25BTC Lvl1 referrals means you alone have to refer 50%(!) of the total pool hash rate! 100 BTC are not even possible, per block the whole pool can only earn ~50 BTC.
Oh, and whcih payout method do you want to use?! I hope not prop...
Topic: GuildMiners [22GH] [0%Fee] [2%BONUS] [LP] [SSL] [Real Time Stats] - page 2. (Read 6154 times)
September 08, 2011, 04:37:02 AM
September 07, 2011, 07:19:51 PM
Sukrim is right, just look at Tradehill, they missed out on a lot of quality customers
because people were turned off by the massive referral spam during their launch.
You say spam wont be tolerated but that's exactly what will happen
if you offer people potential money just for copy+pasting a link as much as possible
because people were turned off by the massive referral spam during their launch.
You say spam wont be tolerated but that's exactly what will happen
if you offer people potential money just for copy+pasting a link as much as possible
September 07, 2011, 12:45:46 PM
Referrals only lead to spam on these forums here and don't guarantee a good pool performance or many miners at all - just take a look at triplemining for lessons learned!
Nothing in life is guaranteed. The success of the pool depends as much on the miners as it does on our efforts to recruit them.
And obviously, spam won't be tolerated. We've been through this before and are prepared to deal with it appropriately.
Also your name is similar to BTCguild... what does hash collission bruteforcing have to do with "guilds" anyways?!
Lots of pool names are similar... is this a joke? The internet medium sometimes makes these things unclear.
Misleading topic title btw.! You _can_ make more than 100% (maybe, if you refer lots of people) but it is for sure not guaranteed and everyone has a 1.25% fee that goes to the pool + 1.75% to referrals (if there is noone referreing you, probably this even goes to the pool too).
Simple calculation: You earn 1 BTC via mining. We pay you 0.97 BTC for your mining (0.03 BTC fee).
Your level 1 referrals earn a total of 25 BTC via mining. We pay you 1% of those earnings, or 0.25 BTC. You've just earned back 91.6% of the fee you paid. If those level 1 earnings were 100 BTC, you'd get 1 BTC, 300% of the fee you paid. If you have lots of referrals in the other levels too, you'd be getting more than your own mining earnings of 1 BTC, thus the title Martin chose for the post.
Oh and a last thing: I really hope you make your miner Open source! I'd never ever trust a Closed Source mining program.
Absolutely. I wouldn't even consider otherwise because I too won't trust a closed-source miner.
I'll be putting all the code for our pool and the miner up on github. Links to that coming soon, some of it needs some cleanup.
September 07, 2011, 12:35:27 PM
Referrals only lead to spam on these forums here and don't guarantee a good pool performance or many miners at all - just take a look at triplemining for lessons learned!
Also your name is similar to BTCguild... what does hash collission bruteforcing have to do with "guilds" anyways?!
Misleading topic title btw.! You _can_ make more than 100% (maybe, if you refer lots of people) but it is for sure not guaranteed and everyone has a 1.25% fee that goes to the pool + 1.75% to referrals (if there is noone referreing you, probably this even goes to the pool too).
Oh and a last thing: I really hope you make your miner Open source! I'd never ever trust a Closed Source mining program.
Also your name is similar to BTCguild... what does hash collission bruteforcing have to do with "guilds" anyways?!
Misleading topic title btw.! You _can_ make more than 100% (maybe, if you refer lots of people) but it is for sure not guaranteed and everyone has a 1.25% fee that goes to the pool + 1.75% to referrals (if there is noone referreing you, probably this even goes to the pool too).
Oh and a last thing: I really hope you make your miner Open source! I'd never ever trust a Closed Source mining program.
September 06, 2011, 04:22:15 PM
Dunno if i should continue reading.
One word: There shall be no custom mining client. We use what we want. Period!
One word: There shall be no custom mining client. We use what we want. Period!
I understand that the technical users of this forum may be turned off by this, but that is because we are aiming at the non-geek, non-bitcoin user. Right now with your own client you have to set up a miner name/password, download your mining client and set the flags, point it to the proper place, etc, etc. A lot of technical details for someone who just wants to make a few bucks from home. A custom client will allows us to bypass all the technical details and get the user up and running just by entering a username and password once. Our custom client (when launched) will have an advanced area where you will be able to customize your flags.
There IS an option for you to create a "custom miner" in our site, which essentially is what you want - you create the miner info and use whatever client you want. This is where we are asking for help from the current community to help us test our pool before we launch our offline advertising campaigns.
Martin
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
September 06, 2011, 04:08:40 PM
I'm proud to introduce GuildMiners - a new mining pool aimed at the newbie, non-technical user.
Once we release our custom mining client, we will be hiding all the technical details from the user. In the meantime we have launched our pool for internal testing. If you could join and throw a few MHashes our way it would greatly help us, and the bitcoin community as a result!
Our pool pays you 97% of what you mine. We then pay you 1% of the coins mined by users you have directly referred. Additionally, we pay you 0.5% of the coins mined by users your referrals have brought in, and even 0.25% of the users they attract. That is four levels of payments, and the potential to make a lot more than you would mining at any other pool.
Rewards are updated in real time on our account screen.
http://guildminers.com
Dunno if i should continue reading.Once we release our custom mining client, we will be hiding all the technical details from the user. In the meantime we have launched our pool for internal testing. If you could join and throw a few MHashes our way it would greatly help us, and the bitcoin community as a result!
Our pool pays you 97% of what you mine. We then pay you 1% of the coins mined by users you have directly referred. Additionally, we pay you 0.5% of the coins mined by users your referrals have brought in, and even 0.25% of the users they attract. That is four levels of payments, and the potential to make a lot more than you would mining at any other pool.
Rewards are updated in real time on our account screen.
http://guildminers.com
One word: There shall be no custom mining client. We use what we want. Period!
September 06, 2011, 04:06:17 PM
I'm proud to introduce GuildMiners - a new mining pool aimed at the newbie, non-technical user.
Once we release our custom mining client, we will be hiding all the technical details from the user. In the meantime we have launched our pool for internal testing. If you could join and throw a few MHashes our way it would greatly help us, and the bitcoin community as a result!
Our pool pays you 97% of what you mine. We then pay you 1% of the coins mined by users you have directly referred. Additionally, we pay you 0.5% of the coins mined by users your referrals have brought in, and even 0.25% of the users they attract. That is four levels of payments, and the potential to make a lot more than you would mining at any other pool.
Rewards are updated in real time on our account screen.
http://guildminers.com
Once we release our custom mining client, we will be hiding all the technical details from the user. In the meantime we have launched our pool for internal testing. If you could join and throw a few MHashes our way it would greatly help us, and the bitcoin community as a result!
Our pool pays you 97% of what you mine. We then pay you 1% of the coins mined by users you have directly referred. Additionally, we pay you 0.5% of the coins mined by users your referrals have brought in, and even 0.25% of the users they attract. That is four levels of payments, and the potential to make a lot more than you would mining at any other pool.
Rewards are updated in real time on our account screen.
http://guildminers.com
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