The number is coming from just one of my investments to this pool.
So then miners, guess what, your luck/profit on this pool, is 1/3 average what you put into it. Better off going big with renting miners and try to solo mine a block.
Now the pool can begin the healing process. its great to hear you are adding altcoins and exchanges. because with 1/3 profitability, just buying cionz straight up is more cost effective. Adding some transparency for miners would be great too, like a profitability calculator, so they can see whether they are going to be losing 1/3 their profit vs btc. I saw this but I thought to myself, someone who would take it upon themselves to setup such a system, had put more thought into it than i did. You should be mad too, I gave you .3 btc worth of hashing power and the pool gave you .12 btc back for everyone.
Im sorry, Im upset, I put in a 100$ bill and got back a 20.
Hopefully from this the proper steps can be taken to make this pool a wonderful thing
You do understand you're responding to someone who does not give two shits about what anyone says? He believes everything he does is the best and will make everyone plenty of BTC!
Obviously, he's wrong.
I wouldnt go that far, I would go as far as, for anyone trying to make a profit, you should think it through as act quickly on it. I dont understand, you had this pool in beta, I would assume the profitability issue in mining was seen there. and then you open it to the public, I throw about 200$ dollars at you, get 30 back. and then you say "yeah looks like we are adding lots of stuff to bring the profitability up."
great for you (you'll make more from now on), sucks for the people that believed you already tested this. Im done with the pool now, Im more upset that you would open the pool up like this with a 25% return.
No one opens a pool to make 25% back. Do you go to a cashier to break a dollar to only get a quarter back. hell no. no one would knowingly use such a system. You cant open a business with that much loss, it loses profit from the user and you, the owner. The system just ate it up.
We have given all the numbers. Honestly, I feel like you're just trolling at this point. Your hashrate was, in no way, worth remotely close to .3 BTC
Da Faq?
100ths for 12 hours and 11ths for 24 hrs mining btc would get you .3 btc, (100th/s right now per day .44btc or .22 for 12 hours... thats pretty darn close to .3btc. Wait doesnt that make you mad, i sent you basically .22 btc worth of hashes and your system... only made about .07btc from just me that day.). I know the renting game, im selling my hashes as well. I questioned multiple times if it was pool profitability since my payouts were low, and I was giving you guys benefit of the doubt that you wouldnt just screw with the miners. I said only 3 things would cause this. you can read my previous comments.
But yes thanks for the numbers, like im saying and what paul is saying below as well, there IS a profitability issue that you are NOW trying to fix. Thats why I made such a big deal, I saw this by day Shift 2. Shift 1 was my test, and I saw I lost a bit then compared to btc mining. waited for day 2, thought you know what lets go big scale, I wont lose that much. Lost ALOT. tried to tell you, did the math for you, basically saying currently this system is less than 25% efficient. I asked if it was an effieciency problem, only to be brushed off, so I assumed then I was being screwed. You see more on the backend than I can. This shouldve been in your face before you opened the pool to the public.
IGOTSPOTS and Paul, you are correct you paid me out just like you should have. Its just that the system wasted so much time, money, and hashes.
Is there a reason we arent mining btc here, Isnt there a way for you to redirect our hashes to a pps/pplns pool (well i know there is, but does this pool support it?). that would help get profitability up.