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Re: [1300Th] Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 #
I suspect we're talking almost negligible numbers here too as far as miners are concerned.
If , hypothetically, the fee was 0.3%, this represents;
1) A not insignificant income to WK (As this stands at the mo approx 6TH of gross income)
2) An insignificant impact on miners revenue
There could potentially be a tiered fee system too (To account for the effort required to fix a problem if a miner is sending 1gh or 100th, are pretty much the same. So a lower fee % the more hash rate you are sending to the pool, based on an average period or whatever).
I don't have a problem someone being rewarded for their hard work, and providing a valuable (profitable) service..
If , hypothetically, the fee was 0.3%, this represents;
1) A not insignificant income to WK (As this stands at the mo approx 6TH of gross income)
2) An insignificant impact on miners revenue
There could potentially be a tiered fee system too (To account for the effort required to fix a problem if a miner is sending 1gh or 100th, are pretty much the same. So a lower fee % the more hash rate you are sending to the pool, based on an average period or whatever).
I don't have a problem someone being rewarded for their hard work, and providing a valuable (profitable) service..
Re: [1300Th] Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 #
Just an anecdote of "trust" here;
I moved from BTCGuild to Eligius DURING the db problems.....I'm not worried
Just a thought WK....what % pool fee would you have to charge to make it your "full time job"?
I suspect the vast majority of significant miners would stay even if you did charge a fee.....
I moved from BTCGuild to Eligius DURING the db problems.....I'm not worried
Just a thought WK....what % pool fee would you have to charge to make it your "full time job"?
I suspect the vast majority of significant miners would stay even if you did charge a fee.....
Can the removal of BTC from multipool.us be considered?
The switching speed of the pool doesn't coalesce well with the overall concept because of the overall low hashrate (compared to other pools), and the overall low amount of time that hashrate contributes to directly mining BTC.
The outcome of this is invariably 48h+ mining that achieves no return whatsoever, and a switch is made to an altcoin.
The only way a small(er) pool will be successful in mining BTC is with a dedicated and ongoing hashrate. This quite simply is not a realistic expectation from a profit-switching mining pool.
The switching speed of the pool doesn't coalesce well with the overall concept because of the overall low hashrate (compared to other pools), and the overall low amount of time that hashrate contributes to directly mining BTC.
The outcome of this is invariably 48h+ mining that achieves no return whatsoever, and a switch is made to an altcoin.
The only way a small(er) pool will be successful in mining BTC is with a dedicated and ongoing hashrate. This quite simply is not a realistic expectation from a profit-switching mining pool.
Rather than removal...is there "another way"...^^^ see above.
Is there anyway we can re-direct our hashing power to another pool for a "guaranteed" return...I am not technical, however, I would imagine there must be an option of some sort??
Hopefully Flound has that "other way"??
are there any plans to implement a smart phone app that updates us on the status of the pool? i.e: the coin currently mining with info generated from an API key? looking around i see a few pools that do it but i dont see any pooled mining sites that do it.
There are two on play store already....quite basic, though does offer something useful
Is this just crazy talk>>>
From what I read on the FAQs and in this thread, BTC mining isn't hugely rewarding using multipool.
When the pool has to mine BTC, is there anyway you can "point" the Multipool hashing power to say a new account called "multipool" on BTCguild for example, and become one of their miners, get paid, then share those as dividends based on hash rate contributed??
From what I read on the FAQs and in this thread, BTC mining isn't hugely rewarding using multipool.
When the pool has to mine BTC, is there anyway you can "point" the Multipool hashing power to say a new account called "multipool" on BTCguild for example, and become one of their miners, get paid, then share those as dividends based on hash rate contributed??
A $4000-$5000 BTC in 2014? I don't think so IMO.
I expect that in 3-5 years.
I think (and hope) there will be steady avg 5% growth per month for BTC.
The most exciting prospect for me in 2014 will be WDC (WorldCoin).
I expect that in 3-5 years.
I think (and hope) there will be steady avg 5% growth per month for BTC.
The most exciting prospect for me in 2014 will be WDC (WorldCoin).
