PROOF-OF-FUN MINING UPDATE
1) Mining pools allow users to team up and boost their individual mining success rates through collective participation.
2) How It Works:
I. Pool Creation
- Any user can create a mining pool with a name, description, and optional social links
- Each pool gets a unique 6-character invitation code (e.g., H3USX6)
- The creator automatically becomes a member
II. Joining a Pool
- Users can join an existing pool using its invitation code
- Users can only be in ONE pool at a time
- Must leave current pool before joining/creating another
III. Success Rate Boost System
- The pool applies a difficulty multiplier to each member's mining attempts
- This makes it easier to find valid blocks by lowering the required difficulty threshold
IV. Bonus Structure:
- Pool Creator: Gets a base 10% bonus (0.10 multiplier)
- Pool Members: Get a base 5% bonus (0.05 multiplier)
- Active Members Bonus: +1% for each a
- Active member in the pool (0.01 multiplier)
V. Active Members
- Members are considered "active" if they've mined within the last 24 hours
- More active members = higher bonus for everyone in the pool
3) How the Difficulty Multiplier Works
- When you mine with a pool bonus of, say, 8% (0.08):
- The system calculates: finalDifficulty = baseDifficulty * (1 + 0.08)
- This means if base difficulty is 10, your effective difficulty becomes 10.8
- The hash you find need to beat 10.8 instead of 10
Important: It's NOT additive - it's a multiplier on the difficulty, which translates to a higher success rate
4) Pool Statistics
- Tracks total attempts, successful blocks, and total rewards for the entire pool
- Tracks individual member stats within each pool
- Shows active vs total member counts
5) Pool Page Features
- View pool details, members leaderboard, and stats
- Creators can edit pool info
- Members can leave the pool
- Share pool invitation on social media
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