I'm sure he's referring to this thread. The mods apparently did something with his other threads for some reason.
https://bitcointalksearch.org/topic/80-gh0-fee-a1bitcoinpoolcom-10-btc-bonus-proportional-pool-58879
I understand the psychological need to finish the block, but you need to weigh that against the hard numbers. You're better off cutting your losses now and not falling into the Gamblers Fallacy. It's a hard road to hoe, as far as overcoming it psychologically, but let the math be your guide.
Topic: [18 GH][0% Fee] A1BITCOINPOOL.COM 20 BTC BONUS PROPORTIONAL POOL - page 6. (Read 9275 times)
January 27, 2012, 08:17:55 PM
January 27, 2012, 08:16:00 PM
What type of pool do you like to mine at?
Me? Because of my fairly low hash rate(1.3GHs atleast for a little while longer) I prefer PPS.
January 27, 2012, 08:14:53 PM
What type of pool do you like to mine at?
January 27, 2012, 08:13:48 PM
I got a quick fix for you. Anyone that drops off more than 10% of their starting mining power for more than x time. drop their shares. period. the only people that will put off is the hoppers.
January 27, 2012, 08:10:21 PM
Actually, I told you . Although its entirely possible Inaba said the same thing elsewhere, its not exactly new or rocketscience.
And unfortunately your reasoning is still flawed. Its not luck, its math. Someone finding a quick block would be far better off finding it solo. And someone with a low hashrate, who is unlikely to find a block solo, would have to feel incredibly lucky because he will be very likely to get far less than he'd get anywhere else. He too would be better off solo.
Anyway; there isnt much you can do. Only upping the bounty to 35 BTC would make it compelling again. Shows you how much there is to win from pool hopping.
And unfortunately your reasoning is still flawed. Its not luck, its math. Someone finding a quick block would be far better off finding it solo. And someone with a low hashrate, who is unlikely to find a block solo, would have to feel incredibly lucky because he will be very likely to get far less than he'd get anywhere else. He too would be better off solo.
Anyway; there isnt much you can do. Only upping the bounty to 35 BTC would make it compelling again. Shows you how much there is to win from pool hopping.
January 27, 2012, 07:59:27 PM
Assume I have 1000GH. If I were to point it to your pool, and have an average block lenght, I would earn 20BTC bounty + my share of the block reward which would be (1.3/ 1.3+ 3.1) = 14.7 BTC. Total reward, 34.7 BTC.
Do you think Id go for it, or mine solo?
Do you think Id go for it, or mine solo?
I understand what you are saying but the way I'm looking at it is if someone starts mining and gets the block pretty quick then it is a pretty decent bonus. But once again it all falls to luck. I'm working on a possible change, I want to get this first block completed and go from there. Inaba was totally right about proportional, everyone jumps in and then jumps out.
January 27, 2012, 07:58:48 PM
Assume I have 1000GH. If I were to point it to your pool, and have an average block lenght, I would earn 20BTC bounty + my share of the block reward which would be (1.3/ 1.3+ 3.1) = 14.7 BTC. Total reward, 34.7 BTC.
Do you think Id go for it, or mine solo?
Do you think Id go for it, or mine solo?
ur math, explain it please.
Mustang, at this point I would pay out everyone for their shares. Reset the pool and offer 10BTC bonus to the block finder who is there from the start of round, or very close to it without leaving. And that of course would not mean having 20Gh, then leaving only 200MH there after they got x shares.
Or pay out, reset and move to pps or DGM. Offer like 5BTC bonuc per block for the first 3 or 4.
January 27, 2012, 07:53:19 PM
Assume I have 1000GH. If I were to point it to your pool, and have an average block lenght, I would earn 20BTC bounty + my share of the block reward which would be (1.3/ 1.3+ 3.1) = 14.7 BTC. Total reward, 34.7 BTC.
Do you think Id go for it, or mine solo?
Do you think Id go for it, or mine solo?
January 27, 2012, 07:46:17 PM
Ok miners, I just raised the block Bonus to 20 BTC. Be the first to mine a confirmed Block and you shall recieve the 20 BTC Prize.
January 27, 2012, 11:12:24 AM
At the risk of sounding lazy, what is DGM and do you have a link I can read up on it?
January 27, 2012, 11:04:10 AM
I'm obviously of the DGM persuasion and I know very little beyond the basics of PPLNS. I know Meni has done the math behind it and supports it as a valid, non-hoppable variety of payout schemes. As such, I trust his judgement in those matters far beyond my own.
PPLNS is probably a lot easier to implement than DGM I would imagine.
PPLNS is probably a lot easier to implement than DGM I would imagine.
January 27, 2012, 10:46:14 AM
Your probably right on the pps especially with a first block like this one. What are your thoughts on PPLNS.
January 27, 2012, 10:04:26 AM
LNPPS, PPS or DGM. Although, given your situation, I would very seriously advise against PPS, as it is the most brutal to the op.
January 27, 2012, 09:37:59 AM
What payment system do you prefer.
January 27, 2012, 08:50:58 AM
If you have an infinite number of pools to hop, you can theoretically double your rewards. IIRC hopping just one pool delivers up to ~20% better returns.
Enough pools to hop so you never need to use a fair pool: expected efficiency of ~178% (or 179%? can't remember).
Hop 1 pool and mine at a fair pool when not hopping: expected efficiency of 128% (28% better returns)
Quote
That means -20% for people not hopping (assuming equal hash rate).
That 20% (or 28%) is a mix of hopping and non hopping efficiency. The actual loss due to hoppers is tricky to calculate but I posted the results of some simulations here and the loss to full time miners at a particular pool due to hoppers is determine by the number of hoppers increasing the pool hashrate. Increase an 18Ghps pool's hashrate by 36Ghps for the first 0.43*D of a round and fulltime miners will have a reduction in expected earnings of 20%. Increase the hopper effect more - say 180Ghps like in the old days - and you're looking at about a 40% reduction in earnings for fulltime miners.
It's way worse than you'd think.
January 27, 2012, 08:05:18 AM
I wonder, are you beginning to see the folly of proportional? You are having a long first block, that can happen in any payout system obviously. But who in their right minds would start mining here now? The shares you produce will be diluted by 3M existing shares on this block. Ignoring the bounty (which you can not sustain), every sane person would be waiting for the block to finish, and then join in for the next round, until it becomes longish. Its gonna be like that every time.
January 24, 2012, 07:03:22 PM
Ok everyone we are back online now I was having all kinds of issues with the server this morning and have switched to a faster dedicated rack mount server with dual quad core xeon cpus, 16 gb of ram and a 10tb uplink. So going forward we should be up and running with no issues. All shares are recorded and current. Thanks for your patience. The 15 BTC bonus still stands.
January 24, 2012, 11:09:11 AM
Everything is up and running again. Sorry for the delay. All your mined shares were recorded so no one missed out on anything. Thanks for your patience.
Due to the outage I added 2 more bitcoin to the first block bonus for a total of 15 BTC.
EDIT : Just took pool down again, switching it to a faster server. Will be back up shortly. 1/24/11 3:02 PM CENTRAL.
Due to the outage I added 2 more bitcoin to the first block bonus for a total of 15 BTC.
EDIT : Just took pool down again, switching it to a faster server. Will be back up shortly. 1/24/11 3:02 PM CENTRAL.
January 24, 2012, 10:33:28 AM
The backend is up and working and logging shares. You can still mine and everything is being recorded. I am having an issue with getting website backup. Working on that right now. Thanks for your patience.
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