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Topic: Whatever happened to Bitcoin Affiliate Network? - page 5. (Read 23710 times)

member
Activity: 60
Merit: 10
The pool reward is pps so blocks are not necessarily paid at a 10% loss based on luck. PPLNS would be that way.

So when the pool is lucky it breaks even. When the pool is unlucky or has even luck it takes a loss. Over time it takes a massive loss. Several PPS pools went bankrupt in the past, even when charging fees.

If they have a trick or they think they have a trick to stay ahead of luck then it works until it falls apart and in the mean time I am happy with these rewards.

It's not illegal or a scam to throw away hundreds of bitcoins and pay miners too much. That's a whole different discusison.

I've only heard of one pool doing something like this before, and they were "investing" the coins in a ponzi scheme.

Asking questions here is not "stupid questions". Noone is a "complete noob idiot" for asking questions in a situation like this.

"A trick", "business structure" or "rewards in the blocks we solve" makes absolutely no sense. It sounds like a scammer talking.


Thank you DrHaribo - your knowledgable input is appreciated.

You sir are the reason why Children should not attempt this industry. If you are not 13 or still in high school, I feel bad for you. You have no understanding of business economics, and even less understanding on how to run a profitable mining pool. Please save yourself farther embarrassment and stop posting uneducated answers.

You need to learn a lot before you post such ridiculous and, i am sorry, but STUPID answers.

what i sense in you is a disgruntled teenager who was hoping to get an S3 but was never chosen as a winner and now is posting all he can in an attempt to tarnish a reputation. Sorry but that is what your post is screaming behind the scenes.
It seems you are unaware that DrHaribo is a respected and experienced mining software writer and pool operator that has been here with the bitcoin community for a long time. I suggest you reconsider what you just said in light of that fact.

Absolutely, well said CK.

@cyberpinoy: Assuming someone who has a relatively new account to be a "stupid noob", as you so eloquently put it, is fool hardy & reckless. I am heavily involved in Bitcoin & the mining scene & have been for some years now - my choosing to open an account at bitcointalk recently does not make me any less experienced, nor does it mean that I can be considered a target for insults from members simply because they have had an account here for a longer period than me, especially when all I have done is stated facts that you obviously don't like to read, for whatever reason.

I don't post very often, only when I feel strongly enough about something to do so, & the antics of BitcoinAffiliateNetwork (BAN) - it's owner, it's admin, it's methods, it's complete lack of transparency, it's lies &  it's many posts of hatred from fake user accounts against any user who questions it's feasibility/honesty is such an occasion.

Mine with them if you want, nobody is stopping you. But don't expect concerned members to stop questioning their behaviour by simply throwing insults at them - on the contrary - it will only make them more determined to get to the truth, much of which has already been exposed in their scam thread.
legendary
Activity: 1500
Merit: 1002
Mine Mine Mine
You sir are the reason why Children should not attempt this industry. If you are not 13 or still in high school, I feel bad for you. You have no understanding of business economics, and even less understanding on how to run a profitable mining pool. Please save yourself farther embarrassment and stop posting uneducated answers.

You need to learn a lot before you post such ridiculous and, i am sorry, but STUPID answers.

what i sense in you is a disgruntled teenager who was hoping to get an S3 but was never chosen as a winner and now is posting all he can in an attempt to tarnish a reputation. Sorry but that is what your post is screaming behind the scenes.
It seems you are unaware that DrHaribo is a respected and experienced mining software writer and pool operator that has been here with the bitcoin community for a long time. I suggest you reconsider what you just said in light of that fact.

+10000000000000000000000000000000000000000000000000000000000 CK

anyone experiencing low hashrates ? i'm getting about 10% lower than normal even after trying multiple different settings after many hours of tests.

If you mean on the BAN pool then no my hash rate and payout have been very stable. At first I thought I was seeing a drop in my payouts because after the difficulty change it seemed it was a day and a half later before I seen the drop But it looks normal for the change.

i asked about hashrate NOT payouts aurel & most know that payouts do get slightly delayed sometimes when the "hot" wallet runs dry.

below is a screenshot of my 2nd dc that i just copy & pasted couple mins ago. all miners are identical & they're 1.5ths each. but most of them are hashing lower than normal Huh been scratching my head for sometime with various settings as i mentioned earlier too.

here's the weird part, but when i mine at other pools, the hashrates are pretty close to normal except @ BAN & Nicehash which we all know about.

WorkerHashrateDifficulty
101   1,205.60   4096
102   1,265.89   4096
103   1,356.31   512
104   1,265.89   512
105   1,205.60   4096
106   1,356.31   296
107   1,265.89   512
108   1,054.90   37
109   1,416.59   512
110   1,145.32   10
111   1,356.31   47
112   1,446.73   8
113   1,265.89   0
201   1,235.74   0
202   1,265.89   0
203   1,296.03   0
204   874.06   4096
205   1,687.85   512
206   1,265.89   512
207   1,416.59   2196
208   1,235.74   63
209   1,326.17   0
210   1,205.60   512
211   1,145.32   4096
212   1,537.15   4096
213   1,235.74   4096
51   1,537.15   2264
52   1,265.89   1953
53   1,386.45   1846
54   1,537.15   1999
55   1,567.29   2113
Total   40,628.93
legendary
Activity: 1232
Merit: 1000
anyone experiencing low hashrates ? i'm getting about 10% lower than normal even after trying multiple different settings after many hours of tests.

If you mean on the BAN pool then no my hash rate and payout have been very stable. At first I thought I was seeing a drop in my payouts because after the difficulty change it seemed it was a day and a half later before I seen the drop But it looks normal for the change.

Edit: The reason I mention my payouts is this is what I spreadsheet out daily. As long as the payouts are right and stable over every 24hour period for my hash rate then I assume things are right no matter what's being reported on the pools dashboard. My payouts over the last 3 days  ( also over every 2 hour payout) have been spot on and show no significant  difference from day to day.

The pool also has started merge mining which I am not a big fan of after   Eleuthria explained why BTC Guild does not merge mine.
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
You sir are the reason why Children should not attempt this industry. If you are not 13 or still in high school, I feel bad for you. You have no understanding of business economics, and even less understanding on how to run a profitable mining pool. Please save yourself farther embarrassment and stop posting uneducated answers.

You need to learn a lot before you post such ridiculous and, i am sorry, but STUPID answers.

what i sense in you is a disgruntled teenager who was hoping to get an S3 but was never chosen as a winner and now is posting all he can in an attempt to tarnish a reputation. Sorry but that is what your post is screaming behind the scenes.
It seems you are unaware that DrHaribo is a respected and experienced mining software writer and pool operator that has been here with the bitcoin community for a long time. I suggest you reconsider what you just said in light of that fact.
legendary
Activity: 1500
Merit: 1002
Mine Mine Mine
anyone experiencing low hashrates ? i'm getting about 10% lower than normal even after trying multiple different settings after many hours of tests.
hero member
Activity: 1008
Merit: 502
What makes you think he is running on a 10% loss, I suggest you do a little more research into pools management, maybe take a class or two if you can find one, or just call s0br maybe if you ask nicely he will share with you how to profitably run a pool without scamming and unethically screwing your members.

If instead of charging a fee you pay out a 10% bonus then you are running at a 10% loss.

Ask yourself, how can a pool consistently over pay it's miners?

Actually there is a trick and I know it and I bet the rest of the loyal BaN members have figured it out as well. if you have a business structure like s0br has set up, you can pay bonuses and still make a wonderfully nice profit. You just have to be smarter than the keyboard you are typing on. In your case you clearly lack this skill.

There is no trick with a mining operation on its own. Maybe he has a side business that runs with a profit. But if the mining operatiion pays out 10% more than what comes in, then it's running at a 10% loss. If you are paying someone 11 BTC to mine 10 BTC for you then you are losing bitcoins fast.

Where is that payment coming from?

Very simple from the rewards in the Blocks we solve DAAAH

So when a block is created and the pool gets 25 BTC it pays out 27.5 BTC from those 25 BTC. That makes sense.


You sir are the reason why Children should not attempt this industry. If you are not 13 or still in high school, I feel bad for you. You have no understanding of business economics, and even less understanding on how to run a profitable mining pool. Please save yourself farther embarrassment and stop posting uneducated answers.

You need to learn a lot before you post such ridiculous and, i am sorry, but STUPID answers.

what i sense in you is a disgruntled teenager who was hoping to get an S3 but was never chosen as a winner and now is posting all he can in an attempt to tarnish a reputation. Sorry but that is what your post is screaming behind the scenes.
legendary
Activity: 1232
Merit: 1000
it all the same and comes down to weather he is lucky enough to find the blocks.

When you pay a very high price to rent hashes and a very high price for people to mine in your pool you have to be extremely lucky just to break even.

Noone is that lucky.


I am not saying weither it's a smart move or not to rent or pay what the pool does, but am just pointing out what I see. Since it pays PPS and I get paid every 2 hours, I really don't care how many blocks are found or what kind of luck the pool has. I will say I am happy to have won a S3 miner from the pool and am happy with the payouts I have been getting.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
My pool went nuts with luck the last 2 days.

If you want to bet against the odds you can rent hashpower at high prices too. Wink

Nope, I have zero delusions about "luck" ... though many in Bitcoin seem to have not heard about or understand random probability and statistics in general Smiley

There was no betting against any odds, it was simply that my pool was extremely "lucky" for the last 2 days.

History shows your luck.
Your history of "luck" has NO effect on future expected block finding.
legendary
Activity: 2730
Merit: 1034
Needs more jiggawatts
My pool went nuts with luck the last 2 days.

If you want to bet against the odds you can rent hashpower at high prices too. Wink
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
...

Noone is that lucky.

The only statement in all you said that I'd disagree with Cheesy

My pool went nuts with luck the last 2 days.
6 blocks in a row under 21% of diff - pool averaged 10.4% diff for 6 blocks in a row.
legendary
Activity: 2730
Merit: 1034
Needs more jiggawatts
it all the same and comes down to weather he is lucky enough to find the blocks.

When you pay a very high price to rent hashes and a very high price for people to mine in your pool you have to be extremely lucky just to break even.

Noone is that lucky.
legendary
Activity: 1232
Merit: 1000
One of the big things at play with the pool is it seems the pool operator owns or controls most of the hashing. So even the 10% he pays out to the minority of the miners I think is still less than what he is paying for rent on a lot of his miners. So if you would look at the fact if he is renting a large portion of his hashing or paying the same amount or less out to miners on a PPS it all the same and comes down to weather he is lucky enough to find the blocks.

Edit: all the above is my opinion only
legendary
Activity: 2730
Merit: 1034
Needs more jiggawatts
The pool reward is pps so blocks are not necessarily paid at a 10% loss based on luck. PPLNS would be that way.

So when the pool is lucky it breaks even. When the pool is unlucky or has even luck it takes a loss. Over time it takes a massive loss. Several PPS pools went bankrupt in the past, even when charging fees.

If they have a trick or they think they have a trick to stay ahead of luck then it works until it falls apart and in the mean time I am happy with these rewards.

It's not illegal or a scam to throw away hundreds of bitcoins and pay miners too much. That's a whole different discusison.

I've only heard of one pool doing something like this before, and they were "investing" the coins in a ponzi scheme.

Asking questions here is not "stupid questions". Noone is a "complete noob idiot" for asking questions in a situation like this.

"A trick", "business structure" or "rewards in the blocks we solve" makes absolutely no sense. It sounds like a scammer talking.
member
Activity: 90
Merit: 10
I am not in the know there and I am not going to condemn or promote them either way, but I do want to try to clear the fud about this. The pool reward is pps so blocks are not necessarily paid at a 10% loss based on luck. PPLNS would be that way. If they have a trick or they think they have a trick to stay ahead of luck then it works until it falls apart and in the mean time I am happy with these rewards.
legendary
Activity: 2730
Merit: 1034
Needs more jiggawatts
What makes you think he is running on a 10% loss, I suggest you do a little more research into pools management, maybe take a class or two if you can find one, or just call s0br maybe if you ask nicely he will share with you how to profitably run a pool without scamming and unethically screwing your members.

If instead of charging a fee you pay out a 10% bonus then you are running at a 10% loss.

Ask yourself, how can a pool consistently over pay it's miners?

Actually there is a trick and I know it and I bet the rest of the loyal BaN members have figured it out as well. if you have a business structure like s0br has set up, you can pay bonuses and still make a wonderfully nice profit. You just have to be smarter than the keyboard you are typing on. In your case you clearly lack this skill.

There is no trick with a mining operation on its own. Maybe he has a side business that runs with a profit. But if the mining operatiion pays out 10% more than what comes in, then it's running at a 10% loss. If you are paying someone 11 BTC to mine 10 BTC for you then you are losing bitcoins fast.

Where is that payment coming from?

Very simple from the rewards in the Blocks we solve DAAAH

So when a block is created and the pool gets 25 BTC it pays out 27.5 BTC from those 25 BTC. That makes sense.
hero member
Activity: 1008
Merit: 502

It's hard to believe that you actually fell for this BS..... Roll Eyes

Do you seriously think that a pool can run at a 10% loss on everything they earn? How is that? All you know is what they claim they do - & what they claim is completely different to what they actually do, as has been clearly shown already. Ask yourself, how can a pool consistently over pay it's miners? Where is that payment coming from? Where is the proof that you are getting 10% more on every payment? Where are the stats that clearly show this 10% payment?

It's barely possible to run a pool at a profit under normal circumstances, ask any reputable pool dev, so to run a pool at a 10% loss is impossible unless a) they have more BTC than sense and want to give it away (like their S3's?  Cheesy), or b) It's BS.

Given their history - I'll go for b)

Let me first say Hello SUPER NEWBIE and welcome, it is nice to see you with so few posts (even less than me) attacking an honestly good pool. i will take your questions one at a time and slowly so you can understand. Since you clearly have NEVER mined on this pool, it makes me wonder why you even posted such negativity about them. if you did mine on their pool you are either blind or just plain stupid because a lot of the "proof" you asked for has always been plainly right in front of you.

Do you seriously think that a pool can run at a 10% loss on everything they earn?

What makes you think he is running on a 10% loss, I suggest you do a little more research into pools management, maybe take a class or two if you can find one, or just call s0br maybe if you ask nicely he will share with you how to profitably run a pool without scamming and unethically screwing your members.

Ask yourself, how can a pool consistently over pay it's miners?

Actually there is a trick and I know it and I bet the rest of the loyal BaN members have figured it out as well. if you have a business structure like s0br has set up, you can pay bonuses and still make a wonderfully nice profit. You just have to be smarter than the keyboard you are typing on. In your case you clearly lack this skill.

Where is that payment coming from?

Very simple from the rewards in the Blocks we solve DAAAH

Where is the proof that you are getting 10% more on every payment? Where are the stats that clearly show this 10% payment?

ok this is how I know you have NEVER mined on this pool or you are just very stupid. The bonuses are not listed in one place but actually 3 different places, they are in realtime ran on the dashboard, they are in your transaction history and they are in your earning history. how you could have possibly missed this is beyond me. Since the first day i have mined there your reward per submitted share has always been available and in viewing, your estimated shares are calculated as well, your hashrates for each worker is in realtime and shown,  and the bonuses and BTC you earn are clearly shown in a few places with a constant running statistic as well.

Please sir before you make yourself look stupid, if you have pissed the owner and admins off in BaN I will gladly answer your stupid questions so you will not look like a complete noob idiot. Just PM me and ask, if I can answer you I will. this posting of yours was a very false and ridiculous attempt to attack this pool with lies and slander. even a non member can see some of these things just by going to the site.
member
Activity: 90
Merit: 10
You seem to have determined to believe it anyway, simply because they say so. Anyone who posts stats & proof will be believed. Show everyone these 10% extra payouts you get..... Roll Eyes

Where is the proof that you are getting 10% more on every payment? Where are the stats that clearly show this 10% payment?

Stats & proof or it ain't happening.

Ok, this is my last feeding of the trolls. This is my dashboard that updates in near-real time, so you could verify yourself in half the time it took me to take this screen shot.
http://i.imgur.com/XoCeJ1O.png

You should be able to calculate out based on the number of normalized to difficulty 1 shares that I submitted ("Pending Shares") the current PPS rate and my pending payment. Note that I am getting paid every 24 hours, a change I recently made there in order to produce fewer transactions in my wallet, and because I have grown to trust them to make the payouts like they should. The default is 2 hours and the maximum is 24 hours.

I'd really prefer to not post my current receiving address publicly, but if you PM me for it I will share it privately and you will be able to verify that my payout will be the pending + bonus.

My hashrate there is approximately 3.2TH/s.
grn
sr. member
Activity: 357
Merit: 252
Where is the proof that you are getting 10% more on every payment? Where are the stats that clearly show this 10% payment?

Stats & proof or it ain't happening.

My payment for last 4 hour period...

Time: 2014-11-06 19:06:26 Amount: 0.01441407 Bonus: 0.00131037 Donation: 0 Shares: 20758183 Avg Hashrate from last payment 6,189.05 GH/s 203ba4f9b66a4... 12 confirmations.
sr. member
Activity: 379
Merit: 250
Welcome to dogietalk.bs
You seem to have determined to believe it anyway, simply because they say so. Anyone who posts stats & proof will be believed. Show everyone these 10% extra payouts you get..... Roll Eyes

Where is the proof that you are getting 10% more on every payment? Where are the stats that clearly show this 10% payment?

Stats & proof or it ain't happening.
member
Activity: 90
Merit: 10
Where is the proof that you are getting 10% more on every payment? Where are the stats that clearly show this 10% payment?

Stats & proof or it ain't happening.

You seem to have determined not to believe it anyway. Anyone who posts data here you'll just call a shill and/or say the data is made up, which it very well could be. That's why I'm suggesting that you prove it to yourself with one of your miners.
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