[18 GH][0% Fee] A1BITCOINPOOL.COM 20 BTC BONUS PROPORTIONAL POOL

[legolouman]

Slush had a 9M block not long ago... But if this one gets to 10M i would advise the pool OP to take a good look at the code.

No one take this the wrong way, but my understanding is that OP is a little inexperienced. If it hits 10M, I'll get scared.

[P4man]

I've been wondering that for like a week. It should not take this long to find a block, good OR bad luck.

There is no upper limit to how long it can take to mine a block. He's at what, 7M now? Thats bad luck, but not extraordinarily so.  Assuming it is bad luck and not bad programming, thats always the worry with a new pool and a long first block.

Anyway, I dont see the point of continuing this. It would make more sense to just pay it out and switch to PPLNS asap, so perhaps people want to join without being paid 120% PPS.

[AniceInovation]

The front end is fixed

[A1BITCOINPOOL]

Sorry we are still working on fixing the load time on the web pages.

[legolouman]

I've been wondering that for like a week. It should not take this long to find a block, good OR bad luck.

There is no upper limit to how long it can take to mine a block. He's at what, 7M now? Thats bad luck, but not extraordinarily so.  Assuming it is bad luck and not bad programming, thats always the worry with a new pool and a long first block.

Anyway, I dont see the point of continuing this. It would make more sense to just pay it out and switch to PPLNS asap, so perhaps people want to join without being paid 120% PPS.

True. Either way, I love this pool to death, so I'm going to roll with it. He's done a great job staying on top of things, and keeping everything running as smooth as possible. Not to mention, being a small pool, I feel I'm doing my part for the community.

[AniceInovation]

Slush just had a 11 hour, 12 MILLION block.

We are only 5M shares away

[martychubbs]

Slush just had a 11 hour, 12 MILLION block.

We are only 5M shares away

On the first block too, kinda sucks, but, what if we knock off second and third block on 500k each...  A1 will take a victory lap!

[P4man]

True. Either way, I love this pool to death, so I'm going to roll with it. He's done a great job staying on top of things, and keeping everything running as smooth as possible. Not to mention, being a small pool, I feel I'm doing my part for the community.

I admire your persistence. But have you done the math on how much the shares you submit now are being rewarded? You are mining at 19% PPS. That makes deepbits ~90% PPS look like the bargain of the century.
The poolhoppers and anyone that has contributed shares early on thank you for the continued effort.

 I sure hope you catch that jackpot...

[martychubbs]

True. Either way, I love this pool to death, so I'm going to roll with it. He's done a great job staying on top of things, and keeping everything running as smooth as possible. Not to mention, being a small pool, I feel I'm doing my part for the community.

I admire your persistence. But have you done the math on how much the shares you submit now are being rewarded? You are mining at 19% PPS. That makes deepbits ~90% PPS look like the bargain of the century.
The poolhoppers and anyone that has contributed shares early on thank you for the continued effort.

 I sure hope you catch that jackpot...

The people who took the PPS should be paid out of A1 pocket, I thought, in order to find a block.  Paying 120% to find a block and 20 btc to the block finder, shows A1 is really committed to mining a second block.  My shares are all prop and 7 million sucks...  So, I hope I get a better shot on round 2. 

This is what inspires our persistence “But resist, we much… we must… and we will much… about… that… be committed.” – Al Sharpton, August 9, 2011

[bronan]

About block size i think there is no limit on how many shares a block can be
We saw last time ozcoin hitting 21 million or something and they had earlier also several huge 12 million+ btc blocks in the paste so ..... 7m is bad and nasty but it can be much bigger as been proven
Now do not get me wrong i do not like those big ones one bit and i think maybe there should be a max possible blocksize somehow
But i fear its not going to happen, you either am lucky or on each round  ...

[P4man]

The people who took the PPS should be paid out of A1 pocket, I thought, in order to find a block.

 

Yeah, I assume the fast miners there now took that option. But paying 120% to find a block also doesnt make a lot of sense for the pool. Thats why I suggested he cut his losses, and pays out this block even if its not found, and switches to a payout system that can attract new miners without having to pay them 120%. If the bad luck continues that 120% PPS and possibly 20 BTC  bounty might end up more expensive than paying a one time 50BTC learning fee while delaying his pool from taking off.

[Inaba]

Didn't I say that two weeks ago?  Yeah...

I understand the psychological need to finish the block, but you need to weigh that against the hard numbers.  You're better off cutting your losses now and not falling into the Gamblers Fallacy.  It's a hard road to hoe, as far as overcoming it psychologically, but let the math be your guide.

Cut your losses.

[martychubbs]

The people who took the PPS should be paid out of A1 pocket, I thought, in order to find a block.

 

Yeah, I assume the fast miners there now took that option. But paying 120% to find a block also doesnt make a lot of sense for the pool. Thats why I suggested he cut his losses, and pays out this block even if its not found, and switches to a payout system that can attract new miners without having to pay them 120%. If the bad luck continues that 120% PPS and possibly 20 BTC  bounty might end up more expensive than paying a one time 50BTC learning fee while delaying his pool from taking off.

Why would he cut his losses, "build it and they will come?" He is running a prop pool and a long round is expected.  Once he finds a block the miners will return and some may stay on to finish the block, charity hopping is a feature to hop with.  See, more hoppers have access to his pool now, but have been hesitant to hop due to TNTmining,his all to good to be true quest to get his first block, and most people got in later in the block, like you.  I really think he wants to run a pool and has been looking to shoulder the cost of doing so.  He is a hopper too and wants to run a prop pool, so I can see why he would do this (he is CrAzY.)

P4, you know it was a prop pool, you gave hashes.  If you want less stress, why not go back to you favorite PPLNS pool and focus on miner efficiency and optimization?  You are free to mine anywhere, unless you come from a PPLNS pool and want to maximize your return.  I am on your side until you try and change the pool to suit your mining preference.  I choose EMC/Oz/BP for backups cause they have to type of pool I need, plus has MM (and love, love you guys.)  Hope you understand, cause I hop, just suck at it.

Advice, best way to save miners is to create a fair pool of your own and you will attract miners that favor your arguments.  Then I will post on your thread that your miners should ask you for a prop pool cause they can do better! Not really...just venting.  It still is a free country, starting revolutions will make us all less free.

[martychubbs]

Didn't I say that two weeks ago?  Yeah...

I understand the psychological need to finish the block, but you need to weigh that against the hard numbers.  You're better off cutting your losses now and not falling into the Gamblers Fallacy.  It's a hard road to hoe, as far as overcoming it psychologically, but let the math be your guide.

Cut your losses.

That would be too rational! 

[DeathAndTaxes]

The people who took the PPS should be paid out of A1 pocket, I thought, in order to find a block.

 

Yeah, I assume the fast miners there now took that option. But paying 120% to find a block also doesnt make a lot of sense for the pool. Thats why I suggested he cut his losses, and pays out this block even if its not found, and switches to a payout system that can attract new miners without having to pay them 120%. If the bad luck continues that 120% PPS and possibly 20 BTC  bounty might end up more expensive than paying a one time 50BTC learning fee while delaying his pool from taking off.

Why would he cut his losses? He is running a prop pool and a long round is expected.  Once he finds a block the miners will return and some may stay on to finish the block, charity hopping is a feature to hop with.  See, more hoppers have access to his pool now, but have been hesitant to hop due to TNTmining,his all to good to be true quest to get his first block, and most people got in later in the block, like you.  I really think he wants to run a pool and has been looking to shoulder the cost of doing so.  He is a hopper too and wants to run a prop pool, so I can see why he would do this.

You are aware he will be changing the reward method to PPLNS after this block?
You are aware nobody will hop into a pool where the value for the "next share" is now 80% less than PPS?

Hope you understand, cause I hop, just suck at it.

Um that is like saying I am a bad miner because I am not good bad grades in Calculus.  The hop points are determined by the mining software.  There is no skill.

[martychubbs]

You are aware he will be changing the reward method to PPLNS after this block?
You are aware nobody will hop into a pool where the value for the "next share" is now 80% less than PPS?

Hope you understand, cause I hop, just suck at it.

Um that is like saying I am a bad miner because I am not good bad grades in Calculus.  The hop points are determined by the mining software.  There is no skill.

You are aware he will be changing the reward method to PPLNS after this block?

No, i didn't know...that would be stupid, now I feel stupid.

Um that is like saying I am a bad miner because I am not good bad grades in Calculus.  The hop points are determined by the mining software.  There is no skill.

There is skill, otherwise everyone would do it and not condemn what they don't understand.  And I did really good in calculus...I understand how it hopping works...I don't see the correlation...

A1, is he just having a laugh at my expense?

[P4man]

 I choose EMC/Oz/BP for backups cause they have to type of pool I need, plus has MM (and love, love you guys.)  Hope you understand, cause I hop, just suck at it.

You dont seem to understand what is meant by hopping; hopping doesnt mean switching pools whenever you feel like it. Hopping in this context means joining a proportional pool at the beginning of a new block and leave at the latest at 47% CDF. Doing so increases your profits substantially at the expense of people that dont hop, taking maximum advantage of lucky short blocks without suffering nearly as much on long blocks. You might begin to understand that if you calculate your current reward per share, why its smart to avoid that.

The other pools you mention are not proportional, they all use hop proof payout mechanisms. That means you can join or leave whenever you want without impacting your average reward, because your payout is not based on (known) past luck but (unknown) future luck.

[A1BITCOINPOOL]

UPDATE:  We are still working on fixing the loading issue of the pages.  The websites offline but your shares are still being counted.  Thanks for your patience. 

[dirtycat]

i was gonna keep mining here.. but.. wayyyyyy tooooo long for a block.

[A1BITCOINPOOL]

Our system was hacked last night.  As soon as I can get the data payments will go out.