Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool - page 928. (Read 4382653 times)

Ars and Eligius aren't PPS.

I hope that normal or slightly better luck will be with us for some time now :-).

I find it interesting that you would resort to name calling me a troll because I'm state something that I observed about your pool.

3 hours isn't an average of anything with variance that is inherent in hashing.

Tell you what come back in 3 weeks.  I will show my # of shares and revenue.  You show your # of shares and revenue.  Then everyone can laugh at how you decided to throw away 10% 17% (forgot about merged mining) of your hashing power for nothing.

Yes they are offering that but look at it this way, but it all balances out over the long run.  On a short round I earn around 0.013 - 0.015, and the same on a long round.  I might earn more on a long round using pps at elugius but I earn alot less on the short round so it averages out.

Since the hardware failure

This brings up another point, and that is this: Slush, could you set up a locked thread that no one can comment in, that will allow you to only post status updates and so forth? That would be a lot nicer for various announcements and so forth. Don't know whether that is possible on this board or not though.

I don't want to turn notifications off because I want to hear about any news like that. 

Well then I don't see Ars, abcpool and eligius going bankrupt any time soon yet they offer 0% fee PPS with MM too !? Maybe they are just about to go bankrupt

For the love of God! Doesn't anyone inform themselves anymore @ wikipedia and mining guides? A pps pool with 0% fee would be great, except the pool will go bankrupt in no time. A ppl pool always take takes the full risk and may actually end up paying out much more to miners than it is making as a whole.

And for those other comments, what is the deal with that fanboy naming? Has this become the new standard 'Secret of Monkey Island'TM answer if you can't counter an argument on the basis of matter of fact? ;-) No offence.

I mine @ Slush not because of an awesome man-crush on czech programmers but simply because this pool offers low fees, long polling, merged mining and a way to counter pool hopping. I honestly liked BtcGuild but found out that my payouts at 0% prop were somehow less than at Slush's pool over the time of two months. And during that, there were downtimes over there as well. I tried deepbit (10%) and quickly decided against it, if you are willing to go pps, surely there are cheaper alternatives since variance is not a problem with any pps, or is it? I tried other pps pools, but they still have quite high fees and no merged mining. If they do offer merged mining and pps, they have hidden transfer fees that sum up to 10% again (NMCBit).

At least we know why people choose deepbit now, they didn't understand the entire variance thing yet and need to educate themselves a bit more. Bigger pool isn't always better, quite literally.

If you don't like my pool, pick another, but stop trolling here. Thank you.

So I guess I DID NOT see it happen in a 3 h period on a 6h block yesterday guess it was a mirage

So I guess I DID NOT see it happen in a 3 h period on a 6h block yesterday

You are quite wrong about that because you misunderstand how a proportional pool works.

You will get less variance with a PPS pool but a lower average payout. PPS pools need to give you a lower average payout by design as they are covering the variance.

Are you saying that your account is registered on email which isn't yours?  Please PM me your nickname, your correct email and also email which you see in your confirmation request.

It's not really like QE but I won't put my fixed income geek hat on and bore you to death with shifting the maturity profile of outstanding sovereign debt in order to alter the duration and hopefully reduce the yield of short-term debt, allowing cheaper financing for banks at the cost of 'kicking the can' and stoking inflation. Oooops, just have. Sorry.

NMC to BTC is an almost certain crash because of exactly what I said (and you re-iterated) - without a thriving *trade* using the currency, and just sellers cashing out for other currencies, you've effectively got a trading pit full of sellers and no buyers. The only buyers would be speculators, and I can't see many reasons to speculate on NMC with a constantly-fading value unless you can naked short them, which should be illegal. Regular shorts require borrowing the NMC to begin with, creating a buyer and reducing the profit in the short (in a simple market like NMC).

I'm still concerned about the miners-offloading issue with BTC, but there is at least a regular *trade* in BTC and people buying the currency to use in purchasing things they don't want recorded on credit cards / bank accounts (even legal stuff, like gold, causes nervousness - as slush said, European nations are tightening down on personal bullion purchases - requiring reporting to govt - and the USA, of course, has the spectre of Roosevelt and the 1933 gold confiscation... I'd like to see Obama try that *these* days given that American gold-bugs tend to be long on copper and lead too).

Equally, if we spend our mined BTC at a BTC-accepting bullion trader, then there's *some* hope that this will keep the BTC circulating. I know that most bullion traders accept BTC only if they can cash it out immediately... which is just passing the buck, really - but maybe sometimes the trader may keep a 'float' of BTC to spend on items elsewhere. Regardless, it's better to mine your BTC, receive BTC, then spend them in the BTC economy. Having pool operators directly converting mined BTC into other currencies / PMs would be disastrous for the BTC economy IMO - it'd put enormous downward pressure on the BTC rate.


Finance-geek hat off - I use Mick Bruce of MJB Monetary Metals. I've been buying from him since *before* bitcoin, using GBP. He's honest and reliable. But the recent issue with Intersango means he stopped accepting BTC last week - I've got a load burning a hole in my pocket so I ought to contact him to see if anything has changed... Next day UK postage, he's never let me down.

I'm being nice here - didn't want to give this info out on open forum as he only has a limited stock and *I* want it available for *me* to buy with my bitcoins. I have no affiliation with Mick - just a satisfied regular customer.