[ANN][POOL] ipoMiner - Profitable multipool targeting new coins + merged mining!

[AnaSardinha]

I really like this pool and hope that these people don't ruin it for the rest of us.
Please ipominer don't give up on the rest of us that support and recognise you guys, keep up the good work.

[1715581245]

1715581245

[1715581245]

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[BitcoinGeekBoy]

IVC has been forked -- we've been in contact with MintPal and are working on it, but it is best to not withdraw any IVC coins or mine it currently.

CINNI also may be forked, as I mentioned previously, and we're looking into it, but obviously have had a lot of other things that are a bit more pressing at the moment.

Withdrawals for both IVC and CINNI have been temporarily suspended until we can investigate their blockchains/fork situation.

Please expect 10-12 hours until IVC and CINNI can be worked on much though.

7 hours ago you send me last IVC. After this fork is happen? And you not send a letter to inform us to stop to mine. Just write here. You expect to be online in the forum nonstop?

We're not babysitters, and sometimes we actually have to sleep.  You should be keeping track of the coins you mine.  It's very unlikely that any CINNI transactions will be lost in the fork as there are no new blocks to be mined (or more specifically, no new blocks to be orphaned by the fork)

Ha!  I had -1500 or more balance but I am not complaining.  Shit happens.  Down to -200 will be the positive side shortly again.  It all part of the risk. 

[RentaMouse]

I'm in the negative with UVC now as I'd withdrawn and sold most of what I mined yesterday, and to pay back what I owe immediately I'd have to buy back the coins from an exchange for more than I received for them which makes it tricky, for the time being I'll just slowly mine them back.

However I'm not shouting "I've been robbed", the explanation is clear and I never mined those coins in the first place, it was a simple accounting error. Unfortunate and inconvenient yes, maybe it justifies a couple of days fee free mining in compensation but not giving out 20% of the multiport's total income for a couple of days.

[saykor]

IVC has been forked -- we've been in contact with MintPal and are working on it, but it is best to not withdraw any IVC coins or mine it currently.

CINNI also may be forked, as I mentioned previously, and we're looking into it, but obviously have had a lot of other things that are a bit more pressing at the moment.

Withdrawals for both IVC and CINNI have been temporarily suspended until we can investigate their blockchains/fork situation.

Please expect 10-12 hours until IVC and CINNI can be worked on much though.

7 hours ago you send me last IVC. After this fork is happen? And you not send a letter to inform us to stop to mine. Just write here. You expect to be online in the forum nonstop?

We're not babysitters, and sometimes we actually have to sleep.  You should be keeping track of the coins you mine.  It's very unlikely that any CINNI transactions will be lost in the fork as there are no new blocks to be mined (or more specifically, no new blocks to be orphaned by the fork)

First I not talk for CINNI
Second I too need to sleep.
Thirty I talk for notification way. When he have a time to write in the forum then have a time to send mass email to his users. He get 3% fees because offer more services and care for the coin and members. Else there have so much pool with 1% or even 0 that do not offer anything. Nobody ask the admin to not sleep and monitor everything but when he have a important information to send a simple email not just to write in the forum. The forum messages is not notification system. This is only for a discussion.

as for UVC problem I move my workers to mine them so will clear the negative balance. But I ask for a right notification way for every coin not only when admin pockets need to be refund especially when this is his own mistake not us.

Even more. When the admin find a problem with some coin just to close the port will be good. So the miners will switch to next coin and not will mine 7hr for nothing.

[chrissibel]

If you were overpaid, correcting your balance is not stealing.

If you have a negative balance now that means you should be sending coins back, and if you don't then you are keeping coins that don't belong to you.  In effect stealing from other miners.

These things happen and everything ipominer is saying is verifiable in the blockchain, it's not upon him to provide proof, the data is all there on the site and on the blockchain.

Well said. You guys need to stop bitching. This shit happens all the time and it clearly is not ipominer's fault. Its funny how nobody says anything anytime a pool or exchange overpays due to a glitch. They gladly take the coins and run, but when they get caught or the problem is resolved and audits made to accounts everyone starts yelling SCAM!. Total bullshit. IPOMiner runs a great pool and you all need to get off your pitty pots and relax. If you have negative balances then send the coins that you know are not rightfully yours back!

[ipominer]

We've disabled the mining ports for IVC and BLU ports for now. BLU has been disabled by Bittrex after a suspected double spend attack, and IVC is currently forked.

Normally, we would reroute those direct ports internally to the multiport, but I have a feeling that would just confuse everyone further at the moment because of the issue of UVC overpayments.

[ipominer]

Update on CINNI -- there wasn't a fork, our wallet was just stuck with an error which required being rebuilt. We've fixed the issue with it and payouts on CINNI have been resumed.

We haven't been able to sort out IVC yet, but we'll post an update on it when we have more info.

[schnauzr]

Just getting caught up on all this UVC mess... I noticed my balance is very low for a full day of mining... must have been working off what i owed due to this pool's mistake. 

However, can someone clarify for me, I am not understanding how there are/were already POS blocks... I thought POS usually doesn't start until after POW, and POW is still ongoing... I tried to look at the UVC thread on bitcointalk and their blockchain explorer but I can't figure it out (sort of a newb when it comes to POW+POS) so I would appreciate an ELI5 on this.

Thanks.

[ipominer]

@schnauzr Often, coins will have POW mining and then switch to POS after POW ends, but UniversityCoin had concurrent POW+POS at the same time. Unfortunately, POS blocks appear the same in the wallet as POW blocks -- they both simply are listed as mined blocks called "generate". The only way to differentiate them is by analyzing the blockchain and checking the input/output.

On POS blocks, the input/output will be the same address, and a tiny bit of interest will be added on the output (input of 1000 coins, output of 1000.15 or something). Roughly 20% of blocks we credited to miners were actually POS blocks (758 out of 3915 blocks mined until we stopped crediting POS blocks incorrectly).

In an ELI5, the basic idea is that POS blocks take a given number of coins of yours, let's say 1000, and then return them to you in a new block with interest -- let's say 1000+0.15 interest, or 1000.15 coins. We were treating that as a new block of 1000.15 coins and crediting them to miners, when its actually a gain of only 0.15 coins.

[schnauzr]

@schnauzr Often, coins will have POW mining and then switch to POS after POW ends, but UniversityCoin had concurrent POW+POS at the same time.

Thank you, this nuance was (is?) not clear on their btc talk thread... all I see is this:

Specifications:

PoW Stage:(Ends after block 20160)
April 30th - May 6th: PoW Mining Stage

PoW time: Around One Week
Algorithm: Scrypt PoW + PoS

Coins per block:
Code:
1: pre-mine
2 - 200: 1 UVC
201 - 1000: 300 UVC
1000 - 2000: 400 UVC
2000 - 3000: 500 UVC
3000 - 20160(the end): 1000 UVC

I've never seen concurrent POW+POS blocks during a POW phase.  Learn something new every day.

[ipominer]

Indeed. I totally agree that it wasn't very obvious from their ANN post, and it was even less obvious in the original ANN post that they made before they delayed the first launch. Interestingly, it also means that their ANN post is incorrect -- there aren't 20M coins from POW mining after all, much more like 50% of that, or 10M coins. The same issue happened with BlackCoin, which originally announced their POW period to be 10k blocks of 10k coins, for a total of 100M coins. Because they launched POS at block 5000, 50% of blocks between block 5k and block 10k were POS and they ended up with only ~75M coins from POW mining.

[brian_23452]

Is scoring correct for PIG at the moment?  Round shares and per block estimate for PIG are showing the same figures for almost 24 hours straight now.  But I m getting coins, albeit slowly.

[hashuniverse]

Hows the profitability of the coins? It seems like the  PoS craze is now over.

[ipominer]

UVC mining has ended at block 20160 -- we'll be adding ShibeCoin to the multiport soon, and are mining PIG on it for now in the interim.

If you're holding PiggyCoin, keep an eye on it this week.. they have a full week of announcements planned, which I suspect could let us see a lot of good trading action on it.

@brian_23452 PIG is fine I think there hasn't been a lot of variation with it because we've been getting most of the blocks on it? We've been most of the network on it.

[sprof]

What Exchange is the pool showing the exchange rate for PIG? As Bittrex is show higher exchange rates

[ipominer]

The pool shows an average the last trade on the exchanges that we support which carry the coin - in the case of PIG, its Bittrex and Poloniex at the moment.

[saykor]

The pool shows an average the last trade on the exchanges that we support which carry the coin - in the case of PIG, its Bittrex and Poloniex at the moment.

Sorry what average is 90 when last trade on poloniex is 164 and last trade on bittrex is 155 ?

anyway if for 0.00000090   the profit is 0.00087983
for 90*2=180 profit will be 0.00087983*2 = 0.00175966
this not will pay even my electricity bill

[DMacleod]

shibe is not profitable anymore

[ipominer]

Thanks @saykor - I noticed there was an old value from SwissCex that was stuck in the pricing database for PIG, showing a price of 15 satoshis, although we removed SwissCex from being used in PIG pricing a while ago. That was dragging the average down, and has been fixed now.

[b0oMeR]

The pool shows an average the last trade on the exchanges that we support which carry the coin - in the case of PIG, its Bittrex and Poloniex at the moment.

Sorry what average is 90 when last trade on poloniex is 164 and last trade on bittrex is 155 ?

anyway if for 0.00000090   the profit is 0.00087983
for 90*2=180 profit will be 0.00087983*2 = 0.00175966
this not will pay even my electricity bill

How long do you intend to hold

I remember when i spent like 2 weeks mining WC and the price jumped to 2k+ i sold out. When I was mining the value was about 800-1200.