Hey DPoS, thanks for your support! I'm the lead dev at DirectPool.
Sure, it seems like a good time for a pool like this with so many miner companies also running pools it would be best if miners took the lead and get those mining companies to mine in a community pool instead of their own
perhaps this could lead to that - god knows they got so much goodwill from pre-orders they should turn around and give back into the ecosystem
+1! my questions are mainly technical.. perhaps they can go in a FAQ once they are ironed out:
1) Voting. Will votes be weighted by hashing power? If not, what will stop someone from making many small accounts to game the system that way? Is there a middle ground so small miners don't feel insignificant but also big miners not feel rewarded?
Voting will be a fair-based system. Every miner will have equal voting power and will be able to vote once. We will be implementing a system where a miner can only vote once they've mined for atleast 48hrs minimum on DirectPool. 2) Is the pool prepared for DDoS attacks? I know it is early, but they can really cripple a site and having miners leave in droves if defenses aren't in place
Pool is prepared for DDoS attacks and we have steps in place to ensure stability during DDoS attacks (this was tested today with success). 3) How are the payouts calculated.. again it's early since no blocks yet, but is it CPPSRB or PPLNS? Or something else?
Payouts method is PPLNS. Let's get the word out and see if we can get past 6Th over the weekend... then we might get a block by end of April!  We're definitely working on it! EDIT: Will add this info to the FAQ page shortly. x3 |
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Let's consider eleuthria's point for a moment. What if every other pool besides DirectPool happened to shut down at the same time? Is there a novel value add that DirectPool hasn't mentioned that would "prevent" this 51% type attack from happening?
That's a bad unrealistic scenario. In a more realistic scenario however, it is important for various different pools to co-exist. But to keep the bitcoin network "healthy" it's also important for the hashrate distribution to be more spread out. My second point aims directly at "community-first." If your pool was truly community first, why not donate 100% of fees to charity? I'll assume that you choose to use the "nobody can work for free" counterpoint. Why not just make a charity donation website? It would at least save you all the work of running the pool, and you get to serve the community at the same time. I can think of other ways that you can serve the community directly that do not involve the costly work of running a pool.
Bottom line: I think that finding a way to automatically donate to charities is great but this does not change the fact that every news article I've read is a complete sharp angle that leads to just another pool. If you're going to attempt to convince me to mine somewhere, it's going to take more than a display of noble intentions and an empty promise of network security.
You're missing the point. DirectPool isn't begging for donations. DirectPool is an initiative, in collaboration with the BBA, to use any funded donations (donated by miners at their own will) at DirectPool to be used to fund worthy digital currency projects (again, more on that will be posted up soon). We believe that if the mining community is going to be donating to a pool then it should count for something more. @Delarock, I would urge you to however begin your own charity website and if you'd like to collaborate with us for some possible help, just msg away! x3 |
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DirectPool wants to further prevent any possible future 51% atks by giving miners a choice to join DirectPool which we believe is a stable and secure mining pool. It's administered by active admin as well. By redistributing higher pool hashrates over to DirectPool, you'd be preventing the bigger pools from getting too big.
This is a fundamentally flawed argument. You will never, nor will any pool, ever prevent a 51% attack again. We're very close to private entities [ASIC manufacturer farms, giant ASIC warehouses, and "cloud" mining services] controlling > 51% of the hash rate already. It is NOT possible for a public pool to hit 51% ever again unless every other pool vanished off the internet simultaneously. EDIT: Exception here possibly being ghash.io. Though they are majority private speed from their cloud mining service, so I have a hard time calling them a public pool. "We're very close to private entities [ASIC manufacturer farms, giant ASIC warehouses, and "cloud" mining services] controlling > 51% of the hash rate already." IF what you said comes true then you are most likely correct that 51% will more than likely never be achieved by a public pool. We will just have to wait and see how the upcoming ASIC hardware shifts the balance between public and private miners. However, DirectPool is here to provide a reliable Bitcoin pool where miners can trust to have their miners run on. Main reason, I'll say it again, behind the initiation of DirectPool is to fund worthy bitcoin related projects with any donations collected at DirectPool. We're collaborating with BBA to keep every donation made transparent. Essentially, it'll be the miners who decide where the donations end up at. A lot more on this will be posted up at directpool.net soon. x3 |
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I came across an article on CoinDesk about this with the title "DirectPool Aims To Prevent 51% Attack with Community-First Mining Pool Approach."
I read the article, and something is missing.
I come here, do a little research, and there is still something missing.
I need someone to explain exactly how DirectPool aims to prevent a 51% attack on the network. More specifically, what is different about DirectPool that would mitigate the risk of a 51% attack on the network?
Additionally, I am having a lot of trouble comprehending the "Community-First" aspect.
As it stands, all I see is another pool to point your miners at. I fail to see any sort of value add. Quite honestly, I fail to see any way DirectPool aims to prevent a 51% attack and I fail to see any way they are putting community first through their pool.
Hey, these are some good questions that needs to be answered. Okay, I'll layout some of the key benefits I see from directpool 1) Donations from hash power is going directly to BBA ( Bitcoin Business Alliance ) What is BBA? Homepage: http://www.BitcoinBusinessAllianceA two year old foundational group that has grown Bitcoin to where its out today, lots of known faces in the community. ) 2) The miners will vote and decide where those funds go to (the voting poll I heard is being worked on) I.E: Seans OutPost, Red Cross, Breast Cancer Awareness, and/or funding bitcoin (and digital currency) related projects. 3) There was close calls many times from two of the major pools that had 51% attacks, and directpool is the solution to future bitcoin network problems. The major reference point was when two of the major pools almost tipped the network over on [reddit /r/bitcoin about 1 year ago] http://www.reddit.com/r/Bitcoin/comments/1bq4ia/for_the_love_of_bitcoin_stop_mining_at_btc_guild 4) Direct pool is taking lower fees than your avg pool in the industry: 1% is going to directpool, and your worker's donation % going to funding digital currency projects & good causes. So fundamentally, you can now easily make a choice. They are offering some specific 'focused' benefits. Thanks for your support for dp. Please keep in mind that I am in no way against btcguild. In fact, I like how Eleuthria runs his pool and he's a well known member of the bitcoin community and has been for a long time. Just as him, I appreciate LukeJr, whizkid and many others for their commitment to the bitcoin community as well. DirectPool is taking a new stance at the way bitcoin pool should run in our opinion and that is that we need to be giving back to the community that made us. Why i joined dp was only because of the giving back initiation. That is something I'm proud of for being a part of and hope other pools will be encouraged to do something similar. x3 |
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I need someone to explain exactly how DirectPool aims to prevent a 51% attack on the network. More specifically, what is different about DirectPool that would mitigate the risk of a 51% attack on the network?
Additionally, I am having a lot of trouble comprehending the "Community-First" aspect.
DirectPool wants to further prevent any possible future 51% atks by giving miners a choice to join DirectPool which we believe is a stable and secure mining pool. It's administered by active admin as well. By redistributing higher pool hashrates over to DirectPool, you'd be preventing the bigger pools from getting too big. Main purpose of DirectPool that I think the article at CoinDesk could have covered a lot better about "Cummunity-First" is that DirectPool wants to help the Bitcoin Community and that's where BBA comes in to the picture. BBA has some very well known names that will be supporting this project. ALL donations goto funding charities and worthy digital currency related projects. Miners will vote and choose which projects should get the fundings. (More on this coming soon) x3 |
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Your site is loading faster, thanks! are you guys working on any more pools to add to directpool??
np, yes we're working on a litecoin pool. It will also be running on a modified eloipool backend software. More info will be posted soon x3 |
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//Update Dev team cleaned up junk coding to make the website load a lot faster. Thank you to everyone that's supporting directpool. Please post here if anybody has any suggestions for us to consider. Congratulations on getting up & running! Any plans to introduce more merge mined coins? This will help bring in the crowds  Thx IYFTech. Currently the pool will stay NMC merge only (we might change that in the near future) x3 |
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Thanks, updated. |
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"funding bitcoin related projects" is rather vague. What if the owner has a project and funnels all the BTC to himself? I'd rather see it go to an established organization and that organization be mentioned upfront.
You're absolutely correct. And that is where BBA comes. They will handle all the donation funds. Also from what i know, DirectPool will have BBA accept applications by any bitcoin related startup or project/company looking for funds. Then BBA will review each of them carefully before putting up a Poll on DirectPool.net. About 3 or 4 companies will be on that Poll and it will be the MINERS who will decide who gets the funding, not the pool operators. This is why i love this project. Miners will vote for the bitcoin project they feel is worthy the most and that company will get fundings. You are right, thanks. |
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Your pool is looking really great. I love the layout!! I've posted the press release from your website here https://bitcointalk.org/index.php?topic=515834.0 I wasn't expecting this..so I have to say that i'm surprised that you guys are working with BBA to raise donations through this pool to be used for funding bitcoin startup projects... that's really good and noble in my books. Wish you all the best!! and will support you with your pool with my miners.  Hey thanks! We are collaborating with Bitcoin Business Alliance (BBA) ( http://bitcoinbusinessalliance.com) to handle any donations collected by directpool to be handled by them. The plan is to have them accept applications from bitcoin startups looking for funds and if BBA decides that they are worthy enough, they will be put up for a voting poll at directpool.net website. Where miners will decide who the most worthy project is to be funded. A lot more information on this will be released in the coming weeks. Please support the pool with your miners especially if you are concerned about not enough redistribution of the total hashing power of bitcoin network. Thanks everybody who is involved in this project and to those who will join us!! x3 |
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If you haven't already done so, you should inform Organofcorti of your new pool for his list.
That being said, is there public access to the stats? I'll likely sign up, but I wanna have a look see first.
I have informed Organofcorti. Basic stats are now visible on the signup/registration page. Opening thread post has been updated. https://bitcointalk.org/index.php?topic=472122.msg5211811#msg5211811Directpool is now fully functional and officially launched! Please join and support us. x3 |
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Hey organofcorti,
Directpool.net pool fee is set to 1% and it is now officially out of beta phase. Please change from 0% to 1% pool fee, thank you!
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Hi, You don't have any public facing stats for your pool? Hi, currently we do not offer that. We are in the beta phase but in the near future we probably will have some stats shown on the registration page. Thanks You're added. Thanks for setting it out in order like that - it's so much easier to add to bbcode tables if it's in order. Let me know when you change to 2% and I'll update the entry. Thanks! I will update you once the beta phase is over and the fee is at 2%. Tomorrow I will be adding some pool stats to the landing page. |
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Hi, You don't have any public facing stats for your pool? Hi, currently we do not offer that. We are in the beta phase but in the near future we probably will have some stats shown on the registration page. Thanks |
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Getting Started InformationPlease register at https://directpool.net and find the ‘Getting Started‘ tab to the left sidebar. Quick info:- Host: btc.directpool.net:3333
- ID: Username.Workername
- Pw: WorkerPassword
cgminer -o stratum+tcp://btc.directpool.net:3333 –u Username.WorkerName -p WorkerPassword Thanks and Enjoy! https://directpool.net
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Website - https://www.directpool.netHi everyone, Today, we are officially launching Directpool after rigorous testing and would like to welcome all miners. Directpool is the next step for a bitcoin mining pool. Directpool is not only a extremely stable and reliable pool but also a way to give back to the bitcoin community. The main goal behind starting Directpool was that we wanted to give back to the Bitcoin community as that is the key to the future of Bitcoin itself. We have taken the initiative to fund Bitcoin related projects through any donation that may be collected at Directpool. Directpool is collaborating with Bitcoin Business Alliance (BBA) to work out a structure to handle the donations for worthy bitcoin related projects. Essentially, it'll be the miners that will decide who gets the funding. More information on this will be provided in the very near future. DirectpoolWe are using a modified version of Eloipool backend software (thnx LukeJR & Whizkid). Directpool is capable of handling even the largest of the Bitcoin mining farms - no matter the size of your hardware. The pool is running on private dedicated servers and under watch of a security admin to keep things smooth and moving. We take security extremely serious at Directpool to ensure that the miner's info and pool funds stay safe at all times. Server Features- Backend: Modified Eloipool
- Stratum Protocal: A stratum connection is very efficient, there is less bandwidth and fewer invalids/rejects.
- Vardiff: Difficulty automatically adjust based the speed of your hardware.
- Merged Mining: Take advantage of earning NameCoin (NMC) while you mine Bitcoins.
- Payment System: PPLNS payment method for both Bitcoin and NMC.
- PPLNS: The Pool fee is 1%
- Notification: Receive email notifications for idle workers.
- Payouts: Full Satoshi payout for precise withdrawals up to 8 decimals to transfer into your wallet for On-Demand/Manual payout. Automactic payouts available as well.
Website Features- Fresh designed Web and Mobile Interface to best display stats that are important to miners.
- Fully integrated SSL connection.
- DDoS protection
Please join us on our freenode IRC channel (#directpool) or by contacting us through our “Help“ widget on our website. Thanks and Enjoy! https://directpool.net
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Hi.
Anyone on ubuntu wallet? Is it working for you?
I can't get mine to work.
what distro version are you using? |
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lucky the coin acutally hasn't been out that long. so there shouldn't be that much in exsistence
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