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

[kano]

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The personal attacks seem to stem from the belief that I should not give them an opportunity to address the community’s concerns before ending my involvement with their signature campaign.

"Personal attacks" ?

I have made an on topic claim about you regarding this pool, that you accepted payment about a lie for this pool.
It is even possible that you knew about it at the start - though your sig thread has been edited since then.
You did know about it when you posted here (since your first post subject states the lie)

You on the other hand have come up with many and various false "personal attacks" about me that also have nothing to do with this pool

[1715100707]

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[OgNasty]

"Personal attacks" ?

I have made an on topic claim about you regarding this pool, that you accepted payment about a lie for this pool.
It is even possible that you knew about it at the start - though your sig thread has been edited since then.
You did know about it when you posted here (since your first post subject states the lie)

You on the other hand have come up with many and various false "personal attacks" about me that also have nothing to do with this pool

If you had an issue with the campaign, you could’ve sent me a PM alerting me. Saying I can be bought because I am willing to help users here by offering various services is ignorant and foolish. It was an unnecessary shot at me as I became aware of this issue. At least put up the 10 BTC to become a Donator here if you want to look down and speak negatively about my, “easy to buy "Legendary" account.”

I’ve been told the no fees claim would be removed from the website and am awaiting the update.

[OgNasty]

The mention of no fees has been removed from the website. I apologize to those who felt I should have done more and thank those who were instrumental in having this change made. Perhaps down the line we will get a more detailed description of how the pool rewards are distributed.

[MoparMiningLLC]

The mention of no fees has been removed from the website. I apologize to those who felt I should have done more and thank those who were instrumental in having this change made. Perhaps down the line we will get a more detailed description of how the pool rewards are distributed.

they should have the detailed description up front, not down the road though. but yes, I do see that the zero fees has been removed.

[Artemis3]

The mention of no fees has been removed from the website. I apologize to those who felt I should have done more and thank those who were instrumental in having this change made. Perhaps down the line we will get a more detailed description of how the pool rewards are distributed.

This is good news. But why did he not bother answering in this thread using his own account? He needs to clear legitimate doubts if he wants to gain the trust of the community. Not with slogans, but with transparency.

OgNasty is only a signature manager, the Sigmapool operator -SigmaPool- should have been the one addressed here.

[mikeywith]

A year and a half later, the pool has not gone bankrupt and they now have close to 700PH, I wonder what went wrong with Kano's math. 

[philipma1957]

A year and a half later, the pool has not gone bankrupt and they now have close to 700PH, I wonder what went wrong with Kano's math. 

You are wrong he did the math perfectly.

But he misapplied the formula which I clearly explained to him which is the cause of him hating and attacking me.

The white paper of Meni Rosenfeld  the creator of the formula that kano correctly applied states the bigger the pool is the greater the risk is.

Since the pool is only 700ph which is around .4% of the network they simply can't fall behind 4000 coins.

.4% =   .576 blocks a day. back then it would be 7.2 coins a day. now it would be 3.6 coins a day

so in order to fall 4000 coins behind they would need to miss blocks 600 days in a row to get to lose 4000 coins back then

or 3.6 x 600 to lose 2000 coins now.

   This is the start of my war with kano.  Sad so sad.

[mikeywith]

It's worth saying that the pool now charges 2.5% fees, and they moved from PPS to FPPS, but they didn't bother updating this in the forum, apparently just like most other pools they use the forum to get a kick-start and once they start making money they stop caring about the forum.

Which means they now operate in a less-risk environment and even by strictly following Meni's numbers they now require a lot less coins.

(6.25 *ln 1000) / (2*0.025) = 863 BTC to have a 0.1% chance going bankrupt, Meni's study is pretty accurate but very conservative, so as far as your debate with Kano I can't take sides because your approach is more of a real-life scnerio where it's very unlikely for a pool to not hit a block for 600 days while Kano's approach strictly counts on the reserve formula, now if I was to ever run a PPS pool I would certainly go by the book and apply Meni's math (which means I will never be able to run such a pool), but seeing pools like Sigma which most likely didn't have over 4000 coins when they started, it's a proof that the standards can be lowered, but as a miner I rather mine to a PPS pool which I know have a ton of reserves to reduce my risk.

[Philipma1957cellphone]

I simply read Meni's white paper which says the larger percent of the network the greater the risk.   My real world numbers show that more then ten percent of the network would chew up the reserve far more quickly then under 1 % of the network would chew up the reserve number kano used.  It quickly degenerated into a name calling and now it most likely will never be repaired.

Btw the pool decided to switch and survived so maybe kano was right about them not being able to sustain the payout long term.

Does not matter much as the damage is done.