Post
Topic
Board Pools
Re: Why do you mine on deepbit?
by
DeathAndTaxes
on 04/11/2011, 23:44:17 UTC
Sometimes I do things for non-economic reasons.  I thought the rise of pool hopping mining clients would be sufficient to drive people out of "unfair" payout methods.  Maybe a hop-pool could do it.  I like your thinking of 50% cut of the "bonus".  Since determining all the bonus amounts could be challenging (no way to know hop "bonus" other than after the fact and that is subject to variance) then maybe pay 100% PPS and at end of the month issue a "bonus" payment based on the pool's revenue -  PPS payout.  It would be less risk to the pool operator and worst case scenario it is a 0% PPS which isn't bad. 

Yeah, sounds good.  How would the bonus be divided between the miners?  Would it be "fair" to distribute it proportionally each day?  I expect this way that if the difficulty changed in the middle of a day that you'd have to split the day into two parts and distribute proportionally on each part.


Not sure need to think about that. One idea off the top of my head would be to track number of shares in the month and the difficulty of each share and divide any bonus proportionally to overall work for the month. 

I think better in formulas so something like:

Total Work = SUM(Work Done = (shares) * (difficulty)) 
"Monthly Bonus" = (total revenue of the pool) - (PPS payouts) - (Pool cost server/bandwidth). 
Miner Share = (50% of Monthly Bonus) * (Miner Total Work) / (Pool Total Work)