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Author Topic: [20 gh] NMCBit pool 3% fee prop 6.6% PPS  (Read 60078 times)
DavinciJ15
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October 31, 2011, 06:07:09 PM
 #581

Well, there's obviously a problem then, atleast in my control panel.....

My current reporting says:

1.59642251 BTC  ...for... 41,169 shares.

Correct me if my math is a bit off, but, that is 0.00003877729626660837/share ....and you take your tax during withdrawl (so remove another 3% from that).

It should report:

0.00004154680413673219 (current full amount, no tax removed).


Using BTCG as an example (who tax BEFORE share payment, not during withdrawl), their current rate is 0.00003946949672652458/share, again, which already includes the removal of their 5% tax.

Are you sure things are correct ?


Yes I am sure things are correct, the amount for PPS is 0.0000387772965451 /share not 0.00004154680413673219.
I charge a 6.6% amount on PPS plus a tax of 3% that totals almost 10% this was discussed earlier in this thread.
https://bitcointalk.org/index.php?topic=33612.msg591138#msg591138

You will find the updated share amount on the front page.
at www.nmcbit.com

That value is always up to date.

If you did not receive 0.0000387772965451 for the last block then there is a problem and I will gladly fix it.



You are aware difficulty just dropped (as in < 12 hours ago).  The PPS rate now would be ~20% higher than yesterday.

Yes, and the system automatically updates the PPS amount when the difficulty changes.  When I find some time I will code in to the stats page current diff, Next estimated Diff current PPS and Next estimated PPS and estimated time before next change.
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bitlane
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October 31, 2011, 06:13:58 PM
 #582


Yes I am sure things are correct, the amount for PPS is 0.0000387772965451 /share not 0.00004154680413673219.
I charge a 6.6% amount on PPS plus a tax of 3% that totals almost 10% this was discussed earlier in this thread.

You will find the updated share amount on the front page.
at www.nmcbit.com
I guess that's what happens when I just get 'the cliff notes' as to what you post, because in the past, your anti-Deepbit percentage comparisons along with your 'mine with me because...' posts were always an inspring read.....but in the end it's all bullshit as it were.

BE CLEAR AND POST WHAT PEOPLE ACTUALLY GET FROM YOUR POOL. Not what they get during each part of the ming process....THEN SUBJECT TO THIS AND THAT.....

WHAT IS THE FINAL WITHDRAWL RATE OF EACH SHARE ON YOUR POOL ?

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October 31, 2011, 06:14:30 PM
 #583

You are aware difficulty just dropped (as in < 12 hours ago).  The PPS rate now would be ~20% higher than yesterday.
Was that directed to me ? .....the one asking WHY HE IS NOT GETTING PAID ENOUGH ? AS IN A HIGHER RATE ?

Considering the Pool's current round is about 13.6hrs long and the rate is about 12 hours old...averaging doesn't even work as an argument.....especially with the Pool owner saying above, that the rate changed PRIOR TO THE LAST ROUND ENDING, yet I am still making less.

Code:
The last PPS was 0.0000317852781277
The current is     0.00003877729626660837
Am I missing something?  How are you getting less?
bitlane
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October 31, 2011, 06:15:35 PM
 #584

You are aware difficulty just dropped (as in < 12 hours ago).  The PPS rate now would be ~20% higher than yesterday.
Was that directed to me ? .....the one asking WHY HE IS NOT GETTING PAID ENOUGH ? AS IN A HIGHER RATE ?

Considering the Pool's current round is about 13.6hrs long and the rate is about 12 hours old...averaging doesn't even work as an argument.....especially with the Pool owner saying above, that the rate changed PRIOR TO THE LAST ROUND ENDING, yet I am still making less.

Code:
The last PPS was 0.0000317852781277
The current is              0.00003877729626660837
Am I missing something?  How are you getting less?
again, minus an additional 3%, correct ?

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October 31, 2011, 06:16:44 PM
 #585

You are aware difficulty just dropped (as in < 12 hours ago).  The PPS rate now would be ~20% higher than yesterday.
Was that directed to me ? .....the one asking WHY HE IS NOT GETTING PAID ENOUGH ? AS IN A HIGHER RATE ?

Considering the Pool's current round is about 13.6hrs long and the rate is about 12 hours old...averaging doesn't even work as an argument.....especially with the Pool owner saying above, that the rate changed PRIOR TO THE LAST ROUND ENDING, yet I am still making less.

Code:
The last PPS was 0.0000317852781277
The current is              0.00003877729626660837
Am I missing something?  How are you getting less?
again, minus an additional 3%, correct ?
Correct.
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October 31, 2011, 06:17:14 PM
 #586

Simple way to verify "full PPS amount before fees" is

PPS = (Block Reward)/(Current Difficulty)
PPS = (50.0)/( 1,203,728.07)
PPS = 0.000041537620702  or ~4154 satoshis.

http://dot-bit.org/tools/nextDifficulty.php


w/ 6.6% fee would be (0.93)(0.000041537620702) = 0.000038796137736 PPS.
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October 31, 2011, 06:18:42 PM
 #587

Simple way to verify "full PPS amount before fees" is

PPS = (Block Reward)/(Current Difficulty)
PPS = (50.0)/( 1,203,728.07)
PPS = 0.000041537620702  or ~4154 satoshis.

http://dot-bit.org/tools/nextDifficulty.php

I knew all that......PLEASE EITHER USE QUOTE OR ADDRESS THE PERSON YOU ARE POSTING IN REGARDS TO.
I laid all that out above....the BTC share price, anyways.

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October 31, 2011, 06:20:25 PM
 #588

Simple way to verify "full PPS amount before fees" is

PPS = (Block Reward)/(Current Difficulty)
PPS = (50.0)/( 1,203,728.07)
PPS = 0.000041537620702  or ~4154 satoshis.

http://dot-bit.org/tools/nextDifficulty.php

I charge a 6.6% amount on PPS plus a tax of 3% that totals almost 10% this was discussed earlier in this thread.
https://bitcointalk.org/index.php?topic=33612.msg591138#msg591138

I charge a 6.6% amount on PPS plus a tax of 3% that totals almost 10% this was discussed earlier in this thread.
https://bitcointalk.org/index.php?topic=33612.msg591138#msg591138
bitlane
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October 31, 2011, 06:21:59 PM
 #589

DavinciL, please add the following, along with completing it....to the FIRST POST.

OCT31, 2011 PPS FEE - 0.000041537620702
NMCBIT POOL FEES:
3% withdrawl fee
6.6% PPS fee
etc.
etc.
NMCBIT MINERS ARE SUBJECT TO A TOTAL OF x.xx% IN FEES.

Final PPS NMCBIT =

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October 31, 2011, 06:23:00 PM
 #590

WHAT IS THE FINAL WITHDRAWL RATE OF EACH SHARE ON YOUR POOL ?

bitlane
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October 31, 2011, 06:28:12 PM
 #591

Another thing quite funny is the fact that the ONLY PERCENTAGE reference on your Pool's homepage is the mention of a 3% redemtption fee.

This essentially makes your pool look like a 3% Pool.....NOT A near-10% Fee Pool.

It's quite easy to hide fees when simply listing a 5-decimal point value to miners who don't care to do the math themselves.

VERY DIRTY.

Be clear......

WHAT IS THE FINAL WITHDRAWL RATE OF EACH SHARE ON YOUR POOL ?
Not 'before this fee', or 'before that'.....

FINAL IN MY WALLET PPS BTC RATE = ...............

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October 31, 2011, 06:32:49 PM
 #592

DavinciL, please add the following, along with completing it....to the FIRST POST.

OCT31, 2011 PPS FEE - 0.000041537620702
NMCBIT POOL FEES:
3% withdrawl fee
6.6% PPS fee
etc.
etc.
NMCBIT MINERS ARE SUBJECT TO A TOTAL OF x.xx% IN FEES.

Final PPS NMCBIT =
I'm not following?  so I will try to write it out.

(50.0)/( 1,203,728.07) = 0.000041537620702
Minus 6.6%  = 0.00003877729626660837
Plus 3% tax on withdraw.  
Thus if you earned 1 share in PPS your balance would be...
0.00003878
If you could withdraw that amount the total transferred to your wallet would be...
0.00003762

I Hope that clears it up for you.

NOTE: Those are rounded values and are not accurate based on the shares you may have provided.
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October 31, 2011, 06:39:27 PM
 #593

Thus if you earned 1 share in PPS your balance would be...
0.00003878
If you could withdraw that amount the total transferred to your wallet would be...
0.00003762
Come on, really ? WHAT ELSE WOULD WE DO WITH A BALANCE ?

So, if I TRANSFER rather than WITHDRAW, the fee is NULL'd ?

Seriously.....

JUST BE STRAIGHT SO THAT USERS CAN MAKE A $$%% -to- %%$$ comparison of your pool against other's pools.

USERS see percentages.....that's it.
DeepBit is a 10% PPS Pool.
BTCG is a 5% PPS Pool.



3% is the fee, that will be given back many times to early adopters.  

Get it ? NMCBIT is a 9.6% PPS Pool.

NOT a 3% pool as the main page of this thread and the pool itself's main/home page would have users believe......

THAT is clear.

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October 31, 2011, 06:44:55 PM
 #594

Another thing quite funny is the fact that the ONLY PERCENTAGE reference on your Pool's homepage is the mention of a 3% redemtption fee.

This essentially makes your pool look like a 3% Pool.....NOT A near-10% Fee Pool.

It's quite easy to hide fees when simply listing a 5-decimal point value to miners who don't care to do the math themselves.

VERY DIRTY.

Be clear......

WHAT IS THE FINAL WITHDRAWL RATE OF EACH SHARE ON YOUR POOL ?
Not 'before this fee', or 'before that'.....

FINAL IN MY WALLET PPS BTC RATE = ...............


Thus if you earned 1 share in PPS your balance would be...
0.00003878
If you could withdraw that amount the total transferred to your wallet would be...
0.00003762
Come on, really ? WHAT ELSE WOULD WE DO WITH A BALANCE ?

So, if I TRANSFER rather than WITHDRAW, the fee is NULL'd ?

Seriously.....

JUST BE STRAIGHT SO THAT USERS CAN MAKE A $$%% -to- %%$$ comparison of your pool against other's pools.

I am not being dirty the system is designed that way, in order to give you what you want I would have to totally rewrite the payment system and I can't.  Thus I can't give you an exact PPS fee after tax because of rounding would not give you a correct official value.

The system was designed to be proportional only, PPS was a hack job and this was the only thing I could do.  I hope you understand.
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October 31, 2011, 06:46:38 PM
 #595

WITH EVERYTHING CONSIDERED, I DON'T CARE ABOUT DECIMAL'd TOTALS......PERCENTAGES ONLY.

Get it ? NMCBIT is a 9.6% PPS Pool. The current OCT31, 2011 PPS FEE - 0.000041537620702

Users get 0.000041537620702 MINUS 9.6%

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October 31, 2011, 06:55:13 PM
 #596

WITH EVERYTHING CONSIDERED, I DON'T CARE ABOUT DECIMAL'd TOTALS......PERCENTAGES ONLY.

Get it ? NMCBIT is a 9.6% PPS Pool. The current OCT31, 2011 PPS FEE - 0.000041537620702

Users get 0.000041537620702 MINUS 9.6%


I'm not trying to hide anything if you head over to deepbit's front page you see this...
Code:
We pay a competitive price:
Pay per share: 0.00003739212601047 BTC per every submitted share
Proportional: your part of every solved block less 3% fee

I see nothing about 10% fee on PPS only the 3% fee, so how am I doing something dirty?  I wanted to post just 10% total fee but that was confusing and inaccurate since there is a withdraw fee and all I think it was clear... you get the posted mount plus a 3% fee.  Thus some basic math would give you a total to your wallet PPS of around 0.00003762.

I am not sure how that's confusing.
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October 31, 2011, 06:58:20 PM
 #597

I am not sure how that's confusing.

Just so we can agree.

NMCBIT Fees:
- 6.6% PPS Fee (as you ponited out above).
- 3.0% Withdrawl Fee.
--------------------------
Total = 9.6% PPS Pool Fees.

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October 31, 2011, 06:59:18 PM
 #598

I am not sure how that's confusing.

Just so we can agree.

NMCBIT Fees:
- 6.6% PPS Fee (as you ponited out above).
- 3.0% Withdrawl Fee.
--------------------------
Total = 9.6% PPS Pool Fees.

Well actually it is 9.402% total fees.   Grin
bitlane
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October 31, 2011, 07:00:39 PM
 #599

I am not sure how that's confusing.

Just so we can agree.

NMCBIT Fees:
- 6.6% PPS Fee (as you ponited out above).
- 3.0% Withdrawl Fee.
--------------------------
Total = 9.6% PPS Pool Fees.

Well actually it is 9.402% total fees.   Grin
LOL.... atleast I know that jab was directed at me this time Wink
thanks for using quote to help me stay less confused....hehe

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October 31, 2011, 09:05:50 PM
 #600

I am not sure how that's confusing.

Just so we can agree.

NMCBIT Fees:
- 6.6% PPS Fee (as you ponited out above).
- 3.0% Withdrawl Fee.
--------------------------
Total = 9.6% PPS Pool Fees.

Well actually it is 9.402% total fees.   Grin
LOL.... atleast I know that jab was directed at me this time Wink
thanks for using quote to help me stay less confused....hehe
For you I will call it a 10% fee and the extra you get is a bonus. Smiley
fair enough.
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