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Topic: [1423GH] ABCPool PPS - Proxy Pool For High & Steady Mining Rewards - page 50. (Read 151781 times)

sr. member
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I heart thebaron
full member
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Here is a link to proof why the pool should use poolserverj -> https://bitcointalksearch.org/topic/m.602707

I am now an official psj cheerleader.   Grin
Those are some impressive graphs, at first glance! However.. I notice they're from november 1, and you were mining on yourbtc.net. A quote from their main page:
Quote
Higher Stale Rates fixed
Submitted by urstroyer on Wed, 10/26/2011 - 16:50

The problem is hotfixed for now.

We are now accepting stale shares from NMC chain as a valid share until we have a more advanced solution.
So you won't have any disadvantage using cgminer now.
So it seems you've been a victim of faked stats.

This is an excellent example of masking invalid shares. From your screenshot it seems the pool has good rates. While in fact there's no net improvement at all: nothing has changed in the income of the pool and nothing has changed in the payouts of the pool. The rewards are just redistributed, now favoring those who would otherwise have more stales. Of course, this takes earnings away from people who are actually mining efficiently. But they conveniently forget to mention that fact..

There's an additional problem with masking stale shares: It becomes harder to tweak your rigs/setup because you don't get any useful feedback on stale shares anymore.


Sorry, you are just wrong. These stats are far from faked.

The invalid share detection works perfectly fine for BOTH blockchains (BTC/NMC) since 2011-10-31.
The mining client gets feedback of invalid shares from the main blockchain (BTC) only, so thats the stale rate that can be compared to both merged mining and non-merged mining pools like abc.

You can take a look at my comment here: https://yourbtc.net/comment/145#comment-145

But even if NMC blockchain stale shares where accepted as valid shares, there is exactly zero difference to invalid share handling on btc blockchain, because valid/invalid shares are handled seperated for each btc and nmc.

legendary
Activity: 1147
Merit: 1007
Here is a link to proof why the pool should use poolserverj -> https://bitcointalksearch.org/topic/m.602707

I am now an official psj cheerleader.   Grin
Those are some impressive graphs, at first glance! However.. I notice they're from november 1, and you were mining on yourbtc.net. A quote from their main page:
Quote
Higher Stale Rates fixed
Submitted by urstroyer on Wed, 10/26/2011 - 16:50

The problem is hotfixed for now.

We are now accepting stale shares from NMC chain as a valid share until we have a more advanced solution.
So you won't have any disadvantage using cgminer now.
So it seems you've been a victim of faked stats.

This is an excellent example of masking invalid shares. From your screenshot it seems the pool has good rates. While in fact there's no net improvement at all: nothing has changed in the income of the pool and nothing has changed in the payouts of the pool. The rewards are just redistributed, now favoring those who would otherwise have more stales. Of course, this takes earnings away from people who are actually mining efficiently. But they conveniently forget to mention that fact..

There's an additional problem with masking stale shares: It becomes harder to tweak your rigs/setup because you don't get any useful feedback on stale shares anymore.
legendary
Activity: 1147
Merit: 1007
Thanks for your well-written input Bitlane. We have to admit that since introducing timerolling at ABCPool, invalid rates have gone up. While initial results looked promising they has not kept up, as you have witnessed. We are working on getting this ironed out by applying extra instrumentation in our backend so we can pinpoint where things go awry.
I hate to say it, but your Pool is anything BUT predictable....yet extremely predictable all at the same time.
To be clear: The predictability claim is about the reward scheme. Whereas somewhere else you don't know what a share will earn you, at ABCPool you know in advance (barring invalid shares).

The Pool's stats are however quite impressive to say the least (298++ GH/s) and are left to speak for themselves.....

It was another type of learning experience on the Bitcoin Road for me. The introduction to the "The ABC Invalid"
Sorry your experience with ABCPool was not all it could be; I honestly think more pools should be distinguishing between stale and invalid work, as it can model the division responsibility between miner and pool more accurately.

That being said, we think that there's some issues on our side that may sometimes negatively affect the invalid rate. Although it can never reach zero, we think it can be below 0.5% again. Please bear with us!
sr. member
Activity: 462
Merit: 250
I heart thebaron
I agree completely, the pool has abnormal of invalid shares... compare to other pools, its 3x more.

Wink

High INVALIDS ? YES

High STALES ? NO (because those have to be paid out....lol)
vip
Activity: 1358
Merit: 1000
AKA: gigavps

I agree completely, the pool has abnormal of invalid shares... compare to other pools, its 3x more.


Here is a link to proof why the pool should use poolserverj -> https://bitcointalksearch.org/topic/m.602707

I am now an official psj cheerleader.   Grin
full member
Activity: 168
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sr. member
Activity: 462
Merit: 250
I heart thebaron
We do intend to keep striving to offer......most predictable.......
I hate to say it, but your Pool is anything BUT predictable....yet extremely predictable all at the same time.

The 'Unpredictable'
My measly little 4GH/s mining setup is very optomized and I would even go as far as to say that it runs with the stability and reliability of a finely tuned like a Swiss Time piece, constantly able to maintain a minimum of 99.50% or higher, of VALID shares on all of the current 'TOP POOLS', yet on ABC, it's performance (my mining setup that is) is more like that of a cheap chinese Rolex knock-off that could barely maintain a 96%+ VALID Share percentage yesterday. I am familiar enough with even the minute-to-minute performance of my setup and it's benchmarked performance on many other pools, that I feel confident enough to comment on it's sad showing yesterday.....with only an address change and nothing else.

The sadly 'Predictable'
Since your Pool is marketed as "Paying for Stales", It was quite interesting, considering my horrible VALID percentage, to see just how many of those non-valid shares were 'ABC-CLASSIFIED' as INVALIDS (not being paid) rather than STALES (that are 'paid').

With my past history, the known stability as well as the overall steady performance of my setup, it was quite disturbing to see that not only was my VALID percentage LOW, but those shares which would have been valid anywhere else on the planet.....and STALES at worst, were further subject to an additional 'slap in the face', being ABC-classified as UNPAID INVALIDS - most of which appeared following a long-polling notification. It was also quite odd to see that the UNPAID INVALIDS were continuously 3 to 3.5x greater an amount than the PAID STALES.........but like I said, SADLY PREDICTABLE.

The Pool's stats are however quite impressive to say the least (298++ GH/s) and are left to speak for themselves.....

It was another type of learning experience on the Bitcoin Road for me. The introduction to "The ABC Invalid"
Allan
legendary
Activity: 1147
Merit: 1007
Do you have plans to implement merged mining?
We have no plans to change our current reward mechanism to include merged mining. We do intend to keep striving to offer you the highest and most predictable Bitcoin mining rewards on the market.
full member
Activity: 142
Merit: 100
What? It's a PPS pool. It has to have a buffer. Each time the pool finds a block it puts the money in the buffer. Then money from the buffer is paid out to the people little by little as they do work.

Proportional doesn't have a buffer. I just pays the reward out to everyone when it gets it and splits it up based on how many shares each person put in to the round (even if they are no longer mining.) PPLNS is the same but it pays out based on how much work you are doing at that moment (which prevents pool hopping.)

There is a difference between PPS and SMPPS:

PPS - Pay Per Share. Each submitted share is worth certain amount of BTC. Since finding a block requires shares on average, a PPS method with 0% fee would be 50 BTC divided by . It is risky for pool operators, hence the fee is highest.

SMPPS - Shared Maximum Pay Per Share. Like Pay Per Share, but never pays more than the pool earns.
sr. member
Activity: 373
Merit: 262
What? It's a PPS pool. It has to have a buffer. Each time the pool finds a block it puts the money in the buffer. Then money from the buffer is paid out to the people little by little as they do work.

Proportional doesn't have a buffer. I just pays the reward out to everyone when it gets it and splits it up based on how many shares each person put in to the round (even if they are no longer mining.) PPLNS is the same but it pays out based on how much work you are doing at that moment (which prevents pool hopping.)
newbie
Activity: 73
Merit: 0
Do you have plans to implement merged mining?
sr. member
Activity: 462
Merit: 250
I heart thebaron
Wow.....that was a 'rocky' first hour and a half.....LMAO

Today it looks as though I was introduced to an entirely new classification of BTC share:

"The ABC Invalid" - it's kinda like a Stale, except you don't get paid for it and there seems to be a steady stream of 3 - 3.5x more of them than actuall recorded Stales....which oddly enough, one does get paid for.....LOL....imagine that.

legendary
Activity: 1147
Merit: 1007
What's the pool buffer?

I don't think there is one, since this is straight PPS...
That's right. You may be thinking of SMPPS and friends. For straight PPS (which ABCPool uses), the pool buffer does not control when payout occurs. At ABCPool, your shares are credited within two minutes of submitting them, and you can always withdraw that balance immediately.

MC
sr. member
Activity: 406
Merit: 250
What's the pool buffer?

I don't think there is one, since this is straight PPS...
sr. member
Activity: 373
Merit: 262
What's the pool buffer?
member
Activity: 118
Merit: 10
Chlorine - keeps your pool in top condition
The pool just went down, we expect to have it up in 5 minutes again.

... and up again!
sr. member
Activity: 305
Merit: 250
Trust but confirm!
looks like down at the moment, or is it just my isp that cant connect to the pool.
confirm, down here too...
full member
Activity: 133
Merit: 100
looks like down at the moment, or is it just my isp that cant connect to the pool.
sr. member
Activity: 476
Merit: 500
Putting my hashrate here for a while, trying you guys out. Looks nice so far
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