[ANN] CoinLab Protected Pool

[GenTarkin]

Veteran's Day was yesterday, so quite a few businesses are closed today here in the US.  So I wouldn't read to much into no forum activity from CoinLab today.

But this is a pretty good example of why I am a firm believer in automatic payouts.

Yeah, thats prob why no bonus rates today =/ , they all taking the day off... meanwhile here at my place, we gotta work, just one state lower than WA =P ha

[1714029113]

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[1714029113]

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[pT75y]

today is Tue & balance>1 & I have payout = false.
any comments?

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07.11.2012 7:33, info@coinlab.com пишeт:
> Hey koi7,
> Every Monday, we'll pay out everyone who has earned at least 1 BTC. If you need a payout some other time, email support@coinlab.com and we'll do our best to process it ASAP (but give us a business day before worrying). Automated payments will be coming soon.
today is Tue & balance>1 & I have payout = false.

[monstrs]

Maybe you have not mined 1BTC. That is minimum for payment to proceed automaticaly. Write coinlab here in forum, you will get the answer.

today is Tue & balance>1 & I have payout = false.
any comments?

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07.11.2012 7:33, info@coinlab.com пишeт:
> Hey koi7,
> Every Monday, we'll pay out everyone who has earned at least 1 BTC. If you need a payout some other time, email support@coinlab.com and we'll do our best to process it ASAP (but give us a business day before worrying). Automated payments will be coming soon.
today is Tue & balance>1 & I have payout = false.

[Shadow383]

So, how often are payouts delayed like this?

[AmDD]

So, how often are payouts delayed like this?

Not often.

[TheHarbinger]

Veteran's Day was yesterday, so quite a few businesses are closed today here in the US.  So I wouldn't read to much into no forum activity from CoinLab today.

But this is a pretty good example of why I am a firm believer in automatic payouts.

Okay, I posted that yesterday.  Didn't really expect a payout on what was a federal holiday.  But seriously CoinLab, I happen to be a U. S. Military Veteran and I did work yesterday, the least you guys could have done was log in and throw up a post to let people know what was going on.  This is the sort of thing that causes unnecessary anxiety for the pool users, and those who are considering using CoinLab.

[jjiimm_64]

Veteran's Day was yesterday, so quite a few businesses are closed today here in the US.  So I wouldn't read to much into no forum activity from CoinLab today.

But this is a pretty good example of why I am a firm believer in automatic payouts.

Okay, I posted that yesterday.  Didn't really expect a payout on what was a federal holiday.  But seriously CoinLab, I happen to be a U. S. Military Veteran and I did work yesterday, the least you guys could have done was log in and throw up a post to let people know what was going on.  This is the sort of thing that causes unnecessary anxiety for the pool users, and those who are considering using CoinLab.

Maybe the reward drop in 2 weeks and asics in 3-4 weeks is much of a concern?

edit.. totally the opposite of what i meant.
Maybe the reward drop in 2 weeks and asics in 3-4 weeks is NOT much of a concern to coinlab?

[jcpham]

I have yet to complain but here's my first shot: Coinlab needs to address the payout situation timely. Not every week, but daily. If you can't handle paying the bonuses, you shouldn't offer them.

If you plan to take the day off for a holiday, especially when you should be making payouts, you should announce it.

[CoinLab]

Sorry!  We had an office holiday yesterday.  Monday Payouts are going out now.  

Current Bonus rate: 103%

[jjshabadoo]

I second the payouts, pool has had plenty of time to mature. Every major pool offers instant payouts at anytime.

In the Bitcoin world if you want to garner trust, the first step is to pay people for their work.

Now I have spoken with Coinlab folks directly on a few occasions and although I am not privy to their financials, they are not some upstart bitcoin scam based on what I have seen. So in my opinion I wouldn't be concerned about their legitimacy and viability.

They are simple experiencing some growing pains and a ursh to get HPC work which makes sense. They just probably have limited understanding of how us miners view things. We're like any other group of specialty workers, we have our culture...lol.

Miners care about these things in my opinion:

1. Getting our bitcoins as quickly and frequently as possible!
2. Having a web based statistical portal to view our mining activity, doesn't need to be pretty, just packed with info and access!
3. The overall health of the pool - uptimes, total hashrate, general pool stability


Just my 2 cents.

[monstrs]

I second the payouts, pool has had plenty of time to mature. Every major pool offers instant payouts at anytime.

In the Bitcoin world if you want to garner trust, the first step is to pay people for their work.

Now I have spoken with Coinlab folks directly on a few occasions and although I am not privy to their financials, they are not some upstart bitcoin scam based on what I have seen. So in my opinion I wouldn't be concerned about their legitimacy and viability.

They are simple experiencing some growing pains and a ursh to get HPC work which makes sense. They just probably have limited understanding of how us miners view things. We're like any other group of specialty workers, we have our culture...lol.

Miners care about these things in my opinion:

1. Getting our bitcoins as quickly and frequently as possible!
2. Having a web based statistical portal to view our mining activity, doesn't need to be pretty, just packed with info and access!
3. The overall health of the pool - uptimes, total hashrate, general pool stability


Just my 2 cents.

Good point of what miners need.

[jjiimm_64]

Miners care about these things in my opinion:

1. Getting our bitcoins as quickly and frequently as possible!
2. Having a web based statistical portal to view our mining activity, doesn't need to be pretty, just packed with info and access!
3. The overall health of the pool - uptimes, total hashrate, general pool stability


Just my 2 cents.

Thanks for this..  I totally agree with 2, and 3.  personally #1 is not as important to me.

BUT:

They are simple experiencing some growing pains and a ursh to get HPC work which makes sense.

I need to say with EACH passing day I am getting more and more nervous.  

[juhakall]

Sent an email to support, because my payment is still missing. I do have over 1 BTC earned.

[AmDD]

Sent an email to support, because my payment is still missing. I do have over 1 BTC earned.

I just got my payment, Im sure yours is on the way...

[jjiimm_64]

Sent an email to support, because my payment is still missing. I do have over 1 BTC earned.

I just got my payment, Im sure yours is on the way...

Not unless he had 1 btc before the cutoff.  Sat evening.

[AmDD]

Sent an email to support, because my payment is still missing. I do have over 1 BTC earned.

I just got my payment, Im sure yours is on the way...

Not unless he had 1 btc before the cutoff.  Sat evening.

I was assuming he did. But you are right... 

[GenTarkin]

I second the payouts, pool has had plenty of time to mature. Every major pool offers instant payouts at anytime.

In the Bitcoin world if you want to garner trust, the first step is to pay people for their work.

Now I have spoken with Coinlab folks directly on a few occasions and although I am not privy to their financials, they are not some upstart bitcoin scam based on what I have seen. So in my opinion I wouldn't be concerned about their legitimacy and viability.

They are simple experiencing some growing pains and a ursh to get HPC work which makes sense. They just probably have limited understanding of how us miners view things. We're like any other group of specialty workers, we have our culture...lol.

Miners care about these things in my opinion:

1. Getting our bitcoins as quickly and frequently as possible!
2. Having a web based statistical portal to view our mining activity, doesn't need to be pretty, just packed with info and access!
3. The overall health of the pool - uptimes, total hashrate, general pool stability


Just my 2 cents.

Good point of what miners need.

Not so much as a point of what we "need" but rather what we "want. All we really need is to know our reported hashrate & a reliable payout w/ history. Pretty much what they have now. Since they arent focusing just on BTC mining, infact moreso on HPC contracts w/ payout in BTC... I can see why their site is not so BTC mining centric.
But, I, like the rest of you, Love moar stats!!! =P

[CoinLab]

Last week has been paid out for all users with a balance over 1BTC (including you juhakall  ) 

Again, my apologies for the late payment and for not letting you all know that we wouldn't be in the office yesterday.

Right now, most of our developers are working on the final touches of the client before we release the initial windows build. One developer is working on some web stats improvements.

We really need to get the Windows client out the door, but once we do, we'll be taking some time to talk to some of our miners directly about what they need/want in the "Pro" linux client. If you have thoughts to contribute, post here, PM, or we can set up a skype call.

Thanks for your patience.

Chris

[GenTarkin]

Last week has been paid out for all users with a balance over 1BTC (including you juhakall  ) 

Again, my apologies for the late payment and for not letting you all know that we wouldn't be in the office yesterday.

Right now, most of our developers are working on the final touches of the client before we release the initial windows build. One developer is working on some web stats improvements.

We really need to get the Windows client out the door, but once we do, we'll be taking some time to talk to some of our miners directly about what they need/want in the "Pro" linux client. If you have thoughts to contribute, post here, PM, or we can set up a skype call.

Thanks for your patience.

Chris

Chris, whatever "pro" features end up in the linux version, I sincerely hope will be in the windows version as well, in the form of AT LEAST, command line stuff...

[JWU42]

So payouts are only over 1 BTC?  That would explain my lack of payment...