Mining on ethpool.org cost me 2 ETH in 27 days!

asusrigasusrig Member Posts: 59
Yep, made a big mistake going to this pool 27 days ago. With 1.3 GH/s I should have had over 3 ETH by now.

But 1.3 GH/s was not enough and the credits required to reach the top and earn a block reward kept going up and up and in the end after a few weeks I realized I had no choice but to rent hashing power from Nicehash to get the block reward. So I spent around 2.23 ETH (Converted to BTC) on Nicehash over various orders and finally got paid today, but only 3.21 ETH. In the last few minutes I had up to 85 GH/s from Nicehash and even then it took a while. What a waste and I wish there were warnings. And I did not get an uncle either. Nope, the uncles went to the miner right behind me, 6 of them which equaled close to 13 ETH!

http://ethpool.org/miners/de2f20d997a7a144cfa5c9f759505a7f4e460a10/blocks





The reason for this is because their policy is to reward the top miners all the uncles. So they are getting swamped by up to 1 TH/s miners grabbing multiple uncles in a few minutes. They are changing this policy on the 12th and will award uncles randomly. But it is too late for many that got screwed dedicating resources to the pool.

Like this miner who seemed to give up near the end.

http://ethpool.org/miners/0d116423467385724a0AAA6Ae13611C1895E0054

Comments

  • asusrigasusrig Member Posts: 59
    Got my electrical bill for the month. $727, and I barely made $800 for the month wasting on ethpool. Thanks - you suck!
  • Ericjh801Ericjh801 Utah, USAMember Posts: 218 ✭✭
    Yikes. Hopefully it works out better for you now that you are using a normal pool. My electric bill was very similar but I brought in 3 eth.
  • asusrigasusrig Member Posts: 59
    Ericjh801 said:

    Yikes. Hopefully it works out better for you now that you are using a normal pool. My electric bill was very similar but I brought in 3 eth.

    My wife has heard me bitching about ethpool the past few days. So have my partners that share a few other rigs with me lol! Oh well fortunately I am done with it now.

    The situation on the pool might improve after tomorrow once they get rid of awarding the uncles to the top miner. I suspect those high powered smash and grab miners will stop going there. I've been keeping an eye on one 1.2 GH/s miner that has been stuck 9 days out from the top for a few days and is now 11 days out lol! I can just imagine how frustrated he must be.

    http://ethpool.org/miners/7050Ec08788E389281C98063deF283fe1cCAd9E5
  • kondratovich1kondratovich1 Member Posts: 7
    You can use pool with another payment mode, PPLNS.
    Allow me to invite you to our pool at https://99miners.com/

    We can offer you special conditions (with hashrate over 1GH/s). Please, feel free to contact.
  • Ericjh801Ericjh801 Utah, USAMember Posts: 218 ✭✭
    What do you mean by special conditions?

    You can use pool with another payment mode, PPLNS.
    Allow me to invite you to our pool at https://99miners.com/

    We can offer you special conditions (with hashrate over 1GH/s). Please, feel free to contact.

  • kondratovich1kondratovich1 Member Posts: 7
    Ericjh801 said:

    What do you mean by special conditions?

    You can use pool with another payment mode, PPLNS.
    Allow me to invite you to our pool at https://99miners.com/

    We can offer you special conditions (with hashrate over 1GH/s). Please, feel free to contact.

    While we are growing, we offer the first loyal miners with 1GH/s hashrate a 0% fee. Join us now, and you will have zero fee forever.
  • asusrigasusrig Member Posts: 59

    You can use pool with another payment mode, PPLNS.
    Allow me to invite you to our pool at https://99miners.com/

    We can offer you special conditions (with hashrate over 1GH/s). Please, feel free to contact.

    Thanks, but how are you going to get any blocks with such a low hashrate? You are competing with large pools. Any miner joining your pool would be worse off than going to Ethpool.
  • kondratovich1kondratovich1 Member Posts: 7
    asusrig said:

    You can use pool with another payment mode, PPLNS.
    Allow me to invite you to our pool at https://99miners.com/

    We can offer you special conditions (with hashrate over 1GH/s). Please, feel free to contact.

    Thanks, but how are you going to get any blocks with such a low hashrate? You are competing with large pools. Any miner joining your pool would be worse off than going to Ethpool.
    Currently, pool hashrate of 5GH/s is enough to get payouts once per 1-2 weeks. It's almost the same period, as many large pools, as payouts often is limited by some minimum amount.
    As we are young, we are going to support pool hashrate with buying hashpower. When we have enough miners onboard, we will decrease bought hashpower part.
  • Ericjh801Ericjh801 Utah, USAMember Posts: 218 ✭✭
    1-2 weeks is a tough sell for me honestly. I guess i'm just used to being spoiled and getting payouts every day. I might consider it in the near future, will see how things go for you.
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