Topic: Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB - page 241. (Read 1061452 times)

One thing large pools have over smaller pools is they are more likely to be able to build on their own block, hence reducing orphans, since the longest chain wins.

M

I'm not sure. Technically you can't hold the answer for long; if someone else gets it you totally lose. But if you have huge hashing it might be worth it, I don't know. Then again I am probably missing something very very basic, anyone?


And that is what I am hanging my hat on right now. It's maddening, but quite true that any pool might never find a block again. Or they might find a thousand blocks in sequence. But over time everything averages out.

Even the 3%, 4%, and 70% luck I am looking at now. Everything. If not then everyone will go to one pool and that will be it for Bitcoin.

C

Just checked in for the first time since yesterday afternoon (CST). Site showing 504 here, too, but the miners I have directed at Eligius have never switched to failover during the past week or two where the site has been really, really buggy.

payouts also slow, the same as with the rest. wasn't really an 'issue' until yesterday, when i decided to buy another miner. that isn't the fault of Eligius though, so i'm not assigning blame. i had had a few small purchases the day prior and my 'hot' wallet was a little depleted. the additional miner was spur-of-the-moment, and thought i had enough to cover it. not a big deal. just took a little out of the cold wallet, and will be able to replace what i took out within a few days i'm sure.

as for the fees in discussion... i think they're a good idea on the surface. i agree with others who are posting that a little thought needs to be put into on how these truly would be implemented. i think most who post here regularly, or follow this thread regularly, as i don't really post too often, donate at least some portion back to the pool. i'm sure that most do not. it's free, and they simply latch onto that. donating takes effort, and if your sole draw to the pool is the lack of fees, i doubt a person in the frame of mind would donate.

for those who aren't donating, if you like the pool, stop bitching and donate. even if you are like me and don't have a lot of hashing power, you can still pony up 0.5%-1%. you're not going to notice it.

that all said, it is odd that the site has been as wonky as it's has been, and the payout mechanism is much, much slower. i don't mind if i get the minimum once per day, or 3 or 4 times that a few days down the road. i'm mainly just hopeful that whatever is causing the issues can be resolved without a lot more hassle to the operators, since whatever is causing the problem seems to still be lingering, meaning it must not be obvious or easy.

good luck WK, and Luke. i'll drop by another time to catch up on the latest news.

thanks for clarifying that. I have no doubt the pool is still working away

As of 12:46 pm Mountain Time, my miner is still hashing away. Stats page is 504.

But the thing is, ANY pool can be ripping off their members, even if they have the prettiest, most reliable stats.  For all the members of BTC Guild know it's taking members a few minutes longer than it's supposed to each day to mine a certain amount, and that hash time is going to the head cheese at BTC Guild. Heck, I am sure there are ways to skim off coins that most people wouldn't even understand. 

Nobody knows for sure.  However, I do know that Eligius has always paid out eventually, and I am in no hurry to spend my BTC, so I can wait....UNTIL NEXT THURSDAY when I am ordering an S1. I better have my damn payout by then! :-)

It is my understanding that if you leave this pool eventually you will still get your 3% or whatever shelved shares.  I thought I saw that posted by someone on Reddit the other day.  Someone please correct me if I am wrong.  I'd be interested in knowing, just in case I decide to leave for a better pool.....oh wait...Eligius is the best. Never mind. :-)

I hadn't thought of it but I guess having a head start on the next block in larger pools can help, but Eligius is consistently pool #2 or #3.  I wonder how much difference it would make over time compared to #1.

In regards to luck however, no matter what pool, my hunch is that over time it balances out across the entire Bitcoin network.  Sort of like Vegas.  Whether you are having a bad streak, or a lucky streak, the house odds are going to be the same over time.

The vast majority of Eligius miner's don't know and don't trust the operators of the pool.  They use it because it is the low fee option.  Once the risk (meaning queued payouts) becomes greater than the reward (call it 1% of mining), then they leave.

Wait so long?  Was there something you needed to buy immediately, and you need your payout right away?  Otherwise, what does it really matter if you end up getting the coins you are supposed to get at the point in time when they are able to pay out?

In fact, if you really do have some kind of emergency and you need your coins immediately I bet wizkid would take the time to do a manual payout if you emailed him privately.  I can't speak for him, and I am not sure he'd do it, but it wouldn't hurt to ask.

However, if there's no emergency, and you aren't just dying to spend your coins on something right away, I don't see what the issue is in regards to having to wait.  Now, if the rent is due today, you pay it in BTC, and you don't have enough in your wallet now, then I can understand.  But, if you are just going to hold the BTC in a wallet then it really doesn't matter as long as we eventually get paid what we are supposed to be paid, and I have no doubt we will.

Or am I missing something here?

Not necessarily. Eclipse (no I have no connection to them really) does DGM with no fees (but they do keep the tx fees IIRC), and p2pool is no fee as well. Technically it doesn't matter if you mine with a pool or mine solo, your payout over time should be identical. However "time" can be centuries if you mine alone.

That is one question on my mind: Do large pools have any luck advantage because as they generate blocks they have a head start on the next block due to propagation delays? The advantage might be small, but if it's cumulative it could be a problem.

Also a larger pool might have a lower percentage of rejected blocks, it's small but there.

As for fees, neither eclipse or eligius charge fees, however I always seem to have 3% in my "shelved shares", and Eclipse's luck always seems to hover around 47-48%. Actually that might mean a 4-6% less payout, correct?

One of the biggest draws of Eligius for me (aside from the trust in the provider) is the stats allow me to match my system performance with what they are seeing. On Eclipse I sometimes see a bit less, and I wonder if that's due to lag, pool quality, or chance. I wish they had longer running stats so I could see what my systems were doing.

What I might do is split my 900+gh between three pools: 300 for Eclipse, 300 for Eligius, 300 for p2pool. Once Eligius comes back to a stable state, if they're having capacity problems I will point my stuff elsewhere even though it costs me a bit in that rock-solid reliability I have grown to trust.

C

C

i've now gone to bitparking. if we need to wait so long for payouts, i may as well work on a DGM pool... and get some shitcoins in the process.

This is something I have difficulty understanding.  Your mining rig isn't going to run any faster in another pool, and it's definitely going to cost you more to mine somewhere else.

So, you can stay and get the exact BTC you should get when things are back online (they have always paid in the past), or you can leave and lose a percentage in fees, and have less BTC at the same point in time as Eligius will eventually pay out.

It makes absolutely no sense to me that anyone would leave, unless you like paying a fee to see pretty numbers and charts.  The end result of leaving is you end up with less BTC.

Oh, and if getting ripped off is a concern, Eligius has a history of always paying out, and I can't imagine they would stop all of a sudden.  Heck, ANY pool could pack up and bail at any moment, stealing from all the members even if their stats are working perfectly.  Stats being down on Eligius certainly isn't a sign that there's a higher risk of being ripped off.

The last time it went into fail safe mode I know that my miners were still hashing, and Eligius was still accumulating my Bitcoin.  When they came back up my total was right about where I estimated it should be.  If your miners were producing Bitcoin before the public site went down, and you haven't changed anything, I wouldn't worry.

I agree that this seems to be happening a bit too often these days.  However, I have a hunch it's because Eligius is probably growing and gaining more hashrate rather quickly.  Eligius is always 2nd or 3rd largest pool as far as hash rate in the rankings.  https://blockchain.info/pools

The way I see it this is new technology, and it's a learning experience for all involved.  It's not like wizkid or anybody else has had a chance to come into this with 10 years of experience.

Pick your poison.

Pay 3% at BTC Guild and have a rock solid site.

Pay nothing, except optional donations here, and the system can be unstable.

M

I'm moving my miners off Eligius. May come back if things improve but this is ridiculous.

Stats have been down for like 48 hours, now the site is completely down. That's just unnaceptable for one of the largest pools, or really any site at all. I just am skeptical that this is all being used as a front for pool operators absconding with coins that should have gone to the miners. Admittedly I have a hard time trusting Christians or "altruists".

Starting to happen a little to much, You would think by donating would help improve the site, and speed up the payouts to who donate...seems like a no brainer to me...

i presumed so, just feel it's a bit too often these days 

Watching as well.

A well designed pool has it's front end (the part you see when you go to the website) separate from the backend (the part that does that mine processing).  Since the workers haven't failed over, chances are all is well.  We just can't see it.

M

I hope someone can clarify soon.....  I'm pondering if my miner is hashing still.