[BitAffNet] How we're the #1 Bitcoin Mining Pool In The World (or so we thought)

[aurel57]

Unfortunately it's a cycle that is self perpetuating.  Payments are delayed, for whatever reason.  Then people stop mining the pool because they are not getting paid.  That makes it harder to find blocks to catch up for those owed from previous days.
I stick with BAN when I can.  But my miners are hosted at three locations and I get bills throughout the month.  So I don't like to go more than a day or so without getting paid.
I will say the pool has always paid it's debts and I know of no one who was short changed.  But unlike other pools, consistency in payments is not their thing.

I agree and unfortunately that is why I left. The pool operator made a point that this is just what he wanted to avoid when he started the pool. timely payments were a top priority so the pool was not holding your coins. I can understand a snafu once in a while but things have only gotten worse but I may move back if the problems can get solved.

[philipma1957]

yeah I had to bail and really wanted to stay until feb 2 but just too long without a payment.

[aurel57]

yeah I had to bail and really wanted to stay until feb 2 but just too long without a payment.

I understand...almost 4 days without the pool finding a block is hurting the payments big time. Digging a big hole and pool hash rate dropping....

[padrino]

Was thinking of moving about 25Th/s over myself, too bad the latest on this thread is negative, sounds like I should stay away..

[aurel57]

Was thinking of moving about 25Th/s over myself, too bad the latest on this thread is negative, sounds like I should stay away..

Only you can decide that. I hate to talk negative but I only am being truthful as I was such a strong defender of the pool. You may want to go to the IRC chat and ask questions there so you can talk to the admin and then make a decision.    

[navigatrix]

Was thinking of moving about 25Th/s over myself, too bad the latest on this thread is negative, sounds like I should stay away..

Only you can decide that. I hate to talk negative but I only am being truthful as I was such a strong defender of the pool. You may want to go to the IRC chat and ask questions there so you can talk to the admin and them make a decision.     

I've been happy with BAN in the past, but I do need payouts as I'm trying to add to my hardware inventory. So I'm hanging in there with BAN with some of my miners, but have had to point the rest to another pool for now.

[Dr. Kennith Noisewater]

For those who have mined with BAN before. What is the longest run you've seen without finding a block?

[Swimmer63]

For those who have mined with BAN before. What is the longest run you've seen without finding a block?

This is it.

[aurel57]

For those who have mined with BAN before. What is the longest run you've seen without finding a block?

This is it.

CKPool is at 68+ hours without a block and it had double the pool hash rate than BAN.  This dry spell for BAN is really going to hurt getting payments to the miners on the pool.

[Biffa]

For those who have mined with BAN before. What is the longest run you've seen without finding a block?

This is it.

CKPool is at 68+ hours without a block and it had double the pool hash rate than BAN.  This dry spell for BAN is really going to hurt getting payments to the miners on the pool.

BAN Time Since Last Block   134 hours 40 minutes 40 seconds

[aurel57]

For those who have mined with BAN before. What is the longest run you've seen without finding a block?

This is it.

CKPool is at 68+ hours without a block and it had double the pool hash rate than BAN.  This dry spell for BAN is really going to hurt getting payments to the miners on the pool.

BAN Time Since Last Block   134 hours 40 minutes 40 seconds

Wow....

[kano]

For those who have mined with BAN before. What is the longest run you've seen without finding a block?

This is it.

CKPool is at 68+ hours without a block and it had double the pool hash rate than BAN.  This dry spell for BAN is really going to hurt getting payments to the miners on the pool.

It was almost 600% diff when the block was found - that's the number that actually means anything
CDF was 0.9974

... as for the PPS risk of paying more than the pool will generate ... well ... that's something a few of us stated long ago but were told how we didn't know anything about "economics" ... oh well. The current situation here is about ... the expected statistics ... as a few of us have said a few times in this thread

[aurel57]

For those who have mined with BAN before. What is the longest run you've seen without finding a block?

This is it.

CKPool is at 68+ hours without a block and it had double the pool hash rate than BAN.   This dry spell for BAN is really going to hurt getting payments to the miners on the pool.

It was almost 600% diff when the block was found - that's the number that actually means anything
CDF was 0.9974

... as for the PPS risk of paying more than the pool will generate ... well ... that's something a few of us stated long ago but were told how we didn't know anything about "economics" ... oh well. The current situation here is about ... the expected statistics ... as a few of us have said a few times in this thread

Your right... .

[Dr. Kennith Noisewater]

Is this just a horrible streak of luck or has the pool lost a truly significant amout of hashrate? Seems to have fluctuated between 1.8-2.2 ph/s over the past five days when I check and 1800-1600 workers. I'm a noob in the mining world so just trying to learn something's. BAN hit 3 blocks on 21st.

[aurel57]

For those who have mined with BAN before. What is the longest run you've seen without finding a block?

This is it.

CKPool is at 68+ hours without a block and it had double the pool hash rate than BAN.   This dry spell for BAN is really going to hurt getting payments to the miners on the pool.

It was almost 600% diff when the block was found - that's the number that actually means anything
CDF was 0.9974

... as for the PPS risk of paying more than the pool will generate ... well ... that's something a few of us stated long ago but were told how we didn't know anything about "economics" ... oh well. The current situation here is about ... the expected statistics ... as a few of us have said a few times in this thread

Your right... .

The pool operator from the start let it be known the pool was only going to be a tool for another business purpose and as long as the pool paid the payments on time I didnt care that they paid a 10% bonus or that the pool had to buy BTC to make payments. Being a PPS pool I really don't care if or how many blocks are found. The problem is now the pool seems to only be paying payments after a bock is found and confirmed. So it seems the pool dynamics have changed and you have to question with such a streak of bad luck weather the pool will be able to pay in full as it seems the pool is no longer buying BTC to make up any shortfalls. It also makes you wonder if this is just bad luck or something else going on. That is why I moved on.

[philipma1957]

Is this just a horrible streak of luck or has the pool lost a truly significant amout of hashrate? Seems to have fluctuated between 1.8-2.2 ph/s over the past five days when I check and 1800-1600 workers. I'm a noob in the mining world so just trying to learn something's. BAN hit 3 blocks on 21st.

  it is both.   As much as I like them I pulled my hash and did so sooner then I promised.  (I had said I would hold on until feb 2)

  this pool on the luck side is on a .998 cdf  block this is very  bad luck about 1 in 500 blocks are this slow.

 also pool has other issues the pool op had coins stolen 2 times  total of 100 coins.

I want to support the pool but can't keep tossing my hash at them without payments.

 

[eleuthria]

The pool operator from the start let it be known the pool was only going to be a tool for another business purpose

Just going to point out that this is how most Bitcoin ponzis and scams have started.  Somebody with "another business purpose" which they won't discuss in any detail, and out of the goodness of their hearts is deciding to share some of their profits with everybody else for no reason at all.

Not saying that is what is happening here, but you should *NEVER* join something where there is a too-good-to-be-true reward (110% PPS = the operator is losing 10% *OR MORE* in the long run for every share you submit) with the explanation for its existence being "another business purpose".

[aurel57]

The pool operator from the start let it be known the pool was only going to be a tool for another business purpose

Just going to point out that this is how most Bitcoin ponzis and scams have started.  Somebody with "another business purpose" which they won't discuss in any detail, and out of the goodness of their hearts is deciding to share some of their profits with everybody else for no reason at all.

Not saying that is what is happening here, but you should *NEVER* join something where there is a too-good-to-be-true reward (110% PPS = the operator is losing 10% *OR MORE* in the long run for every share you submit) with the explanation for its existence being "another business purpose".

I agree but this was a non issue for a very long time as my payments came every 2 hours. When the few time there was a hiccup and it was late I moved my miners. I will say the pool always has paid everything in the past but I am afraid the pool is now digging itself to deep of a hole which will be hard to get out of. The pool has also taken the neccesary steps of stop paying any bonus. But with the string of bad luck it still got to be hurting.

[philipma1957]

The pool operator from the start let it be known the pool was only going to be a tool for another business purpose

Just going to point out that this is how most Bitcoin ponzis and scams have started.  Somebody with "another business purpose" which they won't discuss in any detail, and out of the goodness of their hearts is deciding to share some of their profits with everybody else for no reason at all.

Not saying that is what is happening here, but you should *NEVER* join something where there is a too-good-to-be-true reward (110% PPS = the operator is losing 10% *OR MORE* in the long run for every share you submit) with the explanation for its existence being "another business purpose".

Do not think  that it is a ponzi  in this case only because he has paid in full   for hundreds of blocks. Since sept.

I have no more hash here and I am owed around 0.077 btc or  about 21 dollars. 
he paid me 101%  for 25 days as I signed up later them some this JAN.
most pools would pay 98%.   If I add in the NMC and the DOGE .

 I still made out. Actually pretty weird for me as I am in kano's pool = bad luck right now  and was in ban's pool still bad luck.

[yslyung]

since i started to mine @ ban s0br pays up till the recent bad luck streak. imo, the hack issue has been sometime so not an excuse.

i'd say it's more to a bad luck streak of 5 days & still counting.

my main acct is still unpaid with a Pending Payout of 0.25824434 & secondary acct with a Pending Payout of 0.12369235

let's hope the "luck" comes back soon so everyone gets paid but hitting a block or 2 will not be sufficient for the backlog so couple more blocks to sort it out, looks like a snowball effect is in place atm.

I've also pulled out mining at my own p2pool, it has been also slow for p2pool but only for 3 days or so then 1 block yesterday & today & the hashrate were about the same as BAN.

Best of luck to BAN & i've got a feelin' daddy kool is coming.