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Author Topic: [POOL] --- Coinotron --- RavenCoin PPS: 1.5% ----- PPLNS, RBPPS: 0% ---------  (Read 294369 times)
dri
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January 19, 2014, 08:28:21 PM
Last edit: January 19, 2014, 09:09:15 PM by dri
 #1181

I'm crossposting this from the newbie section of the forum ( https://bitcointalk.org/index.php?topic=422696 ), to allow for a meaningful discussion with the pool operator and long term users.




There seems to be a minimum payout of 0.3 LTC / 5 FTC. How much are you trying to withdraw?

By the way, it's really stupid of the pool to enforce a rather high fee (0.03 LTC) for withdrawals below the treshold of 1.5 LTC.
Imagine just 1000 small time miners keeping 1 LTC each on the site, just because of the high withdrawal fee. Thats 24k USD.

Two of the largest bitcoin pools got hacked last year and lost large amount of customer funds. One of the pool owners took a huge loan to repay his customers. The other pool operator? That remains to be seen.. Check out the 50btc thread for more details.

A serious pool should not have large barriers that results in excess accumulation of user balances in the pool wallet. I can't really see any usefullness in having fees (multiple orders of magnitudes larger than regular network fees) on withdrawals of balances larger than 0.5 LTC. 1.5 LTC is just stupid.
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January 25, 2014, 03:49:45 PM
 #1182

The minimum payout is to high for litecoin.
I think a new minimum of about 0.05 is about right.

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January 25, 2014, 07:04:27 PM
 #1183

The minimum payout is to high for litecoin.
I think a new minimum of about 0.05 is about right.

I'm considering reducing it to 0.1 LTC

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January 25, 2014, 07:07:22 PM
 #1184

I'll plus 1 that  Grin

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January 26, 2014, 09:54:56 PM
 #1185

coinotron, you're a thief.  you had a 0.1 withdrawal minimum on BTC.  I was close to that.  Then, I didn't mine for a month.  I come back, and there's no BTC mining and no BTC balance on my account.  I see a notice you gave for people to withdraw within a week, which I obviously missed, and might never have been able to withdraw with your minimum.  

I let it go because it's not a lot.  But, now I see you're trying to get others to use your pool?  Regardless of amount, I can't stand thieves!

Stay away, people.  This guy lacks integrity.  

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January 28, 2014, 12:57:43 PM
 #1186

coinotron, you're a thief.  you had a 0.1 withdrawal minimum on BTC.  I was close to that.  Then, I didn't mine for a month.  I come back, and there's no BTC mining and no BTC balance on my account.  I see a notice you gave for people to withdraw within a week, which I obviously missed, and might never have been able to withdraw with your minimum.  

I let it go because it's not a lot.  But, now I see you're trying to get others to use your pool?  Regardless of amount, I can't stand thieves!

Stay away, people.  This guy lacks integrity.  


Why didn't you just write to support? coinotron@gmail.com

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January 29, 2014, 10:45:45 PM
 #1187

I am using multiminer and keep getting an error for Terracoins.


What am I supposed to put in the miner?


Here is what I have:
Host: Coinotron.com
Port: 3335 (I just changed from 8332, I believe)
Worker Name: MYWORKERNAME
Password: MYPASSWORD

Thanks
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January 31, 2014, 12:27:50 PM
 #1188

I am using multiminer and keep getting an error for Terracoins.


What am I supposed to put in the miner?


Here is what I have:
Host: Coinotron.com
Port: 3335 (I just changed from 8332, I believe)
Worker Name: MYWORKERNAME
Password: MYPASSWORD

Thanks


You probably should use stratum+tcp://coinotron.com as host

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February 09, 2014, 05:29:46 AM
 #1189

Hello. I noticed a strange thing in DOGE payouts.
See screenshot http://prntscr.com/2qu8zx
Rounds 92849 and 92867 are almost equal in duration but the payouts are very different.
Also 92794 92795 looks strange.
As I understand RBPPS, if the pool's power is nearly constant and difficulty not changing the bigger duration of round leads to bigger payout because the cost of single share is constant (was 1.6 doge per 320-th diff share).
Am I right?
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February 10, 2014, 04:48:44 PM
 #1190

Hello. I noticed a strange thing in DOGE payouts.
See screenshot http://prntscr.com/2qu8zx
Rounds 92849 and 92867 are almost equal in duration but the payouts are very different.
Also 92794 92795 looks strange.
As I understand RBPPS, if the pool's power is nearly constant and difficulty not changing the bigger duration of round leads to bigger payout because the cost of single share is constant (was 1.6 doge per 320-th diff share).
Am I right?


Not exactly. In described situation there is still one thing that changes. It is a block value. Unlike other coins DOGE has variable (random) block value ( anything between 0 and 1,000,000 DOGE ). On average block value is 500,000 but it would be very risky to use that average value because of hoppers. Although block value is random its value for the currently being solved block is known. It is based on hash of previous block. That changes situation a lot. Many miners will mine only on high value blocks skipping all others.
I collected data  from about 300 blocks solved in Coinotron and guess what. Average value of Coinotron's block was 0.91 * 500000. That suggests that block value hoppers might exist!

So formula to calc share value uses actual block value known when block is found instead of constant average 500000 DOGE.

Same situation exists in PPC and FRC pools, though it has less impact because block value changes are quite small.

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February 13, 2014, 09:08:03 AM
Last edit: February 14, 2014, 12:38:49 PM by dogefan93
 #1191

I am using multiminer and keep getting an error for Terracoins.


What am I supposed to put in the miner?


Here is what I have:
Host: Coinotron.com
Port: 3335 (I just changed from 8332, I believe)
Worker Name: MYWORKERNAME
Password: MYPASSWORD

Thanks


You probably should use stratum+tcp://coinotron.com as host

Yes, thanks. That's working!
But I've jumped to Dogecoin. According GRAPHS it's more profitable!
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February 18, 2014, 12:11:51 AM
 #1192

DOGE payouts are suspended due to fork on the DOGE network.

Coinotron any updates, are the mined coins safe?

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February 18, 2014, 02:16:15 AM
 #1193

DOGE payouts are suspended due to fork on the DOGE network.

Coinotron any updates, are the mined coins safe?

Also curious. I moved back to coinotron (mined LTC for a while here) from fast-pool -- it was awesome for ~2 days before this problem.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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February 18, 2014, 10:43:18 AM
 #1194

I'd like an update on this too - with the proviso that the pool is on the right fork, there shouldn't be a problem, and it's for the clients to have the right wallet?

I've been on 1.5 and the correct fork for a while - from what I've briefly read, this isn't anything new, it's just that it would appear to have become a problem with some people (I guess because of Doge's status?) and they're taking a belt-and-braces approach. 

Still a bit annoyed as I've got 7000 in there I'd like to exchange (I've been mining doge and exchanging), which I cant and the price has dropped 10% while this has been on hold.

FTR - coinotron is generally fast and efficient; other pools I've been on are nowhere near as good, this is the first time I've had an issue.
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February 18, 2014, 05:00:41 PM
 #1195

FYI

Update on DOGE fork.

Yesterday and today Coinotron was all the time on right DOGE fork. Mining and your rewards are unaffected.

DOGE withdrawals are enabled. All pending payouts have been sent. I tested withdrawals to my personal accounts on Vircurex, Bter and Cryptsy. Balances were successfully credited. Also withdraws from all 3 exchanges worked.


If you are withdrawing coins to your personal DOGE wallet, please update it to the newest version before you release withdrawal.

Instructions how to update wallet you can find here:
http://www.reddit.com/r/dogecoin/comments/1y6tq2/wallet_152_is_now_available_for_download/

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February 18, 2014, 05:11:56 PM
 #1196

Thank you

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February 26, 2014, 12:48:19 PM
 #1197

I am a little confused here, is there some slight of hand?. or bad programming?


2014-02-26 08:46:52    DOGE    1017.14

http://dogechain.info/address/DTAAHcvP2QVgSR94nrjPfgUShv8CRxwaHt

4fd29c05…a45cdf7d    117339    2014-02-26 08:47:26    + 997.14057512    997.14057512    DOGE

http://dogechain.info/tx/4fd29c055d55bb9174826a0252d6619410786aab55836359988518a0a45cdf7d

4    Not yet redeemed    997.14057512    DTAAHcvP2QVgSR94nrjPfgUShv8CRxwaHt

why does the site say that  1017.14 was paid out but the chain and my wallet only received 997.14~?    Huh


Thanks

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February 27, 2014, 10:01:22 AM
 #1198

I am a little confused here, is there some slight of hand?. or bad programming?


2014-02-26 08:46:52    DOGE    1017.14

http://dogechain.info/address/DTAAHcvP2QVgSR94nrjPfgUShv8CRxwaHt

4fd29c05…a45cdf7d    117339    2014-02-26 08:47:26    + 997.14057512    997.14057512    DOGE

http://dogechain.info/tx/4fd29c055d55bb9174826a0252d6619410786aab55836359988518a0a45cdf7d

4    Not yet redeemed    997.14057512    DTAAHcvP2QVgSR94nrjPfgUShv8CRxwaHt

why does the site say that  1017.14 was paid out but the chain and my wallet only received 997.14~?    Huh


Thanks

When you withdraw less than 5000 DOGE, your withdrawal is decreased by 20 DOGE. It is stated in "Reward System" ( column "small payouts reduction" ) on the home page: https://www.coinotron.com/coinotron/AccountServlet?action=home

Main purpose of this is to limit number of micro withdrawals.




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February 27, 2014, 02:03:12 PM
 #1199

I am a little confused here, is there some slight of hand?. or bad programming?


2014-02-26 08:46:52    DOGE    1017.14

http://dogechain.info/address/DTAAHcvP2QVgSR94nrjPfgUShv8CRxwaHt

4fd29c05…a45cdf7d    117339    2014-02-26 08:47:26    + 997.14057512    997.14057512    DOGE

http://dogechain.info/tx/4fd29c055d55bb9174826a0252d6619410786aab55836359988518a0a45cdf7d

4    Not yet redeemed    997.14057512    DTAAHcvP2QVgSR94nrjPfgUShv8CRxwaHt

why does the site say that  1017.14 was paid out but the chain and my wallet only received 997.14~?    Huh


Thanks

When you withdraw less than 5000 DOGE, your withdrawal is decreased by 20 DOGE. It is stated in "Reward System" ( column "small payouts reduction" ) on the home page: https://www.coinotron.com/coinotron/AccountServlet?action=home

Main purpose of this is to limit number of micro withdrawals.





ooh.. right.. sorry about that..   

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March 03, 2014, 07:07:01 AM
 #1200

My LTC mining last few days I don't see anything in the "Estimated current round rewards" or "Unconfirmed rewards" keeps showing nothing but zero's. Yet I am getting something for mining in confirmed rewards.

Why have they been disabled?

DaddyGandSon
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