Miner Protocols

We describe the protocols executed when a new miners registers with an MSP, or wants to cash out and leave the pool.

New Miner Registration

A miner can register with any of the MSP by following the protocol to create a new authentication token. The authentication token is used to submit stratum messages to the MSP. The miner submits a public key to which it should receive payouts.

A miner will obtain a similar authentication token from multiple MSPs, at least two backup MSPs. The miner should use the same public key to register with multiple syndicate members, so that the all MSPs cant track the miner’s hashrate in case of the miner switching MSPs.

Using this authentication token, the miner can open a communication channel to send and receive stratum messages to the MSP. At the end of the miner registration, the miner can start sending shares to the syndicate.

Miner Registration With MSP
Figure 1. New Miner Registration And Share Submissions

Miner Leaves the Pool

No interactive protocol is requried for the miner to take their money and leave the pool. The miner has custody of the DLC outputs paying the miner at all times.

Miner Uses Backup MSP

A miner can use the backup MSP at any point by changing their stratum URLs. The miner registers with an MSP as per the New Miner Registration protocol and starts exchanging stratum messages with the MSP.