Topic: [NEW] Directpool.net -BTC- Fee 1% [Pay TX, PPLNS, NMC, Vardiff] Giving back (Read 8968 times)

not sure what happened to x3maniac/dsync pools

he seems to have disappeared along with significant numbers of altcoins.

i hope he is ok, but am now at the point of concern

yeah meaning that the other poor slobs that have had their miners slaving away on the pool get nothing... no thanks if I wanted to wait years for any payout I would just mine solo!

I think it's dead. But there is another pool for solo mining where I put my antminer. The pool found their very first block and it all goes to the miner who found it.
http://bitsolo.net

So any news? I see nothing since April. I was considering setting this pool up as either my failover or perhaps even my primary (though its hard to beat my currant primary pool for reliability or value) IS Direct pool coming back or is it DOA?

***GONE***

Are others having problems connecting to the Scrypt.directpool.net with their gawminers hosted miners?

DirectPool has done major updates to the pool and it is almost ready to be "relaunched". More info will be posted within a few days.

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You've somehow obtained incorrect information. DirectPool never claimed to be a decentralized pool.

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No idea who byrondover is but he/she is not in any way affiliated with DirectPool.

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Unfortunately you have been misinformed. This pool uses a centralized server the same as every other standard pool. If you really wish to "support decentralization of network" then the only option is to use the p2pool software here:   https://bitcointalksearch.org/topic/1500-th-p2pool-decentralized-dos-resistant-hop-proof-pool-18313

This is currently the ONLY truly decentralized mining "pool". 

Is DirectPool still operating? I signed up and will mine from there with my Bitmain S1 180 Gh/s. If pool gets lucky, more shares of BTC for existing less than 10 miners. I can leave the miner on forever and ever just to support decentralization of network.

copy/paste from here: https://bitcointalksearch.org/topic/m.6182907


Bumping your own pool with fake accounts?  Bit sad 

I started using Directpool last week, and I'm very impressed! Fantastic live statistics, great interface and a competitive community.

I highly recommend you check it out if you haven't already!

Maza isn't "yet".

Very soon, DirectPool will be fully packed with merge mineable coins. (plus more)

We will announce very soon with the big news!

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I could be way off base here, but I'm under the impression that Maza is merge mineable with Bitcoin. If true, I'd like to see that happen.

That's great to hear, thanks!

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Edit:

Currently working on adding more merge mineable coins. More updates on this will be provided soon.

DP has excellent customer service support so far... Quick to respond and made requests fast! Looking forward to putting in more hashing power here...

+1 for the right thinking approach.

I like that it is a community involvement and a pledge. Well said.

@DPoS

I agree with you completely.

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We have a dedicated dev team that's worked hard to keep the pool secure. Security to us is paramount.

Thank you for acknowledging the coolness of the website!

We're working with a few big farm contacts to begin mining on DirectPool. All i can say is, there's a lot to come going forward.

We are inviting all miners (big or small) to join this amazing initiative.

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I think the community voting on initiatives could be adopted by more pools as an added layer.  That way the good can be spread no matter where someone mines.  It is just a way to organize these donation efforts in a better way.  Not force anything on anyone.  If each month 20 things are nominated, and top 5 get a cut of the pooled funds from all the pools involved that would go a long way to being effective. And then you can have rules that anything that was a top 5 and got funds can't get any more for the next 3 months to spread things around.  Popular things can still gain quarterly, but not dominate. Can have a weighted scale too that positions 1-5 get a scaled value so its not 95% go to #1 and the next 4 share 5%.  (something like 35%, 25%, 15%, 10%, 5% and 10% go to the pool operators for any pool that is free but pools can chose to charge what they want, but not get that part of the donation for example)

The above avoids a small pool trying to convince miners to jump aboard by taking the idea of community funding to established pools so no risk to miners

If Direct Pool is to gain traction, they would probably have to do a pledge drive in where they sign up enough people willing to all switch at once.  Not full proof by any means since attracting miners can be like herding cats but if the pledge results was high enough it would be the 'a crowd attracts a crowd' approach

Agreed 100%

The pools Web UI looks great... There is every graph and bell and whistle any miner would want to look at from a monitoring stand point...With that, 2 thumbs up.....But at the pools current hash rate. it could be 2 months before the pool finds a block.....NOW...if you can some how merge this front end with the 51% attack proof, DDos proof , Decentralized  P2Pool network... I think you would have something to Advertize on all the AP news sites....

But as it stands its almost solo mining.....



I would use this pool just because of the way it looks.....
I would not use this pool because of long block finding times.....

I don't work for any pool.

Name calling is a pretty juvenile move. So is pointing out a typo. I invite you to point out any other thread that doesn't involve DirectPool where I've been "trolling."

My questions still haven't been answered.

I always welcome new pool as it help decentralization....

But please dont advertise your pool as the "Next Generation" pool. Its load of crap and we all know it.

Your pool does some charity work and i applause you for that, but you got nothing technologically advance or benefit for Bitcoin mining ecosystem.

The ONLY next generation pool is a true decentralized pool. P2pool hit road block and we need a better version.

Troll. This guy should be ignored at all cost! I've seen him trolling on too many threads now... he's only trying to waste time and troll..dumbass... btw it's non sequitur* also i'm willing to bet he works for btcguild or ghash lool anyways (to the OP) i would ignore this troll above 

DirectPool Aims To Prevent 51% Attack with Community-First Mining Pool Approach
http://www.coindesk.com/directpool-prevent-51attack-community-approach/

I'm not confused about the term "next generation." I am questioning it because it is not being used appropriately here. It is being used as a marketing gimmick and it is completely vacuous. So far, no explanation has been given as to how DirectPool is an improvement over any other pool aside from it's purported ties to a charitable organization.



BTCGuild is not in question here. DirectPool is. I don't see any reason why BTCGuild needs to be mentioned at this point.

If you're going to make any sort of claims as to how your pool is going to help the community, you better be able to back them up. From what I know, the 1% fee is profit collected by an organization that states that it wants to help the community but is only lining the pockets of its members.


What advice? This is just another non sequiteur.

DirectPool makes claims that it is next generation and that it aims to help the bitcoin community, but the only thing I see is another pool that is tied to a "well known entity." So far, it's been the same three people that have been responding to me, and the responses appear as nothing more than a product pitch. Part of the responses lean on this "Bitcoin Business Alliance," but I'm having a difficult time ascertaining what people and businesses actually belong to this "well known entity."

I feel that I know enough about DirectPool to avoid it at this point. I feel that this is just another profit scheme, which doesn't bother me. What bothers me is that it is hiding behind the guise of a charitable organization, and I feel that any support for this pool will do more long run harm to the community. You are more then welcome to try and convince me otherwise, but my trust is already broken at this point.

This is not a factual statement.


I think the term "next generation" is confusing to you. DirectPool is next generation in the sense that it's doing what no other pool has done before. It's collaborating with a well known entity, the BBA, to do something great for the community and more.


DirectPool has never made the claim that it will prevent a 51% attack. What we have said is that we want to further redistribute the overall hashing power to make the network a lot more healthier than it is currently.


From what I know, the 1% fee will also be used for the betterment of bitcoin. I don't have all the details and that's private info. You might as well ask why BTCguild doesn't charge 1% or 0% instead of 3%... You're asking for info that you're not entitled to.


When we decide to open up a charity foundation, we'll be sure to take your advice to open up a befitting organization.

Thank you for your suggestions. If you'd like further information into matters concerning DirectPool, you make contact the staff via Help widget at directpool.net where you'll receive responses a lot faster. But you are more than welcome to continue posting here and you'll be replied to.

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Maint. almost done! Thanks for your patience. Services will restored shortly and an update will be provided.

Pool is still running.

EDIT:

Stats have been restored. Maint. will be done shortly.

Edit 2:

Maint. completed. All stats are restored. Pool is running perfectly. Updates listed under News section of DirectPool.net

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front end being updated

Miners are still up and hashing thanks for the heads up.

FAQ being worked on: https://bitcointalksearch.org/topic/faq-directpoolnet-discussion-ask-questions-525608

yea my miner is mining on the pool just fine on my side. Their site is under maint.

Msg reads "DirectPool website is under maintenance. You can still mine however the stats will not update. Be assured that all your shares submitted are being accepted. All services will be restored shortly, thank you!"

cool. Goodnight all

sadly the pool looks like it just died

any news?


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front end under maint...   pool still running

You're missing my point. In a more realistic scenario, the possibility of a public pool exceeding 51% doesn't exist, yet multiple articles tout this as a "next-generation" mining pool that aims to mitigate that risk while giving back to the community. My point is very simple. I need to know exactly how the claims made about your pool are qualified. I am asking for you to explicitly state how you are a next generation mining pool and how your pool is different from any other pools specifically in the way that DirectPool can prevent a 51% attack and what you offer that is more substantial than "We are giving miners another place to mine."

If we're going to "urge" each other to do things, I urge you to explain why retaining a 1% fee serves the community better than it serves yourself. I also urge you to point out where I stated or implied that DirectPool is "begging for donations."

While you're at it, can you explain why you aren't a non-profit or a not-for-profit organization as opposed to a for-profit?

That's a bad unrealistic scenario. In a more realistic scenario however, it is important for various different pools to co-exist. But to keep the bitcoin network "healthy" it's also important for the hashrate distribution to be more spread out.


You're missing the point. DirectPool isn't begging for donations. DirectPool is an initiative, in collaboration with the BBA, to use any funded donations (donated by miners at their own will) at DirectPool to be used to fund worthy digital currency projects (again, more on that will be posted up soon).

We believe that if the mining community is going to be donating to a pool then it should count for something more.

@Delarock, I would urge you to however begin your own charity website and if you'd like to collaborate with us for some possible help, just msg away!

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I think it's a philosophically flawed argument as well. I find it self defeating that the solution to "too many miners in one place" is giving all those too many miners another attractive place to go.

Let's consider eleuthria's point for a moment. What if every other pool besides DirectPool happened to shut down at the same time? Is there a novel value add that DirectPool hasn't mentioned that would "prevent" this 51% type attack from happening?

My second point aims directly at "community-first." If your pool was truly community first, why not donate 100% of fees to charity? I'll assume that you choose to use the "nobody can work for free" counterpoint. Why not just make a charity donation website? It would at least save you all the work of running the pool, and you get to serve the community at the same time. I can think of other ways that you can serve the community directly that do not involve the costly work of running a pool.

Bottom line: I think that finding a way to automatically donate to charities is great but this does not change the fact that every news article I've read is a complete sharp angle that leads to just another pool. If you're going to attempt to convince me to mine somewhere, it's going to take more than a display of noble intentions and an empty promise of network security.

"We're very close to private entities [ASIC manufacturer farms, giant ASIC warehouses, and "cloud" mining services] controlling > 51% of the hash rate already."

IF what you said comes true then you are most likely correct that 51% will more than likely never be achieved by a public pool. We will just have to wait and see how the upcoming ASIC hardware shifts the balance between public and private miners. However, DirectPool is here to provide a reliable Bitcoin pool where miners can trust to have their miners run on.

Main reason, I'll say it again, behind the initiation of DirectPool is to fund worthy bitcoin related projects with any donations collected at DirectPool. We're collaborating with BBA to keep every donation made transparent. Essentially, it'll be the miners who decide where the donations end up at. A lot more on this will be posted up at directpool.net soon.

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Hey, thanks for sharing the input. I don't think there is an argument happening here... Every public pool is on the same page, bitcoin doesn't need centralization. So if we can agree on that, there is no argument here, it is just another reason to ensure there is protection over the network. You and I cannot predict it will "NEVER" happen, the saying goes like this, "never say never"... nothing is impossible, but it sure is preventable.

+1  Well said.

Enough of this nonsense.

This is a fundamentally flawed argument.  You will never, nor will any pool, ever prevent a 51% attack again.  We're very close to private entities [ASIC manufacturer farms, giant ASIC warehouses, and "cloud" mining services] controlling > 51% of the hash rate already.  It is NOT possible for a public pool to hit 51% ever again unless every other pool vanished off the internet simultaneously.


EDIT:  Exception here possibly being ghash.io.  Though they are majority private speed from their cloud mining service, so I have a hard time calling them a public pool.

Thanks for your support for dp. Please keep in mind that I am in no way against btcguild. In fact, I like how Eleuthria runs his pool and he's a well known member of the bitcoin community and has been for a long time. Just as him, I appreciate LukeJr, whizkid and many others for their commitment to the bitcoin community as well.

DirectPool is taking a new stance at the way bitcoin pool should run in our opinion and that is that we need to be giving back to the community that made us. Why i joined dp was only because of the giving back initiation. That is something I'm proud of for being a part of and hope other pools will be encouraged to do something similar.

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DirectPool wants to further prevent any possible future 51% atks by giving miners a choice to join DirectPool which we believe is a stable and secure mining pool. It's administered by active admin as well. By redistributing higher pool hashrates over to DirectPool, you'd be preventing the bigger pools from getting too big.

Main purpose of DirectPool that I think the article at CoinDesk could have covered a lot better about "Cummunity-First" is that DirectPool wants to help the Bitcoin Community and that's where BBA comes in to the picture.

BBA has some very well known names that will be supporting this project. ALL donations goto funding charities and worthy digital currency related projects. Miners will vote and choose which projects should get the fundings. (More on this coming soon)

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I came across an article on CoinDesk about this with the title "DirectPool Aims To Prevent 51% Attack with Community-First Mining Pool Approach."

I read the article, and something is missing.

I come here, do a little research, and there is still something missing.

I need someone to explain exactly how DirectPool aims to prevent a 51% attack on the network. More specifically, what is different about DirectPool that would mitigate the risk of a 51% attack on the network?

Additionally, I am having a lot of trouble comprehending the "Community-First" aspect.

As it stands, all I see is another pool to point your miners at. I fail to see any sort of value add. Quite honestly, I fail to see any way DirectPool aims to prevent a 51% attack and I fail to see any way they are putting community first through their pool.

Nice!!

np, yes we're working on a litecoin pool. It will also be running on a modified eloipool backend software.

More info will be posted soon

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Your site is loading faster, thanks! are you guys working on any more pools to add to directpool??

//Update

Dev team cleaned up junk coding to make the website load a lot faster.

Thank you to everyone that's supporting directpool. Please post here if anybody has any suggestions for us to consider.


Thx IYFTech. Currently the pool will stay NMC merge only (we might change that in the near future)

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"**coughcexcough**" lool

I like Btcguild and don't think that the above poster is giving them bad press. That reddit post is an old post that basically points out the issues of any 1 mining pool growing too big and becoming unhealthy for the bitcoin network. Bad press is what the mass media gives the bitcoin network everytime a bitcoin mining pool got close to 51% power.. it's ridiculous.. i've lately given up on alternative coins lol got killed trading/mining those too many times  

Hmmmmm.....I'm not sure that giving BTCGuild such bad press is wise - they have already proven themselves to be honest & trustworthy with regards to your proposed 51% attack, indeed, they are probably the most reputable pool out there with outstanding customer support to boot (unlike other pools I wont mention **coughcexcough**).

Anyways, as much as I like the idea of "giving back", I'll keep my hashing power with my preferred multi-merged coin mining pool. I would urge you to reconsider other merge mine-able coins though. Good luck 

Congrats on the press launch DirectPool.net  I have started a thread on the PRESS section:  https://bitcointalksearch.org/topic/2014-03-18-directpoolnet-launches-bitcoin-mining-pool-that-gives-back-520718

+ http://www.streetinsider.com/Press+Releases/Directpool.net+Launches+Next+Generation+Bitcoin+Mining+Pool+that+Gives+Back/9290277.html
+ http://www.digitaljournal.com/pr/1795518

+1 Here is the problem guys, this is very important. Please voice your opinion how you want; can we all agree on this? The problem is, at the current pace, either POOL A or POOL B (the name wouldn't matter in this case) because any pool will have market share and gain 51% of the network. Supporting Post (11 months ago- this was looked at with 1000+ upvotes) but today, I will remind you once again, let's protect the Bitcoin network: http://www.reddit.com/r/Bitcoin/comments/1bq4ia/for_the_love_of_bitcoin_stop_mining_at_btc_guild/c98yp2k


If you think MTGOX was bad news for Bitcoin recently, wait until the media slams 'Bitcoin' for another reason why it should be considered dead because there was just a 51% Attack. I will make a stand and I refuse to let this happen. Let's not wait for the last minute to act on something- consider competition as a healthy option. When was the last time you moved your hash power? if less than 3 times, why not look at some new alternatives. Even if you mine on P2Pool.org (even tho not all ASICS are compatible I hear) its just a step in the right direction, that's all.

Sure, everyone has a choice to make, but there is now reasons to move hash power equally to a pool like DirectPool.  

I predict if any POOL gains market share, this is when Bitcoin is considered dead until another pool comes in to save the day. No one thinks about these challenges prior to considering a new pool for the very reasons of being 'too comfortable' where they are at, and don't think of the future affects and challenges it can cause.

Simply point your miners to DirectPool - you have literally nothing to lose, this pool will help avoid 51% attacks and has most of the problems solved

Note: DP charges 2% less in Pool Fees vs most popular pools.  

It's true.. "every little bit counts" but this isn't a pool for all merge mine-able coins you see.. this is the bitcoin pool that is keen on keeping security in mind while making sure the pool is stable. It's a way to prevent future 51% attacks but also the best part.. to give back to the bitcoin community

Bitcoin wasn't worth much not so long ago......but people still mined it. Now look at it.

Every little bit counts  

Besides, if miners don't want the altcoins then they can be donated.......

I had a chat with the pool dev of directpool and he basically said the reason they didn't want to add anymore coins was is because they aren't worth much at all. (Ixcoin, Devcoin, I0coin and Groupcoin) For example, in 24hrs of mining with 700gh/s, ixcoin will fetch you $0.03 only, Devcoin will fetch you $0.01... it's really not worth adding the extra load onto the pool servers. Namecoin has some worth.. but the rest don't in my opinion..

This definitely is a cool project and i'm just waiting for my neptunes to come thru and i'll be mining at directpool for sure.. 1% pool fee and donations goto helping bitcoin community grow... you can't go wrong with that  

All of them. Currently it's possible to merge mine IXC, I0C, DVC, NMC, GRP & soon HUC (as soon as the bugs are ironed out) - might as well do the lot eh? 

Which coins? I think that is why they attached Namecoin because its a merged mining pool, not sure though.

Congratulations on getting up & running!

Any plans to introduce more merge mined coins? This will help bring in the crowds 

Thanks for inviting me into beta testing DirectPool.net

Congrats on the launch! I have created a guide to show users who own Scrypt ASIC miners
how to mine DirectPool.net (and my 2 cents review) https://bitcointalksearch.org/topic/how-to-mine-with-lightningasic-hardware-on-directpoolnet-519078

Here is some screenshots of my new miners @ https://bitcointalksearch.org/topic/pictureslightningasic-hardware-gridseeds-lightningasics-by-aj-miles-519093

Thanks, updated. 

Some nice exposure. Here you go: https://bitcointalksearch.org/topic/2014-03-15directpool-next-generation-mining-pool-for-bitcoin-that-gives-back-516984
You should update the "ANN" in your title to show the total pool hashspeed.

Hey thanks!

We are collaborating with Bitcoin Business Alliance (BBA) (http://bitcoinbusinessalliance.com) to handle any donations collected by directpool to be handled by them.

The plan is to have them accept applications from bitcoin startups looking for funds and if BBA decides that they are worthy enough, they will be put up for a voting poll at directpool.net website. Where miners will decide who the most worthy project is to be funded.

A lot more information on this will be released in the coming weeks.

Please support the pool with your miners especially if you are concerned about not enough redistribution of the total hashing power of bitcoin network.

Thanks everybody who is involved in this project and to those who will join us!!

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Your pool is looking really great. I love the layout!! I've posted the press release from your website here https://bitcointalksearch.org/topic/2014-03-14-next-generation-bitcoin-mining-pool-that-gives-back-directpool-515834 I wasn't expecting this..so I have to say that i'm surprised that you guys are working with BBA to raise donations through this pool to be used for funding bitcoin startup projects... that's really good and noble in my books. Wish you all the best!! and will support you with your pool with my miners.  

I have informed Organofcorti. Basic stats are now visible on the signup/registration page.

Opening thread post has been updated. https://bitcointalksearch.org/topic/m.5211811

Directpool is now fully functional and officially launched! Please join and support us.

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If you haven't already done so, you should inform Organofcorti of your new pool for his list.

That being said, is there public access to the stats? I'll likely sign up, but I wanna have a look see first.

This looks promising.. just registered and began mining with my knc jupiter @670+ghs  

btw kudos++ on the very fresh looking web interface  

Nice, looks clean, and I can get NMC too.
Mining

Getting Started Information

Please register at https://directpool.net and find the ‘Getting Started‘ tab to the left sidebar.

Quick info:

• Host:   btc.directpool.net:3333
• ID:      Username.Workername
• Pw:     WorkerPassword

cgminer -o stratum+tcp://btc.directpool.net:3333 –u Username.WorkerName -p WorkerPassword

Thanks and Enjoy!
https://directpool.net

Website - https://www.directpool.net

Hi everyone,

Today, we are officially launching Directpool after rigorous testing and would like to welcome all miners. Directpool is the next step for a bitcoin mining pool. Directpool is not only a extremely stable and reliable pool but also a way to give back to the bitcoin community.

The main goal behind starting Directpool was that we wanted to give back to the Bitcoin community as that is the key to the future of Bitcoin itself. We have taken the initiative to fund Bitcoin related projects through any donation that may be collected at Directpool. Directpool is collaborating with Bitcoin Business Alliance (BBA) to work out a structure to handle the donations for worthy bitcoin related projects. Essentially, it'll be the miners that will decide who gets the funding. More information on this will be provided in the very near future.

Directpool

We are using a modified version of Eloipool backend software (thnx LukeJR & Whizkid).
Directpool is capable of handling even the largest of the Bitcoin mining farms - no matter the size of your hardware. The pool is running on private dedicated servers and under watch of a security admin to keep things smooth and moving. We take security extremely serious at Directpool to ensure that the miner's info and pool funds stay safe at all times.

Server Features

• Backend:               Modified Eloipool
• Stratum Protocal:   A stratum connection is very efficient, there is less bandwidth and fewer invalids/rejects.
• Vardiff:                 Difficulty automatically adjust based the speed of your hardware.
• Merged Mining:       Take advantage of earning NameCoin (NMC) while you mine Bitcoins.
• Payment System:    PPLNS payment method for both Bitcoin and NMC.
• PPLNS:                  The Pool fee is 1%
  
• Notification:           Receive email notifications for idle workers.
• Payouts:                Full Satoshi payout for precise withdrawals up to 8 decimals to transfer into your wallet for On-Demand/Manual payout. Automactic payouts available as well.
  

Website Features

• Fresh designed Web and Mobile Interface to best display stats that are important to miners.
• Fully integrated SSL connection.
• DDoS protection

Please join us on our freenode IRC channel (#directpool) or by contacting us through our “Help“ widget on our website.

Thanks and Enjoy!
https://directpool.net