Thanks for your feedback. The Double Geometric Method with our settings your expected value per share is under the impact of an permanent exponential decay.

This means if you generate a share right now, it will loose it's value as soon more and more shares were generated. Of course the higher the hashrate of the pool, the decay will happen faster, because more share per second were submitted by the pool. Compared with PPLNS this lowers your variance because you don't have to be afraid, that your share will become instant worthless as soon as N more shares are generated.

Here is a graph, which compares our method with PPLNS:



Maybe you noticed, that the area below each curve is the same. This indicates that the total average payout is the same, only the distribution is different.

The following graph shows, that payout for you shares happens during over millions of generated shares and several rounds, compared to PPLNS where the full payout happens when a block is found.



I would like to thank Meni Rosenfeld, who invented this method, and made these visuals possible.

So, to answer your question, if the decay of your past shares is even to fresh generated shares and your graph is not going up, it could be because the hashrate in the past was higher than the hashrate you got right now. It really depends on some more circumstances like pool hashrate for example.

Hope this brings some light in the dark.

Pool is running perfectly stable now.

Giving away another 10 BTC for free. Just join mining and get 0.00001 BTC bonus each valid share up 1,000,000 shares.

If you are interested but quite not understand yet, how our payout system DGS works, feel free to visit our FAQ section: http://www.yourbtc.net/faq-page

Most user voted for additional stats, so i'am going to add some more this weekend.

Hello everyone,

if you wanna try something new, you are welcome to hop into yourbtc.net.

Payout method is Double Geometric Method (DGM). You find some useful information about the math here: http://www.yourbtc.net/faq-page and of course https://bitcointalk.org/index.php?topic=39497.0

You can access our api here: http://www.yourbtc.net/api.php
For personal stats, log in into your account and get your personal api.

Have a nice day!

Available again.

Sorry for that, i will add some bonus BTC as usual later today to make sure, you won't have a disadvantage from the outage.

I will get some technicial assistance tonight, so we will see a permanent fix soon. Keep you up2date.

All user were credited a bonus of 0.00003000 BTC per gen. valid share during the last 24 hours.
They are show in the right pane under "Pending Promotion Payout:".
As soon as we solve our first block, it will be payed as an additional bonus.

Sorry for this inconvenience, pool was unreachable multiple times today. Running stable again.

Hi Bizzy,

pool is up and running again. I will investigate what caused this problem and fix it.

Sorry for this inconvenience, pool was unreachable for some hours today.

Therefore i will give away some btc from my own pocket later today according to all member who mined in the last 24 hours to cover your loss. Promise you won't have any disadvantages.

Hi shads,

just downloaded the release. Is this the updated realase?

poolserverj.jar file size is 246kb

Feature Update

• Personal API Key
• Pool Estimated Payout
• New Logo for yourbtc.net - special thanks to my girlfriend littlebug <3

I would love to hear some feedback if you have any wishes for more features or stats. Just tell me and i will make it happen!

Added some FAQ for better understanding how Double Geometric with our parameters work.

Comming up next: JSON API

Still 75% of promotion BTC left. You better hurry up, cause someone from russia is currently hashing the bonus away ^^

Should be up and running again! Sorry for this inconvenience.

I'am setting up cluster machines this weekend to make sure we have a backup scenario.

Pool Updates:

Pool Geomap
Are you interested, where our pool member live? Try out this new chart!
You can even check out the hashrate for every country with mouse over.

User Top 20
If you are interested, who donates most of our hashing power your welcome to use this chart.
In case you don't want your name displayed in public, just visit Pool Options and change your Pool Privacy options.

Please leave a comment if you have a suggestions for more statistics.
I'am happy to implement it for our pool.

As soon as we reach 1,000,000 shares the promotion btc will be payed. So there is no need to find a block.

Current average payout per share with promotion added is 0.000038 BTC, a very good offer.

In order to improve the total Hashrate and convince you of this pool, we are going to give away up to 10 BTC:

Each Round Share from count 1 to 1,000,000 receive 0.00001 BTC bonus

Visit our website for more information and rules.

Yeah i know. Right now, i try to counter the risk with optional donations. If i have to pay a bunch of bitcoins myself, i will do it for the community and as a proof that this method is a very innovating idea.

So far, it seems that almost nobody is interested. I'am greatful for any suggestions or wishes to get this baby running.

To explain why o = 0.5 i would like to quote from Meni Rosenfeld:


So the decay is VERY slow and of course depending on how many shares the pool can generate per timeframe.
Instead of a share become worthless after N Shares like in many PPLNS Pools, every share receives an exponential decay.

Regarding the graph, i will try do expand later today.

To clarify how score method and payout works here is a simplified sample for 24/7 mining:



When you start mining the estimated payout appears to be slightly lower than PPS but it will pay when you participate on multiple blocks and the system will pay you off well.

Half of your score is carried into the next round, so you benefit from your efforts of previous rounds. It works because of a slow decay of user score, the rate depends on pool hashrate.

Thanks for feedback Inaba, i have changed the wording.

yourbtc.net closing it's doors on 2011-12-08

Hello fellow miners,

it was really a hard decision for me but i'am going to close this pool within the end of day.

I underestimated the amount of time it takes to operate that pool and can't combine it with my fulltime job and private life any longer.
If anyone is interested in taking over the pool, just let me know.

When the poolserver has been shut down, the pool will generate additional "pseudo blocks" on current difficulty until your credit reaches less than 0.00000001 BTC.
So you will receive some additional payouts, just like you would have stopped mining for a while.

Please don't be sad, there are lots of other great pools out there:

- Eclipse MC (http://www.eclipsemc.com) another great double geometric payout pool
- Bitminter (http://www.bitminter.com) another really cool pool, the webfrontend and charts are awesome
- ABCPool (http://www.ABCPool.co) 0% pps, those guys who run this pool have to be crazy not taking a fee

I would like to thank all of you, who trusted in yourbtc.net! Special thanks to Meni who consulted me very well and invented this awesome DGM payout method.

@Mods: please unstick me again, i think Eclipse MC is the pool, that should be sticked instead. Thanks and sorry for inconvinience.

---- Old Post ----



Welcome to yourbtc.net,

we are proud to present our Bitcoin Mining Pool with Double Geometric Payout Method.

Right now, we offer this service at NO FEE!

Please note, that the pool just started and pool hashrate takes some time to grow. So the first block can take a while. Just relax and keep mining here, your expected payout won't suffer.

We appreciate donations to keep this service up and running. Feel free to adjust the donation percentage in your User Account.

If you are interested, visit us at: http://www.yourbtc.net

Status Report
- Pool Frontend: Up and Running
- Pool Backend: Up and Running
- Registration: Open

So what makes yourbtc.net the first choice for Bitcoin Mining?

• Double Geometric Payout Method
• Merged Mining
• No Fees - optional Donation of 2% can be adjusted
• Single Sign On with your existing Google, Yahoo or Facebook Account
• Long Polling and Low Stale Percentage
• Custom build Web Frontend
• SSL Certificate - please use https://yourbtc.net
• Individual and interactive Statistics
• Automatic and full Decimal Payouts
• Shoutbox and E-Mail Support
• JSON API
• Many additional features added almost daily

Finished Promotion
Each Round Share from count 1 to 1,000,000 receive 0.00001 BTC bonus - finished September 20, 2011
Each Round Share up to 1,000,000 receive 0.00001 BTC bonus - finished September 28, 2011

Advantages of Double Geometric Payout Method

This method was invented by Meni Rosenfeld, detailed information can be found here: https://bitcointalk.org/index.php?topic=39497.0

Low Variance Mining
This method offers steady income per share similar to PPS. We take the risk of long rounds and pay even when the pool buffer runs out.

Pool Hopping Proofed
Pool Hopping on yourbtc.net does not increase income, to make sure, everyone will receive a fair value for submitted shares.

Double Geometric Variables
f (Fixed Fee) = -1
c (Variable Fee) = 0.5
o (Cross-Round Leakage) = 0.5
c+f-cf = 0 (Average Total Fee)

You are welcome to ask any questions or leave a comment in this thread. Thanks!

Hope to see you soon and may the hashpower be with you,

Chris aka urstroyer

The PoolServerJ works great! Keep development going on, i see really huge potential! Definitely worth some donations!

If you run in any trouble press Menu - About - Scroll down to the bottom and select "Reset Blockchain / Transactions" and confirm with "Reset Transactions and Blockchain" (don't worry, your wallet won't be touched).

After that, close the app and reopen. The blockchain and balance will be updated once again, this could take a while, so be patient.

If that is still not working for you, i suggest you post at this thread: https://bitcointalk.org/index.php?topic=4384.0

Let us now, if this solved your problem.