Deepbit dropped its PPS payout AGAIN

Chucksta

full member

Activity: 168

Merit: 100

Quote from: xenon481 on May 29, 2011, 09:56:36 AM

Quote from: ?? on ??

This increase of difficulty on 80 % has made for me unprofitable to continue.
It is ready to give the last 2.76 BTC to the one who will send me 0.1 BTC (I will send on the same address)
XXXXXXXXXXXXXXXXXXXX

This is a scam, do not fall for it.

LOL, only someone with an IQ equivalent to a banana fall for that !

xenon481

sr. member

Activity: 406

Merit: 250

Quote from: ?? on ??

This increase of difficulty on 80 % has made for me unprofitable to continue.
It is ready to give the last 2.76 BTC to the one who will send me 0.1 BTC (I will send on the same address)
XXXXXXXXXXXXXXXXXXXX

This is a scam, do not fall for it.

Sukrim

legendary

Activity: 2618

Merit: 1007

10% of 0.0001 is also 4 times less than 10% of 0.0004... if it was ok 1 month ago, it should be ok right now too...?

1bitc0inplz

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Merit: 10

Quote from: m4rkiz on May 29, 2011, 08:34:17 AM

Quote from: kiwiasian on May 28, 2011, 11:37:21 PM

Yeah, but Deepbit has dropped their payout from 0.0004 to 0.0001 over the past ~3-4 weeks. That's ridiculous. I can't believe there are so many people on deepbit.

number of people on deepbit has nothing to do with that

you mining for a month now (basing on your post) and still don't understand what difficulty is?

I think he meant, he doesn't know why anybody would continue to pay more with deepbit.

m4rkiz

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Quote from: kiwiasian on May 28, 2011, 11:37:21 PM

Yeah, but Deepbit has dropped their payout from 0.0004 to 0.0001 over the past ~3-4 weeks. That's ridiculous. I can't believe there are so many people on deepbit.

number of people on deepbit has nothing to do with that

you mining for a month now (basing on your post) and still don't understand what difficulty is?

Chucksta

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Quote from: Meni Rosenfeld on May 28, 2011, 11:40:25 PM

Quote from: kiwiasian on May 28, 2011, 11:37:21 PM

Yeah, but Deepbit has dropped their payout from 0.0004 to 0.0001 over the past ~3-4 weeks. That's ridiculous. I can't believe there are so many people on deepbit.

... That's because difficulty increased 4 times in this period. Deepbit doesn't set the payout however they want, they divide the block reward by the difficulty and decrease a constant 10% fee.

Yep, I was making about $200 per day back then, now about $45

Meni Rosenfeld

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Activity: 2058

Merit: 1054

Quote from: kiwiasian on May 28, 2011, 11:37:21 PM

Yeah, but Deepbit has dropped their payout from 0.0004 to 0.0001 over the past ~3-4 weeks. That's ridiculous. I can't believe there are so many people on deepbit.

... That's because difficulty increased 4 times in this period. Deepbit doesn't set the payout however they want, they divide the block reward by the difficulty and deduct a constant 10% fee.

kiwiasian

full member

Activity: 168

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Yeah, but Deepbit has dropped their payout from 0.0004 to 0.0001 over the past ~3-4 weeks. That's ridiculous. I can't believe there are so many people on deepbit.

timmmay

member

Activity: 84

Merit: 10

swepool.net offers higher PPS payment than deepbit. Just sayin Tongue

gentakin

member

Activity: 98

Merit: 10

It's pretty simple actually.

Finding a block will now take finding 434883 "shares" on average. So deepbit earns 50BTC + fees for every ~434883 shares found by participating miners. Compare this to a week ago, where less than 300000 shares were needed on average to find a block.

Since the reward for finding a block stays the same, but the amount of shares needed to find one increases, it's quite logical that deepbit pays less per share than a week ago.

bcpokey

hero member

Activity: 602

Merit: 500

Quote from: Chucksta on May 28, 2011, 02:59:06 PM

Well suck my cookies and call me Shirly, it's the thread making police Wink

peace and love, peace and love (Ringo Starr)

If you're referring to me, I didn't say he couldn't make a thread, I just said it was stupidly pointless to do so for such an irrelevant topic. Perhaps I should have added IMHO. As people seem to find little modifiers for some reason mollifying.

Like if I said "No offense, but this is the stupidest thread in the world", normally someone would be mad at that obvious insult, but I said no offense, making it better.

Clipse

hero member

Activity: 504

Merit: 502

How can you even compare PPS on deepbit to slush, you should compare prop on deepbit to slush at the very least.

I have no idea what the reason is, perhaps related to higher pool hashrate but I am consistently earning more every 24hr cycle on deepbit compared to slush, comparing an account on both running each at 350mhash/s for testing sake.

Chucksta

full member

Activity: 168

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Well suck my cookies and call me Shirly, it's the thread making police Wink

peace and love, peace and love (Ringo Starr)

bcpokey

hero member

Activity: 602

Merit: 500

I'm glad you are happier on slushs pool, there needs to be a diversity of pools all competing their hashing power. However the PPS drop doesn't seem to be a reason to make a thread really.

Chucksta

full member

Activity: 168

Merit: 100

Surely proportional gives you a greater return ?

niooron

full member

Activity: 193

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Of course it dropped, difficulty increased.

kiwiasian

full member

Activity: 168

Merit: 100

I couldn't help but lol.

I'm much happier on slush's.

Topic: Deepbit dropped its PPS payout AGAIN (Read 3300 times)