Hi Everyone,

I'd just like to apologize over our delays in withdraws recently at chunkypools. We had an unfortunate issue with our wallet not recognizing the correct total balance, along with a manual error I made personally. We've now fixed the issue and regular payouts and withdraws have now resumed on the nav pool.

Thanks again for your patience, and we hope to see you back on the NAV pool at chunkypools.com/sum

Best regards,

Chris

Minerjoen I sent you a PM and some emails yesterday about an accidental overpayment, could you please check your messages and get back to me?

There we go all fixed, sorry about that. I guess my find and replace function didn't go through all the way. It's always the little things

We are live! https://chunkypools.com/zs/

Thanks again for your patience zimstake, if anyone wants to PM me their usernames I'll add you to the nofees list as a thank you.

All the best,

Chris

I should add, that I've seen some miners did deploy onto the port, we will ensure you will be paid out in zimstake despite what your account may show before we finalize the launch of the pool. If anyone has any questions regarding their chunky accounts they can message me directly at any time. Thanks again for your patience!

Best regards,

Chris

Hello everyone,

I'd like to apologize for the delay in having the multipool ready. We still expect to have the pool up and running today, and I'm awaiting a final update from our senior dev now.

As a thank you for your patience, we will be extending no-fees passes for one week to everyone who mines on the zimstake pool.

Best regards,

Chris

Good morning everyone,

We are expecting to have the zimstake multipool at chunkypools.com ready later today.

All the best,

Chris

Hi everyone,

Just a heads up from chunkypools, until this issue with bittrex is resolved there may be some delays with automatic withdrawals on the NAV pool (formerly SUM2).

Your hash and coins are safe.

All the best,

Chris Salsman

Director of Operations, Chunkypools.com

Wow, that was fast!

We'll get to work ASAP on your multipool, very excited to be offering Zimstake for multimining this week!

I'll report back with progress updates and a schedule very soon.

Thanks so much,

Chris

Wow, already up to .32917316 BTC raised, almost there!

Hey djslick,

Great questions, thanks very much you're really helping me explain all this

1) We do currently offer an X-11 port on multipools, with X-13 and X-15 planned soon, hopefully within the next 15-30 days.

Hashing power: Of course, these numbers will vary from day to day, (overnight we saw a bit of change) but as of right now:

Scrypt: 325 MH
X-11: 256 MH
SHA: 100 GH (approx, we're currently working to implement front end hash reporting for sha-256)

2) Yes, sorry you're right this is an important one. Due to the level of labour required we charge 2% fees on multipools. Considering the unique crowdsourced method your community is using to fund this, I'd happily offer a two month no-fee pass to anyone who donates.

By the way the account shows approximately .21 BTC donated, fantastic stuff, very impressed by this community!

All the best,

Chris

I feel I should add, that average return reporting for community based coins can be a bit complicated, which is why we've been proceeding carefully on that front.

The big multipools that payout only in BTC have the beauty of paying out in the "US Dollar" of crypto, so in terms of the measurement against alts BTC is quite solid.

But altcoins have a great deal more volatility day by day in their prices.

Take our UVC pool: UVC fluctuates so much day by day, and is currently struggling to maintain its volume (their original devs took off). When we do a payout, we can provide the average returns at that exact moment. But two hours later the price of UVC could be drastically altered, leading to a possible great deal of confusion among our customers.

In that regard, that's why we opted for the "convertable balance" option customized to each user. Because some of our users are being paid out in WhiteCoin, others in UniversityCoin, and hopefully soon more in Zimstake, we felt the best way to measure returns for our users was by showing the directly how many altcoins they mined in a given payout period.

We'll be engaging with our users as we move to implement more data reporting features, to determine what is the best, fairest, and most accurate way we can represent our average returns.

The level of complexity in multimining is why you don't see a "PoS Multimined" section on coinwarz or whattomine.

All the best,

Chris

Hey,

I'll breakdown the answers by topic here.

Re Community Mining: Yes, you'd be teaming up with the other communities that use our system, and the returns are divided according to the shares generated by each user. The concept is that by teaming up, your first miners aren't risking wasting their hash, and in general returns are brought more regularly as well as the possibility of mining higher difficulty coins.

Re profitability numbers: our transparency re profitability is done via the convertable balance of a miner on our account screen. So while you're mining, even before a payout, you can see exactly how many of a given alt you've mined. This way each miner is able to keep track of their exact amounts themselves. We will be implementing a page that displays our daily average returns, sells, and buys, in the very near future.

Re the .5 BTC: That pays for initial hosting costs, developer time to build your community's pool, and maintenance/staffing. Its a figure designed to protect us for the first month in mining, as not every community's pool is successful. Right now, for example, we have a bonuscoin multipool, however bonuscoin has been delisted and there are no longer any trades happening, as such the miners went off that community pool a couple of months back. We kept it alive so long as the exchange was operating in case their community came back. Essentially, your pool will operate so long as their are miners active on it and your coin is alive on exchanges.

Re Technical issues: They do occasionally happen, but we pride ourselves on accurate hash recording and have very little downtime in our history on the back end. The onus of course remains on miners to set failovers in their rigs in case the worst occurs, as there is no such thing as a perfect system.

Re Payouts: We've just instituted a scrypt system this week that enables us to do payouts once approximately every 24 hours with very little manpower involved. The beauty is, that we're doing buys/sells all day every day using our high return trading methods, so even if there is a payout delay, miner's returns are not impacted. If we experience a payout delay (I do not expect them to be a regular thing), we'll try our best to notify users in a timely manner. With close to a year of operation behind us, we have an established history of always ensuring our users are paid their earnings no matter what. From time to time, if we are expecting a serious pump or price rise in the coin we're mining, we may delay payouts for a very brief period in an attempt to maximize returns to our users.

A multipool, as opposed to a standard "get your rewards as each block confirms" is a very complicated beast. We have to balance many variables to ensure regular payouts and maximized returns to our users. In that regard, I feel it's very important to stress to here that there are occasional hickups in any system, even the biggest pools and exchanges must occasionally enter maintenance mode, etc.

Hope that clears up your questions!

Best regards,

Chris

Hey, yeah for the very technical answers I'll need to consult my senior dev. But luckily for me in this case this is a question I've gotten before

Merged mining is possible for our software but generally we only employ it when the community pools go above 1 GH. What we can do is direct the amount of workers we have to different coins. Splitting 1 worker's hash across many coins is something we've worried is risky for record keeping purposes. So our merged mining works like so:

Let's say we have 300 workers and 1 GH on the community scrypt ports, and we're showing 2 coins with nearly identical profitability numbers. One coin has high difficulty, the other lower. In that case, we'll point 250 of the workers to the high difficulty coin, and 50 to the lower difficulty.

Then everyone mines into one pot while their hashes are accurately recorded, and all users split the difference having worked together. Basically, we're recording everyone's hashes as accurately as possible, and then averaging out everyone's returns in the database after the fact.

All the best,

Chris

Hey djslick,

These are all great points. In regards to the maintenance of the pool, that's something that we at chunky would take care of ourselves. In regards to profit switching, we use our own custom in house metrics. We've been mining and trading for a long time, and in my own experience I've found it's much more profitable to switch once or twice per day only. Price fluctuations as well as network fluctuations are common.

We maximize our returns to our users by employing two principal tactics:

1. Ensuring no hashes are wasted.
2. Avoiding dumps on the alts mined wherever possible. We generally list as sell orders rather than use the buy column.

#2 gives you the added benefit of reducing any potential negative impact on other coin communities. These methods for running a multipool actually wind up making is to that the alts being mined are granted an easy rise in price and added volume on their exchanges, while giving buy support and volume for your own coin.

For choosing what coins we mine, we factor in a few things:

1. Exchange volume: Are people actually buying the coins we mine? Often the top profitable coins on coinwarz have no buyers.
2. Network difficulty: block times are a serious issue. If we're not going to find a block within 6 hours, then daily returns can be severely impacted.
3. Market Depth: If we're forced to dump (IE, a coin we're mining is on a downtrend), will the end of our dump significantly impact the price?
4. Actual returns: Is the current price of the coin along with its difficulty in line with good average returns?

The community co-mining aspect is also what addresses the "getting started" issue. We already have 475 MH on our community multipools right now, and our unique coding allows for your community's hash to be combined with what's already being mined by our other users.

1 GH is an excellent target and would have a significant impact on markets. 1 GH is also enough to mine very high difficulty coins.

All the best,

Chris

Hello Zimstake community!

I'm the Director of Operations for Chunkypools, and I just wanted to add a bit to what Srscrypto has said here.

Chunkypools offers a service called "linked coin communities" multipools, where the coin communities of many coins mine together but are each paid out in their respective coin according to what port of chunky they mine on. Each coin community is given its own unique web address to ensure you maintain your own identity.

We currently operate multipools for WhiteCoin, HYPER, UniveristyCoin, and NAV (previously Summercoin2.0).

A healthy multipool can be a strong indicator to potential investors as they provide a regular form of buy support on markets. Each day, chunky converts what its community pools mine on exchanges (according to our best to mine profitability/daily return metrics) into a community's coin, which provides both volume and price support.

We have a team of dedicated traders who help oversee these buys, and we pride ourselves on giving consistently above average turns to our users.

We currently offer mining across scrypt, x-11, and SHA-256 algos.

We're also constantly improving our platform, with numerous updates planned, including:

• Community specific hash reporting
• A new layout
• Added coin exchange rate figures
• New coin algos (X-13, X-15 planned soon)

We also pride ourselves on forming personal relationships with our miners, we're a community. We respond to support requests and take hash recording very, very seriously.

We ask for a .5 BTC fee for the creation of these pools because they do take considerable man hours to build and maintain, but it's a one time fee and after that we will maintain the multipool for so long as miners are using it and the coin is active on exchanges.

If there are any questions, please don't hesitate to ask.

Best regards,

Chris

PS: I'll be out doing a bit of yardwork in the sun this afternoon, but I'll be checking btc and IRC regularly.

Hey Minerjoen,

The sum port has been reporting as working for me, I've personally overseen the payouts. If you didn't get a return that's something we can definitely fix.

Have a look into your account screen, a few days ago we did have a payout delay that went beyond 48 hours, so it may have just taken some time to populate into your account. Since then, we've instituted new scripts that will ensure we pay out once per 24 hour period.

You can check to see what your balances are at chunkypools.com/account

Generally, until you are paid out in your desired coins any alts you mined via the multipool are displayed as "convertable balance". So right now we're mining reddcoin on the multipools, until we convert to NAV for you, your account displays a non-withdrawable convertable balance.

If anyone ever has any issues with payouts at chunky, or questions as to how we work, you can email us at support@chunkypools.com

We pride ourselves on our accurate hash recording, so if there is ever an error in someone's account we always have the ability to fix it.

All the best,

Chris

Hey Everyone,

Glad to see NAV doing so well!

Just wanted to add this here, as I noticed one of your community members ask this in chunky's IRC last night while we were away from the chat.

The multipool at chunkypools.com/sum mines the most profitable coins of the day and then pays out in NAV (previously sum2). So while NAV can't be directly mined, we indirectly mine it by mining the most profitable coins of the day, selling them on exchanges at the best possible price, then buying NAV straight from the sell column.

This creates added buy support for your coin, and a well populated multipool is generally the sign of a healthy coin. We're very proud of our operation at chunkypools, and just last night had a large hash customer compliment us to the point of saying he's gotten the best returns out of chunky than anywhere else.

Best regards,

Chris Salsman

Director of Operations, Chunkypools.com



PS: We apologize for the lack of your new branding on our multipool, our lead dev has been quite busy with personal life this weekend but we intend to finalize the changeover ASAP. Mining and payouts have not been effected.

No problem, we will be implementing more graphs and stats asap to show everyone exactly what average prices we're trading at. Today we had a payout of approximately 2300 HYPER at an average buy price of approximately .00002400 SAT. We pride ourselves on good returns and a great trading system that favours the users over the pool owners. The amount paid out reflected HYPER's share of our community multipool, which currently accounts for about 25% of all multipools on chunky combined.

Hi Everyone,

Just for clarification, we have done payouts daily on the hyper multipool since launch, with the exception of yesterday (father's day), where we had approximately 36 hours between payouts, this was due to underperforming markets, and was a measure to protect the users from losses.

In general, payouts are done daily with the odd exception due to either markets or human resources. If any user has a specific problem or has not received their hyper, please contact us directly at support@chunkypools.com or by pm'ing me at this account. You can also reach us in our support channel in #chunkyhelp on freenode (#chunkytraders is actually our trade discussion channel), however response times can be slower there especially in the night time hours in North America.

We take our role as a multipool very seriously, and we pride ourselves on an established history of accurate hash recording and always paying out our users what they are owed.

Happy mining!