[CLOSED] Semi-private mining pool

[jamesg]

I just get a big long list of errors, even if I do a forced refresh, or close the page and attempt to log back in...

Sessions needed to be cleared.

Servers have been restarted. You should be able to login now without any issue.

[1714994147]

1714994147

[1714994147]

1714994147

[jamesg]

A lot of development will be happening on the pool for the rest of the week. I hope to not break anything, but big things are coming which require some database changes.

Since it seems a lot of people are squeamish about variance, I am going to introduce PPS mining into the pool. This will come with a fee but you won't need to worry about luck.

[Xialla]

Since it seems a lot of people are squeamish about variance, I am going to introduce PPS mining into the pool. This will come with a fee but you won't need to worry about luck.

ahh, what is your estimation about fee?.)

[jamesg]

ahh, what is your estimation about fee?.)

Feel free to discuss it here. Fees range from 10% to 3% at other pools for this feature and the pool operator taking on risk.

That said, I am hugely interested in setting up a Saas model for pricing which would reduce fees and would add special features like xls, pdf reports of earning and coinbase payments.

Discuss!

[jddebug]

ahh, what is your estimation about fee?.)

Feel free to discuss it here. Fees range from 10% to 3% at other pools for this feature and the pool operator taking on risk.

That said, I am hugely interested in setting up a Saas model for pricing which would reduce fees and would add special features like xls, pdf reports of earning and coinbase payments.

Discuss!

Saas?

[-Redacted-]

Sass = Software as a service - a cloud term - where you pay for service used based on bandwidth, or CPU utilization, or whatever metric is being used.  

[jamesg]

Saas?

Sorry, let me be more clear. Lets say for example, the pool has a tiered pricing structure. There are two parts to this, fees for mining and a monthly recurring fee (or paid a year in advance).

So we'd have the basic plan: which would be 1% for PPLNS if we ever come out of beta and 5% for PPS. You can come and go as you please and when you mine on the pool, you'd pay the fee.

Then, if your hash rate is high enough, you might want to choose the Pro plan where you pay a fee up front, say 6 BTC for a year and your fees are reduced. PPLNS would then be 0.5% and PPS would be 4%.

If you are an industrial miner, we'd have a plan where you could pay a larger up front fee, and your ongoing mining fees would be further reduced.

Make sense?

[AussieHash]

When you come out of beta will fees be for all miners or just those on a payment option

Also, for example bitminter has a 1% fee which is cancelled out by merged mining. Any such plans ?

[jamesg]

When you come out of beta will fees be for all miners or just those on a payment option

Also, for example bitminter has a 1% fee which is cancelled out by merged mining. Any such plans ?

If you haven't seen it, it seems NMC has some big issues, like shit just doesn't work.

Looks like NMC is having stillborn issues....

https://bitcointalk.org/index.php?topic=310954.0

Should we keep it on the development list?

That said, as a big miner, i know that constant, ongoing percentage fees really suck. That is why I would like to discuss a better model.

This pool will be a business unit and will have employees so it needs to cover costs and make a profit to run for the long term.

[r3animation]

You're probably fixing it but just fyi if you aren't, stats seem stuck at block 1492.

[jamesg]

You're probably fixing it but just fyi if you aren't, stats seem stuck at block 1492.

Fixed.

[r3animation]

You're probably fixing it but just fyi if you aren't, stats seem stuck at block 1492.

Fixed.

Fantastic.

As for fees, PPLNS 1% and PPS 3% when you're out of beta? And for Sass, PPLNS 0.5% and PPS 2.5%?

[jamesg]

As for fees, PPLNS 1% and PPS 3% when you're out of beta? And for Sass, PPLNS 0.5% and PPS 2.5%?

Don't know to be honest. I want to find a balance that pays the bills and some salaries without overburdening loyal pool members.

Right now, anyone paying fees at a pool is paying pay-as-you-go premiums. I want to reward loyalty, so any suggestions or discussion is helpful at this point.

[13Charlie]

As for fees, PPLNS 1% and PPS 3% when you're out of beta? And for Sass, PPLNS 0.5% and PPS 2.5%?

Don't know to be honest. I want to find a balance that pays the bills and some salaries without overburdening loyal pool members.

Right now, anyone paying fees at a pool is paying pay-as-you-go premiums. I want to reward loyalty, so any suggestions or discussion is helpful at this point.

Fees start at X and go down 10% per month for 5 months, as long as you keep your hashrate up.
When you leave, it starts over.
Thoughts?

[jddebug]

btw, are we hitting a patch of bad luck right now?

Yes. All pools have bad luck.

One thing to learn about mining is that you will have more perceived bad luck then good. The reason is that long blocks just take longer to find than short ones. This is counter intuitive in almost every way, hence why I am mentioning it.

For those who have left the pool, please know that all you have done is guarantee that you keep that bad luck in the form of less earnings.  

Edit for more clarity.

The other problem with leaving the pool during bad luck is that you are divested in PPLNS after 10 hours. That means if you see us having good luck, you've already missed out AND it will take you another 10 hours to become fully vested in PPLNS again.

As can clearly be seen, a few short blocks (today) which takes minutes can make up for an entire day of horrible luck.

No one had ever explained it to me the way Gigavps did 4 months ago.

"One thing to learn about mining is that you will have more perceived bad luck then good. The reason is that long blocks just take longer to find than short ones."

The bad luck still sucks and gets me anxious but in time it always seems to come around if you stick it out. Every time I'd move away I'd regret it as luck would turn around and I couldn't take advantage of it thereby leaving me at a loss against those who stayed.

[realtime]

Where did 1494 go?

[r3animation]

1495 also stuck at calculating.

[murmur]

yeah.. yet the details look ok blocks/1495

[jamesg]

Where did 1494 go?

1495 also stuck at calculating.

yeah.. yet the details look ok blocks/1495

We have two issues.

The shares column was an integer column instead of bigint. This has been fixed.

Block inserts sometimes fail. This is why we run innoDB so that it is beyond obvious that this has happened (hence why 1494 was missing).

Everything is correct now. We found two in a row. 

[realtime]

Where did 1494 go?

1495 also stuck at calculating.

yeah.. yet the details look ok blocks/1495

We have two issues.

The shares column was an integer column instead of bigint. This has been fixed.

Block inserts sometimes fail. This is why we run innoDB so that it is beyond obvious that this has happened (hence why 1494 was missing).

Everything is correct now. We found two in a row. 

Awesome , thanks!