[∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved!

[thedreamer]

I forgot this was the solo pool, not the kano.is pool. LOL.

1% or 2% makes no diff to me as it's a small fraction of a 25BTC payday.
After halving it would have to be re-evaluated as the earnings will drop to 12.5BTC and unless BTC value goes to $1K+ it will cut bigtime into people's earnings.

[sobe-it]

I forgot this was the solo pool, not the kano.is pool. LOL.

1% or 2% makes no diff to me as it's a small fraction of a 25BTC payday.
After halving it would have to be re-evaluated as the earnings will drop to 12.5BTC and unless BTC value goes to $1K+ it will cut bigtime into people's earnings.

But its not like his efforts or cost get lessened. Sure its only 12.5 BTC but you would still get 12.375 out of the 12.5 block. He would be making .0625 at the current percentage and still operating at the same cost and effort..... hell I wouldn't want to be in that position, I could understand if he considered shutting it down at that point.

[thedreamer]

I forgot this was the solo pool, not the kano.is pool. LOL.

1% or 2% makes no diff to me as it's a small fraction of a 25BTC payday.
After halving it would have to be re-evaluated as the earnings will drop to 12.5BTC and unless BTC value goes to $1K+ it will cut bigtime into people's earnings.

But its not like his efforts or cost get lessened. Sure its only 12.5 BTC but you would still get 12.375 out of the 12.5 block. He would be making .0625 at the current percentage and still operating at the same cost and effort..... hell I wouldn't want to be in that position, I could understand if he considered shutting it down at that point.

Thus he will have to re-evaluate the fees/costs of the pool.

[philipma1957]

I forgot this was the solo pool, not the kano.is pool. LOL.

1% or 2% makes no diff to me as it's a small fraction of a 25BTC payday.
After halving it would have to be re-evaluated as the earnings will drop to 12.5BTC and unless BTC value goes to $1K+ it will cut bigtime into people's earnings.

But its not like his efforts or cost get lessened. Sure its only 12.5 BTC but you would still get 12.375 out of the 12.5 block. He would be making .0625 at the current percentage and still operating at the same cost and effort..... hell I wouldn't want to be in that position, I could understand if he considered shutting it down at that point.

Thus he will have to re-evaluate the fees/costs of the pool.

unless coins go to 1000 usd plus.

we can dream can't we? you should know that

[thedreamer]

I forgot this was the solo pool, not the kano.is pool. LOL.

1% or 2% makes no diff to me as it's a small fraction of a 25BTC payday.
After halving it would have to be re-evaluated as the earnings will drop to 12.5BTC and unless BTC value goes to $1K+ it will cut bigtime into people's earnings.

But its not like his efforts or cost get lessened. Sure its only 12.5 BTC but you would still get 12.375 out of the 12.5 block. He would be making .0625 at the current percentage and still operating at the same cost and effort..... hell I wouldn't want to be in that position, I could understand if he considered shutting it down at that point.

Thus he will have to re-evaluate the fees/costs of the pool.

unless coins go to 1000 usd plus.

we can dream can't we? you should know that

I don't want to de-rail the thread, but I think everyone expects it to go at least that high before halving and after. 

[jameshav]

2% or more.  Why not?  Surprised it's not at that level now.  2% fiat of 25 BTC is about $210 right now.  That's small change to the person who solves the block.   And we're only hitting around 2-4 a month now.

I've solved one block here and donated back more than 2% just because that's just the way I see things.  The cost of VPS, DDoS protection, and especially CK's time - only makes sense.  I have a full node running just to support the network and it costs me about $125 a month.  And I do barely anything to keep it running except for maybe 20-30 minutes a month of maintenance and patches and shit..  I used to solo mine all by myself and it is work to keep things running and rent the infrastructure to do so.  I could solo mine myself off of that node, but I'd rather do it somewhere else and not worry about it.

[thedreamer]

See, what you may not see is that people tend to want to donate rather be forced to give.. Human nature.

Same as going out to a restaurant and they automatically add 20% to the bill as a tip. Most people will be outraged, but if everything is good will happily leave %20+ tip on the bill as it's THEIR CHOICE.
We all donate after hitting a block. Some of use even donate on the kano.is pool as kano and ck are both worth it, but most people are not happy about being railroaded into payments..

Just my 2 cents..

[-ck]

Thanks everyone for your thoughts, and I agree I'd love it if it were just up to the block solvers to donate what they thought was appropriate. The best part for me has been when people donate after finding a block and some solvers have been most generous in that area. However only half of the block solvers donate and the reality of the costs and time of this pool will not be sustainable long term at the current fee with only half donating. The main reason for raising the fee early is to at least keep the absolute fee static when the halving hits (no I don't believe the exchange value will magically double at the halving - it didn't last time and it won't this time). Based on the feedback I'm inclined to just increase the fee to 1%, though I'll leave it till February.

[hedgy73]

Thanks everyone for your thoughts, and I agree I'd love it if it were just up to the block solvers to donate what they thought was appropriate. The best part for me has been when people donate after finding a block and some solvers have been most generous in that area. However only half of the block solvers donate and the reality of the costs and time of this pool will not be sustainable long term at the current fee with only half donating. The main reason for raising the fee early is to at least keep the absolute fee static when the halving hits (no I don't believe the exchange value will magically double at the halving - it didn't last time and it won't this time). Based on the feedback I'm inclined to just increase the fee to 1%, though I'll leave it till February.

I think raising it to 1% is very fair .

[thedreamer]

Considering you run the pool and are active in the community, I'm not sure what your costs are, but can't be little considering the bandwidth used, gear, etc...

1% is more than fair IMO. Like I said, people usually donate anyways but you shouldn't worry about such a small rise. 

[CornishPixie]

1% is small beer for what you do for us. I would still donate at that! Interesting times ahead  

[pikachuy]

@-ck, pop open a voting pool so people can vote like:

1) 1%
2) 2%
3) 1% now and 2% at halving

then have the pool closed after a week.

EZPZ =)

[hodedowe]

If people are truly going to complain about 0.125BTC, then let them setup their own solo mining operation.  Pretty sure they'll realize very quickly doing so costs considerably more.

Except that it doesn't cost considerably more, you just need a hard drive with about 80 gb of space and your'e good to go. If you leave your computer on all the time anyway you're spending pennies more per year than you already are. I worry the pool will lose a lot of users if the fee spikes. 

[-ck]

If people are truly going to complain about 0.125BTC, then let them setup their own solo mining operation.  Pretty sure they'll realize very quickly doing so costs considerably more.

Except that it doesn't cost considerably more, you just need a hard drive with about 80 gb of space and your'e good to go. If you leave your computer on all the time anyway you're spending pennies more per year than you already are. I worry the pool will lose a lot of users if the fee spikes. 

You underestimate how important the pool setup/network/code/hardware/administration is compared to a home solo mine operation. The chance of losing blocks is much higher on the latter.

[HerbPean]

Thanks everyone for your thoughts, and I agree I'd love it if it were just up to the block solvers to donate what they thought was appropriate. The best part for me has been when people donate after finding a block and some solvers have been most generous in that area. However only half of the block solvers donate and the reality of the costs and time of this pool will not be sustainable long term at the current fee with only half donating. The main reason for raising the fee early is to at least keep the absolute fee static when the halving hits (no I don't believe the exchange value will magically double at the halving - it didn't last time and it won't this time). Based on the feedback I'm inclined to just increase the fee to 1%, though I'll leave it till February.

1% to keep the pool up is in my hubble opinion just normal. You should do it and make sure the pool propers for many years ;-)

Keep up the good work and if I ever hit a block you'll get a donation for sure !

[hedgy73]

Thanks everyone for your thoughts, and I agree I'd love it if it were just up to the block solvers to donate what they thought was appropriate. The best part for me has been when people donate after finding a block and some solvers have been most generous in that area. However only half of the block solvers donate and the reality of the costs and time of this pool will not be sustainable long term at the current fee with only half donating. The main reason for raising the fee early is to at least keep the absolute fee static when the halving hits (no I don't believe the exchange value will magically double at the halving - it didn't last time and it won't this time). Based on the feedback I'm inclined to just increase the fee to 1%, though I'll leave it till February.

1% to keep the pool up is in my hubble opinion just normal. You should do it and make sure the pool propers for many years ;-)

Keep up the good work and if I ever hit a block you'll get a donation for sure !

+1 I'll keep mining here if its 1% or higher, I understand you need to cover costs and the least we can do for your long time hard work is honor your request. Do it, if people don't like it they can go elsewhere or set up on their own.

[hodedowe]

You underestimate how important the pool setup/network/code/hardware/administration is compared to a home solo mine operation. The chance of losing blocks is much higher on the latter.

I'm not saying your service isn't better with multiple 100mb connections to the network, but I am saying that you risk losing users to home mining operations. The chance of an orphan block is higher, but only slightly. The timing would have to be very close to have that happen.

The overall point is that for that to save the extra BTC the miner may choose to go that route if he/she has even a moderately reliable home connection.

[pikachuy]

You underestimate how important the pool setup/network/code/hardware/administration is compared to a home solo mine operation. The chance of losing blocks is much higher on the latter.

I'm not saying your service isn't better with multiple 100mb connections to the network, but I am saying that you risk losing users to home mining operations. The chance of an orphan block is higher, but only slightly. The timing would have to be very close to have that happen.

The overall point is that for that to save the extra BTC the miner may choose to go that route if he/she has even a moderately reliable home connection.

Then go solo pool on your own... lol... seems like you are against the 1% or 2% fee increase, just in a nicer way (no offense =)).

At current BTC value of $390.10 per btc.

1% of 25 btc = 0.25 btc = $97.53 at current value

2% of 25 btc = 0.5 btc = $195.05 at current value

25 btc at current value = $9752.5

1% fee breakdown = $9752.5 - $97.53 = $9654.97 profit

2% fee breakdown = $9752.5 - $195.05 = $9557.45 profit

So if anyone is complaining about paying that fee when they made that much profit from solving a solo block. I say to hell with them and solo mine and their own... lol


Can't make everyone happy, in reality, time is money, and -ck time is well appreciated.

[kano]

Then of course there's measuring the block handling and distribution time with a home bitcoind and equating that to a % risk of losing a block ... ... ... ...

[HerbPean]

Then of course there's measuring the block handling and distribution time with a home bitcoind and equating that to a % risk of losing a block ... ... ... ...