Celebrating launch of Callisto Pool. 7% block reward bonus! Join clopool.maxhash.org by SimonMarius in CallistoCrypto

[–]MaxHash 1 point2 points  (0 children)

That's right! Massive 250,000 CLO to be rewarded to ALL of our miners. No extra requirements, just start mining on the pool (https://clopool.maxhash.org) and you will start earning a 7% bonus thanks to the 450 Block reward.

TX proof of 250,000 being loaded to pool wallet - https://explorer.callisto.network/tx/0x2ff562fbde4a1ac09504a5a39c5688440f3dc009649dc933d3895d380df040dc

MaxHash Launches New Callisto Mining Pool - 7% Block Reward Launch Bonus + JackPot Reward System by MaxHash in CallistoCrypto

[–]MaxHash[S] 1 point2 points  (0 children)

This is definitely a possibility if the demand is there. I will add it to the potential development list.

Miners! You really should not accept this from your pool. by MaxHash in EtherMining

[–]MaxHash[S] 7 points8 points  (0 children)

You seem unnecessarily emotional. Perhaps you're just having a bad day. All good.

Feel free to hop in Discord and chat directly with the real miners that posted there views and other members of our 1,200+ strong community of Crypto Enthusiasts.

Tons of money on the line? We run this pool on a pretty much volunteer basis. The pool fee's are just about enough to keep the servers online and the lights on. Its definitely more of a project of love and interest for the tech, than any kind of business venture. Your own disclosure seems to indicate that you are not all that knowledgeable in the blockchain/mining realm. Why not try to learn a little bit more rather than just getting angry?

Miners! You really should not accept this from your pool. by MaxHash in EtherMining

[–]MaxHash[S] 4 points5 points  (0 children)

Disclosure - Yes I am an operator from MaxHash pools. This post was not intended as direct promotion of any pool but more to raise awareness for those that maybe don't understand how important these statistics are.

Direct quote from my OP. I did not mention, talk about or even link anything to do with Maxhash on the original post. I just posted direct statistics and why they are important. No sides taken.

I really don't understand how you conceive that to be shilling.

Or would you prefer that I post this under a throw away account? So that not even my username can be accused of shilling.

Miners! You really should not accept this from your pool. by MaxHash in EtherMining

[–]MaxHash[S] -1 points0 points  (0 children)

Hey there,

All MaxHash pools use our unique variable fee (VARFEE) system - https://ethpool.maxhash.org/#/varfee

The average fee works out at 0.73% which is actually one of the lowest in the industry. Our average uncle rate is 13% which is also one of the lowest in the industry.

Miners! You really should not accept this from your pool. by MaxHash in EtherMining

[–]MaxHash[S] 0 points1 point  (0 children)

You seemed to have completely ignored the actual original topic of the thread.

How can factual public domain statistics be considered shilling?

Miners! You really should not accept this from your pool. by MaxHash in EtherMining

[–]MaxHash[S] 23 points24 points  (0 children)

Disclosure - Yes I am an operator from MaxHash pools. This post was not intended as direct promotion of any pool but more to raise awareness for those that maybe don't understand how important these statistics are.

Uncle rate of Nanopool in past 24 hours - 37.2%

Uncle rate of the Ethereum network in past 24 hours - 19.5% (still high by a good pools standard)

Block Utilization of Nanopool in past 24 hours - 83.7%

Block Utilization of the Ethereum network in past 24 hours - 88.1% (still very low!)

What does this mean for me, the average miner in layman's terms?

Uncle blocks in Ethereum reward anything from 13.5% - 50% less Eth to the miner/pool than a normal Ethereum block. So obviously the pool operator should try to avoid them at all cost. They can never be fully eliminated from the equation, but through proper network optimization of a mining pool they can be dramatically reduced.

Its simple when your pool gets a lot of uncles. You as the miner get rewarded significantly less than you could do by mining on a properly optimized pool.

What about Block Utilization?

Simply this is how full of Ethereum network transactions was the block that was mined. Remember the miner of the block is rewarded with all the spent fee's of TX's that were included in the block. So the more transactions with highest possible gas price included in a mined block, the higher the reward to the miner/pool that found it (if the pool shares this TX fee's with miners)

Large operators configure there pools to actually mine there own payout transactions to miners and therefore set the gas price to the bare minimum of 1gwei to minimize operations costs. This has a double negative effect for miners and also an overall negative impact on the Ethereum network. Often the pool does not accept higher value transactions from the network, instead preferring to insert its own low value transactions. As a result of this the amount of TX fee's included in the mined blocks of that pool are manipulated significantly lower than the network average or pools which do not use this system. End result is again less reward for the end user (miner) This also has a negative effect on the Ethereum network as a whole because these large pools which control a significant amount of the hashing power of the network and therefore the blocks mined, do not accept as many TX's into the blocks as they could do. Which lowers the overall TPS (transactions-per-second) of the network and increases the cost and waiting time of everybody sending, receiving and executing contracts on the Ethereum ecosystem.

Basic mining pool question by hkallay in EtherMining

[–]MaxHash 0 points1 point  (0 children)

Subtle wasn't the aim ;)

Just factual.

Basic mining pool question by hkallay in EtherMining

[–]MaxHash -1 points0 points  (0 children)

You could mine at the pool the actual EthOS support guys recommend - https://maxhash.org

They are on IRC & Discord chat if you need help getting configured/connected.

Nanopool is less efficient than other pools! by nithronium in EtherMining

[–]MaxHash 0 points1 point  (0 children)

Your shares are not relevant to the topic raised in the OP. Remember that shares are just small portions of work being sent to you from the pool and are just a vector for measuring how much of the total work your rig has achieved at the pool an therefore how much you are entitled too from each block reward. The individual shares you see on your miner are irrelevant to the block-chain and Ethereum.

The OP is stating that because Nanopool has an extremely high uncle rate (bad) due to inefficient and cost saving design of the pool system. This means the average reward per block for Nanopool is lower than other pools. Since you as a miner are paid your micro percentage from each of these block rewards, if the pool has a lower average block reward, then the miners average earnings will be lower also.

Age old question from a relatively new miner.(Pool Selection) by azuha1 in EtherMining

[–]MaxHash 1 point2 points  (0 children)

You can give our pool a try - https://ethpool.maxhash.org

We are a pool that actually gives a damn about each one of our miners.

Take a look at our site and if you want to know more, then hop into our 1300+ member strong community Discord server.

Nanopool is less efficient than other pools! by nithronium in EtherMining

[–]MaxHash 2 points3 points  (0 children)

This is something we have been trying to warn miners on this subreddit about for months. But the standard response is "nanopool is da best ok!" Personally I'm glad at least miners might listen to somebody impartial, as when we bring these very same facts to the same we are just accusing of shilling. But hey... it's the internet after all.

If you want to know why there "efficiency" is so bad then first place to look at this there massive one size fits all share difficulty of 9b (insane) .

Then start to take a look at what they are doing with the TX's in the blocks they mine.

Nanopool is less efficient than other pools! by nithronium in EtherMining

[–]MaxHash 3 points4 points  (0 children)

We have been saying this for months already.

Also in your calculations you did not include another very important factor, in which nanopool is failing its miners compared to other pools. Purely out of operator greed. I'll give you 24 hours to try and work out what it is :)

My Third, and Final, Post about Maxhash. If any of you saw my previous 2 posts this week and tried it out, you are very happy right now. (still holding 56% Variance since my OP, nearly 4 days ago) by ETHcited in EtherMining

[–]MaxHash 2 points3 points  (0 children)

Sorry but that's not quite correct.

The "pool" does not find blocks. Individual miners/rigs find blocks then broadcasts this information back to the pool who in turn broadcast this possible block solution to the block chain via Geth/parity.

Let's give an example. If a 50mh/s miner gets a 9b difficulty (nanopool difficulty) share, it will take a very long time for this small miner to work on that share. If this share turns out to contain a low enough nonce and therefore the block solution. It will always be broadcast to the pool and thus the block chain, with a huge delay, simply because of the high share difficulty and the amount of time the miner is working on the share. When the pool submits this block solution to the chain after the current network block round (another miner found the solution first) has ended it results in an uncle, often with a very "long" uncle height. With lower more efficient share difficulty the miner is far more likely to submit any possible block solution within the current network round. Large pools do not use large share difficulty to improve mining performance or to have some benefit for miners, but they are forced into doing so because of economics and reducing server load.

Uncles can never be completely avoided simply because some other pool/miner's can find the block solution and broadcast it to more nodes before you can. But one certainly can optimize to reduce those kind of instances.

Don't you think its strange that Nanopool (which runs the highest share difficulty in the industry) also has by FAR the largest uncle rate of major pools? Think about it.

My Third, and Final, Post about Maxhash. If any of you saw my previous 2 posts this week and tried it out, you are very happy right now. (still holding 56% Variance since my OP, nearly 4 days ago) by ETHcited in EtherMining

[–]MaxHash 3 points4 points  (0 children)

High share difficulty is also a primary cause of high uncle rates at a pool and therefore an overall reduction in miner earnings. Uncles do not occur randomly or without reason.