I'd like to announce the opening of my mining pool into the public while it is still in testing. I would like to test out the pool and make sure all goes well. I know that I am not well known on this forum, I have never used it until today, but I have been using Bitcoin since 2012. I had stopped for a while just because I did not have time, but now I am dedicated to becoming a pool operator and building trust in the Bitcoin Community. I will pay everyone ahead of time upon joining the server.

FIZTONIC Pool

Completely Anonymous
0% Fee
Low Rejection Rate
Vardiff

Beta
The server is currently in Beta mode, I would like to solve a few Bitcoin blocks before the server is completely public. I do not expect anyone to just dedicate their mining power to my server considering I am new to this website and my trust on this site is low. Perhaps someone could connect some lower powered machines to run so a few blocks can be solved. I would love to solve a few blocks and get some good word out about my server so more can join the free mining. My server will always have 0% fee and that will never change, I have always wanted to be a pool operator and contribute to the Bitcoin network and this is my chance. To anyone who would like to contribute mining power to the beta please private message me and I will send the server information over. I am willing to send up to 0.1BTC on the spot to contributors to show your time will not be wasted with me. Thank you all.

By "low powered" I meant machines running at least 500+Gh/s and with enough people together I was hoping blocks would get solved. My goal is 1Ph/s before the pool becomes fully public.

You cannot reasonably expect people to trust you with over $10000 without any reputation. Given how hard it is to get reputation here and the fact that you are almost certainly going to be assumed to be the same scammer that recently ran off with one solved block, I will offer you a mechanism for which you can gain some small reputation.

Send me 25 bitcoin and I will hold it in escrow till you solve your first block. Once you distribute the funds from your first block solved to all the users that have contributed hashrate in that time I will return 24.9 bitcoin to you. Of course this doesn't guarantee you won't run off with the next block you solve but at least it will demonstrate your commitment.

That does sound reasonable, the problem is that I don't have 25 BTC on me. I only have a few BTC. I am mainly spending my extra cash on running this server. I can give you all the Bitcoin I own and also upload all the bills I am paying to be hosting this server if that means anything. I would love to find some way to prove this is very serious to me and I do completely understand I have no trust on this website. I also have me and a few people I have already met that are currently mining on my server (only 4 of us) I am very willing to post all stats shown on my site showing that everyone gets paid properly and I get 0% fee. Do you happen to have other ideas on how I can prove that I am trying to be a legitimate pool operator?

Don't get me wrong, I very much appreciated the offer. I just do not have that money up-front right now. Someone has just messaged me and are willing to join my server. Perhaps they can post back here offering screenshots/testimony of my service. Thank you for the help over my last few posts.

If I could like, thumps up and share this comment especially the edited part I would(*Edit* send me your address I am going to tip just because). I am so glad to see some one else speaking up about our community getting scammed.  

And as for the author of this topic. I don't know where or what you server is but server costs are not that expensive. I doubt you will get any support from this community on getting miners to hash at your pool. If Even you did give up 25 bitcoins for escrow, I would never point any of my hash towards your pool due to the fact you have a newbie account, no trust and show no signs of wanting to gain trust.

I am not trying to be harsh towards you or your pool just stating the oblivious.
  

FYI the pool software you are using has a payout method(PROP) that is vulnerable to pool hopping. PPLNS is generally the most widely used payout method since it is resistant to pool hopping. NOMP pool software has in general not been used my any major pools(I think bitcoinaffiliatenetwork used a heavily customized version of it with PPS payouts but they lost a lot of money due to that in the end).

Well they did lose 2 blocks to a hack AFAIK and the rest to running PPS with a bad luck streak(PPS is very risky to the pool operator especially for smaller pools).

A hack... And I've got a nice bridge in Brooklyn is like to sell you...

The simple truth was the pool model could not be sustained.  He was trying to run a PPS pool with no fees - for a long time paying a decent bonus to miners on top of expected earnings.  The only way he could have survived would have been to have a decent sized reserve and charged fees to help offset the luck and orphaned blocks.  That's the only way any PPS pool can hope to make it.

Where is a recent link of your pool?