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Topic: why pay fees when mining?? - page 2. (Read 2630 times)

member
Activity: 101
Merit: 10
October 03, 2012, 02:27:01 PM
#3
So I am trying to figure out this for myself.  I have been with Slush's pool for a while, not mining frequently, because my GPU only does like 5Mh/s.  But, since they changed it so later shares are worth more, I make almost nothing.  Been looking at deepbit, but trying to find the best match for me.  What is meant by orphans?  Hashes you get after the block is already found?

I'm also trying to figure it out....but so far, I found out that an orphan is:
Blocks in shorter chains (or invalid chains) are called "orphan blocks", and while they are stored, they are not used for anything. When a block becomes an orphan block, all of its valid transactions are re-added to the pool of queued transactions and will be included in another block. The 50 BTC reward for the orphan block will be lost, which is why a network-enforced 100-block maturation time for generations exists.
 
https://en.bitcoin.it/wiki/Block_chain


Here you can see the % of all pools:
https://bitcointalksearch.org/topic/btc-mining-pools-list-104664

and the Top Ten: https://bitcointalksearch.org/topic/current-top-10-pools-current-pps-rates-updated-11232012-106417

Top Ten Pools
1.Deepbit   3927 GH/s
2.50BTC   3651 GH/s
3.BTC Guild   2651 GH/s
4.Slush's   1973 GH/s
5.EclipseMC   1889 GH/s
6.BitMinter   1229 GH/s
7.MT. Red   876 GH/s
8.OZCoin   840 GH/s
9.P2Pool   372 GH/s
10.LTZod   367 GH/s

Courtesy of organofcorti weekly pool watch Updated 10/01/2012

Current Difficulty 10/03/2012 3054627.52695

All Information Can be found on http://www.btcmu.info/
Neighborhood Pool Watch http://organofcorti.blogspot.com/
member
Activity: 65
Merit: 10
October 03, 2012, 02:18:47 PM
#2
So I am trying to figure out this for myself.  I have been with Slush's pool for a while, not mining frequently, because my GPU only does like 5Mh/s.  But, since they changed it so later shares are worth more, I make almost nothing.  Been looking at deepbit, but trying to find the best match for me.  What is meant by orphans?  Hashes you get after the block is already found?
member
Activity: 101
Merit: 10
October 03, 2012, 01:16:10 PM
#1
I was wondering what's the advantage of mining in pools like 50btc and others where they charge you 3%  (others sites may vary)

Why would you pay a % when you can do it for free? Do you mine more btc in those places?

I use bitminter. There is no % but they don't pay you for orphans like 50btc does

Is it a better option to pay a small % but be paid with orphans?

What is your pool and why you chose it?

Thanks
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