DGM pools -- bitparking, EMC, etc. - page 2.

doublec

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Quote from: drlukacs on April 28, 2013, 06:02:55 PM

So, what happened with my rewards for these shares in alternative coins?

I received rewards only in bitcoins, with no indication of any other rewards.

Did you register addresses for the other coins? You only receive rewards for coins you have registered. As it says on the registration form "Enter a namecoin address or leave blank to receive none."

drlukacs

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l0tt0.com

Quote from: doublec on April 28, 2013, 05:22:23 PM

Yes, you are missing something. The pool 'merge mines', it doesn't mine each coin individually. This means a single hash from your miner is used to solve blocks across all the coins. See here: http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work

So, what happened with my rewards for these shares in alternative coins?

I received rewards only in bitcoins, with no indication of any other rewards.

doublec

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Quote from: drlukacs on April 28, 2013, 04:18:59 PM

Am I missing something?

Yes, you are missing something. The pool 'merge mines', it doesn't mine each coin individually. This means a single hash from your miner is used to solve blocks across all the coins. See here: http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work

drlukacs

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Quote from: Ascholten on April 28, 2013, 03:45:25 PM

I like the fact that you can mine other currencies concurrently with your bitcoin mining on Bitparking. It's like a little extra cash at the end of the month when I combine them and trade them for BTC's

[...]

I do not know of any other mining pools that allow you to mine 4 different currencies at once. If there are any, please let me know.

Can you explain what you mean by "at once"? If you use your GPU for one, you are not using for the other. In other words, while your GPU is mining namecoins, it is not bitcoins, and vice versa. So, unless namecoin is more economic to mine, you are actually losing money when use your rig for mining something other than bitcoins. And if namecoin is more economic, then one should be mining that all the time.

Am I missing something?

By the way, http://coinotron.com has a large variety of coins to mine.

Ascholten

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I like the fact that you can mine other currencies concurrently with your bitcoin mining on Bitparking. It's like a little extra cash at the end of the month when I combine them and trade them for BTC's

I have used Vircurex to generate wallets for the other currencies that are mineable on Bitparking and have the payments sent there. I found it just to be so much easier that way, don't have to frick around with all different clients etc etc to work your 'coins'.

Here is a link if you are interested.

https://vircurex.com/welcome/index?referral_id=263-4573

my Refid is 263-4573 if you wish to use me as a referral. you should get discounts on your trading there too.

once a month or whenever, I will trade the other currencies I have accumulated for BTC, or play the market with them. I recently did a deal where I got a bunch of namecoins for 2.5 cent each then recently sold them for 6 cent each.

Of all the pools, Bitparking seemed to have the lowest fees. The ability to mine other coins was icing on that cake.

I do not know of any other mining pools that allow you to mine 4 different currencies at once. If there are any, please let me know.

Some people may not care for that. If that is the case, then you may want to switch to another pool if the fees here seem too high for you.

Aaron

drlukacs

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Quote from: wmikrut on April 28, 2013, 02:44:15 PM

You mean other than a trustworty op, highly stable pool, the only pool offering merged mining of 3 types of alt coins, good support, regular notifications and updates, backup stratum pools... maybe its best for doublec to answer.

No, really... i do not mean to come off as sarcastic.
Other pools have the same (and higher fees) without even a quarter of what bitparking offers.

EMC has:
-- a mining speed of 2500 GH/s (see https://eclipsemc.com/block_stats.php)
-- over 2000 miners
-- 3 servers
-- email notifications of changes and deposits
-- email notifications for failing miners

To be clear, I am not advocating for EMC (or any other pool), rather, I am trying to understand what bitparking has to offer that EMC does not have.

wmikrut

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Quote from: drlukacs on April 28, 2013, 02:26:37 PM

Quote from: wmikrut on April 28, 2013, 02:20:01 PM

[+1

I read the upcoming changes and I think they are just fine, and necessary, if we want to see Bitparking survive.

While the changes may be justified with respect to the PPS fees, I am still puzzled about the DGM fees. How can other pools survive without imposing any fees on DGM?

To put it differently, what it is that bitparking offers that EMC does not with respect to the DGM?

You mean other than a trustworty op, highly stable pool, the only pool offering merged mining of 3 types of alt coins, good support, regular notifications and updates, backup stratum pools... maybe its best for doublec to answer.

No, really... i do not mean to come off as sarcastic.
Other pools have the same (and higher fees) without even a quarter of what bitparking offers.

drlukacs

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l0tt0.com

Quote from: wmikrut on April 28, 2013, 02:20:01 PM

[+1

I read the upcoming changes and I think they are just fine, and necessary, if we want to see Bitparking survive.

While the changes may be justified with respect to the PPS fees, I am still puzzled about the DGM fees. How can other pools survive without imposing any fees on DGM?

To put it differently, what it is that bitparking offers that EMC does not with respect to the DGM?

wmikrut

hero member

Activity: 631

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Quote from: doublec on April 28, 2013, 01:47:39 PM

Quote from: drlukacs on April 28, 2013, 01:24:14 PM

I have been a bitparking (http://mmpool.bitparking.com/pool) miner for a while, but the raise of the PPS fees from 2.5% to 5% made me look for other options.

The fee is to pay for costs of operating the pool, build reserves for operating the PPS side of things, and to pay for the time involved in support and upkeep of the pool.

You are complaining about the increase in PPS but higher PPS fees are necessary to keep pools in operation. Did you read the part of my "Upcoming Changes" that explained the reserve requirements for PPS pools? Do you have The 3,000 BTC necessary to keep a reserve for a low fee pool? PPS pools can pay hundreds of BTC of funds keeping the PPS pool going through the bad luck periods. I need to raise the fees to reduce the chances of pool bankruptcy. Just like all the other low fee PPS pools like Mt Red and Ozcoin.

Why do some other pools have 0% fees? I don't know - maybe they get subsidized hardware to run it. Maybe they have plenty of money and it doesn't matter to them what it costs.

As a miner you are free to choose where to mine. Have fun choosing.

+1

I read the upcoming changes and I think they are just fine, and necessary, if we want to see Bitparking survive.

doublec

legendary

Activity: 1078

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Quote from: drlukacs on April 28, 2013, 01:24:14 PM

I have been a bitparking (http://mmpool.bitparking.com/pool) miner for a while, but the raise of the PPS fees from 2.5% to 5% made me look for other options.

The fee is to pay for costs of operating the pool, build reserves for operating the PPS side of things, and to pay for the time involved in support and upkeep of the pool.

You are complaining about the increase in PPS but higher PPS fees are necessary to keep pools in operation. Did you read the part of my "Upcoming Changes" that explained the reserve requirements for PPS pools? Do you have The 3,000 BTC necessary to keep a reserve for a low fee pool? PPS pools can pay hundreds of BTC of funds keeping the PPS pool going through the bad luck periods. I need to raise the fees to reduce the chances of pool bankruptcy. Just like all the other low fee PPS pools like Mt Red and Ozcoin.

Why do some other pools have 0% fees? I don't know - maybe they get subsidized hardware to run it. Maybe they have plenty of money and it doesn't matter to them what it costs.

As a miner you are free to choose where to mine. Have fun choosing.

danburyKid

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i thought bitparking wsa down neway?

drlukacs

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I have been a bitparking (http://mmpool.bitparking.com/pool) miner for a while, but the raise of the PPS fees from 2.5% to 5% made me look for other options.

Eclipse Mining Consortium (https://eclipsemc.com/) appears to be having a 0% fee on DGM shares.

If so, why do other pools impose any fee?

Why do miners are willing to pay a fee for participating a DGM pool if 0% DGM pools are available?

Topic: DGM pools -- bitparking, EMC, etc. - page 2. (Read 1624 times)