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Topic: Why do you mine on deepbit? - page 4. (Read 18338 times)

legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
February 04, 2012, 07:44:56 AM
I don't see anything wrong, i too use cgminer.
Remember that share difficulty in p2pool is now 355 so that mean that on average for every 355 normal shares, you get only 1 on p2pool. And that's fine.

When you find a good share you will see

"Recent : 0.00% >0H/s Shares: 1 (0 orphan, 0 dead) Peers :10"

and so on. Sure, it can happen a orphan share too, not too hard since pool stale rate is 9% but it's different from stale in a normal pool!
legendary
Activity: 1022
Merit: 1000
BitMinter
February 04, 2012, 07:41:08 AM
-Snip-

How long do you let P2Pool run? Shares that count on P2Pool are much more difficult than normal shares you are used to. It takes a while to get one with a low hash rate. Also, it will accept lower difficulty shares that won't count for the purpose of monitoring your hardware.

I don't know anything about AVprog but I wouldn't doubt it. Most of that crap is worse than an actual virus.

Edit: Have you read the entire P2Pool thread? I think that will help out with your understanding (maybe). The new thread isn't that long and has some useful information.
I've been through it, alot, lol.
Had the P2Pool window running for about 25-35mins, Then i aimed CG at it, Let it run for only about 10mins.... Im sucha Goat when it comes to getting Spooked by things xD.

Are you talking about some form of minishare/datapacket to keep track of things?, Or are you saying that some shares are so small that i do not see them being accounted for(nay)

The main thing that bothered me was that i wasnt Getting any work to Work on..
Low work, I expect.
One PEICE of work per 2mins... That cant be right.... That leaves me with 1min59secs of wasted hashing time...

Just let it run for some time. No "hashing time" is wasted. Here you work in your own pockets !  Wink
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
February 04, 2012, 12:48:25 AM
-Snip-

How long do you let P2Pool run? Shares that count on P2Pool are much more difficult than normal shares you are used to. It takes a while to get one with a low hash rate. Also, it will accept lower difficulty shares that won't count for the purpose of monitoring your hardware.

I don't know anything about AVprog but I wouldn't doubt it. Most of that crap is worse than an actual virus.

Edit: Have you read the entire P2Pool thread? I think that will help out with your understanding (maybe). The new thread isn't that long and has some useful information.
I've been through it, alot, lol.
Had the P2Pool window running for about 25-35mins, Then i aimed CG at it, Let it run for only about 10mins.... Im sucha Goat when it comes to getting Spooked by things xD.

Are you talking about some form of minishare/datapacket to keep track of things?, Or are you saying that some shares are so small that i do not see them being accounted for(nay)

The main thing that bothered me was that i wasnt Getting any work to Work on..
Low work, I expect.
One PEICE of work per 2mins... That cant be right.... That leaves me with 1min59secs of wasted hashing time...
full member
Activity: 215
Merit: 100
February 01, 2012, 11:54:30 AM
Using an usual pool instead of the P2Pool is like being fan of banks instead of Bitcoin.
You are hitting your foots Roll Eyes

I might not have understood what you meant. But recently I moved from Deepbit to P2pool with just a little bit of hassle. It was fun and now I am in control. It feels really good now.

It seems more people have joined P2pool. The hash rate has gone up to ~157 GH/s from ~150 GH/s from couple of days ago.
legendary
Activity: 1400
Merit: 1005
February 01, 2012, 11:25:17 AM
I'd wager that the vast, vast majority of deepbit users are NOT doing PPS.  And when stales and invalid blocks are counted for the non-PPS model, the actual deepbit fee is closer to 1 or 1.5%, a fee which I am happy to pay for a service without complications that never goes dark.

How many invalid blocks had Deepbit had in the last 1000?  1? 5?  Invalid blocks shouldn't be more than 0.2% of total for a properly running pool.  With good pool server, LP, and proper miner stales are <0.3%. 

So you are paying 3% for 0.5% in cost.  If you like Deepbit and like a centralized Bitcoin that is fine.  It is a free network you can do as you please but don't try to rationalize it.  You are paying 2.5%+ for the privilege to centralize the network and add a point of failure.  When you include the fact that Deepbit doesn't pay transaction fees or merged mining it is >3.5%.
You sir, bring up some good points.   Wink
donator
Activity: 1218
Merit: 1079
Gerald Davis
February 01, 2012, 11:11:02 AM
I'd wager that the vast, vast majority of deepbit users are NOT doing PPS.  And when stales and invalid blocks are counted for the non-PPS model, the actual deepbit fee is closer to 1 or 1.5%, a fee which I am happy to pay for a service without complications that never goes dark.

How many invalid blocks had Deepbit had in the last 1000?  1? 5?  Invalid blocks shouldn't be more than 0.2% of total for a properly running pool.  With good pool server, LP, and proper miner stales are <0.3%. 

So you are paying 3% for 0.5% in cost.  If you like Deepbit and like a centralized Bitcoin that is fine.  It is a free network you can do as you please but don't try to rationalize it.  You are paying 2.5%+ for the privilege to centralize the network and add a point of failure.  When you include the fact that Deepbit doesn't pay transaction fees or merged mining it is >3.5%.
hero member
Activity: 518
Merit: 500
January 30, 2012, 09:40:14 PM
Solution to the 10% PPS. Mine proportional, it's what I have always done.

I have switched back to Deepbit because I don't think BIP 16 and 17 are ready for the real world bitcoin network.

What is mildly depressing is that I looked at the advanced settings and apparently I have found 1 block. I only received 6BTC as payments since that's all I earned proportionally at Deepbit while I was there before. I was extremely lucky but it looks like that luck went to the users and operators of the pool. If I were to attempt to solo mine now it would be months before I found a block. Sigh.

One of the other mildly depressing things is looking at the alternatives.  Some other pools charge 7% and then progressively to zero.  Proportional is lower, but then you have other factors like the reward system and size of pool.  I popped over to Eclipse and their current block was up to 14 hours (6 million shares), and that's one of the larger 2nd tier pools.  Even smaller pools have even more (in my opinion) stupid rules or features. 

Evaluating a pool takes different factors into account.  For me (and just me), it has good stability, availability, discourages large hopping rip-offs through hash stability, moderate fee (they take 0.001 coins per block from me).  For others, those might not be good characteristics.

https://en.bitcoin.it/wiki/Comparison_of_mining_pools
sr. member
Activity: 448
Merit: 250
January 30, 2012, 09:29:21 PM
I'm going back into my timeout corner now. Smiley
Sam

If you are good, we can have popcorn later!  Grin (And eat it while reading threads filled with people arguing about which BIP is best!)

I don't want to read anything that isn't unreadibly bolded.

That's it. You're going to bed without your bacon wrapped hotdog.

I'd rather die.
hero member
Activity: 560
Merit: 500
January 30, 2012, 09:27:45 PM
Solution to the 10% PPS. Mine proportional, it's what I have always done.

I have switched back to Deepbit because I don't think BIP 16 and 17 are ready for the real world bitcoin network.

What is mildly depressing is that I looked at the advanced settings and apparently I have found 1 block. I only received 6BTC as payments since that's all I earned proportionally at Deepbit while I was there before. I was extremely lucky but it looks like that luck went to the users and operators of the pool. If I were to attempt to solo mine now it would be months before I found a block. Sigh.
sr. member
Activity: 448
Merit: 250
January 30, 2012, 09:25:05 PM
I'm going back into my timeout corner now. Smiley
Sam

If you are good, we can have popcorn later!  Grin (And eat it while reading threads filled with people arguing about which BIP is best!)

I don't want to read anything that isn't unreadibly bolded.
legendary
Activity: 3583
Merit: 1094
Think for yourself
January 30, 2012, 08:55:56 PM
For my part I have been lurking at all pools for quite a while and only lately been able to figure out what % deepbit fee was for PPS.
I don't know why "only lately" you have been able to figure you that DB charges a 10% PPS fee.  Tycho has posted several times to DB customers that the fee is 10%.  So the information in % was and is freely available to DB miners.  And the actual price has *always* been available on the main page.

I haven't mined PPS on DB in months.  But I do still mine proportional there when the luck is good.  Like today.
Sam
I do not care how obvious it was for you to find it among the various comment on this forum, (are you serious ?)

I am not personally feeling mislead, I'm just pointing out that The information provided on the main page is intentionally misleading and it is obvious a large part of DB miners don't know about it.

Ps: There is no way to tell when luck will be good...(are you serious ?)  F... why even bother ..

If people telling the truth is misleading to you then you need to go back on your meds.

And you can tell what the luck is, albeit after the fact, it is a gamble on weather it trends up or down and I understand that you can't tell what the luck (I really don't like that term) is going to be from one round to the next.  But today it was pretty good on Deepbit and Ozco.

I'm going back into my timeout corner now. Smiley
Sam
donator
Activity: 1731
Merit: 1008
January 30, 2012, 07:16:38 PM
For my part I have been lurking at all pools for quite a while and only lately been able to figure out what % deepbit fee was for PPS.
I don't know why "only lately" you have been able to figure you that DB charges a 10% PPS fee.  Tycho has posted several times to DB customers that the fee is 10%.  So the information in % was and is freely available to DB miners.  And the actual price has *always* been available on the main page.

I haven't mined PPS on DB in months.  But I do still mine proportional there when the luck is good.  Like today.
Sam
I do not care how obvious it was for you to find it among the various comment on this forum, (are you serious ?)

I am not personally feeling mislead, I'm just pointing out that The information provided on the main page is intentionally misleading and it is obvious a large part of DB miners don't know about it.

Ps: There is no way to tell when luck will be good...(are you serious ?)  F... why even bother ..
legendary
Activity: 3583
Merit: 1094
Think for yourself
January 30, 2012, 05:17:01 PM
For my part I have been lurking at all pools for quite a while and only lately been able to figure out what % deepbit fee was for PPS.

I don't know why "only lately" you have been able to figure you that DB charges a 10% PPS fee.  Tycho has posted several times to DB customers that the fee is 10%.  So the information in % was and is freely available to DB miners.  And the actual price has *always* been available on the main page.

I haven't mined PPS on DB in months.  But I do still mine proportional there when the luck is good.  Like today.
Sam
donator
Activity: 1731
Merit: 1008
January 30, 2012, 05:05:10 PM
#99
...
The forum sigs that call deepbit "enemy of Bitcoin" and whatnot are offensive. [Tycho] has done a lot to provide miners with a place to reliably mine Bitcoins for a long time now.
I agree,

For my part I have been lurking at all pools for quite a while and only lately been able to figure out what % deepbit fee was for PPS.

There is little info for comparison, there are a few other pool that display their PPS instead of % and I guess it is not obvious for most what the formula to get real value of a share is. (50 Btc / difficulty) that is : 50 / 1307728 = 0.0000382343...
hero member
Activity: 518
Merit: 500
January 30, 2012, 04:48:25 PM
#98
Lying is bad and that thing about decentralization of a decentralized currency.
...
...
Also, if a user of any service doesn't bother to find out what it costs, is that always the supplier's fault?  Maybe people should change to cheaper ISP/telco/insurance/gas providers - obviously anything above minimum would be unreasonable in some people's eyes.
Ok, now, That thing about False advertising.

False advertising - that's the use of the term "slightly" right?  I thought (generally) that advertisers were professionals at over-reaching the limits of words.  Out of interest I went to the deepbit front page and noticed they have changed the words since I first signed up.  It used to be clear the fee was 10%, now it's just the BTC/share.  I'm not sure how much a share is worth (presumably 50/difficulty) and not especially interested as mining is only a part of what I do.

I feel inspired to make a pool that charges a 20% or 50% fee, as I'm sure there will be some people that might stupidly sign up.  I could write all sorts of crap over the front page that might not be strictly false, but could be misleading.
legendary
Activity: 3583
Merit: 1094
Think for yourself
January 30, 2012, 04:43:53 PM
#97
You call a pool posting exactly what they pay per share a lie?  I call it full disclosure.
...
Quote
"Slightly" : The term is meaningless and is being abused hard in this case.

"Competitive PPS price" : The claim is totally false. (not a single pool have higher fees)

The only thing the lying part was about.

Maybe it was not big/bold enough.

If your quote was a stand alone statement your interpretation would be true.  But you have ripped it out of context.  Here is the complete quote

"We pay a competitive price:

    * Pay per share: 0.00003441081600403 BTC per every submitted share"

Since you/we/others may rightfully quibble about what constitutes a "competitive price" (subjective), having the actual price listed there does constitute full disclosure (objective).

Sam
donator
Activity: 1731
Merit: 1008
January 30, 2012, 04:39:22 PM
#96
Lying is bad and that thing about decentralization of a decentralized currency.
...
...
Also, if a user of any service doesn't bother to find out what it costs, is that always the supplier's fault?  Maybe people should change to cheaper ISP/telco/insurance/gas providers - obviously anything above minimum would be unreasonable in some people's eyes.
Ok, now, That thing about False advertising.
hero member
Activity: 518
Merit: 500
January 30, 2012, 04:35:29 PM
#95
Why annoyed?  How about envy?

Deepbit has created a site that allows it to generate income where other pools struggle and fail.  Their success is therefore a target to some.

No one is forcing you to mine there, or pay a huge fee.  Same as no one is forcing you to play roulette and lose 3% (european) or 6% (american) of your stake on average.
Lying is bad and that thing about decentralization of a decentralized currency.

Edit : WTF ? Did you just say the other half of hashing power (pools) struggle to generate incomes ?

BTW : Extremely low variance is moth as an argument because nobody actually need their 0.00001 bitcoin every next minutes.

I didn't say anything about any other pool.  I was observing that someone making money (or doing something well) attracts attention.  I find the emotion tied into the arguments entertaining.

Also, if a user of any service doesn't bother to find out what it costs, is that always the supplier's fault?  Maybe people should change to cheaper ISP/telco/insurance/gas providers - obviously anything above minimum would be unreasonable in some people's eyes.
donator
Activity: 1731
Merit: 1008
January 30, 2012, 04:33:05 PM
#94
You call a pool posting exactly what they pay per share a lie?  I call it full disclosure.
...
Quote
"Slightly" : The term is meaningless and is being abused hard in this case.

"Competitive PPS price" : The claim is totally false. (not a single pool have higher fees)

The only thing the lying part was about.

Maybe it was not big/bold enough.
legendary
Activity: 3583
Merit: 1094
Think for yourself
January 30, 2012, 04:27:23 PM
#93
Why annoyed?  How about envy?

Deepbit has created a site that allows it to generate income where other pools struggle and fail.  Their success is therefore a target to some.

No one is forcing you to mine there, or pay a huge fee.  Same as no one is forcing you to play roulette and lose 3% (european) or 6% (american) of your stake on average.
Lying is bad and that thing about decentralization of a decentralized currency.

You call a pool posting exactly what they pay per share a lie?  I call it full disclosure.

If you think people are too lazy or too stupid to compare prices that is hardly something to get upset with DB about.  Actually I think that says more about what you think about your fellow Bitcoin enthusiasts.

I don't disagree with idea that the large pools are centralizing too much power in what is supposed to be a DEcentralized currency.  But that is hardly something to get pissed at any pool about.  What do you expect a pool to do?  Tell paying customers to go away?  That's ridiculous.
Sam
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