F2Pool「魚池」🐟

[macbook-air]

F2Pool Turns Two

And we are introducing Namecoin, Ixcoin and I0coin to our Bitcoin miners today. If you fill the payout address, you can receive 2 NMC + 1 IXC + 1 I0C + 5 HUC in additional to each bitcoin mined. Please do not confuse I0C and IOC, which is another coin. Thanks.

[mirahan]

don't use namecoin-wallet.com  It's a scam. I can't even see my new coins on there, and now I have to create an entire new account. Scammers should be shot

[jonnybravo0311]

F2Pool Turns Two

And we are introducing Namecoin, Ixcoin and I0coin to our Bitcoin miners today. If you fill the payout address, you can receive 2 NMC + 1 IXC + 1 I0C + 5 HUC in additional to each bitcoin mined. Please do not confuse I0C and IOC, which is another coin. Thanks.

You realize that I0C and IXC are dead, right?  The last coin-generating blocks were mined last year.  You're just mining transaction fees at this point.  Not that this is a bad thing, but there are no more coins rewarded for finding blocks.

[nokati]

F2Pool Turns Two

And we are introducing Namecoin, Ixcoin and I0coin to our Bitcoin miners today. If you fill the payout address, you can receive 2 NMC + 1 IXC + 1 I0C + 5 HUC in additional to each bitcoin mined. Please do not confuse I0C and IOC, which is another coin. Thanks.

its merge mining right? so you do get the BTC + additional NMC etc...?

[Vlad2Vlad]

Anybody have an email for discus fish?  Like preferably to their top guy?  I only do top guys.  lol


Cheers!

[jonnybravo0311]

F2Pool Turns Two

And we are introducing Namecoin, Ixcoin and I0coin to our Bitcoin miners today. If you fill the payout address, you can receive 2 NMC + 1 IXC + 1 I0C + 5 HUC in additional to each bitcoin mined. Please do not confuse I0C and IOC, which is another coin. Thanks.

You realize that I0C and IXC are dead, right?  The last coin-generating blocks were mined last year.  You're just mining transaction fees at this point.  Not that this is a bad thing, but there are no more coins rewarded for finding blocks.

It's an interesting point of view: a coin is dead once the minting is over. If this would be true, iXcoin should be dead by now (since oct 13th 2014). Anyway, iXcoin's hashpower doesn't say so.
In any case, if that was true, bitcoin would lose its value in about 20 years or, at this rate, even long before.
iXcoin's survival, despite its insignificant value compared to bitcoin's, measures the possible reactions of the market once the minting of a coin is over.

Perhaps I should have been clearer in my statement.  My point of view is not that a coin is dead once minting is done.  A coin is dead when minting is done and the fees miners get from transactions do not incentivize them to continue mining the coin.  These coins, along with all the other coins that implement the aux-pow circumvent that by piggybacking on Bitcoin.  Nobody would be mining either of them if it weren't for the fact that Bitcoin miners do it for free.  The downside of getting Bitcoin miners to do the work is that your coin's difficulty skyrockets disproportionately.

If Bitcoin follows suit, in that transaction fees do not incentivize miners to continue to mine, then it - along with all of these coins that ride on the aux-pow method - will die.

[kano]

F2Pool Turns Two

And we are introducing Namecoin, Ixcoin and I0coin to our Bitcoin miners today. If you fill the payout address, you can receive 2 NMC + 1 IXC + 1 I0C + 5 HUC in additional to each bitcoin mined. Please do not confuse I0C and IOC, which is another coin. Thanks.

You realize that I0C and IXC are dead, right?  The last coin-generating blocks were mined last year.  You're just mining transaction fees at this point.  Not that this is a bad thing, but there are no more coins rewarded for finding blocks.

It's an interesting point of view: a coin is dead once the minting is over. If this would be true, iXcoin should be dead by now (since oct 13th 2014). Anyway, iXcoin's hashpower doesn't say so.
In any case, if that was true, bitcoin would lose its value in about 20 years or, at this rate, even long before.
iXcoin's survival, despite its insignificant value compared to bitcoin's, measures the possible reactions of the market once the minting of a coin is over.

It's more the ignorance of most users about altcoins.
The coin has no specific value, no use, nothing.
It's value is only some consideration as related to the value of bitcoin by people who don't see the obvious fact that the altcoin itself has no value other than the fact that someone on some exchange somewhere is willing to swap BTC for it.

[adaseb]

Anyone know why all of a sudden I get "Reconnect requested from Pool 0 to zombies.f2pool.com" ?

[macbook-air]

Anyone know why all of a sudden I get "Reconnect requested from Pool 0 to zombies.f2pool.com" ?

It is normal if F2Pool is set as your backup pool, or you are mining using CPUs or GPUs. If a miner does not submit shares for more than 10 minutes, it will be redirected to a lower priority server to reduce the load on main servers.

[I0coiner]

F2Pool Turns Two

And we are introducing Namecoin, Ixcoin and I0coin to our Bitcoin miners today. If you fill the payout address, you can receive 2 NMC + 1 IXC + 1 I0C + 5 HUC in additional to each bitcoin mined. Please do not confuse I0C and IOC, which is another coin. Thanks.

You realize that I0C and IXC are dead, right?  The last coin-generating blocks were mined last year.  You're just mining transaction fees at this point.  Not that this is a bad thing, but there are no more coins rewarded for finding blocks.

I0coin still has a block reward of .75 I0C which comes to about 710 I0C per day.  A typical tx fee is .0001 I0C, so that's equivalent to 7.1 million transactions per day.  See the far right column "Generated + Fees" at this link.

https://chainz.cryptoid.info/i0c/#!overview

[macbook-air]

Today's payout is delayed. We suffered bad luck this morning. The payout tx will get confirmed when we find a block.

[clgrissom3]

Is there a way to set a higher payout threshold (like 0.04 BTC)?  I can't find anything in the settings.

[macbook-air]

Is there a way to set a higher payout threshold (like 0.04 BTC)?  I can't find anything in the settings.

No.

[macbook-air]

Yesterday's block 358800 was the worst lucky block in our history. It was found with over 600 billion shares, 12.35 times the difficulty.

[btcash]

Is there a reason why F2Pool isn't using the Fast Relay Network?

I read your post about bad connectivity in china. Shouldn't that improve your situation?

[macbook-air]

Announcement: We are getting too big lately. DOGE payout is going to be reduced by 20% temporarily due to the LTC/DOGE 51% concerns. This new policy will take effect on June 11, until the litecoin halving day, in the second half of August.

[jonnybravo0311]

Announcement: We are getting too big lately. DOGE payout is going to be reduced by 20% due to the LTC/DOGE 51% concerns. This new policy will take effect on June 11.

Where will that extra 20% go, exactly?  Your own coffers will be quite nicely filled with DOGE until people move their miners.  If you're concerned about the 51% problem, you need to reduce the hash rate.

[DrHaribo]

Is there a reason why F2Pool isn't using the Fast Relay Network?

I read your post about bad connectivity in china. Shouldn't that improve your situation?

Matt's relay network is pretty awesome. It can help speed up block propagation a lot.

[macbook-air]

Announcement: We are getting too big lately. DOGE payout is going to be reduced by 20% due to the LTC/DOGE 51% concerns. This new policy will take effect on June 11.

Where will that extra 20% go, exactly?  Your own coffers will be quite nicely filled with DOGE until people move their miners.  If you're concerned about the 51% problem, you need to reduce the hash rate.

We have been over paying the miners for months. Mining 1 LTC only generates ~500 merged DOGE, but we are paying 1000 using our own DOGE reserves in hope the future LTC halving to fix the payout ratio automatically. Everyday we have to buy 5 million DOGE from the market. Given the recent DOGE price spike at 0.0000007 BTC each, we are already having a minus fee on LTC pool. We are operating at a ~2% loss.

[jonnybravo0311]

Announcement: We are getting too big lately. DOGE payout is going to be reduced by 20% due to the LTC/DOGE 51% concerns. This new policy will take effect on June 11.

Where will that extra 20% go, exactly?  Your own coffers will be quite nicely filled with DOGE until people move their miners.  If you're concerned about the 51% problem, you need to reduce the hash rate.

We have been over paying the miners for months. Mining 1 LTC only generates ~500 merged DOGE, but we are paying 1000 using our own DOGE reserves in hope the future LTC halving to fix the payout ratio automatically. Everyday we have to buy 5 million DOGE from the market. Given the recent DOGE price spike at 0.0000007 BTC each, we are already having a minus fee on LTC pool. We are operating at a ~2% loss.

Ok, so you've been giving miners a nice bit of bonus coin.  I can only assume that you're hoping giving miners 160% instead of the 200% they've been getting will cause some of them to leave and thus alleviate your 51% problem.  Do you have any further plans to mitigate the 51% problem should this approach fail to have the desired effect?