Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too - page 307. (Read 1601412 times)
March 07, 2011, 10:14:29 AM
My balance got emptied but I didn't receive anything, is everything ok?
March 07, 2011, 10:13:02 AM
Sorry, I know this is a complete newbie question but, can anyone explain to me what proportional method of payment is?
If I understand correctly, you get paid for every share to find with PPS, and with proportional you get paid the number of shares you contributed to finding a block?
If I understand correctly, you get paid for every share to find with PPS, and with proportional you get paid the number of shares you contributed to finding a block?
March 07, 2011, 09:55:29 AM
So it's someone called "Tyco" who steals all my profit ?
LOL, sorry man, i wrote it as i pronounced it; forgot there's an "h". Honest mistake 
. March 07, 2011, 09:27:48 AM
PPS is a way for some people who lose too much to Proportional because of not mining 24/7. But also, it brings more profit to Tyco. From what i've seen, and the averages i've calculated, it's exactly the same for Tyco, he doesn't pay anything from his own pocket in the long run. Except that PPS gives him 7% more profit, but more beneficial for some people.
PPS rate is calculated from the current difficulty. So it will be re-adjusted as soon as the new difficulty is set. He does not change it during any given difficulty.
If i'm mistaken, please correct me.
PPS rate is calculated from the current difficulty. So it will be re-adjusted as soon as the new difficulty is set. He does not change it during any given difficulty.
If i'm mistaken, please correct me.
With the current estimated new difficulty at 77748 the new PPS should be ~ 0.00057879302361476.
PPS has 10% fee (where proportional is 3%). So take 45 / 77748 = PPS rate per share.
March 07, 2011, 07:37:45 AM
So, for those doing a frogger between Prop. and PPS, another thing to consider is that if the rate of block discovery goes down through difficulty or lack of luck, I'm assuming the price in PPS will surely drop anyway in the long term.
Currently i'm working on something like mode separation and the third reward option which will make Prop-PPS jumpers safe for honest users.EDIT: So it's someone called "Tyco" who steals all my profit ?
March 07, 2011, 07:36:41 AM
PPS is a way for some people who lose too much to Proportional because of not mining 24/7. But also, it brings more profit to Tyco. From what i've seen, and the averages i've calculated, it's exactly the same for Tyco, he doesn't pay anything from his own pocket in the long run. Except that PPS gives him 7% more profit, but more beneficial for some people.
PPS rate is calculated from the current difficulty. So it will be re-adjusted as soon as the new difficulty is set. He does not change it during any given difficulty.
If i'm mistaken, please correct me.
PPS rate is calculated from the current difficulty. So it will be re-adjusted as soon as the new difficulty is set. He does not change it during any given difficulty.
If i'm mistaken, please correct me.
March 07, 2011, 07:16:38 AM
So, for those doing a frogger between Prop. and PPS, another thing to consider is that if the rate of block discovery goes down through difficulty or lack of luck, I'm assuming the price in PPS will surely drop anyway in the long term.
PPS isn't a license to 'beat-the-market', it's there to even-out rewards at a cost of 7% to you, the miner.
In the short term, Tycho is bankrolling PPS when we have a bad run in the pool, but long-term the market demands he reduce the price of PPS unless he has deep bitpockets and a generous soul :-)
EDIT: If a block is taking around 10 mins for the network as a whole, then we're hoovering up around 8.5% of blocks at the moment. Does that compute?
PPS isn't a license to 'beat-the-market', it's there to even-out rewards at a cost of 7% to you, the miner.
In the short term, Tycho is bankrolling PPS when we have a bad run in the pool, but long-term the market demands he reduce the price of PPS unless he has deep bitpockets and a generous soul :-)
EDIT: If a block is taking around 10 mins for the network as a whole, then we're hoovering up around 8.5% of blocks at the moment. Does that compute?
March 07, 2011, 07:04:46 AM
It's always the same on average, as i said earlier.
I've noticed that indeed. In the end if you work on both 24/7 it should even-out sometime to be the same average. In Proportional mode my average fluctuates between 0.16BTC and 0.25BTC per hour (0.202 average). In PPS it's always 0.2 exactly. I'm currently using PPS just because i sometimes lose connection, and when it returns it sends shares during the long sessions in Proportional, which makes my average drop too low. March 07, 2011, 06:42:23 AM
Much better nite - "luck" has returned and statistics and probability remain intact 
March 07, 2011, 03:42:38 AM
Found a block in 22 seconds.. NICE! lol
March 07, 2011, 03:05:37 AM
Geezus proportional is profitable again.
It's always the same on average, as i said earlier. March 07, 2011, 02:39:41 AM
I made 0.19246032 in no time at all:
Code:
07.03.2011 00:19:21 0h 00m 252 0.19246032
22 seconds.
06.03.2011 21:19:21 0h 00m 252 1.53968254
06.03.2011 21:18:59 0h 18m 12021 1.44035438
March 07, 2011, 02:12:49 AM
I made 0.19246032 in no time at all:
Code:
07.03.2011 00:19:21 0h 00m 252 0.19246032
March 06, 2011, 10:49:58 PM
well, in the long run you'll get <7% more from proportional, that's what you can expect.
no need to take your hashrate or any imaginary numbers into account.
I would say not true for those with lower hashrates, but could be wrong.no need to take your hashrate or any imaginary numbers into account.
Was thinking the chance to miss blocks with lower hash rates might make a difference.
Makes sense, thanks.
March 06, 2011, 10:45:12 PM
well, in the long run you'll get <7% more from proportional, that's what you can expect.
no need to take your hashrate or any imaginary numbers into account.
I would say not true for those with lower hashrates, but could be wrong.no need to take your hashrate or any imaginary numbers into account.
Was thinking the chance to miss blocks with lower hash rates might make a difference.
March 06, 2011, 10:43:26 PM
Would it be possible to get the payouts listed in descending order? (Newest on top)
It's possible, but what is your reason for that ?Well, it's not a problem right now. But once there is quite a few transfers, it would be nice to just see the latest one sent without having to scroll to the bottom.
March 06, 2011, 10:41:37 PM
It is (in theory) possible to take an average hashrate (and from extension, average amount of shares of some time) and figure out how much you can expect to make in the long run using the different payouts.
well, in the long run you'll get <7% more from proportional, that's what you can expect.no need to take your hashrate or any imaginary numbers into account.
Then I stand corrected.
Was thinking the chance to miss blocks with lower hash rates might make a difference.
March 06, 2011, 10:38:42 PM
Would it be possible to get the payouts listed in descending order? (Newest on top)
It's possible, but what is your reason for that ? March 06, 2011, 10:38:13 PM
It is (in theory) possible to take an average hashrate (and from extension, average amount of shares of some time) and figure out how much you can expect to make in the long run using the different payouts.
well, in the long run you'll get <7% more from proportional, that's what you can expect.no need to take your hashrate or any imaginary numbers into account.
March 06, 2011, 10:13:26 PM
It is (in theory) possible to take an average hashrate (and from extension, average amount of shares of some time) and figure out how much you can expect to make in the long run using the different payouts.
well, in the long run you'll get <7% more from proportional, that's what you can expect.no need to take your hashrate or any imaginary numbers into account.
I would say not true for those with lower hashrates, but could be wrong.
Quote
any imaginary numbers into account.
No need to be snide.
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