[CLOSED] MtRed (PPS, LP+, API, 0 FEE) STRATUM on mine.mtred.com:3333

[BkkCoins]

Ah, I see. I didn't even realize you had a fee. Didn't see that on the info page and your first post here is some unclear reverse psychology that seems to imply 0% fees. If I'd known that I wouldn't have left a percentage for donation either. Another slimy pool. ... well, bye then.

[1714168397]

1714168397

[redditorrex]

Ah, I see. I didn't even realize you had a fee. Didn't see that on the info page and your first post here is some unclear reverse psychology that seems to imply 0% fees. If I'd known that I wouldn't have left a percentage for donation either. Another slimy pool. ... well, bye then.

You were right about the first post still listing 0% fees from when we were a proportional pool. I do apologize for this and have removed that statement.  I rarely look at the beginning of this thread.

As for the 7% fee/buffer, it is to counter the fact that we use pure pps to pay miners, and the amount we pay per share has always been listed on the frontpage of the site.

Thanks for considering MtRed even tho we weren't able to please you, we will continue to work hard providing the best service we can.

Thanks,
RR

[redditorrex]

This was posted on Reddit, I felt it should also be posted here.

Ok guys, There seems to be a lot of confusion about our reward structure.

Since we have had pps it has been a 7% fee/buffer.  We mention it as a fee on the about page, and list the amount we pay you per share on the front page.  Nothing has changed there.

If you believe I am shorting your payments, please run the calculation on your reward and see if they match with our advertised pps amount.

As far as other pools are concerned, yes some have lower, even 0 fees. Some have more fees, and even take another cut on withdraws.  MtRed offers pure pps, with a 7% fee/buffer to ensure that the mine stays open, and thats it.  No other fee's, and again we have always advertised how much we actually give you per share.

I'm surprised so many miners didn't know about the 7% fee/buffer, this wasn't intentional. I've tried to be very straight forward with all actions and changes on MtRed.

I hope this clears up the reward structure, if you have any more question please let me know.

Thanks,
RR

[redditorrex]

Hello 2012,

I trust everyone has had great holiday, glad to see BTC on the rise again.

 I just wanted to give an update on the server upgrade that was ment to be done before the holidays. Hopefully the new server will be online this evening. I will start a migration over the weekend, and sometime next week we will be running on the new box.

After the move, I have some plans for the pool I think you will all appreciate.

Thanks,
RR

[redditorrex]

While the new server is defiantly more powerful cpu wise, I've been seeing some packet loss talking to it. Not much a little under 5%, but compared to our current location and datacenter, i'm not impressed.

If you could help by pinging both **173.193.21.69** (current mtred.com) and **108.60.141.139** for about an hour or so and tell me how they compare.

If its just my TimeWarner connection and everyone else is getting good connections we will be ready to move over Thursday.

Thanks for your support,

RR

On Reddit: http://www.reddit.com/r/mtred/comments/ob5oz/new_server_almost_ready_i_need_your_help/

[Tronlet]

I only pinged for a little bit just now, but they seemed about the same, both averaging around 200ms.

[The00Dustin]

Because I'm a nice guy:
Ping statistics for 173.193.21.69:
    Packets: Sent = 4374, Received = 4369, Lost = 5 (0% loss),
Approximate round trip times in milli-seconds:
    Minimum = 36ms, Maximum = 521ms, Average = 40ms

Ping statistics for 108.60.141.139:
    Packets: Sent = 4375, Received = 4370, Lost = 5 (0% loss),
Approximate round trip times in milli-seconds:
    Minimum = 31ms, Maximum = 520ms, Average = 36ms

The two pings above were run simultaneously on a 3Mb MLPP (2xT1) circuit.  The lost packets did not happen even close to simultaneously or all at once.

[redditorrex]

Thanks guys, I'm happy to see Internationale pings are looking better than ever.



In a few hours, 6PM EST to be exact, we will be stopping the pool servers that live on the current MtRed.com (173.193.21.69).

At this time, I will do the last backup of the database, and move it over to the new server w4.MtRed.com (108.60.141.139).  I suggest using the sub-domain w4 for now, until dns propagates around the world.


Hopefully downtime will be less that 20 minutes.
Be sure to check out here, and irc for live info.

Thanks,

RR

[redditorrex]

Pool down in 10 min.

[redditorrex]

And we are live at https://w4.mtred.com/

[redditorrex]

We experienced a little bit of downtime. But I believe all services are running smooth right now.

This server should have a better international times, and would love to hear feedback.

Thanks,
RR

[redditorrex]

Regarding Minor Downtime we have been experience in the early hours:

An old friend of MtRed, one of the mining botnets is the culprit. An overload of 40K+ machines from North & South America, and Europe has been remove from the pool. Most of these machines are cpu mining and just wasting resources.
Stability should be better from here on out.
Thanks,
RR

[redditorrex]

Great News!

All Fees on MtRed will be removed after the current block.
As well as include transaction fees (these won't show up in the estimate but will be added at round end) in rewards.

[The00Dustin]

Wouldn't distributing the Tx fees require proportional?  Will BTC still be PPS aside from that?  If so, wouldn't making the Tx fees proportional still benefit hoppers?

[BkkCoins]

Wow. I'm tempted to come back and try that out. What's the catch?

[redditorrex]

No catch, the tx fee and pps value will be recalculated at end of round to include the TX fee. So the advertised pps value will be a little lower than what you will actually get.

[redditorrex]

Until the TX fee is a significant amount compared to the block reward (so not any time soon) we will keep the pps value as advertised $Blockreward/$Difficulty

[tripper22]

When this block is done I will give your pool a try. Current block is listed at the top of the webpage right?

[redditorrex]

Yes, Its been a long one. They come and go at the size we are at now.

[BkkCoins]

It's the Never Ending Block! I wish they made chocolate bars like this.