Topic: [POOL] YAAMP.COM multipool multialgo profit switch with exchange - page 49. (Read 181320 times)

Thanks for that explanation, the fee structure always puzzled me.

I don't disagree with your attempts to discourage overmining small coins by creating disincentives but
I don't think a fee (that I assume goes to yaamp) is the correct way. Wouldn't it be more appropriate
to redistribute the disincentive fee to other coins/algos as an incentive to mine those more?
Putting an 8% fee in your pocket seems like profiteering.

Thank you for factoring out rentals from the fee formula and good job getting the site back up. Do you intend
to bring back some of the other algos/coins or are you going to keep the pool smaller?

Your site states a fee for auto-exchanging to BTC. Does this fee apply to auto-exchanges to other coins or just BTC?

Thanks and keep up the good work.

I guess it's easy to see, I'm kinda new to yaamp, so excuse me for dumb questions. Here's one now...

When a coin name shows in red, what does that mean?

BrainFart thx

Hello,

You need to use "-p c=AMBER"

that should fix it

i suppose when dealing with smaller quantities of bct - that would make more sense - so in that instance every day or few days would make sense ...

when you are accruing larger sums while mining - it makes sense to have them away from the mining site and into either your wallets or in the exchanges ...

why dont we have a choice in payment schedules? ... that pretty much makes more sense doesnt it? ... even if it is just a choice in the payout schedules that yaamp could provide - like 4 times a day or 8 times a day or once a day ...

would that be an idea that could be implemented? ...

#crysx

The fees I was referring to were the transaction fees for _spending_ the coins received at some point in the future (e.g. after having received, let's say small 120 payments from yaamp over a month, if there is 4 payments per day), because the spending transaction will be huge in terms of KBytes.
If someone has a huge hashrate pointed at yaamp, that is insignificant (since one receives significant payouts), but if someone has only a small hashrate, the amounts received 4 (or before 8 ) times per day are very small.  It is not quite dust, but not too far from it.
Said otherwise: I would prefer to receive 0.004 BTC once per day than to receive 0.001 BTC 4 times per day.  
It just seems more efficient to me.

I was used to the times (long gone) were payments would be sent every few days.  I wasn't worried if payments weren't received every 3 hours.  

Though I agree, as you pointed out chrysophylax, that if you are a trader, you probably would want your different altcoins as quickly as possible.  I didn't thought about that aspect.

And thanks for reducing the number of payouts, yaamp.

Yeah i guess that 8 times a day is a bit too much. we just changed it to 4 times a day. since we had little troubles recently, we wanted to payout more often so you can detect sooner any problem regarding payments.

you're right, there're no fees for miners for payments. fees are for yaamp and are small.

---

some explanation for the mining fees: each algo has their own fees. they're based on the underlying coins for each algo. fees are higher when there arent high difficulty coins to mine. the idea is to not overkill coins with too much hashpower and we try to limit the hashpower on these poor little coins. for example, the x15 fees are quite high because we're already mining 50% of the html5 coin's blocks, which is enough. so fees are based on the total hashrate and the sum of all coin's difficulty. here is the formula we use:

fees = log(total_hashrate / sum(coin_difficulty)) + 0.5

the change we just made is that the hashpower sent to rental is not used anymore in the above formula. that has an impact mostly on the quark algo. the idea is that since that hashpower is not used for mining coins, there's no reason to limit anything.

extra fees? ... how? ...

yaamp charges a percentage - not a static numeric cost ...

no matter how much is paid out or how many times - it will be the same percentage - no matter what ...

100coins of anything at 10 times a day is 1000coins ... 10% ( as an example for calculations sake ) of that is still going to be 100coins no matter if its once a day or ten times ...

so how its adding extra fees is something i cannot understand - unless you are talking about transactions fees - and they are so small its almost negligible ...

when the pay outs are paid often - then trading the coins is a great deal easier ... once a day makes it a more difficult trade option ...

so whether you are looking at fees or trading - i cant see the benefit of a once a day payout - like in blackcoinpool for instance ...

especially if you are a trader - long or short term - you want the coins to be available to you at the smallest increment of time - not the longest ...

in any case - if you feel that its beneficial for you to lengthen it - and yaamp agree - the least yaamp can do is have an option for payout times - for us to choose - and allow us as a user to chedule the payouts ... that way you can schedule every day - and i can schedule every hour - while others can schedule all in between ...

#crysx

A suggestion:

Would it be possible to have payouts _less_ often?  Yes, I am asking for less often.
Currently, I can see up to 7 payouts per 24 hours, and that feels useless to me - it is only adding extra fees when those coins will need to be spent in any relatively big amount.

I would be very happy with payouts only once per day, it would make things much easier (and cheaper).

And for those who feel they cannot trust yaamp for keeping the coins that long - well you are already trusting yaamp to give you the correct amount of coins for the shares submitted, without having any way to verify that.  So if you do not really trust yaamp, then why are you mining here? 
And if 24 hours of coins represent an amount soooo big that you cannot bear even the thought of loosing it, then I think you should really have your own pool or mine solo. 

Hi yaamp, wassup with payouts .. ?
http://yaamp.com/?address=LYjbFTuz5VfWazBR1mVfuxrDSBCgWGYXyL Still waiting and waiting .. Please push.
Regards.

why can not  mining neocrypt. I tried different miners and is wont  start. Same  bat fileq but now wont start.
what's happening

DOGED is not paying out according to the payout times.
Would you please look into this?

same question with regards to 'blake' and 'blake2b' ...

are they mined the same way with the same miner settings? ... or are they completely different? ...

#crysx

Will someone tell me if the references 'scryptn' & 'scryptNf' are the same? I'm confused about these 2 algo terms. Thanks

Yaamp is back and still soo high FEE for something half-working 

5.1% for X15 + 2% to convert to BTC
4% for quark + 2% to convert to BTC

Sort everything and think about lower fee, or no fee while you have soo much trouble

Yes, the neoscrypt stratum seems to be having difficulties, it keeps disconnecting.  (The X11 stratum, for instance, seems fine and stable.)

Btw, I am glad you are back, yaamp! 

why can not minning neoscrypt. i use SGminer-5.1-dev-Neoscrypt.
 has a problem with the site yet

Oh cool, just noticed that my mining software is returning numbers for YAAMP. Looks like it's a little wonky though; sometimes the API doesn't seem to give any readout at all (checking in a browser sometimes returns a blank page).

At any rate, welcome back!

Yaamp, can you fix this in the API?

Glad to see the site back up and running.

Disappointed at not yet seeing a Scrypt-N algo. 
Perhaps that will be up too in the next few days?