BTC.com Launches New Open-source Mining Pool with Zero Mining Fee!

[BITMAIN]

BTC.com has launched an open-source bitcoin mining pool and is charging no mining fee until 2017.

With the launch of this open-source mining pool, the BTC.com team hopes to set new technical standards for mining pools and remove barriers that limit the efficiency or ease of mining pools.

To ensure stability and efficiency, the BTC.com mining pool has been tested for upto 180,000 miners (or workers) by using software simulators that replicate the load of real workers. If each worker is assumed to have the hashrate of an Antminer S9, that would make the total hashrate of this simulation more than that of the entire bitcoin network.

The BTC.com pool has many firsts for any mining pool:

1. A “PoolWatcher” function to “listen” to other mining pools for newfound blocks and starts mining at the next height after a block has been found on any pool. This reduces the number of orphaned blocks and increases the productivity of the pool.
2. A “BtcAgent” software that allows mining farm owners or miners with multiple workers to view every worker in their LAN on the mining pool. This software can be downloaded from GitHub, like the rest of the BTC.com mining pool source code.
3. Users can see the real-time stats on the pool immediately after connecting their worker. This eliminates the long wait to see the stats of your new worker on the mining pool.
4. Payouts are calculated almost instantly.

To reduce latency of newly mined blocks and increase robustness, the BTC.com mining pool has independent server clusters in China and USA with more clusters planned for Europe and North America.

Users accessing the new pool website from outside China will be automatically re-directed to the US server cluster. Because of this the hashrate shown will be significantly lower than the one shown in the above screenshot (which was taken form a PC inside China) because the hashrate charts for both clusters have yet to be merged. The two charts are expected to be merged within a month.

The BTC.com mining pool has a full-feature mobile app available for download from App Store as well as Google Play store. This app also allows users to manage their miners by creating groups, deleting inactive miners and sorting their miners.

Besides zero mining fee until 2017, BTC.com is also offering a 1% subsidy to every new user within first 3 months of its launch, provided the user maintains his/her hashrate for at least one month.

The BTC.com pool will offer rewards based on pay-per-share (PPS) and, after 31 December 2016, charge a fee of 1.5%, among the lowest in the industry.

Bitmain hopes that the open-source BTC.COM mining pool will set new benchmarks in terms of stability, efficiency and service for all mining pools and, by helping other developers around the world to develop mining pools using BTC.COM’s source code, further promote decentralization of the bitcoin mining network.

The pool website is pool.btc.com and the source code is available on GitHub at: https://github.com/btccom/btcpool

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[kano]

...
The BTC.com pool has many firsts for any mining pool:

1. A “PoolWatcher” function to “listen” to other mining pools for newfound blocks and starts mining at the next height after a block has been found on any pool. This reduces the number of orphaned blocks and increases the productivity of the pool.
...

SPV mining.

Looks like I need to track down your watcher and block it ...

...
The BTC.com pool has many firsts for any mining pool:

3. Users can see the real-time stats on the pool immediately after connecting their worker. This eliminates the long wait to see the stats of your new worker on the mining pool.
...

That's not a first.
It's available on CKPool ... and has been for ages.

... and is charging no mining fee until 2017.
...

Besides zero mining fee until 2017, BTC.com is also offering a 1% subsidy to every new user within first 3 months of its launch, provided the user maintains his/her hashrate for at least one month.

The BTC.com pool will offer rewards based on pay-per-share (PPS) and, after 31 December 2016, charge a fee of 1.5%, among the lowest in the industry.
...

0% PPS has an expected lower reward than 0.9% PPLNS

PPS has become the poor-mans reward since before the last halving.
Transaction fees now average over 2% of the block reward for pools that don't SPV mine and don't create empty blocks.

So any PPLNS pool charging fees below 1% and having orphans below 1% is expected to reward greater than a zero fee PPS pool.

[jonnybravo0311]

Congrats on launching your new pool.  Unfortunately, it's another SPV pool that will create empty blocks.  Also unfortunate is that it's PPS.  

I do like the architecture (using Kafka queues) - a project I just worked on used Kafka as the message broker.

I just wish you guys would realize the value and importance of actually having transactions in your blocks.  This becomes even more apparent as the block rewards will continue to be cut in half.  As kano pointed out, right now transaction fees represent about 2% of the block reward.  That value will only increase.  Assuming equal luck, a PPLNS pool paying transaction fees and charging anything less than 3.5% (after  your promo period ends) will always beat your pool payouts.  Yes, you're offering a promotion of no fees and a 1% subsidy until the end of the year, but that's not the norm for you.  After the end of the year, you'll charge 1.5%.  It's a good thing you've got a pretty hefty-sized wallet backing this .

Good luck with your pool.

[yslyung]

the pool/site is broken, don't seem to work.

nice interface (clean) but the worker creation, instructions, guide are not user friendly & confusing !

yeah, spv mine no good. hope to see some improvements.

[shield132]

What a good news for miners, this website is owned by Bitmain if I amn't wrong because I see bitmaintech's url in About Us.

Bitmain now your team has 2 pool? BTC and antpool? Or are you going to unite this two pool and make 1 great pool? It's a good idea mining with zero fee in your pool and it will bring you more miners at first but now see what will be in future, if it also will become great pool than it would be really great if antpool and btc pool will unite but I can't understand why are you doing this different pool but I think it's for marketing and to test new development.

[tbonetony]

What a good news for miners, this website is owned by Bitmain if I amn't wrong because I see bitmaintech's url in About Us.

Bitmain now your team has 2 pool? BTC and antpool? Or are you going to unite this two pool and make 1 great pool? It's a good idea mining with zero fee in your pool and it will bring you more miners at first but now see what will be in future, if it also will become great pool than it would be really great if antpool and btc pool will unite but I can't understand why are you doing this different pool but I think it's for marketing and to test new development.

it feels like brand proliferation, or maybe just another testbed for experimental development stuff like you said.