Bitcoin Forum

I wish there were a pool which rewarded the block finder with 12.5 BTC (the remaining 12.5+fees would de divided between all miners, just as a normal pool).

The total network hash rate is 120.000 TH, so even with just 1TH you play a game with reasonable odds.  Within the next 10,000 blocks (~2 months) you have an 8% chance of winning.

This would also help the network. Individuals would play for the same reason they participate in state lotteries. They are likely to "over-invest" (which they btw do all ready) so that the expected return turns negative. Large investors with data centers would be forced out.

The closest one I can think of is the p2pool which gives 0.5% bonus to the block finder.

I don't think i would mine with you but you should start a pool like this , a lot of people would probably go for it.

Isnt this exactly what you want?

https://bitcointalk.org/index.php?topic=262712.0 (https://bitcointalk.org/index.php?topic=262712.0)

So you're actually suggesting a higher variance pool for gamblers.

Hmm...it's an interesting thought. I'm sure there's a market for it, if small.

Not exactly.
OP still wants to have half of the usual revenue when he doesn't find the block lol. :)

great idea.  pool ops won't do it.  I could show the math and rant and rave why every miner should so some solo mining.  this pool is just that some solo mining.

I could say that
btcguild
bitminter
slush
eligus

should all offer a server link with this or something like this.

100% share
75%   share
50%   share
25%   share
0%     share

I could also say wemineltc should do it.  but they won't.  pools don't want to offer this for lots of reasons.

I won't go into the why of it.  But they wont offer it.

 I mine 15 gh here
http://bitsolo.net/my-account/

I mine 1 th here

www.btcguild.com

Well, OP just needs to split half his hashrate to solopool and half to a more usual pool. Over time it'll average out to the same thing.

yeah that is the best solution for him.  I do 1.5 % to bitsolo.net and 99 % to btcguild.

Well he wants a 12.5BTC block reward, so split 1/2 hashrate to a large pool and the other half to solomining/p2pool

Actually, this ould be quite an interesting idea. Why have to split your hashrate between two services, such as solopool and a regular pool, when such a pool can be created.
Indeed, I don't know what market this idea will have... but who knows?

What exactly would the incentive be for someone to go the effort and cost of setting up and maintaining a pool for a service that has very few people interested in using when setting up 2  pools in balance mode requires approximately 30 seconds effort on the miner's part?

Please share this method for achieving 100.5% of your hashrate? ;)

   auto correct  ? rounding error?       ;)


  15gh   and 1020gh    hmm  lets not be lazy 15/1035 = 1.45 percent     1020/1035 = 98.55 percent


I am getting 2 or 3 s-3's .

 I plan to  use one at solo and the other one or 2 at merged pool like bitminter.


I would then be  at 500gh  solo   1500 gh merged

Ack, it's been weeks now and you're still using the word "merged" wrong!

There is either solo mining or pool mining*. Some pools also merge mine alt coins. "Merged" and "pool" mean different things. The words are not interchangeable.


* there are also solo "pools" but they aren't technically real pools since you aren't actually "pooling" your resources. They are really more like solo mining gateways.

I coined merged pools to be  differential  from solo pools.

I do understand  you, but if bitsolo.net and solopool.net call their selves solo pools I don't I  know what to call the 'normal' pools.

using solopool.net or bitsolo.net   we are using a pooled server  that rewards blocks to the block maker only.

what happens when a "solo" pools starts including merged mining?

I must also hold my hands up to throwing 20 GH/s at bitsolo.... well you never know.

But back on topic, i think a 50% finders block bonus is a good idea and certainly something i would consider !

I have 15% of my hashrate pointing to bitsolo and 85% at a normal pool. This way you can pick how much you want to gamble! I have a 1% chance at finding  block per week. Not bad :)

https://bitcointalk.org/index.php?topic=306611.0

Our bonus lottery sounds like what you want.  The lottery winnings will be provided completely separate of mined coins or the block transaction fees, so you won't be sacrificing any of your regular earnings and only gaining the possibility of winning the lottery.  There is 0% fee and you will even be able to sell your earned lotto tickets in the future if you wanted.  While the lottery payout system isn't yet implemented, we have begun giving lottery tickets out to our miners.  You only need to sign up for an account and nastyfans.org and register the Bitcoin mining address you are using as your username to mine on nastyfans.org:9332

makes it a bit easier.  when my s-3's come I will point one at bitsolo see what happens.

Have you looked into Ozcoin's PoT payout system? It rewards each share differently according to the minimum difficulty you're looking for and the difficulty of the share you submit.

It also completely adjustable, and by setting a really high work difficulty, you're increasing variance drastically. You won't get paid for as many shares, but the bigger shares pay off WAY better. It's essentially the gamble you're looking for.

Example: You set a "Work Difficulty" of 100,000,000. Most of the time you will not return shares that have a difficulty of 100,000,000 or more, so these don't get paid anything. When you do get a share above that value, you get paid on the value of the share.

In the example above, a share of 99,999,999 gets paid nothing, a share of 100,000,001 gets paid ~0.0032BTC, and a share of 50,000,000,000 gets paid ~5.14BTC.

Moving your work difficulty up from 100,000,000 to 1,000,000,000 moves your payout for the same 50,000,000,000 share from ~5.14 to ~9.61BTC.

https://bitcointalk.org/index.php?topic=131376.0

Sorry crazyates, we haven't offered PoT for quite a while, being a PPS variant it got expensive and was an avenue for attack :/

We could set this up fairly easily, though it couldn't be a charity (servers cost money, coders deserve to be rewarded for their work), so "rewarded the block finder with 12.5 BTC (the remaining 12.5+fees would de divided between all miners, just as a normal pool)" would become something like 12btc to block finder 12.5btc to miners 0.5btc to pool or 12.5btc to finder 12btc to miners 0.5btc pool.
Also after the solopool.net experiment (something that was asked for repeatedly in this forum but has never attracted miners >1TH and only found 1 block in 12 months) I would require the OP to find 1Petahash of miners that will commit to at least 1month of mining on this new pool otherwise it is pointless setting up whole new pool.
Graet

 I would point an s-3 at it for 3 months.

I think most of the guys/gals will go for a constant income, with no guessing to achieve ROI within a specific period.

A lottery will just make the calculations more complex.  ??? But for those who already reached ROI it would be a interesting option. {boredom killer}

Nice angle tho.