If you are a greeedy scam pool like Ghash.io is it more than worth it to mine today.

You dont dare want to drop 40BTC on CEX.io/Ghash.io cloud GHS. the maintenance fees will eat that 40BTC right up. They charge roughly 62% of your earning in maintenance fees, then if you compare your earning minus the fees against what was actually deposited to your balance you will see you actually only got around 48% of the earnings that were left over after the fees. there are also many times where your earnings are lower than the fees thus they take BTC out of your account to pay for the fees on the GHS you just purchased.

The bottom line thruth bout this pool is they are making more than the miners in a big way and they hve only about 1/3 of the hashing power of the pool. Another member said they have only 13Phash. so because of this they have to charge its members more than its worth. Our math has figured they make roughly 8+ BTC per block found. That is a pretty nice income for a Pool actually who only owns 1/3 of the hashrate in the pool. And the best part even that hash was paid for by the members.. Well done CEX.io WELL DONE!

It is already rising now that the rental is over It is back up to 99.90 already. I wonder what the efficiency of those rented rigs really was, if its moving back up that fast it says my equipment is very efficient on this pool.

Is it a straight up PPS or a PPLNS? I do not like PPLNS pools

I was going to tell him the same thing about a 2 hour test.

syrota my comment about the steps used in renting rigs was not to offend you if i did, but more so to help the noobs who are getting into pools. experienced miners like you I would hope understand pools servers and things, but until you see a few posts from  someone you dont know a lot about them, when I post I post so when noobs run across our stuff in the future or even now, they can see what to do and how it works.

and this pool does have a lot of servers I love that. More than I see in any other pool even Ghash.io only has 3 sha servers.

HAHAHA not to be funny here cause the situation was not a funny matter, but syrota when I had google to translate your forum thread you gave I swear it is translating bitcoins into Meatballs, it said "It is no secret about 47 meatballs in terms" I just assumed you wrote 47 bitcoins right ? Unfortunately it did make me question your experience level

I have to agree its not a huge change but my efficiency with my own equipment was 99.98% after the rig rentals it dropped to 99.88%

Wow it is amazing how many people are bad mouthinig this pool. I pray to goodness they stay exactly like they are.


Firstly let me say until Bitcoin affiliate network I used to think and know renting rigs was not profitable, but tonight I found this pool made it profitable. When renting a rig make sure you do the right things.

Firstly this pool makes it nice because they have many servers, dont rent a rig from Singapore and connect to a server in westUSA, use enough common sense to connect to a server closest to the rig your renting. Next if its more than 0.000000025 price/Mhash/day its most likely not going to be profitable. think about it logically would you rent your rig out for the same amount of BTC you can get mining in a pool. No so why are they going to.

I have only been here a roughly 40 hours so I really have not had a chance to have many problems. I was seriously not worried about the S3 as those are half the hash of my current equipment I buy and like, I wanted to try it after the escapade with Ghash.io who absolutely are scammers in its finest form. In the dictionary next to the greediest pool in existence is Ghash.io logo. Anyways, I tried f2pool and it was nice I will admit the ad for the free S3 did attract me, altho I dont like its 1/2 the power of one of my machines, free is free and I could sell it if I won it and buy the machine I like LOL so i tried this pool anyways.

Before I could eat lunch and fart I already had a deposit, then another then another, then I switched it to 8 hours so not so many, now I went back to the 2 hour because I liked seeing so many. this pool has been fun, paid fast and I have had better hashrates here than most other pools, my hashrates with them blew my rates with Ghash.io out of the water.

to be quite honest even if the S3 promo was a set up the payouts here are well worth the visit. I threw the smallest miner I had at it to begin with and was surprised he could even get a payout, then I added a big machine with him and the payouts kept coming.


I hope you guys keep this pool as of now, with as well as it has gone so far, you have a lifetime member with me. Please dont be like the other pools and screw it up. I buy machines all the time so ill keep throwing hash at you.

For those of you wanting some pictures to back up posts Ill give one of my wallet. This section is the payouts since I began as a member earlier yesterday roughly maybe 40 hours or so ago. so you can see the payout times, the coins you see sent from the wallet I used to test rent a rig, has a red arrow, the red box around the 2 transaction are the income from the rentals. the 2 transaction I crossed out were my wife doing faucets still. She loves them HAHA so they are not important for this situation.



and I still have another  0.00227735 waiting to be deposited. but the rental is not complete for another 30 minutes.



You show me another pool with those kinds of payouts with a measly 1Th of mining power, because I am a member of a lot of Pools and I know for certain with my equipment Bitcoin Affiliate Network puts to shame
(in order of crappiest to not so crappy but still no where near as good)
Ghash.io
Slushes
Eligius
BTC Guild
Coinotron
Triple mining
Wemineall

And The only Close competitors I have found.
F2pool (Discus)
Eobot (If you cant make money here you should turn your miners off cause your an idiot)

This one is nice

Well first let me say, this last post you wrote seems a lot like the goblin off of Lord of the Rings, and we all know he had a split personality, so whats they say for you , Mr only 8 posts and no wallet displayed so we can check to see exactly how well off you and your 2011ers are??

They sleep very well at night on their 5000 dollar feather mattresses, in their 1500 dollar pajamas. They dont mind at all, they payout only 50% of your earnings on your hardware, they take 62% in maintenance fees on your cloud you buy from them, then somehow as I found out yesterday doing a little math on the income you do make after the fees on the cloud , somehow they are taking another 50% of that, we noticed in one section of the payout from the cloud on one column we subtracted all the fees from the rewards and came up with a 0.00009000 profit, but when you calculated the actual balance column the account balance only reflected a profit of 0.00005011.

When I showed them that my miner was paid for only 50% of the shares he put in, using their own cloud payout and shares found, along with my miner stat reports and showed them their servers cost me 90% of my hashrate for 6 hours I was feeding them, it took them 2 days to come up with a testing solution, because their own stats sheets, their own payout reports, their own facts seemed not to be enough while included with screenshots and my miner stat outputs, their solution at this point

Your math is not wrong, its Ghash who is wrong, Ghash is a great representation of a awesome attorney firm, who throws paperwork at the defense. In stressful situations or close losses they will throw as many numbers and statistics at us in hopes we will overlook the true facts,as you can see both your numbers and my numbers are added correctly, yet my account was still only paid 50% of the reward in question.

EDIT:
And now their latest reply to the situation that I have given stats, reports, screenshots and everything else they need

I am not sure what makes you think my miner is unstable the picture clearly gives a <5s> average of 1020 and a overall (which would have been a 4 hour average) of 1022. As I had followed their instructions and found out NO it was not my connection or my miner as the other pools I used to test its hash on were matching within the +-10% average it should. I had only 5120 rejects and 21 hardware errors in 3.2 million processed shares, Nothing unstable about that figure is there?

SO it was not my connection or hardware. As you can see in the picture the rate my miner stats have are well under 50% of what Ghash was reporting at the time of that screenshot. it was at only 10% of the work he provided the day before for over 6 hours and a lot more blocks. Even their 1 Hour average is 25% less than what it should be. AND as we all found out it was Ghash.io servers/reporting code not our equipment, as even their script servers were having major issues, it got so bad all external connections were broken leaving only 13Phash for a little while. So this was not an error on my end.

That small window of blocks about the cloud fees was not actually pulled to complain about the payouts, it was pulled to show we were not paid for the blocks that were missing, which as you mentioned have now been paid. But then as I re-read the post I looked closer at the section I had posted, and saw the problems and edited to point the losses out. The bottom line here is it really doesnt matter what you feel the overall situation is you should never lose money on hash you paid a pool for due to maintenance fees, you say their costs go up, how do you think I feel about the 1028 Ghash I was feeding them for 6 hours and only got paid for 10% of that? how am I supposed to feel? Is the electric company going to give me a 90% discount for those 6 hours because Ghash had server or coding or software reporting problems, No, but as you see they gladly took thier fees from the cloud I used to own didnt they?

My miner is stable and happily mining another pool that has reported 1020 to 1058 of hasing power for the past 32 hours actually, Now low payments or exccuses. Thank you very much. I sold their cloud back to them as it is not profitable.

Bottom line Ghash is making themselves rich from its members, fees on withdraws, fees on buying, fees on selling,  fees on cloud for maintenance, fees for farting and burping, fees fees fees, low payouts, and hiding blocks for as long as they can, paying its hardware miners only 50%of their reward. Its just not right and people need informed.

Oh and you must work for Ghash because your math is 50% off in ghash favor

But here are the hardcore facts in the balance statements of each line

0.00026826 <---------ENDING BALANCE
0.00031822  
0.00029059  
0.00030135  
0.00027158  
0.00027365        
0.00024244        
0.00028616  
0.00025517      
0.00028702  
0.00024341  
0.00026737  
0.00022149    
0.00024004    
0.00019416  
0.00024671    
0.00020549  
0.00021815 <--------STARTING BALANCE

So  
 0.00026826
-0.00021815
-------------
 0.00005011

far cry from the 0.00009000 you show in your math. WHICH is actually mathematically correct,however my account was not paid the 0.00009000 Satoshi that the rewards minus the costs show, it was credited only about what? that right folks again the I was credited close to only 50% what it should have been. Another 50% payout average this thread was started about. So thank you employee of Ghash thank you for allowing us to point out yet another way Ghash seems to be taking another 50%

I noticed in the customer support tickets you guys seem to do the same thing, you skim past a lot of the information in the ticket and pick and choose what you want to respond to, why have you not addressed the situation and all the proof I posted above, the screenshots, the factual documented payouts and shares provided by workers, as well as the maintenance fees on your cloud that are sometimes larger than the reward on your cloud? You seem to be doing the same exact thing in my support tickets, just skimming past the important things, not even looking at provided screenshots and answering things that are not needed but ignoring the real issues. Thenn closing the ticket claiming it to be merged with others without resolving all the issues in each ticket. responding to a ticket does not mean it is solved, resolving the ticket in hopes that each side is pleased with the outcome resolves a ticket.

Ghash remember you can not plausibly deny simple elementary mathematics, the proof is above. You cant have your cake and eat it to, if 50ghash of cloud that you charge maintenance fees for can process 166,000 shares theh its logically and mathematically correct to understand 1000 Ghash of mining power can process 3.2 million facts are facts. Paying only 1.5 million is in FACT less than 50% of the payout.

To fully come out and answer the OPs question, At this point in time as a (somewhat former) member of Ghash.io I feel YES they are in fact cheating their miners and members and YES they are in fact paying Less than 50% of expected, the proof is in the long post above.

payouts for the 2 blocks have been caught up, I luckily made more than the fees LOl but wow their fees are super high, you should never NEVER pay more in fees to mine ablock on cloud mining, i dont care what rationalization you use. I am still mad they cant explain how 50ghash of cloud can process 166,000 shares of a block and get charged over 10,000 satoshi in maintenance fees, but then try and expect me to believe my 1 thash miner who also was mining that whole time earned only 1.5 million shares, its just not possible in any way especially mathematically. so between my mining equipment of 1 thash and the 50ghash of cloud I made only 50,000satoshi for a 4 hour block but my reward after fees was only 40,000 satoshi, Its just not right.

OkI am totally new to this so please bear with me, I just need to learn how to set this up. I put the command lines in and all it does is tell me unable to access jarfile (pick any pool address you want and put it here) I tried a couple different pools all with the same result.


E:\Bitcoin\Stratum Proxy\stratum-proxy-0.5.0>java -jar -h nl1.ghash.io:3334 -u c
yberpinoy.rbox -p x
Error: Unable to access jarfile nl1.ghash.io:3334

E:\Bitcoin\Stratum Proxy\stratum-proxy-0.5.0>java -jar -h stratum+tcp://nl1.ghas
h.io:3334 -u cyberpinoy.rbox -p x
Error: Unable to access jarfile stratum+tcp://nl1.ghash.io:3334

E:\Bitcoin\Stratum Proxy\stratum-proxy-0.5.0>

in a few other cases I am getting this


E:\Bitcoin\Stratum Proxy\stratum-proxy-0.5.0>java -jar stratum-proxy.jar proxyOp
tions
Exception in thread "main" java.lang.NullPointerException
        at strat.mining.stratum.proxy.Launcher.main(Launcher.java:101)

E:\Bitcoin\Stratum Proxy\stratum-proxy-0.5.0>

the help finally started working but I was getting a java.dll missinf and a value 1.8 is present and needs to be 1.7 but I think those errors maybe gone now for some reason.


Also I have checked all the folders and can not find either of the config files i would rather set it up that way I did find this however


E:\Bitcoin\Stratum Proxy\stratum-proxy-0.5.0>java -jar stratum-proxy.jar
Log directory not set or available. Use the tmp OS directory.
2014-08-26 02:23:26,009 INFO     [main]:strat.mining.stratum.proxy.Launcher - LogLevel not set, using INFO.
2014-08-26 02:23:26,015 INFO     [main]:strat.mining.stratum.proxy.Launcher - Using pools: [].
2014-08-26 02:23:26,068 INFO     [main]:strat.mining.stratum.proxy.manager.StratumProxyManager - ServerSocket opened on 0.0.0.0/0.0.0.0:3333.
Aug 26, 2014 2:23:26 AM org.glassfish.jersey.server.ApplicationHandler initialize
INFO: Initiating Jersey application, version Jersey: 2.7 2014-03-12 18:11:31...
Aug 26, 2014 2:23:27 AM org.glassfish.grizzly.http.server.NetworkListener start
INFO: Started listener bound to [0.0.0.0:8888]
Aug 26, 2014 2:23:27 AM org.glassfish.grizzly.http.server.HttpServer start
INFO: [HttpServer] Started.


very new to this and just trying to get a nice stratum system up and running, I am hoping this will do what i am hoping it will do.

well it took me a total of 3 minutes to confirm and find the blocks that were processed, and compare the results to my paid blocks and see I was not paid, but it has been well over 9 hours and we still have not been rewarded. So i guess they are taking the "bold" approach here.

EDIT: they have paid for the two blocks, Luckily I made a profit since they were mined with the cloud and have recently been incurring HUGE maintenance fees. PHEW

I would say its time for you to start your own pool right? Take from them give to yourself. Let me know when you get it up and running Ill some hash at it

Seems like there is a great deal of investigating, followed by a greater deal of huge maintenance fees that are costing the users more than they are rewarded, and very little solutions being accomplished, it has been a bad day in the land of Ghash.io for its members, and a very profitable one for the pool management and staff.Congrats on your hard work being rewarded, I wish I could tell my poor 1Thash miner the same thing who was raped by your system.

First let me tell you how i found this out, I had a problem where for 6 hours my miner was getting paid for only 10% of his hashrate, the support team has still made it like it was on my end, during this time their own servers were going up and down, my miner would not failover to another pool because in my cgminer it was connected and hashing,thus a failover would not happen, During this problem I pointed my miner in other places for a test like they asked me to and finally pointed it back to ghash.io and mined a whole 4 hour block.

I then noticed my 50ghash/s cloud I have with them was charged a maintenance fee for 177,624 shares mined that block

I will list a few things for you to determine yourself, along with screenshots to back it up.

My miner report for that block
(5s):1.023T (avg):1.022Th/s | A:3322712 R:5120 HW:22 WU:13.6/m

This was the payout report
17732 2014-08-24 09:49:25 317250 25.0550 1/120 4 hours 46.77 Ph Your shares 1523536/75000007950 0.00% 168878284227 0.00050896

Here is the report from the block cloud mined and its fees.
2014-08-24 18:34:54 0.00050896 BTC   0.00050977   MINING-Block #317250, Reward: 0.00050896
2014-08-24 18:34:54-0.00010196 BTC   0.00040781   MAINTENANCE-Shares 177624 , Cost: -0.00010196

Now if we do a simple mathematical equation it will tell us something interesting

If you can mine 177,624 shares with 50ghash/s of mining power in a 4 hour block, how many shares can you mine with 1000Ghash/s of mining power in a 4 hour block?

Solution 177,624(20) = 3552480

Wow how ironic to see that mathematically the numbers match very closely to what my miner stats output was huh?



So from this we can clearly assume Ghash.io is paying us less than 50% of what we mine, and make many excuses and avoid this situation in customer support. his first response was



Please view the same picture submitted to him NOTICE the pool I am mining in HAHAHAHA.  Also, understand I already told him I had not subtracted the rejected shares from the 3+millions shares provided but even if I did it would still leave my shares provided at over 3 million.

Your thoughts??


In addition lookat the reward versus the cost of their cloud, below is a report of cloud GHS I ussed to own on CEX.io until I saw it was costing me money instead of making me money

2014-08-25 10:19:37   -0.00004996 BTC   0.00026826   MAINTENANCE   -   Shares 87032 , Cost: -0.00004996<-------------
2014-08-25 10:19:37    0.00002763 BTC   0.00031822    MINING   -   Block #317346, Reward: 0.00002763<-----------------LOSS of 0.00002233
2014-08-25 08:18:26   -0.00001076 BTC   0.00029059   MAINTENANCE   -   Shares 18744 , Cost: -0.00001076
2014-08-25 08:18:26    0.00002977 BTC   0.00030135    MINING   -   Block #317335, Reward: 0.00002977
2014-08-25 07:54:04   -0.00000207 BTC   0.00027158   MAINTENANCE   -   Shares 3600 , Cost: -0.00000207
2014-08-25 07:54:04    0.00003121 BTC   0.00027365    MINING   -   Block #317333, Reward: 0.00003121
2014-08-25 07:46:58   -0.00004372 BTC   0.00024244   MAINTENANCE   -   Shares 76152 , Cost: -0.00004372<--------------
2014-08-25 07:46:58    0.00003099 BTC   0.00028616    MINING   -   Block #317332, Reward: 0.00003099<------------------LOSS of 0.00001273
2014-08-25 06:03:07   -0.00003185 BTC   0.00025517   MAINTENANCE   -   Shares 55472 , Cost: -0.00003185
2014-08-25 06:03:07    0.00004361 BTC   0.00028702    MINING   -   Block #317324, Reward: 0.00004361
2014-08-25 04:46:45   -0.00002396 BTC   0.00024341    MAINTENANCE   -   Shares 41736 , Cost: -0.00002396
2014-08-25 04:46:45    0.00004588 BTC   0.00026737    MINING   -   Block #317314, Reward: 0.00004588
2014-08-25 03:48:34   -0.00001855 BTC   0.00022149    MAINTENANCE   -   Shares 32304 , Cost: -0.00001855
2014-08-25 03:48:34    0.00004588 BTC   0.00024004    MINING   -   Block #317314, Reward: 0.00004588
2014-08-25 03:03:57   -0.00005255 BTC   0.00019416    MAINTENANCE   -   Shares 91544 , Cost: -0.00005255<---------------
2014-08-25 03:03:57    0.00004122 BTC   0.00024671    MINING   -   Block #317310, Reward: 0.00004122<-------------------LOSS of 0.00001600
2014-08-25 00:59:13   -0.00001266 BTC   0.00020549    MAINTENANCE   -   Shares 22048 , Cost: -0.00001266
2014-08-25 00:59:13    0.00003989 BTC   0.00021815    MINING   -   Block #317298, Reward: 0.00003989

So ghash.io wheres the block payment for 317304 and block 317321

Recent blocks Found By GHash.IO
Height   Time   Hash
317398 (Main Chain)   2014-08-25 11:01:28   000000000000000005537de7c2e1cff923f24394c7778a4007c90ba7daf667c8
317391 (Main Chain)   2014-08-25 10:27:36   0000000000000000079874d433e7809a3fd707821eae25af7c7b954524a01cd2
317388 (Main Chain)   2014-08-25 09:37:07   00000000000000001b295c20166ff208e6cbb45317bc1c0046c1b496fba11de8
317379 (Main Chain)   2014-08-25 07:21:48   00000000000000000df30b837fa0eb04d0e17ae91f6da42016e251c44570591a
317373 (Main Chain)   2014-08-25 06:11:20   00000000000000000a786f9dce8d4914ab728de70dd5d9958283f8469ccc6f5e
317354 (Main Chain)   2014-08-25 02:38:29   00000000000000000eba653188a2a5e56a327776ce8b50e2fc973cb9f00c82d6
317346 (Main Chain)   2014-08-25 01:21:07   00000000000000000ba156235ee5023a94341ab56261ffb8ea1d82be4d6d9727
317335 (Main Chain)   2014-08-24 23:19:35   000000000000000011138abc2b473e66674a0477a6a2746a7dcec899b9816f44
317333 (Main Chain)   2014-08-24 23:00:00   0000000000000000033869804030d3b792bf05266341e8942d2c7914b4079474
317332 (Main Chain)   2014-08-24 22:36:05   000000000000000026eef432722080188ba9e6a7cde26958562fd17a8bf94089
317324 (Main Chain)   2014-08-24 20:46:04   0000000000000000035c9c33100333fb82b0e81e9445b1289abcde3eee093e53
317321 (Main Chain)   2014-08-24 19:50:55   000000000000000002aa1f3f86b321c00ad0998e2b4c80a0d7b1c21b42e162dd
317314 (Main Chain)   2014-08-24 18:59:04   0000000000000000089e428ee009e7ab7fcf405e6346e1a38c11fd1f15f8a3b9
317310 (Main Chain)   2014-08-24 17:54:49   000000000000000028dd8105985932dc177198bbbcb22da939a5e2c1f180e878
317304 (Main Chain)   2014-08-24 16:47:01   0000000000000000264613cfeb8bade08f5eead26966f568c9fd6ef32dc44616


So exactly what more is there for you to investigate??

EDIT: Actually Ghash.io pls stop farther investigation, After looking at my payout reports closer I think i will be happy with the positive 11,000 satoshi I left in the account before I pointed my hardware elsewhere and sold all my CEX.io GHS in there, and withdrew all myb BTC I had. If you investigate those blocks I will probably end up with a negative balance due to maintenance fees. So I am ok you can greedily keep that 50 BTC  if you need it so darn badly.

I use Multibit desktop wallet because You cant solomine BTC unless you have 1 Phash/s or more in mining power so why deal with the whole sync and crap, I dont use online wallets because none of them are secure in any way and most of them take to long for transfers, Multibit does not have to completely sync and has a very fast transfer. gives me all the benefits of the qt wallet without the wait

If I were solo-mining BTC I would have to get a qt wallet But I am not I solo mine low difficulty shit coins and trade them for BTC hahahahahaha

First let me tell you how i found this out, I had a problem where for 6 hours my miner was getting paid for only 10% of his hashrate, the support team has still made it like it was on my end, during this time their own servers were going up and down, my miner would not failover to another pool because in my cgminer it was connected and hashing,thus a failover would not happen, During this problem I pointed my miner in other places for a test like they asked me to and finally pointed it back to ghash.io and mined a whole 4 hour block.

I then noticed my 50ghash/s cloud I have with them was charged a maintenance fee for 177,624 shares mined that block

I will list a few things for you to determine yourself, along with screenshots to back it up.

My miner report for that block
(5s):1.023T (avg):1.022Th/s | A:3322712 R:5120 HW:22 WU:13.6/m

This was the payout report
17732 2014-08-24 09:49:25 317250 25.0550 1/120 4 hours 46.77 Ph Your shares 1523536/75000007950 0.00% 168878284227 0.00050896

Here is the report from the block cloud mined and its fees.
2014-08-24 18:34:54 0.00050896 BTC   0.00050977   MINING-Block #317250, Reward: 0.00050896
2014-08-24 18:34:54-0.00010196 BTC   0.00040781   MAINTENANCE-Shares 177624 , Cost: -0.00010196

Now if we do a simple mathematical equation it will tell us something interesting

If you can mine 177,624 shares with 50ghash/s of mining power in a 4 hour block, how many shares can you mine with 1000Ghash/s of mining power in a 4 hour block?

Solution 177,624(20) = 3552480

Wow how ironic to see that mathematically the numbers match very closely to what my miner stats output was huh?



So from this we can clearly assume Ghash.io is paying us less than 50% of what we mine, and make many excuses and avoid this situation in customer support. his first response was



Please view the same picture submitted to him NOTICE the pool I am mining in HAHAHAHA.  Also, understand I already told him I had not subtracted the rejected shares from the 3+millions shares provided but even if I did it would still leave my shares provided at over 3 million.

Your thoughts??