Post
Topic
Board Pools
Re: Whatever happened to Bitcoin Affiliate Network?
by
kano
on 14/11/2014, 14:09:09 UTC
...
PPLNS pools are straight up scams from the get go, they have pool owner profit on the mind and nothing else, to say I have a PPLNS pool you may as well say i want you to mine for me and only get rewarded a tiny portion of what you actually put in. All these other mining strategies have nothing but pool profit worked in, no has ever sat down at the drawing table and said how can I run a pool that is fair to my members and profitable to me at the same time ...UNTIL Bitcoin Affiliate. There are only 2 fair paying pools PPS Pay Per Share and PPP Pay Per Proportion anything other than this is not as profitable for the miners as it should be, but is extremely profitable for the pool owners.

Lets be business economics honest, how much cost do you really have in running a good pool. You can start out cheap maybe 40-60 bucks a month for a VPS and 100 bucks a year for a website domain. A lot of coding you need is already opensource anyways so you just need to put it all together. so an upfront few BTC or cash to have a good coder put it all together. You can even go the cheap lazy route and get some cloudfare security, another small cost but may be beneficial.  So in a sense you can have roughly 70-80 bucks a month for the necessities. 0.25BTC max. As your pool grows and you begin to bring in profits you will need to upgrade to the next level servers and then begin to add support  people to help you with customer support.  

Is it that easy NO easier said than done but I am just putting the facts out there.
...
Except your "facts" include some complete and utter rubbish.
Either you are simply confused and do not understand pool payout methods or you are lying for some bazaar reason.

The actual payout "method" has nothing at all to do with the % of pool owners profit.
Read that again:
The actual payout "method" has nothing at all to do with the % of pool owners profit.

I run a PPLNS pool and each block I receive I payout 99.1% of the total block value.
The fact that I say and do payout 99.1% of the total block means ... guess what? ... I make 0.9% of the reward.
How the fuck is that 40%?
Seriously go learn some elementary school maths.

Prop pools are the worst pools of all since they mean that long term miners will make less per share that short term miners who hop the pool.

On a PPS pool, the amount paid out depends on the PPS rate - most pools that used to use PPS would charge a high % fee (4%-7%) because PPS is a high risk payment scheme and proven statistically that the pool should eventually run out of money.

The biggest issue with BAN is that they are hiding where the extra 10% is coming from.
Why do people hide things unless they don't want people to know it.
Also note a rather glaring issue "hiding details" doesn't at all equal "transparency" Tongue

Seriously can you stop posting this rubbish and learn about pools and payouts.

Your post above is simply making a fool of yourself due to it's ridiculous inaccuracies.