Topic: [~25.5 TH] New Pool | 0% Fees | VARDIFF | ASIC Ready | PPLNS+Loyalty/PPS - page 4. (Read 8769 times)

I'll swap back later tonight.

Still operational!

Its in progress.  The user account page is being coded literally as fast as I can.  Payments are manual, but with the amount of workers it's not that big of a deal right now.  I'm working on the website daily, but it's a lot of behind the scenes coding before I can make it public, not to mention some testing first.

But the pool is coming along.  Just wanted to get the name out and possibly get some miners already mining since I'm taking 0% out of this and actually paying out of my pocket to have it run, no including the time; I'd like to see the pool prosper a little bit in hashing rates to continue development.  I'll be going to the extent at first to have a landing page with pool stats, then user management at the very least before getting more elaborate with it. 

Thanks for the post!   Hope to see you hashin' with us soon!

You should offer account registration and worker names and stuff.  Maybe people would help you out a little if you gave them an account page with payout address and stuff so they felt safer.  Right now it looks like you just have to set them up manually?

Thanks!

like the new info dials on the front page.

Would love to have some new miners join us!

Not disagreeing with you at all.. Just offering options..  Some people still like to mine at smaller pools.. Plus I am offering incentives from my own pocket to those who find the block I'll be giving away free Steam games.

It is all fine.  But you have to ask yourself, what is there for the miners?  Why would someone want to join your 100GH pool?
If I wanted 0% pool, I'd go to EMC, DGM.  They also have 5% PPS.

Miners have options:

btcguild
50btc
bitminter
eclipsemc
eligius


All are ASIC ready and have non-PPS payouts, some do merged mining.

So why would someone want to mine at your pool?  If you offer 1-3% PPS, maybe you'll get some traction.
Otherwise, it will be hard to convince people to join.

I think times of "If you build it, they will come" are pretty much over.

I don't disagree with you one bit at all.  I was actually lucky as hell as when I started this pool I found the block 257336 (My Pool's BTC Address: 1Cdn1JeBKz8JHsk6v6y2s2QvPANFH63kgu)
Block Info: https://blockchain.info/block-index/416849  -- I found that block in 48 minutes.  Completely luck no doubt.  But there's nothing wrong with starting a new pool and adding to the list, it will only help decentralize the currency even more.  I'm not taking a nickle from the pool so everyone gets their fair share of funds and then some from miners who end up leaving.  So that's why we're looking for dedicated miners to find these blocks.  As the pool grows, I have a dedicated server ready to deploy with no/limited downtime.  The longest downtime would be the network propagation of the A Name Address, but will post an IP address days before the transition.  I'm actively working on the statistics right now and working on getting a 'User Management' page up soon, so that you can have a lot of options as a big pool would have.  We are small and I completely understand the variance of it, but being able to show I'm willing to mine with all my power should show I'm committed to maintaining the pool.  I've only done a recent 30 minute hop between BTCMiners and another pool just so that the pool is funded for hosting, etc.. until it's time to colo a server.  The KVM Server I'm using is definitely powerful enough for the time being.  I would imagine with the current setup once we reach around 5 TH/s is when I'll need to upgrade to the colo which then will be able to support a lot more than that.

The server that will be colocated will be a:

AMD FX-6100 Hex Core (OC'd to 4GHz)
32GB DDR3 Memory
480GB SSD w/ 2TB backup 7.2K RPM
3x 1Gbps NIC's (DC will allow multiple connections to the switch)
I'll have 1Gbps w/ 15TB of bandwidth a month

The server is solid and ready to go, I'm just not willing to invest yet into putting it into a DC until there are more active miners.   If you're interested in mining with us, we'd be glad to have you!  Thanks for your post.

I have about 1TH, did solo mining on my own pool, found few blocks, had a stretch of 10 days without a block and I can tell you that with 100GH you might be going 60-100 days without a block.
And I was lucky because my blocks were found after 1-2xdiff shares.  Now, on average you probably need to find 100-300M diff1 shares to solve a block.

I remember, between 86M and 112M, I did find a block that was orphaned so I did not get paid.  So imagine mining with 100GH for 3 months only to find an orphaned block.

Mining is about hours, days at most weeks these days.

With 100GH your variance will be huge, if you ever find a block it will be by accident.

Remember that diff increases every two weeks, so to keep the same chance of solving a block,
you have to add more hashing power, that is every two weeks!!!

People with more hashing power than me use pools to reduce the variance.

Still looking for miners!  If you have any questions, please feel free to PM me!

For the next 2 weeks, I will be balance mining on another pool to help pay for server bills and help with coding when needed. 

Thanks for the update.

Come on people at least add it to your pool list if your not going to go all in on this pool. Put 10% of you GH/s here.

My only connection with BTCMiners is my bfgminer app 

Getwork is enabled disabled.

Those whom can utilize GW can now connect: http://stratum.btcminers.net:3333     Stratum Mining Port is: 3334

Username: BTC Address
Password: Anything


EDIT:

GW will be enabled soon, need to properly test it outside of running it with the main pool to verify the shares are working correctly.  If so, then it will be back up shortly.  Had a little bit of an issue of switching between stratum and GW so need to go through configuration files to make sure it's all set properly.  Still working on a lot of backend items on the check list and then the front end will be getting a nice overhaul so there could be some front end "outages" though, it has -NOTHING- to do with mining, just statistics.

Yeah its something I need to fix.  Its with the passwords, if you see both users update accordingly one doesn't have more shares than it should since its echoing results from the database.  It was and obvious oversight but poses no threat to the pool.  In the end the extra user will simply be deleted.

Appreciate the heads up anyhow!

I understand that your front end is under construction. but I see the same named user twice with different shares accepted/rejected numbers. But seem to only count once for Pool hash speed

That is more or less correct.  Being that the pool is setup to favor the "loyal" miners who are mining through lucky and unlucky rounds you would yield a higher net payout since there are no fees and also anyone who would mine and quit, after 48 hours their shares that are submitted actually get equally distributed in a system very much like PPLNS itself.  So in the long run we might have a number of people who will try us out and leave and there will be the ones who stay.  The ones who try and leave their shares aren't just "lost" in the mix, it's "redistributed wealth" among the long term loyal miners.

tl;dr: Long term potentially could pay more as the pool grows.  Short term, a lot of variability until the pool grows.  So in either circumstance the bigger the pool the better it is for the loyal miners.

I'm just a new small ~2GH/s Miner.

So if I understand this correctly. Long term I will have better payout due to low or no pool fee. But short term will have a lot more payout variability?

You can now join with no registration needed only your Bitcoin Address.  If you want to be named, please send me a PM until the user interface is completed so I can modify your account username.