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Topic: [POOL][CryptoNight.net] CryptoNote pool: Bytecoin, Monero, DarkNote - page 2. (Read 9896 times)

newbie
Activity: 28
Merit: 0
Heh. No block found yet. Sad
To speed up this process I announce 1st block promo action:

ALL REWARDS for the FIRST ROUND will be DOUBLED.

This includes also miners participated in this first round before this announce.
Bonus payment will be sent manually in several hours after automatic payment will be sent by pool software.
First round ends with first non-orphan block found.

After the first block pool will continue it's ordinary operations with low commission.

https://pbs.twimg.com/media/CCEbLzDUgAElg75.jpg:large
newbie
Activity: 28
Merit: 0

BTW: BCN price goes up after new code release ( https://bitcointalksearch.org/topic/bytecoin-under-the-hood-1014221 )

XMR and XDN will be added to CryptoNight.net tomorrow.
full member
Activity: 139
Merit: 100
newbie
Activity: 28
Merit: 0
Which reward method do you use PPLNS probably... or PPS? thx

PPS

I was wrong. This isn't a PPS reward method. This is proportional approach.

How proportional approach works?

1. We take a block reward minus pool fee:
reward = round(block.reward - (block.reward * feePercent));

2. For each miner who participated in the round we divide the number of hashes he calculated to the total number of hashes calculated by all miners per round:
percent = minerHashesPerRound / totalHashesPerRound;

3. We calculate the miner reward:
var minerReward = Math.round(reward * percent);

Code starts from here:
https://github.com/fancoder/cryptonote-universal-pool/blob/master/lib/blockUnlocker.js#L173


What does this means for miners?

The price of one share varies between rounds and depends of pool's luck. Luck is random. However the average during several days of mining is close to solomining minus pool fee. Fees are stated above (see OP or pool's home page).

For example: shares in block BCN:715056 were very expensive (we spent 3 minutes to find it) but shares for block BCN:715318 were very cheap.
Details: http://cryptonight.net/#pool_blocks

Here is a detailed description of various payment methods:
http://www.bitcoinmining.com/bitcoin-mining-pools/
full member
Activity: 139
Merit: 100
Which reward method do you use PPLNS probably... or PPS? thx
newbie
Activity: 28
Merit: 0
Hi!

This is a mining pool for CryptoNote-based currencies: Bytecoin, Monero, DarkNote and DashCoin. Pool is up and running. Join us with your hashpower and follow us on Twitter (http://twitter.com/cryptonight_net).

Bytecoin pool
URL: http://BCN.CryptoNight.net
Fee: 0.8% (donations: 0.2%, pool fee: 0.5%)

Monero pool
URL: http://XMR.CryptoNight.net
Fee: 0.8% (donations: 0.3%, pool fee: 0.5%)

DarkNote pool
URL: http://XDN.CryptoNight.net
Fee: 2.1% (donations: 0.1%, pool fee: 2%)

DashCoin pool
URL: http://DSH.CryptoNight.net
Fee: 1% (donations: 0.2%, pool fee: 0.8%)


Machine: dedicated Core i7, located in Europe.

CryptoNight.net topic on other forums:


Twitter: http://twitter.com/cryptonight_net

--------------------------------------------------------------

April 08, 2015: 1st block promo action - action completed

ALL REWARDS for the FIRST ROUND will be DOUBLED.

Update:

two blocks found:
at height 715050 - http://chainradar.com/bcn/block/6cdb9dcded45c99196df1398ce9e89a4617b1a1f2bd0695635634876efcc9b04
at height 715056 - http://chainradar.com/bcn/block/523d92f7faa36e7b262e3ffcc710fbf416ed1c5ce9dca57ea8016e5bc2897ca0

Bonus reward sent manually to all 1st round participants Wink

Have a nice mining!
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