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Author Topic: [CLOSED] MtRed (PPS, LP+, API, 0 FEE) STRATUM on mine.mtred.com:3333  (Read 166252 times)
piit79
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April 09, 2013, 09:12:01 PM
 #981

Yeah, none of my workers can connect and the stats don't work.

Hoping Rex will be able to fix it quick!
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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purelithium
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April 09, 2013, 10:12:08 PM
 #982

Do none of you have backup pools set up? It's almost negligent of you if you don't!

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piit79
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April 09, 2013, 10:38:29 PM
 #983

Do none of you have backup pools set up? It's almost negligent of you if you don't!

Of course I have backup pools set up. It would be daft not to Smiley

It's just a shame pool ran into such troubles a few hours I decided to give it a go! And it looked so promising...
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April 09, 2013, 11:08:52 PM
 #984

Do none of you have backup pools set up? It's almost negligent of you if you don't!
Sure i do.  Smiley I have waited for a couple of days.

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April 09, 2013, 11:10:54 PM
 #985

Do none of you have backup pools set up? It's almost negligent of you if you don't!

Of course I have backup pools set up. It would be daft not to Smiley

It's just a shame pool ran into such troubles a few hours I decided to give it a go! And it looked so promising...

Don't give up. I'm mining there for a year now. Check here if in doubt https://bitcointalk.org/index.php?topic=106417.0  Smiley

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April 09, 2013, 11:36:16 PM
 #986

I'm getting "Error! Withdraws are momentarily disabled." since this morning.  When can I expect to be able to withdraw?

I haven't been able to withdraw funds for 3 days...

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April 10, 2013, 12:02:12 AM
 #987

I'm getting "Error! Withdraws are momentarily disabled." since this morning.  When can I expect to be able to withdraw?

I haven't been able to withdraw funds for 3 days...

Like redditorrex said, go on IRC (webchat.freenode.net) channel #mtred for updates and you can message him directly too (if he's online).

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arklan
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April 10, 2013, 12:02:28 AM
 #988

my miners are disconnected right now too. (and mining on my backup pool, of course.) connection is being actively refused on mine.mtred.com:3333
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April 10, 2013, 12:11:09 AM
 #989

my miners are disconnected right now too. (and mining on my backup pool, of course.) connection is being actively refused on mine.mtred.com:3333

From what I see, only redditorrex is the only client connected at the moment because he's the one running the pool. I do wonder when this pool will be back in order, last fall...the website was unreachable.

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April 10, 2013, 09:40:39 AM
 #990

Same here - 3 days without funds though not mining (sit dead) just started yesterday

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philips
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April 10, 2013, 11:11:40 AM
 #991

So probably something is seriously broken, or maybe not enough time for Red to fix it.
We have backup pools and we wait, no problem.
But a small update would be helpful.
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April 10, 2013, 01:04:15 PM
 #992

Hi,
I had recently found this and wanted to give it a go... too bad.
Any other decent 0% fee PPS pools?
philips
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April 10, 2013, 01:05:49 PM
 #993

Hi,
I had recently found this and wanted to give it a go... too bad.
Any other decent 0% fee PPS pools?

Not that I know of:
https://bitcointalk.org/index.php?topic=104664.0
redditorrex
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April 10, 2013, 02:42:22 PM
 #994

Hey guys, It saddens me to announce that MtRed will be shutting down.
 
We are, with this current block, going to surpass a negative buffer half of what is owed to miners.  We have had a negative buffer for a while now, not this bad, but with the price soaring well over $200 USD per coin I can not allow this to continue. It was always the plan that if the buffer ever went to half of what is owed that we would shutdown. Up until January I probably would have been able to cover such an event out of pocket, but I must admit that is not possible today.
 
How did it get this bad? Two main reasons, programming incompetence on my part has overpaid a vast amount of BTC over the last 2 years, and server bills upwards of $700.  During which times Bitcoin prices were steady but low compared to today. These factors plus the very unlikely sustainability of running a 0% fee PPS pool, and my naive experience in running something as large as MtRed are what I believe is why I have failed you.
 
In order to spread remaining funds as equally to the miners as we can, certain actions will be taken over the course of the next two months.
 
The plan to release the remaining Bitcoins is as follow.
 
You will have two weeks to withdraw the first half of your balances. After the two weeks, you will be able to withdraw the remaining half of your balance. After that, for those who didn't withdraw in the first two weeks will be able to withdraw their remaining balance. As the pool balances reaches zero I will import the 1MtRed account and pay off remain withdraws with that.

Reviewing the code, the orphan was credited, but wasn't subtracted from the processing balance. But in the coming weeks we will be using the processing field to store your remain balance.

Payouts will begin this evening.

Again, I am truly sorry to have failed the MtRed miners, the Bitcoin community, and myself.
 
-RR

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philips
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April 10, 2013, 02:46:36 PM
 #995

Shit shit shit  Cry

Not even if you introduce a fee?
purelithium
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April 10, 2013, 02:49:12 PM
 #996

Unfortunate, but I understand, rex! Best of luck to you in the future!

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organofcorti
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April 10, 2013, 02:51:17 PM
 #997

I'm sorry to hear you're closing MTRED, the community is losing your skills and knowledge. Is there any chance you'll convert to PPLNS or DGM, as HHTT did?

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philips
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April 10, 2013, 02:52:18 PM
 #998

BTW, you haven't failed anyone, don't be so hard on yourself. You are great.
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April 10, 2013, 02:58:11 PM
 #999

yeah, you are great! try to introduce a fee or change to PPLNS, DGM, etc Smiley
which of the balances are going to be paid?
balance? (i think this for sure)
processing? (maybe this one too)
estimation? (not this one?)
zif33rs
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April 10, 2013, 03:15:56 PM
 #1000

WTF!?        Sorry to  hear your having problems but the Bottom line is pay the miners...I have been waiting 3 days for a payout. Figure your shit out and make it happen.

2 years doing this and you have no backup plan other than...Gee guys...sorry I fucked up? What a joke...your name is mud.

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