mmpool.org - 1.5% fee DGM/PPS - tx fees/vardiff/merge mine/tor

[mmpool]

You could give the extra payouts to the miners who have been there longer; that would work as a sort of referral program. If you get new people to join who are earning less than full PPS, then the existing miners get some benefit for finding new hash power to join the pool.

Length of time is a possibility but it becomes hard to differentiate between someone who jumped in and out of the pool over time. Maybe some form of fee discount/bonus for top share submitters over a rolling 24 hour (or whatever) period. With an option to include referred users share rate as part of yours to encourage referrals.

This would make mining a little competitive to increase share rates which would help encourage people to stick with it. An argument against this approach is "Why not apply that average discount across the board" so fees are lower and encourage people that way. I do like the competitive mining/reward referral aspect though.

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[ctya]

This pool is maintaining excellent availability (uptime). 
Changing compensation methods is nice...and luck will come and go... and features and stats are neat...
...but consistently connecting to a well-performing pool is the most profitable solution for any miner. 

My two satoshis: market the pool's uptime if you want to recruit to a higher hashrate.

Great job on uptime and communcation mmpool!

[disclaimer201]

Just added my 200 Ghash cents. Love the pool, reliable for years!

[Proteu5]

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.

This is a lousy idea and just as hoppable as the old proportional type payment in disguise. If you have a week of good luck all your miners will jump across while the pps rates are high. As soon as luck is bad they'll all run away. You can bet your bottom dollar as soon as the hordes are aware you're offering this they'll abuse it. It still leaves you wide open for a block withhold attack too.

Why would people withhold blocks, though? I mean, it doesn't hurt them, but it doesn't help them in any way, either. It's just being a dick.

Exactly what I thought.

What I came up with, and this is still accepting 'Block Withholding' as a non-issue for the time being, would make use of Miner's Time On Pool as @kjlimo stated. You would calculate the PPS system using a SINC function (The SINE Wave Graphs). In order to determine PPS the pool uses a Singal-To-Noise formula to reduces 'noise' in the Sinc-Wave or Hashrate Fluctuations; this would find a % adjustment for each individual miner's PPS. The adjustment would be bound to the Upper and Lower limits being determined by the original idea I had. In addition each miner's time needs to be pitted up against their hashrate vs. pool hashrate (This I am still working on)...

What we have would be:
-Global 'Luck' calculations
  - Upper Bound & Lower Bound Limits
- A Running & Adjusting SINC-Function
   - Measuring Pool's Averages Dependent On The Global Variables
- Signal-To-Noise Recalculations
   - Pushing The Sine Waves Higher or Lower to reach a median
   - Be the medium 5% higher than the true median or 1% lower than true; etc.
- Individual Miner 'Variance' Calculations
   - Comprised of Time On Pool
   - & Value Or Total Shares (Might Be Bad)
   - Miner Variance Gives a +/- above or below the Pool's [(Calculated)(Re-Adjusted[ing]) PPS-SINC Function]

I feel like I'm off somewhere :/

[allcoinminer]

How much BTC/MHS/DAY getting from this merged pool?

[TechByPC]

How much BTC/MHS/DAY getting from this merged pool?

Over a long enough time you should expect the same BTC/MHS/DAY rate from all pools minus their fees. The difference with mmpool is that hashrate is currently low enough that you may go days without payment and then get a big payment all at once.

[Proteu5]

How much BTC/MHS/DAY getting from this merged pool?

Over a long enough time you should expect the same BTC/MHS/DAY rate from all pools minus their fees. The difference with mmpool is that hashrate is currently low enough that you may go days without payment and then get a big payment all at once.

Mmpools newly added PPS for BTC is a nice little bonus, bit without even factoring that into my decision for using them, their DGM payment method has to be my favorite. Yes, you won't get a payout daily, but when you do, like @TechByPC said, its a very handsome payout.

[Krak]

I noticed you added Tor support to the pool. Any chance for IPv6 support in the near future? The only other pool I know of that uses it is Slush's, but I really don't wanna switch to that pool.

[MarketNeutral]

Nice to see Tor support. 

[Krak]

Nice to see Tor support. 

It's very nice. I think they are the only pool to offer this. At least the only one I've ever seen.

HHTT had it before they shut down.

[nhminer]

I just added 1T to mmpool last week -- and as you all know, we are in the middle of a 175+ hour round

~nh

[disclaimer201]

I just added 1T to mmpool last week -- and as you all know, we are in the middle of a 175+ hour round

~nh

Will add another 200 Gh tomorrow.

[TechByPC]

Seems either hardware testing is going on or just some large miners are starting up. 1.1PH just came online at BTCGuild today. I really wish someone like that would take a look at this pool. Not only would they earn more because of the lower fees, DGM method, and merge mined coins, but getting 100% of the fees for the vast majority of the blocks found would also be a plus for them.

That would be quite the load test for mmpool, but it sure would be nice to blast through a few blocks.

[McDuckMoneyBags]

.....last two rounds have been brutal

[mmpool]

So close. We found a namecoin block in the last couple of hours but just short of a bitcoin block:

Code:

00000000000000009D8C00000000000000000000000000000000000000000000 <-- bitcoin target
00000000000000010ab100000000000000000000000000000000000000000000 <-- namecoin target
0000000000000000fb3d8a066e93d660f89196ad83981c323d885f13defac920 <-- hash found

[starsoccer9]

So close. We found a namecoin block in the last couple of hours but just short of a bitcoin block:

Code:

00000000000000009D8C00000000000000000000000000000000000000000000 <-- bitcoin target
00000000000000010ab100000000000000000000000000000000000000000000 <-- namecoin target
0000000000000000fb3d8a066e93d660f89196ad83981c323d885f13defac920 <-- hash found

This is starting to become brutal. We need a way to get more miners. A neat idea might be taking and money from fee's and using it to buy/rent miners to mine at the site. This will increase our hashrate and then more users will want to come and then over time it will make you more money. Basically like a long term investment in the site.

[mmpool]

This is starting to become brutal. We need a way to get more miners. A neat idea might be taking and money from fee's and using it to buy/rent miners to mine at the site. This will increase our hashrate and then more users will want to come and then over time it will make you more money. Basically like a long term investment in the site.

Fees are earnt by the pool when a block is found. This is infrequent enough that the 0.375 bitcoins earnt in fees wouldn't buy much mining capability.

[jdbtracker]

MMpool

I had  an idea to promote the site, It's a little like multi-level marketing, a little of a referral program, and social network.

Promote the site by creating a social network of sorts for the users of mmpool.org; we start by being able to sign in using facebook, g+ or whatever, the users 0auth keeps their security and signs them in to observe their mining statistics; apply settings so the website only observes friend listings, if one of their friends on facebook/g+/etc signs up and starts mining, they get a better rate of 1% pool fee(for both of them), benefits for association. This way we give an incentive to mine without risking uncontrolled spamming, they have to be your friend, acquaintance, family to gain the bonus, risk of adding unkown people prevents everyone referring everyone. The lowering of the fee once, prevents abuse or overly complicated schemes.

Plus I was thinking that allowing people to negotiate agreements between the pools members, on sharing pool fees, or negotiating barters or positions for hash power on different coins. Basically allowing the ability to create mini-pools within pools in a market exchange.

This way people can hedge their earnings on one coin for another, depending on market value, we can add more coins that aren't merge mined and create a prediction market because of people simply hedging their earning based on probability of hashing.

so for example. I exchange a percentage of my earning in one coin for another, depending on our luck finding that particular coin. of course this opens up some amazing prospects. I can give 50% of all my earning on every coin on the pool to someone else in exchange for 100% of their earning in a particular coin; I make the bet that I can earn more on that one coin then I can with betting on all the coins together.

Now we've created a dynamic predictive market on a coins over-all worth by simply allowing people to sell or buy their positions on their earnings.

monitor the global bets, allow everyone to see the results and they will find the correct market volatility score for each coin and since we can see the hash rate of each member as a graph, we can learn how to bet on each members consistency.

add the ability for members to directly purchase hashing power from other members in a pool type fashion and you won't have to come up with your own cash to promote the site. ie: I put a call on the site for 5/TH at 10 BTC per month and allow multiple members to fulfill my request, or vice versa; I have 1/TH to full-fill the request for a 20% share a month and now we have created a pooled hashing market place to gauge the worth of that hashing power; so even if there is a bad run on the pool people can still earn something without landing the pool owner in the negative. ( hourly rate applied with automated escrow for security, apply it with Open Transactions and we can account for every penny on the servers for proof of existance in the marketplace, this way members don't incur constant fees for transferring micro-payments every hour for their hashing; everything is done in OT in the market place for security, if they want to play that game, they have to apply it to OT)

[McDuckMoneyBags]

I think the lure of merge mining needs to be tangible. If a calculator was built that showed the average difference in earnings between a merged pool and say p2pool or any other straight coin mining pool it may bring in more people. Have the ability to put in their hash rate, pull variables from current difficulty, price/coin. Money is pretty popular these days... If people can calculate that they will earn more they will join up.

[raskul]

I think you should just get rid of merge mining altogether, it's clearly not beneficial to the pool, i'd rather have consistent 50% CDF and actually see some real returns, than a bunch of shitcoins which are near-worthless.