http://www.pyramining.com/ - Discussion thread (no advertising here)

[platti]

It's something I can work on, but probably it would make more sense to start it in a parallel project, since it would change radically how things are managed.

that would be ok for me

[pyra-proxy]

I am thinking about improoving slightly the rules, to make pyramining more fair for everyone.

Now people tend to create an account with small deposits under a sponsor, and some other accounts under the first one with larger deposits. In this way, the effort of the sponsor, for advertising and getting referrals, leads to small advantages/rewards for him.

The change I am planning changes how bonuses are calculated. To get the full bonus, the account must contain two times the sum of the referral's active deposits, otherwise the bonus % is reduced proportionally. Also, accounts with no referrals will be linked to other random accounts.

These changes affect only new deposits. Past deposits are unchanged and will keep the same behaviour as before.

Comments are welcome.

I wouldn't change the bonus, if you were to change something it would be the sending hash-rate up the chain and leaving deposit bonuses as they are, in that way upstream accounts are still rewarded for promoting etc. but don't have to worry if they happen to sponsor a big spender who kills their bonus, but they now only "mine" at the fixed rate so they are encouraged to keep their deposits higher to get maximum hash-rate and the big spenders get the full glory of their account hash-rate without having to worry about a smaller sponsor eating a bunch up.

Just my 2 0.02BTC

[rigel]

The change I am planning changes how bonuses are calculated. To get the full bonus, the account must contain two times the sum of the referral's active deposits, otherwise the bonus % is reduced proportionally. Also, accounts with no referrals will be linked to other random accounts.

I'd rather leave things as they are.
Please, focus on mining which is core business rather then on referral program

[bradyon]

Why just 1 person (myself) wrote a trust feedback about pyramining?

[bradyon]

Why just 1 person (myself) wrote a trust feedback about pyramining?

I only write trust when all transactions have completed. I still have coins with them, so until that is finish then I will write some feedback.

Sounds fair

[platti]

Update on plans:

Before the end of July I will be able to deploy ~600GH/s more.
Before the end of August there will be at least 3TH/s more.

more than 600 GH/s at end of July. Good job :-)

[bradyon]

looks like there has been another jump on p2pool´s hashing power.  Could somebody tell about the identity of these top miners?

1CzLSNz7V6EufECrjvMXBiVo8Tu7z3XgkF   510,374 MH/s   
1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX   293,501 MH/s   
1ATBoMpRfVGwJ1j5rcvoQwznQjRvKCTF8d   221,044 MH/s   
16pZyakbCqPnxGaUpKLtuwzjNFezqJhd1N   164,714 MH/s   
1MAv44YHbeh9mt3tHUdxDqG7J8acjA9byh   164,479 MH/s   

Thanks.

[Akka]

1CzLSNz7V6EufECrjvMXBiVo8Tu7z3XgkF   510,374 MH/s    --> Pyramining (ASICs only)?
1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX   293,501 MH/s--> Nasty Mining

[bradyon]

1CzLSNz7V6EufECrjvMXBiVo8Tu7z3XgkF   510,374 MH/s    --> Pyramining (ASICs only)?
1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX   293,501 MH/s--> Nasty Mining

Very good, thanks as always, Akka

[Akka]

1CzLSNz7V6EufECrjvMXBiVo8Tu7z3XgkF   510,374 MH/s    --> Pyramining (ASICs only)?
1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX   293,501 MH/s--> Nasty Mining

Very good, thanks as always, Akka

I'm good at stating the obvious. 

The rest could just be some dudes with Avalons.

[platti]

last found block on p2pool is orphaned 

[BobbyJo]

I will be very upset if you change the bonus system for existing deposits.

I worked hard to get referrals and have several accounts with large deposits of my own and some very large referrals.  If you change the scheme for existing members half way through it is extremely unfair.

[BobbyJo]

I know but the discussion has moved onto talking about a single flat rate of bonus!!

I was just stating that any changes should only apply to new deposits (as Pyramining stated).

[soylent green]

I'd rather leave things as they are.
Please, focus on mining which is core business rather then on referral program

absolutely agree; it's good the way it is.

[platti]

@pyramining:
is it possible to run a part of your miners with an other mining pool (maybee eligius 0% fee), to get a more regular payout?

[gektek]

@pyramining:
is it possible to run a part of your miners with an other mining pool (maybee eligius 0% fee), to get a more regular payout?

Eligius, BitMinter, BitParking, hell even Triplemining I'd feel better about than P2Pool...

[Akka]

I like that pyramining supports p2pool. It's really sad that so few run a P2Pool node + miner.

Also variance usually equals out over time, it doesn't really matter if a pool pays daily or if you get bigger chunks once in a while. Besides p2pool is still at 120% for the last 7 days. That means at another pool pyramining would have made 20% less.

Just stop getting nervous every time a blog takes longer. That just happens.

[pyra-proxy]

I like that pyramining supports p2pool. It's really sad that so few run a P2Pool node + miner.

Also variance usually equals out over time, it doesn't really matter if a pool pays daily or if you get bigger chunks once in a while. Besides p2pool is still at 120% for the last 7 days. That means at another pool pyramining would have made 20% less.

Just stop getting nervous every time a blog takes longer. That just happens.

Actually I saw a pretty good write up from a couple months ago which shows how p2pool could be better for the bottom line if it is setup correctly.  I'm looking forward to pyramining making the p2pool public, I wish  at least 1 of 2 options though (if not both) - 1 get it operating in a merge mine mode, 2 some sort of bonus in the spirit of pyramining for the pyramining accounts as well.  The merge mined coins could actually be traded by pyramining and then insert into the standard btc payouts of the pyramining accounts and donated to merged miners automatically.

The combination of all of the above plus mining with transaction fees being passed on, the pyramining pool would likely see some good growth in excess of the hash rate pyramining is providing directly.

[platti]

  Besides p2pool is still at 120% for the last 7 days. That means at another pool pyramining would have made 20% less.

in the last days the avr.  block generation is 7.7 Blocks per hour. normal is 6 blocks per hour.  the whole bitcoinnetwork makes 128% of blocks . so the 120% of the p2pool is not b etter than other pools

[Krak]

in the last days the avr.  block generation is 7.7 Blocks per hour. normal is 6 blocks per hour.  the whole bitcoinnetwork makes 128% of blocks . so the 120% of the p2pool is not b etter than other pools

You're obviously not taking into account the massive increase in hashrate that p2pool has seen in the past week. The average block time was longer before.