Effective immediately, Bitclockers has closed registration of new miners.
http://btcserv.net/ and
https://www.bitlc.net/ have also fallen due to PPS...
It appears MT.RED is experiencing similar problems as BitClockers, Read more here:
https://bitcointalk.org/index.php?topic=15929.msg1793833#msg1793833Im working with backburn to do everything to keep the pool running. If anyone has any ideas or can offer their services it would be greatly appreciated.
The pool paid out more bitcoins than it mined due to the pay per share method of mining, this happened until the 8% BTC fee reserve ran out. Once payout problems (shortages) happened some people took it upon themselves to DDOS the pool halting mining operations, taking down the website and forums, and clogging up the payout system., and causing about 95% of the miners to leave the pool. I have left my ~50GH/s solo mining and depositing blocks of 25BTC into the pool wallet for miners to withdraw. At this point withdraws are dependent on available BTC in the pool wallet. When a block reward is confirmed and available for withdraw the funds may only be available for a short time before they are withdrawn by other miners in the pool. because the payouts are dependent on when the pool mines its next block it is hard to say when the next payout will be available. The pool is about 1/2 way to another 25 BTC payout in terms of shares per average difficulty currently 3,287,583 of 7,670,000 for the next block of 25 BTC. At the current pool hash rate and difficulty there is an average of 10 days per block if luck is on our side.
news updates to the following issues will be made in this thread.
Current Tasks- Payout System LockAdmins will process payouts manually
Completed- Website Access Restored
- Mining Operations Disabled
- API now Working
- Forums Restored
- Enhanced DDOS Protections through Cloud Flare and Prolexic