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Author Topic: [ANN][MULTIPOOL SERVICE] thepool.pw multipool  (Read 9635 times)
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sakr
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January 25, 2015, 12:17:48 PM
 #61



Important announcement: Due to the very low hash on the pools lately,
the payouts will be processed every 2 or 3 days to lower the exchange fees.

Also, we are considering shutting down the pools completely due to the very low hash/profitability,
we have been running at loss for weeks now Sad


    Lowering the payout rate would be one way to reduce costs but you should consider auditing the pools with the least profitability/activity as well as which coins you are mining. One of this pool's drawbacks is the lack of information that is available and little communication. Your last post here was January 3rd and the last twitter announcement was on December 14th and that was to announcement a new pool. This sudden announcement that the pool has been in trouble for weeks is something that should have been brought up sooner. I don't mean to insinuate but the suddenness makes it sound like a scare tactic. I will indeed give you the benefit of the doubt that it is not though.

    What kind of costs are you running and what is the ideal hash rate that you think you need?

   

Not sure what more information is needed, but i think crucial information is given, except for maybe worker hash rate, but share are given instead, as hash rate can be very inaccurate, also the coins mined are among the most profitable and the pools have proven to be efficient when enough hash is put on them.

Regarding communication, I have been in touch in this thread with anyone asking questions or having issues. Also I have been announcing important news.

As for the costs, the server is a dedicated server costing $70 monthly, the pools now sell 0.1 to 0.14 btc daily, which at 2% fee and current btc rates is yielding around $20 monthly in fees. so we need quadruple the current hash just to cover hosting, let alone making any profit.

Finally issuing less payouts is not reducing my fees, but miners ones as less exchange and sending fees are deducted.

I think the problem with those pools have been the quick desertion of some coins supporters, when a pool is open for a new coin we get some hash, but it slowly fades away, not sure why.

Thanks for your concern.
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loszhor
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January 26, 2015, 06:17:05 AM
 #62



Important announcement: Due to the very low hash on the pools lately,
the payouts will be processed every 2 or 3 days to lower the exchange fees.

Also, we are considering shutting down the pools completely due to the very low hash/profitability,
we have been running at loss for weeks now Sad


    Lowering the payout rate would be one way to reduce costs but you should consider auditing the pools with the least profitability/activity as well as which coins you are mining. One of this pool's drawbacks is the lack of information that is available and little communication. Your last post here was January 3rd and the last twitter announcement was on December 14th and that was to announcement a new pool. This sudden announcement that the pool has been in trouble for weeks is something that should have been brought up sooner. I don't mean to insinuate but the suddenness makes it sound like a scare tactic. I will indeed give you the benefit of the doubt that it is not though.

    What kind of costs are you running and what is the ideal hash rate that you think you need?

   

Not sure what more information is needed, but i think crucial information is given, except for maybe worker hash rate, but share are given instead, as hash rate can be very inaccurate, also the coins mined are among the most profitable and the pools have proven to be efficient when enough hash is put on them.

Regarding communication, I have been in touch in this thread with anyone asking questions or having issues. Also I have been announcing important news.

As for the costs, the server is a dedicated server costing $70 monthly, the pools now sell 0.1 to 0.14 btc daily, which at 2% fee and current btc rates is yielding around $20 monthly in fees. so we need quadruple the current hash just to cover hosting, let alone making any profit.

Finally issuing less payouts is not reducing my fees, but miners ones as less exchange and sending fees are deducted.

I think the problem with those pools have been the quick desertion of some coins supporters, when a pool is open for a new coin we get some hash, but it slowly fades away, not sure why.

Thanks for your concern.

Then it sounds like there is indeed a need for a coin activity audit. Perhaps solicit newer coins and give needed warnings to the less active ones.

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bram_vnl
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January 27, 2015, 12:26:48 PM
 #63

can you add nakamotodark? i'm looking for a multipool i hope you can make this
sakr
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February 04, 2015, 10:05:49 AM
 #64



We are sorry to announce the pools will be closed definitively on the next saturday at 6 am UTC. The last payout will be processed on sunday!

loszhor
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February 04, 2015, 11:16:36 AM
 #65



We are sorry to announce the pools will be closed definitively on the next saturday at 6 am UTC. The last payout will be processed on sunday!


I'm very sorry to hear of this, on what day should we stop mining to the pool?

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sakr
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February 04, 2015, 11:23:17 AM
 #66



We are sorry to announce the pools will be closed definitively on the next saturday at 6 am UTC. The last payout will be processed on sunday!


I'm very sorry to hear of this, on what day should we stop mining to the pool?

The stratums are set to be shutdown on saturday at 6 am UTC, so you can mine until that time, or use a failover pool so when they are shut down your miners will auto switch to the failover.
loszhor
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February 08, 2015, 09:58:23 AM
 #67

I am very sorry to see the service go. Thank you for offering it as you did.

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sakr
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February 08, 2015, 12:02:53 PM
 #68

I am very sorry to see the service go. Thank you for offering it as you did.


Thanks for your kind words, unfortunately we were not able to keep the service up due to the very low hash, and the lack of profitability of mining in general, much bigger pools had to close!

Last payout sent.
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