Why do you mine on deepbit? - page 4.

teukon

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Activity: 1246

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Quote from: martychubbs on November 01, 2011, 10:02:59 AM

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...

"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.

martychubbs

hero member

Activity: 742

Merit: 503

"Why do you mine on deepbit?
Because everybody mine there
Because I thought it invests the earned money in good anti-DDoS firewall
Because my friend told me
Because it has sound name
Because Tycho is a good man
Are there more pools!!??"

the poll 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...kidding...just breaking balls...

MT. Red and Eligius also has merged mining which pays more than Deepbit, BTCG!

Eligius is the most profitable *PPS pool hands down. Deepbit, Simplecoin, Masterpool, NMCbit and Asspennies if you use proportional pools. Slush for scored mining (kind of sucking atm, not sure why.)

Merged Mining is a biggest factor!

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

You had me till Bing. Shocked

Shudder. I tried, I really tried but when a search engine doesn't find things I mean watcha gonna do?

dree12

legendary

Activity: 1246

Merit: 1077

Quote from: ElectricMucus on October 13, 2011, 09:37:03 AM

Why do you eat at McD?
Why do you watch TV?
Why do you buy an Iphone?
Why do you use Google?
Why do you drink?
Why do you smoke?
Why do you vote for a mainline party?
Why do you use Facebook?
Why do you code in Java?
Why do you still use USD/EUR?.....

... all different instances of the same phenomena if we were to understand that the world would be a so much better place.

I don't eat at McD. I don't watch TV. I don't have an iPhone. I don't use Google (I use Bing). I don't drink, I don't smoke, I don't vote either. No, I don't use Facebook and I detest java. To be technical, I also don't use USD or EUR.

Maybe I'm just different.

abracadabra

hero member

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Merit: 1001

Quote from: wtfman on October 14, 2011, 12:26:49 AM

Deepbit miners obviously are the lazy type who do not look around for better possibilities. You could also see that during DDoS. Instead of looking for alternatives the miners went idle and lots of hash power was lost causing the diff to drop pretty heavily in the most recent hours before retarget.

This ^^

It's just human nature. Many people don't like change or switch. It's hard enough for most people to setup something like guiminer in the first place, much less cgminer. Once they got it working.. you want them to go back and switch stuff around to mine somewhere else??

teukon

legendary

Activity: 1246

Merit: 1011

Quote from: ElectricMucus on October 13, 2011, 09:37:03 AM

Why do you eat at McD?
Why do you watch TV?
Why do you buy an Iphone?
Why do you use Google?
Why do you drink?
Why do you smoke?
Why do you vote for a mainline party?
Why do you use Facebook?
Why do you code in Java?
Why do you still use USD/EUR?.....

... all different instances of the same phenomena if we were to understand that the world would be a so much better place.

Hmm...

Each of these can be rationally argued as a valid choice in certain circumstances although I'm surprised by the undue popularity of many of these options. It seems popularity itself is an attractive quality for an choice or activity for most people. Perhaps people like the safety in numbers which reduces their need to think critically about such choices and focus on more important matters in their lives.

farfiman

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Activity: 1449

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Quote from: DeathAndTaxes on October 13, 2011, 10:42:08 PM

While Eligus and Ars aren't PPS I have never had a significant fraction of my total earnings in the buffer. If either of them went bankrupt tomorrow my lifetime loss rate would likely be <1% far cheaper than a guaranteed loss rate of 7% or 10% (in fees).

This Sums it up. And the Longer you are on a pool like that the lower the total percentage loss would be in case the buffer goes too negative and collapses ( only if the users have no patience) .

error

hero member

Activity: 588

Merit: 500

I mine on Deepbit when all the other pools I mine on are down.

Shevek

sr. member

Activity: 252

Merit: 250

Quote from: bitlane on October 13, 2011, 10:31:33 PM

My comparison (ON TOPIC AT THAT) was between Deepbit and BTC Guild ONLY..... 10% vs 7% for PPS payouts.

Are you sure? Don't you remember your own words?

Quote

For those who PPS mine, BTC Guild's PPS Pool is by far the best

So, even if English is not my mother language, I understand the best to be different from better than

Sorry, you've got owned.

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

Quote from: DeathAndTaxes on October 13, 2011, 11:40:48 PM

I challenge you to eat dogshit for an entire month and see if your health improves.

Perhaps you might want to create a Java app for that ? .....but then again, with it, I might be forced to eat only your dog shit and not have a choice in the end...... Roll Eyes

wtfman

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Activity: 118

Merit: 10

BTCServ Operator

Deepbit miners obviously are the lazy type who do not look around for better possibilities. You could also see that during DDoS. Instead of looking for alternatives the miners went idle and lots of hash power was lost causing the diff to drop pretty heavily in the most recent hours before retarget.

Luke-Jr

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Activity: 2576

Merit: 1186

Quote from: bitlane on October 13, 2011, 11:36:36 PM

The 1 Month Challenge......

I feel comfortable enough to mine for an entire month long WITHOUT A WITHDRAWL and feel confident in my funds still being there after 30 days. How about we both try this with about 3 GH/s using PPS....me on BTCG and YOU on your 0% Fee Pool.
Let's see who can sleep at night after the second week and who can not (while pretending BTC=$25 USD/BTC.....LOL).

Eligius won't even let miners do this, despite being one of the oldest pools around. Wink

(Mere) pools have no business carrying balances.

DeathAndTaxes

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Merit: 1079

Gerald Davis

Quote from: bitlane on October 13, 2011, 11:36:36 PM

How about THIS:

The 1 Month Challenge......

I feel comfortable enough to mine for an entire month long WITHOUT A WITHDRAWL and feel confident in my funds still being there after 30 days. How about we both try this with about 3 GH/s using PPS....me on BTCG and YOU on your 0% Fee Pool.
Let's see who can sleep at night after the second week and who can not (while pretending BTC=$10 USD/BTC.....LOL).

I challenge you to eat dogshit for an entire month and see if your health improves.

Seriously what benefit does a miner get for leaving money on the pool for a whole month? Given the volatility in exchange rates even if mining pool accounts were FDIC insured I wouldn't leave funds on there for a month.

DeathAndTaxes

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Gerald Davis

I don't think most deepbit miners are broke. I think many are simply uninformed. In a proportional pool size certainly matters and proportional is where mining pools began. But with PPS/PPLNS/SMPPS reward systems size isn't important thus paying a huge premium to be part of a big pool is a non issue.

Many miners are simply uninformed. I mean look at all the data on proportional pools and how much 24/7 miners lose to hoppers yet many people still mine on proportional pools. Hell people keep forming new proportional mining pools despite the evidence.

The broke reference was tongue in cheek. I doubt anyone is that broke that they need 0.03 BTC NOW, not 3 hours from now, not tomorrow but absolutely NOW and is making an informed choice to pay the 10% vig to get that $0.12 RIGHT NOW!

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

How about THIS:

The 1 Month Challenge......

I feel comfortable enough to mine for an entire month long WITHOUT A WITHDRAWL and feel confident in my funds still being there after 30 days. How about we both try this with about 3 GH/s using PPS....me on BTCG and YOU on your 0% Fee Pool.
Let's see who can sleep at night after the second week and who can not (while pretending BTC=$25 USD/BTC.....LOL).

molecular

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Activity: 2772

Merit: 1019

Quote from: Shevek on October 13, 2011, 08:31:27 AM

I'm really shocked about how many people still mine on deepbit: big fees, no 8-decimal pays, no particular clear interface, no repayment after leaving, risk of deepbit getting more than 50% hash power... with the result it is the most powerful pool.

maybe that's the reason?

bitlane

sr. member

Activity: 462

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I heart thebaron

Quote from: DeathAndTaxes on October 13, 2011, 10:42:08 PM

I mean if someone is so broke they absolutely need every single bitcent paid within seconds of earning it well then maybe Deepbit or BTCGuild are worth it but honestly if you are in that boat you likely shouldn't be mining anyways. Roll Eyes

Well, considering it's the BROKE PEOPLE who reign supreme (or so the Total Hash rates say for the network as a whole) while mining Deepbit & BTCG, I'd say it's a safe bet that anyone who says anything bad about them is either a jelous pool owner themselves, or far too rich and shouldn't concern themselves with the lowly miners to begin with Roll Eyes

DeathAndTaxes

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Gerald Davis

Quote from: Luke-Jr on October 13, 2011, 10:45:07 PM

Quote from: DeathAndTaxes on October 13, 2011, 10:42:08 PM

Both Ars and Eligius have positive buffers right now, and have therefore paid 100% of PPS to every miner on them. So 0% loss. Since at least Eligius's buffer is huge, the chance of being paid less than 100% of straight PPS is extremely small.

Absolutely. I was just pointing out that worst case scenario at some point in the future IF (and I agree it is very unlikely) the buffer went negative and pool closed any loss I would take (on either pool) is significantly less than 7%/10% of lifetime earnings. Hell it likely isn't even 0.5% of lifetime earnings.

I was just pointing out (maybe poorly) that the idea of paying 7%/10% (a guaranteed 7%/10% loss) to maybe avoid a tiny loss in the future (which may never happen) is illogical. Seems more like justification that rational thought.

Luke-Jr

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Quote from: DeathAndTaxes on October 13, 2011, 10:42:08 PM

While Eligus and Ars aren't PPS I have never had a significant fraction of my total earnings in the buffer. If either of them went bankrupt tomorrow my lifetime loss rate would likely be <1% far cheaper than a guaranteed loss rate of 7% or 10% (in fees).

Both Ars and Eligius have positive buffers right now, and have therefore paid 100% of PPS to every miner on them. So 0% loss. Since at least Eligius's buffer is huge, the chance of being paid less than 100% of straight PPS is extremely small.

DeathAndTaxes

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Gerald Davis

While Eligus and Ars aren't PPS I have never had a significant fraction of my total earnings in the buffer. If either of them went bankrupt tomorrow my lifetime loss rate would likely be <1% far cheaper than a guaranteed loss rate of 7% or 10% (in fees).

I mean if someone is so broke they absolutely need every single bitcent paid within seconds of earning it well then maybe Deepbit or BTCGuild are worth it but honestly if you are in that boat you likely shouldn't be mining anyways. Roll Eyes

Topic: Why do you mine on deepbit? - page 4. (Read 8216 times)