NovaBlock, The Most Profitable Mining Pool

[NovaBLock.com]

NovaBlock, The Most Profitable Mining Pool
www.novablock.com

NovaBlock, the most profitable mining pool. Come mine BITCOIN with us.

The stable hashrate of NovaBlock mining pool has reached 700PH/s only in two weeks and the number is still growing. Here is what makes NovaBlock mining pool special!
 
Why NovaBlock?
First-class security & higher stability
Promising reward & lower fee
Top-notch support & the best service
  
Most profitable rewarding system
NovaBlock uses NovaPPS+ rewarding system. The system bears the risk and maxes your profit. Bad luck will never affect your profit.
AND, when you are mining, do you know there is a transaction fee reward except for the block coinbase? You deserve it and NovaBlock pays it!
Want to know more about NovaPPS+?
https://novablock.zendesk.com/hc/en-us/articles/360027197853-What-is-rewarding-system-

What do we have for you?
1. User-friendly interface
2. Weekly report
3. Mining profit calculator
4. Profit ranking for mining machines
5. Firmware update
6. Smart monitor
7. Virtual agent
8. App

A chance of FREE MINING for our first 2,000PH/s hashrate
The first 2,000PH/s hashrate connected to NovaBlock mining pool will have a chance to enjoy FREE MINING with NovaBlock! Only you need to do is to send us an email (support@novablock.com) with your registered account, about what do you think when using NovaBlock. We will contact you if your ideas are great, and set your pool fee to ZERO until the pool hashrate reaches 2,000PH/s. From 700PH/s to 2,000PH/s, we do not expect it will take too long.

So, grab the chance AND JOIN US TODAY!

With all the features and promotions above, why not joining NovaBlock now and find more: www.novablock.com
You can also follow our Facebook @novablock mining pool, Twitter @nova_block, and Instagram @novablock_mining_pool to keep updated with cryptocurrency related news and tips.
If you have further questions, don’t hesitate to contact us: support@novablock.com

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[TheYankeesWin!]

Has anyone used this pool? Rates are very good.

0.0000237   a th is more then viabtc  which pays 0.00002277.

So 1ph = 0.02370 a day  vs 0.02277 a day   that is an extra 10 dollar per ph over viabtc.

[kano]

There is no such thing as a no fee PPS pool.

... of course there's the obvious fact that they have to charge a fee or the expectation of them going broke is VERY high.

But irrelevant of that, no PPS pool charges no fee.

[kano]

So ... how much you paying Phil to get him to convince people from other pools to come here?

[philipma1957]

I was offered free mining for 1 month.
I was also told I could offer this some forum members.
I offered it to three people.

One declined.
Two have yet to answer me.

Although one the three most likely told you I asked them.

Frankly for me if I move my gear to them it saves me 12 dollars a day.

Or 360 dollars.

I may or may not do this.

I don’t know where the people I asked mine.
I will also not mention which three people I asked.
Since that is a pm discussion.

I am not sure I want to mine with this company or continue with viabtc.

[NotFuzzyWarm]

I will admit that they have my interest and *maybe* after we finally pop this latest block on Kanopool I *might* move a bit over to here as it would be nice to have some steady(er) income. Mainly depends on what my rewards on this block is. No matter what, the majority of my hash will stay where it is.

[philipma1957]

I had the person that mines at slush answer they said no.
I had the person that mines at viabtc answer they said no.
The third person I asked has not replied to me. I guess they are the one that mines with Kano.


I went to the site signed up look at all the rules Regulations etc.

I will not take them up on the offer as I mine btc and ltc. This pool only has btc.

I dont want to have an extra pool to track.

I wish them the best of luck.

I am going to stick with viabtc for the moment.

[NovaBLock.com]

There is no such thing as a no fee PPS pool.

... of course there's the obvious fact that they have to charge a fee or the expectation of them going broke is VERY high.

But irrelevant of that, no PPS pool charges no fee.

Hi Kano! Of course, pools are unable to run without fees. The normal pool fee for NovaBlock is 3.5%, this is currently reduced to 2.5% for the first 2000 PH. We also OFFER the chance to get 0 fees if you provide us a review or some feedback.

The payment model we use is NovaPPS+, this method aims to benefit miners because the total payment we send includes the standard block reward as well as a standard transaction fee, maximizing profitability.

So ... how much you paying Phil to get him to convince people from other pools to come here?

With all new products, there is a need to verify and test them. In exchange for reviews, feedback and support we have offered a reduced fee to select individuals.

We are in no way looking to pay for reviews but we understand that in order to maximize our reach and gain new clients, we need to be competitive. After they join, we expect them to stay with us due to our convenience (smart software for setting up workers, intuitive web interface and app interface, ETC), our increased profitability and our steady payout system.

We look forward to working with everyone and are glad to be part of this community.

To everyone else:

If anyone is interested or has any questions regarding our pool, please don’t hesitate to contact us.

Please send me a PM or email me at vincent.v@novablock.com if you are interested in testing out our pool. We prefer senior members of the community and will offer 0 fees for a certain time period. Additionally, we can offer a permanent reduction in pool fees based on your review. We have a review guideline that can be provided.

[philipma1957]

So the offer is open 0 fees for a while to some senior members.

As I said  I was going to try them but they do not have LTC  and it would mean I need to use an ltc pool and them.

So for now viabtc uses both ltc and btc I will stay there since the move would cost me time and energy and I wioul dstill need to keep my ltc up at viabtc.

  I am interested to see if anyone takes up the offer to mine with them and do a review.
Good luck to the op and any that  try them.  Would to love to here how it works out.


Since I declined  to move I get nothing  for posting here. 

[favebook]

I would love to try your pool. But since my only S series unit is now defective and being serviced, and one unit is yet to come in November, I cannot use your pool as all my other miners are Z series.

[NovaBLock.com]

I would love to try your pool. But since my only S series unit is now defective and being serviced, and one unit is yet to come in November, I cannot use your pool as all my other miners are Z series.

Hello Favebook,

Whenever you are ready to try our pool we would love to welcome you. Just message us when you have some machines!

Pass this message along to all your friends so everyone can be more profitable!

[MoparMiningLLC]

So ... how much you paying Phil to get him to convince people from other pools to come here?

you tend to be right about a lot of things but why the need to constantly attack everyone/anyone that does not use your pool? I love your pool but have to mine elsewhere as I dont have the reserves to go 2 months with no blocks. sorry. That being said, I am going to toss a T15 on Nova and see how it goes.

[kano]

So ... how much you paying Phil to get him to convince people from other pools to come here?

you tend to be right about a lot of things but why the need to constantly attack everyone/anyone that does not use your pool? I love your pool but have to mine elsewhere as I dont have the reserves to go 2 months with no blocks. sorry. That being said, I am going to toss a T15 on Nova and see how it goes.

Phil PMd one of my top miners asking them to leave my pool and come here.
Though, that was rather obvious from the conversation above

[MoparMiningLLC]

Phil PMd one of my top miners asking them to leave my pool and come here.
Though, that was rather obvious from the conversation above

so what if he did? pm'ing someone about a new pool who is offering 0% fees (only for a month - its 3.5% after that) is not a crime. Hell, not one of the 3 he pm'd took the offer, Phil did not even take the offer.

[kano]

So ... how much you paying Phil to get him to convince people from other pools to come here?

you tend to be right about a lot of things but why the need to constantly attack everyone/anyone that does not use your pool? I love your pool but have to mine elsewhere as I dont have the reserves to go 2 months with no blocks. sorry. That being said, I am going to toss a T15 on Nova and see how it goes.

Phil PMd one of my top miners asking them to leave my pool and come here.
Though, that was rather obvious from the conversation above

so what if he did? pm'ing someone about a new pool who is offering 0% fees (only for a month - its 3.5% after that) is not a crime. Hell, not one of the 3 he pm'd took the offer, Phil did not even take the offer.

Where did I say it was a crime?
One could say it's expected of him

[MoparMiningLLC]

Where did I say it was a crime?
One could say it's expected of him

nevermind you are right, all of the rest of the mining world is wrong

[Steamtyme]

Just letting people know I have pointed 2 machines at Novablock pool. I plan on reviewing my experience there in a separate thread in Service Discussion. I pointed ~95 TH there last night and will update regularily over the next month. I did receive the offer for 0% fees for the month to perform this review, and will obviously factor that into the comparisons, I will do a side by side comparison with ViaBTC as I left ~31 TH there.
I do still have 31 TH at kano pool, but will not be factoring that into the comparison as the PPLNS payment structure and 5nd, are quite different and you can't grab the full scope of that in a short period of time to compare against PPS+. I'll update here when I get my review up and running.

Thanks NovaBlock for the opportunity. This review will be an unbiased account of my experience. There is no further talk of compensation at this point, they did state after the review I may still receive a discount on mining; this will not affect my review.

[MoparMiningLLC]

Just letting people know I have pointed 2 machines at Novablock pool. I plan on reviewing my experience there in a separate thread in Service Discussion. I pointed ~95 TH there last night and will update regularily over the next month. I did receive the offer for 0% fees for the month to perform this review, and will obviously factor that into the comparisons, I will do a side by side comparison with ViaBTC as I left ~31 TH there.
I do still have 31 TH at kano pool, but will not be factoring that into the comparison as the PPLNS payment structure and 5nd, are quite different and you can't grab the full scope of that in a short period of time to compare against PPS+. I'll update here when I get my review up and running.

Thanks NovaBlock for the opportunity. This review will be an unbiased account of my experience. There is no further talk of compensation at this point, they did state after the review I may still receive a discount on mining; this will not affect my review.

nice. I am also pointing some here as well - about a week into the month. Also, comparing it to viaBTC - The hash rate at each pool I am partaking in is not equal but I am more or less looking at it as a rate per TH - curious to see how the rates compare to mine and look forward to the comparison.

[philipma1957]

I stayed with viabtc  because  it offers other coins  ie LTC  I am mining LTC as I type along with btc.

I have

860th in clifton
114th scattered in state of washington local solar array and my garage  74th of that will go to cilfton thurs the 26th
  28th  idle   will setup for clifton tommorrow
     
1.2 gh idle ltc will bring to clifton tommorroe
9.6 gh mining ltc in clifton

If I mine here I would make an extra 360 usd for the one month, but I would still need to run the other pools and I would need to reprogram 60 miners in clifton to move here.  It is not worth  360 to do it.  I offered the zero fee offer to 3 people.  All of whom declined it.  Who knows maybe one day I will mine here  but not for now.

[MoparMiningLLC]

I stayed with viabtc  because  it offers other coins  ie LTC  I am mining LTC as I type along with btc.

I have

860th in clifton
114th scattered in state of washington local solar array and my garage  74th of that will go to cilfton thurs the 26th
  28th  idle   will setup for clifton tommorrow
    
1.2 gh idle ltc will bring to clifton tommorroe
9.6 gh mining ltc in clifton

If I mine here I would make an extra 360 usd for the one month, but I would still need to run the other pools and I would need to reprogram 60 miners in clifton to move here.  It is not worth  360 to do it.  I offered the zero fee offer to 3 people.  All of whom declined it.  Who knows maybe one day I will mine here  but not for now.

yes, viabtc does offer the merged mining which can eventually add up. and I have told nova that is one advantage that some of the other pools offer. Slush "offers" it but has not paid out their merged mining for almost 2 years.

[Artemis3]

To everyone else:

If anyone is interested or has any questions regarding our pool, please don’t hesitate to contact us.

Please send me a PM or email me at vincent.v@novablock.com if you are interested in testing out our pool. We prefer senior members of the community and will offer 0 fees for a certain time period. Additionally, we can offer a permanent reduction in pool fees based on your review. We have a review guideline that can be provided.

Do you have any plans to start a signature campaign promotion? Would be nice to have pools do this as well.

[MoparMiningLLC]

I got an email from them - From what I gather they are on a temp ban - too many pm's - got flagged for spam.

after my first 8 days, I have the following stats:



3 of the 8 days ViaBTC has been more profitable, the other 5 days NovaBlock has been more profitable.

the first day maybe should not be counted as I started about 2 hours into their "day" but I left it in just the same. I will update the table again next week.

[Steamtyme]

Looking good Stryfe, I just finished a rotation so I haven't started tracking any of my rewards yet. I started my review here. I have some initial questions and findings that I'll be checking in with the pool about. Overall it's been pretty smooth.

I forgot to ask them, any idea how long the Ban was for?? I'm guessing it may be a couple weeks to a month.

[MoparMiningLLC]

Looking good Stryfe, I just finished a rotation so I haven't started tracking any of my rewards yet. I started my review here. I have some initial questions and findings that I'll be checking in with the pool about. Overall it's been pretty smooth.

I forgot to ask them, any idea how long the Ban was for?? I'm guessing it may be a couple weeks to a month.

This is what I got from Vincent on Sept 22nd. So looks like 2 more days for their ban. But he makes it sound like its just a ban for PM's? and forums show they have not been on the forums since that same date.

Hey Stryfe,

This is Vincent from Novablock. We got PM banned on our account for 7 days and just want to let you know that if you want to communicate with us to message on telegram for now @vvuong or through email, vincent.v@novablock.com

Sorry for the inconvenience and appreciate the valuable feedback you are providing to us.

Regards,

[ogv]

Hi, everybody.
I have pointed 216 TH/s to the NovaBlock pool two days ago. Can someone tell the exact time when the pool make btc payments within the day in GMT?

[MoparMiningLLC]

Hi, everybody.
I have pointed 216 TH/s to the NovaBlock pool two days ago. Can someone tell the exact time when the pool make btc payments within the day in GMT?

unless mistaken, it should be right around 8pm eastern when the calculate the day so if you have met the threshold set for payment, it should be at that time. I should have gotten payment last night though if that was correct.

correction: I am just below the payment threshold I have so I should hit that mark tonight and then payment should issue.

[NovaBLock.com]

so what if he did? pm'ing someone about a new pool who is offering 0% fees (only for a month - its 3.5% after that) is not a crime. Hell, not one of the 3 he pm'd took the offer, Phil did not even take the offer.

Just for clarification, as an opening bonus, we are reducing the fees for any early miners with us to 2.5% until we reach 2000 PH.

I got an email from them - From what I gather they are on a temp ban - too many pm's - got flagged for spam.

after my first 8 days, I have the following stats:

https://i.ibb.co/yS3SZ8L/comparison.jpg

3 of the 8 days ViaBTC has been more profitable, the other 5 days NovaBlock has been more profitable.

the first day maybe should not be counted as I started about 2 hours into their "day" but I left it in just the same. I will update the table again next week.

Just letting people know I have pointed 2 machines at Novablock pool. I plan on reviewing my experience there in a separate thread in Service Discussion. I pointed ~95 TH there last night and will update regularily over the next month. I did receive the offer for 0% fees for the month to perform this review, and will obviously factor that into the comparisons, I will do a side by side comparison with ViaBTC as I left ~31 TH there.
I do still have 31 TH at kano pool, but will not be factoring that into the comparison as the PPLNS payment structure and 5nd, are quite different and you can't grab the full scope of that in a short period of time to compare against PPS+. I'll update here when I get my review up and running.

Thanks NovaBlock for the opportunity. This review will be an unbiased account of my experience. There is no further talk of compensation at this point, they did state after the review I may still receive a discount on mining; this will not affect my review.

To Stryfe and Steamtyme,

We appreciate the opportunity to have you guys review our pool. These two have been amazing in giving in-depth and information questions and answers regarding our pool. We understand we are a new mining pool and have lots to work on so we are glad that some members of the community were willing to give us a shot.

As we aim to become the largest mining pool in North America, we would love to hear more feedback on what you guys look for in a mining pool and how we can improve our service.

Do you have any plans to start a signature campaign promotion? Would be nice to have pools do this as well.

Hi Artemis3, we are currently working out a plan and budget on how we plan on expanding our advertising. I will take this into consideration, thank you for the suggestion.

[ogv]

Hi, NovaBlock.com !

I clearly don't understand why you did not release my payment from 09.28?
The account name is nmclub. The balance of my account is 0.01028044 BTC. The threshold is 0.005. Payment is still in a "Payout will be made within the day." state.
https://drive.google.com/file/d/12r8WeglDpt56v2JtZR0gVnDyiYEWhv0z/view?usp=sharing
What wents wrong, guys ?

[MoparMiningLLC]

Hi, NovaBlock.com !

I clearly don't understand why you did not release my payment from 09.28?
The account name is nmclub. The balance of my account is 0.01028044 BTC. The threshold is 0.005. Payment is still in a "Payout will be made within the day." state.
https://drive.google.com/file/d/12r8WeglDpt56v2JtZR0gVnDyiYEWhv0z/view?usp=sharing
What wents wrong, guys ?

that should have released at 4 am

I also hit my threshhold with the mining for 9.29 (8pm eastern 9.28 to 8pm eastern 9.29) but payment was not issued until 4am 9.30

if you thought you were to get paid yesterday - you most likely got paid at 4am today.

[NovaBLock.com]

Hi, NovaBlock.com !

I clearly don't understand why you did not release my payment from 09.28?
The account name is nmclub. The balance of my account is 0.01028044 BTC. The threshold is 0.005. Payment is still in a "Payout will be made within the day." state.
https://drive.google.com/file/d/12r8WeglDpt56v2JtZR0gVnDyiYEWhv0z/view?usp=sharing
What wents wrong, guys ?

Hi ogv,

I will check with our technical team to see what the issue is, I hope it is resolved like Stryfe says and you receive payment by 4 AM. If you believe you are missing payment for any reason whatsoever, please let us know and we will reimburse any costs


What is NovaPPS+ and how does it compare to other reward systems?

We have received a couple of questions regarding what our NovaPPS+ method is and how we calculate what to reward to our users. We will also explain why different pools can offer different pool fees and which pools are more risky to the users.

We are proud to be a North American mining pool and try to improve transparency behind our operations and fees.

The definition of theoretical and actual are required to help distinguish the most popular payout methods of today for mining pools. The basic formula for how a reward is calculated is found below, mining pools use a variety of methods and combinations to determine their reward.

Reward = Block Reward (Theoretical/Actual) + Transaction Fee (Theoretical/Actual/Not included) – Pool Fee (This number can vary for both the block reward and transaction fee)

Theoretical – When mining pools are paying based on theoretical results, this means that you will earn regardless of whether a block is found or not. Additionally, this means this ensures the greatest stability.

Actual – Your payouts will vary depending on the actual amount of shares, amount of block reward or amount of transaction fees that are found per block.

Methods

PPS – Pay Per Share Method (Theoretical)
This method pays out the block reward theoretically based on the miners hashrate proportional to the overall hashrate in the pool. This takes the risk away from miners because even if no block is found, they will pay. The downside to PPS is that it does not include the transaction fees in the reward.

PPLNS – Pay Per Last N Shares (Actual)
This method calculates the miners hashrate proportional to the overall hashrate in the pool; however, this method will only pay out when a block is found. This increases the risk to the miners if there are no blocks found for an extended period of time. PPLNS payout method may or may not include the transaction fee as part of the reward.

PPS+ - Pay Per Share Plus (Theoretical and Actual)
This method is very similar to the PPS method in which it pays the block reward theoretically. The main difference is that PPS+ will share the transaction fee but only if a block is found. This method shares the same amount of risk as PPS for the miners with the additional benefit of the transaction fees if a block is found. These pools generally have higher fees than other pools.

NovaPPS+ - NovaPPS+ (Theoretical)
The NovaPPS+ method pays out the block reward AND the transaction fee theoretically. This reward is based on the miners hashrate proportional to the overall hashrate of the pool. This reduces the risk from miners entirely because even if no block is found, they are rewarded for BOTH the block reward and transaction fee. This method of payout is also known as FPPS and generally has a higher pool fee since the pool operators are taking on more risk.

Take advantage of our low 2.5% pool fee while it is available! Ensure that all of the rewards are shared with miners (block reward and transaction fee). Your profit is always our priority. Use NovaBlock to ensure steady payouts and never let bad luck affect your profits.

A summary table can be found below for your convenience:

https://imgur.com/a/cbMYgvc

Mine on!
Vincent

PS: If anyone can help me post this picture, that would be very helpful

[kano]

Firstly, you ignored the risk of the pool going broke.

And you are incorrect about PPLNS.

PPLNS is based on block+transaction fee reward for most PPLNS pools and since their pool fees are based on that, it is exactly clear how much PPLNS pools are charging you.
The pool income is indeed the total reward of the blocks found, and their profit is the exact fee % they charge on those blocks.

PPS/PPS+/PPS* pools make much more profit when luck is high and less profit when luck is low but also make much more profit when transaction fees are higher.
Overall it's next to impossible to tell how much fees they are making since the actual income and total payout of the pool is hidden.

The risk of the pool going broke on ANY PPS/PPS+/PPS* payout is related to the pool fees and how much BTC the pool keeps in their wallet.
This requires millions of dollars worth of BTC to be kept in the pool wallet, and high fees, to lower the risk of the pool going broke.
The 'expected' fee is the % of the total block+transaction fees they keep and if they correctly adjust that with EVERY block the pool finds, since the total reward on EVERY block found varies.

So if they were actually ONLY taking 2.5% of all the blocks total reward found, then they are at a high risk of going broke.
This is all discussed here with examples based on 12.5BTC, so can be adjusted when the average reward is higher.
https://bitcointalk.org/index.php?topic=104664.msg48795003#msg48795003

[NovaBLock.com]

Firstly, you ignored the risk of the pool going broke.

And you are incorrect about PPLNS.

PPLNS is based on block+transaction fee reward for most PPLNS pools and since their pool fees are based on that, it is exactly clear how much PPLNS pools are charging you.
The pool income is indeed the total reward of the blocks found, and their profit is the exact fee % they charge on those blocks.

PPS/PPS+/PPS* pools make much more profit when luck is high and less profit when luck is low but also make much more profit when transaction fees are higher.
Overall it's next to impossible to tell how much fees they are making since the actual income and total payout of the pool is hidden.

The risk of the pool going broke on ANY PPS/PPS+/PPS* payout is related to the pool fees and how much BTC the pool keeps in their wallet.
This requires millions of dollars worth of BTC to be kept in the pool wallet, and high fees, to lower the risk of the pool going broke.
The 'expected' fee is the % of the total block+transaction fees they keep and if they correctly adjust that with EVERY block the pool finds, since the total reward on EVERY block found varies.

So if they were actually ONLY taking 2.5% of all the blocks total reward found, then they are at a high risk of going broke.
This is all discussed here with examples based on 12.5BTC, so can be adjusted when the average reward is higher.
https://bitcointalk.org/index.php?topic=104664.msg48795003#msg48795003

Thanks for letting us know about PPLNS. We have corrected the wording since some PPLNS pools do not include the transaction fees.

I notice that this is a common issue that you bring up within pool threads. There is no worry about going broke because we are not only a mining pool. We have multiple avenues of business such as: consulting, own/operate mining farms, design and construction of mining farms, hardware sales and more. In addition to this, we have strong financial backing so the risk of us going broke is very low.

Our vision is to become the largest mining pool in North America, this is not a short term plan.

[ogv]

Yes, finally a recieved my payment.
But this delay is pointing that your NovaPPS+ is a very strange reward system.
So i would recommend to think twice before point any ASIC gears to this pool.
Thanks.

[Steamtyme]

Yes, finally a recieved my payment.
But this delay is pointing that your NovaPPS+ is a very strange reward system.
So i would recommend to think twice before point any ASIC gears to this pool.
Thanks.

Was your payout delayed beyond the 4 am timeframe? If not then there really wasn't any issue, I've been on a few pools in the past that had a batched payout time each day; some allowed you to manually withdraw and pay a TX fee. The Nova PPS+ wouldn't have affected that; unless it caused the pool to become insolvent as Kano has mentioned with the pool assuming risk in these payout structures.
Either way glad you got it sorted out.

[Freemine-001010]

so i really like the North American Pool Idea !!  any way to verify this ?

i would also like to point my 90th away from the china pools

can i take advantage of the 0% fee for a detailed review,

all of my S9's are running the brains os with cron tabs to adjust cgminer

periodically throughout the day

Thanks for joining the fun !  

[MoparMiningLLC]

Was your payout delayed beyond the 4 am timeframe? If not then there really wasn't any issue, I've been on a few pools in the past that had a batched payout time each day; some allowed you to manually withdraw and pay a TX fee. The Nova PPS+ wouldn't have affected that; unless it caused the pool to become insolvent as Kano has mentioned with the pool assuming risk in these payout structures.
Either way glad you got it sorted out.

^^^ this.

the payments are calculated and paid out at different times.

The below is on their FAQ page - payments confirm at 00:00 GMT and payouts are between 02:00-04:00 (GMT) so that can be 2 to 4 hours after you see the confirmation.

3. Your bill for yesterday's reward will be confirmed by 00:00 (GMT). And the payout time will be 02:00 – 04:00 (GMT). In case of special circumstances, our payout time may be delayed.

As Steamtyme asked - when was your payment made? between 2 and 4 GMT after your confirmation? and then even once they issue the payment, it can take time (out of NovaBlock's control) for the transaction to be picked up and and processed/completed.

Can you post the Transaction id so that we can see?

[kano]

Firstly, you ignored the risk of the pool going broke.
...

The risk of the pool going broke on ANY PPS/PPS+/PPS* payout is related to the pool fees and how much BTC the pool keeps in their wallet.
This requires millions of dollars worth of BTC to be kept in the pool wallet, and high fees, to lower the risk of the pool going broke.
The 'expected' fee is the % of the total block+transaction fees they keep and if they correctly adjust that with EVERY block the pool finds, since the total reward on EVERY block found varies.

So if they were actually ONLY taking 2.5% of all the blocks total reward found, then they are at a high risk of going broke.
This is all discussed here with examples based on 12.5BTC, so can be adjusted when the average reward is higher.
https://bitcointalk.org/index.php?topic=104664.msg48795003#msg48795003

Thanks for letting us know about PPLNS. We have corrected the wording since some PPLNS pools do not include the transaction fees.

I know of only one - AntPool's PPLNS where they claim they give those millions of dollars every month to the developers ... lol.
What are the other ones that actually find blocks?

I notice that this is a common issue that you bring up within pool threads. There is no worry about going broke because we are not only a mining pool. We have multiple avenues of business such as: consulting, own/operate mining farms, design and construction of mining farms, hardware sales and more. In addition to this, we have strong financial backing so the risk of us going broke is very low.
...

It's an issue that exists with PPS style pools.
... and yet it is quite simple to point out that the statistics about that risk are what matters, rather than pretending it doesn't.

Block finding is a random event that can indeed send a PPS style pool broke or make them delay payouts if they don't have the BTC due to a down turn in luck.
Hopefully that person above isn't getting delayed payouts for that reason ...

You'd need to prove you have this backing and how much it is, since the amount of that money directly affects the risk of the pool going broke and that risk can also be directly calculated as given in my examples using Meni's paper.
Pretending it's something you don't have to worry about should be a concern to your miners ...

[MoparMiningLLC]

Hopefully that person above isn't getting delayed payouts for that reason ...

I believe his delay is that they calculate the payouts at one time and the payments are made at another time - all clearly stated in the FAQ's.

I initially saw a delay in my miner's payment but realized it is because they calculate rewards and process payments a few hours apart.

[DaveF]

Which when you think about it is probably a good / smart thing if they are doing it properly.

1) It allows time for a human to look at the numbers and see if anything seems off.
2) It allows people to possibly contact them and report a low payout amount before they are made.
3) If they keep their hot wallet low it gives more safety. Alice in payouts has to get BTC moved from Bob in accounting. Just another layer

Not saying that is what they are doing it, just that if I was doing it that is how I would.

-Dave

[NovaBLock.com]

Yes, finally a recieved my payment.
But this delay is pointing that your NovaPPS+ is a very strange reward system.
So i would recommend to think twice before point any ASIC gears to this pool.
Thanks.

Hi ogv, I have confirmed with my technical team that as of October 1, 12:12 AM PST, the reward was paid out to your account. I do not believe the delay is due to our rewarding system as outlined by everyone else above. If there are ever any issues, please don't hesitate to reach out and we'll make it right by compensating you for any losses

so i really like the North American Pool Idea !!  any way to verify this ?

i would also like to point my 90th away from the china pools

can i take advantage of the 0% fee for a detailed review,

all of my S9's are running the brains os with cron tabs to adjust cgminer

periodically throughout the day

Thanks for joining the fun !  

Hello Freemine-001010,

Our servers are in North America and our office is in San Jose California. The technical team resides in San Jose/San Francisco and additionally, on our team page you can see where the core members are located as well. I am based in Canada and we are looking for to partner with some larger well known companies in Canada and USA so keep an eye out .

Unfortunately, we are mainly offering our review to select individuals but you are definitely allowed to join the pool at the 2.5% fee that is currently set. If you send us an email at support@novablock.com and follow the instructions in the first post you may win the chance to have 0 fees.

Thank you for the warm welcome and we hope you join us on NovaBlock!

[...]

Hi Kano,

We aren't pretending its not something to worry about, but we have 700 PH on our pool that we are paying daily with no issues so no one else should worry here as well. We are only planning from growing by developing strategic partnerships so that our payouts and rewards can become more and more stable. If we ever see that we are going to be running into issues, we plan on providing everyone on the pool with some notice.

By the way, I thought the first rule of BTC was to never share how much BTC you own


To anyone attending WDMS in Frankfurt this year, the entire NovaBlock team will be attending, please send us a PM on here and we can try to arrange a meet up.

Thanks to everyone for being so welcoming to our pool.

[MoparMiningLLC]

... To anyone attending WDMS in Frankfurt this year, the entire NovaBlock team will be attending, please send us a PM on here and we can try to arrange a meet up.

Thanks to everyone for being so welcoming to our pool.

I would love to go but I doubt I will be - I wish they would hold one of these things in the US - much easier for me to get the time to attend.

[Steamtyme]

I hear yah, Maybe I can time an anniversary gift to the wife with one of these conferences by accident in the next couple years. I do still owe her a proper honeymoon. Apart from that I have updated my review thread with a 5 day earnings comparison. I also included a link to the spreadsheet I'm using. Here is the post. I  have also downloaded the App on my phone and will discuss it more once I am more familiar with it.

[MoparMiningLLC]

15 days in and here are my results - so far NovaBlock is more profitable but just by a small margin. Will need to also consider there is currently no fee for my mining on NovaBlock, add in NovaBlocks 2.5% fee and consider ViaBTC's merged mining and ViaBTC would be ahead. I will provide 2 more comparisons and then will provide an actual more in depth review of their site as well as the app.
I will state that both app and website are functioning and neither are difficult to navigate.

[Freemine-001010]

im also trying nova, looks nice, like the app ,

are the fees waived untill 2000 ph ?

[Steamtyme]

No the fee is reduced to 2.5% until the pool reaches 2000PH. If reviewing the pool through Vincent the fee is reduced to 0% for 1 month while conducting the review.

[NovaBLock.com]

Referrals

At NovaBlock, we strive to make everyone as profitable as possible and spread the wealth! This is why we are now excited to introduce the new NovaBlock Referral Program (NRP).

To spread the name of NovaBlock to everyone we are offering a reward for anyone that introduces new clients to our pool. Please let me know if you're interested in joining this program.

As we roll this out initially, we will focus mainly on referrals with greater than 5 PH. This is to ensure that we do not receive too much volume where we can't keep up/keep track of payments and referrals. We will slowly decrease the minimum size referral as we get more comfortable and streamline this system.

PM here if you are interested and we can send you a contract.


_______________________________________________________________________________ ___________________________________________
Merged Mining

We have heard your feedback, our goal is to make mining as simple and profitable as possible.

We will have an exciting announcement regarding merged mining coming soon in the next week or two. Look forward to it

_______________________________________________________________________________ ___________________________________________

Keep on letting us know what we can do better. If it can make everyone more profitable, we will implement changes right away. We have a team dedicated to updating our pool and make changes/upgrades as need be.

[wndsnb]

What is your roadmap for fees after 2000PH? Also, would you consider adding a PPLNS payout at a lower fee?

[Freemine-001010]

the block explorer is not updating very fast , hasn't registered the 2 blocks found on 10/4      597,797    597,798

also could you introduce a auto refresh feature on the workers dashboard page, as i have to refresh it manually to see the current hash rate of my workers

and a request on the pool stats could you put a marker on the graph / timeline to denote when blocks are found

Thanks

FREEMINE

[Inverse756]

Hello

Can not find infornation about blocks reach on your pool
Saw explorer here https://btc.com/stats/pool/NovaBlock

So on average pool finds 2 bloks per day with 700Ph
Even without addition rewards for commission it's 12.5 x 2 =25BTC
25BTC / 700 000Th = 0.00003571BTC/Th/day
But calculator on your pool show 0.00001987BTC/Th/day

What 2.5% for your commition from blocks rewards you tallking about?

0.00003571BTC/Th/day & 0.00001987BTC/Th/day  it's about 45%

[TheYankeesWin!]

You  don't understand  pps+ pool payout.  Here goes :

PPS+  takes finding block risk away from the miner and puts it on the pool.

So if novapool had  insanely good luck  and found 5 blocks a day  you get paid based on your hash  not the blocks found = good for novapool

on the other hand if novapool has really bad terrible luck  and finds a block every 3 days  you get paid on your hash not the blocks found. = good for you the miner

The larger a pps+ is the more risk it assumes each day if the pool has 700ph  and is paying at 0.00001920  they need to pay around 13.44 btc a day   as 700000th x 0.00001920 = 13.44 btc

So this pool risks a loss of 13.44 btc daily if it does not hit  a block on any day.

[MoparMiningLLC]

also could you introduce a auto refresh feature on the workers dashboard page, as i have to refresh it manually to see the current hash rate of my workers...

Mine auto-refreshes in what seems like 30 second increments.

and a request on the pool stats could you put a marker on the graph / timeline to denote when blocks are found...

I second this.

[Inverse756]

You  don't understand  pps+ pool payout.  Here goes...

I clear understand all "systems" PPS, PPS+, FPPS e.t.c
It was sarcasm

And I understand the fact that pools (PPS, PPS+, FPPS e.t.c) around the world each day keep about 100BTC for themself from really rewards + commissions for blocks which ordinfry miners finds

Just in this case stop tallking about commission 2.5% or any %, it calls some differnt way - you simplly pay as much as ready to pay for miners (shows on your calculator), and you kepp as much as you want for yourself

Only in case of fair PPLNS system you can serious tallking about any % for pool from general rewards of blocks to reach

[Freemine-001010]

so seems my dashboard is stuck on 9-29 , and wont switch over to oct ,  anyone else have this

activity, i would like to see the profitability graphs showing some details , but its stuck on  9-29 

NOVABLOCK prob needs to look into the css or code on the site and make sure its correct in keeping

up with the current time ect .


Thanks

FREEMINE

[MoparMiningLLC]

Their average from 8/14 to 10/01 is just over 3 blocks per day. (I am limiting to 10/1 as that is the last date showing on history page) also worth noting is that the following dates: 8/26, 9/4, 9/15, 9/16 and 9/30 are not on the history page - I would assume that means the pool found no blocks for these days - Please verify.

Anyways, my view on this is as follows:

Note: For all my calculations I am going to apply the daily average hashrate to the 5 days where no blocks were found.

The pool has found 151 blocks in the 49 day long period of 8/14 to 10/1, the total hashrate for this period is approximately 109,287.73 PH/s or 109,287,730 TH/s and the pool has collected 1,925.732394 BTC.

This would work out to an average of BTC to TH/s ratio of of .00005611 and this is the payment I would expect (minus pool fee) if this were a PPLNS pool.

Unfortunately, the price to pay with being part of a PPS pool is that you may end up giving up the majority of the earned reward. But it can work both ways - use the 5 days where no blocks were found. Miners are still paid for those days. So, if a pool has a run of bad luck, the miners will be safe from losses. And if the pool has a good luck streak, the pool wins and most likely ups the reward amount to compensate.

If a pool is lucky then the miners are losing out, and if the luck is terrible, the pool loses - though the pool takes the risk of going broke if the terrible luck persists which is entirely possible - having occurred with numerous pools in the past - and I believe this is why Kano always asks a PPS pool how much reserves they have.

Because of this, I firmly believe that PPLNS is the best payment method. But because my reserves are low (I really gotta stop buying new equipment) and I need to make a monthly amount, I do use some PPS pools. If my reserves were sufficient to weather the ramp up or if Kanos pool was not 140-150 day to ramp up, I would have all my miners there.

And that is why I am always willing to try different PPS pools to see which is most beneficial.

If for any reason, my calculations are wrong or am I completely off base with my above assumptions, please do correct me.

[philipma1957]

I doubt very much they have luck that good. I am tired and it is late but 3 blocks a day for 50 days when they should not make 2 blocks a day means they are over 150% luck for 150 blocks .  So I suspect the stats are wrong.

I think they must not be reporting the hashrate correctly. If they are and they had the luck posted I would think the odds are far more then 10000 to 1 to have luck that good.

[MoparMiningLLC]

I doubt very much they have luck that good. I am tired and it is late but 3 blocks a day for 50 days when they should not make 2 blocks a day means they are over 150% luck for 150 blocks .  So I suspect the stats are wrong...

if so, then they are being reported wrong, I simply exported the history page. 5 days were no blocks.

[philipma1957]

Either blocks made are wrong
Hash hashing is wrong

Or they had the luckiest streak ever

They should do and average of 1.1 blocks for each ofthose 50 days

Maybe 1.2 blocks for each of those 50 days.

They averaged 3.

So say 60 vs 150

I don’t think I have ever seen luck that good.

[MoparMiningLLC]

maybe i did the math wrong? check https://novablock.com/space/block

it reports in PH/s so the formula I did was simply (reward(block+transaction) divided by PH/s) then divided that by 1000 - to convert PH/s to TH/s

I have been up for neigh on 24 hours so maybe I made a mistake?

example: on 8/14 - they found 3 blocks so total reward was 38.39569278 BTC - I divided that by 696.23 so: ((38.39569278/696.23)/1000).

[philipma1957]

Tired 💤 I will look at math on sat.

[wndsnb]

Looking at the period where diff was 11.891T, 9/13 to 9/26, the site shows that they found 37 blocks. 700PH for this period should average 1.18 blocks per day, or about 15.4 blocks for the 13 day period. If I did my calculation correct, it would be about 1 in 500,000 chance of hitting 37 blocks in that period when you'd expect 15.4 on average. So it definitely looks like something is wrong. The hashrate would need to be closer to 1700PH to get this number.

I looked through a bunch of those blocks and the block rewards all go to the same address, 3Bmb9Jig8A5kHdDSxvDZ6eryj3AXd3swuJ. So It appears the blocks were mined by the same pool.

Maybe they have ~1000PH of their own that they are not showing in their stats.

[Biffa]

https://btc.com/stats/pool/NovaBlock

Shows their blocks.

Looks like so far in October:

1st - 1 block
2nd - 0 blocks
3rd - 0 blocks
4th - 2 blocks
5th - 1 block

[philipma1957]

Looking at the period where diff was 11.891T, 9/13 to 9/26, the site shows that they found 37 blocks. 700PH for this period should average 1.18 blocks per day, or about 15.4 blocks for the 13 day period. If I did my calculation correct, it would be about 1 in 500,000 chance of hitting 37 blocks in that period when you'd expect 15.4 on average. So it definitely looks like something is wrong. The hashrate would need to be closer to 1700PH to get this number.

I looked through a bunch of those blocks and the block rewards all go to the same address, 3Bmb9Jig8A5kHdDSxvDZ6eryj3AXd3swuJ. So It appears the blocks were mined by the same pool.

Maybe they have ~1000PH of their own that they are not showing in their stats.

Yeah that is the most likely explanation.  Which would mean  they are very well funded. So they should pay out consistently. Time will tell.

[Freemine-001010]

so again  , my dashboard is stuck on 9-29 showing no new stats anyone have this also ?

Thanks
FREEMINE

[NovaBLock.com]

so seems my dashboard is stuck on 9-29 , and wont switch over to oct ,  anyone else have this

activity, i would like to see the profitability graphs showing some details , but its stuck on  9-29 

NOVABLOCK prob needs to look into the css or code on the site and make sure its correct in keeping

up with the current time ect .


Thanks

FREEMINE

Hi Freemine-001010,

I will have the technical team look into it. I apologize for the delays as we are preparing to head to Germany for the WDMS Conference. Any lost hashrate or rewards we will make up to you if we can verify the issue was on our end, so don't worry.

I'll take note of your suggestion and tell the technical team so this does not occur again.

What is your roadmap for fees after 2000PH? Also, would you consider adding a PPLNS payout at a lower fee?

Hi wndsnb,

We expect that our fees will go back to 3.5% after the initial 2000 PH has been reached. Everyone that joins the pool prior to the 2000 PH mark will keep the 2.5% fee.

At the current moment we are not thinking of adding a PPLNS payout option but I will discuss with the team to see if it would be valuable to add.

also could you introduce a auto refresh feature on the workers dashboard page, as i have to refresh it manually to see the current hash rate of my workers...

Mine auto-refreshes in what seems like 30 second increments.

and a request on the pool stats could you put a marker on the graph / timeline to denote when blocks are found...

I second this.

Thank you for your suggestions, we will look into adding the marker on the graph as soon as possible for further clarity to our clients

Looking at the period where diff was 11.891T, 9/13 to 9/26, the site shows that they found 37 blocks. 700PH for this period should average 1.18 blocks per day, or about 15.4 blocks for the 13 day period. If I did my calculation correct, it would be about 1 in 500,000 chance of hitting 37 blocks in that period when you'd expect 15.4 on average. So it definitely looks like something is wrong. The hashrate would need to be closer to 1700PH to get this number.

I looked through a bunch of those blocks and the block rewards all go to the same address, 3Bmb9Jig8A5kHdDSxvDZ6eryj3AXd3swuJ. So It appears the blocks were mined by the same pool.

Maybe they have ~1000PH of their own that they are not showing in their stats.

Hi all,

All of the hashrate shown on the pool is accurate. While I cannot comment on how lucky we were during this period to find a large amount of blocks, I can confirm that we do not have any hidden hashrate shown. I do know that during the initial stages of release, we have always kept steady around 700 PH and that when we were initially put onto btc.com list (2 - 3 weeks after our start date) we found more blocks than expected and that showed our hashrate to be around 1500 - 1700 PH. This number has since been coming down to accurately represent our hashrate.

We need to provide accurate stats so our investors understand how well we are doing and how much hashrate we have accurately. The goal of 2000 PH is one set by our investor and so by hiding 1000 PH it provides us with no benefit and makes us look like we are further from our actual goal. In addition to this, it also makes us look bad to our investors and clients that are on the pool. I can say that the majority of the hashrate is not ours.

For clarity sake, we are adding another 100 PH to the pool around the end of October,.

Thank you all for your concerns and if you have any questions please don't hesitate to ask. We'll try to answer all enquiries in a timely manner.

Please note that there may be a small delay in responses due to us attending the Germany conference.

Vincent

[wndsnb]

All of the hashrate shown on the pool is accurate. While I cannot comment on how lucky we were during this period to find a large amount of blocks, I can confirm that we do not have any hidden hashrate shown. I do know that during the initial stages of release, we have always kept steady around 700 PH and that when we were initially put onto btc.com list (2 - 3 weeks after our start date) we found more blocks than expected and that showed our hashrate to be around 1500 - 1700 PH. This number has since been coming down to accurately represent our hashrate.

Any probability/Possion distribution gurus want to verify my #s?

It gets way way way less likely looking further back.

For the time when difficulty was 10.772T the pool found 47 blocks when 16.9 were expected, and during the 10.183T difficulty period it found 44 blocks when the expected was 19.2. So include the 11.891T diff period where the pool found 37 blocks when the expected was 15.4 and you end up with a total of 128 blocks found when the average expected blocks found should have been 51.5. The probability of finding 128 or more blocks when the expected on average is 51.5 is 1.998E-19, so basically 0.

I wasn't suggesting there would have been anything shady about having your own 1000PH that wasn't being reported on the website. It would have made sense if your goal was to get 2000PH of external hashrate.

[Philipma1957cellphone]

I guess they are the world's luckiest pool

[Freemine-001010]

Pool Name   NovaBlock
Hashrate   606.66 PH/s
Network Share   0.67%
    Last 6 Months   All Time
Block Count   81   81
Rank   19 / 27   65 / 93
Share of Blocks   81 / 27,242 = 0.30 %   81 / 598,031 = 0.01 %

btc.com has us at 81 blocks total

looks like their block explorer is off

[philipma1957]

81 vs 150 is a big error and drops the luck down to simply good vs unreal.

[MoparMiningLLC]

So the block history and btc earned reflected on novablocks history page is wrong? Who found the blocks listed on the site then?

anyone compare where the payments went that btc.com shows for the pool vs the ones that btc.com shows as not novablocks? I may do this when I get home.

Hard to do much of a review or in depth comparison if the data being provided is inaccurate.

[philipma1957]

So the block history and btc earned reflected on novablocks history page is wrong? Who found the blocks listed on the site then?

anyone compare where the payments went that btc.com shows for the pool vs the ones that btc.com shows as not novablocks? I may do this when I get home.

Hard to do much of a review or in depth comparison if the data being provided is inaccurate.

Yeah you can show the diff and what a 100% payout of 12.5 coins is.
You can show viabtc payouts
You can show nova payouts.

But if block reporting is wrong is is hard to show what is lost in trans actions. Oh well

[Freemine-001010]

yea now that im using the setup, i can see some inconsistency's  

after i commented on the block explorer @novapool it started updating with the 2 blocks found oct-4  

Also @novapool my weekly report is still not updating , so what ever you did to the explorer code needs to be
applied to the area or module that controls the current time relative to the graphs .
Lett's get this stuff worked out-

Thanks
FREEMINE

[Steamtyme]

Have you tried looking at some of these stats through the App? I'm away and can't check against the website to confirm any issues. I would be interested to see if you have the same errors across both platforms.
In regards to the reviews they are only a snapshot in time. With the payout structure of Novapps+ the blocks they find and transactions do not matter, as they stated it's a set estimated transaction reward based applied based on the amount of blocks expected, not actual found.

I did inquire as to how often it adjusts, if ever. If it does adjust could be based on average of last "x" blocks found or something similar. This would  then affect payouts.

I do agree though accurate pool stats are much more proffesional. That is why they have people reviewing and are actually responding and working to fix issues which is nice.

[Freemine-001010]

yea , i just wanted to chance to review it for the 0% , but alas im not worthy 

but ill do my best help out, REALLY WANT A USA POOL IN THE TOP 3 , China shouldn't have all the fun 

[wndsnb]

... btc.com has us at 81 blocks total

looks like their block explorer is off.

btc.com only started monitoring them on 9/6, but the history on novablock.com goes back to 8/14. The period when diff was 10.183T started on 8/18.

https://novablock.com/space/block

The blocks also seem to match up with rewards going into their btc address starting on 8/15, https://www.blockchain.com/btc/address/3Bmb9Jig8A5kHdDSxvDZ6eryj3AXd3swuJ?offset=250&filter=6.

[MoparMiningLLC]

but my point is this - how many blocks of they actually found? 50? 60? 150? if it really is 150, the set amount should be going up, not down. its dropped almost 6% in two weeks. If they are doing this well, I would think it would be higher but I do understand that with PPS it is just the set amount

[wndsnb]

but my point is this - how many blocks of they actually found? 50? 60? 150? if it really is 150, the set amount should be going up, not down. its dropped almost 6% in two weeks. If they are doing this well, I would think it would be higher but I do understand that with PPS it is just the set amount - the only problem with any PPS pool is that it constantly changes, so you really have to check it each day.

According to their site they've found a total of 154 blocks since 8/14. The rewards for the last 151 of those blocks go into the same btc address.

I have no idea how they calculate their payouts, but the point of PPS is that pool luck does not affect you. So I'd expect that if the pool got super lucky it would not have an impact on your earnings, the same is true if they are super unlucky. I'm not really sure what the meaning of "fee" is for PPS, and it is probably different for every PPS pool.

[MoparMiningLLC]

exactly, I get the whole PPS thing - but how they hell can their average be what it is? 154 blocks with a 700 ph/s pool is astronomical good luck - as everyone else is also pointing out.

[os2sam]

the set amount should be going up, not down. its dropped almost 6% in two weeks. If they are doing this well, I would think it would be higher but I do understand that with PPS it is just the set amount - the only problem with any PPS pool is that it constantly changes, so you really have to check it each day.

Pay Per Share payouts are calculated per each difficulty period.  So PPS Pools payout less each difficulty period when difficulty increases or more if difficulty decreases, which is very rare.  PPS does not change each day.

So if the last difficulty period increased by 6% then that would account for the 6% decrease in payout.  Difficulty gets recalculated approximately every two weeks.

[MoparMiningLLC]

Pay Per Share payouts are calculated per each difficulty period.  So PPS Pools payout less each difficulty period when difficulty increases or more if difficulty decreases, which is very rare.  PPS does not change each day.

So if the last difficulty period increased by 6% then that would account for the 6% decrease in payout.  Difficulty gets recalculated approximately every two weeks.

correct - was trying to be sarcastic, it failed - i will remove it.

[kano]

...
By the way, I thought the first rule of BTC was to never share how much BTC you own
...

If you want to run a public pool, then hiding information from your members that determines if the pool will fail or not, means they shouldn't mine here ...


As for block numbers and people making random calculations ... the calculation to determine the probability of the pool results is calculated using the Erlang CDF
https://en.wikipedia.org/wiki/Erlang_distribution#Cumulative_distribution_function_(CDF)

That's something I of course show on my site for block histories and ranges

No other pool seems to have anyone with much of an understanding of the statistics of the Poisson Distribution that governs block finding

[MoparMiningLLC]

well now 3 weeks in, Novablock is still slightly more profitable but that is due only to that I currently have a zero fee with Nova - with the fee of 2.5% it would be less profitable than ViaBTC (the pool I am comparing it to) the highlighted rows are where ViaBTC was more profitable.

[Mcdes]

Quick question. Is this comparing PPS im presuming (apples with apples)? rather than ViaBTC PPLNS?

[philipma1957]

Pretty sure it is pps to pps.

And viabtc give some shit coins not worth much but it makes viabtc a tiny bit better then this review accounts for.

Ie. If this review says 100.00 viabtc to 99.50 nova

It is more like 100.20 viabtc ti 99.50 nova.

That is off the top of my head. But it could be 10 cent not 20 cent for every one hundred usd in btc.

[MoparMiningLLC]

Yes it is pps to pps.

[Freemine-001010]

so nova...

things you need to work on.

1. have the worker section auto update as the hash rate does above it .
i have tested this and it needs to update at least every min,

2. add block notification bar on the graph denoting when a block was found and at what hash rate /diff

3. request to change graph info on dashboard page at the bottom,
i would like a drop down menu to change what the graph displays, as avg active workers is not useful for me
i would much rather see options to display on these graphs,  ie
network hash rate, or other stats none come to mind right now  , just a thought

The Good

1. paid on time.
2. block exlporer is now updating , and my dashboard is not stuck on sept 29th
3. USA BASED POOL YEA !!

was also wondering when the hash rate is going to jump , not sure you will reach 2000ph before the halfing
any thoughts ?

when does the payout get updated vs the diff

Thanks
FREEMINE

[kano]

Also needs to fix the thread title since they aren't the most profitable ...
Though I guess they may get some clueless miners that way also.

[Freemine-001010]

Also needs to fix the thread title since they aren't the most profitable ...
Though I guess they may get some clueless miners that way also.

you know  , your right im switching to KANO pool !!  asap

[MoparMiningLLC]

I agreed to do 30 days and I will honor that. I do like that they are US based but I am only finding them to be more profitable simply because I have zero fees. My 30 days are nearly up and I will most likely be transitioning from the pool as soon as I hit the payment threshold after the 30 day mark.

[MoparMiningLLC]

having now completed 30 days - here is my final review. Many of the things I will say have also been said above by others, so I apologize for any repetition.

I agree with Kano that with a low fee that the pool does risk going broke if the reserves are not sufficient, NovaBlock states that this is not an issue:

We have multiple avenues of business such as: consulting, own/operate mining farms, design and construction of mining farms, hardware sales and more. In addition to this, we have strong financial backing so the risk of us going broke is very low.

Some proof of that backing would still be nice.

I like that they added a referral program, though it is only for miners with 5 PH or more.

Referrals
At NovaBlock, we strive to make everyone as profitable as possible and spread the wealth! This is why we are now excited to introduce the new NovaBlock Referral Program (NRP).

To spread the name of NovaBlock to everyone we are offering a reward for anyone that introduces new clients to our pool. Please let me know if you're interested in joining this program.

As we roll this out initially, we will focus mainly on referrals with greater than 5 PH. This is to ensure that we do not receive too much volume where we can't keep up/keep track of payments and referrals. We will slowly decrease the minimum size referral as we get more comfortable and streamline this system.

PM here if you are interested and we can send you a contract.

And that they are adding Merged Mining (looks to be NMC based on rewards page showing NMC up near top right)

Merged Mining
We have heard your feedback, our goal is to make mining as simple and profitable as possible.
We will have an exciting announcement regarding merged mining coming soon in the next week or two. Look forward to it

The hashrate on the stats page - can that be verified? Up above, NovaBlock states they have 700 PH of their own hashing power on the pool - the page is showing that the pool has 715 PH (at this moment) does that mean that there are only 15 PH worth of miners here? While entirely possible, I would like that clarified. Mainly due to that the amount of blocks being reported as found by pool greatly exceeds the expected amount of blocks based on reported hashrate.

My suggestions for the website:

• Add a PPLNS - very little risk here for the pool as payments are only made to miners if the pool finds a block.
• Have auto-refresh enabled on the worker page
• Add block notifications with stats (hash rate/diff) This could be done on the graph on the dashboard or at least listed on a separate area
• Add options to the dashboard graphs that allow users to change date/time ranges
• Add other stats such as CDF, show pool luck over past 25, 50, 100, 250 blocks, maybe show which miner actually "found" the block

I have used their app as well since mining here - love the app, no complaints at all with the app.

Here is my final comparison on per TH rates as I compared them to ViaBTC.  NovaBlock did come in as a bit more profitable but only by about 1.5%, which would be due to my 0% fee for these 30 days - had they been charging me the 2.5% fee rate that they are currently advertising, ViaBTC would have been almost 1% higher. This is not a huge amount by any means. But with more hashing power it could easily add up.

[NovaBLock.com]

MINE BTC WITH NOVABLOCK AND GET REWARDED WITH NMC AS A BONUS!

What is NMC
NMC (Namecoin) is a cryptocurrency originally forked from bitcoin software. It is based on the code of bitcoin and uses the same proof-of-work (SHA-256) algorithm. But NMC is on a different blockchain from BTC’s and it can store data within its own blockchain transaction database.

Merged Mining
Users can be rewarded with NMC bonus when mining BTC with NovaBlock. There will be no extra cost for you, NMC is given to you for FREE at the same time as mining BTC!

How to set it up?
NovaBlock applies PPLNS rewarding system on your NMC rewards, which means your NMC rewards will be provided by real blocks found by NovaBlock. The reward will be saved to your NMC balance. When your NMC balance meets the minimum payout threshold (0.1 NMC), you can withdraw your NMC manually.
Reminder: Users need to set NMC payout address before being paid.

NMC payout address setting: [Account] – [Mining Group] – [Setting] – [NMC Payout Address]
NMC reward withdraw: [Workspace] – [Dashboard] – [My Reward] switch to NMC – [Withdraw]

Come mine Bitcoin with NovaBlock and get NMC as a bonus today.
With all the features and promotions above, why not join NovaBlock now and find more: www.novablock.com
You can also follow our social media below to keep updated with cryptocurrency related news and tips.

Facebook @novablock mining pool
Twitter @nova_block
Instagram @novablock_mining_pool

If you have further questions, don’t hesitate to contact us: support@novablock.com

[kano]

Well, if you mine every single namecoin block, that's a total of about $900 a day.

The pool is 700PH, the miners (according to further up) are about 15PH, so that's about an extra ... $19 a day for those 15PH of miners.
15PH currently makes roughly $2.3k a day

So as long as this pool find EVERY SINGLE namecoin block, that's a bonus of 0.8%

Now of course the pool doesn't find every single block - if they only find 10% of the blocks, that's a bonus 0.08%
If they find 1% of the namecoin blocks, that's a bonus 0.008%

Yep it's a complete waste of time.

Edit: and by the way, since your title says "The Most Profitable Mining Pool" yet your current reward depends on a temporary drop in fees, then I guess it would also be valid to say that my pool's history of paying an average 110.11% of 100%PPS for the last 30 weeks proves it's a lie

[Pyrojason]

Well, if you mine every single namecoin block, that's a total of about $900 a day.

The pool is 700PH, the miners (according to further up) are about 15PH, so that's about an extra ... $19 a day for those 15PH of miners.
15PH currently makes roughly $2.3k a day

So as long as this pool find EVERY SINGLE namecoin block, that's a bonus of 0.8%

Now of course the pool doesn't find every single block - if they only find 10% of the blocks, that's a bonus 0.08%
If they find 1% of the namecoin blocks, that's a bonus 0.008%

Yep it's a complete waste of time.

Edit: and by the way, since your title says "The Most Profitable Mining Pool" yet your current reward depends on a temporary drop in fees, then I guess it would also be valid to say that my pool's history of paying an average 110.11% of 100%PPS for the last 30 weeks proves it's a lie

Woah, hey now... if you bring logic into it you'll ruin all the.. "fun!"

[MoparMiningLLC]

I think the main issue is that the pool is showing their hashrate as around 700 PH - while block explorer show pool hash rate as being around 1400 PH - I believe their block finding rate and luck are appropriate for a pool the size of 1,400 PH.

https://btc.com/stats/pool/NovaBlock

NovaBlock has stated they have 700 PH of their own - my guess is the website is reflecting only the miners and does not include the 700 PH that NovaBlock also has mining.

[Freemine-001010]

I think the main issue is that the pool is showing their hashrate as around 700 PH - while block explorer show pool hash rate as being around 1400 PH - I believe their block finding rate and luck are appropriate for a pool the size of 1,400 PH.

https://btc.com/stats/pool/NovaBlock

NovaBlock has stated they have 700 PH of their own - my guess is the website is reflecting only the miners and does not include the 700 PH that NovaBlock also has mining.

would be nice to mention some of the ideas i had,   ie  block found indicator on graph,  update worker refresh area ,  add other graphing options ect ...

[MoparMiningLLC]

would be nice to mention some of the ideas i had,   ie  block found indicator on graph,  update worker refresh area ,  add other graphing options ect ...

I mentioned some of what you said in another post above

[Freemine-001010]

i did see that , but your "final review"  would be nice to receive a tip of the cap , as im reviewing the pool with no discount , and started listing improvements and good ideas  , pointed my 110 th to the pool and just started testing all the pages, and functionality,  not really looking to a who's pool pays more as in my mind its negligible difference unless with slush pool , but i really like the idea of US based Pools with US Farms and miners, but asside from my ego ..

would like to know if they have 700 or 1400 ph    . i seem to remember they said there is no hidden hash rate , they said all of it is displayed on the pool stats page,
with that being said , they are very very lucky,  it doesn't seem to add up with the blocks found vs hash rate of the pool

and btc.com has NOVA in the 1200-1800 PH buit says based on blocks . like the way they rate viabtc

i would like to see

1. Different options for payment scoring
2. updates to site to include auto refreshing, and much more options for the graphs and more data on the graphs ( im just looking a slush's interface and trying to take the best parts- as i think they have the best interface for miners - also i think they have the best software as well ( Braiins-os )
3. kano not posting here - we get it your pool is super profitable better then all others ( but only pays 3-5 times per year ..... ) no one wants to wait for that (u should update the 80's GUI as it might actually get you some miners - if you update and innovate vs. try to point out all possible flaws.  just my 2 ccents

[kano]

...
3. kano not posting here - we get it your pool is super profitable better then all others ( but only pays 3-5 times per year ..... ) no one wants to wait for that (u should update the 80's GUI as it might actually get you some miners - if you update and innovate vs. try to point out all possible flaws.  just my 2 ccents ,  

A review from someone who can't count ... well that's sounds like a good idea

Meanwhile on that math that actually shows something useful (like I show on my pool)

To get 200% luck over just 50 blocks - CDF[Erl] lower gamma is 1.17845e-08
So yeah wont be happening, (1/x)*50 is over 4billion - so about once every 4 billion blocks they find ...

[wndsnb]

...
To get 200% luck over just 50 blocks - CDF[Erl] lower gamma is 1.17845e-08
So yeah wont be happening, (1/x)*50 is over 4billion - so about once every 4 billion blocks they find ...

So either they are trying to be deceptive for some reason or their representative here is misinformed. Very strange.

[philipma1957]

Well does not matter how many blocks they hit since they don't pay as well as viabtc  so if you want  a pps+  viabtc is better.
If you don't mind variance then pools like ckpool or kano better in theory since they have no fee or very low fee.
Unfortunately the 1.02 ph I have is a 4 way spilt so I have to point to viabtc. As I have done for the last ten months.

I would rate  viabtc first then this second for pps+ pools

As for pplns pools  I don't rate them since I don't mine on them much.

[MoparMiningLLC]

[...]

I apologize if I did not list you specifically but I did state that the ideas were not mine alone and were listed by other users previously in this same thread.

So either they are trying to be deceptive for some reason or their representative here is misinformed. Very strange.

I think their hash power is more closer to 1,400 PH as shown on btc.com explorer.

[Freemine-001010]

no worries,

looks like we hit 1000+ ph

SO , NOVA....

when can we expect to see some of the basic requests either be installed and announced or put on the hold list ...

also how can i get a detailed rundown on my earnings and the fees withheld, if this is not yet available it would be first on my short list of enhancements.

[Steamtyme]

The earnings that show as your reward are just that your daily pps+ payout based on hashrate minus the 2.5% fee. Not sure what else you are looking for, it's not like when a pplns pool finds a block and they break it down as a per block reward

[Freemine-001010]

i understand that, i just wanted to see the "work" in the payout , ie  hash rate = x - 2.5 fee (x) = reward
or what ever the fee is , as i was told if in on the early under 2000ph you get to keep the 2.5 rate and any others after the
2000ph rate will be 3.5 ,  but i could be wrong . can you confirm .  NOVA ??

Thanks
FM

77.366 TH/s   @ 24hr        =     0.00139401 BTC   @Difficulty: 13,691,480,038,694   Reward (1T*24H): 0.00001875 BTC

just wondering if the above reward is correct, not sure the fee is correctly taken from the payout

[NovaBLock.com]

Hi Freemine,

If you are early, you get to keep the 2.5% fee rate. Anyone that joins after the 2000 PH mark will be required to pay 3.5% for fees. Of course, if you refer people to our pool, we offer monetary compensation and pool fee decreases, to list a few of the benefits.

The calculation for the rewards are as follows:

Reward = (userhashrate*(Block Reward + Transaction Fee)/(total hashrate)) – Pool Fee

I will confirm that your account is on the 2.5% rate. If anything is wrong we will correct it and pay you whatever the difference was. That is our promise to everyone .


Edit: Hey, i've confirmed that your account is on the 2.5% rate. If you have any concerns let me know.

[Freemine-001010]

so , nova , can you answer the following

1. when will merged mining go through,

2. do you plan on doing any other merged mining coins other thank name coin  (vchash, or Elastos )

3. when will the requests/improvements to the site begin to be seen
a. worker area refresh.
b. block indicator on graph

4. lastly i would like to ask for a detailed breakdown on the rewards section,

just to show us how the reward was reached. ***Ex    your rewards =  77.36 th @24 hrs = x  fee= 77.36x 0.000018xxx = 0.0000024xx ***

****THE ABOVE IS JUST AN EXAMPLE , I KNOW THAT IS NOT THE CORRECT FORMULA, JUST USING IT AS EXAMPLE ***



Thanks,
FM

[Steamtyme]

I have completed my 1 month review of the pool. Here is the review link again for anyone who missed it. I only took into account BTC earning for this review. This is my earnings spreadsheet for anyone to review. My final post in the review has my recommendations to improve the user experience.

Novablock - Thanks for the opportunity to review your pool. I hope you find this was done to your satisfaction.  Please let me know here, my review thread, or via telegram if I left anything out.

[Mcdes]

have created an account on the basis of your review! and now setting it as my rollover account for now. nice work!

[Freemine-001010]

HEY NOVA<  QUESTIONS ABOVE CAN YOU ANSWER THEM<

THANKS
FM

EDIT:

Was thinking you guys should start a discord room, for nova block  real-time messaging community
 
could attract other users

[MoparMiningLLC]

they have not responded to anything as of late - wonder if they got temp banned for spamming again?

[Steamtyme]

Hmm, hadn't thought about that. I just assumed they were okay with the review and didn't have anything to follow up with. I did reach out to them on telegram just now to check, and it looks like they are just busy for the time being. Sounds like they were at WCC, and travelling so we'll probably see them in the next couple of days.

[NovaBLock.com]

First of all, hello everyone. We are back from WCC and catching up to our messages, following up with people that we met. Great to meet anyone that attended and hope we can work together in the future.

We got to develop lots of partnerships and relationships while we were at the conference. When we finalize these, we will pass on the savings to you.

Additionally, we wanted to note that for our referral program, we will be accepting referrals of clients of around 1 PH in size. With the referral bonus, you may choose to have fees reduced or commission paid out. This means you have multiple methods to decrease your fees and increase your profitability.

We have also discussed a PPLNS option that will be available if we can get enough support (500 PH), we are in discussions with mining farms to see if there is interest. We can't promise this feature will be available but know that we have it on our radar. Our PPLNS fee that we implement will be in the 0.5 - 0.8% range if we implement it.

so , nova , can you answer the following

1. when will merged mining go through,

2. do you plan on doing any other merged mining coins other thank name coin  (vchash, or Elastos )

3. when will the requests/improvements to the site begin to be seen
a. worker area refresh.
b. block indicator on graph

4. lastly i would like to ask for a detailed breakdown on the rewards section,

just to show us how the reward was reached. ***Ex    your rewards =  77.36 th @24 hrs = x  fee= 77.36x 0.000018xxx = 0.0000024xx ***

****THE ABOVE IS JUST AN EXAMPLE , I KNOW THAT IS NOT THE CORRECT FORMULA, JUST USING IT AS EXAMPLE ***



Thanks,
FM

Hi Freemine,

1. Merged mining has been active since our post on October 18th, the setup guide is on page 5 of the thread.
2. We will provide support to any merged mining coins that receive enough support. Currently the only popular one that was requested was NMC.
3a. Worker area refresh is already added, I am unsure if you want something live or with a higher refresh rate but we think it is currently good.
3b. We do not see the need for a block indicator because our payout method is not dependent on blocks found. If we open our PPLNS section of the pool, we will add this feature
4. Our calculation method can be found in the image below.

https://imgur.com/a/0ebr4Gc

I have completed my 1 month review of the pool. Here is the review link again for anyone who missed it. I only took into account BTC earning for this review. This is my earnings spreadsheet for anyone to review. My final post in the review has my recommendations to improve the user experience.

Novablock - Thanks for the opportunity to review your pool. I hope you find this was done to your satisfaction.  Please let me know here, my review thread, or via telegram if I left anything out.

Hey Steamtyme,

Thanks for doing this review on our pool, we hope that it was an enjoyable experience. We will take your review into consideration.

To answer your questions in the review:

1) As mentioned above, if a worker name is incorrectly entered I would expect the pool to reject the shares. This will help miners notice an issue, and is a more honest way of doing business.
- I have brought this to the attention to my technical team and will suggest we fix this immediately.

2) When merged mining is implemented, either cash out the coins yourself and provide miners with an equivalent BTC reward. This would be beneficial for those that don't want the hassle of selling these coins. Convenience is key.
- I will discuss internally with the team if this can be added.

3) Implement the example of what your miner should look like somewhere visible on the dashboard. This could be a generic mock setup including the Stratum address, Miner setup, and password.

4) More clarity on what the the transaction portion is in your PPS+ system. Is it set in stone or will it adjust if transaction fees increase? There have been several times in the last few years where the transactions add 10-20% reward for the block finder. It would be nice to know you get a piece of that, should it happen.
- Please see the link here for details on how we calculate the transaction portion of our fee. It is not static and changes. https://imgur.com/a/0ebr4Gc

5) Leave your fee at 2.5%. This will provide you with a great advantage over other pools.
- We plan on having special fees for our Bitcointalk members, so please stay tuned. Keep in mind that the large pools that use a similar payout method (FPPS) generally charge 3% - 4%, this is due to the additional risk that pools take on.

6) My biggest advice would be to offer PPLNS with a lower fee. Your pool is a good size for that and it is a very attractive feature to many miners, especially if you a large enough to reduce variance.
- This is a possibility, we are currently discussing interest with larger farms. If a large farm is interested in it, we will open it up to our smaller users also.

Stay tuned for exciting announcements we will be having in the near future. 

[Steamtyme]

Thanks for the answers. I'm glad the review is what you were looking for, and appreciate you clarifying some points. I'll keep an eye on the pool for sure, as it's nice to see the willingness to shift directions to better serve a customer base. Best of luck in continuing to grow and build.

I definitely understand the point about your fees, I know there is a large risk to pools running a PPS+ payout structure, so hopefully there is enough interest from your larger miners to run a PPLNS pool.

[Freemine-001010]

Nova please check your pm's 

Hey Nova,

wanted to get a little info on how the mining groups work in regards to worker name, is there a wiki

i have 140 th currently, adding 490 th in the next week, but for the new miners i want them to be on the same account but in the different group , its a new location so i would like to have the mining rewards added up in that different mining group so i can keep things separated as i add and build to my setup.

also what i was talking about with the  "workers tab "  when you click on the workers tab the list of workers will not auto refresh, at the top  "total Hash rate"  that part will auto update,  but the section next to each workers name  "hash rate 15min" should auto refresh at the same rate as the top "total hash rate". i like to keep that list up at the locations and my workers can see each units output , and with the new gear S17 pro's i want to have that list up and not have to keep refreshing it to see each workers 15 min avg hash rate.

i would also like to ask for a "dark mode "  theme option on the home page , basically so the background is dark and the text is light. look at  https://dero.herominers.com/#  the sun/moon button is the dark / light mode

and lastly would you consider having a top #20 Miner accounts , basicly like a leader board ,  and i only say top #20 miners because i dont think i could make a top 10 just yet. here is an example: https://bitminter.com/livestats/big

Thanks
Freemine

examples taken in span of a couple min browser sitting on nova for hours - if i refresh the page is the only way to refresh individual worker stats

[MoparMiningLLC]

They could do this by adding sub-accounts.  Poolin does this for their miners - you can make a different sub account for each algo they use or even within an algo and assign the miners accordingly.

[Freemine-001010]

any updates?
also how does one use the worker group,  ie what do i put in the worker name to have its hash and rewards separate from main account

TY
FM

so how do you configure the miner to pop up in a diffrent group,

change the pw to the group remark ?

add the group at the end of miner name     ie     account.minername.groupname     ?

can you explain ? please

TY
FM

ok so after lots of trial and error ,

create mining group  , all lower case and only number(s) and letters

newminingroup.minername

there is a wiki im prob missing ,

thanks
FM

[NovaBLock.com]

Hello all,

I apologize for the lack of response and I will go through the messages and respond to everyone soon.

We have been working tirelessly on additional features and partnerships.

Partnerships:

1. OTC - NovaBlock and Secure Digital Markets have reached a strategic partnership. Secure Digital Markets is one of the largest OTC desks in Canada and trades billions of dollars every year. Secure Digital Markets has similar values to NovaBlock, such as providing transparency and lowest fees. Our goal is to ensure that our clients get the best value out of their bitcoin and their mining pool.

2. Immersion Cooling - NovaBlock and Immersion Systems have reached a strategic partnership. We believe that immersion cooling will be a cornerstone for mining in the near future and Immersion Systems is a client oriented team with values that align with NovaBlock of passing on all savings to clients. Immersion Systems is the leader in commercial scale immersion deployments and an internationally recognized brand. They have 100's of MW in the pipeline to be built and we are proud to be their partner. Our goal is to build the future of mining together and provide the most value to clients.

Features:

1. Hashrate transfer function - We have received requests from multiple clients regarding the ability to split hashrate on one account to different mining groups or wallets. This can be done with a set amount of hashrate or percentage of hashrate.

Additional information:

Check out this podcast by Scott Offord & JL Zoeckler from Beardmining for an opportunity to reduce your fees permanently to 1.8%! This offer is valid until January 20, 2020.

https://www.youtube.com/watch?v=rDMUWaHlras

[...]

Hi Freemine,

Follow the steps here to create a new worker group: https://support.novablock.com/hc/en-us/articles/360033763693-How-to-create-a-mining-group-

UserName.WorkerName

UserName - will be the working group you want to mine under (example, you could create UserName S17 for your new machines)
WorkerName - description for the specific mining machine

Alternatively, you can try our new transfer function and split the hashrate up by total hashrate or % and send to different wallets.

We will look into the refresh rate and get back to you.

Dark mode & leaderboard, unfortunately we do not think of these as necessities for the current moment. Our main goal currently is to add additional features that clients request for profitability, necessity that will expand our user base. I apologize for the inconvenience.

[Mcdes]

Check out this podcast by Scott Offord & JL Zoeckler from Beardmining for an opportunity to reduce your fees permanently to 1.8%! This offer is valid until January 20, 2020.

https://www.youtube.com/watch?v=rDMUWaHlras

Can we get the 1.8% if we already have an account? Or is this for new accounts only? Any conditions?

[NovaBLock.com]

Can we get the 1.8% if we already have an account? Or is this for new accounts only? Any conditions?

Hey, you can always add new invitation codes to your account. This way even if you have a previous used invitation code you can always reduce your pool fees, which is what we want to do for everyone.

Go to my account and there should be a section called invitation code. Use the new invitation code and it will override anything on your account previously. With no code, this would mean your fees go from 2.5% to 1.8%.

Let me know if you need any additional support.

[Mcdes]

Perfect done! thanks!

FYI, i could only do it in the app, as on safari or brave, that accounts page wont show anything online.

[NovaBLock.com]

NovaBlock has reached 2130 PH and become one of the top 10 public mining pools in the world!

The pool fee has been updated from 2.5% to 3.5%, but for members of Bitcointalk, you can reach out to us directly for lower pool fees. Clients with large hashrate are welcome to join and we can provide custom offers.

We thank everyone for the ongoing support as we look to become the top mining pool in North America.

Mine on!

https://imgur.com/a/11j7SLl
See above photo for evidence as of April 2, 2020.

[kano]

..
We thank everyone for the ongoing support as we look to become the top mining pool in North America.
..

Well looks like you didn't become the top after all and sold out to p00in

I wonder if that was a 'going broke and not enough BTC held to cover down turns in luck' as per Meni's stats I've quoted many times about PPS

Or could it have been poor statistical analysis of the mining going on with the pool, and not noticing losses that could have been avoided?
(though no pool except mine seems to do this analysis anyway)

Alas the spike in BTC value after you sold the pool seems like the sale was poorly timed.

[Steamtyme]

The only thing that really annoyed me about this was that they just shifted all the hashrate over, instead of allowing miners to fail over to their back-up pools. I still have a few things to look over to be sure they at least sent out final payment balances but can't be sure.

Best case scenario they got a couple days free hash off me.

[mikeywith]

Well looks like you didn't become the top after all and sold out to p00in

They advertise themselves as "the top mining pool in North America" or at least that was their mission, I am pretty sure most of their clients joined them for that exact reason, another portion must have joined them because they are Non-Chinese which was a bit of a counter measurement against Chinese mining pools, and the irony is that they had to capitulate to the largest mining pool which so happened to be Chinese.

(though no pool except mine seems to do this analysis anyway)

It seems like nowadays all you need is a ton of BTC to own a large mining pool, Binance is a newbie in the mining industry, with less than a year around they managed to secure 10% of the total hashrate, it doesn't seem like the perfect code and analysis matter anymore, just own enough bitcoin to offer 1-2 months of free PPS+ payment and you end up with 16EH worth of hashrate.

[neutraLTC]

The only thing that really annoyed me about this was that they just shifted all the hashrate over, instead of allowing miners to fail over to their back-up pools. I still have a few things to look over to be sure they at least sent out final payment balances but can't be sure.

Best case scenario they got a couple days free hash off me.

don't worry, nothing has been stolen and all payouts are accounted for. if you do see an issue... please reach out to support@poolin.com or TG support here: https://t.me/poolincommunity