24/7 Miners Should try out Mineco.in

deepceleron

legendary

Activity: 1512

Merit: 1036

Quote from: Minerd on August 02, 2011, 03:38:34 PM

This was the second pool I mined on. Was a very stable pool unfortunately PPLNS isnt for me as I am not able to mine 24/7. If I was I would definitely go back to them.

PPLNS doesn't punish you if you can't mine 24/7. The only difference vs a proportional pool is that the hashrate you submit now might get you nothing or it might get you 5x the reward. Compare that to mining part-time in a proportional pool: you might submitting work during a short round where you get a fast payout, or your part-time work might be diluted to near-nothing by a long round with full-time miners. It all evens out.

Minerd

newbie

Activity: 3

Merit: 0

This was the second pool I mined on. Was a very stable pool unfortunately PPLNS isnt for me as I am not able to mine 24/7. If I was I would definitely go back to them.

dafuck3r

newbie

Activity: 7

Merit: 0

Nice info.. maybe tonight i'll move all my rigs into this pool !!

Jrock

sr. member

Activity: 363

Merit: 250

I'll try it out when I get home to my steamy mining room.

MegaBux

newbie

Activity: 31

Merit: 0

Quote from: Wuked on July 13, 2011, 05:37:48 PM

We have recently moved to PPLNS Shares, this scheme is great for people who mine 24/7 , and also for people who mine for close to 24/7..

for more information please see http://forum.bitcoin.org/index.php?topic=17310.0

or click here to chat to current pool members: http://webchat.freenode.net/?channels=mineco

Hi there!

Could you elaborate on how shares "eligible for reward" are calculated and how they differ from the total shares submitted by a user for the current block? Also, the formula for BTC reward refers to submitted shares, and thus it is unclear why there would be a difference between submitted and eligible shares.

Thanks!

Wuked

member

Activity: 112

Merit: 10

PPLNS is going well guys, come get involved!

Wuked

member

Activity: 112

Merit: 10

Your stats are awesome thanks Aexoden!

Aexoden

newbie

Activity: 53

Merit: 0

PPLNS isn't terrible even for intermittent miners, so don't be scared away from this payout system if you're the type who only mines part-time.

Before I did my own simulations (www.calindora.com/tmp/bitcoin/index.php) of various payout methods, I wasn't much of a fan of PPLNS, as my first instinct was that it would overly punish intermittent miners. (However, a cursory examination will show that the expected reward for a share in PPLNS is the same regardless of the time it was submitted.)

However, after doing all that research into the payout systems, I think PPLNS is probably the best system overall so far. (Geometric is close, but running a 0% fee pool with low variance for intermittent miners puts more risk in the pool operator's hands.) Its variance is a bit high, espeically if N is low, which is why I favor an N of either the difficulty or twice the difficulty, but it's pool hopping proof in any case.

rocketr2

newbie

Activity: 8

Merit: 0

looks likes its really good if you are a 24/7 miner

barryT

newbie

Activity: 3

Merit: 0

I'll give it a shot when my 5870 finally comes in Wink

Thanks

Wuked

member

Activity: 112

Merit: 10

We have recently moved to PPLNS Shares, this scheme is great for people who mine 24/7 , and also for people who mine for close to 24/7..

for more information please see http://forum.bitcoin.org/index.php?topic=17310.0

or click here to chat to current pool members: http://webchat.freenode.net/?channels=mineco

Topic: 24/7 Miners Should try out Mineco.in (Read 1189 times)