Bitcoin Forum
September 26, 2016, 12:13:45 PM *
News: Due to DDoS attacks, there may be periodic downtime.
 
   Home   Help Search Donate Login Register  
Poll
Question: What type of pool payouts do you prefer?
Bitcoins - 3151 (80.4%)
Bank transfer / USD - 407 (10.4%)
Gold/silver coins and bars - 359 (9.2%)
Total Voters: 3915

Pages: « 1 ... 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 [184] 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 ... 1104 »
  Print  
Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3853748 times)
Grinder
Legendary
*
Offline Offline

Activity: 1244


View Profile
October 11, 2011, 06:53:19 PM
 #3661

As expected, the NMC price is crashing. The guys mining at the other pools are probably selling as quickly as they can before the market is flooded by this pool.
1474892025
Hero Member
*
Offline Offline

Posts: 1474892025

View Profile Personal Message (Offline)

Ignore
1474892025
Reply with quote  #2

1474892025
Report to moderator
1474892025
Hero Member
*
Offline Offline

Posts: 1474892025

View Profile Personal Message (Offline)

Ignore
1474892025
Reply with quote  #2

1474892025
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1474892025
Hero Member
*
Offline Offline

Posts: 1474892025

View Profile Personal Message (Offline)

Ignore
1474892025
Reply with quote  #2

1474892025
Report to moderator
1474892025
Hero Member
*
Offline Offline

Posts: 1474892025

View Profile Personal Message (Offline)

Ignore
1474892025
Reply with quote  #2

1474892025
Report to moderator
1474892025
Hero Member
*
Offline Offline

Posts: 1474892025

View Profile Personal Message (Offline)

Ignore
1474892025
Reply with quote  #2

1474892025
Report to moderator
Thndr
Jr. Member
*
Offline Offline

Activity: 53


View Profile
October 11, 2011, 07:14:42 PM
 #3662

As expected, the NMC price is crashing. The guys mining at the other pools are probably selling as quickly as they can before the market is flooded by this pool.
Bound to happen, too many coins are being mined. It happened with bitcoin, but bitcoin also got some news and become a flavor of the month to raise the price later.

Any word on when the pool will start processing rewards? I know that the delay lets the early early adopters change over to bitcoin while the currency inflates.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
October 11, 2011, 07:15:28 PM
 #3663

As expected, the NMC price is crashing. The guys mining at the other pools are probably selling as quickly as they can before the market is flooded by this pool.

I wonder if it would be better for Slush to simply sell the namecoins as they are mined and pay us proportionally in BTC.  Otherwise by the time we finally get some NMC it will be 100,000 NMC : 1 BTC.
Thndr
Jr. Member
*
Offline Offline

Activity: 53


View Profile
October 11, 2011, 07:17:31 PM
 #3664

As expected, the NMC price is crashing. The guys mining at the other pools are probably selling as quickly as they can before the market is flooded by this pool.

I wonder if it would be better for Slush to simply sell the namecoins as they are mined and pay us proportionally in BTC.  Otherwise by the time we finally get some NMC it will be 100,000 NMC : 1 BTC.
Then you just keep your nmc wallet and forget about it for a few months, and let deflation work it's way.

There however needs to be more services for namecoin with this sudden influx, or a difficulty reset based on mining so we don't go through a couple months worth of blocks in 1 week.
slush
Legendary
*
Offline Offline

Activity: 1358



View Profile WWW
October 11, 2011, 07:41:05 PM
 #3665

Any word on when the pool will start processing rewards?

I had some unexpected stuff today (not Bitcoin related), so I didn't work on this today, my bad. But I know people are waiting on it, I'll finish rewarding system tomorrow.

Iyeman
Full Member
***
Offline Offline

Activity: 189


View Profile
October 11, 2011, 07:47:01 PM
 #3666

As expected, the NMC price is crashing. The guys mining at the other pools are probably selling as quickly as they can before the market is flooded by this pool.

I wonder if it would be better for Slush to simply sell the namecoins as they are mined and pay us proportionally in BTC.  Otherwise by the time we finally get some NMC it will be 100,000 NMC : 1 BTC.
Then you just keep your nmc wallet and forget about it for a few months, and let deflation work it's way.

There however needs to be more services for namecoin with this sudden influx, or a difficulty reset based on mining so we don't go through a couple months worth of blocks in 1 week.

as opposed to the weeks worth that took 3 months.

Im looking forward to being able to pick up a bunch more NMC for the cheap.  Once the difficulty lvls out the price will recover.

BTC: 1aombYbEyggW4uKuX2VgYBjPMu8yxcYCX
sadpandatech
Hero Member
*****
Offline Offline

Activity: 504



View Profile
October 11, 2011, 08:45:29 PM
 #3667

There however needs to be more services for namecoin with this sudden influx, or a difficulty reset based on mining so we don't go through a couple months worth of blocks in 1 week.

I agree, though there is a service available to register .bit domains. Might have to drag the topics on it and other services up form the depths.


as opposed to the weeks worth that took 3 months.

Im looking forward to being able to pick up a bunch more NMC for the cheap.  Once the difficulty lvls out the price will recover.

 Ayee, agreed. It will be quite the opposite of couple months of 1 week blocks. With this in mind;

Last 120   19617-19737 11/10/2011 08:33 157'459.13   x1.67

Last 10    19727-19737 11/10/2011 19:18 131'856.84    x1.40

Next            20160      13/10/2011 14:36 23'508.98      x0.25

  If it actually does still drop to the 23,508 dif, with current merged mining it will not be a repeat of last time, quick pump and drop out at dif change. It will change up very quickly, and will continue to do so quite rapidly until the balance is hit. Atleast thats the game plan as far as I can summize. ;p

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
mb300sd
Legendary
*
Offline Offline

Activity: 1232

Drunk Posts


View Profile WWW
October 12, 2011, 04:33:07 AM
 #3668

Anyone know what time zone hes in? Whens "tomorrow"? looking forward to getting these namecoins before their worthless...

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
October 12, 2011, 04:37:31 AM
 #3669

Any word on when the pool will start processing rewards?

I had some unexpected stuff today (not Bitcoin related), so I didn't work on this today, my bad. But I know people are waiting on it, I'll finish rewarding system tomorrow.

Hopefully there will still be buyers left to sell into then the bids are going fast at the bitparking exchange from the rate it is going be lucky to sell them for .01 then....

Slush just sell the current stockpile.  If is highly unlikely in the short term prices will be higher.  Anyone who actually wants NMC could likely buy even more with the BTC you distribute from the sale.

Supply is going to far outstrip demand in the short term.  Converting NMC to BTC preserves the value of those coins.  Once the realtime distribution of NMC is ready future NMC rewards could be directly distributed.

Just please consider a one time sale of current stockpile.  It is already worth 35% less than it was yesterday.  With hundreds of thousands of new coins coming into supply every day the price isn't going to go up.  A delay simply devalues the reward.
Iyeman
Full Member
***
Offline Offline

Activity: 189


View Profile
October 12, 2011, 11:05:45 AM
 #3670

Any word on when the pool will start processing rewards?

I had some unexpected stuff today (not Bitcoin related), so I didn't work on this today, my bad. But I know people are waiting on it, I'll finish rewarding system tomorrow.

Hopefully there will still be buyers left to sell into then the bids are going fast at the bitparking exchange from the rate it is going be lucky to sell them for .01 then....

Slush just sell the current stockpile.  If is highly unlikely in the short term prices will be higher.  Anyone who actually wants NMC could likely buy even more with the BTC you distribute from the sale.

Supply is going to far outstrip demand in the short term.  Converting NMC to BTC preserves the value of those coins.  Once the realtime distribution of NMC is ready future NMC rewards could be directly distributed.

Just please consider a one time sale of current stockpile.  It is already worth 35% less than it was yesterday.  With hundreds of thousands of new coins coming into supply every day the price isn't going to go up.  A delay simply devalues the reward.

not everyone plans on selling there coins, by dumping over 20k coins on the exchange it will drop the price. whereas if only half the people want to sell the 20k the price would only drop to .15 thus YOU make more BTC because the portion you have will be worth more.  While the people holding  onto their portion if the 20+k wait for the price to go back up before selling and make even more profit.

Considering NMC is a bonus to mining and not needed to "break even" selling at these low prices is stupid. but just like BTC and the stock market, investors need stupid people to sell low and buy high lol....so sell sell sell your coins so i can buy buy buy and resell in 6-12 months at a much better profit. Smiley or open a .bit registration site lol in a month or 2 ill have enough to register a few thousand domains.

BTC: 1aombYbEyggW4uKuX2VgYBjPMu8yxcYCX
Iyeman
Full Member
***
Offline Offline

Activity: 189


View Profile
October 12, 2011, 11:27:15 AM
 #3671

Any word on when the pool will start processing rewards?

I had some unexpected stuff today (not Bitcoin related), so I didn't work on this today, my bad. But I know people are waiting on it, I'll finish rewarding system tomorrow.

Hopefully there will still be buyers left to sell into then the bids are going fast at the bitparking exchange from the rate it is going be lucky to sell them for .01 then....

Slush just sell the current stockpile.  If is highly unlikely in the short term prices will be higher.  Anyone who actually wants NMC could likely buy even more with the BTC you distribute from the sale.

Supply is going to far outstrip demand in the short term.  Converting NMC to BTC preserves the value of those coins.  Once the realtime distribution of NMC is ready future NMC rewards could be directly distributed.

Just please consider a one time sale of current stockpile.  It is already worth 35% less than it was yesterday.  With hundreds of thousands of new coins coming into supply every day the price isn't going to go up.  A delay simply devalues the reward.

not everyone plans on selling there coins, by dumping over 20k coins on the exchange it will drop the price. whereas if only half the people want to sell the 20k the price would only drop to .15 thus YOU make more BTC because the portion you have will be worth more.  While the people holding  onto their portion if the 20+k wait for the price to go back up before selling and make even more profit.

Considering NMC is a bonus to mining and not needed to "break even" selling at these low prices is stupid. but just like BTC and the stock market, investors need stupid people to sell low and buy high lol....so sell sell sell your coins so i can buy buy buy and resell in 6-12 months at a much better profit. Smiley or open a .bit registration site lol in a month or 2 ill have enough to register a few thousand domains.

There worth nothing if they are not in your wallet so no bonus at all yet and how about we get to decide what to do with them if you want to sell sell if not don't but kind of hard to do if you do not have them. BTW if you have not noticed since the first of these coins has been mined the price has gone from .025 down to damn near .015 and continuing to sell down there are next to no fresh buy bids happening so it is only going to go lower as more people sell.

yeah technically the price has dropped from .031 a week ago to currently .016 with a low of .0155 but there are pretty solid wall at .013 Im hoping a lot of folks sell so i can get the NMC from mining and dump my BTC into buying NMC cheap.

(But I support the idea behind namecoin and taking DNS out of the control of governments...)

BTC: 1aombYbEyggW4uKuX2VgYBjPMu8yxcYCX
sadpandatech
Hero Member
*****
Offline Offline

Activity: 504



View Profile
October 12, 2011, 11:43:35 AM
 #3672


yeah technically the price has dropped from .031 a week ago to currently .016 with a low of .0155 but there are pretty solid wall at .013 Im hoping a lot of folks sell so i can get the NMC from mining and dump my BTC into buying NMC cheap.

(But I support the idea behind namecoin and taking DNS out of the control of governments...)

Whether you support it or not has nothing to do with it and it is not technical at all the damn price has and continues to drop on these things every damn day that goes buy is BTC lost are you going to make that up or for that matter Slush going to do it I highly doubt it.


you. no. know. how. to. watch. future. price. verse. 1:1. peep out the dif chart at dot-bit. That is what namecoin traders have been buying and selling namecoins at before the big crash, based on the near future value. Without doing everyones home work for them I will just leave it at;
 Please just let me have my Namecoins. ;p

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
October 12, 2011, 12:49:56 PM
 #3673

not everyone plans on selling there coins, by dumping over 20k coins on the exchange it will drop the price. whereas if only half the people want to sell the 20k the price would only drop to .15 thus YOU make more BTC because the portion you have will be worth more.  While the people holding  onto their portion if the 20+k wait for the price to go back up before selling and make even more profit.

If you don't want to sell NMC then Slush selling them is the BEST thing for you.  Why?  Rather than be paid in NMC which have a high probability of being lower in price by the time you get them you are paid in BTC which can now buy MORE NMC.

For example hindsight being 20-20 had NMC been sold 36 hours ago you could buy 35% more NMC from the BTC it generated.hose BTC to buy NMC back.

Quote
Considering NMC is a bonus to mining and not needed to "break even" selling at these low prices is stupid. but just like BTC and the stock market, investors need stupid people to sell low and buy high lol....

The current price isn't low.  the price 36 hours ago (35% higher) certainly wasn't low.  The price will go much much much lower as demand for NMC will be massively outstripped by supply.   Currently namecoin has only ~20% of the hashing power of bitcoin.  There is no high barrier to entry (yeah the code sucks but it is a onetime cost).  Eventually every pool will merge mine.  With time merge mining will be integrated into the open source pool servers and new pools will start w/ merge mining.   Given only 20% of the network is hashing NMC now, expect daily supply to increase another 500% before difficulty finally catches up.

It wouldn't surprise me if prices fell another 50%+.  Having BTC to buy there would be more profitable then having NMC that continually decline in value even IF the long term goal is to hold NMC.  Eventually equilibrium will be reached but if you think we are their now well god I hope your stock portfolio is professionally managed.
slush
Legendary
*
Offline Offline

Activity: 1358



View Profile WWW
October 12, 2011, 12:57:57 PM
 #3674

Although I'm physically located in Prague, I'm thinking and living in UTC Smiley.

DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
October 12, 2011, 01:01:59 PM
 #3675

Although I'm physically located in Prague, I'm thinking and living in UTC Smiley.

Awesome.  You know you are a dedicated international operation when you think in terms of UTC.
slush
Legendary
*
Offline Offline

Activity: 1358



View Profile WWW
October 12, 2011, 01:27:58 PM
 #3676

I'm sorry for 3minute outage on api2.bitcoin.cz and website, it is again working now.

digital
Hero Member
*****
Offline Offline

Activity: 490


View Profile
October 12, 2011, 02:40:46 PM
 #3677

All the banter is kinda useless at this point.

Slush owns the pool.  It's not a democracy.  Technically, he didn't even have to let us know that he was doing merged mining until it was completely ready to go.  Then he could have rolled it all out at once.  And even though the situation with the nmc buildup would have been the same, this back and forth would never have happened.  There would have been no issues because everyone would have gotten their nmc at the same time they found out about the merged mining on the pool.

Instead Slush choose to tell us about the change before it was finalized, and now everyone is panicking because they felt like they won the lottery and now their winnings seem to be drying up...

If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20  50051.100  53668.0  53788.0  53571.0  53571.0  52212.0  50729.0  114804.0  115468  78106  69061  58572  54747
theGECK
Sr. Member
****
Offline Offline

Activity: 410



View Profile
October 12, 2011, 02:43:47 PM
 #3678

Slush, I like the new "Key Features" on the homepage. Just a few grammatical suggestions similar to the ones I've made before to help the section read better. Take whatever you'd like from here. Words I have changed or added are in red. Comments are in code.

Key features

Service lifetime & operator trust - Users have to trust pool operators, because pools aren't cheat-proof from the side of the operator. mining.bitcoin.cz was the first Bitcoin mining poolever, has been operating consistently since December 2010,(operating since Dec/2010) and has a long history of stable and accurate payouts.

Namecoin Merged Mining - The pool is mining Bitcoins and Namecoins together since October 2011. Thanks to this, users have a much higher mining income than mining on another Bitcoin-only pool.
Code:
If you want to keep the October 2011 date, change "is mining BTC and NMC" to "has been mining BTC and NMC". It keeps the tense consistent.

Score-based rewarding system - Pool uses a fair distribution of rewards between members, making the pool hopping-proof. This has been which was mathematicaly proven.
Code:
The word "fair" implies a moral choice where I don't think one exists. I think the score system is better, but not everybody likes it or thinks that it is
actually fair. I would replace this point with, "The pool uses a mathematically proven reward system that benefits long-term connections while protecting
everybody from pool-hopping.", with a link to the proof and a description of what pool-hopping is and does. You can make that page as biased as you want :-)
This opinion extends to other uses of the word "fair" on the homepage.

X-Long-Polling* - This miner extension improves overall mining efficiency of connected miners by lowering stale share ratio below 1%.
X-Roll-NTime* - Another miner extension, which improves network efficiency, especially for fast mining rigs.
* You need to use miner software supportingthat supports those features. I recommend you use poclbm miner or GUI miner

Hope this is helpful. Also on the homepage, "Why do I need bitcoin pool" should be "why do I need a bitcoin pool", and at the bottom of the page it should read, "ask the miner's community instead

Use my referral codes for Bitcoin faucets and I'll send you 25% of my referral bonus - Win/Win! PM for details on all sites available or use one of the links here.

FreeBitco.in | FreeDoge.co.in
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
October 12, 2011, 02:44:29 PM
 #3679

Slush owns the pool.  It's not a democracy. 

Who claimed it was a democracy.... other than you of course.

Making a suggestion isn't the same thing as demanding a vote.

Still it probably is a good thing you clarified it isn't a democracy just in case someone was planning to run for office.
slush
Legendary
*
Offline Offline

Activity: 1358



View Profile WWW
October 12, 2011, 03:04:41 PM
 #3680

Slush, I like the new "Key Features" on the homepage. Just a few grammatical suggestions similar to the ones I've made before to help the section read better. Take whatever you'd like from here. Words I have changed or added are in red. Comments are in code.

Thank you a lot! :-) I know that my grammar is crazy, but sometimes I need to update website texts Wink. I'll add those fixes soon.

Pages: « 1 ... 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 [184] 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 ... 1104 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!