Topic: [POOL][Scrypt][Scrypt-N][X11] Profit switching pool - wafflepool.com - page 173. (Read 465769 times)

It may have been too good to be true but clever marketing.

It's very good to know you are not asleep at the wheel/switch poolwaffle.

Keep up the good work, stay on the ball,

The early bird catches the 1st worm and all that.

Also nothing stops them to bring in hefty pool fee when they see it appropriate.  

Edit: 41 ghs mark at gh.io

That may very well indeed end up happening, but poolwaffle currently holds in his hand the hammer to smash it to bits in one fell swoop.  That can only be said about very few people.  A great number of individual scrypt miners are asleep at the switch.

And they executed it perfectly apparently.  Since I spent all morning writing a proxy, and I'm sure a ton of people switched over, and won't check again until tomorrow.

For now, I'll keep the proxy running, but I'll actively tweak percents, as they hit 1.25x instead of 2x, I'll back it off.  If they stay above that 40GH mark for a decent amount of time (I'm going to guess they will), I'll disable the proxy and we'll go back to our own switcher.

Looked too good to be true, definitely was too good to be true...

Miners end up destroying that 'bonus' offer by themselves, i guess that is part of the cex plan.

Please don't ruin that CEX.IO offer from everyone.

Getting way too close to 40GH/s already..

Given this newly structured ghash.io offer, the right thing for poolwaffle to do is NOT to proxy any traffic over to ghash.io, and instead allow his miners to individually decide where to mine.  They will all be back here in six days at most, so I wonder which road he will choose???

Will he destroy the ghash.io bonus offer for those who choose to move temporarily, or will he do what is best for those who are actually paying attention to mining variables?  (I think I've gotten a good feel for which option he will choose; it will be interesting to see if I'm right.)

Ye, cex.io is bullshit most of the time. 

Simply, too good to be true 

ouch, 39.30 Gh/s   now 

At their current 38 GH/s, Ghash.io will generate approx 7775LTC per day at current difficulty or approx US$128,000.00 per day in litecoin.  Does anyone here really think that they are ever going to pay out an additional US$128,000.00 in bonuses daily?  Does this not sound just a little bit too good to be true?

Update:  Oh never mind.  It seems they have already retracted their bonus offer.  Big surprise.

make a "favicon" for this nice statistic

Pool fee is 0% ! Doubled rewards for LiteCoin mining ends in [6 days, 1 hour, 27 minutes, and 56 seconds]
To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x2.
Pool Speed   Reward multiplier
0 – 40 GH/s   x2
40 – 60 GH/s   x1.25
60+ GH/s   x1

Nothing from our business 

If GHash gets >40GH the reward goes down to 1.25.. pfft its already 3GH away, better make sure we throttle down to keep it at 2x -,-

100% - Full throttle - let's go!  

edit: 75% is also ok

ok, will add the BTC/ 1MH reported by pool for the last day.

I saw no rejects on my part. I was going 100%

Cool !

Can we have stats that says our "Last 24h Profits" ? It doesnt have to be graph at all just somewhere we can read that info, under the "total sent" for example. Thanks!

OK, We've got 77 / 100 responses in on the survey (free account on survey monkey only allows 100 responses), but I figure thats a pretty good indicator.

For results we've got (summarizing):
First 48hrs: full proxy - 57%, half proxy - 27%, zero proxy - 7%, with most of the rest split between 25/75%.
After 48hrs: full proxy - 65%, 3/4 proxy - 13%, half proxy - 7%, rest pretty evenly split among others.

The most common comment was "Is Ghash legit?" (paraphrased).  Obviously I can't vouch for them, and they could always perform a runner (or withold the earnings, etc).  That said, I've used them in the past with bitcoin miners, they've been around for quite a while (9-12mo) and have a _large_ amount of hardware in a mining farm for bitcoin.  As far as legitimacy goes, they've got millions invested in bitcoin hardware, and it seems extremely unlikely that they would try to screw us over.

Here's what I think we'll do for now (will take me a bit here to get it rolling):
I'll start with proxying about 50-75% of the pool for the first 48hrs.  It seems like a safe medium for now.  If everything looks to be going fine, might up it to 75% as we get closer to the 48hr limit.  It will also let us keep mining a bit on our own (actually still find doge/ltc blocks) so profits won't drop to 0 during that time.

I'll setup on each endpoint a specific port for those that want to choose (one port for 0% proxy, one port for 100% proxy), the default port split based on our proxying %.

As for earnings, luckily I have about 48 hours to figure out exactly how to handle it.  The first thing that comes to mind is to start the clock when we started proxying (about an hour or so ago), and when we get earnings transferred out of GHash, I'll run one big script that pays out everyone proportionally between the start of the clock, and when the payment runs.  Its not a true PPLNS, but PPLNS is going to be _way_ too heavy when its over 48 hours.  Essentially if there are 1 million shares (example) submitted between when we started proxying and when we have a payout, and you mined 100 of them, you'd be paid 100/1000000 (100 / 1mil) worth of the payment from GHash.


From the last 1hr of testing, we're averaging around 10% rejects (so still a huge gain for profits), with bursts at 15-20% right after block finds, and 6%ish when on a long block.  This could have something to do with proxying location (we're proxying from EU), and when I get it up on the other servers, I'll have more data.

For the payout (mentioned above), we'll do something to compensate the proxying reject increase (people on the regular pool would be getting lower rejects, people on the proxy higher rejects), we'll likely normalize them for the payout.  Again, I luckily get 48hrs to write this script

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Regards