Pages:
Author

Topic: What would make you switch pools? - page 2. (Read 2246 times)

legendary
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
August 09, 2014, 09:45:09 AM
#6
https://ozcoin.net is running campaign atm..

3rd Anniversary of Ozcoin Bitcoin mining, to celebrate:
Blockfinders bonus reward 0.5BTC per block for the next 9 block solves
1 random share per round will be awarded 0.1BTC for the next 9 rounds


always nice to receive rewards for finding blocks Smiley

QG
That's a pretty nice little promotion.  Congrats to the Ozcoin guys for 3 years running!  Shameless p2pool plug here: block finders in p2pool are always rewarded with 1/200 of the BTC reward (currently, that's 0.125BTC).
hero member
Activity: 617
Merit: 543
http://idontALT.com
August 09, 2014, 05:26:20 AM
#5
https://ozcoin.net is running campaign atm..

3rd Anniversary of Ozcoin Bitcoin mining, to celebrate:
Blockfinders bonus reward 0.5BTC per block for the next 9 block solves
1 random share per round will be awarded 0.1BTC for the next 9 rounds


always nice to receive rewards for finding blocks Smiley

QG
legendary
Activity: 1904
Merit: 1073
August 09, 2014, 03:42:52 AM
#4
I hate bad support, when you run into troubles. And I hate it even more when you have to jump through 50 hoops before you can start mining.

Some of these pools have crazy requirements and things to do before you can join.  Angry
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 08, 2014, 10:25:13 AM
#3
unless a large % of miners migrate in a new pool it's very hard for one single man to migrate alone, less earning, maybe something simple and intuitive can help
legendary
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
August 08, 2014, 08:55:18 AM
#2
I like to have control over my mining experience.  I own and maintain the hardware.  I operate a p2pool node.  I like the idea behind p2pool as a vast network of individual nodes that ultimately make up a single entity trying to solve blocks.  I get to determine if I want to donate to the author.  I get to determine if I want to charge people fees for mining on my node.  I get newly-minted coins when blocks are found.

With all of its benefits, p2pool has a pretty significant flaw, that is becoming more and more apparent.  The flaw is that the bigger the pool gets, the more variance the individual miner experiences.  This is completely the opposite of how things work in other pools.  Why?  Because of the share chain that is the core of p2pool.  Just like the Bitcoin block chain, the share chain has a mechanism to keep the average share time to a given value.  Bitcoin is 10 minutes.  The share chain is 30 seconds.  And just like Bitcoin, as you increase hash rate, you increase the difficulty to keep that value.  Consequently, as that difficulty increases, your hardware has less and less of a chance of getting a share onto the chain, so you have less and less of a chance to get any payout when a block is solved.

So, what would make me switch?  Provide me with the same level of control as I get with p2pool, keep the decentralized nature of the pool, but solve the variance problem.
member
Activity: 102
Merit: 10
August 07, 2014, 07:27:11 PM
#1
Hello Bitcointalk,
We are looking to start a new pool with incentives and other motivations to join, but want to learn about what would make you switch to a new mining pool.
Thanks for the help!
Link: https://docs.google.com/forms/d/1bX9JfDpIMqD3OmIAJmDDlXHznikQg_rbyCy9EeY-WTo/viewform?usp=send_form
Pages:
Jump to: