[ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool

[btc_dave]

What about the other missed payments?

[1714982745]

1714982745

[btc_dave]

Come on guys, that's ANOTHER missed payment.

2nd, 4th, 9th and 11th now, and we keep getting told that checks are happening, but with no further detail.


What the hell's going on?

[Peter_peter]

Personnaly I'm already out :/ Huge lack in seriousness and reactivity there....

[altcoinplex]

Hi guys,

Sorry for the lack of updates recently.

We in the midst of finding a more profitable coin to mine. We manage to find some few days ago. However, the withdrawal was slow thus affecting our payout.

But your payout wont be affected as any unpaid coin will be paid out the next day.

Thanks for the understanding.

The payout on 2nd and 4th was paid on the 3rd and the 5th.

[btc_dave]

Hi guys,

Sorry for the lack of updates recently.

We in the midst of finding a more profitable coin to mine. We manage to find some few days ago. However, the withdrawal was slow thus affecting our payout.

But your payout wont be affected as any unpaid coin will be paid out the next day.

Thanks for the understanding.

The payout on 2nd and 4th was paid on the 3rd and the 5th.

sigh

... and the 9th and the 11th?

On a couple of occassions you have posted the payout BTC/MH/Day.  If you posted this then we could see whether the payment was effectively made as part of a later payment.

As you're providing no information, we're left in the dark.

[altcoinplex]

Hi guys,

Sorry for the lack of updates recently.

We in the midst of finding a more profitable coin to mine. We manage to find some few days ago. However, the withdrawal was slow thus affecting our payout.

But your payout wont be affected as any unpaid coin will be paid out the next day.

Thanks for the understanding.

The payout on 2nd and 4th was paid on the 3rd and the 5th.

sigh

... and the 9th and the 11th?

On a couple of occassions you have posted the payout BTC/MH/Day.  If you posted this then we could see whether the payment was effectively made as part of a later payment.

As you're providing no information, we're left in the dark.

Hi btc_dave,

We understand that part. In the midst of improving our payout system, we actually focus on trying to get the best payout for the miners. Thus, the BTC might not be that accurate during this period so we didnt really post it as it can be misleading. 

Your stats page will show you the payout you are suppose to be getting, if today you didnt receive, it will be payout together with the next day.

We try to resolve the issue asap.

[MrCryptastic]

Any chance we are going to get a payout any day soon?

[OleOle]

Any chance we are going to get a payout any day soon?

Lol! It's like watching paint dry 

[MrCryptastic]

Yeah, tell me about it.  Sending payments and staying otherwise quiet is tolerable, so long as the profits are normal.  But to go dark AND not send payment for several days....on top of failing to deliver other promises....needless to say, my hash power has been moved.

[goodensy]

How do I setup different rigs using same payout address? Won't that cause VARDIFF issues?

[jrrsparkles]

Sorry for this extremely extremely late update! I was burying my head down in the redesign of the website before realizing that I have no talent or skills in that area. My past experience in building scalable architectures clearly didn't come in handy here. :-( This took up a significant chunk of our time over the past couple of weeks while we juggled with redesigning some of the components of our system to deal with our dwindling hashrates, from over 200 MH/s last month to around 4-5 MH/s today. In short, we now connect to larger alt-coin pools for coins with much higher difficulty, like dogecoin or litecoin, to try and ensure a more consistent payout for our users and fallback on our own stratum daemons for coins with lower difficulty. We have also recently deployed a new algorithm in our basket mining system which should see better profits in the forthcoming days (it is still experimental and being tweaked as we speak!).

We understand this is our fault for not communicating well with our users, you, and the community. We are extremely sorry about this and will work to improve on it. Altcoinplex and I will be much more active in this forums henceforth and provide better clarity of our operations to you.

What happened with the delayed payouts, of around 1 payout every 2 to 3 days was due to an unfortunately series of events. Our coin switching mechanism decided to mine Auroracoin for a couple of days which takes almost 36 hours for the coin to mature and transferred to our exchange before we could convert it to BTC. When we realised this, we manually intervened into the coin switching mechanism to lower the mining on Auroracoin and set it to mine other alt-coins. As the backlog from the Aurora coins began clearing and we were ready to do another round of payouts, our primary exchange decided to perform maintenance on their BTC wallet and thus prevented us from doing payouts again. The final amount that our miners received shouldn't be affected, only delayed as it was.

This same exchange prevented us from doing payouts in the previous few days due to issues with BTC withdrawals and are attempting to freeze BTC accounts, as such, we decided to go with the lesser evil of trading our BTCs to DOGE, transfer to a separate exchange that we also use, trade it back to BTC at a loss, but at least guarantee our users receive their payouts. [http://stats.altcoinplex.com/poolstats.html]

This exchange has been removed from our list of exchanges that we use until they fix their problems, and we sincerely apologise for causing any distress to our users.

We messed up, we will try our best to fix it!

[jrrsparkles]

How do I setup different rigs using same payout address? Won't that cause VARDIFF issues?

No it shouldn't. Each connection is treated separately. VARDIFF works by the stratum-server considering the approximate hashrate of each connection. If you submit too many hashes within an interval, it decides the hashrate is too low and increases it incrementally until a rate acceptable by the pool operator. If it determines you are submitting too little hashes within an interval, it will decrease the difficulty accordingly.

[btc_dave]

Thanks for the update, it was greatly appreciated and the website update is very welcome too.

One thing I'm a bit confused by though is the Pool Average Hashrate which is about 1.1MH/s.

This is basically my current average hash-rate so am I the only person in the pool at the minute!?

[jrrsparkles]

Hi Dave,

Thanks for sticking it out with us! The past couple of weeks have been rough, and we're working to improve!

First up, there was a sudden drop in our pool hashrate since early this morning which we are currently investigating with one of our good friends and fellow miner, becks619, whose account is at http://stats.altcoinplex.com/users/bitcoin/1MjNG9pGippwTSHraPnB1MBKwjr4q2ykiY.html

It appears one of our upstream pools caused his client to reconnect directly to their pool instead of going through to us. This caused his client and our test rigs to mine directly to them instead.

Can you please check if your client is currently connecting to pool.altcoinplex.com:5555 or another ip? His rig and our test rigs were told to reconnect to 198.27.xx.xx, which is the upstream server's ip address, and bypasses our servers. Thus, we are unable to properly attribute the hashpower to our miners, as we don't get credited properly for the mining by our upstream pools themselves.

As a precaution, we have filtered such messages,  "client.reconnect", from our upstream pools, as they are allowed in the stratum protocol, and prevent them from being sent to our miners directly.

[btc_dave]

Hmmm, I'm connected to 190.97.165.179.

Should I restart cgminer?

[jrrsparkles]

Hmmm, I'm connected to 190.97.165.179.

Should I restart cgminer?

Yes. It seems they got all our users mining on them to connect directly to their server instead.

[btc_dave]

Done.

Now connected to pool.altcoinplex.com

[jrrsparkles]

Done.

Now connected to pool.altcoinplex.com

Thanks! :-)

[jrrsparkles]

Due to the low hashrates in our pool, we will be postponing tonight's payout until tomorrow.

Due to a combination of factors, 1) we use multiple exchanges, 2) we basket mine multiple coins at the same time, 3) low hashrates, our available balances in the exchanges, viewable at http://stats.altcoinplex.com/poolstats.html , is currently under the threshold allowed to be withdrawed. We'd have to wait at least until we are above the threshold before we can payout. We hope for your understanding!

[Powerfred]

Hey there,
you should probably edit your opening post regarding that payouts in Lite- and Dogecoin are no longer available. There are currently 5 Dogecoin addresses in the Pool Users Statistics (including one of mine ) and it took me some time to find the announcement.
Other than that, good luck in the future