Topic: Bitcoin, BitcoinCash, Litecoin Stratum Mining Pool - http://otherbcrypto.com (Read 516 times)

Well for clarification I am the pool operator of http://atom.otherb.com
I have two Bitmain Antminer T9s pointed at the pool
Here is a screenshot from the configuration file to show there are no transaction fees and 1 BTC bonus

http://otherb.com/atom/txfee.jpg

We have a verdict! Good luck with your fake'y project ;]

3 BTC now?  lolol....what a scam.

I found this hilarious too, from his own FAQ page:

anyone notice the site now states that block reward is 3 BTC ?

edit: nvm I now see he has changed the thread to say 3 btc as well - his prior posts all stated 1 BTC block reward.

1. you are a newbie
2. no proof of you are beeing legit or not
3. why should I open up an account when a simple btc-address is enough for most other pools
4. all the other points stated before from various board members

we had some sort of newbie here in the past:

https://bitcointalksearch.org/topic/m.9702079
or
https://bitcointalksearch.org/topic/20-ths-new-pool-future-pplns-1-bitcoin-bonus-beastbtccom-1113359

we had enough from such pools

Still unreal.
Your BTC Talk account is not convincing as well.
Even for me, a "newbie"

Yes, you're keeping any and all transaction fees from the block....the block finder gets 1 BTC plus whatever they would have made, and everyone else splits the 11.5 - the original finder's slice.

BTW, do you have more than one person using your forum account, or do you as the pool operator only have two T9's pointed at your own pool?

You're wasting your time guys.

Why the op would expect anyone to trust their hash and potential coin to a pool operator who doesn't even understand the basics of bitcoin is beyond me.

Once again, folks are NOT talking about transaction fees an operator might charge to withdraw earnings from your pool.
They are talking about the Tx fees that are part of the block solved. Those are the fees we pay to establish the transaction priority anytime you buy/sell/spend BTC. For miners those Tx fees are added to the 12.5 BTC finder reward.

Please ref Why all miners need to mine on a pool that pays them the tx fees at the top of this section...
edit: fixed link

A small suggestion, work on your "business demeanor" if you intend to attract users to your pool. For 1 you are not an established member or personality within the BTC environment from what I can tell. You show up with a new pool, which can be a great thing as competition is healthy. Unfortunately you are doing a piss poor job of explaining your business model, and are lashing out because of it.

I do not make a habit of following peoples links so your OP should have been filled with more information, in a way that there would only be a few questions, the rest of the replies would be criticisms or compliments if done correctly.

So to clarify:

A mined block currently has 12.5 BTC, plus the Miner Rewards which are the transaction fees for all transactions processed. This is what Riffleman is referring to when he mentions your pool plans on keeping transaction fees.

Your 1 BTC block finder bonus, really isn't that. You are taking 8% of the pools total reward and giving it to the block finder. So the pool isn't providing a bonus it is reducing rewards from the other miners to reward the block finder. To properly be a bonus this should be your 1 btc being put up as a reward. There are pools that currently do this.

What you are referring to is that you have no withdrawal fees for removing mined rewards. And that you have no pool fees for miners. Both are good things in a pool, but most people feel a pool charging a small fee makes sense as they need to keep the infrastructure operational.

Your plan and setup is more reminiscent of some of the altcoin pools I've seen.

People are going to be skeptical of any new pool that seems to good to be true, because on the off chance this small pool finds a block, they need to trust you will pay out the rewards.

You do understand that there are transaction fees in blocks?  It is rare (unless you're antpoo) to have a block with 0 transaction fees.   The pool keeps these by your own statement.

Good luck keeping this pool up and running!

So finder gets 1 extra BTC plus what they would have made....rest of the pool splits roughly 11.5 BTC, you keep the transaction fees.  

No thanks

transaction fees = the pool only splits the 12.5 BTC  anything else is kept by the pool.

That sounds too good.. No fees? 1 BTC bonus?

One must assume that we can use any btc wallet address right?
Or, are you requiring users to get one through you?

http://otherbcrypto.com - List of otherb crytocurrency pools, wallet (withdraw, deposit)
http://coin.otherb.com - Cryptocurrency Data
----------------------------------------------------------
sha256d
-----------
http://btc.otherbpool.com or http://167.71.173.139 - Bitcoin Stratum Mining Pool
http://bch.otherbpool.com or http://157.245.142.248 - BitcoinCash Stratum Mining Pool
------------------------------------------------------------------------------
scrypt
--------
http://ltc.otherbpool.com or http://157.245.141.134 - LItecoin Stratum Mining Pool
-----------------------------------------------------------------------
Sign up for an account, point your mining equipment to the stratum port.
Edit your profile add a payout address.
This pool is set at: prop: Proportional payout system
------------------------------------------------------------------