Nexious.com WARNING POOL OPERATOR IS NOT PAYING NOR RESPONDING

[gecox22]

I really hope this turns out good. But all signs are pointing the wrong direction. Is there any way to block the transaction or recover the block if the owner doesn't pay? I am only out .3 or .4 but for people who have been mining the whole time or the ones that rented major hash   just seems unjust to say the least.

[1715055071]

1715055071

[jonnybravo0311]

No, there is no way to block anything.  Assuming that Nexious owns the private key for the pool's mining address, he can do whatever he wants with those coins.  Nothing we can do to prevent it.

So far the coins haven't moved.

[gecox22]

So if he does walk I mean this is gotta be on of the longest scams I have seen. ( but I haven't been around long either). But would any one know what the cost would be keep the pool and website up and running this long? Hopefully the cost out weighed prise.

Did any one know his name location anything? All his website info is guarded by who is guard or whatever.

[philipma1957]

I really hope this turns out good. But all signs are pointing the wrong direction. Is there any way to block the transaction or recover the block if the owner doesn't pay? I am only out .3 or .4 but for people who have been mining the whole time or the ones that rented major hash   just seems unjust to say the least.

the only way this turns out okay is

I hit this in the next day or so

 http://solo.ckpool.org/users/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje


I would split it with miners here  and it would be ½ for me and the rest for the ones robbed by nexious.

It is unlikely that nexious will return  and it is unlikely I will hit a block with the one s-7 mining .

I would think though that the odds of me hitting the block are better then the odds of nexious paying off 35 btc.


He could have run the scam with a single pc owed and internet he was paying for. .

I never saw a real sign of ddos protection services.

I have  pretty fast internet my cost 50 a month  so July to Nov = 5 x 50 = 250 usd.
 power for a good pc 100 watts
 so 360 kwatts = 36 bucks

cost 286  plus a pc  net 25 coins = 8k

what did software cost?  well many pools have died and could have sold him a package for some coin.

or an old pool owner could have done this.

my radar went up when I had the pin issue.  I had really good records on the original setup.

 ie i knew my pin
I knew my payment address.

When I went to run this a month ago it could not run on nicehash. (lucky for me)

buy a screenshot and pdf'd that my btc addy was entered correctly along with a pin.

When i posted a day or two saying I would try again.  I finally got it to hash. I thought let me check the pin and the btc addy as i think this will hit soon.  so what happened no btc addy and no pin  .

I cancelled the hash purchased.  He did not give me support to  put in a btc addy or a pin.  None of the shit worked.
The best thing that happened is jonny hit the block.
If this went on for more time people would have lost more.

[eghigo]

Well... 5 more confirmations and still not a peep out of Nexious.  The site and pool are still dark.  Emails are still bounced.  It's not looking good.

100 confirms made

https://blockchain.info/address/1GBo1f2tzVx5jScV9kJXPUP9RjvYXuNzV7



@eghigo


my pools are

http://solo.ckpool.org/
https://www.f2pool.com/
https://www.nicehash.com/
https://bitminter.com/
https://www.kano.is/


they pay 

Thanks philipma1957 for the info. I'm also on f2pool and nicehash. Just created an account to try kano. Have to be very careful in our choices (lost over 1BTC on nexious)

[philipma1957]

Well... 5 more confirmations and still not a peep out of Nexious.  The site and pool are still dark.  Emails are still bounced.  It's not looking good.

100 confirms made

https://blockchain.info/address/1GBo1f2tzVx5jScV9kJXPUP9RjvYXuNzV7



@eghigo


my pools are

http://solo.ckpool.org/
https://www.f2pool.com/
https://www.nicehash.com/
https://bitminter.com/
https://www.kano.is/


they pay 

Thanks philipma1957 for the info. I'm also on f2pool and nicehash. Just created an account to try kano. Have to be very careful in our choices (lost over 1BTC on nexious)

sorry for your loss.

[spiker777]

Maybe he's looking for additional Finance to be paid

[jonnybravo0311]

Well... 5 more confirmations and still not a peep out of Nexious.  The site and pool are still dark.  Emails are still bounced.  It's not looking good.

100 confirms made

https://blockchain.info/address/1GBo1f2tzVx5jScV9kJXPUP9RjvYXuNzV7



@eghigo


my pools are

http://solo.ckpool.org/
https://www.f2pool.com/
https://www.nicehash.com/
https://bitminter.com/
https://www.kano.is/


they pay 

Thanks philipma1957 for the info. I'm also on f2pool and nicehash. Just created an account to try kano. Have to be very careful in our choices (lost over 1BTC on nexious)

Sorry for your loss.  The only entry in Phil's list I don't agree with is f2pool.  Yes, they pay.  That much is undeniable.  However, they use crap software and SPV mining, which has led to a fork in the chain previously.

Still no movement of the coins...

[eghigo]

Well... 5 more confirmations and still not a peep out of Nexious.  The site and pool are still dark.  Emails are still bounced.  It's not looking good.

100 confirms made

https://blockchain.info/address/1GBo1f2tzVx5jScV9kJXPUP9RjvYXuNzV7



@eghigo


my pools are

http://solo.ckpool.org/
https://www.f2pool.com/
https://www.nicehash.com/
https://bitminter.com/
https://www.kano.is/


they pay 

Thanks philipma1957 for the info. I'm also on f2pool and nicehash. Just created an account to try kano. Have to be very careful in our choices (lost over 1BTC on nexious)

Sorry for your loss.  The only entry in Phil's list I don't agree with is f2pool.  Yes, they pay.  That much is undeniable.  However, they use crap software and SPV mining, which has led to a fork in the chain previously.

Still no movement of the coins...

Yes it's true what you're saying about f2pool but at least they have always paid. And to be honest, it's one of the pools that pay higher rates. So as long as they pay it is good for me on these circumstances :/

[jonnybravo0311]

Higher rates?  No.  They are a PPS pool that charges 4% fee.  Yes, they give you some alt coins to try and mitigate that fee, but at the end of it, you're never going to make expected values.  On the other hand, if you look at kano.is, since inception he's running at over 100% luck.  It's PPLNS, so there will be times when you make less than expected; however, if you look at the long term, you've made more than expected.

P2Pool has also not been mentioned.  I've been running a thread for the past year showing its performance with an S3.  I've got a couple weeks of data to catch up on, but as of my last update, p2pool has made over 98% of expectations since 12/26 of last year.

[eghigo]

Higher rates?  No.  They are a PPS pool that charges 4% fee.  Yes, they give you some alt coins to try and mitigate that fee, but at the end of it, you're never going to make expected values.  On the other hand, if you look at kano.is, since inception he's running at over 100% luck.  It's PPLNS, so there will be times when you make less than expected; however, if you look at the long term, you've made more than expected.

P2Pool has also not been mentioned.  I've been running a thread for the past year showing its performance with an S3.  I've got a couple weeks of data to catch up on, but as of my last update, p2pool has made over 98% of expectations since 12/26 of last year.

I have compared f2pool, antpool, slush pool and nicehash for 2 weeks each (maybe not long enough) with an S5 and at the end f2pool had the biggest income for me. That's the reason I said f2pool has the highest rate. However, maybe comparing on a longer period of time, PPLNS may produce a better income like you are saying...

[PCComf]

It appeared he was using Microsoft's cloud for his server and mailgun.org for his email. Either of those places should have more info on him, including his payment info, that may help track him down. Just in case anyone is interested.

The longer this goes the more likely it was a scam. Its also possible he got hacked and doesn't own the private key with that coin on it, among other possibilities. The timing of the disappearance and the simultaneous disconnection of other services suggests scam. Considering how much effort he put into the scam it is likely he's obfuscated his information on those sites as well.

I'd just like to point out that the entire premise of this pool was faulty. There are fair and trusted pools that already "help decentralize the network" including kano.is. The problem isn't that there aren't pools, the problem is that there are nearsighted people who have no patience and would rather mine at a larger pool in order to decrease their variance. I'd love to see people flock to a pool like Kano.is so it was hitting blocks more regularly. That's really all that is necessary for many people to bring their hash back from the large PPS pools. A pool like Nexious was harming rather than helping in this regard.

[jonnybravo0311]

Let's put it this way... with PPS (f2pool) you absolutely can NEVER make above expectations because of the way the payout scheme works.  With PPLNS (kano.is, p2pool, etc) you have the POSSIBILITY of making more than expectations.  You also have the POSSIBILITY of making less.

PPS puts all risk on the pool operator, because miners will get paid for submitted shares regardless of whether or not the pool finds a block.  That's why any PPS pool charges fees - to help mitigate some of that risk.

PPLNS transfers risk to miners.  You are only paid for N shares, regardless of how long it took the pool to find a block.

[jonnybravo0311]

It appeared he was using Microsoft's cloud for his server and mailgun.org for his email. Either of those places should have more info on him, including his payment info, that may help track him down. Just in case anyone is interested.

The longer this goes the more likely it was a scam. Its also possible he got hacked and doesn't own the private key with that coin on it, among other possibilities. The timing of the disappearance and the simultaneous disconnection of other services suggests scam. Considering how much effort he put into the scam it is likely he's obfuscated his information on those sites as well.

I'd just like to point out that the entire premise of this pool was faulty. There are fair and trusted pools that already "help decentralize the network" including kano.is. The problem isn't that there aren't pools, the problem is that there are nearsighted people who have no patience and would rather mine at a larger pool in order to decrease their variance. I'd love to see people flock to a pool like Kano.is so it was hitting blocks more regularly. That's really all that is necessary for many people to bring their hash back from the large PPS pools. A pool like Nexious was harming rather than helping in this regard.

Yeah, I had already looked into the details.  He was running on Azure.  Nexious.com in reality pointed to nexious.cloudapp.net, which is MS Azure.  I tend to agree that the simultaneous disconnection of all services (pool, site, email) does not look good in any way at all.  At first I was wondering if he had an issue on his server... maybe something screwed up when the block was found.  However, since we had started on the next block without any problem, that theory doesn't hold much weight.

I don't agree with your assertion that a new pool is a problem.  Let's face it, last year kano.is was a new pool.  Yes, it's very well run and maintained by one of the two guys responsible for writing the code in virtually every BTC miner available.  I have nothing but respect for the work kano and -ck have done and continue to do.  However, people flocking to kano.is does exactly what you're stating is the problem: centralizing the hash on a single pool.  Currently it's AntPool and f2pool.  Take their hash and point it at kano and you've still only got a single pool.  Of course, I trust kano's pool far more than either AntPool or f2pool, but that doesn't alter the fact that just pointing a ton of hash at a single pool is dangerous.  Remember when ghash.io had more than 50% of the global hash rate?

[eghigo]

Let's put it this way... with PPS (f2pool) you absolutely can NEVER make above expectations because of the way the payout scheme works.  With PPLNS (kano.is, p2pool, etc) you have the POSSIBILITY of making more than expectations.  You also have the POSSIBILITY of making less.

PPS puts all risk on the pool operator, because miners will get paid for submitted shares regardless of whether or not the pool finds a block.  That's why any PPS pool charges fees - to help mitigate some of that risk.

PPLNS transfers risk to miners.  You are only paid for N shares, regardless of how long it took the pool to find a block.

Yes, I completely agree with what you're saying jonnybravo0311. In fact I have one S5 on f2pool to always have a stable income while the other miners are used on other PPLNS pools.

And by any chance, have you heard of the BitClub Network (BitClub Pool). They look to be "trustworthy" but would like to have a more expert opinion from someone who heard about them

[itsnogood]

Just checking back in. I was hoping to see some good news.

I mine at Kano pool. Its all about trust and I think kano has earned that.

[PCComf]

Let's put it this way... with PPS (f2pool) you absolutely can NEVER make above expectations because of the way the payout scheme works.  With PPLNS (kano.is, p2pool, etc) you have the POSSIBILITY of making more than expectations.  You also have the POSSIBILITY of making less.

PPS puts all risk on the pool operator, because miners will get paid for submitted shares regardless of whether or not the pool finds a block.  That's why any PPS pool charges fees - to help mitigate some of that risk.

PPLNS transfers risk to miners.  You are only paid for N shares, regardless of how long it took the pool to find a block.

When I first got into mining I did a lot of calculations on payment methods and my conclusion was that Eclipse's DGM at 0% fee was the best compromise. I'm not going to pull all the math out again because it isn't relevant. What is relevant is the trust you have for the operator, which killed Eclipse. With f2pool, antpool, and btcc PPS you have a maximum of two days loss if they skip a payment and then fail. That's relatively little risk, so they are easier to trust. A larger pool that can prove itself by making regular and frequent payouts is also easier to trust. Its harder to trust a pool with a lower hash rate simply because you are paid less frequently. A pool like kano.is can go multiple days without a block / payment and then if the pool were to fail you would have a loss of multiple days of hash. Consider the way HHTT shut down. That was a good pool and honest, but people still perceived that they lost something in the end.

The only reason anyone could have used logic to mine here was by weighing the risk to the reward. The first block finder reward was the reward that balanced out the risk for some, and there were also promises of extra payments for others in the top however many miners. Aside from that there was too much risk to mine here.

You can make arguments against the Chinese pools all day, fees, etc, but in the end people are going to trust them more than low hash rate pools simply because of the lower risk. It is more than variance that factors in. Nexious is a case in point.

BTW, even if the operator comes back with some kind of explanation at this point and pays the miners out, it would not be logical to continue mining at this pool. The risk of the pool's stability and dependence on the operator has been proven too great. The pool is dead.

[PCComf]

I don't agree with your assertion that a new pool is a problem.  Let's face it, last year kano.is was a new pool.  Yes, it's very well run and maintained by one of the two guys responsible for writing the code in virtually every BTC miner available.  I have nothing but respect for the work kano and -ck have done and continue to do.  However, people flocking to kano.is does exactly what you're stating is the problem: centralizing the hash on a single pool.  Currently it's AntPool and f2pool.  Take their hash and point it at kano and you've still only got a single pool.  Of course, I trust kano's pool far more than either AntPool or f2pool, but that doesn't alter the fact that just pointing a ton of hash at a single pool is dangerous.  Remember when ghash.io had more than 50% of the global hash rate?

There's a huge difference between a newbie and someone like Kano and ck putting together a pool and code. Those two are able to be completely trusted due to their involvement in the community. We already trust cgminer, etc. It's not a fair comparison.

We're in no danger of kano's pool taking over the world. That's crazy talk. Antpool exists to run Bitmain's farm, and so long as it and Bitfury exist, there's plenty of balance. Kano could grow to 50 PH and we'd still have a stable distribution.

[philipma1957]

look bottom line is do you know where a pool owner lives?

Most of us don't.

[p3yot33at3r]

And by any chance, have you heard of the BitClub Network (BitClub Pool). They look to be "trustworthy" but would like to have a more expert opinion from someone who heard about them

Read this:

https://bitcointalk.org/index.php?topic=1152263.0

Mine there at your peril.