Shared DevicesPrimer - What is a shared device
With the cost of mining equipment constantly growing, it is increasingly hard for new miners to acquire effective mining equipment. To combat this growth, people have created group buys and purchased devices as a group of friends. However, this leaves one person to manage the equipment, collect profits, and redistribute those profits. This obviously can be a very easy process when automated. However, if not this, process is time consuming.
So we added this functionality and made it easy to implement for you and your shared device.
DeviceIDs - Viewing shared devices
So far we are making it easier for device mangers, what about device contributors? How are you to make sure the device you helped pay for is working for you? Enter DeviceIDs, if you have an account on our pool you now have a DeviceID. You can give your DeviceID to the manager of the device and you can then view your effective work and profits. This one DeviceID can be given out and used for multiple shared devices. Your DeviceID when attached to a shared device by the manager will only allow the manager to attach the device to your account. The manager will not have access to any of your personal data. whereby keeping your account safe.
Usage - Sharing made easy
We have tried to make adding a shared device as easy as possible. At minimum all you will need is at bitcoin address for each contributor, and their percentage of contribution to the device. Pretty Harmless. What about managers of large group buys? Don't worry we have you covered, copy/pasting hundreds of address and percentages would be unacceptable. We have streamlined the process of adding many users, all you need is a csv. csv formatting is simple, all you need is 2 pieces of data.
CSV formatting - only simple data
For a manager to add a new shared device with a csv all that is required is 2 pieces of data, either a bitcoin address or a DeviceID, and the contributors percentage of contribution. No you don't need to figure out the percentage. If your Group buy sells users Ghs in incriminates of 10Gh, then a user that bought one share could be 10 and ten shares would be 100. This works for USD; shares; BTC; as long as the CSV contains all contributors and there is no excess/surplus of the total contribution amount.
CSV formatting - examples
Don't use headers, or line terminators.
DeviceID,Address,Contribution
i.e.
xxxxxxxxxx-xxxxxxxxxx,1BoTBoY7YTEfZCgSZLr4FGaUYiysAPSpxA,10
This user has provided all data, however not needed, they contributed 10%, $10 or 10 BTC.
,1BoTBoY7YTEfZCgSZLr4FGaUYiysAPSpxA,100
This user has provided just a bitcoin address, they contributed $100, 100 BTC or 100 shares.
xxxxxxxxxx-xxxxxxxxxx,,90
This user has provided their DeviceID, they contributed 90%, $90, 90 BTC or 90 shares.
**Note this feature has the ability to be abused. Abuse will not be tolerated. Abuse will cause forfeit of all work, and profits.
Abuse will be partially determined by the number of users and hash rate of the device.
