Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB

[Cheeseater]

So here is my challenge to all the the members of the FSA (free shit army). Mine for Wizkid for a day I just set an Antminer to following
eligius.st/~wizkid057/newstats/userstats.php/1EdeTHebTtymUULE5bdjWzW1gbCJkP7aQH  

Do the same, show that you support Eligius and show the others that greed won't be tolerated.

+1 Antminer put there for time being.
Greed is not tolerated.



ps. i hope you got the address right.

Thank you! My faith in humanity is coming back

Sex and HDx let's see some love... we're waiting

[1714182276]

1714182276

[1714182276]

1714182276

[1714182276]

1714182276

[1714182276]

1714182276

[raskul]

pool down or is it just me?
site timing out.

[smithytzu]

Site is down, pool is active.

As for the other stuff that's being discussed, I'm happy to donate, but what really pisses me off is the guys making 20+ BTC a day and are not donating, if you've got that kind of equipment, you're essentially abusing this pool and donations should be compulsory.

[descarte]

I second making fees compulsory. Even 1% is much better than nothing.

[Slesh]

So here is my challenge to all the the members of the FSA (free shit army). Mine for Wizkid for a day I just set an Antminer to following
eligius.st/~wizkid057/newstats/userstats.php/1EdeTHebTtymUULE5bdjWzW1gbCJkP7aQH 

Do the same, show that you support Eligius and show the others that greed won't be tolerated.

Good idea. +1 Antminer S1 moved for Wizkid

[azdarknet]

So here is my challenge to all the the members of the FSA (free shit army). Mine for Wizkid for a day I just set an Antminer to following
eligius.st/~wizkid057/newstats/userstats.php/1EdeTHebTtymUULE5bdjWzW1gbCJkP7aQH  

Do the same, show that you support Eligius and show the others that greed won't be tolerated.

+1 Antminer put there for time being.
Greed is not tolerated.

http://thumbnails110.imagebam.com/30845/aa7c7e308446306.jpg

ps. i hope you got the address right.

Thank you! My faith in humanity is coming back

Sex and HDx let's see some love... we're waiting

I'm just small time but I pointed one of my 9 port USB hubs with block erupters (3 gh/s ish) at that address. I know its not much but its a fair part of what I have.

I got my first miner about 3 days before the big outage last month and have been very very happy with this pool and wizkid! Sack up guys and point some miners!

[dnaleor]

I second making fees compulsory. Even 1% is much better than nothing.

Yeah, 1% is still cheap.

You could start with making it the default and give people the opportunity to change it.
If a lot of people set it to zero, we should have a minimum fee... (maybe depening on the hashrate)

edit: just compare to the other pools. 1% = cheap:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

[davebodger]

I second making fees compulsory. Even 1% is much better than nothing.

I think a compulsory 1% across all users would get him over 5BTC per day.
0.1% would net him at least 15BTC/month.

I already donate but, as has been said previously, it's the top 20 that he is really loosing from.
They are getting maximum benefit from the pool and returning nothing on a regular basis, it appears on the surface.
Obviously we are not privvy to any direct donations and I hope WK gets some.

[artbatista]

I vote to make a 1% donation compulsory. Those that don't like it can go to BTC Guild  (3%) of Ghash


Cheers


Art

[CeeCee]

everyone should donate something but i prefer the way that everyone can choose on its own how much he will donate. you should not forget that the 0% FEE is one of the biggest motivations to join this pool.

[cryptophoenix]

I vote to make a 1% donation compulsory. Those that don't like it can go to BTC Guild  (3%) of Ghash

Cheers

Art

That's not a donation. It's a fee. Don't mistake the two - in any circumstance.

[Biomech]

So here is my challenge to all the the members of the FSA (free shit army). Mine for Wizkid for a day I just set an Antminer to following
eligius.st/~wizkid057/newstats/userstats.php/1EdeTHebTtymUULE5bdjWzW1gbCJkP7aQH  

Do the same, show that you support Eligius and show the others that greed won't be tolerated.

+1 Antminer put there for time being.
Greed is not tolerated.



ps. i hope you got the address right.

Thank you! My faith in humanity is coming back

Sex and HDx let's see some love... we're waiting

Can't afford to do this right now, but I like the concept. I am donating a percentage, however.

[wizkid057]

Hi everyone,

Looks like while I was out earlier someone decided it would be nice to DoS the web server. *sigh*  Back up now, did a little filtering upstream.

Stats are slowly gaining on real-time... less than 3 hours behind now.

Thank you everyone for your support, it is appreciated as always.

I just want to briefly address the idea of making a default donation amount.  I have considered this, and bounced the idea around a little with some others and I think it probably would not be the best idea, personally.  While I'm sure doing so would help generate income for the pool, and people would still be able to override the default, I think the signed-message based options are probably not the most user-friendly to deal with.  It may be another story entirely once that system is spiced up a bit with detailed instructions and walk-throughs for various wallet software, but right now it is, admittedly, less than straight-forward.

Since Eligius is zero fee and zero registration required, technically someone can use Eligius without ever even needing to visit the website, this forum, or any other related service besides just pointing their miner and waiting for payouts.  Granted, I feel like the majority of miners do at the very least use the stats pages, but, there are probably quite a few people who still don't even know that the My Eligius control panel exists.

Also on the donations topic, I've not actually put up a page for donor stats as of yet, mainly because I feel like there hasn't been enough time for information to disseminate about the feature.  Many have donated through other channels, and I also wouldn't want to not give any of those people the impression that their contributions were not as important as an automatic contribution.   Eventually I will make such stats once there is more data collected and available, though.

I'll note that a couple of the top miners have made some contributions outside of the automatic donations that have been helpful.  I used those and some other donations to bring online and additional core pool server the other day for more back end load balancing to help make the pool a bit more responsive under heavy load.

I'm honestly not trying to make a living off of pool donations or anything.  I feel that there is a need for a reliable zero-fee pool that is as open as possible.  Miners need a way to reduce their income variance while still not having to worry about the pool becoming too large to be safe for the network.  I feel that Eligius exposes sufficient information for people to be comfortable mining here knowing they can check on what is being mined, who is being paid, etc at any time.

Anyway, I think we're headed in the right direction.  Hopefully I'll be able to get a better web-side server structure going soon so that the stats are more responsive and can be more robust.

Thanks again to everyone for their support!

-wk

[dnaleor]

Maybe this is a solution:

default: 1% donation + miner hashrate/total network hashrate fee
Only the donation part can be changed. The fee part is fixed.

=> Topcontributors pay higher default "fee"
#1: 5.16% (1040 TH)
#2: 4.20% (805 TH)
#3: 1.72% (180 TH)
#4-6: 1.44% (110 TH)
#7-9: 1.34% (85 TH)
#10: 1.28% (70 TH)
...
#20: 1.1% (26 TH)
...
#50: 1.02% (6 TH)
...
#100: 1.01% (3 TH)
...
#1000: 1.00% (0.5 TH)
...


What will be the result?

The small miners (>#100) who are lazy or do not know how to sign messages, will donate 1%.
Some of them will knowingly not change it, because they want to donate 1%, others will maybe change it to 0.1% or just 0%.
The fact that there is a default donation, will result in people thinking about the costs of running a pool and maybe lower it, but not to 0%.

The medium miners (> #10) will probably have the same behaviour as the small miners, although I guess more will lower the total donation to 1% (so lower the donation in a way that donation + fee = 1%) or even lower. These miners are experiencied and most of them know how to sign messages.
But these miners are most likely individual miners and some of them like their stats centralized, so they will not "split" their miners to have a lower total fee.

The large miners (< #10) will probably  split the miners to different accounts. But for example splitting 100 TH in 1000 * 0.1 TH to avoid fees takes too much time. So they will probably split their farm in 10 => 10 * 10 TH => 0.04% fee will at least be paid (if we assume the manager will sign 10 messages to lower the donation from 1% to 0%)



To conclude:
You will get a lot of 1% or other small donations from small to medium miners and at least a small donation from the large miners. For small miners there is still the possibility to mine at 0%.


What do you guys think?

[smooth]

it's the top 20 that he is really loosing from.
They are getting maximum benefit from the pool and returning nothing on a regular basis, it appears on the surface.

That is not the case, since they could easily run their own pool. The top contributor right now is grossing almost 200 BTC per day. You don't think they can afford to set up a private pool or a p2pool node, or even just solo mine? (They'd average 8 blocks per day.)

It is the small to medium miners who benefit the most. Too small to set up their own pool and at least the medium miners have too much at stake to risk solo mining. It is either this pool or some other pool.

[wizkid057]

The large miners reduce their own variance by mining with the pool.  There is no real benefit to them to setup their own unless they just want to gamble.  Right now, with the ever increasing difficulty, the lower the variance the better.

[wizkid057]

Before I forget, a few people have asked me about NMC payouts.  I can't do NMC payouts until the stats are caught up, unfortunately.  So, I'll catch them up ASAP.

[Cheeseater]

Up to 608GH lets break 1 TH

Keep the GH bomb going!

http://eligius.st/~wizkid057/newstats/userstats.php/1EdeTHebTtymUULE5bdjWzW1gbCJkP7aQH

[smooth]

The large miners reduce their own variance by mining with the pool.  There is no real benefit to them to setup their own unless they just want to gamble.  Right now, with the ever increasing difficulty, the lower the variance the better.

Right, but there would be an advantage to them if the pool started charging a fee, which is what was being proposed.

The large miners decrease variance for the small and medium miners a lot more than they decrease their own (without the pool their variance wouldn't be that large anyway).

[organofcorti]

The large miners reduce their own variance by mining with the pool.  There is no real benefit to them to setup their own unless they just want to gamble.  Right now, with the ever increasing difficulty, the lower the variance the better.

If you charged a minimal service fee, like 0.1% it might help a little. Importantly though I think it would help people realise that you shouldn't expect the benefit of a pool without paying at least some token amount.

Using a pool is like paying insurance, yet no one is suggesting that insurance should be a free service.