Topic: [PPS multipool] NiceHash.com pool - higher profits than direct mining BTC! - page 18. (Read 98703 times)

OK, you don't understand what that screen means.
I get that now. You are talking about luck. Oddly enough, luck is out of any pool's control and changes all the time.
It goes up and goes down.

If a pool pays PPS then luck has no immediate effect on what you are paid ... other than a higher fee.
(or without a higher fee, the pool is at risk of running out of BTC to pay you and eventually going broke)

If a pool pays PPLNS then luck decides your daily payouts.

If a pool pays anything else, run away.
Slush also has a rather nasty catch - if you stop mining for a short while before a block is found, you can lose ALL your payout in that block.

So back onto PPLNS:
If you take the luck into consideration when deciding about mining at a pool, then you will be chasing luck ... which of course doesn't work, and is also purely ignorant of one of the most central things to understand about block finding.
You can't predict a pool's luck in advance no matter how many life prediction phone services you call ...

Most pools are only a small % of the network, so statistics states quite clearly that you'd need many months of data to be able to compare the luck.
But even then, the comparison wouldn't be definitive.
It's simplest to say that the luck should even out over time - and unless the pool is untrustworthy and steals BTC from the miners - then indeed over time the pool is expected, on average, to payout the expected BTC less the fee.

Also, you don't need to visit a web site to work out what the expected BTC payout is per day, you can work it out yourself to be sure it is correct.
Current Network Diff is the only number you need to look up and that you can get from your own bitcoin at home - which you SHOULD be running
On the comand line: bitcoin-cli getinfo
In bitcoin-qt: Menu go to Help->Debug window, click on the Console tab, type "getinfo" and it says "difficulty"

"difficulty" : 46717549644.70642090,

Call that 'D' and lets say you have 'T' total THs

Your expected PPS, 0% fee, BTC per day is: T * 24 * 60 * 60 * 25 * 10^12 / D * 2^32 ... or ... ~ 5.03*10^8 * T / D
So at the moment 1THs would have an expect average of ~0.010765... BTC a day

... and in case you were wondering where ~5.03*10^8 comes from ...
24*60*60 = the number of seconds in a day
2^32 = the number of hashes in 1 difficulty
10^12 = the number of hashes in 1TH

edit: you aren't worth it.

Then why did he not simply say that instead of spouting a bunch of easily proven false non-sense and attacking me personally? I offered help to a fellow miner and was attacked by Kano for doing so. If that is what you call being a jerk you and I are not using the same dictionary.

P.S: I will let you know when I start valuing the opinion of someone who is farming an account so that it can be sold and used to shill the next new shitcoin scam, uhmkay?

kano.is is at 105.21% (http://kano.is/index.php?k=blocks) over expected results over the last 195 blocks since the inception of the pool with a .9% fee.  This is the pool Kano runs. 

As a side note, you sound like a complete jerk, I hope you're nicer in conversations in the real world.

Cool you lost my business. So you can go fuck yourselves. You fucking dumbasses.... you just bought yourself a competitor I'll be launching within 8 months.

I very clearly stated that I was talking about the actual payout as a percentage of the predicted payout per THs. I have no idea what you are talking about, but it clearly has nothing to do with what I stated. As an example, here is a screen I just took from Slush:



This month Slush has paid 87% of predicted payout minus 2% fees. My math says that is 85%. You are free to believe 87=100 I guess, but please stop making bullshit accusations against me when you are clearly and provably wrong. I am not sure exactly what your agenda is here, apparently you have some beef with Nicehash and just ended up randomly attacking me because I posted here.

Edit to add: Here is my original post answering a question about what is a good price point to choose for renting out your rigs on Nicehash, and I was kind enough to share my thoughts on the matter based on direct experience.


My post is actually spot on. Antpool has been averaging ~95% of predicted payout over a month period, and that is the best pool that I am personally aware of right now. Again, if you are aware of a pool that is paying higher than that, then please enlighten all of us so we can go there as well.

Kano I think DFish would be in that group as well seeing they pay PPS and only charge a 4% fee which should put them at 96%

Getting rid of this is pointless.

Buyers can place multiple orders. If we cap each order at 1/3 of max, then whoever wants to take all hashpower can simply create 3 orders with same price. If we limit number of orders per customer, then customer may use multiple accounts. If we limit customers by IP, then customers may use VPNs or proxies.

I hope you understand that now. We have always leaned towards free market - no limitations. If you want to get guaranteed hashing power, we recommend you to place fixed order.

Above 95% kano.is, btcguild, BAN, p2pool, slush, bitminter
Not sure about eligius, discus fish or antpool but they would be above 90% at least.

Most pools I know of charge less than 5% fees and thus most of those pools are above 95%

And here I'll make it easy for you to actually look at some reliable statistics, rather than random ignorant hearsay.
https://bitcointalksearch.org/topic/weekly-pool-and-network-statistics-77000
I'll leave it to you to try work out how to click on the links on that page and work out how to make sense of it, if you can.

I will repeat this again. You said my numbers were rubbish.  Please explain your statement accusing me of stating rubbish or retract it and apologize.  The numbers I quoted are from my experience, if you want to refute them, then by all means do so and please provide proof and explain to me (and all of us), otherwise. I ask that you refrain from insulting me and keep these random insults to yourself.  I am quite honestly shocked that someone of your supposed stature in this community would go around making such a statement and then refuse to explain what you mean.

Well you've made a completely unable to be substantiated claim that most pools pay 85% to 90% ... so you should be able to find a lot that do that since you said most.
Name this list of "most" pools.
I'm curious about them all - I seem to have never heard of "MOST" of them.
I'm having difficulty finding even a few ...

Excuse me, but you failed to explain anything. I can assure you that I am anything but delusional, and I take offense at your crass, unwarranted, and unsubstantiated insult.  You said my numbers are rubbish, and I asked you to explain. Do you intend to do explain why you think my numbers are rubbish, or just hurl insults instead of explaining yourself?

Well your comment says "The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee)"

So either "most" means something else in your world or ... you're delusional.

Please explain. Are you saying there are pools that average over 95% of predicted payout? Please enlighten all of us about these pools. Where are they hiding?

Those numbers are rubbish.

I set it maybe 5-10% lower than the Coinwarz predicted return for 1 TH. The best pools average maybe 95% of predicted payout (most are usually more like 85-90% after you factor in the fee), so that is the price line you want to be above.

Where would you go to get a good price to input on the password line? I have an S5 that I want to try it out on. The C1's never worked with it at all unless I was mining %100 on Westhash.com.

This is a good pool but the only issue I have is that the "server requested stratum restart" is annoying because I am mining this at my apartment and the lights constantely flicker whenever it does this.

I think it happens when its switching jobs. The miner shut off momentarily and the power consumption goes down and up, and therefore inrush current. Kind of like what happens when the AC kicks on.

Sometimes it only happens once an hour because its mining BTC but it happens like every 5 minutes or so when its mining those altcoins.

But other than that I have no complaints, good reliable pool, great rates, and payments always on time.

I'm using p. Will try out tomorrow with P.

My S5-s working fine if I don't use #xnsub.

My S3-s working good... (As far as I checked them.)

I wonder if its a firmware issue as my S5's work great but my S3's are a hit and miss as they most of the time failover but sometimes the get stuck and are not hashing anywhere.

ElGabo are you using a P or p? I have always used a lower case but after reading above I wonder if that is your problem?