Topic: [POOL][Scrypt][Scrypt-N][X11] Profit switching pool - wafflepool.com - page 230. (Read 465769 times)

This will also resolve itself over a long enough time period (although that time period is quite long at current rates).  We take a 1% fee on the pool earnings (fair I think), of which about half is eaten up by various fees (0.3% trade fees roughly, some transaction fees for moving earned coins to exchange, bitcoin out of the exchange, and then payouts).  Another portion of that (maybe 0.1%) is used for hosting costs.  Leaving me with somewhere around 0.4% fees turning into income.

That revenue for the time being is being put into a slush fund, so that at some point in the future, we ideally have 1 full day worth of payout buffered.  So if something like this (cryptsy withdrawals) happens again, we have the means to cover it while the withdrawal takes forever.  That said, at current rates, it will take 6+ months to get to that point.

Essentially you guys have a few options here, and I'm certainly not going to make the decision for you.  But we could easily raise fees to 2% (from 1%) for a month or so to build the slush fund quicker.  If there seems to be support for something like that, I can put up a poll somewhere (popup on the site or something).

On my side, I don't care either way.  2% fee would be great for building up the ability to do automated (timed) payouts.  But at the same time, we lose a tiny bit of our advantage over other pools.  This comes down to what you guys want essentially.  If you want more exact payout times, we can do that, but it comes at a (short term) cost.  If you'd rather not pay a slightly higher fee (understandable), thats perfectly fine, but if we have times like the past 2 days, where payouts are delayed from something outside of my control, thats something we'll just have to wait through.  Moving to multiple exchanges mitigates it slightly (and something I'll look into), but doesn't fix the problem completely.

Ohh for gods sake, you all arent employees of wafflepool you're running your own small business, and any business that can't handle a payment a month late let alone a couple of days is doomed to fail miserably, any good business knows they need to keep enough cash on the books to cover late payments.

And your analogies of salaries being late... very few jobs in the world pay daily and those that do don't have intermediary exchanges etc to go through to pay you, they're cash out of a till, further I don't think I know anyone who has never had a late paid salary in their life, it happens on occasion admin doesnt get the pays in before close of trade once in a blue moon, public holidays etc.

The pool is essentially brand new and just went from less than 1 GH to over 10 GH, that is bound to cause a few hiccups, give the poor guy even just a week to iron things out not mere hours.

Finally everything in cryptocurrency is volatile, this is not an industry of security, if you can't handle the wet consider getting out of the water.

+1

Thanks for the updates PW.

For the whiners...just remember if this was MC you would have had NOTHING in the way of dialogue or communication about the payment delays. This pool has only been live for just over 4 weeks and is still finding its feet. Please keep childish foot stomping out of this thread if we want PW to remain communicative.

Peace

Thanks for posting stats here, and conveniently, these line up extremely closely to the posted daily averages (assuming some small variance in share submit times, and when blocks were found, etc)

nice pool .

All I can say about Wafflepool is I'm very happy with the results.... delayed last payment but no bother for me, been a day or so late.

My payout for a 1.5 days with roughly 3MH/s has just arrived and is 0.06636829BTC. This = 0.01106 per MH

Thanks for the great pool and keep up the good work  

Thanks for the payout waffles!

Keep up the good work.

Payouts were just run.  They needed to be run in two separate batches (0.01+ and 0.001+).  Everyone should see the payouts show up basically immediately.

Again guys, really sorry about the delay, and I've still got the ticket in to Cryptsy to see if this is going to be a common thing, or if its just something they're working on fixing.  They haven't replied yet, which makes me guess that the delay was a problem affecting more than just us.  After our 2 original withdrawals went through (a bit ago), I submitted a 3rd withdrawal (to get the btc that had traded after the original withdrawals).  That went through immediately after requesting (minutes).  Making me believe its something as simple as them needing to refill a hot-wallet here and there, and it only gets refilled manually.

Again, we'll see what comes out of the ticket.  I don't like delaying payouts any more than you guys don't like receiving them, and hopefully this doesn't happen too often.

Payout`s just happened   

Over 11 of my machines in the past ~32 hours I am averaging 0.01170084 BTC per MH ($7.27 currently).

The worst machine is at 0.01085110 and the best is at 0.01233557.  I am hoping there are some manually traded coins not accounted for as unsent which will bump this up.

Still, thats better than the last 7 day average reported on the site.

Is anyone else getting better numbers?  

Thank you for your communication. I just wanted to let you know that myself, and I'm sure many others, appreciate your hard work. I hope you're ignoring all the people who think they are entitled to so much more just for turning on a couple computers, because you really are doing a great job.

any chances that wafflepool is going to add asia server?

Really? Any shop owner is actually paid daily. There isn't a constant and stable salary and it's all ups and downs just like this business.

I know of no job that pays out daily. 

PoolWaffle, I assume you already know that Cryptsy updated their API on the 19th?

The change is mentioned on BigVern's twitter and http://blog.cryptsy.com/.  He also suggested updating the address to api.cryptsy.com instead of cryptsy.com/api. 

I moved 3.6 of my 4.0MH to MC last night because of these payment delays.  Hopefully this can get fixed and I will be able to come back.

1+  -- not saying that this is my fulltime Job but, Let me tell you > If my Salary for my real job came in Late I would be SPEWING, thank goodness its never happened.

But yes your right we should treat this like our job.... We are practically working >> Maintaining our miners, paying a fee, Paying Electricity, creating budget , and always calculating profitability for your personal finances. It basically is like a second job to me.

I think because of this mess-up, poolwaffle just learnt something new - so it may be a good thing. Either Multiple Exchanges < 1+ Or multiple Payout Times< or Hire a worker that can program some things for you to automate more than one exchange like MC & his 4 automated exchanges and then you can say buy to the worker or if his any good maybe keep him. lol few pointers, which you were most likely already onto .Good luck champ

Few different things that we can learn from this. Advancing is the next step

Not concerned YET; but this must be a one time thing otherwise it might be time to move to the next pool. Better a little less revenue but payed when expected.
Compare it to the salary of your day job your salary has to be there when it should be there.

I understand it's a hard job but aren't we paying a fee for that.

That being said; the pool is stable and has low rejects that's a big plus.

Possible to add automated-payout time in the stat-page of miners own stats? (What a sentence, but I leave it like that since this isn't my native language)
What I try to suggest is a way to divide the BIG withdraw in to many other smaller withdrawals.
Maybe there could be different times of withdrawal, like 01:00, 03:00, 05:00, 07:00, 09:00, 11:00, 13:00, 15:00, 17:00, 19:00, 21:00, 23:00
Also those multiple times for withdrawal could be used without any "instant-payout"-buttonm on the stats page. Could that make
the withdrawals faster?
And to make things simpler, miners shouldn't be able to influence their withdrawal-time. This way you could separate the huge withdrawal
into 12 smaller.


PS. my withdrawal of 0.3btc came out in 3mins today from Cryptsy (not poolwaffle thou)

ditto, I am also having an issue with a small personal 0.3 BTC payout from cryptsy (non-pool related), and my payout from wafflepool.

poolwaffle - I appreciate your hard work and will stand by and wait for the payout!