This is a thread to discuss the pros and cons of starting and running a Group Buys Forum specific Mining Pool.
bobsag3 is willing to pay for the domain name and hosting fees, as well as care for the GB Mining Pool server itself. We also seem to have quite a bit of software support with an amazing amount of software programming skill diversity for something like this within our own co-op.
In return, we'd have our own zero fee Mining Pool that will be tailored for Group Buy Coordinators and Group Buyers (as in everyone has their own dashboards for their own miners). Group Buy Coordinators/Organizers who chose to use this GB Forum Pool would benefit from zero fee mining pool services and our co-op's resources and willing programmers.
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Please discuss your concerns or interest in supporting such a GB specific Mining Pool. Also, please provide suggestions that may help with things like: security, anti-DDOS measures, maximizing payouts, etc., etc.
Of course: we can have failover pools elsewhere but it might be nice to have a mining pool to call our own as a primary mining pool option, with all of the advantages and benefits that can be associated with it if it's tuned/tweaked just for us.
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I can likely pledge our co-op's entire hashrate to this if there's enough interest, which is currently at 8.2-11TH/s total ordered miners, and accounting for overclocking above nominal hashrate. That: combined with -Redacted-, bobsag3 and if all his customers signed on, we'd likely be up to about 30-40TH/s right there, as the start of a GB specific Mining Pool.
Please keep in mind that the Bitcoin protocol is meant to be decentralized, and not centered in a handful of giant pools with all the risks of 51% attacks that could entail.
Thoughts about the whole concept?
Cheers,
DZ
Based on my pool use at bitminter and cex.io you need 5% - 10% of the network to be any good.
so we need to handle 210th minimum or variance sucks.
clock bitminter clock cex.io and see what I mean.
As a complete aside.
I like the idea of a pool that is usa based.. I am usa based and if BTC becomes a fully legit product paying taxes would be a lot easier to do if all my action is usa based.
I know lots of people don't want to pay the tax man, but I ask you if you make 10k in a year and give 1.5k to Uncle Sam with no worries isn't that a lot better then wondering if you get found out because you did not report. I did my return for last year and I report all income Some of my btc was overseas and it made my return harder to do. I mined at bitminter last year. So they are in the Netherlands making my return a little hard to do. If I am all usa based My tax returns would be easier.
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