[ Bonus PPS Pool - 130% PPS - OPEN ] - page 34.

martychubbs

hero member

Activity: 742

Merit: 503

Quote from: Clipse on May 24, 2012, 04:01:39 AM

Those calculations you made are hugely over calculated considering Ive done them many times allready.

Working from purely direct exchange rate even if we remain at the vircurex.com rates(lets assume it allways remains at similar ratios)

Let me start, first of all there is next to no liquidity at the top rates.

Now to look at the top buy orders(not liquid at all)

5000DVC(1 DVC BLOCK) = 0.01515 BTC extra x 21.88 = 0.331482 BTC
24IOC(1 IOC BLOCK) = 0.004848 BTC extra x 264.92 = 1.28433216 BTC
96IXC(1 IXC BLOCK) = 0.02990784 BTC extra x 26.86 = 0.80332458 BTC
50NMC(1 NMC BLOCK) = 0.3556 BTC extra x 2.57 = 0.913892 BTC

So on average for every 50BTC you mine, you would end up with 53.33303074 BTC (~6.666% ie. extra 6.666% in earnings), this is all best case scenario since there is nowhere near enough volume on vircurex to assume these as realistic numbers, I would slice these extra earnings by 50% to atleast assume liquidity on the exchange.

So ultimately to answer your question, with us you would earn at current rate 110% PPS and with bitparking you would earn 97.5% + 6.666% = 104.166% PPS rate best case scenario and any miner with high volume would likely only earn at 100-102% at best.

So can you see that you have made a huge error in your calculations ?

My experience helps me side with you...wish it were easier to mine anything but BTC/NMC....

I think people like hitting all the buttons on BP...I did Grin

Clipse

hero member

Activity: 504

Merit: 502

NOTICE:

So I thought I got the different difficulty listing display fixed but now for some reason it swapped back(old difficulty shares listing new difficulty + updated sharecount under it) , this is occuring only for a couple of accounts for some strange reason. I will try get this resolved as soon as I figured out why its happening on just a few accounts heh.

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: Clipse on May 24, 2012, 11:12:14 AM

Quote from: MrTeal on May 24, 2012, 11:01:26 AM

Back on topic: A little over 1 hour to the new difficulty.
Difficulty 1733208
Estimated 1595393 in 12 blks

I for one an looking forward to the PPS rates going up 8%.

Yeh, I think we can all do with a diff drop

Oh the days ofdifficulty 1000 !!! Wish I had been mining back then
G P U mining ;-)

Clipse

hero member

Activity: 504

Merit: 502

Quote from: MrTeal on May 24, 2012, 11:01:26 AM

Back on topic: A little over 1 hour to the new difficulty.
Difficulty 1733208
Estimated 1595393 in 12 blks

I for one an looking forward to the PPS rates going up 8%.

Yeh, I think we can all do with a diff drop Cheesy

MrTeal

legendary

Activity: 1274

Merit: 1004

Back on topic: A little over 1 hour to the new difficulty.
Difficulty 1733208
Estimated 1595393 in 12 blks

I for one an looking forward to the PPS rates going up 8%.

Clipse

hero member

Activity: 504

Merit: 502

Quote from: ?? on ??

Quote from: Clipse on May 24, 2012, 10:36:22 AM

Quote from: ?? on ??

Quote from: Clipse on May 24, 2012, 10:33:59 AM

Quote from: ?? on ??

I wish to mine it. I heard if I mine it, they will come.

Is that some badly scripted dialog? Does not compute..meep....meep.

All the blocks will fall into my pockets.

And the heavens shall cast out the angel of blockmageddon.

In the land of the stale, are you, in fact, the man with one share?

pfft, lets stay on topic, this is off-topic crap

Clipse

hero member

Activity: 504

Merit: 502

Quote from: ?? on ??

Quote from: Clipse on May 24, 2012, 10:33:59 AM

Quote from: ?? on ??

I wish to mine it. I heard if I mine it, they will come.

Is that some badly scripted dialog? Does not compute..meep....meep.

All the blocks will fall into my pockets.

And the heavens shall cast out the angel of blockmageddon.

Clipse

hero member

Activity: 504

Merit: 502

Quote from: ?? on ??

I wish to mine it. I heard if I mine it, they will come.

Is that some badly scripted dialog? Does not compute..meep....meep.

Clipse

hero member

Activity: 504

Merit: 502

Quote from: DutchBrat on May 24, 2012, 10:01:32 AM

Quote from: MrTeal on May 24, 2012, 09:47:36 AM

Quote from: lightlord on May 24, 2012, 03:08:06 AM

Actually why don't you mine at this pool? You would hugely profit, and you can offer 130% PPS Pool mining rates.

http://mmpool.bitparking.com/user/lightlord1233NA Confirms with my numbers above, However by the time you check this,
it will of gone up.

Sorry, I just withdrew your devcoin to your address. I didn't think a button on a public unsecured webpage would actually allow financial transactions to be committed.

LOL, that is bad on so many levels..... What the Hell !!!! Shocked

lol, well I dont think its that bad since the withdrawal can only occur to the mined address which means atleast no theft can take place except some funny games Wink

That said, I hope he can see now after I showed him the real maths behind all the merged coins, that it doesnt come anywhere close to his supposed 121% PPS.

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: MrTeal on May 24, 2012, 09:47:36 AM

Quote from: lightlord on May 24, 2012, 03:08:06 AM

Actually why don't you mine at this pool? You would hugely profit, and you can offer 130% PPS Pool mining rates.

http://mmpool.bitparking.com/user/lightlord1233NA Confirms with my numbers above, However by the time you check this,
it will of gone up.

Sorry, I just withdrew your devcoin to your address. I didn't think a button on a public unsecured webpage would actually allow financial transactions to be committed.

LOL, that is bad on so many levels..... What the Hell !!!! Shocked

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: lightlord on May 24, 2012, 03:08:06 AM

Actually why don't you mine at this pool? You would hugely profit, and you can offer 130% PPS Pool mining rates.

http://mmpool.bitparking.com/user/lightlord1233NA Confirms with my numbers above, However by the time you check this,
it will of gone up.

Sorry, I just withdrew your devcoin to your address. I didn't think a button on a public unsecured webpage would actually allow financial transactions to be committed.

DutchBrat

hero member

Activity: 868

Merit: 1000

Stale: 0.22% = Big Smile Grin

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: lightlord on May 24, 2012, 03:08:06 AM

Actually why don't you mine at this pool? You would hugely profit, and you can offer 130% PPS Pool mining rates.

http://mmpool.bitparking.com/user/lightlord1233NA Confirms with my numbers above, However by the time you check this,
it will of gone up.

Don't forget the fees charged by vircurex in withdrawing and trading too.

Clipse

hero member

Activity: 504

Merit: 502

Quote from: dmcurser on May 24, 2012, 04:53:47 AM

hey clipse it seem the pool says my 15 min has rate is alot lower then it is. i should be right around 6g and its saying im at 4.1 g. but i just check all my rigs and there all up and running fine any insight on this maybe.

Heya

the 15min is allways at N/A, I assume you mean the 5min, Im only seeing between 4.6-4.8GH (webstats showing 4.6GH which is roughly correct based on +- variance) coming from you right now looking at the realtime hashrate. Are you sure that some of your miners didnt switch and remain at a backup pool since the downtime around the payment cycle history processing ? I know even cgminer 2.4.1 can be finiky and remain stuck at backup pool when primary failed.

EDIT: Just restarted the pool in case its related but shouldnt be since all other miners were showing correct hashrates based on what they claimed to connect with.

EDIT: Ok, give it few updates to catch up and if you are certain all your miners are connected it should then show very close to 6GH, sometimes bit more and sometimes bit less which is normal.

dmcurser

hero member

Activity: 502

Merit: 500

hey clipse it seem the pool says my 15 min has rate is alot lower then it is. i should be right around 6g and its saying im at 4.1 g. but i just check all my rigs and there all up and running fine any insight on this maybe.

Clipse

hero member

Activity: 504

Merit: 502

PAYMENTS PROCESSED:

All Pure PPS + Bonus PPS for 20 May 00:00:00 - 23 May 23:59:59 paid.

Clipse

hero member

Activity: 504

Merit: 502

Those calculations you made are hugely over calculated considering Ive done them many times allready.

Working from purely direct exchange rate even if we remain at the vircurex.com rates(lets assume it allways remains at similar ratios)

Let me start, first of all there is next to no liquidity at the top rates.

Now to look at the top buy orders(not liquid at all)

5000DVC(1 DVC BLOCK) = 0.01515 BTC extra x 21.88 = 0.331482 BTC
24IOC(1 IOC BLOCK) = 0.004848 BTC extra x 264.92 = 1.28433216 BTC
96IXC(1 IXC BLOCK) = 0.02990784 BTC extra x 26.86 = 0.80332458 BTC
50NMC(1 NMC BLOCK) = 0.3556 BTC extra x 2.57 = 0.913892 BTC

So on average for every 50BTC you mine, you would end up with 53.33303074 BTC (~6.666% ie. extra 6.666% in earnings), this is all best case scenario since there is nowhere near enough volume on vircurex to assume these as realistic numbers, I would slice these extra earnings by 50% to atleast assume liquidity on the exchange.

So ultimately to answer your question, with us you would earn at current rate 110% PPS and with bitparking you would earn 97.5% + 6.666% = 104.166% PPS rate best case scenario and any miner with high volume would likely only earn at 100-102% at best.

So can you see that you have made a huge error in your calculations ?

lightlord

donator

Activity: 3228

Merit: 1226

★Bitvest.io★ Play Plinko or Invest!

Actually why don't you mine at this pool? You would hugely profit, and you can offer 130% PPS Pool mining rates.

http://mmpool.bitparking.com/user/lightlord1233NA Confirms with my numbers above, However by the time you check this,
it will of gone up.

lightlord

donator

Activity: 3228

Merit: 1226

★Bitvest.io★ Play Plinko or Invest!

bitcoin   9.31819951
devcoin   66983.68196014
i0coin   4422.72658620
ixcoin   1619.38586457
namecoin   73.51752925

This is my total mining funds.

I0coins sell for 0.884 Bitcoin at https://www.vircurex.com/
Name sell for 0.523 Bitcoin at https://www.vircurex.com/
devicoin sell for 0.283 Bitcoin at https://www.vircurex.com/
ixcoin sell for 0.504 Bitcoin at https://www.vircurex.com/

BTC/DVC   0.00000283   0.00000405   0.00000283
BTC/GG   0.00000108   0.00001499   0.00000100
BTC/I0C   0.00020200   0.00055000   0.00050000
BTC/IXC   0.00031154   0.00040000   0.00039900
BTC/LQC   0.00005502   0.00011000   0.00005501
BTC/LTC   0.00058606   0.00064882   0.00064161
BTC/NMC   0.00711200   0.00750000   0.00711200

9.318+0.884+0.523+0.283+0.504=11.512 Bit coins

2.5% fee 97.5%.

9.31819951*1.025(Pool fee)=9.55115449=~9.551
11.512/9.551=1.205

Going by these calculations I judge them to be 121% PPS Pool.
Not sure where you got your numbers, I calculated them to the pricing they sell for.

Clipse

hero member

Activity: 504

Merit: 502

Quote from: lightlord on May 24, 2012, 02:54:05 AM

Is it possible to give me a rough bitcoin pps amount?
They had 0.00002813.

If you were to calculate yours by share that would be?

Yes, as stated we pay 110% that would be 0.00002885 x 1.10 = 0.000031735 Bonus PPS rate , these rates can change however but so far Ive remained above 100% consistently and if rates change I inform miners before the next payment cycle.

Topic: [ Bonus PPS Pool - 130% PPS - OPEN ] - page 34. (Read 94062 times)