This pool is completely automated and there is no minimum balance or lease length requirements. My goal is to create a laid back, easy going group of FIMKers.
Pool website has about a 1-5 minute delay behind blockchain. It may take 1-5 minutes before transactions on blockchain show up on website.Pool Website:http://fim.warmach.info/poolPool Account:
1% FIM at withdrawalPayouts:
Payouts are initiated by the lessor with a blockchain message sent to the Pool account. Message can contain anything except items in pool settings section. The message only indicates a withdrawal request of confirmed balance minus 0.1 FIM network fee and pool fee. Payout occurs when message reaches 1440 confirmations.
Depending on popularity of pool, I may enforce a maximum balance and automatically send a payout. I don't not wish to be a bank and hold large sums of money.Pool Logic:
When you lease your balance to the pool, the balance is used for forging blocks by the pool. If the pool forges a block, the block rewards are given to the pool. Once the block is confirmed, the block rewards are then divided up to those lessors proportionately who had active leases at the time the block was forged. The divided rewards are then recorded in the database while the actual funds stay in the pool's account. Once a request is made to withdraw the funds, the database calculates the total confirmed rewards available to the account and the payment is made to the lessor.
While the funds are being held by the pools account, they are used to increase the total forging power of the pool. This increases the likelihood of another block being forged which will then be divided up by the lessors. The pool account balance is not used when determining the ratio of the payouts. In this way, lessors continue to benefit from increased forging power. In addition, all fees paid remain in the pool account so as to again increase total forging power for the benefit of the lessors. The only time the pool receives any FIM is from the 1% fee. Forging payouts only go towards lessors.
If your funds remain in the pool after your lease has expired, any new block rewards received after your lease expiration will not be distributed to the expired lease account. Your funds will be used to increase forging power for pool and its active lessors. While you may not benefit, your fellow lessors do. Pool Settings
The pool software can accept messages sent via the FIMK network and will adjust the pool settings accordingly.
To adjust the settings, send a message on the FIMK network to the pool address above and include one of the following settings below. All messages sent to pool will send a response message indicating your message was received and processed.
Pool will respond with message listing the pool settings for you account
AUTO PAY ON
Turn on lease end payouts. The new setting will take effect the next time you lease your balance to the pool.
AUTO PAY OFF
Turn off lease end payouts. The new setting will take effect the next time you lease your balance to the pool.
Set an email address associated with your account.
Turn on lease end reminder emails. This feature requires an email to be linked to your account. The new setting will take effect the next time you lease your balance to the pool.
Turn off lease end payouts. This feature requires an email to be linked to your account. The new setting will take effect the next time you lease your balance to the pool.