[NR 1] Triplemining.com <> BIG jackpot every week <> - page 38.

ZombieDeity

member

Activity: 84

Merit: 10

Quote from: Auspician on July 07, 2011, 09:49:02 AM

Quote from: MrSam on July 07, 2011, 06:04:28 AM

I have been getting requests from people to ask me to set up a more score based system, against pool hopping.... Not sure what to do here ...

I'll step out of the shadows and reveal myself. Personally, I'm committed to Triple Mining. I think its a fun pool design, friendly members and has a great community feel. Assuming the pool doesn't go down, I don't want to mine anywhere else.

That said, I don't want to have lower earnings because I'm not pool hopping on slower rounds like others are. It is my feeling that those who are committed to mining with Triple Mining should receive the highest payouts; but I honestly have no idea how this could be fairly achieved.

Would a score based system or some other incentive to stick with Triple Mining make it more difficult to attract new people to the pool? I don't know. But honestly, I'd prefer to be part of a smaller dedicated group of miners rather than a bunch of pool hoppers. Am I alone in this?

I agree. If we're going to put in 80+ hours on a block like this one, I don't want pool hoppers taking any of what little we make from it through dedication.

mikegogulski

sr. member

Activity: 360

Merit: 250

I got me a jackpotz! Wheeeee!!!!

wolf902

newbie

Activity: 28

Merit: 0

Hey guys wolf902 here.
Recently after mining at deep bit quite a lot i had stumbled upon triple mining.I had to Ask my self this, you should ask your self this as-well.
Do you want a more efficient pool and to mean something in the bitcoin industry?

Well then if you answered yes, Join up! Tons of benefits,jackpots,and every block found is distributed to all users. In addition, an extra bonus can be returned to you through our weekly jackpot where all accounts are treated equally and have the same chance of winning the jackpot.

We recently found our second block which is distributed evenly to all workers mind you. There is word that our third block is on it's way.

The link is here https://wolf902.triplemining.com/register

Sign up and your good to go. (Don't forget to make a worker! This is in your account. The username and pw your use here is what you use when mining.)
host=eu.triplemining.com --port=8344
here is GUI miner
https://github.com/downloads/Kiv/poclbm/guiminer-20110701.exe
select server as "Triplemining"
Enter username and pw matching your worker.
Start mining!

Any questions please PM me or post here! I will answer them to the best of my ability!

Auspician

full member

Activity: 126

Merit: 103

Quote from: sealkid on July 07, 2011, 02:19:21 PM

Lets start sweepstakes! Who can bet when the block will be found? I'll choose the 5-6 hour period after this post Lips sealed

(1am-2am GMT+1)

That could be quite a bit of fun, actually. In fact I created a game where we can place a few small wagers to keep us entertained until the block is found. You can check out the game here.

enmaku

hero member

Activity: 742

Merit: 500

80 hours... are you freaking kidding me? This is just too painful to watch.

sealkid

jr. member

Activity: 59

Merit: 1

Honk, honk!

Lets start sweepstakes! Who can bet when the block will be found? I'll choose the 5-6 hour period after this post Lips sealed

(1am-2am GMT+1)

Auspician

full member

Activity: 126

Merit: 103

They do average out. It just depends on how long it takes to find a block. You won't have the same performance at ten small pools of the same size; it is purely a matter of luck. The reason you're able to attain more BTCs in a shorter period of time from another pool is purely due to that pools better luck in finding a block compared to this round for Triple Mining.

That . . . and 'estimated' payouts don't mean anything until a block is found. If a block is found in 1 minute, you might snag 1BTC for your efforts during that minute. If a block is found after 100 hours, you might get that same BTC for your efforts during those hours. You'll get less if more people added their hashpower during that cycle, or more if people removed hashpower during that cycle. Make sense?

All this banter aside, can we find a freaking block already? Geesh . . . Tongue

Edit: I've had three people join my minipool today, but none of them have started mining as of yet. Probably wisely waiting until this block is found before entering the ring . . . hopefully we gain 10-20Ghash/s after we find this next block, removing the pain of waiting for the 4th.

Oldminer

legendary

Activity: 1022

Merit: 1001

Quote from: PandaMiner on July 07, 2011, 11:54:23 AM

I added up all my shares with the workers, and then figured out what percentage my shares were compared to total shares. I then plugged this percentage into the block total (50btc) and my result was exactly the same as the estimated amount shown in my account page.

Yea but your conclusion is based on the assumption that the estimated earnings for your workers is correct also.

Ive got a miner running on another pool atm and after just 8 hours or so its estimated earnings are @ approx 0.30BTC /24h (its already earnt 0.15 BTC)....while my estimated earnings for my miner @ TP is only .50 BTC after 79 hours of mining.

My experience with other pools has always been that regardless of pool size and the difficulty of a block, my earnings have still averaged out the same according to my hash rate.

PandaMiner

sr. member

Activity: 322

Merit: 250

At first I was thinking just like oldminer. But then I did the math.

I added up all my shares with the workers, and then figured out what percentage my shares were compared to total shares. I then plugged this percentage into the block total (50btc) and my result was exactly the same as the estimated amount shown in my account page.

Sure, it's getting lower, but look how much we've grown. We were at 15ghps when we solved other blocks, there were fewer shares in total, so our percentage of the pie was bigger.

So, it's a fair distribution. But then you got the other incentives, like pool bonus, jackpot, and whatever else Sam decides to add to sweeten the pot.

Fiyasko

legendary

Activity: 1428

Merit: 1001

Okey Dokey Lokey

Quote from: WillMitchell on July 06, 2011, 12:59:59 PM

Quote from: Grinder on July 06, 2011, 11:35:31 AM

Quote from: WillMitchell on July 05, 2011, 11:15:12 PM

...How is it a zero sum game? It is dumb of me to think that anybody in the forum for a digital currency has any sense, but this is ridiculous...

How is it not a zero-sum game? Do you think that if this pyramid scheme lets some people earn more than they would on a zero fee pool, then those extra bitcoins are created out of thin air? Yes, you not understanding something as simple as this is ridiculous.

Lucky owners at TripleMining have figured out how to create bitcoins out of thin air...

Roll Eyes

Just shutup already

CNMOH

member

Activity: 266

Merit: 10

Quote from: Auspician on July 07, 2011, 09:49:02 AM

Quote from: MrSam on July 07, 2011, 06:04:28 AM

I have been getting requests from people to ask me to set up a more score based system, against pool hopping.... Not sure what to do here ...

I'll step out of the shadows and reveal myself. Personally, I'm committed to Triple Mining. I think its a fun pool design, friendly members and has a great community feel. Assuming the pool doesn't go down, I don't want to mine anywhere else.

That said, I don't want to have lower earnings because I'm not pool hopping on slower rounds like others are. It is my feeling that those who are committed to mining with Triple Mining should receive the highest payouts; but I honestly have no idea how this could be fairly achieved.

Would a score based system or some other incentive to stick with Triple Mining make it more difficult to attract new people to the pool? I don't know. But honestly, I'd prefer to be part of a smaller dedicated group of miners rather than a bunch of pool hoppers. Am I alone in this?

I agree, but the pool is growing quickly and soon this won't be a problem anymore.

Auspician

full member

Activity: 126

Merit: 103

Quote from: MrSam on July 07, 2011, 06:04:28 AM

I have been getting requests from people to ask me to set up a more score based system, against pool hopping.... Not sure what to do here ...

I'll step out of the shadows and reveal myself. Personally, I'm committed to Triple Mining. I think its a fun pool design, friendly members and has a great community feel. Assuming the pool doesn't go down, I don't want to mine anywhere else.

That said, I don't want to have lower earnings because I'm not pool hopping on slower rounds like others are. It is my feeling that those who are committed to mining with Triple Mining should receive the highest payouts; but I honestly have no idea how this could be fairly achieved.

Would a score based system or some other incentive to stick with Triple Mining make it more difficult to attract new people to the pool? I don't know. But honestly, I'd prefer to be part of a smaller dedicated group of miners rather than a bunch of pool hoppers. Am I alone in this?

CNMOH

member

Activity: 266

Merit: 10

Quote from: Oldminer on July 07, 2011, 05:13:54 AM

Quote from: CNMOH on July 07, 2011, 04:19:19 AM

It's proportional. Seeing as we're having an unlucky round, rewards will only decrease as more hashing power is added to the pool. The pool has grown a lot during this round.

Err sure..however, for example, I have just swapped back over to bitcoins.lc after not mining there for some time to test my theory, and already my estimated earnings after just an hour of mining is 0.38693534 BTC / 24h. And their pool size is 664.68 Ghash/s.

Something's not right here..

There's nothing wrong. Bitcoins.lc is a large pool, the pool does not grow enough in a single round for there to be much variance because their rounds are so short. This round has been going so long, and it had time to grow a lot during that round, meaning the block has to be distributed among more and more people. It's simply an unlucky round.

MrSam

member

Activity: 112

Merit: 10

Quote from: sealkid on July 07, 2011, 05:44:36 AM

I did notice that my estimated reward for the current 71 hour round is under half of what I was paid out for block #2... but I was gonna wait for the block to be solved before saying anything. I was thinking along the same lines as CNMOH for this (proportional), but it depends on how MrSam is calculating the rewards between blocks - aggregate or accumulating (depending on total hashrate and allowing for people leaving or ceasing to mine). I've already forgotten how long blocks #1 and #2 took. Maybe under the 'my payouts' section, it can display solve time for each block? (haha - too lazy to do Jul 04 2011 12:03:58 minus Jul 02 2011 11:06:02 Roll Eyes

)

Currently i take:
Round blocks / your blocks = your percentage of 50BTC.

You can easy recalculate this.

I have been getting requests from people to ask me to set up a more score based system, against pool hopping.... Not sure what to do here ...

sealkid

jr. member

Activity: 59

Merit: 1

Honk, honk!

I did notice that my estimated reward for the current 71 hour round is under half of what I was paid out for block #2... but I was gonna wait for the block to be solved before saying anything. I was thinking along the same lines as CNMOH for this (proportional), but it depends on how MrSam is calculating the rewards between blocks - aggregate or accumulating (depending on total hashrate and allowing for people leaving or ceasing to mine). I've already forgotten how long blocks #1 and #2 took. Maybe under the 'my payouts' section, it can display solve time for each block? (haha - too lazy to do Jul 04 2011 12:03:58 minus Jul 02 2011 11:06:02 Roll Eyes

)

MrSam

member

Activity: 112

Merit: 10

I was just looking at some other pools, did you know that even eligius just had a 91h round with 4 times our ghash ? Talking about bad luck.

Round times are estimates on our current difficulty, any pool can have bad luck and very good luck ( We done our first 2 rounds twice as fast as we should)

About the estimated payment:
If everyone would stick to this pool while searching for a block, the estimate would stay the same. But what happens is that people leave, and other people join, and in the meantime we grow a little. So not only does your personal share get smaller because the pool is growing, it also needs to be distributed amongst many more miners since there are so many leaving/joining.

I'm sorry that some of you feel the need to go, but please do your calculations well. It is not because you are getting more frequent blocks that you earn more in the long run. (deepbit has > 5m rounds aswell)

Oldminer

legendary

Activity: 1022

Merit: 1001

Quote from: CNMOH on July 07, 2011, 04:19:19 AM

It's proportional. Seeing as we're having an unlucky round, rewards will only decrease as more hashing power is added to the pool. The pool has grown a lot during this round.

Err sure..however, for example, I have just swapped back over to bitcoins.lc after not mining there for some time to test my theory, and already my estimated earnings after just an hour of mining is 0.38693534 BTC / 24h. And their pool size is 664.68 Ghash/s.

Something's not right here..

CNMOH

member

Activity: 266

Merit: 10

Quote from: Oldminer on July 07, 2011, 04:05:20 AM

Hey guys anyone else notice anything odd with their earnings estimates?

Current round has been going for 69 hours and my estimated reward is only 0.57215229 BTC even though Ive been mining pretty well constantly @ 630 MHash/s since the round started Huh

It's proportional. Seeing as we're having an unlucky round, rewards will only decrease as more hashing power is added to the pool. The pool has grown a lot during this round.

Oldminer

legendary

Activity: 1022

Merit: 1001

Hey guys anyone else notice anything odd with their earnings estimates?

Current round has been going for 69 hours and my estimated reward is only 0.57215229 BTC even though Ive been mining pretty well constantly @ 630 MHash/s since the round started Huh

WillMitchell

member

Activity: 98

Merit: 10

Quote from: Boing7898 on July 05, 2011, 10:03:26 AM

Quote from: CNMOH on July 05, 2011, 09:41:13 AM

All these threads are just going to give the pool a bad name :/

Finally someone understand.
This make everyone hate this pool, like it was with referrals.

Dont care

Topic: [NR 1] Triplemining.com <> BIG jackpot every week <> - page 38. (Read 113696 times)