New HEAT forging pool, no fees! - In short:

New (small) forging pool, based on a server which is already running to which I have leased my own stake as well
No fees for withdrawal, I consider this a service to our community and will hopefully benefit from more stable forging myself
Currently manual checking of your stake, and calculation of the forging rewards is based on calendar days at the moment, not specific blocks (but working on that, does not matter that much unless you are trading a lot...)
Withdrawals are always possible, just send me a message from your heat account in the heat wallet of your choice, and I will send your rewards according to my calculation -0.01 HEAT for the transaction fee, aiming for sending it within 24hrs

How to get started

Log into your account in the HEAT wallet (web/desktop does not matter)
Use the top-right "hamburger" menu to select "lease balance"
As recipient use 7210663383474895503
Choose a period of blocks, with a minimum of 1440 and a maximum of 300000. This will define the leasing period, with 1440 being approx. half a day of leasing. Do note that a 1440 block period might almost go unnoticed, so would suggest to set it a bit higher
Click on "send" and you're all set!
You can repeat this action to define a follow-up leasing period, which means that automatically your new lease will start when the current one is over
For a withdrawal, send a message to the heat forging pool account in the HEAT wallet, I will not work on automatic payments

Once you have started leasing, you can check for the account at https://heatwallet.com/#/explorer-account/7210663383474895503/lessors. You will first see the lease being shown as a transaction. Once the 1440 blocks have been passed, you can find the lease back on the lessors tab. I will take a daily snapshot of that page to define the stake per account, in the morning. Currently there are already 4 lessors, 1 being myself and another one being a friend of mine. So far after the fork we've managed to get between 0 and 3 blocks per day. How account leasing works in HEAT

After you finished the previous actions, it takes 1440 blocks for the leasing to become active
Once active, YOUR balance is being virtually added to the forging pool account's so-called EFFECTIVE balance. This will be the stake of the pool during forging and a higher stake means a higher chance of forging blocks
Whenever a block has been forged, it will be added to the forging pool account. Using a manual calculation (of which I am the owner, and I will think of the best way to share this in a view-only but regularly updated file somewhere, like on dropbox) YOUR stake within the total pool stake will define the % of your contribution to the reward (which is currently 8 blocks). So if you have a 50% stake in the pool, you will get a 4 HEAT reward in the Excel-file
When you decide that you want your reward being paid out, send me a message in the heat wallet to the forging pool account, and I will pay your rewards -0.01 HEAT for the transaction.
Note that for the time being I am calculating your stake on a day-to-day basis (e.g. every morning your stake is defined), not on a per-block basis. This could imply a minor deviation in rewards if you are a regular trader, as trading has an immediate effect on your stake in case of selling. Depending on when your lease starts and ends, this could also mean that you will be either Lucky or less Lucky on the start/end days as a consequence

Disclaimer: If whatever in my way of working is not to your liking (like the manual calculation for example), then either help me out to improve it OR just don't join the forging pool. I just want to give small (or large, could also be done of course) holders the chance to increase their amount of HEAT by joining my pool! Any further discussions in detail on my initiative can also be done at the Heatledger forum: http://heatledger.net/index.php?topic=138.0

DesertEagle1#

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