Here is our new pool after 6 months of hard work frogpool.ae ur opinion ?

mikeywith

legendary

Activity: 2436

Merit: 6643

be constructive or S.T.F.U

Quote from: philipma1957 on July 03, 2024, 08:17:22 PM

meni mentions greater risk for the op's style of payout if the pool has a larger percentage of the total hash rate.

the small pool of 1eh can only lose 318.978 btc coins in a year with a perfect losing record of never hitting a block in an entire year.

the larger pool would lose far more. with a perfect losing record.

So men's formula is but one guide to reserves needed.

I don't recall any mention of pool size in Meni's paper, also, i think pool size is not that important because of the variance, you are 100% correct when you say that larger pools will have to pay more than a smaller pool, but keep in mind the smaller the pool the greater the variance.

Last i saw this pool had less than 1ph of hashrate, while its true that he only needs to pay a small amount out of his pocket, he is likely going to continue doing so for so many years, with a tiny variance of 200% for the first block (which happens to all pools) he would need to keep paying of reserves for double the period.

BlockExplorer24

newbie

Activity: 19

Merit: 2

Quote from: chicosallam on June 20, 2024, 03:00:25 PM

We have been trying to build a BTC mining pool and finally we got the chance to build https://frogpool.ae/
It’s a merged pool with one of the big famous pool so we can easily solve a block ,i am using fpps with 1.25% fees
It’s the first pool supporting arabic language and arabic customer support .
We also offer onsite support for miners in gulf area for free , and online support to miners that have problems with
Setting up farms or cooling systems hydro or immersion cooling all this for free .

We would like to know your honest opinion and your recommendations .

Thank you so much

Hey chicosallam,

Frogpool.ae looks impressive, especially with its support for Arabic language and FPPS with 1.25% fees. Partnering with a major pool ensures stability, and providing onsite support in the Gulf is a great addition.

For broader appeal, I'd suggest highlighting pool uptime, average block discovery time, and testimonials from existing miners. Ensuring robust and reliable cooling and farm setups is crucial for long-term success.

chicosallam

newbie

Activity: 10

Merit: 2

Quote from: kano on June 23, 2024, 05:06:11 PM

Quote from: chicosallam on June 21, 2024, 11:46:13 AM

...
and Firmwares are in incorporation with Vnish which is the most famous and stable .

nothing in crypto to hide Wink

...

Vnish being probably the most vocal about their violation of my cgminer license and not giving a crap about it also.

you guys are two of the best in the industry , can't say a word Roll Eyes

chicosallam

newbie

Activity: 10

Merit: 2

one thing that i don't really understand is that during the last 2 months about 80 new members signed up on the pool , only 3 of them connected their devices , is this supposed to be right ?

all the 80 accounts have been through the registration process and the E-mail verification and setting up a 12 character password ,then after all of this hustle only 3 of them connected their miners Undecided

chicosallam

newbie

Activity: 10

Merit: 2

Quote from: VKBIT on June 23, 2024, 01:31:07 PM

Quote from: chicosallam on June 21, 2024, 11:46:13 AM

Quote from: VKBIT on June 21, 2024, 07:08:43 AM

Quote from: paid2 on June 21, 2024, 06:37:00 AM

Quote from: chicosallam on June 20, 2024, 03:00:25 PM

We also offer onsite support for miners in gulf area for free , and online support to miners that have problems with

Just curious, how can you propose onsite support for free while taking only a 1.25% mining fee?
Seems to be unrealistic, or what do I miss?

Support

)
Merged with ? if i may ask.
Why Frogpool? Was *Monkey not available? Also, why use .AE if you are hosted in Russia? This is weird or there's a catch.
Someone should test those firmwares; they might surprise you.

thank you so much for your reply i really appreciate it

about the support i have just answered up there Wink

Merged with .. you already have the answer when you mentioned that we are hosted in Russia Grin

.AE because the Domain from the national company of UAE.

and why frogpool because this is where i was born in UK and you are right i tried Monkey but it was taken Cheesy

and Firmwares are in incorporation with Vnish which is the most famous and stable .

nothing in crypto to hide Wink

i will really appreciate your opinion and will be happy if you can aware us with whats not good with the pool and will fix it .

thank you so much

Uhm, I don't know, I am really scared of frogs. There's not much to say... You should provide your users with more details, such as the software running your pool, and introduce your team if you have one. Transparency with miners is crucial. The image from Trustpilot doesn't have a link. I joined your Telegram groups and noticed that while thousands of users were invited, only 20-30 remain active. It's a bit concerning, you know. Put more passion into it.

Thank you so Much VKBIT i already started working on it as you advised , it needs alot of work it is not easy as i thought

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

meni's formula is more accurate with larger % of the network for a pool.

Ie a pool with 1eh needs to pay coins per day then a pool with 35eh

we are are 552eh

an eh is 1/552 x 144 = .26086 blocks a day

or around 0.87391 btc a day

and 318.978 btc a year.

while a pool with 35 eh needs to pay around 11164.239 btc a year
or 30.5869 btc a day

meni mentions greater risk for the op's style of payout if the pool has a larger percentage of the total hash rate.

the small pool of 1eh can only lose 318.978 btc coins in a year with a perfect losing record of never hitting a block in an entire year.

the larger pool would lose far more. with a perfect losing record.

So men's formula is but one guide to reserves needed.

mikeywith

legendary

Activity: 2436

Merit: 6643

be constructive or S.T.F.U

Quote from: chicosallam on June 20, 2024, 03:00:25 PM

It’s a merged pool with one of the big famous pool so we can easily solve a block ,i am using fpps with 1.25% fees

You are going to need a ton of BTC in reserve to avoid bankruptcy with that kind of pool fee, according to Meni Rosenfeld's equation which is

R =B ln 1δ / 2f

You are going to need 719 BTC to maintain a 0.1% chance of going bankrupt, even if you were to compare to a 10% chance of going broke, you would still need 239.85 BTC in reserves, I don't think whatever you are trying to do is sustainable in the long run (assuming you are legit anyway), you will have to change the fees very soon to maintain the pool, it's nearly impossible to operate a PPS pool with anything below 2.5%, in fact, the average fee now days is 4% which also seems to be minimum.

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

Quote from: chicosallam on June 21, 2024, 11:46:13 AM

...
and Firmwares are in incorporation with Vnish which is the most famous and stable .

nothing in crypto to hide Wink

...

Vnish being probably the most vocal about their violation of my cgminer license and not giving a crap about it also.

VKBIT

member

Activity: 76

Merit: 18

Quote from: chicosallam on June 21, 2024, 11:46:13 AM

Quote from: VKBIT on June 21, 2024, 07:08:43 AM

Quote from: paid2 on June 21, 2024, 06:37:00 AM

Quote from: chicosallam on June 20, 2024, 03:00:25 PM

We also offer onsite support for miners in gulf area for free , and online support to miners that have problems with

Just curious, how can you propose onsite support for free while taking only a 1.25% mining fee?
Seems to be unrealistic, or what do I miss?

Support

)
Merged with ? if i may ask.
Why Frogpool? Was *Monkey not available? Also, why use .AE if you are hosted in Russia? This is weird or there's a catch.
Someone should test those firmwares; they might surprise you.

thank you so much for your reply i really appreciate it

about the support i have just answered up there Wink

Merged with .. you already have the answer when you mentioned that we are hosted in Russia Grin

.AE because the Domain from the national company of UAE.

and why frogpool because this is where i was born in UK and you are right i tried Monkey but it was taken Cheesy

and Firmwares are in incorporation with Vnish which is the most famous and stable .

nothing in crypto to hide Wink

i will really appreciate your opinion and will be happy if you can aware us with whats not good with the pool and will fix it .

thank you so much

Uhm, I don't know, I am really scared of frogs. There's not much to say... You should provide your users with more details, such as the software running your pool, and introduce your team if you have one. Transparency with miners is crucial. The image from Trustpilot doesn't have a link. I joined your Telegram groups and noticed that while thousands of users were invited, only 20-30 remain active. It's a bit concerning, you know. Put more passion into it.

chicosallam

newbie

Activity: 10

Merit: 2

Quote from: VKBIT on June 21, 2024, 07:08:43 AM

Quote from: paid2 on June 21, 2024, 06:37:00 AM

Quote from: chicosallam on June 20, 2024, 03:00:25 PM

We also offer onsite support for miners in gulf area for free , and online support to miners that have problems with

Just curious, how can you propose onsite support for free while taking only a 1.25% mining fee?
Seems to be unrealistic, or what do I miss?

Support

)
Merged with ? if i may ask.
Why Frogpool? Was *Monkey not available? Also, why use .AE if you are hosted in Russia? This is weird or there's a catch.
Someone should test those firmwares; they might surprise you.

thank you so much for your reply i really appreciate it

about the support i have just answered up there Wink

Merged with .. you already have the answer when you mentioned that we are hosted in Russia Grin

.AE because the Domain from the national company of UAE.

and why frogpool because this is where i was born in UK and you are right i tried Monkey but it was taken Cheesy

and Firmwares are in incorporation with Vnish which is the most famous and stable .

nothing in crypto to hide Wink

i will really appreciate your opinion and will be happy if you can aware us with whats not good with the pool and will fix it .

thank you so much

chicosallam

newbie

Activity: 10

Merit: 2

Quote from: paid2 on June 21, 2024, 06:37:00 AM

Quote from: chicosallam on June 20, 2024, 03:00:25 PM

We also offer onsite support for miners in gulf area for free , and online support to miners that have problems with

Just curious, how can you propose onsite support for free while taking only a 1.25% mining fee?
Seems to be unrealistic, or what do I miss?

first thank you so much for your reply i really appreciate it

what you miss is that we do free support to farms in Gulf area which are mostly UAE ( where we are based ) Oman and Bahrain.

we have a shop that sells miners and spare parts and hydro and immersion cooling systems in Gulf https://miner-gears.com/ and we are delivering miners and install it may be every other day so it's going to cost us nothing to do the support on the way plus petrol is so cheap here Cheesy

if you are based in Gulf area just contact us for support and we will be more than happy to help

thank you

VKBIT

member

Activity: 76

Merit: 18

Quote from: paid2 on June 21, 2024, 06:37:00 AM

Quote from: chicosallam on June 20, 2024, 03:00:25 PM

We also offer onsite support for miners in gulf area for free , and online support to miners that have problems with

Just curious, how can you propose onsite support for free while taking only a 1.25% mining fee?
Seems to be unrealistic, or what do I miss?

Support

)
Merged with ? if i may ask.
Why Frogpool? Was *Monkey not available? Also, why use .AE if you are hosted in Russia? This is weird or there's a catch.
Someone should test those firmwares; they might surprise you.

paid2

hero member

Activity: 504

Merit: 1065

Crypto Swap Exchange

Quote from: chicosallam on June 20, 2024, 03:00:25 PM

We also offer onsite support for miners in gulf area for free , and online support to miners that have problems with

Just curious, how can you propose onsite support for free while taking only a 1.25% mining fee?
Seems to be unrealistic, or what do I miss?

chicosallam

newbie

Activity: 10

Merit: 2

We have been trying to build a BTC mining pool and finally we got the chance to build https://frogpool.ae/
It’s a merged pool with one of the big famous pool so we can easily solve a block ,i am using fpps with 1.25% fees
It’s the first pool supporting arabic language and arabic customer support .
We also offer onsite support for miners in gulf area for free , and online support to miners that have problems with
Setting up farms or cooling systems hydro or immersion cooling all this for free .

We would like to know your honest opinion and your recommendations .

Thank you so much

Topic: Here is our new pool after 6 months of hard work frogpool.ae ur opinion ? (Read 252 times)