ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1273.

matauc12

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Quote from: MPOE-PR on February 13, 2013, 09:06:24 AM

Quote from: memvola on February 13, 2013, 04:42:38 AM

Quote from: 2weiX on February 13, 2013, 04:16:13 AM

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.

Sounds about right. Asicminer would probably be better served by making its own pool than by trying to making its own exchange.

I was gonna say "damn I like that idea" (seriously, no sarcasm), but then I realized a one man pool is just the same as solo mining with "rpcuser"

MPOE-PR

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Quote from: memvola on February 13, 2013, 04:42:38 AM

Quote from: 2weiX on February 13, 2013, 04:16:13 AM

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.

Sounds about right. Asicminer would probably be better served by making its own pool than by trying to making its own exchange.

kibblesnbits

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Quote from: DutchBrat on February 13, 2013, 02:30:57 AM

Call me crazy... but if I ran a mining/hardware company with shareholders I would let them know when the 1st ASIC came online, and then again when surpassing the 1 TH/s mark.... tell the shareholders where they can see speed and earnings.....and not wait till the next weekly update..... Huh

I'm pretty sure Friedcat would do the same...

I don't think it's ASICminer....

edit: it looks more like 16 Avalons coming online

I'll call ya crazy. Wink

If I had a car company that promised 300 miles per gallon? Before the public announcement, I'd have people make sure the thing doesn't catch fire while driving it. Don't make any kind of announcements until it's solid. I can wait.

2weiX

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this space intentionally left blank

Quote from: memvola on February 13, 2013, 04:42:38 AM

Quote from: 2weiX on February 13, 2013, 04:16:13 AM

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.

using a pool with 0 fees that distributes trxfees amongst his miners is +ev, no?

novusordo

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Knowing friedcat, we won't hear anything until tomorrow regardless of who the mystery miner is. Wink

Not complaining or anything, of course. His nearly-religious Thursday updates have been awesome.

SebastianJu

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I think testing asics at a pool is better than solomining because the pool has more solved blocks in the same amount of time. And thats needed for testing how fast and successful your asic is.

Im not sure if its avalon or asicminer. Friedcat seems to be more of a guy that claims success when success is made sure. So it can be its asicminer i think.

memvola

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Quote from: 2weiX on February 13, 2013, 04:16:13 AM

reduce variance. for a publicly owned miner, this is the only way to go.

I think it's the opposite, it is the only way to go for the individual miner. Being publicly owned has nothing to do with it.

If you have a high enough hashrate (more than a few percent of the network) and have to produce dividends in a long enough period (e.g. weekly), that already reduces variance. Why reduce efficiency, introduce an intermediary and increase vulnerability? Makes no sense.

2weiX

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this space intentionally left blank

Quote from: memvola on February 13, 2013, 03:53:26 AM

Quote from: LazyOtto on February 13, 2013, 02:59:51 AM

So, back on topic, from what I'm familiar with, the best pools to point ASICMINER at would be:

BitMinter
OzCoin
p2pool - with caveats

Why use a pool? I still haven't seen any good arguments for it.

reduce variance. for a publicly owned miner, this is the only way to go.

also: slush!

memvola

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Quote from: LazyOtto on February 13, 2013, 02:59:51 AM

So, back on topic, from what I'm familiar with, the best pools to point ASICMINER at would be:

BitMinter
OzCoin
p2pool - with caveats

Why use a pool? I still haven't seen any good arguments for it.

LazyOtto

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Activity: 476

Merit: 250

Quote from: Jutarul on February 13, 2013, 01:23:24 AM

Quote from: keystroke on February 13, 2013, 01:20:45 AM

Quote from: lophie on February 12, 2013, 09:58:22 PM

1.1TH,

..... and rising....

Where can you see this number?
Thanks!

http://www.btcguild.com/halloffame.php

And this has now become ... amusing:
http://www.btcguild.com/pool_chart.php

punin

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Luke-Jr

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Quote from: LazyOtto on February 13, 2013, 02:57:53 AM

Quote from: LazyOtto on February 13, 2013, 02:50:50 AM

Quote from: Luke-Jr on February 13, 2013, 02:48:32 AM

slush doesn't use CPPSRB... O.o

Apologies. Made an assumption.

I'll go look to see who actually does.

(Beginning by following the link you helpfully provided.)

And I now remember being put off that pool, back then, by statements such as:

"New miners are better off mining elsewhere until the new reward system is setup, unfortunately"
- https://bitcointalksearch.org/topic/m.1118133

I never bothered to check back to see if a "new reward system" was ever instantiated.

Yeah, that "new reward system" turned out to be CPPSRB ;p

LazyOtto

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So, back on topic, from what I'm familiar with, the best pools to point ASICMINER at would be:

BitMinter
OzCoin
p2pool - with caveats

LazyOtto

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Quote from: LazyOtto on February 13, 2013, 02:50:50 AM

Quote from: Luke-Jr on February 13, 2013, 02:48:32 AM

slush doesn't use CPPSRB... O.o

Apologies. Made an assumption.

I'll go look to see who actually does.

(Beginning by following the link you helpfully provided.)

And I now remember being put off that pool, back then, by statements such as:

"New miners are better off mining elsewhere until the new reward system is setup, unfortunately"
- https://bitcointalksearch.org/topic/m.1118133

I never bothered to check back to see if a "new reward system" was ever instantiated.

LazyOtto

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Quote from: Luke-Jr on February 13, 2013, 02:48:32 AM

slush doesn't use CPPSRB... O.o

Apologies. Made an assumption.

I'll go look to see who actually does.

(Beginning by following the link you helpfully provided.)

Luke-Jr

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Merit: 1186

Quote from: LazyOtto on February 13, 2013, 02:43:28 AM

Quote from: Luke-Jr on February 13, 2013, 02:30:30 AM

Quote from: LazyOtto on February 13, 2013, 02:11:06 AM

I find the mechanism of PPLNS easier to understand for distributing a share of the Transaction Fees in a block than DGM.

Have you considered CPPSRB? It's very similar to PPLNS, but much less variance without sacrificing reward times (with PPLNS, you can get equivalent variance only by using N=difficulty*8, which means it takes 8 blocks to get your full reward on average).

Yes, I did.

I had some hassles setting up for slush in the Fall of 2012 - surely all on my side, and also ran across statements such as these when doing research at that time:

"slush's method is high variance, less hoppable than proportional, but still significantly hoppable."
- https://bitcointalk.org/index.php?topic=1976.msg712136;topicseen#msg712136

No doubt my experience is outdated and the actual pool performance has changed since Meni Rosenfeld made those comments, but it is what it is. I've felt no need to make another try at slush since that first try.

-- edit
"it takes 8 blocks to get your full reward on average"

And since I typically see about 10 blocks a day, this hasn't impacted me. To my notice.

slush doesn't use CPPSRB... O.o

Edit: Example CPPSRB pools would be Eligius and BitPenny.

The 8 blocks thing is with low-variance PPLNS - to my knowledge, no pool uses this.

LazyOtto

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Quote from: Luke-Jr on February 13, 2013, 02:30:30 AM

Quote from: LazyOtto on February 13, 2013, 02:11:06 AM

I find the mechanism of PPLNS easier to understand for distributing a share of the Transaction Fees in a block than DGM.

Have you considered CPPSRB? It's very similar to PPLNS, but much less variance without sacrificing reward times (with PPLNS, you can get equivalent variance only by using N=difficulty*8, which means it takes 8 blocks to get your full reward on average).

Yes, I did.

I had some hassles setting up for slush in the Fall of 2012 - surely all on my side, and also ran across statements such as these when doing research at that time:

"slush's method is high variance, less hoppable than proportional, but still significantly hoppable."
- https://bitcointalk.org/index.php?topic=1976.msg712136;topicseen#msg712136

No doubt my experience is outdated and the actual pool performance has changed since Meni Rosenfeld made those comments, but it is what it is. I've felt no need to make another try at slush since that first try.

-- edit
"it takes 8 blocks to get your full reward on average"

And since I typically see about 10 blocks a day, this hasn't impacted me. To my notice.

DutchBrat

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Call me crazy... but if I ran a mining/hardware company with shareholders I would let them know when the 1st ASIC came online, and then again when surpassing the 1 TH/s mark.... tell the shareholders where they can see speed and earnings.....and not wait till the next weekly update..... Huh

I'm pretty sure Friedcat would do the same...

I don't think it's ASICminer....

edit: it looks more like 16 Avalons coming online

Luke-Jr

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Activity: 2576

Merit: 1186

Quote from: LazyOtto on February 13, 2013, 02:11:06 AM

I find the mechanism of PPLNS easier to understand for distributing a share of the Transaction Fees in a block than DGM.

Have you considered CPPSRB? It's very similar to PPLNS, but much less variance without sacrificing reward times (with PPLNS, you can get equivalent variance only by using N=difficulty*8, which means it takes 8 blocks to get your full reward on average).

LazyOtto

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Activity: 476

Merit: 250

Quote from: zefir on February 13, 2013, 02:20:57 AM

we'll know more tomorrow.

Yep.

I hope.
Unless all the ASICMINER crew evaporated for Chinese New Year?

At this time I consider it an good bet that it is either 'us', or more of the Avalons have started to be actually delivered.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1273. (Read 3917543 times)