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Author Topic: [BitAffNet] How we're the #1 Bitcoin Mining Pool In The World (or so we thought)  (Read 98871 times)
jonnybravo0311
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November 28, 2014, 04:04:07 PM
 #101

JUST to correct some fud in this post and the poster should of picked up on it when they posted the other thread and a few other pools

EDIT: semaster has updated his comparison thread of p2pool vs Eligius vs BTCGuild.  The thread is located here: https://bitcointalk.org/index.php?topic=416933.0.  According to his tests, p2pool is in the lead paying:

p2pool - BTC16.9718 VS btcguild (PPLNS) - BTC16.0933 VS Eligius BTC15.8041

Using his 6 S1s @ 1080GH/s total, expected earnings for that timeframe (2/1 - 10/30) are: 18.0886BTC.  So, none of his tested pools have met expectations.  However, p2Pool still wins here at 93.83% of expectations.

JUST A CORRECTION TO THE ABOVE STATEMENT BAN IN FACT THE HIGHER PAYING POOL.....

now to explain it lol

take that eligius number that is a PPS pool like BAN but the difference is BAN is paying a bonus 10 percent on top of the normal 100 percent paying PPS now factor that in to the eligius numbers

10 percent of a not 100 percent paying PPS pool (due to the share shelving that eligus does) is 15.8041 x 0.1 = 1.58041

So when you add that 10 percent extra in BAN has paid out 17.38451 so cough cough you want to correct your statement re p2 and ban....   AS it in fact it the other way around...  AS BAN ALSO DOES NOT SHELF SHARES AS eligus does so that gap even higher when you factor in the shelf shares that eligus does

SOME simple math of the eligius PPS numbers show quite clear what the BAN payout would of been for the same time frame Smiley   PS they also merge mine now so that gap is further when the merge mining factored in again a PPS payout Smiley

Also something else that caught my eye is this part of the pool test results here So, none of his tested pools have met expectations.  However, p2Pool still wins here at 93.83% of expectations.  You can add another 6 percent to the number above of 17.38451 as BAN is paying out at 100 percent of a expected rigs earn day in and out before the 10 percent bonus is factored in a simple 24 hour test would show this clear as days that the BAN PPS is basically right on the money with a rig expected earn via the stats on the homepage and what any bitcoin calculator  splits out as the expected earn -/+ 1-2 percent to allow for a avg hash ...   <<<<   this comes back to the Eligius mod PPS system not paying a true 100 percent PPS due to the share shelving on their PPS so you would have to also look at the percent difference there as well of what the expected earn would of been on the rigs in question and also add that difference in to make up for the difference in the 2 different pps payouts ....   so that 6 percent could well be 10-15 percent have not sit there and done the numbers to find how much more BAN is paying vs eligius on the PPS front with out factoring in the bonus


NOW to the second lot of fud here Smiley

Miners and dates, with hash rate and expected earnings
7/20 - 7/30, 2xS1 @ 400GH/s.  Expected: 0.1121BTC
7/20 - 11/26 1xS3 @ 440GH/s.  Expected: 1.0367BTC
7/20 - 11/26 1xS3 @ 420GH/s.  Expected: 0.9896BTC
7/20 - 8/1 1xSP10 @ 1.35TH/s.  Expected: 0.4509BTC
8/1 - 11/26 3xS3 @ 1.32TH/s.  Expected: 2.6692BTC
8/9 - 11/26 3xS3 @ 1.32TH/s.  Expected: 2.3875BTC

Expected total earnings from mining: 7.646BTC

Actual mined BTC: 8.61186032BTC

Difference: 0.96586032BTC

P2Pool has beaten expectations for the time period that BAN has been in existence by 12.6%.  In other words, p2pool has paid 112.63% of expected earnings.    YOU MAY WANT TO SIT THERE AND ALSO FACTOR IN THE 10 percent bonus on the expected total earnings from mining: 7.646BTC THAT BAN PAYS which brings BAN UP TO 8.4106 btc and then factor in the NMC blocks they have hit in this time Smiley  YOU will more than likely find ban even out does P2 pool in this set of numbers as well Smiley or comes very close...  it NOT 12.6 percent as claimed above as the poster forgot to factor in the bonus payments on top of the PPS and the nmc blocks....   It more likely they are on par or BAN has it nose in front just earning wise on this second set of data....
As I replied in my thread, there is no FUD.  Do you even know what that means, by the way?  Well, that's a bit off topic, so let's get back on track.  First, Eligius and their payout system has nothing to do with anything regarding p2pool, or the proof I've provided.  Second, I never claimed p2pool beat BAN by 12.6% as you erroneously wrote.  I stated that p2pool paid 112.63% of expectations vs BAN's claims of 110% of expectations over the lifetime of BAN.  That's 2.63%.  I also provided proof and stated that during the explicit test timeframe of 10/20 - 10/27 mentioned in the OP p2pool paid 174.86% of expectations, which against BAN's 110% is a 64.86% difference in favor of p2pool.  Finally, I didn't include any merged coins because I wanted to do a strict BTC to BTC comparison.  If you insist on including those coins, then know that I will also include IXC, I0C, DVC, FSC, HUC because those are all merge mined by p2pool.  P2Pool also includes the ability to donate to miners, which I could also include since I received donations during this timeframe.  All of this would only serve to increase my numbers, yet I did not include them.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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Biffa
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November 28, 2014, 07:38:02 PM
 #102

BAN down?

Mine @ pools that pay Tx fees & don't mine empty blocks :: kanopool :: ckpool ::
Should bitmain create LPM for all models?
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November 28, 2014, 09:51:14 PM
Last edit: November 29, 2014, 01:45:14 PM by aurel57
 #103

BAN down?

Website is down but miners are showing the pool is accepting shares. Payments seem to be offline as well.

EDIT:
Moved my miners to my backup pool until payments come back online. NMC payments have not happened the last few days either.
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November 29, 2014, 12:14:39 AM
 #104

We're investigating an issue at one of our datacenters at the moment. Until we can resolve this we are recommending miners move to backup pools. Realtime updates are available in our IRC channel and we will post here when the issue is resolved. We apologize for the inconvenience and appreciate your patience.

Hand-carved Bitcoin stamps for sale: https://bitcointalk.org/index.php?topic=1247131
2 for $25 including shipping
MrGreenHat
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November 29, 2014, 12:31:32 AM
 #105

Well I guess we can temporarily withdraw the title of #1 Bitcoin Mining Pool In The World???
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November 29, 2014, 12:52:27 AM
 #106

We're investigating an issue at one of our datacenters at the moment. Until we can resolve this we are recommending miners move to backup pools. Realtime updates are available in our IRC channel and we will post here when the issue is resolved. We apologize for the inconvenience and appreciate your patience.

Thank you for the update
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November 29, 2014, 03:16:36 AM
 #107

We're investigating an issue at one of our datacenters at the moment. Until we can resolve this we are recommending miners move to backup pools. Realtime updates are available in our IRC channel and we will post here when the issue is resolved. We apologize for the inconvenience and appreciate your patience.

Our systems are back online. Please stop by our IRC channel or contact our support team if you have any outstanding issues.

Hand-carved Bitcoin stamps for sale: https://bitcointalk.org/index.php?topic=1247131
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aurel57
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November 29, 2014, 01:21:31 PM
 #108

We're investigating an issue at one of our datacenters at the moment. Until we can resolve this we are recommending miners move to backup pools. Realtime updates are available in our IRC channel and we will post here when the issue is resolved. We apologize for the inconvenience and appreciate your patience.

Our systems are back online. Please stop by our IRC channel or contact our support team if you have any outstanding issues.

Thanks just moved my miners back.
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December 02, 2014, 12:01:17 AM
 #109

am liking this pool so far. hash rates are similar to what my S3s say they are doing Smiley. Payouts are on time and very good.
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December 02, 2014, 12:07:12 AM
 #110

am liking this pool so far. hash rates are similar to what my S3s say they are doing Smiley. Payouts are on time and very good.

Prepare to be attacked. But I agree with you.
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December 02, 2014, 01:43:38 AM
 #111

Congrats to the pool for getting two blocks in a row!
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December 04, 2014, 01:26:00 AM
 #112

Congrats to the pool for getting two blocks in a row!

I hope I dont jinx us....but the blocks are coming quickly.  When we see two blocks found within hours of each other....what sort of positive and negative effect does it have on us as miners on BAN?

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December 04, 2014, 01:34:38 AM
Last edit: December 04, 2014, 09:44:58 AM by aurel57
 #113

Congrats to the pool for getting two blocks in a row!

I hope I dont jinx us....but the blocks are coming quickly.  When we see two blocks found within hours of each other....what sort of positive and negative effect does it have on us as miners on BAN?



none.... pool pays PPS so the pool takes all the risk. we the miners get paid no matter how many blocks are found (or not).
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December 17, 2014, 08:16:00 PM
 #114

Does anyone know what's going on with payments?  Been two days since they have been sent out???
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December 18, 2014, 03:00:08 AM
 #115

got the following email just a bit ago

As much as we like to write you with good news, today we've got the unfortunate task of telling you our hot wallet was compromised again last night. 2 blocks confirmed, hit the wallet, and immediately send the BTC to https://blockchain.info/address/1B6eWiYx8ZobX3rw62o23KybxjxwJg3hRY

This, is the reason payouts have been delayed so long.

But, we're not done yet. Not by a long shot.

As you're reading this, the payment system is being recoded and made even more secure, and payment processing is being moved offsite and redone. At this time, we anticipate these payments will begin processing by midnight EST / 9 PM PST tonight.
We know this is an inconvenience, but we appreciate your patience and your loyalty. We're still 0% fee Pay Per Share with bonus, and still the best place to mine Bitcoins. Thanks again for sticking with us, and contact support@bitcoinaffiliatenetwork.com if you have any questions.

Thanks again for your support,

Gil and the BitAffNet Team

1A3vU4r4typS1jNFfaJjvm77ZHMtqEvB4F
Swimmer63
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December 18, 2014, 04:10:10 AM
 #116

got the following email just a bit ago

As much as we like to write you with good news, today we've got the unfortunate task of telling you our hot wallet was compromised again last night. 2 blocks confirmed, hit the wallet, and immediately send the BTC to https://blockchain.info/address/1B6eWiYx8ZobX3rw62o23KybxjxwJg3hRY

This, is the reason payouts have been delayed so long.

But, we're not done yet. Not by a long shot.

As you're reading this, the payment system is being recoded and made even more secure, and payment processing is being moved offsite and redone. At this time, we anticipate these payments will begin processing by midnight EST / 9 PM PST tonight.
We know this is an inconvenience, but we appreciate your patience and your loyalty. We're still 0% fee Pay Per Share with bonus, and still the best place to mine Bitcoins. Thanks again for sticking with us, and contact support@bitcoinaffiliatenetwork.com if you have any questions.

Thanks again for your support,

Gil and the BitAffNet Team
Thanks for the info.  I fail to understand with multi-sig wallets how a pool operator can be so careless.
aurel57
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December 18, 2014, 05:01:17 AM
 #117

Sorry to read about the theft. I will be moving my miners back soon.
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December 18, 2014, 09:54:05 AM
 #118

I fail to understand with multi-sig wallets how a pool operator can be so careless.

Clueless is right. Once is bad enough, but to have it happen again is just plain ridiculous, it makes no sense at all. It wouldn't surprise me if the pool operator had something to do with it - he's certainly got a history of scamming his miners.
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December 18, 2014, 11:33:53 AM
 #119

got my full payout early this morning as promised.   if this is a scam, then it's a pretty elaborate one

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aurel57
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December 18, 2014, 11:47:35 AM
 #120

I fail to understand with multi-sig wallets how a pool operator can be so careless.

Clueless is right. Once is bad enough, but to have it happen again is just plain ridiculous, it makes no sense at all. It wouldn't surprise me if the pool operator had something to do with it - he's certainly got a history of scamming his miners.

That's about as stupid a statement as a person could make....
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