Post
Topic
Board Pools
Re: I want a Gambling Pool
by
Graet
on 17/07/2014, 03:59:28 UTC
Sorry crazyates, we haven't offered PoT for quite a while, being a PPS variant it got expensive and was an avenue for attack :/

I wish there were a pool which rewarded the block finder with 12.5 BTC (the remaining 12.5+fees would de divided between all miners, just as a normal pool).

The total network hash rate is 120.000 TH, so even with just 1TH you play a game with reasonable odds.  Within the next 10,000 blocks (~2 months) you have an 8% chance of winning.

This would also help the network. Individuals would play for the same reason they participate in state lotteries. They are likely to "over-invest" (which they btw do all ready) so that the expected return turns negative. Large investors with data centers would be forced out.
We could set this up fairly easily, though it couldn't be a charity (servers cost money, coders deserve to be rewarded for their work), so "rewarded the block finder with 12.5 BTC (the remaining 12.5+fees would de divided between all miners, just as a normal pool)" would become something like 12btc to block finder 12.5btc to miners 0.5btc to pool or 12.5btc to finder 12btc to miners 0.5btc pool.
Also after the solopool.net experiment (something that was asked for repeatedly in this forum but has never attracted miners >1TH and only found 1 block in 12 months) I would require the OP to find 1Petahash of miners that will commit to at least 1month of mining on this new pool otherwise it is pointless setting up whole new pool.
Graet