Post
Topic
Board Pools
Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards
by
DrHaribo
on 05/01/2017, 14:39:13 UTC
Every miner should have the right to propose a transaction that will be added to the next block found by bitminter surely. So there is a chance to get a transaction into the chain that is waiting for a confirmation for a while.

Of course there should be limits for carrying out that possibility. Maybe you have to be active part of the pool for a while, one per month max or something like that. But I think such a feature could push the popularity of that pool a bit.

That's an interesting idea. It would be a very nice feature.

One issue might be that some would use it to scam services that accept zero-confirmation transactions, like some gambling sites do.

Another issue might be some people using this to push through their own low-fee transactions or even accepting payments from a third party to include their low-fee transactions. No harm as long as it would just benefit that miner. But it reduces what we earn from transaction fees from a block, so it hurts all the other miners in the pool.

If this was limited then the second issue probably wouldn't be much of a problem. Double-spending zero-conf txes is harder to do something about.

Have to think more on this.

I have question. I understand score system kind of. But is score like percent of total shares at that given time right. Correct me if I am wrong.

We use PPLNS with shifts, where the work in the 10 latest shifts gets paid when a block is found. Instead of paying each proof-of-work equally, the work is weighed by difficulty.

Let's say you do some work, then the difficulty goes up 5% and you do some more work. The work you did after the difficulty change will count 5% more towards your share of the coins.