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Author Topic: [204 GH/s] yourbtc.net closing it's doors on 2011-12-08  (Read 17791 times)
urstroyer
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September 18, 2011, 01:56:21 PM
 #21

Feature Update

  • Personal API Key
  • Pool Estimated Payout
  • New Logo for yourbtc.net - special thanks to my girlfriend littlebug <3

I would love to hear some feedback if you have any wishes for more features or stats. Just tell me and i will make it happen!

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bizzy
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September 21, 2011, 08:31:25 AM
 #22

Pool seems to be down - 0 Mhashes and I can't connect...
urstroyer
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September 21, 2011, 11:42:22 AM
 #23

Pool seems to be down - 0 Mhashes and I can't connect...

Hi Bizzy,

pool is up and running again. I will investigate what caused this problem and fix it.

Sorry for this inconvenience, pool was unreachable for some hours today.

Therefore i will give away some btc from my own pocket later today according to all member who mined in the last 24 hours to cover your loss. Promise you won't have any disadvantages.

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September 21, 2011, 05:05:47 PM
 #24

All user were credited a bonus of 0.00003000 BTC per gen. valid share during the last 24 hours.
They are show in the right pane under "Pending Promotion Payout:".
As soon as we solve our first block, it will be payed as an additional bonus.

Sorry for this inconvenience, pool was unreachable multiple times today. Running stable again.

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September 21, 2011, 08:05:39 PM
 #25

Thanks! Am back mining again...
ChrisLandin
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September 22, 2011, 08:36:09 AM
 #26

Site and mining down bud.

Just to let you know, I was just about to rejoin but cant.

Chris
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September 22, 2011, 09:39:30 AM
 #27

Available again.

Sorry for that, i will add some bonus BTC as usual later today to make sure, you won't have a disadvantage from the outage.

I will get some technicial assistance tonight, so we will see a permanent fix soon. Keep you up2date.

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September 23, 2011, 06:22:02 PM
 #28

Pool is running perfectly stable now.

Giving away another 10 BTC for free. Just join mining and get 0.00001 BTC bonus each valid share up 1,000,000 shares.

If you are interested but quite not understand yet, how our payout system DGS works, feel free to visit our FAQ section: http://www.yourbtc.net/faq-page

Most user voted for additional stats, so i'am going to add some more this weekend.

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September 24, 2011, 05:18:24 PM
 #29

Nice pool. I'm testing it right now. A bit laggy...
bizzy
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September 24, 2011, 08:25:22 PM
 #30

Great promotions in this pool!

I notice the Estimated Payout graph totally changed over the last 24ish hours; previously it showed a slowly dropping expected value when my miners were idle (which I think made sense with the payout calculation method), but now it's like it's averaged over time and doesn't make as much sense to me. Are you able to explain how it works now? Thanks!
urstroyer
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September 24, 2011, 09:28:30 PM
 #31

Great promotions in this pool!

I notice the Estimated Payout graph totally changed over the last 24ish hours; previously it showed a slowly dropping expected value when my miners were idle (which I think made sense with the payout calculation method), but now it's like it's averaged over time and doesn't make as much sense to me. Are you able to explain how it works now? Thanks!

Thanks for your feedback. The Double Geometric Method with our settings your expected value per share is under the impact of an permanent exponential decay.

This means if you generate a share right now, it will loose it's value as soon more and more shares were generated. Of course the higher the hashrate of the pool, the decay will happen faster, because more share per second were submitted by the pool. Compared with PPLNS this lowers your variance because you don't have to be afraid, that your share will become instant worthless as soon as N more shares are generated.

Here is a graph, which compares our method with PPLNS:



Maybe you noticed, that the area below each curve is the same. This indicates that the total average payout is the same, only the distribution is different.

The following graph shows, that payout for you shares happens during over millions of generated shares and several rounds, compared to PPLNS where the full payout happens when a block is found.



I would like to thank Meni Rosenfeld, who invented this method, and made these visuals possible.

So, to answer your question, if the decay of your past shares is even to fresh generated shares and your graph is not going up, it could be because the hashrate in the past was higher than the hashrate you got right now. It really depends on some more circumstances like pool hashrate for example.

Hope this brings some light in the dark.

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September 25, 2011, 07:25:34 PM
 #32

First Block found! Congrats everyone!

Still over 50% of the 10 promotion BTC left! Time to jump in.

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September 26, 2011, 02:15:27 AM
 #33

Quote
I notice the Estimated Payout graph totally changed over the last 24ish hours; previously it showed a slowly dropping expected value when my miners were idle (which I think made sense with the payout calculation method), but now it's like it's averaged over time and doesn't make as much sense to me. Are you able to explain how it works now? Thanks!
Oops! Just realised I'd gone from looking at my User Estimated Payout to the pool Estimated Payout chart. All is good :-)

Would you mind explaining what this means on the pool website:
Rnd. Share Val.: 0.00025292

urstroyer
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September 26, 2011, 05:57:53 AM
 #34

Oops! Just realised I'd gone from looking at my User Estimated Payout to the pool Estimated Payout chart. All is good :-)

Would you mind explaining what this means on the pool website:
Rnd. Share Val.: 0.00025292

Yeah sure, here is a quick example:
We just started a new block and gathered 120,000 shares and the estimated pool payout at this time is 23 BTC.
23 / 120000 = 0.00019167

It should be called "current average value per share in this round" but that lenght doesn't fit into the header.

I have deceided to remove it yet, because the value would only be true if we find a block at the moment the value is displayed.

The final value per share can be viewed in your personal account under "Previous Rounds" when we know exactly how many shares were needed to find a block.

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September 26, 2011, 01:16:33 PM
 #35

Everyday another suprise:
Server seems to be offline atm. I've already called my server hoster, they are "investigating" that issue... Hope it will brb soon!

Update:
Problem is fixed. Seems like the whole datacenter was unreachable for about 2 hours.

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September 27, 2011, 10:25:33 AM
 #36

We got lucky today and solved a block within a quick round.

Double Geometric Method is working really great so far!

The average payout value per share and of round 2 was 0.00008079 BTC.

urstroyer
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September 28, 2011, 05:01:51 PM
 #37

I need your feedback for further pool improvements. Please give feedback if you like to:
http://yourbtc.net/content/upcoming-feature-poll-what-do-you-see-next

Still giving away free Google Music Invites if you are interested:
http://yourbtc.net/content/google-music-beta-invite-giveaway

urstroyer
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October 01, 2011, 02:41:00 PM
 #38

Our lucky strike goes on! Another block bites the dust.

The average payout value per share and of round 3 was 0.00003795 BTC.

We can still handle a bunch of new miners, i would love to see some new miners soon.

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October 05, 2011, 03:10:22 PM
 #39

News Update:
Our pretty young pool just solved block no. 4 a few hours ago. The average payout per share on block 148102: 0.00003789 BTC.

The pool is running a decent hashrate right now, so the average time to solve a block decreased.

We even got some new features:

* Worker Idle Notification
Can be adjusted on every single worker now.

* Payout Notification
Will be send everytime you receive BTC.

* Payout Address Change Notification
For improved security.

* Average Hashrate
Access over User Statistics -> Worker Lifetime

* Improve Geomap
Even more colors now. If you like other colors, let me know.

You are welcome to join us!

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October 06, 2011, 02:20:40 PM
 #40

I may sound like idiotic but? Is pure PPS stil best for slow miners with slow hashrates (under 100mhash). There are some PPS pools with 0%fee and they share full 50BTC/shares. So that should be best option? Right? Or do we get more advantage with DGM in long run? Im not sure if i understadn even single thing about DGM?
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