I understand, I made no complaints about it.   It wasn't appropriate to discuss mining on other pools in this thread.  I apologize.

Thanks for your hard work.  The latest beta seems to fix all the huge values of earnings I was see.   

Keep up the great work!

Signatum is listed on WhatToMine.com!

https://whattomine.com/coins/191-sigt-skunkhash

Go calc all your hashing profits! Tell all your friends!

It's not a glitch...you can calculate the same thing pretty easily and see its the same for all coins.   I'm mining SIGT directly on Suprnova right now, but when that dies down I'll likely use Multipoolminer on Yiimp or the like and to the exchanges myself.

I stand corrected.   I did my own calculations and there is most DEFINITELY a 20% cut being taken.

My evidence

Feel free to take a look at all the work and check it for errors:
https://docs.google.com/spreadsheets/d/18G3-tVapwWzVAp83SExJpZlLAmahLDoNwQBIETDPeeU/edit?usp=sharing


Image of wallet payouts:
https://i.imgur.com/zrvXM9A.png

As you can see in every single case EXCEPT SIGT I was paid no more than 94% of the LOWEST market price for the last 24 hours.  



So as you can see even if all coins were sold at LOWEST market value for the last 24 hours I was paid on average 84% of that amount.  Every coin has moved to the exchange and cleared and is sitting in my unpaid value.  With the exception of SIGT which had a price range of over 300% change throughout the day the value of every coin sold was LESS than the lowest market price.

There are screenshots of every exchange that I used for pricing data showing that it is for the last 24 hours and it includes my system clock in the lower right showing both date and time I checked the data.

As I said mine on Zpool if you want, but just be aware of the truth in payouts.   Either Crackfoo's exchange script dumps well below the lowest market price for the day, we pay a HUGE exchange fee, or there is a cut being taken above the 2-2.5% fees advertised.   I have nothing to gain by presenting the information.  My goal is only to inform.

You're right it does come up and there is never really any numbers behind it.   It took me calculating it with my own eyes to see the facts.

You never bother to explain how the numbers work out the way they do, but they continue to show 20-30% below the LOWEST market value.   As I said I've been a defender of the site because I figured there was some things that weren't taken into account, but seeing the numbers on the Zpool site change as the price of SIGT rose yesterday and it always trailed the price by 20%+ and then locked in when they cleared and were moved to the unpaid amount is when it clinched it for me.  There is only one coin that paid more than the lowest market price yesterday and even accounting for the 5% drop in BTC over the day doesn't explain the 20% differences in prices on every single coin.

Please point where you explain any of this besides just dismissing it away?  The evidence is clear and can easily be calculated by anyone here.  As I said I didn't want it to be true, but it was.  So sad that you refuse to even acknowledge why this might be even if it is a cut that you're taking.  People would likely be happy to accept it if it were up front and clear.  You know what it doesn't matter because I have nothing more to lose to it.  Everyone has to make their own decisions about what they are going to do.

Feel free to take a look at all the work and check it for errors:
https://docs.google.com/spreadsheets/d/18G3-tVapwWzVAp83SExJpZlLAmahLDoNwQBIETDPeeU/edit?usp=sharing


Image of wallet payouts:
https://i.imgur.com/zrvXM9A.png

As you can see in every single case EXCEPT SIGT I was paid no more than 94% of the LOWEST market price for the last 24 hours.  



So as you can see even if all coins were sold at LOWEST market value for the last 24 hours I was paid on average 84% of that amount.  Every coin has moved to the exchange and cleared and is sitting in my unpaid value.  With the exception of SIGT which had a price range of over 300% change throughout the day the value of every coin sold was LESS than the lowest market price.

There are screenshots of every exchange that I used for pricing data showing that it is for the last 24 hours and it includes my system clock in the lower right showing both date and time I checked the data.

As I said mine on Zpool if you want, but just be aware of the truth in payouts.   Either Crackfoo's exchange script dumps well below the lowest market price for the day, we pay a HUGE exchange fee, or there is a cut being taken above the 2-2.5% fees advertised.   I have nothing to gain by presenting the information.  My goal is only to inform.

Jared SIGT only has one place to trade it.  The block time on it is 2 mins so it was hitting the exchange in less than 2 hours to fully mature and get on market.  The price was ONLY going up yesterday as it moved to market.   I was watching it the WHOLE time to get evidence to prove the nay-sayers WRONG.  You know I've been a defender of this pool for a while now.  I wanted the evidence to prove without a doubt that we were getting paid fairly.  Then I saw every calculation of price paid to my wallet address was 20-30% lower than the current rising price.   The price on Zpool rose with the market price on the market but it was ALWAYS 20% lower than the current ask.  Even after the coins cleared and we in my paid status the price given hadn't even been dropped to that level.

Also I'm not discounting the fees to transfer that Crackfoo has says that he pays.  The price to move the coins is .01 SIGT the price to get the BTC back is no more than .001 BTC.  That is not 20% of all earnings on the pool.  I'm not flat out ignoring it.

Why would I come here and eat crow after defending it for so long unless I didn't believe that things were very different than what I believed them to be?   Why is the credit given to the paid wallet 20% less than the market price at the time?!?  The coin ONLY went up yesterday during this period and yet the price given was lower than the actual price on the market at the time or even an hour after the time.  This is when the coins were marked cleared on the site and moved into my paid status.  Then I calculated the price of EVERY coin I mined in those few hours to the current market price and EVERY one was betwee 20-30% less than the current market price.   NOT the bid, the market price.  I checked every exchange of the coins that I mined in that period to make that spreadsheet.  I don't want this to be true, but I was faced with the stark reality that it is.

But you know people love to just post on a forum and admit they were wrong and take all the gloating for making the same arguments you are.  As I said mine here if you want, but it should be with the full information that you ARE taking a 20-30% hit from the price you would have ever gotten on market.  Call it a fee, call it a tax, call it cost of doing business either way it is less than what is advertised, even if it is more than what Nicehash pays.   All I'm saying is be honest with your users and people will stop pulling the fire alarm.

As I said that is what I thought, but when you watch coins go from unmature with one price that is 20% below market valued price, then to exchange the price has fluctuated with the ONLY market price that exists on Cryptopia, and then go to cleared and still 20% less than the only market price on Cryptopia the truth can't be any different.

There is one and only one place to buy and sell SIGT and I've been watching it all day.  Every time I calculated the price that zpool was showing for the coins I mined in the found block it was 20-25% lower than the current market price.  When the price rose the payout rose as well, but always 20% lower than the market price.

As I said keep mining if you are okay with the 20-30% fee that is being charged.  It should just be stated up front that is what is being charged.  It doesn't matter if it pays more than any other exchanging pool, the fees aren't stated, and that makes me not want to mine here anymore.  I didn't want to believe the half dozen or so people stating the same thing, but now I do.  Everyone has to make their own decision.  Do what you will with that information.

Just so everyone knows:


1st Halving is scheduled for August 21st
2nd Halving is scheduled for October 1st
POS goes full effect on November 26th

Give or take a day likely, but given 2 min blocks that's when it should happen.

Read back through this thread and read my post history.  You will see me saying the exact same things you just said.   There is a reason I'm saying what I'm saying now.

I believed it was just exchange fudge, but I guarantee you that I saw it with my own eyes.   I've been a HUGE proponent of this pool...I am no longer.  Believe me or don't, figure out the math yourself and you'll see what I see.  I started this math originally to do away with the nay-sayers and finally have the hard facts to backup my beliefs.  I ended up finding the truth instead.  My post history speaks for itself.

If you are fine with paying 20-30% fees then by all means keep mining here.  I'm not willing to do that anymore when Exchange accounts are free.  Especially on a coin like SIGT when we're talking a loss of BTC not just mBTC.

Just be aware that it does appear that Zpool is paying out roughly 25-30% less than the current market rate for no reason that I can see.

I didn't want to believe that it was what others had said, but looking at the price I've received for the coins on Zpool vs the price on Cryptopia it correlates to a solid 20-25% less than what you would get on market.

I calculated payout of the coins mined vs how much Zpool pays for those coins and market price of me selling and see for yourself in the screenshot.  Across the board there is a 20-30% disprepency lower for every coin I mined.  I was going to give Crackfoo a chance to response in private, but given the value of SIGT right now I think people should know how much you are losing.

Tell me you told me so, because you're right and I was naive and blind.  Zpool is stealing a lot of value from your mining even if it is paying out better than Nicehash miner.  The values below do fluctuate as the price of the coin rises and falls, but there is always at least 20% gap between what should be paid and what is going to be paid.

When you get back you should add the skunkhash algo and Signatum as it is now listed on Cryptopia.  It's eventually going to go PoS, but might be worth mining for a while.

This might be something to do with it auto splitting your coins instead of having to manually split your coin between multiple wallets.   Not sure though

Nope, I've staked 6 blocks in the last 2 days.

So instead of actually saving the energy it requires the same energy to inflate the coins and instead of the miner getting the coins some person who had the coins before gets them.  It's the same but actually worse.  It has all the disadvantages of PoW and all the disadvantages of PoS.  It's like a hybrid that selects all the negative features of both....

It's not generating passive income!  It is generating chaincoin just like a PoS coin would do.  To get your "passive" income you have to sell the newly generated coins thereby diluting the price.  There is no money being created by the masternode process.   The only difference between PoS and masternode is you require a specific number of coins to be setup in a wallet to create the mature coins for staking in PoS it is the number of coins in any wallet that are left there long enough to mature.  Nothing is locked in and nothing is generating passive income.

Except what you are talking about is exactly what the pump and dumpers do.   They manipulate the price until they want to make their money.   Masternodes don't print money they print chaincoins which means you're just taking out a dividend from the money that has been invested into the coin.  None of the coins actually produce any value to anyone they just create a new little pool that value collects in until it doesn't anymore.  The value comes from the fiat currency that has been invested in it either through another Crypto or if the coin is big enough directly from Fiat.   The value is still created by all the countries of the world that print the money and trade it for real world goods.  The only thing that is being attempted here is to try and attract as much value to the coin and then act like you have that value locked up in masternodes.  The problem is the money can flow back out just as quickly and easily as it flowed back into the coin.   A masternode can be tore down faster than it can be created and even if it is left to run the value is just slowly being drained from the pool.  Unless there is some value to the coin there is no reason for money to flow back in.

Bitcoin is as big as it is because it has been building for years and has been used as an actual currency for real world goods.  Millions and probably billions of dollars for goods have traded hands using BTC.  The blackmarkets traded HUGE amounts of capital for things that would never have been able to be transferred without it.  If Chaincoin could be positioned where it was used for something like that then yes value could be sustained, but without it then it is just a place to store some value and very unstable, unproven one at that.  I mean if the only thing you are trying to do is control supply then hard fork and trade 10:1 coins and boom you accomplished your task.  At least then the supply would actually be constrained.  With masternodes it is no different than PoS honestly.  Anyone can empty their masternode at any time and dump it on the market.

People trying to get people to pay for private miners....

I'm using the released ccminer 2.2 and seeing 32.75Mh/s on my 1080Ti and average 25.5Mh/s on my 1080's

Pool difficulty is skyrocketing though.  

You realize the press release costs $250 and anyone can release anything they want.   The developers are looking at coming back now that there is some money to be made in the short term no doubt, but if you looked at the volume in the last few days it sure looks a lot like someone selling coins to themselves over and over again to pump the volume up.  Didn't look like normal trading to me.  Looked like mostly sellers dumping their coins and someone else just dumping and buying their coins back over and over again.  Volume is an easy thing to fake and not even that expensive when the fees are only .2%.  So 500 BTC volume costs 2 BTC a day to maintain per day or so.