Bitcoin Forum

We wanted to E-vite you all to come take a look at what we have so far using the P2Pool setup.

Let us know what you think of our work so far! Thanks...

---------> http://mining.bounceme.net

I move one S3 to your pool to try it out,  seeing your so close to me (South Bend, IN here).

We noticed you and sent you a Hello! = )

LOL I just seen that. TY

S3 looks like its running good there. will try a S5 and see how it looks.

S5 will not work. It shows pool as dead. I put the pools IP in the S5 but the miner inputs the stratum+tcp:// in front of the pools address automatically . Not sure yet how to stop the miner from doing this?

Got it now...I had a space in front of the address.

changed it over to a separate wallet address from the S3

i see the s5 now.. its rolling..

We been weeks trying to get several pools to work just yesterday i finally got to compile the CoiniumServ and test drove it for a little We came back to the p2pool seems to run smoother..

Ya when I pasted the address in I left a space in front. I will let them run a while and see how they do.

im looking forward to seeing how this works out.. i increased the node connections to better the chances for blocks.
Crossing my fingers we wake up to a nice surprise still cant stand how long the p2pool takes to show other miners shares good thing they can check what they are doing via the blockchain.info

Here's to Many Hashes!

Pools stat page is down?

My miners failed over to other pools

I Guess letting more. Nodes connect to pool killed my connection unless my isp shut me down can't check till morning. Thanks for the heads up!

yup sure was my ISP = / got it sorted out waiting for the blocks to reindex and going to give this an other go!
That sucks we was on our way to see how this p2pool worked errr

But wanted to drop in and say thanks for taking the time with us aurel57 i will drop you a thank you as soon as i catch up with all the blocks.

I see your back up and running. I move a S3 back over. I see I am getting a lot less DOA than I was yesterday?

looking good so far! just sent out some thank you cause i still dont know if this thing is working.. but what ever comes in on my end i make sure i split = )

Just seen it thanks! This my first time trying a miner on a p2pool and have to admit I am really not sure how the payout works. I will try and find the time to read up on it.

There's a rather long thread about p2pool right here in these forums :)

I'll give you a brief summary: p2pool works on a PPLNS payout where you get paid for however many shares you currently have on the payout list when a block is found.  To find a share, you are essentially solo-mining a low difficulty coin.  The current difficulty of that share fluctuates between 8 and 12 million.  When you find a share, it is broadcast to the p2pool network in much the same way finding a block of BTC is broadcast.  If your version of the share chain is accepted, congratulations you now have a share on the chain.  The more shares you have on the chain, the higher your payout is when a block of BTC is found.  You receive newly generated coins, and as such must wait for 101 confirmations before you can spend them.

Thank you for the Cliff Note version as I knew there was a thread that explained it in detail but passed over it pretty much as I never before mined on a p2pool.

as we are both new to this.....
i am thankful for this input and Here i was thinking we was getting suckered and i was wasting my time thanks for the clarification !
but regardless of the miners work if i see i get some pay i will share with my friends on the pool helping cause after all we are after the same thing Good Pay and better speeds for our area in the Midwest this help will make sure we get this right....

Thanks Again!

Thanks jonnybravo0311 I hope you don't Mind i used your input on our site! http://mining.bounceme.net

Glad to help.  Another question that comes up a lot is, "How long is my share valid on the payout list?" The answer is 3 times the average shares to find a block OR 8160 shares, whichever is smaller.  Since shares are supposed to be found every 30 seconds, this turns into a maximum of 3 days that your share will be valid for payout.  Obviously it fluctuates but, generally if expected time to block is a day, your share on the chain will last for 3 days.

Also in relation to shares is, "how much is my share worth?" Each share is given a weight, and when the payouts are calculated your share weights are compared to all the other shares on the chain.  This also constantly fluctuates because it is primarily based upon share difficulty.  In other words, the higher the difficulty of finding a share to add on the chain, the more that share is typically worth.

Good info! how do you compare the earnings vs other pools will our guys mining see a better return mining the p2pool?

Ahh... the penultimate question that everyone asks, "How does p2pool stack up against others?"

Too bad there really is no way to answer it definitively.  I can share my experience with it.  I can show you threads that compare p2pool to other pools - but each is subjective.

My personal experience with p2pool has been extremely positive.  I have made far more mining on p2pool than expectations show I should have.  I think the biggest thing you and your miners need to understand when they decide to make the jump to p2pool is that you absolutely MUST have patience.  P2Pool miners go through cold spells and hot spells.  You might get lucky and find more than the expected number of shares on the chain, and then p2pool might find more than the expected number of blocks, leading you to make far more in a day than you reasonably should.  The converse is also true.  You might find fewer than expected shares and p2pool finds fewer than expected blocks, leaving you with far less than you should have made.  Variance is far more prevalent with p2pool for your average miner.  If you've got ADHD or freak out because you were supposed to make 0.00234147BTC a day, but only made 0.00234146BTC then p2pool is not for you.

One of the biggest draws for me was the fact that I do not have to rely upon some pool operator and whether or not that operator is out to scam me and the rest of the miners.  I don't have to worry about fancy payout systems, setting payout thresholds, any of it.  When a block is found, if I have shares on the chain, I get paid.  Period.  There are no late payments, missed payouts, complaints to tech support and opening a ticket.  Nothing.  Got a share?  Get paid for it.

Interesting thanks for explaining it further.

Well now........... we might have an interesting week then = 0 lol
Thanks for the detailed information.

Just took a quick look at your site... I like the color scheme you chose.  Too bad the two shares you found were both orphaned.  Also, you're very generous to offer 1% donation to the p2pool author (forrestv).  Most people don't bother to provide anything at all.

Where How do you see the two shares are orphaned? When I look they look good? Thanks

Thanks! i have been working on making it as easy to navigate as possible.
the donation to creator is the least we can do after all his work and Hours of coding and learning the network side of the bitcoin framework.

Last night I had 2 S5's and the 1 S3 on your pool for a  while and it all seemed to work good, but it did take about 20 mins for the second S5 to get up to a normal speed. Now that I moved both S5's off it looks like the pool speed should be @2.5Th as it did before I added those 2 miners but your graph on the top of the page is only showing @1.5TH?

i seen that! also let me know if they are sending out pay! i got one this morning

I just moved both S5's back a little while ago. As far as pay I have not seen anything?

You will only see a payment if you had a share on the chain when the block was found.  Looking at the stats page, I can see only 1 of the 4 miners on the node that has a share.

And I thought Slush's pool payout was confusing! 😜

Looks like a share was just found but it shows as a orphan  :-\

i'm pulling my hairs ---------------------------- lol i see we got a other person Welcome aboard our wild ride on the all new P2Pool RollerCoaster!

the miners are doing wonderful in terms of DOA very low..
i guess that should be a positive?

i just learned something the more Miners we have the faster the time to share is.. when we had them all on it said 1h now that a few disconnected it says 5h cool.. nice to know

That was my two S5 going back to back up pools. Having a hard time figuring out just what they are doing. Let me go bring them back. I also notice someone new

My 2 S5's are back so share time should drop back down.

The node takes into account all miners to calculate the time to share.  The more miners you have, the more hash rate you have and the quicker a share is expected to be found.  It's kind of a misleading stat for an individual miner, since it is based on the entire node's hash rate.  Just like you can calculate your expected earnings of BTC per day for a given hash rate and difficulty, you can do the same thing to determine how long it should take you as a miner to find a share in p2pool.  The formula can be simplified to this:

Let's look at an example for a 1TH/s miner using the current share difficulty of 6500000:
So, a 1TH/s miner would expect to find a share every 7.75 hours at a share difficulty of 6.5 million.

got it.. but how come only one miner shows shares? that has me worried i don't like feeling like everyone is getting cheated or something..

at the moment that's how it feels with only one miner showing shares

Because that miner is the only one who's got a share that was accepted onto the share chain.  Remember, p2pool is not like your typical pool where every little share you submit counts.  The only shares that p2pool cares about are ones that are of a high enough difficulty to be added to the share chain and/or solve a block of BTC.

I've got a S3 that has been mining for a few days now without finding a share... so when the last block was found, it didn't get a payout.  It happens.  It's the variance inherent in the system.

i see wow. well then i must say i was close to changing the pool to CoiniumServ but i will hold off and see this through.

Thanks Jonny !

CoiniumServ is its own pool and not hooked into p2pool.  Your pool by itself is trying to solve blocks of BTC.  Unless you've gotten a few petahash worth of miners to commit to you, don't bother.

ok ! i thought CoiniumServ was like p2pool.

No... CoiniumServ is a centralized pool.  You get miners to connect to your pool and it is only the combined hashing power of the miners on that pool that count towards the solving of the block.  This is how your typical pool works (BTCGuild, Eligius, Slush, Discus Fish, AntPool, etc).  They are all centralized pools.

P2Pool is a distributed network of nodes all working together to solve the block of BTC.

Here's the difference between a pool like CoiniumServ and p2pool.  I can move my miners right now from my node to yours, over to OgNasty's, on to windpath's and back to mine and my work goes with me.  All of my shares are still there.  If I happen to be mining on your node when the next block is found, I still get paid for the shares I have on the chain no matter on which node that share was found.  I don't lose any work.  I most certainly cannot do that if I point my miners to BTCGuild, then to BAN, then to kano.is and back to BTCGuild.  On each of those pools any work I've done on any other pool is completely irrelevant.

 :o Got it Glad i did not go thru with it... would of been a pain!

just seen this on our pool Total: 5 (Orphan: 2, Dead: 0) but again the only one getting shares is that 1th = /

yes something does not seem right?

aurel57 you and i both agree something ain't right.

you should disconnect your miniers till we find out i will send you a thank you right now~!

This cant be right.. only one miner getting all the shares? is this what they call luck?

me no likey

Just sent you a Thank you! Friend.

wait
you shared YEAH!

Got it thank you, but just as I posted that I see that two more shares were found and I believe it showing up under my miners?

Awesome... what a relief now they are showing YES!

I just saw that too!

now i can go about doing work around the house lol this was bothering me...


Feeling relaxed...

Yes I would like to stay on and see how it goes.

Pretty sure I mentioned something about having patience somewhere in this thread... :P

I think I was in too big of a hurry to read that! 😜

Well played, sir... well played :)

Thank you for taking time to explain it.

So I got home and checked my miners, looking at "best share" and sure enough both S5's had shares larger than the share difficulty. It was strange that both shares came within mins of each other. I also wonder about the "Payout when block found:   0.00869571" ? Right now I have all miners mining with different wallet address. I guess this is what to do? Also wondering if you have 1 or 2 miners here and what equipment you are using?  And who is the miner mining 200+ GH what equipment they are running?

mine are:

wallets starting with:
 1M..  is a S3
 1H..  is a S3
 1D..  is a S5
 1K..  is a S5

the one doing good is on the same network as the pool its my brothers S2! i see your shares are moving up! this is awesome!

Payout when block found - that's the node's address and what will be paid when a block is found.  When you start up a p2pool node it connects to the local bitcoind.  If you do not provide an address on startup, one will be created for you.  In this case, the miner with about 1TH/s wallet starting 18G6 is the node owner, and that's the node wallet address - hence why you're seeing that.

Miners with different addresses?  This is a question that has been debated for quite some time in the p2pool thread.  There are pros and cons.  For example, with your setup, you can clearly see that your 2 S5s have found shares, but neither of your S3s have yet.  The downside is that if a block was found now, you're going to get two small transactions (0.00295419BTC and 0.00300707BTC).  If your miners were all configured to the same address you'd get a single payment of 0.00596126BTC.

i see so when he connected his 1th to the pool it became the address makes sense i thought he was hogging up all the shares LOL

So is it safe to say its working as intended and we can move to next stage.
attaching DNS to server and going full on with the rest of development?
or too premature?

I removed the Payout when block found so it wont cause further confusion!

Well I guess I can just redo the wallet to the same for all miners. If I do it now it really will not hurt anything the way I understand it then as if a block is found the payment will still be split on the shares already found but any new shares found will be combined then?

Moved my last S3 miner here and am now using the same wallet for all 3 S3 miners. I combined the S3's with one of the S5

I think that is correct aurel.