Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB

[Biomech]

Wizkid eligius is a 1-man show? Why not hire an assistant?

Are you donating a salary to hire an assistant with?

Not at my current hashrate. Give me time

Seriously would if I could.

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[praeluceo]

Wizkid eligius is a 1-man show? Why not hire an assistant?

It's a 0% fee pool. I'm sure some people donate, and maybe they get some hardware from the bfgminer stuff, but I doubt it's enough to quite their day jobs, let alone hire extra staff. Perhaps a building too? With a personal assistant that makes espressos for Luke Jr. and Wizkid every morning when they come in to work in their suits and ties, set their briefcases down on their mahogany desks, flip through their roll-o-dex, and randomly call other CEOs to trash talk the "little fish" that they're about to squash under the might of their multi-billion dollar...zero fee Bitcoin pool.

Sorry, you got my imaginer going again. Gotta keep that sucker tucked away...

[Luke-Jr]

I haven't discussed this with wizkid057 yet, but I just wanted to get an idea of the community's thoughts on it:
What if Eligius had a mandatory 0.5% fee per every % of the network we get over 25%?
So 27% of the bitcoin network would make a 1% fee.
The fee would include existing donation %s (possibly disabled entirely for outside-the-automatic-system donors), so you could still direct where you wanted your portion used.

Opinions?

[Todamont]

I'd pay a 0.5% fee if it meant updated stats pages and 99% uptime. Not that I have terrashes to throw around or anything but I don't think it is unreasonable for pool maintenance. Hell, even at 0.1% that should generate some significant revenue.

[bitblazing]

Id pay the fee only if the stats work and arent down all the time. Also payouts would need to be prompt.

[shaxs]

Id pay the fee only if the stats work and arent down all the time. Also payouts would need to be prompt.

Same here as well.

[Biomech]

I haven't discussed this with wizkid057 yet, but I just wanted to get an idea of the community's thoughts on it:
What if Eligius had a mandatory 0.5% fee per every % of the network we get over 25%?
So 27% of the bitcoin network would make a 1% fee.
The fee would include existing donation %s (possibly disabled entirely for outside-the-automatic-system donors), so you could still direct where you wanted your portion used.

Opinions?

l already pay 1%. Got no issue with it being mandatory.

[bolverk]

I'm already donating 1%, so the concept doesn't offend me.  That said, Eligius has a scaling problem, possibly in hardware, but definitely in human cycles.  I have to think there's some happy pool members that are professionally employed in IT fields that might be willing to lend some time & expertise?  Quite frankly, there's probably quite a bit of benefit to be gained without every granting any of us unvetted types access to anything.  From analyzing SAR reports to identify architectural bottlenecks, to avid PHP'ers performing an audit of the stats code, perhaps even a DBA to make some performance suggestions to the database schema.

Just spitballing, of course.  Be nice to see how many here would be willing to throw their hat in the ring, assuming Wiz would be open to delegating a little...

[MrTeal]

I haven't discussed this with wizkid057 yet, but I just wanted to get an idea of the community's thoughts on it:
What if Eligius had a mandatory 0.5% fee per every % of the network we get over 25%?
So 27% of the bitcoin network would make a 1% fee.
The fee would include existing donation %s (possibly disabled entirely for outside-the-automatic-system donors), so you could still direct where you wanted your portion used.

Opinions?

I'm not opposed to the general concept, but I think the implementation would need to be tweaked. Either there would need to be an announcement, or some kind of scaling factors (like the donation % is the cube root of the increase over 25%). The variability could be too great otherwise; you could be set up running 0 fees at 23 or 24% of the network, and two days later find that KnC switched their 10% of the network back to Eligius while they did a major upgrade to their soloing software and you're now running at a pool with almost a 5% fee.

[Artheus]

I haven't discussed this with wizkid057 yet, but I just wanted to get an idea of the community's thoughts on it:
What if Eligius had a mandatory 0.5% fee per every % of the network we get over 25%?
So 27% of the bitcoin network would make a 1% fee.
The fee would include existing donation %s (possibly disabled entirely for outside-the-automatic-system donors), so you could still direct where you wanted your portion used.

Opinions?

Is the purpose of the fee to help fund the maintenance of the pool, or to restrict the pool from growing too large?  

[Luke-Jr]

I haven't discussed this with wizkid057 yet, but I just wanted to get an idea of the community's thoughts on it:
What if Eligius had a mandatory 0.5% fee per every % of the network we get over 25%?
So 27% of the bitcoin network would make a 1% fee.
The fee would include existing donation %s (possibly disabled entirely for outside-the-automatic-system donors), so you could still direct where you wanted your portion used.

Opinions?

Is the purpose of the fee to help fund the maintenance of the pool, or to restrict the pool from growing too large?  

Both. One idea might be to direct some amount of the funds toward completing GBT support so the pool can safely grow beyond 30% without hurting the network.

[TodaysGandalf]

I am also donating 1% (provided it hasn't been set back to zero) so I'm not offended.   Yeah, I'm musing, how does a technically "non-profit" organization scale?  Answer, donations toward specific projects.  You know, like the United Way building a new cafeteria for the deaf kids school... something like that.

If we want the pool to grow, give six-sigma reliability and one minute payouts, we need to donate toward projects supporting those goals.  It would be more work for all involved, but the case could be made to set up donation buckets for specific projects.  Ie. Project 1) Buy some kick-ass high power servers with gobs of SAN storage; Project 2, Pay a vendor to assist with installing said equipment; Project 3, Pay a minimal wage to a computer-major college student to monitor specific aspects of the pool software and hardware (while they do their homework) and train them to be able to react to certain situations.  The college kid gets priceless experience helping to run a cryptocurrency pool in a datacenter, we get a set of eyes on the health of the pool (that can do something about it) when Wizkid and Luke aren't available.  Wizkid and Luke would even get the opportunity to mentor someone in person!  <gasp!>  No time like the present to hone those leadership skills guys.  You've started a business, whether you are ready for it or not.

I think folks would get more enthused about stuff like that rather than just paying some percentage, not to mention the added financial transparency.  We'd see things like "Only 10.5BTC left to be donated and we can get the five XYZ Superservers with the 16 Exabytes of 2ms SAN storage!"

Other pools are only in it for the profit.  By running a zero fee pool we already know Wizkid and Luke have an altruistic streak. 

Another option is to go the Ghash.io route, sell shares of stock.

Let's think outside the box people.

I'd help in any way possible within the limits of my time and finances.

[Pcpoet]

I don't mind donating if it would help the pool to improve upon what it is. Maybe a faster payout would be nice. 

[shaxs]

Id pay the fee only if the stats work and arent down all the time. Also payouts would need to be prompt.

Same here as well.

Let me elaborate here. I am very new to mining. I started on the 13th and used Eligius to start based on a good reputation and stats page. Some of my mining equipment is shared/half paid for by a friend as part of a partnership. Being able for us to see the stats publicly for him is nice since the equipment is run at my house.

I also run a business so I understand paying for a service. I am perfectly fine to help pay towards maintaining the service, building it out properly, and heck even helping to compensate the people who put it together and run it. I appreciate the effort and hard work.

[shaxs]

On a sort of related note.... the FAQ page is down 

Now that stats are update I checked out the payment queue. I dont understand the process so I was looking at the FAQ page but alas. I have a few questions. Looking at the pool there are some people are months or weeks "old". Then there are 6, 5, 4, ect days old. Does this mean those people havent been paid out their balances in that time frame?

My stats say "1206.19151064 BTC are ahead in queue, putting this user's payout after a 48 block delay". What kind of delay is this going to cause? Finding myself in the overall payout queue, I am pretty far down there What kind of turn around should I be expecting to receive payout after I hit the minimum threshold?

Thank you for your help and answers.

[Rock6.3]

Stats page is down again with an

"Internal Server Error"

[raskul]

site totally fubar?

[Rock6.3]

site totally fubar?

eligius.st is not responding to pings. 
Server is either offline, or the network connection is broken.

[Pcpoet]

Stats page is down again with an

"Internal Server Error"

It's down again.

[raskul]

site totally fubar?

eligius.st is not responding to pings. 
Server is either offline, or the network connection is broken.

this is bad 
i've been mining alt SHA256 coins since this morning so my miners aren't pointing to eligius for now, can someone clarify if their miners are still hashing?