Dcr.stakeminer.com - "pay What You Want!"

Discussion in 'PoS Pools' started by woot, Apr 17, 2017.

  1. woot

    woot
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    Still highly available. Still spread across multiple cloud providers. Now subsidized.

    Pay what you want! Minimum % set to 0.01%. You can change the setting any time you'd like and match what you'd like to donate to the stake pool. Pay whatever you think a stakepool is worth to you!

    Good luck folks. I'll shut off sign-ups if the pool exceeds 20%.

    https://dcr.stakeminer.com

    For those looking to make direct donations, you can use this address:
    Dsn39V5nPe6yERQAwe2Ci7YCC1XgB6Hx7Hi
     
    #1 woot, Apr 17, 2017
    Last edited: Apr 20, 2017 at 9:31 AM
  2. woot

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    This will also serve as a support thread. If you'd like private assistance, you can email admin@stakeminer.com.

    Current Issues

    Issue 1. It was brought to my attention that Paymetheus does not allow a custom pool fee to be entered. The work around for this is to either manually donate to a donation address or to create a custom pool. I will be edit this post with steps for creating a custom pool shortly.
     
    #2 woot, Apr 17, 2017
    Last edited: Apr 20, 2017 at 9:32 AM
  3. adam2312

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    This is great news!

    Why was 20% chosen as the sign-up limit? I'm thinking 5% is better for decentralization. If you'd agree, maybe 10% is a reasonable balance?
     
  4. woot

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    Thanks Adam, we'll see how it goes... but I suspect this pool will become a discount, lower cost higher volume pool. If folks contribute enough, I'm happy to cap it lower. I do hope everyone pays what they think a highly available pool is worth to them. It'll be interesting to see, I'm going to work on some reporting from the blockchain on the fees and will post some aggregates once things get rolling.
     
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  5. Noah

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    This is an amazing idea. With this act you will become a true Decred legend
     
  6. Shadowlance

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    Just so you know, at 0.01% you'll lose all of your income to transaction consolidation.
     
  7. woot

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    I like to think that folks will pay what a pool is worth to them and not just pay the minimum.
     
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  8. Shadowlance

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    Well, just keep in mind the consolidation costs. I think the other pool owners did the numbers and anything below 4% gets significantly eaten up by transaction fees.
     
  9. jet

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    So it means in CLI language we can do

    Code:
    purchaseticket "default" 50 1 DcExampleAddr1For2Demo3PurposesOnly 1 DsExampleAddr1For2Demo3PurposesOnly 0.01
     
  10. woot

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    Yes, that would set your pool fee to the bare minimum of a hundredth of a percent. If you are intending to send 1%, then you would simply set it to 1. The instructions can be found:

    https://dcr.stakeminer.com/tickets
     
  11. anvoice

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    I think this will be an interesting social experiment. You'll probably get some "seeders" and a ton of "leechers", so this could be a balloon trying to float a tractor. Wish you luck though, it would be nice to see it succeed.
     
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  12. gratefulcheddar

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    Might it help that the minimum transaction fee is getting dropped to .001 DCR/kb?
     

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