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HEAT Forum

December 14, 2017, 05:01:58 PM
News: 2017-10-10 Heatledger 2.0 with Heatwallet 2.2.0 released! NOTE: Balance leasing and hard fork at block 777777 https://github.com/Heat-Ledger-Ltd/heatwallet/releases
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Author Topic: https://heatpool.org - Pool forging without fees for below 10k stakes!  (Read 330 times)

VonGraff wrote https://heatpool.org - Pool forging without fees for below 10k stakes! on November 01, 2017, 09:18:53 PM
Last Edit: November 15, 2017, 09:54:51 PM by VonGraff
New HEAT forging pool - In short:
  • New (small) forging pool, based on a server which is already running to which I have leased my own stake as well!
  • Currently manual checking of your stake, and calculation of the forging rewards is based on calendar days at the moment, not specific blocks (but working on that, does not matter that much unless you are trading a lot...)

From now you can find all instructions related to my HEAT pool initiative, including a summary showing the current rewards status (still based on Excel and only updated once per day, but better than nothing) on:

https://heatpool.org

Let me know if you have any questions concerning this initiative, and getting the leasing up and running. I will aim for getting some updates to this post if needed in case additional instructions are needed. I also am a regular visitor to the HEAT slack, so send me a private message over there in case you need my support.

Enjoy the forging!

https://heatpool.org > Forging HEAT while it's HOT!
VonGraff wrote Re: Heat forging pool (VonGraff's edition) - No fees other than transaction costs on November 02, 2017, 08:58:19 PM
Last Edit: November 02, 2017, 10:48:42 PM by VonGraff
Today I am already happy to state that there are 2 additional lessors to the pool, one with about 1k HEAT, the other with 2.5k! The pool is already growing stronger.  8)

Also interesting to state, is that the 1k HEAT lessor now already has an open balance of 1.717 HEAT (within 1 day of forging), based on his/her stake% in the total pool and the fact that 3 blocks were forged thus far today! The other lessor will join the true pool stake tomorrow, once his/her lease becomes active.

So even smaller HEAT holders can join the forging fun this way!

https://heatpool.org > Forging HEAT while it's HOT!
plibblefits wrote Re: Heat forging pool (VonGraff's edition) - No fees other than transaction costs on November 07, 2017, 01:30:51 PM
Hi, Just starting to buy some $heat ready for the winter.

Have added my first 200 to your pool. will add more on purchases.

Redhead7624 wrote Re: Heat forging pool (VonGraff's edition) - No fees other than transaction costs on November 07, 2017, 02:38:28 PM
Hi, I've also added some HEAT to pool, will add some more after purchase..

VonGraff wrote Re: Heat forging pool (VonGraff's edition) - No fees other than transaction costs on November 07, 2017, 09:14:26 PM
Great and welcome! Already noticed the lease and added the id’s to my file!

https://heatpool.org > Forging HEAT while it's HOT!
plibblefits wrote Re: Heat forging pool (VonGraff's edition) - No fees other than transaction costs on November 09, 2017, 07:55:09 PM
Hi VonGraff - my lease now shows a negative remain blocks -

Lease: [from 812262 to 826662 remain -8906]

So I assume the lease is over. I know its only small (will lease for longer next time) but what were the earnings over that time.

VonGraff wrote Re: Heat forging pool (VonGraff's edition) - No fees other than transaction costs on November 10, 2017, 02:41:03 AM
I don't know your account ID, but the negative remain blocks is OK, as long as you see the pool ID underneath the "lease" on your account tab, you're leasing your heat to the pool. If you were not leasing, you would see "None" instead.

https://heatpool.org > Forging HEAT while it's HOT!
blinq wrote Re: https://heatpool.org - Pool forging without fees! on November 13, 2017, 03:05:37 PM
Hi, I am new on heat. I would like to join your forging pool. I tried the option "balance lease" and used the adress 7210663383474895503.
However, I still see my balance. Was it still leased to you?

VonGraff wrote Re: https://heatpool.org - Pool forging without fees! on November 13, 2017, 10:06:56 PM
Hi, I am new on heat. I would like to join your forging pool. I tried the option "balance lease" and used the adress 7210663383474895503.
However, I still see my balance. Was it still leased to you?

Hi Blinq, welcome here!

I see your lease inbound, as after you clicked on "send", the lease needs 1440 confirmations on the blockchain, before your balance is counted in the effective balance of the pool (and you can check that on the lessors tab on the pool's account in the heatwallet to see whether you are there). Note that you've used a period of 2880 blocks, which only is 1 day. Your rewards will accumulate in the pool, it will be easier for me to manage if you're using a longer period (anything above 20000 blocks, about a few days) is easier, hence much appreciated.

You will anyway always still see your balance, as your heat is still yours, except that you can't forge with it yourself as you leased that part to the pool. You can notice this by the effect that you don't have an effective balance anymore.

Let me know if you have any more questions!

https://heatpool.org > Forging HEAT while it's HOT!
blinq wrote Re: https://heatpool.org - Pool forging without fees! on November 14, 2017, 07:44:29 PM
Hi VonGraff,

Thanks for your reply.
Will I automatically receive my forged heat when the period ends?

I will surely start a new leasing period after this one ends, it was that short as I wanted to test this.

Kind regard,
Blinq

VonGraff wrote Re: https://heatpool.org - Pool forging without fees! on November 14, 2017, 09:32:54 PM
Hi VonGraff,

Thanks for your reply.
Will I automatically receive my forged heat when the period ends?

I will surely start a new leasing period after this one ends, it was that short as I wanted to test this.

Kind regard,
Blinq

Whenever I notice that someone is not leasing anymore, I will send the reward which the account generated. It's not automatic though!

https://heatpool.org > Forging HEAT while it's HOT!
VonGraff wrote Re: https://heatpool.org - Pool forging without fees for below 10k stakes! on November 15, 2017, 09:55:05 PM
Last Edit: November 16, 2017, 08:40:22 AM by VonGraff
Update on heatpool fee structure and some other rules:
I was stunned earlier today to see that the forging pool success is huge, with a current total stake just surpassing the 1M HEAT line! While I enjoy the enthusiasm, I must say that this makes it highly complicated to use my manual calculations on a day to day basis, as per day more than 100 blocks will be forged and the API does not even go beyond those 100 blocks (I use the API currently for a query in Excel). At the same time I also want to state that while I wanted to keep my pool free, I actually want to take a part of this back by installing a progressive fee structure to cover my efforts during the day (which are higher than anticipated), as well as to encourage big holders perhaps also to start creating a HEAT node of their own to improve the overall network stability AND also by getting some more donations towards the HEAT lottery which should serve as an additional driver to create your own node for staking. There is a great guide on heatnodes.org which can be used for this one, on a cheap VPS with Linux.

So without further ado, find below my updated fee structure for the heatpool, based on the amount of HEAT per holder (effective immediately for new lessors; current lessors remain free for their remaining leasing period):
  • <10K HEAT: 0% (free)
  • Between 10k and 25k: 0.5% for me as pool owner, 0.25% towards the HEAT node lottery
  • Between 25k and 50k: 1% for me as pool owner, 0.5% towards the HEAT node lottery
  • Above 50k: 1.5% for me as pool owner, 0.5% towards the HEAT node lottery

Some additional rules I would like to install from now on (effective immediately)
  • Rewards payouts should be requested not more often than once per week. Your cumulative rewards are included in your stake in the calculation, so no need to do more regular payouts
  • Please do not ask for reward payouts if there is hardly anything to payout, which I consider everything below 5 HEAT
  • As mentioned in my earlier instructions, I will only process the payout upon your request in the heatwallet
  • For a leasing period, don't use anything below 10000 blocks as it won't bring you much + I have a challenge in notifying those due to my manual daily check.

I hope you all understand the rationale behind this update

https://heatpool.org > Forging HEAT while it's HOT!
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