[ANN] CoinLab Protected Pool

[jjshabadoo]

Also, won't we need to raise our mem clocks on our gpus for this kind of work? It will raise our electricity costs at least 10-20% depending on the cards.

Would memory overclocking also be helpful ?

[-ck]

Also, won't we need to raise our mem clocks on our gpus for this kind of work? It will raise our electricity costs at least 10-20% depending on the cards.

Would memory overclocking also be helpful ?

The work requirements at this stage are entirely unknown, but we're talking (potentially) about a world where mining bitcoin on GPUs is completely unprofitable.

[jjshabadoo]

Don't get me wrong, I'm not attempting to be critical of this venture as I see it to be an excellent idea. I thought about attempting to do this myself about 6 months ago, but I lack the technical expertise to pull it off.

I was simply wondering about higher mem clocks in an attempt to see what my costs might look like.

I will certainly be bringing my farm to a service like this in the near future. I love hardware and playing with machines. ASIC is simply boring to me and even if there was a more reliable company producing them on the horizon, I'm not interested in that type of mining.

I'm also glad to see ckolivas on board as this greatly increases my confidence in this venture, not that coinlab doesn't already have a good reputation.

[Sitarow]

Also, won't we need to raise our mem clocks on our gpus for this kind of work? It will raise our electricity costs at least 10-20% depending on the cards.

Would memory overclocking also be helpful ?

Well if your using Nvidia then mem clocks are not important. However CPU cycles may be.

[Bigpiggy01]

Don't get me wrong, I'm not attempting to be critical of this venture as I see it to be an excellent idea. I thought about attempting to do this myself about 6 months ago, but I lack the technical expertise to pull it off.

I was simply wondering about higher mem clocks in an attempt to see what my costs might look like.

I will certainly be bringing my farm to a service like this in the near future. I love hardware and playing with machines. ASIC is simply boring to me and even if there was a more reliable company producing them on the horizon, I'm not interested in that type of mining.

I'm also glad to see ckolivas on board as this greatly increases my confidence in this venture, not that coinlab doesn't already have a good reputation.

+1

[CoinLab]

Announcement

8/20/12 - Users who contribute an average hashrate of 10GH/s over the week (submit a total of at least 1,125,000 shares) will now earn 97% PPS.  Each week starts Monday, so start mining now to get a 97% PPS next monday!

[auctioneeeeer]

Don't get me wrong, I'm not attempting to be critical of this venture as I see it to be an excellent idea. I thought about attempting to do this myself about 6 months ago, but I lack the technical expertise to pull it off.

I was simply wondering about higher mem clocks in an attempt to see what my costs might look like.

I will certainly be bringing my farm to a service like this in the near future. I love hardware and playing with machines. ASIC is simply boring to me and even if there was a more reliable company producing them on the horizon, I'm not interested in that type of mining.

I'm also glad to see ckolivas on board as this greatly increases my confidence in this venture, not that coinlab doesn't already have a good reputation.

+1 here as well!

[CoinLab]

Announcement

Web interface for tracking earnings is now live.  Check it out here:

http://pool.coinlab.com/partners/protected

Use the same credentials as you use to sign in to our pool.  Literally just pushed it live, so let us know what you think about it or if you have any problems.

Enjoy!

- The CoinLab Team

[GenTarkin]

So, let me get this right... you guys are only offering to extend my gpu's usefullness by the amount of above 2.50$/gh/1day of shares submitted ... when the value of shares go below that?
So, lets say I mine 1million shares above your 2.50$ mark.
That means I would only get 1million protected shares and after that... I mine at w/e the current btc landscape looks like?
In other words if I signed up right now, and asics came out in 3 months, I would only have enough credits to extend my gpu's 3 months beyond that...(given the predictions bout ASICs are true)

Or am I missing something?

[dentldir]

Thanks for this.  The login credentials seem to be mostly the same, only without the prefix on the username.

Any plans for more flexibility on payouts?

[joyyen]

Thanks for this.  The login credentials seem to be mostly the same, only without the prefix on the username.

Any plans for more flexibility on payouts?

+1

[CoinLab]

If you send me an email, I can process a special payout for you within 1 business day.  We're going to build an automated payout system within the next month.  What kind of flexibility would you like?  We'd love to hear your input so we can design the best payout system to serve you.

You are correct about the login credentials.  To sign in the pool, your username is protected_username.  To sign in to our web interface, you just enter you username (without "protected_").

[GenTarkin]

coinlab, did you get my PM? havent heard back from ya yet and see that you are on..

[CoinLab]

coinlab, did you get my PM? havent heard back from ya yet and see that you are on..

Yep, check the email address you PM'd.

[GenTarkin]

coinlab, did you get my PM? havent heard back from ya yet and see that you are on..

Yep, check the email address you PM'd.

ty much! =)

[jjshabadoo]

Not sure if it matters to people, but I will be supporting Coinlab's project by adding about 10+ GH/s to this pool by Monday. I hope to add another 5+ Gh/s shortly thereafter.

Maybe this will help others decide to join. For those of you with GPU farms, I believe this venture will prove to be fruitful for all of us.

I also just ordered some 7970's so should have another 2 GH going as well bringing me to about 17-18 GH/s.

Once I see things rolling I will start adding nvidia GPU's as these should be more efficient for non-bitcoin related processing.

[dentldir]

If you send me an email, I can process a special payout for you within 1 business day.  We're going to build an automated payout system within the next month.  What kind of flexibility would you like?  We'd love to hear your input so we can design the best payout system to serve you.

Thanks for the info.

The most useful withdrawals for me are:
1) Basic: One time manual withdrawal to a manually entered address (usually above a minimum threshold like 0.01 BTC).  This lets you pay anyone, including yourself one time.
2) List Based: One time withdrawal from an editable list of addresses (for commonly used addresses, exchanges, etc).  The list also lets you set a default address so you can have a one click payout button.
3) Time Based: Recurring withdrawals to an address in the list. Multiple times a day / once every day at 4:30pm EST / once every 7 days / once every 30 days.  This one is used for paying out multiple times a day or to pay recurring bills.

Minimum thresholds usually apply on most pools so you don't get outbound coin spamming. 

At 1.5GH now.  I suppose I'll start digging up my Nvidia cards as well.

Cheers.

[philips]

Quick question:

What time interval (or method) is used at CoinLab pool to approximate users hash-rate?
I am asking this because I am hashing constantly with 4.5GH and my status never rose above 3.5GH in about 20 hours since I began mining.

It is true that I had a couple of gaps in hashing time (maybe a hour in total).

[CoinLab]

Quick question:

What time interval (or method) is used at CoinLab pool to approximate users hash-rate?
I am asking this because I am hashing constantly with 4.5GH and my status never rose above 3.5GH in about 20 hours since I began mining.

It is true that I had a couple of gaps in hashing time (maybe a hour in total).

We use a 1 week time scale.  We've noticed a number of users are seeing lower numbers reported server-side than they see in their miner.  The devs are looking into this.  We're pretty busy with some other things today, but they said they should have a good answer by end of day tomorrow.

Once we figure out what is happening (is it just a bad average or are we actually losing some shares somewhere), we will compensate our miners for any losses that we are responsible for.  (Ex. if something is causing us to lose about 20% of shares, we'll pay out 20+% extra this week). We promise, everyone will be made whole.

That said, we think its probably on the reporting, rather than the crediting, side.

Thanks for letting us know that you're also experiencing this problem.  I'll personally let you know what our findings are tomorrow.

[philips]

Understood.
 
I wanna add though that we could use a shorter time scale with more immediate relevance, something like an hour or even better, an adjustable period of time.

Thank you