Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool - page 931. (Read 4382653 times)

Having a direct link from the pool would be a compelling reason to join back up here, but of course, actual rates and types of gold/silver coin would be an issue. Does slush *really* want to get into the bullion dealing business?

trust, if you already trust Slush's pool to send you your coins...(some other guys are offering it already, but can you trust them...?)

What a nice Idea! The only thing why I wont't use it, is the ratio between the Silver OZ and the shipping fee. It would be extreme, if they would be sended every time 14 BTC + shipping (1 to 2 BTC in my case if they are sended from CZ to AT) The next Problem would be the toll rates if the reciepent is outside of the EU.

[...] Btw this is pool support thread, you should really move somewhere else and not spam here :-).

Thanks for forcing me to try another pool

made more elsewhere for the time you were down just on pay per share of only my gpu's

no more shares worth little or nothing after 15 min
no more "invalid blocks"
no more waiting for payout
no more rejected shares because your pool can't play with phoenix
no more problems & promises

I can't say you got what I was'nt or the big miners got it
but it sure wasn't this small miner

oh one last slam to me namecoins DIDN"T payoff with the last of my bitcoins
Guess you'll have some LAME excuse for that too

Thanks for forcing me to try another pool

made more elsewhere for the time you were down just on pay per share of only my gpu's

no more shares worth little or nothing after 15 min
no more "invalid blocks"
no more waiting for payout
no more rejected shares because your pool can't play with phoenix
no more problems & promises

I can't say you got what I was'nt or the big miners got it
but it sure wasn't this small miner

oh one last slam to me namecoins DIDN"T payoff with the last of my bitcoins
Guess you'll have some LAME excuse for that too

Thanks for forcing me to try another pool

made more elsewhere for the time you were down just on pay per share of only my gpu's

no more shares worth little or nothing after 15 min
no more "invalid blocks"
no more waiting for payout
no more rejected shares because your pool can't play with phoenix
no more problems & promises

I can't say you got what I was'nt or the big miners got it
but it sure wasn't this small miner

oh one last slam to me namecoins DIDN"T payoff with the last of my bitcoins
Guess you'll have some LAME excuse for that too

I've been doing this since the very very beginning of my mining exploits, back with slush's pool in actual fact.

Every bitcoin I've mined has been spent on silver and gold coins.

Having a direct link from the pool would be a compelling reason to join back up here, but of course, actual rates and types of gold/silver coin would be an issue. Does slush *really* want to get into the bullion dealing business?

BTW - for those seeking gold, nice small bullion-grade coins are the Mexican 2 and 2.5 peso coins. At current rates, they're costing me around 40-50 BTC each, which is achievable with a smallish mining setup every week. Seeing a gold coin appear in the post every week makes this mad enterprise worth it.

Whether the constant extraction of value from the BTC economy to precious metal bullion is good for the Bitcoin economy is a question best moved to the Economy forum... (the answer is no, it's not that good for all miners to be doing this). For that reason alone, it'd probably be best for the pools to get out of the 'extract value' business and let miners pay other Bitcoin-accepting merchants for their bullion, as it increases the BTC velocity and viability of the currency. If all miners simply cash out from the pool directly, then the value of mining will crash very quickly. All sellers and no buyers - this is a very serious issue BTW.

The largest issue becomes "friction" and "trust".

If miner cash out often & quickly they don't have to trust the pool BUT then coinage overhead and shipping overhead eats into the yield.

If miners cash out infrequently & build balances they have higher yield (less lost to coinage overhead and shipping) but need to trust the pol more.

Given how some miners freak out when a $0.50 payment is one day late that seems implausible.

Basically you're right, keeping bitcoins and spending them for goods in Bitcoin world is the best possibility. But of course a lot of miners directly sell coins on market, that's the reality. Refusing to offer some interesting payout methods don't make things better.

Actually there are some merchants accepting bitcoins for gold/silver, so payouts in gold *do* help the economy much better than selling them on MtGox for USD and push BTC price down. Of course pool payouts in Bitcoin will be here forever, I'm just thinking if there's enough interest to play with some alternatives.

ROFL that'd be so cool to tell friends, that im 'mining gold. on the internets!'