7Gh/s ... NMC or BTC ... or BTC pool hopping? - page 2.

AngelusWebDesign

sr. member

Activity: 392

Merit: 250

You can rationalize your theft all you want.

You aren't putting in 15% more effort to find blocks, but you'll happily walk away with 15% more pay.

Mining namecoins for a few days is different. You're mining something more profitable. You're not stealing from anyone.
When you pool hop, you steal from the other pool members, who make less money than they *should* because of your "optimizations".

That's cheating, and stealing.

It's nice to know the next generation doesn't have any morals. Roll Eyes

1.21gigawatts

member

Activity: 98

Merit: 10

Anusgelus doesn't know how to pool hop, so he will tell everyone to avoid doing it because it doesn't benefit him. He will scare you into stop mining though.

kiwiasian

full member

Activity: 168

Merit: 100

Quote from: Artefact2 on July 24, 2011, 01:32:32 PM

Quote from: AngelusWebDesign on July 24, 2011, 01:25:18 PM

You know, pool hopping is cheating, plain and simple.

You're stealing from the honest miners who participate in those pools.

Pools are a zero-sum game. Your gain is someone else's loss. And since you haven't done anything positive to help find a block -- quite the opposite -- you're stealing the extra, not earning it.

And don't tell me you're using "math skills" to earn more money -- thieves and con men work at their trade as well. It's still theft.

Matthew

Troll spotted. You sir are wrong. Pool hopping is a practical solution to earn more bitcoins. Now of course it only works if only a minority of people do it, but if you gain something from it, good for you.

I think you know that and you are pool hopping yourself while trying to convince others not to do it so it's more profitable for you.

This. There is nothing wrong with maximizing your profits.

Artefact2

full member

Activity: 123

Merit: 100

Quote from: AngelusWebDesign on July 24, 2011, 01:25:18 PM

You know, pool hopping is cheating, plain and simple.

You're stealing from the honest miners who participate in those pools.

Pools are a zero-sum game. Your gain is someone else's loss. And since you haven't done anything positive to help find a block -- quite the opposite -- you're stealing the extra, not earning it.

And don't tell me you're using "math skills" to earn more money -- thieves and con men work at their trade as well. It's still theft.

Matthew

Troll spotted. You sir are wrong. Pool hopping is a practical solution to earn more bitcoins. Now of course it only works if only a minority of people do it, but if you gain something from it, good for you.

I think you know that and you are pool hopping yourself while trying to convince others not to do it so it's more profitable for you.

grod

full member

Activity: 154

Merit: 100

Quote from: AngelusWebDesign on July 24, 2011, 01:25:18 PM

You know, pool hopping is cheating, plain and simple.

You're stealing from the honest miners who participate in those pools.

Pools are a zero-sum game. Your gain is someone else's loss. And since you haven't done anything positive to help find a block -- quite the opposite -- you're stealing the extra, not earning it.

And don't tell me you're using "math skills" to earn more money -- thieves and con men work at their trade as well. It's still theft.

Matthew

It is no more stealing than switching from BTC to namecoin mining during the subsidized periods. It's extra effort, analysis and development relative to firing up a miner and forgetting about it.

Non-proportional pools are optimized to avoid pool hopping. Some proportional pools are optimized to promote pool hopping, others have various barriers to discourage it.

Expect people do what is in their best interest in a free market on average. Expecting anything else is not rational.

marvinmartian

full member

Activity: 224

Merit: 100

Quote from: grod on July 24, 2011, 12:03:21 PM

Pool hopping is based on the premise of avoiding "blocks of death", those 3+ hour sessions which have the same payout as 10 minute ones.

You abandon a pool to switch to the "freshest" block when it reaches 43.5% (or thereabouts). If the solution is found before then or shortly after, great. You get your full share. If the solution is found several hours after that, great, you've received a minimum of 43.5% for a disproportionately short participation. Meanwhile you've likely participated in several short blocks in other pools.

How do you know when a pool reaches 43.5% (or any %) since block solution is random?

AngelusWebDesign

sr. member

Activity: 392

Merit: 250

You know, pool hopping is cheating, plain and simple.

You're stealing from the honest miners who participate in those pools.

Pools are a zero-sum game. Your gain is someone else's loss. And since you haven't done anything positive to help find a block -- quite the opposite -- you're stealing the extra, not earning it.

And don't tell me you're using "math skills" to earn more money -- thieves and con men work at their trade as well. It's still theft.

Matthew

grod

full member

Activity: 154

Merit: 100

Pool hopping is based on the premise of avoiding "blocks of death", those 3+ hour sessions which have the same payout as 10 minute ones.

You abandon a pool to switch to the "freshest" block when it reaches 43.5% (or thereabouts). If the solution is found before then or shortly after, great. You get your full share. If the solution is found several hours after that, great, you've received a minimum of 43.5% for a disproportionately short participation. Meanwhile you've likely participated in several short blocks in other pools.

I'm unsure but I think the pay for last share pools increase the payout of this strategy over and above simple hopping from proportional pools.

In other words, it has NOTHING to do with connection reliability (you can run more than one miner per GPU each in a different pool if you want that) and everything to do with collecting more than your share for work submitted.

gw4tt

full member

Activity: 126

Merit: 100

difficulty went back up on namecoin. I wouldn't pool hop, but I would setup different miners on your cards pointed at different pools so you can get the most up time.

marvinmartian

full member

Activity: 224

Merit: 100

Have read some of the threads regarding NMC mining > BTC mining. Is that still true or did the difficulty factor skyrocket and end the party?

Have also read about BTC pool hopping. Not clear on how that nets you any gain. If you leave a pool you have fewer shares for the round and hence make less. Is there a loophole in how shares are calculated that would let you benefit from having few shares in many pools = more than all your shares from one?

Topic: 7Gh/s ... NMC or BTC ... or BTC pool hopping? - page 2. (Read 5320 times)