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Jero

hero member

Activity: 638

Merit: 500

Quote from: ny2cafuse on January 16, 2015, 05:33:07 PM

Quote from: Jero on January 16, 2015, 04:49:57 PM

If so... ignoring his customers and serious crypto minded people only means one thing: only money matters and for the rest everthing can eat dust/shit. This kind of people/bussinesses should be banned for sure. But again, just waiting for the 31st. For Guldencoin only a stable network counts atm...

I think you're right on the money with the only thing that matters to him. Check this out:

Quote from: Terk on August 01, 2014, 10:51:08 AM

...
Total stuck balance is currently approximately 23 BTC compared to 12145 BTC which were paid by the pool, so it's 0.19%. This will be different for some users depending on when they were mining, but most users should fall between 0.1% and 0.3% of their entire paid amount. Most of it are just orphans, so there are no valid block behind this and will be converted to zeros after I fix orphans detecting.
...

That was August 1st of this year. Up until that point Terk reported 12145BTC being paid out. Even if he took 1% of that, that's still 121.45BTC. Add the cut he probably gets for being an official hashlet pool, and I'm sure Terk could care less what people think as long as he gets paid. And the fact of the matter is that he doesn't have to keep records for accountability of mining. He can just as easily say that what the pool made is what the pool made. As long as the hashlet consumers(a lot of them mining ignorant) get paid, then he's in the clear.

IMO, Terk's only concern is Terk's wallet. Because of that, the 31st can't come fast enough.

-Fuse

If there was some proof/suggestion of fraud there was a case but it's completely legal as for as I can judge.
Only the service and payments are shit, but who cares? Obviously people mining there not Huh

Also, there are many alternativs which are more profitable then mining at CM. So what needs people moving? Fill in that blank and we are in the clear I suppose...

ny2cafuse

legendary

Activity: 1582

Merit: 1002

HODL for life.

Quote from: Jero on January 16, 2015, 04:49:57 PM

If so... ignoring his customers and serious crypto minded people only means one thing: only money matters and for the rest everthing can eat dust/shit. This kind of people/bussinesses should be banned for sure. But again, just waiting for the 31st. For Guldencoin only a stable network counts atm...

I think you're right on the money with the only thing that matters to him. Check this out:

Quote from: Terk on August 01, 2014, 10:51:08 AM

...
Total stuck balance is currently approximately 23 BTC compared to 12145 BTC which were paid by the pool, so it's 0.19%. This will be different for some users depending on when they were mining, but most users should fall between 0.1% and 0.3% of their entire paid amount. Most of it are just orphans, so there are no valid block behind this and will be converted to zeros after I fix orphans detecting.
...

That was August 1st of this year. Up until that point Terk reported 12145BTC being paid out. Even if he took 1% of that, that's still 121.45BTC. Add the cut he probably gets for being an official hashlet pool, and I'm sure Terk could care less what people think as long as he gets paid. And the fact of the matter is that he doesn't have to keep records for accountability of mining. He can just as easily say that what the pool made is what the pool made. As long as the hashlet consumers(a lot of them mining ignorant) get paid, then he's in the clear.

IMO, Terk's only concern is Terk's wallet. Because of that, the 31st can't come fast enough.

-Fuse

Meije

full member

Activity: 192

Merit: 100

Quote from: Jero on January 16, 2015, 04:49:57 PM

Quote from: Meije on January 16, 2015, 04:42:27 PM

Quote from: ny2cafuse on January 16, 2015, 03:38:55 PM

Quote from: Jero on January 16, 2015, 01:23:24 PM

Clear... But CM is a multipool who switches between the most profitable coins in the best interest of their customers, the miners.
So, I wonder, is Guldencoin one of the most profitable coins atm? If so, everything is logical, if not, why they keep mining Guldencoin instead of another more profitable one?

And how far the diff/hashrate/price has to change for make them stop? I think they never will, but why??? Is there someone operating the pool and did he/she fall asleep... Grin

Terk is AWOL in his thread. I've posted these questions over and over for the last 3-4 pages of the CM thread, and he hasn't responded. He won't even respond to his own miners questions about whether or not they are missing payments, and why.

At this point, I think it's safe to assume that CM is on autopilot. In fact, short of a DDOS, I would guess that you wouldn't hear anything from CM for the foreseeable future. So this poses a conundrum. If Terk is AWOL and CM is mining on autopilot, Terk will be mining on the old wallet come January 31st. So when the network forks to the new difficulty algo, Terk will be left on his own chain with a considerable amount of hashrate. He will essentially mine himself off the chain. The difficulty will spike instantly with the old algo, and without someone there to reactivate his profitability by solving the hard blocks, he won't mine NLG again until he updates the wallet. The question is this... will he turn up from his absence and update the wallet?

If he does, then he's followed this thread, his thread, and whatever other info on NLG, and he's just been ignoring the NLG community like an asshat. If he doesn't, and he doesn't for a long time, he's obviously not monitoring his pool or even the coins he mines, and that's a pretty solid case for him being a crooked pool op. But I'm sure we all know that's the case already.

-Fuse

I have been monitoring his status whether he is online or not, and he is definitely following something because he logs into his account frequently, so i'm guessing he is just ignoring 'everyone'.

If so... ignoring his customers and serious crypto minded people only means one thing: only money matters and for the rest everthing can eat dust/shit. This kind of people/bussinesses should be banned for sure. But again, just waiting for the 31st. For Guldencoin only a stable network counts atm...

Well, i will be extremely happy when all of this is finally over, at least then it will be full speed ahead.

Jero

hero member

Activity: 638

Merit: 500

Quote from: Meije on January 16, 2015, 04:42:27 PM

Quote from: ny2cafuse on January 16, 2015, 03:38:55 PM

Quote from: Jero on January 16, 2015, 01:23:24 PM

Clear... But CM is a multipool who switches between the most profitable coins in the best interest of their customers, the miners.
So, I wonder, is Guldencoin one of the most profitable coins atm? If so, everything is logical, if not, why they keep mining Guldencoin instead of another more profitable one?

And how far the diff/hashrate/price has to change for make them stop? I think they never will, but why??? Is there someone operating the pool and did he/she fall asleep... Grin

Terk is AWOL in his thread. I've posted these questions over and over for the last 3-4 pages of the CM thread, and he hasn't responded. He won't even respond to his own miners questions about whether or not they are missing payments, and why.

At this point, I think it's safe to assume that CM is on autopilot. In fact, short of a DDOS, I would guess that you wouldn't hear anything from CM for the foreseeable future. So this poses a conundrum. If Terk is AWOL and CM is mining on autopilot, Terk will be mining on the old wallet come January 31st. So when the network forks to the new difficulty algo, Terk will be left on his own chain with a considerable amount of hashrate. He will essentially mine himself off the chain. The difficulty will spike instantly with the old algo, and without someone there to reactivate his profitability by solving the hard blocks, he won't mine NLG again until he updates the wallet. The question is this... will he turn up from his absence and update the wallet?

If he does, then he's followed this thread, his thread, and whatever other info on NLG, and he's just been ignoring the NLG community like an asshat. If he doesn't, and he doesn't for a long time, he's obviously not monitoring his pool or even the coins he mines, and that's a pretty solid case for him being a crooked pool op. But I'm sure we all know that's the case already.

-Fuse

I have been monitoring his status whether he is online or not, and he is definitely following something because he logs into his account frequently, so i'm guessing he is just ignoring 'everyone'.

If so... ignoring his customers and serious crypto minded people only means one thing: only money matters and for the rest everthing can eat dust/shit. This kind of people/bussinesses should be banned for sure. But again, just waiting for the 31st. For Guldencoin only a stable network counts atm...

Meije

full member

Activity: 192

Merit: 100

Quote from: ny2cafuse on January 16, 2015, 03:38:55 PM

Quote from: Jero on January 16, 2015, 01:23:24 PM

Clear... But CM is a multipool who switches between the most profitable coins in the best interest of their customers, the miners.
So, I wonder, is Guldencoin one of the most profitable coins atm? If so, everything is logical, if not, why they keep mining Guldencoin instead of another more profitable one?

And how far the diff/hashrate/price has to change for make them stop? I think they never will, but why??? Is there someone operating the pool and did he/she fall asleep... Grin

Terk is AWOL in his thread. I've posted these questions over and over for the last 3-4 pages of the CM thread, and he hasn't responded. He won't even respond to his own miners questions about whether or not they are missing payments, and why.

At this point, I think it's safe to assume that CM is on autopilot. In fact, short of a DDOS, I would guess that you wouldn't hear anything from CM for the foreseeable future. So this poses a conundrum. If Terk is AWOL and CM is mining on autopilot, Terk will be mining on the old wallet come January 31st. So when the network forks to the new difficulty algo, Terk will be left on his own chain with a considerable amount of hashrate. He will essentially mine himself off the chain. The difficulty will spike instantly with the old algo, and without someone there to reactivate his profitability by solving the hard blocks, he won't mine NLG again until he updates the wallet. The question is this... will he turn up from his absence and update the wallet?

If he does, then he's followed this thread, his thread, and whatever other info on NLG, and he's just been ignoring the NLG community like an asshat. If he doesn't, and he doesn't for a long time, he's obviously not monitoring his pool or even the coins he mines, and that's a pretty solid case for him being a crooked pool op. But I'm sure we all know that's the case already.

-Fuse

I have been monitoring his status whether he is online or not, and he is definitely following something because he logs into his account frequently, so i'm guessing he is just ignoring 'everyone'.

Jero

hero member

Activity: 638

Merit: 500

Quote from: thsminer on January 16, 2015, 03:35:36 PM

The profitability calculation for CM is not straight the most profitable coin. In the case of NLG CM hits a number of blocks in a row and then continues to hit another coin. So even if NLG is less profitable then others, NLG is hit because CM can mine more blocks in a row and thus makes more profit. Second problem CM has to cope with is the fact the coins must be traded in short timespan. Some other more profitable coins have a very low trading volumes so they are not really interesting to mass mine and dump.

Tnx for this way of thinking, trading volume...

Quote from: ny2cafuse on January 16, 2015, 03:38:55 PM

Terk is AWOL in his thread. I've posted these questions over and over for the last 3-4 pages of the CM thread, and he hasn't responded. He won't even respond to his own miners questions about whether or not they are missing payments, and why.

At this point, I think it's safe to assume that CM is on autopilot. In fact, short of a DDOS, I would guess that you wouldn't hear anything from CM for the foreseeable future. So this poses a conundrum. If Terk is AWOL and CM is mining on autopilot, Terk will be mining on the old wallet come January 31st. So when the network forks to the new difficulty algo, Terk will be left on his own chain with a considerable amount of hashrate. He will essentially mine himself off the chain. The difficulty will spike instantly with the old algo, and without someone there to reactivate his profitability by solving the hard blocks, he won't mine NLG again until he updates the wallet. The question is this... will he turn up from his absence and update the wallet?

If he does, then he's followed this thread, his thread, and whatever other info on NLG, and he's just been ignoring the NLG community like an asshat. If he doesn't, and he doesn't for a long time, he's obviously not monitoring his pool or even the coins he mines, and that's a pretty solid case for him being a crooked pool op. But I'm sure we all know that's the case already.

-Fuse

Look what happens after the 31st. I think your right on the autopilot... Cheesy

ny2cafuse

legendary

Activity: 1582

Merit: 1002

HODL for life.

Quote from: Jero on January 16, 2015, 01:23:24 PM

Clear... But CM is a multipool who switches between the most profitable coins in the best interest of their customers, the miners.
So, I wonder, is Guldencoin one of the most profitable coins atm? If so, everything is logical, if not, why they keep mining Guldencoin instead of another more profitable one?

And how far the diff/hashrate/price has to change for make them stop? I think they never will, but why??? Is there someone operating the pool and did he/she fall asleep... Grin

Terk is AWOL in his thread. I've posted these questions over and over for the last 3-4 pages of the CM thread, and he hasn't responded. He won't even respond to his own miners questions about whether or not they are missing payments, and why.

At this point, I think it's safe to assume that CM is on autopilot. In fact, short of a DDOS, I would guess that you wouldn't hear anything from CM for the foreseeable future. So this poses a conundrum. If Terk is AWOL and CM is mining on autopilot, Terk will be mining on the old wallet come January 31st. So when the network forks to the new difficulty algo, Terk will be left on his own chain with a considerable amount of hashrate. He will essentially mine himself off the chain. The difficulty will spike instantly with the old algo, and without someone there to reactivate his profitability by solving the hard blocks, he won't mine NLG again until he updates the wallet. The question is this... will he turn up from his absence and update the wallet?

If he does, then he's followed this thread, his thread, and whatever other info on NLG, and he's just been ignoring the NLG community like an asshat. If he doesn't, and he doesn't for a long time, he's obviously not monitoring his pool or even the coins he mines, and that's a pretty solid case for him being a crooked pool op. But I'm sure we all know that's the case already.

-Fuse

thsminer

sr. member

Activity: 332

Merit: 250

Quote from: Jero on January 16, 2015, 01:23:24 PM

Quote from: c_e_d on January 16, 2015, 11:16:56 AM

Quote from: Jero on January 16, 2015, 05:13:25 AM

Quote from: veertje on January 16, 2015, 05:04:08 AM

Clever below 40% now.

Added some hashes @ Criptoe also.
Wonder when they will stop, there is not much profit for CM at these rates?

First they need is their mining to stay above LTC profitability.
After that comes % above LTC compared to other pools, so the miners will stay.
As long as the pool has enough hashrate, they are fine because they get their fee from the total BTC the hashrate is producing.

Profitable mining at all? That's the question for their miners, not for the pool.

Clear... But CM is a multipool who switches between the most profitable coins in the best interest of their customers, the miners.
So, I wonder, is Guldencoin one of the most profitable coins atm? If so, everything is logical, if not, why they keep mining Guldencoin instead of another more profitable one?

And how far the diff/hashrate/price has to change for make them stop? I think they never will, but why??? Is there someone operating the pool and did he/she fall asleep... Grin

The profitability calculation for CM is not straight the most profitable coin. In the case of NLG CM hits a number of blocks in a row and then continues to hit another coin. So even if NLG is less profitable then others, NLG is hit because CM can mine more blocks in a row and thus makes more profit. Second problem CM has to cope with is the fact the coins must be traded in short timespan. Some other more profitable coins have a very low trading volumes so they are not really interesting to mass mine and dump.

Jero

hero member

Activity: 638

Merit: 500

Quote from: c_e_d on January 16, 2015, 11:16:56 AM

Quote from: Jero on January 16, 2015, 05:13:25 AM

Quote from: veertje on January 16, 2015, 05:04:08 AM

Clever below 40% now.

Added some hashes @ Criptoe also.
Wonder when they will stop, there is not much profit for CM at these rates?

First they need is their mining to stay above LTC profitability.
After that comes % above LTC compared to other pools, so the miners will stay.
As long as the pool has enough hashrate, they are fine because they get their fee from the total BTC the hashrate is producing.

Profitable mining at all? That's the question for their miners, not for the pool.

Clear... But CM is a multipool who switches between the most profitable coins in the best interest of their customers, the miners.
So, I wonder, is Guldencoin one of the most profitable coins atm? If so, everything is logical, if not, why they keep mining Guldencoin instead of another more profitable one?

And how far the diff/hashrate/price has to change for make them stop? I think they never will, but why??? Is there someone operating the pool and did he/she fall asleep... Grin

c_e_d

member

Activity: 100

Merit: 10

Quote from: Jero on January 16, 2015, 05:13:25 AM

Quote from: veertje on January 16, 2015, 05:04:08 AM

Clever below 40% now.

Added some hashes @ Criptoe also.
Wonder when they will stop, there is not much profit for CM at these rates?

First they need is their mining to stay above LTC profitability.
After that comes % above LTC compared to other pools, so the miners will stay.
As long as the pool has enough hashrate, they are fine because they get their fee from the total BTC the hashrate is producing.

Profitable mining at all? That's the question for their miners, not for the pool.

ArieNLG

member

Activity: 94

Merit: 10

Quote from: Meije on January 15, 2015, 05:34:44 PM

Hello everyone!
There can never be enough exposure about cryptocurrency in general and about the Guldencoin, so here is some more exciting news!
My father and i are working on a sequence of 5 episodes for Frontier magazine, where the first part that is now released and kan be bought here(http://frontierworld.nl/webshops/?product=frontier-classic-21-1-januari-februari-2015) is more like an introduction to cryptocurrency, although the Guldencoin is definately mentioned a few times in this first part, in the later parts there will be much more about it. This first parts is mainly to warm people up for crypto in a neutral way. Frontier magazine has 3k subscribers in the Netherlands and abroad to their paperback magazine.

-Meije

Thanks Meije for the time and energy you put in to this Cool

WaterLooDown

legendary

Activity: 924

Merit: 1000

Quote from: Jero on January 16, 2015, 05:13:25 AM

Quote from: veertje on January 16, 2015, 05:04:08 AM

Clever below 40% now.

Added some hashes @ Criptoe also.
Wonder when they will stop, there is not much profit for CM at these rates?

I think it's because we offering a smaller loss then other coins and also they getting the "easier blocks" from us until Digishield is implemented.

Jero

hero member

Activity: 638

Merit: 500

Quote from: veertje on January 16, 2015, 05:04:08 AM

Clever below 40% now.

Added some hashes @ Criptoe also.
Wonder when they will stop, there is not much profit for CM at these rates?

veertje

legendary

Activity: 952

Merit: 1000

Clever below 40% now.

ny2cafuse

legendary

Activity: 1582

Merit: 1002

HODL for life.

Quote from: Meije on January 15, 2015, 05:34:44 PM

Hello everyone!
There can never be enough exposure about cryptocurrency in general and about the Guldencoin, so here is some more exciting news!
My father and i are working on a sequence of 5 episodes for Frontier magazine, where the first part that is now released and kan be bought here(http://frontierworld.nl/webshops/?product=frontier-classic-21-1-januari-februari-2015) is more like an introduction to cryptocurrency, although the Guldencoin is definately mentioned a few times in this first part, in the later parts there will be much more about it. This first parts is mainly to warm people up for crypto in a neutral way. Frontier magazine has 3k subscribers in the Netherlands and abroad to their paperback magazine.

https://i.imgur.com/keIScIi.jpg

-Meije

Very cool! Kudos, mate.

-Fuse

Meije

full member

Activity: 192

Merit: 100

Hello everyone!
There can never be enough exposure about cryptocurrency in general and about the Guldencoin, so here is some more exciting news!
My father and i are working on a sequence of 5 episodes for Frontier magazine, where the first part that is now released and kan be bought here(http://frontierworld.nl/webshops/?product=frontier-classic-21-1-januari-februari-2015) is more like an introduction to cryptocurrency, although the Guldencoin is definately mentioned a few times in this first part, in the later parts there will be much more about it. This first parts is mainly to warm people up for crypto in a neutral way. Frontier magazine has 3k subscribers in the Netherlands and abroad to their paperback magazine.

-Meije

Halofire

hero member

Activity: 938

Merit: 1000

@halofirebtc

Quote from: Sharkzz1 on January 15, 2015, 11:54:06 AM

Quote from: Halofire on January 15, 2015, 11:53:19 AM

uhhh......... is this how we're supposed to spend NLG?

--snippy--

hahaha

,
what are you doing in the accessible toilet?

saw it on my facebook, thought it was funny, there's one in tokyo too

here's the official caption: The Dutch supermarket chain 'Jumbo' lets its customers "test drive" its different types of toilet paper before buying them.

Sharkzz1

sr. member

Activity: 880

Merit: 251