Topic: Why are you still mining on AntPool? (Read 48501 times)
^^^ LOL, you got that right!
Because this is the best pool and gives 0.0024-0.0026 for each S9
Only a totally naive noob, or paid shill, would think a pool that keeps all the txn fees is the best. 
Antpool is like Best Korea except that miners are volunteering to be slaves.
Because this is the best pool and gives 0.0024-0.0026 for each S9
Only a totally naive noob, or paid shill, would think a pool that keeps all the txn fees is the best. 
Because this is the best pool and gives 0.0024-0.0026 for each S9
Some people just don't understand...Look at the latest blocks. Other than the empty block (yes, AntPool is STILL mining empty blocks, even though there are nearly 200k unconfirmed transactions) each block solved by AntPool today has averaged over 4BTC in fees. Every. Block. As of this post, that's 77.14335391BTC AntPool has kept for themselves since the day started.
Let me put that in bold for you:
77.14335391BTC
They've solved 18 blocks so far and generated 225BTC from those solves.
They have kept 34.29% of your earnings.
i need to see real number to notice the difference not only words ...
how much you was making on antpool and how much you are making now when changed to other pool
that's the only answer that will make me change the pool
How many times do you need to read it:how much you was making on antpool and how much you are making now when changed to other pool
that's the only answer that will make me change the pool
Tx fees are averaging 10-30% - and more - above the base reward of 12.5, currently on Slush they are seeing block rewards + Tx exceeding 16.5 BTC, highest recently was over 21BTC.
Antpool keeps the Tx fees meaning that Kano, Slush, and others that give us the fees pay us 10-30% more than Antpool.
Clear enough for ya?
Crystal.
i need to see real number to notice the difference not only words ...
how much you was making on antpool and how much you are making now when changed to other pool
that's the only answer that will make me change the pool
How many times do you need to read it:how much you was making on antpool and how much you are making now when changed to other pool
that's the only answer that will make me change the pool
Tx fees are averaging 10-30% - and more - above the base reward of 12.5, currently on Slush they are seeing block rewards + Tx exceeding 16.5 BTC, highest recently was over 21BTC.
Antpool keeps the Tx fees meaning that Kano, Slush, and others that give us the fees pay us 10-30% more than Antpool.
Clear enough for ya?
i need to see real number to notice the difference not only words ...
how much you was making on antpool and how much you are making now when changed to other pool
that's the only answer that will make me change the pool
how much you was making on antpool and how much you are making now when changed to other pool
that's the only answer that will make me change the pool
When will a Mod close this useless thread?
why any one would mine on antpool is a good ? that does not have any good answers other then they must not know how hard they are getting ripped off or do and dont seem to mind that ant pool keeps all the tx fees from every block. and is basically an insanely high hidden fee. You do all the mineing and they get most of the profits.
...and newbies can easily find that how much they can get DAILY
..
..
Yes, some people are just lazy and don't spend their time gathering knowledge like they should be.
No other reason for mining at antpool. Just laziness.
I'm also new to mining, and I think there are some reasons why people still mining on those big pools:
- Big pools also have better appearance and more well-known as well (even on wiki), and newbies can easily find that how much they can get DAILY
- They wanna get daily payment (even if they're smaller )
I now have 3 S9, 2 of them stick to viabtc or btc.com, and 1 to kano. 2 are for monthly payments, cause I sometimes can't wait for kano to get block & confirm, payment as deadline for invoices come....
Just my thought
- Big pools also have better appearance and more well-known as well (even on wiki), and newbies can easily find that how much they can get DAILY
- They wanna get daily payment (even if they're smaller )
I now have 3 S9, 2 of them stick to viabtc or btc.com, and 1 to kano. 2 are for monthly payments, cause I sometimes can't wait for kano to get block & confirm, payment as deadline for invoices come....
Just my thought
Guys, just a daily by mining on pools that payout it bitcoin, you are automatically lowering the price of dash (which is being sold to get your bitcoin) and therefore lowering the amount of money you earn.
Now recommend me a good dash pool without hidden bullshit fees so I can stack up some dash before price skyrockets
So then perhaps checkout the ALTCOIN areas to find said altcoin pool... This area is Bitcoin, remember? Now recommend me a good dash pool without hidden bullshit fees so I can stack up some dash before price skyrockets
Hi all! I am a beginner and I want to start mining Bitcoins. From the Forum I understood, that Kano has lot of advantages, compared to Antpool. Could you send me a link, where I can register and start mining with Kano?
Just changed to Kano after reading this thread
Logged into slush and I had a pending balance waiting for me FROM 4 YEARS AGO! (it was below my minimum payout)
Put in a new trezor btc address, changed the min payout and got a payout 10 minutes later that has been sitting in slush for over 4 years
I used to run 7950 gpu rigs and mine to slush wayyyy back, was fun getting paid .1 btc every few hours, that would be REALLY fun now lol
Logged into slush and I had a pending balance waiting for me FROM 4 YEARS AGO! (it was below my minimum payout)
Put in a new trezor btc address, changed the min payout and got a payout 10 minutes later that has been sitting in slush for over 4 years
I used to run 7950 gpu rigs and mine to slush wayyyy back, was fun getting paid .1 btc every few hours, that would be REALLY fun now lol
Slush is the pool I used to mine with as well (under a different user name). Good to see they are still around.
Just changed to Kano after reading this thread
Logged into slush and I had a pending balance waiting for me FROM 4 YEARS AGO! (it was below my minimum payout)
Put in a new trezor btc address, changed the min payout and got a payout 10 minutes later that has been sitting in slush for over 4 years
I used to run 7950 gpu rigs and mine to slush wayyyy back, was fun getting paid .1 btc every few hours, that would be REALLY fun now lol
Logged into slush and I had a pending balance waiting for me FROM 4 YEARS AGO! (it was below my minimum payout)
Put in a new trezor btc address, changed the min payout and got a payout 10 minutes later that has been sitting in slush for over 4 years
I used to run 7950 gpu rigs and mine to slush wayyyy back, was fun getting paid .1 btc every few hours, that would be REALLY fun now lol
I just switched to Kano as well, I hope you guys know what ur talking about. I'm only running a single s9 because of power limitations at my house so really doesn't matter. I've been trying a few different pools out the last couple weeks. I am a fan of the smaller pools even though I don't bring much to the table, I was at Bitminter for a while and loved it but the difficulty has just made that pool obsolete due to it's low miner population/smaller miner rig sizes. Waited 54 days for one block once, got a big chunk of BTC but that's just too long, I need to pay the bills ya know.
You've gotta look at the stats long term. Thats the only thing that matters. I mined with antpool and slush before i changed to kano last year. I've been mining there ever since. Year every once in a while the blocks take longer, but overall i make more BTC on kano than i ever could have on antpool or slush.
31hours so far on Kano. Looking at recent average it should be around 1 a day. Hopefully fruits appear soon. Seen many blocks I have missed on Slush 
.
.
no more, switched to Kano as well 
Been on Kano for around 18 hours now, two blocks have been rewarded.
http://www.solent-renegades.co.uk/images/mining/kano_rewards.gif
Notice the 'Your N Avg' is only around 300Gh/s, but the Miner is doing around 1.1Th/s at present. Also notice 'Your N Range' this is the amount of hours your work is averaged over, so around 5 days it will take for my 'Your N Avg' to reach the correct throughput value.
This is okay, as we can roughly predict the rewards from this. (0.00004807 / 302.62) * 1100 = 0.00014855 BTC per block
http://www.solent-renegades.co.uk/images/mining/kano_block_stats.gif
Recently Kana has been roughly doing a block per day over the last 5 blocks. Lets take an average over the last 25 blocks. Taking 13.5 days to complete. So almost 2 blocks a day. 1.85 blocks processed in a day.
So a rough daily reward going by the results in the last 25blocks/2 weeks is, 0.00014855 * 1.85 = 0.00027509 BTC per day using the Antminer S5 @ 1.1Th/s.
http://www.solent-renegades.co.uk/images/mining/kano_rewards.gif
Notice the 'Your N Avg' is only around 300Gh/s, but the Miner is doing around 1.1Th/s at present. Also notice 'Your N Range' this is the amount of hours your work is averaged over, so around 5 days it will take for my 'Your N Avg' to reach the correct throughput value.
This is okay, as we can roughly predict the rewards from this. (0.00004807 / 302.62) * 1100 = 0.00014855 BTC per block
http://www.solent-renegades.co.uk/images/mining/kano_block_stats.gif
Recently Kana has been roughly doing a block per day over the last 5 blocks. Lets take an average over the last 25 blocks. Taking 13.5 days to complete. So almost 2 blocks a day. 1.85 blocks processed in a day.
So a rough daily reward going by the results in the last 25blocks/2 weeks is, 0.00014855 * 1.85 = 0.00027509 BTC per day using the Antminer S5 @ 1.1Th/s.
I have switched to Kano today as well after reading this thread. I was on Slushpool for about 5 days. I'm new to mining, so learning and trying things out.
Was getting around 0.00003000 BTC per block on Slushpool, they could come up between 4 and 8 times a day.
So on Slushpool since 13th Sept till end of Sept 17th, a 1.1Th/s (Antminer s5) made 0.00192176BTC. So around 0.00048044BTC a day on average.
So I'll leave it on Kano for a week and see if there is a noticeable difference.
Was getting around 0.00003000 BTC per block on Slushpool, they could come up between 4 and 8 times a day.
So on Slushpool since 13th Sept till end of Sept 17th, a 1.1Th/s (Antminer s5) made 0.00192176BTC. So around 0.00048044BTC a day on average.
So I'll leave it on Kano for a week and see if there is a noticeable difference.
I switched over to Kano today
You can see at block stats that the 5. and 6. was poor performing days at slush. Yesterday was quite the opposite and would match your antpool earnings easily.
There's always some luck involved.
There's even more luck at kano, but then again a block does occationally take two days too.
Of course, as more people mine at the smaller pools they get bigger and blocks more often. We can't wait for that to happen, we gotta point our miners at them.
There's always some luck involved.
There's even more luck at kano, but then again a block does occationally take two days too.
Of course, as more people mine at the smaller pools they get bigger and blocks more often. We can't wait for that to happen, we gotta point our miners at them.
Switched to slush day and a half ago. Here are some calculations.
I've taken earnings log for roughly 24 hours period (23:57-23:05):
slush share stats for 24 hours period, 11 workers:
This looks like 0.03837569 total amount earned for 24 hours period or 0,00348869 earned per 1 miner which is not so great at all!
On the other hand while running on ant pool, I've got the following earning stats per the same 24 hours period:
ant share stats 24 hours period, 12 workers PPLNS+:
Which gave me total of 0.06371272 for 12 workers or 0,00530939 per single worker which is much better. Does anyone has similar experience or may be more positive experience with slush? As per my understanding I should earn a little more while mining with slush because it also shares transaction fees while ant does not.
(Moderator note: This post was edited by frodocooper to use code tags.)
I've taken earnings log for roughly 24 hours period (23:57-23:05):
slush share stats for 24 hours period, 11 workers:
Code:
2017-09-06 23:05 0.00499041 BTC
2017-09-06 19:57 0.00465164 BTC
2017-09-06 18:27 0.00625130 BTC
2017-09-06 14:11 0.00436370 BTC
2017-09-06 12:13 0.00503095 BTC
2017-09-06 05:55 0.00440787 BTC
2017-09-06 01:44 0.00461456 BTC
2017-09-05 23:57 0.00406526 BTC
This looks like 0.03837569 total amount earned for 24 hours period or 0,00348869 earned per 1 miner which is not so great at all!
On the other hand while running on ant pool, I've got the following earning stats per the same 24 hours period:
ant share stats 24 hours period, 12 workers PPLNS+:
Code:
0.00088305 2017-09-05 20:56:43
0.00183433 2017-09-05 18:49:31
0.00185726 2017-09-05 18:47:37
0.00180223 2017-09-05 18:36:56
0.00176714 2017-09-05 17:54:50
0.00182929 2017-09-05 17:25:37
0.00181228 2017-09-05 16:48:49
0.00184875 2017-09-05 16:05:07
0.00190119 2017-09-05 13:46:04
0.00187099 2017-09-05 13:07:27
0.00187508 2017-09-05 13:01:38
0.00180875 2017-09-05 12:54:46
0.00188689 2017-09-05 12:23:37
0.00183198 2017-09-05 12:20:06
0.00182171 2017-09-05 11:57:11
0.00181533 2017-09-05 11:14:49
0.00188319 2017-09-05 10:45:00
0.00187279 2017-09-05 10:03:04
0.00189050 2017-09-05 08:24:03
0.00186119 2017-09-05 08:07:28
0.00181859 2017-09-05 07:30:55
0.00178793 2017-09-05 05:48:07
0.00180416 2017-09-05 05:27:24
0.00180796 2017-09-05 04:27:28
0.00188112 2017-09-05 04:19:09
0.00188118 2017-09-05 04:03:53
0.00180738 2017-09-05 03:34:49
0.00179688 2017-09-05 03:11:33
0.00181378 2017-09-05 03:08:41
0.00187308 2017-09-05 02:44:42
0.00187798 2017-09-05 01:59:26
0.00181983 2017-09-05 01:53:07
0.00190958 2017-09-05 00:54:11
0.00202465 2017-09-04 23:34:48
0.00185470 2017-09-04 20:25:32
Which gave me total of 0.06371272 for 12 workers or 0,00530939 per single worker which is much better. Does anyone has similar experience or may be more positive experience with slush? As per my understanding I should earn a little more while mining with slush because it also shares transaction fees while ant does not.
(Moderator note: This post was edited by frodocooper to use code tags.)
Seriously folks. Why are you mining there? You are giving up SO MUCH coin. Here's just the past 24 hours:
In the past 24 hours, Antpool has made 29.50355862BTC for themselves from transaction fees ALONE. They've solved 17 blocks, which means they've made an average of about 1.74BTC per block. That turns into 13.88% fees they are charging their miners.
Why are you giving up 13.88% of your income?
Mine on a pool that pays you for your work.
In the past 24 hours, Antpool has made 29.50355862BTC for themselves from transaction fees ALONE. They've solved 17 blocks, which means they've made an average of about 1.74BTC per block. That turns into 13.88% fees they are charging their miners.
Why are you giving up 13.88% of your income?
Mine on a pool that pays you for your work.
I'm curious to how much of their hashrate is simply b/c they put themselves as the target pool. I hope/trust users do actually change the payout address to their own, but maybe some see the btc coming to their wallet and think it 'good enough'
i would think readers of this pool sub-forum wouldn't be your target audience - and likely don't use their poo(l)
they line up in droves to buy their used miners and mine at the pool. how greedy can one company be? boy, we've all come a long way from geeks at our computers mining bitcoin for $10. only wanting enough bitcoin to buy another gpu for gaming. but hey, let's just give them or any other greedy farm corp your money.
Where would these greedy fucks be if Bitcoin was still under $100? Hmmm Imagine if the fastest miners were still the usb miners? Then bitcoin wouldn't be in the hands of the wealthy. and still in the hobbyist.
sorry kinda went off track there. probably not the thread for this
No problem... preach away Where would these greedy fucks be if Bitcoin was still under $100? Hmmm Imagine if the fastest miners were still the usb miners? Then bitcoin wouldn't be in the hands of the wealthy. and still in the hobbyist.
sorry kinda went off track there. probably not the thread for this
. This thread isn't self-moderated.SO what is the best and reliable mining pool we can choose?
I dont know why people still in that Pool. They are not loyal to Satoshi's ideas.
I always prefered to mine at Kano. The luckiest pool out there.
I always prefered to mine at Kano. The luckiest pool out there.
Personally, I've supported P2Pool for years running my own node and merge mined 8 other coins. I did not pay any transaction fees. Unfortunately, in order to be sustainable, I need to be at >50pHs.
There are so many other pools out there that are more profitable. How someone could invest thousands in an ASIC and not research pools is beyond me. I guess you are right when you say they just leave the default pools set as is.
Also I have heard people say that they think because they bought from Antminer 🐜 that it must be best to mine with them at Antpool. Boy oh boy are they wrong. Thanks for sharing this. Its worth it if we get even one miner to switch from 🐜pool.
Also I have heard people say that they think because they bought from Antminer 🐜 that it must be best to mine with them at Antpool. Boy oh boy are they wrong. Thanks for sharing this. Its worth it if we get even one miner to switch from 🐜pool.
I'm currently mining with one s9 on eu.pool.btc.com
does anybody think if i switch to https://kano.is i would see much difference?
does anybody think if i switch to https://kano.is i would see much difference?
Hello! My question is probably at the wrong place but I ask here because i read this whole post and understood that in this forum there are some people who really know a thing or two about mining. I know nothing about mining. But I really want to start mining because it seems like a pretty sweet opporunity and I need to find between 20,000$-40,000$ in the next 2-3 years for my education. The problem is that I have no clue where shall i start and how much money I will need to invest in hardware. I got a little off topic my question is: Can someone tell me where I could read some TRUTHFUL documentation on the whole deal, this should include the hardware i need the way i should set it up and how i should be mining to make the whole thing profitable. I hope my question is not too absurd and will get some feedback. Thanks!
Please start looking in the mining speculation subforum for your answers and not posting in this unrelated topic.
Hello! My question is probably at the wrong place but I ask here because i read this whole post and understood that in this forum there are some people who really know a thing or two about mining. I know nothing about mining. But I really want to start mining because it seems like a pretty sweet opporunity and I need to find between 20,000$-40,000$ in the next 2-3 years for my education. The problem is that I have no clue where shall i start and how much money I will need to invest in hardware. I got a little off topic my question is: Can someone tell me where I could read some TRUTHFUL documentation on the whole deal, this should include the hardware i need the way i should set it up and how i should be mining to make the whole thing profitable. I hope my question is not too absurd and will get some feedback. Thanks!
I see Hashnest and Kano being suggested. In my short mining life I always used Slushpool, mainly because it has a very geeky web interface.
I wonder how Slushpool compares to Hashnest or Kano. Not that I have any complaints.
I wonder how Slushpool compares to Hashnest or Kano. Not that I have any complaints.
If you're mainly after investment profit, then Kano. If you are OK with paying double pool fees (2% Slush vs 0.9% Kano) for a prettier web interface and functionality to signal/vouch for future network upgrades (EC, SegWit, EXTBLK, BIP100), then Slush will be good. There are pools that charge even less in service fees, but they tend to be too tiny. I mine at Kano myself and the current hash rate of 80PH/s ensures blocks are found more frequently than "once in a blue moon".
Hashnest is an all-in-one cloud mining service and should not be compared to Kano or Slush which are mere mining pools.
I see Hashnest and Kano being suggested. In my short mining life I always used Slushpool, mainly because it has a very geeky web interface.
I wonder how Slushpool compares to Hashnest or Kano. Not that I have any complaints.
I wonder how Slushpool compares to Hashnest or Kano. Not that I have any complaints.
^^^ What he said!
So far best in my book is Kano pool, been with them for years.
Yes people. Switch to smaller pools. I've moved away from Antpool. And it's great!
Where to bro? New miner here i've jumped around some of the larger pools but i'm open to try out some more profitable mining pools. Any info would be appreciated. Thanks.
Seriosuly switch pools. All who aren't on Hashnest. Bitmain is cancer to bitcoin community, both with support of BTU and their crap miners.
Lulz, they conveniently left out the obvious in that graph, that the fall started before that point.
But who wants accuracy, when convenience can be used to deceive people
https://i.redditmedia.com/jGkQ4jIf37fJMPFFogB94Bu4uHLrS0nchdtG8nsjalA.jpg?w=1024&s=41b0fbd171ee5af4d8d8c18572f44e60
You can go back 2 or 3 days to get the peak before the fall started.
No, I have no support for antpool as is well known, but using deception is pretty tacky.
... or you could see the obvious that the price half way thru the red line is the same at the left
Edit: if you look at any unobscured 1 month graph, the fall started about the 16th
... and a graph that pretty much puts it at 16th Mar or later:
(antpool's first BU block according the the other graph was 6th Mar)
The orange line is the 6th Mar
But who wants accuracy, when convenience can be used to deceive people
https://i.redditmedia.com/jGkQ4jIf37fJMPFFogB94Bu4uHLrS0nchdtG8nsjalA.jpg?w=1024&s=41b0fbd171ee5af4d8d8c18572f44e60
You can go back 2 or 3 days to get the peak before the fall started.
No, I have no support for antpool as is well known, but using deception is pretty tacky.
... or you could see the obvious that the price half way thru the red line is the same at the left
Edit: if you look at any unobscured 1 month graph, the fall started about the 16th
... and a graph that pretty much puts it at 16th Mar or later:
(antpool's first BU block according the the other graph was 6th Mar)
The orange line is the 6th Mar
Yes people. Switch to smaller pools. I've moved away from Antpool. And it's great!
Just out of curiosity, visited the link in your signature to see your mining pool. Unless stats aren't updated, it seems to show that the last block found was five months ago? I'm all for diversification of hash power but perhaps the reason people go for the biggest pool is simply because of the guarantee of something, no matter how small?
Good luck with bravo pool!
No, you're not mistaken. My pool last found a block on 10/12/2016. I hope you also looked at the minimal hash that is currently pointed to my pool as well.Good luck with bravo pool!
My point in the original post is, "If all the same miners mining on AntPool were mining on my pool, they would have made 13.88% more BTC". Well, on my pool it would have been 13.38% since I have a 0.5% fee.
People could be making a ton more coin for their hash, but because they think "OMG bigger is better!" they lose.
Thanks for the response Bravo. It's certainly a tough spot to move on from when you consider that most new and existing miners are as you say, out-of-the-box entrepreneurs who won't be embarassed to say that their intent first and foremost is to recoup their outlay on hardware.
Perhaps the target audience would be experienced miners who would have already recovered some and who then would see the longer term benefit of a pool they'd hit less often but ultimately earn more.
Do update the wiki with bravo pool. The word needs to get out from pools like yours.
Yeah at current rate that works out about $1million a month they keep
Thats absolutely crazy!
Antpool's fee structure:
Instructions
Payment Method Fee Description
PPLNS 0% Assign to you alter AntPool found a new block and the new block confirmations more than 3 (Transaction fees not paid out to miners for maintaining cost and the bonus for our engineers)
Earnings = 12.5 BTC * Your share count in 2.5 difficulty cycle / Total share count in 2.5 difficulty cycle
PPS -3% Earnings = 12.5 BTC * Share Count of 1 Difficulty / Current Network Difficulty
PPS+ Block Reward 4%
Tx Fee2% Earnings = 12.5 BTC * Share Count of 1 Difficulty / Current Network Difficulty + Tx Fee PPLNS
SOLO 1% Assign 12.5 BTC to you alter AntPool found a new block which is for you and the new block confirmations more than 3 (Transaction fees not paid out to miners for maintaining cost and the bonus for our engineers)
If there is no new block found for you, then there is no mining revenue for you
----
Does PPS+ not imply they -are- paying the transaction fee out for this particular payment method? Looks like they are charging 4% on the block reward and 2% on transaction fees. Antpool fees are certainly much higher than other pools when it comes to proper transaction fee payout. But it doesn't appear they are pocketing the fees.
I in no way am stating people should mine on Antpool. Frankly, Antpool is too big and your shares of the payout is probably so tiny, the fee payout isn't helping much. I would speculate their hashnest is probably eating most of it so they keep most for themselves, just in a sneaky way.
edit: I made inquiry for further clarification on how they calculate the fee if it is based upon only PPS+ users or the entire network.
Instructions
Payment Method Fee Description
PPLNS 0% Assign to you alter AntPool found a new block and the new block confirmations more than 3 (Transaction fees not paid out to miners for maintaining cost and the bonus for our engineers)
Earnings = 12.5 BTC * Your share count in 2.5 difficulty cycle / Total share count in 2.5 difficulty cycle
PPS -3% Earnings = 12.5 BTC * Share Count of 1 Difficulty / Current Network Difficulty
PPS+ Block Reward 4%
Tx Fee2% Earnings = 12.5 BTC * Share Count of 1 Difficulty / Current Network Difficulty + Tx Fee PPLNS
SOLO 1% Assign 12.5 BTC to you alter AntPool found a new block which is for you and the new block confirmations more than 3 (Transaction fees not paid out to miners for maintaining cost and the bonus for our engineers)
If there is no new block found for you, then there is no mining revenue for you
----
Does PPS+ not imply they -are- paying the transaction fee out for this particular payment method? Looks like they are charging 4% on the block reward and 2% on transaction fees. Antpool fees are certainly much higher than other pools when it comes to proper transaction fee payout. But it doesn't appear they are pocketing the fees.
I in no way am stating people should mine on Antpool. Frankly, Antpool is too big and your shares of the payout is probably so tiny, the fee payout isn't helping much. I would speculate their hashnest is probably eating most of it so they keep most for themselves, just in a sneaky way.
edit: I made inquiry for further clarification on how they calculate the fee if it is based upon only PPS+ users or the entire network.
It's fucking dirty to have such "good PR" news by helping that guy and in the same time lie about miner rewards (tx fees specifically).
Whoever Hugh is, he is outright lying to miners. Sure, they might have paid that miner back the 2.5BTC fee, but that was not previously disbursed to miners - it was squarely in Bitmain's pockets. Here's directly from their website (bold text format by me):
Also, check out their blocks... some are voting 1MB... others have no vote. There is no consistency.
Yeah at current rate that works out about $1million a month they keep Quote
Assign to you alter Antpool found a new block and the new block confirmations more than 3 (Transaction fees not paid out to miners for maintaining cost and the bonus for our engineers)
Earnings = 12.5 BTC * Your share count in 2.5 difficulty cycle / Total share count in 2.5 difficulty cycle
Earnings = 12.5 BTC * Your share count in 2.5 difficulty cycle / Total share count in 2.5 difficulty cycle
Also, check out their blocks... some are voting 1MB... others have no vote. There is no consistency.
Whoever Hugh is, he is outright lying to miners. Sure, they might have paid that miner back the 2.5BTC fee, but that was not previously disbursed to miners - it was squarely in Bitmain's pockets. Here's directly from their website (bold text format by me):
Also, check out their blocks... some are voting 1MB... others have no vote. There is no consistency.
Quote
Assign to you alter Antpool found a new block and the new block confirmations more than 3 (Transaction fees not paid out to miners for maintaining cost and the bonus for our engineers)
Earnings = 12.5 BTC * Your share count in 2.5 difficulty cycle / Total share count in 2.5 difficulty cycle
Earnings = 12.5 BTC * Your share count in 2.5 difficulty cycle / Total share count in 2.5 difficulty cycle
Also, check out their blocks... some are voting 1MB... others have no vote. There is no consistency.
https://news.bitcoin.com/bitcoin-miner-repays-customer-who-accidentally-paid-2-5-bitcoins-transaction-fee/
Quote
.... The fee, after having already been dispersed to miners as a mining reward, could have been lost forever. But instead, Bitmain decided to compensate the user for the loss with their own money. In a reply to a service ticket submitted over the issue, Bitmain notified the client of their decision.
Dear Customer,
We are sorry to hear this…
Bitcoin Miner Repays Customer Who Accidentally Paid 2.5 Bitcoins Transaction FeeFirst of all, this mistake caused by himself, and we don’t have responsibility for this. And since now, Antpool has taken PPS+ and PPLNS+ payment method, so his 2.5 bitcoin transaction fee has already paid out to all the miners in Antpool. But thanks for all of your supports and unconditional trust for Antpool and Bitmain, our company has decided to pay his loss.
Looking forward to continuing to build your trust and bringing you more added values through our advanced technology and passion.
Best Wishes,
Hugh
Bitmain
What a hell. They are claiming that miners are getting tx fees in Antpool. Dear Customer,
We are sorry to hear this…
Bitcoin Miner Repays Customer Who Accidentally Paid 2.5 Bitcoins Transaction FeeFirst of all, this mistake caused by himself, and we don’t have responsibility for this. And since now, Antpool has taken PPS+ and PPLNS+ payment method, so his 2.5 bitcoin transaction fee has already paid out to all the miners in Antpool. But thanks for all of your supports and unconditional trust for Antpool and Bitmain, our company has decided to pay his loss.
Looking forward to continuing to build your trust and bringing you more added values through our advanced technology and passion.
Best Wishes,
Hugh
Bitmain
Undoubtedly there needs to be more than one person to switch, all users being equal. Yes, there are exception scenarios like a miner having 5PH of gear, in which case being the only one to switch would be absolutely beneficial.
Even if miners didn't switch to my pool, there are other options out there. Obviously as someone who runs a pool I'd love to see more miners use it; however, my initial post wasn't an advertisement for my pool (the advertisement is in my sig). The initial post is more of a PSA. Miners (other than Bitmain themselves), no matter how big or small, are guaranteed to lose coin by mining on AntPool.
As somebody pointed out earlier in this thread, people reading it are unlikely to be the target audience. I'm sure there is a large percentage of hardware owners out there who don't even know of this forum's existence. I'd bet there is a large percentage of hardware owners who never change a thing when setting up their miners. They just plug it in and let it rip. Ok, maybe they do some of the networking stuff - which any sysadmin would be familiar with - but changing mining parameters? Not in their wheelhouse, so they just leave that stuff alone. Hey, there are blinking green lights, so it's mining!
Just out of curiosity, I googled bitcoin mining pools. Which is probably what I did a few years ago, when I initially started mining and started with Slush. I believe he was running a no fee promo at the time. Even if miners didn't switch to my pool, there are other options out there. Obviously as someone who runs a pool I'd love to see more miners use it; however, my initial post wasn't an advertisement for my pool (the advertisement is in my sig). The initial post is more of a PSA. Miners (other than Bitmain themselves), no matter how big or small, are guaranteed to lose coin by mining on AntPool.
As somebody pointed out earlier in this thread, people reading it are unlikely to be the target audience. I'm sure there is a large percentage of hardware owners out there who don't even know of this forum's existence. I'd bet there is a large percentage of hardware owners who never change a thing when setting up their miners. They just plug it in and let it rip. Ok, maybe they do some of the networking stuff - which any sysadmin would be familiar with - but changing mining parameters? Not in their wheelhouse, so they just leave that stuff alone. Hey, there are blinking green lights, so it's mining!
Mostly what popped up in in the top 10 were Slush, BTC, GHASH.IO and a couple mining pool comparisons. Both the mining pool comparisons did not include some of the newer pools, including bravo-mining. One was a wiki https://en.bitcoin.it/wiki/Comparison_of_mining_pools
You might want to get that updated to include your pool. It would probably help our your hashrate.
. Thanks for the reminder... I'll try to get it updated soon.Just out of curiosity, visited the link in your signature to see your mining pool. Unless stats aren't updated, it seems to show that the last block found was five months ago? I'm all for diversification of hash power but perhaps the reason people go for the biggest pool is simply because of the guarantee of something, no matter how small?
Good luck with bravo pool!
No, you're not mistaken. My pool last found a block on 10/12/2016. I hope you also looked at the minimal hash that is currently pointed to my pool as well.Good luck with bravo pool!
My point in the original post is, "If all the same miners mining on AntPool were mining on my pool, they would have made 13.88% more BTC". Well, on my pool it would have been 13.38% since I have a 0.5% fee.
People could be making a ton more coin for their hash, but because they think "OMG bigger is better!" they lose.
When people point out that your pool last mined a block a few months ago, they ignore that every pool has to start somewhere and the only solution is for more people to join it. The problem is that the huge pools always have money to make great promotions, while the most principled people in Bitcoin seldom have money as they never profiteer enough in the first place to make these promotions. This kind of post is a great way to get the word out about this so I do think it's acceptable for you to be promoting your pool.
Every promotion I've run has come from my own pocket. The server costs to keep my pool up are also from my own pocket. I opened my own pool a year and a half ago to provide people who were getting scammed the choice of an honest pool operator. I've spent quite a bit of my own time and money to keep things updated, including committing code to the GitHub repositories.
To date, I've given away over 11.5BTC to miners on my pool.
Just out of curiosity, visited the link in your signature to see your mining pool. Unless stats aren't updated, it seems to show that the last block found was five months ago? I'm all for diversification of hash power but perhaps the reason people go for the biggest pool is simply because of the guarantee of something, no matter how small?
Good luck with bravo pool!
No, you're not mistaken. My pool last found a block on 10/12/2016. I hope you also looked at the minimal hash that is currently pointed to my pool as well.Good luck with bravo pool!
My point in the original post is, "If all the same miners mining on AntPool were mining on my pool, they would have made 13.88% more BTC". Well, on my pool it would have been 13.38% since I have a 0.5% fee.
People could be making a ton more coin for their hash, but because they think "OMG bigger is better!" they lose.
When people point out that your pool last mined a block a few months ago, they ignore that every pool has to start somewhere and the only solution is for more people to join it. The problem is that the huge pools always have money to make great promotions, while the most principled people in Bitcoin seldom have money as they never profiteer enough in the first place to make these promotions. This kind of post is a great way to get the word out about this so I do think it's acceptable for you to be promoting your pool.
Undoubtedly there needs to be more than one person to switch, all users being equal. Yes, there are exception scenarios like a miner having 5PH of gear, in which case being the only one to switch would be absolutely beneficial.
Even if miners didn't switch to my pool, there are other options out there. Obviously as someone who runs a pool I'd love to see more miners use it; however, my initial post wasn't an advertisement for my pool (the advertisement is in my sig). The initial post is more of a PSA. Miners (other than Bitmain themselves), no matter how big or small, are guaranteed to lose coin by mining on AntPool.
As somebody pointed out earlier in this thread, people reading it are unlikely to be the target audience. I'm sure there is a large percentage of hardware owners out there who don't even know of this forum's existence. I'd bet there is a large percentage of hardware owners who never change a thing when setting up their miners. They just plug it in and let it rip. Ok, maybe they do some of the networking stuff - which any sysadmin would be familiar with - but changing mining parameters? Not in their wheelhouse, so they just leave that stuff alone. Hey, there are blinking green lights, so it's mining!
Just out of curiosity, I googled bitcoin mining pools. Which is probably what I did a few years ago, when I initially started mining and started with Slush. I believe he was running a no fee promo at the time. Even if miners didn't switch to my pool, there are other options out there. Obviously as someone who runs a pool I'd love to see more miners use it; however, my initial post wasn't an advertisement for my pool (the advertisement is in my sig). The initial post is more of a PSA. Miners (other than Bitmain themselves), no matter how big or small, are guaranteed to lose coin by mining on AntPool.
As somebody pointed out earlier in this thread, people reading it are unlikely to be the target audience. I'm sure there is a large percentage of hardware owners out there who don't even know of this forum's existence. I'd bet there is a large percentage of hardware owners who never change a thing when setting up their miners. They just plug it in and let it rip. Ok, maybe they do some of the networking stuff - which any sysadmin would be familiar with - but changing mining parameters? Not in their wheelhouse, so they just leave that stuff alone. Hey, there are blinking green lights, so it's mining!
Mostly what popped up in in the top 10 were Slush, BTC, GHASH.IO and a couple mining pool comparisons. Both the mining pool comparisons did not include some of the newer pools, including bravo-mining. One was a wiki https://en.bitcoin.it/wiki/Comparison_of_mining_pools
You might want to get that updated to include your pool. It would probably help our your hashrate.
Undoubtedly there needs to be more than one person to switch, all users being equal. Yes, there are exception scenarios like a miner having 5PH of gear, in which case being the only one to switch would be absolutely beneficial.
Even if miners didn't switch to my pool, there are other options out there. Obviously as someone who runs a pool I'd love to see more miners use it; however, my initial post wasn't an advertisement for my pool (the advertisement is in my sig). The initial post is more of a PSA. Miners (other than Bitmain themselves), no matter how big or small, are guaranteed to lose coin by mining on AntPool.
As somebody pointed out earlier in this thread, people reading it are unlikely to be the target audience. I'm sure there is a large percentage of hardware owners out there who don't even know of this forum's existence. I'd bet there is a large percentage of hardware owners who never change a thing when setting up their miners. They just plug it in and let it rip. Ok, maybe they do some of the networking stuff - which any sysadmin would be familiar with - but changing mining parameters? Not in their wheelhouse, so they just leave that stuff alone. Hey, there are blinking green lights, so it's mining!
Even if miners didn't switch to my pool, there are other options out there. Obviously as someone who runs a pool I'd love to see more miners use it; however, my initial post wasn't an advertisement for my pool (the advertisement is in my sig). The initial post is more of a PSA. Miners (other than Bitmain themselves), no matter how big or small, are guaranteed to lose coin by mining on AntPool.
As somebody pointed out earlier in this thread, people reading it are unlikely to be the target audience. I'm sure there is a large percentage of hardware owners out there who don't even know of this forum's existence. I'd bet there is a large percentage of hardware owners who never change a thing when setting up their miners. They just plug it in and let it rip. Ok, maybe they do some of the networking stuff - which any sysadmin would be familiar with - but changing mining parameters? Not in their wheelhouse, so they just leave that stuff alone. Hey, there are blinking green lights, so it's mining!
Just out of curiosity, visited the link in your signature to see your mining pool. Unless stats aren't updated, it seems to show that the last block found was five months ago? I'm all for diversification of hash power but perhaps the reason people go for the biggest pool is simply because of the guarantee of something, no matter how small?
Good luck with bravo pool!
No, you're not mistaken. My pool last found a block on 10/12/2016. I hope you also looked at the minimal hash that is currently pointed to my pool as well.Good luck with bravo pool!
My point in the original post is, "If all the same miners mining on AntPool were mining on my pool, they would have made 13.88% more BTC". Well, on my pool it would have been 13.38% since I have a 0.5% fee.
People could be making a ton more coin for their hash, but because they think "OMG bigger is better!" they lose.
Herd mentality wins out over logic very frequently. You may be right, but not for the first to switch. If one person switches, and the luck continues, their mining return will go from something to zero. You need a lot more than one person to switch. From a ROI standpoint, it is not logical to be the first to switch.
Don't get me wrong - I agree with Antpool is not where the majority should be mining. And your logic is sound if everyone did just go ahead and switch. Implementation of said switch is much more complex.
Just out of curiosity, visited the link in your signature to see your mining pool. Unless stats aren't updated, it seems to show that the last block found was five months ago? I'm all for diversification of hash power but perhaps the reason people go for the biggest pool is simply because of the guarantee of something, no matter how small?
Good luck with bravo pool!
No, you're not mistaken. My pool last found a block on 10/12/2016. I hope you also looked at the minimal hash that is currently pointed to my pool as well.Good luck with bravo pool!
My point in the original post is, "If all the same miners mining on AntPool were mining on my pool, they would have made 13.88% more BTC". Well, on my pool it would have been 13.38% since I have a 0.5% fee.
People could be making a ton more coin for their hash, but because they think "OMG bigger is better!" they lose.
Just out of curiosity, visited the link in your signature to see your mining pool. Unless stats aren't updated, it seems to show that the last block found was five months ago? I'm all for diversification of hash power but perhaps the reason people go for the biggest pool is simply because of the guarantee of something, no matter how small?
Good luck with bravo pool!
Good luck with bravo pool!
only wanting enough bitcoin to buy another gpu for gaming.
Sorry for being a little off topic.
But where can you buy gaming GPU's with Bitcoin?
NewEgg takes Bitcoin. Dang I had just bought a gaming GPU from Amazon too.
only wanting enough bitcoin to buy another gpu for gaming.
Sorry for being a little off topic.
But where can you buy gaming GPU's with Bitcoin?
in 2010/11. before the infestation of asic. back then it was for fun. Bitcoin was for us geeks....not the rich.
only wanting enough bitcoin to buy another gpu for gaming.
Sorry for being a little off topic.
But where can you buy gaming GPU's with Bitcoin?
With the amount of money they make on their hardware, it is only logical they may have simply converted X percentage of profits to mining on their own pool. A large part could easily just be them privately mining anyhow. Especially since this means, with such a huge network share, they can manipulate the difficulty level to price of bitcoin to help stretch the length of profitability/ROI calculations for selling their hardware.
I agree this thread 100%.
When you are involved in bitcoin mining you should gain such knowledge to achieve reasonable mining reward and this knowledge includes the fact that it doesn't make any sense to mine at Antpool reward-wise nor it makes no sense bitcoin network -wise.
When you are involved in bitcoin mining you should gain such knowledge to achieve reasonable mining reward and this knowledge includes the fact that it doesn't make any sense to mine at Antpool reward-wise nor it makes no sense bitcoin network -wise.
Seriously folks. Why are you mining there? You are giving up SO MUCH coin. Here's just the past 24 hours:
In the past 24 hours, Antpool has made 29.50355862BTC for themselves from transaction fees ALONE. They've solved 17 blocks, which means they've made an average of about 1.74BTC per block. That turns into 13.88% fees they are charging their miners.
Why are you giving up 13.88% of your income?
Mine on a pool that pays you for your work.
In the past 24 hours, Antpool has made 29.50355862BTC for themselves from transaction fees ALONE. They've solved 17 blocks, which means they've made an average of about 1.74BTC per block. That turns into 13.88% fees they are charging their miners.
Why are you giving up 13.88% of your income?
Mine on a pool that pays you for your work.
I'm curious to how much of their hashrate is simply b/c they put themselves as the target pool. I hope/trust users do actually change the payout address to their own, but maybe some see the btc coming to their wallet and think it 'good enough'
i would think readers of this pool sub-forum wouldn't be your target audience - and likely don't use their poo(l)
they line up in droves to buy their used miners and mine at the pool. how greedy can one company be? boy, we've all come a long way from geeks at our computers mining bitcoin for $10. only wanting enough bitcoin to buy another gpu for gaming. but hey, let's just give them or any other greedy farm corp your money.
Where would these greedy fucks be if Bitcoin was still under $100? Hmmm Imagine if the fastest miners were still the usb miners? Then bitcoin wouldn't be in the hands of the wealthy. and still in the hobbyist.
sorry kinda went off track there. probably not the thread for this
No problem... preach away Where would these greedy fucks be if Bitcoin was still under $100? Hmmm Imagine if the fastest miners were still the usb miners? Then bitcoin wouldn't be in the hands of the wealthy. and still in the hobbyist.
sorry kinda went off track there. probably not the thread for this
. This thread isn't self-moderated.
they line up in droves to buy their used miners and mine at the pool. how greedy can one company be? boy, we've all come a long way from geeks at our computers mining bitcoin for $10. only wanting enough bitcoin to buy another gpu for gaming. but hey, let's just give them or any other greedy farm corp your money.
Where would these greedy fucks be if Bitcoin was still under $100? Hmmm Imagine if the fastest miners were still the usb miners? Then bitcoin wouldn't be in the hands of the wealthy. and still in the hobbyist.
sorry kinda went off track there. probably not the thread for this
Where would these greedy fucks be if Bitcoin was still under $100? Hmmm Imagine if the fastest miners were still the usb miners? Then bitcoin wouldn't be in the hands of the wealthy. and still in the hobbyist.
sorry kinda went off track there. probably not the thread for this
Seriously folks. Why are you mining there? You are giving up SO MUCH coin. Here's just the past 24 hours:
In the past 24 hours, Antpool has made 29.50355862BTC for themselves from transaction fees ALONE. They've solved 17 blocks, which means they've made an average of about 1.74BTC per block. That turns into 13.88% fees they are charging their miners.
Why are you giving up 13.88% of your income?
Mine on a pool that pays you for your work.
In the past 24 hours, Antpool has made 29.50355862BTC for themselves from transaction fees ALONE. They've solved 17 blocks, which means they've made an average of about 1.74BTC per block. That turns into 13.88% fees they are charging their miners.
Why are you giving up 13.88% of your income?
Mine on a pool that pays you for your work.
I'm curious to how much of their hashrate is simply b/c they put themselves as the target pool. I hope/trust users do actually change the payout address to their own, but maybe some see the btc coming to their wallet and think it 'good enough'
i would think readers of this pool sub-forum wouldn't be your target audience - and likely don't use their poo(l)
How much of their pool total hashrate hashnest?
Seriously folks. Why are you mining there? You are giving up SO MUCH coin. Here's just the past 24 hours:
In the past 24 hours, Antpool has made 29.50355862BTC for themselves from transaction fees ALONE. They've solved 17 blocks, which means they've made an average of about 1.74BTC per block. That turns into 13.88% fees they are charging their miners.
Why are you giving up 13.88% of your income?
Mine on a pool that pays you for your work.
In the past 24 hours, Antpool has made 29.50355862BTC for themselves from transaction fees ALONE. They've solved 17 blocks, which means they've made an average of about 1.74BTC per block. That turns into 13.88% fees they are charging their miners.
Why are you giving up 13.88% of your income?
Mine on a pool that pays you for your work.
Jump to: