tl;dr If you are over 500Gh and want to mine with 0 fees on a pool that is very stable and proven email me at james at gigamining dot com
Bitcoin miners,
To date we’ve seen pools being DDOS’d, overburdened by botnets, hacked to steal miners coins and taken out of service because of the lack of fees and up keep.
I’d like to offer a solution to these problems. VPS / Gigamining & LiquidBits have joined up to run our own private pool. This means we do not share the URLs to the service with the public so that we can protect it and mine in peace. Keeping the pool private also allows us to:
- Mitigate DDOS attacks before they happen
- Not worry about large botnets crashing the pool
- Limit the influx of new miners when the price of Bitcoin rises
The infrastructure is fully redundant at every server level and uses the latest mining protocol to make sure your mining experience is top notch and RELIABLE. Let me be clear, bitcoinds can be updated without downtime, stratum servers can be updated without downtime and the service is ready to scale at a moments notice.
A full list of service features include:
- Stratum mining service (ASIC ready)
- PPLNS reward system that is shifted (last 10 shifts paid) and scored - hopping proof
- PPS reward system with 5% fee - hopping proof
- Variable Difficulty set to 20 shares per minute
- Minimum Difficulty of 25
- Set your own starting/minimum difficulty per worker
- Weekday payouts manually reviewed and verified by the app and VPS staff
- Bitcoins mined directly to cold storage - coins are never stored on any pool infrastructure
- SSL protected website
- Google Authenticator two factor authentication available
- Lockable payment address
Our web interface has been built from the ground up with Bitcoin miners in mind. It has all of the stats and charts that miners want to see including block history charts to show whether the luck of the pool is with the 5% to 95% confidence. A big thanks for organofcorti for both analyzing the pool and coming up with the charts.
Right now we are looking to increase the hashrate of the pool. During the beta phase of the pool, we will be running at 0 fees with transaction fees included. The beta will easily last for the next two months while we work out the interface kinks of the pool and make sure everything keeps running as smoothly as it has been over the last three months.
You can also rest assured that when the pool comes out of beta, we will have the lowest fees of any pool out today. We know what constant fees do to large miners and want to minimize that impact as much as possible.
If you are interested, please email me at [james at gigamining dot com]. You must be running at least 500Gh/s and must be willing to make a commitment to keep our little slice of mining private.
Best regards,
James
