Topic: Help me pick a pool - page 4. (Read 5418 times)

No, OZcoin pays you the transaction fees for transactions included in the block.  Many pools only pay out the subsidy (25 BTC) and keep the transaction fees for themselves.

In my experience, p2pool will have the best payouts if you have a better than average setup (no fees, transaction fees included in payouts).  Multiple pools will not increase your payout (with the exception of pool hopping on the few pools that are still vulnerable to it, but that's a different conversation), it will only lower your variance.  With multiple pools, you will effectively spend 1/X of your time with X different pools so it evens out the luck.

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.

I understand no pool or method is guaranteed to pay more. Luck is involved. But i can make an educated decision based on features and fee's. So thats what im trying to accomplish.

I thought that was someone else's  tag line?

Absolutely no strategy is guaranteed to pay you more except for one thing: Making sure you have multiple pools in case one or more fails for whatever reason.

So OZcoin pays the transaction fee to get BTC transferred 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?

One pool sounds easiest. Easy is nice. But im wondering what pays more. Should i one pool or multi pool? Im guessing opinions will vary but im sure there are facts behind the opinions.

Depending on what you want, I would use Failover, Rotate, or Balance.

If you want to primarily mine on one pool, use failover with a few backup pools.

If you want to try to lower your variance with multiple pools use Rotate (time based switching) or Balance (difficulty 1 share count based switching).

3% fee vs no fee. What would you do? People seem to prefer DGM over PPLNS too.

So many choices. So many decisions to make. What seems to be the most preferred method?

You could always stay with BTC Guild.  We have cookies!

Your Avalon is using CGMiner.  The CGMiner thread top post and the readme explain the mining strategies.

----------------------Readme-------------------------------------------
MULTIPOOL

FAILOVER STRATEGIES WITH MULTIPOOL:
A number of different strategies for dealing with multipool setups are
available. Each has their advantages and disadvantages so multiple strategies
are available by user choice, as per the following list:

FAILOVER:
The default strategy is failover. This means that if you input a number of
pools, it will try to use them as a priority list, moving away from the 1st
to the 2nd, 2nd to 3rd and so on. If any of the earlier pools recover, it will
move back to the higher priority ones.

ROUND ROBIN:
This strategy only moves from one pool to the next when the current one falls
idle and makes no attempt to move otherwise.

ROTATE:
This strategy moves at user-defined intervals from one active pool to the next,
skipping pools that are idle.

LOAD BALANCE:
This strategy sends work to all the pools to maintain optimum load. The most
efficient pools will tend to get a lot more shares. If any pool falls idle, the
rest will tend to take up the slack keeping the miner busy.

BALANCE:
This strategy monitors the amount of difficulty 1 shares solved for each pool
and uses it to try to end up doing the same amount of work for all pools.
---------------------------Readme Not-------------------------------------

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

*rolls Dragon Dice* *references chart for result*

You should..... Solo Mine!!!!   

heh, actually, any of the pools are ok. the bigger the pool, the more consistent the payout is all.

I noticed my avalon has the option to mine with multiple pools. Is that mining with multiple pools at once or just switching to another pool when your main pool is down?

I am considering DGM pools. I hear its the newest and most advanced method. Plus there seems to be more 0% DGM pools.

Eclipse seems to have a big pool but josh is a tool and BFL is on BS. IDK if i want to support them. People seem to respect graet. And he is the only one paying TX reward. Just wish i knew what that means.

If you are mining on non-pps pools then you should spread your miners out to more than one pool to minimize variance.  Pools go through periods of good luck and bad so if you are all in on a single pool then you are subject to whatever luck they have.  If you mine multiple pools you usually have another pool having normal or good luck while one pool has bad luck and it equalizes out.

I have mined on 5 or 6 different BTC pools and many other altcoin pools.  For BTC I now mine on bitparking and bitminter both of which I recommend.  DGM is the best payout formula in my opinion.  PPLNS is ok too.  In my experience the relatively higher variance of pools like slush, bitminter, bitparking and others is more profitable in the long run than lower variance pools like BTC Guild or 50BTC.

Offended me? Not at all.   

I appreciate all the information shared with me.

Network shouldn't make that much of a difference.

Please read the guide I linked above.  It explains what you need to know about how p2pool works.  And I'm sorry I offended you by warning you about raid 0.  I'm glad you have good backup policies.  You'd be surprised how many people do things to improve performance without understanding the tradeoffs.

I understand how raid works. I clone my OS and backup my data on a extra drive.

So my avalon would be more efficient if i stopped using wifi and plugged them in to my desktop with ethernet? Not quite understanding this.

SSDs in raid 0 would work fantastically, but I hope you know that with RAID 0 if any of the drives go down, you lose all your data.

HD speed does matter because with p2pool you have to actually run a complete bitcoin node and that node has to create the work for your miner.