The Bitcoin Forum

Kryptowerk

Any advice on the 2X fork? Will Pool.Bitcoin.com be auto throttling Hash rate between 3 chains?

There will only be two chains after the hard fork, Bitcoin Segwit2X (BTC) and Bitcoin Cash (BCC/BCH).

The legacy chain will not survive because 95% of the global hashrate agreed to abandon the legacy ...

Kryptowerk

We just started 110% block reward for BTC mining. Enjoy the extra payout!

will BCC have a bonus as well?

how soon until switching is quicker?

Bonus is only for BTC. We cannot give bonus for BCC because transaction fee rewards are too low.

Oh good! So rewards for BTC contracts are @ 110 ...

Kryptowerk

Hello bitcoin.com pool,
just was wondering what is going on - I noticed you haven't enabled +10% mining reward again for the BTC contracts. Fees are still very high, block rewards should be higher than 13.75 BTC/block for sure.
Regards,
KW

On an other note, I still get a virus warning when ...

Kryptowerk

after hard fork very low profit from pool.

Indeed, current returns are a joke. Which confuses me, with hashrate moving to BCash I thought BTC-difficulty would go down and BTC profit should go up.
What is happening?

Kryptowerk

When I click your link to the Bitcoin Store in your signature I get an instant anti-virus warning , something like paypal fishing or so.
:?

Could you let me know which browser (& version) you're using? Thanks Kryptowerk!
It's Firefox 54.0.1 (32-Bit), should be up-to-date.
Any comments to why ...

Kryptowerk

Ahoi,
I'm new here and bought a lifetime contract with 2TH/s.
My payout is set to PPS.
Can I change the contract to PPLNS and how do I do it?
Or can I buy an additional contract with my account on PPLNS?
Or do I have to create a sub-account?
PPLNS is only offered to hardware miners on our pool ...

Kryptowerk

I got a question: With 10 - 20% of miners (I would be suprised if it's more than 10% though) moving to Bitcoin Cash, the Hashrate should drop significantly on Aug 1st. That means incredible profitjumps for the contracts, right?
So excited!

Kryptowerk

Hi - is it possible and is anyone contemplating moving their BTCs from Coinbase over to our bitcoin.com mining wallet until this BCC is worked out?
I can only advice anyone NOT to use exchanges and/or webwallets to store your (Bit)coins. Use a wallet where you hold your private keys. I'd recommend ...

Kryptowerk

I've made several updates to the pool.bitcoin.com estimation tool here:
http://www.greywyvern.com/code/javascript/poolbitcoincalc

Changes made:
- Add more descriptive comments in the Javascript
- Plans must be unprofitable for a full 60 days before they are canceled
- Add a reset button for ...

Kryptowerk

From what I understand, the concerns of the SegWit group fall into a couple main points:

1. There is no provision, in particular from the BU team, to disable the ASICBoost "cheat". SegWit closes this hole. However there is nothing in big-block philosophy that says they can't also block it somehow ...

Kryptowerk

Almost wanted to create a new topic, then I saw this one and thought I'd just hijack it:

I am torn here. I mean the majority of bloggers, tubers, whatevers, is in support for Segwit and the Core devs.
But what I wonder: Bitcoin scaled for years without problem by increasing its block-size from time ...

Kryptowerk

Yes, segwit2x is scheduled for November.

You can chose whether you want to mine on BTC or BCC. It's your hashpower so we'll let you chose.
Ok, that's great. So this sentence "but in the unlikely event that the 2MB block size increase portion of Segwit2x fails to activate, Bitcoin.com will ...

Kryptowerk

I just read this: https://www.bitcoin.com/public-service-announcement
So the segwit2x is scheduled for November, right?

I really hope this won't happen, but I'd hate to see my hashpower targeted towarts Bitcoin Crashtrash (BCC).

Yes, segwit2x is scheduled for November.

You can chose whether you ...

Kryptowerk

I just read this: https://www.bitcoin.com/public-service-announcement
So the segwit2x is scheduled for November, right?

I really hope this won't happen, but I'd hate to see my hashpower targeted towarts Bitcoin Crashtrash (BCC).

Kryptowerk

I just changed the unprofitable days limit from 7 days to 60 days.

In order for a contract to end, the daily fees need to be equal or higher than revenue for 60 consecutive days.

On days where a contract is unprofitable, we will reduce the daily fees to prevent you from getting a negative balance ...

Kryptowerk

What does a share mean exactly, in satoshi?

Value of 1 share = block reward / difficulty

Block reward = 12.5 BTC + 10% bonus = 13.75 BTC = 1,375,000,000 satoshis
Difficulty (as of 2017/07/22): 804,525,194,568

Value of 1 share = block reward / difficulty = 1,375,000,000/804,525,194,568
Value of ...

Kryptowerk

Correct me if I'm wrong, but it looks like right now the contracts are all very unprofitable...
If the price in BTC doesn't go up to like ~$4k+ after August 1., I don't see that changing.

Indeed interesting to know what chain you will be supporting after the fork on August 1st! Any comments?

Kryptowerk

We still want you cut 6% of mining reward what you are keeping and then we are happy and after segwit we will bring you many power.
We are already the highest paying mining pool. We will continue to increase our block reward as the transaction fees go up.

Wow, I hear you! That's actually pretty ...

Kryptowerk

I have updated the estimation tool to include a more accurate scheduling of difficulty increases. Previously the tool would add a difficulty increase every 14 days, but the average time between BTC difficulty increases is actually around 13.25 days, which can significantly change estimates ...

Kryptowerk

I told you I will report back as soon as my 1 months contract ends.

So here are my numbers: I bought in for 0.3601 BTC for a 40 TH/s contract
Now my total return is 0.4074 BTC. That is a ROI of over 11%. Pretty good if you ask me!

Kryptowerk

Wow, 120% block reward is pretty awesome.
If there were a payment method for skrill I would instantly buy contract(s) $2 - 4k.

Oh and I made about +10% in BTC with my one months contracts, they will end soon, I'll post in a few days when I am back with some solid numbers.
Pretty good results, I am ...

Kryptowerk

We adjust our prices based on supply and demand.

May I know why you're unable to pay with bitcoin? Can you wire to a bitcoin exchange such as Kraken or Bitstamp?

In the case of a fork we plan to mine on the chain with the most hashrate (economic majority). Over 80% of the global hashrate has ...

Kryptowerk

Wow, that's sick!
Who are you?

Thanks. I'm just me as I am sure you are just you. :)

Your tool really looks great. I just wonder, even if I put 0.0% daily Chg BTC vs USD the "BTC value at end of plan" is higher than the money invested. Surely there must be small bug?

This is probably some ...

Kryptowerk

For anyone interested, I have posted a fancied-up version of the tool I've been using to examine the profitability of pool.bitcoin.com's plans here:

http://www.greywyvern.com/code/javascript/poolbitcoincalc

Comments and suggestions are appreciated. :)
Wow, that's sick!
Who are you?

Your tool ...

Kryptowerk

So I've been going over the plans and pricing and wondering if they have been changed since they were first offered. I now tend to agree with @thesteve in that the current plans are very risky. FYI when I use the word "profitable" in this post, it means in terms of BTC, not USD.

I built a tool to ...

Kryptowerk

After a weeks' experience with pool.bitcoin.com cloud mining my average net daily return was 0.00033 bitcoin per TH/s. ViaBTC returned 0.00041 BTC/TH/s for the same time period. That is a significant difference in favor of ViaBTC and is due to the higher daily fee pool.bitcoin.com charges, almost ...

Kryptowerk

We are planning to add credit card payments in the future.

That would be much appreciated!

Fees for purchased contracts remain the same. The increased price only applies to newly purchased contracts.

Pricing is at the discretion of our hashrate provider. They had to increase prices since ...

Kryptowerk

I actually bought quite a few TH/s a few days ago. This seemed like a great offer. With the rising price of bitcoin I expect pretty big increases in difficulty sooner than later, so only time will tell.

Anyway, if you would accept credit cards (ideally not via simplexx as they only support visa) I ...

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