[DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too - page 125.

ancow

full member

Activity: 373

Merit: 100

Quote from: ?? on ??

Quote from: eleuthria on August 30, 2011, 07:47:30 PM

Quote from: ?? on ??

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee

Taking 2% off the block vs 2% off each user's reward results in the exact same payout for each user and the same amount for the pool. It doesn't matter if you take 2% off the top of the block, or 2% off the individuals rewards. If everybody on BTC Guild donated 3%, their rewards would be identical to what they would have received on Deepbit assuming their proportion of the block was the same.

The fee/donation at BTC Guild is per block. There is no difference in the way rewards are determined between BTC Guild and Deepbit, other than the fact that you pick your personal fee based on what additional features you want and what you feel its worth.

Dude, Again, No they dont, BTCguild takes thier donation fee% out of everyshare you submit.
Deepbit taxes the block then feeds out the rewards

I sincerely want to thank you for all those chuckles. Also, I think I'm going to save this somewhere to prove to people how not knowing basic maths can cost you money...

Now, to prove to you (or at least someone who can actually do maths) that 3% off the total block reward is the same as taking 3% off each share (note that I chose fictional values to make it easy to follow):

Lets assume you were working on a block that took exactly 200 shares to solve. You contributed 100 of them.

On deepbit, you would get half of 48.5 BTC, which is 24.25 BTC ((48.5 BTC / 200 total shares) * 100 profit shares = 24.25 BTC).
On BTC Guild, if you donate 3%, 3 of those shares would be used for donation, the 97 others would be profit. Now, (50 BTC / 200 total shares) * 97 profit shares = 24.25 BTC...

Yeah, obviously deepbit pays more. Tongue

eleuthria

legendary

Activity: 1750

Merit: 1007

Quote from: ?? on ??

Quote from: eleuthria on August 30, 2011, 07:47:30 PM

Quote from: ?? on ??

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee

Taking 2% off the block vs 2% off each user's reward results in the exact same payout for each user and the same amount for the pool. It doesn't matter if you take 2% off the top of the block, or 2% off the individuals rewards. If everybody on BTC Guild donated 3%, their rewards would be identical to what they would have received on Deepbit assuming their proportion of the block was the same.

The fee/donation at BTC Guild is per block. There is no difference in the way rewards are determined between BTC Guild and Deepbit, other than the fact that you pick your personal fee based on what additional features you want and what you feel its worth.

Dude, Again, No they dont, BTCguild takes thier donation fee% out of everyshare you submit.
Deepbit taxes the block then feeds out the rewards

I own BTC Guild. I know how it works. (Your Shares / Total Shares) * 50 BTC = Proportional reward. It is then reduced by your donation percent.

Sorry for the thread hijack [Tycho], but when someone starts stating completely false comparisons like BTC Guild taking fees from individual shares rather than per-block rewards, I have to correct them.

Kermee

full member

Activity: 154

Merit: 100

Quote from: ?? on ??

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee

You misquote who you were responding to?

Cheers,
Kermee

eleuthria

legendary

Activity: 1750

Merit: 1007

Quote from: ?? on ??

I think you've failed to see blatent point of how the two pools use a different method of implementing thier fee

Taking 2% off the block vs 2% off each user's reward results in the exact same payout for each user and the same amount for the pool. It doesn't matter if you take 2% off the top of the block, or 2% off the individuals rewards. If everybody on BTC Guild donated 3%, their rewards would be identical to what they would have received on Deepbit assuming their proportion of the block was the same.

The fee/donation at BTC Guild is per block. There is no difference in the way rewards are determined between BTC Guild and Deepbit, other than the fact that you pick your personal fee based on what additional features you want and what you feel its worth.

Sukrim

legendary

Activity: 2618

Merit: 1007

I wouldn't try arguing statistics with 24/7 proportional miners... Grin

eleuthria

legendary

Activity: 1750

Merit: 1007

Quote from: ?? on ??

Quote from: m3ta on August 28, 2011, 10:12:00 PM

Quote from: Fiyasko on August 25, 2011, 10:52:12 AM

And the "please consider delaying stats" What The Fuck? Why? who the hell Wants to wait 120confirmations just to see Any of thier work actually be "legitamit"

That's actually where i think that BTCGuild's model is close to perfect - instead of robbing you (oh, sorry, i mean "high fees"), their donation->immediate confirmation with no need for the 120 is really, really fair and more than adequate for everyone's needs. You want instant "legitimacy", donate 2.5%. It's not like it's a big value, like 10%.

At BTCGuild they take xyz% fee out of total shares submitted So if i mine a Grand Total of 50coins over a Long time, Im paying on xyz% of EACH SHARE SUBMITTED.
Correct me if im wrong.
But when i was at btcguild with a .5% fee set, The "total donated" was Rocketing up there and i was "donating" out the ass to them. the ".5%donation" was on Every Fucking Share.
Rather than Everyone getting slapped pre-empitivly with 3% Once on the block
Quote BTCGuild front page "We do not take any fee from the block reward itself."

Deepbit taxes the 50coin block with 3% once and thats over and done with, Then we get rewarded for each share we submitted

In short. IMO Deepbit's 3%tax is Much less than BTCGuilds .5%"donation"

Do the math, seriously, If i submit 10,000 shares to deepbit then 300 of thoses shares are paying for the tax. But thier not, all my shares have already been taxed.
If i submit 10,000 shares to BTCguild then each and Every One of my shares gets hit with a .5%"donation".

Again, Correct me if im wrong.
(score=antihopper)

You're absolutely wrong. 3% off the top of the block means your rewards are 3% lower. Donating 2% of your rewards = Your rewards are 2% lower.

Block reward is 50. Your reward is calculated proportionally, exactly like deepbit. If you have a donation percent of 2%, your reward is reduced by that percentage. Assuming you had two blocks with the exact same share counts on BTC Guild and Deepbit, and your contribution was the same number of shares, your reward would be 1% higher. We use the -exact same- reward system as Deepbit: Proportional.

Fiyasko

legendary

Activity: 1428

Merit: 1001

Okey Dokey Lokey

Quote from: callmeivan on August 30, 2011, 10:53:53 AM

If some of you guys want email notifications for idle deepbit workers please have a look at https://bitcointalksearch.org/topic/deepbit-idle-worker-email-notifications-01-btcmonth-40263

I still have some free accounts available, after they are gone i will charge only 0.1 BTC / month.

See? it's been 200pages and now someone has made a service for email notifications.
Seriously why didnt DeepBit have built in email Notifys around page 70,

And Please put freaking email notifications in -_-"... c'mon man were paying 3% if i had this buddy's service i wouldnta lost 7hrs of mining the other night

callmeivan

newbie

Activity: 33

Merit: 0

If some of you guys want email notifications for idle deepbit workers please have a look at https://bitcointalksearch.org/topic/deepbit-idle-worker-email-notifications-01-btcmonth-40263

I still have some free accounts available, after they are gone i will charge only 0.1 BTC / month.

pekv2

hero member

Activity: 770

Merit: 502

I think, we are working on the current block/blocks that is 1777774, once we hit blocks that starts at 1779164, it will update to 1779164.

ancow

full member

Activity: 373

Merit: 100

Quote from: Mt.Fun on August 30, 2011, 09:36:57 AM

What's up with the new difficulty being reported as 1777774 on deepbit but 1779164 everywhere else?

Hmm, my bitcoind also says 1777774 (1777774.48200146 to be precise). So I'd ask, what's up with everyone else reporting the wrong value? Tongue

Mt.Fun

member

Activity: 75

Merit: 10

What's up with the new difficulty being reported as 1777774 on deepbit but 1779164 everywhere else?

Fiyasko

legendary

Activity: 1428

Merit: 1001

Okey Dokey Lokey

Quote from: CanaryInTheMine on August 29, 2011, 09:09:48 PM

Quote from: thefussydutchman on August 29, 2011, 09:03:11 PM

thanks

You do know I was joking, right?

Ahaha.
It's the same thing as pushing the reset button on your cars odometer.

Kermee

full member

Activity: 154

Merit: 100

Quote from: CanaryInTheMine on August 29, 2011, 09:09:48 PM

Quote from: thefussydutchman on August 29, 2011, 09:03:11 PM

thanks [for the chuckle!]

You do know I was joking, right?

Fixed it.

Cheers,
Kermee

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

Quote from: thefussydutchman on August 29, 2011, 09:03:11 PM

thanks

You do know I was joking, right?

thefussydutchman

full member

Activity: 142

Merit: 100

BTC- Its not a bubble.

thanks

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

Quote from: thefussydutchman on August 29, 2011, 08:42:08 PM

so sorry bit of a noob question! What does resting the counters do for me?

gives them a breather from all the hard work...

sharky112065

sr. member

Activity: 383

Merit: 250

I just noticed it took 45 seconds after the long poll/end of work to get new work on my miners. Also noticed my payouts are less; especially for really short blocks (got my first zero payout ever at 5.5 Ghash/s).

My net connection is good.

Anyone know what is going on?

thefussydutchman

full member

Activity: 142

Merit: 100

BTC- Its not a bubble.

so sorry bit of a noob question! What does resting the counters do for me?

Mt.Fun

member

Activity: 75

Merit: 10

Quote from: Sukrim on August 29, 2011, 01:54:18 PM

Would be useless to delay stats if you would still get a live update on payouts, hm?

With 99% certainty also rewards are delayed by 1 hour.

Well, you wouldn't be able to know specifically how long each block took even if rewards were reported live (at the end of the hour). Plus, by the time you knew how much you had made the hour would be over so I don't see how that would help you.

EDIT: Maybe it would screw up the consistency of reporting in a way that could be exploited I don't know.

EDITEDIT: I just watched the numbers tick over on my deepbit account and it appears that you are right. The rewards are delayed by 1hr just like the block announcements.

Sukrim

legendary

Activity: 2618

Merit: 1007

Would be useless to delay stats if you would still get a live update on payouts, hm?

With 99% certainty also rewards are delayed by 1 hour.

Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too - page 125. (Read 1601412 times)