Hey Miners,
Fun announcement! Today we start our
Miner PPS Rate Elasticity Experiment. For the next couple of weeks, we will be periodically changing the PPS rate without warning. The PPS rate will always be at least 95%, but will occassionally spike up to as high as 200% PPS.
Why are we overpaying?We want to learn how PPS rates affect miner behavior. We want to know how much we'd need to pay to get a given number of machines on our pool and in what time-frame. In order to do this, we'll be adjusting the PPS rate periodically, watching to see how our miners respond and how quickly.
These fluctuations in PPS rate will simulate how we anticipate HPC earnings rates will vary. Sometimes there will be bursts of very high-paying work, sometimes there will be moderate-rate longer jobs, and sometimes we'll fall back on Bitcoin mining (the lowest rate).
We'll give up to 200% PPS for short periods (about an hour)
We'll give more moderate PPS bonuses (100-120% range) for longer periods (multiple hours)
EDIT: We've decided that it is better to announce rate changes as they happen.
We'll only announce bonus rates AFTER the fact - if you want to get the best rates, you'll have to check yourself. If miners want to post in this thread when they notice a bonus is happening, that is totally fine, but CoinLab will not announce it. Miners earning the 97% bonus will continue getting their bonus in addition to this rate bonus.
How do I check the current PPS rate?We've added current PPS rate to the web stats interface here:
http://pool.coinlab.com/partners/protectedIt might be above 95% at the time of this post...