Thanks for the reply.  Again something I had not considered as I have only one mining rig.  So this would have to be done at stratum server level and would terribly complicate things by needing user registration to manage such things as someone suggested  (I nodded off and fell asleep watching TV and did not notice your reply for a while).  Well it was a thought anyway for PW to reduce his transaction costs and make him more money.

If user registration becomes required, might as go all the way and make options for payout coin at a specific threshold and trading options so you can hold coins until user selected threshold is reached or let it be traded to BTC automatically.

I wouldn't buy them at 200 EUR. But do your own math with your assumptions, risk tolerance, opportunity cost etc.

As suggested a raise to 1.5% for fee would be accepted more readily than 2% which might be a make or break decision for some miners.  Changing to weekly payouts sounds like an interesting idea suggested by ? (I am still waking up and a bit foggy atm LOL).

If change to weekly payouts gets accepted, let an automated trading bot play with my unpaid earnings between payouts.  Looking at haasbot there are "insurance" options that help with determining if a trade should be made or not.

I'm afraid that the Gridseed "round stuff" (330-360 KH/s) is not going to be profitable if purchased at > $150, and even below $150 it's a risk since it can only do 1 thing - mine Scrypt. Of course it's all speculation, nobody can predict how difficulties, exchange rates, ASIC development, and everything else will evolve.

750 Ti is a fine piece of hardware, but it does use ~5 times the power of the Gridseed (not quite 70W, I think it's closer to 50W) and produces less hashrate, so it will become unprofitable much sooner. However it can do other things, such as Scrypt-N. Or play games. It will always have more value than a Gridseed. And there is no doubt that NVIDIA will come out with something more powerful based on Maxwell, which could make a difference.

The only Scrypt ASIC available now is Gridseed, and these cost $150-200 for 330 KH/s, not $70, and are not USB "sticks". There is a USB stick for ~$70 but it can do only ~60 KH/s.

We've been the lowest fee profit-switching pool since our start, but we do have to raise the pool fee from 1%, to 2%.

In an effort to keep with the transparency that this pool has always tried to put forth, a full explanation of the reasoning/rationality follows.

Essentially, it is nearly impossible to run the pool the way I'd like it to be run at a 1% fee.  Of that fee, a huge portion comes off the top immediately to exchange fees.  Using cryptsy as the example because most of our exchanging happens there, we lose 0.3% immediately.  We also lose a bit (depending on the coin) to transaction fees to get coins from our account, to the exchange, a bit more from the exchange to our bitcoin account, and a decently large chunk in bitcoin fees (this has gone down in 0.9, but its still a decent amount with our volume of low-priority coins) when we run payouts (and a lot more on sundays when we run 0.001 minimums).

After all of these fees, plus hosting costs (which have doubled due to the DDOS and constant attacks on our boxes), DDOS protection, server monitoring, etc, we're left with an extremely small amount for actually running the pool.  At the end of the day, with me working on the pool for 40hrs/wk (a very conservative estimate), I'm looking at what amounts to a manager's job at walmart.  Except the manager at walmart doesn't get woken up nightly due to server pages.

Essentially, for me to be able to justify the amount of work I put in on wafflepool, I need to raise the fees.

I've been wrestling with the decision for a few weeks now, and during the start of the DDOS/attacks was at the point of saying "fuck this, its just not worth the stress", but decided to fight through it and get 3hrs of sleep a night for the week.  We're back, and today is our best profit day in a while (thank god for bad luck streaks...), but its at this point that I need to raise the fees to make it worth it to run in the future.

2% seems reasonable to me.  It matches almost all of our competitors (who were smart enough to do it in the beginning), and isn't a huge change to the end user (1% to 2% isn't a major change in profitability).  And allows me to sink more work into the pool without feeling screwed at the end of the day.

Again, sorry it has to happen, feel free to rant about how this is the end of WP/multipools/etc, it wasn't a decision made lightly.

   Well the profit in VTC is very volatile, but yes I've made more money there the last weeks, but now is also very low. I dont really care about now, I think about next months, so we have to wait a bit, now all is changing. If in one month or so scrypt N coins are not profitable, I will just stop GPU mining.  On Ebay GPU's still have a good price to recover some money. I've also heard a new generation of GPU's that will use half power are just coming, so our GPU's are not a solid investment for a long time at all.

    In my opinion the gridseed will kick gpu's from Scrypt, same as before the Asics kicked the Gpu from sha coins.  I've said that before and some users said that will never happen, well, I'm not an expert but I think this is already happening, slowly yes, but just wait a bit the next gridseed generation.
   Gpu's will need to move, I did it already, I just mine Scrypt-N coins, waiting to maybe wafflepool or another one makes a multipool of Scrypt-N coins.

Hi!
There are some bugs to iron out Taco:

a) Sometimes the app don´t restore... Simply stays hidden on the taskbar, even by forcing it not appears, closing and opening the app, seems to "fix" the problem, but sometimes it happens again
b) There should be a warning to confirm the removal of the miner just after we wrongly press the "X" inside the app. Another solution is to hidden the X inside the context option when we do Right Click to rename ou duplicate.
c) The console is allways being updated and we cant seem to pull the log up, because it allways refresh down...

There could be more bugs, but these are the most obvious...
For the features to add please consider those:

a) Auto-Restart the miners by the following options:
1) defined hash power (or drop on hash power), defined time, defined periods of time (Auto-Restart miners on timer).

b) Auto-Restart + Auto-Run the Windows + App, defined by: hour, or period of time (exemple, Programable reboot windows timer - restarting the system 2x per day and auto-restart the app win entering windows).

c) Better information on the sumary box (some graph or somekind of information of the speed of various miners).

d) Maybe a connection with some stats for the more famous multipools (WafflePool, Clevermining, MiddleCoin)

e) the same with the BTC currency exchanges (BitStamp, BTC-E, etc..)

f) Better identification of the cards (if possíble by brand of model identification)

g) there are some profiles lacking in the AMD range (don´t have NVIDIA, so i don´t know that one).

h) Extra field for a second backup pool if the main one falls, and auto-change to main pool if the same is back online (that can allready be done in the flags camp, but i belive that a extra field would be much more intuitive and easyer).

i) Time delayed after app starts to run the miners (for 10 or more seconds for example)

j) Auto-Retry on connection errors (defined value Check in X Seconds and Check X times before move to second pool)


There are some more features that would be great on GUI Miner, but these are the most needed ones...
Thanks for your time and efford!

Best Regards,

LPC

DDOS stopped for about 30min, and its back again.  I've got new boxes up in place, should be able to mine right now on new endpoints. Just make sure to bust any DNS cache you have (restart the miner should do it).

Seems to be back up...

I think a lot of miners have no clue what they are doing. The posts in this thread and other forums prove my point. Some have no clue have economics play out, others have no clue technical wise.

Every other post is someone looking at a chart, "OMG" and thinking coin XY is crashing.

An easy way of making ASICs unprofitable is to design algorithms that require large memory buffers and that have performance bound by memory bandwidth rather than arithmetic.  ASICs provide the greatest benefits for algorithms that are arithmetic-bound, and they provide the least benefits for algorithms that are bound by memory bandwidth.  By combining a large size memory buffer with random access patterns, we would get a level playing field that evolves very slowly.  GPUs of today have 200-300GB/s memory bandwidth which has only increased by a small margin generation-to-generation.  GPUs are expected to get a nice jump in bandwidth when memory technologies like die-stacked memory show up in a few years, but after that bandwidth growth will be very very slow again.  A large part of the complexity and cost in a GPU is the memory system, and this is something that is only feasible to build because millions of GPUs are sold per week.  By developing an algorithm that requires a hardware capability that is only cost-feasible in commodity devices that are manufactured in quantities of several million or more, it would push ASICs completely out, and keep them for a very long time, perhaps indefinitely.  It's one thing to fab an ASIC chip, it's another thing to couple it to a high-capacity high-bandwidth memory system.  If you design an algorithm that uses the "memory wall" as a fundamental feature, it will make ASICs no better than any other hardware approach.

Do you really think we need a picture of a cat around here?

The internet gives everyone a place to voice their opinion.  The problem is everyone has an opinion.  And some have pictures of cats.

WoAH... 20GHs of scrypt? I doubt thats 1 person.. This whole pools hashrate is 30Ghs with around 5000 people, Is that 20ghs included or that ramps up to 50ghs when there on... I cant see that being a single miner, is it possible to aim a private pool at this multipool or possibly 300 different miners with 1 address and they are working together..