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Author Topic: setting up a proportional pool, where do i begin?  (Read 639 times)
kanojo (OP)
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September 30, 2013, 04:03:55 PM
 #1

hello.

so, what i would like to do.
 1. proportional reward pool
 2. tx fees from found block are a pool comission (only block generation reward (25 atm) is shared with miners)
 3. support stratum protocol only
 4. (optional) tweakable share difficulty on user request with default of 1.

do i understand it correct that pool backend such as eloipool or pushpoold do NOT handle payouts and i have to create my own "rewarder" along with web frontend? that is, requirements number 1 and 2 are out of question here?
for the beginning, what is my choice for pool server? can eloipool do it?
as soon if i get some clarity i'll get back here with configs i would like to use and probably a request for mining help of 1-4 shares (i'm short on hardware here) on the testnet.
test platform will be debian

i'm relatively new to bitcoin and never hosted a pool before although i know how mining and network works, aside from binary protocol.
this will just be an experiment, mostly because i enjoy learning how bitcoin works. i am not sure if i can make it to the real pool or whatever.
Graet
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September 30, 2013, 04:19:43 PM
 #2

by reading
https://bitcointalk.org/index.php?topic=32814.0
and understanding why there are no proportional pools any more
It is a flawed payout system that takes BTC from your regular miners (if you get any) pockets and give it to "strategic miners" or "pool hoppers"

yes you need a front end to go with stratum or eliopool that will do the payouts/stats etc

it really i a bit late to be starting pools as experiments unless you plan to do some alt-coin. Bitcoin mining is becoming more professional, miners wont join unless you show that you are serious.

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
kanojo (OP)
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September 30, 2013, 05:10:56 PM
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thank you for a quick reply, Graet. my plan was prop because in that case i, as the pool owner, will never go bankrupt since payout amount is always the same and does not depend on round luck which is just the same lottery as sdice or anything.
i planned to make a pool with limited registration and monitor it so that users will mine fairly(no botnets, no constant hopping in when hashrate is low). i have to create a valid TOS for this. do you think it worths a try?
i didn't dig into other reward systems currently used, but since they are all based on PPS, so i can't really play this casino without being afraid of going low, is that correct? so i thought maybe i'll set up a proportional pool and keep an eye on it while i can so that it will be fair for both miners and myself.
Graet
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September 30, 2013, 05:18:58 PM
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thank you for a quick reply, Graet. my plan was prop because in that case i, as the pool owner, will never go bankrupt since payout amount is always the same and does not depend on round luck which is just the same lottery as sdice or anything.
i planned to make a pool with limited registration and monitor it so that users will mine fairly(no botnets, no constant hopping in when hashrate is low). i have to create a valid TOS for this. do you think it worths a try?
i didn't dig into other reward systems currently used, but since they are all based on PPS, so i can't really play this casino without being afraid of going low, is that correct? so i thought maybe i'll set up a proportional pool and keep an eye on it while i can so that it will be fair for both miners and myself.
you should dig, as not all payout systems are based on PPS
look into pplns - has pretty much the same risk to operator as proportional and is a fair payout system, I prefer DGM but the maths confuses miners sometimes.
My opinion is proportional is not worth the try, before moving away from prop my team (and quite a few other pools) tried to work out how to make proportional "fair", doing some research you will find the same,slush implemented a system that is better than prop, but still hoppable.
good luck with it Smiley

oh and prepare to be on call 24/7/365 and deal with all sorts of issues - real or imagined,
running a pool is not "set and forget" if you want to do it properly

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
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