Also does the submitted shares be valid for 24hours or 3 days or till a block is found since last block? I see different things written in different sources, so got confused with the p2pool PPLNS system.
As per jonnybravo0311: January 28, 2015, 05:03:16 PM 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 8640 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. Report to moderator |
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Just rented 50Th
Good call as the pool just hit another block! I hope you got some shares out of the rental! |
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Glad to see the pool hit another block so soon after those 2 yesterday.
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mate u WILL need plenty of patience, give it a week or so but it does pay off.
Indeed, patience is key with p2pool. Although there is of course nothing wrong with mining on someone else's node, it's true that mining on your own local node is preferred for better performance & to help increase/strengthen the p2pool network. The problem is that many noobs to p2pool mining find that installing their own node is simply too daunting/complicated (not everyone is a coder & many people are not comfortable with command line). If p2pool is to grow & become more widely adopted, there should be an easier way to install it so that an absolute novice can be up & running within minutes. I tried to address this issue over a year ago by suggesting there should be an open source graphical installer for both windoze & Linux, and I was even in conversation with a dev (Ahmed Bodi) who was willing to do one. Unfortunately, he got side tracked on other projects & nothing came of it. I'm no coder myself, far from it, but after talking with Ahmed, I'm sure that it wouldn't be too hard for someone with basic coding skills to do - maybe a bounty could be offered to get it done? I'm sure this would encourage more potential p2poolers to at least give it a try, thus helping p2pool become more mainstream as the Bitcoin ecosystem grows. P2pool has the potential to be the defacto standard for mining, all that needs to be done is to encourage more users to adopt it - a simple installer would help achieve this. And a complete re-write in C of course, as others have mentioned........  You hit the nail on me about this. I would make my own node if it was within my knowledge but I know better than to try. I would probley bring the whole pool down  |
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back2back ! yeeehaaaaaa
It can be like waiting for a bus sometimes - nothing for ages, then they all come at once...... Very nice! But got another question... How is p2pool able to pay out the coins so fast compared to other pools? The "shares" that are submitted on the alt chain contain the payout info for all the miners. When a share is big enough to be a block, it's submitted to the Bitcoin chain, and if accepted, the payout is distributed through the Bitcoin network as the share describes. It's a very elegant solution. Note that "payout" is probably a bad term.. more like mining distribution. M Thank you for explaining that! These payouts are also virgin coins - freshly minted  That's the beauty of a truly decentralised system, we don't have to wait for any centralised body to pay us (or not, as happens on other pools), what you see is what you get. But you still have to wait 101 confirms before you can spend them. Kano I understand that the long (8+hours) wait I see in my wallet on the coins is the same wait it took you and other pool operators to be able to payout to the miners. It all makes sence now. |
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I have investigated the LOBSTER matter and it turns out he was banned. He was honest enough to speak truthfully hence he will be allowed to keep the 0.1BTC bonus. Other than that, his signature payment must be return as I have stated to: 1DwsNFJnXFSFtXP7M2q4rVczLyTqNpz1pb.
Wow, that's a lot to return. Impressive and honest of him. I struggle to make 50 posts in a month, it's amazing (in a good way) that people are able to get into the hundreds. I should get my wife on here...I bet she could get in the thousands |
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Having fun on this site playing Poker. Have made 3 withdrawals without any problems to report. Thanks!
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ok if it was near me I would have gave it a try Actually its waste of time for miners submitting shares with less than actual difficulty. Is there anyway we can set the miners to work only with the minimum node difficulty? Also are there any chances share submitted with minimum node difficulty can be rejected or discarded?
Yes, with a combination of the / and + parms on your username, you can only submit shares > say 10,000,000. However it'll seriously mess with your speed reports on p2pool, which really doesn't hurt anything except makes it hard to monitor your miners and make sure they are online. M Does it help or is there any reason to do this? |
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can you tell or point me to what the pay is per TH on your pool and any fees? its more of a rental site you can set it as p=.01xxx whatever the value will be the price per TH/per day if it doesnt reach your threshhold you simply wont mine there and when it does you'll come back I guess I misunderstood what he was saying. I have rented at Westhash during the XPY frenzy and just never thought of it as a PPS pool. |
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...
My question is, bestshare in antminer shows sometimes less than Node difficulty. What does this mean? If its less than actuall difficulty does that mean miner is submitting lower difficulty shares and are discarded by pool because of lower difficulty? Which simply means such shares gives no payout at all?
Essentially yes, your miner will submit shares that meet the pseudo share difficulty, this number is typically much lower then actual share difficulty. By doing this P2Pool is able to more accurately estimate your hashrate, and present you with better data on the front end. If you were to only submit shares that meet the minimum P2Pool difficulty it would make the data presented to you on the front end far less reliable because of the time between your valid shares. I'd be cautious about trusting "best share" on Ants, there have been errors in the past.
I am also thinking even if the Ant shows a "Best Share" large enough to get a share but you don't see it show up in your miners info on a pool, then most likely it was either a orphan or dead? I have only been mining on p2pool for less than a week and have tried a couple nodes near me (Chicago area). I also started off using a couple of wallets on my S3's and S5's so I could see just which pools and/or miners were receiving shares. Now I have consolidated all miners to one node and one wallet. Still learning here but like what I see so far. |
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can you tell or point me to what the pay is per TH on your pool and any fees? |
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lol they deleted my .056 balance without paying
definitely not ever coming back here again
Don't just assume they stole your coins. They said on IRC that there was some kind of problem with the system and that the missing balances should be back in the backlog. If you have a problem contact support, I'm sure they are happy to help you. don't just assume? im glad someone sits on IRC all day just to see that You don't need to stay there all day... Just enter and ask what is wrong and you will get an answer, you can also leave sugestions if you feel like it. I personally hate it too that there is no communication at all besides IRC... I guess no matter what any of the pool operators believe .... there is no perfect pool....but I am leaning toward p2pool now if you can handle the variance. |
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back2back ! yeeehaaaaaa
It can be like waiting for a bus sometimes - nothing for ages, then they all come at once...... Very nice! But got another question... How is p2pool able to pay out the coins so fast compared to other pools? The "shares" that are submitted on the alt chain contain the payout info for all the miners. When a share is big enough to be a block, it's submitted to the Bitcoin chain, and if accepted, the payout is distributed through the Bitcoin network as the share describes. It's a very elegant solution. Note that "payout" is probably a bad term.. more like mining distribution. M Thank you for explaining that! These payouts are also virgin coins - freshly minted That's the beauty of a truly decentralised system, we don't have to wait for any centralised body to pay us (or not, as happens on other pools), what you see is what you get. I have to agree with you...it just took me a while to understand p2pool |
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back2back ! yeeehaaaaaa
It can be like waiting for a bus sometimes - nothing for ages, then they all come at once...... Very nice! But got another question... How is p2pool able to pay out the coins so fast compared to other pools? The "shares" that are submitted on the alt chain contain the payout info for all the miners. When a share is big enough to be a block, it's submitted to the Bitcoin chain, and if accepted, the payout is distributed through the Bitcoin network as the share describes. It's a very elegant solution. Note that "payout" is probably a bad term.. more like mining distribution. M Thank you for explaining that! |
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back2back ! yeeehaaaaaa
It can be like waiting for a bus sometimes - nothing for ages, then they all come at once...... Very nice! But got another question... How is p2pool able to pay out the coins so fast compared to other pools? |
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So, I've been running my BTC node using pypy for a while now & I'm very happy with it. Anyone who has alot of spare RAM - I'd highly recommend using it - much faster, less DOA/rejects & very stable  Still like to see it in C though......... i have lotsa spare RAM ... need a guide, downloaded everything to get it running. but failed, maybe missed i something? using windows here. my node has been up for over 3 1/2 days 278 shares including 22 orphans & 2 dead, will be happy if i can get them to be lower. click on sig to goto my node. any inputs are welcomed to improve it. tia Where is it located? |
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I have another p2pool question. I am mining on 2 different nodes and I notice on both, the list of miners is always changing in which position my miners are on the list. Is this in someway tied to completed shares even if the shares don't meet the threshold of the difficulty to count as a p2pool share? I guess just wonder if there is a reason for the list to constantly be shuffling around?
It's like solo mining but a lot lower difficulty. The pseudo shares are only to show your hash rate. They really mean nothing at all. The real shares (no idea how many million diff it is at the moment) are on all nodes under the address the share was mined. Aside: So if you mine on multiple p2pool nodes with the same address, you'll see your expected payout as a sum of all shares under one sharechain address. If you mine on multiple p2pool nodes with different addresses, then the payout will be the sum of the individual addresses - but the same value. (Of course the 2nd option means that you'll end up with the payout broken up into smaller amounts which isn't very wise for anyone but a large miner) Thanks Kano |
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lol they deleted my .056 balance without paying
definitely not ever coming back here again
Don't just assume they stole your coins. They said on IRC that there was some kind of problem with the system and that the missing balances should be back in the backlog. If you have a problem contact support, I'm sure they are happy to help you. salt in the wound... This is another problem with the pool as I really don't care for the IRC as the only means of informing miners if there is an issue. |
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lol they deleted my .056 balance without paying
definitely not ever coming back here again
On your dashboard page click on the payment history link and see what it shows. The pool has had its issues, but I have never seen this happen to anybody else? You better make sure your wallet address is correct. |
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