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Topic: [9 TH] Bitparking Pool, DGM 0%,vardiff,stratum,Merge Mining - page 60. (Read 163893 times)

full member
Activity: 154
Merit: 100
Well, when MY BFL gear turns up you can be assured of a sharp rise in hashing power.
Sadly the critical word here is "when".

I placed my order mid-February this year, so I am hopeful I will get it in time for Christmas.
Any earlier will be a bonus.

Of course, with BFL's rep, I'm still not actually sure which Christmas I'm talking about.  Grin
sr. member
Activity: 476
Merit: 250
Once my BFL gear is here ...
Hey, we potentially have a new turn of phrase just created.

"Once my BFL gear is here" == "When my ship comes in"

 Cheesy   Sorry, couldn't resist.
legendary
Activity: 2114
Merit: 1031
Better get on that then...  Tongue

Anything you can do to create more interest in the pool would be a good thing at this point.
I have definitely considered it - especially now that the pool hash rate is lower, running a second pool isn't such an additional load. The main thorny point with freicoin is dealing with demurrage on user balances that are held.

Well the additional value from mining freicoin is pretty much gone at current prices of 0.0004 BTC/FRC.  My power is back with bitparking.

However, having those other merge mined pools setup would be cool.  Then people can pick & choose whichever primary they want. 

As for demurrage, I'm sure you can build in one year's demurrage into the PPS or DMG payout fee.  You've considered having automatic cashouts monthly/weekly.  I think for that pool, it's reasonable to say once a year/month you would auto cash people out with balances over 10 FRC or something like that.

Once my BFL gear is here, the temptation of setting up my own pool will increase; however you're still an awesome operator.  If you prefer me to focus my efforts on helping build your pool, I'm down with that. 

Not sure how much I'd be able to help just yet, but figured I'd throw it out there Smiley
legendary
Activity: 1078
Merit: 1005
Better get on that then...  Tongue

Anything you can do to create more interest in the pool would be a good thing at this point.
I have definitely considered it - especially now that the pool hash rate is lower, running a second pool isn't such an additional load. The main thorny point with freicoin is dealing with demurrage on user balances that are held.
sr. member
Activity: 420
Merit: 250
Is it possible to run a Freicoin (or any other sha256 coin) pool that also merged mines NMC, DVC & IXC? So that Freicoin would be the parent blockchain and NMC, DVC & IXC the auxiliary blockchains.
Yep. To be a primary coin you don't need any blockchain changes - just software to correctly manage the alt coins and store data in the coinbase of the primary chain. Tweaking namecoins merge-mine-proxy can do this.

Better get on that then...  Tongue

Anything you can do to create more interest in the pool would be a good thing at this point.
legendary
Activity: 1078
Merit: 1005
Is it possible to run a Freicoin (or any other sha256 coin) pool that also merged mines NMC, DVC & IXC? So that Freicoin would be the parent blockchain and NMC, DVC & IXC the auxiliary blockchains.
Yep. To be a primary coin you don't need any blockchain changes - just software to correctly manage the alt coins and store data in the coinbase of the primary chain. Tweaking namecoins merge-mine-proxy can do this.
sr. member
Activity: 658
Merit: 250
Pity Freicoin can't be merge mined, I'd definitely be adding it to the pool.

Is it possible to run a Freicoin (or any other sha256 coin) pool that also merged mines NMC, DVC & IXC? So that Freicoin would be the parent blockchain and NMC, DVC & IXC the auxiliary blockchains.
legendary
Activity: 1078
Merit: 1005
However, Freicoin is where my power's at right now, but I'm sure once it crashes & burns, I'll be back within a few days.  The other coins rarely keep my profits higher for more than 3-5 days before Bitparking starts to win again.
Pity Freicoin can't be merge mined, I'd definitely be adding it to the pool.
newbie
Activity: 57
Merit: 0
It would be nice if PPS is back, even at a much higher fee like 5.5% / 6%

I can't see how you could possibly earn more with PPS + 5% fee than with DGM + Bitparking's 1.5% fee + advantages.
sr. member
Activity: 434
Merit: 250
In addition, temporarily cap the withdrawal amount to PPS user if pool reserve is low, this should combat risk of ruins - withdraw of altcoin was disabled / temporarily reduced for ixcoin before.

There are a variety of ways to cap payments on PPS but they are subject to hopping and have their own issues, which is why things like PPLNS and DGM exist. Smiley If a pool really wants PPS-style, CPPSRB is the system I like most.
hero member
Activity: 756
Merit: 500
It would be nice if PPS is back, even at a much higher fee like 5.5% / 6%

PPS always have a special appeal, and DGM user benefits from it as well - higher pool hashrate is the best way to combat variance.

In addition, temporarily cap the withdrawal amount to PPS user if pool reserve is low, this should combat risk of ruins - withdraw of altcoin was disabled / temporarily reduced for ixcoin before.

I really love what this pool has to offer and love to have it goes back to 5+ TH.
legendary
Activity: 2114
Merit: 1031
Some results from the !exchange command in #mmpool:

Code:
< mmbot> NMC is 0.00915001 BTC per NMC at Vircurex, we earn 221.383927344 NMC per bitcoin block = 2.02566514904 BTC or 8.1% additional BTC per block
< mmbot> IXC is 0.000189 BTC per IXC at Vircurex, we earn 7036.7594417 IXC per bitcoin block = 1.32994753448 BTC or 5.32% additional BTC per block
< mmbot> DVC is 2.08e-06 BTC per DVC at Vircurex, we earn 366497.887589 DVC per bitcoin block = 0.762315606184 BTC or 3.05% additional BTC per block
< mmbot> Total extra BTC per block is 4.1179282897 or 16.47% extra income

Seems a lot. Someone want to check the math?

It is a lot, why do you think you're so popular/awesome?  Wink

However, Freicoin is where my power's at right now, but I'm sure once it crashes & burns, I'll be back within a few days.  The other coins rarely keep my profits higher for more than 3-5 days before Bitparking starts to win again.
legendary
Activity: 1358
Merit: 1001
https://gliph.me/hUF
Seems a lot. Someone want to check the math?
http://dustcoin.com/mining pretty much agrees. They use BTC-e, Vircurex and Bter data.
legendary
Activity: 1078
Merit: 1005
Some results from the !exchange command in #mmpool:

Code:
< mmbot> NMC is 0.00915001 BTC per NMC at Vircurex, we earn 221.383927344 NMC per bitcoin block = 2.02566514904 BTC or 8.1% additional BTC per block
< mmbot> IXC is 0.000189 BTC per IXC at Vircurex, we earn 7036.7594417 IXC per bitcoin block = 1.32994753448 BTC or 5.32% additional BTC per block
< mmbot> DVC is 2.08e-06 BTC per DVC at Vircurex, we earn 366497.887589 DVC per bitcoin block = 0.762315606184 BTC or 3.05% additional BTC per block
< mmbot> Total extra BTC per block is 4.1179282897 or 16.47% extra income

Seems a lot. Someone want to check the math?
newbie
Activity: 57
Merit: 0
The only reasonable solution for a small-medium sized pool is a payout system more like coinotron
Isn't Coinotron using DGM for bitcoin payments?

Yes, for Bitcoin they use DGM only with a 2% fee. For the other coins the methods and fees are: PPC - PPS 12%, RBPPS 2% / LTC - PPS 5%, RBPPS 2% / TRC - RBPPS 4% / FRC - PPS 5%, RBPPS 4%. There are also rather high minimum withdrawal thresholds for all coins and high fees in certain cases (ex. 0.1 LTC fee for withdrawals below 10 LTC). I mined there for a long time and can testify that my humble OC'd 7950 earns a lot more on Bitparking. They also don't pay for orphans in most cases (like Bitcoin) and there's no mention of where the transaction fees go. Not recommended.
legendary
Activity: 1078
Merit: 1005
The only reasonable solution for a small-medium sized pool is a payout system more like coinotron
Isn't Coinotron using DGM for bitcoin payments?
sr. member
Activity: 437
Merit: 250
No pps, now watch your hash rate fall... oh well it was fun while it lasted. The only reasonable solution for a small-medium sized pool is a payout system more like coinotron
legendary
Activity: 1078
Merit: 1005
Finally got past the long block, block 234756 was found. Here's hoping for some shorter rounds and better luck.
legendary
Activity: 1792
Merit: 1111
Sorry but I may need to jump the boat very soon due to the soaring difficulty.

you mean exit mining?  or this pool?

This pool. As difficulty is soaring, mining in a low hash rate DGM pool is suicidal. Due to the longer rounds, you will expect less reward when difficulty is still low
legendary
Activity: 2114
Merit: 1031
Sorry but I may need to jump the boat very soon due to the soaring difficulty.

you mean exit mining?  or this pool?
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