I want a Gambling Pool

[philipma1957]

great idea.  pool ops won't do it.  I could show the math and rant and rave why every miner should so some solo mining.  this pool is just that some solo mining.

I could say that
btcguild
bitminter
slush
eligus

should all offer a server link with this or something like this.

100% share
75%   share
50%   share
25%   share
0%     share

I could also say wemineltc should do it.  but they won't.  pools don't want to offer this for lots of reasons.

I won't go into the why of it.  But they wont offer it.

 I mine 15 gh here
http://bitsolo.net/my-account/

I mine 1 th here

www.btcguild.com

I must also hold my hands up to throwing 20 GH/s at bitsolo.... well you never know.

But back on topic, i think a 50% finders block bonus is a good idea and certainly something i would consider !

makes it a bit easier.  when my s-3's come I will point one at bitsolo see what happens.

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[crazyates]

Have you looked into Ozcoin's PoT payout system? It rewards each share differently according to the minimum difficulty you're looking for and the difficulty of the share you submit.

It also completely adjustable, and by setting a really high work difficulty, you're increasing variance drastically. You won't get paid for as many shares, but the bigger shares pay off WAY better. It's essentially the gamble you're looking for.

Example: You set a "Work Difficulty" of 100,000,000. Most of the time you will not return shares that have a difficulty of 100,000,000 or more, so these don't get paid anything. When you do get a share above that value, you get paid on the value of the share.

In the example above, a share of 99,999,999 gets paid nothing, a share of 100,000,001 gets paid ~0.0032BTC, and a share of 50,000,000,000 gets paid ~5.14BTC.

Moving your work difficulty up from 100,000,000 to 1,000,000,000 moves your payout for the same 50,000,000,000 share from ~5.14 to ~9.61BTC.

https://bitcointalk.org/index.php?topic=131376.0

[Graet]

Sorry crazyates, we haven't offered PoT for quite a while, being a PPS variant it got expensive and was an avenue for attack :/

I wish there were a pool which rewarded the block finder with 12.5 BTC (the remaining 12.5+fees would de divided between all miners, just as a normal pool).

The total network hash rate is 120.000 TH, so even with just 1TH you play a game with reasonable odds.  Within the next 10,000 blocks (~2 months) you have an 8% chance of winning.

This would also help the network. Individuals would play for the same reason they participate in state lotteries. They are likely to "over-invest" (which they btw do all ready) so that the expected return turns negative. Large investors with data centers would be forced out.

We could set this up fairly easily, though it couldn't be a charity (servers cost money, coders deserve to be rewarded for their work), so "rewarded the block finder with 12.5 BTC (the remaining 12.5+fees would de divided between all miners, just as a normal pool)" would become something like 12btc to block finder 12.5btc to miners 0.5btc to pool or 12.5btc to finder 12btc to miners 0.5btc pool.
Also after the solopool.net experiment (something that was asked for repeatedly in this forum but has never attracted miners >1TH and only found 1 block in 12 months) I would require the OP to find 1Petahash of miners that will commit to at least 1month of mining on this new pool otherwise it is pointless setting up whole new pool.
Graet

[philipma1957]

Sorry crazyates, we haven't offered PoT for quite a while, being a PPS variant it got expensive and was an avenue for attack :/

I wish there were a pool which rewarded the block finder with 12.5 BTC (the remaining 12.5+fees would de divided between all miners, just as a normal pool).

The total network hash rate is 120.000 TH, so even with just 1TH you play a game with reasonable odds.  Within the next 10,000 blocks (~2 months) you have an 8% chance of winning.

This would also help the network. Individuals would play for the same reason they participate in state lotteries. They are likely to "over-invest" (which they btw do all ready) so that the expected return turns negative. Large investors with data centers would be forced out.

We could set this up fairly easily, though it couldn't be a charity (servers cost money, coders deserve to be rewarded for their work), so "rewarded the block finder with 12.5 BTC (the remaining 12.5+fees would de divided between all miners, just as a normal pool)" would become something like 12btc to block finder 12.5btc to miners 0.5btc to pool or 12.5btc to finder 12btc to miners 0.5btc pool.
Also after the solopool.net experiment (something that was asked for repeatedly in this forum but has never attracted miners >1TH and only found 1 block in 12 months) I would require the OP to find 1Petahash of miners that will commit to at least 1month of mining on this new pool otherwise it is pointless setting up whole new pool.
Graet

 I would point an s-3 at it for 3 months.

[Kprawn]

I think most of the guys/gals will go for a constant income, with no guessing to achieve ROI within a specific period.

A lottery will just make the calculations more complex.  But for those who already reached ROI it would be a interesting option. {boredom killer}

Nice angle tho.