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Author Topic: [~20GHs] BTCPool24 0%,PP,PPS,LP,JSON,Instant pay  (Read 7667 times)
btcpool24
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July 25, 2011, 06:26:08 PM
 #1

 
 BTCPool24.com

See our promos here :  https://bitcointalk.org/index.php?topic=35503.0




TX fee is now at 0.0005BTC for faster transactions

Please follow me on twitter for faster news updates. So i can twitter my last changes and pool status nearly in realtime.

 


 Now with 0% PPS Instant Payout.
 The highest PPS payout at the bitcoin market.
 We pay 0.00002769 BTC for every valid share.
 
  Now more stable. Increased the performance of the DB & Stats.
  
  1.95BTC extra to the finder of the block !
     Live Pool Stats via JSON API
   http://www.btcpool24.com/json_stats.php

 Update:

  Updated and patched bitcoind and pushpool  Now should be running 24/7

 
 Ultra low stale rate
 100% prop. payout No fees
 PPS instant payout No fees
 Long Poll
 We pay for invalid blocks too
 JSON-API
 personal stats optimized for smartphones.
 
 etc.

 Join us now !
    
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Jack of Diamonds
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July 25, 2011, 09:57:31 PM
 #2

So it looks like you added 0% PPS to the pool

Is this for real, because the first block was never found after 1 month
& 0% PPS is impossible to pull off in the long term by such a small pool

Also, will old miners get 1st block reward in PPS or proportional?
p.s. the hashrate is about 1g now

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
Jine
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July 26, 2011, 12:19:28 AM
 #3

PPS %0 fee?!

How much are you paying per share?
0,00002956994?

EDIT:

The site is so damn slow it's impiossible to use.

Previous founder of Bit LC Inc. | I've always loved the idea of bitcoin.
Jine
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July 26, 2011, 12:20:34 AM
 #4

By the way, why are you starting another thread for each post?

http://forum.bitcoin.org/index.php?topic=26291.0

EDIT:

Took ~10min to login and create a worker. Added one cpu to you.
Got ONE share over the past... 20min, and a shitload of rpc issues.
http://jine.be/87

Previous founder of Bit LC Inc. | I've always loved the idea of bitcoin.
btcpool24
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July 26, 2011, 04:40:41 AM
 #5

So it looks like you added 0% PPS to the pool

Is this for real, because the first block was never found after 1 month
& 0% PPS is impossible to pull off in the long term by such a small pool

Also, will old miners get 1st block reward in PPS or proportional?
p.s. the hashrate is about 1g now


Hello, yes i added PPS ! proportional is also available. You can choose what to use for each worker in account details.
btcpool24
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July 26, 2011, 04:43:11 AM
 #6

PPS %0 fee?!

How much are you paying per share?
0,00002956994? Yes !

EDIT:

The site is so damn slow it's impiossible to use.

Sorry, but there is a heavy load by the apache threads. im working on it.  The first priority is on the RPC miner Connections.
Caesium
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July 26, 2011, 09:09:34 AM
 #7

1GH/s and you're experiencing load issues?

Tired of annoying signature ads? Ad block for signatures
btcpool24
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July 26, 2011, 10:57:21 AM
 #8

1GH/s and you're experiencing load issues?

Ghs mining loads does nothing to do with the www loads. But know i think its working better. The problem was the connections between the www and the Databse.
I changed the db queries. Now the performance should be better.

The connections for the mining clients are allways reachable.   And if you use PPS you will be paid for every submitted share.
Jack of Diamonds
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July 26, 2011, 01:20:46 PM
 #9

Every time your balance goes deeply negative you have to spend thousands of dollars to pay your PPS miners out of your own pocket unless you want the pool to die.

This doesn't seem like a sound business plan for a startup pool unless you are rich. There is a high risk you will not have adequate funds to pay out earnings for 0% PPS.

Do you have a buffer of 500-1000BTC to ensure PPS payments even in the case of many unlucky rounds?

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btcpool24
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July 26, 2011, 01:58:24 PM
 #10

 Hi, i dont think that i will run more unlucky than other pools. But i have a buffer. (about 200BTC)
 This wil be ok i think. I m not making this pool to earn much money. I do it just for fun and to learn .
 No matter if i have to pay some bucks.
Jine
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July 26, 2011, 03:53:18 PM
 #11

How did you get that buffer, with a pool that haven't solved any blocks yet?
Stolen rounds?

Previous founder of Bit LC Inc. | I've always loved the idea of bitcoin.
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July 26, 2011, 04:35:36 PM
 #12

I m not making this pool to earn much money. I do it just for fun and to learn .
 No matter if i have to pay some bucks.


But you even put google ads on the site.

People shouldn't just put up ~3000 dollars for anonymous people to leech off, "for fun and learning".
(Well.. Unless they got that 3k for free)

Maybe someone will learn from my naïvete before submitting millions of shares.

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btcpool24
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July 26, 2011, 05:23:43 PM
 #13

Whats your problem ? When this round is over and the block is found you will get your Btcs . No reason to make this pool so bad. Sure i want trying to make some money.( Google ads) But at 99% i run this pool for fun. At the moment. Maybe in the future i will increase the fees to some %.  I dont know yet.
farfiman
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July 26, 2011, 06:13:11 PM
 #14

Whats your problem ? When this round is over and the block is found you will get your Btcs . No reason to make this pool so bad. Sure i want trying to make some money.( Google ads) But at 99% i run this pool for fun. At the moment. Maybe in the future i will increase the fees to some %.  I dont know yet.


He is just worried that you didn't do your math right.
Ars bitcoin has 0% PPS and had extremely good luck since then and have built a hefty buffer, but even they had some math done that states a 66% chance of the buffer going to negative within the year....

http://forum.bitcoin.org/index.php?topic=18567.msg379333#msg379333

So there is reason for worry. I don't think he meant to harm you in any way.

Edit:   by your current situation you owe already 100BTC before you found the block, hence the extra worry.

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
btcpool24
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July 26, 2011, 06:39:52 PM
 #15

Whats your problem ? When this round is over and the block is found you will get your Btcs . No reason to make this pool so bad. Sure i want trying to make some money.( Google ads) But at 99% i run this pool for fun. At the moment. Maybe in the future i will increase the fees to some %.  I dont know yet.


He is just worried that you didn't do your math right.
Ars bitcoin has 0% PPS and had extremely good luck since then and have built a hefty buffer, but even they had some math done that states a 66% chance of the buffer going to negative within the year....

http://forum.bitcoin.org/index.php?topic=18567.msg379333#msg379333

So there is reason for worry. I don't think he meant to harm you in any way.

Edit:   by your current situation you owe already 100BTC before you found the block, hence the extra worry.why ??

 the pool will payout 50BTC if it solved a block. Where are the 100BTC Huh Every miner can choose between Prop or PPS. Like deepbit.
 
 
farfiman
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July 26, 2011, 07:01:49 PM
 #16

if you have 3M shares at .0000295.... thats 100BTC....    if this round gets to 9M ( and there are those) that would be 300btc if everybody wants PPS

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
btcpool24
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July 26, 2011, 07:07:43 PM
 #17

if you have 3M shares at .0000295.... thats 100BTC....    if this round gets to 9M ( and there are those) that would be 300btc if everybody wants PPS

OK this round has about 3M shares. All of it are Prop. Not all will use PPS. OK 9M shares will be bad ofr me. but there also will be blocks witch less than 500k .  All i can promise is , i will pay this block and the next ones. I dont know what i will do at the 10th block if everybody uses PPS and the got unlucky for a long time. But does any pool Admin know what he will doe if the pool is running unlucky for a very long time ?
What will deepbit do if they have 20 blocks witch over 9M each Huh
farfiman
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July 26, 2011, 07:17:54 PM
 #18

technically its possible to get a few 9M rounds in a row , but the larger you are ( and they are the largest) the chance that you will even out are big.    Also they pay a smaller fee (0.00002661294865101)  and a 3% fee on the proportional ,  so they have BTC coming in all the time.

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
btcpool24
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July 26, 2011, 07:55:57 PM
 #19

technically its possible to get a few 9M rounds in a row , but the larger you are ( and they are the largest) the chance that you will even out are big.    Also they pay a smaller fee (0.00002661294865101)  and a 3% fee on the proportional ,  so they have BTC coming in all the time.
Sure its possible , but also to get a few 500k shares.
So i never said i will keep 0% fee forever. Every starting buisiness will have to pay for marketing.  So i do with the 0% fees.
At the moment i look at the first block at my pool. If i must pay 100BTC for pps shares for the 1st block then i will pay it, and decide what to do on the next block. maybe 3% fee or have one more try to solve the next block with 500k  Thats life
btcpool24
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July 26, 2011, 08:00:12 PM
 #20


 You can mine with PPS and instantly payout your BTCs. You dont have to wait for the block to be found.
 So there's is no risk for any miners at all. Register-mine with PPS-cash out.
 
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