[ANN] CoinLab Protected Pool - page 23.

pT75y

newbie

Activity: 12

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https://bitcointalksearch.org/topic/ann-coinlab-protected-pool-99643

Quote

Users who submit at least 1,125,000 shares in one week will be paid at the increased rate of 97% PPS. 1,125,000 shares is equivalent to 100% uptime with 10GH/s for one week. Double the hash rate will earn this many shares in half the time. (Ex. If you have 15 GH/s, you will reach 1,125,000 shares 66% of the way through the week.) The new week begins each Monday. Early on-request payouts will be credited at 95% PPS unless you have already earned 1,125,000 shares that week.

http://pool.coinlab.com/partners/protected/

Quote

(based on a 30 minute trailing average)
CURRENT PAYOUT RATE: 95%
WEEKLY SUMMARY OF MINING FOR ...
Week Worker Hours MH/s Shares Total Shares Bitcoins Total Bitcoins
2012-11-11 Combined 134.17 23,535.1 2,646,788

the proposal is canceled ?

philips

hero member

Activity: 700

Merit: 500

Quote from: jjiimm_64 on November 15, 2012, 10:36:29 PM

after running some numbers and possible scenarios.. I would like the option to continue earning loyalty points till the asics are released.

Yes please, let us choose individually when to to switch.

jjiimm_64

legendary

Activity: 1876

Merit: 1000

Quote from: jjiimm_64 on November 15, 2012, 03:19:43 PM

Quote from: CoinLab on November 15, 2012, 02:32:14 PM

Miners, how would you feel if we held your balance in USD, and converted upon payout?

What exchange rate do you suggest we use? We were thinking about a 24-hour or 7-day average.

I will take first crack at this:

Keep the balance in both USD and BTC (24hour avg) with a button to cash out in btc at any time!

after running some numbers and possible scenarios.. I would like the option to continue earning loyalty points till the asics are released.

jjshabadoo

hero member

Activity: 535

Merit: 500

I second what Jimm has said.

Options are great and people need instant payouts.

jjiimm_64

legendary

Activity: 1876

Merit: 1000

Quote from: CoinLab on November 15, 2012, 02:32:14 PM

Miners, how would you feel if we held your balance in USD, and converted upon payout?

What exchange rate do you suggest we use? We were thinking about a 24-hour or 7-day average.

I will take first crack at this:

Keep the balance in both USD and BTC (24hour avg) with a button to cash out in btc at any time!

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

Quote from: jjiimm_64 on November 15, 2012, 01:19:58 PM

Quote from: jjiimm_64 on November 12, 2012, 11:30:58 AM

CoinLab:
Please give us more information about the minimum profit. How much USD per share will we get? When paying in btc, what exchange rate will you use(what time of week)?

bump

Loyalty Points will be redeemed at $0.00012427 PPS (note the dollar sign).

We're still settling our redemption scheme.

Miners, how would you feel if we held your balance in USD, and converted upon payout?

What exchange rate do you suggest we use? We were thinking about a 24-hour or 7-day average.

GenTarkin

legendary

Activity: 2450

Merit: 1002

Quote from: AniceInovation on November 15, 2012, 02:19:10 PM

ATM, 1GHash/s revenues 3.3 USD per day. If it ever goes lower than 2.5 USD, we start using loyalty points. So if BTC prices remain the same, when the reward halves to 25 BTC that will happen.
That's what i understood.

yeahp, it will happen at the 25BTC reward halving for sure, unless the market value of 1BTC doubles.. LOL!
if we dont start cashing in shares @ loyalty point value by that time or shortly after then, CL most likely a scam. =( .. even though a legit company, means they probably abandoned the project entirely. Only time will tell.

Although, I did find their wurmonline portal for generating in game coins... seems that is in beta for wurmonline as of june 26th... not sure what the status of it is now..
At least they got one game, if that even proved successful.. LOL

yochdog

legendary

Activity: 2044

Merit: 1000

Quote from: AniceInovation on November 15, 2012, 02:19:10 PM

ATM, 1GHash/s revenues 3.3 USD per day. If it ever goes lower than 2.5 USD, we start using loyalty points. So if BTC prices remain the same, when the reward halves to 25 BTC that will happen.
That's what i understood.

Yes, this is correct.....but what we are all looking for is details on how redemption will work.

It is kind of sketchy on details at the moment.

AniceInovation

donator

Activity: 446

Merit: 262

Interesting.

ATM, 1GHash/s revenues 3.3 USD per day. If it ever goes lower than 2.5 USD, we start using loyalty points. So if BTC prices remain the same, when the reward halves to 25 BTC that will happen.
That's what i understood.

jjiimm_64

legendary

Activity: 1876

Merit: 1000

Quote from: jjiimm_64 on November 12, 2012, 11:30:58 AM

2 weeks!!!

http://bitcoinclock.com/

bitcoin midnight is almost upon us....

at which time my profit(after elec) for 58G goes from about 120 a day down to about 25

16 btc day 176$ - 65 = 110$
8 btc day 88$ - 65 = 23$

OUCH

min profit:
58g 2.50*58 = 145$ -65 = 80$

obviously the payout cannot go by hashrate must be usd/share

CoinLab:
Please give us more information about the minimum profit. How much USD per share will we get? When paying in btc, what exchange rate will you use(what time of week)?

bump

monstrs

hero member

Activity: 555

Merit: 504

I have set backup pools in cgminer, doesnt it automaticaly switch to thoes, if coinlab is not accepting shares?

meebs

hero member

Activity: 616

Merit: 500

Quote from: jjiimm_64 on November 14, 2012, 03:10:45 PM

Quote from: GenTarkin on November 14, 2012, 02:35:34 PM

cgminer bleeding of shares to other pools can be avoided by using --failover-only

maybe you missed the part where I have found 3 solo blocks with bleedover shares... why would you not want them?

if you are comparing the shares accepted by CGminer compared to shares accepted by pool, during the test you dont want bleedover to overpools

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

105%!

GenTarkin

legendary

Activity: 2450

Merit: 1002

Quote from: jjiimm_64 on November 14, 2012, 03:10:45 PM

Quote from: GenTarkin on November 14, 2012, 02:35:34 PM

cgminer bleeding of shares to other pools can be avoided by using --failover-only

maybe you missed the part where I have found 3 solo blocks with bleedover shares... why would you not want them?

oh, haha, well then you must have one hell of a hashrate...geez =P

jjiimm_64

legendary

Activity: 1876

Merit: 1000

Quote from: monstrs on November 14, 2012, 05:02:08 PM

Is this possible with gpu ming, anyone has compared cgminer shares and coinlab?

yes.
read back about 10 or 15 posts, i reference a test from last month

monstrs

hero member

Activity: 555

Merit: 504

Quote from: yochdog on November 14, 2012, 01:51:50 PM

Quote from: jjiimm_64 on November 14, 2012, 01:41:31 PM

Quote from: yochdog on November 14, 2012, 01:35:34 PM

Quote from: jjiimm_64 on November 14, 2012, 01:30:57 PM

Quote from: yochdog on November 14, 2012, 01:22:51 PM

I am just attempting to figure out if the foregone earnings now is worth the potential bonus later.

If you use cgminer, there will not be any 'foregone earnings', the shares will be at the other pools. or solo.

hmmmm, I do not see any shares bleeding over to the back-up pool.

Dammit this sucks.

Yoch. Since your using cgminer. you can easily test this. create a new user for coinlab and restart cgminer with new user. cgminer will track the number of accepted shares which can then be compared to the coinlab stats.

roger

Is this possible with gpu ming, anyone has compared cgminer shares and coinlab?

Zubilica

hero member

Activity: 837

Merit: 1000

Any eta on HPC Software ?

jjiimm_64

legendary

Activity: 1876

Merit: 1000

Quote from: GenTarkin on November 14, 2012, 02:35:34 PM

cgminer bleeding of shares to other pools can be avoided by using --failover-only

maybe you missed the part where I have found 3 solo blocks with bleedover shares... why would you not want them?

GenTarkin

legendary

Activity: 2450

Merit: 1002

cgminer bleeding of shares to other pools can be avoided by using --failover-only

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

Quote from: jjiimm_64 on November 14, 2012, 01:41:31 PM

Quote from: yochdog on November 14, 2012, 01:35:34 PM

Quote from: jjiimm_64 on November 14, 2012, 01:30:57 PM

Quote from: yochdog on November 14, 2012, 01:22:51 PM

I am just attempting to figure out if the foregone earnings now is worth the potential bonus later.

If you use cgminer, there will not be any 'foregone earnings', the shares will be at the other pools. or solo.

hmmmm, I do not see any shares bleeding over to the back-up pool.

Dammit this sucks.

Yoch. Since your using cgminer. you can easily test this. create a new user for coinlab and restart cgminer with new user. cgminer will track the number of accepted shares which can then be compared to the coinlab stats.

Yoch, this is the first time we've heard of this problem. JJiimm's suggestion is a good way for you to test what is going on. If you find that cgminer is displaying more accepted shares than your stats, please let us know immediately. However, FPGAs aren't really a strategic priority for our pool, so if the shares are being properly credited but FPGAs can't work as efficiently on our pool for some reason, I'd recommend switching to another pool. We won't have any dev time for FPGA-specific optimizations in the next few weeks.

Topic: [ANN] CoinLab Protected Pool - page 23. (Read 97861 times)