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Topic: Help me pick a pool - page 3. (Read 5418 times)

full member
Activity: 182
Merit: 100
July 12, 2013, 09:38:24 PM
#71
BTCguild pool speed says 46GH. Eclipse pool speed says 10TH. Doesnt more hashing power mean more blocks found and more BTC paid?

Higher hash rate = more blocks per hour = more consistent payouts in a pool that isn't PPS.

If the difficulty was relatively 'constant' as it was prior to Jan 2013, over a few months it wouldn't matter if you were mining PPS or PPLNS or DGM. The variance would average out between the methods. But now the difficulty is going up 20% every 12 days. So lets say you mine with a small pool, like Eclipse, and it has a bad luck week. You just lost out of income at a difficulty level that is gone forever. Sure it may have a better luck week in the future, but that will be at a higher difficulty, lower income per hash rate.

Perhaps I am seeing this wrong, but in order to maximize your ROI in this rapidly rising hash rate environment, I feel you need to be on a pool that gives consistent even rewards with very little variance. The really big PPLNS pools (BTCGuild) do that as does 50BTC. No surprise they are in the top 3 pools.
legendary
Activity: 1904
Merit: 1002
July 12, 2013, 09:37:07 PM
#70
Is that your way of saying "no" more pool hashing power does not mean more BTC ?

More hashing power means more BTC on average.  In the short term, it can vary.
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
July 12, 2013, 09:35:41 PM
#69
Is that your way of saying "no" more pool hashing power does not mean more BTC ?
legendary
Activity: 1904
Merit: 1002
July 12, 2013, 09:32:41 PM
#68
BTCguild pool speed says 46GH. Eclipse pool speed says 10TH. Doesnt more hashing power mean more blocks found and more BTC paid?

On average.... variance is very wide for "solo mining", even with 46 GH.
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
July 12, 2013, 09:29:36 PM
#67
BTCguild pool speed says 46GH. Eclipse pool speed says 10TH. Doesnt more hashing power mean more blocks found and more BTC paid?
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
July 12, 2013, 07:58:28 PM
#66
Does anybody know if BTC with eclipse gets applied to my balance every 24 hours or when block is found? While switching miners over to eclipse i accidentally started up a few singles with BTCguild server information and even though they were only mining for 10 minutes i had BTC applied to my balance instantly that was available to withdraw. Thats really sweet.

Still debating the fact that BTCguild pays TX reward and orphans but eclipse does not. I also dont like or trust the pool operators of eclipse and would rather support BTCguild or OZcoin. Still not sure who i want to mine with.
legendary
Activity: 3583
Merit: 1094
Think for yourself
July 12, 2013, 07:40:08 PM
#65
Ive been mining with eclipse for a few hours and my BTC earned shows a big fat 0. Im assuming eclipse updates balance every 24 hours? I dont like this "estimated" reward crap. I think BTCguild updated balance every hour. I miss checking my account every few hours and watching the balance go up.   Undecided

Well it is at 67 Million shares for the round.  Maybe they haven't solved a block yet since you've been mining there.  BTC Guild is the largest pool in existence now so they solve more blocks so you would see your balance increase more often, but in smaller increments.
Sam

Edit: the estimates are usually if a block was found now estimate.  But I'm not familiar with EMC.
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
July 12, 2013, 06:57:25 PM
#64
Ive been mining with eclipse for a few hours and my BTC earned shows a big fat 0. Im assuming eclipse updates balance every 24 hours? I dont like this "estimated" reward crap. I think BTCguild updated balance every hour. I miss checking my account every few hours and watching the balance go up.   Undecided


legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
July 12, 2013, 06:48:30 PM
#63
TY sir
legendary
Activity: 3583
Merit: 1094
Think for yourself
July 12, 2013, 06:34:58 PM
#62
I noticed eclipse has 3 different mining servers. Is this considered 1 pool or 3?



One pool with 3 servers connected to a common database.  You can setup each server as it's own pool in CGMiner so that it will failover from one server to the next.
Sam
legendary
Activity: 1120
Merit: 1001
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July 12, 2013, 06:33:15 PM
#61
I noticed eclipse has 3 different mining servers. Is this considered 1 pool or 3?

legendary
Activity: 3583
Merit: 1094
Think for yourself
July 12, 2013, 05:17:57 PM
#60
Figured out merged mining. Eclipse also mines namecoin. Bitparking mines namecoin, devcoin, and IXcoin. I never heard of these before. Im sure the value is nothing compared to BTC. But it is still something. Should something like this influence my decision making?

Also, that sticky seems to have outdated information. Eclipse does offer merged mining. They also offer conversion from namecoin to BTC.

Here's info on Namecoin

http://dot-bit.org/Main_Page
legendary
Activity: 3583
Merit: 1094
Think for yourself
July 12, 2013, 05:15:30 PM
#59
Still need to figure out stratum and getwork/GBT.

Those are protocols - there are threads which specialize in the description of them and are easy to find.

Stratum will be best for your Avalons

Do not use getwork for Avalons this is the old CPU/GPU mining protocol

GBT would be OK but Stratum is better for Avalons
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
July 12, 2013, 04:02:17 PM
#58
Dam, bitparking is only offering 0% DGM temporarily. They are going back to 1.5% soon. Looks like im going with eclipse unless somebody can sway me away from eclipse.

Still need to figure out stratum and getwork/GBT.
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
July 12, 2013, 03:54:10 PM
#57
Figured out merged mining. Eclipse also mines namecoin. Bitparking mines namecoin, devcoin, and IXcoin. I never heard of these before. Im sure the value is nothing compared to BTC. But it is still something. Should something like this influence my decision making?

Also, that sticky seems to have outdated information. Eclipse does offer merged mining. They also offer conversion from namecoin to BTC.
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
July 12, 2013, 03:49:36 PM
#56
I think im going with esclipse but still considering bitparking. Last few questions before i do. I noticed they have different features. Variable difficulty, local work, and merged mining. How does this work?

legendary
Activity: 3583
Merit: 1094
Think for yourself
July 12, 2013, 03:06:06 PM
#55
Even if you intend to only mine on one pool, you should set a failover pool in case your chosen pool goes down for any reason.

Yes, what he said.

You should always 2 or 3 alternate pools in case of a failure or DDoS attack on your main pool.  Your last failover pool should always be your local Bitcoin-QT too so that if all else fails your solo mining at least, that's good for the bitcoin network too.  Just running your bitcoin client helps relay transactions.
Sam
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
July 12, 2013, 03:05:13 PM
#54
TY for education. I did misunderstand. I thought transaction fee was the fee you get asked to pay to send BTC through nodes quicker. I like the fact that graet shares this with his pool. But it doesnt sound like this is sufficient enough to make 1% fee pool a better option over a 0% fee pool. Especially when you have a substantial amount of hashing power.
legendary
Activity: 3583
Merit: 1094
Think for yourself
July 12, 2013, 03:01:03 PM
#53
If you want to transfer bitcoins from one place to another, such as buying something time critical if you include a transaction fee people generating blocks will, most likely, include your transaction quicker if you offer a transaction fee.  At some point in the future transaction fees will surpass the block generation reward.

So pools that share transactions will add that to the 25 BTC block reward.
Sam

So OZcoin pays the transaction fee to get it quicker?

No! When a block is solved there are also transaction fees added to it.  So the total reward is Block Plus Transaction fees, 25BTC + Fees.  Total block reward is around 25.2 or so most of the time.  The extra from the fees will be distributed to all miners with the rest of the reward.  0 fee pools usually keep the extra transaction fees as their operation fee.

Block rewards halve every 210,000?? blocks so one day transaction fees will surpass block rewards.
Hope that makes sense now,
Sam
hero member
Activity: 490
Merit: 501
July 12, 2013, 03:00:39 PM
#52
If you want to transfer bitcoins from one place to another, such as buying something time critical if you include a transaction fee people generating blocks will, most likely, include your transaction quicker if you offer a transaction fee.  At some point in the future transaction fees will surpass the block generation reward.

So pools that share transactions will add that to the 25 BTC block reward.
Sam

So OZcoin pays the transaction fee to get it quicker? Quicker is nice but that doesnt seem to be a good reason to pay 1% vs 0%. I also noticed maxbtc does not support ASIC. Am i wrong to assume eclipse is the best pool?

No, i think you misunderstand, or i do. Pools receive fractions of a bitcoin(transaction fees) to include transaction in the blocks they find. Some pools share the fees with the miners, some don't. don't ask me which do which, i don't know. I know Slush Pool does. that is where i mine. I also mine at BTCguild.
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