What is your reasoning for operating a pool? For profit? or for some other reason(s)?
Everything I do with Bitcoin is for the sole purpose of promoting the Tonal number system.Edit: and the glory of God first, of course.
Topic: Why do you mine on deepbit? - page 2. (Read 8231 times)
Edit: and the glory of God first, of course.
How do some pools plan on staying in business? I prefer to use pools that have a clear and disclosed plan for maintaining sustainability.
That's the difference between PPS and SMPPS: the latter has a clear plan for not going under in extreme bad luck.According to the horribly outdated chart that is what your pool uses, I assume?
What is your reasoning for operating a pool? For profit? or for some other reason(s)?
Just curious,
Sam
How do some pools plan on staying in business? I prefer to use pools that have a clear and disclosed plan for maintaining sustainability.
That's the difference between PPS and SMPPS: the latter has a clear plan for not going under in extreme bad luck.
But horribly wrong/outdated...
With PPS, fee or no fee, you mine at a flat rate. So if, so called, luck is good you loose if it is bad then you win or least break even.
The law of large numbers means that in the long run, you will never have consistently good "luck" anyway. The only potential gain from non-PPS is short-term good "luck". Also, you don't lose it by using PPS-- you simply don't get paid an unfairly high amount. PPS pays you what is "fair" for each share. Do you complain because blocks only pay 50 BTC, and not more when you're "lucky"?I have no problem with PPS model/pools.
A person was making a point that it is somehow wrong to use anything but a 0% PPS pool. I was just trying to explain that PPS is just a flat rate payment. A proportional type payment varies from round to round according to how many shares were contributed. There is nothing "wrong" with using either method.
Good Luck just means that your GPU got some hash's in on short blocks so your pay per share is higher. There's nothing wrong with that. No I don't complain that there is only 50 BTC pay per block. But I guess some people do because some pools pay out more than 50 BTC per block.
How do some pools plan on staying in business? I prefer to use pools that have a clear and disclosed plan for maintaining sustainability.
Sam
I started to mine on deepbit, but quickly realised that there are many pools who pay more and use advanced methods to calculate your reward. Just look at https://en.bitcoin.it/wiki/Comparison_of_mining_pools
Here's another pool comparison link.
http://pastehtml.com/view/awb1vg03r.html
Sam
If the only options were Proportional, SMPPS, and PPS+10%, I'd mine solo. I'd happily pay 5% for PPS or 4% for a good PPLNS/DGM pool.
You say that as if there were a significant difference between PPS and SMPPS. (there isn't) 
If you like the idea behind PPLNS but dislike the high share-variance inherent to using a small value of N then perhaps consider trying a pool with using the double-geometric method such as eclipsemc.com or yourbtc.net. Both of these pools have merged mining and 0% fee.
From the eclipsemc.com FAQ: "We are currently employing a modified proportional system with a score based system coming online very shortly." They don't say how that proportional system is modified. And then score-based looks just like Slush.From the yourbtc.net FAQ: they explain that the value per share decreases progressively over time. That's just like Slush, except that the decay is over a set number of shares instead of a random one. What I like with PPLNS is that shares don't decay, they either count at their full value or don't count at all if we're past N.
Admittedly, I found that yourbtc.net doesn't have as much information on the site about the reward system as I'd have liked. I cannot speak for eclipsemc.com. You can often find more information on the forums. The first page of the main yourbtc.net thread for example links to much more information. The fact that this thread contains positive posts from respected and knowledgable members of the pool mining community (Inaba and Mein Rosenfeld) is a good sign in my book.
It is true that, when a block is found, more recent shares count for more. You get a smooth descent rather than a clean drop-off. I only suggested it because the parameters of the current implementations of DGM are such that they almost correspond to PPLNS with a relatively large value of N. If the clean drop-off is important to you then DGM is not an option, there are advantages and disadvantages and it largely comes down to a matter of taste. Personally, I prefer the clean drop-off too and have used PPLNS a lot in the past but I fancied a change and, as far as reward systems go, DGM (with non-trivial parameters) is a close second for me. Anyway, it was just a thought. Happy mining!
Note: My choice of reward system and pool is driven primarily by ideology. If the only options were Proportional, SMPPS, and PPS+10%, I'd mine solo. I'd happily pay 5% for PPS or 4% for a good PPLNS/DGM pool.
With PPS, fee or no fee, you mine at a flat rate. So if, so called, luck is good you loose if it is bad then you win or least break even.
The law of large numbers means that in the long run, you will never have consistently good "luck" anyway. The only potential gain from non-PPS is short-term good "luck". Also, you don't lose it by using PPS-- you simply don't get paid an unfairly high amount. PPS pays you what is "fair" for each share. Do you complain because blocks only pay 50 BTC, and not more when you're "lucky"?On a side note Eligius really has some really messy site.
Feel free to improve it. Eligius is a community pool. 
Quote
The FAQ...a pretty important section, has no English version. Google translate = win.
I have some health problems at the moment. I'll translate this page, when I'll feel better.
P.S. GT is the generator of nonsense, and is not an option.
?main of pool?.... if yes.....switch languages on top (RU/EN) Google translate do not need.
http://pool.itzod.ru/faq.html
The FAQ...a pretty important section, has no English version. Google translate = win.
?main of pool?.... if yes.....switch languages on top (RU/EN) Google translate do not need.
https://bitcointalksearch.org/topic/28-th-poolitzodru-rsmppslongpolljson-apiwebsocketsno-invalidsstratum-44024 ... guys do not read/write on eng topic....and information can be old.
https://bitcointalksearch.org/topic/40-ths-poolitzodru-rsmpps-0-feelongpolljson-apiwebsocketsno-invalid-25127 ... rus topic.
support can be found in jabber. cool )
https://bitcointalksearch.org/topic/40-ths-poolitzodru-rsmpps-0-feelongpolljson-apiwebsocketsno-invalid-25127 ... rus topic.
support can be found in jabber. cool )
Code:
javascript:var%20t=((window.getSelection&&window.getSelection())||(document.getSelection&&document.getSelection())||(document.selection&&document.selection.createRange&&document.selection.createRange().text));var%20e=(document.charset||document.characterSet);if(t!=''){location.href='http://translate.google.com/?text='+t+'&hl=en&langpair=auto|en&tbb=1&ie='+e;}else{location.href='http://translate.google.com/translate?u='+encodeURIComponent(location.href)+'&hl=en&langpair=auto|en&tbb=1&ie='+e;};^^ translate current page to English
https://bitcointalksearch.org/topic/28-th-poolitzodru-rsmppslongpolljson-apiwebsocketsno-invalidsstratum-44024 ... guys do not read/write on eng topic....and information can be old.
https://bitcointalksearch.org/topic/40-ths-poolitzodru-rsmpps-0-feelongpolljson-apiwebsocketsno-invalid-25127 ... rus topic.
support can be found in jabber. cool )
https://bitcointalksearch.org/topic/40-ths-poolitzodru-rsmpps-0-feelongpolljson-apiwebsocketsno-invalid-25127 ... rus topic.
support can be found in jabber. cool )
why this http://pool.itzod.ru/ pool did not found on your link?(
Looks pretty localized. Is there a support thread on this forum for it ?
why this http://pool.itzod.ru/ pool did not found on your link?(
I started to mine on deepbit, but quickly realised that there are many pools who pay more and use advanced methods to calculate your reward. Just look at https://en.bitcoin.it/wiki/Comparison_of_mining_pools
If you like the idea behind PPLNS but dislike the high share-variance inherent to using a small value of N then perhaps consider trying a pool with using the double-geometric method such as eclipsemc.com or yourbtc.net. Both of these pools have merged mining and 0% fee.
From the eclipsemc.com FAQ: "We are currently employing a modified proportional system with a score based system coming online very shortly." They don't say how that proportional system is modified. And then score-based looks just like Slush.From the yourbtc.net FAQ: they explain that the value per share decreases progressively over time. That's just like Slush, except that the decay is over a set number of shares instead of a random one. What I like with PPLNS is that shares don't decay, they either count at their full value or don't count at all if we're past N.
Why choose? You get the reduced risk of PPS without a huge fee at Eligius
What os2sam re-explained about PPS and keeping luck to oneself. On a side note Eligius really has some really messy site.I think Eligius is really cool, different taste.
Why choose? You get the reduced risk of PPS without a huge fee at Eligius
What os2sam re-explained about PPS and keeping luck to oneself. On a side note Eligius really has some really messy site. Jump to: