Topic: [~25.5 TH] New Pool | 0% Fees | VARDIFF | ASIC Ready | PPLNS+Loyalty/PPS - page 5. (Read 8769 times)
September 15, 2013, 04:51:15 PM
Just got back from a weekend getaway, I'm back so if you'd like to mine with us, send us your username you'd like to use or your BTC Address!
September 14, 2013, 06:42:59 PM
For the time being.. If you'd like to join the pool, please send me a PM with your username you'd like to use along with your BTC Address for payments to be sent to, or if you'd like to use your BTC Address for your username that is fine as well.
--
Also, some users cannot connect because they're using GetWork which we do not support, only stratum.
Thanks,
BTCMiners.net
September 14, 2013, 04:23:16 PM
I had mined some shares here but it seems you have started anew and old shares were lost?
There isn't a proper front end for the pool - is that coming?
There isn't a proper front end for the pool - is that coming?
Yes, previously the "old" pool was just setup wrong (server specifications) to handle enough load for CPU/Memory and the connection/bandwidth amounts.
There will be more front end additions added this upcoming week. It's been a hectic weekend I've had to take a train to a different state and drive a uhaul back for a friend who has been moving and I gotta take a small vaca from the computer and go fishing... so updates will be coming this upcoming week, you should see more and more each day I'm hoping.
Glad to have you with us!
September 14, 2013, 09:04:07 AM
I had mined some shares here but it seems you have started anew and old shares were lost?
There isn't a proper front end for the pool - is that coming?
There isn't a proper front end for the pool - is that coming?
September 13, 2013, 06:13:13 PM
In fact, I'm set on the Steam product keys.
I will buy multiple steam product keys and the winner of the block will get a free steam game. Some might be good games, some might not be. If you're not happy with your game you get you could always trade it for BTC, someone will want it or the same applies if you already own it.
The gift will be randomly picked..
I will buy multiple steam product keys and the winner of the block will get a free steam game. Some might be good games, some might not be. If you're not happy with your game you get you could always trade it for BTC, someone will want it or the same applies if you already own it.
The gift will be randomly picked..
September 13, 2013, 05:39:04 PM
Just curious if there is something that is not making this pool strive' any comments?
Perhaps the problem is that this pool pretty much equals solo mining to most miners with any significant hashrate today. If you are serious about this, you'll likely have to attract more hashrate with bonuses coming out of your own pocket.
I had the same thought, I re-wrote the code so the original post has been completely changed from the original. I really like the idea of how the PPLNS+Loyalty/PPS system would work, being that miners who give up makes the miners shares just that much more valuable when paid out.
What does everyone think of that? I do understand it is a very small hash rate and I'm hoping to get to around ~500-600GH/s at first to make sure the server is working correctly and the payment system is working correctly as well. I think changing the payout system might have changed the playing field for making a "quality" pool for long term miner use.
Thanks for the input though. There definitely is a chance I might buy some Steam product keys for various games and give them out to people who found blocks, or longest miner, etc.. Just some ideas right now, not really set in stone, but a very viable method or idea to attract new miners. I have the funds to be able to reward the block finder and perhaps run other contests and what not for Steam games, etc..
BTCMiners.net
September 13, 2013, 05:08:15 PM
Just curious if there is something that is not making this pool strive' any comments?
Perhaps the problem is that this pool pretty much equals solo mining to most miners with any significant hashrate today. If you are serious about this, you'll likely have to attract more hashrate with bonuses coming out of your own pocket.
September 13, 2013, 03:56:46 PM
Just curious if there is something that is not making this pool strive' any comments?
September 13, 2013, 02:57:17 PM
Over 2 million shares in 2 days!!!
September 12, 2013, 09:18:19 PM
Reserved.
September 12, 2013, 07:06:53 PM
www.BTCMiners.net
We're a new smaller pool working to become medium sized at first to make sure the server can handle the load of traffic in it's current configuration along with making sure the connection is capable of handling the requests that would be incoming and outgoing. (Though, high hashers are more than welcome to join!)
The pool is a proprietary PPLNS type system, it's PPLNS+Loyalty/PPS.
How PPLNS+Loyalty/PPS works is that if your miner (which we can see from the backend) has a high active rate you will be awarded when a block is found your proportionate BTC.
How the Loyalty bonus works, is that if at any point a miner is inactive for 48 hours, and not keeping their 3 hour hash rate at their average, their shares are then thrown into the "Pool Shares" category. Ultimately it would pretty much detour any long duration pool hopping in a sense that would not really be worth while to mine at a really high hash-rate and then leave after getting X amount of shares, leaving the rest of the pool miners to finish finding that block. However, it does allow you to pool hop to a small degree because the 48 hour window is available. I don't want to put down the rule of saying you have to mine here and no where else, but for the security of those who do mine actively with us are then covered by that small duration window of allowable pool hopping because those miners would be coming back on a fairly consistent basis, thus making it still efficient for everyone.
How the "Pool Shares" work, is that any miner that is inactive for 48 hours, those shares are added to the "Pool Shares", then simply deducted from the total shares during the calculation for the payouts and the user will be removed from the list, to keep it clean. If the miner joins again later on, then they would simply be added back but with a 0 share balance. You can figure out the PPLNS+Loyalty/PPS when following the calculations below:
Block_Income / (Pool_Round_Shares - Pool_Shares) which would give you the PPS which then you would take the PPS * Worker_Shares and it then gives you the total of what you mined on top of any bonuses from miners who stopped mining in the pool for more than 48 hours.
What makes us different? Simple. Our payout system.. We punish long duration pool hoppers, it's understandable and unreasonable to think pool hopping is a bad idea. We all want to make as much money as possible mining, right? I feel that 48 hours is long enough to pool hop back and forth. If you do pool hop, the length of time is recorded on the activity rate in the database so if you left the pool for 48 hours, you would have to mine at least 48 hours and 1 second for example to not lose your shares.
I'm doing this to discourage long duration pool hopping so that the pool will be efficient and have a constant hash rate and to make it successful for everyone. So even if the pool gets a rouge miner who mines for 6 hours at 1TH/s and never comes back, his shares after 48 hours are submitted to the "Pool Shares" to be deducted from the total round shares, giving you more BTC!
The pool does have to wait for 120 confirmations before funds can be disbursed among the active miners, so there is a small wait time of somewhere between 12 and 24 hours before the payout would take place. (I initially thought we might take from the total pools funds, like 2% of each block found until we have 100% or 25~ BTC for instant payouts as it would eventually just be the pool buffer for instant payouts. Might be a little bit of a headache at first but the pool wouldn't keep those funds, even if we shutdown those funds would be split between all the current active miners, encouraging members to stay even longer!)
The pool has a 0% fee, though donations are always welcome:
BTC Address: 1EF9HUfdLqK5zeszv49u7oLiUJznjrcwev (or in my signature!)
To connect to BTCMiners.net you simply need the following information:
Hostname: http://stratum.btcminers.net
Port: 3334
Username: Your BTC Address
Password: Anything You'd Like
If you use command based mining software you would connect with the Hostname as follows: Hostname: http://stratum.btcminers.net:3334
If you're using a GUI, more than likely the first way of connecting and simply just plugging in those values will get you up and running!
I hope to see some miners here soon. I am working on the website, at least the stats that are necessary are showing but will be working on having more statistics available in the near future as the pool progresses.
If you have any questions on how the PPLNS+Loyalty/PPS works that wasn't explained to your satisfaction, please do not hesitate to PM me so I can help better explain; however, I'm hoping it was sufficient!
----
Cloud Hashing Purchase Stats:
Rolling out statistics to be updated as often as possible.
35 TH/s total
12 GH Purchased
34.988 TH/s Remaining
Happy Hashing,
BTCMiners.net
We're a new smaller pool working to become medium sized at first to make sure the server can handle the load of traffic in it's current configuration along with making sure the connection is capable of handling the requests that would be incoming and outgoing. (Though, high hashers are more than welcome to join!)
The pool is a proprietary PPLNS type system, it's PPLNS+Loyalty/PPS.
How PPLNS+Loyalty/PPS works is that if your miner (which we can see from the backend) has a high active rate you will be awarded when a block is found your proportionate BTC.
How the Loyalty bonus works, is that if at any point a miner is inactive for 48 hours, and not keeping their 3 hour hash rate at their average, their shares are then thrown into the "Pool Shares" category. Ultimately it would pretty much detour any long duration pool hopping in a sense that would not really be worth while to mine at a really high hash-rate and then leave after getting X amount of shares, leaving the rest of the pool miners to finish finding that block. However, it does allow you to pool hop to a small degree because the 48 hour window is available. I don't want to put down the rule of saying you have to mine here and no where else, but for the security of those who do mine actively with us are then covered by that small duration window of allowable pool hopping because those miners would be coming back on a fairly consistent basis, thus making it still efficient for everyone.
How the "Pool Shares" work, is that any miner that is inactive for 48 hours, those shares are added to the "Pool Shares", then simply deducted from the total shares during the calculation for the payouts and the user will be removed from the list, to keep it clean. If the miner joins again later on, then they would simply be added back but with a 0 share balance. You can figure out the PPLNS+Loyalty/PPS when following the calculations below:
Block_Income / (Pool_Round_Shares - Pool_Shares) which would give you the PPS which then you would take the PPS * Worker_Shares and it then gives you the total of what you mined on top of any bonuses from miners who stopped mining in the pool for more than 48 hours.
What makes us different? Simple. Our payout system.. We punish long duration pool hoppers, it's understandable and unreasonable to think pool hopping is a bad idea. We all want to make as much money as possible mining, right? I feel that 48 hours is long enough to pool hop back and forth. If you do pool hop, the length of time is recorded on the activity rate in the database so if you left the pool for 48 hours, you would have to mine at least 48 hours and 1 second for example to not lose your shares.
I'm doing this to discourage long duration pool hopping so that the pool will be efficient and have a constant hash rate and to make it successful for everyone. So even if the pool gets a rouge miner who mines for 6 hours at 1TH/s and never comes back, his shares after 48 hours are submitted to the "Pool Shares" to be deducted from the total round shares, giving you more BTC!
The pool does have to wait for 120 confirmations before funds can be disbursed among the active miners, so there is a small wait time of somewhere between 12 and 24 hours before the payout would take place. (I initially thought we might take from the total pools funds, like 2% of each block found until we have 100% or 25~ BTC for instant payouts as it would eventually just be the pool buffer for instant payouts. Might be a little bit of a headache at first but the pool wouldn't keep those funds, even if we shutdown those funds would be split between all the current active miners, encouraging members to stay even longer!)
The pool has a 0% fee, though donations are always welcome:
BTC Address: 1EF9HUfdLqK5zeszv49u7oLiUJznjrcwev (or in my signature!)
To connect to BTCMiners.net you simply need the following information:
Hostname: http://stratum.btcminers.net
Port: 3334
Username: Your BTC Address
Password: Anything You'd Like
If you use command based mining software you would connect with the Hostname as follows: Hostname: http://stratum.btcminers.net:3334
If you're using a GUI, more than likely the first way of connecting and simply just plugging in those values will get you up and running!
I hope to see some miners here soon. I am working on the website, at least the stats that are necessary are showing but will be working on having more statistics available in the near future as the pool progresses.
If you have any questions on how the PPLNS+Loyalty/PPS works that wasn't explained to your satisfaction, please do not hesitate to PM me so I can help better explain; however, I'm hoping it was sufficient!
----
Cloud Hashing Purchase Stats:
Rolling out statistics to be updated as often as possible.
35 TH/s total
12 GH Purchased
34.988 TH/s Remaining
Happy Hashing,
BTCMiners.net
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