Hello Union Members and Friends
Obviously some of you have not been following the thread and are just getting here and wondering - hey wtf is going on?
(which is fine)
So I will re-iterate my earlier posts to you.
First Let me State some facts to clear up any mis conceptions.
We do not use any kind of hosting companies or virtual servers.
We do not share or lease resources from anyone.
Our Entire operation (pushpoold, bitcoind, mysql, and web front end) are sitting on a Dedicated
3U Rackmount IBM eServer which is powered by (4) XEON MP Dual Core 3.66 Ghz CPU's
This server could handle 10000 G/hash if need be. Maybe more. The server is privately owned by me and sits in my office on a 15mbps Down / 2mbps UP connection.
When we first started the pool we decided to go with Mining Farm - which is an open source pushpoold front end designed by Xenland.
Within three days of launching our pool our speed grew more than 10 times!
From 2.5 G/hash to 30 G/hash and we quickly learned that although the server had a VERY low load and was working just fine that Mining Farm was NOT properly designed to handle speeds over even a couple G/hash. Unfortunately Mining Farm's handling of MYSQL queries is very inefficient, so we quickly decided this would not work for us.
We also had many requests from our miners for better stats and interface so what we decided to do is code a completely new statistical front end as well as a new GUI for our miners - implementing the great input and ideas you have all given us.
We also realized we were going to need more bandwidth and we planned for this. I have a business class broadband cable connection and my ISP allows me to scale it up as needed. However after deliberating on that notion my co-admin volunteered his PERSONAL 100 MB Redundant Fiber-optic link! Our server will be the sole dedicated user of this bandwidth and its entirety will be at the pools disposal!
We have a scheduled 2-3 hour downtime on Monday to migrate the server to my co admins office. At that time we will take the newly coded statistical system and freshly designed website out of the testing server and bring it online. IT IS GOING TO BE AWESOME!
The statistics you see are from the old system and are not entirely reliable. However that is just the Mining Farm front end screwing up. All your shares, hashes and rewards are being properly calculated by pushpoold / bitcoind and properly stored in the DB. You have nothing to worry about and you will see all of this on monday when our fresh front end comes online.
DAILY REWARD PAYMENTS! This is an exciting incentive to mine with us and don't worry on monday when the new server comes online I will be going through the database and looking and shares and who has been hashing and who has not. YOU WILL RECEIVE ALL OF YOUR DAILY REWARD PAYMENTS ON MONDAY! Which is .1 BTC per G/hash per 24 hours + .05 BTC BONUS for mining with us while our stats are screwed up. For Slower miners (100 m/hash - 999 m/hash) Your Daily Rewards are a little lower .05 daily and .025 bonus. I have already paid out several bitcoins in bonuses and I would love to continue to be able to do that so come on and mine with your union brothers!
WIN A BRAND NEW XFX 5770 !
When our first block is solved (which should be this week after we get the new front end and statistics up I KNOW our growth and speed is going to start multiplying again!) we will have a raffle amongst the miners who were mining when it was solved - the card is sitting on my self right now and I cant wait to ship it out!
FIRST BLOCK BONUS!
The lucky miner who finds that first block for us will receive +1 BTC PER G/HASH on top of your regular daily reward AND your regular round reward from the pool
PLUS A REVOLUTIONARY NEW PAYOUT METHOD THAT NO ONE ELSE OFFERS!
(i will announce that this week when we launch it)
Lots of exciting things going on - This Pool truly is the pool FOR miners and BY miners. There are benefits to being in any union and the Bit Miners Union is no different! So keep on hashing this is OUR POOL not my pool and I can't wait to show you the new features on Monday!