Author Topic: MAKE DPOS HISTORY - VOTE! for MineBitShares AKA BunkerMining Project!  (Read 30663 times)

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Offline Brekyrself

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So many delegates in the top 100 without price feeds, amazing.  shareholders please vote in these additional delegates as they are run correctly and will provide instant marketing for bts.

Just look here for proof: http://bitsharesblocks.com/delegates

iHashFury

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Sure... It's a KnC TITAN ASIC Scrypt Miner ... Hums along at about 320MH/s.

Can't say it was the smartest purchase, but the pool is helping me to break even with it!
Drool :P

Cool kit!

How much power (watts) does it use at the wall?

Offline BunkerChainLabs-DataSecurityNode

Sure... It's a KnC TITAN ASIC Scrypt Miner ... Hums along at about 320MH/s.

Can't say it was the smartest purchase, but the pool is helping me to break even with it!
Drool :P
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Offline nethyb

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Sure... It's a KnC TITAN ASIC Scrypt Miner ... Hums along at about 320MH/s.

Can't say it was the smartest purchase, but the pool is helping me to break even with it!

Offline Brekyrself

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And the BitUSD mining pool has been solid under @DataSecuritNode... BitUSD appears in my wallet like magic everyday...



Please vote for the delegates, it has a direct link to attracting new miners and increasing BitShares / BitUSD awareness as evident in the number of referrals the mining pool brings

Care to explain your mining rig(s) correlating to those payouts? :)

Offline nethyb

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And the BitUSD mining pool has been solid under @DataSecuritNode... BitUSD appears in my wallet like magic everyday...



Please vote for the delegates, it has a direct link to attracting new miners and increasing BitShares / BitUSD awareness as evident in the number of referrals the mining pool brings

Offline BunkerChainLabs-DataSecurityNode

Bump, lets get some of these delegates voted in.

Mining is quite alive as can be seen here:  https://bitcointalk.org/index.php?board=160.0

If the minebitshares pool can gain popularity based on high payouts it will attract miners, thus they will be forced to receive payout in BitUSD.  This is an EASY way to advertise BTS and engage the crypto community.

Thanks Brekyrself for the bump!

It really is a no-brainer.. we are sitting right below the 101 right now with the rest of our delegates.
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Offline Brekyrself

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Bump, lets get some of these delegates voted in.

Mining is quite alive as can be seen here:  https://bitcointalk.org/index.php?board=160.0

If the minebitshares pool can gain popularity based on high payouts it will attract miners, thus they will be forced to receive payout in BitUSD.  This is an EASY way to advertise BTS and engage the crypto community.

iHashFury

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All MineBitShares delegates just flew past my delegate :)  keep voting for this project  +5%

Offline tonyk

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The pool's luck has been on a decline for over a year. The luck on a few other pools has also shown a negative trend. While it is not impossible that it's a coincidence, this is something I have been constantly made aware of and am helpless against. There is no way to know whether it's just bad luck, a small bug in older miners ... It would only take a fraction (1 PH/s or less could do it) to cause significant harm to a competing pool, and that activity could be masked by proxies and multiple accounts to be impossible to catch.

I do not know if he discovered it or rediscovered it...but I for sure remember the post. This is doable and apparently done.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline BunkerChainLabs-DataSecurityNode

Wow.

Wonder who is going to buy up all their old gear.
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Offline onceuponatime

BTC Guild is Closing Down (approx. 3% of the Bitcoin network)


BTC Guild is Closing Down
BTC Guild will be shutting down its mining servers on June 30th, 2015 at 23:59 UTC. Users will still be able to log in and retrieve their history (CSV exports on the settings page) and request withdrawals until September 30, 2015..



Why is BTC Guild Shutting Down?
This is the second time BTC Guild has announced closure, but this time the decision will not be reversed. The reasons have not changed much since the original announcement.

As mining has become more centralized, BTC Guild has continuously shrunk in proportion to the network, now being less than 3% of the network hash rate. The costs of running the pool have not changed, and the amount of funds at risk in the event of a compromise is significantly higher than what the pool could ever recover from. When the pool was 20-30% of the network, the amount of funds at risk was slightly higher, but the ability for the pool to recover from that loss was present. At 3% of the network, the pool would not be able to recover from such a loss..

Additionally, the NYDFS BitLicense regulations have now become finalized, and the final regulations have enough gray area that BTC Guild is at risk. The fact that BTC Guild is not in New York does not matter, since it would be doing business with New York residents while they are physically in New York. This fact makes it possible for New York to attempt to claim jurisdiction to enforce regulations. Whether or not BTC Guild could win in defense of such an attempt is irrelevant, since the cost of defending the pool would be greater than any income the pool is expected to generate going forward.

Finally, I have been growing concerned for some time now about attempts to defraud pools. The pool's luck has been on a decline for over a year. The luck on a few other pools has also shown a negative trend. While it is not impossible that it's a coincidence, this is something I have been constantly made aware of and am helpless against. There is no way to know whether it's just bad luck, a small bug in older miners (BTC Guild probably has the highest percentage of first/second generation ASICs) resulting in a few % of block-solving shares to disappear, or a large pool trying to hurt the competition (many of the largest pools have large private mining operations now). It would only take a fraction (1 PH/s or less could do it) to cause significant harm to a competing pool, and that activity could be masked by proxies and multiple accounts to be impossible to catch.



PPLNS Blocks and Final Withdrawals
Users will be able to keep mining up until the servers turn off at end of day June 30th. Since PPLNS is a backwards paying system, the very last shares submitted are unlikely to receive any blocks unless a block is found at the last second.

The PPLNS shift length will be steadily reduced starting June 16th. This means that more shifts will likely end with 0 blocks, but shifts that find blocks will receive a larger amount than they would have previously. It is not recommended that users wait until the last minute to change pools.

The minimum balance for a manual withdrawal is reduced to 0.0001, and will not require a transaction fee to be paid in order to request the withdrawal.

Users will have until September 30, 2015 to issue the request for their final withdrawals.



Not For Sale
In the previous closure announcement, one reason it was cancelled was due to offers to purchase/take over the pool. This never happened because of personal attachment to the project and concern over user privacy and security.

The risk of users being cheated or stolen from as a result of transferring pool ownership is not something I am willing to accept. This is part of the reason the pool is closing in the first place: Risk of users losing funds because the pool would not be able to cover losses in the event of compromise.

I will not be entertaining offers on purchasing the pool this time around. There is no (reasonable) price the pool would be sold for.



Recommended Pools
The following pools are personally recommended for users to consider moving to:

    BitMinter - long standing pool with good reputation
    Eligius - long standing pool with good reputation
    Kano CK Pool - cgminer developers
    P2Pool (decentralized pool)




Thank you to all the users and the Bitcoin community for making BTC Guild a success for the last four years. It has been hard to finally make this call a second time with the determination to not reverse the decision. You will still be able to find me around the Bitcoin Talk forums (outside of the Pools subsection for once), and on IRC in #btcguild (and probably #bitcoin once the pool winds down).

Offline BunkerChainLabs-DataSecurityNode

We are back up to #113 now with minebts2.. but now we are seeing the rest of our delegates slipping further down.

minebts4 - 116
minebts3 - 117
minebts6 - 118
minebts5 - 119

Lets get these delegates elected so we can grow BitShares like never before!
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Offline BunkerChainLabs-DataSecurityNode

We need a different kind of vote today.

We are looking for feedback on what we are going to do next with updates to our payment system for the pool.

Sounds boring I know.. but once you read it you will be like:




Go here to get your mind blown: https://bitsharestalk.org/index.php/topic,16732.0.html


OH.. and we actually SLIPPED DOWN to 114!! So if you haven't done it.. VOTE NOW!
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Offline BunkerChainLabs-DataSecurityNode

Today I will be in https://bitsharestalk.org/chat/ if anybody would like to ask questions about our delegate bid before they vote!

You can speak with me live and get your questions answered.

Looking forward to chatting with you!
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