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Topic: [ANN] MinerFarm - Virtual Mining Game for Real Bitcoin - page 35. (Read 85603 times)

hero member
Activity: 826
Merit: 1000
This is unfortunately not possible, because when the pool is closed then there is a responsibility occurs to pool members. And if pool members paid a fee to join to pool, then there should be a refund from the pool owner. We have to think from every different angle. Pool owner can sell his miners and quit anyway, then fee is paid to system not to pool owner.

If this "ghost-pool" have a fee of 0%, he will suck all the aviable hashrate of the system, the other pools will bleed out and nobody have to pay for it?
And as Bonus, the "ghost pool" also get randomly fresh 10Gh miners from the system.

If the pool have a "join to pool fee", and the pool go "bankrupt" then the members simply join the wrong pool and are the losers....like in real life.
But thats a one time punishment and does not affect the other pool owners or distorts the whole game.

Looks not funny for others.....especially, since we can expect more of such "ghost pools" in the future.


There is no such thing as "ghost-pool". So all your assumptions are invalid.

On the contrary, we are trying to avoid a ghost-pool. The purpose is, if pool owner quits the game nothing should change for the pool members. They will continue to earn as if they have a pool owner, and they will continue to pay the pool fee as if they have pool owner. But since they do not have a pool owner, they will pay to the game.

To make it more clear, nothing changes in terms of earnings and fees for the pool members if their pool creator quits the game. They do not have any disadvantage or advantage against other pools. We think this is the most fair system.
hero member
Activity: 871
Merit: 1000
Only thing is, if everyone joins a zero hash rate pool, most people would lose money.  If 10000 people are all in one pool and we'll just assume they all have 10GH then they ha e divide an earned block of .017 by 10000...theyd lose money.
Possible...but not all can count correctly. ;-)
Beside...most hashrate is from free 10Gh miners with multiple accounts....so it will still destroy the game for all others.
hero member
Activity: 871
Merit: 1000

Could it be possible to sell ownership of a pool?  Of course, your still end up potential for individuals to take over ownership and change fee structure of pool, which woul still be unfair to miners...of course, current owners could also do this.

Is there anything to stop pool owners from charging an entry fee and then a week later changing the fee structure to a very high fee, thus making the entry fee unfair or do owners choose between an entry fee or a fixed block fee.

This game have to reflect the real mining life.......
In there Pools come and go......
Some are serious........some are bastards.

So, miners have to choose carefully, which pool they trust.
Pools with low fee have more risk, that the owner give up, because he will never get the pool maintenace fee back.
newbie
Activity: 58
Merit: 0
Only thing is, if everyone joins a zero hash rate pool, most people would lose money.  If 10000 people are all in one pool and we'll just assume they all have 10GH then they ha e divide an earned block of .017 by 10000...theyd lose money.

But you are correct.  If the game becomes a bunch of ghost pools, that lowers the incentive to start your own pool.

This is unfortunately not possible, because when the pool is closed then there is a responsibility occurs to pool members. And if pool members paid a fee to join to pool, then there should be a refund from the pool owner. We have to think from every different angle. Pool owner can sell his miners and quit anyway, then fee is paid to system not to pool owner.

If this "ghost-pool" have a fee of 0%, he will suck all the aviable hashrate of the system, the other pools will bleed out and nobody have to pay for it?
And as Bonus, the "ghost pool" also get randomly fresh 10Gh miners from the system.

If the pool have a "join to pool fee", and the pool go "bankrupt" then the members simply join the wrong pool and are the losers....like in real life.
But thats a one time punishment and does not affect the other pool owners or distorts the whole game.

Looks not funny for others.....especially, since we can expect more of such "ghost pools" in the future.



hero member
Activity: 871
Merit: 1000
This is unfortunately not possible, because when the pool is closed then there is a responsibility occurs to pool members. And if pool members paid a fee to join to pool, then there should be a refund from the pool owner. We have to think from every different angle. Pool owner can sell his miners and quit anyway, then fee is paid to system not to pool owner.

If this "ghost-pool" have a fee of 0%, he will suck all the aviable hashrate of the system, the other pools will bleed out and nobody have to pay for it?
And as Bonus, the "ghost pool" also get randomly fresh 10Gh miners from the system.

If the pool have a "join to pool fee", and the pool go "bankrupt" then the members simply join the wrong pool and are the losers....like in real life.
But thats a one time punishment and does not affect the other pool owners or distorts the whole game.

Looks not funny for others.....especially, since we can expect more of such "ghost pools" in the future.


newbie
Activity: 58
Merit: 0
This is unfortunately not possible, because when the pool is closed then there is a responsibility occurs to pool members. And if pool members paid a fee to join to pool, then there should be a refund from the pool owner. We have to think from every different angle. Pool owner can sell his miners and quit anyway, then fee is paid to system not to pool owner.

Appreciate the clarification.  That does make some sense regarding pool entry fees paid.

Could it be possible to sell ownership of a pool?  Of course, your still end up potential for individuals to take over ownership and change fee structure of pool, which woul still be unfair to miners...of course, current owners could also do this.

Is there anything to stop pool owners from charging an entry fee and then a week later changing the fee structure to a very high fee, thus making the entry fee unfair or do owners choose between an entry fee or a fixed block fee.

For instance, could I charge people .05BTC to join a 0% fee pool and then suddenly change the fee structure to 100% after getting a bunch of users.  Then withdraw and put the fee back to 0%, repeat...just thinking of ways the current setup might be abused.
legendary
Activity: 1988
Merit: 1007
"Paid to the system"

What exactly does that mean?

It's essentially deleted (i.e., nobody gets it -- so technically the site owner does).
full member
Activity: 236
Merit: 100
"Paid to the system"

What exactly does that mean?
hero member
Activity: 826
Merit: 1000
This is unfortunately not possible, because when the pool is closed then there is a responsibility occurs to pool members. And if pool members paid a fee to join to pool, then there should be a refund from the pool owner. We have to think from every different angle. Pool owner can sell his miners and quit anyway, then fee is paid to system not to pool owner.
legendary
Activity: 1988
Merit: 1007
So does this mean that if you start a pool, there is no way to delete the pool and that your account is forever charged .05 BTC perpetually for having launched a pool in the first place?

Looks like it. I don't like that rule... because some people may make one, and decide later to join a bigger one instead. I think you should be able to cancel it, even if that comes with a fee.
newbie
Activity: 58
Merit: 0
So does this mean that if you start a pool, there is no way to delete the pool and that your account is forever charged .05 BTC perpetually for having launched a pool in the first place?

Also, if the original pool creator doesn't get the income fee from found blocks, is it distributed to members of the pool or to the admin or to the next block released?
member
Activity: 114
Merit: 10
how many min withdraw and how much withdrawal fee?

Minimum withdraw: 0.001 BTC ( Writes on Training Section )
Fee for withdrawal is 0.0005 BTC ( Writes on Pop Up window when you click Withdraw Funds )
newbie
Activity: 39
Merit: 0
how many min withdraw and how much withdrawal fee?
hero member
Activity: 826
Merit: 1000
But if he abandons the game, he will no longer have income to pay for the monthly pool fees.

What happens when there is no income for the fees? In other words, the wallet is empty....

I am interested in knowing what happens when a pool owner abandons his own pool.

It seems that the owner of Cryptocoinbank has sold off his miners and walked away.

When does a pool get dismantled after the owner gives up on it?

Pool rules from the site:

"Each user can own at most 1 pool
There is monthly 0.050 BTC cost for pool creation and maintenance
There is 0.005 BTC cost for pool update
You should have at least 1000 Gh/s hash power in order to create a pool.
Pool commission rate is the percentage value of each user's cost who joined to pool pays for per block
Minimum Hash Power is the smallest required hash rate for the users who want to join to pool
Once you create a pool, you cannot cancel or quit the pool. But you can edit pool information.
If the pool owner's hash rate drops below 1000 Gh/s, he receives a notification. And if pool owner does not increase hash rate to at least 1000 Gh/s, then pool fee income is cancelled"

If he has less than 1Th/s he earns nothing from the pool fees.

When pool cost is deducted, his balance becomes negative and remains negative
legendary
Activity: 1988
Merit: 1007
why my earnings after fee doesnt increase?earnings increase but profit same from  yesterday?

You're in a pool that has found no/low blocks. I ran into the same issue and had to change pools and now things are better.
full member
Activity: 236
Merit: 100
But if he abandons the game, he will no longer have income to pay for the monthly pool fees.

What happens when there is no income for the fees? In other words, the wallet is empty....

I am interested in knowing what happens when a pool owner abandons his own pool.

It seems that the owner of Cryptocoinbank has sold off his miners and walked away.

When does a pool get dismantled after the owner gives up on it?

Pool rules from the site:

"Each user can own at most 1 pool
There is monthly 0.050 BTC cost for pool creation and maintenance
There is 0.005 BTC cost for pool update
You should have at least 1000 Gh/s hash power in order to create a pool.
Pool commission rate is the percentage value of each user's cost who joined to pool pays for per block
Minimum Hash Power is the smallest required hash rate for the users who want to join to pool
Once you create a pool, you cannot cancel or quit the pool. But you can edit pool information.
If the pool owner's hash rate drops below 1000 Gh/s, he receives a notification. And if pool owner does not increase hash rate to at least 1000 Gh/s, then pool fee income is cancelled"

If he has less than 1Th/s he earns nothing from the pool fees.
legendary
Activity: 1708
Merit: 1080
I am interested in knowing what happens when a pool owner abandons his own pool.

It seems that the owner of Cryptocoinbank has sold off his miners and walked away.

When does a pool get dismantled after the owner gives up on it?

Pool rules from the site:

"Each user can own at most 1 pool
There is monthly 0.050 BTC cost for pool creation and maintenance
There is 0.005 BTC cost for pool update
You should have at least 1000 Gh/s hash power in order to create a pool.
Pool commission rate is the percentage value of each user's cost who joined to pool pays for per block
Minimum Hash Power is the smallest required hash rate for the users who want to join to pool
Once you create a pool, you cannot cancel or quit the pool. But you can edit pool information.
If the pool owner's hash rate drops below 1000 Gh/s, he receives a notification. And if pool owner does not increase hash rate to at least 1000 Gh/s, then pool fee income is cancelled"

If he has less than 1Th/s he earns nothing from the pool fees.
full member
Activity: 236
Merit: 100
I am interested in knowing what happens when a pool owner abandons his own pool.

It seems that the owner of Cryptocoinbank has sold off his miners and walked away.

When does a pool get dismantled after the owner gives up on it?
full member
Activity: 236
Merit: 100
All Good. Thank You

UPDATE  =  aliser found him...

I have an issue. Sent a support email.

I purchased 3 Technicians. I have been hiring them out into the Employee Market to create some extra income.

All of a sudden, 1 of the Technicians disappeared from my account. Nowhere to be found. Last time I saw him, I had set him up for hire in the Market.

Has anyone else experienced the loss of an employee this way?

I'm thinking of looking in Vegas, but he's not real....   Huh   Sad


It should be fixed now, please check your tech and let us know

Regards.
hero member
Activity: 826
Merit: 1000
UPDATE  =  aliser found him...

I have an issue. Sent a support email.

I purchased 3 Technicians. I have been hiring them out into the Employee Market to create some extra income.

All of a sudden, 1 of the Technicians disappeared from my account. Nowhere to be found. Last time I saw him, I had set him up for hire in the Market.

Has anyone else experienced the loss of an employee this way?

I'm thinking of looking in Vegas, but he's not real....   Huh   Sad


It should be fixed now, please check your tech and let us know

Regards.
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