Bitcoin Forum

I mined on the site http://pwc.hackshardgaming.net pool for Powercion for 6 hours at 2000+ KHs and was up to 22 coins and the payout was 1.2 coins per round. The site was taken offline. claims were made that there was an error in the calculations and people were under paid. All the global shares were deleted and 6 coins were paid to all miners. I was paid 28 coins. Adminstrator claimed all coins were distributed at no profit. I figure there were at least 70+ coins owed me for the current coins waiting to confirm. Admin also posted later he had 6K pwc coins for sale. The site is now down. Anyone else bitten by this site?

yeah, he's gearing up to be the first pool for feathercoin2 and other forks of forks, I'd stay away... i mined overnight and got maybe 30-40PWC's from the pool?  scammy

And this is just one of many reasons that alt-coins a waste of time.  People use them to prey on others.

I also used this pool last night ...

It took a very long time to reach the indicated payout (maybe 6 or 8 hours). I'm not sure how his PPLNS is configured. It seems it is doing an average over the last 500.000 shares. And 500k shares take a *long* time to be submitted on a small pool such this one (~50MH/s yesterday)

also the admin was playing with the pool fee (which went up to 7.5% before decreasing again to 5% then 1%)

I must say I'm not fond of those PPLNS pools ... I don't see what can prevent the admin to display false informations and get a larger fee. Almost impossible to verify as we don't have a full recap of who get what.


Anyway, PowerCoin looks dead to me ... yesterday the network hahsrate went up to 400MH/s but was below 50MH/s (total !) last time I checked today.

I wouldn't call it dead just yet...  there is a lot of background activity and efforts under way to breathe life into it again... 

The ramblings of a crazy man, or someone trying to get money out of others using alt coins.

i got a little bit of pay from this pool, but the payout did seem weird...