Eligius's system is detailed pretty simply here
http://eligius.st/wiki/index.php/Capped_PPS_with_Recent_Backpay
Take a look it is pretty simple and shouldnt take that much effort to implement plus it makes your pool pretty much unkillable from bad luck.
Topic: [EHR:475.5Gh/s] Hashrack.com|Hashpacks 0.5Gh as low as 0.25 BTC as fast as 50Gh - page 13. (Read 27691 times)
May 03, 2013, 05:02:07 PM
May 03, 2013, 04:59:27 PM
But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.
This is precisely what we are working, the peak load is because the software related to the miners is not well connected to the real-time server.
Quote
Could you elaborate on this? I mean what form of PPS are you implementing? And what do you mean you will forward the Hashpower to a different pool instead?
What I mean is that we are thinking As a first step, redirect power to another pool until we have enough to go on our own.
I was not understanding, had not looked carefully Eligius's system. Which is a very good possibility.
May 03, 2013, 04:42:15 PM
But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.
This is precisely what we are working, the peak load is because the software related to the miners is not well connected to the real-time server.
Quote
Could you elaborate on this? I mean what form of PPS are you implementing? And what do you mean you will forward the Hashpower to a different pool instead?
May 03, 2013, 04:39:06 PM
But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.
This is precisely what we are working, the peak load is because the software related to the miners is not well connected to the real-time server.
May 03, 2013, 04:33:47 PM
But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
We'll forwards the Hashpower to a different pool instead. Straight PPS was never a decision to consider.
May 03, 2013, 04:31:58 PM
But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
We'll forwards the Hashpower to a different pool instead. Straight PPS was never a decision to consider.
That unless the circumstances are really adequate and optimal to do so
May 03, 2013, 04:21:18 PM
But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.
May 03, 2013, 04:16:28 PM
Hmm I realized that if you end up using the Eligius system that you might as well just use it for everyone or else it will cause either the pplns to be weird or the hashpacks to be weird.
We are implementing the payment method PPS, once we do this the current method (pplns) shall not apply.
May 03, 2013, 04:13:47 PM
Hmm I realized that if you end up using the Eligius system that you might as well just use it for everyone or else it will cause either the pplns to be weird or the hashpacks to be weird.
May 03, 2013, 04:10:49 PM
can you respond to my query above plz....
Are we waiting for BFL's, avalons or other ?
If bfl, I might be after a refund...
if avalon, what batch...
If other, which
Are we waiting for BFL's, avalons or other ?
If bfl, I might be after a refund...
if avalon, what batch...
If other, which
BFL. so far.
May 03, 2013, 04:07:11 PM
Cool thanks for the reply also I added a last part about the PPS system
Quote
One more note, for the sake of sustaining your pool I suggest you shift from PPS for the hashpacks to Eligius's Capped PPS with Recent Backpay in order to never accidentally drive yourself out of business by having to pay the overhead of 100's of GH of PPS which don't necessarily guarantee a block as fast as you would like, you can then lower the fee down to like 1-2% as you don't need the fee to cover potentially bad rounds.
May 03, 2013, 04:05:33 PM
May 03, 2013, 03:35:59 PM
I had an idea about how to handle the hashpacks to make the system simpler and faster for everyone. Essentially you buy the machines in as much as you need to fulfill orders for now however moving forward I suggest this plan. Only purchase units that produce 50GH (or more if possible), instead of selling people their own personal units just sell them a percentage of the shares generated, proportional to how much they payed for their hashpack IE
I buy a 5GH, instead of you buying specifically just 1 5GH and handling that, just sell me 5GH worth of shares from the 50GH. If there are any GH left over you keep them for the pool to pay off electricity and buying more hashpacks. This way you can handle not dealing with the long shipping times and still supply people with what they payed for. Furthermore if you buy larger supplies of 50GH (or whatever is max) you will save on money per gigahash and space and electricity thus making it more profitable, efficient and faster for everyone involved.
Now obviously if someone orders a 50GH for themselves this is less profitable for you as a pool in one sense as you can't split it out to a variety of people and you need to order a whole nother unit for them, however you could allocate left over space from various other units IE the shares for those units. Actually if you are just selling the shares then you can just sell anything in between 10MH-50GH as you aren't giving them the literal device which makes for more efficient management of units. You can effectively just count all of the shares generated by your units, calculate how much GH went into making it, lets say per 6-24 hours then pay out to everyone who bought a hashpack based on the GH they purchased sort of like a stock rather than purchasing an actual unit. Again this provides for much more efficient handling of the units as you can buy in bulk, split it into much smaller sub divisions and make the most efficient usage of your hashrate/shares produced. You can also allow people to sell back their share of the hashrate which would be based on how you wanted to handle that personally. Either way I would love to see you implement the system I devised above.
Edit: One more note, for the sake of sustaining your pool I suggest you shift from PPS for the hashpacks to Eligius's Capped PPS with Recent Backpay in order to never accidentally drive yourself out of business by having to pay the overhead of 100's of GH of PPS which don't necessarily guarantee a block as fast as you would like, you can then lower the fee down to like 1-2% as you don't need the fee to cover potentially bad rounds.
I buy a 5GH, instead of you buying specifically just 1 5GH and handling that, just sell me 5GH worth of shares from the 50GH. If there are any GH left over you keep them for the pool to pay off electricity and buying more hashpacks. This way you can handle not dealing with the long shipping times and still supply people with what they payed for. Furthermore if you buy larger supplies of 50GH (or whatever is max) you will save on money per gigahash and space and electricity thus making it more profitable, efficient and faster for everyone involved.
Now obviously if someone orders a 50GH for themselves this is less profitable for you as a pool in one sense as you can't split it out to a variety of people and you need to order a whole nother unit for them, however you could allocate left over space from various other units IE the shares for those units. Actually if you are just selling the shares then you can just sell anything in between 10MH-50GH as you aren't giving them the literal device which makes for more efficient management of units. You can effectively just count all of the shares generated by your units, calculate how much GH went into making it, lets say per 6-24 hours then pay out to everyone who bought a hashpack based on the GH they purchased sort of like a stock rather than purchasing an actual unit. Again this provides for much more efficient handling of the units as you can buy in bulk, split it into much smaller sub divisions and make the most efficient usage of your hashrate/shares produced. You can also allow people to sell back their share of the hashrate which would be based on how you wanted to handle that personally. Either way I would love to see you implement the system I devised above.
Edit: One more note, for the sake of sustaining your pool I suggest you shift from PPS for the hashpacks to Eligius's Capped PPS with Recent Backpay in order to never accidentally drive yourself out of business by having to pay the overhead of 100's of GH of PPS which don't necessarily guarantee a block as fast as you would like, you can then lower the fee down to like 1-2% as you don't need the fee to cover potentially bad rounds.
May 03, 2013, 01:22:46 PM
Is the site down? Try to load it and I get "The connection to hashrack.com was interrupted while the page was loading." every time.
make sure that the url is right, it should be http://hashrack.com, http://www.hashrack.com/ , https://hashrack.com. it seems if you type https://www.hashrack.com the message appears
The only one working now is http://www.hashrack.com. The others still do the same thing.
can u give us more information, like browser, OS...
Firefox 20.0.1, Windows 7 Enterprise 64bit
I have a filtering proxy setup to keep the kids away from inappropriate pages, but I switched Firefox to not use it and it still happened.
Just tried again, http://www.hashrack.com works fine. https://hashrack.com and https://www.hashrack.com still fail with the same message.
May 03, 2013, 10:33:38 AM
Interesting idea, though I'm not sure how effective it will end up being. I'm going to check this out. I'm not sure I understand how it works completely yet, though I'm still working on figuring it out.
May 03, 2013, 09:39:29 AM
can you respond to my query above plz....
Are we waiting for BFL's, avalons or other ?
If bfl, I might be after a refund...
if avalon, what batch...
If other, which
Are we waiting for BFL's, avalons or other ?
If bfl, I might be after a refund...
if avalon, what batch...
If other, which
May 03, 2013, 02:35:28 AM
Hey pkarc is there a reason you haven't been responding in the mining pools thread? Just wondering cause you have been active in this one but not your other for some reason.
May 02, 2013, 02:44:56 PM
Is the site down? Try to load it and I get "The connection to hashrack.com was interrupted while the page was loading." every time.
make sure that the url is right, it should be http://hashrack.com, http://www.hashrack.com/ , https://hashrack.com. it seems if you type https://www.hashrack.com the message appears
The only one working now is http://www.hashrack.com. The others still do the same thing.
can u give us more information, like browser, OS...
May 02, 2013, 12:48:33 PM
I like it!
May 02, 2013, 12:47:54 PM
Is the site down? Try to load it and I get "The connection to hashrack.com was interrupted while the page was loading." every time.
make sure that the url is right, it should be http://hashrack.com, http://www.hashrack.com/ , https://hashrack.com. it seems if you type https://www.hashrack.com the message appears
The only one working now is http://www.hashrack.com. The others still do the same thing.
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