Miner Bonus Program | Paying Miner's $8.00/day per 1,000 KH/s!

[MicroGuy]

In support of GLD we're now paying miner's $8.00/day per 1,000 KH/s to mine Gold Coin (GLD).

The total amount budgeted for this program is $40.00/day which should result in an additional 5,000KH/s of mining power. What I'm requesting now are suggestions on how this plan should be organized, managed, and implemented. Basically I will need to know how to verify the paid rates are being achieved and how to fairly distribute these funds. It's also most certain that these rates will need to be adjusted over time.

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All rigs are paid in full through June 17th, 2013

[Currently enrolled miners]

Slot1 = Rig #1000
Address = E1dQJkrCefbsBptHmaxCBXb1ayxB1H8Byf
Rate= 1,200KH/s
Days active = 2
GLD/day = 3194

Update: The three rigs below are pointed here>> http://gld.cryptocoinmine.com/

Slot2 = Rig #1002
Address = EEunYzByDgQ5rxoUW3hZhz96JTnMfgfRZR
Rate= 1,720KH/s
Days active = 1
GLD/day = n/a

Slot3 = Rig #1003
Address = EEunYzByDgQ5rxoUW3hZhz96JTnMfgfRZR
Rate = 1,776KH/s
Address = 1
GLD/day = n/a

Slot4 = Rig #1004
Address = EEunYzByDgQ5rxoUW3hZhz96JTnMfgfRZR
Rate= 1,643KH/s
Address = 1
GLD/day = n/a

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[Sting17]

This seems like a really great idea. The question is, will this be in place before or after the difficulty change?

[bitshirehashaway]

It should be before the difficulty change because that's when we need people to mine. Reward should be @ .01 BTC to each person who finds a block between now and then and can confirm it.

[MicroGuy]

I have just budgeted $125/wk towards this project which I can guarantee for a minimum of 8 weeks for a total of $1000 in payouts. I can convert this money to either LTC, BTC, or GLD. We will just need someone to administer the program and forward the payments to the winning miners.

Does anyone have any ideas or suggestions in terms of a payment administrator and how winning miners should be verified and payed?

[Sting17]

Can it be traced through the block chain? My knowledge of the block chain is not very extensive. I'm going to through my miner back to GLD tonight, in about 5 hours.

I would also say they need to be members of this forum to qualify.

[MicroGuy]

Can it be traced through the block chain? My knowledge of the block chain is not very extensive. I'm going to through my miner back to GLD tonight, in about 5 hours.

I would also say they need to be members of this forum to qualify.

Thanks for the input Sting. I was just thinking and we can adjust the $1000 payout as needed. It could be spread out over anywhere between 6 to 8 weeks. I also like your idea about requiring the miners to be a member of this forum. So let's go ahead now and make that one of the qualifying criteria.

[coingobbler14]

Hi, when does this promo start?  what do you need?  just my address?

[MicroGuy]

Hi, when does this promo start?  what do you need?  just my address?

The promo starts today. We just need an administrative method.

[coingobbler14]

Here is my GLD address E7DLLpJ54jw3kXzqr9CMz6o3DaK2S7L7SR

So whenever I solve a solve a block I will post the block # and the link to a blockchain exlorer so that you can match it to my address.  This will at least make it easy on whoever administers it.

But what you can do for others who don't do this, is find a GLD blockchain explorer, and just look at each block for which address solved it.  If they do not post their address here and didn't join the forum, then you don't have to worry about paying them.

BTC: 1NZPtqHawz6dtWrfRns8pTx6E81FAn68vQ
LTC: LRWAiugVC1BKjKg8AkraffZ1nA774uQyV5

Doesn't matter what I get paid in, but I would prefer BTC/LTC so I can buy GLD at the best time/price I can get.  I hope to solve some blocks this weekend!

[ipaint]

I was just checking the block explorer on http://cryptocoinexplorer.com/ and to tell you the truth no idea what I'm looking at lol ... I can't tell who found block 20846.

Here's my address GLD: E94cDZQNXcQ8wtN63MTRRgvpfPHbDvfCdM

LTC: LZ4CCrHMaHY1jNkZauquAePMZkRgEXqNRK

BTC: 1LdEn6yzrzNXSMTRmjrg8XrjXButctoaYe

[Sting17]

I'm mining now. However how do we find which address the payment its sent to when mining solo? Just check the transaction details in the client?

[Stouse49]

I'm mining now. However how do we find which address the payment its sent to when mining solo? Just check the transaction details in the client?

Yes, the transaction details will contain the information.  When I was mining solo in the beginning, I was able to determined that I mined block 152.  With solo mining, you may have a different address for each block.

However, if a person is a member of a pool, I am not sure how you could prove that who solved the block.  On GLDCoin VirCurPool, they display information on the last 50 blocks (for now that moves slow, but after the difficulty adjustment won't).  For the p2pool pools like afraid.org and coinminer.net, for every block solved all the members are paid according to their shares, but on those sites, I could find no information about who solved the block.  The administrator of this program would have to work with the pool operators.

[GoldMine]

You might think that because I have the username : GoldMine that obviously I am heavy into mining,

but in reality, when I was joining the other forum, I was just trying to get into the theme of the thing, you know.

I wanted a good name, and with a new forum, I reasoned alot of good names were still available.

Unfortunately, I haven't been of much use in regards to mining in these early days of gldcoin, and I was thinking I might buy a different computer for mining.

I think that you are showing that you have somewhat of financing, and as such, I believe people will follow the money sort of thing, so you stand a good chance of having this forum become the main forum then.

GLDcoin was lacking what you are bringing to the table, and I think it is great news to have you come on board, and I thank you for giving bonuses to the miners.

With your permission, I will write my next post about you paying the miners bonuses ? You can even let me know what you want me to say. Thanks again

Great News. 

[MicroGuy]

You might think that because I have the username : GoldMine that obviously I am heavy into mining,

but in reality, when I was joining the other forum, I was just trying to get into the theme of the thing, you know.

I wanted a good name, and with a new forum, I reasoned alot of good names were still available.

Unfortunately, I haven't been of much use in regards to mining in these early days of gldcoin, and I was thinking I might buy a different computer for mining.

I think that you are showing that you have somewhat of financing, and as such, I believe people will follow the money sort of thing, so you stand a good chance of having this forum become the main forum then.

GLDcoin was lacking what you are bringing to the table, and I think it is great news to have you come on board, and I thank you for giving bonuses to the miners.

With your permission, I will write my next post about you paying the miners bonuses ? You can even let me know what you want me to say. Thanks again

Great News. 

Thank you for your kind words.

I think it would be great if you would write about this bonus program. I also contacted the developer today to see if he has any input on how to best distribute these funds.

[GoldMine]

Thank you for your kind words.

I think it would be great if you would write about this bonus program. I also contacted the developer today to see if he has any input on how to best distribute these funds.

I wrote a post about this bonus $$$$ program, where miners get paid bonuses for finding blocks when they mine GLD.  http://gldcoin.webs.com/apps/blog/