My pool is only running at 400-600 MH/s and the payouts are already stabilizing quite well:



Paying a 1.5% fee for having the lowest possible variance seems unneccessarily expensive to me. I don't want to help create another whale on the markets. A 0.1% fee is enough to cover payout transactions. Bitcorepool.cc made 30 blocks in the last 3 hours, which means 240 blocks per day. 240 * 3.125 * 0.015 = 11.25 BTX per day. Before I started my own pool I mined at UMine, which only takes a 0.5% fee and has more than enough hashpower. I got annoyed because they forced payments in 0.1 BTX chunks which was rather spammy.

Pool rewards are stabilizing around expected levels. We just hit 50 BTX in total payouts!



I intend to add respective graphs in BTX to the graphs page. At least I'm not dumping my BTX as they are mined, so the conversion to BTC in those graphs makes it less useful to me.

Awesome! We still have a few ranks to go until first page.

What was the setting that caused this? In any case, seems like something else is also configured wrong, if a mistake by one pool operator can cause a network wide outage!

EDIT: Oh scratch that, I misread at first. So only SuprNova was configured correctly?

Look at https://coinmarketcap.com/currencies/BitCore! Is the market cap now correct?

I hope we get to hear the reason for this 2 hour network outage. It seemed to affect all pools, not just bitocrepool.cc

My pool is running at -1% fee, welcome . I can afford that until it grows to 1 GH/s at least.

I hope that this is not a case of block withholding: https://bitcoin.stackexchange.com/questions/4943/what-is-a-block-withholding-attack

I've been trying to warn people not to allow bitcorepool.cc to grow too large. If the hashpower is spread on more pools, doing this kind of attack becomes harder.

I also have two personal nodes running, both stuck at the same block number.

Yes. Take a look at https://chainz.cryptoid.info/btx/

That's because no pool seems to be generating blocks. The probability that no pool happens to generate a block in 1 hours and 42 minutes is extremely low.

How is it possible that the blocks suddenly stopped coming? We've been stuck at block 117823 for 1 hour and 42 minutes now.

Yep, they really paid 0.613 ETH for 0.989 HOWL

This actually ruined the graph on Blockfolio for me. There is no way to correct it afterwards and now it's way too zomed out to be useful.

As the message says, you don't have the private key to that address in that wallet. Hopefully you have it somewhere, otherwise your mining profits are lost, too.

What is the reasoning behind these dumps you postulated? Of course if too many people expect that to happen it will for no other reason than that, but then people will try to dump early etc. It's hard to speculate what will happen.

I lost count of the blocks already, as it should be. My pool is now rank 11 on the Bitcore top miner list . I'm thinking about lifting the 101 block waiting period for found blocks. Can I simply send one block reward + little extra to the pool wallet? I guess we'll have to find out.

My intention is to reduce the waiting period after a block is found, so miners get paid more quickly for their work. Next on the roadmap is an UI overhaul and a better payout system (probably PPLNS).

He seems to be pointing to an inevitable crash after the airdrops end... I wonder what would be the logic in that. To me it seems that the airdrops were priced in during november when the BTX/BTC price dropped from over 0.004 to its current level. When the airdrops end, I'd expect some dumping to happen, but by then we should be higher on the CMC ranking too.

Running at 400 MH/s now, -1% fee is still in effect. I'll change it to -0.1% after we hit 1 GH/s.

The pool got a mysterious incoming transaction this monday; it turned out to be an airdrop, even with this small hashrate we got lucky. Maturation period is set to 101 blocks, default in yiimp. Perhaps a smaller setting might also work?

In any case, this lucky finding made me think of the expected value of airdrop rewards for pools. I haven't yet checked the blockchain, but surely the big pools have registered their generation addresses. How many BTX could bitcorepool.cc expect to make from airdrops, for instance? Would this be enough to cover a -1% fee?

Since I'm too busy and math was never my specialty, I'm going to find it out by lowering the fee on my pool to -1%. Welcome!

EDIT: Just had to do a quick calculation. In Bitcore, 101 blocks takes around 2.5% of a week. 5% of 2.5% is 0.125%. Does this mean that (disregarding transaction fees) a -0.125% fee would be sustainable with 5% weekly airdrops? Well, I'll go with -1% for a while anyway

It would be absurd not to. But they could do it after, say, 4 months, and blame it on lack of time. It's that easy, and it might even be true!