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For readers and community members put off by the "expert" gibberish attitude that says that if you don’t understand their shorthand technical doublespeak you are an idiot and if you don’t take their word for it they’ll just call you a noob or a troll, here’s a great bitcointalk approved simple and easy to understand explanation on how the P2Pool payout works.
This is a vast oversimplification of it but you get paid on shares of work submitted. These are rolling shares that are good for a period of time. So using the simple numbers that I like. If you submit 10 shares an hour over 10 hours you will have 100 shares. If the rolling period of time is 10 hours and you keep up the 10 per hour you will always have 100 shares in the pool. So if a block if found at 1:00 and then again at 1:01 and another at 1:02 you will have 100 shares in each block. And get paid accordingly. Now, if you stop mining at 2:00 then by 3:00 you will only have 90 shares by 4:00 you will have 80. If a block is then found at 4:00 you will get paid on 70 shares. If a block is found at 11:59 you get nothing.
Now along that same note if we are in a dry spell like now and with my simple numbers your shares fall off after 10 hours then whatever you did 11 hours ago does not matter.
Let me state again, this is an oversimplification but should give you a good idea of how it works.
Now as to the which pool you use, for the most part in the long run yes they all will give you about the same payout. However, there are other factors.
Some pools charge a fee some don't, some are closer to you and will give you slightly fewer stales shares then others, some will merge mine coins and give them to you. Some will merge mine coins and pocket them, never tell you making them money. Some pool operators are friendly and help out others are egotistical a--holes who think they know better then everyone and you just want to slap them upside the head. Also, when mining at a pool that is not p2pool node you have to trust the operators not to run off with your BTC, with P2 they can't. Although they still can merge mine and not tell you about it.
-Dave
Now along that same note if we are in a dry spell like now and with my simple numbers your shares fall off after 10 hours then whatever you did 11 hours ago does not matter.
Let me state again, this is an oversimplification but should give you a good idea of how it works.
Now as to the which pool you use, for the most part in the long run yes they all will give you about the same payout. However, there are other factors.
Some pools charge a fee some don't, some are closer to you and will give you slightly fewer stales shares then others, some will merge mine coins and give them to you. Some will merge mine coins and pocket them, never tell you making them money. Some pool operators are friendly and help out others are egotistical a--holes who think they know better then everyone and you just want to slap them upside the head. Also, when mining at a pool that is not p2pool node you have to trust the operators not to run off with your BTC, with P2 they can't. Although they still can merge mine and not tell you about it.
-Dave
Ahmed shut down his pool, THE P2Pool, without notice and the payouts stopped dead in their tracks.
Those are the facts. That’s the issue.
If you’d like to argue in his favor, please do so addressing the issue itself and keep the smokescreens, intentional confusion and adding insult to injury to yourself if you don’t mind.
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In-so-far as BitCoin Forum’s trust rating for Ahmed_bodi goes, it is what it is, and if you have a problem with that, contact the BitCoin Forum Admins (and if you’re a user with a trust rating you feel is unjust, likewise, contact the BitCoin Forum Admins to clear your good name).
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And for those of you struggling to "see" his trust rating, LEARN how to use the system - the last link in my last post should serve you well as a starting point (if not your definitive start and end point).
All i have to say is this:
For anyone believing this troll:
Try visiting any of the following links. If any works then the above quote must be what it should be. lies
Link 1) http://eu.myriadminers.com:3333/static/
Link 2) http://us.myriadminers.com:3333/static/
Now they're all online. Just as they always were. It was the DNS Name had changed due to my p2pool's being removed from cryptopools by the guys who ran it with me. (Which BTW collapsed due to me spending more time working on it in a week than the others did in months)
