[ANN] beeeeer.org - Primecoin mining pool!

[xolokram]

someone PM'd me weeks ago about having troubles with payouts on his mcxNOW address, i don't have any experience with their address system personally. The payout to your address was definitely executed, you should talk to mcxNOW about this issue.

[mardoc]

I'd use mcxnow for that, crypsty is not 100% reliable...also, you get interest for holding coins there.

I've had 0 issues with Cryptsy. Where's the source on them charging interest? I'm not finding anything about that anywhere...

[pankkake]

He meant that mcxNOW gives you interest on your deposits.

[theprofileth]

Oh hey Xolo I forgot to say nice decision removing the 6 chains I said a while ago that this would be the best course of action though I wasn't directly talking about rejection rate I did sort of mention it  either way having no 6 chains definitely gives a lot more breathing room with regards to the shelving as you should have a lot more XMP left over hopefully.

[romaniz]

I'm doing this with Cryptsy and haven't had any issues. I received my XPM when he did the payout.

Come on.. He payed. Transaction is in blockchain. Just show it to http://xpm.cryptocoinexplorer.com/address/-1 , enter XPM address,  find any differences with deposits on your exchange account and open support ticket there.
 (just may be, did you changed deposit address on exchange?)

[icedaddy]

@ivanlabrie:
It appears mcxnow isn't 100% reliable either. Sigh.

@xolokram:
I will pursue the matter with mcxnow.

@marduc:
mcxnow pays interest, they do not charge it.

@romaniz:
Yes he paid, I just haven't got it, which isn't his fault. No address changes were done. Technology isn't perfect. I had never thought about lost payments, but I will double check things in the future...

Out of curiosity is anybody else out there using mcxnow, and did you get the payout?

[mardoc]

He meant that mcxNOW gives you interest on your deposits.

@marduc:
mcxnow pays interest, they do not charge it.

I see. When he was listing reasons not to use Cryptsy I assumed he was saying Crypsty charged you to hold coins there. That would have blown my mind. That's why I wanted a source. 

[ivanlabrie]

@ivanlabrie:
It appears mcxnow isn't 100% reliable either. Sigh.

@xolokram:
I will pursue the matter with mcxnow.

@marduc:
mcxnow pays interest, they do not charge it.

@romaniz:
Yes he paid, I just haven't got it, which isn't his fault. No address changes were done. Technology isn't perfect. I had never thought about lost payments, but I will double check things in the future...

Out of curiosity is anybody else out there using mcxnow, and did you get the payout?

I use mcxnow on a daily basis, but prefer to get my payouts in my local xpm address...You have to avoid sending too small of a transaction, otherwise you won't get the deposits at mcxnow. Read the account page, there's a minimum deposit amount allowed.

[MJ2P]

It was me that PM'd xolokram about issues getting paid direct to my mcxNow address. I contacted RealSolid over at mcxNow who told me that the addresses there aren't set up to receive the bulk payouts in the format that beeeeer was sending. He recommended that I use a local wallet to receive payment and then forward xpm to mcxNow from there. I've done that since with no issue.

[Scott J]

Personally I would never trust an exchange to be my payout address -  it's another point of failure.

[masterOfDisaster]

[...]
Thanks for this - could I ask how did you get the percentage?

Is it as simple as a difficulty of 9.xx = a 9.xx% chance?

Not really...
You can read the details here: http://ppcoin.org/static/primecoin-paper.pdf

In short words: the difficulty consists of an iteger part and a fractional part.
Say you have a diff of "x.y".
Then the integer part "x" requires a length of chains (cunningham of 1st and 2nd kind and bi-twin chains) of x and above whereas the fractional part "y" renders only "y" percent of all possible chains successful in solving a block. As far as I remember the fractional part is not considered, if the length of the chain is y+1...

[icedaddy]

@ivanlabrie:
I experimented with rpool and encountered the problem of minimum payment size of 0.1 XPM. The 3.xxx XPM beeeeer payouts have never been a problem, at least not that I am aware of; I am going to be checking much closer from now on. I can't see how an an 8.xxx payout should be a problem. I emailed them about it. If they are not reliable I may look elsewhere.

@MJ2P:
I guess a transaction isn't just a transaction? How does a "bulk payout" transaction differ from any other transaction? This makes no sense to me...

@ScottJ:
In my experience the wallet is a single point of failure. When I first started mining BTC I had a wallet, and it got corrupted and I lost it all. Sure I should have had a backup, but that is just another thing to worry about. From what I was able to glean on-line wallets were less trouble and less prone to corruption, as well as being accessible from multiple locations. But if on-line wallets are not reliable, either as an instance here or as a class, that puts an entirely different aspect to it.

@masterOfDisaster:
Does this mean that when the difficulty exceeds 10 the minimum chain length required jumps from 9 to 10?

EDIT:
Now things are really strange. I just got a transaction of 3.xxx on mcxnow. It does not show up on Primecoin Explorer. I am not smart enough to figure out whom it came from, but is it the first of the new payouts?

[MJ2P]

@MJ2P:
I guess a transaction isn't just a transaction? How does a "bulk payout" transaction differ from any other transaction? This makes no sense to me...

I'm afraid I don't know enough about how a transaction is structured to be able to tell you why, I'm just passing on information given to me by the owner and creator of mcxNow.

 

[ikoki]

hey all, quick question about the pay out system

so until a few minutes ago i only had pending shares listed, that list has dissappeared and now the paid share list starts to show just wondering what @10, @9, @8 etc mean and also @null

[Scott J]

hey all, quick question about the pay out system

so until a few minutes ago i only had pending shares listed, that list has dissappeared and now the paid share list starts to show just wondering what @10, @9, @8 etc mean and also @null

I imagine xolokram will be along when he can to explain it all.