Topic: [300 PH][BTC PPS 100%][EN/CN/RU] Sigmapool.com - page 6. (Read 1816 times)

So B = 12.5

this is a quote of you from an early post


this is Meni's paper

https://bitcoil.co.il/pool_analysis.pdf

so it looks to me  that you used this. formula below which I got from appendix c of meni's paper

so you used 12.5 for block size you used 6.9078   and you used 2 x 0.01 which equals 4317.375 btc

but   what  did you use to get that 6.9078  

you could have used  1 in 1000 or 1 in 100 or 1 in 10

the example below uses 1 in 1000  is that what you used?

Nope, it's simple statistics what to expect, nothing to do with gut feelings or guesses.

Read Meni's report.
https://bitcoil.co.il/pool_analysis.pdf

If you can't understand it, there's no point giving an opinion on the subject.

All withholding does is make PPS worse.
Avoiding withholding does not make the statistics magically invalid.

@ op  you are paying 100%  of block award and keeping  all transactions fees.

so  if you change your title to this  Re: [240 PH][BTC PPS 100%][0% FEE on block Award][EN/CN/RU] Sigmapool.com

you would be fully honest.

As to whether you tap out and go broke as kano says you will.

My guess is you that with 230 ph you may go broke.

you would earn 296 btc a month  with that much hash

that is 24 blocks a month.

 so 3 x  85% months

is  3x24 = 72 x .85 = 61.2 blocks  meaning  10 or 11 blocks short   which is 137.5 btc

a lot depends on  two things  will you get attacked by a bad player?
if you do get attacked you will be tapped out.

Sigma, you are incredibly stubborn person who still doesnt want to understand facts and reasoning.. Sigh..

Yes it is a fee.

If you don't understand that paying 100% PPS is a fee, then you got a lot more problems than just the fact that you need 4317.375 BTC to reduce the risk of the pool going broke with a 1% fee.

Miner earnings are Block Reward + Transaction fees
No you can't take the Transaction fees and pretend you aren't charging a fee.

PPS MUST charge a fee or the pool is 100% expected to go broke.
If the fee was actually 0% then you are guaranteed to go broke.

The 1% means you have a low chance (0.1%) of going broke if you already have a 4317.375 BTC balance and continue to top it up whenever it gets below that.

And it doesn't matter if you have one PPS miner or two PPS miners, it's still the same amount.
PPS pool size is not part of the calculation.

Dear Kano,

We’ve been waiting for your reply and are glad to greet you at our topic.
Firstly, would like to mention that we do have our application store that brings us profit (there is more than 1% we do gain by simply providing the services). At a certain point we will add the PPLNS model to lower all the possible risks.
Furthermore, we are going to use a different from other pools monetization model at the SigmaPool. Creating a pool was just the first step - more to come.
Despite the fact that we already have faced the bad luck times, we are proud to declare that we managed to keep the payouts regular and stable (thanks to our reserves), and we have the best community (where we will be glad to see you and every new miner) that can prove our stability and the level of our services.
Lastly, understanding that we haven’t given a complete answer to your question, we would like to note the fact that pretty soon we will be able to prove that we do have the funds required to sustain the stable PPS payouts (and yes, we do have more than 2000 BTC behind us).

P.S. The 1% fee you are talking about is not a fee - it is the only way to make a PPS method not going broke without touching miner’s earnings. We do believe that giving miners 12.5 BTC per block is more fair than giving them 1% and taking 3% away.

Firstly, this is the BTC section of the forum, so my discussion is only about BTC
(the rest of the scam coins count for nothing anyway)

Going by Meni's statistical analysis of PPS - as I've referenced and described here:
https://bitcointalksearch.org/topic/m.48795003

Since you say 100% PPS - that means you keep the transaction fees.
Since July last year, that has been around a 1% fee - yes you are lying saying there is no fee at 100% PPS


So using 1% as your fee, the calculation for your necessary reserve is simply:
12.5 x 6.9078 / (2 x 0.01) = 4317.375 BTC
and using a US$ conversion rate (today) of 1BTC = $3,500 that's about $15.1 million

Soon enough, the Sigmapool is going to prove its own reserved funds for the payouts.

Greetings, dear miners!

We gathered all the best mining solutions in one ecosystem and are proud to present you the SigmaPool! It is not just another mining pool, but an independent ecosystem for cryptocurrencies mining with top-level income that forms a highly profitable offer for you. In august 2018 we started mining bitcoin and since then, less than in half a year, we reached a stable 300 PH/S capacity. At the moment we are in top 20 pools and have everything required to get into the top 5.
You can see our stats at btc.com explorer

What does the SigmaPool have today?

• BTC pool PPS rewards
• Regular payouts
• Welcome bonuses
• Supports AsicBoost

Bitcoin

• Minimum withdrawal 0.001 BTC
• 100% PPS

For miners we offer:

• Unique firmware
• Transparent income system
• Convenient monitoring and ASIC control
• AsicBoost support
• Application store
• No empty blocks
• Regular payouts
• Support 24/7
• Active community

Coming up soon:

• Moblie app
• Multi-currency wallet
• Cloud mining
• Hosting

We have an application store for you where developers have an opportunity to post their applications and services for miners.
For all the newcomers, we have a special welcome-bonus.


Get started:

F.A.Q.
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Official SigmaPool website
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