NovaBlock, The Most Profitable Mining Pool

[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.

[1714100901]

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[1714100901]

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[1714100901]

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[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.