Topic: Noobpool.com Ethereum mining, 0% pool fee! - page 3. (Read 20083 times)

Despite the recent negative reviews, the pool continues to grow, average hash rate between 20-25gh and around 180 miners on ETH.  ETC has dropped a lot since the fork, but still chugging along.  Soon to add Decred for dual mining.

As far as the negative things that have been said recently, it's all due to the fact that the pool keeps transaction fees and charges 0% pool fee.  Some people see the transaction fees as a type of pool fee and feel it's dishonest to say there is a 0% pool fee.  However since the fork, transaction fees are much less and the average is below 1% of the total reward.  No pool can run 100% free, there are costs to cover and maintain the pool. 

If you dig around other pools you will see a large amount of them that keep transaction fees, some keep transaction fees and charge a pool fee on top of that.  Others hide their fees, and even some that charge fees and keep all uncle rewards.  This pool is 100% transparent and you can view all blocks, rewards, how much the pool makes, etc.  And our home page clearly states at the top, in big bold letters, that the pool keeps transaction fees, which on uncles is nothing, and most blocks range from a few cents to a few dollars.  As an example, yesterday we found 3 blocks which came out to around $2700usd worth of eth.  Of that the pool made about $20, the rest all went to the miners.

So if you want to be part of a good community with an always active chat channel full of very helpful people, a pool that is PROP yet has no pool hoppers, although they are welcome because we have an anti hopper script that will take a % of their shares and give them to everyone else, and a pretty good luck variance, feel free to come join us.  However, if you want to be a small fish in a giant pond of thousands of bigger fish where you pay higher fees, no support, and no one to talk to, that's your choice.

And don't worry about being seen as a pool hopper if you're just a part time miner, or you actually hop around to different pools.  The hoppers I'm talking about are the bot using people who only hop on the instant we hit a block and leave by 30% variance.  And anything under 1GH isn't even looked at anyway.  We welcome part time miners and people new to mining.  Afterall, it is called noobpool.com

It's pretty easy to tell who the hoppers are.  As soon as we hit a block and suddenly we have 2-3 people jump in with big hash rates, then leave the instant we hit 30%, pretty clear it's a hopper.  The script doesn't try to autodetect hoppers and add them, we watch the pool close and when we see a pattern of it, then they are manually added to the script.  For people who jump on later, or stay longer, they don't get listed.  Since they always leave at 30%, they get a 70% tax which is given to the rest of the people mining automatically.  If a hopper from the list jumps on, every 2 minutes they get taxed so that if we hit a fast block they don't take all the reward.  The script also keeps track of how much they have mined so we don't take more than 70% of their total amount mined. 

Do you filter out the hoppers that jump at that 30%, or also the ones that stay a bit longer?. In other words how and by what rules do you determan when a hopper is a hopper.
And how much are they being "taxed"?  Maby its an idea to show it in the stats how much they have been taxed for.? Could work as a warning to keep them away.

(sorry for my English, its a bit rusty).

It doesn’t take long watching this pool to see what noobpool said is indeed true.  In the past couple weeks I’ve watched it closely.  I’ve even seen a single miner jump on with greater hash rate than everyone else on the pool combined.  The hash rate at least doubles or triples immediately after a solved block. Also as he said they are gone at 30% even though statistically they could stay as long as 43.5%.  But they leave beforehand so they can do the same things to more other pools. Examine the block chain and see how many pools they are getting funds from.  However, many obfuscate further using multiple wallets I’m sure.  I’m glad to see noobpool’s oversight. It’s the only chance PPS has to function as intended.  It’s a good thing to decentralize some hash rate to a well run smaller pool.  No complaints by me  so far.  Hopefully stays that way. 

The pool hoppers I am talking about are the people who jump on the instant we hit a block with hash power equal the the amount of the rest of the pool combined, stay till 30% variance and leave.  They always leave at exactly 30% and always jump on as soon as a block is hit.  Those are the ones who we have stopped, and some have noticed and removed us from their bot list, others still continue to do it because it's all run by bots and they never actually check to see if they are making anything or not.

People who only mine part time are not considered pool hoppers.  Just the ones like I described.

I have never tried your pool, but are you sure it is actual pool hoppers and not people who just setup your pool as perhaps one of their backup options in case their primary pool were to go down?

I primarily point my miners at Ethermine where they normally stay, but every once it awhile they fail-over to one of my backup pools, such as Nanopool. Since the mining software periodically rechecks the primary pool to see if it is back up, I may only mine on the backup pool for a short period of time before the hashrate moves back to the primary pool.  I would hate to think this sudden inflow of hash power to my backup pool would be considered pool hopping and be penalized for it.

And how is it a scam?  Lets hear the details.  Is it because it's a prop pool that found a way to stop pool hoppers?  You must be one of those.  If so, on behalf of all the people mining on the pool, thank you for the free shares and hash power.  Everyone enjoys the bonus money they get from the tax put on the pool hoppers.

  this pool is scam. why nobody deleted this theard?!

The amount (0.189) is transaction fees and all of it goes to the Noobpool owner.

Hello,

I wanted to know why on this page:  http://www.noobpool.com/#/blocks

for example the block 0x77692cd6e9ea6d4506bf628c5a7012500e68fc92f2ca2306847157bd49448c50 is having a reward of
5.000000

but when I go check to etherscan:
https://etherscan.io/block/0x77692cd6e9ea6d4506bf628c5a7012500e68fc92f2ca2306847157bd49448c50

The reward says:
5.189126247476750747 Ether (5 + 0.189126247476750747)

Does someone know?
Thanks

I'll point a few rigs your way and give your pool a try. 

Hi thanks for the quick reply.
looks like we got through that one

Cheers

Balances update when we find a block, and we have been stuck on a really difficult block for several days.

Hi Just wondering if there was some issues at the minute?
I had my first payout on the 20th of this month, but since then the balances on the website havent changed from 0.00000, to be fair i only have 70+ mh, but would have expected the site to have updated the balances from 0.000 by now.
Help thoughts would be great.

Many thanks

Pool hoppers have been taken care of.  Actually they still use their bots to show up, but they get taxed and the tax money is spread out to all the miners, so in essence they are helping us find the block faster as well as helping everyone else make more money at the same time without being able to cheat. 

So instead of them jumping in with 4-5 times the total pool's hash rate and taking a big 60-80% of the share, they get a smaller share and the rest goes to the other people mining.  There is always some leftover shares with the code in which there is a lottery system in place and it gives that small amount to a random miner as a bonus. 

And it's safe for non pool hoppers.  They are known and on a list, so all regular miners who decide to just grab a bunch of NH power for some extra shares are safe from the tax system.  Only the people specifically on the list get taxed. 

Call it stealing, call it cheating, but that's what pool hoppers are doing.  They just get punished for doing it on noobpool.com

This way we can stay a prop system, which is the best system for part time miners and noobs, and don't have to go to pplns which hurts people who don't mine 24/7.

And don't forget about our etc node, the eth difficulty has gone way up and will stay that way for the next two weeks, so why not mine etc for a while.  etc.noobpool.com

This post hasn't been bumped for a while.  Both ETC and ETH nodes are running great.  Steady at around 15GH, and payouts on time, every time.

Been having good luck with the last few blocks, all sub 100 variance, last one was two were 27 and 10..  Our ETC node isn't having as much luck, but not as many people mining etc.

Nope, pools are up and running.  About 70 people mining at the moment.

Pool is down for me, is it just me? I really want to check out this 0% pool fee

We got stuck on a block that went to over 400% variance and our blockchain database had grown very large over the last couple months, so it was decided to do a re-sync of the blockchain and in turn we ended up loosing the work we did on the 400% variance block, it pissed off a lot of people and a lot of miners left.  We also opened an ETC pool as well at http://etc.noobpool.com

So now we are having to rebuild our mining base, it's a slow process, but it will happen eventually.