Topic: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool - page 2. (Read 4178 times)

Hi there!

I already switched my miner to another pool about an hour ago and now stats suddenly shows "Estimated amount from confirmed coins ready to payout so far: 0.03337936". So it's back to something more "normal". But just in case you have some history records - here you go
http://stats.altcoinplex.com/users/bitcoin/13w3Q6s6vTbfpQo3eZ4cDCwVGDNDgaamnh.html
Hope it'll help you find a problem.

EDIT: payout occurred just at the time I posted so it's 0 now

Hi guys,

Sorry for the slow update in the post today.

Yesterday till this morning, our DNS server service provider was under attack, thus affecting our service.


Hi UdjinM6,

You able to post your address or PM me your address so i can run a check for you?

Thanks

I hope it will be ok but stats looks scary

and few minutes later
another few minutes and
and it's not the amount I'd be happy with pointing my 5 mh/s miner to this pool

If the payout is the same time as yesterday, it'll be in about 90 minutes.

I'm refreshing stats today and every time I do this I can see "Estimated amount from confirmed coins ready to payout so far" is ridiculously low and keep decreasing (and no payouts made btw)

WTH is going on?  

Is there a reason the pool has been placed at 2k difficulty? My hashrate according to the website has nearly been cut by 70%. Was there a problem with a lot of shares being submitted?

I'm assuming there's a buildup of unexchanged causing low initial payout???

The stats really don't tell you too much about what's going on behind the scenes. I stay on a pool for 6 days and average the total payout over 5 days, excluding the first. It could, of course, be poor performance. Holding out for now - new development is occurring.

I'm also not yielding over 0.01.

Average accepted rate over the 24h 1.89MH (which will have been stable in the previous payment period), payout 0.01502852, BTC/mh/24h: 0.00834918

http://stats.altcoinplex.com/users/bitcoin/17ARNqPzZqXo1pVxVAmTkRHb2WHkfDky4B.html

just 0.006/Mhz/24H for me Why！？
http://stats.altcoinplex.com/users/bitcoin/1C3iWWsiLvpm7SCniwb4jbF9LKr4ENQJCS.html

Stratum is down for me.

site down 

Hi everyone,

Our payout for today ~ 0.0104 BTC/MH/ 24 Hours

Cheers and happy mining!

Hi drexel232,

We do have a plan for that, but at the moment we concentrating on how to increase the profitability for our users.

Beside that, any other features that you would like to see?

thanks

Do you plan to add a statistic for currently unexchanged/immature amount after each round?

Thomza,

Can you pm me your BTC address so that I can do a quick check for you?

Hi

Im mining here for 24hours now and got 0.006 BTC/MH.
Am i doing something wrong or will it pickup tommorow.

Thank you

Hi fellow miners!

There are a lot of questions regarding the estimated payout on the top of each users statistics page. We hope to let everyone understand clearer how we do our estimate and do our payouts here at altcoinplex.

Our payouts system continuously aggregate user statistics based on the amount of shares each miner submits and their difficulty. When we find a block, we have to 1) send the coins to one of the designated exchanges for trading, to bitcoin/litecoin/dogecoin etc., or 2) in the event we receive a block of dogecoins/litecoins and we have miners who request for their payouts in dogecoins/litecoins, we will payout from the mined coins, and avoid sending them to the exchange, so as to minimize on the network transaction fees, exchange fees and withdrawal fees.

As our payouts are based upon the number of shares submitted by our miners, it is common for coin blocks which have been found but not confirmed by the network, or immature coins. To be on the safe side and ensure fairness and equality to everyone, we use the longest confirmation time of all the coins we have mined for the day, which is commonly 180-240 minutes based on our rough gauge, to determine the amount of estimated coins for payout. As such, it is typical to only see your estimated payout for the day only being reflected after several hours.

It might be better to illustrate this with a couple of examples,

George mines with us from 0000hrs (+0800) for 24 hours until our next payout after day 1. This payout round will therefore only consider George's mining from 0000hrs to 2000hrs. The shares submitted during 2000hrs to 2359hrs will then be used for his payout for day 2 even though he has not mined on day 2.

Jerry mines with us for a couple of hours today, from 1200hrs to 1600hrs and sees the Estimated payout as 0.000 and decides to stop. Our system will payout his share during our next round of payouts. After several hours, his estimated payout should increase in proportion to the amount of coins we have exchanged.

Now, some miners may wonder why we take this approach versus the approaches other multipools take. One of our primary concerns is payout variance and consistency. While we strive to get the best payouts for our miners, we put a lot of thought about how to make payouts equal for everyone based on a set of common denominators. This leads us to the reason why some miners mention the Estimated amounts sometimes appear to go lower after some time. This is most likely due to a string of bad luck encountered by the pool, even if we have not found any blocks for a period of time, the amount of shares submitted is always increasing and thus, the ratios are constantly being updated, therefore, the change in estimated payouts.

The best way to gauge our payouts is to stick with our system for a day or two and aggregate the amount of coins you have received. This would be the most accurate way to determine our payouts. The daily statistics for BTC/MH/day that we publish in this thread is taken from our own mining rig which has approximately 1 MH/sec.

I hope this clarifies everyone's doubts about our payout and the delay in statistics on the users statistics page.

Hi everyone,

Our payout for today ~ 0.011 BTC/MH/ 24 Hours

Cheers and happy mining!

Hi fcmatt,

While this might be theoretically possible, We have not seen this happen so far. However, if it does happen, we will look into the issue and improve on our logic on how to split our hashing power.

Thanks for the feedback.

If i had two mining machines, each on a diff public IP, is it possible for each mining rig to have very different reject rates due to each one being pointed to a different coin you are mining? One with a high diff (less rejects due to slower rate of blocks being found) versus the other rig with a high reject rate mining a lower diff coin?