The initial resolution was to distribute the funds to the shelved shares during the time period associated bitcoin miners who would have potentially eligius affected eligius the withholding attack. Well, no not bitcoin. Accounts are still in no way required for mining at Eligius, eligius are required for participating in the share market. Once you hit the threshold, your payment is queued with other pool users, and as bitcoin are found, they send the payouts. In that time the mining landscape has changed significantly. Someone can then purchase a number of your shares from you.
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Shares that are reassigned are tagged as such in the share log. Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! You get paid your asking price, and the buyer is then awarded by those shares each time a block is found from then on just as if they had mined them instead of you. If for whatever reason the payout is not confirmed when Eligius finds a block either through a double-spend attempt or other issue with the payout the shares are simply retained by the seller. Eligius does not require or support registration of any kind if you just want to mine Bitcoins. Share Market To make the share assignment system possible, Eligius will be opening a share market where miners can sell their shares to either other miners or general buyers on either a per share basis or automated based on a portion of their shares submitted and a set calculated price. Eligius is currently running a segwit compatible bitcoind, however the pool side updates have not caught up yet.
This transition, which has been announced for several months with an bitcoin time frame, is eligius taking place. Assuming it is, or the payment received confirmation before this, the shares bitcoin be reassigned for that block and the buyer appropriately awarded. I will also be posting this writeup on Eligius's website. Shares near the extreme end of the share log soon eligius be discarded will not be able to be sold. Eligius will have full segwit support in the same time frame as the above. Bitcoin review is based on a relatively small amount of hashing, a few hundred ghs. Eligius feed the trolls.
January 08, , Effective as of block Eligius-Ra has been shutdown with Eligius-Hu has taking its place. This transition, which has been announced for several months with an indefinite time frame, is finally taking place.
I have detailed some key points about this transition below. A final payout was made on to all Eligius miners with a balance of at least 1 TBC 0. A total of 5, Eligius miners were paid across 18 transactions, all of which appear to be confirmed at the time of this writing.
A few outstanding issues remained with payouts for Eligius-Ra. Those were the hold placed on payouts to known MtGox mining addresses February and the disposition of payouts held with regard to a block withholding attack June Both of these issues have been discussed with legal counsel in depth. Our counsel had diligently reviewed available case law that may have had relevance as well as contacted several authorities in the course of their research in determining a proper course of action for these two issues.
MtGox The disposition of the held payouts to miners using addresses associated with MtGox had been researched thoroughly. Unfortunately this turned out to be unsuccessful. The team handling the MtGox bankruptcy case was unwilling to assist Eligius or the users with this situation.
With no way to cryptographically verify ownership of the addresses cousel advised that the only course of action was to release the payouts to their original MtGox wallet addresses. This in fact done in the final payout for Eligius-Ra. In the interest of full disclosure, wizkid did personally know one miner who utilized an MtGox wallet for their Eligius mining.
In early , prior to the advice of counsel, that payout of approximately 0. Per counsel, the payout to the original MtGox address for that miner must also still be made and was made in the final payout. This error was personally covered by wizkid Block Withholding Attack A potential disposition of funds associated with the admitted June block withholding attack was also researched extensively by counsel.
The initial resolution was to distribute the funds to the shelved shares during the time period associated with miners who would have potentially been affected by the withholding attack. Further analysis showed that the majority of the addresses from that time period actually had no shelved shares that would have otherwise been paid had the attack not happened.
Only a very small number of miners did not fit into these categories as it appears that miner turnover was quite high since then. General morals coincided with the advice of counsel in this case. It would not be right to utilize a distribution method that disproportionately benefited the pool itself in the form of hundreds of low-balance donations and instead actual miners should be awarded.
The distribution of these funds went as follows, as approved by legal counsel: Miners from the time period that were no longer active at Eligius nor had a balance but had a potential reward deficit of more than 2 TBC 0.
The above only helped less than 0. This had the effect of rewarding a large number of shelved shares of miners who have been active at Eligius over the past half-year or more.
Normally any payout less than 2 TBC 0. Instead, miners with a balance of less than 1 TBC 0. Those addresses were then removed from the share log and the sum of culled funds were awarded to the share log and another final payout was computed.
This repeated until there were no more payouts below 1 TBC. Long story short, instead of low balances being donated to Eligius they were instead distributed to other miners who had been actively supporting the pool. The final payout went to 5, addresses in the following transactions: Eligius-Hu - The Next Iteration Eligius has had several different reward systems over its many years of operation.
In that time the mining landscape has changed significantly. For example, when Eligius was founded the network difficulty was a mere fraction of a percentage of what is today and the number of miners has increased just as much. Eligius has always been hard at work improving to provide the best pool with the lowest possible fee: Eligius-Hu is the next generation of these improvements.
Like other iterations before it, Eligius-Hu will also utilize a robust coinbase payout system, directly paying miners from the blocks found by the pool. There are no still no mining fees at Eligius! Many pools today use this system. However, as always Eligius stands out from the crowd. There are no shifts. A full share log is kept, and when a block is found shares are rewarded accordingly. While this may seem difficult to keep such a large share log, keep in mind that this work was already mostly done when CPPSRB was created: Under this reward system a miner is permitted to reassign any share that has been accepted and is in the share log.
Well, you decide to put your shares up for sale at 1. Someone can then purchase a number of your shares from you. You get paid your asking price, and the buyer is then awarded by those shares each time a block is found from then on just as if they had mined them instead of you. This person then gets a generated payout from Eligius for their earnings just as if they were a regular miner. A shortened summary is that miners can set a price that they want to earn for their shares and either they will be awarded by the pool normally for those shares not reassigned or they will be paid their asking price reassigned.
Miners can potentially earn more for their shares, and buyers can get generated coins from Eligius as if they were Eligius miners themselves. Additionally, miners may choose to put their shares for sale for less than their expected value.
The result would basically be you accepting a small cut in payouts, on average, in exchange for less payout variance. In my private discussions with others during development this was a very well received point of the system. The owner of a share can let it stay in the share log and be awarded by blocks or they can choose to sell it again if they like. Shares near the extreme end of the share log soon to be discarded will not be able to be sold.
Generally newer shares will have more value than older shares as they have the highest chance of being awarded by blocks as many times as possible. The market will have some generic probability calculations available for sellers to use in pricing.
Share Market To make the share assignment system possible, Eligius will be opening a share market where miners can sell their shares to either other miners or general buyers on either a per share basis or automated based on a portion of their shares submitted and a set calculated price. What will set Eligius above the competition is the fact that all transactions on the share market will be public and will be cryptographically verifiable. When a miner puts a set of shares up on the market they must sign a message that is associated with their actual mining devices in order to place that sell order.
Zero confirmation payouts to third parties? Well, no not really. Keep in mind Eligius is a mining pool and can choose which transactions to include in its blocks, and also that shares are not awarded until the pool finds a block.
So, when a buyer submits a payment to a seller directly Eligius will ensure that this payment is included in its next block provided it meets all the criteria specified and no anomalies occur before confirmation.
Please be sure to pass a valid address as your username, as incorrect usernames will be silently ignored and earnings will be SMPPS reward system provides a fair payment for mining, combined with a great community. As always, Eligius plans to support full miner customisation of their own policies via GBT as soon as it's finished. However, since that is still a bit off, we've decided to hold a public discussion to determine the more near-future Eligius transaction mining policies.
Topics may include things such as spam filtering, transaction You just enter in a Bitcoin An increasing number of malware samples in the wild are using host systems to secretly mine bitcoins. In this post, I'll look at an affiliate program that pays people for the mass installation of programs that turns host machines into bitcoin mining bots.
The FeodalCash bitcoin mining affiliate program. Eligius Mining advertencia Posible futuro scam???