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Topic: [20 gh] NMCBit pool 3% fee prop 6.6% PPS - page 13. (Read 63693 times)

hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
October 24, 2011, 10:18:23 PM
At the current difficulty, each share is worth 0.0000340554217934266 while you are paying 0.0000317852781277 per share. This is approximately 7% less. Then there is the 3% fee 'on all balance redemptions'. Does this mean you are charging 10% fee in total? I am not really accusing you or anything, but I sure would like a clarification...

Has anyone else checked this? Am I missing something?
Yes, you are correct, I do this because anything less than 7% flat rate PPS is dangerous.  So yes it's a 10% fee on PPS once you add the 3% tax.

not that i don't appreciate all the hard work you're putting in, but what incentive do i have not to mine at eligius' pool instead of yours? they charge no fees and also have merged mining...

My pool has many features eligius does not and he has some that I do not have so at the end of the day choose a pool that meets you needs.  If no fee is what you are looking for then that's what you should go after it however nothing is free there are always hidden costs.

Anyhow if there is some feature you want or must have to join my pool please let me know and I will put in on a long list of requests.

FYI a large Asian miner wants to join my pool if I open a server for them in Asia so their request comes first. Smiley
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
October 24, 2011, 10:10:32 PM
messed something up on the web site fixing it if you are hashing that part is working just not the web.
Yep, I was just going to check the miners, and realized the website is down.
But like he said, the hashing part is still working.

It's running now but I am trying to figure something out so it may go down for short while.
legendary
Activity: 1134
Merit: 1005
October 24, 2011, 08:56:59 PM
messed something up on the web site fixing it if you are hashing that part is working just not the web.
Yep, I was just going to check the miners, and realized the website is down.
But like he said, the hashing part is still working.
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
October 24, 2011, 08:10:03 PM
messed something up on the web site fixing it if you are hashing that part is working just not the web.
hero member
Activity: 504
Merit: 500
October 24, 2011, 03:39:22 PM
not that i don't appreciate all the hard work you're putting in, but what incentive do i have not to mine at eligius' pool instead of yours? they charge no fees and also have merged mining...

  That depends on your goals and desired output, m8. 

Wait forever for payouts or get it much quicker and pay a fee?
Merged mining that is working and paying out right now or MM that is implemented but has no stats, no way to gauge what you are earning?
Ability to cash in NMC instantly right on the website verse wait to send it to namecoind(once it is even getting sent), then send it to exchange then deicde how to sell it?
To support a pool and operator who was one of the pioneers to try and save Namecoin?  I am sure there are others, not to mention Luke-jr pointed out the most recent error that was patched.
Nice transaction history log showing all payouts, conversions, etc?  Twisted has done some nice work on the stats at Elig and I like the function and uniqueness of the reporting graphs.


  If it was me in your spot I'd have to flip a coin because I think both OPs are great supporters of the community. I am not however, and have hash power at both pools but wanted to answer your question. =)

  Cheers

member
Activity: 74
Merit: 10
October 24, 2011, 12:49:39 PM
At the current difficulty, each share is worth 0.0000340554217934266 while you are paying 0.0000317852781277 per share. This is approximately 7% less. Then there is the 3% fee 'on all balance redemptions'. Does this mean you are charging 10% fee in total? I am not really accusing you or anything, but I sure would like a clarification...

Has anyone else checked this? Am I missing something?
Yes, you are correct, I do this because anything less than 7% flat rate PPS is dangerous.  So yes it's a 10% fee on PPS once you add the 3% tax.

not that i don't appreciate all the hard work you're putting in, but what incentive do i have not to mine at eligius' pool instead of yours? they charge no fees and also have merged mining...
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
October 24, 2011, 10:32:16 AM
Difficulty change for NMC in a few hours.
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
October 24, 2011, 10:30:53 AM
At the current difficulty, each share is worth 0.0000340554217934266 while you are paying 0.0000317852781277 per share. This is approximately 7% less. Then there is the 3% fee 'on all balance redemptions'. Does this mean you are charging 10% fee in total? I am not really accusing you or anything, but I sure would like a clarification...

Has anyone else checked this? Am I missing something?
Yes, you are correct, I do this because anything less than 7% flat rate PPS is dangerous.  So yes it's a 10% fee on PPS once you add the 3% tax.
sr. member
Activity: 1183
Merit: 251
October 24, 2011, 10:21:19 AM
At the current difficulty, each share is worth 0.0000340554217934266 while you are paying 0.0000317852781277 per share. This is approximately 7% less. Then there is the 3% fee 'on all balance redemptions'. Does this mean you are charging 10% fee in total? I am not really accusing you or anything, but I sure would like a clarification...

Has anyone else checked this? Am I missing something?

I already pointed this out lol its a 6.66% fee for pps and 3% tax for withdrawl, so yes 9.66% for PPS and 3% for prop.
member
Activity: 74
Merit: 10
October 24, 2011, 10:19:54 AM
At the current difficulty, each share is worth 0.0000340554217934266 while you are paying 0.0000317852781277 per share. This is approximately 7% less. Then there is the 3% fee 'on all balance redemptions'. Does this mean you are charging 10% fee in total? I am not really accusing you or anything, but I sure would like a clarification...

Has anyone else checked this? Am I missing something?
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
October 23, 2011, 06:07:07 PM
pool down? getting failed to connect again.
pool down because Mereged-mine-proxy does not have any kind of recovery code and there was a hick up in the network and it lost connection and that was that.

Sorry I did not catch it sooner I was visiting my mother and spending time with my kids and, well I should have checked it.

Anyhow we went WAY over the 200 GHs limit and it was fry chicken.

You would think people would look see we are close to 200 GH and not bother adding hashes ah well.

I'm going to start splitting people off on to there own servers again.
hero member
Activity: 504
Merit: 500
October 23, 2011, 05:51:21 PM
pool down? getting failed to connect again.

  yea, down for me too. It is likely he is completing the updates he was working on last night.
legendary
Activity: 1134
Merit: 1005
October 23, 2011, 05:42:22 PM
pool down? getting failed to connect again.
legendary
Activity: 1134
Merit: 1005
October 23, 2011, 11:13:35 AM
all working now. maybe it was b/c u were updating the site earlier.
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
October 23, 2011, 03:03:01 AM
Still working on implementing some code for fast updates to stats and pay outs because I found some bugs.
Must sleep now!  In the mean time balances will not be updated until I have the code working right.

Currently stats page is accurate but your dashboard may not be.
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
October 22, 2011, 10:53:55 PM
Ok, got 4 machines set up now. But 3 other machines won't connect.
It is set up the same way on all the machines. I've checked the username/password like 10 times. Also compared the entire connection string, there is no difference (except the username).
Whats the problem?
Should connect no problem copy and paste the settings here excluding the password lets have a look.  NOTE: I have done the same thing in the past set up miners or PSJ and looked at the settings what seemed like 100 times only to fine a type-o when I showed someone else.

Smiley
legendary
Activity: 1134
Merit: 1005
October 22, 2011, 09:45:53 PM
Ok, got 4 machines set up now. But 3 other machines won't connect.
It is set up the same way on all the machines. I've checked the username/password like 10 times. Also compared the entire connection string, there is no difference (except the username).
Whats the problem?
legendary
Activity: 1134
Merit: 1005
October 22, 2011, 09:22:58 PM
how long do i need to wait after i created the workers?
it still says failed to connect.
legendary
Activity: 1134
Merit: 1005
October 22, 2011, 09:06:01 PM
now the http://www.nmcbit.com/quickstart page don't work.
How am I supposed to know how to connect to it?
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
October 22, 2011, 08:36:59 PM
i am getting "I am unable to accept new users until sunday UTC."
It IS already Sunday UTC time.
Yes,  I'm almost finished.

I'll let you in now because I am almost there, just need to do some more testing and I will have faster payouts and faster stats.
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