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Author Topic: JL421 Productions - Public Mining Contracts [Pre-Alpha Requesting Feedback]  (Read 1122 times)
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May 12, 2012, 03:30:43 PM

So I had an idea that spawned from my own mining contracts that I sell, make a system where everyone can bid and fulfill any mining contract.

The backend system isn't working yet, and I've been fighting with it off and on for the last couple of weeks. I've gotten to the point where I don't want to keep fighting it if there is no interest in the project.

This is a call for people to express interest! I know GPUMAX already exists, but lack of competition breeds stagnation.

You can find the beginnings of the service at:

The site is 256 Bit SSL encrypted, and your email is hashed with sha256 in our system, as well as your password is hashed and randomly salted.

What we will offer :

For Buyers
Contracts that anyone is free to participate in. Buyers set a price, and sellers are free to either accept the contract, or submit shares to their private pool.
Buyers can adjust their contract prices constantly so that they have the contract everyone works on.
Buyers can adjust their pools on the fly, and even setup backup pools for their purchase to go to.
Purchases start as soon as payment clears and the purchase is the highest paying active contract.

For Sellers

The ability to manage miners.
The ability to automatically accept and work on the highest paying available contract above a certain price point.
Pass work off to your private pools, and even have backup pools available.
Pass work to the service's private P2Pool node.
Automatic payouts every 24 hours.

For Pool Managers

The ability to limit the load we send to your server. When contracts hit that mark, they become 'full' and new workers are moved to the next lower paying contact, or that contract's backup pool.
Testing of pool hardware.

Coming Attractions:

A mining backend
A prettier frontend
All the other things listed in the Coming Soon Tab

If anyone is interested in my continuing to develop this service please let me know, and I will make it work.

If and when the backend goes live, we will initially be charging a 3% fee between the price the contract buyer pays, and the price the miners receive.

Thank you for your feedback!

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May 12, 2012, 09:46:35 PM

A few questions, because I also thought of this (and would love to see this happen):

Can sellers of hashing power also specify a rate per share relative to current difficulty? (Something like "Every share down to 105% PPS at current diff")?
Can smaller miners also use this service? Meaning, if I only own 1 GPU and have a few dozen MH/s, am I still able to use this?
Will there be (public) stats?
Can contract buyers supply their own getwork source or can the only choose from predefined pools?
I guess for some reson it might be important: TOR access?
In general it seems to me like the "pay per click" auctions for web ads on Facebook/Google, just with solutions to mining shares. What language do you develop this in, and will you release the code? I'd be very interested in helping out there, if it is in a language I regularly code in... <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
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