ABCPool is closing down
The journey is coming to an end.
When ABCPool started out in 2011, we became the first share reseller of our kind. ABCPool pioneered the idea of converting the contract for a share from variable-reward to fixed-reward and reselling it like that.
The idea proved successful, miners liked the low risk and low fees which caused ABCPool to quickly grow to a significant share of the mining market.
Bitcoin is still in its infancy, and is evolving quickly. With the arrival of Stratum mining, part of the underlying technology for ABCPool became obsolete. As we expected, pool hash rate has been dwindling ever since.
After two years, we are now at the point that ABCPool in its current incarnation has to close its doors.
The newly arrived FPGA and ASIC miners have diluted turnaround per GHash, and are pushing networking costs up. Hosting costs have become too high to justify keeping the service available, even if we’d increase fees.
We’d like to thank everyone who mined with us throughout the years, and everyone who has contributed their feedback on our forum. You guys made running the pool a great experience, thank you for that!This Monday (August 5 2013) we will be shutting down the getwork server. Our website will stay up all through august for people to withdraw any leftover earnings.
Any balances remaining after that will be treated as donations to cover the losses of the past months.
It’s not unthinkable that ABCPool will be making a comeback in some other form. Don’t hold your breath, but do send us a PM if you’d like to be kept in the loop.
As always, Happy Hashing,
Chlorine & MintCondition
We’re proud to introduce ABCPool.co
to you, the highest paying Pay-per-Share (PPS)
pool, making miners happy since 2011-08-02.ABCPool.co
has some advantages that are hard to find anywhere else in the same combination:
* Predictable Income
: Pay-per-Share (PPS) means you know how much you get.
* We pay for Stale Shares and orphan blocks
: Because we think a pool should be responsible for delivering new work to you in time! NB: Proportional pools that offer this, always
do so from your own pocket. With PPS, stale share rewards are a real bonus.
* Immediate payouts
: no more waiting for ‘estimated/unconfirmed reward’ to become available!
* Come & Go as you like
: Pay-per-Share is immune to pool hopping, so hop all you like!
Of course you’ll also find the common features at ABCPool.co
* Long Polling & NTime-Roll support
* Less than 0.1% invalid shares on average
* No penalty for invalid blocks
* Automatic and Manual payout
* Up to the minute stats
* Easy sign-up
A bit of background: As creators of ABCPool, we have always had a preference for PPS mining. We’d noticed for some time that there was a distinct lack of Pay-per-Share mining pools. That's why we decided to fill that gap in the Bitcoin community by introducing ABCPool.co
We only charge ABCPool.co
a 1.5% nominal fee until further notice, while other PPS pools currently charge as much as 10% nominal fee! We can offer such a low fee because behind the scenes we share the risk of block-finding with other sources.
If you have any questions about ABCPool.co
, feel free to ask them in this forum thread. If you are restricted to the newbie forum, please see our thread over there: https://bitcointalk.org/index.php?topic=36666.0