just trying to be a legitimate buisness
you are wrong is about about legitimate business, remember law is a tool for that state to make delinquents, then put said delinquents on jail, then use the jailed man to scare old ladies and increases taxes, a legitimate business only need to be fair with its users no to make surf on a ocean of stupid regulations tl;dr get some reality check Are you serious? How long do you think you would manage without those authorities? Taxes pay for police, infrastructure,fire department, garbage disposal and other services. Without those authorities you would get robbed twice a week and shot once a month and live in a dumpster. If you don't want any authorities? you are welcome to move to 3rd world country - no taxes there, they will simply take all of your money and shoot you. Look at bitcoin - no authorities - have you seen how many scams are out there? Sure you will say you get scammed - its your own problem. but i am sure you will change you tune if you will be the one who is scammed. ("it will never happen to me, i am supersmart and can't be scamed" - yeah, right) Law is a tool to keep a community alive and functional. This tool is sometimes misused. but calling law " tool for that state to make delinquents" just shows that you have no idea how it works and what it actually does. you are the one who needs a reality check Have you been to a third world country? Do you really think there are no authorities there and everyone really gets robbed twice a week and shot all the time? I sincerely hope you were using hyperbole. |
|
|
|
Probably a lot of people have already noticed it, but I got zero feedback from PS3 owners so far  I'm thinking of getting a PS3 just for litecoin mining. Just doing the math to see if it makes sense. If your numbers are right, the PS3 is the cat's ass, by a very long shot. I wonder why there don't seem to be more people using it. Except litecoins are not even worth pennies and only going down. Just because you can get a bunch of KH/s doesn't make it good. Run the numbers for the electricity and then see if you think it is still "the cat's ass" |
|
|
|
I have my own mining farm thats been running since last year June currently at 50Gh so the extra 10-15% coins paid to miners would come from my own mined coins.
The other alternative to get coins and sell locally would be to buy at mtgox however that would make for alot more hassles at the same time since I would need to keep $ on mtgox to off-set buying coins and then eventually move the $ back to my local bank.
This is the best way for me to get alot of bitcoins to sell locally and keep my money locally while only dealing with bitcoins online.
In fact this was a good question so I am going to add it to OP FAQ.
I am pretty sure this still doesn't make any sense. As a pool operator, you are losing coins. How does this help you sell coins? Wouldn't you just be better of selling your already mined coins? This is a pretty standard business model, bitcoin or not. Sacrifice some profit at the start to get your name. This isn't the first pool to use this model, nor will it likely be the last. |
|
|
|
Cant you just direct the --merged-url at a namecoin pool?
Hmm... that sounds like it just might work. Are there any namecoin only pools still? How about this: Setup a local p2pool with namecoind as the main chain Setup another local p2pool with bitcoind as the main chain and merged mining to the previously setup p2pool Point workers to your local bitcoin p2pool This would keep everything in p2pool so we don't have to give pool operators any power even on the alt-chain. I'm not sure how badly you would get hurt with longpolling and stales. EDIT: So I started looking through the code and it doesn't look like a namecoin p2pool would be too much work to get running. The changes made to p2pool for liquidcoin (please do not read this as an endorsement of scamcoins), look like they were simple enough. Similar changes but for namecoin would probably be just as easy. I'd make a fork, but I don't have time to code right now. https://github.com/RuxiaoMa/p2pool_lqc/networkFrom RuxiaoMa's commits, it looks like the only code that really needs to change is in networks.py and maybe in bitcoin/networks.py. Also, the p2pool code could really use some comments. |
|
|
|
Although currently incomplete you can take a look at some of the .cpp source for my upcoming open source project at https://github.com/ciyam/ciyam - bet you've rarely seen code this neatly written (including the copyright comments at the top of each .h, .cpp file). The first file I randomly clicked on was over 4000 lines long, contains no function documentation, huge stretches of if/elseif blocks (not sure if that's avoidable, but it's damn ugly), magic numbers in your switch blocks and huge code duplication. I don't mean to crap on your work, but in any mildly successful software company that wouldn't get through a code review. It wouldn't get past me anyway and I'm not even employed as a software engineer. Wow. I'd forgotten how ugly c++ is. Thanks for the reminder to avoid it for large projects if at all possible. |
|
|
|
A note on merged mining: Merged mining with p2pool is effectivley solo namecoin mining - no shared reward, 50NMC when you find your own block.
I asked this in another thread, but got no response. Is there any way to monitor the workers on your p2pool? Let's say I want to run a small pool that uses p2pool. The miners would point their workers to me with whatever address they want payment at as their username. That is easy enough for bitcoin payments. However, I can't figure out any way to determine how much to pay those workers should be paid if I find a block on the alt-chain. I was hoping for something like http://localhost:9332/local_workers |
|
|
|
|
Why do people keep torturing themselves with windows? Just use plain old debian and save yourself tons of time and headaches.
|
|
|
|
Will it be possible to peg shares to the dollar? I would very much like to see that feature.
What? I think he means rather than having prices set in BTC, have them set in USD using mt.gox rates or something. So I would say "my shares cost $6," your site would check mtgox to see that the average-weighted price is (or something like that), and if anyone wanted to by my shares they would pay with $6 worth of BTC. |
|
|
|
Just one more probably stupid question  Let's say you find a share, then you close the p2pool software and your bitcoind client. Do you still get the payout when the block is found?? I have not had time to read up on how all this really works. That will work just like any other PPLNS pool, so you will get paid unless the pool is really unlucky and your share is too old. Pay Per Last N Shares. Similar to proportional, but instead of looking at the number of shares in the round, instead looks at the last N shares, regardless of round boundaries.
|
|
|
|
|
I've never paid for a ringtone, even with using custom tones. It's too easy to get free tones.
|
|
|
|
Are you dead set on PHP? I know PHP, but I really am loving python.
PHP or C++ are greatly preferred because I am very familiar with these languages and they are both fast enough. I will consider bids in other languages, though. Thanks for the fast response. My friend and I will get a prototype up in python and then post an official bid. I guarantee the code will be more readable than the equivalent in PHP. |
|
|
|
|
Are you dead set on PHP? I know PHP, but I really am loving python.
|
|
|
|
They would burn down and destroy all of America if they thought it was in their personal interests to do so.
If we just put more government on top they can make burning America illegal then we'll all be safe. I lold |
|
|
|
You make a good point. The value remains to be seen, however. The value is non-existent and always will be. Even though they're being bought and sold? Yes |
|
|
|
Is it true that other small pools, those in the "other known" slice, can integrate into P2Pool as a "node"?
Any pool should be able to integrate into p2pool as a node. They can even set fees. However, most pools probably won't want to do this because of the increased share difficulty. Isn't the p2pool share difficulty the difficulty of the miner finding the p2pool share not the difficulty of the pool finding a block? Yes, but this difficulty will get larger as p2pool gets larger. People running miners with < 1 GH/s are going to take hours to find a p2pool share. With a traditional pool, the share difficulty is almost always 1. Can you explain this to me? Try to do it in a way an 8 year old would understand. Thank you.
Assuming you already have bitcoind setup with "server=1", you probably already have the knowledge to get this done. Rather than having your miners connect to whatever pool server you are currently using, you have them connect to p2pool. I run p2pool with a command similar to this. ./run_p2pool.py -a <my bitcoin payout address> --p2pool-port 8335 -w 8336 --merged-url http://127.0.0.1:9332/ --merged-userpass <namecoind rpcuser>:<namecoind rpcpass> -f <fee percent you want for being the pool op> <bitcoind rpcuser> <bitcoind rpcpass>
This gives merged mining with namecoin. I use non-default ports since they conflict with namecoind. I'm not sure how you could figure out payout of the alt-chain for your miners. I'm sure theres a way though. Users would then point their workers to port 8336 (or whatever else you decide) and set their username to the address where they want payout and done. At least, I'm pretty sure thats how it works. I'm running it as a backup for when your pool goes down. The readme at https://github.com/forrestv/p2pool is pretty much all you need as far as install instructions. It's not too hard. Your miners might freak out because their shares/minute will go down, but thats because of the variable difficulty shares and isn't actually anything to worry about. |
|
|
|
Is it true that other small pools, those in the "other known" slice, can integrate into P2Pool as a "node"?
Any pool should be able to integrate into p2pool as a node. They can even set fees. However, most pools probably won't want to do this because of the increased share difficulty. |
|
|
|
|
So most setups will look like this
miner ->
miner -> p2pool -> bitcoind (and maybe namecoind for merged mining)
miner ->
NOT just
miner -> p2pool -> bitcoind
For p2pool to be bundled with cgminer (like people have been asking), you would have to also bundle bitcoind with cgminer. Then if you run multiple miners, you are running multiple p2pool and bitcoinds, which isn't smart. It looks to me like a bitcoind with p2pool bundled makes more sense. Then you would only have to run two programs. You could just have "server=1" and a few more options in bitcoin.conf and be done.
It seems like the more successful that p2pool gets, the less well it works for small miners.
How can we setup multiple p2pools and not risk reducing security? Maybe when the difficulty gets above some certain amount, the pool could automatically split. Or maybe just have a config option that lets you join to a specific group of peers. For example, we could have the pro-BIP16 p2pool and the pro-BIP17 p2pool
|
|
|
|
Probably not this one if it becomes impossible to mine new blocks because the servers are being prodded so much for information... That's the point of modulating difficulty, I thought.
Imma mine some now to dump to idiots, though.
They won't even be worth the electricity. |
|
|
|
|
Show Posts
