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Author Topic: Pool attraction by award block finder extra btc ?  (Read 1626 times)
Bobcat
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February 07, 2012, 06:06:49 PM
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Pool attraction by award block finder extra btc ?

I think the pool op (small to medium pool)should add this program to their pool, I think this definitely attract more miners. Instead pool op's out of pocket,  take out a few coins from the 50btc. even tho the earning will be few percent less but there is a chance of get extra btc for finding that block. its just a though



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Sukrim
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February 07, 2012, 07:01:22 PM
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...and everyone else wil get less.
This just adds variance, no benefit at all (especially to miners who don't have multiple gigahashes lying around).

It could be done however in a "Jackpot" kinda way - you can set e.g. 10% of your mining income to go to the Jackpot and then if you find a block, you get the jackpot.
This is however simple gambling and can be done without mining too, more frequently and with better/higher bets and more control over the variance etc.

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Bobcat
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February 07, 2012, 08:10:03 PM
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...and everyone else wil get less.
This just adds variance, no benefit at all (especially to miners who don't have multiple gigahashes lying around).

It could be done however in a "Jackpot" kinda way - you can set e.g. 10% of your mining income to go to the Jackpot and then if you find a block, you get the jackpot.
This is however simple gambling and can be done without mining too, more frequently and with better/higher bets and more control over the variance etc.

setting 10% of your mining income into the jackpot, would that be the same as take a few coin out of the 50btc ?
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February 08, 2012, 04:07:26 AM
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No it wouldnt.

If only the people setting a fee to pay to jackpot is entitled to the jackpot payout, it would be a choice and option open only to those who contribute to it.

This does have some problems, to be fair it would assume everyone who contributes a set % is hashing at the same hashrate Wink

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February 08, 2012, 03:13:08 PM
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You could also give out "lottery tickets" for each Satoshi you put in the Jackpot and then pay people according to the amount of tickets that have won (e.g. every 100th ticket wins 100 Satoshis or something like that).

In the end, you just increase variance, the average payout wouldn't change at all for longterm miners and you just encourage shortterm miners to hop away from your pool as long as they were lucky.

The only attactive pool reward scheme to me is pure PPS from a miner's perspective. On top of that you can build whatever lottery or other stuff you want to.

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