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Author Topic: mmpool.org - 1.5% fee DGM/PPS - tx fees/vardiff/merge mine/tor  (Read 316651 times)
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mmpool
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April 06, 2014, 04:13:49 AM
 #1

Note 2016-07-14: The pool continues to mine bitcoins but merge mining is temporarily disabled. No alt coins are currently being mined. Due to issues with the upgrade to recent bitcoin daemons and out of date alt coin code the pool needs some code changes before it can be re-enabled. This work is currently underway.

mmpool.org allows you to merge mine for a number of different bitcoin-derived virtual currencies. The pool provides the Pay Per Share (PPS) method for the alternate merge mined coins and the Double Geometric Method at a 1.5% fee for the bitcoin portion of the reward. Transaction fees in mined blocks are awarded to the miner that found the block. A portion of the DGM reward is paid out as PPS to provide a regular BTC income during long blocks.

  • Stratum protocol for mining mmpool.org:3333
  • DGM reward method
  • All transaction fees paid to miner that finds the block
  • No withdrawal fees
  • 1.5% fee for bitcoin rewards
  • Variable difficulty mining with automatic adjustment
  • Temporarily disabled: Merge mining with Namecoin, Ixcoin, Devcoin, I0coin, Groupcoin, Unobtanium and Syscoin 2.0
  • Simple registration. Just provide your coin payout addresses for the coins you want to receive.
  • Access via TOR using hidden service phkttm64gbquasaq.onion
  • Hashrate and block found monitoring available by the excellent bitmonitor service.

The pool broadcasts updates via bitmessage on address BM-NBs7aHtbw6x7beefygEC4Cv6Rsp2dZni and receives support requests on that same address. Email is actioned at admin@mmpool.org.

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
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roy7
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April 06, 2014, 04:16:23 AM
 #2

That 47TH looks so much nicer than 9TH in the old thread. Smiley
TechByPC
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April 06, 2014, 04:32:13 AM
 #3

It is exciting to see changes on this pool. I personally think that DGM is the most fair payment method, and the option to merge mine coins or not should be in the hands of the miner as it is here, not the pool operator to say whether or not a coin has value. I'm looking forward to seeing the increase in interest that this pool deserves.
mmpool
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April 06, 2014, 05:00:47 AM
 #4

The minimum withdrawal amount for bitcoin has been lowered to 0.005 BTC from 0.01 BTC.

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
Proteu5
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April 06, 2014, 07:49:27 AM
 #5

The minimum withdrawal amount for bitcoin has been lowered to 0.005 BTC from 0.01 BTC.
Nice!! Grin

Loving MMpool.org. Really has been one of my favorite BTC Pools for a long time
mmpool
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April 06, 2014, 10:35:39 AM
 #6

The pool is now running a tor hidden service on phkttm64gbquasaq.onion. You can access the website through that to view stats and use your miner through tor to mine. Something like the following works for me:

Code:
$ usewithtor ./cgminer -o stratum+tcp://phkttm64gbquasaq.onion:3333 -u myusername -p d=16

This is experimental and I'll adjust based on feedback.

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
starsoccer9
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April 06, 2014, 11:45:48 AM
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cool, glad to see the site growing.
RoadTrain
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April 06, 2014, 10:10:15 PM
 #8

Put a clickable link into the OP Wink
mmpool
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April 06, 2014, 11:39:39 PM
 #9

Put a clickable link into the OP Wink
Thanks, I don't know how I missed doing that!

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
starsoccer9
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April 07, 2014, 11:19:23 AM
 #10

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something
TechByPC
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April 07, 2014, 11:43:19 AM
 #11

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something

Where would the coin come from for the referral? The pool is already running a deficit.

kjlimo
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April 07, 2014, 12:23:54 PM
 #12

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something


Who would use a pool with 6.5% fee?  No one...

I suppose you could get 5% of the 1.5% fee the pool charges, but seriously, how much money we talking?

I've been promoting this pool for over 2 years... are you saying I should be earning something for that?  If so, I'm cool with that, heh.

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
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April 07, 2014, 12:37:47 PM
 #13

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something


Who would use a pool with 6.5% fee?  No one...

I suppose you could get 5% of the 1.5% fee the pool charges, but seriously, how much money we talking?

I've been promoting this pool for over 2 years... are you saying I should be earning something for that?  If so, I'm cool with that, heh.

You really think no one would use a pool with a 6.5% fee? I can't describe how funny that is. Check out the PPS fee on BTC Guild and come back.
BTCguild abolished PPS due to the great risk it posed. A large fee is appropriate.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
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kjlimo
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April 07, 2014, 12:38:27 PM
 #14

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something


Who would use a pool with 6.5% fee?  No one...

I suppose you could get 5% of the 1.5% fee the pool charges, but seriously, how much money we talking?

I've been promoting this pool for over 2 years... are you saying I should be earning something for that?  If so, I'm cool with that, heh.

You really think no one would use a pool with a 6.5% fee? I can't describe how funny that is. Check out the PPS fee on BTC Guild and come back.

Doesn't that pay out orphans as well?  Doesn't that even the math out?

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
mmpool
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April 07, 2014, 12:46:30 PM
 #15

mmpool, you could implement a referall system. So if you refer someone you get 5% of their earnings or 1 of every 1000 shares or something
I've considered this and I still may but I'm not sure referrals would work. The approach I had been considering was having share submissions of all referred customers count towards some tiered fee discounting or bonus. It's difficult finding some system that won't incentivize the wrong thing or result in users spamming every forum everywhere with referral URL's. Referrals did seem to work for Vircurex though. They also worked in the online poker industry. Maybe some ideas from the way they did 'rake back' are possible.

mmpool.org - BTC Pool - DGM - pays tx fees/vardiff/merge mining/tor
TechByPC
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April 07, 2014, 01:40:53 PM
 #16

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.
mmpool
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April 07, 2014, 02:30:49 PM
 #17

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
Proteu5
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April 07, 2014, 02:33:36 PM
 #18

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, 05:31:38 PM
 #19

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
 #20

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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