[CLOSED] MaxBTC.com Pool - Closed Indefinitely Aug 3rd 2013

[btcx]

UPDATE 03/Aug/2013:  MaxBTC.com Pool has closed indefinitely.  Payouts will be processed within the next 48 hours.  Big thanks to all our miners!  Hopefully, we can continue our relationship over at Kraken.com

Hey guys, we've just opened our Bitcoin mining pool up to the public.  I hope you give it a test run and let us know what you think!

https://www.maxbtc.com

Features:
Merged mining with NameCoin
Zero Fees
Double Geometric Payout Method
Long Polling
Automatic & Manual Payouts to 8 Decimal Places
Configurable Idle Miner Notification
Email & Wallet Locking/Unlocking
Mining on Ports 8332 & 80
SSL
API
Two-Factor Authentication with Yubikey and Google Authenticator (HOTP and TOTP)
Support Ticket System & Community Forums
Awesome Stats & Graphs
Direct & Instant Payouts to Ogrr.com


Coming Soon:
Withdrawal to PayPal & Moneybookers

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[roomservice]

Nice Website. I wonder which Double Geometric Variables you are running (f, c, o)? Found nothing about that on your website.

[btcx]

it's in the work payouts and somewhat in the mining activity under average fee.

[martychubbs]

it's in the work payouts and somewhat in the mining activity under average fee.verage fee.

I joined today!  Nice pool, eta on namecoin?

BTW, Your stats are the best I've seen.

[btcx]

it's in the work payouts and somewhat in the mining activity under average fee.verage fee.

I joined today!  Nice pool, eta on namecoin?

BTW, Your stats are the best I've seen.

Thanks and welcome aboard   Shooting for merged mining with Namecoin to launch at the end of next week.  I'll keep you posted.

[LightRider]

Just joined. You might want to make the auto-payout feature dependent on the user inputting a wallet address first. I don't know how your system is designed to handle sending payouts to nothing.

[amazingrando]

I've been mining here since the beta.  It's been amazingly stable.  btcx has been very responsive to suggestions to improve the pool.  Plus, he's just a nice guy (which sadly can't be said about some other pool ops).

I give the pool 9 thumbs up!

[btcx]

Just joined. You might want to make the auto-payout feature dependent on the user inputting a wallet address first. I don't know how your system is designed to handle sending payouts to nothing.

Thanks for joining, and for the suggestion.  Currently, if you don't have a wallet address and you enable auto payouts, no payments will be sent but I do agree that we should probably just disable the auto payouts option (and direct users to enter a wallet address to enable it) for users who don't have a wallet address set yet.

edit:  this is now implemented.

I've been mining here since the beta.  It's been amazingly stable.  btcx has been very responsive to suggestions to improve the pool.  Plus, he's just a nice guy (which sadly can't be said about some other pool ops).

I give the pool 9 thumbs up!

Thanks, rando  Your suggestions and help with testing have been great.  Also, your mining operation is awesome!

[amazingrando]

We certainly had a major luck streak today!

Four blocks in two and a half hours!  Booyah! 

Round     Block        Duration     Shares
38          172199      0:04:45      13,098
37          172198      0:52:49      118,498
36          172189      0:33:11      74,516
35          172183      1:01:34      143,499

[GCInc.]

Very comfortable site indeed! Wishing the best of block luck.

[Clipse]

I notice you plan to process payouts via moneybookers, just be cautious since they refuse to deal with any bitcoin-related trading.

[jamesg]

Just came over to the pool last night. Site looks great.

[jamesg]

Just came over to the pool last night. Site looks great.

Submitted 270k shares in the last round and got paid .06 BTC because I left before the round what over. 

What kind of DGM settings do have have to decay shares so quickly and why?

[btcx]

Just came over to the pool last night. Site looks great.

Submitted 270k shares in the last round and got paid .06 BTC because I left before the round what over.  

What kind of DGM settings do have have to decay shares so quickly and why?

Thanks for giving it a whirl.  You must have left pretty early in the round, which required 2.2m shares.  The values can all be seen here:  https://www.maxbtc.com/work-payouts?w=41

currently: f = 0.0505, c = 0.01, o = 0.8

edit:  actually, c is way too low, giving a disproportionately large value to shares submitted near the end of the round.

starting round 43, the values will be:  f = -0.1555, c = 0.1, o = 0.8
bonus is reduced to 4%

I'm open to suggestions, discussion on what those values should be.

I notice you plan to process payouts via moneybookers, just be cautious since they refuse to deal with any bitcoin-related trading.

I have another business that does 1000+ txns/day.  I was planning on funneling the Bitcoin withdrawals through that account.  Technically, withdrawing to MB or PayPal isn't really the same as selling Bitcoin.  We already have the Bitcoin.. we'd just be paying you for your hashing contribution with dollars instead but it's probably best to obfuscate the transaction just in case.

[Tittiez]

So if I mine with the 3.50% there is still technically a -2% fee with the 4% bonus ('Cause of invalids counting).

Good idea making special features require people to donate, I haven't personally seen that before.

Oh and I love the website's stats pages, they are very organized and easy to read.

[btcx]

So if I mine with the 3.50% there is still technically a -2% fee with the 4% bonus ('Cause of invalids counting).

Good idea making special features require people to donate, I haven't personally seen that before.

Oh and I love the website's stats pages, they are very organized and easy to read.

Thanks   It'd be a -0.88% fee (0.88% bonus).  The bonus is applied first and then donations are taken out.

[bitfil]

From my account:

Sunday, Mar 25, 2012
Hash Rate (MH/s): 931.8
Estimated BTC: 0.24803774

0.24748349 btc This Round
0.22521500 btc Last 24 hours

[GCInc.]

actually, c is way too low, giving a disproportionately large value to shares submitted near the end of the round.

That is truly fucked up. I received 0.00000025 BTC for my avg 222 MH /sec, whereas someone mining 10x less shares got 10,000x more reward that round. Even if you adjust the parameters I cannot see how it would be more profitable than deepbit for anyone who mines intermittently.

Oh, btw the pool rewards graph is one day early. Unless it's March 26th somewhere already...?

[roomservice]

actually, c is way too low, giving a disproportionately large value to shares submitted near the end of the round.

That is truly fucked up. I received 0.00000025 BTC for my avg 222 MHz /sec, whereas someone mining 10x less shares got 10,000x more reward that round. Even if you adjust the parameters I cannot see how it would be more profitable than deepbit for anyone who mines intermittently.

Oh, btw the pool rewards graph is one day early. Unless it's March 26th somewhere already...?

Sounds like a tobic for organofcorti's upcomming edition of Neighbourhood Pool Watch!

[btcx]

actually, c is way too low, giving a disproportionately large value to shares submitted near the end of the round.

That is truly fucked up. I received 0.00000025 BTC for my avg 222 MH /sec, whereas someone mining 10x less shares got 10,000x more reward that round. Even if you adjust the parameters I cannot see how it would be more profitable than deepbit for anyone who mines intermittently.

Oh, btw the pool rewards graph is one day early. Unless it's March 26th somewhere already...?

Which block was this on?  c being too low was fixed as of round 43, and the adjustment to the parameters was actually huge, despite the numbers looking small.  Round 45 was extremely long.. 4.8m shares, though we did end up paying out 57 BTC for it.  The further from the end you dropped out, the further reduced your rewards would be.  Also, it may take a few rounds of mining most of the time for your score to stabilize.  This is the nature of DGM.  If you're just mining for 10 minutes at a time here and there, a DGM pool is probably not the best option for you but you'll have to try it out and see.  Another feature of DGM is cross-round leakage.  As an example, GigaVPS stopped mining hours before round 45 was over but still got 0.67 BTC at 329k shares, and he hasn't mined at all yet on round 46 but if the round ended now he'd receive 0.31 BTC for it.

I believe that the graph will show anything mined on the current day UTC as belonging to the following day.