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Messages - bytemaster

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9526
i think you forgot to factor in orphan blocks

what do you mean!? is it answer on my previous question!?

There are several factors at play here... that affect the results.

1) I am paying a flat rate for hash power, I need to make sure I can turn that hash power into revenue so I can pay.
2) Stale (invalid) shares occur when I receive a share after I have received a new block and thus make the share invalid.
3) Orphan blocks are blocks that I thought I mined, so I paid as valid share, but in the end I didn't get to keep.

So, if 1 out of every 2-3 blocks is an orphan then there is a 33 to 50% loss on my part unless I adjust the PPS to compensate.    My goal is to offer the highest return for your mining power and to provide you with the most mining power.  Obviously, if you find a better deal some place else let me know and I will try to improve things on my side.

9527
@bytemaster: It's also will be a nice idea if you will reward the address which find block for 3-5-x% of block rewards, it's will reward miners luck and make miner which find block more happy. ;-)

I could only do that by increasing fees on everyone else...     

I am thinking that 10% may not be enough because I am still loosing ground somehow...   any objections if I reduce the reward to 50% until I gather more stats about actual earnings?   If it really is giving you 6x other pools then perhaps this is why :)

Either that or exceptionally bad luck.. haven't found any blocks in a while, yet I keep having to pay out :)

Ok, so there is a high orphan rate now that the hash power has increased so much.   I did not factor that into the PPS so I am adjusting the PPS to compensate.

9528
@bytemaster: It's also will be a nice idea if you will reward the address which find block for 3-5-x% of block rewards, it's will reward miners luck and make miner which find block more happy. ;-)

I could only do that by increasing fees on everyone else...     

I am thinking that 10% may not be enough because I am still loosing ground somehow...   any objections if I reduce the reward to 50% until I gather more stats about actual earnings?   If it really is giving you 6x other pools then perhaps this is why :)

Either that or exceptionally bad luck.. haven't found any blocks in a while, yet I keep having to pay out :)

9529
Quote
attempting to connect to the-iland.net
481390ms th_a       miner.cpp:108                 main                 ] 64.90.183.137:8384
481470ms th_a       miner.cpp:114                 main                 ] unspecified
Broken pipe
    {"message":"Broken pipe"}
    asio  asio.cpp:28 read_write_handler
Unable to connect

any suggestion about!? pls help me

Does it persist or just a one time event?

9530
@bytemaster can you post stat about how much blocks we found last hour?

In a moment I will get you that info.. I am paying out over 1 PTS per minute right now and my wallet is barely keeping up with blocks.

9531
Please confirm that you all have been receiving expected payments.

Acording my calculation, for 1 hour at this pool I get same amount as for 6 hours at http://54.238.185.113/ Great job!!!

Perhaps I should raise my fees!   Either that or I am going to go broke pay over-paying for hash power.

I think you need to lookout for you and your business.  Increase the fee's if you must, as long as we all benefit like this and no-one else challengers your hard work :)

I decided to increase the fee to 10% because am accruing balances faster than I am earning blocks right now... perhaps my luck will change, but I suspect my math for calculating pps is not factoring something in.  If you really are getting 6x other pools, I gather no one will complain.

9532
ok i'm running alpha on 7 computers withone payout address.... each computer is on a different valid# and balance... i'm guessing eachof them is workign on a different hash and then once it sending it updates and pulls a new hash to solve? and hence all my computers have different valids?

Yes, every time I send work it is a unique nonce regardless of address.

9533
I've just had a few breaks in connection to the pool on all my servers in different locations.  Is the pool server ok?  Is anyone else experiencing this?

All connection drops are me resetting the pool for small fixes or to make payments.

Thank you.

Do you have a donate address?
Thanks!
Donation Address:  PpLquTbJSKuZfWzVz1XE3LKCpszwFxtJcH

9534
Please confirm that you all have been receiving expected payments.

Acording my calculation, for 1 hour at this pool I get same amount as for 6 hours at http://54.238.185.113/ Great job!!!

Perhaps I should raise my fees!   Either that or I am going to go broke pay over-paying for hash power.

9535
Question,

Is it better to use one wallet address for all my servers that are mining or give each its own address?  Or does it not matter?  Just curious if this makes any difference.

If you want per-server stats I would use one per.   

9536
I've just had a few breaks in connection to the pool on all my servers in different locations.  Is the pool server ok?  Is anyone else experiencing this?

All connection drops are me resetting the pool for small fixes or to make payments.

9537
Please confirm that you all have been receiving expected payments.

9538
In order to cover the cost of variance I have added a 5% fee to this pool.   Once the network stabilizes I will lower it.

9539
Inoticed not all my computers using the same address dont have the #of valids and invalids. i have like 7 computers running..is this a bug?

Please be more specific, all computers using the same address should see the cumulative # of valid and # of invalid.

9540
General Discussion / Re: List of all DACs
« on: November 09, 2013, 05:07:17 pm »
Bitcoin is the first DAC

How do we identify a DAC?   

A DAC must have a 'life of its own' and all life is required to produce more value than it consumes or it will start to die. 

Keyhotee - replacement for bitmessage

BitShares - is a family of exchange related DACs... please share what features you think it is missing that Mastercoin has. 

I will have to think about whether or not Ripple is a DAC... I would tend to think it is.

We should come up with a classification for different DACs.    Most of the ones we are creating generate profit for the share holders.  Bitcoin & Alts pay all profits as expenses to miners.  Ripple consumes its stock through operation, which is kind of like a reverse dividend making Ripple more scarce. 

BitMessage-like DACs operate on a barter system with no equity position...

Colored Coins are not DACs because they are just digital bearer bonds and any individual colored coin would be worthless without its centralized backer. 

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