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Topic: Why do you mine on deepbit? - page 2. (Read 18342 times)

rjk
sr. member
Activity: 448
Merit: 250
1ngldh
March 16, 2012, 12:23:31 PM
Thanks for the info.  How much do you think hoppers affect the prop payouts on a large pool like deepbit?

Here is one individual's thoughts. https://bitcointalksearch.org/topic/m.802847
This link shows that it can be hopped, but they gain from it is probably not as much as with smaller pools. Read the numbers and make your own choice, I suppose.
legendary
Activity: 1400
Merit: 1005
March 16, 2012, 12:15:59 PM
Thanks for the info.  How much do you think hoppers affect the prop payouts on a large pool like deepbit?
I don't think very much.  I have always been very close to my expected calculated payout on deepbit.  Sometimes over, sometimes under.
donator
Activity: 305
Merit: 250
March 16, 2012, 12:12:35 PM
Thanks for the info.  How much do you think hoppers affect the prop payouts on a large pool like deepbit?
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
March 16, 2012, 12:09:48 PM
Sorry, just recently started following the pool threads since I am @ ~20GH and are exploring my options.

What is wrong with prop?  I tired a few other ones (I won't single them out here) but I am still with deepbit because I don't have to worry about invalid blocks.  AFAIK, everything else you lose with invalid blocks, which I have seen as high as 4% on some pools.
To put it very simply, reduced income is the problem. The cause is pool hoppers, which mine a certain way to maximize their profit while reducing your payout. The solution is to mine on a pool with a hopper-proof payout algorithm, or to become a hopper yourself. (In order of difficulty).

You may wish to consider p2pool for your miners, so that you aren't tied to a pool which can crash. You can keep regular pools for backup.
donator
Activity: 305
Merit: 250
March 16, 2012, 12:07:19 PM
Sorry, just recently started following the pool threads since I am @ ~20GH and are exploring my options.

What is wrong with prop?  I tired a few other ones (I won't single them out here) but I am still with deepbit because I don't have to worry about invalid blocks.  AFAIK, everybody else you lose with invalid blocks, which I have seen as high as 4% on some pools.
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
March 12, 2012, 10:44:01 PM
Im still on deepbit because i Fucking hate having Three Open Windows just to mine.... rather than One, just like D&T had stated earlier...

We need to Pack all these multiple things into one gui!, Then P2Pool could actually spread!
http://technet.microsoft.com/en-us/sysinternals/cc817881

I'm fairly sure Debian has something similar.

Wow dude... all AMDhd cards come with MultiDesktop... and hydragrid

.... With your logic i mayaswell openup another monitor and drag the windows over to it, atleast that way i'll save some cpu and ram.
Seriously i dont want to Minimize, or Hide it, I want One Running Window...
donator
Activity: 2058
Merit: 1007
Poor impulse control.
March 11, 2012, 06:44:35 PM
Some more informations about Deepbit.net here. Nothing ground breaking, but it shows they're honest. Also quantifies the difference between expected rewards for PPS and prop (ignoring pool hopping).
newbie
Activity: 12
Merit: 0
March 11, 2012, 01:46:25 PM
Im still on deepbit because i Fucking hate having Three Open Windows just to mine.... rather than One, just like D&T had stated earlier...

We need to Pack all these multiple things into one gui!, Then P2Pool could actually spread!
http://technet.microsoft.com/en-us/sysinternals/cc817881

I'm fairly sure Debian has something similar.
legendary
Activity: 1260
Merit: 1000
March 11, 2012, 12:37:18 PM
No, I am firmly behind DGM, but I also understand the allure of PPS for miners.  It may take quite awhile, but I don't think there's going to be anything but PPS, except with smaller "botique" pools in the somewhat distant future.  All other methods, beyond perhaps pure proportional, just seem too hard to understand for the general populous.  PPS is simple, and people are going to gravitate towards that.


rjk
sr. member
Activity: 448
Merit: 250
1ngldh
March 11, 2012, 12:32:03 PM
PPS is likely the final configuration of BTC pools; all other methods will most likely eventually fade away.
No longer evangelizing DGM? Grin
legendary
Activity: 1260
Merit: 1000
March 11, 2012, 12:30:51 PM
PPS is likely the final configuration of BTC pools; all other methods will most likely eventually fade away.
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
March 11, 2012, 11:54:20 AM
Quote
Yeah I misread... why do you say no one uses proportional anymore?  AFAIK, no one uses PPS anymore.

Is this a serious statement?  Huh
+1, BTC Guild is pure PPS only, and they are over 1 thash last I checked. They don't even offer a proportional option like Derpbit.
legendary
Activity: 1260
Merit: 1000
March 11, 2012, 10:07:54 AM
Quote
Yeah I misread... why do you say no one uses proportional anymore?  AFAIK, no one uses PPS anymore.

Is this a serious statement?  Huh
legendary
Activity: 1400
Merit: 1005
March 11, 2012, 03:51:52 AM
No one uses prop anymore unless they don't know what they are doing..All those people have small miners. The exception would be pool hoppers.
Why would a pool hopper go PPS?
Proportional is not pps
Yeah I misread... why do you say no one uses proportional anymore?  AFAIK, no one uses PPS anymore.  Huh
sr. member
Activity: 392
Merit: 250
March 11, 2012, 03:35:27 AM
No one uses prop anymore unless they don't know what they are doing..All those people have small miners. The exception would be pool hoppers.
Why would a pool hopper go PPS?
Proportional is not pps
legendary
Activity: 1400
Merit: 1005
March 09, 2012, 10:58:50 PM
No one uses prop anymore unless they don't know what they are doing..All those people have small miners. The exception would be pool hoppers.
Why would a pool hopper go PPS?
sr. member
Activity: 392
Merit: 250
March 09, 2012, 10:01:19 PM
No one uses prop anymore unless they don't know what they are doing..All those people have small miners. The exception would be pool hoppers.
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
March 09, 2012, 04:27:39 PM
Deepbit's website recently stated that it had reached 1M BTC mined.  They take a 3% fee, so 1M is 30,000 BTC, or about $150,000.  I wouldn't be surprised if half of that was taken up by hosting costs on anti-DDOS servers and refunding people for rejected shares and bad blocks.  So I don't think Tycho has a ton of money from this.
Ummm... about that fee...

It's 3% only on proportional. It's actually 10% (TEN PERCENT) on PPS.
Right.  And I bet PPS mining on deepbit makes up a very small percentage of the total miners.
I doubt it, but I guess we won't know unless [Tycho] decides to tell us.
legendary
Activity: 1400
Merit: 1005
March 09, 2012, 04:23:34 PM
Deepbit's website recently stated that it had reached 1M BTC mined.  They take a 3% fee, so 1M is 30,000 BTC, or about $150,000.  I wouldn't be surprised if half of that was taken up by hosting costs on anti-DDOS servers and refunding people for rejected shares and bad blocks.  So I don't think Tycho has a ton of money from this.
Ummm... about that fee...

It's 3% only on proportional. It's actually 10% (TEN PERCENT) on PPS.
Right.  And I bet PPS mining on deepbit makes up a very small percentage of the total miners.
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
March 09, 2012, 04:22:16 PM
Deepbit's website recently stated that it had reached 1M BTC mined.  They take a 3% fee, so 1M is 30,000 BTC, or about $150,000.  I wouldn't be surprised if half of that was taken up by hosting costs on anti-DDOS servers and refunding people for rejected shares and bad blocks.  So I don't think Tycho has a ton of money from this.
Ummm... about that fee...

It's 3% only on proportional. It's actually 10% (TEN PERCENT) on PPS.
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