[ANN][POOL] ZERGPOOL.com - Multialgo, autoexchange, 0.5% fee, 250+ coins

[HE[A]RTLESS]

nice i go to mine with you pool!

[kerzNOberz]

What is this all about?

 "payment threshold is 25000 BTC and 25000 BTC on Sunday "

why was threshold increased to a ridiculous amount?

[minerx117]

Need to check Pay Outs pinpins they are building up to big totals and not paying as they should be

Best Regards
Nemo

[pinpins]

Need to check Pay Outs pinpins they are building up to big totals and not paying as they should be

Best Regards
Nemo

Was it rounding issue I recently fixed?

[fr4nkthetank]

Did some math with hmq1725 algo and watched buys and sells for some period.  Easier on small shit coins to see what is going on.


Nothing good is going on, thats what.  I cant prove anything but I do feel strongly that zergpool / pools either mismanages coin selling or is buying its dumps. 

edit: In addition, 24hrs "actual" and estimated are garbage values.  I cannot compute the same values with the data I have harvested.  Current (non 24hrs) is the past 24hrs actual in reality. (or closer to)

[minerx117]

Need to check Pay Outs pinpins they are building up to big totals and not paying as they should be

Best Regards
Nemo

Was it rounding issue I recently fixed?

its not fixed as far as i can tell

eg. http://zergpool.com/?address=1QGADhdMRpp9Pk5u5zG1TrHKRrdK5R81TE

no payout in 9 days..


Best Regards
Nemo

[MagicSmoker]

Did some math with hmq1725 algo and watched buys and sells for some period.  Easier on small shit coins to see what is going on.

Nothing good is going on, thats what.  I cant prove anything but I do feel strongly that zergpool / pools either mismanages coin selling or is buying its dumps. 
...

You are slowly but surely zeroing in on the fatal flaw of all these multi-algo, auto-switching mining pools: they have you mine what is most profitable right now, but sell the coin at a later time when it is often not worth nearly as much (i.e. - because of a pump-and-dump).

[pinpin1]

Need to check Pay Outs pinpins they are building up to big totals and not paying as they should be

Best Regards
Nemo

Was it rounding issue I recently fixed?

its not fixed as far as i can tell

eg. http://zergpool.com/?address=1QGADhdMRpp9Pk5u5zG1TrHKRrdK5R81TE

no payout in 9 days..


Best Regards
Nemo

I see you have setup high payout level 0.05.
You can reset it by pl=0

[fr4nkthetank]

Did some math with hmq1725 algo and watched buys and sells for some period.  Easier on small shit coins to see what is going on.

Nothing good is going on, thats what.  I cant prove anything but I do feel strongly that zergpool / pools either mismanages coin selling or is buying its dumps.  
...

You are slowly but surely zeroing in on the fatal flaw of all these multi-algo, auto-switching mining pools: they have you mine what is most profitable right now, but sell the coin at a later time when it is often not worth nearly as much (i.e. - because of a pump-and-dump).

Lets say i'm evil, or a pool operator (is there a difference ?) and I know when (where is not a problem) zerg pool dumps coins, I can calculate the bid depth, so lets say I have 1.5btc to sell (you can calculate from pool hashrate and avg difficulty), the last share sold would end up in the order book to a specific point.  Example:  Market is 800-850 sats, depth 1.5btc brings it to 600 sats.  Now lets say I put 0.5btc bid at 605 sats, I would get my fill when the pool dumps.  Price may recover after one dump, maybe a bit lower, so you can sell your coins back at 750-800 lets say.  Not bad if you do so many times a day on many coins.  Its free money, straight out of the miners pocket.
edit: not out of mine anyway

[MagicSmoker]

Lets say i'm evil, or a pool operator (is there a difference ?) and I know when (where is not a problem) zerg pool dumps coins, I can calculate the bid depth, so lets say I have 1.5btc to sell (you can calculate from pool hashrate and avg difficulty), the last share sold would end up in the order book to a specific point.  Example:  Market is 800-850 sats, depth 1.5btc brings it to 600 sats.  Now lets say I put 0.5btc bid at 605 sats, I would get my fill when the pool dumps.  Price may recover after one dump, maybe a bit lower, so you can sell your coins back at 750-800 lets say.  Not bad if you do so many times a day on many coins.  Its free money, straight out of the miners pocket.
edit: not out of mine anyway

Yep, that's a solid plan. There's all kinds of shady crap that can happen in crypto still because regulation hasn't caught up with it. Insider trading, order spoofing, pump-n-dump... it's like the 1920's stock market all over again.

[minerx117]

Need to check Pay Outs pinpins they are building up to big totals and not paying as they should be

Best Regards
Nemo

Was it rounding issue I recently fixed?

its not fixed as far as i can tell

eg. http://zergpool.com/?address=1QGADhdMRpp9Pk5u5zG1TrHKRrdK5R81TE

no payout in 9 days..


Best Regards
Nemo

I see you have setup high payout level 0.05.
You can reset it by pl=0

thanks

Personalized payment level
Specify payment threshold using pl= parameter in password field (example pl=0.1). Setting is saved once miner is connected. Personalized payment threshold level can be only higher than pool default. If you want to reset it, specify pl=0 once at connection of miner. You can check your setting was applied using your wallet address web page. ("pl" stands for payment level)
Example to mine in Innova coin and get payout in LTC setting payment level at 0.5 LTC
-o stratum+tcp://neoscrypt.mine.zergpool.com:PORT -u <YOUR_LTC_ADDRESS> -p c=LTC,mc=INN,pl=0.5

[pinpins]

Lets say i'm evil, or a pool operator (is there a difference ?) and I know when (where is not a problem) zerg pool dumps coins, I can calculate the bid depth, so lets say I have 1.5btc to sell (you can calculate from pool hashrate and avg difficulty), the last share sold would end up in the order book to a specific point.  Example:  Market is 800-850 sats, depth 1.5btc brings it to 600 sats.  Now lets say I put 0.5btc bid at 605 sats, I would get my fill when the pool dumps.  Price may recover after one dump, maybe a bit lower, so you can sell your coins back at 750-800 lets say.  Not bad if you do so many times a day on many coins.  Its free money, straight out of the miners pocket.
edit: not out of mine anyway

Yep, that's a solid plan. There's all kinds of shady crap that can happen in crypto still because regulation hasn't caught up with it. Insider trading, order spoofing, pump-n-dump... it's like the 1920's stock market all over again.

Well, trading is another topic there, so many possibilities etc.  From my end I can only confirm it works straight forward, we just sell coins to support turnover and every 12h payment schedule. I mean, I have no time to dance with 300 coins on exchanges.

[fr4nkthetank]

Oh yeah I agree, the auto btc function is nice and all, but I guess only efficient for large liquid coins.  Ideally the pool would auto sell on a very short period.

[MagicSmoker]

Well, trading is another topic there, so many possibilities etc.  From my end I can only confirm it works straight forward, we just sell coins to support turnover and every 12h payment schedule. I mean, I have no time to dance with 300 coins on exchanges.

Oh, I wasn't saying you were intentionally doing something shady, just that pools like yours suck in general because the whole idea behind them is fatally flawed. If the only coins you offered were large and liquid - as fr4nkthetank pointed out - then this type of pool would make more sense, but if each algo you support has one or more shitcoins that are ridiculously prone to pump-n-dump (or the so-called "chainsaw difficulty attack") then profitability gets thrown out the window.

This is likely why there are so many complaints about steep drops in payout amount happening many hours to days after the fact. Consequently, my advice to those that don't have any particularly coin they are interested in but whose electricity cost is low enough that their rigs should be mining something is to point their rigs at Nicehash.

[pinpins]

Well, trading is another topic there, so many possibilities etc.  From my end I can only confirm it works straight forward, we just sell coins to support turnover and every 12h payment schedule. I mean, I have no time to dance with 300 coins on exchanges.

Oh, I wasn't saying you were intentionally doing something shady, just that pools like yours suck in general because the whole idea behind them is fatally flawed. If the only coins you offered were large and liquid - as fr4nkthetank pointed out - then this type of pool would make more sense, but if each algo you support has one or more shitcoins that are ridiculously prone to pump-n-dump (or the so-called "chainsaw difficulty attack") then profitability gets thrown out the window.

This is likely why there are so many complaints about steep drops in payout amount happening many hours to days after the fact. Consequently, my advice to those that don't have any particularly coin they are interested in but whose electricity cost is low enough that their rigs should be mining something is to point their rigs at Nicehash.

Yes, I agree, those shitcoins give quite some risk, though they also tend to go up in price on bid sometimes. Nevertheless liquid coins are present in each algo, and our recent implementation allow you to mine only among them, (using c=BTC,mc=GTM/GIN/XZC as example). Though, I dont have special trading implementation for such, if you are looking for it

[Oger]

What about Eth algo?

[Dalba]

Hello pinpins,
Any chance you add bitcoin diamond (BCD) algo to your pool ?
It's currently one the most profitable coin to mine at the moment...

[pinpins]

UPDATE

1. $BCD @BitcoinDiamond_ is now available at BCD stratum pool in testing mode. Lets hit first block together

[olegik-ah]

UPDATE

1. $BCD @BitcoinDiamond_ is now available at BCD stratum pool in testing mode. Lets hit first block together

Hi! When it will be available in API?

[Dalba]

UPDATE

1. $BCD @BitcoinDiamond_ is now available at BCD stratum pool in testing mode. Lets hit first block together

Thank you for adding BCD ! Let put 1600 miners on it and we'll be the biggest pool after chinese ones !