Topic: Why do you mine on deepbit? - page 7. (Read 18338 times)

^When i was a bitcoin noob, I straightup thought that biggerpool=more coins. Reason? More shares (Dont bother explaining something, I know how it works now)
So, Yeah, Noobs flock to the big pool, No doubt, Can you change that? Prolly not, Why? Noobs are noobs. They just have to Learn to Switch.

On the topic of Variance, People fear smaller pools due to the possibilities of one day they earn .5, The next day they earn, 1, The next day .2, So they get spooked and goto the Lowest Variance pool, Wich is deepbit, (correct me if im wrong) Majority of people need to SEE stable income to feel safe when leaving some "valubles" at ANON's (tycho/slush/pedo) "House", when they see an unsteady flow of funds, They think somethings wrong, Or that they could do something to Steady it, Wich makes them feel 'Insecure'.

I sure as fuck didnt want to point my hashing power aaaaaaaaaanywhere when i first started, I thought bitcoins were some Police related "IMA CRACK YOUAR HDDS WITH YOUR OWN COMPUTING POWER" type of dealio.
So i ran solo for Daaaaaaaays with NoShow, swaped to Slush, Didnt want to wait 120blocks just to touch my funds (and when i saw an INVALID i panicked and ran thinking slush had stolen a full block, Again this is NOOB behavour) So i went to deepbit. Loved it, So i went looking for something better, Found BTCguild, thought the idea of multiple servers was Swag... Untill the DDoSing started (pretend your a noob, You dont know wtf a DDoS is and you dont know WHY your hashing power is all failing when aimed at a Specific spot) So, Scared again, I ran back to tycho's pool, Wich had active chatter in the thread about the pool being down and that the admin was "fixing it". And he did.. So since then, I have had Little reason to leave.

Noob=Run to deepbit
Learner=Experiment with pools, Will prolly choose a 0% one like BTCguild or Eligius
Experianced dude= Might chose Bitclockers (1%,prizes,livesupport) or perhaps something todo with Merged Mining
Guys who know what they're doing=P2Pool,Solo,Poolhopp
People who dont like variance=Deepbit/Slush/BTCguild

EDIT: So i just went around testing pools. And deepbit has the best latency for me, That alone is reason enough for me to stay.
 

exactly
trust no one
especially not me

if you have ~20Ghash or more solo is a good option
IMHO deepbit's service isn't worth the 3%/10%
and except loosing money by paying the pool's fees you also give up on the core ideas of bitcoin
currently ~3 people control the network. i dont think this is how a "decentralized crypto currency" should work
and after hearing from miners like you i cant blame tycho for this either. for some reason miners are attracted to whatever is the biggest thing right now.

Nope. But it begs the question why the miners are mining there. It does no good for their revenue, and it does bitcoin no good to have a few mega pools dominate the scene. The only one benefiting is Tycho.

The point is they are taking money, they have to, even if it is truly just a hobby and they're running the pool on some old idle PC they  have laying around, which I doubt, it still cost's.

Just because DB or any other fee pool tries to calculate the cost of doing business and a profit margin and charges a hard fee for it doesn't make them "evil" or bad or wrong.  I wouldn't dream of asking Tycho to reduce his fee, which is 3% by the way, 10% is their PPS fee and I doubt very much that there are very many Mh/s being used on DB PPS side.

The something I do is mine.  I can solo mine or I can use a pool.  The pools are a service and they cost money to run.  Try posting to ask for help with solo mining and see how many people tell you how stupid your are.  Now we use a pool and we are being told again how stupid we are.

Just can't make some people happy.
And I am continuing to use DB and other pools.
Sam

they are not making you pay anything
i think that on BTCserv the default is 0% donation. anyway you can change it. try asking tycho not to pay him 10%
good luck with that
they are not operating at a loss. if you want to know how - ask them, not me.
this is also a hobby, some people run those servers on their private PC's - so it doesnt really cost them a thing.
you are welcome to stay at deepbit since it seems you only trust people who demand you to pay them for something that you do.

I also dont understand why DDoS resistance is an issue. Use a miner with failover capabilities like cgminer. If your pool goes down for whatever reason, it just switches to a backup pool, or p2pool or even solo if all your pools are down.

1. Mining and running a pool are two different things.
2. A donation is still a fee.
3. Just because a person has a day job would justify running a pool at a loss?
4. If Davinci and BTCserv really "dont take your money in the first place", how do they stay in business.  I haven't checked these pools but I would assume they have a default donation level set that most people don't change.  But I don't know for sure.  But if so that is still a fee and they are taking your money in the first place.  And there would be nothing wrong with that.
Sam

Edit: Davinci AKA NMCBit currently pays PPS .0000373109824026.  If there he were not charging a fee he would be paying .0000382342505475.
Sam

I couldn't care less about the basis and defense of the claims, I was merely pointing out that for a bunch of intelligent people, few seem to grasp the difference between the two terms.

I like Tycho, he seems intelligent and industrious...but I would never point my power at deepbit. It is just too counter-intuitive to the reasons I am here. If I set up rigs again any time soon, p2pool will be it, with a voluntary donation to support its development.

1) not everyone mines for profit.
2) optional donations
3) no loss, dont worry about them. those people have a real job
4) BTCserv - 0% PPS, p2pool, if you have more than 1Ghash you can get 110% PPS . a post above you mentioned another one

Referring to "other pools that don't take your money".

1. Why are they running pools in the first place?
2. Since they have no income how do they continue to operate?
3. Do you think it's a good idea to trust someone who purposely operates a service at a loss?
4. And please give me a list of "pools dont take your money in the first place".  I don't know of a single one in existence.
Sam

Davinci pool has 0% fee for example, and pay per share.

Except that one of the most common defenses to libel is "reasonable belief" that the statements are true, where "reasonable belief" usually means that the idea can be entertained by a rational person.  Clearly, many here are entertaining the idea by trying to form rational arguments against the OP.  

because other pools dont take your money in the first place

Psh, Slush charged 2% fees, And does not pay for invalid blocks.
I'll agree that the tax that he places on his pool that i've choosen to send my hashing power at pays tycho, Who pays the blocks, érgo my money is helping to pay for the invalid block.

But i put that point down because i do not see Any other pool that uses the 'tax funds/your money' to pay for the invalid block.

The subject line read "Why do you mine on deepbit?"

Not  "what are the stupid non-reasons why you mine on deepbit?"
Sam

Are you really that dense?  Tycho doesn't pay for invalid blocks ... YOU DO VIA FEES.  Lolz.

How many invalid blocks has Deepbit had in the last 100 blocks?  You are aware that a properly functioning pools has very low (like <1%) invalid block rate.  Deepbit is probably closer to 0.5%.

It would be like saying my bank charges me $20 per month for my checking account BUT I get 3 free ATM withdraws.  No way am I going to that "expensive" bank which has free checking but charges $1 per ATM withdraw.

If you like Deepbit then fine but stop providing stupid non-reasons why.

doesn't condone = does NOT condone.

So you only mine on PPS Pools?  I mine on PPS pools but not because they are hopping proof.  Wasn't DB the first PPS pool?
Sam

I have several original IBM XT's, one with an 8086 even.

Sorry that was blatancy off topic.  I promise to try not to do it again.
Sam

Condone or not condone?

If the pool is pay per share/per score there is no need to "condone" anything: pool hopping is useless on that pool. Problem solved.