Bitcoin Forum
June 25, 2024, 02:34:32 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Pools (Altcoins) / Re: █▓▒░-< [ZPOOL.CA][FlexFee™][SegWit] The miners multipool >-░▒▓█ on: June 05, 2018, 10:28:29 AM
The only explanation i have is that GIN coins i mined at first sold and than bought back with 10% higher price. And it is super ridiculous.

This isn't a solo pool. All blocks are pegged to exchange prices regardless. You get BTC for your work and it buys you your payout coins, based of exchange prices.

So thats mean that i am right. You selling all mined coins and than buying them back with higher prices (mostly) wasting quitе a lot.
2  Alternate cryptocurrencies / Pools (Altcoins) / Re: █▓▒░-< [ZPOOL.CA][FlexFee™][SegWit] The miners multipool >-░▒▓█ on: June 04, 2018, 10:38:14 PM
Explain me this please: I mined 4.9 GIN from GIN blocks but received only 4.4. Where my remaining 0.5 (10%)?
Example
The pool mines some GIN blocks among others.  You get a % value (converted to BTC as that's how the pool works) based on the exchange rate.

Coins get sent to be exchanged and divided among people whom have a % share.

BTC returns from the exchange; and are divided among the miners.

Since you want to be paid in GIN;  you wait for GIN to get mined to cover your share.   When they are mined and given to you;  their value is based on the previous sale.

This is how I understand the process to work.   There are more variables at play when it comes to mining something on a multi pool because this is not a solo mining pool. 

You are taking an estimate (4.9GIN) and treating it as an actual value.... which it is NOT.  It is an estimate.  If it was an actual value, it would have said 4.4;  but since that can't be determined until the BTC returns from the exchange, its is called an estimate.
Not my situation.
As I said, i mined 4.9 GIN from GIN blocks, its not estimate value, it is a sum of rewards per blocks. The only explanation i have is that GIN coins i mined at first sold and than bought back with 10% higher price. And it is super ridiculous.
3  Alternate cryptocurrencies / Pools (Altcoins) / Re: █▓▒░-< [ZPOOL.CA][FlexFee™][SegWit] The miners multipool >-░▒▓█ on: June 04, 2018, 08:34:54 AM
Explain me this please: I mined 4.9 GIN from GIN blocks but received only 4.4. Where my remaining 0.5 (10%)?
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] POLIS [GOVERNANCE] [MASTERNODES] [Lucky-PoW] [X11] on: January 01, 2018, 01:26:12 PM
It's a scam for sure, contact form is not working.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!