Last week on August 14th DMND, the Stratum V2 mining pool, announced an integration with Mempool Accelerator to introduce new transaction acceleration functionality to Stratum V2 miners. This will put individual miners in control of transaction acceleration and prioritization.
This is a fundamental shakeup to the legacy model of a transaction accelerator. These products have been historically offered by mining pools, rather than actual miners, and as such the pools have traditionally been the ones to both decide which transactions to prioritize in their templates and pocket the additional revenue for accelerating them.
Now, individual miners at DMND can handle the prioritization selection using Stratum V2, and when a block template containing such accelerated transactions is mined, the individual miner who found that block collects additional revenue for the acceleration.
“Our premise is simple: when miners build their own blocks through DMND’s Stratum V2 implementation, they unlock revenue streams that were never available to them before,” said Alejandro De La Torre, CEO of DMND. “Accelerated transactions are one of those streams. The pool used to prioritise them and the pool used to collect for them. On DMND the miner does both. It is a paradigm shift in how miners earn.”
This is a first of its kind integration of a transaction accelerator system, and opens the door for new revenue streams for individual miners. Now that this type of direct revenue sharing with additional streams of income has been demonstrated, it begs the question of why are other mining pools that own or integrate with accelerator services not doing similar revenue sharing?
This type of design and revenue sharing was made directly possible by Stratum V2.
“Mempool Accelerator lets anyone get their stuck transaction confirmed by paying an out of band fee, which prioritizes their transaction with over 80% of the network hashrate. DMND’s integration is the first of its kind, Stratum V2 miners using Job Declaration can now earn their share of that revenue.” – Orange Surf, Head of Strategy & Research at mempool.space
This post DMND Integrates Mempool Accelerator With Miner Revenue Sharing Using StratumV2 first appeared on Bitcoin Magazine and is written by Shinobi.
