Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers - page 164. (Read 903163 times)

While technically variance is normal...this is more of the opposite of lottery-winning variance.  This is hit by a truck while witnessing your dog get struck by lightning variance.

This is normal variance at play.

Everything is running fine, it's just really shitty luck.  2x 4(+) hour blocks in close proximity pretty much nukes the blocks per shift for most the day.  A 4 hour block is (roughly) a 7x difficulty block.  These are not extremely rare, but it is quite rare to have 2 of them very close together.

I suppose this is payback for when Guild found 11 blocks in a row the other week.

3 blocks in the last 10 shifts... what's happening?  I don't think I've ever seen luck this bad on BTCG.  Is there a technical glitch?   

Which stats page?  The PPLNS Stats page can be a bit load heavy due to the Luck Graph and 210 shifts of dat being loaded.  The Shift Detail view of PPLNS Stats is extremely heavy on the browser due to having over 11,000 rows (full shift breakdown by user) in the table that's being loaded then being paginated via JavaScript.

Dashboard and Pool Stats haven't changed and shouldn't be causing you any kind of unusual load times.

In the last month or so I've noticed the stats page is getting heavier and heavier. It's now to the point that I feel the slow down on my computer and to make things worse my iphone safari is now starting to freeze and crash. I've tried two different iphones and it is the same result. Clearing caches etc make things better on iphone for a few minutes, maybe an hour but it starts slowing down again to crashing point.

So the question is, am I mining bitcoin when I'm on stats page?

It was a 4 hour block.  Not common, but nothing wrong with it.



BTC Guild pays all orphaned blocks.  There is no difference between a stale block and an orphan block.  To the miner they're the same thing.  In both cases, the pool was not working on the dominant blockchain.  In both cases it was due to the pool not being aware of another block on the network at that same time.  You could argue an orphan might be slightly different because another pool might submit one after yours and that one ends up being dominant.  However, for a MINER, it shouldn't matter.  In both cases the pool solved a block and the miner should have been paid.  A "stale" block is just a sign of a poorly configured pool, and the pool mining a "stale" block is just as bad as an orphan in terms of lost income.

If you didn't use the pool's actual 24 hours for your numbers, you're WAY off, by nearly a factor of 2.  144 blocks * 25% = 36 blocks/day expected, which is 900 BTC.  90% of that is PPLNS and 10% is PPS (rough numbers), or 810 / 90.  810 x 2% (accounting for orphans) = 16.2 BTC.   90 x 6.5% (accounting for orphans) = 5.85.  Meaning if the pool is functioning normally, at perfectly neutral luck, it's ~22 BTC.  I did not include tx fees the pool collects because those are not a noticeable increase, and those are shared with miners.  Additionally, the pool *pays* transaction fees for all payouts which is not included.  Right now the numbers are a bit higher due to network growth.  If you want to factor that in, add an extra 20% or so.  Of course that assumes that the pool grows in unison with the overall network.

A percentage of that income is also required to be set aside as a buffer for bad luck (PPS), as well as the chance of a security breach, because unlike some pools *cough*50BTC*cough*, BTC Guild will actually honor its debts in the event of a compromise.

Is everything working OK?  My stats page shows no blocks found for the last six shifts so nothing earned for a while now, just making sure this is correct.

My calculation is very rough and only based on the total hash rate of the pool, which is again a rough figure. I used a general income calculator, which assumes 100% luck.
I guess I am not very far off from the actual income, which in anyone's eyes look amazing, so congrats on that 

May I ask again about the orphaned blocks. How is BTCGuild defining these in comparison to Bitminter? Do you have 2 categories or just 1? And you pay for all of them?

Thank you.

And his calculation was on one of the luckier days.  If he did the same calculation today he'd see I've *lost* money since last night.

Yeah that is awesome, it's great to see an entrepreneur who started several years ago getting the return on his investment. He has put in all that time and carried the risk, this is capitalism and a free market at it's best. People can mine wherever they want based off their needs for compensation. Whatever they feel is fair. If you're worried about how much he makes, you're not looking at the big picture. It takes a lot to run a pool, it's a business, it has expenses, taxes, legal retainers, all kinds of things you don't get to see behind the scenes. Plus you need to plan and save for growth, emergencies, contingencies, security. It all adds up, does he make a lot, sure, but I'm sure it's well deserved. At the end of the day I'll bet a good portion is going back into keeping things running. You want him to have a large reserve, it means he can weather the storm.

thx!

i will try this out.

This is actually doable on your own currently.  Make two workers, one for PPLNS, one for PPS.  Then when you setup your miner (cgminer/bfgminer), set up two pools for BTC Guild.  Setup one for the first worker, one for the second worker.  Set the management strategy to 'load balance'.  This will end up splitting your shares 50/50 between PPLNS and PPS.

Ah, that wasn't completely clear from the context of what you had quoted.  Now it is.
Sam

To answer opentoe a few posts back, who was interested on how much the pool owner makes.

And your point is what exactly?

Bitminter differentiates and pays out Orphaned blocks only. They only 3 for the last 1600 blocks. They never pay for Stale blocks.
According to http://bitcoin.stackexchange.com/ this is the difference: http://bitcoin.stackexchange.com/questions/5859/what-are-orphaned-and-stale-blocks

So does BTCGuild pay for Stale + Orphaned?

And in regards to pool income as of today:
90% PPLNS = ~32BTC a day
10% PPS = ~9BTC a day
minus orphaned blocks
= ~40btc a day

BitMinter has had way more than 3 in the last 1600.  I'm curious now what they use to differentiate between "stale" and "orphan" considering those mean the same thing when it comes to blocks.  They've had 3 stale+orphan in the last 100, 5 in the last 200, 7 in the last 300.

Smaller pools will have more orphans than larger ones purely because they're less likely to be able to confirm their own orphaned block than a large pool.  It's also very common to see random events (1 in 100) show up in clusters, meaning a small sample size can show a much larger (like the 3/100, 5/200, 7/300), or smaller (0/300) occurrence just due to the distribution of random events.


UPDATE:  Guild has had 4 orphans in its last 600 blocks, 7 in the last 850.  That's not far off from the approximation of 1%, which is what has been estimated by most pools for years.

Why so many orphaned? I can only compare to Bitminter, but they have only 3 for the past 1600+ blocks. Having an orphaned block is pure luck and not related to hashing speed, right?

What was BTCGuild speed 2 retargets ago?

Subtract 1% from the 3% fee for orphaned blocks, which are roughly 1 in 100 blocks.  And PPS is barely over 10% of the pool now.


And don't "imagine what it was 2 difficulty retargets ago", because BTC Guild was not 2700 TH/s 2 retargets ago.