Bitparking PPCoin Pool [closed]

[doublec]

For passing on PoS rewards to users, I was thinking you could allow them to set a PoS balance value/% which will lock up that amount of coin for use in PoS, then you pay out PoS blocks proportionally based on these balances?  But seeing as the reserve balance feature is a config item and ?not dynamically settable? this may not be possible?

Setting the reserve balance does not change the ppcoind coin selection aglorithm. So even if I dynamically set the reserve to the level of the sum of all users selected reserves, withdrawals can come out of the high coin age balances unfortunately.

[cunicula]

Yes moving funds resets the time. I'd be more inclined to add proof of stake incoming earning to the exchange first. An interesting approach would be a "proof of stake pool" which would really be an online wallet but optimized for ensuring fund movement minimizes effect on coin age.

A simple and effective way of doing this is just dividing the coins across separate wallets. The larger volumes you are dealing in the more wallets you would want to use.

Say you choose ten wallets, order them in terms of priority, 1, 2, 3, ..., 10.

Divide your current stock evenly across the 10 wallets. When you payout, use wallet 1 first, and then move to wallet 2, ...

When coins come in, allocate them across wallets in order to maintain a target ratio of 10% of coins in each wallet. i.e. usually you add to just wallet 1, but if the allocation in wallet 1 exceeds 10%, then divide the coins evenly across wallets 2-10.

All the bitcoin online wallets should be doing this anyway, so they can keep say, wallet 1 as a hot wallet, wallet 2 as an offline wallet, and wallets 3-10 locked in a safe.

How frequently the wallets need to come online to mine depends on how predictable inflows and outflows are. The less predictable, the more frequently you should bring wallets online to mine stake.

[doublec]

The was a few minutes downtime just now while I restarted ppcoind to work around the memory leak.

[pyra-proxy]

Have you considered making this a merge mined pool as well since it sounded like from other posts you could do merge mining with this coin as well so long as it is the primary coin?  Could prove interesting and I'd like to try that out for a little while at least depending on how pp matures.

[doublec]

There was a pool restart a few minutes ago to work around the ppcoind memory leak.

[doublec]

ppcoin restart in progress to workaround memory leak in ppcoind.

[doublec]

Pool was down for a bit due to ppcoind running out of memory.

[doublec]

There's been some server instability over the last few hours due to a large number of individual miners connecting. I've made some server adjustments and will be monitoring it.

[pyra-proxy]

Here comes suggestion to pool owner:

Increase fee to 4 or even 5%

Bitparking is the only pool where one can easily mine 4 different coins simultanously! I totally doubt miners would complain if you would
use extra money earned from increased fees to improve stability of server or whatever else is causing dropouts. Heck, maybe you get enough
money to add Terracoin or some other currency to those 4 you already support!

I can help you with designing killer-looking but low resource consumption website if you decide to upgrade the look of current one, which IMO
would get you more miners.

I have a sneaking suspicion that doublec has more than enough skillz (that's right with a 'z' :-) lol) to create a pretty awesome site, I just suspect he opted for simplicity (see mr. doublec's tech blogs etc. he seems very technically knowledgeable)  As far as the fee is concerned, that would not be beneficial as the competition for pool members is pretty intense and his pool while offering the gold standard in alt coin merge mining still sadly has only 1 card to compare for most miners and that is BTC.... so he could at this point compromise and say make BTC 0% or very low % while upping the % fee on the alts to make up some of the difference but that's up to doublec and how he wants to get fair and proper payment for his outstanding pool (which I will hit with asics as soon as they ship :-) which should be interesting to see given the relatively low hash rate of some of the merged alts...)

[EskimoBob]

Down for 2 days? 

[doublec]

The pool is currently down and I'm investigating why it's failing to restart. There was an issue yesterday when a miner with thousands of clients joined caused performance issues which may be related.

[EskimoBob]

Down for 2 days? 

It's working for me but has occassional few minutes dropouts.

Interesting. All I get is

502 Bad Gateway
nginx/0.7.65

from webbrowser and cgminer too tells me it's dead too
 

[bruj0]

I just pointed my miner at the pool with d=8 does the user stats page reflect the multiplier or is that the amount at standard pps?

[ninjaboon]

I've been trying your ppcpool as my backup one was offline. Then I tested the withdraw button for some coins and it works! Kudos to the pool owner.

[doublec]

Pool is down for some maintenance.

[doublec]

Pool is back online.

[sangaman]

Seems to have been down for the last few hours, any info about when it might be back?

[doublec]

Thanks it's back. Sure would be nice if the ppcoin memory leak could be fixed...

[billotronic]

Help Help, newb forgot how to mine!

Sir,
I am having an issue and I am not sure where to begin. Picked back up mining ppcoins with you and my workers are registering MH/s  (28-30ish each) but are not showing any payout. GUIminer is showing accepted shares and a few invalid. I am at a loss on what the problem is.

Anyone have any suggestions on where my problem may lie? I am at a loss.

Thanks!

[billotronic]

Yeah so it turns out I am a forgetful idiot and the issue was uber simple and now solved.

Kudos to doublec for not making fun of me for such a simple mistake.