[WTB] Scrypt hashing power, paying 120% of LTC profitability - page 3.

Terk

hero member

Activity: 616

Merit: 522

Quote from: byt411 on January 25, 2014, 05:43:01 PM

So does this mean that once we get a better hashrate when pool is launched, profit will probably go up?

You can't really predict anything with altcoins so it's hard to compare tomorrow to yesterday. But considering the same moments in time: if we had bigger overall hashrate today/yesterday, our profits would have been bigger. The same goes for the future - we would have better profits with bigger hashrate than with smaller hashrate. At least up to some point (I guess with 10,000 MH/s you're too big for some smaller coins that give us some profits now).

byt411

hero member

Activity: 798

Merit: 1000

Quote from: Terk on January 25, 2014, 04:17:33 PM

Quote from: Quacko on January 25, 2014, 10:47:48 AM

Quote from: hipstacoin on January 23, 2014, 06:35:10 AM

Total Expected 0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! Wink

Don't want to spoil but...
You have 2.4MH/s as I read above and u made 0.13098332 BTC in 11 days?! That means 0,004924BTC/MH/s, seems very low to me...

No, he earned this on Jan 21st, half of 22nd and from a bonus payout for previous 10 days. He already was paid for these 10 days the amount that we agreed at the beginning (120% of LTC profitability) but then I added additional payout for the past days based on actual pool profitability. So the 0.13098332 BTC was for 2 days + additional/unexpected bonus for previous 10 days (above what was paid for these 10 days).

Let me show you a screenshot from the stats website for the last week. The BTC per 1 MH/s column is the most interesting one.

21st was our best day ever with 0.026726 BTC/MHs/day, but whole week is good in general.

Keep in mind: these are results while still leaving some money on the table as we're too small for some more difficult coins. So for example I have entirely manually disabled Dogecoin (and some other coins) which sometimes becomes the the right choice to mine. But you can't mine them with 100 MH/s. I will turn these more difficult coins back when I launch for public and gather bigger hashrate. Right now we just knowingly ignore some profitable coins for the sake of stability.

So does this mean that once we get a better hashrate when pool is launched, profit will probably go up?

Terk

hero member

Activity: 616

Merit: 522

Quote from: jamerika on January 25, 2014, 10:11:49 AM

How can I join? Expecting to receive a 4400 KH/s miner this week.

I'm launching the pool to public after the weekend and your are more than welcome to join then!

Terk

hero member

Activity: 616

Merit: 522

Quote from: Quacko on January 25, 2014, 10:47:48 AM

Quote from: hipstacoin on January 23, 2014, 06:35:10 AM

Total Expected 0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! Wink

Don't want to spoil but...
You have 2.4MH/s as I read above and u made 0.13098332 BTC in 11 days?! That means 0,004924BTC/MH/s, seems very low to me...

No, he earned this on Jan 21st, half of 22nd and from a bonus payout for previous 10 days. He already was paid for these 10 days the amount that we agreed at the beginning (120% of LTC profitability) but then I added additional payout for the past days based on actual pool profitability. So the 0.13098332 BTC was for 2 days + additional/unexpected bonus for previous 10 days (above what was paid for these 10 days).

Let me show you a screenshot from the stats website for the last week. The BTC per 1 MH/s column is the most interesting one.

21st was our best day ever with 0.026726 BTC/MHs/day, but whole week is good in general.

Keep in mind: these are results while still leaving some money on the table as we're too small for some more difficult coins. So for example I have entirely manually disabled Dogecoin (and some other coins) which sometimes becomes the the right choice to mine. But you can't mine them with 100 MH/s. I will turn these more difficult coins back when I launch for public and gather bigger hashrate. Right now we just knowingly ignore some profitable coins for the sake of stability.

Quacko

newbie

Activity: 47

Merit: 0

Quote from: hipstacoin on January 23, 2014, 06:35:10 AM

Total Expected 0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! Wink

Don't want to spoil but...
You have 2.4MH/s as I read above and u made 0.13098332 BTC in 11 days?! That means 0,004924BTC/MH/s, seems very low to me...

jamerika

newbie

Activity: 12

Merit: 0

How can I join? Expecting to receive a 4400 KH/s miner this week.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: film2240 on January 24, 2014, 05:34:08 PM

If you're willing to pay that 120% in BTC to me,I'll do it.My PC gives 400-460 KHash/s for scrypt mining.

Wait for official launch, pool is closed for now. And it's no longer 120%.

film2240

legendary

Activity: 1022

Merit: 1000

Freelance videographer

If you're willing to pay that 120% in BTC to me,I'll do it.My PC gives 400-460 KHash/s for scrypt mining.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: Terk on January 24, 2014, 07:06:02 AM

Quote from: byt411 on January 24, 2014, 03:45:39 AM

Uhhhh... So now minimum payout is 0.01BTC?

It's 0.01 BTC for ongoing payouts that happen during the day (multiple times per day). There is no sense to lower this threshold and send 0.002 BTC every couple of hours to the same user.

I will add one daily payout for users with minimum 0.001 BTC balance, so there will be 0.01 BTC minimum for ongoing payouts during the day and 0.001 BTC minimum for once-a-day payout.

That's OK. It's because some users like me, have a crappy hashrate, and dont earn that much.

Terk

hero member

Activity: 616

Merit: 522

Quote from: byt411 on January 24, 2014, 03:45:39 AM

Uhhhh... So now minimum payout is 0.01BTC?

It's 0.01 BTC for ongoing payouts that happen during the day (multiple times per day). There is no sense to lower this threshold and send 0.002 BTC every couple of hours to the same user.

I will add one daily payout for users with minimum 0.001 BTC balance, so there will be 0.01 BTC minimum for ongoing payouts during the day and 0.001 BTC minimum for once-a-day payout.

crazy987

sr. member

Activity: 252

Merit: 250

Very nice!
Been switching a lot lately, but thi is much better !

byt411

hero member

Activity: 798

Merit: 1000

Quote from: Terk on January 23, 2014, 09:33:27 PM

A quick update: automated payouts are already running and all current balance has been paid out. There will be ongoing payouts couple of times per day from now on for all “ready to pay” balances of minimum 0.01 BTC.

Uhhhh... So now minimum payout is 0.01BTC?

Terk

hero member

Activity: 616

Merit: 522

A quick update: automated payouts are already running and all current balance has been paid out. There will be ongoing payouts couple of times per day from now on for all “ready to pay” balances of minimum 0.01 BTC.

Terk

hero member

Activity: 616

Merit: 522

Quote from: byt411 on January 23, 2014, 02:12:36 PM

LOL i have a -0.0005 ready to payout balance???

This is a temporary thing because of automated payouts not working yet and the data about BTC withdrawn from exchanges is out of sync (because I don't withdraw them to the pool automated wallet yet, but to my own wallet on my computer). Until 20th Jan I was paying from my own money without waiting for coins to be exchanged, so the negative balance in “ready to pay” means “there were paid more than were withdrawn from exchanges”, which was correct on 20th Jan. The pool currently doesn't know how many BTC were withdrawn from exchanges after 20th.

So the negative balance is because I paid you more than was withdrawn from exchanges as of Jan 20th and the data of withdrawn coins wasn't synced after that. In reality, most of the unexchanged balance is already exchanged so it should be in ready for payout category.

The total balance is correct though. The difference is only some coins should be in different categories.

I'm just starting automated payouts so balances in particular categories will get sync soon.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: Terk on January 23, 2014, 03:04:54 PM

Quote from: byt411 on January 23, 2014, 02:12:36 PM

He has 2.8 MH/s

I think more like 2.3 MH/s based on 24-hour average. 2.8 MH/s was an 1-hour value and you need to remember that hashrate measured by any pool is only an estimate which is vulnerable to temporary luck/unluck in solving shares.

Of course, it can't be exact.
Terk, can you tell us why "ready for payout" balances are negative?

Terk

hero member

Activity: 616

Merit: 522

Quote from: byt411 on January 23, 2014, 02:12:36 PM

He has 2.8 MH/s

I think more like 2.3 MH/s based on 24-hour average. 2.8 MH/s was an 1-hour value and you need to remember that hashrate measured by any pool is only an estimate which is vulnerable to temporary luck/unluck in solving shares.

byt411

hero member

Activity: 798

Merit: 1000

LOL i have a -0.0005 ready to payout balance???

Quote from: crazy987 on January 23, 2014, 08:30:59 AM

Quote from: hipstacoin on January 23, 2014, 06:35:10 AM

Total Expected 0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! Wink

whats your hash power?

He has 2.8 MH/s

crazy987

sr. member

Activity: 252

Merit: 250

Quote from: hipstacoin on January 23, 2014, 06:35:10 AM

Total Expected 0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! Wink

whats your hash power?

hipstacoin

member

Activity: 98

Merit: 10

Total Expected 0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! Wink

Symon

newbie

Activity: 24

Merit: 0

Nice job !

Topic: [WTB] Scrypt hashing power, paying 120% of LTC profitability - page 3. (Read 10083 times)