Topic: [WTB] Scrypt hashing power, paying 120% of LTC profitability - page 4. (Read 10066 times)

Just wanted to let you know that per-user stats are ready. They will be improved in the future but for now I think it's enough. The address is new-website/users/your-username. You also have a link on beta-stats page.

I'm finishing testing automated payouts and they will start running on Thursday. We're very close to public launch now!

Might I add, our best hour was 21/01/2014 at 21hrs, we had 1060% of LTC profitability.

Awesome! Right now its still running at 297%!

Yes, nothing changes here. You still use your bitcoin address as username and the pool address is still the same.

if i want to continu mining, as this is not clear to me now, do i still need to use my BTC address as username?

@Musent: beta is closed now. I hope launching to the public on Friday.

To all beta users: please check your stats page for links to new website and new stats. Please read the info on your beta stats page.

This is still work in progress and not all stats are available, but you can see actual profitability. Some highlights:

2014-01-21 was our best day ever. We had 360% of Litecoin profitability so you earned 0.026108 BTC per 1 MH/s today
(compared to 0.007246 BTC which mining LTC would earn). Yay!

Overall profitability since 2014-01-04 is 146%. I paid you 13.94 BTC in total for the beta period based on 120% Litecoin profitability fixed fee, but the pool actually earned 15.52 BTC during that time. The 1.58 BTC difference is your bonus payment and it will be sent as soon as the automated payment is running (I am still troubleshooting some accounting issues and haven't turned it on yet, sorry; I'll have it running tomorrow).

All the final tiny details are taking so much time and sometimes causing unexpected problems and this is the reason I'm a bit late in development compared to what I hoped. There is going to be a serious money involved and I want to have everything tested in and out before I deploy to production server. The current roadmap is more stats/reports and automated payouts done on 2014-01-22. Performance tuning on 23rd and launch on 24th. Keep your fingers crossed!

In the meantime let me know what do you think about profitability and about the stats. Thanks!

Is the beta closed for trying the pool out now?

Great work! I'm sure this will become an awesome pool, and I will continue mining at your pool!

Thank you guys! I'm really happy that you're happy with the pool

Payout for 2014-01-20 (UTC) sent:

https://blockchain.info/tx/c4c9ffc0651065b7c909e5d21364ea82435241dbefe3a0ed76b0d5e177c51656

This was the last manual payout and tomorrow new automated payouts will start running, along with the new payout model.

The beta website with your stats and earnings won't show earnings for 2014-01-21 and further, as they are not paid using fixed 120% LTC rate. You will still see your current hashrate on the current beta website to make sure that everything works well, but please wait until tomorrow evening for the new website with new stats and earning reports. I will be finishing it tomorrow and will send it to you as soon as it's ready. I'm sorry for the inconvenience. The new stats will be much more detailed and I believe you will like it!

You must wait for official launch now. Read PM for full details!

Don't even talk about your hashpower, me trying with 100KHs is already awesome!

I must say that this pool rocks!!, so far my 18000KHs have worked great so far. I can´t wait to see the post beta version!

Great Work Terk!!

Pt0x

How can I join this pool?

Well, you will earn a ton of BTC. Read your PM.

I love this pool!!

Want to see it running without BETA period!!

I trust my 80.000 KH/s to Terk, He really know what to do to get the best return!!

Thanks

I can't wait. This pool can be described with one word: AWESOME!

Great news. I have very good experiences with your pool and am anxious to see what the "real" payout is. What is the percentage fee that you're using?

Keep up the good work and great communication. Will you also be working toward more transparency? (e.g. showing what coin we are mining, total hash speeds, etc)

You've got my full hashing power!

Also looking forward to this

Excellent news, can't wait!

@byt411: You have your answer below

Payout for 2014-01-19 (UTC) sent:

https://blockchain.info/tx/16cb5936542f6029ef76e5fdca0b088e4e9f1e2fb796faaa24b1e88ac3d6b684

Dear beta users,

2014-01-20 will be the last beta day with the fixed 120% LTC profitability payouts, but this isn't a bad news as I believe you will be earning more post-beta. You can (and should ) still continue mining at my pool and you don't need to change anything - the current address will still work. Post-beta will differ in two significant ways:

You will earn what the pool actually earns minus my fee.

This means no guaranteed minimum profitability, but also means that you can earn more than the current 120%. For example the beta period was more profitable than 120%. This generally means that if this trend continues (and I'm sure it will), you can expect to earn more. I will publish detailed stats about beta period profitability soon.

Payouts will be couple of times per day and as soon as altcoins are exchanged into BTC.

We are mining altcoins which need to mature, then be sent to exchanges, then be exchanged to BTC, then withdrawn from exchanges. It all takes time and this time is different for different altcoins. During the beta I was paying you from my own money without waiting for all of this to complete. Post-beta you will simply get paid when exchanged BTC return from exchanges. For some part of your balance this will mean quicker payments than now (when the pool is mining altcoins that are quick to mature and exchange), for some part of your balance the delay will be longer. The pool website will provide very detailed stats so you will know what's the status.

Bonus payout for my great beta users!

I want to thank you all for participating in this closed beta and for the feedback that you provided. I want to show my gratitude by sending you a bonus payout! As I wrote, the pool actually earned more than offered 120% profitability during beta period (some days were worse, but most days were better) - and the post-beta payout model will be more profitable for users. What I'm going to do is simply to apply post-beta payout model to all beta hashing since 2014-01-04. So you had guaranteed 120% LTC profitability and now you will have your payments top up to the actual profitability that the pool had! This will mean a few percent more over the current 120%.

What's next.

2014-01-20 is the last beta day with current conditions (fixed 120% LTC). Then there will be the last manual and guaranteed payment after the day ends.

2014-01-21 will be paid based on post-beta conditions and will still be invitation-only. During this day automated payments module will be turned on and it will start paying exchanged balance couple of times a day. This is when the bonus payment will be sent - your balance at the start of the day will be equal to your share of what the pool actually earned since 2014-01-04 minus all your past payments since 2014-01-04 and the automated payments module will simply pay your remaining balance. During this day I'm going to test automated payments and I hope to finish the website with detailed stats and reports. You will get access to the new stats webpage as soon as it's ready.

I will also need to make some performance improvements before I let everyone in, but I'm not sure yet how long it will take. It's possible that I do it on 2014-01-21 as well, but it's also possible that I will need one more day.

Depending on the above, the public launch will be on Jan 22nd or 23rd and the pool will stop being invite only then.

Cool!
Also, when pool is officially launched, is it still 120% of LTC profitability?