I’ve been looking forward to pool support for a while now, and since pools are delayed, I’ve been thinking of ways to improve the reward distribution ahead of pools.
I’d like to start a cooperative: a trust-based group where we distribute our rewards using our existing plots, without sharing keys with the broader group.
Because this system is based on trust, as rewards are awarded by the network to the wallet that owns the plots, I’m looking to smart carefully with a manual vetting process; I’m looking for folks that can be verified (e.g. by linkedin, github, etc) and that own at least 250 plots.
I’m still finalizing the distribution formula, but I was thinking of something simple as 10% to the wallet that wins the reward, and 90% distributed in shares to all participants (including the wallet that won). Still TBD whether proof of participation is done via total plot count (trust based) or by relying on proofs / filter.
I currently have 3100 plots (310T) and growing, and my target for the cooperative is that we reach at least 1PB of netspace, but obviously the larger the group we can put together under safe premises (again, trust), the better.
Feel free to drop me a note by private message if you’re interested.