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What i love about p2pool is the fact that it's decentralized and open source. There is no one behind it, no one managing it, no one that can do idiot things like eligius did, no one scamming me, no one keeping the transaction fees, it's like solo mining but with the advantages of the pool. And, since it's p2p and decentralized, no need for servers and expenses to keep them (like a normal pool require)
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What has linux to do with p2pool?  |
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I wonder what happens if i make a poker site in europe and i don't actively block usa ip
Do i get cia agents killing me while i sleep?
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fine guide of a P2Pool-linux-solution... what will all the poor windows-user do?  is it possible to have it for win too? I'm so sorry Schwede65... I have no clue about Windows, since I never used this thing in my life... :-/ But, you can install the VMWare / VirtualBox in your Windows and follow this guide...  Don't For Windows it's much much easier. |
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Governments of the world have thousands of these super computers.
China or the USA alone could bring down Bitcoin.
Bitcoin Miners don't even come close to these monsters.
Can someone please answer my big worry, as i'm really thinking of stopping my mining as it seems futile.
I hope someone has a good answer for me.
Crimson
Compare http://www.top500.org/static/lists/2011/11/TOP500_201111_Poster.pngand http://www.bitcoinwatch.com/The combined power of the top 500 supercomputers is just half of the Bitcoin network (PetaFlops). Just for perspective. You speak about perpesctive and yet you link CPU supercomputers. A single GPU supercomputers worth some millions of $ would have more power than the bitcoin network. |
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oh, ScamCoin  |
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If they are properly cooled, electromigration won't kill them, they will last for years and years
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 This thread is 2 years old |
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A single AMD 7970 kickass so many PS3...
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I don't see anything wrong, i too use cgminer.
Remember that share difficulty in p2pool is now 355 so that mean that on average for every 355 normal shares, you get only 1 on p2pool. And that's fine.
When you find a good share you will see
"Recent : 0.00% >0H/s Shares: 1 (0 orphan, 0 dead) Peers :10"
and so on. Sure, it can happen a orphan share too, not too hard since pool stale rate is 9% but it's different from stale in a normal pool!
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I think in these months the whole system has been already attacked by pretty much everyone trying to steal money. And they almost always failed (yeah except for wallet stealer virus and connecting to the RPC interface with fail password and stealing everything)
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Oh i missed the question about security of p2pool
Excuse me but where is the problem about p2pool is? Everytime a block is found, you receive the payment on your address, everything is p2p and it's opensource...
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However, I can confirm that our detailed modelling at this point indicates we'll be able to mine 250 GHash/s in a single rack of mining units using 5kW of power. When you consider that this represents the computational power of about 400 AMD Radeon 6990 GPUs (which would consume close to 200 kW), you can immediately see the benefit of ASICs for Bitcoin mining.
By the middle of 2012, ASIC mining will be a substantial factor in the Bitcoin economy.  If this is true... |
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I doubt a lot of folding ATI know... ATI on Folding sucks while ATI on bitcoin rule...
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Sorry but the evidence that this is true is the same as the evidence that dinosaurs are using bitcoin to stage a comeback.
Piloting jets?  |
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But our GPU are already busy mining Also telling Folding ppl about bitcoin isn't a clever idea, they will start to use their GPU to mine instead to fold |
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We don't have enough courts, we don't have enough judges, and we don't have enough police officers to tackle the real scale of illegal behaviour on the internet” It seems he already have judged everything. I suppose drugs and guns are illegal everywhere in the world? Wait, let me think NO. |
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How many btc did he steal?
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Another scam  |
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Bitcoin was rampantly popular among geeks in Silicon Valley for a while last year. It was touted as something that would replace modern currencies—a purely digital currency that can be transferred directly from person to person over the internet "Was"? Bullshit. It is. |
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