The
GoldCoin CryptoCoin Mine is now open.
Pool profits help fund
CryptoCoin Explorer.
All pool donations will be given to the GoldCoin development fund.For the first week there is a 25 GLD block finder bonus!!
PPS (Pay-per-Share)
2.5% Fee
You will need to register and an E-mail address is required. I do not use the e-mail addresses unless I need to contact you and for verification. It is the easiest way to verify I am in contact with the account holder.
On the subject of E-mail, the e-mail notification is not active yet. I need to see what my options are in terms of an SMTP relay. Setting up and using a local SMTP server, normally leads to bounced back e-mails due to white-listing and ISP spam protection.
Please enter a payout address and threshold. As a pool operator I am responsible for your coins that are in the pools wallets. If the hot wallet is lost/stolen, I have to replace it out of my own pocket. If I put too many coins in cold storage and a high balance miner decides to cash out, the hot wallet balance would be low or empty. This affects other miners that might want payout until I can refresh the wallet.
Manual payout is disabled in order to safeguard against a double withdrawal issue. Though this bug has been patched, I am running the update jobs in a new manor to solve a RARE share counting issue that pops up time to time. To simulate a manual payout, simply lower your auto-payout threshold below your balance. Your account will cash out in the next cycle.
Statistics are refreshed every minute. Share counting, payouts etc, are run every time a new block comes on the network.
I will be handling transferring donation amounts manually until I can add the little bit of code it will take to automate it and make it completely transparent .Within the next couple of days.
Stratum and LP ports
Stratum: 2020
LP: 2339
URL Stratum:
stratum+tcp://gld.cryptocoinmine.com:2020URL LP:
http://gld.cryptocoinmine.com:2339Pay-Per-Share:
The PPS reward system benefits miners small and large. Instead of competing for a percentage of the shares needed to solve a block, all shares are paid at a rate calculated with block reward and difficulty.
500 / (pow(2,32) * network difficulty) * pow(2,pool difficulty)
For simplicity the pool fee (2.5%) is deducted when then coins are credited to your account.
Mathematical breakdown of the PPS Formula:
500 / (pow(2,32) * network difficulty) * pow(2,pool difficulty)
The expression pow(2,32) always equals (4294967296)
Current Network difficulty is 2.0858
So the first half:
4294967296 * 2.0858 = 8958442789
500 / 8958442789 ~ .00000000558132715
That is the rate for the absolute lowest difficulty that can exist.
Pools and mining software do not operate with that low of a share difficulty. The network traffic would be unbelievable along with the overhead on both ends of trying to process that many shares.
The pool difficulty is set at 21 bits (or around difficulty 32 in Cgminer terms)
The expression pow(2,21)= 2097152
.00000000558132715 * 2097152 = 0.117048913952768
This is the current PPS rate.
