Topic: Jointhebitcoincloud.com | Bitcoin Mining Pool | Proportional 0% Fees (Read 2520 times)
October 29, 2014, 09:21:56 AM
Must... leave it... be...
October 28, 2014, 05:16:13 AM
How can a pool take 1/4 to 1/3 of the block rewards if it pays out 100% of the block rewards?
To actually understand pool hopping and pool reward systems start here: http://bitcoin.stackexchange.com/questions/5072/what-is-pool-hopping
For the details, read Meni Rosenfeld's analysis of pool reward systems: https://bitcoil.co.il/pool_analysis.pdf
You're doing it again Doc... To actually understand pool hopping and pool reward systems start here: http://bitcoin.stackexchange.com/questions/5072/what-is-pool-hopping
For the details, read Meni Rosenfeld's analysis of pool reward systems: https://bitcoil.co.il/pool_analysis.pdf
October 27, 2014, 08:10:54 AM
you ever wonder why they went from a 1 to 2% fee on porpotional, to a 0% fee on PPLNS, cause they dont need fees when they take 1/4 to 1/3 of the block rewards anyways
How can a pool take 1/4 to 1/3 of the block rewards if it pays out 100% of the block rewards?
To actually understand pool hopping and pool reward systems start here: http://bitcoin.stackexchange.com/questions/5072/what-is-pool-hopping
For the details, read Meni Rosenfeld's analysis of pool reward systems: https://bitcoil.co.il/pool_analysis.pdf
October 27, 2014, 07:25:30 AM
Hi All,
The pool is proportional I have also removed the fees so now you can enjoy with 0% fees. For more information on the payouts please refer to the following URL
https://jointhebitcoincloud.com/index.php?page=tac
Regards,
Jointhebitcoincloud.com
The pool is proportional I have also removed the fees so now you can enjoy with 0% fees. For more information on the payouts please refer to the following URL
https://jointhebitcoincloud.com/index.php?page=tac
Regards,
Jointhebitcoincloud.com
October 26, 2014, 02:39:59 AM
Maybe do a block porpotional pool. meaning you get paid for the amount of average hash you put into a solved block, if you pool hop your average will lower. it would be easy to code something like this in to give you a 15 minute average, 1 hour average, 4 hour average, 6 hour average all the way up to a 1 day average. once you leave the pool it drops your average rate thus lowering your reward. So the pool leaders went from a hoppable "unfair" proportional system to a PPLNS system that is not fair to the miners but greatly profitable for the pool itself. ( you ever wonder why they went from a 1 to 2% fee on porpotional, to a 0% fee on PPLNS, cause they dont need fees when they take 1/4 to 1/3 of the block rewards anyways) There were a million ways to solve a hopable proportional system that was both fair to the users as well as the pool, but instead the pools want their cake and eat it to. I would bet my car that 80% of the PPLNS pools make more in BTC than they pay in rewards per block solved, I 100 % guarantee Ghash.io makes most of the % of a rewards a lot more than its members do 
October 24, 2014, 03:58:35 AM
It's not PPLNS, it's Prop.
That's the one that shouldn't be used by any pools any more.
https://bitcointalksearch.org/topic/m.1146110
"Hoppability"
You should research the payout schemes before running a pool ...
Edit: your thread title says "Proportional 2% Fees" and you don't mention what a "round" is.
So if I'm wrong about it being Prop, then mention in the first post what a "round" is.
That's the one that shouldn't be used by any pools any more.
https://bitcointalksearch.org/topic/m.1146110
"Hoppability"
You should research the payout schemes before running a pool ...
Edit: your thread title says "Proportional 2% Fees" and you don't mention what a "round" is.
So if I'm wrong about it being Prop, then mention in the first post what a "round" is.
October 23, 2014, 10:58:38 PM
Another PPLNS pool, AWESOME Ill hop right on your 1 thash of mining power, maybe by this time next year we can solve a block where as you will make 25 BTC and I will make 0.4 BTC YEAAAAAAAA.
October 11, 2014, 01:31:24 AM
SIGN UP URL:
https://jointhebitcoincloud.com/index.php?page=register
Stratum URL:
stratum+tcp://jointhebitcoincloud.com:3333
Why should I mine at this Bitcoin pool?
Bitcoins are only ever created in 25 BTC at a time. Furthermore, the challenge to reach the 25 BTC prize in a given block is highly competitive. The bigger the pool the faster and higher the rewards for users.
If you set out mining on your own, it will take an extremely long time to generate 1 block unless you have a large amount of ASIC hardware. Pooled mining allows you to receive smaller, more frequent, steadier payouts instead whilst working as a team to find a block. If you have a slower ASIC miner or still using a GPU then pooled mining may be the only way that you will ever mine any bitcoins at all.
How are rewards processed?
This 25 BTC is divided among all of the users that contributed to that round, weighted by the number of shares that they earned. Therefore, the reward earned by a given user is given by the following formula:
(25 BTC + block fees - 0% fee) * (shares found by user's workers) / (total shares in current round)
When the pool mines a block, only users who worked on that block are rewarded, and only for work they did on that block. We reward users with 2BTC for the first 10 blocks found in the pool.
Key features
DDOS Prevention Service
Frequent Server Backups
IRC Web Chat
3 Confirmations on payouts
BTC rewards for block finders
How do I get started?
1. Install a Bitcoin miner on your computer or rent a mining service
This mining software is currently supported:
CGMINER
BFGminer
Tested Hashing Rental Services:
https://nicehash.com Tested up to 500 TH.
https://betarigs.com
How do I contact you if you have any questions
https://twitter.com/jointhebtccloud
IRC #jointhebitcoincloud.com
E-mail: [email protected]
Happy Mining!
Regards,
Aaron (Jointhebitcoincloud.com)
https://jointhebitcoincloud.com/1.jpg
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