13, 2013, 08:38:04 AM
 #1494


Head of Product Development
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LazyOtto
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February 13, 2013, 08:42:31 AM
 #1495

And this has now become ... amusing:
http://www.btcguild.com/pool_chart.php
memvola
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February 13, 2013, 08:53:26 AM
 #1496

So, back on topic, from what I'm familiar with, the best pools to point ASICMINER at would be:

BitMinter
OzCoin
p2pool - with caveats

Why use a pool? I still haven't seen any good arguments for it.
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February 13, 2013, 09:16:13 AM
 #1497

So, back on topic, from what I'm familiar with, the best pools to point ASICMINER at would be:

BitMinter
OzCoin
p2pool - with caveats

Why use a pool? I still haven't seen any good arguments for it.


reduce variance. for a publicly owned miner, this is the only way to go.

also: slush!
memvola
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February 13, 2013, 09:42:38 AM
 #1498

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.
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February 13, 2013, 11:26:27 AM
 #1499

I think testing asics at a pool is better than solomining because the pool has more solved blocks in the same amount of time. And thats needed for testing how fast and successful your asic is.

Im not sure if its avalon or asicminer. Friedcat seems to be more of a guy that claims success when success is made sure. So it can be its asicminer i think.
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February 13, 2013, 01:52:55 PM
 #1500

Knowing friedcat, we won't hear anything until tomorrow regardless of who the mystery miner is.  Wink

Not complaining or anything, of course. His nearly-religious Thursday updates have been awesome.



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