[NEW] Directpool.net -BTC- Fee 1% [Pay TX, PPLNS, NMC, Vardiff] Giving back

[Delarock]

how you are a next generation mining pool

I think the term "next generation" is confusing to you. DirectPool is next generation in the sense that it's doing what no other pool has done before. It's collaborating with a well known entity, the BBA, to do something great for the community and more.

how your pool is different from any other pools specifically in the way that DirectPool can prevent a 51% attack

DirectPool has never made the claim that it will prevent a 51% attack. What we have said is that we want to further redistribute the overall hashing power to make the network a lot more healthier than it is currently.

DirectPool Aims To Prevent 51% Attack with Community-First Mining Pool Approach
http://www.coindesk.com/directpool-prevent-51attack-community-approach/

I'm not confused about the term "next generation." I am questioning it because it is not being used appropriately here. It is being used as a marketing gimmick and it is completely vacuous. So far, no explanation has been given as to how DirectPool is an improvement over any other pool aside from it's purported ties to a charitable organization.

why retaining a 1% fee serves the community better than it serves yourself

From what I know, the 1% fee will also be used for the betterment of bitcoin. I don't have all the details and that's private info. You might as well ask why BTCguild doesn't charge 1% or 0% instead of 3%... You're asking for info that you're not entitled to.

BTCGuild is not in question here. DirectPool is. I don't see any reason why BTCGuild needs to be mentioned at this point.

If you're going to make any sort of claims as to how your pool is going to help the community, you better be able to back them up. From what I know, the 1% fee is profit collected by an organization that states that it wants to help the community but is only lining the pockets of its members.

While you're at it, can you explain why you aren't a non-profit or a not-for-profit organization as opposed to a for-profit?

When we decide to open up a charity foundation, we'll be sure to take your advice to open up a befitting organization.

Thank you for your suggestions. If you'd like further information into matters concerning DirectPool, you make contact the staff via Help widget at directpool.net where you'll receive responses a lot faster. But you are more than welcome to continue posting here and you'll be replied to.

x3

What advice? This is just another non sequiteur.

DirectPool makes claims that it is next generation and that it aims to help the bitcoin community, but the only thing I see is another pool that is tied to a "well known entity." So far, it's been the same three people that have been responding to me, and the responses appear as nothing more than a product pitch. Part of the responses lean on this "Bitcoin Business Alliance," but I'm having a difficult time ascertaining what people and businesses actually belong to this "well known entity."

I feel that I know enough about DirectPool to avoid it at this point. I feel that this is just another profit scheme, which doesn't bother me. What bothers me is that it is hiding behind the guise of a charitable organization, and I feel that any support for this pool will do more long run harm to the community. You are more then welcome to try and convince me otherwise, but my trust is already broken at this point.

[Ripdon007]

Troll. This guy should be ignored at all cost! I've seen him trolling on too many threads now... he's only trying to waste time and troll..dumbass... btw it's non sequitur* also i'm willing to bet he works for btcguild or ghash lool anyways (to the OP) i would ignore this troll above 

[seriouscoin]

I always welcome new pool as it help decentralization....

But please dont advertise your pool as the "Next Generation" pool. Its load of crap and we all know it.

Your pool does some charity work and i applause you for that, but you got nothing technologically advance or benefit for Bitcoin mining ecosystem.

The ONLY next generation pool is a true decentralized pool. P2pool hit road block and we need a better version.

[Delarock]

Troll. This guy should be ignored at all cost! I've seen him trolling on too many threads now... he's only trying to waste time and troll..dumbass... btw it's non sequitur* also i'm willing to bet he works for btcguild or ghash lool anyways (to the OP) i would ignore this troll above  

I don't work for any pool.

Name calling is a pretty juvenile move. So is pointing out a typo. I invite you to point out any other thread that doesn't involve DirectPool where I've been "trolling."

My questions still haven't been answered.

[BG4]

The pools Web UI looks great... There is every graph and bell and whistle any miner would want to look at from a monitoring stand point...With that, 2 thumbs up.....But at the pools current hash rate. it could be 2 months before the pool finds a block.....NOW...if you can some how merge this front end with the 51% attack proof, DDos proof , Decentralized  P2Pool network... I think you would have something to Advertize on all the AP news sites....

But as it stands its almost solo mining.....



I would use this pool just because of the way it looks.....
I would not use this pool because of long block finding times.....

[BG4]

I always welcome new pool as it help decentralization....

But please dont advertise your pool as the "Next Generation" pool. Its load of crap and we all know it.

Your pool does some charity work and i applause you for that, but you got nothing technologically advance or benefit for Bitcoin mining ecosystem.

The ONLY next generation pool is a true decentralized pool. P2pool hit road block and we need a better version.

Agreed 100%

[DPoS]

I think the community voting on initiatives could be adopted by more pools as an added layer.  That way the good can be spread no matter where someone mines.  It is just a way to organize these donation efforts in a better way.  Not force anything on anyone.  If each month 20 things are nominated, and top 5 get a cut of the pooled funds from all the pools involved that would go a long way to being effective. And then you can have rules that anything that was a top 5 and got funds can't get any more for the next 3 months to spread things around.  Popular things can still gain quarterly, but not dominate. Can have a weighted scale too that positions 1-5 get a scaled value so its not 95% go to #1 and the next 4 share 5%.  (something like 35%, 25%, 15%, 10%, 5% and 10% go to the pool operators for any pool that is free but pools can chose to charge what they want, but not get that part of the donation for example)

The above avoids a small pool trying to convince miners to jump aboard by taking the idea of community funding to established pools so no risk to miners

If Direct Pool is to gain traction, they would probably have to do a pledge drive in where they sign up enough people willing to all switch at once.  Not full proof by any means since attracting miners can be like herding cats but if the pledge results was high enough it would be the 'a crowd attracts a crowd' approach

[x3maniac]

The pools Web UI looks great... There is every graph and bell and whistle any miner would want to look at from a monitoring stand point...With that, 2 thumbs up.....But at the pools current hash rate. it could be 2 months before the pool finds a block.....NOW...if you can some how merge this front end with the 51% attack proof, DDos proof , Decentralized  P2Pool network... I think you would have something to Advertize on all the AP news sites....

But as it stands its almost solo mining.....



I would use this pool just because of the way it looks.....
I would not use this pool because of long block finding times.....

We have a dedicated dev team that's worked hard to keep the pool secure. Security to us is paramount.

Thank you for acknowledging the coolness of the website!

We're working with a few big farm contacts to begin mining on DirectPool. All i can say is, there's a lot to come going forward.

We are inviting all miners (big or small) to join this amazing initiative.

x3

[x3maniac]

@DPoS

I agree with you completely.

x3

[AJMiles]

I think the community voting on initiatives could be adopted by more pools as an added layer.  That way the good can be spread no matter where someone mines.  It is just a way to organize these donation efforts in a better way.  Not force anything on anyone.  If each month 20 things are nominated, and top 5 get a cut of the pooled funds from all the pools involved that would go a long way to being effective. And then you can have rules that anything that was a top 5 and got funds can't get any more for the next 3 months to spread things around.  Popular things can still gain quarterly, but not dominate. Can have a weighted scale too that positions 1-5 get a scaled value so its not 95% go to #1 and the next 4 share 5%.  (something like 35%, 25%, 15%, 10%, 5% and 10% go to the pool operators for any pool that is free but pools can chose to charge what they want, but not get that part of the donation for example)

The above avoids a small pool trying to convince miners to jump aboard by taking the idea of community funding to established pools so no risk to miners

If Direct Pool is to gain traction, they would probably have to do a pledge drive in where they sign up enough people willing to all switch at once.  Not full proof by any means since attracting miners can be like herding cats but if the pledge results was high enough it would be the 'a crowd attracts a crowd' approach

+1 for the right thinking approach.

I like that it is a community involvement and a pledge. Well said.

[miroman86]

DP has excellent customer service support so far... Quick to respond and made requests fast! Looking forward to putting in more hashing power here...

[x3maniac]

DP has excellent customer service support so far... Quick to respond and made requests fast! Looking forward to putting in more hashing power here...

That's great to hear, thanks!

x3

Edit:

Currently working on adding more merge mineable coins. More updates on this will be provided soon.

[Biomech]

DP has excellent customer service support so far... Quick to respond and made requests fast! Looking forward to putting in more hashing power here...

That's great to hear, thanks!

x3

Edit:

Currently working on adding more merge mineable coins. More updates on this will be provided soon.

I could be way off base here, but I'm under the impression that Maza is merge mineable with Bitcoin. If true, I'd like to see that happen.

[x3maniac]

DP has excellent customer service support so far... Quick to respond and made requests fast! Looking forward to putting in more hashing power here...

That's great to hear, thanks!

x3

Edit:

Currently working on adding more merge mineable coins. More updates on this will be provided soon.

I could be way off base here, but I'm under the impression that Maza is merge mineable with Bitcoin. If true, I'd like to see that happen.

Maza isn't "yet".

Very soon, DirectPool will be fully packed with merge mineable coins. (plus more)

We will announce very soon with the big news!

x3

[byrondover]

I started using Directpool last week, and I'm very impressed! Fantastic live statistics, great interface and a competitive community.

I highly recommend you check it out if you haven't already!

[PatMan]

copy/paste from here: https://bitcointalk.org/index.php?topic=519078.msg6182907#msg6182907

I started using Directpool last week, and I'm very impressed! Fantastic live statistics, great interface and a competitive community.

I highly recommend you check it out if you haven't already!

Bumping your own pool with fake accounts?  Bit sad 

[Sandhog]

DP has excellent customer service support so far... Quick to respond and made requests fast! Looking forward to putting in more hashing power here...

That's great to hear, thanks!

x3

Edit:

Currently working on adding more merge mineable coins. More updates on this will be provided soon.

I could be way off base here, but I'm under the impression that Maza is merge mineable with Bitcoin. If true, I'd like to see that happen.

Maza isn't "yet".

Very soon, DirectPool will be fully packed with merge mineable coins. (plus more)

We will announce very soon with the big news!

x3

Is DirectPool still operating? I signed up and will mine from there with my Bitmain S1 180 Gh/s. If pool gets lucky, more shares of BTC for existing less than 10 miners. I can leave the miner on forever and ever just to support decentralization of network.

[IYFTech]

Unfortunately you have been misinformed. This pool uses a centralized server the same as every other standard pool. If you really wish to "support decentralization of network" then the only option is to use the p2pool software here:   https://bitcointalk.org/index.php?topic=18313.0

This is currently the ONLY truly decentralized mining "pool". 

[x3maniac]

copy/paste from here: https://bitcointalk.org/index.php?topic=519078.msg6182907#msg6182907

I started using Directpool last week, and I'm very impressed! Fantastic live statistics, great interface and a competitive community.

I highly recommend you check it out if you haven't already!

Bumping your own pool with fake accounts?  Bit sad  

No idea who byrondover is but he/she is not in any way affiliated with DirectPool.

x3

[x3maniac]

Unfortunately you have been misinformed. This pool uses a centralized server the same as every other standard pool. If you really wish to "support decentralization of network" then the only option is to use the p2pool software here:   https://bitcointalk.org/index.php?topic=18313.0

This is currently the ONLY truly decentralized mining "pool". 

You've somehow obtained incorrect information. DirectPool never claimed to be a decentralized pool.

x3