Topic: blackcoinpool.com kicks ass (Read 3378 times)

yeah, after 6 hours mining and my average hashrate is showing 60% of my actual rate, what is taking it so long?

I have been using the BC multipool as well as mining other coins since day 1.  The multipool has improved significantly its performance and on the average they can do a pretty decent job.  If you am jumping form one profitable coin to the next looking at charts and what is hot for the next few hours you can do better than multipool.  The statics shown on their graphs are not accurate but the reality of their high performance speak for itself.

If you are mining with a big farm looking to get the most BTC and have the time to scan for the hottest and latest coin every couple of hours then you should not aim at multipool.  You can probably beat multipool profits by a 5 to 15 %.

If you are an average miner like myself then multipool is a very good choice since I dont have the time to look for the latest and greatest coin.  My interest is to mine for BC and hold.

BTW a scam is what is happening today with all of the new shit coins that copy BC code and add unfounded fluff.  Calling BC multipool a scam is totally wrong.

I understand that, but it's really a flawed system that's complicated by many variables complicated by the fact that they publish an earnings estimate even before they've paid out in bc - not my cup of tea...

in all honesty you can't publish an earnings estimate on the fly hen the price and difficulty vary every few minutes fro "secret coins" and the price varies for BC minute by minute.

Hi, the estimate could be correct as the pool buys BC 24/7. You can measure the average BC price during this interval to see if the payout was or was not incorrect.

On June 20, the BC price fluctuated between 22 and 27k. It would be helpful, perhaps if the pool shows the BC payout instead of the BTC one.

I hope you realize that I never meant to imply the pool is a scam and I never said that either - I simply stated that your daily earning estimates are incorrect and inflated.

I am not sure is this is intentional or not - only you would know that, but I do know that steps should be taken to correct this problem, otherwise there will be more comments like my own from other pool participants if they took the time to examine their earnings.

lol 'misunderstanding'

Black Coin Pool is not a scam. Nor is anything to do with Black Coin a scam. I am a developer there, and I am on IRC 24/7 and answering support tickets on the pool itself. I was looking into this issue as I came across this thread

There are many things to consider, for one, BCP is a multipool. There are no Black Coins left to mine as it is pure POS. We mine different coins which we calculate to be the most profitable and sell them to buy BC to pay out miners in, just as other multipools do.
Doing this takes some time, and payouts are generally once every 24 hours. Also, they are not the same time for different algos. Say the SHA payout and the x11 payout may be at different times.

Another thing to consider is the donation slider in account over view. Some people are donating to the pool, the developers, or the black shield project. Generally this is set at 2% automatically, but you can adjust accordingly. So the donations are not being paid out in that calculation.

Also consider this, the pool calculates the payout average for the day, we pay out once a day, and say the scrypt payout happens after or before midnight or the day change. This could swing that calculation as well. It may show less paid out that day because one algo's payout happened a few min after midnight or into the next day, or vise versa.

We have an IRC channel on freenode #blackcoinpool where myself, or someone is there 24/7 answering and helping with all issues. I assure you I will look into this further, but I'm sure it's a simple error in how the stats are being displayed via time, read, or a frontend issue.

We are not skimming or scamming anything, Black Coin is a legitamate coin with top 10 market cap. We have many developers and projects such as Black Halo and Night Trader, a PR team, and many things in the works.

This is a simple misunderstanding that I will look into further. Sorry late getting to this, I do not frequent these forums as I am always on IRC or answering support tickets, or codeing :-) 

Another scam in altcoin world, nothing new. 

same here 

You're right.

I've been mining at blackcoinpool for 2 days and I've got way less than it should have been according to their reported results.
Simple solution, I don't mine there anymore.

 

The people who programmed Blackcoin pool are mispresenting the facts - their reported results are not true - here's proof

On June 20 they show .001307 BTC/Mr Profitability on their site

but yet they only paid out 743 BC and according to their charts they should have paid me 843 BC

Even if I took the top paying amount for BC on the 20th of June it was: .00026897 X 743 BC = .1998447 BTC

.1998447 BTC / 177MH = .001129 BTC/MH

the facts and charts prove it - do not believe what you see on their site - it's a fabrication.

The difference between .001307 and .001129 may appear small but it's the differerence between making $138/day and only making $119/day and that's a 15% difference

they are fabricating their returns

 here's the proof

That 300 MH/s KNC system isn't guaranteed to be here by August.  Maybe it will be.  They have a 150 MH/s for 5k if that happens.  At the time of the contest they will do whatever $5900 is worth for a miner, so it won't necessarily be the same hash speed, but it won't be 84 MH either.  That's just me deducing what is written above.   

So instead of a 300 MH system now the prizes all together tally up to 84 MH. That's an improvement? I'm surprised people actually said they'd favor this.

keep it rolling guys

http://www.dailyblackcoin.com/blackcoinpool-com-translators-needed/

Translators wanted for non-english speakers

Yes, get now, just waiting two days.

Yeah, the payouts are just delayed for almost a day or so from the time the mining is done. But they come out regularly.

I get paid every day so I'm not sure whats your problem