Topic: Swedish ASIC miner company kncminer.com - page 1639. (Read 3050068 times)

There's a thread dedicated to p2pool nodes:

**UPDATED** Current P2Pool Server List
https://bitcointalksearch.org/topic/updated-current-p2pool-server-list-264533

ehh, maybe first to DC, start the mining, then get pissed.
[holding ADDICTION shares] 

Here are the poll results from KNC forums, a small number of votes for a conclusion imo, still posting it here:
KnCMiner Pool (only for KnCMiner Hosting users)
16.44%
12 votes
50BTC
12.33%
9 votes
Slush’s Pool
12.33%
9 votes
BTC Guild
24.66%
18 votes
Eligius
10.96%
8 votes
BitMinter
21.92%
16 votes
OZcoin
1.37%
1 vote

Looks like BTC Guild and BitMinter are the favorites of (at least the voting) KNC customers.

Here's the thing. the percentage rate is NOT the only thing you want to look at here.. There are plenty of reputable smaller pools, some which charge as low as 1/2% to mine with them. These sound great at face value but the fact is, they simply do not find as many blocks as say btcguild. If you don't find block, then you don't get BTC, and you therefore water down the value of each hash you put into the pool.

Now, if you are using a pool which uses PPLNS, this is a problem, since the pool will only pay you based off of blocks found. so no blocks found = no money, or in the case of smaller pools less blocks found = less money.

If the pool is using PPS, this is MUCH for the pool, and possible yourself as well depending on how much reserves the pool has, what percentage rate they take from found blocks, and their luck. This is because in a PPS pool, if you mine X amount of shares, you get paid for X amount of shares regardless of whether or not a block is found or not. This is very dangerous IMO because you are trusting that the pool doesn't go bankrupt based off of the following :

Pool has a sufficient reserve of BTC to weather the block where they do not mine coin.
Pool has a high enough percentage rake from the found blocks to sustain the reserve. and
Pool doesn't have absolutely terrible luck...

It is for these reasons why you do not see many pools still doing PPS, because it is just too risky, and there are too many players in the game now to assume a optimistic result. If you are considering PPS, you might want to read up on what happened to bitclockers.com

Case in point,
https://bitcointalksearch.org/topic/scam-alert-bitclockerscom-stopped-payouts-and-their-admins-dont-answer-144073

Now with that said, BCTGuild, admittedly does own a large share of the network, but that is for a good reason. They have had the best luck at finding blocks and they are using PPLNS for calculating payments, so the pool should never go bankrupt. and this equates simply to a much higher / stable return for on each hash you contribute to the pool.

As for solo mining, if you do intend to keep your Jupiter after the difficulty goes to ridiculous and it is no longer very profitable to run them, then this may be the way to go if you don't mind burning the electricity. But at-least for now while we are in the thick of the gold rush, you are better off sticking with the pool model, and choose one that fits your level of risk.

Sure. Or you can point your miners at http://dvcstable01.dvcnode.org:10332 which is a zero fee p2pool.

Plus if someone manages to figure out some kind of script or something for finding out from somewhere in the p2pool data directories how much bitcoin it paid each miner it would be possible to pay miners extra besides by selling merged mined coins and divvying up the proceeds. So far though despite bounties offered no one has come up with any tools for doing such divvying.

-MarkM-

Yeah p2pool certainly sounds like the elegant solution.  I'll probably try that first.

Is the variance really that bad?  I suppose it might be significant right now since the hashrate is skyrocketing (pool's 15% bad luck over the next month would not be offset by 15% good luck in the following month).  But still, there are so many other factors at play, I can't believe people are that concerned about possibly losing 10-20% due to bad luck that they'd willingly give up 3-5% in fees.

I presume that since the miner itself won't be running the p2pool program, we just run it on the same machine as the bitcoin node and point the miner at that, instead of 127.0.0.1.

I'm sticking with BTCGuild for now.   I like their interface.
 If I do look for another pool I would probably point my USBees & ModMiner rig to it a few days first to test how I like it  

Stockholm? Would love to join.  

If it really gets delivered before October that is. Otherwise I'll have to convert my pick up into a delivery as flights are getting expensive to rebook.

Love those sexy chips btw! 

lol that chart is worthy of a sticky   

Not many do both either. When they do the fees are high(er).

Other ways you can lose out is with a flaky connection (PPLNS), etc. It would be a task for the speadsheet guys/gals

Eligius does merge-mine NMC.  It does not pay transactions currently, I think.

Personally, I would like to see P2Pool take over the world.  A distributed pool like that could eliminate the possibility of a monopolistic pool if it could get enough hash power.  Right now, the variance is a killer for low hash-rate miners though.

No merged-mining, no transaction payouts.

Meat, Yay!

For those asking about pools, why not use Eligius? 0% pool fees.

I work in fast food. You have the blue and red reversed.

Hell yes!

Orsoc was the trigger to get me involved. Never been worried. Just put the trolls on ignore, its much easier then

Anyone up for a day 1 pickup beer?

KnC wasn't the only target of scam accusation, I seem to remember an unwarranted plethora of abuse directed at myself relentlessly these last few months.

Apparently not only was I talking the truth, I knew the subject I was talking about, and really did have everyone's best interests at heart with respect to secured payments, and not being scammed.

I've also been correct with every single prediction i've made. Not bad to be fair, is it?

There's a few folks here that owe me an apology, and albeit even fewer that said they would have the balls to apologise when the time came. Well let's hear it please, i'm happy to forgive, but credit, where credit's due...

The last months this thread was FULL of trolls questioning that there will be chips. Sane or not it doesnt matter cause we all have seen it happen.

And even now they could state that its all a photoshop fake.

You see an idiot stays an idiot regardless what happens.

I dont think anyone sane questioned there would be chips, not after reading the press release by orsoc.

I still question their ability to turn untested trays of chips in to shipping miners in just 2 weeks time (but I have that same question about all the other asic's too, so its still looking good for KNC customers)

You won't make more by mining on a pool that mines the most coin, because you get paid proportional to your hash power vs. the rest of the pool.  At best, you may see less variance, but in the long run you won't make more money.  And paying a 3% pool fee means you will be actually earning less than you would on some other pools.