[ANN][POOL][VARDIFF] Coin Catcher beta launch - profit switching scrypt pool - page 3.

bluemist

member

Activity: 67

Merit: 10

Quote from: robelneo on February 24, 2014, 10:02:20 AM

Quote from: bluemist on February 24, 2014, 09:02:55 AM

We've added bonuses to everyone's balances due to the payout issues. The bug is now fixed - thanks for being involved with the launch!

bonuses to everyone Huh

?? my stat is still showing zero and when I access the miners link some of them are also showing zero on their stat ..Is this stat for real or there is still a bug?? Shocked

What's your username or BTC payout address? I'll check it out.

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: bluemist on February 24, 2014, 09:02:55 AM

We've added bonuses to everyone's balances due to the payout issues. The bug is now fixed - thanks for being involved with the launch!

bonuses to everyone Huh

?? my stat is still showing zero and when I access the miners link some of them are also showing zero on their stat ..Is this stat for real or there is still a bug?? Shocked

bluemist

member

Activity: 67

Merit: 10

Quote from: yslyung on February 24, 2014, 09:21:39 AM

2.4% total is a bit steep imo. maybe a revision ? currently hashing @ 2 different pools. will give it a try after 18 hrs later. have only 2 rigs atm 8mhs+. will we watching this space. bts, the layout is nice, simple & clean. keep up the good work.

Thanks - glad you like the layout!

I appreciate what you're saying about the fees. They are 0% for the beta period while we're still establishing ourselves. Once we come out of beta we plan on using the revenue generated to continue development and for staffing costs in order to offer the best level of service possible.

Would be great to see you on the pool, and cheers for the feedback.

yslyung

legendary

Activity: 1500

Merit: 1002

Mine Mine Mine

2.4% total is a bit steep imo. maybe a revision ? currently hashing @ 2 different pools. will give it a try after 18 hrs later. have only 2 rigs atm 8mhs+. will we watching this space. bts, the layout is nice, simple & clean. keep up the good work.

bluemist

member

Activity: 67

Merit: 10

We've added bonuses to everyone's balances due to the payout issues. The bug is now fixed - thanks for being involved with the launch!

bluemist

member

Activity: 67

Merit: 10

A few updates

- We've modified our algorithm to switch coins every 20 minutes instead of once an hour. You should start to see an increase in payouts.

- We also tracked down a bug with the proportional payout system that was contributing to the low earnings. This has been fixed and we'll be applying bonus BTC to all users today to compensate.

- New 'Latest Blocks' page added. You can view this here: http://www.coincatcher.net/blocks

Profitability is our main focus at the moment and we will continue to monitor and improve it. Please check back here for more updates.

bluemist

member

Activity: 67

Merit: 10

Stats have now resumed. Thanks for your patience

bluemist

member

Activity: 67

Merit: 10

Quote from: robelneo on February 24, 2014, 06:51:32 AM

this is my first time to mine on this pool and I mine for 2 hour as trial but my stats still showing zero and it's been 5 hours
how long will they update the stat..

Sorry we're just fixing a small issue with one of the coins and have had to pause the stats. We will update them as soon as possible

robelneo

legendary

Activity: 3416

Merit: 1225

this is my first time to mine on this pool and I mine for 2 hour as trial but my stats still showing zero and it's been 5 hours
how long will they update the stat..

bluemist

member

Activity: 67

Merit: 10

Quote from: Zels on February 23, 2014, 11:21:49 PM

An other question Wink

:

Do u plan to let us choose to auto trade coin, or keep them.
Like hashcow do, we choose wich coin are traded to btc, and wich one we keep untraded.

Hey Zels,

It's on our list of possible features at the moment; if we get a lot of requests we'll give it a go. Thanks

NameTaken

hero member

Activity: 630

Merit: 502

Quote from: bluemist on February 24, 2014, 05:23:18 AM

Quote from: NameTaken on February 23, 2014, 10:14:36 PM

I have stopped mining on one of my account and the total have stabilized for awhile now. Worked out to an average of 0.00027895 BTC/MH/Hour. I think this pool have great potential and would encourage bluemist to keep up the hard work.

Hey NameTaken, thank for your feedback.

0.00027895 per MH/hour works out at around 0.0066948 per MH/day.

The latest estimation was 0.01045525 per MH day (0.00043564 per MH hour) so you earned around 64% of this.

A couple of things to bear in mind -

- You were mining within the first few hours of the pool's beta when we were still establishing the pool's hashrate.
- Due to variance, we can only really get an accurate reading over 24 hours

We realise that payouts are lower than expected and are working on our switching algorithm at the moment. Please bear with us while we improve the profitability.

Should the payouts over a 24 hour period remain low, we'll definitely consider giving bonus payments to our active members - to say thank you for sticking around for the difficult part

Yes, I understand this is just the first day of the beta so things can only get better from here.

bluemist

member

Activity: 67

Merit: 10

Quote from: NameTaken on February 23, 2014, 10:14:36 PM

I have stopped mining on one of my account and the total have stabilized for awhile now. Worked out to an average of 0.00027895 BTC/MH/Hour. I think this pool have great potential and would encourage bluemist to keep up the hard work.

Hey NameTaken, thank for your feedback.

0.00027895 per MH/hour works out at around 0.0066948 per MH/day.

The latest estimation was 0.01045525 per MH day (0.00043564 per MH hour) so you earned around 64% of this.

A couple of things to bear in mind -

- You were mining within the first few hours of the pool's beta when we were still establishing the pool's hashrate.
- Due to variance, we can only really get an accurate reading over 24 hours

We realise that payouts are lower than expected and are working on our switching algorithm at the moment. Please bear with us while we improve the profitability.

Should the payouts over a 24 hour period remain low, we'll definitely consider giving bonus payments to our active members - to say thank you for sticking around for the difficult part

Zels

full member

Activity: 203

Merit: 100

An other question Wink

:

Do u plan to let us choose to auto trade coin, or keep them.
Like hashcow do, we choose wich coin are traded to btc, and wich one we keep untraded.

NameTaken

hero member

Activity: 630

Merit: 502

I have stopped mining on one of my account and the total have stabilized for awhile now. Worked out to an average of 0.00027895 BTC/MH/Hour. I think this pool have great potential and would encourage bluemist to keep up the hard work.

NameTaken

hero member

Activity: 630

Merit: 502

Quote from: majeis on February 23, 2014, 08:36:28 PM

Quote from: NameTaken on February 23, 2014, 07:21:44 PM

Not 28.5% of the day or 24 hours, 28.5% of 0.000525 BTC/MH/hour.

Use better syntax and context.

I'm assuming you meaning that .000525 is the 28.5% you generated ---> "28.5% of 0.000525 BTC/MH/hour."

Also, variance. Again.

Take 24+ hours and check later.

0.0126 BTC/MH/day / 24 hours = 0.000525 BTC/MH/hour.

I will continue to mine then stop and wait for the converted to balance before calculating the average BTC/MH/Hour.

bluemist

member

Activity: 67

Merit: 10

Quote from: -droid- on February 23, 2014, 08:06:53 PM

would be cool to have a bonus system.. like a random miner gets a bonus each payout proportionally based on their contribution

During the zero fee period it's going to be tricky to offer additional bonuses, but after launch there is definitely scope for bonuses & rewards. Thanks for all your feedback - it's really valuable.

bluemist

member

Activity: 67

Merit: 10

Quote from: Zels on February 23, 2014, 08:06:08 PM

Will you add other location, like Eu/asia ?

For the beta period we are sticking to a single server in the US, but once we launch and start to scale the system we will be adding servers in more countries, most likely starting with eu-west (Ireland).

bluemist

member

Activity: 67

Merit: 10

Quote from: NameTaken on February 23, 2014, 07:21:44 PM

Low rejection rate of 1% is good but after mining for 4+ hours, I've only generated 28.5% of the estimated 0.0126 BTC/MH/day.

This is unusually low - I'll look into it properly. The balances do not show up immediately so this - along with variance - is probably playing a significant part when calculating over just a few hours. I had a quick look and the percentage seems to have increased now (when factoring in the lag). In theory as the hashrate increases the pool should become more profitable every hour due to solving blocks more consistently.

I think that the earnings estimation algo needs a bit of tuning, and that while we're still at a relatively low hashrate the actual earnings will fluctuate somewhat. As we're on day 1, the estimation can't take real earnings into account (currently it's based on best case probability) but once we have a couple of days worth of stats it can start factoring them in.

We decided to do the zero fee public beta for reasons such as this one. We'll be closely monitoring and improving profitability and estimations over the coming days now that the hash rate is increasing.

Please keep me updated! Thanks

majeis

sr. member

Activity: 448

Merit: 250

Quote from: NameTaken on February 23, 2014, 07:21:44 PM

Not 28.5% of the day or 24 hours, 28.5% of 0.000525 BTC/MH/hour.

Use better syntax and context.

I'm assuming you meaning that .000525 is the 28.5% you generated ---> "28.5% of 0.000525 BTC/MH/hour."

Also, variance. Again.

Take 24+ hours and check later.

NameTaken

hero member

Activity: 630

Merit: 502

Quote from: majeis on February 23, 2014, 08:21:30 PM

Quote from: NameTaken on February 23, 2014, 07:21:44 PM

Low rejection rate of 1% is good but after mining for 4+ hours, I've only generated 28.5% of the estimated 0.0126 BTC/MH/day.

This sounds like a negative comment from the wording, but your math shows that you're performing above average :/

4+ hours? Say 5 for an example.

5/24 = 20.8333%

You've generated 28.5%. That's ~7.667% over the projected stats.

Also, you ever hear of variance?

Not 28.5% of the day or 24 hours, 28.5% of 0.000525 BTC/MH/hour.

Topic: [ANN][POOL][VARDIFF] Coin Catcher beta launch - profit switching scrypt pool - page 3. (Read 6079 times)