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tennozer
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October 08, 2015, 05:02:23 PM |
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I haven't seen this addressed, I think the pool operating cost of 0.05 BTC / month is a lot and almost kills every incentive of running a pool. Please do something about it.
All you would need (with a 1% fee) is people using the pool to earn 5 BTC total throughout the month. I don't think it's that big of an issue. I don't think a pool can affort 0.05 BTC in a month with only 1% fee. Because pools can not earn 5 BTC total in a month and additionally, we can see some of pools want less than 1% fee. |
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ranlo
Legendary
 Offline
Activity: 1974
Merit: 1007
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October 08, 2015, 05:04:59 PM |
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I haven't seen this addressed, I think the pool operating cost of 0.05 BTC / month is a lot and almost kills every incentive of running a pool. Please do something about it.
All you would need (with a 1% fee) is people using the pool to earn 5 BTC total throughout the month. I don't think it's that big of an issue. I don't think a pool can affort 0.05 BTC in a month with only 1% fee. Because pools can not earn 5 BTC total in a month and additionally, we can see some of pools want less than 1% fee. I believe the fee is there to keep everyone and their mother from opening one. If it's cheap, everyone makes their own and there's no point in having them. |
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tennozer
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October 08, 2015, 05:09:28 PM |
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I haven't seen this addressed, I think the pool operating cost of 0.05 BTC / month is a lot and almost kills every incentive of running a pool. Please do something about it.
All you would need (with a 1% fee) is people using the pool to earn 5 BTC total throughout the month. I don't think it's that big of an issue. I don't think a pool can affort 0.05 BTC in a month with only 1% fee. Because pools can not earn 5 BTC total in a month and additionally, we can see some of pools want less than 1% fee. I believe the fee is there to keep everyone and their mother from opening one. If it's cheap, everyone makes their own and there's no point in having them. But we are talking about operation costs. It is paying months by months. Everybody can not open a pool beacuse if you want to open a pool firstly, you have to buy at least 1000 ghs miner and also you have to pay the openin pool cost. |
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ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
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October 08, 2015, 05:27:59 PM |
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I haven't seen this addressed, I think the pool operating cost of 0.05 BTC / month is a lot and almost kills every incentive of running a pool. Please do something about it.
All you would need (with a 1% fee) is people using the pool to earn 5 BTC total throughout the month. I don't think it's that big of an issue. I don't think a pool can affort 0.05 BTC in a month with only 1% fee. Because pools can not earn 5 BTC total in a month and additionally, we can see some of pools want less than 1% fee. I believe the fee is there to keep everyone and their mother from opening one. If it's cheap, everyone makes their own and there's no point in having them. But we are talking about operation costs. It is paying months by months. Everybody can not open a pool beacuse if you want to open a pool firstly, you have to buy at least 1000 ghs miner and also you have to pay the openin pool cost. Ohh, I get it. So you mean it works like in real life then,  . What's the problem again? |
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tennozer
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October 08, 2015, 05:34:41 PM |
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I haven't seen this addressed, I think the pool operating cost of 0.05 BTC / month is a lot and almost kills every incentive of running a pool. Please do something about it.
All you would need (with a 1% fee) is people using the pool to earn 5 BTC total throughout the month. I don't think it's that big of an issue. I don't think a pool can affort 0.05 BTC in a month with only 1% fee. Because pools can not earn 5 BTC total in a month and additionally, we can see some of pools want less than 1% fee. I believe the fee is there to keep everyone and their mother from opening one. If it's cheap, everyone makes their own and there's no point in having them. But we are talking about operation costs. It is paying months by months. Everybody can not open a pool beacuse if you want to open a pool firstly, you have to buy at least 1000 ghs miner and also you have to pay the openin pool cost. Ohh, I get it. So you mean it works like in real life then, . What's the problem again? I do not have any problem. Because I do not have pool. But the pool owners are talking about the high operation costs. Because normally, they can not affort this 0.05 btc with 1% fee. Maybe they can want satoshi for enter the pool or raise the fee which thhey earn the members of the pool. |
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n3o111
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October 08, 2015, 06:26:20 PM |
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If pool owners can't afford to pay 0.05 BTC monthly can they delete their pool?
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Starin
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October 08, 2015, 07:11:17 PM |
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Because of the low block rewards (since the site is new), it is impossible to get back 0.05 that we pay as operating fee. So, I would suggest to adjust the operating fee according to the block reward aka total investment to the site.
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ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
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October 08, 2015, 08:13:18 PM |
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Because of the low block rewards (since the site is new), it is impossible to get back 0.05 that we pay as operating fee. So, I would suggest to adjust the operating fee according to the block reward aka total investment to the site.
So like a dynamic fee? I could see that working, as long as it comes out like every hour or day, rather than month. |
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gecox22
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October 09, 2015, 01:33:20 AM |
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Wow the ROI because of fees are making my % to ROI go negative instead of positive. two days ago I was at 9.96 and now today I am back to 9.74 %. I am in the highest hash rate pool with 0 fees I shouldn't be hitting negative ROI LOL
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ElscottHavoc
Newbie
Offline
Activity: 58
Merit: 0
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October 09, 2015, 02:12:05 AM |
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Wow the ROI because of fees are making my % to ROI go negative instead of positive. two days ago I was at 9.96 and now today I am back to 9.74 %. I am in the highest hash rate pool with 0 fees I shouldn't be hitting negative ROI LOL
Except, being part of the high hash rate pool isn't necessarily the best strategy. There is no such thing as 0 fees in this game because you always have your daily maintenance and utilities. Often, joining the highest hash rate pool means that when that pool does find a block, it's being distributed among a larger group of people who combined have a larger percentage of hash power than you. So sometimes, by joining a smaller pool, you might not find as many blocks; however, when you do find one, it'll likely result in you getting a larger slice of the pie... And make sure to take as much advantage of the Faucet as possible, too. |
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ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
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October 09, 2015, 03:05:30 AM |
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Wow the ROI because of fees are making my % to ROI go negative instead of positive. two days ago I was at 9.96 and now today I am back to 9.74 %. I am in the highest hash rate pool with 0 fees I shouldn't be hitting negative ROI LOL
Except, being part of the high hash rate pool isn't necessarily the best strategy. There is no such thing as 0 fees in this game because you always have your daily maintenance and utilities. Often, joining the highest hash rate pool means that when that pool does find a block, it's being distributed among a larger group of people who combined have a larger percentage of hash power than you. So sometimes, by joining a smaller pool, you might not find as many blocks; however, when you do find one, it'll likely result in you getting a larger slice of the pie... And make sure to take as much advantage of the Faucet as possible, too. But just like RL, all you're doing is altering variance. The end result is the same over time, regardless of the pool (as long as the % fees are the same). |
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Pro Gamers
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October 09, 2015, 04:40:35 AM |
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I cant able to log in sites required a captcha, but im not seeing a captcha on page.
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ezeminer
Legendary
Offline
Activity: 2184
Merit: 1118
Lie down. Have a cookie
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October 09, 2015, 04:44:05 AM |
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I cant able to log in sites required a captcha, but im not seeing a captcha on page.
It might be your browser, try chrome or firefox. Or try refreshing your page? That's all I got. |
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dre1982
Sr. Member
Offline
Activity: 770
Merit: 284
★Bitvest.io★ Play Plinko or Invest!
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October 09, 2015, 06:41:27 AM |
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I cant able to log in sites required a captcha, but im not seeing a captcha on page.
It might be your browser, try chrome or firefox. Or try refreshing your page? That's all I got. I don't get the captch when I open the site on an other page then the website. For example when I go directly to minerfarm.com/claim I get a loginscreen without the captcha. Nothing to do with slow connection. |
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tennozer
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October 09, 2015, 07:21:47 AM |
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I cant able to log in sites required a captcha, but im not seeing a captcha on page.
It might be your browser, try chrome or firefox. Or try refreshing your page? That's all I got. I don't get the captch when I open the site on an other page then the website. For example when I go directly to minerfarm.com/claim I get a loginscreen without the captcha. Nothing to do with slow connection. Why do you want to go to directly "minerfarm.com/claim" ? Firstly, you have to login to game site than you can go to claim section. While you are logining, you will solve a captcha. |
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dre1982
Sr. Member
Offline
Activity: 770
Merit: 284
★Bitvest.io★ Play Plinko or Invest!
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October 09, 2015, 07:26:43 AM |
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I cant able to log in sites required a captcha, but im not seeing a captcha on page.
It might be your browser, try chrome or firefox. Or try refreshing your page? That's all I got. I don't get the captch when I open the site on an other page then the website. For example when I go directly to minerfarm.com/claim I get a loginscreen without the captcha. Nothing to do with slow connection. Why do you want to go to directly "minerfarm.com/claim" ? Firstly, you have to login to game site than you can go to claim section. While you are logining, you will solve a captcha. That's the first url I get in Chrome when I type 'min' in the addressbar. |
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tennozer
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October 09, 2015, 07:33:55 AM |
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I cant able to log in sites required a captcha, but im not seeing a captcha on page.
It might be your browser, try chrome or firefox. Or try refreshing your page? That's all I got. I don't get the captch when I open the site on an other page then the website. For example when I go directly to minerfarm.com/claim I get a loginscreen without the captcha. Nothing to do with slow connection. Why do you want to go to directly "minerfarm.com/claim" ? Firstly, you have to login to game site than you can go to claim section. While you are logining, you will solve a captcha. Ohh okay I understand. Because of some fake account creaters, whe owner of the game have to add captcha controls. I think before this you are using faucet in the game a lot. So your browser is showing it on the top. Maybe you can clear clear your browsr catches about minerfarm then you will try to connect this site with "nerfarm.com/index.php". So you will see the login screen with captcha. That's the first url I get in Chrome when I type 'min' in the addressbar. |
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ElscottHavoc
Newbie
Offline
Activity: 58
Merit: 0
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October 09, 2015, 03:00:09 PM |
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Wow the ROI because of fees are making my % to ROI go negative instead of positive. two days ago I was at 9.96 and now today I am back to 9.74 %. I am in the highest hash rate pool with 0 fees I shouldn't be hitting negative ROI LOL
Except, being part of the high hash rate pool isn't necessarily the best strategy. There is no such thing as 0 fees in this game because you always have your daily maintenance and utilities. Often, joining the highest hash rate pool means that when that pool does find a block, it's being distributed among a larger group of people who combined have a larger percentage of hash power than you. So sometimes, by joining a smaller pool, you might not find as many blocks; however, when you do find one, it'll likely result in you getting a larger slice of the pie... And make sure to take as much advantage of the Faucet as possible, too. But just like RL, all you're doing is altering variance. The end result is the same over time, regardless of the pool (as long as the % fees are the same). Ah, you are correct in terms of what I wrote as I was thinking incorrectly, what I was meaning to mention was not the daily maintenance and utilities, it was the technician and engineering fees that I was thinking of. Those particular ones have fees per block found, so if you are in a pool that finds a block and your earnings per block found in that particular pool are not enough to offset those fees for technicians and engineers, then you do have to find a smaller pool where your percentage of earnings per block found is high enough to offset those fees. |
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dothebeats
Legendary
Offline
Activity: 3668
Merit: 1353
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October 09, 2015, 05:04:05 PM |
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So how's everyone hashing? The prices for a 20 GH/s miner is too pricey atm. Also, can I know some of your strategies in terms of repairing your miners? Mine is at 84% at 9 GH/s. At what percent do you guys repair yours? I'm looking at 80% before I spend some to get it repaired.
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