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Author Topic: Hey doubleC  (Read 1166 times)
Mousepotato
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August 26, 2011, 03:05:07 PM
 #1

Any chance of lowering the SC pool fee from 5% down to 3% to match that of your IX pool?  I really like Bitparkings pools, but the BTC's ~1.6% fee is looking pretty attractive.

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Tasty Champa
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August 26, 2011, 06:15:07 PM
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Any chance of lowering the SC pool fee from 5% down to 3% to match that of your IX pool?  I really like Bitparkings pools, but the BTC's ~1.6% fee is looking pretty attractive.

do you get special numbers for being a girl?

what are these numbers you speak of?
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August 26, 2011, 10:31:32 PM
 #3

The pool fee %?

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Tasty Champa
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August 26, 2011, 11:55:03 PM
 #4

The pool fee %?

OH!
I completely misread your post.
Ya know, the way these pools are setup, the people with the most hashes dwarf everyone else.
So if you find a block, they get it.  Wink
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August 27, 2011, 12:02:46 AM
 #5

OH!
I completely misread your post.
Ya know, the way these pools are setup, the people with the most hashes dwarf everyone else.
So if you find a block, they get it.  Wink

All a pool does is diminish the frequency variance between finding a block.  While you might only get a fraction of a coin, in the end you'll be finding blocks so often that you'll end up with the same amount of coins as if you were mining solo and finding blocks on your own, more or less.  And no, you don't get special rates for being a girl, I already checked Wink

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doublec
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August 27, 2011, 12:27:30 AM
 #6

Any chance of lowering the SC pool fee from 5% down to 3% to match that of your IX pool?  I really like Bitparkings pools, but the BTC's ~1.6% fee is looking pretty attractive.
The pool pays out on orphans. I think it's the only pool that does that. The fee is higher to help cover that. There are plenty of other pools if you prefer a different payout mechanism.
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August 27, 2011, 12:31:10 AM
 #7

He stated earlier that he lost money on both ixcoin and i0coin, running the pool and exchange and that is why the fee is so high. When other pools opened with lower fees, he gladly advertised them.

I suspect that he is doing better on solidcoins than i0coins/ixcoins and probably could lower the fee, but that doesnt seem dependent on what other pools are doing

mooo for rent
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August 27, 2011, 12:33:04 AM
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The pool pays out on orphans. I think it's the only pool that does that. The fee is higher to help cover that. There are plenty of other pools if you prefer a different payout mechanism.

Ah, I did not know that.  Fair enough then, thanks!

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doublec
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August 27, 2011, 12:36:02 AM
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I suspect that he is doing better on solidcoins than i0coins/ixcoins and probably could lower the fee, but that doesnt seem dependent on what other pools are doing
No, the pool is still running at a loss. As of this writing it has found 9,125 blocks. That's a total of 292,000 SC. At 5% fee that's 14,600 SC income for the pool. Of those blocks 509 were orphaned. That's 16,288 SC paid out to users in orphan blocks that the pool did not receive. So the pool is running at a 1,688 SC loss. That's about 50 BTC worth or $400 USD at current value.
joulesbeef
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August 27, 2011, 02:07:21 AM
 #10

damn really doubleC.. that sucks. we are glad you are there. Maybe a higher fee or stop paying them orphans.

mooo for rent
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August 27, 2011, 02:24:47 AM
 #11

Damn, DoubleC.  Thanks for all the hard work you put into the pools and exchanges.  Now I feel dumb for making this thread  Embarrassed

Mousepotato
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