Does a pool exist that will give a full bitcoin to finder

[ceslick]

Hi,

Curious to know if a pool exists that will give a full bitcoin to a block finder and split the remainder across the rest of the miners?

If not is it possible to do?

Cheers

Chris

[1714776337]

1714776337

[1714776337]

1714776337

[zvs]

yeah, it'd be possible to do so.  modify open source mpos maybe.

p2pool gives a .5% reward to block finder (~0.127 bitcoins, assuming transaction fees modifies it.  they might not)

[jonnybravo0311]

I'm pretty sure that's the theory behind bit solo (http://bitsolo.net).  You get the 25 BTC, the pool gets the transaction fees.

EDIT: I misread your original query.  Sorry, I don't know of any pools that will give a full BTC to the miner that found the block, then split the remaining 24.xxx with the rest.

[eleuthria]

It is possible....but the pool would have to charge a 4% fee in order to have an extra 1 BTC to provide a block finder, assuming the pool was "0%" fee pre-bonus.

[ceslick]

Would be nice to have a pool like this... Gives incentive to some smaller miners

[eleuthria]

Would be nice to have a pool like this... Gives incentive to some smaller miners

Small miners would just end up making even less because the pool would HAVE to have a higher overall fee in order to pay a reward for block finding.  Small miners aren't expected to find a block *in their lifetime* these days.  The chances of them ever seeing the bonus BTC reward is quite small, but they will be paying higher fees as a result of that potential bonus.

[organofcorti]

Would be nice to have a pool like this... Gives incentive to some smaller miners

Small miners would just end up making even less because the pool would HAVE to have a higher overall fee in order to pay a reward for block finding.  Small miners aren't expected to find a block *in their lifetime* these days.  The chances of them ever seeing the bonus BTC reward is quite small, but they will be paying higher fees as a result of that potential bonus.

On average though you'd end up earning the same. The effect of the 5% finders fee would just be larger variance - like the 0.5% paid to the block finder on p2pool.

[eleuthria]

Would be nice to have a pool like this... Gives incentive to some smaller miners

Small miners would just end up making even less because the pool would HAVE to have a higher overall fee in order to pay a reward for block finding.  Small miners aren't expected to find a block *in their lifetime* these days.  The chances of them ever seeing the bonus BTC reward is quite small, but they will be paying higher fees as a result of that potential bonus.

On average though you'd end up earning the same. The effect of the 5% finders fee would just be larger variance - like the 0.5% paid to the block finder on p2pool.

True, but good luck expecting the average miner to understand that a huge fee can be offset by a block finder bonus.

[zvs]

Would be nice to have a pool like this... Gives incentive to some smaller miners

Small miners would just end up making even less because the pool would HAVE to have a higher overall fee in order to pay a reward for block finding.  Small miners aren't expected to find a block *in their lifetime* these days.  The chances of them ever seeing the bonus BTC reward is quite small, but they will be paying higher fees as a result of that potential bonus.

On average though you'd end up earning the same. The effect of the 5% finders fee would just be larger variance - like the 0.5% paid to the block finder on p2pool.

You'd think so, but that's not true because of the increasing difficulty.  i.e. If I put 100ghash to work solo mining (and from here on I'm just going to spit out numbers since I'm not going to do the actual math), then I'd have, say, a 99.99% chance of not finding a block... but then the difficulty level increases, so then it'd be 99.992% chance, and so on.

Just think of all the people that would have 0 bitcoins after a year... you'd really have to have some serious hashing power to even make this a worthwhile gamble (because that's what it is).

ed: this is a theoretical case of solo mining.  but it also would apply to a pool with a block finder's reward

[organofcorti]

Would be nice to have a pool like this... Gives incentive to some smaller miners

Small miners would just end up making even less because the pool would HAVE to have a higher overall fee in order to pay a reward for block finding.  Small miners aren't expected to find a block *in their lifetime* these days.  The chances of them ever seeing the bonus BTC reward is quite small, but they will be paying higher fees as a result of that potential bonus.

On average though you'd end up earning the same. The effect of the 5% finders fee would just be larger variance - like the 0.5% paid to the block finder on p2pool.

You'd think so, but that's not true because of the increasing difficulty.  i.e. If I put 100ghash to work solo mining (and from here on I'm just going to spit out numbers since I'm not going to do the actual math), then I'd have, say, a 99.99% chance of not finding a block... but then the difficulty level increases, so then it'd be 99.992% chance, and so on.

I thought the same thing. The math is trickier than you think, and confused me  for a long time.

However, it doesn't work quite that way, although for solomining the discrete nature of the reward may mean that your mining device fails before you solve a block where a pooled miner would at least earn something.