We're still to small in terms of total hashrate to mine some more difficult coins - there's no sense to keep this pool invitation-only
Payout for 2014-01-19 (UTC) sent:
https://blockchain.info/tx/16cb5936542f6029ef76e5fdca0b088e4e9f1e2fb796faaa24b1e88ac3d6b684Dear beta users,2014-01-20 will be the last beta day with the fixed 120% LTC profitability payouts, but this isn't a bad news as I believe you will be earning more post-beta. You can (and should
) still continue mining at my pool and you don't need to change anything - the current address will still work. Post-beta will differ in two significant ways:
You will earn what the pool actually earns minus my fee.This means no guaranteed minimum profitability, but also means that you can earn more than the current 120%. For example the beta period was more profitable than 120%. This generally means that if this trend continues (and I'm sure it will), you can expect to earn more. I will publish detailed stats about beta period profitability soon.
Payouts will be couple of times per day and as soon as altcoins are exchanged into BTC.We are mining altcoins which need to mature, then be sent to exchanges, then be exchanged to BTC, then withdrawn from exchanges. It all takes time and this time is different for different altcoins. During the beta I was paying you from my own money without waiting for all of this to complete. Post-beta you will simply get paid when exchanged BTC return from exchanges. For some part of your balance this will mean quicker payments than now (when the pool is mining altcoins that are quick to mature and exchange), for some part of your balance the delay will be longer. The pool website will provide very detailed stats so you will know what's the status.
Bonus payout for my great beta users!I want to thank you all for participating in this closed beta and for the feedback that you provided. I want to show my gratitude by sending you a bonus payout! As I wrote, the pool actually earned more than offered 120% profitability during beta period (some days were worse, but most days were better) - and the post-beta payout model will be more profitable for users. What I'm going to do is simply to apply post-beta payout model to all beta hashing since 2014-01-04. So you had guaranteed 120% LTC profitability and now you will have your payments top up to the actual profitability that the pool had! This will mean a few percent more over the current 120%.
What's next.2014-01-20 is the last beta day with current conditions (fixed 120% LTC). Then there will be the last manual and guaranteed payment after the day ends.
2014-01-21 will be paid based on post-beta conditions and will still be invitation-only. During this day automated payments module will be turned on and it will start paying exchanged balance couple of times a day. This is when the bonus payment will be sent - your balance at the start of the day will be equal to your share of what the pool actually earned since 2014-01-04 minus all your past payments since 2014-01-04 and the automated payments module will simply pay your remaining balance. During this day I'm going to test automated payments and I hope to finish the website with detailed stats and reports. You will get access to the new stats webpage as soon as it's ready.
I will also need to make some performance improvements before I let everyone in, but I'm not sure yet how long it will take. It's possible that I do it on 2014-01-21 as well, but it's also possible that I will need one more day.
Depending on the above, the public launch will be on Jan 22nd or 23rd and the pool will stop being invite only then.
