Frequently Asked Questions

What Does your Pool Do?
The pool automatically mines the most profitable coin from our list of available coins and the miner has the option in their settings page to either be paid out in that coin, or directly in Bitcoin. This decision can be made on a coin by coin basis, with some being paid out as the original coin and some being paid out in Bitcoin, and in any combination.
What are the Pool Fees?
The pool fee is a flat 2% for all coins. If you are being paid out direct in Bitcoin there will be an additional .5% fee. (referred to as Auto-Trading)
What Kind of Payout System Does the Pool Use?
The site pays out on a PPLNS-like basis. We deal in 'rounds', which is the entire time we mine 1 single coin, before switching to the next. If you submit 10% of all shares (adjusted for difficulty; see VARDIFF) for that round, you will earn 10% of the total coins the pool mined (minus fees). The round length is determined by the profitability of the coin being mined. It could be 5 minutes or 5 hours. As long as the active coin remains the most profitable, it will continue to be mined.
When Will I Be Paid?
Payouts for a round only occur after that round has ended and we've moved onto a new coin. Any matured coins at the time of switching are paid out to users who chose to receive that coin as payout (versus receiving Bitcoin). Immature blocks left over from a round are paid out to these same users as they mature. For those choosing to be paid in Bitcoin, their coins are held in the 'Coins for Auto-Trade' balance, and are throughout the day traded at exchanges for Bitcoin. Once daily, these users are paid any Bitcoins they have from outstanding rounds (time to be determined). The decision on whether to receive Bitcoins or not is recorded at the start of each round. This means if you make a change in your settings to a coin that is actively being mined, it will not be reflected for that round, but rather for the next time the pool mines that coin.

* Important note: Bitcoin payouts to users only happen after all blocks for the round have matured, unlike the regular coin payouts that happen as blocks mature.
What if the Pool Doesn't Find a Block?
If the pool does not find a block during a round, all shares for that round are rolled into the next. For payout purposes, the new round will encompass both the empty round and the new round shares. In this way, no user shares are ever lost. Every accepted share you submit to the site is counted towards a payout.
How Do You Decide What to Mine?
We decide which coin to mine based on its profitability in relation to mining Bitcoin directly. The profitability is expressed as a multiple of Bitcoin, assuming Bitcoin had a profitability of 1.0. Example: A profitability value of 2.5 means a coin is 2.5x more profitable to mine that Bitcoin. The calculations for this value are all fairly standard. We do take orphan/stale rates of certain coins into account, applying an 'orphan rate' penalty to a coins final profitability number before using it.
What Exactly is VARDIFF or Variable Difficulty?
The pool monitors the power of your mining rig, and adjusts the difficulty of work to perform. It is based on having a target amount seconds between shares recieved. This means that for fast coins, we set the 'seconds per share' to a low amount so everyone gets in shares before a potential block is found, and for slower/higher difficulty coins we set 'seconds per share' a little higher. This target also means slower hash miners receive a difficulty setting from the pool that is adjusted to their speed, to ensure they are submitting the target 'shares per second'. Similar for high hashrate miners, a higher difficulty setting is given to ensure they aren't sending more shares to the pool than the target 'seconds per share'. All stats and payouts are adjusted to a users difficulty, and factored down to a standard 'difficulty of 1' type share, so they can be equally compared. Everyone gets paid for the work they do, whether it be 100 shares at difficulty 16 for total work of 1600 or 50 shares at difficulty 128 for total work of 6400. Payouts and stats are always based on 'total work'.
Your Pool Doesn't Seem to be More Profitable than LTC, What Can I Do?
The unique feature of this pool is that YOU can decide whether to be paid out in Bitcoin, or the original coin, and not only that, but you can do it on a coin by coin basis. There is no question that in most circumstances, a human trader will likely out-perform the type of system this pool employs (We aren't talking trading bots here that sit all day moving tiny amounts, the pool has to sell coins fairly often to return Bitcoin to users quickly). If you feel your profitability is lower than expected, you may want to consider changing some of your coin options. Perhaps there is an alt-coin or two from our list that you feel you could keep and trade more profitably by hand, or that you feel has more future potential and want to hold for a longer term. Perhaps you'll decide you don't want the pool to handle any of your trading, and you can keep each coin type for yourself to trade later. The key is we provide these options to our miners.