Topic: Good pools that let you keep some of your block reward? - page 2. (Read 3293 times)

I'm pointed at mmpool now.   I love the way it supports all these small coins with merged mining.  I noticed that it said something about LTC in the cgminer window, yet I don't remember that being one of the coin choices.  What was that about? 

Assume you have an empty glass in front of you.  Now, you start pouring water into the glass.  Every now and then I'm going to come by and take a look at that glass and measure how much water you've got in it.  The first time I come by, you've got the glass only 1/5th of the way full.  I mark that down and pay you for 1/5th of a glass of water.  I come by a while later and you've got the glass 2/5 full.  OK, I mark it down and pay you for 2/5 of a glass of water.  This continues until the glass is full of water.  Once your glass is full I pay you for a full glass of water, but I also now open a valve at the bottom of the glass so that water drains out as fast as you're pouring it in.  In this fashion, your glass will always be full of water and every time I stop by, I see you've got a full glass and pay you for it.

Eventually, you stop pouring water into the glass.  However, that valve is still open, so the water is draining at the same rate you were pouring.  When I stop by the next time, I see you've only got 4/5 of a glass, so I pay you for that much.  The time after that, the glass is only 3/5 full, so I pay you for that.  This continues until the glass is empty.

In my story above, every time I stopped by is equivalent to the finding of a block.  I see how much water you have in the glass and pay you for however much is there.  My story assumed I stopped by at even intervals of time, so you'd always know when to expect me.

So, how does luck play into it?  Well, every time I stopped by, I made sure to calibrate that valve on the bottom of the glass.  If I stopped by more often than expected, I'd mark you down and pay you.  If I stopped by less than expected, the valve would clog up and the water you were pouring in would slosh over the edge of the glass and be wasted.  When I finally did stop by, I would notice you had a full glass, and pay you for it, then fix the valve so that the pour rate equaled the drain rate.

The best pool for this is mmpool.org

They give you all transaction fees.

so if you hit a block  with  .5 transaction fees  it is your bonus.

I mine with two pools kano.is  and mmpool.org


http://mmpool.org/  
https://bitcointalksearch.org/topic/mmpoolorg-15-fee-dgmpps-tx-feesvardiffmerge-minetor-559011

 I have hit 2 blocks here and have received the transaction fees twice

 he gives transaction fees to the block winner - downside small pool can take 1 month or more to hit a block.




https://www.kano.is/ d
https://bitcointalksearch.org/topic/kanopool-kanois-lowest-09-fee-since-2014-worldwide-2432-blocks-789369
 
he splits transaction fees with all the miners- downside none the best pool  around


I mine 2.3 th with mmpool
I mine 23th with kano

That you have .  I remember that SP20 promo... won by a miner with user name something like sp20winner...

Yes, that's correct.  All of those bonus payouts came from my own pocket, not from my miners.  You can check out my pool thread here: https://bitcointalksearch.org/topic/150th-pplns-05-jonnys-mining-emporium-bravo-miningcom-1330452 to see more details.

You get a small part of the reward yes, but some pools directly pay you a large part.

That's great...so this is not solo mining but pool mining where all work is rewarded?

That's correct.  I offer promos and pay out of my own pocket.  This is above and beyond the block reward and transaction fees that miners earn on the pool.  Here's what I've paid out in promos:

1BTC to VeNoMZiTo
1BTC to YuenglingDude
3BTC to Borachinua
1BTC to rozo
2BTC to dsppage
1.5BTC to kilo17
0.5BTC to philipma1957 (birthday promo)

Yeah, I've paid out quite a bit of coin to my miners .

I didn't know mmpool paid all block transaction fees to the block finder.  Learned something new.  Thanks, Phil

@paramind22, p2pool also gives the block finder a small bonus: 0.5%.  However, as kano correctly points out, that means all the other miners are making less per block.

Are there good BTC pools that let you keep some of your block reward?

It would be great to not have complete risk, like mine for a percentage but if you find a block get around 50% of it.  No pools do that?

Any pool that does this, must fund that by paying everyone else less than expected.

Any pool that does this, must fund that by paying everyone else less than expected.

Block finding is luck, you can't make your miners find a block, they simply have an expected time to find a block.
The actual time may be anywhere from immediately to never.

Thus including a block finding reward increases variance for all miners.
If you don't care about increasing variance, then why not solo mine, since with solo mining, every time you find a block you get it all

You know what I mean.  You get a small part of the reward yes, but some pools directly pay you a large part if you
find a block (and much more than is distributed out to other users).  I'm pretty sure scamcoin pool does not, so that's been my experience.

Ummm... all pools let you keep part of the block reward... that's what pooled mining is.