Ckpool Solo Setup mark 2 - An alternative

[lovenlifelarge]

I understand that but u have to remember version 2.0 usually has a few thing taken into consideration that 1.0 hasn't...

Like i think phil had worked with ck to send the coins direct to miners for a small extra fee, Which would mean he wouldn't have to be trusted with this at all..

I'm sure in the time it takes to get 10 people on board i can have the same arrangement.

Its already in my list of things for 2.0 (Takes the worry trust things out of my hands) Problem solved..

[lovenlifelarge]

ok a few ideas out there for all to see...

1. An email address has been setup - ckpoolsolosetupmark2@gmail.com - 2fa is enabled

Please pm me me here so i can check my email as i dont know how long it will take to get enough players..

This will keep chat off this forum - Better security

2. I have emailed CK to see for an additional fee (0.5) would send all winings back to each player involved, Thus taking away the payout fear (This is pending a reply form CK of course)

3. I would suggest each player would get a new gmail account, I can then create a gmail doc with everyones details in it, Payout address - email address - btc amount chipped in for - etc

4. Rounds to be done on the diff change every fortnight, On the side which will have the lowest diff of course.
This keeps the amount of times this is done down to a min.

5. The 500th buy will be spilt into 5 x 100th units run at the same time - Maximizing the chance.

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Anyone with ref codes for purchase at nicehash / westhash are free to submit here & i will use.. We can work out some sort of payment or negotiate something for this..
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Any others suggestions??

[aurel57]

I understand that but u have to remember version 2.0 usually has a few thing taken into consideration that 1.0 hasn't...

Like i think phil had worked with ck to send the coins direct to miners for a small extra fee, Which would mean he wouldn't have to be trusted with this at all..

I'm sure in the time it takes to get 10 people on board i can have the same arrangement.

Its already in my list of things for 2.0 (Takes the worry trust things out of my hands) Problem solved..

Ck made it known that he could provide a secured wallet to mine to but also  that he was not to interested in having to pay out to a lot of miners as that just makes it seem to much like a regular pool ( also not sure he wants to spend his time doing so).  Can you pay him to make payments to 5 miners for a small fee? ...most likely but I know of at least 2 other people trying to put groups together and I would think there will be a limit on how much of this ck will wants to do. The other persons problems are trust issues and not having things very well planned out, which I don't think they understands.

Picking the right person to run something like this is important and without that the "worry and trust thing" would not stop until the rental contract and any coins due to be paid out to the group is over.

Just seems to me some are ready to just rush at it without fully thinking it thru.

[philipma1957]

I understand that but u have to remember version 2.0 usually has a few thing taken into consideration that 1.0 hasn't...

Like i think phil had worked with ck to send the coins direct to miners for a small extra fee, Which would mean he wouldn't have to be trusted with this at all..

I'm sure in the time it takes to get 10 people on board i can have the same arrangement.

Its already in my list of things for 2.0 (Takes the worry trust things out of my hands) Problem solved..

After I hit the 2 blocks in and had 50 coins.  I dished out 45 coins to 9 miners.



I made arrangement for the next round to have ck give us a mining address. And he would dish out the coins. (for an extra fee) .

  Then the forum crashed so I decided I did not want to do this anymore. I went with the quit while you are ahead method.

I know ck told me he did not want a lot of miners in the pool in each round (10 or less).  We agreed to that but never went any further due to the forum hack.







In principle the idea is nice but when you do the work it is hard.

 Part of the reason the idea worked was I never paid a lot to hash as  I sat on the  2 sites West-Nice  and paid very low rates.
BOTS are good when you sleep but when you monitor on your own it is better then the bots.
I ran 20.5 btc in 3 rounds  and 7 btc with aurel57 at first  a grand total of 27.5 coins.
I never paid more then 0.0105 a th many times as low as 0.0095 a th.  this means more hours minings giving a better chance to hit.
The biggest problem other then dealing out the coins is keeping costs down. I did this by giving a lot of free labor.

[lovenlifelarge]

aurel57 - U didnt read back enough, I did say that i had contacted ck about paying direct, Although i think phil said that ck may not want to do that...

But i did say i contacted him (Emailed Him) to see wheat his response would be & i haven't had an email either way to say yes or no at this stage..

But that would cover the payout if he does.....

If he doesn't then back to the drawing board (and newt time i have an idea ill just shut up)

[lovenlifelarge]

Guys i understand some of u were involved in the last one & some of u not.... I also understand that something went belly up with the forum here..

If u have a concern or a problem state it out - So we can all work on it together rather than just dwell on the fact the forum was hacked / hdd drive failed..

If im going wrong at points - point them out... & it doesnt matter weather ur in or out... Don't u wanna make the forum here safer, More trust worthy?

Its in everyone interests on this forum to make things safer, get rid of the scammers, Show (Outside) People that there can be trust in this system...

For without it its doomed to run low numbers...

(I'm going to generalize here)

Why does the court system work??  Cause people trust it...

Why does currency trading around the world work?? Cause people trust it??

Why does everyone seem to wanna work against each other... With the prices some people are quoting for next year everyone with as little as 1.0 btc should be doing good...

This forum was built to make things easier & safer with the community helping along the way...

Isnt it time that happens rather than everyone working against each other??

[ezeminer]

Guys i understand some of u were involved in the last one & some of u not.... I also understand that something went belly up with the forum here..

If u have a concern or a problem state it out - So we can all work on it together rather than just dwell on the fact the forum was hacked / hdd drive failed..

If im going wrong at points - point them out... & it doesnt matter weather ur in or out... Don't u wanna make the forum here safer, More trust worthy?

Its in everyone interests on this forum to make things safer, get rid of the scammers, Show (Outside) People that there can be trust in this system...

For without it its doomed to run low numbers...

(I'm going to generalize here)

Why does the court system work??  Cause people trust it...

Why does currency trading around the world work?? Cause people trust it??

Why does everyone seem to wanna work against each other... With the prices some people are quoting for next year everyone with as little as 1.0 btc should be doing good...

This forum was built to make things easier & safer with the community helping along the way...

Isnt it time that happens rather than everyone working against each other??

It is just a huge trust issue tho.. You hit a block, with other people. You then have roughly $6,000, and every accumulating blocks adds roughly $6,000.

Say -ck holds it, that's alright then. You also would have to collect funds, you were saying 500th, for a day thats roughly 5BTC (+/-) or about a $1,000.


It is mostly based on your rep here. Philip pulled it off easily because he had a long standing connection to the forum.

Ever since the forum was hacked, security is the number one issue. It has always been the same with anyone transacting with bitcoin.

I'm not trying to harsh on you, but all your examples have also been around for a while. (and proven to work for the most part)

[-ck]

There is still one phase of the trust equation here that will entrust coin to ezeminer and that's the initial rental fee being entrusted to him (say it's 5BTC). There is no way around that aspect but at the very least putting up their BTC shows some element of trust. If you only have 5 or so users I don't mind being used as escrow for the fee described. What I would suggest is the following:

We call my fee 2% since you offered 0.5 as the final extra donation. In the following example 5BTC is used to mine with.

1. Coordinate amongst yourselves who are the 5 miners to be involved - don't start the process till you know you have enough people.
2. Once you know you have enough people, each person emails me in private and in response I'll give them a unique address to send their initial funds.
3. Each person sends me their 1/5th +2% contribution so 1.02 BTC each to the unique address I gave them in (2) and emails me the transaction ID and their return/receive address which I will store and cannot be changed after this time.
4a. Once I have received all funds I'll release the mining BTC to the coordinator so 5 BTC and will keep the 2% as fee.
4b. Should not enough people get funds together I return the funds to each miner, minus the 2% from each.
5. I provide the coordinator with a mineto address.
...
profit
7. I distribute any block rewards to the addresses I personally received in private -0.4 BTC for the first block and -0.5 for 2nd and subsequent blocks.

This would be too labour intensive for more than 5 people to make it worth it.

[notlist3d]

There is still one phase of the trust equation here that will entrust coin to ezeminer and that's the initial rental fee being entrusted to him (say it's 5BTC). There is no way around that aspect but at the very least putting up their BTC shows some element of trust. If you only have 5 or so users I don't mind being used as escrow for the fee described. What I would suggest is the following:

We call my fee 2% since you offered 0.5 as the final extra donation. In the following example 5BTC is used to mine with.

1. Coordinate amongst yourselves who are the 5 miners to be involved - don't start the process till you know you have enough people.
2. Once you know you have enough people, each person emails me in private and in response I'll give them a unique address to send their initial funds.
3. Each person sends me their 1/5th +2% contribution so 1.02 BTC each to the unique address I gave them in (2) and emails me the transaction ID and their return/receive address which I will store and cannot be changed after this time.
4a. Once I have received all funds I'll release the mining BTC to the coordinator so 5 BTC and will keep the 2% as fee.
4b. Should not enough people get funds together I return the funds to each miner, minus the 2% from each.
5. I provide the coordinator with a mineto address.
...
profit
7. I distribute any block rewards to the addresses I personally received in private -0.4 BTC for the first block and -0.5 for 2nd and subsequent blocks.

This would be too labour intensive for more than 5 people to make it worth it.

What is a respectable amount that makes it worth your time for lets say 10 people instead of 5?

[-ck]

What is a respectable amount that makes it worth your time for lets say 10 people instead of 5?

I guess 4% would make it nice round figures and put it on par with mining on the current most popular PPS pool. But no more than 10 people...

[supertee]

If it's handled like this, I am in.

edit: How about two coins each?

[notlist3d]

If any big groups want to take advantage of it.  I do have a referral code to Nicehash that I would happily give half of it to big orders that would come out to be “0.075% of order amount spent” from each order.   You do have to be a new account to sign up under my referral.

For big rental's might be worth looking into.

[Mikestang]

It's a neat idea, but I'm not to crazy about the whole "group solo" mining thing.  You're basically running a pool inside a solo pool.  Since Ck doesn't seem to mind then it's a non-issue I suppose, but all in all I'm not a fan.

[aurel57]

It's a neat idea, but I'm not to crazy about the whole "group solo" mining thing.  You're basically running a pool inside a solo pool.  Since Ck doesn't seem to mind then it's a non-issue I suppose, but all in all I'm not a fan.

I do like it if you have the right people that you trust. It allows a group to size the risk to reward as you want, and have some fun doing it together. Depending on luck you can come out a nice winner (or a loser) as we have seen a few have some insane luck. But I guess for me it's a way to scratch that gambling itch some.

[notlist3d]

It's a neat idea, but I'm not to crazy about the whole "group solo" mining thing.  You're basically running a pool inside a solo pool.  Since Ck doesn't seem to mind then it's a non-issue I suppose, but all in all I'm not a fan.

Why are you against it?  I think it's a neat idea to spread the risk between people allowing more mining time.

[Mikestang]

I just don't like grouping up in a solo pool, it goes against the definition of "solo".  Basically the participants are running their own pool inside the solo pool architecture.  I ain't losing any sleep over it, though.

[philipma1957]

I just don't like grouping up in a solo pool, it goes against the definition of "solo".  Basically the participants are running their own pool inside the solo pool architecture.  I ain't losing any sleep over it, though.

well for a lot of miners summer is here.  My rates jump this monday from 13 to 16.9 cents  add in 1.1 cents for cooling and I am at 18 cents until oct 1.  this means no in house mining since an s-5 earns about 3usd in the next 50 days.

I have a small setup in a friends office 3 s-3's  at 3.5 cents.

other then this no mining for the next 4 months.   I can spend 2 coins a month for the next 4 months.  total of 8 coins I do not want to mine solo since  8 coins is meh. 

 but with 5 trusted people it becomes 40 coins  much better chance at a block or 2.

[Mikestang]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

[notlist3d]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

[page14]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.