Prohashing Mining Pool Forums

excelerator wrote:Excited to see this new feature - what is your formal release cycle and/or do you have a estimated date?

Would be very glad to throw some Titan controllers at testing this.

I develop the new features and perform initial testing. Chris is responsible for trying edge cases and regression testing. He's been doing that for a few days and we are 90% certified.

Our release process is that website releases go out with relatively little review and the webserver is restarted frequently. A display issue in the website will not cost money, and the site being down for five minutes still allows mining to continue.

We aggregate mining server releases to make sure that we have many changes at once, because restarting the mining server causes some miners to switch to other pools. Reliability in mining is important, which is why this change will be delayed until we can also add in other things.

The trader code rarely changes. Some parts, like the payouts, have not been changed in two years. That code is absolutely critical that it be rock solid, because lots of money could be lost. Chris tests everything with a parallel development system that uses small amounts of real money in duplicate accounts on every exchange.

Seeing that, the answer to your question is that we want to add in two other fixes: the ability to mine Novacoins, and the new exchange Novaexchange, which lists a lot of coins that we don't currently have listed. We've almost achieved certification on the solo mining feature, and Novacoins were done last week, but Chris is still working through the Novaexchange testing. Once Chris has tested with Novaexchange, he'll inform everyone of when he will execute the release.

Hope that helps!

Minerman wrote:I am not sure I understand this feature!

With a Titan:

Probability of a Block in 30 days 99.45%

I'm not sure what coin you're getting those numbers for.

This feature is basically an improvement over setting up a coin daemon on your computer. You connect to your account, and mine solo blocks, taking on all the risk. Your miner mines one coin, and gets paid solely in that coin. You can use this feature for one miner in your account or for all miners at the same time.

If you choose to mine Litecoins, for example, you will spend most of your time earning only merge-mined rewards, until you find a block. However, this is better than installing a coin daemon because you don't need as much RAM, disk space, and CPU usage, and because we offer merge mining, which means that even after we take a cut you still get 105-107% of what you could earn yourself.

Really looking forward to this.

I'm hoping you'll offer the coin auto-switching option in the solo mining feature and mine directly to the addresses we provide per coin, switching like you normally do when circumstances dictate it's a better bet to go to another coin. While providing the option to "pick & stick" multiple coins through a single port and mine it is great, using your unique IP to autoswitch coins based on your judgement is extremely powerful.

Minerman wrote:I am not sure I understand this feature!

With a Titan:

Probability of a Block in 30 days 99.45%

Is it true that you only get paid if you find a block? I don't get how this could be more profitable then just mining like normal where you get paid no matter if you find a block or not.
Only if you have Titans with lots of hashpower maybe I could see doing this. Seems like a waist of time IMO

excelerator wrote:Really looking forward to this.

I'm hoping you'll offer the coin auto-switching option in the solo mining feature and mine directly to the addresses we provide per coin, switching like you normally do when circumstances dictate it's a better bet to go to another coin. While providing the option to "pick & stick" multiple coins through a single port and mine it is great, using your unique IP to autoswitch coins based on your judgement is extremely powerful.

Forgive me as I am trying to understand this whole mining solo thing. It did not seem worth it if you were only lets say mining Litecoin only. Now what you are saying above I have a question.. Is it basically you want to be able to mine on this pool solo keep all the blocks you find and have auto switching to the most profitable coin also? I am just trying to see how this can be more profitable for everyone and not just a few that have massive hash power.. Thanks

CritterDog wrote:

excelerator wrote:Really looking forward to this.

I'm hoping you'll offer the coin auto-switching option in the solo mining feature and mine directly to the addresses we provide per coin, switching like you normally do when circumstances dictate it's a better bet to go to another coin. While providing the option to "pick & stick" multiple coins through a single port and mine it is great, using your unique IP to autoswitch coins based on your judgement is extremely powerful.

Forgive me as I am trying to understand this whole mining solo thing. It did not seem worth it if you were only lets say mining Litecoin only. Now what you are saying above I have a question.. Is it basically you want to be able to mine on this pool solo keep all the blocks you find and have auto switching to the most profitable coin also? I am just trying to see how this can be more profitable for everyone and not just a few that have massive hash power.. Thanks

I think you're making the wrong comparison. Our offer of solo mining should be compared to solo mining by yourself.

• If you are a huge litecoin miner who has a lot of hashrate, and you only want to mine litecoins, then we can offer a reduced fee with solo mining compared to PPS. With solo mining, we don't have to spend money on network fees, trade fees, and withdrawal fees, and we don't have to keep money on hand to pay out debts to customers that we may never earn back due to bad luck.
• This feature is also targeted at people who just released new coins. There isn't a need for those people to set up an official pool when they can mine here. Small miners can solo mine these easy coins and still get regular payouts.
• If you normally solo mine with your own daemon, you can point those miners here and earn the merge-mining rewards from dogecoins and other coins. The merge mining shares outweigh the fee and allow solo miners to earn 105% of what they could earn through their own daemons, without having to use disk space, memory, and CPU for the daemon or having to maintain it. Our pool is also behind a UPS and a propane generator, and our daemon servers were last rebooted in March 2015. Uptime is important in solo mining because you lose a few percent if your daemon goes offline even for brief periods. Orphaned blocks are usually lower because we have a connection with a low ping time.

For most people (like you), solo mining isn't attractive. It can never be as profitable as PPS mining, because it doesn't switch coins. It doesn't offer the ability to get paid out in any coin; you're stuck with the coins you earn. Payouts don't occur regularly, because some coins require as many as 720 confirmations before a block confirms. Most people will probably stick with PPS because it has more features.

But solo mining does offer people who are enthusiasts of a particular coin who want to support that coin's network the opportunity to do so at a lower fee without having to do a lot of technical setup at home.

Steve Sokolowski wrote:

CritterDog wrote:

excelerator wrote:Really looking forward to this.


For most people (like you), solo mining isn't attractive. It can never be as profitable as PPS mining, because it doesn't switch coins. It doesn't offer the ability to get paid out in any coin; you're stuck with the coins you earn. Payouts don't occur regularly, because some coins require as many as 720 confirmations before a block confirms. Most people will probably stick with PPS because it has more features.

But solo mining does offer people who are enthusiasts of a particular coin who want to support that coin's network the opportunity to do so at a lower fee without having to do a lot of technical setup at home.

Thanks for the info but how is this any different then mining at a pool of a specific coin that uses PPLNS? What is different with what your doing compared to like "Hash-to-Coins" Pool?

CritterDog wrote:

Steve Sokolowski wrote:

CritterDog wrote:

Thanks for the info but how is this any different then mining at a pool of a specific coin that uses PPLNS? What is different with what your doing compared to like "Hash-to-Coins" Pool?

The major difference is that we include merge mining rewards, which are not available to people who set up a standard PPLNS pool. Merge mining is a difficult task that took us two months to get right.

Other than that, there isn't any difference. Customers asked for the feature, and this is just an expansion into more markets.

Steve Sokolowski wrote:

CritterDog wrote:

Steve Sokolowski wrote:

Thanks for the info but how is this any different then mining at a pool of a specific coin that uses PPLNS? What is different with what your doing compared to like "Hash-to-Coins" Pool?

The major difference is that we include merge mining rewards, which are not available to people who set up a standard PPLNS pool. Merge mining is a difficult task that took us two months to get right.

Other than that, there isn't any difference. Customers asked for the feature, and this is just an expansion into more markets.

Ok thank you for the explanation, sorry to ask all this stuff I am still learning a lot about how all this works.

I'm preparing to try solo mining with your new service (c=bitcoin, m=solo), but in the documentation I don't see the need to setup separate addresses for the different coins that were successfully mined. Does this mean that if I leave my account to have a single bitcoin payout address and change to solo, you will then credit all the coins I solo mined (without the "Lost" and "Orphan") to my BTC address? I saw in the documentation that payout proportions are ignored which infers no entry of separate address per coin type.