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Author Topic: Idea: A Bitcoin mining pool that donates percentage of revenue to BTC devel.  (Read 1438 times)
amincd (OP)
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November 30, 2013, 03:01:36 PM
 #1

Originally posted in http://www.reddit.com/r/Bitcoin/comments/1rrwx1/idea_a_bitcoin_mining_pool_that_donates/

There are a lot of initiatives in the Bitcoin space which I feel need more funding, and if I am going to support them, I would rather do so by contributing a certain amount on a regular basis as part of a larger group of people, and have a dedicated team decide on worthy projects to fund, rather than trying to find individual projects myself and put up a bounty when I find one, and hope others will join me.

I see mining pools as the ideal place to pool resources for this type of collective effort. I was wondering if anything like a charitable pool existed, and if not, what others thought about the idea of creating one?

What I would like to see is a pool that takes 3 percent profit for themselves, donates 5 percent to Bitcoin-related projects, and leaves 93 percent for the miner.

Some initiatives I would like to see funded:

Bitcoin bounties for information leading to the arrest of scammers

This one in particular pissed me off as I upvoted the original submission made in /r/bitcoin by the scammer, thinking it was a legitimate business:

http://www.reddit.com/r/Bitcoin/comments/1rre79/fucking_fuck_im_going_to_be_so_pissed_off_if_a/

Here's the scammer's submission:

http://www.reddit.com/r/Bitcoin/comments/1rpbpn/i_have_convinced_my_uncle_to_move_online_with_his/

I would pay to have a dedicated Bitcoin investigative team that goes after scammers.

A privacy oriented Bitcoin wallet

Perhaps Darkwallet. Perhaps a version of Bitcoin-QT that uses CoinJoin by default.

Funding Bitcoin core developers

There's only one full-time paid developer. It'd be nice if there was more funding of the core devs given so much rests on their work
__

That's all I can think of right now, but I'm certain there are many more areas where there are opportunities to fund projects that would really boost Bitcoin.

Thoughts?
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February 13, 2014, 01:45:46 PM
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Totally agree but isn't that all the stuff the Bitcoin Foundation are supposed to be doing ?

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February 13, 2014, 05:19:19 PM
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I think you can set a donation percentage on Eligius, which goes towards development - Luke-Jr is part of the foundation, so basically Eligius is probably that pool.  It's also 0% fee, and pretty damned stable.
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