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Topic: [OLD] Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 # - page 176. (Read 458255 times)

legendary
Activity: 1428
Merit: 1000
i don't have any problems in waiting for the end of your vacation either.

just one suggestion: display the registered nmc address on the stats page. it confuses me a little Wink
hero member
Activity: 896
Merit: 1000
Buy this account on March-2019. New Owner here!!
pennytrader: I dont think so... The way it looks is he does not have enough time to complete recoding the pool to integrate NMC stats/payouts before he goes on vacation.

Luke-JR: Basically you have two options, either (a) give someone you know and trust ssh access to the pool and access to the pools namecoin wallet, and user addresses and the equation you are using to pay out. or (b) [the most likely option] just hope for the best and pay everyone out when you get back and maybe offer some kind of bonus - an incentive for people to have faith and keep mining for nmc for 10 days without payment.

Either way is fine with me, I don't mind waiting 10 days, however the other side of that is 10 days is a long time in the Bitcoin world and most anything could happen. One thing that I worry about as well is that now you have gone public with you plans to be away for 10 days you are almost certain to be the target of an attack (this exact same thing happened to slush if you remember around spring time)

I know the last thing you (or your family) wants to do is be worrying about your pool while on vacation but If you have the means to monitor remotely and also have means to reboot remotely from smart phone etc that would be helpful...
 
thats my two-cents Smiley

sr. member
Activity: 254
Merit: 250
Before the manual payout of NMC, I'd like to know if there's any way I can view how many NMCs I've mined through some stats page...
legendary
Activity: 2576
Merit: 1186
So anyhow, we may have a problem, depending on everyone mining for namecoins... I've got a 10-day vacation coming up, starting this Wednesday. Realistically, it's not looking like I'm going to be prepared to finish, test, and deploy the rewrite by then. This means the pool will need to continue as-is for 10 days straight with minimal intervention from me, including no namecoin payouts. I still plan to do at least another manual payout of namecoin before I leave. If this is a big problem to namecoin-interested miners, come help me brainstorm for an interim solution on IRC?

The last difficulty's "round" is delayed payout due to not earning enough for full PPS (even combined with the last round's leftover funds). I expect that there will be plenty once non-namecoin miners are removed from the equation, which should happen a week after we started merged mining (so the day I leave). That is when I will plan to payout those funds, plus the mid-difficulty "round" after it.
hero member
Activity: 896
Merit: 1000
Buy this account on March-2019. New Owner here!!
There are not any risks to not using a registration system. If anything it is more secure than a pool that uses a registration system, no one can get your password and get into your account and change your wallet address. It puts the responsibility on you. Whatever wallet address you use as a username that's where the money goes. If you ask me having a registered account is quite unnecessary and the other pools that use systems like that have had to institute additional security precautions like email confirmation and white-listed IP addresses because that system is so insecure.

A perfect example is the several pools that have had their sql databases compromised and the worst part of that being a lot of people use the same password for everything, what a security nightmare, some script kiddie does a mysql injection attack and owns pushpool-x's database, now passwords and email addresses are leaked that probably work all over the place, gmail accounts, forum accounts, mtgox accounts, dwolla accounts it goes on and on.

Pools that have registration are much much more riskier than the system Luke-Jr uses.




full member
Activity: 168
Merit: 100
Moving from another pool, that was how it worked so i'm confused.

Other pools award the POOL the coins.  They pool then waits 120 confirmations and then send you the coins as a seperate transaction.  You technically don't receive coins from the block. You are paid from the pool and then wait 6 MORE confirmation.

Eligius works differently.  The pool isn't the block reward.  You are paid the block reward directly and thus bitcoin network requires you to wait that 120 confirmations (same as the pool does in most pools).

The simple answer is:
Eligius - you are paid directly from the block generation
Other pools  - block generation -> pool -> you

Thanks for the explanation. I got it now.

As far as NMC mining, we cant see how much we're generating?

Oh one last thing..

Is there a reason why we dont use registration system like other pools? like we will have miners and password...etc?

Is it safe the way we're doing with just address? What are the potential risks?
legendary
Activity: 2576
Merit: 1186
Isnt the usually confirmation of a transaction 7? When i sent/received BTC, its unconfirmed until 6 confirmations. Hope you dont mind me asking..
The number of confirmations to make a transaction "confirmed" are an arbitrary point where you decide to trust it as permanent. The current network protocol has an arbitrary "new coins can't be sent until 100 confirmations" bug-by-design for safety. Everything else is entirely client-side and you can modify if you want.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Moving from another pool, that was how it worked so i'm confused.

Other pools award the POOL the coins.  They pool then waits 120 confirmations and then send you the coins as a seperate transaction.  You technically don't receive coins from the block. You are paid from the pool and then wait 6 MORE confirmation.

Eligius works differently.  The pool isn't the block reward.  You are paid the block reward directly and thus bitcoin network requires you to wait that 120 confirmations (same as the pool does in most pools).

The simple answer is:
Eligius - you are paid directly from the block generation
Other pools  - block generation -> pool -> you
full member
Activity: 196
Merit: 101
full member
Activity: 154
Merit: 100
My BTC client says ".. generated 1.166xxx BTC.. matures in XXX blocks ". What does it mean? My balance is still 0.00
This is an issue with how your client displays it. 1.166xxx BTC was sent, but your client is neglecting to display it until it's confirmed XXX more blocks.

Isnt the usually confirmation of a transaction 7? When i sent/received BTC, its unconfirmed until 6 confirmations. Hope you dont mind me asking..

Moving from another pool, that was how it worked so i'm confused.


Old bitcoins have the 6-7 transfer rate.

newly mined coins need 120 confirmations, inorder to rule out an orphaned block (thus void bitcoins)
legendary
Activity: 966
Merit: 1004
Keep it real
My BTC client says ".. generated 1.166xxx BTC.. matures in XXX blocks ". What does it mean? My balance is still 0.00
This is an issue with how your client displays it. 1.166xxx BTC was sent, but your client is neglecting to display it until it's confirmed XXX more blocks.

Isnt the usually confirmation of a transaction 7? When i sent/received BTC, its unconfirmed until 6 confirmations. Hope you dont mind me asking..

Moving from another pool, that was how it worked so i'm confused.


Other pools send you coins that have already been generated, these are completely new coins.
full member
Activity: 168
Merit: 100
My BTC client says ".. generated 1.166xxx BTC.. matures in XXX blocks ". What does it mean? My balance is still 0.00
This is an issue with how your client displays it. 1.166xxx BTC was sent, but your client is neglecting to display it until it's confirmed XXX more blocks.

Isnt the usually confirmation of a transaction 7? When i sent/received BTC, its unconfirmed until 6 confirmations. Hope you dont mind me asking..

Moving from another pool, that was how it worked so i'm confused.
legendary
Activity: 2576
Merit: 1186
First time using this type of pool, so excuse my question

My BTC client says ".. generated 1.166xxx BTC.. matures in XXX blocks ". What does it mean? My balance is still 0.00

When i clicked on the transaction log of the address, there is one transaction to my address with the above amount.

It means what it says... it matures in XXX blocks (starts at 120).  Once that countdown is done your balance will go up. The whole network produces 144 blocks per day on average, so it's about a 20 hour wait.



Oh i thought the 120 confirmation count down was on the status page. There are several blocks found for the past 24hrs and the countdown is " 36 left, 42 left...., 103 left"

So what are those countdown then?
The same as being shown in clients paid in those blocks, for convenience.
full member
Activity: 168
Merit: 100
First time using this type of pool, so excuse my question

My BTC client says ".. generated 1.166xxx BTC.. matures in XXX blocks ". What does it mean? My balance is still 0.00

When i clicked on the transaction log of the address, there is one transaction to my address with the above amount.

It means what it says... it matures in XXX blocks (starts at 120).  Once that countdown is done your balance will go up. The whole network produces 144 blocks per day on average, so it's about a 20 hour wait.



Oh i thought the 120 confirmation count down was on the status page. There are several blocks found for the past 24hrs and the countdown is " 36 left, 42 left...., 103 left"

So what are those countdown then?
legendary
Activity: 2576
Merit: 1186
My BTC client says ".. generated 1.166xxx BTC.. matures in XXX blocks ". What does it mean? My balance is still 0.00
This is an issue with how your client displays it. 1.166xxx BTC was sent, but your client is neglecting to display it until it's confirmed XXX more blocks.
staff
Activity: 4242
Merit: 8672
First time using this type of pool, so excuse my question

My BTC client says ".. generated 1.166xxx BTC.. matures in XXX blocks ". What does it mean? My balance is still 0.00

When i clicked on the transaction log of the address, there is one transaction to my address with the above amount.

It means what it says... it matures in XXX blocks (starts at 120).  Once that countdown is done your balance will go up. The whole network produces 144 blocks per day on average, so it's about a 20 hour wait.

full member
Activity: 139
Merit: 100
Just wait until your "XXX blocks" have been found (by the entire network). Then you can use your generated BTC.
Check block count here, there *should be* a block every 10 minutes.
full member
Activity: 168
Merit: 100
First time using this type of pool, so excuse my question

My BTC client says ".. generated 1.166xxx BTC.. matures in XXX blocks ". What does it mean? My balance is still 0.00

When i clicked on the transaction log of the address, there is one transaction to my address with the above amount.

full member
Activity: 139
Merit: 100
full member
Activity: 168
Merit: 100
I registered my namecoin address. Is there any way I can view it later, using my BTC address as an input?

+1 I registered my NMC address but on the status page using my BTC address, it still says "If you would like to get Namecoins in addition to Bitcoins, please click here to register your NMC address. "

Is there a way we can check on our NMC status?
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