Topic: which of these 2 pools should I choose? (Read 1106 times)

mineco.in has 0% fee and they even give you the transaction fees made off each block.  They use PPLNS so you don't get shafted by pool hoppers like you do on proportional pools, and you lose a little bit on SMPPS if you're on a bad streak since they can't pay you more than they have, so try not to use SMPPS if you are not mining 24/7.

bitclockers is hot on the streets

well iv'e mined quite a few different pools and the smaller ones still rely on luck and Iv'e had some unlucky days ,with deepbit theres enough power to find a block on avarage every 20-30 mins so you reward might smaller because of the speed but u dont have to worry about waiting 5-6 hours to find a block

Now I get it! so SMPPS and PPS is I get same amount of BTC regardless of short or long round.

So my miners get same amount regardless of short round or long round for the work done?
other words 100h of work is 100h work regardless of round length, only thing is 10shares/difficulty, incase there is not pool funds it is transfered to next round regardless if I mine next round.

In proportional pools the miners get "happy" everytime there is a short round because they spent few mhash for getting BTC while "sad" in a long round.

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Is this correct:
PPS an SMPPS example: difficulty is 1000shares, I have mined 100shares, the pool has mined 4000shares and 3 blocks.
Pool got unlucky because neutral result is 4 blocks.

100shares is 0.1block= 5BTC, the Pool only collected 75% so from this round I get: 3/4*5= 3BTC +3/4BTC now.
Next round all the miners of that round get their BTC, hopefuly for it is good round so there is leftover BTC so that I get some of the rest of the 1/4 that I missed on unlucky round(1/4*5=5/4 BTC).
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It seems to me that both are different formulas to same goal: you get what you mined.
The difference is that PROP works individial rounds, you get lucky and mine in short rounds you make more BTC on average than other miners in other pools or rounds make for each share.

While in SMPPS and PPS you hope the pool collect one block for less shares than the difficulty level.

No this is proportional.  SMPPS would pay 50BTC(10/difficulty) as long as there are enough funds available to cover the payments.  You're right to say in the long run they both work out to be the same but the future of bitcoins cannot be predicted.

is it fair to say that SMPPS is a system where I get what I mine, lets say I have mined X amount of share I will get X/totalshares*totalblockmined as long as there is enough blocks discovered.?

If the pool mines 1000shares and I mined 10shares and the pool get one block I get: 10/1000*50BTC= 0.50BTC???
^^^^ or is that proportional lol


TBH I don't really understand differences with SMPPS and Proportional, my understanding is that when time goes toward eternity all these SMPPS and props should become same as "luck" and "variation" disappear.


Also my understanding is that on short term I should be happy with short rounds either prop or SMPPS because that means my miners worked wery little for good value?
But if I mine longterm I should not really bother because with time the variance/luck most likely goes toward +0- with good propability. just like if you throw 6million dices there is a good propability that 800k-1200k of those throws is a 1.


an example not based on any kind of knowledge of mining statistic:
If 1 million miners with a gpu 5850 mine 300BTC on average for every 100000h, most likely I will mine 250-350BTC/100000h with one 5850, now obviously there is bad luck good luck, but most likely wery close to 300.

I'd would choose Arsbitcoin or Eligius.  Which ever one works better for you.  
Since your not mining 24/7 a pay per share pool would produce more consistent payouts.
You won't have to worry about missing a short round while gaming.

Why is it better than others?
Any arguments for deepbit?

Is poolhopping a problem on any pools?

My impression is that arsbitcoin is hop free?

The best ive found so far is deepbit

Is there any site to see the statistics of how lucky/unlucky a pool is over a long time.

I want to find a pool that seems to be honest as a wery long period of neutrality makes it wery likely a good pool.


Also I'm looking at the 0% fee pools, I don't see the point joining a pool that has a fee?

I get a feeling that Arsbitcoin and bitcoins.lc are good pools?


Should I care if it's pay per share or proportional?

What if I decide one week to game 30h will this affect mining in a bad way?

is pool-hopping a problem on any of the 3 pools?

I would want a pool with 0% pool hoppin and also not to be accused of pool hopping if I'm mining 152/168h a week.

seems all 3 have 0% fee, I'll have to look into which one to choose.

I prefer Arsbitcoin

You'll probably want to look at the avg time it takes a pool to complete a block. I think btcguild is ~an hour avg.
But in honesty. If you'll be mining 152/168 hours of the week, your downtime shouldn't really factor into pool selection.
Just pick one based on preferences like:
What's the pool fee?
Instant payouts?
Uptime?
API access?
Bonuses?
Anything else you'd prefer.

I also used bitcoins.lc for a while and really like their interface and updates.

Tldr: choose the pool you like the features of wife your downtime isn't that high

It's ok to not be 24/7 on that pool?

I use http://www.bitcoins.lc/ at it works like a charm

So I'm considering running my gaming pc with 2x 5850 as mining while not gaming.

I usually play games 5-16h/week, so some weeks only 5h while other weeks 16h.

I want to mine when not gaming but when gaming have mining off, as I need most of the 5850 to fullest(big demand on the cards with eyefinity gaming).

Ive looked at 2 popular and good(?) pools: Arsbitcoin and BTC Guild.

Ars is SMPPS while Guild is prop, which one if a want to have mining off for 5-16h?