Topic: Why is Discus Fish so popular? (Read 3433 times)

Quote from: josephno1 on May 07, 2015, 07:52:17 PM

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

yes, I believe you can do it by setting your password to use "p=0.01015" without quotes. (i.e. this means when price is less than 0.01015BTC/THS/Day stop mining)

That is right , just be aware that I had S3's that sometimes would not switch over and just sit there doing no mining but my S5's switch without problems.

tbonetony

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Quote from: philipma1957 on May 07, 2015, 04:35:08 AM

Quote from: josephno1 on May 07, 2015, 07:52:17 PM

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

yes, I believe you can do it by setting your password to use "p=0.01015" without quotes. (i.e. this means when price is less than 0.01015BTC/THS/Day stop mining)

notlist3d

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Quote from: philipma1957 on May 07, 2015, 04:35:08 AM

Quote from: philipma1957 on May 07, 2015, 04:35:08 AM

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

I answered it from opposite side

Read tbonetony, he is right as miner the p= is what you set in password to pick what price you will mine for.

josephno1

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So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

philipma1957

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'The right to privacy matters'

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

tbonetony

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Activity: 441

Merit: 250

No zuo no die why you try, u zuo u die dont be shy

Quote from: josephno1 on May 04, 2015, 05:37:29 PM

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

aarons6

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Quote from: aarons6 on May 04, 2015, 06:29:24 AM

i get alot of rejects from this pool, like 10%

i dunno if its connection or what.

Is it just on discus fish or is it with other pools too?

no its just this pool, but i did try to ping it from the miner and i get 800+ ping..
so maybe its just a bad route.

notlist3d

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So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

aurel57

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Quote from: notlist3d on May 04, 2015, 06:31:12 PM

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Go for it. Phil is noted for renting hash in the past and pointing it at BAN and making a profit.

jeffy1021

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So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

aurel57

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Quote from: aurel57 on May 04, 2015, 05:53:13 PM

Quote from: aurel57 on May 04, 2015, 05:53:13 PM

Why would some chose to mine at Discus Fish compared with other pool that charge a much lower fee? I mean 4% is a very significant cut into profits. Is PPS really that much better than PPLNS?

If you went to a restaurant and was asked weather you wanted fish, ants, Nasty or slush.... which would you choose? Tongue

To guarantee a 96 percent payment at all times is what get's people. Over time the pool should equal 100 percent on luck, but the people's pay do not deal with luck. They get paid the same amount for the entire difficulty change.

Antpool with good luck is doing a good job of taking a lot of the market though.

Joking aside I agree with you. I liked mining at DFish as the payments were like clockwork... Still use it as a back up pool as I get paid for my time no matter how long or short that is.

notlist3d

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Why would some chose to mine at Discus Fish compared with other pool that charge a much lower fee? I mean 4% is a very significant cut into profits. Is PPS really that much better than PPLNS?

If you went to a restaurant and was asked weather you wanted fish, ants, Nasty or slush.... which would you choose? Tongue

To guarantee a 96 percent payment at all times is what get's people. Over time the pool should equal 100 percent on luck, but the people's pay do not deal with luck. They get paid the same amount for the entire difficulty change.

Antpool with good luck is doing a good job of taking a lot of the market though.

aurel57

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Quote from: aarons6 on May 04, 2015, 06:29:24 AM

Why would some chose to mine at Discus Fish compared with other pool that charge a much lower fee? I mean 4% is a very significant cut into profits. Is PPS really that much better than PPLNS?

If you went to a restaurant and was asked weather you wanted fish, ants, Nasty or slush.... which would you choose? Tongue

josephno1

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i get alot of rejects from this pool, like 10%

i dunno if its connection or what.

Is it just on discus fish or is it with other pools too?

aarons6

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i get alot of rejects from this pool, like 10%

i dunno if its connection or what.

jeffy1021

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I do point some of my hash there and think of it as getting consistent payouts at 96% luck with PPLNS.

anamichii

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Global economic crisis? i hold my bitcoin..

Quote from: josephno1 on May 03, 2015, 02:22:58 PM

Quote from: anamichii on May 03, 2015, 03:03:04 AM

Quote from: notlist3d on May 03, 2015, 06:10:13 PM

i think just because discush fish using fix pps payout,
-
i stop using f2pool and change to antpool because too many disconnect / dead status..

With antpool doing good on luck I do see a good amount of hash jumping there. It lost some during the DDOS attacks, but seems to have gained it back.

Just out of curiosity where is your miner located? I think f2pool is pretty well set up.

if antpool in good luck, or just 100% is equal with 0% pps.
with 2 s5, i get 0.02854658BTC in antpool 2 days ago..
-
im in indonesia, but my connection is using vpn connection from digitalocean singapore.

I am just curious but why do you have to use a vpn while mining?

sometimes i do solo mining in solo.ckpool.org when i see the stat of solo.ckpool in high pool state
by using vpn, i think i can bypass many connection before reach the ckpool server
so i think i will get higher chance to get block
-
sorry oot.

josephno1

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Antpool and f2pool are tied right now - https://blockchain.info/pools

I think my prediction of antpool taking no 1 spot is going to be right.

Yea 4% is hard to compete with 0% pool fees

notlist3d

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Antpool and f2pool are tied right now - https://blockchain.info/pools

I think my prediction of antpool taking no 1 spot is going to be right.

jbrnt

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PPS is good for farms because it guarantees a payment for every share and income is stable. It is that much easier to estimate monthly profit and decisions can be made to increase mining capability or downsize. Transfer of risk has a cost and it's 4%.

josephno1

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Quote from: anamichii on May 03, 2015, 03:03:04 AM

Quote from: anamichii on May 03, 2015, 03:03:04 AM

i think just because discush fish using fix pps payout,
-
i stop using f2pool and change to antpool because too many disconnect / dead status..

With antpool doing good on luck I do see a good amount of hash jumping there. It lost some during the DDOS attacks, but seems to have gained it back.

Just out of curiosity where is your miner located? I think f2pool is pretty well set up.

if antpool in good luck, or just 100% is equal with 0% pps.
with 2 s5, i get 0.02854658BTC in antpool 2 days ago..
-
im in indonesia, but my connection is using vpn connection from digitalocean singapore.

I am just curious but why do you have to use a vpn while mining?

jdebunt

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4% is a significant cut indeed, but they seem to have some advantages compared to others. Convenience trumps payments sometimes.

notlist3d

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i think just because discush fish using fix pps payout,
-
i stop using f2pool and change to antpool because too many disconnect / dead status..

With antpool doing good on luck I do see a good amount of hash jumping there. It lost some during the DDOS attacks, but seems to have gained it back.

Just out of curiosity where is your miner located? I think f2pool is pretty well set up.

if antpool in good luck, or just 100% is equal with 0% pps.
with 2 s5, i get 0.02854658BTC in antpool 2 days ago..
-
im in indonesia, but my connection is using vpn connection from digitalocean singapore.

That would be a mix of no fees, and good luck.

The VPN you are using is what made the connection bad to pool. I wont go off topic more and ask about it more.

anamichii

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Activity: 287

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Global economic crisis? i hold my bitcoin..

i think just because discush fish using fix pps payout,
-
i stop using f2pool and change to antpool because too many disconnect / dead status..

With antpool doing good on luck I do see a good amount of hash jumping there. It lost some during the DDOS attacks, but seems to have gained it back.

Just out of curiosity where is your miner located? I think f2pool is pretty well set up.

if antpool in good luck, or just 100% is equal with 0% pps.
with 2 s5, i get 0.02854658BTC in antpool 2 days ago..
-
im in indonesia, but my connection is using vpn connection from digitalocean singapore.

notlist3d

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Quote from: josephno1 on May 02, 2015, 10:44:13 PM

i think just because discush fish using fix pps payout,
-
i stop using f2pool and change to antpool because too many disconnect / dead status..

With antpool doing good on luck I do see a good amount of hash jumping there. It lost some during the DDOS attacks, but seems to have gained it back.

Just out of curiosity where is your miner located? I think f2pool is pretty well set up.

anamichii

sr. member

Activity: 287

Merit: 250

Global economic crisis? i hold my bitcoin..

i think just because discush fish using fix pps payout,
-
i stop using f2pool and change to antpool because too many disconnect / dead status..

philipma1957

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'The right to privacy matters'

let it be noted mac book air runs the f2pool thread here.

I mine a lot at f2pool why ? no variance and they pay once a day.

bitcoin affiliate pool was better but they started paying very slowly.

My margin of mining is very tight mining at a 2 or 3 ph pool and waiting 4 days for a block maybe even 5 days does not cut it for me.

A small pool can go with 90% for a month in a row. even worse . so a perfect 96% looks better then a bad 90%

macbook-air

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It has nothing to do with the Great Firewall. No major western pools is blocked in China. I suppose the reason why Chinese miners do not choose western pools is probably due to poor advertisement and localization.

And as far as I know, more than half of antpool's hashing power is from bitmain's private mining farm. While F2Pool does not have a single GH/s of private hashing power.

notlist3d

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Quote from: achow101_alt on May 02, 2015, 10:09:03 PM

Possibly because it is one of the biggest pools located in China, which has many miners. With the Great Firewall of China, a Bitcoin miner is limited to the pools within the country, and thus join Discus Fish since it is one of the largest pools.

For example AntPool doesn't charge a fee and is also located in China, yet they seem to be a bit less popular than Discus Fish

Look at the comparison - https://blockchain.info/pools

They are not that much less popular at this point.

josephno1

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Quote from: achow101_alt on May 02, 2015, 10:09:03 PM

Possibly because it is one of the biggest pools located in China, which has many miners. With the Great Firewall of China, a Bitcoin miner is limited to the pools within the country, and thus join Discus Fish since it is one of the largest pools.

For example AntPool doesn't charge a fee and is also located in China, yet they seem to be a bit less popular than Discus Fish

notlist3d

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