[ANN] [LTC][EU/US][CPPSRB] Hypernova, your mining pool – 1% fee

[M0nsieurChat]

Thanks for the feedback, corrected.

Are you really angry the pool was offering the TX fees if it remained in your balance after withdraw ?

I'm not sure about what your screenshot means because you don't talk about the withdrawn amount.

Hope you'll give me more infos about your withdrawns.

[M0nsieurChat]

Shelves are now ALL paid. Thanks for being with us.

(what about raising a bit the pps rate.. Would it be a nice idea ? )

[msm595]

Shelves are now ALL paid. Thanks for being with us.

(what about raising a bit the pps rate.. Would it be a nice idea ? )

Pure awesome (if you do wind up raising it, I suggest you add a separate section so it's like:
PPS: 0.00009001 (+ 0.00000001)
)

[Soak]

Hypernova looks in the future! The pool is now IPv6 enabled for those among you who have such a connection. You can connect through it on Stratum and on the website.

[forsetifox]

Noticed the manual transaction fee was lowered considerably. I am back now.

[M0nsieurChat]

Noticed the manual transaction fee was lowered considerably. I am back now.

The previous fee was charged by the network. It was impossible for us to handle it without charging 80% of this network fee to our miners.

It's now okay with the latest litecoind upgrade.

By the way, Soak added a new luck graph on the stats page. Give it a look !

[Pmalek]

Soak I have read about the CPPSRB payout system, but I dont understand it yet... Can you explain on an example how it works please? And what if someone quits mining in the middle of a block, would he get paid for shares in that round?

 

[M0nsieurChat]

Soak I have read about the CPPSRB payout system, but I dont understand it yet... Can you explain on an example how it works please? And what if someone quits mining in the middle of a block, would he get paid for shares in that round?

It's quite simple actually.

Everytime the pool solves a block it is rewarded ~50 LTC (something around that, we won't count tx bonus from block to keep everything simple), right ?
During the time to solve a block, the pool needs to pay its miners because they're hashing to solve that block and we are CPPSRB. In CPPSRB there is "PPS". So, we're paying miners like the classic PPS way : a share is worth a fixed amount (this amount only changes according to the network difficulty).

So, you'll guess that sometimes during unlucky round we'll have to pay more than 50 LTC worth of hashing to only get back 50 LTC reward from the network finally solving a block. That's what we call an unlucky round aka when the pool distribute more than the reward it got for solving a block.
During unlucky rounds, it can happen that the pool don't have any fund anymore to pay its miners : the shares the pool can't pay at the moment are logged in a specific database and we call this "the shelve".

Concerning lucky rounds aka when the pool distributed less than 50 LTC during a round to get a 50 LTC reward (== excess funds), the extra money from that lucky round is used to backpay the shelved earnings from previous unlucky rounds.

There's a third case : if the pool have excess funds from many previous lucky round and there is no shares in the shelf, this excess funds are kept to continue the payouts like a classic PPS during unlucky round. As long as there is excess money.

So, the pool is exactly like a classic PPS when there's enough money in the wallet. It delays payment for further backpay if there is no money.
It continues to act like a PPS pool during unlucky rounds when there's excess funds from previous lucky rounds and no shares in the shelf waiting to be backpaid.

If you don't understand let me know I'll try to explain it one more time in a more simple way

[M0nsieurChat]

There is now the pool luck value in the API for 12h, 24h, 48h, week and lifetime.

[Pmalek]

GOT IT! Cool thank you!   Really nice and fair system! Should be implemented in more pools...

[Vinje]

I'm still pool jumping for research while I build my actual mining rig, but hypernova has been the most stable pool I've run into in the last couple weeks.
Site is clean, instructions were easy to understand.  I was up and running in less than 5min.
You guys are doing a great job.  You'll be seeing me a bit more in the future.    

[M0nsieurChat]

I'm still pool jumping for research while I build my actual mining rig, but hypernova has been the most stable pool I've run into in the last couple weeks.
Site is clean, instructions were easy to understand.  I was up and running in less than 5min.
You guys are doing a great job.  You'll be seeing me a bit more in the future.    

Thanks for your review ! We always appreciate feedbacks.


I would like to add for those worrying about shelves that when you have shelved earnings, you would have earnt the same amount of money in your balance on a PPLNS pool.
Shelved earnings are more an indicator that says "If we were a PPS pool, you would have earnt this bonus coins to kill variance. We'll anyway give it to you if we are lucky !"

[M0nsieurChat]

We are about to fully switch everyone to PPS, with a pool fee of 4% (should decrease if possible).
PPS Rate @ diff 1 : 0.00000084 LTC (1% fee) is now 0.00000082 LTC (4% fee)

When ? Tomorrow, the 24th July.

What will happen to the current shelved earnings ? They will be cleared the same way as CPPSRB used to clear the shelved earnings. That means, when we will switch to PPS, you'll continue being paid during bad rounds and your shelved earnings will be backpaid during lucky rounds.
Once the full shelved stack will be cleared, there will be no more shelved earnings. No more.

Will you earn less coin with PPS ? Over a long time with a null variance, yes you'll end up with less coins. Does this mean PPS is shit ? I don't think so. We learnt from our mistakes and CPPSRB isn't for sure an easily understandable reward system. People are used and know well the variance of PPLNS and it's OK. People like the nullvariance of PPS and it's OK. People just don't get the variance involved in CPPSRB as well as PPLNS. That's life.

How will we handle the payouts during the launch of PPS ? That's hard to say, but it's reality : we will use the oldest unwithdrawn funds from our miners. Currently, Hypernova holds about 3300 LTC that fully belong to its miners. We've always been honest at keeping your funds safe and we will continue to do so. That's why we've put since the pool launch a "pool reserve funds" gauge on the account page that is fully working.
A pool like Hypernova needs at least ~1000 || 1500 LTC to fight against the variance of probabilities.
A 4% fee @ 900MH/s should give back to the pool 1400 LTC monthly. So, our unwithdrawn funds will be used for only one month.
Don't worry about payouts. Maybe it's not being said enough but : NEVER KEEP YOUR MONEY FOR A LONG TIME ON A POOL ! A POOL IS NOT A BANK ACCOUNT. WITHDRAWN AS SOON AS POSSIBLE !
This advice is not applied by everyone. Indeed, we see Hypernova's wallet growing from days to days. And it's not related to new miners getting on the pool everyday. Mathematically, we have a good ~10% of our funds that never were withdrawn and it looks like that they'll never be. This is these funds we'll be using to launch the PPS.
That is to say ; I'm sure you all will be able to continue your withdraws. Just be warned you'll start to see the pool reserve gauge going down during the first month.

Thanks for your support, we're always open to debates.

Soak and M0nsieurChat

[litecoin_messiah]

We are about to fully switch everyone to PPS, with a pool fee of 4%.

When ? Tomorrow, the 24th July.

What will happen to the current shelved earnings ? They will be cleared the same way as CPPSRB used to clear the shelved earnings. That means, when we will switch to PPS, you'll continue being paid during bad rounds and your shelved earnings will be backpaid during lucky rounds.
Once the full shelved stack will be cleared, there will be no more shelved earnings. No more.

Will you earn less coin with PPS ? Over a long time with a null variance, yes you'll end up with less coins. Does this mean PPS is shit ? I don't think so. We learnt from our mistakes and CPPSRB isn't for sure an easily understandable reward system. People are used and know well the variance of PPLNS and it's OK. People like the nullvariance of PPS and it's OK. People just don't get the variance involved in CPPSRB as well as PPLNS. That's life.

How will we handle the payouts during the launch of PPS ? That's hard to say, but it's reality : we will use the oldest unwithdrawn funds from our miners. Currently, Hypernova holds about 3300 LTC that fully belong to its miners. We've always been honest at keeping your funds safe and we will continue to do so. That's why we've put since the pool launch a "pool reserve funds" gauge on the account page that is fully working.
A pool like Hypernova needs at least ~1000 || 1500 LTC to fight against the variance of probabilities.
A 4% fee @ 900MH/s should give back to the pool 1400 LTC monthly. So, our unwithdrawn funds will be used for only one month.
Don't worry about payouts. Maybe it's not being said enough but : NEVER KEEP YOUR MONEY FOR A LONG TIME ON A POOL ! A POOL IS NOT A BANK ACCOUNT. WITHDRAWN AS SOON AS POSSIBLE !
This advice is not applied by everyone. Indeed, we see Hypernova's wallet growing from days to days. And it's not related to new miners getting on the pool everyday. Mathematically, we have a good ~10% of our funds that never were withdrawn and it looks like that they'll never be. This is these funds we'll be using to launch the PPS.
That is to say ; I'm sure you all will be able to continue your withdraws. Just be warned you'll start to see the pool reserve gauge going down during the first month.

Thanks for your support, we're always open to debates.

Soak and M0nsieurChat

4% fee? lol. M0nsieurChat Sorry but this is too high, there are pools which offer 3%

[M0nsieurChat]

We are about to fully switch everyone to PPS, with a pool fee of 4%.

When ? Tomorrow, the 24th July.

What will happen to the current shelved earnings ? They will be cleared the same way as CPPSRB used to clear the shelved earnings. That means, when we will switch to PPS, you'll continue being paid during bad rounds and your shelved earnings will be backpaid during lucky rounds.
Once the full shelved stack will be cleared, there will be no more shelved earnings. No more.

Will you earn less coin with PPS ? Over a long time with a null variance, yes you'll end up with less coins. Does this mean PPS is shit ? I don't think so. We learnt from our mistakes and CPPSRB isn't for sure an easily understandable reward system. People are used and know well the variance of PPLNS and it's OK. People like the nullvariance of PPS and it's OK. People just don't get the variance involved in CPPSRB as well as PPLNS. That's life.

How will we handle the payouts during the launch of PPS ? That's hard to say, but it's reality : we will use the oldest unwithdrawn funds from our miners. Currently, Hypernova holds about 3300 LTC that fully belong to its miners. We've always been honest at keeping your funds safe and we will continue to do so. That's why we've put since the pool launch a "pool reserve funds" gauge on the account page that is fully working.
A pool like Hypernova needs at least ~1000 || 1500 LTC to fight against the variance of probabilities.
A 4% fee @ 900MH/s should give back to the pool 1400 LTC monthly. So, our unwithdrawn funds will be used for only one month.
Don't worry about payouts. Maybe it's not being said enough but : NEVER KEEP YOUR MONEY FOR A LONG TIME ON A POOL ! A POOL IS NOT A BANK ACCOUNT. WITHDRAWN AS SOON AS POSSIBLE !
This advice is not applied by everyone. Indeed, we see Hypernova's wallet growing from days to days. And it's not related to new miners getting on the pool everyday. Mathematically, we have a good ~10% of our funds that never were withdrawn and it looks like that they'll never be. This is these funds we'll be using to launch the PPS.
That is to say ; I'm sure you all will be able to continue your withdraws. Just be warned you'll start to see the pool reserve gauge going down during the first month.

Thanks for your support, we're always open to debates.

Soak and M0nsieurChat

4% fee? lol. M0nsieurChat Sorry but this is too high, there are pools which offer 3%

This is not a definitive fee. We always played and ensured safety. PPS is a risky reward system for pools. We want to start safely then reduce the fee if needed / possible.

[Soak]

Anyway we had 1% fee to maintain servers. 0% fee is a possibility for CPPSRB/PPLNS or no risky systems (but we need money to maintain the back-end and the nodes).

3% is the minimum for a PPS pool, so 3+1 = 4%. Same as before because the fee of 3% is required to handle the variance but at the end that's the same with a CPPSRB 1% system, because the variance was simply reported to later payout.

[msm595]

Anyway we had 1% fee to maintain servers. 0% fee is a possibility for CPPSRB/PPLNS or no risky systems (but we need money to maintain the back-end and the nodes).

3% is the minimum for a PPS pool, so 3+1 = 4%. Same as before because the fee of 3% is required to handle the variance but at the end that's the same with a CPPSRB 1% system, because the variance was simply reported to later payout.

I still don't see why you are switching to PPS. You should at least let users vote for what method they would like the pool to use. I love hypernova because it's unique and not another PPS pool.

[Soak]

Anyway we had 1% fee to maintain servers. 0% fee is a possibility for CPPSRB/PPLNS or no risky systems (but we need money to maintain the back-end and the nodes).

3% is the minimum for a PPS pool, so 3+1 = 4%. Same as before because the fee of 3% is required to handle the variance but at the end that's the same with a CPPSRB 1% system, because the variance was simply reported to later payout.

I still don't see why you are switching to PPS. You should at least let users vote for what method they would like the pool to use. I love hypernova because it's unique and not another PPS pool.

Because the majority of ours users complain about shelved earnings so the simplest solution for us is to switch to PPS, which is clear for everybody, unless the "high fee" which is needed to "survive" for a PPS pool.

[msm595]

Anyway we had 1% fee to maintain servers. 0% fee is a possibility for CPPSRB/PPLNS or no risky systems (but we need money to maintain the back-end and the nodes).

3% is the minimum for a PPS pool, so 3+1 = 4%. Same as before because the fee of 3% is required to handle the variance but at the end that's the same with a CPPSRB 1% system, because the variance was simply reported to later payout.

I still don't see why you are switching to PPS. You should at least let users vote for what method they would like the pool to use. I love hypernova because it's unique and not another PPS pool.

Because the majority of ours users complain about shelved earnings so the simplest solution for us is to switch to PPS, which is clear for everybody, unless the "high fee" which is needed to "survive" for a PPS pool.

Is it the majority of your users or the majority of the people complaining? I think voting should/would be able to determine where the majority opinion lies.

[CoinBuzz]

I vote for CPPSRB, dont change it to PPS.