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Topic: [CLOSED] RFCPool.com (Read 22121 times)

hero member
Activity: 546
Merit: 500
November 05, 2011, 06:17:58 AM
PM sent, probably longer than you wanted :p
full member
Activity: 225
Merit: 100
November 05, 2011, 12:59:20 AM
Yes, I can also confirm. Thank you very much for the final payout and for the great service while running the pool!
Caesium, I send you a PM a few days ago and would realy appreciate a (very basic) answer.
member
Activity: 75
Merit: 10
November 04, 2011, 08:59:08 PM
Yes, sorry, it has just been done.

Apologies for the delay, I didn't want to rush it and get it wrong - transaction id is f89de013f710f07b89e09901ed86815ebe8f115c50579fda5d2d370af06779dd

Emails were sent out if you had email confirmations on.

Thanks for the final payout. I will miss the good days with RFCPool.
newbie
Activity: 53
Merit: 0
November 04, 2011, 07:19:29 PM
Yes, sorry, it has just been done.

Apologies for the delay, I didn't want to rush it and get it wrong - transaction id is f89de013f710f07b89e09901ed86815ebe8f115c50579fda5d2d370af06779dd

Emails were sent out if you had email confirmations on.
Confirming that I received my final payment. Thanks for putting forth the effort to close the pool fairly and get unpaid rewards out to as many people as possible. From the IRC logs, it seems like it was more work than ideal.
hero member
Activity: 546
Merit: 500
November 04, 2011, 05:13:05 AM
Yes, sorry, it has just been done.

Apologies for the delay, I didn't want to rush it and get it wrong - transaction id is f89de013f710f07b89e09901ed86815ebe8f115c50579fda5d2d370af06779dd

Emails were sent out if you had email confirmations on.
full member
Activity: 225
Merit: 100
November 04, 2011, 02:20:19 AM
There was one block which hadn't confirmed yet, once it has I'll get it paid out. All remaining balances will be paid out.

Any news on this? Confirmation should be done for at least two days now...
sr. member
Activity: 437
Merit: 250
November 02, 2011, 03:56:30 PM
aww bummers, i finally noticed this Sad. i think i still had a balance of a few BTC in the pool, were those ever paid out before the close?

They were working on payments last night, not sure if they finished or not, but it'll get done
legendary
Activity: 812
Merit: 1002
November 02, 2011, 12:51:20 PM
aww bummers, i finally noticed this Sad. i think i still had a balance of a few BTC in the pool, were those ever paid out before the close?
full member
Activity: 120
Merit: 100
November 02, 2011, 07:30:05 AM
Guess I'll remove the dead link from my sig.  Sad
legendary
Activity: 1449
Merit: 1001
November 02, 2011, 12:28:25 AM

The fact is that be it fees or donations, at the 60 GH/s that we seemed to have reached (or the <50 it was more recently), it doesn't amount to much. If Bitcoins were worth more, or if we had had more hashrate (say, finding a couple of blocks daily), it might have been worth the effort to keep going. But as things were, with Bitcoin value in the mud and the pool not really growing, it was looking improbable that the pool could ever even cover the server costs. It was an interesting project to develop, but in the end that wasn't enough.

Actually there was no mention of it being an economic problem, but the feeling that BTC is dead and not worth the trouble anymore. 
vip
Activity: 980
Merit: 1001
November 01, 2011, 11:21:37 PM
We started about the same time as ARS and RFC and plan on sticking around, there is much more to BTC imo than its apparent "value", quite a few pools have come and gone (some come and gone, resurrected then gone) Wink

I respect Caesium as  a poolop and a person, I am dissapointed by his decision (we all must decide what is best for ourselves tho) and wish him well in his future endeavors Smiley
newbie
Activity: 19
Merit: 0
November 01, 2011, 09:43:50 PM
Over the next few months you will likely see the majority of free pools either close, or change to fee structures.  Perhaps you should try implementing a fee and trying to keep your presence known?  If you play your cards right, who knows what position you'd be in if we see another bubble 6 months down the road?
The fact is that be it fees or donations, at the 60 GH/s that we seemed to have reached (or the <50 it was more recently), it doesn't amount to much. If Bitcoins were worth more, or if we had had more hashrate (say, finding a couple of blocks daily), it might have been worth the effort to keep going. But as things were, with Bitcoin value in the mud and the pool not really growing, it was looking improbable that the pool could ever even cover the server costs. It was an interesting project to develop, but in the end that wasn't enough.
legendary
Activity: 1260
Merit: 1000
November 01, 2011, 08:09:19 PM
Well, eclipsemc.com is in it for the long haul and has DGM + merged mining.  I started the pool about a month after Eleuthria I think... so I won't say EMC has been around from the start, but closer than most. We are also 0% fee and plan to keep it that way.
legendary
Activity: 1750
Merit: 1007
November 01, 2011, 02:22:59 PM

While I understand your position, if you're basing this decision on "bitcoin is dying" I'd recommend you reconsider.  Bitcoin is returning back to a reasonable value, and the latest difficulty adjustments show that.  Difficulty will -always- lag behind the price curve, since it's calculated reactively to the changes over the last 2 weeks, rather than as a prediction.

Every pool op has felt the pressure as the prices shrink, the problems rise, and the difficulty seems too slow at catching up to a reasonable level.  Obviously at these prices/difficulty, 0% is basically impossible.  Over the next few months you will likely see the majority of free pools either close, or change to fee structures.  Perhaps you should try implementing a fee and trying to keep your presence known?  If you play your cards right, who knows what position you'd be in if we see another bubble 6 months down the road?

Nice to see that the "competition"  would like the pool to continue.

Although the op has stated  "It ain't coming back this time, thanks for the hashes over the past few months"
maybe these words can help convince him. ( yeah  , wishful thinking)

I'm just worried about seeing a large number of small pool operators throw in the towel.  The big problem is most of these pools started during in the middle or height of the bubble.  There were only3 pools around when I started, but prices were trending up/difficulty was low, so 0% with donations was a very profitable setup and a good draw.  A few months later MANY new pools opened up, and by then it was basically impossible to obtain miners without being 0%.  Now that the bubble popped, it's scary as a pool operator to try to figure out how to pay your server bills when the old economic model doesn't work anymore.

The last thing Bitcoin needs right now are a bunch of pools closing down, forcing all the hash power to be consolidated into a small number of pools.
legendary
Activity: 1449
Merit: 1001
November 01, 2011, 01:53:52 PM

While I understand your position, if you're basing this decision on "bitcoin is dying" I'd recommend you reconsider.  Bitcoin is returning back to a reasonable value, and the latest difficulty adjustments show that.  Difficulty will -always- lag behind the price curve, since it's calculated reactively to the changes over the last 2 weeks, rather than as a prediction.

Every pool op has felt the pressure as the prices shrink, the problems rise, and the difficulty seems too slow at catching up to a reasonable level.  Obviously at these prices/difficulty, 0% is basically impossible.  Over the next few months you will likely see the majority of free pools either close, or change to fee structures.  Perhaps you should try implementing a fee and trying to keep your presence known?  If you play your cards right, who knows what position you'd be in if we see another bubble 6 months down the road?

Nice to see that the "competition"  would like the pool to continue.

Although the op has stated  "It ain't coming back this time, thanks for the hashes over the past few months"
maybe these words can help convince him. ( yeah  , wishful thinking)
legendary
Activity: 1750
Merit: 1007
November 01, 2011, 09:31:31 AM
Closing down the pool (yes, again).

Two main reasons:
a) I believe bitcoin is dying a slow protracted death, with falling hashrates and falling values it's only a matter of time before it's gone entirely.
b) we had server issues which led to the outage earlier on today, but believed them to be fixed - sadly not and we're now at a state where the pool server won't boot properly, and given my position on a) I'm not willing to invest any more time in fixing this and carrying on running it just to have it all for nothing in what I suspect may be a matter of weeks.

There was one block which hadn't confirmed yet, once it has I'll get it paid out. All remaining balances will be paid out.

It ain't coming back this time, thanks for the hashes over the past few months.

While I understand your position, if you're basing this decision on "bitcoin is dying" I'd recommend you reconsider.  Bitcoin is returning back to a reasonable value, and the latest difficulty adjustments show that.  Difficulty will -always- lag behind the price curve, since it's calculated reactively to the changes over the last 2 weeks, rather than as a prediction.

Every pool op has felt the pressure as the prices shrink, the problems rise, and the difficulty seems too slow at catching up to a reasonable level.  Obviously at these prices/difficulty, 0% is basically impossible.  Over the next few months you will likely see the majority of free pools either close, or change to fee structures.  Perhaps you should try implementing a fee and trying to keep your presence known?  If you play your cards right, who knows what position you'd be in if we see another bubble 6 months down the road?
legendary
Activity: 1246
Merit: 1011
November 01, 2011, 09:17:32 AM
I do understand your position, but why all the ..."lets make these cool graphs", "maybe time for some redundancy" etc..
It didn't seem that this is the direction you were going...
Oh well, I have no luck...  every small pool I've joined has closed down... maybe it's me...
Maybe i should join deepbit and see If I can do them the same Wink

Good Luck to you all at RFC


You can always join simplecoin.us. dont mean to thread crap but in this case it might be OK. Thanks for your pool.

I'm sorry to hear this pool is gone.  It was pretty good on paper and, were it not for the grace period for stales, might well have been my main pool.

Smaller pools come and go but many of them are easy to join and often provide better average income than the big pools.  If you like PPLNS then mineco.in is decent.  If your more interested in the merged mining then be advised that there are still teething issues so you should look carefully at the pools recent performance before joining.  Both simplecoin.us and yourbtc.net have merged mining with unhoppable reward systems at 40 GH/s or so (simplecoin.us offers PPLNS and yourbtc.net uses DGM).

Always consider recent uptime and luck before joining a new pool.
hero member
Activity: 628
Merit: 500
November 01, 2011, 08:11:59 AM
Closing down the pool (yes, again).

Two main reasons:
a) I believe bitcoin is dying a slow protracted death, with falling hashrates and falling values it's only a matter of time before it's gone entirely.
b) we had server issues which led to the outage earlier on today, but believed them to be fixed - sadly not and we're now at a state where the pool server won't boot properly, and given my position on a) I'm not willing to invest any more time in fixing this and carrying on running it just to have it all for nothing in what I suspect may be a matter of weeks.

There was one block which hadn't confirmed yet, once it has I'll get it paid out. All remaining balances will be paid out.

It ain't coming back this time, thanks for the hashes over the past few months.

I do understand your position, but why all the ..."lets make these cool graphs", "maybe time for some redundancy" etc..
It didn't seem that this is the direction you were going...
Oh well, I have no luck...  every small pool I've joined has closed down... maybe it's me...
Maybe i should join deepbit and see If I can do them the same Wink

Good Luck to you all at RFC


You can always join simplecoin.us. dont mean to thread crap but in this case it might be OK. Thanks for your pool.
legendary
Activity: 1449
Merit: 1001
November 01, 2011, 02:22:09 AM
Closing down the pool (yes, again).

Two main reasons:
a) I believe bitcoin is dying a slow protracted death, with falling hashrates and falling values it's only a matter of time before it's gone entirely.
b) we had server issues which led to the outage earlier on today, but believed them to be fixed - sadly not and we're now at a state where the pool server won't boot properly, and given my position on a) I'm not willing to invest any more time in fixing this and carrying on running it just to have it all for nothing in what I suspect may be a matter of weeks.

There was one block which hadn't confirmed yet, once it has I'll get it paid out. All remaining balances will be paid out.

It ain't coming back this time, thanks for the hashes over the past few months.

I do understand your position, but why all the ..."lets make these cool graphs", "maybe time for some redundancy" etc..
It didn't seem that this is the direction you were going...
Oh well, I have no luck...  every small pool I've joined has closed down... maybe it's me...
Maybe i should join deepbit and see If I can do them the same Wink

Good Luck to you all at RFC
newbie
Activity: 19
Merit: 0
October 31, 2011, 08:45:32 PM
Pool's closed due to AIDS
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