A1BITCOINPOOL (OP)
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January 18, 2012, 09:36:56 PM
Last edit: February 16, 2012, 07:31:19 PM by A1BITCOINPOOL |
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http://www.a1bitcoinpool.com/images/a1logo.pngIntroducing A1 Bitcoin Mining Pool!http://www.A1BitcoinPool.comPool SpecsFeaturing Proportional Payout System with 0% Fee High speed server with i7 Quad Core CPU & 8 GB Ram Super fast pool back end running the incredibly efficient java based PoolserverJ RC7 including its Local WorkMaker Engine with gives work at up to 10X Faster than Traditional Bitcoin RPC Less then .20 % stales Payout system informationThe proportional payout system has recently become very controversial due to the fact that it is possible for pool hoppers to exploit the system and increase their profits, possibly at the expense of other miners. Proportional payouts are the first payout system ever used in a Bitcoin pool and are still being used today including by the famous Deepbit. Although there are other payout options available to miners and mining pools that are much less exploitable, proportional payouts are still in demand by some miners and it is currently the only payout system that we offer. For more detailed information on all the payout systems available to mining pools including proportional - please follow this link: https://en.bitcoin.it/wiki/Mining_pool_reward_FAQle We believe it should be your choice to pick the pool and the type of payout system you want to use, please use the information available to become acquainted with Proportional payouts, by mining at our pool we assume that you understand how payouts work and that you are willingly choosing to mine Proportional despite the potential for someone to exploit it.
We want you to be informed and most of all we want you to mine with us because you want to - we do not want anyone to ever feel like they were tricked or scammed, that is not what we are about.
History of A1BitcoinPool.com
I have always dreamed of running my own Bitcoin pool, Unfortunately I am not a programmer but through the help of some friends and opensource software I was able to realize this dream.
My first attempt at starting a pool was TNTMining.com, There were a lot of mistakes made at TNTMining.com due to my inexperience and that inexperience showed. TNTMining quickly failed and was taken off line.
Any miner who submitted any substantial amount of shares at TNTMining.com was paid for their mining even though no blocks were solved at all, I did not want anyone to feel like they were short changed.
Although TNTMining.com was a failure I still wanted to give it one more try, so I came up with the idea of A1BitcoinPool.com, I made some changes like putting it on a faster server, and changed the way the site looks and operates. The reason I changed the name was because I wanted a fresh start, it was never about a scam I just did not want the baggage from TNTMining sinking A1BitcoinPool before it even starts, a lot of people throw around the word scammer but the fact of the matter is not a single person can say I have ever scammed them in any way, and I know if you give me and my pool a chance you will see that I am honest and a great person to work with.
So please give us a chance and come mine with us and if there is constructive criticism any one has on how I can make improvements - I am always listening! |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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A1BITCOINPOOL (OP)
Newbie
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Activity: 56
Merit: 0
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January 18, 2012, 09:37:49 PM
Last edit: January 18, 2012, 10:08:53 PM by A1BITCOINPOOL |
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Sorry everyone not sure what happen to my last thread, it kind of vanished so I had to repost it. Thanks.
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sadpandatech
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January 18, 2012, 11:17:50 PM |
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Heya, just posting to say I have mined for this OP in the past and was always paid out as agreed upon.
I'm currently pointing 4 miners at him to try and break that first block ice. Join in, I promise you wont contract any venereal diseases...
Derek
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If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system.
- GA
It is being worked on by smart people. -DamienBlack
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martychubbs
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January 19, 2012, 07:11:41 AM |
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I am having connection issues, high rejects... Anyone having the same experience?
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sadpandatech
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January 19, 2012, 07:56:18 AM |
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I am having connection issues, high rejects... Anyone having the same experience?
none here, m8. try pinging a few places and the pool? |
If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system.
- GA
It is being worked on by smart people. -DamienBlack
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A1BITCOINPOOL (OP)
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Activity: 56
Merit: 0
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January 19, 2012, 04:27:11 PM |
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Nobody else has complained about connection issues. Not sure why you are having this issue.
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Inaba
Legendary
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Activity: 1260
Merit: 1000
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January 19, 2012, 04:38:53 PM |
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I can't connect, but I suppose that's cause I'm banned. derp.
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If you're searching these lines for a point, you've probably missed it. There was never anything there in the first place.
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martychubbs
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January 19, 2012, 07:38:58 PM
Last edit: January 19, 2012, 07:52:41 PM by martychubbs |
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Nobody else has complained about connection issues. Not sure why you are having this issue.
I'll keep an eye on it and see if it continues... I can't connect, but I suppose that's cause I'm banned. derp.
Inaba, would you be nice and not give the op a hard time? I would love to share the block with you, as well as your insight. I am also a member of your pool... A1, the hash-power is needed and forgiveness is a value of mine. So as a member, I hope you let him back on. Pool Ops - Please let the market decide where hashs should go, it will always pick the most efficient pools. Live and let live... Members and Pool Ops don't like to mine with jerkoffs, it is one of the 100 truths of Bitcoin. I am working on 99 more truths I learned the hardway...  TNTmining failed cause the payment system changed without notice...I think the lesson was learned. |
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A1BITCOINPOOL (OP)
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Activity: 56
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January 20, 2012, 02:20:39 AM |
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Come mine with us, the 10 BTC prize is still up for grabs.
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dirtycat
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January 20, 2012, 11:19:24 PM |
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ill give it a whirl!
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poop!
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A1BITCOINPOOL (OP)
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January 20, 2012, 11:22:43 PM |
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Thanks, hopefully we get a winner soon.
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BCMan
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January 21, 2012, 05:44:29 AM |
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Infamous Deepbit? What's up with Deepbit?
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A1BITCOINPOOL (OP)
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January 21, 2012, 05:47:37 AM |
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Not sure what you mean.
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BCMan
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January 21, 2012, 05:55:05 AM |
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I'm also not sure what you mean. Why infamous? It has a bad reputation or something?
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A1BITCOINPOOL (OP)
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Activity: 56
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January 21, 2012, 06:04:41 AM |
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Thanks for pointing that out, I changed it.
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sadpandatech
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January 21, 2012, 10:46:02 PM |
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Still 10BTC there up for gabs just for finding the first block..
gogogo =)
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If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system.
- GA
It is being worked on by smart people. -DamienBlack
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A1BITCOINPOOL (OP)
Newbie
Offline
Activity: 56
Merit: 0
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January 22, 2012, 12:45:03 AM
Last edit: January 22, 2012, 01:00:31 AM by A1BITCOINPOOL |
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I just increased the first block bonus to 13 BTC. Come help us solve that first block and get a 13 BTC Bonus. Best deal out there.  |
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dirtycat
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January 22, 2012, 06:03:14 AM |
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This is exciting.. hope I get it! ha ha
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poop!
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P4man
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January 22, 2012, 09:00:10 AM |
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Im mining here with a single rig, because more pools=better IMO and so Ill help with the first block.
But Ill be honest, it makes no sense. The proportional payout is a non starter. There is a reason nearly all other pools changed to different systems.
I joined in when you were over 1.5M shares already. Now its at 1.8M and there is no way I can make a profit. Either this will be a long block and Ill lose because of it, or it will be found shortly, and Ill lose because of the proportional payout to all the "smart" miners who have already stopped mining there. I guess the best I can hope for is that the first block is found asap, minimizing my loss. Then Ill do what everyone else with a clue will do: Ill keep mining the second block until you get to a ~40% CDF.
Bounties are not changing anything here. Its not sustainable, and pool hoppers would have equal chances to win the bounty anyway, on top of improving their per share payout significantly by jumping ship at the right moment. 10BTC bonus on a 50BTC blocks is also "only" 20%. Pool hopping will gain you more than that, or put differently, the ones that dont hop risk losing more than that. You cant blame hoppers either. Or you can if you like, but its not going to change a thing.
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martychubbs
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January 22, 2012, 02:50:35 PM |
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Bounty rewards encourage block completion, and I think it is just a promo. Also, hopping doesn't produce rewards greater than 20%...on average, or just maybe cause I suck...
I think hopping is just something to do while we all watch for the pot to boil.
Pool hash rate is 18 GH, if it were all hoppers, it would be donuts, baby... So, hoppers mix up variables so that they can help complete rounds or avoid what everyone else is doing...
Mine late and be the first to snag a share on the the new block!
Otherwise, you are right...
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