Bitcoin Forum

Join us on http://elizium.name
This is a public node of p2pool bitcoin mining network


P2Pool is a decentralized pool that works by creating a P2P network of miner nodes. These nodes work on a chain of shares similar to Bitcoin's blockchain. Each node works on a block that includes payouts to the previous shares' owners and the node itself. There is no central point of failure, making it DoS resistant. Avoid the big pools, who get DDoS'd just about every other day, costing you and me money..... Use p2pool https://en.bitcoin.it/wiki/P2Pool

Related:
P2Pool homepage: http://p2pool.in/
P2Pool stats page, made by twmz: http://p2pool.info/
http://elizium.name

Just a simple noobish question:

What is the average return per 1Gh/s?

Any numbers here is useless, as they change every day.
This is a bit discouraging but in total P2Pool miners has higher payouts than mining in other pools.
At least that is because of zero (or very low) pool fee.... and PPLNS payment system

Citation needed.

You will receive payout value (shown on stats) each time the block is found by the whole p2pool network. Sometimes it can be a few blocks a day, other time no for a day. Yes, that is more variance accordingly to centralized pools, but in more long period P2Pool miners has higher payouts.

Yes, you've just said the same thing a different way.  You haven't proved it.

I ran my own p2pool node for a while, and I didn't see any difference in payouts compared to Eligius or BTCGuild.

most probably that is because of "for a while" and on short period of few days you can get even less because of pplns variance
for experiment, I run a few 60Ghps units, some on guild and some on p2pool more than month and can say that p2pool workers has average 8% more payout

If you ran a decent node (average, no worse/no better than any one else's, with donation set to 0%) the payouts would be higher because you're paying 0% in fees and also not having transaction fees yoinked,

obv the profits could be less if you're running the node on your own hardware (example: running a local node and that computer used to be powered off 20 hours a day), even with higher payouts (ed: on second thought, that wouldnt be a factor if you were filing income tax returns properly, at least at the federal level in US, no state income tax here)

with the 1% default donation to author unchanged, it'd be more than btcguild.  i have no clue what eligius's fee structure is

if you ran an efficient node, the payouts would be higher because you'd be profiting off of other ppl's p2pool orphans and DOAs (that can still solve blocks)

ofc there's always a luck factor & with p2pool shares, if you run some low amount (like 5ghash) there's a possibility you could make less.. i.e. mining for 24 hrs and finding nothing

Updated FAQ on http://elizium.name/faq.html with some instructions about settings for our machines.
Also noted that firmware 0.97 looks to work great with p2pool

if you mine with knc machines - use firmware 0.99.1 - it shows better results on p2pool.in nodes.

elizium.name is under maintenance for a few hours now.
Please use any other public or private node as backup (for example from list p2pool-nodes.info)
all your work in p2pool network will be saved interdependently on which node you work

upd: elizium.name is running now

42GH was paying me about 0.0038BTC x 4 times a day back in 2013-12-15 on FabulousPanda (P2P, 0.5% pool fee).
1Gh/s per day works out as 0.0152BTC / 42GH = 0.00036BTC.
But as you need to get over the 0.001BTC dust level, to be payed, you'll need at least 15GH mining or you will see nothing.

That is true - p2pool is good for big miners only. For small hash power it has too big variance.
Also look at my banchmark https://bitcointalk.org/index.php?topic=416933.0

What happens if your P2Pool server goes down?

You can switch to any other node. There is a nice picture on the main page of http://elizium.name that demonstrate how decentralized pool works.
p.s. and hope you will like new site design/theme  :)

Any chance we could see our predicted payout on our stats page? I was hoping for more than just graphs on hashrates.

At user stats page (http://elizium.name/userstats.html) you can see two graphs:
first graph - your hashrate
second one - Predicted payout

Check out the comparison thread (p2pool vs BTCGuild vs Eligius) here: https://bitcointalk.org/index.php?topic=416933.0

Huge difference?  No.  Did p2pool payout better?  Yes.

Hi,

Running on my own node for 1.2 days at 1.2TH

Local rate:    1.20TH/s (DOA 34.61 GH/s / 3.37%)    Shares:    Total: 12 (Orphan: 1, Dead: 0)

Predicated payout : 0.01577042

seems extremely low for 1.2TH where I was getting over .04 per day on ghash.io

does this seem logical or do I have an obvious issue with my node?

Variance swings on p2pool can be pretty erratic.  You've only been running your node for a day and change.  It takes about 3 days to fully ramp up, so give it some time.  Also, if you were to point to GHash.io, your earnings stop when you shut your miners off.  On p2pool, you'll keep earning as long as you have valid shares in the chain for 3 days after your last share was found.  In other words, assuming you turn off your miners the instant they find a share, that share is valid for 3 more days.

Worst pool ever, stay away.

hi guys,

please ATTENTION for ANTMINER use this driver http://ck.kolivas.org/apps/cgminer/antminer/ 
(info https://bitcointalk.org/index.php?topic=18313.msg13056325#msg13056325 )