Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users  (Read 1498 times)

0 Members and 1 Guest are viewing this topic.

Offline nethyb

  • Full Member
  • ***
  • Posts: 198
    • View Profile
  • BTS: nethyb

Here are some highlight of the MineBitShares bitUSD operations over the past week.

Paid out $1,527 BitUSD in 200 miner payouts for the week
Added 32 new pool miners for the week
17 new twitter followers for @minebitshares
x4 increase in pool hashrate for periods, with upto 18GH seen ocasionally.   
Was the most profitable mutipool for Scrypt and X11 mining on 4 occasion during the week (see charts below)
New update to the pool front page showing with live updates of pool/algo hashrate and no of miners:

Focus of next two weeks:
Start the 100% delegate campaign to upgrade/replace www.minebitshares-com delegates support the costs for the change made to 0% pool fee and attract dev/admin paid help
Enable the pool api to support BTC/MH/Day profitability listings on http://poolpicker.eu - already contacted
Creation of pool announcement and FAQ with Chinese language translation
Official pool announcement posting along with FAQ on bitcointalk
Post/tutorial on bitcointalk/pool website on how to increase your X11 GPU miner performance/profitability by 75% for zero cost. Will be a marketing draw card to the pool.


New Pool Front Page


Comparison of Scrypt profitability for the week -  MineBitshares vs Other MultiPools


Comparison of X11 profitability for the week -  MineBitshares vs Other MultiPools

Offline santaclause102

  • Hero Member
  • *****
  • Posts: 2487
    • View Profile
Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #1 on: February 15, 2015, 02:07:54 PM »
are there threads on btt and hashtalk on this ?

Offline BunkerChain Labs

Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #2 on: February 15, 2015, 02:15:35 PM »
are there threads on btt and hashtalk on this ?

Yeah.. think these updates should have their own thread in these places as well.

This is great work.. I have 100% of my miners pointing there.. I'm always one of the TOP 5 miners... for now. ;)

 +5%
+-+-+-+-+-+-+-+-+-+-+
www.Peerplays.com | World's First Decentralized Tournament Platform Built Entirely on the Blockchain!
+-+-+-+-+-+-+-+-+-+-+

Offline santaclause102

  • Hero Member
  • *****
  • Posts: 2487
    • View Profile
Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #3 on: February 15, 2015, 06:32:52 PM »
are there threads on btt and hashtalk on this ?

Yeah.. think these updates should have their own thread in these places as well.

This is great work.. I have 100% of my miners pointing there.. I'm always one of the TOP 5 miners... for now. ;)

 +5%

The advertisement of this should be mainly or also outside this forum. Where do you advertise something like this??

Offline matt608

  • Hero Member
  • *****
  • Posts: 878
    • View Profile
Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #4 on: February 15, 2015, 06:45:44 PM »
are there threads on btt and hashtalk on this ?

Yeah.. think these updates should have their own thread in these places as well.

This is great work.. I have 100% of my miners pointing there.. I'm always one of the TOP 5 miners... for now. ;)

 +5%

The advertisement of this should be mainly or also outside this forum. Where do you advertise something like this??

I can post updates here, or anyone can:

https://hashtalk.org/topic/31799/mine-usd-at-minebitshares-com-payout-in-bitusd-most-profitable-multipool-bonus-payouts

https://bitcointalk.org/index.php?topic=950460.0

Once the pool is optimised getting listed on the mining sites like coinwarz and others should get lots of interest, though I don't know about the technical requirements to get listed.  Also ads on those sites may be quite cheap and effective, but the pool needs improving first before ads are spend on it.
« Last Edit: February 15, 2015, 06:47:19 PM by matt608 »

Offline Shentist

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1605
    • View Profile
    • metaexchange
  • BTS: shentist
Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #5 on: February 15, 2015, 06:54:18 PM »
great idea!!!

how does you convert your coins into bitUSD?

Offline nethyb

  • Full Member
  • ***
  • Posts: 198
    • View Profile
  • BTS: nethyb
Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #6 on: February 16, 2015, 07:23:34 AM »
great idea!!!

how does you convert your coins into bitUSD?

Was using BTER, but will now be using the internal BitShares asset exchange...

And would be delighted to support http://www.metaexchange.info/ when the pair is live...
« Last Edit: February 16, 2015, 08:33:24 AM by nethyb »

Offline Pheonike

Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #7 on: February 16, 2015, 09:54:13 AM »

Don't forget http://btsbots.com/


Offline donkeypong

  • Hero Member
  • *****
  • Posts: 2331
    • View Profile
Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #9 on: February 17, 2015, 05:26:54 AM »
You're doing great with this.


Offline bytemaster

Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #11 on: February 17, 2015, 09:06:23 PM »
Are you telling me that the bonus is 22% of the hash power?    That in an entire week even with $350 of bonus we only attracted $1200 of buying power to BTS?   

We need to get the bonus much closer to 5% for this to be worth it in the long run.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline MrJeans

  • Hero Member
  • *****
  • Posts: 597
    • View Profile
  • BTS: mrjeans
Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #12 on: February 18, 2015, 12:29:22 AM »
Why such low levels of participation. Are miners being informed of this deal.
How do these stats compare to other mining multi pools.
You guys are doing great, I would have expected much higher levels of participation though.

Offline nethyb

  • Full Member
  • ***
  • Posts: 198
    • View Profile
  • BTS: nethyb
Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #13 on: February 18, 2015, 12:55:02 PM »
Are you telling me that the bonus is 22% of the hash power?    That in an entire week even with $350 of bonus we only attracted $1200 of buying power to BTS?   

We need to get the bonus much closer to 5% for this to be worth it in the long run.

Yes - that's what the data says. Another way to look at it though is...

In only a week, with no concerted marketing effort the pool has attracted 10x the buying power to BTS than it did without the bonus.

Not to discount the efforts of our community in trying to get the message out this week - thank you.

I agree we need to keep a close eye on the 'return' on your bonus investment... it's too soon though to measure it's true effectiveness...
What your helping to do now though is build up a history of profitability which miners will look at to gauge if they should switch or not.  They won't bother to move if there is no history of performance.

There are three key initiatives that are underway that will quickly let us know if this is ever going to be effective...

I secured today an agreement to have the pool listed at the primary multi-pool profitability comparison website http://poolpicker.eu
I'm working on a step-by-step guide for X11 miners to improve their hashrate/profitability by upto 70% that will be hosted on the pool and shared with the crypto commmunity
rgcrypto and the team have offered assistance to help develop a marketing campaign for the pool.

I'll discuss measuring the effectiveness of the pool with rgcrypto and the team on Sun and see if we can set some realistic goals and timeframes that we can review together.

I do need some help though - It'll likely take me at least 2 weeks to do this, can you recommend anyone who could help quickly modify the pool code to produce a JSON API that can be called by the http://poolpicker.eu comparison site to produce the following style of output...

The sooner we can do it the sooner we'll be listed...

Code: [Select]
{"scrypt": {
"2014-07-21":"0.0052136",
"2014-07-20":"0.0051156"
},
"x11": {
"2014-07-21":"0.0052136",
"2014-07-20":"0.0051156"
}
}

All the core code to achieve something similar is already in the core NOMP pool code here
https://github.com/zone117x/node-open-mining-portal/blob/master/libs/api.js
https://github.com/zone117x/node-open-mining-portal/blob/master/libs/stats.js

thanks


Offline cube

  • Hero Member
  • *****
  • Posts: 1404
  • Bit by bit, we will get there!
    • View Profile
  • BTS: bitcube
  • Witness: bitcube
Re: Paid out $1527 bitUSD in 200 payments for the week with 33 new pool users
« Reply #14 on: February 20, 2015, 07:11:20 AM »
Are you telling me that the bonus is 22% of the hash power?    That in an entire week even with $350 of bonus we only attracted $1200 of buying power to BTS?   

We need to get the bonus much closer to 5% for this to be worth it in the long run.

Yes - that's what the data says. Another way to look at it though is...

In only a week, with no concerted marketing effort the pool has attracted 10x the buying power to BTS than it did without the bonus.

Not to discount the efforts of our community in trying to get the message out this week - thank you.

I agree we need to keep a close eye on the 'return' on your bonus investment... it's too soon though to measure it's true effectiveness...
What your helping to do now though is build up a history of profitability which miners will look at to gauge if they should switch or not.  They won't bother to move if there is no history of performance.

There are three key initiatives that are underway that will quickly let us know if this is ever going to be effective...

I secured today an agreement to have the pool listed at the primary multi-pool profitability comparison website http://poolpicker.eu
I'm working on a step-by-step guide for X11 miners to improve their hashrate/profitability by upto 70% that will be hosted on the pool and shared with the crypto commmunity
rgcrypto and the team have offered assistance to help develop a marketing campaign for the pool.

I'll discuss measuring the effectiveness of the pool with rgcrypto and the team on Sun and see if we can set some realistic goals and timeframes that we can review together.

I do need some help though - It'll likely take me at least 2 weeks to do this, can you recommend anyone who could help quickly modify the pool code to produce a JSON API that can be called by the http://poolpicker.eu comparison site to produce the following style of output...

The sooner we can do it the sooner we'll be listed...

Code: [Select]
{"scrypt": {
"2014-07-21":"0.0052136",
"2014-07-20":"0.0051156"
},
"x11": {
"2014-07-21":"0.0052136",
"2014-07-20":"0.0051156"
}
}

All the core code to achieve something similar is already in the core NOMP pool code here
https://github.com/zone117x/node-open-mining-portal/blob/master/libs/api.js
https://github.com/zone117x/node-open-mining-portal/blob/master/libs/stats.js

thanks

We are using  $350 of bonus to attract $1200 of buying power into BTS.  Do you have information on how much subsidy ($$) put in to attract the 32 new miners? 
« Last Edit: February 20, 2015, 07:13:22 AM by cube »
ID: bitcube
bitcube is a dedicated witness and committe member. Please vote for bitcube.

 

Google+