[ANN] CoinLab Protected Pool

[jcpham]

leaky shares have always been one of my favorite bonuses with a multi-pool setup in cgminer.

since joining this pool, I've converted a linux rig to windows in anticipation of client testing.

i remember the good 'ol days of crazy PPS like .000065, so if the pay is high enough, I'll convert to nvidia if the price is right.

everything seems to really hinge on the client imo. keep up the good work coinlab.

[yochdog]

I am just attempting to figure out if the foregone earnings now is worth the potential bonus later. 

If you use cgminer, there will not be any 'foregone earnings', the shares will be at the other pools. or solo.

hmmmm, I do not see any shares bleeding over to the back-up pool.

Dammit this sucks. 

Yoch.  Since your using cgminer.  you can easily test this.  create a new user for coinlab and restart cgminer with new user.  cgminer will track the number of accepted shares which can then be compared to the coinlab stats.

roger

[CoinLab]

I am just attempting to figure out if the foregone earnings now is worth the potential bonus later. 

If you use cgminer, there will not be any 'foregone earnings', the shares will be at the other pools. or solo.

hmmmm, I do not see any shares bleeding over to the back-up pool.

Dammit this sucks. 

Yoch.  Since your using cgminer.  you can easily test this.  create a new user for coinlab and restart cgminer with new user.  cgminer will track the number of accepted shares which can then be compared to the coinlab stats.

Yoch, this is the first time we've heard of this problem.  JJiimm's suggestion is a good way for you to test what is going on.  If you find that cgminer is displaying more accepted shares than your stats, please let us know immediately.  However, FPGAs aren't really a strategic priority for our pool, so if the shares are being properly credited but FPGAs can't work as efficiently on our pool for some reason, I'd recommend switching to another pool. We won't have any dev time for FPGA-specific optimizations in the next few weeks.

[GenTarkin]

cgminer bleeding of shares to other pools can be avoided by using --failover-only

[jjiimm_64]

cgminer bleeding of shares to other pools can be avoided by using --failover-only

maybe you missed the part where I have found 3 solo blocks with bleedover shares... why would you not want them?

[Zubilica]

Any eta on HPC Software ?

[monstrs]

I am just attempting to figure out if the foregone earnings now is worth the potential bonus later. 

If you use cgminer, there will not be any 'foregone earnings', the shares will be at the other pools. or solo.

hmmmm, I do not see any shares bleeding over to the back-up pool.

Dammit this sucks. 

Yoch.  Since your using cgminer.  you can easily test this.  create a new user for coinlab and restart cgminer with new user.  cgminer will track the number of accepted shares which can then be compared to the coinlab stats.

roger

Is this possible with gpu ming, anyone has compared cgminer shares and coinlab?

[jjiimm_64]

Is this possible with gpu ming, anyone has compared cgminer shares and coinlab?

yes.
read back about 10 or 15 posts, i reference a test from last month

[GenTarkin]

cgminer bleeding of shares to other pools can be avoided by using --failover-only

maybe you missed the part where I have found 3 solo blocks with bleedover shares... why would you not want them?

oh, haha, well then you must have one hell of a hashrate...geez =P

[CoinLab]

105%!

[meebs]

cgminer bleeding of shares to other pools can be avoided by using --failover-only

maybe you missed the part where I have found 3 solo blocks with bleedover shares... why would you not want them?

if you are comparing the shares accepted by CGminer compared to shares accepted by pool, during the test you dont want bleedover to overpools

[monstrs]

I have set backup pools in cgminer, doesnt it automaticaly switch to thoes, if coinlab is not accepting shares?

[jjiimm_64]

2 weeks!!!

http://bitcoinclock.com/

bitcoin midnight is almost upon us....

at which time my profit(after elec) for 58G goes from about 120 a day down to about 25

16 btc day  176$ - 65 = 110$
8 btc day  88$ - 65 = 23$

OUCH

min profit:
58g  2.50*58  = 145$  -65 = 80$

obviously the payout cannot go by hashrate must be usd/share



CoinLab:
Please give us more information about the minimum profit.  How much USD per share will we get?  When paying in btc, what exchange rate will you use(what time of week)?

bump

[AniceInovation]

ATM, 1GHash/s revenues 3.3 USD per day. If it ever goes lower than 2.5 USD, we start using loyalty points. So if BTC prices remain the same, when the reward halves to 25 BTC that will happen.
That's what i understood.

[yochdog]

ATM, 1GHash/s revenues 3.3 USD per day. If it ever goes lower than 2.5 USD, we start using loyalty points. So if BTC prices remain the same, when the reward halves to 25 BTC that will happen.
That's what i understood.

Yes, this is correct.....but what we are all looking for is details on how redemption will work.

It is kind of sketchy on details at the moment. 

[GenTarkin]

ATM, 1GHash/s revenues 3.3 USD per day. If it ever goes lower than 2.5 USD, we start using loyalty points. So if BTC prices remain the same, when the reward halves to 25 BTC that will happen.
That's what i understood.

yeahp, it will happen at the 25BTC reward halving for sure, unless the market value of 1BTC doubles.. LOL!
if we dont start cashing in shares @ loyalty point value by that time or shortly after then, CL most likely a scam. =( .. even though a legit company, means they probably abandoned the project entirely. Only time will tell.

Although, I did find their wurmonline portal for generating in game coins... seems that is in beta for wurmonline as of june 26th... not sure what the status of it is now..
At least they got one game, if that even proved successful.. LOL

[CoinLab]

CoinLab:
Please give us more information about the minimum profit.  How much USD per share will we get?  When paying in btc, what exchange rate will you use(what time of week)?

bump

Loyalty Points will be redeemed at $0.00012427 PPS (note the dollar sign). 

We're still settling our redemption scheme.

Miners, how would you feel if we held your balance in USD, and converted upon payout?

What exchange rate do you suggest we use? We were thinking about a 24-hour or 7-day average.

[jjiimm_64]

Miners, how would you feel if we held your balance in USD, and converted upon payout?

What exchange rate do you suggest we use? We were thinking about a 24-hour or 7-day average.

I will take first crack at this:


Keep the balance in both USD and BTC (24hour avg) with a button to cash out in btc at any time!

[jjshabadoo]

I second what Jimm has said.

Options are great and people need instant payouts.

[jjiimm_64]

Miners, how would you feel if we held your balance in USD, and converted upon payout?

What exchange rate do you suggest we use? We were thinking about a 24-hour or 7-day average.

I will take first crack at this:


Keep the balance in both USD and BTC (24hour avg) with a button to cash out in btc at any time!

after running some numbers and possible scenarios.. I would like the option to continue earning loyalty points till the asics are released.