Bitcoin Forum

You act like there is a zero fee and 106% PPS, but what about sharing the transaction fees to miners?

106% percent is sharing the fees without miners taking the risk of fee fluctuation.
Pools should reduce risk for miners - not roll it back to them

Lulz so either it fake and you wont be able to get the BITMAIN account to post in here saying it isn't fake ...
or worse, it's Bitmain trying to add yet another pool they control while they pretend they don't control a large % of the hash rate.

Yep you can't win with either option :)

Hey its Gadi..

Ex spondoolies running bitmain israel..

ConnectBTC pool is developed and operated by Bitmaintech Israel, Bitmain’s first R&D center outside of China, working to innovate pooled mining services, and deliver advanced capabilities to bitcoin mining operations of all sizes.

Being the newest product out of Bitmaintech Israel’s lab, the ConnectBTC pool puts the latest in pooled mining services directly in the hands of miners. ConnectBTC’s pool provides highly detailed real-time information and analytics to miners, and gives mining operators a better understanding of their performance, without having to develop custom internal monitoring tools.

Signup to enjoy:

• 106% PPS
• Real time information
• Automated creation of workers, no limitation of number of workers
• Downloadable excel sheets to keep track of historical data

Visit our website at connectbtc.com (http://connectbtc.com)

Join the conversation on
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email info@connectbtc.com

Are you supporting Bitcoin Core or Bitcoin Unlimited?

So do you mean that you have a voting possibility for miners like Slush pool has?

It means that we are focused on our customer's needs

Which means you're focused on running a profit business as much as possible

and attempting to dissociate mining from the bitcoin network at large.

I'm sorry but currently mining voting is the crucial thing lacking, preventing bitcoin from moving forward and I think your position is unacceptable given lack of miner support is what's preventing successful bitcoin evolution.

You cannot pretend mining is dissociated from bitcoin development as much as they can't pretend mining is dissociated from bitcoin development. At this point in time I'd call it negligent for a pool to not at least have a position with respect to segwit, core, and unlimited, even if that position is 'we don't want change.' If that's what you really want then at least make it clear.

To be clear are you saying it's the pools job to signal?

Yes? It's a combination of giving those miners who want to signal the option to do so, and as a way to represent the remainder that have no opinion on the matter. Basically I'm saying a pool should either give miners a choice, or have a position.

Pools are the miners' voice and the miners are the only ones who can reliably activate substantial change. People want to either choose a pool based on what it's signalling or want the pool they're already loyal to to give them the option of signalling what they want. The fact that there are lots of miners that choose pools only due to profit doesn't change the fact that pools are the ones with the actual power to effect change. Pools should be proactive and ahead of what is happening in the bitcoin development space even if the miners are less inclined to be so.

Lack of more concrete messages from the pools is the reason garbage like User Activated Soft Fork and much worse, change of PoW are being bantered around. I understand there is potentially conflict since you're representing bitmain who have a (very unpopular) position of sorts, but you have said you're an independent entity.

... and much worse, change of PoW are being bantered around ...

https://medium.com/@adamperlow9/a-proportionate-response-ddf7bd77fcaf

What about miners that want to actively abstain from choosing a side in this scaling war?
Those miners can choose this pool as a way to signal their discontent from the scaling war and both sides.

even if that position is 'we don't want change.' If that's what you really want then at least make it clear.

same question regarding kano ckpool

Well I guess to expand on that point, I have made it clear, I think, why the pool isn't voting at the moment.

When I make the PH comment, I don't mean that power sways my decision, I simply mean that I'm open to 'discussions' about what to vote if they can convince me otherwise on technical or philosophical grounds.
But it's based on the fact also that even with the pool at 30PHs we really don't have a say in what happens since we certainly can't directly affect the vote outcome.
'When' we get a lot bigger, then we will have a direct say in it :)

However, as I've already said, if the network takes the required swing to accept an option, then those left over should also take that option.
By 'required swing' of course I mean 75% for BU or 95% for SegWit

In either case I expect that if momentum gets going above 50% for either option, it shouldn't be long after that for the rest to switch over also, but until the actual switch point, it's still undecided.

If some other option pokes it's head up that most agree with, then that could solve it also.

Edit: The bottom line is that bitcoin is a peer2peer transaction system, and if the majority says 'X' is what the system should now be, then that's what bitcoin now is.
The discussions about changing the PoW to stop a majority rule is beyond stupid.
If groups want some other alt-coin then go create it, but bitcoin is a distributed peer2peer transaction system that is not controlled by some minority that thinks they are the Bitcoin God.

btw ck, what's solo.ckpool.org position or how the miners can vote?

106%  is pretty good.  but you have someone else offering 110%  for a pps pool.

So why pick your pool?

 Other then that I live next to Lakewood, NJ  and my best friends name is IRA (an attempt at humor as it is true and I think its funny)

BTW  As  we all know  the world of crypto coins is headed for changes.

The 20 billion USD of mined BTC  sitting in wallets is very attractive  target.  More so then  the 5 billion USD  waiting to be mined.

Every knows mining alts with gpus  and converting to BTC  is a viable plan  since more then likely more then 100 pc/gpu/component  companies  can subsidize an alt to make it attractive to mine.  The wealth of those companies  is over 1 trillion dollars.

Back to your pool  your Sp-Tech  roots make me want to support your pool.

-ck  and kano had a divorce  and I supported both of their pools I still do  and I sit on the fence about BU and or Segwit.

As I see it  BTC waited too long.   The idea kano had in 2011  would have solved a lot of issues about speed of confirms.

I am going to take a look at your pool today.

Are there any pool fees or do we just make a straight 110%? Do you payout daily?

sorry in advance for a noob question, but why do I still earn everyday even though we havent found a block yet? just curious.. and also.. the graphs on your statistics and dashboard are confusing.. i dont know the meaning of 18.00% in Hashrate in the Last 24 Hours.. is it your percentage with the whole bitcoin network?
and on my own dashboard also, my 14.4TH is shown as 4.80%.. is it because it is 4.8% of our whole pool hash rate?

Hi adz1922,

The graphs show two main numbers - hashrate and rejected share rate.
The percentages you mention refer to the rate of rejected shares. If for some reason that rate remains high, it could mean there's something wrong.
If you share your user name or send it to support@connectbtc.com we could take a look and see if there is indeed anything wrong.

Regarding the payouts - the pool is operating in Pay Per Share mode. This means you are paid for every share regardless of how lucky the pool gets.
You will continue to receive daily payouts regardless of how many blocks the pool finds.

As always, we're happy to answer any additional questions you might have.

Cheers,

Gadi

my username is same in here... if by chance the pool finds a block, there will be a reward divided to all workers right? or will it still be paid like this?

How to connect with this pool?

You act like there is a zero fee and 106% PPS, but what about sharing the transaction fees to miners?

the fee fluctuation is ok, so I guess there is not much risk for miners

106%  is pretty good.  but you have someone else offering 110%  for a pps pool.

So why pick your pool?

 Other then that I live next to Lakewood, NJ  and my best friends name is IRA (an attempt at humor as it is true and I think its funny)

BTW  As  we all know  the world of crypto coins is headed for changes.

The 20 billion USD of mined BTC  sitting in wallets is very attractive  target.  More so then  the 5 billion USD  waiting to be mined.

Every knows mining alts with gpus  and converting to BTC  is a viable plan  since more then likely more then 100 pc/gpu/component  companies  can subsidize an alt to make it attractive to mine.  The wealth of those companies  is over 1 trillion dollars.

Back to your pool  your Sp-Tech  roots make me want to support your pool.

-ck  and kano had a divorce  and I supported both of their pools I still do  and I sit on the fence about BU and or Segwit.

As I see it  BTC waited too long.   The idea kano had in 2011  would have solved a lot of issues about speed of confirms.

I am going to take a look at your pool today.

It's time to say goodbye.
In January 2017, we've launched ConnectBTC with the goal of providing miners with the best user experience of any of the pools in operation. Since then, we have gained many loyal customers and we are grateful to all of you for working with us, helping us to improve and to provide better service.

At this point, we feel that the value that we can provide to customer with the continued operation of the pool is limited and we've decided to cease the pool's operation.

The pool will stop accepting shares on October 17th 2018 at 00:00 UTC. Please be sure to switch your miners to another pool before that time.
On October 17th, all outstanding balances will be paid. The pool's UI will continue to be available for an additional 2 weeks in case you need to export any reports.

We are grateful for everyone who mined with us and will soon be releasing the pool's code for the benefit of the open source community.

If you have any questions feel free to reach out to us at support@connectbtc.com.

Keep on mining,

The ConnectBTC Team