Analysis of Bitcoin Pooled Mining Reward Systems

Roebucks

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Quote from: NotFuzzyWarm on May 24, 2018, 10:03:00 AM

^^ you are asking for a document that is over 7 years old...
Very safe bet that most of the information is obsolete. Most of the pools running today were started long after that was written and the mining landscape has drastically changed since then.

Kudos for knowing how to search (and found this) though!

Look at https://bitcointalksearch.org/topic/m.1146108 at the top of this section. That is the most up to date info on pools running today.

Agree

DrunkenDollar

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i need to read it twice to be understand Shocked

NotFuzzyWarm

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Evil beware: We have waffles!

^^ you are asking for a document that is over 7 years old...
Very safe bet that most of the information is obsolete. Most of the pools running today were started long after that was written and the mining landscape has drastically changed since then.

Kudos for knowing how to search (and found this) though!

Look at https://bitcointalksearch.org/topic/m.1146108 at the top of this section. That is the most up to date info on pools running today.

bernard75

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Quote from: high110 on October 28, 2013, 06:28:17 PM

Quote from: Meni Rosenfeld on October 28, 2013, 12:07:53 AM

Quote from: high110 on October 27, 2013, 06:04:40 PM

So...what pools would you use? What's PtoPool???

P2pool is a p2p pool. As far as reward methods go, I would use any pool that has a hopping-proof method.

What's a hopping proofing method and which pools offer it? I tried to look on the wiki forum...but it doesn't say anything about hopping-proof.

Thats because its misspelled, it should read hoping-for-profit.

annable

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Great helpful

JimmyGTO

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Very informative post.

roy7

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I do wish p2pool used DGM, but PPLNS is a decent method.

organofcorti

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Poor impulse control.

Quote from: high110 on October 28, 2013, 06:28:17 PM

Quote from: Meni Rosenfeld on October 28, 2013, 12:07:53 AM

Quote from: high110 on October 27, 2013, 06:04:40 PM

So...what pools would you use? What's PtoPool???

P2pool is a p2p pool. As far as reward methods go, I would use any pool that has a hopping-proof method.

What's a hopping proofing method and which pools offer it? I tried to look on the wiki forum...but it doesn't say anything about hopping-proof.

PPLNS, PPS, DGM. If you want more details, it's all explained in the paper linked to on the first page of this thread.

high110

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A Blockchain Mobile Operator With Token Rewards

Quote from: Meni Rosenfeld on October 28, 2013, 12:07:53 AM

Quote from: high110 on October 27, 2013, 06:04:40 PM

So...what pools would you use? What's PtoPool???

P2pool is a p2p pool. As far as reward methods go, I would use any pool that has a hopping-proof method.

What's a hopping proofing method and which pools offer it? I tried to look on the wiki forum...but it doesn't say anything about hopping-proof.

Meni Rosenfeld

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Quote from: high110 on October 27, 2013, 06:04:40 PM

So...what pools would you use? What's PtoPool???

P2pool is a p2p pool. As far as reward methods go, I would use any pool that has a hopping-proof method.

high110

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A Blockchain Mobile Operator With Token Rewards

So...what pools would you use? What's PtoPool???

Meni Rosenfeld

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Quote from: gmaxwell on October 26, 2013, 11:01:17 PM

Quote from: Meni Rosenfeld on October 16, 2013, 05:40:20 PM

Quote from: ssateneth on October 16, 2013, 05:09:53 PM

Where is CPPSRB?

Not worth spending time on. I believe it was invented / became popular after the paper was completed, and I don't update it for every new broken method. IIRC, it's fairly similar to the *SMPPS.

Weird. I thought I heard you using it as an example at the conference as a scheme which made a long term uncertainty of when you'd be paid.

I think it's something of an extreme example of making tradeoff for the lowest long term uncertainty in exchange for the higher medium term uncertainty. Kind of an odd example. Primary argument I have against it is that the high medium term uncertainty kinda stinks.

I didn't mention CPPSRB except perhaps in the context of the list of pools and their methods in the end; and I didn't use the term "long-term uncertainty". Of course, this doesn't contradict the statement that it is newer than the paper; the paper is 2 years old.

The closest thing I can think of is in the reward method triangle, I've probably mentioned that PPLNS can achieve any tradeoff between variance and maturity time.

The main problem with CPPSRB, as with all other methods that I refer to as broken, is that it is not hopping-proof. The hoppability is low, but still exists.

gmaxwell

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Quote from: Meni Rosenfeld on October 16, 2013, 05:40:20 PM

Quote from: ssateneth on October 16, 2013, 05:09:53 PM

Where is CPPSRB?

Not worth spending time on. I believe it was invented / became popular after the paper was completed, and I don't update it for every new broken method. IIRC, it's fairly similar to the *SMPPS.

Weird. I thought I heard you using it as an example at the conference as a scheme which made a long term uncertainty of when you'd be paid.

I think it's something of an extreme example of making tradeoff for the lowest long term uncertainty in exchange for the higher medium term uncertainty. Kind of an odd example. Primary argument I have against it is that the high medium term uncertainty kinda stinks.

Meni Rosenfeld

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Quote from: ssateneth on October 16, 2013, 05:09:53 PM

Where is CPPSRB?

Not worth spending time on. I believe it was invented / became popular after the paper was completed, and I don't update it for every new broken method. IIRC, it's fairly similar to the *SMPPS.

ssateneth

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Where is CPPSRB?

Meni Rosenfeld

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Quote from: bernard75 on October 10, 2013, 01:38:13 PM

Quote from: organofcorti on October 08, 2013, 06:44:24 AM

Bitpit. They died and took some of my coins with them.

What do you mean they died? They made a run for it, when it was at the highest.

The pool died, not its operators...

bernard75

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Quote from: organofcorti on October 08, 2013, 06:44:24 AM

Bitpit. They died and took some of my coins with them.

What do you mean they died? They made a run for it, when it was at the highest.

organofcorti

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Poor impulse control.

Quote from: Meni Rosenfeld on October 01, 2013, 12:46:21 PM

Quote from: ThinkFast on October 01, 2013, 12:35:29 PM

There is no pool that matches this category [Equalized SMPPS (ESMPPS)] exactly. So the leaves SMPPS as the best category?
Thanks

I don't understand the question. SMPPS and ESMPPS are among the worst methods that exist.

There was an ESMPPS pool once. I don't remember its name.

Bitpit. They died and took some of my coins with them.

Meni Rosenfeld

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Quote from: ThinkFast on October 01, 2013, 03:29:52 PM

Quote from: Meni Rosenfeld on October 01, 2013, 12:46:21 PM

Quote from: ThinkFast on October 01, 2013, 12:35:29 PM

There is no pool that matches this category [Equalized ~~SMPPS~~ (ESMPPS)] exactly. So the leaves SMPPS as the best category?
Thanks

I don't understand the question. SMPPS and ESMPPS are among the worst methods that exist.

There was an ESMPPS pool once. I don't remember its name.

I see the table is split into 2 pieces (wrapped). I misread it. My concentration is about 50/50 today.
So PPS is best category.
Thanks for throwing a red flag.

Oh, you're talking about the summary paper.

Yeah, PPS is the method with the most potential but it needs to be done right.

ThinkFast

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Quote from: Meni Rosenfeld on October 01, 2013, 12:46:21 PM

Quote from: ThinkFast on October 01, 2013, 12:35:29 PM

There is no pool that matches this category [Equalized ~~SMPPS~~ (ESMPPS)] exactly. So the leaves SMPPS as the best category?
Thanks

I don't understand the question. SMPPS and ESMPPS are among the worst methods that exist.

There was an ESMPPS pool once. I don't remember its name.

I see the table is split into 2 pieces (wrapped). I misread it. My concentration is about 50/50 today.
So PPS is best category.
Thanks for throwing a red flag.

Topic: Analysis of Bitcoin Pooled Mining Reward Systems (Read 36536 times)