That's a valid point. But everything's changing so fast these days, so people start getting used to changes.

The solution is transparency. If payouts are visible to outsiders it's impossible to get away with such kind of fraud.

If you're referring to Teambrella, we don't rely on the interest of insurance companies. In fact, we do provide an alternative.

We launched the Demo version of Teambrella:
https://teambrella.com

The coverage in the demo is for car collision deductibles. We're adding another demo team that would cover veterinary bills really soon.
The demo is a fully-functional one and employs a sandbox concept. This means that you can do whatever you want with it -- it doesn't interact with other real people in any way.

As a thank you to the community that's been helping us tremendously, we're giving away a 50% lifetime discount to our future fees. To get it, you'd need to subscribe to our mailing list on the site (https://teambrella.com) till September 30. Make sure to use the same email as in your Facebook account, so we would be able to apply the discount.

Check out Teambrella's brand new FAQ page:
https://teambrella.com/faq

We use 1 + N out of M multisigs to fight exactly this scenario. We call such multisigs "distributed wallets".
Each teammate sends his coins to his personal distributed wallet. He has a veto power (the "1" part of the "1 + N/M") but is allowed to withdraw funds only if all outstanding premiums can be paid out.

I don't think it's either black or white. For some type of insurance you would prefer anonymity. For some other it's not important.
Also, different people value their privacy differently.

It's definitely possible.
Check out our whitepaper: https://teambrella.com/WhitePaper.pdf
(there' also a tl;dr on the site)

The amount of related paperwork makes regular insurance ineffective for small claims.
A $500 standard deductible may be a pocket money for some, but there people who wouldn't mind to reduce even such risks.
So a bitcoin-based insurance service fits this niche very well.

It could be semi-transparent, i.e. visible to members only.
And there are many types of insurance where privacy is not a concern. For example, pet insurance.
For some types of insurance, such as car damage, most of the info is in public databases anyway.

Correct, the technology behind the insurance is semi-centralized.
But the insurance it provides is fully P2P.  One pays directly to their peers and gets paid the same way. 
And no attack on the server can result in loss of users' funds.

One doesn't need to bind significant amount of funds to our system. In big teams it will be "pay as you go" amount of money.

We do our testing in Bitcoin's testnet. So should our users that want to try out the system.

---

There are no middlemen.
You and your teammates cover each other. If you submit a claim within your team, your teammates pay it.

Fair:
"Treat others the way you want to be treated." Teambrella enforces the Golden Rule and aligns every teammate's interests.

Transparent:
It's not just about seeing where your money goes, it's about controlling it. Every decision in your team is made by discussion and voting.

Affordable:
Your team doesn't have the expenses of a regular insurance company. Oh, and you keep 100% of your money if there are no claims in your team.

---

There are no pools.
You get coverage directly from your teammates.

1. Join and Get Covered
To get coverage you need to join a team. You may apply to several teams at once and join the one that proposes the best terms for you.

• When you apply to a team, existing teammates decide how risky you are. If they deem you less risky, then you pay less than the average.
• Fund your personal wallet to accept the terms and to get covered by your new teammates.
• Invite your friends to the team – no matter how big your team, the interests of all teammates are aligned.

2. Vote or Delegate
As a teammate, you can vote on everything: new members, rules, and claims. But you don't have to – you can appoint proxies to vote on your behalf.

• Proxies may be professionals – and they work for you, not for an insurance company.
  If you're not happy with how your proxy votes, you can override their vote or just ditch them.
• Voters are compensated by the team for their time and expertise. The more people trust a proxy to vote on their behalf, the bigger the compensation is.
• Your vote weight grows as you pay for other teammates' claims. In Teambrella, it's "he who gives the gold makes the rules."

3. Pay and Get Paid
When the team approves your claim, you are paid directly from the teammates' personal wallets.

• Your personal wallet is jointly controlled by you and your team via Bitcoin multisignature. Teambrella doesn't keep clients' funds.
• Teammates make payments using our open-source client software. Payments are made automatically. However, if in doubt, you can prevent a transaction from your wallet.
• Our open-source client software allows teammates to collectively retrieve their funds if the server is compromised or shut down.

Read more:

• FAQ
• White Paper
• Explainer (Bitcoin Magazine)

---

---

What values do you get? Also, what is the GPU load?
Maybe we should get a 270 for the tests.

We haven't tested on 270, but it should work ok.

Did it continue updating chain counters after showing the message? If so, then it reconnected normally.
The disconnection issue (DC every 15 mins) that was fixed in 3.01 was related to adding the dev.fee, i.e. it's not present in paid version in the first place.

XPM is far from dead.

Our paid customers mine at ~8.2 XPM/day per 280x. It's 3 usd/day with the current network difficulty and prices.
With the fee version it's 2,7 usd/day.

Version 3.01 is available for Ypool.

- fixed disconnection issue
- "-d" option allows to select on which GPUs to run the miner ("-d 13" uses GPUs #1 and #3)

http://primegpu.com/files/primegpu-ypool.zip

This code probably runs in a virtual machine with an unique set of instructions

Nope, beeeer doesn't support XPT protocol.

Will be available within a week.

Ok, so we decided to make a 100% pool version for ypool (10% dev.fee).
You can download it from here:
http://primegpu.com/files/primegpu-ypool.zip

Next, we're going to have a special version for Beeeeer (in a week or so).