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Author Topic: [204 GH/s] yourbtc.net closing it's doors on 2011-12-08  (Read 17797 times)
Inaba
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December 08, 2011, 06:14:00 PM
 #221

Man, sorry to see your go urdestroyer.  The only other banner waving in the DGM camp Sad 

Hope all goes well for you.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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Meni Rosenfeld
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December 08, 2011, 08:10:05 PM
 #222

A sad day indeed. This pool seemed poised to become the new star. I completely sympathize with your situation though, I only wish more people would realize running a pool properly is serious business.

The only other banner waving in the DGM camp Sad
No need to give up hope, I know of at least 2 pools which are considering switching. PPLNS is also fine, as is PPS if the fees are kept reasonable. There's a promising new pool in the PPS scene, though it seems it wasn't announced here so I'm not sure I'm at liberty to mention it.

When the poolserver has been shut down, the pool will generate additional "pseudo blocks" on current difficulty until your credit reaches less than 0.00000001 BTC.
So you will receive some additional payouts, just like you would have stopped mining for a while.
You are doing it wrong (I mean, this can work too, but there's a proper way to do it). From each miner's score you can calculate his expected pending payout. If the pool closes you need to pay this amount to everyone (like cashout, but with no fee since it is you who initiated the shutdown). By so doing you are paying back the stochastic loan you took from miners when you started the pool. The pool was a model for DGM in life, let it be one also in death.

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Internet151
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December 09, 2011, 12:24:43 AM
 #223

Wow I'm really bummed out to see this pool go.

Are there any other pools out there with merged mining that automatically exchange namecoin to bitcoin for you?
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December 09, 2011, 12:30:19 AM
 #224

Wow I'm really bummed out to see this pool go.

Are there any other pools out there with merged mining that automatically exchange namecoin to bitcoin for you?

Eclipse does this also and they have the same payout system.
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December 09, 2011, 08:08:40 AM
 #225


it does take time, and for small reward
shame to see you go, yourbtc was looking like taking off
all the best with your future endeavours urstroyer
Graet

p.s. PM sent

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
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December 09, 2011, 08:07:06 PM
 #226

Thanks @all

I already received a couple of messages from people who are interested in either continue running the pool or interested in the pool frontend.

So i decided to make the pool frontend open source and public so everyone can use and customize it. It will take a couple of days until it's ready to be published.

The software is designed for Double Geometric Method only as it comes and the variables f, c and o can be set as you like.

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December 11, 2011, 02:43:51 AM
 #227

Thanks @all

I already received a couple of messages from people who are interested in either continue running the pool or interested in the pool frontend.

So i decided to make the pool frontend open source and public so everyone can use and customize it. It will take a couple of days until it's ready to be published.

The software is designed for Double Geometric Method only as it comes and the variables f, c and o can be set as you like.

Please, let us know when and where you'll release the source code of the site...

EclipseMC pool growing!!! Reach 180GHash!

SMS and PayPal cashout enabled pool!!

Thanks!
Thiago

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December 28, 2011, 07:21:25 PM
 #228

Any word on releasing the source?  I'm still hoping someone will take over and continue development as this was really a fantastic pool.

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February 22, 2012, 12:17:18 AM
 #229

Quote
When the poolserver has been shut down, the pool will generate additional "pseudo blocks" on current difficulty until your credit reaches less than 0.00000001 BTC.
So you will receive some additional payouts, just like you would have stopped mining for a while.

Disappointing there's been no further word on the final payout, now that the site seems to have closed - hopefully it's not a case of taking the money and running...
Pontius
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February 22, 2012, 07:17:36 AM
 #230

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When the poolserver has been shut down, the pool will generate additional "pseudo blocks" on current difficulty until your credit reaches less than 0.00000001 BTC.
So you will receive some additional payouts, just like you would have stopped mining for a while.

Disappointing there's been no further word on the final payout, now that the site seems to have closed - hopefully it's not a case of taking the money and running...

What are you talking about??? The final payout ("psdeudo block") was done in December. There was a big announcement on the YourBTC.net frontpage for weeks...
Meni Rosenfeld
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February 22, 2012, 09:30:12 AM
 #231

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When the poolserver has been shut down, the pool will generate additional "pseudo blocks" on current difficulty until your credit reaches less than 0.00000001 BTC.
So you will receive some additional payouts, just like you would have stopped mining for a while.

Disappointing there's been no further word on the final payout, now that the site seems to have closed - hopefully it's not a case of taking the money and running...

What are you talking about??? The final payout ("psdeudo block") was done in December. There was a big announcement on the YourBTC.net frontpage for weeks...
I guess he meant there's no permanent record of this fact here on bitcointalk. But I guess you've just provided it.

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Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
Graet
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February 22, 2012, 09:48:30 AM
 #232

Any word on releasing the source?  I'm still hoping someone will take over and continue development as this was really a fantastic pool.

urstroyer allowed and helped Ozcoin to setup the frontend, we are continuing to develop it. Also we carried the NMC/BTC conversion over.

I will ask next I see him if he is planning to open source still Smiley

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