A Short (HeHe) topic about Triplemining. Thank You (adara) my eyes are opened.

[bitcoinextra]

As you can see from the posts below that I was trying to refer people to join my Triplemining Team

I stop that because I was talking with adara down below
I was thinking instead of another post about see if Triplemining is Profitable.

Just Post My results here so you can see for yourself

First Triplemining is Mining Pool with a referral system they used the PPLNS,N=24h payment system

The PPLNS,N=24h where N equals hashrate or MH/s

Now lets say you have an avg. speed 600 MH/s and you mine say 72 hours at that speed
Then you first 24 hour BTC est. if you are mine at 600 MH/s is let say for simple sake .06 BTC in a 24 hour period.

Now it is 72 hours into mining
Your est. BTC is still .06 BTC for a 24 hour period but you want to take one of your miners off and mine some other pool or other crypto currencies.
This would bring your hashrate or MH/s to 300

So now you are still mining at Triplemining but at a 300 MH/s for until the now block is found

Ok it has been 96 hours allright new block found
But you notice your est. BTC is half .03 BTC
Huh why!!!!

This is because your hash rate dropped to half in the last 24 hours.

Now with all that being said, this might be something you can profit from if you get people to join your pool
and keep mining as long as they can without switching pools maybe profit if the pool gets real lucky and finds blocks fast.

But as for me this is not the place I would mine because I mine other Crypto Currencies with my machines
and Bitcoins too.

This was a quick explaination of my very short (15 hours) analysis or observation and my opinion.

[bitcoinextra]

Already have one member name is
jackolantern

his entry on the forum is


jackolantern said 37 minutes ago
Hey, its jackolantern here. I believe I am on the right thread. Well, thanks for everything, and I am glad to be the first member. Looking forward to seeing how we can grow!

go check it out http://bitcoinextra.weebly.com/bitcoin-extra-mining-team-forum.html#/20130609/post-here-to-confirm-joining-the-bitcoin-extr-2660056/

[bitcoinextra]

I need you to keep mining until I confirm your speed for the pool
Sorry for the Inconvenience my friends.

[bitcoinextra]

I made more here in week than I did in a month mining on other sites.

3 confirmed payout form BitcoinExtra.triplemining.com

Jun 05 2013 04:06:00  Payout from block 2397610 for .06181564 BTC  40 Hours of Bitcoin mining
Jun 05 2013 19:26:55  Payout from block 2398720 for .06750057 BTC  13 Hours of Bitcoin mining
Jun 08 2013 04:35:09  Payout from block 2402760 for .06167482 BTC  56 hours of Bitcoin Mining

Grand Total so far (June 8 2013) Triplemining  .19099003 BTC  for 109 hours of Bitcoin Mining

[bitcoinextra]

Confirmed mcb1221

Welcome to the Team

Have fun Earning Bitcoins

[adara]

You guys better try another pool if you do not want to get ripped off.
Try eligius.st (0 fees) or bitminter (merged mining).
Triplemining is a nontrusted pool. Seems to keep a lot of blocks for himself. See the pools' stats thread.

[acne]

This guy is not gonna pay us anything

[bitcoinextra]

You guys better try another pool if you do not want to get ripped off.
Try eligius.st (0 fees) or bitminter (merged mining).
Triplemining is nontrusted pool. Seems to keep a lot of blocks for himself. See the pool stats thread.

Could someone show me what Thread adara is talking about
because I would not be Mining here for the last week by Myself
and post the profits

Now I have not tried eligius.st or bitminter

But do they have referral system

This one has a referral system

Oh the other Teams Mining there:

Team Reddit | TeamRedditMining.reddit.com this is their join page http://www.reddit.com/r/teamredditmining/comments/1dvb6x/stepbystep_on_how_to_register_join_and_confirm/
plus this is their Team page http://www.reddit.com/r/teamredditmining/ last entry 21 hours ago
they start one month ago you would think they would have stop by now if it was a scam.

CoinURL.com - Bitcoin Advertising

HackForums

Check the Triplemining stat page and do some research then call them out if you 100% sure it is a scam
 

Why are these guys promote to join the site if it is a scam?
I ask you adara

[bitcoinextra]

This guy is not gonna pay us anything

Try ME and just don't take the BTC and not mine later

I think one of the people that recently joined
that has not started mining at all
he said he was having gpu issues and was going to mine with cpu
So the trusting person that I am paid him the amount.

Have not seen any work from that person
you can check my Forum at http://bitcoinextra.weebly.com/bitcoin-extra-mining-team-forum.html
look in confirmation thread to see whom I am talk about

Also you can check my payout Address for the only to 2 withdraw entries

https://blockchain.info/address/16CcNWYZjfYYNQFEFCXtxvzWmyYKFg4hyK

One is a little bigger because I give a little extra to the first one to join
He joined before I got to put up the Reward

[adara]

Can you please report how many blocks did you get paid for on the the week of June 2nd as an example?

[adara]

Not many bitcoins extra that week, right bitcoinextra?
What about the previous week?
Not many bitcoins extra either, right?

By recommending this pool you are damaging your miners' profit. Change pools now man!

[bitcoinextra]

Not many bitcoins extra that week, right bitcoinextra?
What about the previous week?
Not many bitcoins extra either, right?

By recommending this pool you are damaging your miners' profit. Change pools now man!

I can not find my join date, but for block #239761 the 40 hour one the one I started getting paid for

-   MINING   -   -   73 hours   14 058 178   -
#240276   GENERATED   25.28380600 BTC   June 7, 2013   56 hours   10 652 671    YES
#239872   GENERATED   25.09800000 BTC   June 5, 2013   13 hours   2 235 272    YES
#239761   GENERATED   25.21749000 BTC   June 4, 2013   40 hours   7 532 830    YES
#239403   GENERATED   25.14599192 BTC   June 3, 2013   169 hours   46 954 628    YES
#238120   GENERATED   25.20320001 BTC   May 27, 2013   173 hours   89 141 122    YES
#236976   GENERATED   25.25270000 BTC   May 19, 2013   9 hours   5 927 048    YES
#236917   GENERATED   25.02000000 BTC   May 19, 2013   85 hours   53 293 143    YES
#236369   GENERATED   25.29814464 BTC   May 15, 2013   13 hours   7 147 572    YES
#236293   GENERATED   25.21800100 BTC   May 15, 2013   11 hours   5 978 372    YES
#236227   GENERATED   25.37328459 BTC   May 14, 2013   33 hours   18 327 565    YES
#236018   GENERATED   25.29621000 BTC   May 13, 2013   11 hours   5 707 559    YES

I have this entry in my transaction list

You got paid for participating in this block. This block had a total of 7 532 830 shares of which you found 18 669. To calculate your reward for this round, we used the PPLNS,N=24h payment system. The last 24h before this block was found, you found 11 415 shares, the pool found 4 569 597 shares. You receive 11415/4569597th of the total reward. Your payout was: 0.06181564 BTC.

Also for block #239872 a 13 hour one  I like this one
You got paid for participating in this block. This block had a total of 2 235 272 shares of which you found 6 233. To calculate your reward for this round, we used the PPLNS,N=24h payment system. The last 24h before this block was found, you found 11 440 shares, the pool found 4 189 122 shares. You receive 11440/4189122th of the total reward. Your payout was: 0.06750057 BTC.

or and

Payout from block 240276 56 hour one   
You got paid for participating in this block. This block had a total of 10 652 671 shares of which you found 23 704. To calculate your reward for this round, we used the PPLNS,N=24h payment system. The last 24h before this block was found, you found 10 741 shares, the pool found 4 304 100 shares. You receive 10741/4304100th of the total reward. Your payout was: 0.06167482 BTC.

Are you familiar with the PPLNS,N=24h payment system   N= Hashrate
mine avg. 600 MH/s

that is why I get .06000000 avg a block drop.

Those are the ones I can account for

we are currentlly in the middle of 74 hour

Is that the info you are looking for. adara

[bitcoinextra]

You guys better try another pool if you do not want to get ripped off.
Try eligius.st (0 fees) or bitminter (merged mining).
Triplemining is nontrusted pool. Seems to keep a lot of blocks for himself. See the pool stats thread.

Still looking for that Thread adara

[bitcoinextra]

Although Triplemining.com is a new pool, there are a number of good reasons to mine with us:

Whatever your hash rate is, all current pools will give you more or less the same results. With Triplemining.com we offer you the possibility to triple your results by a clever minipool system. As soon as two of your friends (with equal or superior hash rate to yours) mine with us too, you increase your BTC mining income dramatically.

With bitcoin mining, pool hash rate (= speed), mining difficulty and a little bit of luck play a central part. Big pools can be depressing, especially if your hash rate is not that great while too small pools with a streak of bad luck leave you with some kind of a stomachache.

To counter this, Triplemining aims to bring together a medium-sized pool with no fees and clever redistribution of 1% of every found block to allow your share to grow more rapidly than on any other bitcoin mining pool.

How do we achieve this?

For every found block, we redistribute a share of the 1% fee to all minipool owners (people with 1 or more friends mining with them). The redistribution is connected to the shares found by your friends, not yours! So if the hash rate of your friends equals or is bigger than yours, your part in the redistribution will be equally bigger.

For every found block we increase our jackpot by the remaining part of the 1% fee (after minipool owners have been rewarded). Once per week the jackpot is paid-out, randomly connected to the find of a block, to one miner active at the moment of the find.

By doing this Triplemining is virtually fee-free.

If you're not convinced yet, let us add this to change your mind

Statistically everyone has the same potential chance of finding a block, the only variable is time. Although time can be a psychological factor in considering what pool to mine with, the results are the same all over. A new pool is no different in that respect.

With Triplemining.com however, we offer you a chance to virtually increase your hash rate with every friend you add to your minipool. In addition your bitcoin mining with us can be rewarded on a weekly basis with our jackpot. So in a way, the fact that we are small and new is an asset. If you are looking for better rewards and bigger share participation, Triplemining.com is the way to go.

[adara]

So effectively not many bitcoins extra as you yourself report.
You would have been paid 5 times more by either eligius.st or bitminter during that same period!
Once again change pools man!
You are hurting yourself and your own friends by recommending a nontrusted pool!

[bitcoinextra]

So effectively not many bitcoins extra as you yourself report.
You would have been paid 5 times more by either eligius.st or bitminter during that same period!
Once again change pools man!
You are hurting yourself and your own friends by recommending a nontrusted pool!

do you have numbers?

Or that thread

[adara]

Proof here:

https://bitcointalk.org/index.php?topic=77000.msg2348461#msg2348461


If you add up every week since last year as I have done you will find out how much damage you are doing to yourself and friends!

Change pools man and you will do yourself and your friends a favor!

Or may be ask organofcorti to do a specific report and audit on triplemining.
I will be more than happy to see that!

[bitcoinextra]

Proof here:

https://bitcointalk.org/index.php?topic=77000.msg2348461#msg2348461


If you add up every week since last year as I have done you will find out how much damage you are doing to yourself and friends!

Change pools man and you will do yourself and your friends a favor!

Or may be ask organofcorti to do a specific report and audit on triplemining.
I will be more than happy to see that!

Can you ask him your shelf to run the audit
sense you would be more than happpy to see that!

Why do you have a newbie status anyway?

Just find BitcoinTalk 

[adara]

I'll do that, yes.
And yes I am new here, but I am an old bitcoin guy.

Yeah man, in the meantime do yourself and your friends a favor and change pools!

[bitcoinextra]

I'll do that, yes.
And yes I am new here, but I am an old bitcoin guy.

Yeah man, in the meantime do yourself and your friends a favor and change pools!

No I am sticking with this pool for now and still referring my friends until I find out otherwise.
Anyways it mostly depends on the luck of the pool but pool fees do hurt also.

People are pretty satisfied with triplemining accouding to their Topic https://bitcointalk.org/index.php?topic=23663.940

and you can not delete others post.

Thanks for looking out Adara

Even if I did not sound like I did not want it.

Bitcoin Extra
Have Earning Bitcoins