[ANN][POOL] Mining Pool Hub - Multipool. Multialgo, Auto Exchange to any coin.

[miningpoolhub]

miningpool charge a small fee of .9%. It doesn't use pay per share but something else.

Where can I learn more about that something else

miningpoolhub uses PPLNS.

So you are using PPLNS

What is N?

Is it constant no matter what difficulty is or is it always 1/2difficulty?

In other word do we get more share if we mine when difficulty is low (as it should be?)

N is dynamic value gathered average of last few blocks.
It is sum of total shares that will be calculated for certain block. It is not related to difficulty actually.

You would find more info from http://give-me-coins.com/support/faq/what-is-pplns/

Yeah you should get more when difficulty is low. PPLNS works as expected, in common sense.
It's the most smart way to distribute rewards these days.

[miningpoolhub]

How economical is to set auto exchange of ZEC to BTC?
Apart from pool fee of 0.9% and autoexcghange fee of  0.2% are there any other fees applied?
Thanks.

Exchange site's fee is applied.
autoexchange 0.2% includes withdrawal tx fee from miningpoolhub.

[Xardas2014]

@miningpoolhub How feasible would it be for you to add an extra layer of anonymity to the coins mined, similar to a bitcoin mixer? This pool already works similar to a mixer in that it combines mined coins and sends them to an exchange, the BTC comes back to one wallet and is then distributed to users.

I realize users wanting higher anon would need to register a new account, using an email completely unassociated to them and only access that mined account in a secure fashion(such as through Tails and Tor browser). What got me thinking about higher anon security was a client that wanted his rigs to be running Tails, but he settled on Whonix instead.

I don't know your specific setup but think you said you use AWS, which could theoretically be seized. I suppose that if your "payout" wallet and all related equipment was in a more secure location(meaning not easily subpoenaed/seized by the USA or such) then a mixer type service could be done.

Depending on how much trouble it is to set up securely, a mixer would be a value added service to the pool users Any thoughts?

[johiro]

Could you implement Zdash mining in your pool?

[pornluver]

miningpool charge a small fee of .9%. It doesn't use pay per share but something else.

Where can I learn more about that something else

miningpoolhub uses PPLNS.

So you are using PPLNS

What is N?

Is it constant no matter what difficulty is or is it always 1/2difficulty?

In other word do we get more share if we mine when difficulty is low (as it should be?)

N is dynamic value gathered average of last few blocks.
It is sum of total shares that will be calculated for certain block. It is not related to difficulty actually.

You would find more info from http://give-me-coins.com/support/faq/what-is-pplns/

Yeah you should get more when difficulty is low. PPLNS works as expected, in common sense.
It's the most smart way to distribute rewards these days.

The link that you gave me says:

The number N is currently for each blockchain twice the difficulty (actually rounded down to an easy to calculate integer value).

Basically I want to know whether the number of price you're displaying in miningpoolhub is a reflection of how much I will be making if I buy hash from nice hash and sell it to you. It is possible that difficulty is actually high.

However, because you just got tons of coins the number you display in front page of miningpoolhub is also high as if you're paying high.

My math shows that I earn 70% profit. Yet after everything is exchanged to BTC I am at a lost.

[pornluver]

Also is there a way to know history of transactions? For example, say I want to know how I lost money. Is it in difference of exchange rate, is it in this or that? Have my partner withdraw coins or not, etc.

[miningpoolhub]

@miningpoolhub How feasible would it be for you to add an extra layer of anonymity to the coins mined, similar to a bitcoin mixer? This pool already works similar to a mixer in that it combines mined coins and sends them to an exchange, the BTC comes back to one wallet and is then distributed to users.

I realize users wanting higher anon would need to register a new account, using an email completely unassociated to them and only access that mined account in a secure fashion(such as through Tails and Tor browser). What got me thinking about higher anon security was a client that wanted his rigs to be running Tails, but he settled on Whonix instead.

I don't know your specific setup but think you said you use AWS, which could theoretically be seized. I suppose that if your "payout" wallet and all related equipment was in a more secure location(meaning not easily subpoenaed/seized by the USA or such) then a mixer type service could be done.

Depending on how much trouble it is to set up securely, a mixer would be a value added service to the pool users Any thoughts?

I haven't heard about AWS to seize some proprietary service until now. Maybe DMCA related?
Anyway, it doesn't matter because I have backup of wallet file. I can distribute coins from other vendor servers easily.
Actually Zcash, Zclassic coins are already distributed from other server.
It's not difficult at all.

Miningpoolhub is currently using AWS, digitalocean, linode, and not-cloud vendor in asia. So I'm using 4 vendors, from global regions.

Anyone did not ask me about crypto transaction history to me until now.
I believe they(I don't know. maybe gov?) will target exchange sites than pools. Pool is quite small regarding its volume.
Also pool even doesn't know about miners. Pool didn't get any personal info like passport, phone number or address like exchange sites.
Only email address and login ip is logged for security and minimal functions.

Cryptocurrency is quite hard to trace fundamentally.
If you concern much about anon, maybe monero or dash payout would be better then.

Thanks.

[miningpoolhub]

Could you implement Zdash mining in your pool?

I'll look into it.
Thank you for suggestion.

[miningpoolhub]

The link that you gave me says:

The number N is currently for each blockchain twice the difficulty (actually rounded down to an easy to calculate integer value).

Basically I want to know whether the number of price you're displaying in miningpoolhub is a reflection of how much I will be making if I buy hash from nice hash and sell it to you. It is possible that difficulty is actually high.

However, because you just got tons of coins the number you display in front page of miningpoolhub is also high as if you're paying high.

My math shows that I earn 70% profit. Yet after everything is exchanged to BTC I am at a lost.

Well there's many many variation of PPLNS.
PPLNS is just method to distribute. Detail policies and numbers can be configured.

Currently miningpoolhub uses "average block shares" of last few blocks. As PPLNS length is dynamically defined, it depends time to time.
Also pool pays to miners who already left. Pool only concerns about PPLNS range and included shares from miners.
I tweaked and learned it from years of pool running.
I believe it's the most fair distribution.

You should check profitability from no normalized values.
https://miningpoolhub.com/?page=home&normalize=none

This is raw profitability values which is derived from real coin price and difficulty.
Keep in mind that nicehash fee is 3%, miningpoolhub mining fee is 0.9%, auto exchange fee is 0.2%. You should consider exchange site's trade fee and withdrawal fee as well.

If you don't make nicehash auto price moving robot, you will lose many times.
I heard from some miners that he made nicehash auto bot and make money from rental time to time.

[miningpoolhub]

Also is there a way to know history of transactions? For example, say I want to know how I lost money. Is it in difference of exchange rate, is it in this or that? Have my partner withdraw coins or not, etc.

You can view each coin's transactions at each pool's Transactions page.
All mining, withdrawal, exchange things are logged.

[miningpoolhub]

Vcash (beta) Mining Pool Hub

https://vcash.miningpoolhub.com
Vcash (beta) pool is open again


As fork fixed version 0.6.0.2 came out, opened vcash pool again.
It's beta. Auto exchange is disabled currently.

Thanks.

[manotroll]

How do you mine anonymous?
Why do some contacts appear stars?

[Xardas2014]

How do you mine anonymous?
Why do some contacts appear stars?

https://miningpoolhub.com/?page=account&action=edit
People with stars are probably donating to the site.

[pornluver]

So this is real coin value that takes into account only difficulty and price

https://miningpoolhub.com/?page=home&normalize=none

Hmmmmm...

How exactly do you set N in your implementation of PPLNS? So it seems that there will be some discrepancies between current difficulty and the amount of share we get. It is possible that difficulty is really low but we got low share or difficulty is high because we got high share. That's because your average time between last few blocks may have changed.

That's what I am concerned about.

If it's constant N = 2* difficulty or share is inversely proportional to difficulty then that number in https://miningpoolhub.com/?page=home&normalize=none will be directly comparable to numbers in nicehash.com

I get the impression that it's not always directly compatible

[btcinsight]

Hi

First of all, thanks for the great service and prompt answers.
I noticed that I have a significant ratio of invalid shares "Your Invalid" in dashboard (around 5%) while my miner shows almost 0 rejected shares. Do you know what might be causing this?
Thanks

[secondcomingwp]

Is there an issue with the monero pool at the moment, I have several workers which keep getting socket closed errors and they are showing as inactive on the workers page (even though they do seem to be reconnecting and submitting eventually).

[skyline_king]

Is there an issue with the monero pool at the moment, I have several workers which keep getting socket closed errors and they are showing as inactive on the workers page (even though they do seem to be reconnecting and submitting eventually).
[/quote

yes i think there is i am getting no shares sent and this is stats page
Last Hour   30   0   0   0   0   0   0   0.00%   0   0.00%

[miningpoolhub]

How do you mine anonymous?
Why do some contacts appear stars?

It's anonymous by default.
You can set anonymous option on/off at "Edit Account" page
https://miningpoolhub.com/?page=account&action=edit
You will see "ANONYMOUS ACCOUNT" section

Star is shown for donating miners.

[miningpoolhub]

So this is real coin value that takes into account only difficulty and price

https://miningpoolhub.com/?page=home&normalize=none

Hmmmmm...

How exactly do you set N in your implementation of PPLNS? So it seems that there will be some discrepancies between current difficulty and the amount of share we get. It is possible that difficulty is really low but we got low share or difficulty is high because we got high share. That's because your average time between last few blocks may have changed.

That's what I am concerned about.

If it's constant N = 2* difficulty or share is inversely proportional to difficulty then that number in https://miningpoolhub.com/?page=home&normalize=none will be directly comparable to numbers in nicehash.com

I get the impression that it's not always directly compatible

N is average of last few block's share sum.
354 block height's block sum 100
355 block height's block sum 110
356 block height's block sum 200
357 block height's block sum will be ((100 + 110 + 200) / 3) = 136
If 357 block height's block sum was 200, then first 64 shares will be skipped and only 136 shares from backward will be calculated.
It's just rough calculation to describe what's happening at PPLNS. It's much more complex calculation.


I think you are concerned about fair distribution. It's quite fair because pool distributes to miners according to their time and difficutly.
You are collaborating and competing the block reward with other miners in same pool.


That number is compatible with nicehash.
Keep in mind that it's compatible by theory. It can be little bit different considering the fluctuation of mining reward and fees.
Nicehash's 3% fee is not small if you are willing to get 2% of profit difference.

[miningpoolhub]

Hi

First of all, thanks for the great service and prompt answers.
I noticed that I have a significant ratio of invalid shares "Your Invalid" in dashboard (around 5%) while my miner shows almost 0 rejected shares. Do you know what might be causing this?
Thanks

What coin are you mining?

Sometimes pool responds "Accepted" even if it's invalid share but satisfies some conditions.
I'll look into your account if you tell me your username or id.