Bitparking PPCoin Pool [closed]

[anatolikostis]

pool is down.

[doublec]

pool is down.

Yes, working on it now. Restarting a crashed bitcoind, should be up in 5 minutes or so.

Edit: Pool is operational again.

[jhd]

Cgminer show me 1.2giga hash and on your stat i show only 700mega could you explain?

[pyra-proxy]

Do you have a merge mine option with PPC as the head coin instead of BTC... that's doable right?

[sal002]

tried withdrawing and not appearing in my wallet. Is all good?

[ssateneth]

Why did you increase fee to a HUGE 7.5% on PPCoin? 2.5% was much better, now you're just being greedy. Please revert this ridiculous fee.
With 7.5% of 550 ghash, you're making in the area of $1500 per DAY by doing almost NOTHING.

Please, dial back the fee. You are being greedy.

[Keninishna]

I think coinotron pps fee is at 8%, the pool ops are probably doing this because of the long confirmation time.

[12gaFacelift]

7.5% thats a way too much, time to find a better place then

[doublec]

Why did you increase fee to a HUGE 7.5% on PPCoin? 2.5% was much better, now you're just being greedy. Please revert this ridiculous fee.
With 7.5% of 550 ghash, you're making in the area of $1500 per DAY by doing almost NOTHING.

Due to orphans, stales and the instability of the ppcoin daemon there is a lot of loss that the pool absorbs. My PPC pool wasn't designed for huge hash rates like it is getting now and it's causing a large strain on the server. I've increased the fee to account for this and to discourage miners from using it - preferring them to use cheaper pools and reduce the load. When PPC supports getblocktemplate I can switch to using stratum instead of getwork and the pool can lower the fee. I do recommend switching to another pool if you're not satisfied.

With the 500+ block confirmation required with PPCoin the pool requires a large buffer. The pool reserves keep dropping low and I'm funding out of pocket to keep things topped up. I was fine with this when prices were low and I didn't mind spending 'hobby money' levels to keep it going. Now the costs are much higher and the pool needs to pay for itself.

[elvisrene]

im trying to mine but i cant it never shows any hash rate

[doublec]

im trying to mine but i cant it never shows any hash rate

Make sure you've spelt your username correctly. It needs to have the correct case. What miner are you using?

[anatolikostis]

my hashrate has dramatically decreased over the past 8 hours - from 13gh/s to 3gh/s - cgminer switched to other pool
 
there were some problems?

[Zxian]

Does anyone happen to know why the reported rate on my user stats is less than what's shown by either guiminer or cgminer? My 7950 is showing about 540MHash/s, while my stats page has been sitting between 460 and 480.

I've had a few rejected shares in cgminer, but none fail due to hardware errors (none reported anyways).

Thanks in advance!

[doublec]

Even with the fee increase the pool has hit a large bad luck run and I've decided to close the pool. The risk is to large to end out of pocket and having to buy ppcoins to cover the reserve at high prices. The following is posted on the pool page:

I regret to inform that I've decided to close this ppcoin pool. With the large recent increases in PPCoin price and the variance of finding blocks with the ppcoin network combined with the 512 block maturity time it's become to risky for me to keep operating. In the last few days the pool has lost 10,000 PPC out of reserves and I'm not willing to fund out of pocket at the current prices. Thanks for mining here and I recommend coinotron.com or vpool.us. Withdrawals remain enabled for a few days and then I'll automatically withdraw to all user addresses.

[Vuxil]

Why not just increase fees some more or open a PPLNS pool?

[philips]

Sorry to hear about closing the pool and your losses. But thank you, it was a great pool.
Hope you can open it up again sometime with profits on both sides.

The exchange will be still up?

[jubalix]

but the Bitparking PPCoin Exchange

is staying open??? right

[FuzzyBear]

no it appears exchange is closing to a sad sad day for us all :~(

[roy7]

I really hope you'll consider a PPLNS (or RBPPS?) pool. I'd launch one myself if I had a bit more clue on how it all works. I've been out of programming and web/database development for ~13 years, changed careers. Been fun starting to mine though. But my only PPC pool I'm using now is Coinotron and they keep going up and down, wasting lots of gpu cycles. Gotta get a 2nd pool.

[meebs]

I really hope you'll consider a PPLNS pool. I'd launch one myself if I had a bit more clue on how it all works. I've been out of programming and web/database development for ~13 years, changed careers. Been fun starting to mine though. But my only PPC pool I'm using now is Coinotron and they keep going up and down, wasting lots of gpu cycles. Gotta get a 2nd pool.

protip: open a second instance of cgminer for BTC.. run BTC at intensity 3 and PPC at intensity 11... when PPC is up you'll only get a few mhash devoted to BTC.. but when ppc is down you'lll get 85% hash rate on BTC