Earnings with GPUMAX? | Bitcointalksearch.org

Sant001

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Quote from: i_rape_bitcoins on May 19, 2012, 04:18:46 PM

I have a question for GPUMAX users:

Does GPUMAX give you more earnings than a traditional pool? I have around 4 ghash and wanted to get the most Bitcoins for my hashpower.

I have tried it for a few days and for this period my hash rate dropped on my pool. I wouldn't know why that is.

Also GPUMax was sending me very few work, even though my bidding price was pretty close the normal PPS.

So in the end it wasn't worth for me so I returned to using my pool directly.

dropt

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Quote from: zvs on August 29, 2012, 04:50:42 AM

a) yeah, each time after people were invited. see page 2 of this thread.

b) well.... i guess i don't even have to say anything to that

c) isnt relevant.. if people were greedy, then supply outpacing demand would lead to the conclusion that I wrote above

A) Assumption.

B) Are you trying to be facetious?

C) If you don't think human psychology plays a role in all of this, I fear you're sadly mistaken. I can agree to disagree.

zvs

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https://web.archive.org/web/*/nogleg.com

Quote from: dropt on August 26, 2012, 12:06:24 PM

Quote from: zvs on August 25, 2012, 04:15:27 AM

why are you so certain this thread has anything to do with it?

this is same BS I read last time ppl were invited en masse

wouldnt the more likely conclusion be that the supply is outpacing the demand?

Because:

A) I've watched it occur in real time over three independent threads.

B) Pirate has stated as such

C) People are greedy.

a) yeah, each time after people were invited. see page 2 of this thread.

b) well.... i guess i don't even have to say anything to that

c) isnt relevant.. if people were greedy, then supply outpacing demand would lead to the conclusion that I wrote above

dropt

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Quote from: zvs on August 25, 2012, 04:15:27 AM

why are you so certain this thread has anything to do with it?

this is same BS I read last time ppl were invited en masse

wouldnt the more likely conclusion be that the supply is outpacing the demand?

Because:

A) I've watched it occur in real time over three independent threads.

B) Pirate has stated as such

C) People are greedy.

zvs

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https://web.archive.org/web/*/nogleg.com

Quote from: dropt on May 25, 2012, 11:29:43 AM

You can estimate the 10% commission all you want, but the system is dynamic. Every time a (larger) miner lowers their cost per share, the average decreases. As we all scramble to maximize our return we end up shooting ourselves in the foot.

When someone publicly posts a price and how much lease work they're getting it causes a bunch of other people to adjust to try and get more leased work. However, at some point the increase in lease work does not outweigh the decrease in PPS because too many people are doing it as a direct response to the public posting. Case in point: Before this thread I was leasing near 100% at a decently higher price than was posted by the OP. After this thread, that dropped to about 25% because those who were only getting 50% leased at a PPS above what I was at all dropped theirs to chase 100%.

why are you so certain this thread has anything to do with it?

this is same BS I read last time ppl were invited en masse

wouldnt the more likely conclusion be that the supply is outpacing the demand?

bitpop

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Ok thanks

dropt

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Quote from: bitpop on August 24, 2012, 01:09:03 AM

How do I know my rate at slush so I can set my gpumax price properly?

Slush is proportional so your effective PPS rate fluctuates depending on the total number of shares it took for each round. You'd need to take a running average of your payout in terms of the number of shares you submitted for each round vs the total number of shares in each round. Slush does not give you that information so you're pretty much boned on getting actual numbers.

You can try adding up the 'U' numbers for all of your miners and multiplying the total by 1440, let's call this value 'A'. Then, add up your rewards from Slush for one day. Call this 'B'.

Divide A by B, and you've got a (very rough) estimate of your PPS rate. You'd have to do this for a number of consequtive days and average out the PPS rate to get an idea of what you're actually earning since Prop pools are subject to variance.

bitpop

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How do I know my rate at slush so I can set my gpumax price properly?

Graet

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Quote from: dropt on May 28, 2012, 12:37:03 PM

Quote from: wildemagic on May 28, 2012, 05:02:49 AM

Quote from: drakahn on May 20, 2012, 09:56:24 PM

since i joined i have gotten around 140% pps rates (including non leased work)

the last couple of days have been great and i have been getting a solid 0.00004 pps

Last 10 rounds on ozcoin with DGM avg = 0.000089726 per share.

Sometimes luck pays more. One round my shares were worth 0.00218283, lowest ive gone was around 0.00000776, but that was a rare 9hr round.

kind regards

ve
What were the actual payouts on those blocks though? Blocks found in rapid succession under DGM yield decreasing block payouts. IIRC the worst DGM block payout I've seen was 36 BTC.

indeed but remember
Blocks found in slow succession under DGM yield increasing block block payouts (so sometimes we pay more than the whole block)
that is how it works
short blocks we hold some funds to pay extra on long round, along with paying out across round boundaries this is part of what makes DGM not hoppable but fair in its payouts

http://coinotron.com/coinotron/AccountServlet?action=statistics they have paid out 8.3320btc for one block 90.6800btc for another I think they must have pretty extreme settings

Clipse

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Quote from: dropt on May 28, 2012, 12:37:03 PM

Quote from: wildemagic on May 28, 2012, 05:02:49 AM

Quote from: drakahn on May 20, 2012, 09:56:24 PM

since i joined i have gotten around 140% pps rates (including non leased work)

the last couple of days have been great and i have been getting a solid 0.00004 pps

Last 10 rounds on ozcoin with DGM avg = 0.000089726 per share.

Sometimes luck pays more. One round my shares were worth 0.00218283, lowest ive gone was around 0.00000776, but that was a rare 9hr round.

kind regards

ve
What were the actual payouts on those blocks though? Blocks found in rapid succession under DGM yield decreasing block payouts. IIRC the worst DGM block payout I've seen was 36 BTC.

Not sure how coinotron setup their DGM parameters but they did a 8.3320 BTC block payout Tongue

wildemagic

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Quote from: dropt on May 28, 2012, 12:37:03 PM

What were the actual payouts on those blocks though? Blocks found in rapid succession under DGM yield decreasing block payouts. IIRC the worst DGM block payout I've seen was 36 BTC.

That was indicative of the payout. Just some lucky rounds in there. And for that 10 round period, that was my average payout per share, ie : total payout / shares / rounds.

Block payout history here : http://ozco.in/content/block-history-bitcoin

There was a 32btc block that took <20 mins.

kind regards

Clipse

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Yeh, DGM doesnt pay the whole block everytime ie. prop method, so those PPS rewards estimates are indicative on the block luck and not the block payout.

dropt

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Quote from: wildemagic on May 28, 2012, 05:02:49 AM

Quote from: drakahn on May 20, 2012, 09:56:24 PM

since i joined i have gotten around 140% pps rates (including non leased work)

the last couple of days have been great and i have been getting a solid 0.00004 pps

Last 10 rounds on ozcoin with DGM avg = 0.000089726 per share.

Sometimes luck pays more. One round my shares were worth 0.00218283, lowest ive gone was around 0.00000776, but that was a rare 9hr round.

kind regards

ve
What were the actual payouts on those blocks though? Blocks found in rapid succession under DGM yield decreasing block payouts. IIRC the worst DGM block payout I've seen was 36 BTC.

wildemagic

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Activity: 112

Merit: 10

Quote from: drakahn on May 20, 2012, 09:56:24 PM

since i joined i have gotten around 140% pps rates (including non leased work)

the last couple of days have been great and i have been getting a solid 0.00004 pps

Last 10 rounds on ozcoin with DGM avg = 0.000089726 per share.

Sometimes luck pays more. One round my shares were worth 0.00218283, lowest ive gone was around 0.00000776, but that was a rare 9hr round.

kind regards

TheHarbinger

sr. member

Activity: 378

Merit: 250

Why is it so damn hot in here?

I actually raised mine, since the price was getting close to what I was getting at my backup pool anyway. To hell with the normal priority shares if they are the same as my back up. Might as well just go for the high priority shares and get paid more than all the asshats who drove the price so low to begin with. Grin

cuz0882

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It's a good thing everyone lowered there prices now, even though the difficulty just dropped 8 percent.

zvs

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Quote from: TheHarbinger on May 22, 2012, 10:41:14 PM

Yup, purely coincidence that the price per 20,000 shares has gone down 0.3 BTC since the last batch of invites ~~and discussion of the PPS price started~~. Roll Eyes

aha!

dropt

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Merit: 1000

You can estimate the 10% commission all you want, but the system is dynamic. Every time a (larger) miner lowers their cost per share, the average decreases. As we all scramble to maximize our return we end up shooting ourselves in the foot.

When someone publicly posts a price and how much lease work they're getting it causes a bunch of other people to adjust to try and get more leased work. However, at some point the increase in lease work does not outweigh the decrease in PPS because too many people are doing it as a direct response to the public posting. Case in point: Before this thread I was leasing near 100% at a decently higher price than was posted by the OP. After this thread, that dropped to about 25% because those who were only getting 50% leased at a PPS above what I was at all dropped theirs to chase 100%.

Kaos

member

Activity: 64

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Paint me stupid but the PPS is not a secret to anyone... What is "secret" is the asking price of miners + GPUMAX's own cut, which should be possible to be calculated if you monitor the variance in price over a period of days and average.

cuz0882

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Activity: 392

Merit: 250

Quote

pirateat40
"I don't care if people want to talk about the pricing, but I will tell you that when you mention the price here the big hashers start moving around their pricing which changes the purchase price which stops public work for a lot of people. So feel free to talk about pricing all you want but don't blame me when there's no work to be had. "

Topic: Earnings with GPUMAX? (Read 7980 times)