Topic: Why do you mine on deepbit? - page 3. (Read 8231 times)
this simple, just habbit, people don't like change.
I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.
There are 0% PPS pools like abcpool.co which means you have zero risk as well as zero fees.
If you don't mine in such a pool then you either support other models for ideological reasons, or like to earn less money for some masochistic reason.
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.
What do you call "ideological reasons"?
You get what you pay for. There is no such thing as a free ride.
Sam
I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.
There are 0% PPS pools like abcpool.co which means you have zero risk as well as zero fees.
If you don't mine in such a pool then you either support other models for ideological reasons, or like to earn less money for some masochistic reason.
Why are you all so Anti-Deepbit?
It is a threat to Bitcoin, since it is close to (and has at times even attained) the 50% required to compromise the security of the network.Just because Deepbit may have had the ability, which has not been proven, it doesn't mean it has the intent to compromise the network. If one really wanted to do what you suggest they wouldn't do it publicly, they would do it stealthily.
Anyway success doesn't equal nefarious intent.
Sam
Why are you all so Anti-Deepbit?
It is a threat to Bitcoin, since it is close to (and has at times even attained) the 50% required to compromise the security of the network.So you think Deepbit is plotting to take over the Bitcoin network? To what end?
Sam
Why are you all so Anti-Deepbit?
It is a threat to Bitcoin, since it is close to (and has at times even attained) the 50% required to compromise the security of the network. I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.
Why choose? You get the reduced risk of PPS without a huge fee at Eligius 
Why are you all so Anti-Deepbit?
Just wondering,
Sam
Just wondering,
Sam
2 reasons for me:
1. compared to all other pools I tried, that's the one earning me the most, even considering the 3% fee
2. there's no correct PPLNS alternative IMO. There's an okay PPLNS pool, but I find its N too small: by the time I used to mine there, I could only mine during the day, and the small N meant that even though it was PPLNS I still wasn't paid if a block was found during the night. Plus it went down a couple of times. So, too much variability (paradoxically, much more variability than with deepbit).
The only pool I'd consider trying now would be a stable enough (uptime) PPLNS pool with N=at least 24h worth of shares.
Additionnally:
Slush has higher fee if you factor invalid blocks, and I really hate that score-based system that was terrible when I was mining with a very unpowerful GPU.
BTC Guild has a history of suspiciously terrible luck. Okay, now that's outdated since they enforce PPS. My new reason for not going there is thus: I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.
1. compared to all other pools I tried, that's the one earning me the most, even considering the 3% fee
2. there's no correct PPLNS alternative IMO. There's an okay PPLNS pool, but I find its N too small: by the time I used to mine there, I could only mine during the day, and the small N meant that even though it was PPLNS I still wasn't paid if a block was found during the night. Plus it went down a couple of times. So, too much variability (paradoxically, much more variability than with deepbit).
The only pool I'd consider trying now would be a stable enough (uptime) PPLNS pool with N=at least 24h worth of shares.
Additionnally:
Slush has higher fee if you factor invalid blocks, and I really hate that score-based system that was terrible when I was mining with a very unpowerful GPU.
BTC Guild has a history of suspiciously terrible luck. Okay, now that's outdated since they enforce PPS. My new reason for not going there is thus: I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.
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. I can't speak for eclipsemc.com but yourbtc.net has been enjoying good luck in the last few days on both blockchains.
I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.
Why choose? You get the reduced risk of PPS without a huge fee at Eligius
2 reasons for me:
1. compared to all other pools I tried, that's the one earning me the most, even considering the 3% fee
2. there's no correct PPLNS alternative IMO. There's an okay PPLNS pool, but I find its N too small: by the time I used to mine there, I could only mine during the day, and the small N meant that even though it was PPLNS I still wasn't paid if a block was found during the night. Plus it went down a couple of times. So, too much variability (paradoxically, much more variability than with deepbit).
The only pool I'd consider trying now would be a stable enough (uptime) PPLNS pool with N=at least 24h worth of shares.
Additionnally:
Slush has higher fee if you factor invalid blocks, and I really hate that score-based system that was terrible when I was mining with a very unpowerful GPU.
BTC Guild has a history of suspiciously terrible luck. Okay, now that's outdated since they enforce PPS. My new reason for not going there is thus: I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.
1. compared to all other pools I tried, that's the one earning me the most, even considering the 3% fee
2. there's no correct PPLNS alternative IMO. There's an okay PPLNS pool, but I find its N too small: by the time I used to mine there, I could only mine during the day, and the small N meant that even though it was PPLNS I still wasn't paid if a block was found during the night. Plus it went down a couple of times. So, too much variability (paradoxically, much more variability than with deepbit).
The only pool I'd consider trying now would be a stable enough (uptime) PPLNS pool with N=at least 24h worth of shares.
Additionnally:
Slush has higher fee if you factor invalid blocks, and I really hate that score-based system that was terrible when I was mining with a very unpowerful GPU.
BTC Guild has a history of suspiciously terrible luck. Okay, now that's outdated since they enforce PPS. My new reason for not going there is thus: I just don't like PPS, pool owner takes away the "risk" of bad (and good!) luck at the cost of a huge fee: I prefer keeping the luck for a much lower fee.
people mine on deepbit the same reason anikin skywalker joined up with the emperor..
Deepbit has cool uniforms? I haven't gotten one yet.
Sam
Quote
Why do you mine on deepbit?
I don't.
See avatar.
Which one? The one with Sigourney Weaver? Or the Avatar: The Last Airbender. The latter, the animated series, is far and away the better choice.
But I don't see what that has to do mining at deepbit.
Sam
I was to post the same, the situation is totally ridiculous,
I began at Slush but got too annoyed giving away 2%, And all of you at deepbit give away 5-7% ?
WTF ...
Why not downclock your GPU by 75 mhz while at it !!!
I began at Slush but got too annoyed giving away 2%, And all of you at deepbit give away 5-7% ?
WTF ...
Why not downclock your GPU by 75 mhz while at it !!!
There could be a number of reasons to mine at a pool with a 5-7% fee:
1) Low variance
2) Reputation
3) Server reliability
4) "They change a fee, they must be good!" thinking
5) Plausibly sustainable business model implies future planning.
It's not anything like downclocking.
I was to post the same, the situation is totally ridiculous,
I began at Slush but got too annoyed giving away 2%, And all of you at deepbit give away 5-7% ?
WTF ...
Why not downclock your GPU by 75 mhz while at it !!!
I began at Slush but got too annoyed giving away 2%, And all of you at deepbit give away 5-7% ?
WTF ...
Why not downclock your GPU by 75 mhz while at it !!!
there is no way deepbit is more profitible, I have mine extensively on almost every single pool and I have lost everytime I mined at deepbit
thats a myth
Quote
The faster the pool (Deepbit, Ars) the quicker you can profit on the diff. drops....
thats a myth
Thanks for the correction
Eligius is the best backup pool atm, Ars would be if they merged btc/nmc...
The faster the pool (Deepbit, Ars) the quicker you can profit on the diff. drops....
Eligius is the best backup pool atm, Ars would be if they merged btc/nmc...
The faster the pool (Deepbit, Ars) the quicker you can profit on the diff. drops....
Eligius could be a decent pool right now, it all depends on whether or not the buffer is positive. Which is "best" though is a matter of opinion. I suggested deepbit as a sound choice for a backup because the risk and variance are low.
Personally, I prefer yourbtc.net at the moment. It has merged mining (which seems to be functioning normally), has no fee, and is practically unhoppable (certainly one cannot profit off of the difficulty changes).
people mine on deepbit the same reason anikin skywalker joined up with the emperor..
The faster the pool (Deepbit, Ars) the quicker you can profit on the diff. drops....
No you can't. Every share has equal expected value.
More hashing power reduces variance. It can't increase the value of a share.
the pool is very biased. how about cause it is fast, no prop bs (anti hopper,) automated payout.
Also, it Deepbit doesn't partner with criminals to DDoS it's competitors...
Also, it Deepbit doesn't partner with criminals to DDoS it's competitors...
"pool" should be "poll" and deepbit offers both PPS and Prop.
Honestly though, deepbit seems to be a solid pool and is a wise choice for a backup pool.
Thanks for the correction
Eligius is the best backup pool atm, Ars would be if they merged btc/nmc...
The faster the pool (Deepbit, Ars) the quicker you can profit on the diff. drops....
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