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Author Topic: mmpool.org - 1.5% fee DGM/PPS - tx fees/vardiff/merge mine/tor  (Read 308587 times)
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Wolf0
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April 07, 2014, 01:57:06 PM
 #21

I think the only thing left that this pool needs to sell itself is to get out of this luck funk.

EclipseMC does PPS at 5%. From what I can tell the pools that have lower percentages are doing some kind of hybrid where they don't intend to actually pay out PPS until they solve a block, which kind of defeats the purpose.

5% is still okay in my book, but that's about the limit. LiteGuardian does 2% PPS, and it's not doing any hybrid.

Code:
Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
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mmpool
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April 07, 2014, 02:30:49 PM
 #22

5% is still okay in my book, but that's about the limit. LiteGuardian does 2% PPS, and it's not doing any hybrid.
The reserves a pool needs to handle the swings of PPS are too much for it to be a consideration. Combine that with the block withholding attack risk that can drive the pool bankrupt it's not worth it.

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
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April 07, 2014, 02:33:36 PM
 #23

5% is still okay in my book, but that's about the limit. LiteGuardian does 2% PPS, and it's not doing any hybrid.
The reserves a pool needs to handle the swings of PPS are too much for it to be a consideration. Combine that with the block withholding attack risk that can drive the pool bankrupt it's not worth it.

I love mmpool with out PPS, the fact that OP even added it is really wonderful. Just saying...
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April 07, 2014, 02:56:49 PM
 #24

5% is still okay in my book, but that's about the limit. LiteGuardian does 2% PPS, and it's not doing any hybrid.
The reserves a pool needs to handle the swings of PPS are too much for it to be a consideration. Combine that with the block withholding attack risk that can drive the pool bankrupt it's not worth it.

I like mmpool with or without PPS, I'm just giving my opinion on PPS in general.

Code:
Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
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April 07, 2014, 05:31:38 PM
 #25

5% is still okay in my book, but that's about the limit. LiteGuardian does 2% PPS, and it's not doing any hybrid.
The reserves a pool needs to handle the swings of PPS are too much for it to be a consideration. Combine that with the block withholding attack risk that can drive the pool bankrupt it's not worth it.

I like mmpool with or without PPS, I'm just giving my opinion on PPS in general.

Oh, well yea, I agreed with you 100% with PPS in general.

Personally, I think PPS rates should be trailing; based on the pool's average rate at which they find blocks for one Difficulty Term.

I would first set my break-even, minimum PPS %, then choose an arbitrary number + % as the first control term. After the Network Difficulty adjusts, get the avg. Time between blocks on network and between blocks found in pool. I would see how the pools avg. Hashrate changed +/- then adjust the PPS n% higher, or lower.

Of course you would need an upper bound limit pool miners would agree too, but adjusting the PPS between let's say 1.25% and 5.05% could average out nicely for Pool managers and Devoted Miners.

My math is 'Pseudo Math' I would need time to write an actual formula, but that's my idea.
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April 07, 2014, 05:40:05 PM
 #26

I'm rather new only having about 3 weeks of experience, I looked over many different pools and I liked the idea of the merged mining. I think I would like to see a few more coins added if they can be, I know many out there are worthless, but then a few years ago bitcoin wasn't worth the paper it was printed on either.

Is this round taking so long due to an increase in difficulty or just bad luck?
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April 07, 2014, 07:11:46 PM
 #27

Is this round taking so long due to an increase in difficulty or just bad luck?
Yes.

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April 07, 2014, 07:21:03 PM
 #28

I'm rather new only having about 3 weeks of experience, I looked over many different pools and I liked the idea of the merged mining. I think I would like to see a few more coins added if they can be, I know many out there are worthless, but then a few years ago bitcoin wasn't worth the paper it was printed on either.

Is this round taking so long due to an increase in difficulty or just bad luck?


The merged Alt-Coins payout fine right now, and if you haven't, you should really look into Namecoin and Devcoin. NMC can act as a decentralized DNS and much more.

However, I've seen long rounds like this before, it could easily be difficulty. Normally, I've seen 9hr rounds and less, and been through a few other long ones as well.

It's worth it though. Plus the Dev. Is really nice and takes good care of the pool.
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April 07, 2014, 10:06:31 PM
 #29

I had read about name and devcoin and thought they were interesting and the secondary DNS system could be useful in the future with the way some government types think the internet should be tapped in every way possible to prevent bad guy of the day to operate unrestricted, don't worry about all the info we collect on you, if you're not bad guy of the day you have nothing to hide.
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April 07, 2014, 11:19:33 PM
 #30

I'm rather new only having about 3 weeks of experience, I looked over many different pools and I liked the idea of the merged mining. I think I would like to see a few more coins added if they can be, I know many out there are worthless, but then a few years ago bitcoin wasn't worth the paper it was printed on either.

Is this round taking so long due to an increase in difficulty or just bad luck?

For a coin to be added it needs to have the ability to be merge mined added by the coin developer. There aren't many around. Huntercoin and CoiledCoin are the two coins I know of that are merge mineable that the pool current doesn't mine. CoiledCoin has no exchange, interest or maintainer that I'm aware of. Huntercoin could be added. It's a bit of a resource hog so I'd need to do some minor server changes to do that.

The round is taking a long time in terms of elapsed time due to our low hash rate. It's taking a long time in terms of 'number of shares'/CDF due to bad luck. The pool is not  near it's longest round ever in terms of CDF or luck. It is currently about 3x difficulty in number of shares done. The pool has 8x difficulty before. Let's hope we don't have that again!

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
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April 08, 2014, 12:08:34 AM
 #31

5% is still okay in my book, but that's about the limit. LiteGuardian does 2% PPS, and it's not doing any hybrid.
The reserves a pool needs to handle the swings of PPS are too much for it to be a consideration. Combine that with the block withholding attack risk that can drive the pool bankrupt it's not worth it.

I like mmpool with or without PPS, I'm just giving my opinion on PPS in general.

Oh, well yea, I agreed with you 100% with PPS in general.

Personally, I think PPS rates should be trailing; based on the pool's average rate at which they find blocks for one Difficulty Term.

I would first set my break-even, minimum PPS %, then choose an arbitrary number + % as the first control term. After the Network Difficulty adjusts, get the avg. Time between blocks on network and between blocks found in pool. I would see how the pools avg. Hashrate changed +/- then adjust the PPS n% higher, or lower.

Of course you would need an upper bound limit pool miners would agree too, but adjusting the PPS between let's say 1.25% and 5.05% could average out nicely for Pool managers and Devoted Miners.

My math is 'Pseudo Math' I would need time to write an actual formula, but that's my idea.


PPS with a variable fee based on luck. Interesting.

Code:
Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
mmpool
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April 08, 2014, 01:00:20 AM
 #32

Pool down for some quick library upgrades for the openssl heartbleed issue.

Edit: And we're back.

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
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April 08, 2014, 04:23:32 AM
 #33

For the curious, these are the hash targets for the coins in the pool as of an hour ago:

Code:
0000000000000000B3AA00000000000000000000000000000000000000000000 <-- BTC
0000000000000001350000000000000000000000000000000000000000000000 <-- NMC
0000000000000001564e00000000000000000000000000000000000000000000
0000000000000001733400000000000000000000000000000000000000000000
0000000000000005480900000000000000000000000000000000000000000000
00000000000000221ded00000000000000000000000000000000000000000000
0000000000000001392e093288401cca0a10fe2ab58579877bb28ae66a1ccd96 <-- Best Hash

The 'Best Hash' is the best hash solution during the last couple of days. This gives an idea of how 'close' we've been to finding a block. Almost, but not quite, a namecoin block. A fair bit away from a bitcoin one.

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
mmpool
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April 08, 2014, 06:10:41 AM
 #34

OMG we found a block! Pending at the moment, will confirm shortly.

Edit: Block confirmed and available for withdrawal.

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
Krak
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April 08, 2014, 06:37:30 AM
 #35

OMG we found a block! Pending at the moment, will confirm shortly.

Edit: Block confirmed and available for withdrawal.
Woo! This PPS hybrid seems to be an excellent idea by the way. Just enough to take the edge off the variance a bit without incentivizing block withholders.

Have you had any progress on the problem with stratum proxies?

BTC: 1KrakenLFEFg33A4f6xpwgv3UUoxrLPuGn
beltin
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April 08, 2014, 07:52:48 AM
 #36

OMG we found a block! Pending at the moment, will confirm shortly.

Edit: Block confirmed and available for withdrawal.

Yes!!!
Wolf0
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April 08, 2014, 08:03:42 AM
 #37

Finally! Awesome!

Code:
Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
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April 08, 2014, 11:39:39 AM
 #38

OMG we found a block! Pending at the moment, will confirm shortly.

Edit: Block confirmed and available for withdrawal.
Hell Yeaaa!
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April 08, 2014, 12:45:35 PM
 #39

OMG we found a block! Pending at the moment, will confirm shortly.

Edit: Block confirmed and available for withdrawal.

You're welcome Smiley

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April 08, 2014, 03:07:15 PM
 #40

Updated my email/sms/auto cashout/monitor helper site to use the new mmpool.org domain now. looks like everything working well, https://bitmonitor.usr.io/

Great merged mining BTC pool at http://mmpool.bitparking.com/ my monitor site for it http://bitmonitor.usr.io/
Play on cex http://cex.usr.io my cex Android app http://cexapp.usr.io
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