Mining itself is lottery.
What are you actually offering? Any special prize for the block cracker in addition to deserved share of block reward?
It seems to me you just making another pool.
What are you actually offering? Any special prize for the block cracker in addition to deserved share of block reward?
It seems to me you just making another pool.
Yes mining is a lottery. but if your mining on a pool for limited fees then it can be pointless as even if you hit the block you still only get your pool TX fee's payout or share reward.
Where as if you take multiple people solo mine and combine the effort its like buying many lottery tickets and upping the % chance of breaking a block with a small group.
I think a prize of something like 3-5% would be awarded to the solver of the block as additional prize,
Like I said the project is in early stages and it could be a community project with participants helping to develop the idea, rules and payouts.
I think once we establish if there is enough interest then we can look at building community rules ect.
While some pools only PPS / PPLNS we could make our own PPPA (pay per power attributed)
We all know what a block will yield and we can track the power on the startum server and see what power each user is putting to the network.
We could work out some formula that could pay each user a % according to the power / time mined on the pool to break the block and have a bonus payment to the miner who solves the block.
So basically like any other pool out there? Isn't this exactly what any other pool does? How is this an investing game?
What is the exact point of the hashpower, what are you going to do with it?
Blocks of what? Bitcoin?
