Bitcoin Forum

Bitcoin.com Pool Now Pays a 120% Block Reward
When we first launched pool.bitcoin.com network fees were averaging about 10% on top of the block reward, so we decided to pay 110% in an effort to attract more miners to our pool to help resolve the scaling debate.

Today the network congestion is even worse, so we have increased our block reward to 120% effective immediately.

This applies to all private miners on our pool, and all cloud mining customers.
Everyone will now receive 120% of the block reward!
We already paid significantly more than other pools, and now we pay even more, so tell your friends!

Nope.

Any reason in particular?  I haven't got much of a setup, I only run about 200 TH/s. But 10% seems worthwhile to me.

so now he's pretending to be the welfare while he is just redirecting the fees kind of accordingly for the current fee market situation. or is that +10% put on top of blockreward+fees?

I get the impression that the pool keeps the mining fee, and that he is paying 110% PPS with no pool fees.  Is there a pool that pays PPS and includes the block fees in the PPS?

I believe btc.com (https://pool.btc.com/) is including tx fees in what they are calling FPPS(Full PPS) Mode.  Although, they don't give a very extensive explanation.

Over the last week I compared them to two other pools to see the actual return results.  btc.com made a decent return over the others. 

Most pools have kept all of the fees until just recently,  and many miners suspect pools of stealing hash rate from them.

Bitcoin.com will never steal any hash rate,  and it is our goal to pay more than every other mining pool in the world.
(This likely already is the case)

If the network fees continue to rise,  we will be upping our pay out to 115% of  the block reward.
Like the current 10%, the extra 15% would be coming from the TX fees.

I'd love to see some reports back of exactly how our payout compares to other pools miner for miner.


Please give us a try, you won't be disappointed.
https://pool.bitcoin.com/ (https://pool.bitcoin.com/)

https://i.imgur.com/ZiHWu2h.jpg (https://pool.bitcoin.com/)

Oh, so you haven't actually done an analysis of why that means your pool is VERY likely to fail and everyone will lose all unpaid work when that happens?

Meni Rosenfeld's "Analysis of Bitcoin Pooled Mining Reward Systems"
https://bitcoil.co.il/pool_analysis.pdf

2.2 Pay-per-share (PPS)
(specifically the last paragraph)

and

Appendix C
Safety nets for PPS pools

Have a read - you should at least understand what you are doing if you want to run a PPS pool.
Ignorance is bliss? (until everyone loses money)

That shows the statistical analysis of why you will go broke and thus proves that what you are doing is simply an attempt to get miners to switch and you will drop the 110% very soon or go broke (or you are cheating your miners by under paying them)

Hi Kano,

I love your pool.  Used it for some time, until I moved to bitcoin.com.  While I realize and understand the risk of ruin bitcoin.com is facing with this pool, for the moment they are paying me for the PPS every night at 10:00pm PST.  It would seem to me that the entire risk to me as a user of the pool if bitcoin.com wants to buy my hash is one day of earnings.  Once they miss a payment, I would simply move my hash back to a "responsibly run" pool like yours.  I can assure you, since I have put my hash on the bitcoin.com pool, I am being properly paid, and I am paid what I expect to be paid based on the PPS model.  So as far as I can tell, I am not being cheated, and his pool seems to accept more shares than most of the pools I have mined on.  

That being said, help me as a noob in the bitcoin field to understand why it's a bad idea for me to take bitcoin.com's money?  Right now with a hash rate that is just reaching 200 th/s it seems like I am risking maximum of say $170.  That is at the 110% rate, and as long as bitcoin.com manages to run the pool for longer than 10 days, the 10% would cover a days loss, and the 10% would then become profit on the 11th day.

While I realize my math isn't nearly as fancy as what you had in the pdf it seems like it is reasonable to me.  Any other thoughts?

It's actually quite simple.
In terms of your risk, yes until they stop paying you, you are getting 110% PPS.

If they delay or stop paying you, you indeed do have to be pro-active to stop mining.
They of course will operate on the assumption that few if any miners they have attracted will switch if payments are late.
But the real issue is that do they even understand the risk?
As a pool gets bigger, the risk gets greater.

But you've said that extra 10% covers the risk over what? 100% PPS?

Who else pays 110% PPS?
Low fee PPLNS pools should be paying similar to that, on average at the moment, with no risk of the pool going broke.

Well, according to the stats on my pool, we should average that also, but since it's PPLNS, it's block luck that decides the actual reward.
e.g. the pool averages were: last month 138% PPS ... December 73% PPS ... January 101% PPS

If they were transparent and said the reasons why they are paying 110% and how long it will be 110% then you could manage your risk.
But if they don't even understand Meni's statistical analysis of PPS pools and the risks, then you should be running far and wide away from them the second that a payment is delayed, and you've also then lost what you'd expect on other pools.

The last pool that did the same thing was BAN ... back in 2014 ... never heard of them?
Well they failed due to financial loss caused by paying ... 110% PPS ...
The exact same situation existed where people were saying how they get paid, so it doesn't matter.
Then the payments slowed down, and the 110% dropped to 105% then it all went to crap and it dragged on for ages while anyone who was left still mining there lost BTC.

While the situation now is different due to a lower risk of that happening due to higher % transaction fees, it's still not a small risk.

It's not hard to be transparent and say how they are funding this grave financial risk, but that's called bad marketing and of course they wont do that ... or even worse they don't even realise what they are doing ...

Hi Kano,

Thank you for your thoughtful reply.  It was very helpful. I had never heard of the BAN pool, but I have been mining only 5 months.  My wife and I now have 18 S9 miners.  We host them at Oregon mines.

I assumed that bitcoin.com set up the pool to promote Bitcoin Unlimited.  I assumed they were willing to pay a larger than typical PPS value because they wanted to attract hash so they could signal BU in found blocks, to promote Roger's agenda of Bitcoin Unlimited.  I don't want this to turn into a SegWit v BU discussion, but I was simply attempting to state what I thought was the answer to your question about transparency.  I thought that intention was entirely clear.  BU is stamped all over the pool, and many of the ads, and the press release.  As far as funding the cost associated with running the pool?  I figured that was Roger's pocket.  I got the impression he was putting his money where his mouth was, and that he was going to pay me, out of his pocket for my hash, so he could drive his agenda.  While he may have no clue how much it will cost him to pay for my hash, it's my understanding from everything I see online that he is probably one of the few people (along with Bitmain) that can afford it.

Now if I was going to guess when he would stop paying 110% PPS, my guess would be when the BU v SegWit question was decided, and a clear winner emerged.  Again, not trying to have that discussion, just stating what I think is the case.

So, I guess at this point we can see what Roger wants to tell us, or not about his intentions for the pool, how he is funding it, and how long he believes he will be able to continue to sustain that payout.

Kano, again, thank you for the thoughtful reply.  It was nice of you to take the time. 

So I go to the site and get endless bull shit.

no mining instructions at all.


well just spent 30 more minutes   how the fuck do I mine here?


whomever set this up has me baffled.

I would have mined but come on  no way will I mine here now.

no address to point the miners to.

no pool stats what the f is this site?

^^ plus no description of payouts for PPS vs PPLNS nor any other relevant FAQ's. Left me baffled as well  ???

Please tell me this is a joke. More than 100% PPS with no fees and a pool with no stats nor pool address to mine to? Pool will either die of not paying out or they'll die of no hashrate from this. At least release a proper website and pool, I'm sure everybody would much rather prefer a fully usable site release than this.

I would have sent hash here at 110%

but after spending a long time on the site frankly don't like the way it is run.

It has so much info for new people and not the right info for a seasoned miner.

I clicked a ½ dozen invites and got worthless loops and redirects to info that I simply do not care about.

I did some simple math  and 110%  ppn is getting closer to being possible as a working plan.

old  calculations say you need about 95%  to be safe as a ppn

with blocks now doing 13.5

here is my math

12.5 x 1.1 = 13.75

13.75 / .95 =  14.47    

so if you get 14.47 per block and pay out 13.75 per block    you would most likely make a real profit as a pool operator.

We just need more fees I think blocks are still a bit short for this 110% to last.

but from fucking with the site it looks like there is 82 ph mining there.

that should be 3.5 blocks per day.

Maybe them not giving us a pool address to point miners at is their very effective way of blocking pool-hoppers :D

Or so the site shows. Of course with no other stat than that graph to show, oh I don't know, say, blocks found, luck%, etc. potential users have no way of verifying it.

I spent enough time  trying to get mining should not be that hard.  Let some one else use them.

I started mining here yesterday.  This was a private pool that just opened to the public.  It had 80 PH as a private pool.  It appeared to grow by 2 PH yesterday after the announcement that it is open to all.

The only way to get on the pool is to send in a request for an invite.  Then I was given a website link to register.
My guess is that opening to the public was somewhat of a last minute decision.  While their website is nice, they don't have an official thread here or a telegram chat or anything where pool users can get answers to questions.

I had one issue yesterday, that Roger Ver actually got back to me on directly.  Then I pointed out a sorting option that was not working well and received a response and a fix in about 2 minutes.  So it' clearly not a "new" pool.

Got paid 110%, if not more, for yesterday's hashing.

But now today the front end site has been down all day due to a DDoS attack I assume.  My miners are still running and I'm still getting alerts for miners being down.  But no access to stats all day.  And given the number of people that dislike Roger and what he stands for, I imagine he will have to figure out a way to deal with robust disruptions if he wants the pool to grow.  Because there are plenty of petty bitcoin people with a torch for Core, just as there are probably equal numbers for BU

Personally, it's not that I am big BU supporter, but I do believe Core has been hijacked by Blockstream and lost it's independence.  While I despise the FUD that surrounds this issue and find both sides guilty of grade school tactics, we need a solution that is workable - NOW.  Bitcoins growth is stunted everyday there are tens of thousands of transactions left unprocessed.  I'm for BU, or a compromise with SegWit, or just about anything that lets Bitcoin, the primary chain, grow unfettered.

Pools back up.

yeah  same old same old.

but it has helped alt coins a lot.

many people follow my signature  and use alt coins to get around btc being stuck unless you pay a big fee.

I wouldn't quite call it being stuck -- more of a forced learning of BTC's growth pains.

Satoshi stated the whole point of Halvings is to force the use of higher and higher Tx fees with the (hopefully far future) end goal of no block rewards at all meaning all income is only from Tx fees.

I now have an account with them.  I will review them over the next month.


Semantics as to what stuck is.    Paying 5 usd to move 300 usd is not so good.

this type of transaction is what I mean by stuck

https://www.blocktrail.com/BTC/tx/d8d6dc5efeccfa97cb5c8c53d129cbf2b6d4bc44d7bd935ed98f5cb420b8b48f

$300 and $5 fee is only 1.6% additional cost.

I understand stuck: last week I xfr'd 2.9BTC to Coinbase to cashout a bit at good exchange rate. Even added 0.01BTC  - about $12 - above the suggested fee. Still took nearly 3 days for the block to be confirmed even once and around 1/2 day more for the 3 confs Coinbase requires before releasing the coins to sell. Thankfully BTC price was fairly stable during those 3 days.

Well, the the only thing the BTC Tx fee can be compared to is what credit card companies charge merchants to use their services. As I recall even the likes of Walmart pay around 2-3% of every purchase. Using your $300 even a 2% fee is still $6 Walmart et al have to tack onto our cost for the goods. I can happily also say that several local small stores near me give a 5% discount for cash purchases vs using credit or debit cards so...

I've never had a PayPal account but don't they skim some off the top of each transaction that goes through them as well?

Add to that the fact that BTC is pretty damn secure if you use it right (mixers, etc for security if you wish) and it offsets the cost of the transaction fees in my opinion.  You can always choose another cryptocurrency for quicker txs if you like but BTC is the capstone for all of them. Of course people will always complain about tx fees and segwit and lightning network never getting through but it's still cheaper than other methods like credit cards for now.

Yes - if it's a business transaction they do take 2-3%.  If it's me sending money to you, out of the goodness of my heart, there is no fee.

I recommend the Ledger wallets.  Not sure what voodoo they do, but if you set the fee to "highest" level, which is their default, you will not pay a crazy amount and transaction will go through on the next block.

More than a bit OT now... but the PayPal no-fee-for person-to-person brings to mind the only other alternative for that eg. Western Union. Again - fee.

No matter what, by design BTC Tx fees MUST go up to finance operations be it Mega Farms, us smaller farms/miners and along with us - Pools.. Bigger problem with that is, the Powers That Be must get off their duffs and soon decide on how to make bigger blocks to handle the increased volume of transactions! Even with folks paying more the chain is still pretty backed up...

I've looked at them in the past. Just am not comfortable with having to rely on a physical device that will (someday) fail.

edit: Oh, re: coin mixers.
Whyy does the Media and so many folks think BTC Tx's are 'secure'? It's an open Public Ledger fer chrissake.

In early 2015 at the end of the AMT/Bitmine.ch A1 miner mess (at least my involvement with it), Opium2 and I brought up the matter of tracking BTC movements to/from AMT/ it's owner Joshua Zipkin, with a Dr. of CompSci friend of ours. Being intrigued with blockchain uses, he bit. I gave him VPN access to my RenderBeast (I dabble in 3D art) - which for then was 2nd from the top 6-core i7 ($1,800 for the CPU!) loaded with 128GB of insanely fast memory and a 1TB SSD array. Damn fine AMD GPU as well which today is  prolly around $100 or less. At the time I got it - ouch...

He set up a local Full Bitcoin Node on it and within 2 weeks had written a tracer that takes any wallet address(s) as inputs, searches the entire chain at a rate of >50k Tx/Sec and reports all instances of and paths the coins took. In the process, since he was using Haskell he found some of their blockchain-specific search functions to be - lacking. Wrote streamlined versions that were Pushed and are now there for all. to use. One interesting find was early on several large BTC transfers from Josh (AMT) to a known KnC wallet later followed a very steady 2x per-week 10BTC income to Josh's wallet from a KnC farm that was probably running A1 rigs that were kept from the screaming Public customers of Bitmine.ch (and AMT). Strangest part about that is that KnC and Bitmine.ch were supposed competitors so wtf? ...

This pool uses FPPS mining mode not PPS whats the difference?

do they  keep part of the fees?

On the front page of pool.bitcoin.com there is a box on the right of the screen that says "Start Mining" and it has all of user data, and server data.  I suppose its' easy to miss.  Obviously you need to "sign up" to get to the home screen.

which i mentioned that i did  a few post later.

Oh good.  Glad you found it.

I swear I don't need to have the last word.

Yes - at some point if you use it long enough it will fail.  But of course you do have recovery methods, like any other wallet.  I like the security without having to go through the paper wallet thing.

Mixers - most mixers are easily traceable and not worth the time.  The only ones I have seen that could be legit are ones that give you newly minted coins.  But even then you need to break up transactions, send to multiple addresses, never use the same address twice, etc.  You can do it, but it's involved and costs you 2-3% at a minimum.

And that's all I have to say about that.

Moron pool software.

I wanted to mine to this address:

 https://blockchain.info/address/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

I put it in.  this morning the btc address reads phil...  not 16y...

So I put 16y...  I lock it

It auto switches back to philipma1...  and locks the motherfucker

and I now have to wait a day to unlock the address.

see photo

to pool owner   get a good programmer  as the philipma1...  is not a valid btc address and should never be allowed to be entered no less locked

so Far not impressed with the pool.

As there was no reason for my entered address to switch from 16y... to philipma1...

I am about 10 seconds away from just saying %^&$^%#$%%
https://i.imgur.com/PzeWFqx.png

The fields in your photo are yellow.  Your safari browser thinks it's a username and password field and it is entering your username and password into the field.  Maybe you should give up on the pool.  So far you have pretty much made yourself look silly with your complaining.  i'm a noob and I can figure the stuff out...  Or if you really need the help, stop adding the four letter words and the derogatory comments about the software engineers.

Under user pages, click account, and see what your current pay out address is.  It may be correct and your browser with it's auto fill are just confusing you.

it works better in chrome  thanks for your help

No auto withdrawn as setting.

Today I try withdrawn and its bout 23% fees of my withdrawn amount. Feel like being scam.

Maybe turn on auto withdraw?  If you go into settings, and you configure an auto withdraw address you will get your btc every night at 10pm PST.  I cannot comment on your fees for an on demand withdrawal.  According to the FAQ it says the pool doesn't charge any fees.  You could check the support thread on bitcoin.com maybe.

First reply on why the auto withdrawn is not working
Sorry, autowithdrawals were late today.
We'll make sure that it runs on time in the future.

2nd reply on why there is a hidden fees on withdrawn
Unfortunately the blocks are always full, so the bitcoin network transaction fees are very high. We're getting the fees from the 21 fee API: https://bitcoinfees.21.co/

Hopefully we can hard fork to a larger block size so that your transaction fees will be lower.


Nothing mention on fees during withdrawn and its almost 23% :)

I just checked, and I got my normal payment.  No idea how to help. Sorry

If you paid a 23% fee you must have had an infinitesimally small reward.  My fee was 0.0662%. Reward 0.07121171 btc, fee 0.00004715.  Or it was about 6 cents on an $89.30 reward.

yeah  but if auto withdrawal is every day  to pull  .0712 btc you need to mine at about 120th or 10 s9's


I only put 60th  at pool for now.

so i will bump it to 150th

I guess then I'm interested to know if the fee is proportional or fixed.  If it's fixed then ivvyme is mining with about 0.4 Th/s.  At that rate ($0.25/day) you are probably better off on another pool.
If it's proportional then either his calculation is wrong or something is messed up.

Bye to this pool

New account, no details on his issue and a quick exit.  Should have guessed.

I bumped to 200-240th.
My earnings are
0.01386899  yesterday
0.02846256   so far today

The auto withdrawal is due in 10 ½ hours I will stop my test mining in a few hours.

when the auto withdrawal occurs I will report back.

Whats the fees being charge?

Thanks!

okay  I ended my test mining 1 hour and 40 minutes ago.

i mined

0.01386899 btc yesterday
0.05727763 btc today.


  6:00am utc  is 5 hours and 25 minutes away


As I read the rules and I could be missing.  I expect to get all of the above  total of 0.0711xxxx  

I will see what happens.

at 110%  the pool has value to me.  I hope they can deliver the goods.

I efforted to do 2 days of mining

offline now
https://i.imgur.com/VRNUnqN.png

two days of shares
https://i.imgur.com/vzQSDIh.png

I m on my mobile, so no screenshot is share. Everything is good on this pool except there is a fees at withdrawn and the auto withdrawn is not working.

Auto should start I hope if not. I will let you know

I use Auto Withdrawal and have gotten paid each of the past 4 nights I have mined the pool.  Three nights the payments arrived exactly on the stroke of 6:00AM UTC.
Last nights payment was 3 hours and 13 minutes late.

It occurred to me I already may have the data I was questioning.  Below is a spreadsheet of transactions from my mining the past 4 days.

https://i.imgur.com/xJ9hjJ8.png

If you notice the fee, while not exactly the same each night, is roughly static. 

The first day I started on the pool - 3/7 - was late in the day and I only mined a very small amount of btc (0.00123).  But if you look, the transaction fee was about the same (0.00005) as it was the next three nights when I mined significantly more.

So while the pool advertises no fees and for the most part that is accurate.  BUT there is a small transaction fee when you withdrawal your coins.  That fee is roughly $.06.  And oddly, it appears the fee is roughly the same regardless of what you mine. 

Another observation is the fee decreased from night to night, even when my reward fluctuated up and down.  Is this a coincidence or a trend.

Another question is - if you let your balance carry over a few days and then make a withdrawal, will the fee still be $0.06 or is it $0.60 per day.  I will turn off Auto tomorrow and mine for a couple of days without making a withdrawal.  Then I will re-establish Auto withdrawal and see what kind of fee I get charged.

It's just the bitcoin transaction fee as far as I can tell.

Its not in the withdrawn details

I don't think most of the large bitcoin pools charge a withdrawal fee.  Again, not that it's significant, it's just not mentioned anywhere.  And if you are a miner with a very low hash rate it can be a large percentage.

Alert Attack Attack
To your Batlestations
Pool frontend should be good in a few hours
or days  ;D

Tracing the attack with high tech anti moron
tools  :D

I Decided to do a manual withdraw not auto.

So 0.07114662 - 0.07060422 = 0.0005424  tx fee for manual

I find that to be fair. I will mine here again.

https://i.imgur.com/Rzm92B9.png

Any idea how the fees rate?

they may use this site


https://bitcoinfees.21.co/




if you look here i was charged 240 sats per byte

https://blockchain.info/tx/ae069bbe43b8d43c303fe76dec2927342b70cf944fea2b4f9e75facae499038a


the tx fee goes into the blockchain they do not keep it.

and 240 sats  per byte means  a very fast confirm

Any simple calculator?

No - the fees do not appear to based on how much or how little you mined.  They seem to be based on what amount it necessary for a fast transaction.
So far that has been approximately 0.000047 - 0.000054 btc.  So if you are mining a small amount of btc each day, you will have a higher fee cost as a percentage of your mining.  Essentially, if you are mining less than 0.01 per day consider leaving your rewards on the site and withdrawing once a week or every few days.  You will still come out ahead compared to other pools.

Looks like it's down now: https://console.pool.bitcoin.com/

Getting a 503 error when trying to log in.

Looks like it came back quickly.

What happend to block 457336, console.pool.bitcoin.com was working on it, I write it down on a piece of paper, and now www.blocktrail.com/BTC/block/0000000000000000023dd38ff54591ebc85f02bb31f3f32406c875b53400705c says 1hash has minned it?

Am I going nuts, or is something else going on?

It's not uncommon for more than one miner to find a block at roughly the same time.  Then I believe there is some mechanism in the software to figure out who's the block actually is.  In some cases it will continue to be worked on by two or more miners but all but one will end up being orphaned.  Other times it does not get that far along.  Someone with dev-like knowledge could explain this better than I.
But has found 3 blocks since 457336.  So they are not doing too bad.

Offline now.  ???

I think they are being DDos'd because some players don't like their agenda, but even when the frontend goes down the miners still connect.

I've had an S9 pointed there for 13 days and every day like clockwork at 8:00 am my time (except for 2 days when it came at around 9) I get my .0078... BTC

I like the pool, I hope they last - if they don't oh well I'm at risk for .0078... Btc

I have been using it for some time, it works quite well, and they pay on time.  I also like the features.

So far it's been 110% everyday. They asked what improvements could be made on the site. I sent in a few suggestions and every one was added in about an hour. Much to my dismay.
EDIT: And delight.

What's the new add on?

Yes, which features did you ask for?  That is pretty cool.

I'd love to see you ask them to stop signalling BU and signal segwit.  :P

thats funny

thanks for the laugh

Well it uses a modified CKDB, I guess I made it simple for them to add you requests :)

Been mining for 1 month, First time withdrawing and it won't withdraw. They won't let you withdraw. Let me know if you have the same issue.

I'm testing it and for me no problems, auto withdrawal every day, emails when your workers are offline... good so far

Just did a withdraw today. Was instant.

We are constantly improving the pool so please feel free to post feature requests here: Link (https://forum.bitcoin.com/pools/bitcoin-com-mining-pool-official-discussion-thread-t10578.html)
We will also be releasing hard data soon showing that we pay significantly more than other pools.

Join us today!


https://i.imgur.com/lF3kPve.jpg (https://pool.bitcoin.com)

So far no issue with mining payout, only fees is charges during withdrawn.

The support finally got in touch with me and got everything resolved.

No Auto-Withdrawal today - 1st time its happened

My auto withdrawal happened on time, and exactly what I was expecting was paid.  May want to open a support ticket.

Can anyone tell me how can someone paying 110% pps?

How do they make more than 100%?

You already asked in another thread and I answered.

Yes you did.

However, this guy said that it's wrong


Basically I want to know 110% relative to what? Say block rewards for bitcoin is 12.5. Then? He pay 13.75. How did he get the 1.25 BTC?

I think it is safe to say that if the block reward is 12.5 BTC he is paying 13.75.  With regard to the 1.25 BTC I would imagine that some of the 1.25 BTC comes from mining fees in the blocks that the pool mines.  But I believe that the bulk of the 1.25 btc comes out of Roger's pocket.  At least that would seem to be the case based on a few emails we have exchanged. 

That's either a complete lack of understanding of bitcoin mining, or you are saying he pockets all the transaction fees :P

Most blocks lately pay more than 10% (more than 1.25 BTC extra) in transaction fees (and average more than 10%)
So if that 10%+ is not accounted for then it is going into his pockets, so I guess then that you 'could' say it is coming from his pocket ... after on average more than that 1.25 BTC went into his pocket ...

I'm glad you know everything.   

If you were to look at the pool statistics they seem to indicate he has had really poor luck, or people are withholding.  It looks like he is negative over all for what I expect he is paying.  So, it would seem many payments come out of his pocket.  I think you were the one that pointed out the size of reserves he would need with fantastic math as proof that showed what would happen if the pool ran into poor luck.  It's safe to say that the pool has under performed significantly for the hash it reports.  Reminds me of December on your pool.  I want to say 70%?

That not withstanding, you have on multiple occasions pointed out that he is pocketing all of the earnings, because he is effectively charging huge fees even though he says he doesn't charge fees, so doesn't that simply fit with what you already thought?  He pockets all of the money, and then he has to pay it out due to poor luck...

hmm

I asked support, "Is there a fee for the daily autowithdraw?" Their reply:

I have been on the pool since they started the 110% and can verify the nightly withdraw fee is about $0.06 based on $1352USD/btc

Sorry for diggin this up. They started offering cloud-mining contracts recently.
Now, to my knowledge almost all "cloud-mining" offers are blatant scam or at least very unlikely to ever allow people to get their investment back. Looking at their offer and assuming difficulty will increase following a similar pattern as before these contracts seem to be profitable.
What's you guys take on this offer? Do you think it is likely the operators will just run with the investors money?

'pool.bitcoin.com' is highly unlikely to run away with your mined bitcoins. People behind the bitcoin.com pool are not random no-name figures in Bitcoin space. Roger Ver, Andrew Stone, just to name a few, are prominent figures in Bitcoin space, not some random crooks that nobody has met. Pool can sustain itself with 110% PPS because TX fees (which are not shared with PPS models) account for more than 10% of block reward. Assuming a long-term pool luck at 100%, they will make a small margin for themselves with PPS@110% model. My personal preference is for PPLNS models because in the long term they are likely to be slightly more profitable. With any PPS models, pool operator assumes the risk of orphaned blocks and bad luck, not the miner. Therefore, as a miner, you generally pay a little extra for 'insurance'. I do not mine with them myself as my preference is PPLNS at lowest fee possible, but if you want stable predictable payouts, they are either top#1 or top#2 PPS pool in terms of payout percentage right now. Worth a try!

PS. While I can say that pointing your ASIC miners to their pool is highly likely *safe*, I can not vouch for any of their cloud mining contracts today as it's unclear from where the hash rate comes from. If they re-sell hash rate bought from somebody else, they are just the middlemen, and you may end up overpaying. In complex ownership structures, it's also difficult to have a clear picture of the asset at hand - who owns what, who bears responsibility to provide support, is the support offered by bitcoin.com or someone else, and if so, does bitcoin.com pool open support tickets to another entity, possibly resulting in very lengthy support delivery times? I have no answers to any of that.

If one takes time to read the agreement, the pool guarantees the hashrate.  So in my case for example I bought 1Th/s.  It's a solid one TH line, and I get the PPS payment associated with that line.

So I am not worried about complex ownership, or time to restore. 

https://news.bitcoin.com/bitcoin-coms-cloud-mining-allowing-anyone-mine-bitcoin/


Their own press release states that they are partnered with North Americas largest bitcoin mine to provide hash rate including posting pictures of the main bitcoin.com developer in said mine.

If it were up to me, I'd contact that North America farm to skip the middleman :)

Nevertheless, transparency is a good thing and it could be an option to consider then! And as icon73 pointed out - if they do guarantee hash rate, any risks are at their own cost. As I understand, customer is expected to receive cloud mining contract payouts regardless if the miners providing this hash rate stay up or down.

Green light so far. But since it's a "fresh out the bakery oven" product, it makes sense to try out with small amounts first.

I got the message below last night.  Apparently the bitcoin.com pool is increasing it's payout to 120% which is 10% more than they were paying.


Bitcoin.com Pool Now Pays a 120% Block Reward
When we first launched pool.bitcoin.com network fees were averaging about 10% on top of the block reward, so we decided to pay 110% in an effort to attract more miners to our pool to help resolve the scaling debate.

Today the network congestion is even worse, so we have increased our block reward to 120% effective immediately.

This applies to all private miners on our pool, and all cloud mining customers.
Everyone will now receive 120% of the block reward!
We already paid significantly more than other pools, and now we pay even more, so tell your friends!

Probably competing with BTC.Com's 119% PPS-like system. I'm staying on Kano and smaller pools but nice to see competition in the pool side of things.

Kano runs a fine pool, but I wouldn't go as far as saying that the bitcoin.com pool is "large".  It's under 100 PH.

Could not tell you. I left when it stopped being 120%.
Which happened very quietly.

At Viabtc now. They switch between BTC and BCH depending on profitability.
Past 24 hrs. BCH has been 169% more profitable than BTC.

EDIT: The Pool has found 44 blocks in the past 6 hours.

I used Viabtc for a while.  I am back to bitcoin.com.  They are at 110% PPS, and they have an auto URL that switches between BCH and BTC.

hashrate seems stable. but I am not sure if everyone getting Estimated 24hr revenue as it is written?   any thoughts ? also it is possible to switch pps to pplns which is best for mining.  gonna test this pool for few days then switch maybe to BTC.com more profits with BCC?

Viabtc has a massive BCH hashrate when it’s more profitable. Bitcoin.com is better on BTC.
I have found you have to move around as conditions change. No one pool is the best all the time. At least not from a profitability standpoint.

Icon, since this thread is yours, you should keep the title accurate.
You are currently advertising a falsehood - it's not 120%

They just recently dropped back down to 105%. It has fluctuated a few times in the last couple of months, even to the point of having 0% bonus.

With little or no notice.

What is Bitcoin Cash minimum payout?

Bitcoin.com pool is not perform stability about hashrates,not using max. hashrate of the device. I'm just back to ViaBTC for this reason. 

Hi,

how do you know which pool server you connected to?

I saw in the dashboard, there's only 1 url server. but when you go to pool stas page and scroll down, they seem to have us, eu, cn, sg.

how do I know which one we are connected to or how do we choose?

Thanks.

What do you mean by this?

Emailed them about three days ago about their minimum payout for BCH because I have small miners.  I haven't heard anything back.   Anyone know what it is?

While you're at it, you should get them to fix this thread regularly to have the correct PPS, or completely remove the 120% lie in the thread title.

You are a serious troll you know lol, I see what your beliefs are but this pool will not fail, I am not stupid enough to buy cloud mining @ 449.00 usd per 1th/s but allot of people have, all you are doing is making your self look like a fool but I know you are not just FYI

The thread title says they've been paying 120% PPS since October 03, 2017 ... which is a lie.
I guess they like drawing people in with falsehood.
You may enjoy defending them lying about it, but either way, it's a lie.

I agree but the new guy goes not, I would not point my hash here either just for that reason also, they could just do real PPS with a 4-5% fee and most likely be ok without lying and cheating people out of BTC, I still don't see anyone buying cloud hash here at the price they charge, its just plain disrespect!

I mined here when I first started, and it definitely had everything to do with the bonus payment that they had listed. Sometimes they drop it all together because they say it is getting to expensive. They also recently went to a 2% pool fee on BCH and were going to do the same for BTC until everyone blasted them in their forum.
When I gained a bit more knowledge and realised they pocket all the miner fees, it was quite obvious I could so better elsewhere.
I can understand if you want the steady PPS  payment but you can do better on other pools that pay miner fees. Kano pool is nice and I would go back in the future I just needed to maintain a more consistent payout structure; but I jumped ship early as they have been doing quite nice for themselves lately

Is there maybe app for android, that you can monitor your miners using this pool? I tried searching something on playstore, but i couldn't find it :S

Found out the payout for BCC is low.  You can do it easily with an S3. 

They are back at 110%
but still not 120, lol

is there maybe some problem with BTC payment? http://prntscr.com/holg35

Shouldn't in reference be Transaction ID ? and on my wallet i don't see any incoming transactions

After nicehash hacked i start to mine at bitcoin.com but today i see that nearly 12 hours no change in my Total earned amount. My workers doing well no problem with that. Is this normal no change at Total earned ammount  ?

problem with workers anyone ? my started showing offline ~2h ago, but according asic - everything is good, getworks/accepts 

Yea i am having simmilar problem http://prntscr.com/hrhnh3

Hello all
I tried to purchase a cloud mining contract on Dec2/2017. I followed all their instructions to make the wire transfer.
They claimed after one week that they had not received it.
They then advised me that the company name had been changed and that my wire transfer would be returned and I could send a new one to the new company name.
I traced my wire with my bank and it shows as delivered.

I still have not received my refund or any cloud services.

I have contacted Shaun CHONG and Nathalia Ra their CFO. THEY reply that they will make things right but nothing has happened yet.

Buyer beware

Hello

Someone can confirm me, smart pool with auto switch is working ?

Greetings, I had the same problem, but everything was decided by myself)

That's pretty unfortunate they pay that low, isn't it.

They switched to 105% reward.

Since they're keeping the extra ~9% from tx fess for themselves, this is now a pool with an effective 4% fee. At least. Goodbye pool.bitcoin.com.

i woudn't mind to pay 4% fee to a pool with PPS that included fees.
However block reward and fees are bigger than 120% right?

My post was deleted in another topic about comparison about Via BTC PPS vs PPLNS....
It's a forbidden topic ?? It seems there are some problem...


Check for example the 26/02 with one S9 on PPS mode, and two S9 in PPLNS :

just 8% in more for two S9....

https://reho.st/view/self/49748df46b0011c40a3dda5c7db5f325526ae13b.png

https://reho.st/self/49748df46b0011c40a3dda5c7db5f325526ae13b.png

PPLNS only pays when the pool finds blocks. They only found around 25 blocks on that day. Looks like about 60% of expected so PPS paid more as it pays for shares.

OK i see.
I would like to calculate the average on one month but it's harder.
So finally, the luck is the key...