Author

Topic: [25PH] New mining pool ConnectBTC.com Launches, now offering 110% PPS! (Read 6884 times)

sr. member
Activity: 439
Merit: 297
www.amazon.com/shops/MinersSupply
Just thought I would share an email I received today regarding ConnectBTC, their mining pool, and all other services. Although not a surprise, ConnectBTC is ceasing the pools operation as of October 17th 2018 at 00:00 UTC. The email reads as follows:

Quote

It's time to say goodbye.
In January 2017, we've launched ConnectBTC with the goal of providing miners with the best user experience of any of the pools in operation. Since then, we have gained many loyal customers and we are grateful to all of you for working with us, helping us to improve and to provide better service.

At this point, we feel that the value that we can provide to customer with the continued operation of the pool is limited and we've decided to cease the pool's operation.

The pool will stop accepting shares on October 17th 2018 at 00:00 UTC. Please be sure to switch your miners to another pool before that time.
On October 17th, all outstanding balances will be paid. The pool's UI will continue to be available for an additional 2 weeks in case you need to export any reports.

We are grateful for everyone who mined with us and will soon be releasing the pool's code for the benefit of the open source community.

If you have any questions feel free to reach out to us at [email protected].

Keep on mining,

The ConnectBTC Team
newbie
Activity: 1
Merit: 0
You know a pool is bad when an Antminer won't connect to it. Lookin' hinky, guys....
jr. member
Activity: 284
Merit: 3
Just pointed my miners at this pool and 0 would connect.
sr. member
Activity: 689
Merit: 253
Anyone mining on this pool? I'm looking for help

EDIT: figured out the pool doesn't work through Mining Rig Rentals.. but putting the pool info directly into the miner works.. Would be great if they make this pool compatible with MRR.. 110% payout seems higher than any other SHA256 pool by far! Am I wrong?
sr. member
Activity: 689
Merit: 253
I'm trying to connect my miner and it does show up in the worker page but it's getting 0 hashrate, it works fine on other pools and even other pools with the same 3333 port. Any help? Seems like it just may be incompatible with my network or something like that
newbie
Activity: 2
Merit: 0
Hello.
Tell me, why from April 11 to today so much profitability has fallen?


I could not figure out the configuration of the Connect-BTS proxy server, maybe you have a step-by-step video instruction? my nickname ConnectBTC - yuragim75
full member
Activity: 187
Merit: 100
Where is it PPS 110% ?

thanks


106%  is pretty good.  but you have someone else offering 110%  for a pps pool.

So why pick your pool?

 Other then that I live next to Lakewood, NJ  and my best friends name is IRA (an attempt at humor as it is true and I think its funny)

BTW  As  we all know  the world of crypto coins is headed for changes.

The 20 billion USD of mined BTC  sitting in wallets is very attractive  target.  More so then  the 5 billion USD  waiting to be mined.

Every knows mining alts with gpus  and converting to BTC  is a viable plan  since more then likely more then 100 pc/gpu/component  companies  can subsidize an alt to make it attractive to mine.  The wealth of those companies  is over 1 trillion dollars.

Back to your pool  your Sp-Tech  roots make me want to support your pool.

-ck  and kano had a divorce  and I supported both of their pools I still do  and I sit on the fence about BU and or Segwit.

As I see it  BTC waited too long.   The idea kano had in 2011  would have solved a lot of issues about speed of confirms.

I am going to take a look at your pool today.
newbie
Activity: 15
Merit: 0
You act like there is a zero fee and 106% PPS, but what about sharing the transaction fees to miners?

the fee fluctuation is ok, so I guess there is not much risk for miners


Fees on June 30th - 357BTC
Fees on July 9th - 157BTC

full member
Activity: 266
Merit: 100
You act like there is a zero fee and 106% PPS, but what about sharing the transaction fees to miners?

the fee fluctuation is ok, so I guess there is not much risk for miners
newbie
Activity: 15
Merit: 0
How to connect with this pool?

Hi warzoneug,

You can create a new user at connectbtc.com and point your miners to stratum.connectbtc.com:3333.
We are still offering a 10% subsidy!
newbie
Activity: 2
Merit: 0
How to connect with this pool?
newbie
Activity: 15
Merit: 0
sorry in advance for a noob question, but why do I still earn everyday even though we havent found a block yet? just curious.. and also.. the graphs on your statistics and dashboard are confusing.. i dont know the meaning of 18.00% in Hashrate in the Last 24 Hours.. is it your percentage with the whole bitcoin network?
and on my own dashboard also, my 14.4TH is shown as 4.80%.. is it because it is 4.8% of our whole pool hash rate?

Hi adz1922,

The graphs show two main numbers - hashrate and rejected share rate.
The percentages you mention refer to the rate of rejected shares. If for some reason that rate remains high, it could mean there's something wrong.
If you share your user name or send it to [email protected] we could take a look and see if there is indeed anything wrong.

Regarding the payouts - the pool is operating in Pay Per Share mode. This means you are paid for every share regardless of how lucky the pool gets.
You will continue to receive daily payouts regardless of how many blocks the pool finds.

As always, we're happy to answer any additional questions you might have.

Cheers,

Gadi

my username is same in here... if by chance the pool finds a block, there will be a reward divided to all workers right? or will it still be paid like this?

Your error rate does seem a bit higher than expected. We're looking at the data and will let you know what we find.

The PPS plan is all about fixed payment so you are not affected at all by the pool's luck
newbie
Activity: 51
Merit: 0
sorry in advance for a noob question, but why do I still earn everyday even though we havent found a block yet? just curious.. and also.. the graphs on your statistics and dashboard are confusing.. i dont know the meaning of 18.00% in Hashrate in the Last 24 Hours.. is it your percentage with the whole bitcoin network?
and on my own dashboard also, my 14.4TH is shown as 4.80%.. is it because it is 4.8% of our whole pool hash rate?

Hi adz1922,

The graphs show two main numbers - hashrate and rejected share rate.
The percentages you mention refer to the rate of rejected shares. If for some reason that rate remains high, it could mean there's something wrong.
If you share your user name or send it to [email protected] we could take a look and see if there is indeed anything wrong.

Regarding the payouts - the pool is operating in Pay Per Share mode. This means you are paid for every share regardless of how lucky the pool gets.
You will continue to receive daily payouts regardless of how many blocks the pool finds.

As always, we're happy to answer any additional questions you might have.

Cheers,

Gadi

my username is same in here... if by chance the pool finds a block, there will be a reward divided to all workers right? or will it still be paid like this?
newbie
Activity: 15
Merit: 0
sorry in advance for a noob question, but why do I still earn everyday even though we havent found a block yet? just curious.. and also.. the graphs on your statistics and dashboard are confusing.. i dont know the meaning of 18.00% in Hashrate in the Last 24 Hours.. is it your percentage with the whole bitcoin network?
and on my own dashboard also, my 14.4TH is shown as 4.80%.. is it because it is 4.8% of our whole pool hash rate?

Hi adz1922,

The graphs show two main numbers - hashrate and rejected share rate.
The percentages you mention refer to the rate of rejected shares. If for some reason that rate remains high, it could mean there's something wrong.
If you share your user name or send it to [email protected] we could take a look and see if there is indeed anything wrong.

Regarding the payouts - the pool is operating in Pay Per Share mode. This means you are paid for every share regardless of how lucky the pool gets.
You will continue to receive daily payouts regardless of how many blocks the pool finds.

As always, we're happy to answer any additional questions you might have.

Cheers,

Gadi
newbie
Activity: 51
Merit: 0
sorry in advance for a noob question, but why do I still earn everyday even though we havent found a block yet? just curious.. and also.. the graphs on your statistics and dashboard are confusing.. i dont know the meaning of 18.00% in Hashrate in the Last 24 Hours.. is it your percentage with the whole bitcoin network?
and on my own dashboard also, my 14.4TH is shown as 4.80%.. is it because it is 4.8% of our whole pool hash rate?
newbie
Activity: 15
Merit: 0
Are there any pool fees or do we just make a straight 110%? Do you payout daily?

Straight up 110%, daily payouts are done by 12:00pm UTC
member
Activity: 111
Merit: 10
Are there any pool fees or do we just make a straight 110%? Do you payout daily?
newbie
Activity: 15
Merit: 0
106%  is pretty good.  but you have someone else offering 110%  for a pps pool.

So why pick your pool?

 Other then that I live next to Lakewood, NJ  and my best friends name is IRA (an attempt at humor as it is true and I think its funny)

BTW  As  we all know  the world of crypto coins is headed for changes.

The 20 billion USD of mined BTC  sitting in wallets is very attractive  target.  More so then  the 5 billion USD  waiting to be mined.

Every knows mining alts with gpus  and converting to BTC  is a viable plan  since more then likely more then 100 pc/gpu/component  companies  can subsidize an alt to make it attractive to mine.  The wealth of those companies  is over 1 trillion dollars.

Back to your pool  your Sp-Tech  roots make me want to support your pool.

-ck  and kano had a divorce  and I supported both of their pools I still do  and I sit on the fence about BU and or Segwit.

As I see it  BTC waited too long.   The idea kano had in 2011  would have solved a lot of issues about speed of confirms.

I am going to take a look at your pool today.

philipma1957, Sorry for the slow response.

We are now offering 110% PPS for everyone who starts mining before July 1st.

Have you tried to pool out? We would love to hear your feedback
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
106%  is pretty good.  but you have someone else offering 110%  for a pps pool.

So why pick your pool?

 Other then that I live next to Lakewood, NJ  and my best friends name is IRA (an attempt at humor as it is true and I think its funny)

BTW  As  we all know  the world of crypto coins is headed for changes.

The 20 billion USD of mined BTC  sitting in wallets is very attractive  target.  More so then  the 5 billion USD  waiting to be mined.

Every knows mining alts with gpus  and converting to BTC  is a viable plan  since more then likely more then 100 pc/gpu/component  companies  can subsidize an alt to make it attractive to mine.  The wealth of those companies  is over 1 trillion dollars.

Back to your pool  your Sp-Tech  roots make me want to support your pool.

-ck  and kano had a divorce  and I supported both of their pools I still do  and I sit on the fence about BU and or Segwit.

As I see it  BTC waited too long.   The idea kano had in 2011  would have solved a lot of issues about speed of confirms.

I am going to take a look at your pool today.
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
btw ck, what's solo.ckpool.org position or how the miners can vote?
Solo is advertising segwit without giving miners a choice since I believe that is by far the best way moving forward for bitcoin and I've made it clear to the users that mining there means supporting and signalling segwit activation flags. I'm not associated with kano or his pool any more.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
same question regarding kano ckpool
My most recent of many, many posts on the subject implying the same thing - no signalling for either.
...
Meanwhile, on the subject of voting, our top miners are clearly bringing in more hash rate and more soon, we'll see when it happens Smiley
When we get to a few % of the network I'll then be discussing with them (and anyone else who points multiple PHs of hardware at the pool long term) about that voting.

Cool to know. I'm sure people will be happy to hear about planning.  I only threw less than 30 TH, so you won't be missing much.  I just hope I don't find my first block, now.  Cheesy 

I hope I'm still welcome in this forum. I feel terrible.  I simply followed a mantra of 1 hash = 1 vote.

On some of your comments in the past about being a small pool ...  my impression is that the pool and this thread have a larger weight than measured by hashrate.  I think discussions echo out.  Signaling would be more significant than you expect, imo, and it's an important decision to make.  Let's just keep finding blocks and growing bitcoin!

:cheers:
Well I guess to expand on that point, I have made it clear, I think, why the pool isn't voting at the moment.

When I make the PH comment, I don't mean that power sways my decision, I simply mean that I'm open to 'discussions' about what to vote if they can convince me otherwise on technical or philosophical grounds.
But it's based on the fact also that even with the pool at 30PHs we really don't have a say in what happens since we certainly can't directly affect the vote outcome.
'When' we get a lot bigger, then we will have a direct say in it Smiley

However, as I've already said, if the network takes the required swing to accept an option, then those left over should also take that option.
By 'required swing' of course I mean 75% for BU or 95% for SegWit

In either case I expect that if momentum gets going above 50% for either option, it shouldn't be long after that for the rest to switch over also, but until the actual switch point, it's still undecided.

If some other option pokes it's head up that most agree with, then that could solve it also.

Edit: The bottom line is that bitcoin is a peer2peer transaction system, and if the majority says 'X' is what the system should now be, then that's what bitcoin now is.
The discussions about changing the PoW to stop a majority rule is beyond stupid.
If groups want some other alt-coin then go create it, but bitcoin is a distributed peer2peer transaction system that is not controlled by some minority that thinks they are the Bitcoin God.
donator
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
btw ck, what's solo.ckpool.org position or how the miners can vote?
same question regarding kano ckpool
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
What about miners that want to actively abstain from choosing a side in this scaling war?
Those miners can choose this pool as a way to signal their discontent from the scaling war and both sides.

Then as I said in my first post...

even if that position is 'we don't want change.' If that's what you really want then at least make it clear.

That is still you taking a stance, instead of pretending you're dissociated from it.
donator
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
donator
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs
To be clear are you saying it's the pools job to signal?
Yes? It's a combination of giving those miners who want to signal the option to do so, and as a way to represent the remainder that have no opinion on the matter. Basically I'm saying a pool should either give miners a choice, or have a position.

Pools are the miners' voice and the miners are the only ones who can reliably activate substantial change. People want to either choose a pool based on what it's signalling or want the pool they're already loyal to to give them the option of signalling what they want. The fact that there are lots of miners that choose pools only due to profit doesn't change the fact that pools are the ones with the actual power to effect change. Pools should be proactive and ahead of what is happening in the bitcoin development space even if the miners are less inclined to be so.

Lack of more concrete messages from the pools is the reason garbage like User Activated Soft Fork and much worse, change of PoW are being bantered around. I understand there is potentially conflict since you're representing bitmain who have a (very unpopular) position of sorts, but you have said you're an independent entity.
What about miners that want to actively abstain from choosing a side in this scaling war?
Those miners can choose this pool as a way to signal their discontent from the scaling war and both sides.
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
To be clear are you saying it's the pools job to signal?
Yes? It's a combination of giving those miners who want to signal the option to do so, and as a way to represent the remainder that have no opinion on the matter. Basically I'm saying a pool should either give miners a choice, or have a position.

Pools are the miners' voice and the miners are the only ones who can reliably activate substantial change. People want to either choose a pool based on what it's signalling or want the pool they're already loyal to to give them the option of signalling what they want. The fact that there are lots of miners that choose pools only due to profit doesn't change the fact that pools are the ones with the actual power to effect change. Pools should be proactive and ahead of what is happening in the bitcoin development space even if the miners are less inclined to be so.

Lack of more concrete messages from the pools is the reason garbage like User Activated Soft Fork and much worse, change of PoW are being bantered around. I understand there is potentially conflict since you're representing bitmain who have a (very unpopular) position of sorts, but you have said you're an independent entity.
newbie
Activity: 15
Merit: 0
So do you mean that you have a voting possibility for miners like Slush pool has?

It means that we are focused on our customer's needs
Which means you're focused on running a profit business as much as possible
Yes, we are a for profit business. As are the vast majority of our customers.

and attempting to dissociate mining from the bitcoin network at large.

There's really no logical line connecting these two claims. How can mining be dissociated from Bitcoin?

I'm sorry but currently mining voting is the crucial thing lacking, preventing bitcoin from moving forward and I think your position is unacceptable given lack of miner support is what's preventing successful bitcoin evolution.

You say miners should "vote" and are unhappy they aren't, we get that. This is a discussion to be had with them.

You cannot pretend mining is dissociated from bitcoin development as much as they can't pretend mining is dissociated from bitcoin development. At this point in time I'd call it negligent for a pool to not at least have a position with respect to segwit, core, and unlimited, even if that position is 'we don't want change.' If that's what you really want then at least make it clear.

To be clear are you saying it's the pools job to signal?
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
So do you mean that you have a voting possibility for miners like Slush pool has?

It means that we are focused on our customer's needs
Which means you're focused on running a profit business as much as possible and attempting to dissociate mining from the bitcoin network at large. I'm sorry but currently mining voting is the crucial thing lacking, preventing bitcoin from moving forward and I think your position is unacceptable given lack of miner support is what's preventing successful bitcoin evolution. You cannot pretend mining is dissociated from bitcoin development as much as they can't pretend mining is dissociated from bitcoin development. At this point in time I'd call it negligent for a pool to not at least have a position with respect to segwit, core, and unlimited, even if that position is 'we don't want change.' If that's what you really want then at least make it clear.
newbie
Activity: 15
Merit: 0
So do you mean that you have a voting possibility for miners like Slush pool has?

It means that we are focused on our customer's needs
legendary
Activity: 2464
Merit: 1710
Electrical engineer. Mining since 2014.
So do you mean that you have a voting possibility for miners like Slush pool has?
newbie
Activity: 15
Merit: 0
Are you supporting Bitcoin Core or Bitcoin Unlimited?

We're a mining pool, we support miners.
legendary
Activity: 2464
Merit: 1710
Electrical engineer. Mining since 2014.
Are you supporting Bitcoin Core or Bitcoin Unlimited?
newbie
Activity: 15
Merit: 0
Hashrate jumps to almost 10PH/s since launch on Monday.

A big thanks to all those who joined!

connectbtc.com
donator
Activity: 1414
Merit: 1051
Spondoolies, Beam & DAGlabs

We're excited to announce the launch of ConnectBTC.com
The first pool developed by Bitmain's R&Dcenter in Israel.


ConnectBTC pool is developed and operated by Bitmaintech Israel, Bitmain’s first R&D center outside of China, working to innovate pooled mining services, and deliver advanced capabilities to bitcoin mining operations of all sizes.

Being the newest product out of Bitmaintech Israel’s lab, the ConnectBTC pool puts the latest in pooled mining services directly in the hands of miners. ConnectBTC’s pool provides highly detailed real-time information and analytics to miners, and gives mining operators a better understanding of their performance, without having to develop custom internal monitoring tools.

Signup to enjoy:
  • 106% PPS
  • Real time information
  • Automated creation of workers, no limitation of number of workers
  • Downloadable excel sheets to keep track of historical data

Visit our website at connectbtc.com

Join the conversation on
Telegram https://t.me/joinchat/AAAAAEI1Msq45F-6F0FGLg
Facebook https://www.facebook.com/connectbtcpool/
Twitter https://twitter.com/connectbtcpool
email [email protected]
Congratulations Gadi and team  Grin
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
newbie
Activity: 15
Merit: 0
Hey its Gadi..

Ex spondoolies running bitmain israel..



Yes, Barbara is also with us and we will do our best to provide the best possible customer experience
legendary
Activity: 3234
Merit: 1220
Hey its Gadi..

Ex spondoolies running bitmain israel..

newbie
Activity: 15
Merit: 0
Lulz so either it fake and you wont be able to get the BITMAIN account to post in here saying it isn't fake ...
or worse, it's Bitmain trying to add yet another pool they control while they pretend they don't control a large % of the hash rate.

Yep you can't win with either option Smiley

Hi Kano,

Thanks for responding.

The pool is very much real:
https://blog.bitmain.com/en/connectbtc-launches-bitcoin-mining-pool-to-public/

As for choices, we believe miners can chose for themselves which pool provides them the best service.
legendary
Activity: 2464
Merit: 1710
Electrical engineer. Mining since 2014.
You act like there is a zero fee and 106% PPS, but what about sharing the transaction fees to miners?
106% percent is sharing the fees without miners taking the risk of fee fluctuation.
Pools should reduce risk for miners - not roll it back to them
The fee fluctuation is mostly highly positive, so I would say there is no or close to no risk for miners.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
Lulz so either it fake and you wont be able to get the BITMAIN account to post in here saying it isn't fake ...
or worse, it's Bitmain trying to add yet another pool they control while they pretend they don't control a large % of the hash rate.

Yep you can't win with either option Smiley
newbie
Activity: 15
Merit: 0
You act like there is a zero fee and 106% PPS, but what about sharing the transaction fees to miners?
106% percent is sharing the fees without miners taking the risk of fee fluctuation.
Pools should reduce risk for miners - not roll it back to them
legendary
Activity: 2464
Merit: 1710
Electrical engineer. Mining since 2014.
You act like there is a zero fee and 106% PPS, but what about sharing the transaction fees to miners?
newbie
Activity: 15
Merit: 0
We're excited to announce the launch of ConnectBTC.com
The first pool developed by Bitmain's R&Dcenter in Israel.


ConnectBTC pool is developed and operated by Bitmaintech Israel, Bitmain’s first R&D center outside of China, working to innovate pooled mining services, and deliver advanced capabilities to bitcoin mining operations of all sizes.

Being the newest product out of Bitmaintech Israel’s lab, the ConnectBTC pool puts the latest in pooled mining services directly in the hands of miners. ConnectBTC’s pool provides highly detailed real-time information and analytics to miners, and gives mining operators a better understanding of their performance, without having to develop custom internal monitoring tools.

Signup to enjoy:
  • 106% PPS Now offering 110% PPS for users registering before July 1st!
  • Real time information
  • Automated creation of workers, no limitation of number of workers
  • Downloadable excel sheets to keep track of historical data

Visit our website at connectbtc.com

25PH and going!

Join the conversation on
Telegram https://t.me/joinchat/AAAAAEI1Msq45F-6F0FGLg
Facebook https://www.facebook.com/connectbtcpool/
Twitter https://twitter.com/connectbtcpool
email [email protected]
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