Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers - page 108. (Read 903163 times)

Eclipse is a nice pool if you need PPS.  It's stable, and it's reliable.  It's just a shame a lot of folks don't like Josh due to the BFL end of his business, but as a pool op he does seem to do a good job.

I split my hashing between BTC Guild and Eligius, and the really dodgy miners that can't stay stable, or are really slow, I run in PPS on EMC.

I understand both the miners and eleuthrias points on this.

Eleuthria: Doesnt want to keep hemoraging money due to really bad luck
Miners: Most will likely leave the pool now for a PPS enabled one.

While I feel for both the miners and Eleuthria here, one thing we all have to remember is even if we bitch til were blue in the face. Eleuthria will ultimtely do what he feel is right / what he wants to, after all this is his pool. So at this point all we as miners can do is try to make suggestions for maybe a modified PPS method or just forget about it.

For PPS to out-pay PPLNS, the luck has to be ~95% or less.  Up until this last 2 weeks, the 3-month luck was over 102%.  As a matter of fact, until this last 2 week period, BTC Guild's 3 month luck for PPLNS was paying better than what you'd get under a 0% fee PPS.

As stated above, NMC is hidden by default since the majority of users don't care about it.  You can enable it on the Settings page.  It doesn't include the detail that BTC does, basically just a balance counter and a CSV export in the settings page for your payouts.

Unlike a few other pools, BTC Guild doesn't keep the NMC if you had it hidden or didn't include a wallet.  Your account, as long as it was on PPLNS, was generating NMC the entire time and has accumulated a balance.

I hve been mining btcguild for over a month with 230gh... I had no idea there is any namecoin reward or am I reading this wrong?

That's the thing that's hard for some people to realize.  It's one of the reasons when BTC Guild became a 51% threat I tried to get people off PPS by increasing the fees.  The larger the pool, the faster PPS makes you lose money, and the faster it gains money.  It doesn't decrease the highs and the lows, it simply makes them alternate more frequently.  It becomes a roller coaster, and the amount of stress it puts on you is immeasurable.  BTC Guild, when it was pure PPS, had days where I lost over 500 BTC.  It had days where I gained over 500 BTC.  In the long run, it made a profit, but the human mind is designed to place more emphasis on negative events/emotions than positive ones, and every time it was on a losing streak it was nothing but stress over "something must be wrong" even though nothing had changed internally between the two spikes of good/bad luck.

Keeping PPS is something I've done because it made sense.  It was more profitable for me.  But these days, I'm not concerned with maximum profit but instead trying to minimize risk.  My personal goal with BTC Guild has changed in the light of the non-stop "hacks" that major Bitcoin businesses claim to have happened, putting them out of business and screwing over their users.  While I personally believe most of those "hacks" were not hacks at all, it doesn't change the fact that the people who paid for it in the end were users, not the owners, who made off with lots of profit over the years.  In light of those events, my goals with BTC Guild have changed to make sure that if/when BTC Guild is closed down, it's on my own terms, and it's on a high note.  It seems like no Bitcoin business to date has actually shut down without their users suffering some kind of loss.

PPS is in stark contrast to that goal, since it includes a risk of bankruptcy, and increased risk of loss if the pool's hot wallet ever to be compromised.

Go to your Dashboard, top left is BTC earnings and the top right is NMC

I hve been mining btcguild for over a month with 230gh... I had no idea there is any namecoin reward or am I reading this wrong?

You don't need a Namecoin wallet to earn them, they automatically accrue regardless.  You can set the wallet to an exchange (generally BTC-e) and trade them for BTC there.  I'm not planning on any auto conversion of NMC on BTC Guild.

A lot of what's hurting is too is the act that ghash has around 9Ph.

Brandon, please convice me of this becuase I'm not convinced of this point yet.  I've mined PPS and PPLNS for months now and I've not earned anywhere near the money using PPLNS.  It's very frustrating - almost 40 to 50% less.  So how exactly will I earn more when I'm just not seeing the payouts.  PPLNS is like: most days it's below 100% and every now and then it spikes above.   

This unlucky streak won't end!

Unfortunately, since BtcGuild only commands ~20% of the network now, I think we're in for more variance going forward. I might split my miners between BtcGuild and Eligius to reduce variance.

Now that you have reduced your risk and banked a bunch of coins on PPS when the going was good any chance of reducing fees to attract more people and grow the pools hash rate?