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

[IntroVert]

Check this out from one of the VRC developers, only a single pool (and unfortunately not us) is on the right fork:

https://bitcointalk.org/index.php?topic=602041.msg6774339#msg6774339

If you click on the link for the pool, you will see that at this moment there are 5 scrypt miners w/ about 9Mh/s total. Those deposits/withdrawals will take awfully long to get anywhere...

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[schnauzr]

Sheesh.. no wonder my withdrawal is still confirming after 3 hours

[IntroVert]

Looking at the blocks found, it seems like we might have forked sometime after 9 pm EST, likely in the 9:15 - 9:25 pm timeframe, meanining that we lost 1-2 hours worth of mining actually, which is not so bad.

I will wait for @ipominer to give a final verdict, this is just my estimate...

[ipominer]

We forked on VRC at block 17460, so our blocks from 17460 through 17698 were orphaned. We have now resync'd the wallet and are back mining on the correct blockchain.

We also just added NautilusCoin for the scrypt multiport as another option for the multiport to mine in the event of more trouble with VRC.

[hetz]

is this not why we pay you your %. The first balance is your confirmed balance, which is available for you to withdraw. i had a positive balance now i dont?

[burner2014]

is this not why we pay you your %. The first balance is your confirmed balance, which is available for you to withdraw. i had a positive balance now i dont

I have to say IPO you do a good job but he is right. Do you have 24/7 Support and Monitoring? I think 3 % fee is enough to pay 2 guys to monitor 24/7.

2 Hours is mining is a lot of money considering that we reported before.

[hetz]

it was well more then 2 hours. when renting rigs -5 hours there goes any chance at profit. still dont understand how come i have zero. but i think im retiring from pools and go solo i can make sure im on the right fork thanks was a good run

[HammyCoin]

As someone who has rented hundreds and hundreds of times, I'll always point my rigs at IPOminer if I can. You can whine all you want about losing three hours but when you've been doing this for as long as I have, you realize that IPOminer has by far the fewest problems with forks/lost coins/etc. of any pool. They all have issues, IPOminer has the fewest.

[ipominer]

We have now re-enabled payouts on VRC, and can confirm that we are still mining on the correct blockchain.

Blocks 17168-17460 were previously not included in balances after the fork, and have now been confirmed and added to confirmed balances. You will have seen an increase in confirmed balance from that. Blocks from 17460 until we resync'd onto the correct blockchain and resumed mining at 17888 were orphaned and were removed from unconfirmed balances.

Unfortunately, there isn't currently a reliable way of detecting this type of fork via automated monitoring, and no, 3% pool fees do not cover paying any amount of staff anything even remotely comparable to industry wages. Here's some basic math: 2500MH average pool hashrate at 3% fee at 0.004 btc/mh/day and btc at $440 is $3960 per month, gross revenue. After that, you still have to take out operating costs... so please enlighten us on how we could find two reliable employees to entrust with the equivalent of tens of thousands of dollars in btc and pay them less than $15-20k/year in salary to work 24/7.

We've been in discussions with a few exchanges and pools about an API service to provide better info on blockchain status and possible forks, but that hasn't even reached active development yet. There was over 10Gh/s on the fork we were on, and even after investigating it with VeriCoin developers, it wasn't immediately clear that ours was not the correct blockchain -- we had higher hashrate and difficulty than the "correct" blockchain, but it was a bit further along and the offical supernodes were on it.

[cryptodevil]

We also just added NautilusCoin for the scrypt multiport as another option for the multiport to mine in the event of more trouble with VRC.

My stats show an unconfirmed balance for NautilusCoin as a result of the multiport switching to it during the night for a period of time, when is it going to become a confirmed amount?

[ADutchGamer]

@ipominer I just want to say you do an awesome job.

Here's why
- There have been some issues because of new coins (forks, PoS blocks etc.) but they have been solved professionaly.
- You generally make me a higher profit than any other pool.
- You are almost immediately available to answer questions here.

So just keep up the good work and don't worry too much about the "squeeky wheels" that say they don't like it. Most people who do like it just simply take your service and patience for granted

[Escher]

@ipominer I just want to say you do an awesome job.

Here's why
- There have been some issues because of new coins (forks, PoS blocks etc.) but they have been solved professionaly.
- You generally make me a higher profit than any other pool.
- You are almost immediately available to answer questions here.

So just keep up the good work and don't worry too much about the "squeeky wheels" that say they don't like it. Most people who do like it just simply take your service and patience for granted

+1

[IntroVert]

@ipominer I just want to say you do an awesome job.

Here's why
- There have been some issues because of new coins (forks, PoS blocks etc.) but they have been solved professionaly.
- You generally make me a higher profit than any other pool.
- You are almost immediately available to answer questions here.

So just keep up the good work and don't worry too much about the "squeeky wheels" that say they don't like it. Most people who do like it just simply take your service and patience for granted

+1

From my experience, any pool that is reliable with regard to producing you expected earnings based on difficulty/net hash that pays out consistently, usually charges a 2% fee or thereabouts if it charges less and you donate to it. With ipominer, you get charged additional 1% for:

• Timely access to new coins with increased profitability
• Assurance that you will get paid what you earned and your coins will not vanish. To me, this is very important. I am sure most of us have been burned multiple times elsewhere.
• A high degree of probability that the coins you mine will end up trading on an exchange with liquidity and volume meaning that you will have the opportunity to sell at a good price if you are inclined to do so at an early stage. I have seen good amount of new coins that once they are were chosen by ipominer, they were shortly picked up by at least one decent exchange.
• Increased profitability. In my time here, it is been very rare to get under 0.004 btc/day per scrypt Mh/s. For comparison, most other multipools deliver less. Check out the current stats of waffle: http://wafflepool.com/stats
• If you don't like the IPO coin that the multipool is mining, you usually have the option to mine another you like better on another dedicated port. This is such a time saver in just not needing to deal with different pools, login credentials, uncertainty whether you will get paid, and whatnot.
• Timely and courteous service. Given the fact the pool is operated in US with its high cost of living, the fees collected would not permit to hire anything more than part timers, and it is quite possible that even that might be a stretch.

Paying extra 1% to get all of the above is a complete no-brainer to me. Keep up the good work @ipominer!

[KimJongUn]

Paying extra 1% to get all of the above is a complete no-brainer to me. Keep up the good work @ipominer!

100% agreed.  You do a great job.

[Stinky_Pete]

Something I'm not clear about and would welcome an answer.

The multipool is currently mining VRC, which is predicted to finish its PoW phase in less than 24 hours. Does the pool automatically switch to another coin when that happens, or does our hashing get wasted?

[schnauzr]

Does the pool automatically switch to another coin when that happens, or does our hashing get wasted?

They manually switch it to a different coin when POW ends.  They've been very good about ensuring to do this in the past.

[Leesminer]

@ipominer I just want to say you do an awesome job.

Here's why
- There have been some issues because of new coins (forks, PoS blocks etc.) but they have been solved professionaly.
- You generally make me a higher profit than any other pool.
- You are almost immediately available to answer questions here.

So just keep up the good work and don't worry too much about the "squeeky wheels" that say they don't like it. Most people who do like it just simply take your service and patience for granted

+1

From my experience, any pool that is reliable with regard to producing you expected earnings based on difficulty/net hash that pays out consistently, usually charges a 2% fee or thereabouts if it charges less and you donate to it. With ipominer, you get charged additional 1% for:

• Timely access to new coins with increased profitability
• Assurance that you will get paid what you earned and your coins will not vanish. To me, this is very important. I am sure most of us have been burned multiple times elsewhere.
• A high degree of probability that the coins you mine will end up trading on an exchange with liquidity and volume meaning that you will have the opportunity to sell at a good price if you are inclined to do so at an early stage. I have seen good amount of new coins that once they are were chosen by ipominer, they were shortly picked up by at least one decent exchange.
• Increased profitability. In my time here, it is been very rare to get under 0.004 btc/day per scrypt Mh/s. For comparison, most other multipools deliver less. Check out the current stats of waffle: http://wafflepool.com/stats
• If you don't like the IPO coin that the multipool is mining, you usually have the option to mine another you like better on another dedicated port. This is such a time saver in just not needing to deal with different pools, login credentials, uncertainty whether you will get paid, and whatnot.
• Timely and courteous service. Given the fact the pool is operated in US with its high cost of living, the fees collected would not permit to hire anything more than part timers, and it is quite possible that even that might be a stretch.

Paying extra 1% to get all of the above is a complete no-brainer to me. Keep up the good work @ipominer!

+1

[Leesminer]

@ipominer  will you guys be looking at adding Sync to the X11 multipool at launch?  look's promising but I would say for those that get in early, there is only 1000 coins in POW stage

[ipominer]

Yes, the pool will switch to another coin when POW mining on VRC ends

@Leesminer Sync looks pretty good initially, we'll see how the launch and source code look.

@cryptodevil The unconfirmed NautilusCoin has now been confirmed.

@ADutchGamer @IntroVert @Escher Thanks!

[haremmac]

I really hate seeing people bitch to IPO about anything.  It must be from people who haven't given the appropriate amount of mining time to the site or have done any research on their own with the forum or IRC provided by IPO in order to get a profit.  I have been with IPO since march and haven't looked to mine anywhere else since.  Thanks to not mining anywhere else I have made a boatload compared to what I would have made on any multipool.  Plus reading the forum and the IRC gives great advice and predictions to what may or may not happen to a new or old crypto currency.  Thanks to watching those I have bought other coins with my profits here and made even more profits.  3% is very fair considering all the different ways you can make money with IPO.  I also get very quick responses to emails I sent to IPO with questions regarding the site, mining specific coins, the future of scrypt, and advice on how to keep the wife happy while buying more rigs with the profits on IPO (ok this is a lie but Im sure IPO would be quick to answer any questions you may have to keep your SO from messing with your hobby).  Keep up the great work, I love it here!