MiniMine Alliance

Empowering Small Miners in the Bitcoin Mining Ecosystem

Abstract

Bitcoin mining is an essential process for maintaining the integrity and security of the Bitcoin blockchain. However, small-scale miners with limited hashrate capabilities often face difficulties in reaching the payout thresholds set by large mining pools. MiniMine Alliance aims to address this issue by aggregating small-scale miners into collective groups, allowing them to participate as sub-workers within major mining pools such as Antminer, Braiins, and ViaBTC. In this way, MiniMine Alliance facilitates faster reward payouts and fair distribution using the Lightning Network or the Bitcoin mainnet. This white paper outlines the mission, operation, and benefits of MiniMine Alliance for small-scale Bitcoin miners.

Introduction

Bitcoin mining has evolved into a highly competitive industry dominated by large-scale operations. Small miners, while contributing to the network, are often at a disadvantage due to low hash rate capabilities and high payout thresholds imposed by large pools. These constraints lead to inefficiencies, including delayed rewards and reduced profitability.

MiniMine Alliance is a collective organization designed to empower small miners by pooling their computing power. Through a streamlined process, we enable these miners to effectively participate in large mining pools, accelerating reward distribution and optimizing their mining experience.

Vision and Mission

Vision

To create an inclusive Bitcoin mining ecosystem where small-scale miners can thrive and contribute meaningfully to the network.

Mission

To provide small miners with the tools, infrastructure, and opportunities to pool their resources, optimize performance, and access rewards efficiently.

How MiniMine Alliance Works

1. Aggregation of Small Miners

MiniMine Alliance brings together miners with limited hash rate capabilities and organizes them into collective groups. These groups function as sub-workers within large mining pools such as Antminer, Braiins, or ViaBTC.

- Group Formation: Miners are grouped based on their hash rate and compatibility to maximize efficiency.

- Sub-Worker Configuration: Each miner within a group is registered as a sub-worker in the selected mining pool, enabling granular tracking of contributions and rewards.

2. Payout Optimization

By combining their hash rates, groups of small miners collectively reach the payout thresholds of large pools faster. MiniMine Alliance guarantees:

- Reward distribution: Rewards are distributed proportionally among group members based on their contributions.

- Payment options: Miners can choose to receive payments via Lightning Network for small amounts or Bitcoin mainnet for larger amounts.

- Fee structure: In addition to the chosen pool fee, a management fee is applied that can vary from 0.5% to 1.5% to cover operating costs. Transaction fees apply as per network.

3. Pool Selection and Management

Miners can select their preferred mining pool or allow MiniMine Alliance to recommend a pool based on reward efficiency and network conditions.

Dynamic pool management ensures optimal performance:

• Adaptive pool reassignment: MiniMine Alliance can reassign miners to different pools or groups to maximize collective rewards.

• Pool change polls: When necessary, MiniMine Alliance can poll miners in a pool to assess the possibility of moving to a new pool. If enough miners agree to the change and a suitable hashrate is reached, the pool is transferred to the new pool.

• Non-follower consequences: Miners who choose not to join the pool will remain in the previous pool, but may experience a significant reduction in available hashrate. In this case, fast or stable rewards will not be guaranteed, reducing overall efficiency.

• Tracking and Analytics: A dedicated web platform shows real-time progress towards reaching payout thresholds, allowing miners to monitor their contributions and earnings.

4. Simplified Setup

MiniMine Alliance provides miners with pre-configured settings and addresses to simplify the setup process. This ensures that miners can seamlessly join and contribute to their assigned groups.

Technical Infrastructure

Web Platform

A user-friendly web platform provides miners with the following capabilities:

- Reward Countdown: Displays progress toward payout thresholds in the chosen pool.

- Performance Metrics: Offers insights into individual and group hash rate contributions.

- Payment Dashboard: Enables miners to select payout methods and monitor transaction history.

Mining Configuration

MiniMine Alliance supplies detailed instructions and pre-configured settings for:

- Connecting miners to the designated pool.

- Ensuring compatibility within groups.

- Adjusting configurations for optimal performance.

Reward Distribution System

By integrating the Lightning Network for small transactions and the Bitcoin mainnet for larger ones, MiniMine Alliance ensures efficient payouts in a timely manner.

• Redistribution based on pool limits: Rewards will be redistributed when the group unlocks the pool limit.

• Possible delays in payouts: Payouts may be delayed under specific circumstances, such as holidays, public holidays, or due to time zones that affect business hours. However, a daily payout will always be guaranteed when possible.

Fee Structure

To support operations and provide high-quality services, MiniMine Alliance charges the following fees:

• Management fees will range from a minimum of 0.05% to a maximum of 1.5% of the rewards earned.

• Pool fees, depending on the pool chosen.

• Transaction fees: Network fees associated with the payment method chosen.

These fees are transparent and described to miners in the membership terms before joining.

Benefits for Small Miners

• Accelerated reward payments: By pooling resources, miners can reach payment thresholds quickly, reducing the waiting time for rewards.

• Fair distribution: Rewards are distributed equally based on individual contributions to the pool's total hash rate.

• Simplified mining process: Pre-configured settings and easy-to-use tools reduce the barrier to entry for small-scale miners.

• Dynamic optimization: Pool re-allocation with pool voting systems ensures that miners always operate in the most advantageous pools.

Conclusion

MiniMine Alliance is committed to democratizing Bitcoin mining by enabling small-scale miners to compete on a level playing field with larger operations. Through aggregation, efficient reward distribution, and adaptive management, we empower miners to maximize their contributions and earnings. Join MiniMine Alliance to become part of a collective that values every hash and ensures fair and timely rewards.

Join MiniMine Alliance today and harness the power of collaboration for Bitcoin mining!

Contact Information

Visit our website to learn more and join the MiniMine Alliance:

- Website: https://sites.google.com/view/miniminealliance

- Telegram Group: @miniminealliance

MiniMine Alliance — Strength in Numbers.