How much bonus (bitUSD) would it take to be the most profitable pool for any and all days in the last month with the same hash rate participation?
well it is not really that hard ...
How much bonus (bitUSD) would it take to be the most profitable pool for any and all days in the last month with the same hash rate participation?
It's extremely difficult to peg a set $ figured for this unfortunately because it varies from day to day. You can see on poolpicker.eu that we are top some days and scrypt and not on some.. same with x11. The infernopools numbers I wonder about if they are real. Nonetheless if we were to beat even them, it's relative to our mining that day. This is why part of our automated payment system is going to be set to feed in prices from all the daily reports of the pools to determine how much bonus we have to have to be even 1% above them.. though I have seen it posted as always 5% in some places. That is very rich in my opinion. Anyhow.. sorry I realize this doesn't answer your question directly, but the solution to the answer is in the development which is why I am putting priority on it over bonus payouts now.
What I can tell you is that we were more popular when we were paying out more in bonuses than we are now. :)
well it is not really that hard ...
How much bonus (bitUSD) would it take to be the most profitable pool for any and all days in the last month with the same hash rate participation?
It's extremely difficult to peg a set $ figured for this unfortunately because it varies from day to day. You can see on poolpicker.eu that we are top some days and scrypt and not on some.. same with x11. The infernopools numbers I wonder about if they are real. Nonetheless if we were to beat even them, it's relative to our mining that day. This is why part of our automated payment system is going to be set to feed in prices from all the daily reports of the pools to determine how much bonus we have to have to be even 1% above them.. though I have seen it posted as always 5% in some places. That is very rich in my opinion. Anyhow.. sorry I realize this doesn't answer your question directly, but the solution to the answer is in the development which is why I am putting priority on it over bonus payouts now.
What I can tell you is that we were more popular when we were paying out more in bonuses than we are now. :)
for each of the last 30 days :
1)-you take the top pool (or the second best*1.01) payout and subtract your pools payout for that day;
2)- you convert the difference in 1) in USD using the price for the day(or at the end the day for simplicity);
3) the sum of 2) for the last 30 days divided by 30 is the average you will need.
The problem is that if you do not have the above estimate (or other reasonable one) it is pointless to just throw "some money" for bonuses at the pool.
... if the delegates are voted in ... not sure this will be as easy as you might think .. though you selling point is quite good
I'll vote for you and add you to my slate anyway ..
Good luck!
And this is exactly what will change with the worker proposal of BM .. that way he can have a bigger portion of the "pay" and not 'control 10%' of the network securityI'll vote for you and add you to my slate anyway ..
Good luck!
we're talking about giving a single entity power over almost 10% of the network. don't get me wrong, I really want to see MBTS success, but it's just too much to sustain a single project in my opinion.
And this is exactly what will change with the worker proposal of BM .. that way he can have a bigger portion of the "pay" and not 'control 10%' of the network securityI'll vote for you and add you to my slate anyway ..
Good luck!
we're talking about giving a single entity power over almost 10% of the network. don't get me wrong, I really want to see MBTS success, but it's just too much to sustain a single project in my opinion.
Just an update on current contributions that have been made and confirmed in no particular order:
Pheonike 10,000.00
Onceuponatime 65,000.00
Dannotestein 20,000.00
Xeldal 65,000.00
Frodo 10,000.00
Ihashfury 15,000.00
Nethy 60,000
Total : 245,000 BTS
Total remaining pledges waiting to be received: 115,000
This amounts to 4 Delegates thus far.
I have received confirmation from someone who pledged that they will get the funds sent by Tuesday at the latest.
I am realizing now after I added everything up from everyones pledge that we are looking at in fact 6 delegates here, not 7!
So with this we are looking at 6 delegates!
I am waiting on the last two contributions, and then we will get started with the bids to vote shortly after I have all the delegate servers prepped and ready.
Wow guys.. exciting time and happy to have you all join in on this!
Hurray! testz saved the day!
+5%!
Thanks Testz! Legend. Well done DataSecurityNode! +5%
Just to let everyone know it will be more likely in the late afternoon than in the morning as I indicated yesterday.Have you ever heard about UGT?
add you to my slate
Nearly there - at position 101 :)
Nearly there - at position 101 :)
YES! We got 1.. just 5 more to go!
.. and I am pumped :PNearly there - at position 101 :)
YES! We got 1.. just 5 more to go!
I'm bumping.
And +5% to @DataSecurityNode - daily payouts for miners is a thankless task that takes a lot of time - thanks for your unsung efforts!
I've already seen my daily scrypt mining payouts increase quite a bit over the last week or so - thank you!
I can only imagine what the profitability might be like if we had all these delegates voted in!
And +5% to @DataSecurityNode - daily payouts for miners is a thankless task that takes a lot of time - thanks for your unsung efforts!
And +5% to @DataSecurityNode - daily payouts for miners is a thankless task that takes a lot of time - thanks for your unsung efforts!
Agreed. Can't this be scripted? That would be certain to make it MUCH easier for him.
I've already voted for all of your delegates and encourage all others to do so as well. This project has clearly brought in the most new users.
any updates on this? price doubled and u got one more delegate than you had before if im not mistaken, thats 4x what you were making at the beggining before the price rise.
POOL DOWN - anyway, was an awesome experience the last days to receive very_nice BITUSD rewards. Hope that the pool will be up again soon.
Thank you for this service.
I do believe that going forward it is going to make more sense for the project to wind up all the delegates/witnesses and then submit a single worker proposal for the specific funding. This was what I originally promised also. Do you feel we should take a different direction?