First of all, hello everyone. We are back from WCC and catching up to our messages, following up with people that we met. Great to meet anyone that attended and hope we can work together in the future.
We got to develop lots of partnerships and relationships while we were at the conference. When we finalize these, we will pass on the savings to you.
Additionally, we wanted to note that for our referral program, we will be accepting referrals of clients of around 1 PH in size. With the referral bonus, you may choose to have fees reduced or commission paid out. This means you have multiple methods to decrease your fees and increase your profitability.
We have also discussed a PPLNS option that will be available if we can get enough support (500 PH), we are in discussions with mining farms to see if there is interest. We can't promise this feature will be available but know that we have it on our radar. Our PPLNS fee that we implement will be in the 0.5 - 0.8% range if we implement it.
so , nova , can you answer the following
1. when will merged mining go through,
2. do you plan on doing any other merged mining coins other thank name coin (vchash, or Elastos )
3. when will the requests/improvements to the site begin to be seen
a. worker area refresh.
b. block indicator on graph
4. lastly i would like to ask for a detailed breakdown on the rewards section,
just to show us how the reward was reached. ***Ex your rewards = 77.36 th @24 hrs = x fee= 77.36x 0.000018xxx = 0.0000024xx ***
****THE ABOVE IS JUST AN EXAMPLE , I KNOW THAT IS NOT THE CORRECT FORMULA, JUST USING IT AS EXAMPLE ***
Thanks,
FM
Hi Freemine,
1. Merged mining has been active since our post on October 18th, the setup guide is on page 5 of the thread.
2. We will provide support to any merged mining coins that receive enough support. Currently the only popular one that was requested was NMC.
3a. Worker area refresh is already added, I am unsure if you want something live or with a higher refresh rate but we think it is currently good.
3b. We do not see the need for a block indicator because our payout method is not dependent on blocks found. If we open our PPLNS section of the pool, we will add this feature
4. Our calculation method can be found in the image below.
https://imgur.com/a/0ebr4Gc I have completed my 1 month review of the pool. Here is the
review link again for anyone who missed it. I only took into account BTC earning for this review. This is my
earnings spreadsheet for anyone to review. My final post in the review has my recommendations to improve the user experience.
Novablock - Thanks for the opportunity to review your pool. I hope you find this was done to your satisfaction. Please let me know here, my review thread, or via telegram if I left anything out.
Hey Steamtyme,
Thanks for doing this review on our pool, we hope that it was an enjoyable experience. We will take your review into consideration.
To answer your questions in the review:
1) As mentioned above, if a worker name is incorrectly entered I would expect the pool to reject the shares. This will help miners notice an issue, and is a more honest way of doing business.
- I have brought this to the attention to my technical team and will suggest we fix this immediately.
2) When merged mining is implemented, either cash out the coins yourself and provide miners with an equivalent BTC reward. This would be beneficial for those that don't want the hassle of selling these coins. Convenience is key.
- I will discuss internally with the team if this can be added.
3) Implement the example of what your miner should look like somewhere visible on the dashboard. This could be a generic mock setup including the Stratum address, Miner setup, and password.
4) More clarity on what the the transaction portion is in your PPS+ system. Is it set in stone or will it adjust if transaction fees increase? There have been several times in the last few years where the transactions add 10-20% reward for the block finder. It would be nice to know you get a piece of that, should it happen.
- Please see the link here for details on how we calculate the transaction portion of our fee. It is not static and changes.
https://imgur.com/a/0ebr4Gc 5) Leave your fee at 2.5%. This will provide you with a great advantage over other pools.
- We plan on having special fees for our Bitcointalk members, so please stay tuned. Keep in mind that the large pools that use a similar payout method (FPPS) generally charge 3% - 4%, this is due to the additional risk that pools take on.
6) My biggest advice would be to offer PPLNS with a lower fee. Your pool is a good size for that and it is a very attractive feature to many miners, especially if you a large enough to reduce variance.
- This is a possibility, we are currently discussing interest with larger farms. If a large farm is interested in it, we will open it up to our smaller users also.
Stay tuned for exciting announcements we will be having in the near future.
