Why do you mine on deepbit? - page 8.

os2sam

legendary

Activity: 3583

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Think for yourself

Quote from: Gabi on January 28, 2012, 04:37:01 PM

And?

Having something more is better than not having it.

And about pool hopping, i hate it too, how to solve the problem? Join a pool that use anti-hopping methods (pay per share, pay per score thing etc...), problem solved.

MM and NMC is no way worth the hype nor grief that it has caused. But it is here now, by popular demand on most pools. That doesn't mean it's a good idea. But again that is the choice of most folks so I guess that's fine.

I have no problem with pool hoppers. Again it is a choice people are free to make to do or not to do as it is for pools to decide if they want to tolerate them or not and a choice you are free to make by using a pool that has anti hopping measures/payout method in place.

But back to the subject of this thread, Deepbit doesn't condone Pool Hopping.
Sam

Costia

newbie

Activity: 28

Merit: 0

i dont like merged mining either, why keep useless stuff
it isnt intended to be used as a currency, and i dont need a distributed dns
if i kept anything that might have a value, my house would be full of junk

TeaL

newbie

Activity: 56

Merit: 0

Reasons I mine at Deepbit:

1. I'm lazy.

2. Contrary to the rest of my life, I picked what was the simplest solution at the time.

3. Their site had more features than any other pool when I signed up (still there because of point 1).

4. Mining teams, go BU.

I'm sure many of you would have some choice words for me, but it ultimately comes down to point 1 (that's why it's point 1). Deepbit was the simplest pool to use when I first started mining, and I can't be bothered to create a new account somewhere else / modify my shell scripts.

I will add though, if Deepbit were to gain 51% share (which it wont), I'd move out of it for the good of the currency (not that my 1.8GH/s would do much to Deepbits overall influence).

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

And?

Having something more is better than not having it.

And about pool hopping, i hate it too, how to solve the problem? Join a pool that use anti-hopping methods (pay per share, pay per score thing etc...), problem solved.

os2sam

legendary

Activity: 3583

Merit: 1094

Think for yourself

Quote from: Gabi on January 28, 2012, 04:26:08 PM

There are expenses for MM? You mine less BTC if you do MM? No. It's really EXTRA profit.

Avoiding extra profit? Fanboy detected.

And how much EXTRA profit have you really made from MM? I'm not saying it isn't there I'm just saying it's negligible. Maybe that will change in the future though. I'm not getting rid of the few NMC's I have, but I'm not exactly excited about having them either.
Sam

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

There are expenses for MM? You mine less BTC if you do MM? No. It's really EXTRA profit.

Avoiding extra profit? Fanboy detected.

os2sam

legendary

Activity: 3583

Merit: 1094

Think for yourself

Quote from: Gabi on January 28, 2012, 04:17:43 PM

Merged mining=more profit

How can someone hate extra profit? Maybe fanboys...

At 245 NMC per BTC I'm sure everyone is really raking in massive profits from MM.

Right.
Sam

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Merged mining=more profit

How can someone hate extra profit? Maybe fanboys...

Fiyasko

legendary

Activity: 1428

Merit: 1001

Okey Dokey Lokey

I'd be happy to switch pools, But heres the thing, They fucking suck.
I was drifting inbetween slush/deepbit during that mass ddos Era, And i FUCKING HATED slush's pool
Weeee 120blocks till you get your funds, Oh that block was invalid? Shitty. No rewards for anyones Massive amount of wasted hashing power
BTCguild 120blocks and Shit latency's (forme) Regardless of chosen server
Deebit? It might/Mostlikely has the 120block thing, But i dont see it, I dont notice it. So I say It Does Not Affect Me.

the #1 thing about deepbit? Tycho pays for invaild blocks. That shits expensive.
They also Dissaprove (dont take my word for it) of Poolhopping, Wich i dislike.
They also Dissaprove of Merged Mining, Wich i dislike.

And thats why i mine on deepbit

Costia

newbie

Activity: 28

Merit: 0

if somebody small tries to compete with MS, intel or something like that - they just buy him...
It takes a lot more than a good idea/product to surpass the giants

os2sam

legendary

Activity: 3583

Merit: 1094

Think for yourself

Quote from: Jack of Diamonds on January 28, 2012, 08:48:12 AM

Quote from: os2sam

If you can do a better job than Deepbit or any other fee based pool, then just do it.

Doesn't work that way, it's popularity was already established when mining became common.
Nobody or nothing can surpass it anymore (without, once again, extended downtime of the pool)

You can't make a new deepbit any more than you can make a new Microsoft or Apple.
Those market positions are already filled by the biggest player and can't be surpassed without either illegal means or misfortune.

I respectfully disagree. If someone else did come up with a good and reliable pool/service with the quality of service DB provides they could do as well. But I seriously doubt that a no fee pool could it. And the other factor, the way everyone is talking, is that this P2Pool thing may make pools obsolete. If that is true then it is all a moot point anyway.

I'm sure the investment, maintenance and defending against attacks cost allot of time and money. I have no idea what kind of profit the fee based pools make but I'm sure it's nowhere near what many people may think. And if it is, well good for them for getting a return on their investment.

Hmm, people used to say the same thing about IBM and their Mainframes. Someone will, eventually, unseat M$. It will take someone with vision like Gates and Jobs and can effectively implement it. It won't happen by someone with the attitude that the "biggest player and can't be surpassed".
Sam

Jack of Diamonds

sr. member

Activity: 252

Merit: 251

Tycho is smart and he should never lower the fee.
People behave like flock animals and will concentrate to whatever is the biggest pool "because it must be good if it's popular".

Only an imbecile would, in his position, try to be "competitive" by taking away the astronomical fees. He is profiting from the stupidity of other people's "choices".

He doesn't need to 'compete' because the pool status is a self fulfilling prophecy.
It's big so it will keep being big, because new miners want to be in a "big pool". People actually willing to pay 10% for mining.

Only extended downtime could bring it down, and I believe some have tried it (DDoS), without success. So it's not going away for a long time if ever.

Quote from: os2sam

If you can do a better job than Deepbit or any other fee based pool, then just do it.

Doesn't work that way, it's popularity was already established when mining became common.
Nobody or nothing can surpass it anymore (without, once again, extended downtime of the pool)

You can't make a new deepbit any more than you can make a new Microsoft or Apple.
Those market positions are already filled by the biggest player and can't be surpassed without either illegal means or misfortune.

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: os2sam on January 27, 2012, 09:53:38 PM

Quote from: RandyFolds on January 27, 2012, 07:59:42 PM

Man, how is it that so many seemingly intelligent people on these forums don't understand what construes libel and slander, let alone the differences between the two?

Slander - a malicious, false, and defamatory statement or report.

DEEPBIT = ENEMY OF BITCOIN

Maybe I can't prove that this statement is slanderous. But I doubt that he can be proven to be true.

I've never said anything about libel nor being "seemingly intelligent" either.

Sam

That statement is in print, making it libel.

Point proven.

os2sam

legendary

Activity: 3583

Merit: 1094

Think for yourself

Quote from: RandyFolds on January 27, 2012, 07:59:42 PM

Man, how is it that so many seemingly intelligent people on these forums don't understand what construes libel and slander, let alone the differences between the two?

Slander - a malicious, false, and defamatory statement or report.

DEEPBIT = ENEMY OF BITCOIN

Maybe I can't prove that this statement is slanderous. But I doubt that he can be proven to be true.

I've never said anything about libel nor being "seemingly intelligent" either.

Sam

Inaba

legendary

Activity: 1260

Merit: 1000

Quote

Deepbit is a pedophile rapist to a succulent teenage bitcoin. That is not libel, nor slander. Call the internet police.

She said she was 18.

RandyFolds

sr. member

Activity: 448

Merit: 250

Man, how is it that so many seemingly intelligent people on these forums don't understand what construes libel and slander, let alone the differences between the two?

Deepbit is a pedophile rapist to a succulent teenage bitcoin. That is not libel, nor slander. Call the internet police.

brunoshady

sr. member

Activity: 262

Merit: 250

Dubs Get

If you don't like pools just do solo mining, it will take forever and you won't get any coins in worst case Tongue

or maybe you are lucky and find 300 btc in just 1 day

os2sam

legendary

Activity: 3583

Merit: 1094

Think for yourself

Quote from: grue on January 27, 2012, 01:46:33 PM

Wow, that is so informative. Let me summarize what you just said:

Quote

I'M NOT GOING TO REBUT OR RESPOND TO ANY OF YOUR POINTS, SO I'M JUST GOING TO MAKE A SARCASTIC REMARK ABOUT HOW FREE MARKETS WORK

Hmm, I find you so called points, at least, as sarcastic as my remarks.

My point is that people are free to choose what pool they mine at. And your slander of one of those pools is only going to make people more likely to keep on mining there. So your points and tag line are counter productive to your cause.

When mining for a set period of time at deepbit or other fee based pools with significant hash rates I make more BTC then I do with smaller pools that don't charge fees for the same period of time. Several 0 fee pools have already gone under. So what is better for Bitcoin and the community? Successful fee base pools or failing 0 fee pools?

There is no such thing as a free lunch.
Sam

m3ta

sr. member

Activity: 435

Merit: 250

Quote from: Fiyasko on January 27, 2012, 01:46:11 PM

Deepbit: Most resistant against the Common DDoS attacks (altough i just KNOW someone's gonna jump in and say something like P2P CANT BE DDoS'D!)

P2P can't be DDoS'd.
I chose not to type everything in caps, but someone else might want to, for a bit of extra oomph.

SgtSpike

legendary

Activity: 1400

Merit: 1005

I mine on deepbit because it's the only pool where I haven't had a bad experience.

Tried BTCGuild, but I had to wait 120 confirmations before I had access to my funds, the interface was unclear as to how many coins I was making, it had no MH/s estimator, and it didn't tell me how many BTC I had generated in the last 24 hours. Also, stale rates were higher that deepbit, and they weren't reimbursed like they are at deepbit.

Tried BTCMine (which I think is now defunct), and I had tons of stales.

Went back to deepbit, and everything's been fine ever since.

IMO, I am fine with a 1% or so average actual fee for the benefit of mining at a pool that hardly ever goes down. It's a "I don't ever have to mess with it" proposition. When I was younger, and had more time, I loved to mess with things and eek out every last drop of performance I could. I did that in overclocking, Windows optimizations, etc. Now, all I want it to do is "just work", without me having to mess with it any further. I guess that's what happens when you hardly have any free time.

Topic: Why do you mine on deepbit? - page 8. (Read 18338 times)