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

[aurel57]

I got payouts on the 17th but nothing since then anyone else ?

Same here:

Current Time   2015-03-19 04:13:09
Last Payout Time   2015-03-17 20:01:15

Not sure why after that good run of blocks? It makes you wonder whats going to happen with a long string of bad luck?

I moved my miners to another pool ...again     I also will be out of the country till next weekend so we'll see how the payments are when I get back.

[stonerider]

It looks bad.

"Our combined oustanding balance in queue to be paid is 110.95293195 Bitcoin.
There are 1 mined blocks waiting to mature, totalling 25 Bitcoin"

^^^^
Directly from their site.

They owe over 110 coins, while only 25 coins are available.

[aurel57]

It looks bad.

"Our combined oustanding balance in queue to be paid is 110.95293195 Bitcoin.
There are 1 mined blocks waiting to mature, totalling 25 Bitcoin"

^^^^
Directly from their site.

They owe over 110 coins, while only 25 coins are available.

Yes if true that does not look good. I have moved my miners many times as not to have much at risk.

[ATCkit]

It looks bad.

"Our combined oustanding balance in queue to be paid is 110.95293195 Bitcoin.
There are 1 mined blocks waiting to mature, totalling 25 Bitcoin"

^^^^
Directly from their site.

They owe over 110 coins, while only 25 coins are available.

Yes if true that does not look good. I have moved my miners many times as not to have much at risk.

Yup- same here.

[padrino]

It looks bad.

"Our combined oustanding balance in queue to be paid is 110.95293195 Bitcoin.
There are 1 mined blocks waiting to mature, totalling 25 Bitcoin"

^^^^
Directly from their site.

They owe over 110 coins, while only 25 coins are available.

Happened about two weeks ago as well during a period of bad luck...

[kano]

We are in a patch of bad luck now, but I'm sure things will turn around and everyone will be paid asap. I like everyone else, was paid last on the 17th, 5 hours before my local midnight. The pool has paid nothing out in the last 24 hours, but did pay out 69.02355119BTC in the last 3 days. There is one block that will confirm in 35 blocks.

I don't understand why someone else running a pool, is so negative towards this one. I really don't want to be associated with someone like that. You aren't protecting us from anything. Show us we can earn more with you, in your own thread, not here.

I was simply pointing out that your statement was based on a failure to comprehend PPS.

My comments about PPS are simply fact but also don't include the more drastic issue of long term luck risk that Meni has explained in one of his posts about the statistics of pool payment methods.

Another thing that people don't seem to understand is:
Just because luck is bad does not mean it will correct that imbalance.
Completely flawed statement: "I was unlucky yesterday, so I will be lucky today"
Have a look at Eligius - years average of under 100% luck

This pool keeps repeatedly doing what I (and others) said would happen - but when I stated those facts, the main response I got here were people (including the pool OP) making false statements about PPLNS and telling me I was wrong - which, of course, wasn't the case - as has happened

I haven't anywhere claimed that s0br is running a scam.
My first post was (if you bother to read it) pointing out how the original thread title was wrong since at the time he listed a bunch of pools whose luck was worse that his payout rate, but ignored my pool that was better than his payout rate at the time - for a number of months

[no141]

@stonerider, where is that on their site? I looked all over, and can't find anything that says anything like that first part. The hashing rate really fluctuates, so you can't do daily predictions ahead of time.


------
Edit: I got paid! Completely current now 19th - 7:04PM CDT

[aurel57]

We are in a patch of bad luck now, but I'm sure things will turn around and everyone will be paid asap. I like everyone else, was paid last on the 17th, 5 hours before my local midnight. The pool has paid nothing out in the last 24 hours, but did pay out 69.02355119BTC in the last 3 days. There is one block that will confirm in 35 blocks.

I don't understand why someone else running a pool, is so negative towards this one. I really don't want to be associated with someone like that. You aren't protecting us from anything. Show us we can earn more with you, in your own thread, not here.

I was simply pointing out that your statement was based on a failure to comprehend PPS.

My comments about PPS are simply fact but also don't include the more drastic issue of long term luck risk that Meni has explained in one of his posts about the statistics of pool payment methods.

Another thing that people don't seem to understand is:
Just because luck is bad does not mean it will correct that imbalance.
Completely flawed statement: "I was unlucky yesterday, so I will be lucky today"
Have a look at Eligius - years average of under 100% luck

This pool keeps repeatedly doing what I (and others) said would happen - but when I stated those facts, the main response I got here were people (including the pool OP) making false statements about PPLNS and telling me I was wrong - which, of course, wasn't the case - as has happened

I haven't anywhere claimed that s0br is running a scam.
My first post was (if you bother to read it) pointing out how the original thread title was wrong since at the time he listed a bunch of pools whose luck was worse that his payout rate, but ignored my pool that was better than his payout rate at the time - for a number of months

Kano I did always notice that and that has been my biggest bitch with others to prove their scam claims. I also can see how the pool was maybe intended to not turn a profit as s0br stated in his first thread but used to promote another business venture. As time goes by I question now if this other business is still planned and if not then I don't see how this pool will last the way its structured.

[aurel57]

Check your wallets as I just received payment in full.

[Ecnad]

Also paid.

[ATCkit]

organofcorti's thread lists the pros and cons of each type of Pool: https://bitcointalk.org/index.php?topic=104664.msg1146108#msg1146108

He makes a warning about PPS pools with low fees if they hit a bit of bad luck. So, I guess that's why Discus Fish charges a 4% fee.

[stonerider]

@stonerider, where is that on their site? I looked all over, and can't find anything that says anything like that first part. The hashing rate really fluctuates, so you can't do daily predictions ahead of time.


------
Edit: I got paid! Completely current now 19th - 7:04PM CDT

Go to your Dashboard, under Payment Information, click on the Click Here next to Payout History Link, and it will take you to a page with how many outstanding coins, etc...

It currently says there's 0 zero coins outstanding.  

Before anyone starts questioning me, yes I did create an account just so I can snoop around. I'm a nosy kind of a guy.

[no141]

Ok, that was recently added. The last line is "There are 0 mined blocks waiting to mature, totalling 0 Bitcoin", which is true. Still on a bad luck run, which I'm blaming on Kano 

[kano]

Ok, that was recently added. The last line is "There are 0 mined blocks waiting to mature, totalling 0 Bitcoin", which is true. Still on a bad luck run, which I'm blaming on Kano 

I'll accept that bad luck blame

[stonerider]

Ok, that was recently added. The last line is "There are 0 mined blocks waiting to mature, totalling 0 Bitcoin", which is true. Still on a bad luck run, which I'm blaming on Kano 

I'll accept that bad luck blame

Both of you kill me with your humour! LOL

[stonerider]

@stonerider, where is that on their site? I looked all over, and can't find anything that says anything like that first part. The hashing rate really fluctuates, so you can't do daily predictions ahead of time.


------
Edit: I got paid! Completely current now 19th - 7:04PM CDT

Go to your Dashboard, under Payment Information, click on the Click Here next to Payout History Link, and it will take you to a page with how many outstanding coins, etc...

It currently says there's 0 zero coins outstanding.  

Before anyone starts questioning me, yes I did create an account just so I can snoop around. I'm a nosy kind of a guy.

BTW, I was impressed with their web front-end, looks really nice, lots of graphs and eye-candy.

[Marvell1]

paid here too thanks

[aurel57]

Ok, that was recently added. The last line is "There are 0 mined blocks waiting to mature, totalling 0 Bitcoin", which is true. Still on a bad luck run, which I'm blaming on Kano 

I'll accept that bad luck blame

Get the tar and feathers!! 

See I am kind of tired about all the pools telling us why theirs is the best pool.... give me a pool called the "Bad Luck Pool" then we can all be mad when it has good luck!   

[jmumich]

We are in a patch of bad luck now, but I'm sure things will turn around and everyone will be paid asap. I like everyone else, was paid last on the 17th, 5 hours before my local midnight. The pool has paid nothing out in the last 24 hours, but did pay out 69.02355119BTC in the last 3 days. There is one block that will confirm in 35 blocks.

I don't understand why someone else running a pool, is so negative towards this one. I really don't want to be associated with someone like that. You aren't protecting us from anything. Show us we can earn more with you, in your own thread, not here.

I was simply pointing out that your statement was based on a failure to comprehend PPS.

My comments about PPS are simply fact but also don't include the more drastic issue of long term luck risk that Meni has explained in one of his posts about the statistics of pool payment methods.

Another thing that people don't seem to understand is:
Just because luck is bad does not mean it will correct that imbalance.
Completely flawed statement: "I was unlucky yesterday, so I will be lucky today"
Have a look at Eligius - years average of under 100% luck

This pool keeps repeatedly doing what I (and others) said would happen - but when I stated those facts, the main response I got here were people (including the pool OP) making false statements about PPLNS and telling me I was wrong - which, of course, wasn't the case - as has happened

I haven't anywhere claimed that s0br is running a scam.
My first post was (if you bother to read it) pointing out how the original thread title was wrong since at the time he listed a bunch of pools whose luck was worse that his payout rate, but ignored my pool that was better than his payout rate at the time - for a number of months

Kano I did always notice that and that has been my biggest bitch with others to prove their scam claims. I also can see how the pool was maybe intended to not turn a profit as s0br stated in his first thread but used to promote another business venture. As time goes by I question now if this other business is still planned and if not then I don't see how this pool will last the way its structured.

I agree that there's no reason to think it is a scam - if it were it would be a pretty bad scam. The problem is the payout method is unsustainable. The pool will (due to orphans and the 1% bonus) get further and further in debt to miners to the point where unrealistic "good luck" or implementation of a fee will be necessary to pay off miners.

I've mined here in the past because the pool is transparent about how it operates. But I (quite selfishly I suppose) only mine when the pool has had a run of "good luck" and isn't in debt to miners.

The bottom line is that the way the pool is run, by itself, is unsustainable. If I saw proof of reserves from other business ventures that may be helped by having a large number of miners in the pool that would ensure regular payouts, I'd jump back to this pool in a heartbeat. 101% PPS that is paid out regularly is hard (impossible?) to beat.

[ZymurBits]

FWIW: Mining is simply a hobby for me so not getting paid for a few days hasn't been an issue.  (I have always received full payment eventually.)  As long as the pool continues to pay above what I can find elsewhere, I see no reason to pull my miners.  I've been mining here since last August and despite a few hiccups, delayed payments and such, I'm still way ahead of what I would have received elsewhere.  (IMHO)