Bitcoin Forum

Just read the topic about new pool here - http://forum.bitcoin.org/index.php?topic=26439.0 and i decided to join.
Since i cant post in the topic there id like to say this is by far coolest pool i took part of and i like that i can see constantly what others are mining and what are speeds and shares of everybody.
The more you see of competition the more you are motivated :)

If you read this admin of http://pool.betcoin.co - kudos :)

Welcome to our pool :) We will be constantly improving the pool and having competitions / giveaways etc in the coming months, so be sure to drop in on our main thread with any suggestions etc. once u are able.

I will actually get a thread going in the Newbies forum too and will link that in this post and the main thread, will create it in about an hour ;)

I'm in, give me a couple of days to organize my rig :)

Very nice! I'm going to have to set myself back up once I move...

I am throwing my 400Mh/s towards this new pool...soon to be about 800Mh/s.  If it goes well, I have buddies that should bring in about another 2Gh/s towards the pool.

Threads up :)


We love you :)


with a name like Badger Crotch, you gota get involved.. heh


Thanks for joining the pool.

sweet dude thanks for the info!

Your welcome, hope to see you in the pool.

I'm leading the pool :)

wow my topic here got popular!
the pool rocks!

Can't get to the pool's website...

Hopefully this changes soon or I will be moving my system back.

And after I type that...I can get to it.

The pool never went down...just the website on my end.

UI is great, very cool.

Just setup mining

we just made some major improvements on the backend core services :) Running real smooth.

Liking the interface...should have a couple of 5830's joining my system soon...within the next two weeks.

My buddy Widgets has already joined the server, my other buddies are holding off until they see the pool reach above 10-15 Gh/s

yeha the GUI is nice, first time in BTC community. good idea about speeds also thats why im doing it too with my best machine

even prettier now :)

http://pool.betcoin.co/stats.php (http://pool.betcoin.co/stats.php)

thats prolly preetiest pool design so far :)

thanks, we have just updated the other pages to match the theme :)

site is startin to look real nice :) good to see it all uniform now and flexable width is nice :) looks much better on my massive display :P

thanks for the complement, the next thing on our list is to provide forum sig graphics with your hashrates etc.

Hi!

Thanks for the nice mining pool!

I have a question though. I've started to receive these:

[10/07/2011 10:00:38] Warning: work queue empty, miner is idle
[0 Khash/sec] [176 Accepted] [1 Rejected] [RPC (+LP)]

At first everything was OK, but 1-2 days ago phoenix 1.50 (phatk) miners go idle from time to time and
only manual intervention restores them.

Any ideas?



 

rnd works fine to me,no idling

We just upgraded to the latest pushpull and modified bitcoind, if you continue to have issues, try a different ask rate

i'm liking the new update, much better performance for me anyway :)

Thanks. Will monitor for a while.

we now have teams :) and forum images, http://pool.betcoin.co/bitcoin-mining-teams (http://pool.betcoin.co/bitcoin-mining-teams)

if anyone was referred by someone else, let me know and i'll move you to the appropriate team.

We will have competitions with the teams soon

nice addition :) lets see how my image looks

http://pool.betcoin.co/banners/2.user.png

edit: looks peerdy :P

lookin good linkme once i get my next rig ready, i'll give u a run for your money.

liam and troph are my referals can you please fix those :)

Hmmm... It happens too often today, and usually at the 10's or 40's minute:

[11/07/2011 19:38:46] Result: 31ad6ac1 accepted
[11/07/2011 19:39:16] Result: 33fd5979 accepted
[11/07/2011 19:40:35] Warning: work queue empty, miner is idle
[11/07/2011 19:41:52] Result: 3653e3fa rejected
[11/07/2011 19:59:15] Result: 9d1d2ed0 rejected       
[11/07/2011 19:59:15] Result: a97f384f rejected       
[11/07/2011 19:59:15] Result: 650eb875 rejected       
[11/07/2011 19:59:15] Result: 1540b954 rejected       

Sometimes it just continues, sometimes waits for Ctrl-C and produces rejects. All three instances do it at the same time...

As I told, there were no such behaviour when I started with the pool. Also, other instances (for other pools) do not have
such a problem.

Any better ideas? Maybe some kernel flag is needed (for phatk)?

Thank you!

I'm looking into this right now, i am staggering some of the server tasks and due to this stats will now be delayed for upto an hour while we diagnose this issue.

All tasks now run at 15 min intervals, so if u can keep an eye on your logs and tell me when it happens it will let us know where your problem lies.

It will be one of the following :  XX:00, XX:15, XX:30 XX:45

the sooner u let us know the sooner we can get the stats back to updating quicker ;)

i was havin that issues also

Just tried to register, and it said "Please login to continue" but I can't get logged in with the credentials... help?

Fixed :)

Before these changes, I've observed problems always at XX:30, XX:40, XX:10 and may be XX:00.
Which gave me a clue that some cron job might be the cause of those.

I will keep monitoring, as time permits.
Thanks!

we had a small delay at the 15 minute mark after i made the change, i have since optimized that task and I dont see you dropping out as you were, but take a look around the 15 min mark and let me know.

UPDATE:

Until we reach 5 blocks I will be donating 4BTC to the pool, Payouts are as follows:

To the person who finds the block: 2BTC
To the team leader of the block finder: 2BTC

so the more people you bring aboard the higher chances u have to win the Team prize !!
(Dont forget to use your link on the team page.)

Please see the main threads, i have updated them based on the new features :)

It works very well so far. Thank you!

nice ! joined.. do you mind explain to me what is a block ?

A block is what we are trying to solve by mining, when the pool solves a block we get paid the 50 BTC + fees associated to that block (stuff all at the moment :)) Once the block is solved the pool gets the 50BTC and its divided amongst the members based on how much they helped during that round. every miner has the same chance of finding a block for the pool and when someone finds one we give them a bonus 2 BTC and the team leader for that person 2 BTC

so in essence we are running a 4 BTC lottery every time the pool gets paid.

so get mining and your in with a chance, or bring other miners to the pool and your also in the running ;)

@SomeBadger

Widgets is a buddy that I invited before teams were introduced to the pool...how do I go about inviting him to my team if he joined before the teams were introduced?

You simply tell me here ;)

http://pool.betcoin.co/banners/8.team.png


All updated :)

You are too fast SomeBadger.

LOL.


Love the site btw...best mining site I have seen.  Especially when we find a block and the stats will be accurate.

One question. Its said the pool has anti-hopping measures. What does it really mean and how it can be even applied to the pool, when estimated time to fin the block is half a month? Its quite obvious when the pool makes like 3 blocks a day or more, but half a month...

What I have read of the pool-hopping is that people try to maximize their earning by switching (at some moment, which can be calculated) to the pool, which just starts a new block.

What concerns me is that it could be unfair, eg if one stops contributing to the pool, say, one day before the block is found and thus is seen as hopper. There could be technical faults or other factors which cause to switch mining software off.

Could you please explain what are the rules? Thanks!

Yeah i cant wait :)


hmm.. look at it this way

lets assume for ease that it takes on average 1000 shares to solve a block

with a normal setup where users are paid based on the amount of shares,
mr pool hopper jumps in at the start of the block and submits 100 shares and leaves

so his return would be 10% (5 BTC) if the block was solved at the average rate of 1000 shares

BUT if the block is solved early then he would get a lot more, say its solved in 500 shares, then he gets 10 BTC

with anti cheating, shares towards the end of the block are worth more so in the same instance,

if the block is solved in 1000 shares the people who mined the whole block would get more for their loyalty to the pool.
Mr Poolhopper would get less for leaving early and not getting the higher value final shares and the same goes for short blocks.

he would still be paid more on a short block but not as much as the people hanging around for the whole time.

so as for your question of what happens if you fall off b4 the block is found, you will still be paid, just not as much as if you stuck with it. if you were there right before the block was solved and then fell off not far from the end your diference would not be that much.

its more to stop people jumping in, doing a few shares at the start of the block and running away.

nb. this is a basic explanation and the algorithm is a bit more intense but i hope you understand.

nice explanation badger :)

i just got 2 more 5870's to throw into the frey :) will get those going this weekend since i gota make some modifications to my main mining rig to shoe horn em in there

you should setup somewhere that we can put our minging rigs.. maybe some kind of web album we can all use ? once i made my new case will be fun to show off my 7 card miner :P esp once i replace the remaining 5770's in it

@linkme cant wait for that extra hashing power, looks like you lost your top spot on the hash leader boards :P your 2 new 5820's should give u another 900 MH or so, that will get you back on top heh

also we peaked @ 9gh earlier today, come on people lets get it really moving :)

Thanks for explaining pool-hopping rules, SomeBadger! BTW.


I am usually looking at another figure on the page: Est. Time To Find Block   236 Hours 1 Minutes
at the moment. Used to be about 500 hours... It's a pity I cant add more power.

Probably, you can soon charge non-members 0.01 BTC for looking at pool.betcoin.co/stats.php and team thingie
and bring in more revenue by organizing totalizator ;-)

Im into it. Lets see how it works !

Leading the Hashrate at 2nd Place ;D

Greetings, Frog

organizing totalizator ? what do you mean ?


Welcome aboard, and if you refer others or find a block your up for doubling or tripling those 2 btc ;)


Welcome and good to see another power miner in the pool, we all thank you :)



Any suggestions for features or anything you guys would like added to the site, fire away.
Our mission is to make a great pool for our members.

That was a joke. I mean, observers can record their bets (who wins the "race", when the block will be found, etc, etc.)
Administrative fee goes to the pool/totalizator owner, for example.

Thus, the dull process of mining for coins can be turned into more fun. The costly process of buying new equipment from doomed investment  ;) goes into buying a horse for racing category.

And betcoin name suits it perfectly well. (I am not sure about legal side though as I have no idea under whose jurisdiction you are...)

The idea is very raw. For example, its not easy to prevent some shadow agreements. Say, two leading horse owners can bet on the third and, surprise, give way to it, etc. But surely some kind of interesting and fair competitions can be designed.

I love the idea, now we need to work out a way where u can bet on the hash rates that isnt prone to cheating too much ;)

Ah... I am out of the game till (hopefully) later today (seems like switch faulted, nobody to bring it back). That is exactly what I feared.
If its not just power cycle, will have 0 MH/s till Monday  :-\

thans ban news man, gl in getting the power restored

re the race been having a bit of a think, we could do it say every 10 blocks (not ones we solve just blocks in general)
for example from block 136220 to 136230.

here is my idea for the rules:

the top 10 people who submitted shares in the previous 10 blocks would be in the running
the person who submitted the most valid shares (from the previous group) would be the winner and and so on for 2nd and 3rd place
members bet on who ever they like to win
all bets are added to a pool
that pool is split 60,30,10 ? for 1st 2nd 3rd
and is then split between the people who chose the 1st 2nd 3rd ?
i guess that splitting only works if everyone bets the same amount, unless u have a better idea ?
to maintain transparency we would show all bets as they stand

any ideas, suggestions send em over :) this is by no means final in any way, just a bit of an idea i had.
the main drawback with this system is that it would have to be a fixed bet, and there could be cheating by simply making more accounts. That could be overcome by only allowing members with X shares bet ?

Hmmm... It's roughly one hour, right?


Totalizator works alittle bit differently. It works on the principle of who provides the best information about the future events is the winner.
For example, now we have: linkme, somebadger, dtmcnamara as the leaders. The majority will bet on those, individual stakes and number of losers does not matter, the sum matters, for example, 1BTC. And two bets with 0.2BTC that linkme, dtmcnamara, somebadger will be the leaders. (there could be many outcomes. You can bet on whoever). If the outcome "linkme, dtmcnamara, somebadger" gets realized, the sum 1.2BTC minus admin fee (say, 10%) will be distributed among those two who guessed correctly.

It means, each winner of the bet will get 1.2 * 0.8 / 2 = 0.48 BTC.

However, as I said before, the results can be easily manipulated. And my point is that probably betting on hashrates and such is not
quite ok. All of us have limited has generating capabilities, which can't be changed quickly.

I think, the important thing is to set the objective of the competition.

If the goal is to increase total hashrate, then the competition should be strictly for the top N players. And they have all the fun.

If the goal is to have something special and more fun for larger crowd, then totalizator idea (as described above) is very good. Bets could be done on anything, even on the number of total pool shares generated during last 10 blocks modulo 10 (which is pure lottery) or top leaders (which is less lottery, more brains required, but can be manipulated), etc, etc.

And have I understood right, that the bets are done in the shares submitted during the round and they can be reshuffled then?
Or will the game require bitcoins from outside?

Say, linkme bets 187000 shares and looses ;-)  Weird...

Probably, more thinking is needed.

thats actually something i didnt think of, having the users bet with the valid shares they have submitted is a great idea, its a good way of stopping people signing up lots of times just to bet.

the example of 10 blocks was just an example, i think we should use enough blocks so that everyone has a chance to bet, maybe even 200 blocks. also to stop cheating (since u could wait until the micro second that the final block is found and get the data direct from the bitcoin client and try to beat the update) we would stop bets X blocks before the end.

but pretty much no matter what your betting on your best opportunity is to wait until the last second to bet to give u a better idea as to the outcome, so this need more thinking, we need something where someone betting towards the start is not at a major disadvantage imho.

I'm trying this pool right now and referring some friends that could bring a lot of well-needed power to the pool.

great to have you onboard :)

we are using the PPLNS method for paying shares:

the formula is as follows:

N = 1/2 Difficulty
Your Reward = ((YourShares in last N shares) / (last N shares)) * BlockValue

so how does this affect you?

If you submit shares then leave (the normal course for pool jumpers) as the round progresses past the 1/2 difficulty mark you will start to get less of a share of the current round.

If you stick with the pool your shares will be worth more as the pool jumpers leave :)

so in short, stick around get paid more than pool jumpers :)

and not to mention we are 0% fee on all blocks, and still have the great 4BTC bonuses for finding a block, so what are you waiting for, come submit shares now to get yoru BTC

I'll definitely be mining on your pool again soon.  I'm not at home (on vacation till tomorrow) right now and until then I can't mine.  I'll be back tomorrow in your pool!  Good Luck as well :) you have a good pool going

Ima give this pool a shot since 0% fee sounds good. Wish I seen this pool few days ago when I first started to mine.

Will be great to have you back, i'm sure you will love the PPLNS system, from checking your stats you gained BTC :)


Welcome aboard good luck in finding a block and getting the extra bonus :)

I'm taking a break for a day or so, got all my hardware to build my new rig :) dont go and find a block without me :P

when i'm back will be rockin 3GH :)

Nice!  Good luck my friend, sounds like a nice setup, could you post more details on your setup later?

thats really fair man!

I'm still deciding on my pool, have been using BTC Guild right now, poked around on DeepBit a bit...  I'm all for new innovative ways to reward those that stick to a pool, maybe even something where you give a little bonus to those that stay for 'x' blocks vs. just within a single block...  I'll give this one a shot for a bit some time and see how it does.

Well, I signed up but it doesn't seem to accept my login info, just reloads the page w/o logging me in..odd..  I am using a rather long (30+) and complicated randomly generated password...

Hm, well it must not have been accepting my password because now I get:

Account has been banned

...nice...

such a long password is not necessary thanks to the PIN requirement and the lockout after too many retries, this stops brute force password guessing


and bingo, the lockout works :P


if you copy and pasted your password into the registration box it seems u missed a letter or something. since u didnt generate any hash's you should just re-register ;) Or i can reset your password, just pm me with your username and email somebadger [.at.]  yahoo.com from the email address associated with your account (to prove its really you)

cheers

Woot :P now give me a bit to config and test the box and i'll be back :)

up and running, time to overclock :) then i'll add the other 2 5770's depending on how my power usage goes, might have to wait till i get another psu for the box

thats really hot man

looks like a cool site. @somebadger 1 request, though. Can you make the login (and maybe other pages) HTTPS?

Any problem right now? Seems like just one miner is active.

sure we will get a cert tomorrow and enable ssl.

we were doing some testing using the latest bitcoind build. all is working fine :)

been pretty quiet on this pool. where are all the ghashes at?  ;)

@somebadger one more request. can you add a forgot password feature  ;D

@somebadger...looks like accounts get banned after too many failed password attempts. Sent you a PM a couple days ago for reset. thx.

All fixed now sorry for the delay, there is now a forgot your password link in the left login box.

awesome! thx!

Love it I may just switch! You all have a very nice user area and page!

Thank you for this post!

would be great to have you onboard :)

UPDATE: We have created a little Status Application

We have created a small application so you can monitor your workers and the current bitcoin price all in an easy location :)

Current Features:

• Weighted BTC values from bitcoincharts.com
• Worker details including active/inactive and hashrate
• Simple Settings page
• Works on Mac, Windows and Linux

Snatch up this little gem on our homepage

ScreenShot:
http://pool.betcoin.co/images/ScreenShot.jpg

wow this app rocks. installed it!

I'll throw some m/hashs that way, the app looks good as well.