Topic: [204 GH/s] yourbtc.net closing it's doors on 2011-12-08 - page 11. (Read 19910 times)

First Block found! Congrats everyone!

Still over 50% of the 10 promotion BTC left! Time to jump in.

Thanks for your feedback. The Double Geometric Method with our settings your expected value per share is under the impact of an permanent exponential decay.

This means if you generate a share right now, it will loose it's value as soon more and more shares were generated. Of course the higher the hashrate of the pool, the decay will happen faster, because more share per second were submitted by the pool. Compared with PPLNS this lowers your variance because you don't have to be afraid, that your share will become instant worthless as soon as N more shares are generated.

Here is a graph, which compares our method with PPLNS:



Maybe you noticed, that the area below each curve is the same. This indicates that the total average payout is the same, only the distribution is different.

The following graph shows, that payout for you shares happens during over millions of generated shares and several rounds, compared to PPLNS where the full payout happens when a block is found.



I would like to thank Meni Rosenfeld, who invented this method, and made these visuals possible.

So, to answer your question, if the decay of your past shares is even to fresh generated shares and your graph is not going up, it could be because the hashrate in the past was higher than the hashrate you got right now. It really depends on some more circumstances like pool hashrate for example.

Hope this brings some light in the dark.

Great promotions in this pool!

I notice the Estimated Payout graph totally changed over the last 24ish hours; previously it showed a slowly dropping expected value when my miners were idle (which I think made sense with the payout calculation method), but now it's like it's averaged over time and doesn't make as much sense to me. Are you able to explain how it works now? Thanks!

Nice pool. I'm testing it right now. A bit laggy...

Pool is running perfectly stable now.

Giving away another 10 BTC for free. Just join mining and get 0.00001 BTC bonus each valid share up 1,000,000 shares.

If you are interested but quite not understand yet, how our payout system DGS works, feel free to visit our FAQ section: http://www.yourbtc.net/faq-page

Most user voted for additional stats, so i'am going to add some more this weekend.

Available again.

Sorry for that, i will add some bonus BTC as usual later today to make sure, you won't have a disadvantage from the outage.

I will get some technicial assistance tonight, so we will see a permanent fix soon. Keep you up2date.

Site and mining down bud.

Just to let you know, I was just about to rejoin but cant.

Chris

Thanks! Am back mining again...

All user were credited a bonus of 0.00003000 BTC per gen. valid share during the last 24 hours.
They are show in the right pane under "Pending Promotion Payout:".
As soon as we solve our first block, it will be payed as an additional bonus.

Sorry for this inconvenience, pool was unreachable multiple times today. Running stable again.

Hi Bizzy,

pool is up and running again. I will investigate what caused this problem and fix it.

Sorry for this inconvenience, pool was unreachable for some hours today.

Therefore i will give away some btc from my own pocket later today according to all member who mined in the last 24 hours to cover your loss. Promise you won't have any disadvantages.

Pool seems to be down - 0 Mhashes and I can't connect...

Feature Update

• Personal API Key
• Pool Estimated Payout
• New Logo for yourbtc.net - special thanks to my girlfriend littlebug <3

I would love to hear some feedback if you have any wishes for more features or stats. Just tell me and i will make it happen!

Added some FAQ for better understanding how Double Geometric with our parameters work.

Comming up next: JSON API

Still 75% of promotion BTC left. You better hurry up, cause someone from russia is currently hashing the bonus away ^^

Should be up and running again! Sorry for this inconvenience.

I'am setting up cluster machines this weekend to make sure we have a backup scenario.

Hiya.

Just to let you know im having connection problems in the uk.

Chris

Pool Updates:

Pool Geomap
Are you interested, where our pool member live? Try out this new chart!
You can even check out the hashrate for every country with mouse over.

User Top 20
If you are interested, who donates most of our hashing power your welcome to use this chart.
In case you don't want your name displayed in public, just visit Pool Options and change your Pool Privacy options.

Please leave a comment if you have a suggestions for more statistics.
I'am happy to implement it for our pool.

As soon as we reach 1,000,000 shares the promotion btc will be payed. So there is no need to find a block.

Current average payout per share with promotion added is 0.000038 BTC, a very good offer.

When would the 10btc be paid?? At the end of the promotion of a million shares or when the first block is found?

In order to improve the total Hashrate and convince you of this pool, we are going to give away up to 10 BTC:

Each Round Share from count 1 to 1,000,000 receive 0.00001 BTC bonus

Visit our website for more information and rules.

PPS pools aren't fatally flawed, they just aren't very attractive right now because most PPS operators don't know what they're doing. I believe PPS will be the reward system of the future, but I won't derail the thread into discussing my vision of it. Maybe I'll write about it in its own thread sometime.