Bitcoin Forum

n/t

While some people certainly abuse the system to spam referral links, there are those of us in the Triple Mining community who do not.  Because of the concern by the rest of the bitcoin forums community, we've begun sharing requests with our peers not to have huge banner referral sigs, and to not post unwanted or inappropriate messages just to increase referral traffic.

That said, TripleMining is not a scam, merely a pool that uses a referral system to attract new miners. 

cent 1: you say its possible to get three times as much as with other pools... and you also say that all people who actually believes this are dumb.

cent 2: by using referrals you encourage your users to spam the forums (as they get more if they do that: ok, just see my sig to see, that i also use referealls)

just my two cents

i don't use products which are getting to much ads. that counts for real world and also for bitcoin.. e.g. tradehill: i will NEVER use them.. just way to much spam (not only from them, just people who wants that referrer bonus).

^^ i am NOT saysing tradehill or tm are scam, but they did all they could to not beeing used by me

Yea even I'm sick of all the spam and I mine there!  ;D

"Top 10 pools stickied only: if you're not in the top 10, you don't get stickied"

Whohooo, i guess w're a top 10 pool now ! :))

You can change the thread name to diablod3.triplemining.com , i created an account for your own minipool!

wrong sub-forum :)

ok, we know you can post sticky threads with "n/t" as the body. can you stop now?

also, this should be in meta

This is what I found about Triplemining.

According to their scheme...
User 1 will benefit if User 2 joins his ref.
User 2 will benefit if User 3 joins his ref, but User 1 won't benefit.
...etc

However what I've read in their threads and even gotten a reply back from their users (also a mini pool leader.)
User 1 = Mini pool team leader and will benefit from all users, 2,3,4,5,6...etc.

And

The defense they use...You can win jackpots!!
So tell me what's my odds of wining the jackpots when the pool grows?

So in conclusion.
Only "User 1 or mini pool team leader" will win from his ref + mini pool team hash bonus from 1% + jackpots.

It is possible to get three times as much as with other pools if you recruit 200x the hashing power you possess by yourself to the pool.  People who believe this will happen automatically with no work on their part are naive and ill educated on how the pool works. 



Untrue.  Their is no tiered structure in place.  User 1 only benefits from user 2.  User 1 does not benefit if User 2 recruits User 3.



The odds will be lower but the payout will be greater. 



Everyone who refers anyone is a minipool team leader.  By making a single referral you start your own minipool which does not benefit the person who referred you in any way.

Does that clear up some of the confusion?

Every single miner on TM is a minipool leader. Your odds of winning the jackpot go down as more miners join, but the rewards go up, just like the jackpot on any real-life lottery. Every single miner has an equal chance of winning the jackpot regardless of how many people (if any) are in their minipool.

You pay a 1% fee that goes to the person that referred you rather than to the pool like every other fee'd pool does. So if USER1 has users 2,3,4,5 in his minipool, he will receive their 1% fees to do with what he wants. I offer a portion of my referral bonus as a minipool jackpot that only the people mining under me are eligible for.

Users 2, 3, 4, and 5 also receive the 1% fee from the people in their respective minipools. User 1 never sees a bitpenny from the referral bonuses that the miners in his minipool (2,3,4,5) earn from their respective minipools.

So of course only User1 benefits from the people in his minipool, that is the entire point of having a minipool. Just like User2 is the only one to benefit from his personal minipool, even though he is in User1's minipool as well. The money doesn't keep moving up the chain, as it would in a pyramid scheme. I know at least one miner who equally divides his referral bonus up and redistributes it back to his minipool members.

You pay the 1% fee regardless of if you are in a pool or not. Once that fee is paid, it belongs to the pool-owner. Most pool owners pocket the fee (Tycho is a RICH dude with his 3% and 10% fees), but MrSam redistributes it in a way that promotes a community feel and makes it seem that miners are actually working together rather than against eachother.

That being said, you don't lose out on any btc by not having people in your minipool mining under you. You make exactly what you would make anywhere else, less the 1% fee that everyone pays. The only difference is that if you do have people mining under you, you get a small amount of bonus btc.

Unfortunately this can move some people to create a forum topic to promote their minipool or spam their referral link in their posts to others' threads. This has been covered in eskimobob's thread several times over, it is annoying, the majority of us TM miners it is ridiculous. But we can't control the actions of others.

It's just a different way of handling fees, sure we could just mine at a no-fee pool and keep our 1% for ourselves, but this pool actually makes mining fun and promotes a feeling of community between the miners. Even a cpu miner could make an actual bitpenny here and there with a person or two in their minipool. You may not agree with it, you may think it is stupid, but it is not a scam. Unless somebody could please point out where a user is actually being scammed out of money, that claim has no weight behind it. The pool operator has even been giving .5 btc away every day day from his own pocket as the launch special jackpot.

The pool's name is Triplemining because it is possible to earn triple your normal income, not because you will. If you can't differentiate between those two things, you're going to have to sue just about every company in existence.
I called around for deals on car insurance about 6 months ago, Geico was actually 20% more expensive than my current provider instead of the 15% less they claim it could have been, I didn't agree to their terms and instead stuck with my original provider. GEICO IS A SCAM AND WILL RIP YOU OFF. Hopefully I can use this Triplemining situation as precedence in court when I sue those bastards for scamming all their customers.

If the OP has any evidence of Triplemining being a scam, other than "n/t," I would absolutely give it an objective look. I certainly don't want to be scammed out of money and if there is some actual evidence of this happening, I would be grateful to see it. But for a mod to make a baseless accusation via sticky while providing absolutely no evidence or explanation/information, as though it were an absolute fact, is both unethical and libel. But hey it's just a forum on the internet for pretend money so who cares about those things, right? ::)

It's starting to be more clearer for me now. Am not hating the pool or anything it's just my thoughts, and this is actually good for you guys aswell (triplemining people) so others know how this pool actually works.

However I have asked a couple of my friends (knows notting about this btw or bitcoins) about your payment method in your site and told me it's a mini pyramid scheme if the referral is being used.

So newly refereed or recruited miners needs to find somebody to be referred to receive their 1% or else he/she is being scammed, and repeat, but referred but hasn't referred anyone goes to the 1% jackpot and to the referrer? (Am confused  ???)

Registering triplemining.com as is and not being referred (eg. username.triplemining.com) sounds alot better btw. 1% goes to jackpot.

It still amazes me how people are being so mislead.  For all intents and purposes, ignoring the referral system completely, TripleMining is a 1% fee pool.  We are very public about this; it is not hidden or lied about.  If Triple Mining is a scam because there is something you can do to earn your 1% fee back (or even more), other pools like Deepbit must be a MAJOR SCAM because they charge between 3% and 10% with ABSOLUTELY NO WAY TO EARN YOUR FEE BACK!! 

If you want to join a great community and are willing to pay a 1% fee, please feel free to join the TripleMining community; no referring necessary.  You might even win one of the weekly jackpots - they are open to everybody, not just referrers.

On the other hand, if you want to increase your mining income by referring new people to the site, just go to the 'My Minipool' tab on the site, copy the referral link down, and give that to others who are interested in TripleMining.  You can do this at any time - you don't need to do so immediately or ever.

Once again, you are *not required* to refer TripleMining to anyone to mine with us.  But, you are *rewarded* if you decide to do so.

Does that clear things up?

I'm wondering how many members here are involved in the triplemining-site, defending it at all cost, posting all those referral links, signatures and so on. Stop hiding behind the "its not me" wall, noone believes you!
And >5.3M shares without any find .. I dont believe in bad luck anymore.

FUD much?

I'm mining elsewhere until this block is found as well.  I really like the philosophy and community of Triple Mining, but if we're not making any money it seems silly to keep mining here.  I'll come back after there is a blockfind.

It's fine by me if people move their workers away.  It's all luck, good or bad. I'm still sending a few hashes to TM to keep my numbers from going down any further. If the gigaworkers leave, that means my share percentage will be EASIER to maintain.

At mining.bitcoin.cz i get my Daily payouts at TripleMining i stopped after 3 Days because  got no payout and my Estimatet BTC did drop when i was not mining at mining.bitcoin.cz this does not happen..

SO explain to me why I should not call it a scam?

Because TM has not found a block in 130 hours. You can't get paid if there is nothing to pay you with. With every additional share added to the total, each individual share is worth less so it is possible for your total reward to drop as the proportion of your hashes to overall hashes drops. It's how mining works.

That being said. it's pretty insane that we haven't found another block yet. I'm moving my hashes somewhere that can pay the electricity bill and will check back after this block is found.

then why giving BTC away if they dont get new ones?

Starting with not much Money is not good if you cant pay your Miners...

DiabloD3, shit storm starter, can you please give us your ultimate insight (or 20/20 hindsight)
Rest of you (especially all the mini-pool "owners"), just shut the fuck up and wait for the ultimate truth from The DiabloD3.
DiabloD3, explain yourself or fuck off for good and give this honorable job to someone else, who will not act like 13 years old pimple faced fuck up.

Mirror lately?

So tired of all these spammers, "look I just found a new pool, click here", which is exactly what the pool owner wants, free spam. The more you spam, the more you make, and why would you be a dummy and click there, when you can go start your own team and try to find more people to spam to click here and pay you! I've already blocked a dozen of their banners, now I'm about ready to do some throat punching.

The only people saying anything positive about this pool are ones that have referral links in their signature and reply to each others threads.

It's like a subsidy (paying miners to do something that would otherwise be unprofitable): They're giving incentive for miners to join until they get enough miners to start discovering blocks. Once they get past that point they can stop offering the extra incentive and hopefully the idea of the pool itself will be enough to get people to join.

just read here http://forum.bitcoin.org/index.php?topic=23663.440

Stats where down for an hour.. Everything is resolved now..

What's to say TM didn't get multiple blocks in 6 days & just pick a random recent block from Blockexplorer as the 'solved' one to keep people mining?

It displayed '0 total shares' right after the block was "found" after 140 or so hours.

You guys must have nerves of steel or low enough hash rates to not really care about it, but I can't mine with that possibility existing 24/7. I wont lose sleep over something like that.

Already been scammed this way in 2 pools that ran away with blocks in March-April. Wont fall victim again.

(p.s. I know what variance is and the fact that even 0.001% percentile unlucky rounds can & do happen, though very seldom)

The downtime happened at around 5AM on a sunday our time, everyone was sleeping and there was not yet a monitorring system for the stats server.

The exact error was that the java ran out of memory after the block fell since it had to go over allmost 6 million rows to calculate the payout:
Uncaught exception in thread SlowThread
java.lang.OutOfMemoryError: Java heap space
at java.util.Arrays.copyOf(Arrays.java:2746)
at java.util.ArrayList.ensureCapacity(ArrayList.java:187)
at java.util.ArrayList.add(ArrayList.java:378)
at com.mysql.jdbc.MysqlIO.readSingleRowSet(MysqlIO.java:2374)
at com.mysql.jdbc.MysqlIO.getResultSet(MysqlIO.java:451)
at com.mysql.jdbc.MysqlIO.readResultsForQueryOrUpdate(MysqlIO.java:2076)
at com.mysql.jdbc.MysqlIO.readAllResults(MysqlIO.java:1451)
at com.mysql.jdbc.MysqlIO.sqlQueryDirect(MysqlIO.java:1787)
at com.mysql.jdbc.Connection.execSQL(Connection.java:3283)
at com.mysql.jdbc.PreparedStatement.executeInternal(PreparedStatement.java:1332)
at com.mysql.jdbc.PreparedStatement.execute(PreparedStatement.java:882)
at com.triplemining.db.Database.doSQLSelectResultSet(Database.java:75)
at com.triplemining.db.Block.createBlockShares(Block.java:69)
at com.triplemining.SlowThread.calculateShares(SlowThread.java:43)[/b]
at com.triplemining.SlowThread.run(SlowThread.java:102)

We now added 'sms alerting' to prevent this from ever happening again ..

One last post to hopefully clear us from 'hiding blocks':

https://www.triplemining.com/files/transactions.png

I dont understand your comment ? Are you getting mails from triplemining ? Or are you getting mails on an adress you used at triplemining ?

Tripplemining is spamming him with an email adress stolen from slush.  Pretty low.

any proof that the email was actually sent by triple mining? emails are pretty easy to spoof.

also, i like how DiabloD3 is randomly killing pools by posting libel about them.

Could one of you actually show me a mail that would be send from us?

It would be pretty easy to validate, since everything we do is in belgium.. Is it a link to www.triplemining or some guys refferral ?

I know that you guys want to stop about this, but if it's true that someone is using a hacked db to spam for triplemining i want to know who it is so i can act.


Find the refcode and you find the spammer.... The first one that can give me his name will recieve the balance on this spammers account

MrSam, I think you should give the balance to the victim, DKN, who let you know this was happening. (that is, of course, once you know who it is)

I'm sure he will of DKN can actually provide the spam e-mail which will include the spammers ID.  Of course, if DKN is just blowing smoke and making shit up, he won't be able to provide it. 

.

The amount of unsubstantiated, unbacked accusations regarding this pool are ridiculous.

I still haven't seen any evidence of this triplemining spam mail ... 

I'm also tired of the somewhat spammy nature of all the TripleMining adverts on this board. But I haven't seen any evidence that the pool itself is a scam. The mini-pool system and jackpots are clearly just a marketing technique designed to grow the pool. The only "scam" I forsee is that these benefits might come to an end (at least for new members) once the pool gets sufficiently large. But if that is a scam, then mining is a scam, since it has always favored early adopters. BTW, I haven't joined TripleMining and have no interest in doing so, so I'm not defending the pool out of self-interest. If I am missing something, it would be nice if someone could clearly explain what the scam is.

Go read what a pyramid scheme is, this pool is a version of one.

troll? or did you not read any of the replies?

You sir are a troll.

I'm a user on triplemining, one of which had won the jackpot recently, and my hash power is relatively poor. +/- 30mhash/s
You say that this pool is a pyramid scheme? Prove it if you can...
I'm registered in this pool since July, and all my payments are in order and wen the pool has a problem i only have to connect to mirc and talk to the admin to correct the error.

So GTFO an don't be an A**

You just replied to someone from 4 months ago.  I'm sure they really feel the sting right now, lol

yeah happened to me too few years back  :P

And???  :P