Autominer Pool
From OIP Wiki
Autominer account is valid when all of the following conditions are met:
- Send an autominer registration message with a Bitcoin payout address and relevant worker address to the Open Index.
- Create an account on miningrigrentals.com
- Make a new “pool profile” using the following information:
algo: Scrypt host: api.alexandria.io port: 3032 worker: ''yourflorincoinaddress'' password: ''anythingyouwant''
- Create a miningrigrentals API key
- Install and start the autominer_api application. Source Code
- Fund your miningrigrentals.com wallet with Bitcoin, and the autominer-api will automatically start renting rigs if market conditions allow your minimum margin to be met
- Add set preferences - Min price - application level. when the offer price is met, it mines
Sequence of Operations:
- Receive request for "next offer" including the total publish fee requested (denominated in fiat, not tokens)
- Check Open Index for the next block reward with a historian message in the coinbase
- Send "are you online" message to relevant Autominer nodes
- If a node responds that it is online, calculate the BTC total to send to complete their "open offers”
- If the whole publish fee is not covered by this trade, go back and loop steps 2-5 until it is
- Send a sendmany transaction to the autotrader nodes and wait for them to send tokens back
Tradebot offer price calculation The variables in the equation are:
- Market price, supplied by market
- Cost to mine, supplied by market
- Each pools mining percent, supplied by Blockchain
- A threshold variable multiplier of market price, supplied by oipwg
- And a threshold variable hash rate limit, provided by oipwg