[POOL][Scrypt][Scrypt-N][X11] Profit switching pool - wafflepool.com

[WaffleMaster]

Brand new register, have been lurking a long time though. I made an account just to say this is literally the best pool ever, in a lot of regards. Other pools HAD A PAYMENT DELAY TOO. I know because I had an unpaid balance in one of the competitors of this site, which also has a HUGE reject rate, to the point where people constantly lose 10-20% OF THEIR MH/s. Best pool = wafflepool no competition. Plz no raise the feearino broerino

[1714704796]

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[1714704796]

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[Phantomf]

When one is being paid multiple times a week even when the occasional payment is late I don't see the problem, I'd personally be against the fee rise just to stabilize the payment schedule. Although the slush fund is a great idea I can personally wait 6 months.

+1 for all the whiners you don't like it there's the door!

[ungaro59]

I think it is important if there is a problem like this is to communicate like you did. After, that payment is delayed, it is not serious ..

[phzi]

I have no problem with an occasional delayed payout - PoolWaffle always comes thru.

That said, I would be happy to see the fee raised a bit - to maybe 1.5% or 2%.  Seems more then fair, and still the lowest I have seen (specifically when nobody offers a truly comparable service right now). PW having more $ on hand to potentially expand operations, handle late payments, or whatever, just sounds like a decent idea.

Poolwaffle any chance you could start posting these tidbits on the reddit as well, I know it is a pain having to post on a hundred sites but would be great to not have to read 40 messages just to see what's happening. Sorry to be a bother.

Reddit is way more annoying to following, IMO.  It takes a whopping few minutes a day to scan thru the new posts in this thread, and keeps everything centralized.  I am glad PW keeps his communication here - I am sure it kills less of his time.

[bigblind]

Wow... could you stop cry?

It is not PWs fault in any way. He is doing great. Been mining on MC until a week ago and PW is doing so much better.
You get your coins. Just keep calm and don't spam the chat and don't switch into retarded-mode like everybody did in MC's thread.

Thank you PW for providing us such a nice pool. Keep it on.

[tagore]

For the whiners...just remember if this was MC you would have had NOTHING in the way of dialogue or communication about the payment delays. This pool has only been live for just over 4 weeks and is still finding its feet. Please keep childish foot stomping out of this thread if we want PW to remain communicative.

 If you want more exact payout times, we can do that, but it comes at a (short term) cost.  If you'd rather not pay a slightly higher fee (understandable), thats perfectly fine, but if we have times like the past 2 days, where payouts are delayed from something outside of my control, thats something we'll just have to wait through.  Moving to multiple exchanges mitigates it slightly (and something I'll look into), but doesn't fix the problem completely.

                  Just my point of view,  I dont care at all if I get paid every 3 mins or 3 hours or 3 days, as long as I get paid. What I want is a good profit form the pool.   I dont really understand  the rush of some people to get paid instantly and complain about the pool, when the problem is not even from the pool, is from the exchange.     Anyway it seems we humans like to complain all time about everything, that just show how happy and satisfied we are with our poor lifes.

         Lets just enjoy this pool, small fee, good profit, all good and happy.

[jimprofit99]

I have no problem with an occasional delayed payout - PoolWaffle always comes thru.

That said, I would be happy to see the fee raised a bit - to maybe 1.5% or 2%.  Seems more then fair, and still the lowest I have seen (specifically when nobody offers a truly comparable service right now). PW having more $ on hand to potentially expand operations, handle late payments, or whatever, just sounds like a decent idea.

Poolwaffle any chance you could start posting these tidbits on the reddit as well, I know it is a pain having to post on a hundred sites but would be great to not have to read 40 messages just to see what's happening. Sorry to be a bother.

Reddit is way more annoying to following, IMO.  It takes a whopping few minutes a day to scan thru the new posts in this thread, and keeps everything centralized.  I am glad PW keeps his communication here - I am sure it kills less of his time.

The occasional delay is not the problem here... but having some guys paid while other not!!!  If you are running a business and pay half of your employees, I can guaranty you that you'll have to deal with a strike the next day.  I just try to say that every miner should be treated the same way, without randomly picking people or something like that!  If only 50% can be paid you delay the payout for everyone or pay everyone a half payout.  It's just accounting.

Anyway, thanks for the payout, and I'm looking forward for the final explanation from cryptsy, they so often have issues that they become expert in justifications and other excuses.

[dmc82]

You should raise your fees to 2%. Especially if you earn only 0.4%.
It would be great id you can mine the best and most profitable coins for us to get 0.01+ btc per mh/s a day for us.

Thank you for the hard work!
There are a lot of whiners here..

[razamit]

What is the wafflepool api address?

[phzi]

The occasional delay is not the problem here... but having some guys paid while other not!!!  If you are running a business and pay half of your employees, I can guaranty you that you'll have to deal with a strike the next day.  I just try to say that every miner should be treated the same way, without randomly picking people or something like that!  If only 50% can be paid you delay the payout for everyone or pay everyone a half payout.  It's just accounting.

Anyway, thanks for the payout, and I'm looking forward for the final explanation from cryptsy, they so often have issues that they become expert in justifications and other excuses.

I simply do not understand your logic... I would be saying the same thing if I got paid or not, which is 'as long as I get paid eventually...'.  Somehow I think you wouldn't be bitching if you were one of the people that got a payout.

Anyway, PW isn't running a business paying employees.  He's paying contractors - and lots of companies delay paying certain contractors for whatever reason.  So you're analogy doesn't hold water, sorry.

[poolwaffle]

What is the wafflepool api address?

http://wafflepool.com/tmp_api?address=XXXXX
Please be nice to it

And just to make sure its said again, its only a temporary API.  It hasn't been changed yet, and there aren't plans to change it in a non-compatible way.  But if it does change/break, you knew ahead of time it was temporary

[poolwaffle]

The occasional delay is not the problem here... but having some guys paid while other not!!!  If you are running a business and pay half of your employees, I can guaranty you that you'll have to deal with a strike the next day.  I just try to say that every miner should be treated the same way, without randomly picking people or something like that!  If only 50% can be paid you delay the payout for everyone or pay everyone a half payout.  It's just accounting.

Anyway, thanks for the payout, and I'm looking forward for the final explanation from cryptsy, they so often have issues that they become expert in justifications and other excuses.

I'd actually like to move _more_ towards a system like this.  Right now, withdrawals from exchanges are still manual, so payouts are still manual.  Ideally in the future, we'll be running a payout cron every hour or so, and it will pay users in order of who hasn't been paid in the longest time, up to the amount that we have in the account at the time.

The reason for this is just to keep a smaller amount of btc in our accounts as much as we can.  Not that security is in question, but the less time that I have the btc in my possession (wallet) the better off I feel.  Its either in the exchange (ideally want to minimize this as well - but thats a different discussion), and if they get hacked, you guys can be pissed at them.  Or its been sent immediately, and if you (the miner) gets hacked, again, you can't be mad at me.

The issue with moving to something like this, is because earnings are essentially immediate, and withdrawals can take some time (especially if we move to multiple exchanges), we will very rarely have on hand enough to cover _everyone_ that should be paid on an hourly basis.  I feel that a queue based system would be extremely fair, and accomplish the goals of getting miners paid as fast as possible, and holding coins as little as possible.

Essentially payouts would be queue based.  As soon as you reach the minimum payout threshold (0.01 currently), you would be put at the end of the queue (and continue to earn coins until paid obviously).  The payout script would see how much it has available to send, and pull that number of people off the front of the queue, pay them, and go back to waiting for another withdrawal to hit the server.

This is essentially the exact same way that Eligius pool works for bitcoin (except as coinbase transactions, rather than payout scripts), and I like the way that it is done.

Thoughts?

[The Fat Miner]

What is the wafflepool api address?

http://wafflepool.com/tmp_api?address=XXXXX
Please be nice to it

And just to make sure its said again, its only a temporary API.  It hasn't been changed yet, and there aren't plans to change it in a non-compatible way.  But if it does change/break, you knew ahead of time it was temporary

I quoted you just so you might notice , I wanted to know are the profits from all the coins on each server shared equal for our hash rate irrelevant of which server we connect to ?

Hope you can help thanks.

[poolwaffle]

I quoted you just so you might notice , I wanted to know are the profits from all the coins on each server shared equal for our hash rate irrelevant of which server we connect to ?

Quoting doesn't matter

They are shared completely equally.  All shares from endpoints get sent to a master collecting server, which handles the rest (aggregation, block find stats, earnings, etc).

[WaffleMaster]

PoolWaffle, I think such a system would constitute a fee increase. As it stands now with the current system, I think 1% is grand and fair for all parties involved. Implementing that sort of script system though, 2-3% fee increase would be well earned. Maybe 2.5% after that is debugged

[The Fat Miner]

Quoting doesn't matter

They are shared completely equally.  All shares from endpoints get sent to a master collecting server, which handles the rest (aggregation, block find stats, earnings, etc).

Ohh so if I connected to the euro server and they are mining world coin or whatever and the California server is mining doge I will still receive share of profits from doge ? That's great to know because Middlecoin wasn't fair like that and a lot of people lost out at certain times , Including myself because we was on the Asia server.

Speaking of which are you planning on implementing an Asia server ?

Thanks very much for the reply PoolWaffle, And thanks for letting everyone know what the current status of the pool is etc earlier.

[Zoella]

Eligius is where I point my BTC rigs and I'm very happy with the payout solution there. I would have no problem with a similar arrangement here.

[phzi]

Queue payout style system sounds smart to me.  And I also agree that a fee increase would be warranted, should this be implemented.

[Rock6.3]

1% fee is ideal.

Perhaps move to 2X per day payouts to not hit the cryptsy hot wallet limit?

And a dedicated forum for interaction with multiple threads instead of a mega thread please!

[igroock]

Current system is just fine. Wait for your money, you will get it. The end.