[Closed] Pure PPS Bonus - CoinSauce - Instant Payouts - 2 Step Sign Up - page 8.

BasementMiner!

member

Activity: 109

Merit: 10

Quote from: Tittiez on June 18, 2012, 08:41:51 PM

Quote from: BasementMiner! on June 18, 2012, 08:38:48 PM

Hi, we are a proxy pool that relays validated miner requests to other pools. We don't need to worry about variance that pools with low hash rates suffer.

In the event the pool we are proxying finds an orphan (or multiple), we will still be able to pay our miners without problem from my funds and the pool's fees.

So your hopping? Or are you trying the same venture as ABCPool?

There are little pools left that offer proportional payouts, so hopping is not really possible.

Yes, correct we work in the same way as ABCPool, but we have a much more simpler interface. Our backend is powered by Node.js, perfect for network applications such as CoinSauce.

Give us a try, you even get paid to do it! If you don't like us thats fine, you can cashout when you hit .05.

In the end, it's about giving the user steady and predictable payouts at a low cost.

Tittiez

hero member

Activity: 686

Merit: 500

Quote from: BasementMiner! on June 18, 2012, 08:38:48 PM

Hi, we are a proxy pool that relays validated miner requests to other pools. We don't need to worry about variance that pools with low hash rates suffer.

In the event the pool we are proxying finds an orphan (or multiple), we will still be able to pay our miners without problem from my funds and the pool's fees.

So your hopping? Or are you trying the same venture as ABCPool?

BasementMiner!

member

Activity: 109

Merit: 10

Quote from: Tittiez on June 18, 2012, 08:34:02 PM

Hmm, Merged Mining?

No, unfortunately you only get paid per share in Bitcoins.

BasementMiner!

member

Activity: 109

Merit: 10

Quote from: rjk on June 18, 2012, 08:29:00 PM

How can you possibly account for luck with such a low fee? Do you have 10+k in storage to pay out during times of inevitable bad luck?

Hi, we are a proxy pool that relays validated miner requests to other pools. We don't need to worry about variance that pools with low hash rates suffer.

In the event the pool we are proxying finds an orphan (or multiple), we will still be able to pay our miners without problem from my funds and the pool's fees.

Tittiez

hero member

Activity: 686

Merit: 500

Hmm, Merged Mining?

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

How can you possibly account for luck with such a low fee? Do you have 10+k in storage to pay out during times of inevitable bad luck?

BasementMiner!

member

Activity: 109

Merit: 10

Quote from: terrytibbs on June 18, 2012, 08:24:50 PM

You can't seriously come waltzing in here with no reputation of being reliable to speak of and expect to be able to charge a fee from the get-go and get away with it?

Hi, we're sorry for having too little reputation. Thats why we offer instant payouts.
Although that doesn't help a lot with the trust, you be able to cash out immediately. I'll will strive to answer any additional questions the community has.

~~I have lowered the minimum payout to .01. You can cashout sooner.~~
Edit: As a second thought, this will create 5x more transactions in the user's wallet (at the worst) and thus creating more bloat.

terrytibbs

hero member

Activity: 560

Merit: 501

You can't seriously come waltzing in here with no reputation of being reliable to speak of and expect to be able to charge a fee from the get-go and get away with it?

BasementMiner!

member

Activity: 109

Merit: 10

Pool is closed. See:

Quote from: BasementMiner! on July 28, 2012, 10:10:50 PM

It was a difficulty decision to make, but I will be shutting down CoinSauce proxy mining pool indefinitely. There are a few reasons to this decision I would like to note.

We are an unnecessary pool. We don't actually host a pool server on our servers, but proxy the mining requests to other pools. Although we do fail-over from non-responding pools in the backend, we aren't transparent in this matter. Our pool does not benefit the network by distributing hash rate evenly. We are in still control.

There are already a bunch of pools out there that offer better service and track record than us. Mt. Red, EclipseMC, and Ozcoin are some that I recommend.

I would like to thank everyone for using our service, and I will paying out balances + 1 satoshi sometime soon. However payouts are still fully functional and you are able to initiate a manual payout anytime you'd like.

Thanks. I am still working on other Bitcoin projects.

If you would like to find another pool, I recommend EclipseMC, Mt.Red, Ozcoin.

Thanks! Wink

---

Hi fellow miners, I have been working hard these past few days to bring you a new proxy pool to the market.

As a launch special, the rate is set to 100%. You get charged 0% for the benefit of getting paid per share.

Check us out at CoinSauce.org

# Why us?
Pure PPS - For each valid share you submit, you get paid a fixed amount on-the-spot. Even if the block you're helping to solve comes out to become an orphan.
Instant payouts - Once your balance hits .05 you can cashout your coins immediately, no waiting for 120 confirmations. We even pay the transaction fee as a courtesy of paying your fees!
Low 1.4% fee - While other pure PPS pools may charge 5%, we only charge 1.4%. 98.6% of earnings strictly go to the miners. This is because we take the risk of finding an orphan block and never getting paid.
Full 8 decimal payout - We pay out to the 8th decimal. You get every last satoshi.
Orphan protection - No worrying about the pool mining orphans, you get paid whenever you submit a valid share.
Super simple sign up - Simply paste your Bitcoin address into the input field and press sign up. You will be redirected to your account page afterwards.
Instant stats - Your account page features the latest stats, hash rate and balance. Sexy graphs are coming soon.
Long polling - Seriously, every pool has this, is this even a feature? Cheesy

Hosted on Amazon EC2 - Your account funds will stay safe in a datacenter that has achieved level 1 PCI compliance. Server is secured with private-key access with a TOTP physical token as two-factor authentication to access the AWS account. We use EBS our datastore (redundant storage). Frequent backups to S3 are also in place for disaster recovery.

# Upcoming features
Subworkers - Workers under your account that can be accessed through 1, 2, 3, etc.
Change payment address - Currently you cannot change your payment address without creating a new account. You will be able to do so by signing an message that contains the new address with your private key, and pasting it on your account page.

Even though we take security seriously, we cannot do anything regarding lost funds due to crackers and data loss. Therefore we recommend cashing out when convenient, don't let funds pile up in your account! Profile pages are also public to let others enjoy the satisfaction of clicking a green button so you get your funds faster (no personal information is displayed and payment address cannot be changed).

# How to mine?
After you have registered an account through our 2-step registration, point your miners to our pool using this url. Stats are shown immediately.
http://:[email protected]:8999

# Some potentially popular questions and answers
Since my account page is public, can't others do malicious activites?
No, the worst thing they can do is cashout your balance for you (you get your coins faster) . They cannot change the payment address or anything else. Hell, if they wanted to get coins so bad, they would have been created an account for themselves when they saw our 2-step sign up!

Worker names are also generated through a phonetic key generator to provide a easy to remember and anonymous worker name.

Can I change my payment address?
No, you must create a new account.

Topic: [Closed] Pure PPS Bonus - CoinSauce - Instant Payouts - 2 Step Sign Up - page 8. (Read 10197 times)