[BitAffNet] How we're the #1 Bitcoin Mining Pool In The World (or so we thought) - page 18.

aurel57

legendary

Activity: 1232

Merit: 1000

Quote from: stonerider on March 19, 2015, 03:38:45 PM

It looks bad.

"Our combined oustanding balance in queue to be paid is 110.95293195 Bitcoin.
There are 1 mined blocks waiting to mature, totalling 25 Bitcoin"

^^^^
Directly from their site.

They owe over 110 coins, while only 25 coins are available.

Yes if true that does not look good. I have moved my miners many times as not to have much at risk.

stonerider

full member

Activity: 224

Merit: 100

It looks bad.

"Our combined oustanding balance in queue to be paid is 110.95293195 Bitcoin.
There are 1 mined blocks waiting to mature, totalling 25 Bitcoin"

^^^^
Directly from their site.

They owe over 110 coins, while only 25 coins are available.

aurel57

legendary

Activity: 1232

Merit: 1000

Quote from: aurel57 on March 19, 2015, 03:17:40 AM

Quote from: Marvell1 on March 19, 2015, 02:49:17 AM

I got payouts on the 17th but nothing since then anyone else ?

Same here:

Current Time 2015-03-19 04:13:09
Last Payout Time 2015-03-17 20:01:15

Not sure why after that good run of blocks? It makes you wonder whats going to happen with a long string of bad luck?

I moved my miners to another pool ...again Undecided

I also will be out of the country till next weekend so we'll see how the payments are when I get back.

stonerider

full member

Activity: 224

Merit: 100

^^^^^^
Can you share your reasons? Please, I'm very curious to know.

Swimmer63

legendary

Activity: 1593

Merit: 1004

Quote from: stonerider on March 19, 2015, 01:07:34 PM

Why do you mine on a pool that's so unreliable when it comes to paying out? Aren't you afraid the pool operator will run with all your coins? It wouldn't be the first time it happened and it won't be the last time it happened. I guess there's a sucker born every minute.

It's a risk I accept and have my reasons. But yes, it is a risk.

stonerider

full member

Activity: 224

Merit: 100

Why do you mine on a pool that's so unreliable when it comes to paying out? Aren't you afraid the pool operator will run with all your coins? It wouldn't be the first time it happened and it won't be the last time it happened. I guess there's a sucker born every minute.

no141

sr. member

Activity: 294

Merit: 250

We are in a patch of bad luck now, but I'm sure things will turn around and everyone will be paid asap. I like everyone else, was paid last on the 17th, 5 hours before my local midnight. The pool has paid nothing out in the last 24 hours, but did pay out 69.02355119BTC in the last 3 days. There is one block that will confirm in 35 blocks.

I don't understand why someone else running a pool, is so negative towards this one. I really don't want to be associated with someone like that. You aren't protecting us from anything. Show us we can earn more with you, in your own thread, not here.

aurel57

legendary

Activity: 1232

Merit: 1000

Quote from: lobogil on March 19, 2015, 06:16:58 AM

Quote from: Marvell1 on March 19, 2015, 02:49:17 AM

I got payouts on the 17th but nothing since then anyone else ?

According to the OP on the first page of this thread:

Quote from: s0br on November 11, 2014, 01:33:54 AM

Payment System: PPS + 10% Bonus.
Payment Intervals: 1,2,4,8,12,24 hours.

Two lies in two sentences? Cheesy

Moderators should do something.

Actually those 2 points are valid and s0br should change it.

yslyung

legendary

Activity: 1500

Merit: 1002

Mine Mine Mine

i like your trust rating, lets go read and see why it's all redin color

same here, over 35 hrs since last payout

lobogil

member

Activity: 62

Merit: 10

Quote from: Marvell1 on March 19, 2015, 02:49:17 AM

I got payouts on the 17th but nothing since then anyone else ?

According to the OP on the first page of this thread:

Quote from: s0br on November 11, 2014, 01:33:54 AM

Payment System: PPS + 10% Bonus.
Payment Intervals: 1,2,4,8,12,24 hours.

Two lies in two sentences? Cheesy

Moderators should do something.

aurel57

legendary

Activity: 1232

Merit: 1000

Quote from: Marvell1 on March 19, 2015, 02:49:17 AM

I got payouts on the 17th but nothing since then anyone else ?

Same here:

Current Time 2015-03-19 04:13:09
Last Payout Time 2015-03-17 20:01:15

Not sure why after that good run of blocks? It makes you wonder whats going to happen with a long string of bad luck?

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

I got payouts on the 17th but nothing since then anyone else ?

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Quote from: bbeesley on March 17, 2015, 10:10:14 PM

Quote from: kano on March 17, 2015, 09:43:40 PM

All PPS pools will eventually payout more than it mines if paying a 0% bonus, let alone a higher one.
There is a reason why PPS pools charge a fee and need a sizeable balance

I am confused about the first point...statistically speaking, over a period of time the luck should even out and even a PPS pool will "break even" yes?

the second point I understand...as we have experienced first hand, the pool needs to have a pretty good buffer to get over the unlucky humps

Let me expand a bit on kano's answer for you.

Statistically speaking, over time a PPS pool will be under 100% luck. Why? Orphans. Every pool, no matter how well connected to the network is in a race with every other pool to submit a block to the chain. Sometimes you're gonna lose that race. So, if you discount the race, then over time you'd expect a 100% average luck. Because of the race, you'd expect a less than 100% luck average over time.

That's why PPS pools typically charge fees - to cover the expected loss over time. Without those fees, then the coverage must come from the pool operator's pockets.

Quote from: kano on March 18, 2015, 12:26:38 AM

The Sun God is a fun God Ra Ra Ra

I almost spit my coffee onto my laptop... too funny!

IYFTech

hero member

Activity: 686

Merit: 500

WANTED: Active dev to fix & re-write p2pool in C

Quote from: stonerider on March 18, 2015, 07:23:02 AM

I, like many knowledgeable members on this forum, believe and trust in Kano. I will never point my miners at BAN. Ever.

Stone

+100!

Not only is his knowledge & understanding of Bitcoin undeniable, but the work he & ck do for the community is legendary. One simply has to look at his pool thread to see that he is trustworthy, open & transparent with anyone & everyone who asks a question, with all payments being on time & constant updates as to the running of his pool - which absolutely can't be said for this pool/thread.

I will only mine at a pool that I trust, has a clean reputation, pays on time & is open & transparent. S0br/BAN fails in every department.

stonerider

full member

Activity: 224

Merit: 100

Quote from: kano on March 18, 2015, 12:26:38 AM

Quote from: yslyung on March 17, 2015, 11:31:39 PM

Quote from: kano on March 17, 2015, 10:48:52 PM

Quote from: bbeesley on March 17, 2015, 10:10:14 PM

Quote from: kano on March 17, 2015, 09:43:40 PM

All PPS pools will eventually payout more than it mines if paying a 0% bonus, let alone a higher one.
There is a reason why PPS pools charge a fee and need a sizeable balance

I am confused about the first point...statistically speaking, over a period of time the luck should even out and even a PPS pool will "break even" yes?

...

No

all hail kano ! kano the best, kano knows it all , all go mine at kano's pool, one and only kano, kano the great, kano says p2pool no good, pps no good, nothing is good except kano ?

The Sun God is a fun God Ra Ra Ra

I, like many knowledgeable members on this forum, believe and trust in Kano. I will never point my miners at BAN. Ever.

Stone

aurel57

legendary

Activity: 1232

Merit: 1000

Quote from: aurel57 on March 17, 2015, 04:29:19 PM

After all the blocks the pool found in the last few days and all being confirmed...not sure why the payments are not coming thru in a timely fashion??

Was paid in full again last night and still have another 4 hours to go till next payment is due.

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: yslyung on March 17, 2015, 11:31:39 PM

Quote from: kano on March 17, 2015, 10:48:52 PM

Quote from: bbeesley on March 17, 2015, 10:10:14 PM

Quote from: kano on March 17, 2015, 09:43:40 PM

All PPS pools will eventually payout more than it mines if paying a 0% bonus, let alone a higher one.
There is a reason why PPS pools charge a fee and need a sizeable balance

I am confused about the first point...statistically speaking, over a period of time the luck should even out and even a PPS pool will "break even" yes?

...

No

all hail kano ! kano the best, kano knows it all , all go mine at kano's pool, one and only kano, kano the great, kano says p2pool no good, pps no good, nothing is good except kano ?

The Sun God is a fun God Ra Ra Ra

yslyung

legendary

Activity: 1500

Merit: 1002

Mine Mine Mine

Quote from: kano on March 17, 2015, 10:48:52 PM

Quote from: bbeesley on March 17, 2015, 10:10:14 PM

Quote from: kano on March 17, 2015, 09:43:40 PM

All PPS pools will eventually payout more than it mines if paying a 0% bonus, let alone a higher one.
There is a reason why PPS pools charge a fee and need a sizeable balance

I am confused about the first point...statistically speaking, over a period of time the luck should even out and even a PPS pool will "break even" yes?

...

No

all hail kano ! kano the best, kano knows it all , all go mine at kano's pool, one and only kano, kano the great, kano says p2pool no good, pps no good, nothing is good except kano ?

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: bbeesley on March 17, 2015, 10:10:14 PM

Quote from: kano on March 17, 2015, 09:43:40 PM

All PPS pools will eventually payout more than it mines if paying a 0% bonus, let alone a higher one.
There is a reason why PPS pools charge a fee and need a sizeable balance

I am confused about the first point...statistically speaking, over a period of time the luck should even out and even a PPS pool will "break even" yes?

...

No

bbeesley

full member

Activity: 121

Merit: 100

Quote from: kano on March 17, 2015, 09:43:40 PM

All PPS pools will eventually payout more than it mines if paying a 0% bonus, let alone a higher one.
There is a reason why PPS pools charge a fee and need a sizeable balance

I am confused about the first point...statistically speaking, over a period of time the luck should even out and even a PPS pool will "break even" yes?

the second point I understand...as we have experienced first hand, the pool needs to have a pretty good buffer to get over the unlucky humps

Topic: [BitAffNet] How we're the #1 Bitcoin Mining Pool In The World (or so we thought) - page 18. (Read 99088 times)