shares dropping off the chain before they're paid What do you mean? PPLNS shares have a shelf-life. For p2pool, that's either 8640 shares or 3 times the average work of finding a block (i.e. 300%), whichever is lower. It's that way for every PPLNS pool. For example, kano's pool is 500%. It's what makes the pools resistant to pool hopping - you get a ramp up and ramp down time for your work.
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In a nutshell p2pool doesn't scale. Unlike the centralized pool model where the higher the hash rate of the pool the lower the variance for the miner, here because of the share chain concept the higher the hash rate the greater the variance experienced by miners.
However it is a double edge sword. If P2Pool hashrate is too low then blocks are solved too slow and miner shares drop off the share chain. In my opinion this is much worse than higher variance because it means wasted energy and money. And in my opinion unfair. P2Pool should have as high hashrate as we can give it. If your miner is too weak to generate shares regularly then you should either join a trusted P2Pool subpool or start your own P2Pool subpool. I fully agree. I gave only one of the sword's edges in explaining the higher variance. You provided the other edge. Miners feel it both ways... hash rate too low and you've got shares dropping off the chain before they're paid. Hash rate too high and you've got blocks found where you've got no shares to be paid. Your solution mitigates this by creating the sub-pool. Yes, a miner sacrifices some of the decentralized freedom using this model; however, it gives miners a less variant payout. To date it's the best solution that's been provided to the problem.
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As long as you are OK with the inherent issues with how p2pool works What issue?… In a nutshell p2pool doesn't scale. Unlike the centralized pool model where the higher the hash rate of the pool the lower the variance for the miner, here because of the share chain concept the higher the hash rate the greater the variance experienced by miners.
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Are pools in which the miners are paid via the generation transaction (e.g., Eligius, puddinpop) immune to fraud?
Not in the slightest, no. How could the manager of a non-P2Pool that pays its miners via the generation transaction claim some or all of a freshly-minted coin? By not including your quota in the generation.. But isn't that part of the mined block? They can't fudge around with that once it's mined… Do you deconstruct the data sent to your mining hardware to know what you're mining? I don't understand what or why you're asking this. He's stating that unless you're examining the data being sent to your miner how would you know? You still have to create transactions to distribute the block reward and that data is part of what your miner is trying to find the hash. So unless you're looking at exactly what data your miner is hashing you wouldn't know. Of course even if you did you'd still have to determine the fraudulent distribution. As you can see miners place a bit of faith in the pool operators
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Fresh-mined coins for payouts were innovated by pools in the following order: puddinpop, Eligius, BitPenny, p2pool. This would seem to make all these pools equally immune to potential pool manager fraud, then, no? Does P2Pool have any advantage, security-wise, over the others mentioned here? P2Pool has the best chance of avoiding fraud because of its decentralized nature. Sure a node operator could charge ridiculous fees on his own node, but nobody would mine there. Centralized pools could easily skim off the top. Generate a percentage of coins to your own address. Would the average miner know if he's missing a small portion of a payout? He'd probably explain it away as bad pool luck.
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Because nobody maintains it. What sort of maintenence does it take? And is the source for it on GitHub? Apparently too much for the current owner to bother keeping it up to date. You want good stats? Check out windpath's site: minefast.coincidence.com
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It depends on the implementation. As you saw p2pool pays you directly from the generated 25BTC. Other pools pay you from their wallets when coins mature - Kano does this.
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No. 1TH/s of block erupters is the same as 1TH/s from an 5 overclocked Antminer S1, which is the same as 1TH/s from an underclocked S5.
The network has a perceived hash rate based upon the time to solve blocks. Every 2016 blocks the network adjusts itself to say, "what would I have needed the difficulty to be to make the last 2016 blocks take exactly 2 weeks?"
The variant hash rate reported by sites like bitcoinwisdom and others reflects this. Sure, there might be new hardware added, and some turned off. There's also just the inherent swings due to block solve times.
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Spondoolies partners with Genesis Mining, so there's at least known hardware there. Their prices are a bit higher than others, though. HashNest/Umisoo are Bitmain. Like SP-Tech, you know there's actual hardware behind the cloud. Purchasing your own hardware and having it hosted in a professional datacenter is an option as well. You buy the hardware and have it shipped to the datacenter. They usually charge you based upon a rate of electricity consumption (i.e. something like $90/kWh/month - I made that number up, each provider has their own rates). Do some looking around and see what appeals to you the most. As has been mentioned, be very careful with cloud mining operations that seem too good to be true, because chances are exceptionally good that they are .
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Because nobody maintains it.
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You also need to be registered as an Apple Developer for iOS, and any app you create and submit must meet with Apple's approval before being allowed into the App Store.
I am a registered Apple Developer. If registration fees were a barrier for anyone, I would certainly be willing to discuss options for publishing the App through my account. Very cool... you could add that to your service offerings (like your escrow service). NastyApps. By the way, if you've not yet coined that, I'll expect royalties
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Hello, recenty i got 64gb dedicated server i want to run mining on that . is it possible ??
any requirements ?
Um... 64gb of what? I've got to assume you mean RAM... what about CPUs, disk, network? As has been mentioned if you intend for this machine to mine... you're 3 years late. If you intend to host a pool, it'll work.
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You also need to be registered as an Apple Developer for iOS, and any app you create and submit must meet with Apple's approval before being allowed into the App Store.
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OK... so you have a list of numbers and you want to pick one of those numbers. Try this: https://www.random.org/lists/Just put your numbers into the text box and click the randomize button. Thanks but I didnt want that! It doesn't become probably fair as I can randomize until I get the winner of my choice! Any other way? Wouldn't that be true of any randomization algorithm? You execute it enough times and you'll get the result you want.
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OK... so you have a list of numbers and you want to pick one of those numbers. Try this: https://www.random.org/lists/Just put your numbers into the text box and click the randomize button.
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Earnings calculators show you what you'd make in an ideal environment. Mining is anything but an ideal environment. You might want to take a look at the pool's official thread to understand their payout method. Also, you need to understand that your share of the coins is very much dependent upon your accepted contributions during shifts and how the pool as a whole is doing luck-wise.
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I don't have a clue... what is "Giveawayseekers" and is it some kind of crypto? I don't understand your question in the OP at all. You have some 10 digit number and want to give something to somebody based on that number?
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What does this possibly have to do with Bitcoin technical support???
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Your argument would imply that the only miners out there that are contributing are those who actually provide a valid block solution.
Slight difference. I'd say "all miners are trying to secure the network". Until a block is solved, though, you're not securing the network. Anyways... My point was that a laptop running a full node contributes much more to the network than running a usb miner. Fair enough distinction . This Link is super helpful! Thankyou very much for the detailed information. I will add you to the supporter list and you will get an equal part compared to other supporters of the 30% of the yield in 3 months. If you are interested send me a PM with one of your BTC adresses. Based on your requirements you've limited yourself to USB miners, since you stated there can be no external power source dedicated to the miner. [...]
You also found a flaw in the requirements document. Great ^^ I will edit it now. For standalone miners one external power source should be alowed. Glad I could help. Looking at your edited requirements list, you're still limited to USB miners as your total power draw can be no more than 15W. In regards to payment for my contributions, I respectfully decline accepting. If anything, I would ask that you donate any proceeds you were going to send to me to some worthwhile charity.
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So that's why SP-Tech has been keeping quiet on the new hardware announcements... they've been expanding their revenue stream with TV productions! Hey Guy, you going to be at the Inside Bitcoins event in NYC at the end of the month?
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