Topic: Deepbit versus BtcMine (Read 4827 times)

Now that Deepbit requires email confirmation when changing your Bitcoin address, it makes it harder to get in and knick your earnings. Of course if some total numpty has used the same password for mining as they use for their email address, then they be stuffed.

Yes, my apologies.  I did say "hacked", but I also did say that somebody could have gotten the username and passwords, and in fact, that is what you said when the incident occurred.  I did not mean to imply there is or was any security problem with deepbit.net.

The multiple accounts seems affected seems a little odd to me; was there any relationship between the accounts [i.e. all know each other somehow]?.  Technically, using a technical method to obtain the password is cracking, not hacking  anyway.   Sniffing open http traffic is what most people were worried about in any event, so that is why https was added, correct?

I have used most of the pools at least once. deepbit has such a high fee and it doesnt provide as many stats as other pools do. i prefer slush i like the way the site is laid out more and the fee is 1btc off the top of 50btc from the block.

now a days i dont see much of a point of being in a pool with a fee with all the free pool options around. if you want to mine in a pool and pay for it just donate to a free pool and get the minimal extra benefits. On btcguild for 2.5% donations you can cash out whenever you want and you get paid for invalid blocks.

Is this based on anything other than what you use?

I've been on BTCMine for a couple weeks and very pleased. Note I have not used Deepbit.

I very much appreciate the quick server response time and the operator's careful watch for exploiters. Being able to pick a fee is very dignifying and an ideal I very much support. Pool hash rate will probably be > 300 GH/s tomorrow or the next day. Payout's quick and miner notification is very much appreciated. I don't have a single significant qualm with BTCmine.

btcguild is best
btcmine is second

deepbit is the worst
slush is the best of all the paid pools.

deepbit.net wasn't hacked, the attacker got user's passwords somewhere else (most of those users were using same password in one of other pools and their worker password was the same as main account password).

Haven't been around long?  Somebody hacked into deepbit.net and stole some coins from several people, one of them had more than 100BTC waiting to be sent (why on earth would you leave it in the pool that long?) and Tycho was nice enough to pay them for the losses even though it apparently wasn't his fault.  Probably standard password hacking (brute force, or had the password from another site and it was the same there, or sniffed traffic ... who knows), but certainly the login password to the site can be sniffed since it was being sent clear in the open.  Since that time, several pools have moved to HTTPS including deepbit.net and BTCMine (not sure about Slush ... nothing changes over there from what I have seen, although it seems he really is the originator of large public pool mining). 

As far as payouts ... deepbit will pay out once every 24 hours [at minimum, depending on your payout threshold] unless you choose an instant payout in the meantime.  What deepbit does do is give you instant credit for shares contributed to a round that solved a block where nearly all the other pools wait for 120 confirmations to make sure the block is valid (this is likely the reason that he pays out for invalid blocks which are relatively rare anyway ... probably less than 1% on deepbit).  Other pools will pay whenever your confirmed balance exceeds the threshold that you set, so if it means paying out 5 times per day [i.e. you set the payout to 1 BTC, but typically earn 5BTC per day ... with deepbit, you would get 1BTC and then 24 hours later 5BTC and the same the next day as an example without variance].  Deepbit does offer some things for the premium 3% fee though.   That is instant payout [and thus payment for invalid blocks], stability, size which reduces variability somewhat and some decent site features [although instant payout requires stats delay to prevent pool jumping abuse].

  Clear as mud?

Deepbit has more frequent payouts, but each payout is less. 1 btc per hour vs 2 btc every 2 hours is the same thing. The invalid block "insurance" isn't worth the 3% fee (or even the +1% compared to other pools), because invalid blocks are so rare.

why do you need https? are you super paranoid about the government spying on you?

Exactly.  They don't enforce a donation.  However, they stated awhile back when they tightened up the site that if donations [and transaction fees] aren't enough to keep them running, then they would shut it down.  I do my part and give them a % donation as I have always done.  A pool is a partnership between the miners and the pool operator and the benefits can't be one sided in favor of the miners, so donations should naturally come from miners who are decent human beings.  Perhaps there may be decent reason to not donate for a period of time, but I can't think of one off hand.

BTC Guild doesn't have https

i laughed out loud when reading that
thank you

I have mined on both pools and I have to say they are both amazing.
Deepbit solves blocks so fast, you can just sit there and watch your balance go up. Deepbit also has the pay per share option which is really nice if you want ZERO variance. Instant payouts and payment for invalid blocks is pretty sweet too.
BTCmine has the top 50 which is nice if you have a decent hashrate . And of course, the option to pay no fee if you so choose.

It's operated by donation. There is no mandatory fee. You can believe whatever you want, that doesn't make it true.

i dont believe in btcmine 0% fee.it can be just words isnt it

I started with deepbit when it was at 60Gh/s. I moved to btcmine when deepbit hit 500Gh/s. btcmine was at 90Gh/s. Then around 150Gh/s at btcmine, I moved over to btcguild.

Eligius!!  you mine with your wallet address. if pool is hacked you don't lose your btc. like hapend with deepbit or bitcoinpool. every pool has his own + and - .
 i like bitcoinpool for nice statistics and design. dark green looks good

because paying 3% for "block insurance" is totally worth it, considering failed blocks are below 1% for most pools.

efficiency doesn't do anything, it only reduces server load.

Actually, BitcoinPool.com is the best, 0 fees there, and it has the highest efficiency & stats

BTC GUILD

This.