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Author Topic: [Contest] Get a share of every DiamondCoin block for life without Mining!  (Read 674 times)
CryptoTroll
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January 29, 2014, 02:06:16 AM
 #1

We have implemented a unique (as far as we know) program to reward the miners that help our pools become successful.   We first made it available to our WorldCoin Pool (http://wdc.cryptotroll.com) and now we will bring it to our new DiamondCoin pool (http://dmd.cryptotroll.com)!
We would like to reward you for both participation and results, therefore you will be rewarded in two ways:
 
 1.  Early bird reward:  First 50 subscribed users will be flagged for No Fees for Life reward.   Regardless of our future fee structure, you will never have to pay fees*1.    To make sure that this reward goes to mostly unique users, only accounts that have done some mining (you must make at least one coin) with us will be recognized.
 
2.  Founders reward:  Once our site hits 100 simultaneous users and have at least 200 MH/s hash rate, top 5 contributors up to that point will be GREATLY rewarded forever.  Each of those users will ALWAYS get paid a portion of each found block by our DogeCoin pool, even if they have not participated in mining that block.  If they have participated, it would just be additional payment to their share for that block.  All the bonuses will be paid from fees we receive.   This will not reduce the payouts to all other miners.
 
We will be looking at two categories when selecting top 5 users, found blocks and overall hash rate.
 
·         Top 4 users that found the most blocks will get their reward.  
·         The last spot will be given to the user with the highest hash rates that was not lucky enough to get on the top 4 list.    Users that already made it to top 4 will not be considered for these last spot.  
 
Now to the actual reward details!   Last part of all the fees we collect will be paid to our winners forever!  
 
·         30% of all fees collected will be distributed as part of Founders reward.
·         Each of the rewarded accounts will receive 5% of fees collected permanently.
·         In addition! The account that found the most blocks by the time we reach 100 simultaneous users will get paid additional 5%, totaling 10% of all pools income for life!
 
Other small tokens:
 
·         Each user with a Founder reward will have an icon next to their name on all visible lists of the site.    This will be (yet to be created) an image of the reward and coin type with your reward number (1 of 5)
·         We will also link this account to all accounts you have with our other pools (per your approval), where this icon will be displayed next to your name as well.
·         It would be possible to have multiple icons next to your name, once we launch this program to our other pools.   Many new pools are coming!
 
Wait! But there is more!  Stay tuned..
 
CryptoTroll
 
*1  This only applies to fees paid to Cryptotroll.com.  Transaction fees paid to network during withdrawals would still apply.
 
Some additional rules to prevent cheating:
1.  Miners mining under 100 Kh/s on average will not count toward total of 100 simultaneous miners.  (these miners will still have full right at the reward and all other perks).  For example if we have have 102 simultaneous miners mining at the same time, but 3 of them are mining below 100 Kh/s rate, we would need one more miner to join in to reach 100 and end the competition.   Each of those 3 miners can still win the reward, if they found sufficient amount of blocks to reach top 5.
2.  Only one account per IP will count towards 100 simultaneous users.  Note, you can have as many workers as you like, they will all count towards your account.   All accounts on the same IP will be eligible for Founders reward, there is no limitation other than general calculation of 100 simultaneous miners.    The chances of winning for each account will be identical if they run from the same IP versus different IPs.
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January 29, 2014, 02:24:47 AM
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So if you're giving away part of every block to the 5 founders, why would anyone else want to mine there, knowing they're getting less than their fair share?
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January 29, 2014, 02:27:57 AM
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So if you're giving away part of every block to the 5 founders, why would anyone else want to mine there, knowing they're getting less than their fair share?

thought about the same but perhaps he is just trolling like his name, cryptoTROLL?!

tip me! Tongue XtSrWch1U3BsTBFBHj7acTTzxFo1fy5BMa
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January 29, 2014, 02:30:08 AM
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Please refer to section #2 Founders Reward.   We are not giving away part of the block that is split between miners, we are giving away part of the pools income through fees, which we will only start charging when this contest is completed.

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January 29, 2014, 02:38:51 AM
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We are doing this for most of our start up pools.   For our first pool (wdc.cryptotroll.com), we gave away 100% of our fees to top 10 block finders, plus additional 10% of all donations to the winner.   This is significantly less.   The idea behind this promotion is to attract miners to join our pool.   We would be happy to receive 70% of future fees, instead of 0%, if pool is not adopted by miners.  It is not very complicated, nor require any trolling to promote.

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January 30, 2014, 02:58:59 PM
 #6

Good luck to everyone that joined!
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