Topic: [ANN][POOL] ipoMiner - Profitable multipool targeting new coins + merged mining! - page 71. (Read 366235 times)

Thank you, this nuance was (is?) not clear on their btc talk thread... all I see is this:

Specifications:

PoW Stage:(Ends after block 20160)
April 30th - May 6th: PoW Mining Stage

PoW time: Around One Week
Algorithm: Scrypt PoW + PoS

Coins per block:
Code:
1: pre-mine
2 - 200: 1 UVC
201 - 1000: 300 UVC
1000 - 2000: 400 UVC
2000 - 3000: 500 UVC
3000 - 20160(the end): 1000 UVC

I've never seen concurrent POW+POS blocks during a POW phase.  Learn something new every day.

@schnauzr Often, coins will have POW mining and then switch to POS after POW ends, but UniversityCoin had concurrent POW+POS at the same time. Unfortunately, POS blocks appear the same in the wallet as POW blocks -- they both simply are listed as mined blocks called "generate". The only way to differentiate them is by analyzing the blockchain and checking the input/output.

On POS blocks, the input/output will be the same address, and a tiny bit of interest will be added on the output (input of 1000 coins, output of 1000.15 or something). Roughly 20% of blocks we credited to miners were actually POS blocks (758 out of 3915 blocks mined until we stopped crediting POS blocks incorrectly).

In an ELI5, the basic idea is that POS blocks take a given number of coins of yours, let's say 1000, and then return them to you in a new block with interest -- let's say 1000+0.15 interest, or 1000.15 coins. We were treating that as a new block of 1000.15 coins and crediting them to miners, when its actually a gain of only 0.15 coins.

Just getting caught up on all this UVC mess... I noticed my balance is very low for a full day of mining... must have been working off what i owed due to this pool's mistake. 

However, can someone clarify for me, I am not understanding how there are/were already POS blocks... I thought POS usually doesn't start until after POW, and POW is still ongoing... I tried to look at the UVC thread on bitcointalk and their blockchain explorer but I can't figure it out (sort of a newb when it comes to POW+POS) so I would appreciate an ELI5 on this.

Thanks.

Update on CINNI -- there wasn't a fork, our wallet was just stuck with an error which required being rebuilt. We've fixed the issue with it and payouts on CINNI have been resumed.

We haven't been able to sort out IVC yet, but we'll post an update on it when we have more info.

We've disabled the mining ports for IVC and BLU ports for now. BLU has been disabled by Bittrex after a suspected double spend attack, and IVC is currently forked.

Normally, we would reroute those direct ports internally to the multiport, but I have a feeling that would just confuse everyone further at the moment because of the issue of UVC overpayments.

Well said. You guys need to stop bitching. This shit happens all the time and it clearly is not ipominer's fault. Its funny how nobody says anything anytime a pool or exchange overpays due to a glitch. They gladly take the coins and run, but when they get caught or the problem is resolved and audits made to accounts everyone starts yelling SCAM!. Total bullshit. IPOMiner runs a great pool and you all need to get off your pitty pots and relax. If you have negative balances then send the coins that you know are not rightfully yours back!

First I not talk for CINNI
Second I too need to sleep.
Thirty I talk for notification way. When he have a time to write in the forum then have a time to send mass email to his users. He get 3% fees because offer more services and care for the coin and members. Else there have so much pool with 1% or even 0 that do not offer anything. Nobody ask the admin to not sleep and monitor everything but when he have a important information to send a simple email not just to write in the forum. The forum messages is not notification system. This is only for a discussion.

as for UVC problem I move my workers to mine them so will clear the negative balance. But I ask for a right notification way for every coin not only when admin pockets need to be refund especially when this is his own mistake not us.

Even more. When the admin find a problem with some coin just to close the port will be good. So the miners will switch to next coin and not will mine 7hr for nothing.

I'm in the negative with UVC now as I'd withdrawn and sold most of what I mined yesterday, and to pay back what I owe immediately I'd have to buy back the coins from an exchange for more than I received for them which makes it tricky, for the time being I'll just slowly mine them back.

However I'm not shouting "I've been robbed", the explanation is clear and I never mined those coins in the first place, it was a simple accounting error. Unfortunate and inconvenient yes, maybe it justifies a couple of days fee free mining in compensation but not giving out 20% of the multiport's total income for a couple of days.

Ha!  I had -1500 or more balance but I am not complaining.  Shit happens.  Down to -200 will be the positive side shortly again.  It all part of the risk. 

I really like this pool and hope that these people don't ruin it for the rest of us.
Please ipominer don't give up on the rest of us that support and recognise you guys, keep up the good work.

We're not babysitters, and sometimes we actually have to sleep.  You should be keeping track of the coins you mine.  It's very unlikely that any CINNI transactions will be lost in the fork as there are no new blocks to be mined (or more specifically, no new blocks to be orphaned by the fork)

It doesn't quite work that way in the real world.  This isn't a charity.  You get paid for the valid blocks that are found by the pool.  And given that there are dishonest people out there who won't send coins back, ipominer will likely have to cover some of these losses out of his own pocket already.

7 hours ago you send me last IVC. After this fork is happen? And you not send a letter to inform us to stop to mine. Just write here. You expect to be online in the forum nonstop?

I HAD 400k now I have 1k, 20% my ass you blatant thief.

You fucked up, not us. You should eat the cost.

I can understand why some people are upset.

While coin mining is indeed a "risk" and nothing is promised. The same goes for the business of owning/operation a pool.  It is also a risk... nothing is promised.

It is a little unfair to ask the miners to solely bear the brunt of a mistake made by the pool.

In the end, the coins were absolutely not "owed" to the miners... the coins never truly existed... That doesn't change the fact that the mistake was made by the pool, not the miners.  Asking for people to send back coins already withdrawn is tacky at best.

It probably would have been in the best interest of ipominer to "write off" the mistake as a loss and move one.

That would make all the miners feel good towards ipominer instead of a little put off by them.

If the pool can't take a loss like that, then it might be wise to be on top of everything and find issues before they become too big to cover.

I certainly wouldn't like to cover the loss as a pool owner/operator, but I would do it.  It's never a good idea to make someone else more responsible for your mistakes than yourself. That starts to harbor feelings of untrust and doubt.  Two things I don't want people to feel about my business. Just the way I see it. 

My opinion certainly isn't the only one... nor is it any more right or wrong than any other opinion... It is just one opinion among many.

This has been a pretty stable and profitable pool for when I haven't had my own ideas of what to mine. Good site.

Bluecoin has been disabled on Bittrex, suspected double spend attack, anyone mining that might want to stop for a bit.

My IVC withdrawal to Mintpal from yesterday went through eventually, dont know whether that means the fork has been resolved or not.

there is no problem.
from the information you told me in pm it sounds like you tried to send coins from old wallet to new wallet.
there was a hard fork at block 60k.
everyone knows about this because there were big red letters on the top of the op.
exchanges were notified and they upgraded.
this was long time ago.
there is nothing to worry about.

I had not mined much on ipominer so have only been impacted by about 24hrs of loss.
I agree with the need to rectify the loss. i think it is more the approach that has taken everyone by surprise e.g. seeing a negative account balance with no warning.
perhaps in future a warning email or post would help soften the blow.
ipominer is a great pool, and has shown some good profits