[300 PH][BTC PPS 100%][EN/CN/RU] Sigmapool.com

[philipma1957]

ok.... sigma took the time to merge two of my posts but not to answer the question?

A mod did that. As this is not a self modded thread.

Frodocooper may have cleaned up the posts you made.

I said I would not post here as fighting with kano over me being wrong and an idiot is not worth it.

So this is directly to you

[1714715170]

1714715170

[1714715170]

1714715170

[TheYankeesWin!]

Dave F. thinks the pool was created to simply kill off small pools. He had a good point and I know Phil liked his point.

[philipma1957]

Dave F. had a great point.  I did some more math and I came up with this model:

at 300ph for the next 2 weeks this pool needs to pay 175 coins

https://bitcoinwisdom.com/bitcoin/difficulty

I plugged in 300 ph.  so 175/12.5 =  14 blocks.

if  you are expected to do 14.17 blocks and do 12  it is .75 cdf

if you are expected to do  11.34 blocks and do 5 it is .988 cdf   this is a decent long shot

https://www.kano.is/index.php?k=pblocks

all info is from here.

So this pool at 300 ph with really bad luck  would only hit  say 6 blocks during the next jump  and lose 8 blocks.

What does a loss of 100 coins do for them?  Logically it hurts small pools  such as

pool.ckpool
solo.ckpool
mmpool
kano

So like Dave said  this pool paying  just over 99% of the 12.5 coins would only be doing so to hurt smaller pools.

I continue to support smaller pools as much as I can with my own personal hash.

http://mmpool.org/statistics
17   29501a4c   0.02694736   0.00000000   7,985,682,288   7,058,812

http://ckpool.org/miners
29   16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr   19.9TH/s   13.8TH/s   13.6TH/s   2   15,890,008,940   74545449022

[MoparMiningLLC]

A mod did that.  As this is not a self modded thread.

Frodocooper may have cleaned up the posts you made...

ahh i just saw on my phone the notification that my posts got deleted - they tend to always get deleted if I ask questions about how things are working - in this case, the two were just merged.

as for the other stuff about this pool - my question is simply why does the pool show one payment when the block chain shows a lower payment - I mine on several pools - a couple large ones and several smaller ones - this is the only pool where my payments do not match.

I was also told that I was making substantial accusations against Sigma and that I should not be expected that my word to be easily taken. It was also suggested that I might just be trying to stir up trouble. All of that confuses me - there is no "my word" my question comes directly from what Sigma shows on site and what those very same transactions show on the block chain. I am by no means an expert on mining - hence why I asked the question on the mismatched values seeing as other pools match.

In the attached image (I am assuming the copy paste of the transactions is what led to the "my word" statement) I show the payment page from Sigma and the transactions from the pool for 3 payments I got from Sigma - in all 3 cases the amount reported on the payment page is higher than what was submitted - verified by pulling the pulling the transaction on the block chain.

For comparison, I also show the last payment I received from kano.is via the rewards page (have to use the second one as the first one shown there has not yet reached enough confirmations to be sent out) and it matches the block chain amount exactly.

So - am I being charged a fee after the payment is issued? or is sigma sending less than they state?

[rifleman74]

Your questions will go unanswered I'm guessing.

[MoparMiningLLC]

Your questions will go unanswered I'm guessing.

am I wrong to assume that the payments that are reflected in miner dashboard should be equal to what is shown on the block chain? Is the mining pool charging me a fee to send me my payment? which I don't mind except they say zero fees - but I know they keep the transaction fees so they are only dispersing the 12.5 btc block reward but it seems as if they are also then charging a small - very small - fee to send miners their payments.

My miners will be removed from the pool (of course) until this is answered by sigmapool

[Gervunt93]

The pool doesn't pay the bitcoin network commission for the transaction. I believe these satoshis you lack is the bitcoin network commission.

[kano]

The pool doesn't pay the bitcoin network commission for the transaction. I believe these satoshis you lack is the bitcoin network commission.

Yeah that's a payout fee ... and they also keep the mining transaction fees ...

... even though they still lie about it:

...
What does the SigmaPool have today?
...

• Mining without fees

...

[Steamtyme]

Or is it to accurate.

You are mining "without" receiving transaction fees  Con
You are mining "without" paying fees for it out of pocket or from your implied reward   Pro
You are mining "without" knowledge of transaction fees being your responsibility.  Con

Either way I'd move on, my payouts/fees have all been crystal clear this weekend.

[MoparMiningLLC]

The pool doesn't pay the bitcoin network commission for the transaction. I believe these satoshis you lack is the bitcoin network commission.

possibly - but then they should state that instead of saying "no fees" although they do not charge it, they do not pay it.

Yeah that's a payout fee ... and they also keep the mining transaction fees ...

... even though they still lie about it...

Kano - I dont see payout fees from your pool - do you account for this and report our reward post fee? or do you pay the fee?

Or is it to accurate.

You are mining "without" receiving transaction fees  Con
You are mining "without" paying fees for it out of pocket or from your implied reward   Pro
You are mining "without" knowledge of transaction fees being your responsibility.  Con

Either way I'd move on, my payouts/fees have all been crystal clear this weekend.

I have. and my payouts on the 4 other pools I am on are also crystal clear.

[rifleman74]

The reward you see on kano's pool (and slush as long as you're above .01, and ck's pool) are what you receive.

This pool is showing you how it makes its money, by ripping you off in at least three ways.

[MoparMiningLLC]

The reward you see on kano's pool (and slush as long as you're above .01, and ck's pool) are what you receive.

This pool is showing you how it makes its money, by ripping you off in at least three ways.

lol even antpool and slushpool i get what they say they send.

[clgrissom3]

KanoPool's fee is 0.9% after transaction fees are included as stated near the top of the Help/Payouts page.  Slush's fees are 1.1% after transactions fees are added in.  This pool does not give you the transaction fees which is pretty close to 2.0% this month but they don't call that a fee.  So it appears they have payout fees also that they don't talk about.

EDIT: Oh yea, the KanoPool is up to 0.00005216 BTC/day per TH for February in case you were wondering

[MoparMiningLLC]

KanoPool's fee is 0.9% after transaction fees are included as stated near the top of the Help/Payouts page.  Slush's fees are 1.1% after transactions fees are added in.  This pool does not give you the transaction fees which is pretty close to 2.0% this month but they don't call that a fee.  So it appears they have payout fees also that they don't talk about.

EDIT: Oh yea, the KanoPool is up to 0.00005216 BTC/day per TH for February in case you were wondering

and more if we can find a few more blocks before end of the month

[rifleman74]

Notice the OP has gone radio silent once the truth has come out.

MINE ON, SOMEWHERE ELSE!

[MoparMiningLLC]

Notice the OP has gone radio silent once the truth has come out.

MINE ON, SOMEWHERE ELSE!

has been silent i think since the first day? lol

[-SigmaPool-]

Hey, dear miners!

We are really pleased to see smart users writing in our topic, asking correct and essential questions.
Since the launch of the BTC pool in august 2018, we have faced a lot of different reactions on us at forums. But as far as you can see – we haven’t gone anywhere and the hash rate has been steadily growing. And so, we would love to answer the questions above:

Reserve:
You are absolutely right with the calculations for the reserve and so far we have been systematically increasing it with growth of our pool. As far as we have ways to use the funds to gain profits with minimal risks – we have no need to «freeze» them all at once, but in any case, with the growth of hashrate, the reserve is replenished to ensure stable payouts.

Fees:
We don’t play games with miners like “Share the TxFee and then take 3% away and pay the withdrawal fee” and other schemes, where the result leads to receiving less than 100% PPS from block. We have an absolutely transparent payment system. The pool pays all the 12.5 BTC from block to miners using the PPS system. The only thing you have to pay for is the Bitcoin network transaction commission itself.

Profitability:
You will always find the up-to-date data on BTC per TH/S on the main page. Many bloggers already have conducted tests using several ASICs, comparing profitability at our pool with others. These numbers are easy to verify and we suggest that you try and see for yourself. If you have any questions regarding earnings – contact our support, add screenshots and we will figure everything out. You can contact us using the contact form at our website or via telegram-bot.

Latest news:
Our pool is actively developing and today we have crossed the 300 PH line which is more than 0.5% of Bitcoin network. We are working hard on the pool’s scaling, therefore some deviations in displaying statistics on the web-site are possible. This does not affect mining and the payout system. Lastly, take a look at our store – there is something interesting for you.

Find the latest news in our telegram channel. Feel free to discuss the SigmaPool or ask any questions in our telegram chat, all the links are in the first post.

We wish you stable mining, cheap electricity and lots of lambos!

[MoparMiningLLC]

Fees:
We don’t play games with miners like “Share the TxFee and then take 3% away and pay the withdrawal fee” and other schemes, where the result leads to receiving less than 100% PPS from block. We have an absolutely transparent payment system. The pool pays all the 12.5 BTC from block to miners using the PPS system. The only thing you have to pay for is the Bitcoin network transaction commission itself.

by doing this you are actually paying less than the pools that pay out transaction fees and keep 3%  and your system does not show that the miners pay the transaction fee either - nor - until now - have you stated that there was a fee. I guess you meant "no fee" to sigma. Not paying the transaction fees to the miner is also a "fee" that is being charged to the miners essentially as they are not receiving those funds.

[kano]

The miner having to pay "Bitcoin network transaction commission" to get their BTC from the pool, is also a fee.
That's called the "Transaction Fee" in Bitcoin.
Certain companies like to rename it to things like -SigmaPool- have called it to hide that fact.
There is no such fee on my pool - the pool pays the payout Transaction Fee
There are also simple ways to set it to zero if the pool is big enough.

[rifleman74]

Fees:
We don’t play games with miners like “Share the TxFee and then take 3% away and pay the withdrawal fee” and other schemes, where the result leads to receiving less than 100% PPS from block. We have an absolutely transparent payment system. The pool pays all the 12.5 BTC from block to miners using the PPS system. The only thing you have to pay for is the Bitcoin network transaction commission itself.

There it is, confirmed that they don't pay out any transaction fees that one makes on just about any other pool in the world.

Run, run far away from this pool, which really looks to just be a small server farm.