Status as of Thursday, May 10, 2018
Posted: Thu May 10, 2018 10:25 am
Good morning!
- Ripple payouts continue to have issues. For example, Ripple transactions always return as successful, even if a transaction never appears on the blockchain. We then have to check to see whether the payout was actually sent and queue it for repayment if not. Only 30% of the payouts appear to actually succeed. How Ripple has maintained its value with all of these problems continues to mystify me. Unfortunately, customers can expect continued delays and payout issues until Vance can resolve them all.
- We'll be giving an overview of the "low luck miners" problem soon, but the summary that everyone needs to know immediately is that as many as 10% of orders on NiceHash are "low luck." There are few direct miners that are low luck. Since we don't have access to NiceHash's data in order to correlate customers we identify as low luck with the users on NiceHash, we can't provide any tips on how to identify low luck orders at the time of purchase. Yesterday, over $2500 was forfeit due to low luck mining. NiceHash has not taken steps to address this issue on their system and simply ignores our communications with them. If you use NiceHash and it turns out that you were scammed, we cannot provide a refund, so use NiceHash at your own risk and consider the possibility of forfeitures when renting.
- Ethash mining is coming along, but it has been slowed by bug resolution in other areas of the system. We are slowly eliminating payout issues, and the number of tickets relating to payouts has been falling. Bug resolution in the mining server allowed us to raise profits passed onto miners by 1% last week. Soon, Vance will be able to start a detailed analysis of trading and I suspect he will figure out ways that the system is making suboptimal trades, allowing us to increase projected sell prices even further.
- Constance is currently working on the final steps of bug resolution with the website: a review of the notifications system. It turns out that there were some features of notifications, like how profitability is measured, that were not updated when SHA-256 and Equihash were added. She will also be adding E-Mail validation and fixing some display issues. Once notifications have been reviewed, we will be confident that existing features on the website have reached an acceptable level of bugs, and after 6 months we'll now be able to start on website improvements.