Updated database code in p2pool. Was opening and closing database connection every time a share was submitted. Now connection stays and cursor stays open. Hopefully will increase performance.

Someone sent me a PM and asked why I would do this if I didn't make a profit.  I guess the only reason some people do things is for money. 

By the way, anyone want to donate a vps in europe to increase p2pmining's reach? I've heard we don't have a very good ping time from over seas.

Transaction fees are about 6 DVC per payout. Ran out of DVC in pool wallet.  I transfered some DVC to the pool wallet to cover the deficit. 6 DVC will now be deducted from each payout to cover transaction fees.

P2pmining PPLNS is set up to distribute the reward from p2pool prportionally to shares submitted in the last 24 hours.

P2pool PPLNS is a little more complicated. Here what is stated in the wiki https://en.bitcoin.it/wiki/P2Pool


So p2pmining pays PPLNS based on the reward of another PPLNS. Can any one figure out ramifications of this system?

By the way, I have no idea where the server is. vedalken254 would need to answer that.

It takes 24 hrs to reach full mining potential because reward is distributed based on shares submitted in the past 24 hours.  Mine for at least a week before making any decision to account for variance.

I have seen pictures of their mining hardware.  If you ask, and you have bitcoin invested with them, they will send you a link so that you can see pictures of their hardware.

No rewards for the 9/9/12? 

Something wrong?

Yeah. That has happened before. That block also shows that it only paid out the reward to four addresses when a p2pool block pays out the reward to about 200 addresses.

p2pool.info is reporting a erroneous block.

A small miner would be less than 1 gh/s

If you don't specify difficulty, then the difficulty changes based on p2pmining hashrate.  If you want difficulty 1, then add +1 to the end of you bitcoin address/username. +2 would be difficulty 2 shares and so on and so forth. I have some miners on +2 and some on +4. All mining to the same address.

The current dynamic difficulty is at 3.6955 (changes constantly). This may cause problems with some miners, so I suggest you always specify a difficulty. Small miners should specify +1.

Orphans are now marked and current unpaid merged mining rewards are also displayed.

Keep the ideas coming   

Merge mine I0coin on p2pmining.com

 

ATTENTION ATTENTION

~NEW PAYOUT MINIMUMS~

Bitcoin = 0.5
Namecoin = 1
ixcoin = 10
i0colin = 10
Devcoin = 100
Litecoin = 1

P2Pmining.com found BLOCK 197723 

From p2pool log file:

2012-09-07 11:09:59.727664 GOT BLOCK FROM MINER! Passing to bitcoind! http://blockexplorer/block/000000000000055c0dd63dc81887dea12385173d9bbe97f7b5cb109b9357396c

Yes, I dropped the minimum for payout to 0 so anyone who mined bitcoin during testing would get paid before I started the new wallets.

Back Online.

Bonus rewards to come this weekend donated to cover loses from the hack. 

By the way, vedalken254 is supplying the server to run p2pmining.com  

Big thanks to him.

Yes. The block finding bonus does get distributed to pool members.

Testing is completed.  Start date set for 9/7/2012.  This is to let all the blocks mined during testing to get paid. I then will start new wallets and clear the databases.  Yeah!!! 

Few questions:

Where your servers VPS?

Who hosted your servers?