[POOL][CryptoNight.net] CryptoNote pool: Bytecoin, Monero, DarkNote

[cryptonight.net]

Hi!

This is a mining pool for CryptoNote-based currencies: Bytecoin, Monero, DarkNote and DashCoin. Pool is up and running. Join us with your hashpower and follow us on Twitter (http://twitter.com/cryptonight_net).

Bytecoin pool
URL: http://BCN.CryptoNight.net
Fee: 0.8% (donations: 0.2%, pool fee: 0.5%)

Monero pool
URL: http://XMR.CryptoNight.net
Fee: 0.8% (donations: 0.3%, pool fee: 0.5%)

DarkNote pool
URL: http://XDN.CryptoNight.net
Fee: 2.1% (donations: 0.1%, pool fee: 2%)

DashCoin pool
URL: http://DSH.CryptoNight.net
Fee: 1% (donations: 0.2%, pool fee: 0.8%)


Machine: dedicated Core i7, located in Europe.

CryptoNight.net topic on other forums:

• https://forum.cryptonote.org/viewtopic.php?f=9&t=586
• http://darknotetalk.org/groups/cryptonightnet-darknote-pool
• https://forum.getmonero.org/13/mining-software-and-pools/262/xmr-cryptonight-net-pool-europe-100-1st-round-bonus

Twitter: http://twitter.com/cryptonight_net

--------------------------------------------------------------

April 08, 2015: 1st block promo action - action completed

ALL REWARDS for the FIRST ROUND will be DOUBLED.

Update:

two blocks found:
at height 715050 - http://chainradar.com/bcn/block/6cdb9dcded45c99196df1398ce9e89a4617b1a1f2bd0695635634876efcc9b04
at height 715056 - http://chainradar.com/bcn/block/523d92f7faa36e7b262e3ffcc710fbf416ed1c5ce9dca57ea8016e5bc2897ca0

Bonus reward sent manually to all 1st round participants

Have a nice mining!

[1715187542]

1715187542

[1715187542]

1715187542

[Rytir_fik]

Which reward method do you use PPLNS probably... or PPS? thx

[cryptonight.net]

Which reward method do you use PPLNS probably... or PPS? thx

PPS

I was wrong. This isn't a PPS reward method. This is proportional approach.

How proportional approach works?

1. We take a block reward minus pool fee:
reward = round(block.reward - (block.reward * feePercent));

2. For each miner who participated in the round we divide the number of hashes he calculated to the total number of hashes calculated by all miners per round:
percent = minerHashesPerRound / totalHashesPerRound;

3. We calculate the miner reward:
var minerReward = Math.round(reward * percent);

Code starts from here:
https://github.com/fancoder/cryptonote-universal-pool/blob/master/lib/blockUnlocker.js#L173


What does this means for miners?

The price of one share varies between rounds and depends of pool's luck. Luck is random. However the average during several days of mining is close to solomining minus pool fee. Fees are stated above (see OP or pool's home page).

For example: shares in block BCN:715056 were very expensive (we spent 3 minutes to find it) but shares for block BCN:715318 were very cheap.
Details: http://cryptonight.net/#pool_blocks

Here is a detailed description of various payment methods:
http://www.bitcoinmining.com/bitcoin-mining-pools/

[Rytir_fik]

Which reward method do you use PPLNS probably... or PPS? thx

PPS

great. I like this one.

[cryptonight.net]

BTW: BCN price goes up after new code release ( https://bitcointalk.org/index.php?topic=1014221.0 )

XMR and XDN will be added to CryptoNight.net tomorrow.

[cryptonight.net]

Heh. No block found yet.
To speed up this process I announce 1st block promo action:

ALL REWARDS for the FIRST ROUND will be DOUBLED.

This includes also miners participated in this first round before this announce.
Bonus payment will be sent manually in several hours after automatic payment will be sent by pool software.
First round ends with first non-orphan block found.

After the first block pool will continue it's ordinary operations with low commission.

https://pbs.twimg.com/media/CCEbLzDUgAElg75.jpg:large

[Rytir_fik]

Heh. No block found yet.
To speed up this process I announce 1st block promo action:

ALL REWARDS for the FIRST ROUND will be DOUBLED.

This includes also miners participated in this first round before this announce.
Bonus payment will be sent manually in several hours after automatic payment will be sent by pool software.
First round ends with first non-orphan block found.

After the first block pool will continue it's ordinary operations with low commission.

I was awaiting the first block sooner as well. I like the speed on your pool it looks faster than minergate but I have not done any measurement it is only feeling..
Still there is not a lot of miniers.

Thanks for the promo.

[Rytir_fik]

Maybe one silly basic information which is still not clear to me is the difficulty. I have i5-2500K @ 3.3GHz overclocked to 4.2GHz with setting on -t 3? Is it rather low or mid end hardware?

[cryptonight.net]

Maybe one silly basic information which is still not clear to me is the difficulty. I have i5-2500K @ 3.3GHz overclocked to 4.2GHz with setting on -t 3? Is it rather low or mid end hardware?

It's mid or high end hardware

You can easily decide this:

1. check miner output - it prints your current hash rate and a difficulty set by pool.
2. Compare this difficulty with one proposed on http://cryptonight.net/#getting_started page.
3. Use port that is closer to your current diff.

In case you start mining with too low or too high diff pool will switch you to difficulty that is more suitable.

[Rytir_fik]

Maybe one silly basic information which is still not clear to me is the difficulty. I have i5-2500K @ 3.3GHz overclocked to 4.2GHz with setting on -t 3? Is it rather low or mid end hardware?

It's mid or high end hardware

You can easily decide this:

1. check miner output - it prints your current hash rate and a difficulty set by pool.
2. Compare this difficulty with one proposed on http://cryptonight.net/#getting_started page.
3. Use port that is closer to your current diff.

In case you start mining with too low or too high diff pool will switch you to difficulty that is more suitable.

Thank you. I use Calymore and there is not visible difficultly which pool gives you. It is visible in Wolf's miner and it was stopped around 15800 which is high end hardware  .
Thanks for explanation.

[ciklop1974]

I am in. 5Kh.

[cryptonight.net]

Hi!

Action is over. We have found two blocks:

at height 715050 - http://chainradar.com/bcn/block/6cdb9dcded45c99196df1398ce9e89a4617b1a1f2bd0695635634876efcc9b04
at height 715056 - http://chainradar.com/bcn/block/523d92f7faa36e7b262e3ffcc710fbf416ed1c5ce9dca57ea8016e5bc2897ca0

Bonus reward sent manually to all 1st round participants. PM me if something went wrong.

https://i.imgur.com/pwn1wCE.png?1

https://twitter.com/cryptonight_net/status/585884382604435456

[Rytir_fik]

I have been mining on minergate now I switch to your pool and maybe therefore I have simple questions because it is new for me. I have 2 questions.
1st what Shares/diff means on the pool website in Pool Blocks section - the percentage value?
2nd do you plan to make, if possible on this kind of pool, merge mining with MCN or FCN?
thanks.

[cryptonight.net]

I have been mining on minergate now I switch to your pool and maybe therefore I have simple questions because it is new for me. I have 2 questions.
1st what Shares/diff means on the pool website in Pool Blocks section - the percentage value?
2nd do you plan to make, if possible on this kind of pool, merge mining with MCN or FCN?
thanks.

1st: this is a measurement of pool's luck.

Shares means the number of hashes calculated by all miners during the round.
Diff - is the current difficulty (i.e. average number of hashes we need to calculate to find a block).

If Shares/Diff is above 100% - we calculated more hashes trying to find block then expected (this means "bad luck")
If Shares/Diff is below 100% - we calculated less hashes during the round and this is "good luck"

During the long period of time average luck must be around 100%.

2nd: proper implementation of merged mining requires some C++ programming. I'll come back to this task next week.

[cryptonight.net]

Several good news today:


About Bytecoin

1. during last 24h we have found 32 blocks in Bytecoin chain.

2. Pool hashrate on http://BCN.CryptoNight.net is now about 6% of total hashrate of Bytecoin network.

3. Bytecoin team released their new GUI. Still closed sources but I think it's worth a try.
   Their GUI OP: https://bitcointalk.org/index.php?topic=1018904.0


Monero and DarkNote

4. Monero and DarkNote pools are ready for operations on http://XMR.CryptoNight.net and http://XDN.CryptoNight.net. Join us!


Have a nice mining!

[Xian_XDN]

Several good news today:


About Bytecoin

1. during last 24h we have found 32 blocks in Bytecoin chain.

2. Pool hashrate on http://BCN.CryptoNight.net is now about 6% of total hashrate of Bytecoin network.

3. Bytecoin team released their new GUI. Still closed sources but I think it's worth a try.
   Their GUI OP: https://bitcointalk.org/index.php?topic=1018904.0


Monero and DarkNote

4. Monero and DarkNote pools are ready for operations on http://XMR.CryptoNight.net and http://XDN.CryptoNight.net. Join us!


Have a nice mining!

Thanks a lot. Would you be so kind to make a post about new mining pool at http://darknotetalk.org/?

[cryptonight.net]

Let me share some findings and questions about CryptoNote currencies mining comparative profitability.

The number of Bitcoins per one CryptoNight hash calculated is chosen as a profitability measure.
Here is the way to calculate it (Monero example):

Difficulty: 1102336316 (average number of hashes to find one block)
Block reward: 10.7625 XMR
Price: 0.00341429 BTC per XMR

Bitcoins per one Monero block: (Block reward) * (Price) = 10.7625 * 0.00341429 = 0.036746 BTC (per one Monero block)

Bitcoins per one hash calculated: (Bitcoins-per-one-Monero-block) / (Average-number-of-hashes-to-find-block) = 3.3335e-11 BTC per hash

The same for Bytecoin:

(48591.00 * 0.00000008) / 134552610 = 2.8890e-11 BTC per hash

or

(48591.00 * 0.00000009) / 134552610 = 3.2502e-11 BTC per hash

Looks very close to Monero level despite the fact that all the other number aren't similar at all.

The same for DarkNote:

(312.5 * 0.00000032) / 17035523 = 5.8701e-12 BTC per hash

It looks order of magnitude smaller. If you decided to skip calculations here is a chart:

http://s27.postimg.org/m7yoizif7/image.png

Several questions arise:

1st: What's wrong with XDN?

Note, that XDN in some ways is more advanced than both BCN and XMR: XDN has an embedded messaging and it has a GUI for months already.

2nd: Why BTC per hash is so close in BCN and XMR? What drives market (in the broad sense) to keep this balance?

3rd: Does this mean that miners sell all CryptoNote coins for Bitcoin (i.e. they don't keep anything)?

4th: Would the difficulty increased twice force miners to move to another chain in case of unchanged prices of both?

Here is another view on BCN/XMR price balance. Let's divide BTC-per-hash-in-BCN by BTC-per-hash-in-XMR and let's do it few times for different levels of prices of both (see table below).

One indicates the parity for a given difficulty of both networks.
>1 (blue space) - hash calculated for BCN is more expensive than hash calculated for XMR
<1 (orange space) - vice versa

http://s1.postimg.org/umuh15e33/image.png

The question is the same: what drives market to keep parity?

-------------------------------

PS:
For the first week of operations miners on CryptoNight.net have found 124 blocks.
Stay with us, join us and have a nice mining!

[cryptonight.net]

Today DashCoin pool is added at http://DSH.CryptoNight.net.

DashCoin is a CryptoNote - based coins mirroring Bytecoin code base. Not to be confused with DASH (new name of DarkCoin). Current hashrate of DashCoin is about 50Kh/s it is quite easy to find block on pool.

Join now and have a nice mining!

[cryptonight.net]

Today DashCoin pool is added at http://DSH.CryptoNight.net.

DashCoin is a CryptoNote - based coins mirroring Bytecoin code base. Not to be confused with DASH (new name of DarkCoin). Current hashrate of DashCoin is about 50Kh/s it is quite easy to find block on pool.

Join now and have a nice mining!

Short news:

1. DashCoin miners have found 2 blocks today.

2. Pool about next CryptoNote coin is added. Your opinions are welcome!

[cryptonight.net]

Today DashCoin pool is added at http://DSH.CryptoNight.net.

DashCoin is a CryptoNote - based coins mirroring Bytecoin code base. Not to be confused with DASH (new name of DarkCoin). Current hashrate of DashCoin is about 50Kh/s it is quite easy to find block on pool.

Join now and have a nice mining!

Short news:

1. DashCoin miners have found 2 blocks today.

2. Pool about next CryptoNote coin is added. Your opinions are welcome!

So far:

- 145 blocks found in the Bytecoin chain
- 33 blocks found in the DashCoin chain
- Monero and DarkNote are still waiting for miners

Technically DashCoin is very similar to Bytecoin: developers follow commits in Bytecoin repository but maintain their own blockchain started in 2014. DashCoin developers created an automatic tool that generates new CryptoNote-based currency from Bytecoin source tree: https://github.com/pmitchev/cryptonote-generator.