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Topic: [20 gh] NMCBit pool 3% fee prop 6.6% PPS - page 39. (Read 63693 times)

zx9r
full member
Activity: 153
Merit: 100
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 02, 2011, 05:21:36 PM
#10
Quote from: smoothie on August 02, 2011, 04:26:13 PM
Quote from: zx9r on August 02, 2011, 11:50:33 AM
Quote from: Iyeman on August 02, 2011, 07:59:31 AM
Quote from: zx9r on August 02, 2011, 07:52:06 AM
Why should anyone mining namecoins with the current difficult/price ratio instead of mining bitcoins ?



Same reason people mined Bitcoins a year ago when it was unprofitable.


Not the same situation at all. That days you couldnt mine another XXCoin with less difficult/price ratio to buy BTC with.

 

Keep in mind that there are much less namecoins in existence than bitcoins and that will stay that way for some time plus namecoins have another usage that bitcoins currently do not. They can register domain names in a decentralized way. You own the domain and no one can take it away from you.


You can also register .bit domains with bitcoins because you can change them for namecoins. The point here is that with the same amount of mhash/s you can get more namecoins by mining bitcoins and trading them for namecoins than mining namecoins.



Starlightbreaker
legendary
Activity: 1764
Merit: 1006
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 02, 2011, 05:11:15 PM
#9
Quote from: DavinciJ15 on August 02, 2011, 04:53:47 PM
Turns out Ron Paul was not an asshole but the only good guy and I learned that I knew nothing about money and how it worked.

"lesser evil" sounds better for me. Tongue
not really on the same boat, but hey.

i'll get some hashpower to your pool every now & then.
DavinciJ15
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 02, 2011, 04:53:47 PM
#8
Quote from: smoothie on August 02, 2011, 04:26:13 PM
Keep in mind that there are much less namecoins in existence than bitcoins and that will stay that way for some time plus namecoins have another usage that bitcoins currently do not. They can register domain names in a decentralized way. You own the domain and no one can take it away from you.

You are preaching to the choir here I have taught myself monetary history and systems before I knew about bitcoin.  I did it because I was watching some asshole politican named Ron Paul say this monetary system is evil it transfers wealth from the poor and middle class to the rich.  When do one refuted his statements in the debate I decided to learn who this asshole was.  Turns out Ron Paul was not an asshole but the only good guy and I learned that I knew nothing about money and how it worked.

From that day forward in Oct 2007, read and read and read and learned like a rothchild jr everything I could about money and it's mechanics.

Thus I know the weakness of bitcoins is that it's not needed for anything else thus as a currency it must circulate or die but since it's not like any other currency the same rules may not apply.
smoothie
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 02, 2011, 04:26:13 PM
#7
Quote from: zx9r on August 02, 2011, 11:50:33 AM
Quote from: Iyeman on August 02, 2011, 07:59:31 AM
Quote from: zx9r on August 02, 2011, 07:52:06 AM
Why should anyone mining namecoins with the current difficult/price ratio instead of mining bitcoins ?



Same reason people mined Bitcoins a year ago when it was unprofitable.


Not the same situation at all. That days you couldnt mine another XXCoin with less difficult/price ratio to buy BTC with.

 

Keep in mind that there are much less namecoins in existence than bitcoins and that will stay that way for some time plus namecoins have another usage that bitcoins currently do not. They can register domain names in a decentralized way. You own the domain and no one can take it away from you.
DavinciJ15
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 02, 2011, 12:26:03 PM
#6
Quote from: Starlightbreaker on August 02, 2011, 12:15:19 PM
10% stale?

whoa.

Yeah I'm on it.
Starlightbreaker
legendary
Activity: 1764
Merit: 1006
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 02, 2011, 12:15:19 PM
#5
10% stale?

whoa.
zx9r
full member
Activity: 153
Merit: 100
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 02, 2011, 11:50:33 AM
#4
Quote from: Iyeman on August 02, 2011, 07:59:31 AM
Quote from: zx9r on August 02, 2011, 07:52:06 AM
Why should anyone mining namecoins with the current difficult/price ratio instead of mining bitcoins ?



Same reason people mined Bitcoins a year ago when it was unprofitable.


Not the same situation at all. That days you couldnt mine another XXCoin with less difficult/price ratio to buy BTC with.

 
Iyeman
sr. member
Activity: 1183
Merit: 251
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 02, 2011, 07:59:31 AM
#3
Quote from: zx9r on August 02, 2011, 07:52:06 AM
Why should anyone mining namecoins with the current difficult/price ratio instead of mining bitcoins ?



Same reason people mined Bitcoins a year ago when it was unprofitable.
zx9r
full member
Activity: 153
Merit: 100
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 02, 2011, 07:52:06 AM
#2
Why should anyone mining namecoins with the current difficult/price ratio instead of mining bitcoins ?

DavinciJ15
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
Re: [20 gh] NMCBit pool 3% fee prop 6.6% PPS
August 01, 2011, 11:29:29 PM
#1
Open August 1st, 2011
Currently located at www.nmcbit.com.
BTC PPS  : 0.0000250038670213
NMC PPS : 0.0000601374278873



NMC to BTC transfer button so no need to get the namecoin client software and create an address.

Video on how to use NMCBIT.COM
http://www.youtube.com/watch?v=uNsfSGckOAU

Features:

  • All the features you'll expect a pool to have. Works in proportional (Pay-Per-Share available by Sept 5th, 2011) You get a part of every solved block proportional to your part in pool hashing rate.
  • Payouts for unconfirmed blocks no waiting weeks for confirmation.
  • Statistics page for viewing average Shares, Estimated earnings per block, Mhash/s and more.
  • Dashboard with Balance, Average speed, Shares and stale viewing, Instant payout to namecoin address, Worker creation and statistics of each worker.
  • Userbar with current Mhash/s, see below
  • Email Notification - If a worker drops to zero hash/s and you enabled Email Notification on that worker. An email will be send to your signup email address with the name of the worker that failed. This gives you the opportunity to get an heads up for restarting your miner.
  • Recent Transactions and transactions overview.
  • Remember sign in credential.
  • API for both user and total pool
  • Statistics with daily graphs of hash rate and workers.

0% is the fee, that will be given back many times to early adopters.  


This is a beta site but anyone willing to help throw a few hashes at it and help me debug it  will be rewarded later on.  The first 5 users that commit 1 Ghash until I am out of beta scheduled for Sept 5th will receive 10 BTCs each.  Everyone else will receive other rewards such as lower fees for life or affiliate payments for signing up other miners.
REMEMBER to use fallback servers this thing may go down a lot.
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