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Topic: Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB - page 230. (Read 1061843 times)

legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction.
Actually, there isn't.
Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it Sad
As in it'd cause a hard fork?
No, just the miner ends up with a crappy hashrate :/
will bfgminer work eith Technobit HEX16b boards? I have been considering eliminating the tplink in my AMT unit and plugging the boards directly to my computer.
full member
Activity: 196
Merit: 100
It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction.
Actually, there isn't.
Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it Sad
As in it'd cause a hard fork?
No, just the miner ends up with a crappy hashrate :/

Oh I see. The problem is with the miners mining for Eligius, not with propagation of the block.
legendary
Activity: 2576
Merit: 1186
It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction.
Actually, there isn't.
Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it Sad
As in it'd cause a hard fork?
No, just the miner ends up with a crappy hashrate :/
full member
Activity: 196
Merit: 100
It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction.
Actually, there isn't.
Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it Sad

As in it'd cause a hard fork?

Does the poorly designed software/hardware make up more or less than 50% of the network hashing power?

(Regardless there is a limit. If nothing else, the size of the block is limited. But if that's the only limit, maybe real time is theoretically feasible.)
legendary
Activity: 2576
Merit: 1186
Making payouts in real time would be quite a feat.
Regardless, that's been a goal of Eligius since day 1 Smiley

It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction.
Actually, there isn't.
Although poorly designed mining software (*cough* cgminer) and hardware have forced us to artificially limit it Sad

I'm just pointing out that Eligius does have money.
It holds money owned by others, as little as possible.
full member
Activity: 196
Merit: 100
As it has repetitively been explained, Eligius is special because it doens't -have- any money. It pays you directly from the generation transaction. Therefore, it can only pay out as much as it mines, as luck allows.

Huh? What's this whole manual transaction thing about, then?

When the system goes into failsafe mode, all transactions go into a cold wallet controlled by Wizkid057 and (I think) Luke-jr. When the database gets caught up and/or the error resolved, they initiate a manual payout. Also, as I understand it (and I could be wrong on this) they keep some reserves in there to take care of problems.

In any case, I've never seen it go more than three days of being borked up before Wk does a manual payout.

Right now I'm mining alts, but when I directly mine BTC this is the only pool I use. They've always been johnny on the spot fixing whatever goes wrong, and aside from the recent NMC thing that's still ongoing, it's always just been the stats and payouts. I've always gotten what I expected, except once when it was a bit more than I'd calculated Cheesy I'm assuming the error was in my math.

Don't stress it too much. These guys are honest and have demonstrated it over a fairly long period of time. I'm in the camp that wants them to initiate mandatory fees, as I think that they ought to be well compensated AND have time for maintenance. WK has indicated that he is not in favor of this, and it's his baby, so I'll just voice my opinion and continue to donate 1 percent whenever I mine here.

I'm not complaining. Making payouts in real time would be quite a feat. It wouldn't even really be possible because there's a limit to how many addresses you can put in the coinbase transaction.

I'm just pointing out that Eligius does have money.
full member
Activity: 196
Merit: 100
As it has repetitively been explained, Eligius is special because it doens't -have- any money. It pays you directly from the generation transaction. Therefore, it can only pay out as much as it mines, as luck allows.

Huh? What's this whole manual transaction thing about, then?

To pay miners directly out of generation transactions, Eligius must establish a list of who must next be payed out. Sometimes, it can't. (There is an orphaned block. Blocks were found too fast. Somebody is trying to DDoS the pool). In those cases, the pool reverts to an "regaular" pool, which is to send the generated coins to itself, then pays the users via a "normal" transaction.

However, this system is not automated like a regular pool, since it is exceptionnal behavior instead of normal behavior. Those manual payouts can only be initiated by the pool operator, wizkid and luke-jr. It introduces delay, because they must do them themselves, but it prevents that somebody that hacks the pool could get a hold of the private key of the pool's address and steal all those coins.

So Eligius does have money.
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
As it has repetitively been explained, Eligius is special because it doens't -have- any money. It pays you directly from the generation transaction. Therefore, it can only pay out as much as it mines, as luck allows.

Huh? What's this whole manual transaction thing about, then?

When the system goes into failsafe mode, all transactions go into a cold wallet controlled by Wizkid057 and (I think) Luke-jr. When the database gets caught up and/or the error resolved, they initiate a manual payout. Also, as I understand it (and I could be wrong on this) they keep some reserves in there to take care of problems.

In any case, I've never seen it go more than three days of being borked up before Wk does a manual payout.

Right now I'm mining alts, but when I directly mine BTC this is the only pool I use. They've always been johnny on the spot fixing whatever goes wrong, and aside from the recent NMC thing that's still ongoing, it's always just been the stats and payouts. I've always gotten what I expected, except once when it was a bit more than I'd calculated Cheesy I'm assuming the error was in my math.

Don't stress it too much. These guys are honest and have demonstrated it over a fairly long period of time. I'm in the camp that wants them to initiate mandatory fees, as I think that they ought to be well compensated AND have time for maintenance. WK has indicated that he is not in favor of this, and it's his baby, so I'll just voice my opinion and continue to donate 1 percent whenever I mine here.
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
I think so. I dropped my hashing to 350gh here, which should give me a .04btc payment daily. For the second time I'm up to .10+btc balance, in queue for over a day, and "5 blocks to go".

So it looks like it's just going to build queues of payments.
hero member
Activity: 742
Merit: 500
Is there a way to monitor variance (luck) in long periods of time, such 1 day/1 week/1 month?

Found mpool, seems works pretty well

Thanks. Smiley

Last 10 blocks: 161%
Last 12 hours: 135%
Last 24 hours: 138%
Last 7 days: 107%
Last 30 days: 97%
Last 90 days: 97%

M

Given that recent string of good luck, can someone please explain to me how this pool is still has a payout queue of 831 BTC? I would expect the payout queue to be much smaller. Is the pool sitting on a bunch of bitcoin that needs to be manually payed out?

http://eligius.st/~wizkid057/newstats/payoutqueue.php
legendary
Activity: 1540
Merit: 1001
Is there a way to monitor variance (luck) in long periods of time, such 1 day/1 week/1 month?

Found mpool, seems works pretty well

Thanks. Smiley

Last 10 blocks: 161%
Last 12 hours: 135%
Last 24 hours: 138%
Last 7 days: 107%
Last 30 days: 97%
Last 90 days: 97%

M
full member
Activity: 157
Merit: 100
As it has repetitively been explained, Eligius is special because it doens't -have- any money. It pays you directly from the generation transaction. Therefore, it can only pay out as much as it mines, as luck allows.

Huh? What's this whole manual transaction thing about, then?

To pay miners directly out of generation transactions, Eligius must establish a list of who must next be payed out. Sometimes, it can't. (There is an orphaned block. Blocks were found too fast. Somebody is trying to DDoS the pool). In those cases, the pool reverts to an "regaular" pool, which is to send the generated coins to itself, then pays the users via a "normal" transaction.

However, this system is not automated like a regular pool, since it is exceptionnal behavior instead of normal behavior. Those manual payouts can only be initiated by the pool operator, wizkid and luke-jr. It introduces delay, because they must do them themselves, but it prevents that somebody that hacks the pool could get a hold of the private key of the pool's address and steal all those coins.
full member
Activity: 168
Merit: 100
Thanks everyone!
full member
Activity: 157
Merit: 100
So I know the password can be anything made up. But what if we moved to a pool then came back and can't remember the random one we created originally. Does it matter or no?

There is a password because the communication protocol between the pool and a miner requires a password to be sent, but Eligius simply discards your password, it never checks it. You are only identified by your mining address.
full member
Activity: 196
Merit: 100
As it has repetitively been explained, Eligius is special because it doens't -have- any money. It pays you directly from the generation transaction. Therefore, it can only pay out as much as it mines, as luck allows.

Huh? What's this whole manual transaction thing about, then?
vip
Activity: 1358
Merit: 1000
AKA: gigavps
So I know the password can be anything made up. But what if we moved to a pool then came back and can't remember the random one we created originally. Does it matter or no?

Just use "x" without the quotes. Easy...  Wink
full member
Activity: 168
Merit: 100
So I know the password can be anything made up. But what if we moved to a pool then came back and can't remember the random one we created originally. Does it matter or no?
full member
Activity: 157
Merit: 100
Why does the payout queue seem all dorked up?

How can it be 700+ Bitcoin behind?

That doesn't give me a warm fuzzy feeling that the pool has sufficient funds to handle all payouts and is being managed properly.

As it has repetitively been explained, Eligius is special because it doens't -have- any money. It pays you directly from the generation transaction. Therefore, it can only pay out as much as it mines, as luck allows. The queue shrinks when the pool is lucky, and grows when the pool is unlucky.

It's an advantage, because since the pool doesn't handle the money directly, there are no funds to be stolen, be it by the pool operator or by an hacker. It comes with the downside of variable payout timeframe.

That being said, sometimes, the pool cannot correctly determine who should be payed in the next block. (it goes in safe mode) Instead of stopping mining (and thus throwing away hashrate), it sends the money to the pool operator's cold wallet; and the payout queue grows fast, since nobody is getting payed. The pool operator then initiates a manual payout to send those coins to those in the payout queue, something he does about weekly.
legendary
Activity: 3766
Merit: 1742
Join the world-leading crypto sportsbook NOW!
Is there a way to monitor variance (luck) in long periods of time, such 1 day/1 week/1 month?

Found mpool, seems works pretty well
legendary
Activity: 3766
Merit: 1742
Join the world-leading crypto sportsbook NOW!
Is there a way to monitor variance (luck) in long periods of time, such 1 day/1 week/1 month?
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