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Topic: [ANN] **New promo: fee sharing** Luckypool.co - Support block limit increase (Read 2439 times)

sr. member
Activity: 419
Merit: 250
Shutting down Luckypool.co for lack of use. Sad
sr. member
Activity: 419
Merit: 250
Webserver has been a little unstable. Stratum server and bitcoind have been rock solid. Rest assured even if the website and stats pages are inaccessible, your shares are being counted as long as your miner is connected. Webserver instability will be addressed soon.
sr. member
Activity: 419
Merit: 250
Correct. Also, you can use an app on android called "Pool Watch" for monitoring on your tablet or mobile. It also creates graphs.

(I didn't make this app, but I've been using it for a while)

https://play.google.com/store/apps/details?id=com.apaluk.android.poolwatch
hero member
Activity: 2912
Merit: 556
how to check user stats? thank you
sr. member
Activity: 419
Merit: 250
Announcing a new promotion: fee sharing. See OP for details.
sr. member
Activity: 419
Merit: 250
Luckypool.co has been shut down for lack of use

Luckypool.co is a new Bitcoin mine that supports BIP109

Luckypool.co currently only supports solo mining.

Come visit us at https://luckypool.co

/Fee sharing/

Luckypool.co now features a unique promotion called fee sharing. At all times, there can be one "Luckyminer" who will recieve 50% (so 0.5% of transaction fees + block subsidy) of collected fees for all blocks found at Luckypool.co. This miner is selected by being the first block finder when there is currently no one sharing fees. This 50% fee share will last through the next two difficulty changes.

Here is an example:

  • Miner1 finds a block and becomes the Luckyminer and will begin collecting 50% of all fees. This amount is calculated as: (.005)x(transaction fees + block subsidy). This additional reward is calculated for every block found, starting with the block Miner1 just found, and sent to Miner1's Bitcoin address.
  • Approximately 3 days later the network difficulty changes. Miner1 is still sharing fees.
  • Approximately 2 weeks after the last difficulty change, the difficulty changes again. Miner1 is no longer sharing fees.
  • Until another block is found, fees will not be shared.
  • Note that each new fee sharer will share fees from the block which made them the fee sharer.

/Configuration/

  • Address and port - solo.luckypool.co:3333
  • Username - any valid Bitcoin address with optional worker extension (worker extension starts with a period)
  • Username Example without worker name - 1PKMYiumvScJhpMTuKoWM6vp5HBqkyrzC8
  • Username Example with worker name "worker1" - 1PKMYiumvScJhpMTuKoWM6vp5HBqkyrzC8.worker1
  • Password - x
  • IMPORTANT NOTE - The validity of the Bitcoin address you use will not necessarily be checked. Please take care to make sure it is valid and belongs to you. Blocks solved to an invalid address will be donated to the admin.
  • Example command line for cgminer - cgminer -o stratum+tcp://solo.luckypool.co:3333 -u 1PKMYiumvScJhpMTuKoWM6vp5HBqkyrzC8.worker1 -p x

/Stats/

Limited statistics can be found at http://www.luckypool.co/stats/. Stats will refresh once per minute.

/FAQ/

What payout scheme does Luckypool.co use?

There is no payout scheme. If you find a block, the bitcoins (block subsidy + transaction fees) will be initially generated to 1FcxM9zzYceogy2CW3V8LMXpFzmFPa5n1s and from there distributed to the Bitcoin address you are using as a username, less a 1% fee for maintenance of Luckypool.co. Note that at current block subsidy and exchange rate this means if you find a block you will recieve a little over 25 BTC (equivalent to over $10,000 USD).

Why would I solo mine here instead of on my own Bitcoin node at home or in my data center?

The admin of Luckypool.co has made every effort to ensure it keeps up with block changes. Casual observation of logs has shown that Luckypool.co typically responds to new blocks on the network within less than a second. It's unlikely your node does the same. Mining here removes the overhead (bandwidth, storage, time) of running and maintaining a full node at home or in your datacenter.

Are transaction fees included in the amount I will get paid out?

Yes. Transaction fees contained in a block will always be contained in the payout for that block when the block is found. Luckypool.co will pass along those transaction fees (less 1%) to the block finder.

What is BIP109?

BIP109 is a one-time increase in total amount of transaction data permitted in a block from 1MB to 2MB, with limits on signature operations and hashing. BIP109 is currently implemented in Bitcoin Classic. You can read more about it on the official Bitcoin Github.

What kind of mining do you currently support?

Currently we support solo mining only. We may support pooled mining in the future.

How do I mine here?

Please see the section labelled "Configuration".

Is Luckypool.co affiliated with any existing or former pools?

No. At this time Luckypool.co is not affiliated with any existing or former pools, including luckypool.cn[/s]
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