mmpool.org - 1.5% fee DGM/PPS - tx fees/vardiff/merge mine/tor - page 103.

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

Quote from: -ck on April 07, 2014, 08:37:47 AM

Quote from: Wolf0 on April 07, 2014, 08:33:51 AM

Quote from: kjlimo on April 07, 2014, 08:23:54 AM

Quote from: starsoccer9 on April 07, 2014, 07:19:23 AM

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

Who would use a pool with 6.5% fee? No one...

I suppose you could get 5% of the 1.5% fee the pool charges, but seriously, how much money we talking?

I've been promoting this pool for over 2 years... are you saying I should be earning something for that? If so, I'm cool with that, heh.

You really think no one would use a pool with a 6.5% fee? I can't describe how funny that is. Check out the PPS fee on BTC Guild and come back.

BTCguild abolished PPS due to the great risk it posed. A large fee is appropriate.

I know of at least one pool that does 2% PPS. 4% PPS is still reasonable. 7.5% is just stupid.

Proteu5

newbie

Activity: 52

Merit: 0

Quote from: Wolf0 on April 07, 2014, 10:56:49 AM

Quote from: mmpool on April 07, 2014, 10:30:49 AM

Quote from: Wolf0 on April 07, 2014, 09:57:06 AM

5% is still okay in my book, but that's about the limit. LiteGuardian does 2% PPS, and it's not doing any hybrid.

The reserves a pool needs to handle the swings of PPS are too much for it to be a consideration. Combine that with the block withholding attack risk that can drive the pool bankrupt it's not worth it.

I like mmpool with or without PPS, I'm just giving my opinion on PPS in general.

Oh, well yea, I agreed with you 100% with PPS in general.

Personally, I think PPS rates should be trailing; based on the pool's average rate at which they find blocks for one Difficulty Term.

I would first set my break-even, minimum PPS %, then choose an arbitrary number + % as the first control term. After the Network Difficulty adjusts, get the avg. Time between blocks on network and between blocks found in pool. I would see how the pools avg. Hashrate changed +/- then adjust the PPS n% higher, or lower.

Of course you would need an upper bound limit pool miners would agree too, but adjusting the PPS between let's say 1.25% and 5.05% could average out nicely for Pool managers and Devoted Miners.

My math is 'Pseudo Math' I would need time to write an actual formula, but that's my idea.

Proteu5

newbie

Activity: 52

Merit: 0

Quote from: mmpool on April 07, 2014, 10:30:49 AM

Quote from: Wolf0 on April 07, 2014, 09:57:06 AM

5% is still okay in my book, but that's about the limit. LiteGuardian does 2% PPS, and it's not doing any hybrid.

The reserves a pool needs to handle the swings of PPS are too much for it to be a consideration. Combine that with the block withholding attack risk that can drive the pool bankrupt it's not worth it.

I love mmpool with out PPS, the fact that OP even added it is really wonderful. Just saying...

mmpool

sr. member

Activity: 375

Merit: 250

Quote from: Wolf0 on April 07, 2014, 09:57:06 AM

5% is still okay in my book, but that's about the limit. LiteGuardian does 2% PPS, and it's not doing any hybrid.

The reserves a pool needs to handle the swings of PPS are too much for it to be a consideration. Combine that with the block withholding attack risk that can drive the pool bankrupt it's not worth it.

TechByPC

full member

Activity: 168

Merit: 100

I think the only thing left that this pool needs to sell itself is to get out of this luck funk.

EclipseMC does PPS at 5%. From what I can tell the pools that have lower percentages are doing some kind of hybrid where they don't intend to actually pay out PPS until they solve a block, which kind of defeats the purpose.

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

Quote from: kjlimo on April 07, 2014, 08:23:54 AM

Quote from: starsoccer9 on April 07, 2014, 07:19:23 AM

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

Who would use a pool with 6.5% fee? No one...

I suppose you could get 5% of the 1.5% fee the pool charges, but seriously, how much money we talking?

I've been promoting this pool for over 2 years... are you saying I should be earning something for that? If so, I'm cool with that, heh.

You really think no one would use a pool with a 6.5% fee? I can't describe how funny that is. Check out the PPS fee on BTC Guild and come back.

EDIT: Well, I have egg on my face. They used to have a 7.5% PPS fee...

mmpool

sr. member

Activity: 375

Merit: 250

Quote from: starsoccer9 on April 07, 2014, 07:19:23 AM

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

I've considered this and I still may but I'm not sure referrals would work. The approach I had been considering was having share submissions of all referred customers count towards some tiered fee discounting or bonus. It's difficult finding some system that won't incentivize the wrong thing or result in users spamming every forum everywhere with referral URL's. Referrals did seem to work for Vircurex though. They also worked in the online poker industry. Maybe some ideas from the way they did 'rake back' are possible.

kjlimo

legendary

Activity: 2086

Merit: 1031

Quote from: Wolf0 on April 07, 2014, 08:33:51 AM

Quote from: kjlimo on April 07, 2014, 08:23:54 AM

Quote from: starsoccer9 on April 07, 2014, 07:19:23 AM

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

Who would use a pool with 6.5% fee? No one...

I suppose you could get 5% of the 1.5% fee the pool charges, but seriously, how much money we talking?

I've been promoting this pool for over 2 years... are you saying I should be earning something for that? If so, I'm cool with that, heh.

You really think no one would use a pool with a 6.5% fee? I can't describe how funny that is. Check out the PPS fee on BTC Guild and come back.

Doesn't that pay out orphans as well? Doesn't that even the math out?

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

Quote from: TechByPC on April 07, 2014, 07:43:19 AM

Quote from: starsoccer9 on April 07, 2014, 07:19:23 AM

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

Where would the coin come from for the referral? The pool is already running a deficit.

It is?

Anyway, I think the pool sells itself. If they were to hire me to get more people to use it, I'd be advertising it all over the place. I think the reason a lot of people don't use it is because they don't know about it.

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: Wolf0 on April 07, 2014, 08:33:51 AM

Quote from: kjlimo on April 07, 2014, 08:23:54 AM

Quote from: starsoccer9 on April 07, 2014, 07:19:23 AM

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

Who would use a pool with 6.5% fee? No one...

I suppose you could get 5% of the 1.5% fee the pool charges, but seriously, how much money we talking?

I've been promoting this pool for over 2 years... are you saying I should be earning something for that? If so, I'm cool with that, heh.

You really think no one would use a pool with a 6.5% fee? I can't describe how funny that is. Check out the PPS fee on BTC Guild and come back.

BTCguild abolished PPS due to the great risk it posed. A large fee is appropriate.

kjlimo

legendary

Activity: 2086

Merit: 1031

Quote from: starsoccer9 on April 07, 2014, 07:19:23 AM

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

Who would use a pool with 6.5% fee? No one...

I suppose you could get 5% of the 1.5% fee the pool charges, but seriously, how much money we talking?

I've been promoting this pool for over 2 years... are you saying I should be earning something for that? If so, I'm cool with that, heh.

TechByPC

full member

Activity: 168

Merit: 100

Quote from: starsoccer9 on April 07, 2014, 07:19:23 AM

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

Where would the coin come from for the referral? The pool is already running a deficit.

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

I love this pool, I just wish it had more users. I kind of want to promote it.

starsoccer9

legendary

Activity: 1630

Merit: 1000

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

mmpool

sr. member

Activity: 375

Merit: 250

Quote from: RoadTrain on April 06, 2014, 06:10:15 PM

Put a clickable link into the OP Wink

Thanks, I don't know how I missed doing that!

RoadTrain

legendary

Activity: 1386

Merit: 1009

Put a clickable link into the OP Wink

starsoccer9

legendary

Activity: 1630

Merit: 1000

cool, glad to see the site growing.

mmpool

sr. member

Activity: 375

Merit: 250

The pool is now running a tor hidden service on phkttm64gbquasaq.onion. You can access the website through that to view stats and use your miner through tor to mine. Something like the following works for me:

Code:

$ usewithtor ./cgminer -o stratum+tcp://phkttm64gbquasaq.onion:3333 -u myusername -p d=16

This is experimental and I'll adjust based on feedback.

Proteu5

newbie

Activity: 52

Merit: 0

Quote from: mmpool on April 06, 2014, 01:00:47 AM

The minimum withdrawal amount for bitcoin has been lowered to 0.005 BTC from 0.01 BTC.

Nice!!

Loving MMpool.org. Really has been one of my favorite BTC Pools for a long time

mmpool

sr. member

Activity: 375

Merit: 250

The minimum withdrawal amount for bitcoin has been lowered to 0.005 BTC from 0.01 BTC.

Topic: mmpool.org - 1.5% fee DGM/PPS - tx fees/vardiff/merge mine/tor - page 103. (Read 361606 times)