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Topic: [ANN][MULTIPOOL SERVICE] thepool.pw multipool (Read 9826 times)

sr. member
Activity: 364
Merit: 250
February 08, 2015, 08:02:53 AM
#66
I am very sorry to see the service go. Thank you for offering it as you did.


Thanks for your kind words, unfortunately we were not able to keep the service up due to the very low hash, and the lack of profitability of mining in general, much bigger pools had to close!

Last payout sent.
sr. member
Activity: 369
Merit: 250
I am very sorry to see the service go. Thank you for offering it as you did.
sr. member
Activity: 364
Merit: 250


We are sorry to announce the pools will be closed definitively on the next saturday at 6 am UTC. The last payout will be processed on sunday!


I'm very sorry to hear of this, on what day should we stop mining to the pool?

The stratums are set to be shutdown on saturday at 6 am UTC, so you can mine until that time, or use a failover pool so when they are shut down your miners will auto switch to the failover.
sr. member
Activity: 369
Merit: 250


We are sorry to announce the pools will be closed definitively on the next saturday at 6 am UTC. The last payout will be processed on sunday!


I'm very sorry to hear of this, on what day should we stop mining to the pool?
sr. member
Activity: 364
Merit: 250


We are sorry to announce the pools will be closed definitively on the next saturday at 6 am UTC. The last payout will be processed on sunday!

legendary
Activity: 1148
Merit: 1000
can you add nakamotodark? i'm looking for a multipool i hope you can make this
sr. member
Activity: 369
Merit: 250


Important announcement: Due to the very low hash on the pools lately,
the payouts will be processed every 2 or 3 days to lower the exchange fees.

Also, we are considering shutting down the pools completely due to the very low hash/profitability,
we have been running at loss for weeks now Sad


    Lowering the payout rate would be one way to reduce costs but you should consider auditing the pools with the least profitability/activity as well as which coins you are mining. One of this pool's drawbacks is the lack of information that is available and little communication. Your last post here was January 3rd and the last twitter announcement was on December 14th and that was to announcement a new pool. This sudden announcement that the pool has been in trouble for weeks is something that should have been brought up sooner. I don't mean to insinuate but the suddenness makes it sound like a scare tactic. I will indeed give you the benefit of the doubt that it is not though.

    What kind of costs are you running and what is the ideal hash rate that you think you need?

   

Not sure what more information is needed, but i think crucial information is given, except for maybe worker hash rate, but share are given instead, as hash rate can be very inaccurate, also the coins mined are among the most profitable and the pools have proven to be efficient when enough hash is put on them.

Regarding communication, I have been in touch in this thread with anyone asking questions or having issues. Also I have been announcing important news.

As for the costs, the server is a dedicated server costing $70 monthly, the pools now sell 0.1 to 0.14 btc daily, which at 2% fee and current btc rates is yielding around $20 monthly in fees. so we need quadruple the current hash just to cover hosting, let alone making any profit.

Finally issuing less payouts is not reducing my fees, but miners ones as less exchange and sending fees are deducted.

I think the problem with those pools have been the quick desertion of some coins supporters, when a pool is open for a new coin we get some hash, but it slowly fades away, not sure why.

Thanks for your concern.

Then it sounds like there is indeed a need for a coin activity audit. Perhaps solicit newer coins and give needed warnings to the less active ones.
sr. member
Activity: 364
Merit: 250


Important announcement: Due to the very low hash on the pools lately,
the payouts will be processed every 2 or 3 days to lower the exchange fees.

Also, we are considering shutting down the pools completely due to the very low hash/profitability,
we have been running at loss for weeks now Sad


    Lowering the payout rate would be one way to reduce costs but you should consider auditing the pools with the least profitability/activity as well as which coins you are mining. One of this pool's drawbacks is the lack of information that is available and little communication. Your last post here was January 3rd and the last twitter announcement was on December 14th and that was to announcement a new pool. This sudden announcement that the pool has been in trouble for weeks is something that should have been brought up sooner. I don't mean to insinuate but the suddenness makes it sound like a scare tactic. I will indeed give you the benefit of the doubt that it is not though.

    What kind of costs are you running and what is the ideal hash rate that you think you need?

   

Not sure what more information is needed, but i think crucial information is given, except for maybe worker hash rate, but share are given instead, as hash rate can be very inaccurate, also the coins mined are among the most profitable and the pools have proven to be efficient when enough hash is put on them.

Regarding communication, I have been in touch in this thread with anyone asking questions or having issues. Also I have been announcing important news.

As for the costs, the server is a dedicated server costing $70 monthly, the pools now sell 0.1 to 0.14 btc daily, which at 2% fee and current btc rates is yielding around $20 monthly in fees. so we need quadruple the current hash just to cover hosting, let alone making any profit.

Finally issuing less payouts is not reducing my fees, but miners ones as less exchange and sending fees are deducted.

I think the problem with those pools have been the quick desertion of some coins supporters, when a pool is open for a new coin we get some hash, but it slowly fades away, not sure why.

Thanks for your concern.
sr. member
Activity: 369
Merit: 250


Important announcement: Due to the very low hash on the pools lately,
the payouts will be processed every 2 or 3 days to lower the exchange fees.

Also, we are considering shutting down the pools completely due to the very low hash/profitability,
we have been running at loss for weeks now Sad


    Lowering the payout rate would be one way to reduce costs but you should consider auditing the pools with the least profitability/activity as well as which coins you are mining. One of this pool's drawbacks is the lack of information that is available and little communication. Your last post here was January 3rd and the last twitter announcement was on December 14th and that was to announcement a new pool. This sudden announcement that the pool has been in trouble for weeks is something that should have been brought up sooner. I don't mean to insinuate but the suddenness makes it sound like a scare tactic. I will indeed give you the benefit of the doubt that it is not though.

    What kind of costs are you running and what is the ideal hash rate that you think you need?

   
sr. member
Activity: 364
Merit: 250


Important announcement: Due to the very low hash on the pools lately,
the payouts will be processed every 2 or 3 days to lower the exchange fees.

Also, we are considering shutting down the pools completely due to the very low hash/profitability,
we have been running at loss for weeks now Sad

sr. member
Activity: 369
Merit: 250
I am planning on acquiring some more mining equipment within the next few weeks. Are there any pitfalls to watch out for when pointing more than one miner to a single payout address on the same algorithm? At the moment I have found no issues but I just want to be sure.

Using a single address with multiple miners is totally fine.

OK, thank you.
sr. member
Activity: 364
Merit: 250
I am planning on acquiring some more mining equipment within the next few weeks. Are there any pitfalls to watch out for when pointing more than one miner to a single payout address on the same algorithm? At the moment I have found no issues but I just want to be sure.

Using a single address with multiple miners is totally fine.
sr. member
Activity: 369
Merit: 250
I am planning on acquiring some more mining equipment within the next few weeks. Are there any pitfalls to watch out for when pointing more than one miner to a single payout address on the same algorithm? At the moment I have found no issues but I just want to be sure.
sr. member
Activity: 364
Merit: 250
Ok i think i found the problem. Trying to fix. Ty.

The transactions show on the block explorer: http://tek.blockchain.lt/tx/faac5eab49e46c0149c24038b26a9c28f1646e5d5ab1ba9cf065061cdea1c228

Please try redownloading the blockchain.
sr. member
Activity: 364
Merit: 250
Im having a problem.  Sad Ive been mining for a few days on http://thepool.pw/TEK. Says that im recieving payment on the website but in my wallet nothing has ever came in. Nothing received... What is the problem?

Please make sure you are on the right TEK fork and using the latest version!
sr. member
Activity: 364
Merit: 250
Is it possible to request payment in a different coin if the FOOD blockchain does not get fixed? I have been staking it for the networks health but hopefully it is only a temporary issue.

FOOD blockchain is moving again, payouts sent!
sr. member
Activity: 369
Merit: 250
Is it possible to request payment in a different coin if the FOOD blockchain does not get fixed? I have been staking it for the networks health but hopefully it is only a temporary issue.
sr. member
Activity: 364
Merit: 250
Scrypt-N port now closed due to the low profitability/volume of the scrypt-n coins after vertcoin switched to new algo!
legendary
Activity: 938
Merit: 1000
TEK multipool is up at: http://thepool.pw/TEK/

Thank you,

Pool was up fast and is working great!
sr. member
Activity: 364
Merit: 250
TEK multipool is up at: http://thepool.pw/TEK/
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