[EHR:475.5Gh/s] Hashrack.com|Hashpacks 0.5Gh as low as 0.25 BTC as fast as 50Gh

[pkarc]

But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.

We'll forwards the Hashpower to a different pool instead. Straight PPS was never a decision to consider.

That unless the circumstances are really adequate and optimal to do so

[1715065465]

1715065465

[1715065465]

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[theprofileth]

But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.

We'll forwards the Hashpower to a different pool instead. Straight PPS was never a decision to consider.

Could you elaborate on this? I mean what form of PPS are you implementing? And what do you mean you will forward the Hashpower to a different pool instead?

[pkarc]

But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.

This is precisely what we are working, the peak load is because the software related to the miners is not well connected to the real-time server.

[theprofileth]

But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.

This is precisely what we are working, the peak load is because the software related to the miners is not well connected to the real-time server.

Well that is good to hear that you noticed that, though if you could answer my previous questions that would be nice to 

Could you elaborate on this? I mean what form of PPS are you implementing? And what do you mean you will forward the Hashpower to a different pool instead?

[pkarc]

But don't you know how many pools have shut down recently due to bad luck and PPS, no seriously DON'T DO STRAIGHT PPS. I want your pool to last, Eligius's system is really the only kind of PPS that can last pretty much indefinitely without bankrupting you or ripping off your miners.
Don't be fooled into thinking that people will run to you as soon as you get PPS. If you all of a sudden get popular, hit a bad round, go into debt for several hundred bitcoins. Then you basically will never recover with standard PPS method. PPS is essentially roulette where you (the pool operator) are the gambler and the player is the house.
I mean look at MTRed which required 120 blocks to go out before it payed its PPS and it still went out of business, Ozcoin is currently out of commission and removed their PPS because it was killing them. There are so many dead pools because of PPS, I mean even BitPenny (which invented PPS) died because of its usage of PPS.
Edit: One last note, your server load is at 1% with only 4500MH/s ie 4.5GH/s which means you would cap out at ~45GH/s so I suggest you upgrade your servers.

This is precisely what we are working, the peak load is because the software related to the miners is not well connected to the real-time server.

Well that is good to hear that you noticed that, though if you could answer my previous questions that would be nice to 

Could you elaborate on this? I mean what form of PPS are you implementing? And what do you mean you will forward the Hashpower to a different pool instead?

What I mean is that we are thinking As a first step, redirect power to another pool until we have enough to go on our own.

I was not understanding, had not looked carefully Eligius's system. Which is a very good possibility.

[theprofileth]

Eligius's system is detailed pretty simply here
http://eligius.st/wiki/index.php/Capped_PPS_with_Recent_Backpay
Take a look it is pretty simple and shouldnt take that much effort to implement plus it makes your pool pretty much unkillable from bad luck.

[pkarc]

Eligius's system is detailed pretty simply here
http://eligius.st/wiki/index.php/Capped_PPS_with_Recent_Backpay
Take a look it is pretty simple and shouldnt take that much effort to implement plus it makes your pool pretty much unkillable from bad luck.

Wow, had heard of Maximum Pay-Per-Share reward system (MPPS) but not this. Start working on this one right now.

well..theprofileth thanks, now we'll have a new reward system.

[evilscoop]

can you respond to my query above plz....
Are we waiting for BFL's, avalons or other ?

If bfl, I might be after a refund...
if avalon, what batch...
If other, which

BFL. so far.

soooo since bfl is a scam with a never ending shipping date, this is also something that will never come to pass, and we'll all sit at 001 for ever......
I hope im wrong, but im no fan of bfl...

[MagicBit15]

So sorry I am still new to this, but the payment goes directly to my BTC address? or my account and then I can withdrawal?

[theprofileth]

Eligius's system is detailed pretty simply here
http://eligius.st/wiki/index.php/Capped_PPS_with_Recent_Backpay
Take a look it is pretty simple and shouldnt take that much effort to implement plus it makes your pool pretty much unkillable from bad luck.

Wow, had heard of Maximum Pay-Per-Share reward system (MPPS) but not this. Start working on this one right now.

well..theprofileth thanks, now we'll have a new reward system.

Awesome I am glad I could be of service pkarc, I hope to contribute to your pool and to our success. I actually ordered a 30GH from BFL and I am pretty low on the order list so when I get it I will be mining here, assuming you follow through on the changes.
After you implement the system then you can lower the fee's down and as I suggested before.

I have a suggestion, you might want to make the jackpot optional IE charge like a base 2.5-3% and then have the option to enable being enrolled in the jackpot for another 1% that way if people want to just use your great stats and hashpack services without paying extra for the potential jackpot they can and that should encourage faster miners to join who don't necessarily gain from paying extra just for a chance at 2btc where they could earn that themselves faster if the fee was lower.
Just a thought.

With the usage of the CPPSRB you can comfortably set the fee at like 1-2% and then offer entry into the jackpot for an additional 0.5-1%
The 0.5-1% + the transaction fees can go into the pot for the jackpot that way you can it can pay out pretty regularly.
Also to the BFL nay sayers, you are wrong they started shipping 5GH miners recently and a number of people have been receiving them, and they recently got the chips for their 25GH and 50GH set up so they can start testing and shipping those pretty soon.

[final war]

is there any posibility to get them right away ?

sent money to get 2500mh/s we will see how it goes

[mig91]

what happens then when i reach my ROI ?
example. i buy 20000 Mh/s and that costs me 8.56 BTC. so can i continue mining when i get that 8.56btc back? if yes, how long can i mine with that hashrate ?

[Harry_Styles]

what happens then when i reach my ROI ?
example. i buy 20000 Mh/s and that costs me 8.56 BTC. so can i continue mining when i get that 8.56btc back? if yes, how long can i mine with that hashrate ?

From what i understand, you have it until it basically breaks.

[final war]

is there any posibility to get them right away ?

sent money to get 2500mh/s we will see how it goes

my problem is they are waiting for BFL asics, i deposited before reading the entire thread, i did send the money but not purchased a hash pack, emailed them for a refund lets see how honest they are

[pkarc]

is there any posibility to get them right away ?

sent money to get 2500mh/s we will see how it goes

my problem is they are waiting for BFL asics, i deposited before reading the entire thread, i did send the money but not purchased a hash pack, emailed them for a refund lets see how honest they are

We have not received any email from you, you could send one again. you can use the contact form: https://hashrack.com/contact

[final war]

is there any posibility to get them right away ?

sent money to get 2500mh/s we will see how it goes

my problem is they are waiting for BFL asics, i deposited before reading the entire thread, i did send the money but not purchased a hash pack, emailed them for a refund lets see how honest they are

We have not received any email from you, you could send one again. you can use the contact form: https://hashrack.com/contact

it was send from the contact form actually ill send another one

[final war]

is there any posibility to get them right away ?

sent money to get 2500mh/s we will see how it goes

my problem is they are waiting for BFL asics, i deposited before reading the entire thread, i did send the money but not purchased a hash pack, emailed them for a refund lets see how honest they are

We have not received any email from you, you could send one again. you can use the contact form: https://hashrack.com/contact

it was send from the contact form actually ill send another one

got my refund on my deposit, they understood the situation, thanks alot to the team

[evilscoop]

nice...
im in two minds here to request a refund....

one the one hand, I wanted some stake in a big asic miner...on the other id prefer avalon to bfl, and im not convinced bfl will ever deliver :/

[pkarc]

nice...
im in two minds here to request a refund....

one the one hand, I wanted some stake in a big asic miner...on the other id prefer avalon to bfl, and im not convinced bfl will ever deliver :/

All of us are waiting that BFL delivers, I'm sure this has been improving, its not a secret that it took some time during development, but I know they are focused on delivering.

[greaterninja]

You are gonna need 250gh to 1000gh/s to run your own mining pool.   Right now I just mine slush with my 2.1ghash/s     soon I should have 132 ghash/s hopefully when my Avalons get here .  *crosses fingers and prays avalons will come soon*