I'm not trying to lynch anyone or bash other pools.
I'm saying that it is OK to ask questions if someone pays you 10% more than what you're selling is worth. Just like it's OK to ask questions if someone pays you a 7% weekly profit on your "investment". A lot more people should have asked questions about Bitcoin Savings and Trust.
Personal insults and name calling as a response is not ok.
Hand-waving and non-sensical arguments designed to cause confusion is not an answer. We've seen that before, usually from scammers.
I'm not saying BAN is a scam. I don't know much about it, personally. Maybe they are operating at a big loss in the beginning to get their pool off the ground and will charge fees later. Maybe cyberpinoy is a puppet account of someone trying to make BAN look like a scam. Who knows.
I'm objecting to the behavior of some people in this thread, and arguments that make no sense whatsoever. If that means I'm in a lynch mob I'll have to get some rope.
No i am not a puppet
I call them like I see them, I am a loyal miner at this pool. My loyalty is not earned easily. You made some FUD arguments about a pool "you dont know much about" then you and your friends get all bent out of shape when a loyal miner there puts you in your place. Altho you may be a good software writer it seems you lack the most basic knowledge on business economics. Just because someone runs a pool that is not scandelous and profitable only for the pool owners does not make them a scam, just because you dont understand his business structure does not make it non-profitable. I watched this man, and have been watching this pool very closely for a long time now and to be honest I have done the behind the scenes numbers of what i think he may be doing and to be honest, in my opinion, its genius. Where other pools are unethically doing things to try their best to fill their pockets with as much BTC as possible and underpay the people mining for them, he has found a way to fairly pay his members and still make a pretty nice profit.
As a respected mining software developer I would expect more from you, Software writers need the ability to always be open minded and think outside of the box. Its sad to see and say but the Owner of Bitcoin Affiliate has seemingly done something no one else so far has been able to do. Run a fair and profitable pool.
PPLNS pools are straight up scams from the get go, they have pool owner profit on the mind and nothing else, to say I have a PPLNS pool you may as well say i want you to mine for me and only get rewarded a tiny portion of what you actually put in. All these other mining strategies have nothing but pool profit worked in, no has ever sat down at the drawing table and said how can I run a pool that is fair to my members and profitable to me at the same time ...UNTIL Bitcoin Affiliate. There are only 2 fair paying pools PPS Pay Per Share and PPP Pay Per Proportion anything other than this is not as profitable for the miners as it should be, but is extremely profitable for the pool owners.
Lets be business economics honest, how much cost do you really have in running a good pool. You can start out cheap maybe 40-60 bucks a month for a VPS and 100 bucks a year for a website domain. A lot of coding you need is already opensource anyways so you just need to put it all together. so an upfront few BTC or cash to have a good coder put it all together. You can even go the cheap lazy route and get some cloudfare security, another small cost but may be beneficial. So in a sense you can have roughly 70-80 bucks a month for the necessities. 0.25BTC max. As your pool grows and you begin to bring in profits you will need to upgrade to the next level servers and then begin to add support people to help you with customer support.
Is it that easy NO easier said than done but I am just putting the facts out there.
So tell me respected leader in pools and software developments what is the real need for any pool to have to make 40% or more of the BTC per block mined in order to be a truly profitable pool? Is there really a need to make that much while that pool sticks it to the miners actually getting them that profit. Like Ghash.io the biggest scammer pool of the BTC industry history.
If you did in fact know more abut the pool you raised the false FUD about a lot of the stuff you dont understand and dont know about would be answered.
For a respected man in this industry and an opinion others seem to cherish, maybe you should not comment on a pool "you dont know much about" with bashing and FUD posts.
Just my 2 cents
@cyberpinoy: Assuming someone who has a relatively new account to be a "stupid noob", as you so eloquently put it, is fool hardy & reckless. I am heavily involved in Bitcoin & the mining scene & have been for some years now - my choosing to open an account at bitcointalk recently does not make me any less experienced, nor does it mean that I can be considered a target for insults from members simply because they have had an account here for a longer period than me, especially when all I have done is stated facts that you obviously don't like to read, for whatever reason.
I don't post very often, only when I feel strongly enough about something to do so, & the antics of BitcoinAffiliateNetwork (BAN) - it's owner, it's admin, it's methods, it's complete lack of transparency, it's lies & it's many posts of hatred from fake user accounts against any user who questions it's feasibility/honesty is such an occasion.
Mine with them if you want, nobody is stopping you. But don't expect concerned members to stop questioning their behaviour by simply throwing insults at them - on the contrary - it will only make them more determined to get to the truth, much of which has already been exposed in their scam thread.
I love members like you who always talk about how "heavily involved" they are in the bitcoin industry so i will respond first with a few questions,
Bitcoin Industry questions:
What is the website address of your Bitcoin Merchant site where we can buy absolutely anything with bitcoins cheaper than we can at the local walmart?
What item are you using that can only be purchased with Bitcoins and nothing else?
What is the address to your bitcoin auction site?
What is the address to the game you have that uses bitcoins as its games digital currency?
What is the address of your mining pool?
What is the address of your coin exchange?
Mining industry questions:
How many solar panels are you running on your mine?
What inverter are you using on the panels for your mine?
Are you using a charge controller on your solar system for your miners?
What type of wind turbine are you using in your mine?
What design have you used in your mine to maximize airflow and separate the hot exhaust from the cold intake?
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Now tell me again exactly how heavily involved you are with bitcoins and the mining industry again?
Now that the sarcasim and defense has been vented let me move on to your post in a more open minded way,
Please dont tell me the lies you are talking abut is those stupid s3s still. For god sake how many times must this community kick this dead horse. the proof of shipments was given this community refuses to accept the proof, not the owner or admins fault, the pictures have been taken about payouts and this community refuses to accept that, what proof do you people need if pictures and tracking numbers I saw provided in other posts are not enough? There is nothing wrong with the owner or the admins. I can probably say much like you are seeing from me, the loyal members who know better are just sick of the FUD and bullcrap this community continues to push. and much like you (altho i talk a lot more) when I see a line of crap hanging out there i will not hesitate to put one in his place, and to be honest I dont care if its Dr whoever he is or Satoshi Nakamoto himself, if you say something that is not warranted I will defend what i know to be correct.
Now aside from your post let me just mention I am seeing a nice clan forming in this thread, I find it funny how all these well respected men in this industry seemingly are acting like a bunch of school girls fighting in the bathroom but doing so in the most professional way they possibly can. Talk about transparency HAHAHA look in the mirror some of you and point the finger to yourselves.
This will be my last post in here so dont bother rebutting me I dont care about your opinion of me or the pool I mine in, I make more on BAN than any other pool I have tried, I have tried many trust me and test regularly. So dont waste your time responding to me in this thread cause I wont be checking its status, you guys are seemingly tied together like a bunch of wallstreet brats in a certain and purposeful determined way to trash and bash this pool for whatever reason you have, so go on, I will keep reaping the rewards you are to foolish to accept right now. The great thing abut mining is when you own the machines you can point them absolutely anywhere you want to get a rough idea of a payout, when you own enough machines you can point them everywhere and find true honest results and profits per pool. When you dont have any or enough machines you can guess and make FUD. I chose to have the machines I need to make educated tests with facts and honest mining results and thus where my responses come from
