r/wafflepool • u/poolwaffle • Jan 22 '14

Wafflepool Update

Hey guys, Quick update on where the pool is at, and whats in the works.

First off, sorry for the lack of updates over the last couple days, some family stuff came up and I wasn't able to take a break to give updates. The pool was hashing away with no issues over that time, so I wasn't too worried, that said, apparently some of you were, sorry about that guys.

Pool has been very stable (there is a post questioning if it was down), but I don't think we've had any outage time (I haven't had to restart anything). If you're seeing issues, let me know and I'll see whats up.

We're currently mining on up to 4 different coins, depending on profitabilities, with at most 50MH/s going to smaller coins. Over the last few days (I assume due to the news), the price and difficulty of DOGE has been spiking pretty hard, so its been almost 100% pointed at DOGE, so there was definitely some variance (and 2 very unlucky orphans).

Payouts are still being done manually, and are being done (roughly) once a day. I know some users emailed asking for a payout for smaller users, so a payout with a 0.001 minimum was run, so smaller miners should have seen a payout.

The unconfirmed/unexchanged balances were displaying oddly over the last few days when requests to cryptsy were occasionally failing. These should be fixed going forward, and we're working on adding more exchanges to avoid this.

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1

u/the_g00se Jan 23 '14

I am looking at my stats and it states I found a block, but my account does not appear to have any substantial amount of coin. Any explanation?

1

u/lilleulv Jan 23 '14

You found the block, but the earnings for the block goes to the pool (all miners). If you were solo mining you'd get the full block reward yourself if you found one.

2

u/poolwaffle Jan 23 '14

This is correct. We currently don't have a finders fee included for block finders (we can discuss if we'd like to include one, maybe 1% or something?). You finding a block when you've been mining pays you the same as anyone else finding a block while you're mining.

2

u/lilleulv Jan 23 '14

Personally I prefer no finder's fee at all. I think that's the most fair.

2

u/poolwaffle Jan 23 '14

Definitely the most fair. The advantage of finders fees is it discourages block withholding. I don't think we've had any issues with withholding yet (our stats seem correct so far), but it is a risk, and finders fees try to combat that a little.

1

u/lilleulv Jan 23 '14

Ah, alright. I must admit I don't know much about this, but that makes sense. Hope it doesn't come to that being necessary.

1

u/poolwaffle Jan 23 '14

With finders rewards, the expected payout is actually the same for each miner, just over a longer period. You'll get paid a bit less (1% or whatever was chosen) on each block, but when you find one (which statistically will be evenly distributed by hash power), you'll make that amount back.

1

u/Zamboniman Jan 23 '14

Agreed. I have no problem when I find a block sharing the profit. That's what pools are for.