|
The idea was born out of getting low payouts when mining with single GPU. The goal is to connect many more of us with the same problem.
By combining POW mining and POS coins payouts it would be possible to add extra income for everyone, even those with single GPU and even for those who use their CPU for mining.
How? Lets take a look at zpool.ca:
Great pool, dedicated owner, wide range of coins and lots of users with different hardware including ASICS (DIGIBYTE, LITECOIN), GPU (VERTCOIN, FEATHERCOIN) AND CPU (MAGI). This is a simple example of a pool that runs great and earns on fees. What it lacks is the ability to provide more earnings to regular miners and there are a lot of them out there. They do not have a chance to earn big because of their hardware restrictions and most of the time are pushed out of a new coin by nicehash, miningrigrentals and private farms.
Goal is to fund raise enough money to pay for building a new multipool dedicated to turn things around.
The pool idea:
For example purposes lets say we have a pool that runs on Yaamp code. There are several algos aviable and coins mined are sent to miners based on their shares when a block is found. I am using my GPU and mining on neoscrypt port. I use Dogecoin for payout (Yaamp has autoexchange option to use any coin for payout as long it is mined by the pool and blocks are found). My average daily income is 500 Doge.
Now comes the interesting part. Pool fees are used to buy Clams (POS Coin that has stood the test of time). Then these Clams are sent to Justice (gambling and staking service for Clams) where they earn stake rewards. Once a day staking profit is calculated and only the profit is withdrawn and exchanged proportionaly to coins mined on the pool. Those coins are sent back to pool and extra income is calculated and is sent to miners. I receive 50 more Doge with the same GPU and the next day even more in ideal situation(same doge and Clams price, difficulty of mined coins, staking share, pool hashrate).
Pool would need a custom algorithm to calculate how many blocks and shares each miner has done that day and award him with those exchanged Clams. New cycle begins and again pool fees are used to buy more Clams. Increasing the size of Clams staking on Justdice gives us more daily interest and miners are paid even more. Of course that award would vary given the price of Clams, staking share and miner prefered coin for payout. But generally yes, miners would earn more. This is just a example of combing POW and POS. Yaamp pool can be replaced with more efficient pool software and Clams wih more awarding coins.
Who would be in control? Found a nice example:
A simple answer here may ultimately be the best one: don’t create an entity at all. Allow the token holders to vote on the disbursement of the funds raised to develop the protocol in a decentralized governance style.
By letting the potential investors decide in creation of this idea - for now this forum will be used.
What platform will be used for ICO. I understand Ethereum is number one but maybe there are better options. For example how will the investors earn interest:
1. Pool has a fee that pays out to investors based on their token amount.
2. Pos coin or Masternode payouts are shared beetween miners on the pool and token holders.
3. Some other more advanced solution, maybe there is a pos token, dividend payout or something completly different. Lets talk about and find a best solution.
Escrow token creation. How and why would a member with no background and trust - (me) - be used for this. There are many members here on btctalk that earn money and have a good reputation for this task. We should use this and form a trust in this project from the start. Not some pictures of unknown guys and girls and website with fancy graphics. Paid service should be used as guarantee.
Who would own the pool, manage private keys, exchange API keys, VPS credentials. Again, we would need to pay for this to trusted and salary wanted people. That is why ICO is a must to provide funds to these responsible tasks.
What is needed for this pool to come to life:
VPS and domain name must be paid from the ICO fund and should last long enough until the pool starts to earn on fees.
Developer would have to be hired for creating or modifying pool code. He would also need to create the code that would be used to buy and sell POS coins and use that income to enhance POW mining - ? % of the fund.
Full time job would be offered to a pool admin or more of them - lets face it, large percent of the fund would go to them for keeping security and managing wallets, which is the hardest part.
Marketing manager would have to be hired to spread the word and attract new miners - ? % of the fund.
50% of the fund would be used to buy established POS coins or coins with Masternode capability.
Token price and supply must be calculated. Important factor in calculation is which POS coins and Masternodes to buy.
My share in all of this. All i want to is earn more with my GPU. I present this idea into the public of how to achieve this but without programing skills, marketing and lots of miners by my side this is not achievable. That is why i need help from community to put this into work. I know there are many others just like me so please come, join, share your thoughts and lets make it work.
|
|
|
|
|
Please read the project idea. Ask anything.
Looking for a developer to modify known pool code - yaamp, nomp, mpos...
I can provide VPS, domain, Clams and miner to test things out. And of course some payment for the work.
|
|
|
|
|
The idea was born out of getting low payouts when mining with single GPU. The goal is to connect many more of us with the same problem.
By combining POW mining and POS coins payouts it would be possible to add extra income for everyone, even those with single GPU and even for those who use their CPU for mining.
How? Lets take a look at zpool.ca:
Great pool, dedicated owner, wide range of coins and lots of users with different hardware including ASICS (DIGIBYTE, LITECOIN), GPU (VERTCOIN, FEATHERCOIN) AND CPU (MAGI). This is a simple example of a pool that runs great and earns on fees. What it lacks is the ability to provide more earnings to regular miners and there are a lot of them out there. They do not have a chance to earn big because of their hardware restrictions and most of the time are pushed out of a new coin by nicehash, miningrigrentals and private farms.
Goal is to fund raise enough money to pay for building a new multipool dedicated to turn things around.
The pool idea:
For example purposes lets say we have a pool that runs on Yaamp code. There are several algos aviable and coins mined are sent to miners based on their shares when a block is found. I am using my GPU and mining on neoscrypt port. I use Dogecoin for payout (Yaamp has autoexchange option to use any coin for payout as long it is mined by the pool and blocks are found). My average daily income is 500 Doge.
Now comes the interesting part. Pool fees are used to buy Clams (POS Coin that has stood the test of time). Then these Clams are sent to Justice (gambling and staking service for Clams) where they earn stake rewards. Once a day staking profit is calculated and only the profit is withdrawn and exchanged proportionaly to coins mined on the pool. Those coins are sent back to pool and extra income is calculated and is sent to miners. I receive 50 more Doge with the same GPU and the next day even more in ideal situation(same doge and Clams price, difficulty of mined coins, staking share, pool hashrate).
Pool would need a custom algorithm to calculate how many blocks and shares each miner has done that day and award him with those exchanged Clams. New cycle begins and again pool fees are used to buy more Clams. Increasing the size of Clams staking on Justdice gives us more daily interest and miners are paid even more. Of course that award would vary given the price of Clams, staking share and miner prefered coin for payout. But generally yes, miners would earn more. This is just a example of combing POW and POS. Yaamp pool can be replaced with more efficient pool software and Clams wih more awarding coins.
Who would be in control? Found a nice example:
A simple answer here may ultimately be the best one: don’t create an entity at all. Allow the token holders to vote on the disbursement of the funds raised to develop the protocol in a decentralized governance style.
By letting the potential investors decide in creation of this idea - for now this forum will be used.
What platform will be used for ICO. I understand Ethereum is number one but maybe there are better options. For example how will the investors earn interest:
1. Pool has a fee that pays out to investors based on their token amount.
2. Pos coin or Masternode payouts are shared beetween miners on the pool and token holders.
3. Some other more advanced solution, maybe there is a pos token, dividend payout or something completly different. Lets talk about and find a best solution.
Escrow token creation. How and why would a member with no background and trust - (me) - be used for this. There are many members here on btctalk that earn money and have a good reputation for this task. We should use this and form a trust in this project from the start. Not some pictures of unknown guys and girls and website with fancy graphics. Paid service should be used as guarantee.
Who would own the pool, manage private keys, exchange API keys, VPS credentials. Again, we would need to pay for this to trusted and salary wanted people. That is why ICO is a must to provide funds to these responsible tasks.
What is needed for this pool to come to life:
VPS and domain name must be paid from the ICO fund and should last long enough until the pool starts to earn on fees.
Developer would have to be hired for creating or modifying pool code. He would also need to create the code that would be used to buy and sell POS coins and use that income to enhance POW mining - ? % of the fund.
Full time job would be offered to a pool admin or more of them - lets face it, large percent of the fund would go to them for keeping security and managing wallets, which is the hardest part.
Marketing manager would have to be hired to spread the word and attract new miners - ? % of the fund.
50% of the fund would be used to buy established POS coins or coins with Masternode capability.
Token price and supply must be calculated. Important factor in calculation is which POS coins and Masternodes to buy.
My share in all of this. All i want to is earn more with my GPU. I present this idea into the public of how to achieve this but without programing skills, marketing and lots of miners by my side this is not achievable. That is why i need help from community to put this into work. I know there are many others just like me so please come, join, share your thoughts and lets make it work.
|
|
|
|
|
The idea was born out of getting low payouts when mining with single GPU. The goal is to connect many more of us with the same problem.
By combining POW mining and POS coins payouts it would be possible to add extra income for everyone, even those with single GPU and even for those who use their CPU for mining.
How? Lets take a look at zpool.ca:
Great pool, dedicated owner, wide range of coins and lots of users with different hardware including ASICS (DIGIBYTE, LITECOIN), GPU (VERTCOIN, FEATHERCOIN) AND CPU (MAGI). This is a simple example of a pool that runs great and earns on fees. What it lacks is the ability to provide more earnings to regular miners and there are a lot of them out there. They do not have a chance to earn big because of their hardware restrictions and most of the time are pushed out of a new coin by nicehash, miningrigrentals and private farms.
Goal is to fund raise enough money to pay for building a new multipool dedicated to turn things around.
The pool idea:
For example purposes lets say we have a pool that runs on Yaamp code. There are several algos aviable and coins mined are sent to miners based on their shares when a block is found. I am using my GPU and mining on neoscrypt port. I use Dogecoin for payout (Yaamp has autoexchange option to use any coin for payout as long it is mined by the pool and blocks are found). My average daily income is 500 Doge.
Now comes the interesting part. Pool fees are used to buy Clams (POS Coin that has stood the test of time). Then these Clams are sent to Justice (gambling and staking service for Clams) where they earn stake rewards. Once a day staking profit is calculated and only the profit is withdrawn and exchanged proportionaly to coins mined on the pool. Those coins are sent back to pool and extra income is calculated and is sent to miners. I receive 50 more Doge with the same GPU and the next day even more in ideal situation(same doge and Clams price, difficulty of mined coins, staking share, pool hashrate).
Pool would need a custom algorithm to calculate how many blocks and shares each miner has done that day and award him with those exchanged Clams. New cycle begins and again pool fees are used to buy more Clams. Increasing the size of Clams staking on Justdice gives us more daily interest and miners are paid even more. Of course that award would vary given the price of Clams, staking share and miner prefered coin for payout. But generally yes, miners would earn more. This is just a example of combing POW and POS. Yaamp pool can be replaced with more efficient pool software and Clams wih more awarding coins.
Who would be in control? Found a nice example:
A simple answer here may ultimately be the best one: don’t create an entity at all. Allow the token holders to vote on the disbursement of the funds raised to develop the protocol in a decentralized governance style.
By letting the potential investors decide in creation of this idea - for now this forum will be used.
What platform will be used for ICO. I understand Ethereum is number one but maybe there are better options. For example how will the investors earn interest:
1. Pool has a fee that pays out to investors based on their token amount.
2. Pos coin or Masternode payouts are shared beetween miners on the pool and token holders.
3. Some other more advanced solution, maybe there is a pos token, dividend payout or something completly different. Lets talk about and find a best solution.
Escrow token creation. How and why would a member with no background and trust - (me) - be used for this. There are many members here on btctalk that earn money and have a good reputation for this task. We should use this and form a trust in this project from the start. Not some pictures of unknown guys and girls and website with fancy graphics. Paid service should be used as guarantee.
Who would own the pool, manage private keys, exchange API keys, VPS credentials. Again, we would need to pay for this to trusted and salary wanted people. That is why ICO is a must to provide funds to these responsible tasks.
What is needed for this pool to come to life:
VPS and domain name must be paid from the ICO fund and should last long enough until the pool starts to earn on fees.
Developer would have to be hired for creating or modifying pool code. He would also need to create the code that would be used to buy and sell POS coins and use that income to enhance POW mining - ? % of the fund.
Full time job would be offered to a pool admin or more of them - lets face it, large percent of the fund would go to them for keeping security and managing wallets, which is the hardest part.
Marketing manager would have to be hired to spread the word and attract new miners - ? % of the fund.
50% of the fund would be used to buy established POS coins or coins with Masternode capability.
Token price and supply must be calculated. Important factor in calculation is which POS coins and Masternodes to buy.
My share in all of this. All i want to is earn more with my GPU. I present this idea into the public of how to achieve this but without programing skills, marketing and lots of miners by my side this is not achievable. That is why i need help from community to put this into work. I know there are many others just like me so please come, join, share your thoughts and lets make it work.
|
|
|
|
|
Lets say we use yaamp and mine neoscrypt gun coin. Block is found and miners are paid based on their shares. Correct.
What would happen if extra gun is bought from exchange and sent to yaamp guncoin wallet main mining address. Would miners recive extra reward?
Detailed:
I mine. 4 others also. My normal 24h payout is about 100 gun. So is theirs.
But once a day a "mystery bonus" - gun bought from exchange - is deposited to yaamp. Lets say 100 gun. Will we receive that bonus. Will yaamp wallet calculate total amount of coins inside and do the payout based on shares and extra gun. Will we receive 125 gun?
Interested in building such a pool. There are many ways of extra income for that mystery bonus if it is possible to build such a pool.
Please share, lets try to build and test...
|
|
|
|
|
Lets say we use yaamp and mine neoscrypt gun coin. Block is found and miners are paid based on their shares. Correct.
What would happen if extra gun is bought from exchange and sent to yaamp guncoin wallet main mining address. Would miners recive extra reward?
Detailed:
I mine. 4 others also. My normal 24h payout is about 100 gun. So is theirs.
But once a day a "mystery bonus" - gun bought from exchange - is deposited to yaamp. Lets say 100 gun. Will we receive that bonus. Will yaamp wallet calculate total amount of coins inside and do the payout based on shares and extra gun. Will we receive 125 gun?
|
|
|
|
http://www.ispace.co.uk/our-multipoolsIt has an option to mine low difficulty coins. You also earn beezer pos coin for your hashrate. Your question is great and ispace is just an example of multipool. Please explore more and share what you have found.
|
|
|
|
I have just registered trying to rent a rig but I do not understand what is the point of doing it at current prices.
For example:
Renting a Sha256 rig cost around BTC 0.0003 TH/Day but mining calculators show that it would only make BTC 0.00016 as much.
Can someone explain why renters are willing to pay so much? How can someone get a profit out of renting a rig at 0.0003?
Just an example: New coin with some algo shows up. You rent hash and mine the hell out of a coin. You wait. Coin price goes up, you sell for more than you paid hash. Profit. Coin fails. You lose. New game. Ride the crypto waves. |
|
|
|
|
Wow.
5 dollars alpha product.
Beta $?
Working $?
Post your predictions please...
|
|
|
|
@futurebitcoins, next time don't quote a troll, so I don't have to delete your post too.
Emotions. It is hard to control them. |
|
|
|
Decentralised Cryptocurrency is Dead, but There is a Hope - IOTA Blockchain is turning from something revolutionary to just another model of the same old, rotten system. If your thought that bitcoin would democratise the financial order and will cut out the middlemen, think again. It’s not about the technology you are using: blockchain, tangle, 2x blocks, smart contracts, segwits, lightning networks, Schnorr or whatever the nerds will come up with. A problem can be solved in different ways. The issue is more profound. Satoshi’s original vision is flawed. Centralisation makes cryptocurrency obsolete If you have a very few individuals that control the destiny of a coin, what makes it different from the current monetary system? You replace the central banks with central miners. So why bother? The dream is dead The power that was handed over to the miners is the same that destroyed the idea of a decentralised cryptocurrency. The dream is dead. Any coin that manages to become a leader in the cryptospace will face the same problem, unless it gets rid of the miners. There is hope No one should be above the system or have another motivation apart of being part of it. There shouldn’t be any difference between miners and users. Every member of the whole should be equal. It can be done if you go to the root of the issue and remove the financial rewards of running the network. No rewards = no inequality. No inequality = no centralisation. Read the full article: https://coinidol.com/decentralised-cryptocurrency-is-dead/ Thank you for that. Learned a lot just by reading through IOTA pages here on forum. |
|
|
|
|
Nice tips.
Its hard for newcomers today. Before there was mining and faucets to get you involved in a coin-token.
These days its just give me money now and you will be rich tomorrow.
Dont invest more than you can afford to lose. The only way to not get burned.
If you fail. Get back on your feet, be smarter next time. You have learned a new thing. Level up. New fight.
|
|
|
|
I understand long term, however good to invest now or wait till it drops? What you think?
And never ever never take trading advices from forum guys and girls. Do your own research and then you can only blame yourself if it fails and that will make you beter trader next time. But you asked nicely so i replied. |
|
|
|
I understand long term, however good to invest now or wait till it drops? What you think?
Half of investment to buy now. Predictions are it will climb to 1.8$ today. Half of investment on 0.8$ when the hype started - partnership, korean exchange. Anyway you cant miss. |
|
|
|
Guys, you think this is not the time to invest in IOTA anymore?
I am really interested in investing into this technology. I just don't know if it is the right time. Will it fall or will it go up now?
Reading through 50 pages back i saw people are speculating - 50$. No time frame. Long term hold. |
|
|
|
|
Hi. Following this coin for some time now.
Up to now it was about finishing masternodes implementation in cryptonight algorithm. New thing. Interesting.
Why exchanges suddenly?
|
|
|
|
|
Number 7 today on coinmarketcap. Congrats.
|
|
|
|
Hello Guys,
So here we go. From a decent size miner perspective - my inputs.
It is not a secret, we miners we don't go well with devs. Mainly, bc every coin released it had a lot of pre-mined coins, sometime up to 60% or any other various fees. In the meantime, the only reason why, coins succeed is thanks to the miner community. All new coins when hit the exchanges are valued a lot, then the devs sale value go down. They profit, and we collect bits and pieces. But is us in the meantime, we mine, confirm the transactions, participate in community, create buzz. Each time believing, we are on something good. Some of us sale, some keep the coins. As for rewards, yea we get good returns in the beginning but sh...t afterwards. That is why we switch to new coins. The mining equipment cost a lot, running costs are big. There is money there, but the devs make a bigger chunk.
Personally, i don’t think my profits should go according to whattomine. Pre-determined by algo.
i remember, when panda coin came along in the first day you could do 20btc. now days with equihash f...all.
btc gold came out it gave me 2x profit on paper (now the coin is falling and i can’t transfer to any exchange bc they don’t accept mined coins yet - fuc...n jock.
It is a long time I advocate for thru miner’s coin.
this coin has a huge potential, but.
1. has to totally decentralized. every person in charge of a project must have a backup and backup need backup as well. (we know that part already)
2. no equipment that could be seized by gouvs or hack.
3. miners most be important part of your system. don’t do like Mr.Butalik did. we did make his coin great and now he would like go POS bc he cares about environment BS.
4 don’t go spent donations, and fetch for sh...y exchanges. We all know they are all crap.
Everyone in crypto will tell you what you need bitrex or polo and that is it.
You get there, when millions of miners will mine your coin, and put pression on them. people that don’t mine buy from sht ..y exchanges, at cheap price and keep coins until hits the moon. 1-2 years of waiting and your 10000$ investment will be valued at 1mil and you won’t have to work ever again. trust me is not a bad trade, just ask your parents or look at them after 40-50 years of working for nothing.
5. payments from donations for any project should be send not from zwallet but the transparent one.
6. latest ethereum fiasco - same wallet controlled or needing approval to send founds by 3 people. can we develop that it will be good for business.
7. using zwallet we can send totally encrypted messages for a small fee (obviously this app/wallet needs to be made for the phone)
We need to brain storm:
1. what to do, to keep small miner to mine your coin and smile from one ear to the other.
2. what to do, to keep the midsize from switching to other coins
My solutions are
1. steady rewards.
We all know when you mine 10 coins per day at 0.1 btc you make 1btc.
Few hours later big farm jumps in the pool (most of them are programed) mines for 5min. diff goes up and they move to other coin.
They sale your coin on exchange and don’t care about bringing the market price down. And we small miners, support and mine the coin for hours because of the high diff to collect 2 coins at half price (the price won’t go 5x because the diff is high).
Then the diff goes down and then the sh...t restarts.
You can ask any miner or pool operator in this forum and all will tell you this is the case.
ok this coin is fast 2.5min but still.
I belive we should: ban nicehash etc guys. or open ONLY official pools to give people choice. Only those pools will be able to mine this coin, and those pools won’t accept any gazillion hashrates.
Or the other option is change the diff like btc ones every 2 weeks.
I am business owner for past 15 years and this is my hobby.
Any input accepted
Totally agree... And x1000 to: We all know when you mine 10 coins per day at 0.1 btc you make 1btc.
Few hours later big farm jumps in the pool (most of them are programed) mines for 5min. diff goes up and they move to other coin.
They sale your coin on exchange and don’t care about bringing the market price down. And we small miners, support and mine the coin for hours because of the high diff to collect 2 coins at half price (the price won’t go 5x because the diff is high).
Then the diff goes down and then the sh...t restarts.
You can ask any miner or pool operator in this forum and all will tell you this is the case.
ok this coin is fast 2.5min but still.
I belive we should: ban nicehash etc guys. or open ONLY official pools to give people choice. Only those pools will be able to mine this coin, and those pools won’t accept any gazillion hashrates.
Or the other option is change the diff like btc ones every 2 weeks.
You nailed it. Congratulations. Best post in 156 fcking pages. |
|
|
|
Could you make an application auto-restart when an error occurs during overclocking? How is it done in EWBF?
Tnx you.
I think ive read that there is a solution somewhere in https://bitcointalk.org/index.php?board=160.0 Mining section. Or google it. |
|
|
|
|
Show Posts
