Luxor - North American Based Mining Pool - New BTC Pool

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: Nick600 on October 23, 2019, 11:41:58 PM

Quote from: kano on October 23, 2019, 08:41:13 PM

Quote from: Nick600 on October 23, 2019, 04:21:07 PM

...
TL;DR PPS incentives the pool to operate at max efficiency, which is good for the miners and good for the network.

There is no such "max efficiency" related to PPS.

Sure there is. By taking on the onus of generating maximum profit for the pool, we are incentivized to make sure the pool is well connected (i.e. no orphans or rejects), make sure that shares are consistently accepted at a high rate and provide services which maximize the pool's efficiency (accelerators, proxies, etc..).

You are talking about what every pool must do. It has nothing to do with PPS vs PPLNS.

Quote

With PPLNS, it's possible (and easy) to inject a share here and there which is nearly impossible for even the savviest of miners to detect.

You are delusional.
Every share you submit to every pool is detected by the pool you submit it to.

Nick600

newbie

Activity: 4

Merit: 0

Quote from: kano on October 23, 2019, 08:41:13 PM

There is no such "max efficiency" related to PPS.

Sure there is. By taking on the onus of generating maximum profit for the pool, we are incentivized to make sure the pool is well connected (i.e. no orphans or rejects), make sure that shares are consistently accepted at a high rate and provide services which maximize the pool's efficiency (accelerators, proxies, etc..).

With PPLNS, it's possible (and easy) to inject a share here and there which is nearly impossible for even the savviest of miners to detect.

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: Nick600 on October 23, 2019, 04:21:07 PM

...
TL;DR PPS incentives the pool to operate at max efficiency, which is good for the miners and good for the network.

There is no such "max efficiency" related to PPS.

PPS means zero variance.
PPLNS variance depends on the pool size. If the pool is large, then it's irrelevant.

PPS means higher fees.
PPLNS means lower fees.

The only thing a PPS pool can do, which this pool does not do, is make sure they keep enough BTC in their wallet and charge a high enough fee, to handle a downturn in luck.
PPLNS doesn't have to do this.

Again, I've outlined here, using Meni's statistical analysis of pools, how you can determine how much BTC you need and what fee you need to charge for PPS:
https://bitcointalksearch.org/topic/m.48795003

Nick600

newbie

Activity: 4

Merit: 0

Quote from: wndsnb on October 23, 2019, 08:09:13 AM

Will you be offering a PPLNS payout at a lower fee?

The fee listed on your website for PPS+ is 3%, is that an introductory rate?

We will not be offering PPLNS. We strongly believe that all pools should be PPS+. We'll continue to beat the drum for this with articles explaining the details behind the choice.

TL;DR PPS incentives the pool to operate at max efficiency, which is good for the miners and good for the network.

wndsnb

hero member

Activity: 544

Merit: 589

Will you be offering a PPLNS payout at a lower fee?

The fee listed on your website for PPS+ is 3%, is that an introductory rate?

luxortech

newbie

Activity: 23

Merit: 1

Luxor Tech is North America’s largest mining pool operator, supporting 15 different coins and over 8,500 miners. We are experienced in delivering high quality pools, with strong uptime and customer service and are thrilled to bring this knowledge to the Bitcoin Mining Industry. BTC

Help us decentralize BTC mining while being paid PPS+.

Setup Guide here: https://medium.com/luxor/tl-dr-how-to-mine-bitcoin-with-luxor-c8a31867f6d6

Mining Site: https://mining.luxor.tech/

stratum+tcp://btc-us.luxor.tech:6000
stratum+tcp://btc-cn.luxor.tech:6000
stratum+tcp://btc-asia.luxor.tech:6000
stratum+tcp://btc-eu.luxor.tech:6000
stratum+tcp://btc-sing.luxor.tech:6000

Feel free to ask us questions below or email us at [email protected].

Twitter: https://twitter.com/luxortechteam
Discord: https://discordapp.com/invite/AHvsqbW

Topic: Luxor - North American Based Mining Pool - New BTC Pool (Read 251 times)