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

[jammers]

just catching up on the thread, i got paid the other day for current difficulty payments, but also have a balance from the old ones pending. I checked and registration is closed today to the pool for new miners. But this popped up on my alerts, I'm not sure if it's been posted already - https://bitcointalk.org/index.php?topic=104664.msg10877674#msg10877674

[1714766107]

1714766107

[aurel57]

just catching up on the thread, i got paid the other day for current difficulty payments, but also have a balance from the old ones pending. I checked and registration is closed today to the pool for new miners. But this popped up on my alerts, I'm not sure if it's been posted already - https://bitcointalk.org/index.php?topic=104664.msg10877674#msg10877674

I am not sure why my pending at the old difficulty got paid but my newer ones have not been paid yet? I am at 90+ hours? Is there a min amount now for a payout to happen?

[jonnybravo0311]

just catching up on the thread, i got paid the other day for current difficulty payments, but also have a balance from the old ones pending. I checked and registration is closed today to the pool for new miners. But this popped up on my alerts, I'm not sure if it's been posted already - https://bitcointalk.org/index.php?topic=104664.msg10877674#msg10877674

I am not sure why my pending at the old difficulty got paid but my newer ones have not been paid yet? I am at 90+ hours? Is there a min amount now for a payout to happen?

There's got to be a threshold, otherwise the pool would be pushing dust and the payouts would likely never confirm.  I can't find any such threshold listed, however.

What happens if I were to submit a single share to the pool?  A single share has a value of 0.00000000053513BTC.  BTC cannot be distributed in that amount as you can only have 8 decimal places.  How about if I submit 100 shares?  Would the pool attempt to send me 5 satoshi?

[aurel57]

just catching up on the thread, i got paid the other day for current difficulty payments, but also have a balance from the old ones pending. I checked and registration is closed today to the pool for new miners. But this popped up on my alerts, I'm not sure if it's been posted already - https://bitcointalk.org/index.php?topic=104664.msg10877674#msg10877674

I am not sure why my pending at the old difficulty got paid but my newer ones have not been paid yet? I am at 90+ hours? Is there a min amount now for a payout to happen?

There's got to be a threshold, otherwise the pool would be pushing dust and the payouts would likely never confirm.  I can't find any such threshold listed, however.

What happens if I were to submit a single share to the pool?  A single share has a value of 0.00000000053513BTC.  BTC cannot be distributed in that amount as you can only have 8 decimal places.  How about if I submit 100 shares?  Would the pool attempt to send me 5 satoshi?

Not sure but when the pool first started it paid every hour and we asked for it to be extended as a lot were getting very small payments.
The amount due to me is larger than what was paid a couple days ago from the older difficulty.

[recremd]

It's been a week since I was last paid.

Current Time   2015-03-26 12:09:58
Last Payout Time   2015-03-17 21:03:27
Last Payout Avg Hashrate   27.79 GH/s
Pending Shares   1,025,770
Pending Payout   0.00054892
-- Bonus (1%)   0.00000548
-- Previous Difficulty   0.76298011

[jonnybravo0311]

Not sure but when the pool first started it paid every hour and we asked for it to be extended as a lot were getting very small payments.
The amount due to me is larger than what was paid a couple days ago from the older difficulty.

Well, you would get ridiculously small payments.  One would expect to find a difficulty 1 share after 2^32 attempts.  That means a 1TH/s miner would expect to find 232.83 a second.  Let's say for the sake of argument that I set my difficulty to be 232.83, so I'm expecting to submit 1 share per second to the pool.  That's 3600 shares in an hour.  3600 * 232.83 * 0.00000000053513 = 0.000448534BTC.  So, 24 of those tiny payments a day.  How about the guy with an S3?  0.00019736BTC an hour.  An S1?  0.00008074BTC an hour.

Basically, if you've got anything less than an S3, you're likely going to end up spending more in fees trying to send your coin somewhere than you're getting from mining in the first place.  Obviously, the longer you set your payout threshold, the more BTC you're going to get per payout.

That's why I don't understand why any typical miner would bother to setup payouts at anything less than 24 hours.  Sure, if you're pushing hundreds of TH/s, you might accept more payouts per day, but pushing that kind of hash rate is not a "typical" miner

[aurel57]

It's been a week since I was last paid.

Current Time   2015-03-26 12:09:58
Last Payout Time   2015-03-17 21:03:27
Last Payout Avg Hashrate   27.79 GH/s
Pending Shares   1,025,770
Pending Payout   0.00054892
-- Bonus (1%)   0.00000548
-- Previous Difficulty   0.76298011

I would not be happy, but if you say to much you will be asked to leave.  

It looks like you must have moved your miners and I don't blame you.

[aurel57]

Not sure but when the pool first started it paid every hour and we asked for it to be extended as a lot were getting very small payments.
The amount due to me is larger than what was paid a couple days ago from the older difficulty.

Well, you would get ridiculously small payments.  One would expect to find a difficulty 1 share after 2^32 attempts.  That means a 1TH/s miner would expect to find 232.83 a second.  Let's say for the sake of argument that I set my difficulty to be 232.83, so I'm expecting to submit 1 share per second to the pool.  That's 3600 shares in an hour.  3600 * 232.83 * 0.00000000053513 = 0.000448534BTC.  So, 24 of those tiny payments a day.  How about the guy with an S3?  0.00019736BTC an hour.  An S1?  0.00008074BTC an hour.

Basically, if you've got anything less than an S3, you're likely going to end up spending more in fees trying to send your coin somewhere than you're getting from mining in the first place.  Obviously, the longer you set your payout threshold, the more BTC you're going to get per payout.

That's why I don't understand why any typical miner would bother to setup payouts at anything less than 24 hours.  Sure, if you're pushing hundreds of TH/s, you might accept more payouts per day, but pushing that kind of hash rate is not a "typical" miner

I have 3.7TH/s and only had mine set low so I could keep a eye on payouts and tried to get a heads up if there was a problem so I could move them if needed. I finally settled on a 12 hour payout but would have vary happy with 24hours if you could count on it.

Also just to clear when the pool started PPS everyone got paid every hour no matter how much hash you had. It was ridicules but I think it was a way for s0br to check his automatic payouts without risking to much coin if it screwed up. We asked him to extend the time between payout which he did, but now we have the opposite problem..  

Also:
Our combined oustanding balance in queue to be paid is 179.83369379 Bitcoin.
There are 2 mined blocks waiting to mature, totalling 50 Bitcoin

[Marvell1]

Yeah the dealays are ridiculous probably moving mine as well

[remnokc]

Well, I too have yet to be paid from before the last difficulty change - but have been paid once after....(the 'before' is still showing in my queue, yes it is weird    )
But I have also had payment delays from some of the other pools I participate in too.
And according to my own nogg'n scratching it seems this pool pays better per my own hash-rate than any of the others I mine at, on a comparison basis.
So I guess I will stay for awhile yet.

[needmoney]

Realy I didn't understand how pool operators make profit ?

[aurel57]

Realy I didn't understand how pool operators make profit ?

Some don't....

I spend $20,000 a month buying btc to offset the variance not to mention around 200+ BTC I've had to cover from hacks and thefts from the earlier days... Even with our registrations being closed our speed is increasing... which doesn't make things easier for me.

So the pool really does want miners to leave and lower the hash rate on the pool for now,  but lost trust is hard to gain back.

[philipma1957]

we just hit a block.

[jammers]

I know from when I looked at it back in my original review, the pool (when it's on top of itself) pays out on the set time basis when you have a balance above 0.001 btc.

But when it's behind like it is now (although found 3 blocks today which will make a dent), it then starts to pay out once the blocks mature and I guess the hot wallet is filled up. From looking through the logs over the last few days, it seems to go through people in order of balance due, ie there's a few of the big miners who've built up balances that go out from the first block, and then it works it's way through from highest balance down, and so clears all the 0.2's, 0.1's, 0.09's etc. Although sometimes I've seen it work the other way, clearing tons of smaller balances.

[padrino]

I know from when I looked at it back in my original review, the pool (when it's on top of itself) pays out on the set time basis when you have a balance above 0.001 btc.

But when it's behind like it is now (although found 3 blocks today which will make a dent), it then starts to pay out once the blocks mature and I guess the hot wallet is filled up. From looking through the logs over the last few days, it seems to go through people in order of balance due, ie there's a few of the big miners who've built up balances that go out from the first block, and then it works it's way through from highest balance down, and so clears all the 0.2's, 0.1's, 0.09's etc. Although sometimes I've seen it work the other way, clearing tons of smaller balances.

Thankfully between the matured blocks and the ones maturing there is 175BTC for payouts, they get kicked off manually after the BTC is moved over...

[philipma1957]

I could use my 1.036 btc due me. along with some doge and NMC

[senderz]

Ha been 3 days for me

Current Time   2015-03-27 12:08:51
Last Payout Time   2015-03-24 20:45:41
Last Payout Avg Hashrate   150.29 GH/s
Pending Shares   13,145,390
Pending Payout   0.00703450
-- Bonus (1%)   0.00007034

[philipma1957]

my thanks to s0br

I could use my 1.036 btc due me. paid up   So I put in 1 btc of rentals and got 1.036 back

payments here and this was zero now 1.036 plus dust

https://blockchain.info/address/1Fo2K52Rz7LZw9fcF5BDdDBjfNaViQ8J3x

 along with some doge and NMC ------- still waiting

[yslyung]

just got paid after 4 days +, pool pays but just got to bare with delays sometimes. so far been paid everytime.

[aurel57]

I just got paid in full after 1 week wait. The problem is poor communication and the wait is getting longer. Good luck.