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Author Topic: JPool for Nxt forging with 2.58 PPM earning per day guaranteed  (Read 6228 times)

Jimmy2011

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JPool-1: 15057880309609227626
JPool-2: 7778402592628834039

As come-from-beyond proposed that "big fish should split their accounts" (https://nxtforum.org/general-discussion/big-fish-should-split-their-accounts/ ), JPool added the second account 7778402592628834039 to the lessors. The first pool right now has forging power more than 5 million Nxt, so please lease your balance to the second pool. You can get exactly the same profit from either pool as your earning is just depending on your balance and the forging time.

-------------------------------------------------------------------------------------------
I'm building JPool for the Nxt community forging. JPool account: 15057880309609227626, welcome to use JPool to forge.

Your earning is guaranteed, that is, 2.58 PPM (may be adjusted in the future) per day at present. If you lease 1 Million Nxt into JPool, you can earn 2.58 base Points per day. Base point means the minum tx fee of the Nxt system, which is 1 Nxt at present.

Note after you lease out your forging power to JPool, the earning is not calculated until 1440 blocks have passed.

You can request withdraw the earnings by sending a message to JPool account when your earnings are greater than 2 base points. The earnings will be sent to you minus 1 base point for the tx fee.

- Apart from the forging earning, JPool also get NSC asset by running the forging pool,  so I will distribute it right now at 1.5 NSC Per million Nxt per day to the lessors. Of course, it may be adjusted.


- Jimmy2011   2014/5/6

------------------------------------------------------------
20130519: JPool web page: http://jpool.stakexplorer.com


------------------------------------------------------------
20140513: A simple page was created for the pool accounting.
http://jpool.stakexplorer.com/jpool.txt

Accounting:

Lessor          LeasingFrom   LeasingTo   Earning
6176343809576431834     131844          133284      Link
6176343809576431834   133284      134724      Link
11843913335581784853   131851      146251      Link
2869735457012956640   133377      147777      Link
8855486039270473101   131864      146264      Link
4569066494455771495   135429      136869      Link
14914332256998309109   135326      136766      Link
4569066494455771495   135429      136869      Link
8433246434523360959   135714      137154      Link
17606898887289872279   135696      138576      Link


JPool Effective Balance: 2542445

JPool generated 10 blocks and earned 26 Nxt.
132024 2014-05-08 17:33:01  0
133385 2014-05-10 09:26:46  2
133658 2014-05-10 16:30:44  0
133916 2014-05-11 00:00:29  0
134143 2014-05-11 07:19:03  1
134259 2014-05-11 11:44:48  14
134459 2014-05-11 18:17:17  0
134960 2014-05-12 08:59:08  1
135174 2014-05-12 15:34:15  3
135337 2014-05-12 20:05:48  5
« Last Edit: June 02, 2014, 08:49:19 am by Jimmy2011 »
NXT-LX5G-L63N-ST8S-9LVZY

Jimmy2011

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The forging is in effect and running well. There are total 4 users with total 846992 Nxt forging right now.
NXT-LX5G-L63N-ST8S-9LVZY

Jacinto

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I don't get the "base point" thing.

Could you elaborate it a bit more please?
BCNext son.

apenzl

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I don't get the "base point" thing.

Could you elaborate it a bit more please?
+1

Jimmy2011

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@Jacinto  @apenzl  Thank you very much for your interest.

Base point = the minimum fee required for the tx in the Nxt network

At present, the minimum fee for the tx is 1 Nxt, so Base point right now is 1 Nxt. If the network adjusts the fee to 0.1 Nxt, then Base point = 0.1 Nxt.

The earning per day 2.58 PPM is just my simple model result. It will change if there are great deviations. Of course, I will announce the change at least 7 days earlier before the real change.

Anyway, this is an experimental project. Let's see.
NXT-LX5G-L63N-ST8S-9LVZY

nCtrl

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Forging pools now have a wiki page. To avoid people rushing to the same pool it would be great to give equal visibility to different pools.
Can you give me some informations regarding your pool as I did for nxtcrypto's one? https://wiki.nxtcrypto.org/wiki/Forging_Pool#List_of_forging_pools, to see the kind of information needed. (if something is missing, feel free to add).

You can either answer here or send me a message, I can update accordingly. If any of the informations change (or you get a website etc) just let me, or anybody on the wiki, know.
« Last Edit: May 08, 2014, 04:29:29 pm by nCtrl »

Jimmy2011

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Thank you nCtrl for your help.

JPool:
Forum thread: https://nxtforum.org/index.php?topic=1070.0
Pool address: 15057880309609227626
Website: not available at present
Pool status: http://localhost:7876/nxt?requestType=getAccount&account=15057880309609227626
Pool earnings: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=15057880309609227626
Characteristics:
Lease fee: 1 NXT
Earning rate: calculated based on the base point (bp) --- the minimum tx fee required in the Nxt system, present earning rate is 2.58 PPM per day, and it may be adjusted; PPM = base points per million Nxt
Payout request: done via arbitrary messages, or possible contact by PM in the forum with signature
Minimum Payout: 2 base points

NXT-LX5G-L63N-ST8S-9LVZY

Jimmy2011

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allwelder

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great work,Jimmy2011
If have website will be much better for promotion.
NxtChina |Weibo |Twitter Donation welcomed:NXT-APL9-66GU-K8LY-B3JJJ

Jimmy2011

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great work,Jimmy2011
If have website will be much better for promotion.

Thanks.

I will write up a simple page to do the statistics.
NXT-LX5G-L63N-ST8S-9LVZY

Jimmy2011

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Pool status:

Lessor                           LeasingFrom    LeasingTo
6176343809576431834     131844          133284
11843913335581784853    131851          146251
8855486039270473101     131864          146264
Pool Effective Balance: 846992

Pool generated 1 block and earned 0 Nxt.
132024 2014-05-08 17:33:01  0

----------------

Here we just recorded the block number starting leasing and the block number ending leasing. The earning will be calculated based on the real forging time and the lessor's real effective balance.


« Last Edit: May 09, 2014, 04:13:26 pm by Jimmy2011 »
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Jimmy2011

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Pool Status:

Lessor                  LeasingFrom     LeasingTo
6176343809576431834     131844          133284
6176343809576431834     133284          134724
11843913335581784853    131851          146251
2869735457012956640     133377          147777
8855486039270473101     131864          146264
Pool Effective Balance: 2076990

Pool generated 2 blocks and earned 2 Nxt.
132024 2014-05-08 17:33:01  0
133385 2014-05-10 09:26:46  2
NXT-LX5G-L63N-ST8S-9LVZY

allwelder

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More than 2 million leased,great.
NxtChina |Weibo |Twitter Donation welcomed:NXT-APL9-66GU-K8LY-B3JJJ

Jimmy2011

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Jimmy2011

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FAQ:

Q: What does "JPool" stand for?
A: "JPool" is a pool for Nxters joint forging as compared to solo forging.


« Last Edit: May 11, 2014, 01:21:08 pm by Jimmy2011 »
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Jimmy2011

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Pool Accounting:

Lessor                  LeasingFrom     LeasingTo
6176343809576431834     131844          133284
6176343809576431834     133284          134724
11843913335581784853    131851          146251
2869735457012956640     133377          147777
8855486039270473101     131864          146264
Pool Effective Balance: 2076990
(in ~ 1 day, Pool Effective Balance will be ~ 2580000)

Pool generated 6 blocks and earned 17 Nxt.
132024 2014-05-08 17:33:01  0
133385 2014-05-10 09:26:46  2
133658 2014-05-10 16:30:44  0
133916 2014-05-11 00:00:29  0
134143 2014-05-11 07:19:03  1
134259 2014-05-11 11:44:48  14


NXT-LX5G-L63N-ST8S-9LVZY

pazor

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hi jimmy,

how we can participate of the forging fee of the pool ?
do you pay weekly the proportional fees ?

pazor
NXT: 5507488987668838177
BTC: 12jiBjT2GSWYk2HwYdPqsQMuLqZ1br9D37

Jimmy2011

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hi jimmy,

how we can participate of the forging fee of the pool ?
do you pay weekly the proportional fees ?

pazor

The lessor's fee earning is calculated as following: 

fee earning = effective balance * foring time in seconds * 2.58 / 86400 / 1000000

If the effective balance is changed during the forging period, the fee earning will be computed as the summation of fee earning from each period by the parameters of the corresponding effective balance and forging time.

I will add a column of the fee earning for each lessor tonight.

I will pay the lessor upon request.
NXT-LX5G-L63N-ST8S-9LVZY

Jimmy2011

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20140513: A simple page was created for the pool accounting.
http://jpool.stakexplorer.com/jpool.txt

Accounting:

Lessor          LeasingFrom   LeasingTo   Earning
6176343809576431834     131844          133284      Link
6176343809576431834   133284      134724      Link
11843913335581784853   131851      146251      Link
2869735457012956640   133377      147777      Link
8855486039270473101   131864      146264      Link
4569066494455771495   135429      136869      Link
14914332256998309109   135326      136766      Link
4569066494455771495   135429      136869      Link
8433246434523360959   135714      137154      Link
17606898887289872279   135696      138576      Link


JPool Effective Balance: 2542445

JPool generated 10 blocks and earned 26 Nxt.
132024 2014-05-08 17:33:01  0
133385 2014-05-10 09:26:46  2
133658 2014-05-10 16:30:44  0
133916 2014-05-11 00:00:29  0
134143 2014-05-11 07:19:03  1
134259 2014-05-11 11:44:48  14
134459 2014-05-11 18:17:17  0
134960 2014-05-12 08:59:08  1
135174 2014-05-12 15:34:15  3
135337 2014-05-12 20:05:48  5
NXT-LX5G-L63N-ST8S-9LVZY
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