[ANN] CoinLab Protected Pool - page 51.

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

Quote from: philips on August 22, 2012, 05:46:32 PM

Understood.

I wanna add though that we could use a shorter time scale with more immediate relevance, something like an hour or even better, an adjustable period of time.

Thank you

Yep, we're hearing that a lot. I'm going to try to get a 1-hour or 10 minute average live by end of day tomorrow.

Adjustable time period is a cool idea. I'll share it with the team.

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

Quote from: dentldir on August 22, 2012, 01:51:51 AM

Quote from: CoinLab on August 21, 2012, 03:58:57 PM

If you send me an email, I can process a special payout for you within 1 business day. We're going to build an automated payout system within the next month. What kind of flexibility would you like? We'd love to hear your input so we can design the best payout system to serve you.

Thanks for the info.

The most useful withdrawals for me are:
1) Basic: One time manual withdrawal to a manually entered address (usually above a minimum threshold like 0.01 BTC). This lets you pay anyone, including yourself one time.
2) List Based: One time withdrawal from an editable list of addresses (for commonly used addresses, exchanges, etc). The list also lets you set a default address so you can have a one click payout button.
3) Time Based: Recurring withdrawals to an address in the list. Multiple times a day / once every day at 4:30pm EST / once every 7 days / once every 30 days. This one is used for paying out multiple times a day or to pay recurring bills.

Minimum thresholds usually apply on most pools so you don't get outbound coin spamming.

At 1.5GH now. I suppose I'll start digging up my Nvidia cards as well.

Cheers.

Awesome feedback! Thanks, sharing your thoughts with the team.

#1 may not be possible - Our lawyer advised us to make our terms state that all payouts have to go directly to you, for fear of us becoming classified as a money transfer business. I'll check with him and see if there is anything we can do to make this more flexible. I have an idea about how we may be able to get around this with client side transaction signing. I'll have to get back to you on this one. #2 and #3 both look doable.

Another concern we've had about security:
If you can easily change payout addresses, any hacker who gets your password can take all unpaid funds sitting in your account. Where do you think CoinLab should draw the line with this?
- Should "locking in" a payout address be optional? (security is an individual responsibility)
- Should we take the "protectionist" approach of defaulting to a higher level of security? (because the least secure people wont think to check the optional 'lock in payout address' box)

What does everyone think? We'd love to hear the community's thoughts on this!

philips

hero member

Activity: 700

Merit: 500

Understood.

I wanna add though that we could use a shorter time scale with more immediate relevance, something like an hour or even better, an adjustable period of time.

Thank you

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

Quote from: philips on August 22, 2012, 04:37:17 PM

Quick question:

What time interval (or method) is used at CoinLab pool to approximate users hash-rate?
I am asking this because I am hashing constantly with 4.5GH and my status never rose above 3.5GH in about 20 hours since I began mining.

It is true that I had a couple of gaps in hashing time (maybe a hour in total).

We use a 1 week time scale. We've noticed a number of users are seeing lower numbers reported server-side than they see in their miner. The devs are looking into this. We're pretty busy with some other things today, but they said they should have a good answer by end of day tomorrow.

Once we figure out what is happening (is it just a bad average or are we actually losing some shares somewhere), we will compensate our miners for any losses that we are responsible for. (Ex. if something is causing us to lose about 20% of shares, we'll pay out 20+% extra this week). We promise, everyone will be made whole.

That said, we think its probably on the reporting, rather than the crediting, side.

Thanks for letting us know that you're also experiencing this problem. I'll personally let you know what our findings are tomorrow.

philips

hero member

Activity: 700

Merit: 500

Quick question:

What time interval (or method) is used at CoinLab pool to approximate users hash-rate?
I am asking this because I am hashing constantly with 4.5GH and my status never rose above 3.5GH in about 20 hours since I began mining.

It is true that I had a couple of gaps in hashing time (maybe a hour in total).

dentldir

sr. member

Activity: 333

Merit: 250

Quote from: CoinLab on August 21, 2012, 03:58:57 PM

If you send me an email, I can process a special payout for you within 1 business day. We're going to build an automated payout system within the next month. What kind of flexibility would you like? We'd love to hear your input so we can design the best payout system to serve you.

Thanks for the info.

The most useful withdrawals for me are:
1) Basic: One time manual withdrawal to a manually entered address (usually above a minimum threshold like 0.01 BTC). This lets you pay anyone, including yourself one time.
2) List Based: One time withdrawal from an editable list of addresses (for commonly used addresses, exchanges, etc). The list also lets you set a default address so you can have a one click payout button.
3) Time Based: Recurring withdrawals to an address in the list. Multiple times a day / once every day at 4:30pm EST / once every 7 days / once every 30 days. This one is used for paying out multiple times a day or to pay recurring bills.

Minimum thresholds usually apply on most pools so you don't get outbound coin spamming.

At 1.5GH now. I suppose I'll start digging up my Nvidia cards as well.

Cheers.

jjshabadoo

hero member

Activity: 535

Merit: 500

Not sure if it matters to people, but I will be supporting Coinlab's project by adding about 10+ GH/s to this pool by Monday. I hope to add another 5+ Gh/s shortly thereafter.

Maybe this will help others decide to join. For those of you with GPU farms, I believe this venture will prove to be fruitful for all of us.

I also just ordered some 7970's so should have another 2 GH going as well bringing me to about 17-18 GH/s.

Once I see things rolling I will start adding nvidia GPU's as these should be more efficient for non-bitcoin related processing.

GenTarkin

legendary

Activity: 2450

Merit: 1002

Quote from: CoinLab on August 21, 2012, 04:57:47 PM

Quote from: GenTarkin on August 21, 2012, 04:41:09 PM

coinlab, did you get my PM? havent heard back from ya yet and see that you are on..

Yep, check the email address you PM'd.

ty much! =)

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

Quote from: GenTarkin on August 21, 2012, 04:41:09 PM

coinlab, did you get my PM? havent heard back from ya yet and see that you are on..

Yep, check the email address you PM'd.

GenTarkin

legendary

Activity: 2450

Merit: 1002

coinlab, did you get my PM? havent heard back from ya yet and see that you are on..

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

If you send me an email, I can process a special payout for you within 1 business day. We're going to build an automated payout system within the next month. What kind of flexibility would you like? We'd love to hear your input so we can design the best payout system to serve you.

You are correct about the login credentials. To sign in the pool, your username is protected_username. To sign in to our web interface, you just enter you username (without "protected_").

joyyen

member

Activity: 99

Merit: 10

MMM EXTRA - THE RIGHT STEP TOWARDS THE GOAL

Quote from: dentldir on August 20, 2012, 09:53:39 PM

Thanks for this. The login credentials seem to be mostly the same, only without the prefix on the username.

Any plans for more flexibility on payouts?

+1

dentldir

sr. member

Activity: 333

Merit: 250

Thanks for this. The login credentials seem to be mostly the same, only without the prefix on the username.

Any plans for more flexibility on payouts?

GenTarkin

legendary

Activity: 2450

Merit: 1002

So, let me get this right... you guys are only offering to extend my gpu's usefullness by the amount of above 2.50$/gh/1day of shares submitted ... when the value of shares go below that?
So, lets say I mine 1million shares above your 2.50$ mark.
That means I would only get 1million protected shares and after that... I mine at w/e the current btc landscape looks like?
In other words if I signed up right now, and asics came out in 3 months, I would only have enough credits to extend my gpu's 3 months beyond that...(given the predictions bout ASICs are true)

Or am I missing something?

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

Announcement

Web interface for tracking earnings is now live. Check it out here:

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

Use the same credentials as you use to sign in to our pool. Literally just pushed it live, so let us know what you think about it or if you have any problems.

Enjoy!

- The CoinLab Team

auctioneeeeer

sr. member

Activity: 305

Merit: 250

Quote from: jjshabadoo on August 16, 2012, 12:20:17 AM

Don't get me wrong, I'm not attempting to be critical of this venture as I see it to be an excellent idea. I thought about attempting to do this myself about 6 months ago, but I lack the technical expertise to pull it off.

I was simply wondering about higher mem clocks in an attempt to see what my costs might look like.

I will certainly be bringing my farm to a service like this in the near future. I love hardware and playing with machines. ASIC is simply boring to me and even if there was a more reliable company producing them on the horizon, I'm not interested in that type of mining.

I'm also glad to see ckolivas on board as this greatly increases my confidence in this venture, not that coinlab doesn't already have a good reputation.

+1 here as well!

CoinLab

sr. member

Activity: 270

Merit: 250

1CoinLabF5Avpp5kor41ngn7prTFMMHFVc

Announcement

8/20/12 - Users who contribute an average hashrate of 10GH/s over the week (submit a total of at least 1,125,000 shares) will now earn 97% PPS. Each week starts Monday, so start mining now to get a 97% PPS next monday!

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Quote from: jjshabadoo on August 16, 2012, 12:20:17 AM

Don't get me wrong, I'm not attempting to be critical of this venture as I see it to be an excellent idea. I thought about attempting to do this myself about 6 months ago, but I lack the technical expertise to pull it off.

I was simply wondering about higher mem clocks in an attempt to see what my costs might look like.

I will certainly be bringing my farm to a service like this in the near future. I love hardware and playing with machines. ASIC is simply boring to me and even if there was a more reliable company producing them on the horizon, I'm not interested in that type of mining.

I'm also glad to see ckolivas on board as this greatly increases my confidence in this venture, not that coinlab doesn't already have a good reputation.

+1

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: jjshabadoo on August 15, 2012, 11:29:51 AM

Also, won't we need to raise our mem clocks on our gpus for this kind of work? It will raise our electricity costs at least 10-20% depending on the cards.

Would memory overclocking also be helpful ?

Well if your using Nvidia then mem clocks are not important. However CPU cycles may be.

jjshabadoo

hero member

Activity: 535

Merit: 500

Don't get me wrong, I'm not attempting to be critical of this venture as I see it to be an excellent idea. I thought about attempting to do this myself about 6 months ago, but I lack the technical expertise to pull it off.

I was simply wondering about higher mem clocks in an attempt to see what my costs might look like.

I will certainly be bringing my farm to a service like this in the near future. I love hardware and playing with machines. ASIC is simply boring to me and even if there was a more reliable company producing them on the horizon, I'm not interested in that type of mining.

I'm also glad to see ckolivas on board as this greatly increases my confidence in this venture, not that coinlab doesn't already have a good reputation.

Topic: [ANN] CoinLab Protected Pool - page 51. (Read 97702 times)