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    Home Unlabelled GPU Mining Found this in my archive - Liquid Cooled GPU Miner Prototype (actually running)

    GPU Mining Found this in my archive - Liquid Cooled GPU Miner Prototype (actually running)

    August 25, 2019

    GPU Mining Found this in my archive - Liquid Cooled GPU Miner Prototype (actually running)

    Found this in my archive - Liquid Cooled GPU Miner Prototype (actually running)

    Posted: 25 Aug 2019 01:25 AM PDT

    Need help figuring out why number of users is declining

    Posted: 25 Aug 2019 07:43 AM PDT

    I'm at a loss to explain why the number of customers at the Prohashing mining pool (https://prohashing.com/) has been declining week after week, despite the quality of services provided being higher than ever before. There is obviously something I'm missing, but I can't figure out what it is, and I was hoping that experienced miners (like those who post here) could help.

    Prohashing reached a peak of 180,000 active monthly users in January 2018, and declined to 10,000 in July 2019. The decline is constant and does not seem to reverse when mining profitability rises. In fact, the litecoin halving didn't affect scrypt hashrate at all. What's confusing about this is that about 15,000 hours of work was put into the system since January 2018, and many fewer people are using a much better product. Compared to last August:

    • The mining servers have not been restarted in 10 days, and there have been no share corrections in two months, while crashes and share corrections occurred as often as every day last year
    • The website was redesigned and 91% of customers said the new design is superior to the old design. In a follow-up poll, only 23% of customers said that other pools have a superior web interface
    • Google Pagespeed rankings increased from 51 to 87 in the new design. Bounce rates are at just 36%. With Google Ads, we can achieve a conversion rate of almost 11% even with untargeted ads
    • Coins like EOS, TRON, XLM, USDC, and Tether are now offered for payouts
    • The system added portfolio targeting and allows groups to be tracked
    • We performed profitability tests and all five of the tests showed that we were 2-5% more profitable than big pools like Slush and Antpool on SHA-256, 1.8% more profitable than Nicehash on GPU algorithms, and 18% more profitable than litecoinpool on scrypt
    • The number of support tickets referencing bugs was zero this morning, whereas last year we would get 20 tickets per day regarding payout issues and similar problems

    Network hashrate on most algorithms has increased, while our share of hashrate continues to decrease. One would expect less revenue to be generated with lower prices, which is what happened, but the network hashrate shows that the same number of miners are mining as before, so the number of miners would be expected to remain stable.

    I could go on and on with other things on this list, but I had always thought that miners respond to profits and features. If you provide miners with the highest profits and the most payout coins on a stable server, they should join the pool. Furthermore, if you improve any product, you would expect that, conditions being roughly equal, there should be more customers. Yet, prices increased 3x since January and the better product lost customers.

    What am I missing that is causing the number of customers to continually decline? If someone is able to post an in-depth answer that is unique and can point to a specific problem with the business, then I'll consider paying a reward.

    submitted by /u/MattAbrams
    [link] [comments]

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    Posted: 25 Aug 2019 06:03 AM PDT
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