Topic: [1423GH] ABCPool PPS - Proxy Pool For High & Steady Mining Rewards - page 41. (Read 151781 times)

I was going to suggest 3% as well, but what if you did it in a tiered fashion?  If you set it up right, you should be able to find an incentive structure that potentially generates more revenue for the pool than just doing a fixed rate.

Example:

1% - minimum for everyone, inability to even see your worker hash rate
2% - minimum to be able to see your average hash rate
3% - minimum to be able to see any graphs/charts
4% - payouts more than once a day?  pay for invalids too?
5% - merged mining only at this donation level?  etc.

Set it so changes don't take effect until the current block is solved, so people can't toggle back and forth to "cheat"

I think most miners would do %2 as a minimum in order to see their hash rate, otherwise they'd have to rely on other ways to keep tabs on all the miners.

Just my 2c, I'll probably keep this pool in my rotation anyway given the awesome reliability.  Thanks!!

I am a little disappointed in the size of the fees to be introduced. If your current operating costs are 2% then I think 3% would be more appropriate. I was donating but have since scaled back my contributions in anticipation of those higher fees.

I would rather see ads to pay for the server costs on the stats and homepage than compulsory fees.

Isn't that something you should announce on you news page (https://www.abcpool.co/news.php) as well?

This pool is so incredibly stable, I left miners running for 10 days when I was out of town, not a single issue. Definitely will stick with ABC even with a fee. Great job

Figured it was coming eventually. Logical. Can't really argue against a fee in the big picture, unless you're brain dead. FWIW, and I suggest everyone else do the same: Change your donation to 4% now, so you'll see what your results will be with the new fee.

Thanks for the suggestion. When the fee becomes active (in January) we will change the thread title immediately.

Please modify the thread title so as to not confuse users now there is a fee. Thanks !

NEWS: Fee to be re-introduced

How are you enjoying mining with ABCPool so far? It's thanks to you, our loyal miners that we have got this far! Without your constructive input, your kind words and of course your hashpower we would probably not have been here anymore.

As you may have seen on the account details page, running a pool is not free.

When ABCPool just started out 5 months ago, there was an introductory fee of 2% for a short time. ABCPool was not always stable in the early months, and we did not feel justified to charge you at that point. Therefore we soon lowered the fee to 0% and paid server costs, stale shares and invalid blocks completely out of our own pockets.  Now that ABCPool has proven to provide a solid mining experience we feel that the moment has come to re-introduce a fee, 4%, sometime in the first week of  2012.

Charging a fee is necessary to keep on providing you with the service quality you have come to expect from us. Any pool that does not charge a fee will eventually disappear, because it will inevitably cost the ops money. Many of you already donate 2%-4%. With the new scheme, you don't have to worry about others not paying for their part, because other users will pay the same..

The fee will enable us to pay for the server hosting, motivates us to keep on improving ABCPool, and helps to offset the risk we take by offering PPS rewards.

From your perspective, you might consider the fee to be a 'risk premium': by being payed per share you know exactly what you'll earn every day. How much is that worth to you? In addition we shield you from invalid blocks and stale shares.

In the new year we will continue to provide the best service we can, to ensure that you'll continue to enjoy mining at ABCPool!

Happy hashing,
MC & Chlorine

sent you a PM.

C.

I got that message too. Sent you a PM the other day. My workers are still connected fine so I'm not super worried, but I'd like to be able to login to check stats. Thanks!

account name: tonic

sent you a PM.

I get a notice saying "Account has been deactivated. (due to repeated login failure or abuse)" too. Though I didn't use your pool for several weeks. What happened?

I have sent you a PM.

Regards,
C

Right, this is odd..  So I tried to log into my account 'convery' today and I instantly got a notice saying "Account has been deactivated. (due to repeated login failure or abuse)".
Is my account and the BTC in it lost just because some kid tried to bruteforce my account? Because I can't even think of any way of 'abusing' PPS..

If not, could you reopen it and merge 'convery' and 'convery2' as I'm mining on the other one now..

Yeah, it's just one of those "cover your ass" kind of statements, and most pools should say the same thing. If they get hacked, you're fubared if you have a crap load of coins sitting there. They ain't going to cover your losses, just as no other pool is going to cover losses like that.

That's right. However, we made the announcement and the change on the same day.
ABCPool is running fine, and we're not going away. Please read our statement carefully.

Since the beginning we have advised miners to keep their balance and therefore their risk low, no matter at which pool you mine. Be safe and cash out regularly. Or better yet: use autopay.

We expect to continue offering you the best mining pool out there for a long time!
Thanks,
MC

I see now that balance has been changed to balance at risk. I noticed the other day you said that you could no longer guarantee balances. Does this mean you think the pool is going to go under very soon or am I reading too much into things?

Question:
Could you add, on the stats page, the Mhash/s we did on the previous day?

Showing Open Again....

That observation is spot on! We have defined certain events that trigger a registration close. That way we can create a stable situation from which we may evaluate whether additional spare capacity or performance tuning is necessary. Limiting growth at certain thresholds allows us to keep offering a quality mining experience to our current miners.

If you'd like to sign up during a period of closed registration, you may PM Chlorine or me at any time. We'll then give you a heads up when registration opens again! This time, we anticipate registration will re-open on monday.

MC