Hi There,
As a dedicated miner of Netcoin I just wanted to share my experience with everyone:
I join net.smalltimeminer.com for two weeks and what a big mistake it was. Based on their pool hashrate they are supposed to find twice as many blocks as they actually do. Unfortunately MPOS software is setup to only show the last 20 ~ 25 block times so its hard to extrapolate and I dont trust the 24hour count on there. I was kind of curious as to why I see my RIG should be able to mine about 1200 coins avg (during that particular difficulty) in a 24hour avg (50 coins/hour) and it made max HALF of that. I repeated this test over and over and it was always around 50% return rate. The difficulty is very volatile on Netcoin which makes it hard to calculate but I have done it many times over 1 hour periods and it is consistently 50% of my hasrate. So here I call out the owner of net.smalltimeminer.com to explain where the other 50% of coins (about $7,500 worth daily) are going??
Then I joined bitcoop.tk and I am getting about twice as many coins as before. I am actually surprised to see how fast I get coins coming through.
Anyway, I dont know either of these websites or the owners of them but I just wanted to test my suspicion of pool owners and there it was. Big thefts are going on here in the pools. At least a site like multipool.us steals maybe only 30% of my coins. But 50% is AWEFUL.
Again, the cryptocurrency is a no-man-land so people do whatever they want, steal, hack, lie but this one is absurd.
With all that said, we had a nice pop on Netcoin last week which is starting to fall fast. This coin has great potential with one of the highest trade volumes on Cryptsy and planning on halving in 60 days so if you own it, I recommend you hold on to it for at least 60 days and see what happens. Close your open orders and mine. This has great potential, specially because of no-premine and short name and its prestigeous .org foundation they set up.
Sorry your experience was so terrible, I don't remember you contacting me if you were having issues, I get back to
everyone eventually You probably didn't bother to look under the round stats, you can see where every last cent goes for the blocks we find, and the ones we don't are listed on any netcoin block explorer, what's your point?
Just trying to plug your pool? I've already suspended registrations to help spread the network hash rate out. Maybe that will help you.