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Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too - page 55. (Read 1601405 times)

newbie
Activity: 41
Merit: 0
website's not working and pool's not working for me on my end, 100% stale shares
legendary
Activity: 1178
Merit: 1014
Hodling since 2011.®
Same here site is working no issues, but miners can't connect??
legendary
Activity: 2072
Merit: 1001
is the pool having issues?

website a little wonky and my miners are complaining.

ditto  here.
donator
Activity: 532
Merit: 501
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I'll check this now.

UPDATE: Possibly there is a DDoS attack in progress. I'll post more details when possible.
newbie
Activity: 43
Merit: 0
is the pool having issues?

website a little wonky and my miners are complaining.
donator
Activity: 532
Merit: 501
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Can somebody explain the futures on the stats page?
Those are tickers from icbit.se bitcoin trading platform.
What futures are: http://en.wikipedia.org/wiki/Futures_contract
All our futures are cash-settlement type, BTCUSD is based on USD/BTC exchange rate and the number is in USD (at this moment in contango state, as you see), OIL and GOLD were just recently launched - the price is in BTC.
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
...
1) Hurt the earnings of good miners with proper setups (miners with a lower proportion of stale shares than the pool average stale rate).
2) Help the earnings of bad miners with poor setups (miners with a higher proportion of stale shares than the pool average stale rate).

i.e. the other side of the coin I mentioned first Smiley

The reality is of course that this is a good thing, not a bad thing since:
If you set up your miner properly, you will gain a little more, proportional to your hash rate, for doing that.
If every sets up their miners properly (i.e. a similar reject rate all around) then no one gets more.
Meanwhile, the pool looks better due to the low reject rate - but with prop, the pool is still paying out the same.
... it's a very old idea Smiley
legendary
Activity: 2072
Merit: 1001
Thanks guys for the answers. I obviously did not think that through very well.
legendary
Activity: 1750
Merit: 1007
When it comes to stales, besides cost, why could not deepbit pay us for them? Are there users who have more then 1%?
If deepbit paid for them would it get more users to offset the cost?
Thoughts?

Paying for stales on proportional does nothing, other than reward bad miners more than good miners.

Even on proportional the amount of stales affects the amount rewarded per share on average. Not that I'm recommending pools paying for stales - miners will mine at pools with lower stales. Paying for stales means, as you imply, that miners set up properly are helping reward miners set up poorly.


Yeah, I worded it poorly.  Paying for stales over proportional does the following:

1) Hurt the earnings of good miners with proper setups (miners with a lower proportion of stale shares than the pool average stale rate).
2) Help the earnings of bad miners with poor setups (miners with a higher proportion of stale shares than the pool average stale rate).
donator
Activity: 2058
Merit: 1007
Poor impulse control.
When it comes to stales, besides cost, why could not deepbit pay us for them? Are there users who have more then 1%?
If deepbit paid for them would it get more users to offset the cost?
Thoughts?

Paying for stales on proportional does nothing, other than reward bad miners more than good miners.

Even on proportional the amount of stales affects the amount rewarded per share on average. Not that I'm recommending pools paying for stales - miners will mine at pools with lower stales. Paying for stales means, as you imply, that miners set up properly are helping reward miners set up poorly.

 
legendary
Activity: 1750
Merit: 1007
When it comes to stales, besides cost, why could not deepbit pay us for them? Are there users who have more then 1%?
If deepbit paid for them would it get more users to offset the cost?
Thoughts?

Paying for stales on proportional does nothing, other than reward bad miners more than good miners.
legendary
Activity: 4634
Merit: 1851
Linux since 1997 RedHat 4
When it comes to stales, besides cost, why could not deepbit pay us for them? Are there users who have more then 1%?
If deepbit paid for them would it get more users to offset the cost?
Thoughts?
If every one is getting the same % stales, and since DeepBit is prop, paying for stales will actually make no difference - it will just make people think things are better Smiley
(though you shouldn't tell them that Cheesy)
legendary
Activity: 2072
Merit: 1001
When it comes to stales, besides cost, why could not deepbit pay us for them? Are there users who have more then 1%?
If deepbit paid for them would it get more users to offset the cost?
Thoughts?
legendary
Activity: 889
Merit: 1000
Bitcoin calls me an Orphan
Well I am pretty sure my post is correct.. i know there was a post that 420 made but hasnt been updated in like two diff's.

I think he meant in the introduction to the DeepBit thread (ie this thread).

Ahhh.. cheers.. Smiley
donator
Activity: 2058
Merit: 1007
Poor impulse control.
Well I am pretty sure my post is correct.. i know there was a post that 420 made but hasnt been updated in like two diff's.

I think he meant in the introduction to the DeepBit thread (ie this thread).
legendary
Activity: 889
Merit: 1000
Bitcoin calls me an Orphan
Well I am pretty sure my post is correct.. i know there was a post that 420 made but hasnt been updated in like two diff's.
donator
Activity: 532
Merit: 501
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Price on the site is updated automatically in real time after each difficulty change. The price in the form post can't do this :)
(Well, unless posted as image)
sr. member
Activity: 462
Merit: 250
Thanks, I though 0.000022 was a little high for right now's prices. lol
donator
Activity: 532
Merit: 501
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What's the PPS rate? On the site it says 0.00001571151969580 BTC, but on this forum post it says otherwise. Can anyone let me know?
Correct price is on the site.
sr. member
Activity: 462
Merit: 250
What's the PPS rate? On the site it says 0.00001571151969580 BTC, but on this forum post it says otherwise. Can anyone let me know? lol
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