Post
Topic
Board Pools
[CLOSED] BTCMine - ZERO fee mining pool (LP, SSL, JSON API, P2SH)
by
dbitcoin
on 07/03/2011, 19:02:26 UTC
BTCMine - shared mining pool

Pool benefits:

  • US based hosting (NY) - very low network timeouts for US/Canada miners
  • User accounts protected by secure connection (SSL)
  • Pool support multiple miners per one user account.
  • Pool support long polling requests and simple JSON API for retrieve current balance and other statistics.
  • Pool count all valid shares for current round and use score based payout model. This model minimize negative effect from timing attacks (pool-hopping).
  • Full 8 decimal place automatic payouts
  • Payments with donation (0-5%)

Payout calculation formula:

base = 50 BTC
payout = (user_score / round_score) * base - donation_level

user_score -  user score for current round (as sum score for submitted shares)
round_score - total score for current round
donation_level - user selectable value from 0 to 5%

Score for one share calculated as:

share_score = exp(current_round_time / score_magic_number)

current_round_time - time since round start (seconds)
score_magic_number -  very magic number Smiley

New payments created when solved block reach 120 confirmations (processed 15-30 min later).

Select good RPC miner, register a new account at BTCMine and join to Us.

These miners tested:

CGMiner miner    Long Polling enabled
Phoenix GPU miner    Long Polling enabled
m0mchil's GPU miner  Long Polling enabled
Diablo's GPU miner  Long Polling enabled
UFASoft SSE2/AMD GPU miner  Long Polling enabled
jgarzik's CPU miner Long Polling enabled

And probably there is no problem with another miners (if you use fresh version)
Short instructions how setup miner, you may find on site.

If you do not received activation email after 2-3 hours, probably your email provider too lazy and uses wrong service for spam detection.
I recommend you register new account with gmail.com email address or use contact form on site for requesting manual activation.