New pool on the network, crypticwizardry.com

Hey there everyone, usually I make posts about node work, how we need more nodes, etc., today will be a little different. I know I have introduced the pool once, this will be the last time I introduce it for a while more than likely unless we see a pretty insane hashrate increase. The pool is found at crypticwizardry.com, it can also be located through the kawpow pool mining stats explorer. Currently our payout scheme is proportional, known as PROP, which is very similar to PPLNS with a few alterations to better benefit all pool workers, even the little guys. We currently have our dev fee set at 2% and I agree, this is a little high, however, 5000 RVN a block, that's 100RVN per block found.

This being said, the entire dev fee is being allocated to a side project we have been working diligently on for the community. We had released a poll not too long ago for people that run full nodes, regarding their stance on a ravencoin node lottery, and many were for the idea as running a node serves no financial gain benefit at the moment. Some people like myself don't mind to run nodes for no profit, but others would like to run nodes, there is just no incentive for them to at this point. We would like to change this. The plan is once the pool hits a block a day, which we are in works of building a mining farm to get to this point, those dev fees, and all previous block dev fees that are saved up will be compiled into the ravennodes lottery wallet address, we will run a drawing once a week, where full nodes with an associated wallet address can submit their wallet address like a miner does with mining, and get sent back a Raven Lottery Token asset (plan to make these free) dated for that weeks drawing as a proof of submission, those addresses that tokens were sent to will be put into a random picking generator made from basic python, as to hold no data for security. A winning address will be picked by this program (maybe live in the pool discord even!), we will send the reward (working on automation) out immediately after the winner of the drawing is randomly picked.

We are also working on a second offshoot project of the pool meant for folks that need help with setting up a node, or don't want to go through the steps and would just like to purchase one. We are 3D printing ravencoin themed raspberry pi cases, and pre-building ravencoin full nodes using 8GB ram raspberry pi model 4B boards, they will come with all cables and accessories so to say, but the option to order more of all of these individual parts will be available. There will be a link to our youtube page included on this sub site that will take you to our videos playlist section where we plan to break down full node setup for each commonly used OS so that those that want to build nodes themselves can!

Also, last two things I would like to mention. The node lottery will have a tiered rewards system starting at somewhere around an eighth, maybe even quarter block, then half block, then whole block, because while rather unlikely, someone in theory could win more than once, be it several weeks apart. A private, secure list of previous winners will be kept for this reason, with their permission of course! Secondly, the pool dev fee will reduce as our hashrate increases! We are just two college students trying to make it all work! We also plan to reward loyalty to the pool by doing timed reductions of pool dev fee for users eventually to free. Stay with us for a long while and we will make it count!

I know this is a lot to read, and I thank those of you that made it to the bottom. Looking forward to doing a lot of great things with this community. Been mining RVN for roughly 2 years now, happy to have reached a point that I can start giving back to the community.

Keep on mining and node running everyone, it takes a strong community and we certainly have one when we all apply ourselves!