Topic: [POOL][Scrypt][Scrypt-N][X11] Profit switching pool - wafflepool.com - page 214. (Read 465668 times)

Oops - Yes you are right I was getting my units mixed up. What I was proposing was that the Lite pool of up to 1.5Gh/s could be used like the original plan - spread over 2-3 coins.

I know its not related to the pool but the shit has hit the fan at MtGox

http://uk.reuters.com/article/2014/02/28/uk-bitcoin-mtgox-heist-idUKBREA1R0YC20140228

Don't worry, my last payment was after 45 hours. If I receive it I don't care if it's 1 or 2 days.

It is on the homepage under the

Quickstart guide

Well yes, I might have interpreted it incorrectly. But where is the information about the geo-specific domains? It doenst state a new site or whatever.

The post you just quoted means they will be disabling mining on wafflepool.com (the default domain) and they want EVERYONE to begin using the geo-specific domains. I think you just interpreted it incorrectly.

Okay. So I am at this domain right now with CGminer:
Amsterdam: stratum+tcp://eu.wafflepool.com:3333

Does this mean that ^^^^^that one will be disabled soon or??? Cause in the description it says:

wafflepool.com instead of one of our geo-located hosts.

Thanks in advance.

25 not so bad. I had to wait 28 hours since last payout for mine, but with waffle no surprises and I always know how much btc I should have when I'm next for payout. It's like eligius payout system and everyone knows that's the best btc pool 

hmm... my recent payout was more than 25 hours ago.... and I'm not happy at all 

Really liking the rolling payout system.. thanks PW!

I'm seeing a lot more yay's on my servers.
currently using several small ones, totalling around 350K and after difficulty was set to 512, I would only scarcely see an accepted.
Today I'm seeing a lot more. I'm not complaining/rejoicing, just wondering.

let's say each BTC address submitted shares with a risk score associated with it as noted a few posts above. You could throttle the risk score to the users hash rate in a manner that would match (a) the availability of the smaller coins and (b) the pool configuration, ie 5 servers running 5 switching algos with a different (but possibly overlapping) basket of coins). As you say (b) is done already.

The difference I'm suggesting is that the profit/risk factor is user selectable, rather than at present all the earnings got into the pot and are shared equally. It would be a way for the whales and minnows to live together happily, subject to the constraint of the availability of small coins to mine.

What you've just described is a 3 user pool.  Assuming you meant 1.5GHs instead of 1.5MHs, thats almost exactly what we're doing now (1.5GHs switches), which still can't keep up with coins under about 2-3 difficulty.

I still believe there is a place for Wafflepool Lite - where it is a single stratum with a limit of 500Kh/s per user & a maximum pool size of 1.5Mh/s. This could use the original Wafflepool algos & switchers & payouts without crushing the smaller coins.

Nope, it's down.

I meant Unconverted

sorry

I have a conceptual question, following on from the observation that the profitability of any pool seems to be inversely proportional to its size..

First just want to say I have a huge amount of respect for PoolWaffle, I have no idea how to set up a pool, sort out the coin switching, keep track of the payments, ramp up the pool hash rate steadily and evenly to be I think the biggest switching pool on the planet now, keep on top of the support and be nice about it. Chapeau, as they say in cycling..

My question ...is there a "right size" for a coin switching pool ?

If you are small, you can hit very small profitable coins, run the risk of forks, orphans. A skilled operator has the potential to be extremely profitable. If you are very large then you can't hit the small coins instead go for a steady income on the larger ones. If you are too big then even if you try to hit the small coins as well, and you succeed, you won't actually make much difference to the overall profit per mh since the fraction you can devote to these is negligible in terms of the mh of the pool as a whole.

It seems pool size is a bit like an investment strategy. High risk of high return versus low risk of low return, and this is implicit in the pool total mh. To mitigate this perhaps PoolWaffle could make the risk selectable in terms of the mh submitted by a user, say a score of 1 to 10. This would make everybodys payment different, but would allow the risk profile of the pool to be set by the users. The whales need to be conservative because they consume enough electricity to power a small town, whereas the smaller hobby miners might like a flutter, some may not. Profitability versus mh risk score would be very interesting, and again mirror what goes on in the investment world.

There would be a limit on how much high risk mh there could be, but if we assume that people like sfire need to be conservative, it might actually work out..

(disclaimer - I'm not in the financial business !!!)

Yeah looks like the influx of users has overloaded Wil's servers again, poor dude I doubt his donations are even covering daily costs!

Hi all,

Is anyone else getting error502 bad gateway when trying to connect to the better stats page ?

My only guess here is the number of restarts I was doing to the servers during the day (was a day of nonstop changes).  I wouldn't think it would have been 6%, but nothing changed that would deal with share acceptance/rejects, and if you're seeing 6% drop in shares (without an associated +6% in rejects) it might have been something to do with that (are they a bit slow to reconnect?)