Topic: [ANN][BEE]BeeCoin - Launched/5 EXCHANGES - page 65. (Read 123045 times)

seriously my coins are gone! It wasn't a lot only 50k but they were still my coins that I mined! What are my options?

Yeah, it started acting funny ever since yesterday. Glad I pulled out.

Can anyone tell me what happened to the hop.to pool. All my coins were on there and it looks like there is no website or pool there anymore! What happened? I just want my coins.

Bee.idcray.com and to be more accurate, 2.85 Mh is my rig avg

Here's my last 4 transactions and times. Auto payout 20k
http://i.imgur.com/d0oe8R2.jpg

Edit* IMG was too damn big

Indeed!
Bizzargin, which pool are you on and what period are you looking at?
Note that looking at a small number of payouts can give a skewed number, because you may see a few quick blocks and miss the large gap before from a long time waiting for a block...
The 3 Mh/s you are quoting should deliver about 24,000 coins per hour *average*.

Hi Maject,
The payouts to the miners will show if they get their expected shares. It is simple to calculate and compare.
Network hash rate is equal for all pools, so if one pool pays more for the same hash rate as another pool
over the same time period and it is long enough that luck is not an issue, then it becomes clear if a pool
has issues or is paying a fair share.
Good luck looking into the issues of your pool to find where the missing payouts went.

After dozens of blocks found, there is no such thing as luck - it is only a few percent that you can be away from avg by that time.
As I calculated before, you should get over 8 BEE per hour (at least, that is what I got mining from the start) so that means that your 5.7Mh/s should get you an average over the last 59 hours of more than 45,000 BEE per hour, more than 2.7M BEE total.

We have never encountered such an issue, and network hashrate is very unstable.

Our technical administrator are tracking this issue, He thinks this problem may be caused by delayed node.

Our other pools are normal.


- UPDAMOON.COM

40k per hour with 3mh seems actually very very good

40k/hour with 3mh seems legit, I'm thinking the pool software is just not accurate due to delay and myktipool switching?! 

I dunno tho I'm no math pro and too lazy to work it out on my phone.

The picture that you are showing supports the discussion that we are having about pools who are inflating their pool hash rate,
so they can pay out less and keep a good chunk of the money that should be payed out to miners for their work!
Updamoon and Idcray are the only two BEE pools that from time to time display a higher *pool* hash rate than the total *network* hash rate,
so this confirms the suspicion that their database is inflating the pool numbers (without adding more work).
Since the network hash rate is probably calculated from all the work returned (I am not sure, anybody can confirm?) you see that the network hash rate (actual work) is smaller than the inflated pool statistics.
The pool will not deliver more work, of course, but it will divide the incoming coins between the actual miners and the ghosts in their database
so the pool operator can keep up to half the combined income of all miners.
You draw your own conclusion from checking your payments - compare with the numbers that I have posted before and multiply with your own hash rate to see if you get what you should!

Unfortunately there is no way that I can imagine the block explorer has any data on this.
The scam from a pool can only be detected by actually checking in their database and by looking at payouts.
If the statistics are way off, then something is wrong, since a large pool with lots of blocks found must be very close to average.
The pool's scam is simply that they inflate their number of shares, so they pay out less per work done (since the inflated database
does not generate more work, only more empty shares), so the block finding rate stays the same from the active miners, but the
payouts are divided over the actual miners and the ghosts that only exist in the pool database.
This is visible from the pool hash rate and nr of shares not matching with the block finding time and rewards.
Your own rewards can be *calculated* from the network hash rate and your own hashing rate, that is the fraction of each block that
you should get, for example if your hash rate is 1/50,000 of network hash rate then you should get an average 2 coins for every block, so 4 coins per minute. (100k coins reward and 1/2 minute block time).
All this means that there is no way to *prove* that UpDaMoon is scamming, only that everyone (big and small hash rates) find that they get about half the expected payouts, while at other pools such as Steadymining the payout is as calculated.
I am with Steadymining since start: 57 hours and received 98k BEE with my 210kh/s so that is very close to 8 BEE per hour per kh/s.

My recommendation for pools like Updamoon (I have seen the same scam with other pools for other coins, incidentally Doge from which BEE is derived) is to add a *WARNING* to the first page of this announcement thread, stating that there are many confirmed reports that the payout from this pool does not match expectation.
That is probably all a miner needs to avoid that pool as the plague and we do not need to *prove* anything, just state what we have observed in our own experience.
Bee-coin, can you update the first page?

Can anyone share an opinion on the network hash here?

Nah, it's the estimated average that's wrong. At least IMO.

Is this due to multipools jumping on and off? but yeah that diff does jump around.

Guys this is day 2, this coin did not exist a couple of days ago. Remember, patience is a virtue and rewards those who wait. Beecoin has a strong and growing community with a fair launch and honest devs backing it.

In the meantime, grab an extra 1,000BEE at my giveaway

GIVEAWAY: http://altcoinauthority.com/2014/02/be-sure-not-to-miss-beecoin/

Look at cryptorush.io, it's on ground. I am wondering why sell this price, it's better to destroy wallet.

Pretty strange difficulty adjustment, AVG Next: 1, but actually it goes 13.

how much can be first price?