Re: BiblePay | 10% Charity | POBH CPU | Sanctuaries (Masternodes)

Kinda worried that botnets are gaming the system, even with funded ABN.

They have 3m+ hashpower and still gain top subsidy even with a 63% hashrate penalty.

and 65+ machines

Yeah, I see the non funded guys are solving 65% of the blocks, and diff did rise above 7000 recently.

I think we should let it play out for 30 days and in the mean time we can discuss it.

I'm open to hearing any opinions. On one hand it just means that non funded miners are willing to take a penalty to keep mining, and it sort of points to our funded miners not having as many mining machines (which makes sense as they are different people - probably investors vs. miners).

The question is, are we really seeing "bot-net" activity; I would think not really, as those are the miners that just want to mine (as compared to a nefarious group that wants to copy biblepay out to 300 machines in a school, etc). These miners do have to create pool accounts and show up in the leaderboard.

So we have to think of are we creating a fair environment for everyone and are the newbies happy also.

Understandable. But even for that 65% penalty, if hashrate is in the millions (6 million + to be precise) wouldn't that 65% cascade down to miners WITH abn?

I am only seeing maybe a 10-12k increase in hashrate per my one miner according to the pool, (comparing to RPC because of my own abn funding.) I understand it should cascade to all miners using their own abn -- but it doesn't feel like it is calculating fully for other miners. How does it split rewards from funded abn to nonfunded, I guess is what I'm trying to ask.

Edit for better example:

Big miner is using funded abn to mine across a ton of rigs, produces 6 million hashpower in total but he's solving far more blocks than miners with their own ABN, so his fees get pushed up to 67%. Technically speaking, I believe the pool deducts 67% of his total hashpower and is suppose to divide it evenly to those with ABN mining -- so they can remain competitive against big networks / hash that aren't buying BBP to fund their own wallets.

So, if there were 10 miners with their own ABN, and this joe comes and kicks all his miners online producing 6 million hashpower, it should take 67% of that 6 million (3.5 million?) and distribute it evenly to the 10 miners using their own ABN, which would up their hashrate by 350k each (on the pool, giving them part of the distribution correctly), ontop of what their rigs are producing. (since they're getting it from the funded miner)

Is that how it works?

First let me say this: The pool currently charges zero fees for normal mining (we charge 0 for everything), and additionally, zero fees for the ABN (the abn amount docked from each miner is just passed on to the rest of the pool). (Just to clarify) - I realize you arent insinuating the pool is getting any of the abn fee

, just throwing that out there for others.

So I think what you are saying is because the Funded ABNs are now the minority, since they have a smaller HPS in total than the pool, they should actually receive even a greater reward because the non-funded miners are getting a greater share of pool total emissions?

In my thinking, I'm not sure if it'll take emissions away from the big hashpower coming from funded abn -- as non-funded miners that recieve the "bonus" would simply keep them relevant in their own mining. This gives a person with a single CPU and a wallet full of coins the ability to remain relevant if several big miners suddenly came and threw all their hashrate at once on funded miners, which would game the emission rewards from those non-funded either way.

So, if three big miners came online with a total of 6 million hashrate each on funded pool miners, they would most certainly game the network in its current state, choking out small miners of rewards unless the sliding scale ratio of a "fee" were to pass the % of hashrate deducted from their mining and distributed it evenly amongst those non-funded.

Altogther, with 3 miners like that they would be providing about 9 million hashpower (with 9+ million deducted) against smaller miners with 1-500k hashpower(non-funded, without the distribution)

I think I see and agree with what you are saying. You are sort of saying that its irrelevant how much HPS the 'non-funded' miners are mining with, that their HPS should really be Boosted by the amount docked from the funded, because in reality, the non-funded miners are supporting the ABNs for 65% of the pool, yet they are not even 10% of the hashpower (IE its not a fair distribution of hashpower compared to the bonus they receive for their tiny contribution in HPS).

So another words, we need a better algorithm to provide a bonus for the ones providing the ABNs.

Something like : HPS docked from the funded miners gets ADDED to the HPS of the non-funded

....

Let me look into the technical feasibility of this.

Yes sir, that is exactly it.

Exceptional! I hope that it can be done, because I see that miner growing with hashrate (up to 4.1 million now...) and his subsidy reward is over half of what's allotted.

Even though he's docked for hashrate for not having coins in his wallet, he's still outmining everybody that is holding coins.

OK, now the ABN-provider miners are receiving the hashpower docked from the funded miners.

Let's see how this plays out.

I made an edit to the post before yours as well, but I can see the difference already.

So long as they continue to game funded-mining now, they could only raise their deducted hashrate on the sliding scale, eventually providing up to 99% of their hashrate to non-funded users based on funded blocks solved(if it can go that high,) correct?