Post
Topic
Board Pools
Re: [900 GH/s] Slush's Pool (mining.bitcoin.cz); Pool back in action!
by
slush
on 07/11/2011, 08:47:43 UTC
no more shares worth little or nothing after 15 min

Quote from Meni Rosenfeld's paper about pools, part "Myths":

Quote from: Meni Rosenfeld
The value of my score will decay if I quit a score-based pool, so it forces
me to stay.


Score and payouts are additive. The score you were rewarded for shares
submitted in the past will decay the same way whether you stay or quit; the score you
will receive for shares you submit in the future does not rely on the past. Your total
payout is an independent sum of the two factors.

Score-based methods are disadvantageous for intermittent miners.
The expected payout per share in a hopping-proof method is always the fair solo average
no matter when it was submitted, so your expected total reward over a period of
time is equal exactly to the total value of the shares you submitted, no matter what
your mining pattern is.

It's probably the best response which I can provide, because I told the same many times before, obviously without an effect for some users :-).

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no more variance thanks to "invalid blocks"

I slightly changed your quote, to be more correct. Every pool has invalid blocks, only few of them "protect" users by higher fee. It lower their payout variance, but the final effect is same unless pool operator is Mother Theresa and pay for invalid blocks from his own pocket.

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no more rejected shares because your pool can't play with phoenix

phoenix is crippled in serious way and author is aware of this. Actually latest phoenix work without issues for *most* users as 1/3 of all miners on my pool is phoenix. What's an issue?

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no more problems & promises

Well, I know there was many problems lately, unfortunately only few were caused by my incompetence or lack of support. I already apologize for that and cannot do more. About promises - I'm filling them.

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oh one last slam to me namecoins DIDN"T payoff with the last of my bitcoins

Hm, can you describe it more? Are they pending on your profile for some reason? I'm not aware of any problem with payouts.

If you hate me for some reason, you can leave - I don't keep you by force. But there's no need to make such drama about that. Thanks.