some explanation for the mining fees: each algo has their own fees. they're based on the underlying coins for each algo. fees are higher when there arent high difficulty coins to mine. the idea is to not overkill coins with too much hashpower and we try to limit the hashpower on these poor little coins. for example, the x15 fees are quite high because we're already mining 50% of the html5 coin's blocks, which is enough. so fees are based on the total hashrate and the sum of all coin's difficulty. here is the formula we use:
fees = log(total_hashrate / sum(coin_difficulty)) + 0.5
the change we just made is that the hashpower sent to rental is not used anymore in the above formula. that has an impact mostly on the quark algo. the idea is that since that hashpower is not used for mining coins, there's no reason to limit anything.
Thanks for that explanation, the fee structure always puzzled me.
I don't disagree with your attempts to discourage overmining small coins by creating disincentives but
I don't think a fee (that I assume goes to yaamp) is the correct way. Wouldn't it be more appropriate
to redistribute the disincentive fee to other coins/algos as an incentive to mine those more?
Putting an 8% fee in your pocket seems like profiteering.
Thank you for factoring out rentals from the fee formula and good job getting the site back up. Do you intend
to bring back some of the other algos/coins or are you going to keep the pool smaller?
Your site states a fee for auto-exchanging to BTC. Does this fee apply to auto-exchanges to other coins or just BTC?
Thanks and keep up the good work.
agreed ... and a great idea mate ...
a redistribute back to the coin itself ... but i couldnt see how that could be done unless yaamp donates it back somehow - via faucet or similar ...
if that is the case - please connect bleutrade to your exchange list ( for auto-exchange ) and add granitecoin to the list of minable and exchangable coins (
https://bitcointalksearch.org/topic/a-chainworks-industries-cwi-project-granite-simple-solid-stable-grn-718939 ) ... we have been working hard and long to make grn stable and solid for a while now - which has been slow but successful ... designed as a miners coin under x11 algo - its perfect for such an application and pool as yaamp ...
thats my 7 btc worth
...
#crysx