Yes, however, you cannot mine the optimized plot before it is done.
(Mining on a plot you are optimizing will result in longer times for both optimizing and mining)
Yes, however, you cannot mine the optimized plot before it is done.
(Mining on a plot you are optimizing will result in longer times for both optimizing and mining)
Payouts: https://pastebin.com/GTmw1FJ8
Sorry for the delay. Poloniex didn't want me to withdraw the full 1 BTC (The account is not verified, as it hasn't been a problem before.)
And suddenly my local wallet server didn't work and I had to make a new one.
You can find all mining information from a pool by adding: ":8124/burst/pool?requestType=getMiningInfo" to the end of the url (Only on pools with same poolserver and 8124 as port). This information includes the min deadline.
The number of people mining on the pool impacts the reliability of your payouts. Less miners means more infrequent payouts and more miners means more frequent payouts.
The recommended capacity changes with the network, it is therefore hard to give you numbers you can rely on tomorrow.
With 3.5 TB, I would currently recommend picking falconburstpool.xyz or any pool with no deadline limit, e.g burst.lexitoshi.uk.
However you might have reasons to pick other pools, like more frequent payouts or supporting the pool owner.
If you want to see which pool has found most blocks the last 10 days, visit http://burstcoin.cc/pool.
(Moved to Mining & Plotting)
As this is a ninja based pool, by blockchain proof, all transaction fees go to the pool operator.
It would be possible to have 0% fee and 100 burst payout. The efficient fee would again be 1%, but payouts would be more favourable.
Ninja style pools keep the payout to themselves. That means they need to mine a block before they send payout and all payout are including in the mined block.
This would not hurt @falconCoin, but it would give an illusion of low fees.
@falconCoin
Changes mean the following:
Long term miners pay a very little fee. By only paying every 48 hours, miners that are unable to find a block once a week will not get punished as hard as other pools.
The min payout (500 burst) makes it very appealing for big miners, who will pay very little in mining fees.
I have updated my spreadsheet with a new column called efficient fee. Notice your pool as the second lowest.
Currently, your minimum deadline is suggesting a ~3 TB min capacity size. (Base target dropped since yesterday. (Like Bitcoin difficulty going up)). Also one of the lowest with only pools having no deadline and http://pool.burstmining.club beating it.
The fee change is simply a calibration to make the efficient fee 1%.
Edit: To add to this, look how @Tate-A 's pool has an efficient fee of 2%, while having a pool fee of 0%. If you wanted to do the same trick, simply lower the pool fee and change the min payout to 100. Your pool fee is 0%, but efficient fee is 1%.
@darindarin The numbers are for the payout fee, which in turn is beneficial for the miners. Not directly the payout.
Reducing the deadlines puts a bigger stress on the pool. It is not against the payout, as the payout should be the same over a long period of time.
If @falconCoin has the equipment to handle it, I don't see anything wrong. It can also be increased later if the pools is put under a big stress.
As this is a new pool, I believe this is a chance to make the perfect pool for everyone.
Here is my proposal:
Deadline = 3456000 (40 Days). This will lighten the work on the pool and allow both small and big miners to mine. According to my calculations, it requires 2.2 TB to mine with this deadline. (2^42/566588/(60 · 60 · 24 · 40))
Changing payout to 500 Burst or 48 hours. Are you a big miner, this is an efficient 0.2% fee. 48 hours ensures small miner also get paid, but the payout is not eaten.
Fee changed to 0.8%. This makes it the pool have an efficient fee of 1%.
Compare this to pools with 1% fee and 50 Burst payout. They have an efficient fee of 3%. My change will make FalconBurstPool 3 times better than pools with above structure and 33% better than burst.ninja style pools currently managed by @Haitch with 1% fee.
As thanks for doing this, I will be moving my miners to the pool.
Edit: If someone wants to discuss the following ideas with me, you are welcome. If we can improve more in favour of miners I don't see any problem.
Moved to Pool Announcements
Moved to Off-Topic.
If Focus writes here, it can be moved to General Discussion or asset exchange.
Moved to Concerned Assets.
If @cjellis245 doesn't reply within 1 week, it will be moved to scam assets.
@FLEGI I am updating the pool list.
It takes a lot of work, because of that I made it publicly editable, as people were wanting to update it. However, that only caused people to change the layout and make it more incorrect.