Since you aren't sure how long it could take to code the fee sharing thing, would be possible to cancel the 2% fee and instead just increase the block reward bonus for BTC to 10% maybe so we mine BTC more since that functionality is already available with the pool, and later we can use the fee reward sharing once that is coded in? That should bring in more profit for you and you can cancel the 2% fee thing, at least for cloud miners since that will make you more than that anyway if BTC fees are at any more than 12-14%. It just makes no economic sense for this kind of change to wait for anyone involved (pool operators and miners). Time is money. It's also good PR for those who aren't in this thread.
Imagine this: "We're cancelling our planned fee increase and instead rewarding you with more block reward bonus %! Transaction fee reward sharing by percentage coming soon!"
Once you have that fee percentage sharing coded it could actually be continually tweaked to maximize income for the pool and the miners, there definitely is a sweet spot between 50% and 85% of the fees paid to the miners where it causes the pool spend most (60-80%) of it's time mining BTC so it makes the pool operators more than it would have by taking a lower %. That's a big window of % I know but maybe someone could do the math to figure it out (I'd imagine that would be very hard since you would have to take in how other pools handle the fees and auto profit switchers, etc), or we can just start at a certain amount and record the amount of time mining each coin at every percentage (over windows of about a week) and adjust accordingly. If this is done the right way it helps everyone!
A great example of the problem is right now, we could be mining BTC right now, according to https://fork.lol/ (at the time of this post) it's objectively 27% more profitable to mine Bitcoin, but not here, the revenue calculator for 100TH: 0.019 351 05 BTC ($154.94) / 0.131 255 75 BCH ($156.81)
Please reconsider my ideas here. I think it's unfair that you guys take all of the BTC fees. ViaBTC pays out fees and only takes 2% of the fees (their block reward fee is 4%, see here (click 'Pool Fees'): https://pool.viabtc.com/help/pricing/ ). If I could I would point my cloud mining hash power there as I'd be making 25%+ more there currently with the same hashrate. I think we should be paid all of the fee rewards for both chains and you should increase the overall fee if that cuts in to the pools revenue too much. Claiming to be the lowest fee pool while not paying any of the fee rewards like the other pools just plain dishonest and the problem becomes more and more obvious as the BTC mempool fills up. https://fork.lol/reward/feepct
I don't even understand your decisions from a business perspective, not paying out fees causes everyone to mine BCH more often even when it's less profitable at the expense of all of the miners and pool operators. Just think about it, the pool will NEVER mine BTC while fee rewards are at all time highs and BTC is SIGNIFICANTLY MORE PROFITABLE TO MINE, just because of how it's setup, so even the pool itself can't even profit from all of the fees on the BTC chain. It makes NO SENSE.
If miners want BCH they can trade their BTC for it, there is no argument for mining a less profitable chain most of the time which is what we will do the whole time BTC fee rewards remain consistently high (and who knows when that will end, if ever?).
I have ordered an S9 miner and I planned to use it on this pool but after I found out about this huge problem I changed my mind, I will definitely be mining on ViaBTC pool with it instead unless this situation changes.
I invite anyone reading this post to have a good hard look at what this pool isn't paying you currently (that other pools do), as I imagine it will only get worse in the next few days and my screenshot above will not do it justice:
https://fork.lol/reward/fees
https://fork.lol/reward/feepct
To Roger and Zowki: You can still say you have the lowest fees compared to all other pools if you change them to 3% overall and pay us all of the block fee rewards instead of none of them, the miners AND the pool will make more money since that will fix the profitability calculations and will result in us actually mining the more profitable chain at all times.
1,2% on 12.12.17
