To the guys/girls behind grinmint
Please add a pool fee, even if it’s 1%, as an extra to the dev fund on top of the reward. why not?
someone needs to speak to NiceHash as well, they now have skin in the game and bminer is being used, I’ve just checked the Nicehash legacy miner and bminer is included.
cheers
There is open source pool code.
@igno.peverell it looks like we just need regular shaming and the model is actually pretty effective. What a turn out I’m so proud.
They announced this recently:
Grinmint will start enforcing mining fees in the next couple weeks. The fee will be 2% for the mining pool and an additional 0.5% for the Grin project.
perfect! it makes a lot of sense, thanks for the heads up
I almost feel bad for GrinMint because they’ve had to claw their way up to their current position at 0% fees and now people are asking for them to implement a 1% fee before they’ve even enacted a fee to cover their own costs. The issue is that the coin is being dominated by pools and miners from outside of the community, many who straddle multiple currencies and see GRIN as just another revenue stream.
In GRIN’s decision to launch as quickly as possible, likely out of worry that other MW currencies would steal the spotlight, they have ensured that community-driven pools had neither the time nor core infrastructure to make a dent compared to the mining pool behemoths that showed up. How can small teams of mining pool devs expect to successfully launch with the coin when the wallet wasn’t performant enough to handle payouts of that frequency / magnitude and core changes were being made up all of the way up to the launch? The only pools that were able to handle this sort of environment were ones that already had pool infrastructure written (ie from other coins), hash power on standby (again, from mining other coins), and could eat any potential losses (again, because they are well-funded).
I know so many normal individuals who were so excited about this coin for so long and literally none of them are happy with the way things went following launch. I fully understand that this space is no longer a small-man’s industry anymore, but there were so many things that could have been done differently.
If any of the mining software out there isn’t enacting the % fee that is supposed to go to the dev fund then why not out them so that we know which teams they are? As it stands it’s hard to figure out which pools are contributing to dev funds and which are not. Does the dev fund go toward YeastPlume’s fund? The core devs have also been somewhat unclear on that as well.
Ultimately if you wanted to make sure that pools were donating a fair share to the dev fund then helping to support a community-driven open-source pool codebase would have done wonders to help. Unfortunately the only open-source pool that I’m aware of didn’t receive nearly that sort of support and now is becoming defunct.
at his point it’s Grins biggest enemy by far.
Mining has always been extremely risky with thin, highly competitive margins. The only exceptions have been during brief hype cycles when miners actually do make some money. Outside of a few months of hype, miners generally suffer hard.
This whole idea that miners make all the money and that it’s just easy to print crypto is just ridiculous. Anyone who has mined at scale will tell you how tough it is and how thin the margins are.
Do not expect one of the thinnest margin industries to cough up much cash, if any. Was that your plan all along?
In GRIN’s decision to launch as quickly as possible, likely out of worry that other MW currencies would steal the spotlight,
Who are you and why are you making claims about the dev state?
2 and a half years is the longest dev time of any mw coin I’m aware of? Are you a beam shrill that’s projecting?
this will end the project.
Nope. I don’t have any “all along” plan, other than what has already been said over and over. We need everyone to pitch in within their means. And obviously right now, that should still be more than $1500 (which is what @yeastplume had before I sent this).
who is “we” ? and why?
If my memory serves me correctly then core dev estimates for launch were Q1 or Q2 of 2019. January 15th is almost the earliest within that time period that could have been chosen. Both miners and mining pool admins were making lots of comments about how the stability of the mining and mining pool software was some of the most unstable that they have experienced during a launch (correct me if I am mistaken).
Even if I were a BEAM shill, which I’m not, it would not invalidate my argument (ie it’d just be an ad-hominem attack).
The core devs have talked about working with the mining pools to create a devfund account controlled by the core devs that miners could mine to, but I’m not sure that it was ever implemented. I’m not sure if that’s an issue with communication between core devs and mining pools or what.
Manual / one-time donations to the devs and their campaigns is not going to work in the long-run. They need to be working with the pools and mining software coders to create solutions where revenue naturally finds its way toward the dev fund (for example as default configuration that miners can change when they first set things up).
There should be a clear list on grin.mw that shows who is contributing automatically to the dev fund and who is not.
Looks like you all decided to prove me wrong, I like it! Thanks a ton to @keepwalking1234 and Sparkpool, as well as everyone who pitched in after this email. This is very much appreciated and it looks like Yeastplume is fully funded for this new period, which is awesome!
We’re still going to need you, so recurring donations to the general fund will be the most helpful at avoiding emergency situations like these. As I mentioned before, we have used all previous donations judiciously and will continue doing so, mostly to continue and facilitate development (no lambo).
Going back to work now. Thanks again for your help and support. Still so much to do to keep Grin awesome!
You sure are unyielding with your holier-than-thou attitude. Believe it or not, investors can be enthusiasts and developers as well. The people sneaking in did probably not manage to get hold of a ticket and were probably wise to not draw attention to that fact. Are they not real developers? Enthusiasts? Are their donations to Yeastplume’s fund not valid? You are quick to put people to shame, but it is your behavior that is shameful.
With that said, Grincon is a great event, and you have my and others’ well-deserved praise for that.
Yep, I was one of the people who had their badges stolen 
thanks @sebseb7 for your comment. imo, I don’t think any enterprise is Grin’s enemy, including pool, exchanges, and any other business in Grin’s ecosystem, and no matter how big or how small. In contrast, I think it’s important to welcome any enterprise to join Grin’s Open Community.
Feels pretty gross that f2pool with almost 50% of the hash made a (reletively) small donation (compared to how much they’re raking in from grin). If they truly cared about the whole idea of the coin they’d suggest that people spread the hash. It’s unfortunate that no matter how amazing a project, greed comes in and screws things up. I’ll be thinking long and hard about how to discourage greed in the future, but I don’t think there’s anything that can be done to help humanity with this collective mental illness.
Greed is the foundation of capitalism and certainly the mother of PoW cryptographic currencies.
I’m saddened by the attitude surrounding this discussion, as nobody should be expected to do anything; every economic actor has nothing but his own self interest in mind and that is perfectly fine.
It’s literally the core assumption around Bitcoin (& therefore Grin).
Whether an operation will achieve a positive ROI on a donation to the salary of a dev is up to their own judgement, and rightly so.
Eh, let poeple be wrong about their outside thier field, if someone was pushing socailism when talking about speculating, then it would be worth correcting them. But an advert for donations, it’s soildly irrelevant if poeple are economically sane on the topic.