Fixed.

If you haven't seen it, it seems NMC has some big issues, like shit just doesn't work.


That said, as a big miner, i know that constant, ongoing percentage fees really suck. That is why I would like to discuss a better model.

This pool will be a business unit and will have employees so it needs to cover costs and make a profit to run for the long term.

Forgot to post this on Monday. Too many other things going on. 

Teramining Update

We ran at 114.85% PPS last week and we had some equipment go down for an extended period of time.

Gigamining Update

Claims are now closed. It has been a year since the closure of GLBSE and six months longer than I said I'd keep claims open. Everyone who's claim I received has been paid.

Best,
James

Sorry, let me be more clear. Lets say for example, the pool has a tiered pricing structure. There are two parts to this, fees for mining and a monthly recurring fee (or paid a year in advance).

So we'd have the basic plan: which would be 1% for PPLNS if we ever come out of beta and 5% for PPS. You can come and go as you please and when you mine on the pool, you'd pay the fee.

Then, if your hash rate is high enough, you might want to choose the Pro plan where you pay a fee up front, say 6 BTC for a year and your fees are reduced. PPLNS would then be 0.5% and PPS would be 4%.

If you are an industrial miner, we'd have a plan where you could pay a larger up front fee, and your ongoing mining fees would be further reduced.

Make sense?

Feel free to discuss it here. Fees range from 10% to 3% at other pools for this feature and the pool operator taking on risk.

That said, I am hugely interested in setting up a Saas model for pricing which would reduce fees and would add special features like xls, pdf reports of earning and coinbase payments.

Discuss!

A lot of development will be happening on the pool for the rest of the week. I hope to not break anything, but big things are coming which require some database changes.

Since it seems a lot of people are squeamish about variance, I am going to introduce PPS mining into the pool. This will come with a fee but you won't need to worry about luck.

Sessions needed to be cleared.

Servers have been restarted. You should be able to login now without any issue.

Pushed some new code with a hiccup. Things are better now. Updates are:

• Sessions will last for 4 hours now so you can login less.
• Two factor auth now requires that you confirm it is setup BEFORE it is enabled.

Somebody still mines here?

Pro tip: Don't use Windoze for mining.  

Yes. All pools have bad luck.

One thing to learn about mining is that you will have more perceived bad luck then good. The reason is that long blocks just take longer to find than short ones. This is counter intuitive in almost every way, hence why I am mentioning it.

For those who have left the pool, please know that all you have done is guarantee that you keep that bad luck in the form of less earnings.  

Edit for more clarity.

The other problem with leaving the pool during bad luck is that you are divested in PPLNS after 10 hours. That means if you see us having good luck, you've already missed out AND it will take you another 10 hours to become fully vested in PPLNS again.

Looks like NMC is having stillborn issues....

https://bitcointalk.org/index.php?topic=310954.0

Should we keep it on the development list?

All part of the game. 

Try again.

Maybe you should take a look at block #39 to see 06d 12h 58m 28s of no blocks and then think what it was like pushing though that one....

There were more than a few nights of drinking and reviewing stratum / bitcoin servers to make sure nothing was broken.

Thanks! 

Hopefully I'll be able to start adding some new features this week.

We already run multiple bitcoinds behind an internal load balancer to allow the stratum servers to get work from either one. This is part of the fault tolerant nature of the infrastructure design.

Arrrrrr..... 

Looking at the database, we've had 27 orphans over 1,468 blocks. We are at 1.84% orphan rate currently which is a little high, but within the acceptable limits.

That said, I will look into if the bitcoind's can be optimized anymore than they already are.

KNC miners are going to continue to experience issues such as this because KNC is unwilling to work with the people most capable of fixing it.

Changing your diff settings will only help to keep the diff from changing until your miner settles at 20 spm.

To set the optimal starting diff, do:

YOUR-HASH-RATE-PER-CGMINER-INSTANCE / 1.4

Ex. My new KNC Jupiter runs at 568Gh/s. 568 / 1.4 ~= 405

Your estimated hash rate on the site will go above AND below what cgminer stats because of share variance.

If you have not read up on this, please take the time to do so. Bitcoin mining can be very stressful if you are not properly educated on these things.

Speed rates shown by the pool are only estimates based off of accepted shares submitted. Your speed over a 30 minute period can also vary greatly.

The default dashboard hash rate chart is averaged over a 2hr period and it better suited to showing approximate hash rate over any period of time.