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Question: Will pools double their fees when the reward halves?
Yes - 8 (32%)
No - 17 (68%)
Total Voters: 25

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Author Topic: Will pools double their fees when the reward halves?  (Read 2376 times)
nibor
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September 29, 2012, 04:12:05 PM
 #1

With miners worrying about the reward halving from 50->25 BTC, this will also impact the pool operators.

Although most keep the transaction fees so will not be a halving of income but will still be a big drop if they do not increase their fee percentages.
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hamdi
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September 29, 2012, 04:14:27 PM
 #2

this would drive even more people away from mining.

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September 29, 2012, 04:43:25 PM
 #3

P2pool fees (wich are exactly 0) won't change  Cheesy

dirtycat
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September 29, 2012, 04:49:51 PM
 #4

P2pool fees (wich are exactly 0) won't change  Cheesy

p2pool FTW! again!

poop!
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October 01, 2012, 09:01:42 AM
 #5

P2pool fees (wich are exactly 0) won't change  Cheesy

P2pool is one of the most expensive pools to mine at because of the high orphan rate.

But no, I don't expect pool fees to change because of the reward halving.

A more interesting problem is ASICs and the increased orphan rate they will cause until the difficulty catches up. This could be a big expense for pools that pay out orphaned blocks. For my own pool (which pays orphans for a donation), I haven't decided yet what to do in case orphans get really bad.

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October 01, 2012, 01:21:26 PM
 #6

P2pool fees (wich are exactly 0) won't change  Cheesy

0.5% actually. The block discoverer gets that, don't forget.
DrHaribo is also right, p2pool has one hell of a high orphan rate.

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vitruvio
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October 01, 2012, 09:20:52 PM
 #7

I stopped mining LTC in P2Pool the first time I tried to make an transaction with the LTC earned.

There was so many little mining transactions that to transfer 40 LTC must pay a fee of 4 LTC, client said because of size of transaction, so better a normal pool, you keep mining there, even with little hash rate, and then make a transaction for the whole earned. So your wallet won't be so "fragmented".

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October 02, 2012, 11:16:49 AM
 #8

P2pool fees (wich are exactly 0) won't change  Cheesy

0.5% actually. The block discoverer gets that, don't forget.

That's not a fee. A fee means the expected value of a share is (1 - f)*B/D, where f is the fee fraction, B is the bitcoin reward, and D is the mining difficulty. The expected value of a valid share on p2Pool is exactly B/D. No fee.

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os2sam
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October 02, 2012, 11:25:36 AM
 #9

Am I the only one who thinks these "polls" which your "vote" has absolutely no bearing on anything are just plain silly?

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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October 02, 2012, 07:39:41 PM
 #10

P2pool fees (wich are exactly 0) won't change  Cheesy

0.5% actually. The block discoverer gets that, don't forget.

That's not a fee. A fee means the expected value of a share is (1 - f)*B/D, where f is the fee fraction, B is the bitcoin reward, and D is the mining difficulty. The expected value of a valid share on p2Pool is exactly B/D. No fee.

The block discoverer still gets 0.5% of the block, so it's 0.5% less for the miners, so it's the same as a pool with fees of 0.5%.
It doesn't matter how you calculate it, in the end it's what comes into your pocket that matters.

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dirtycat
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October 02, 2012, 08:58:57 PM
 #11

P2pool fees (wich are exactly 0) won't change  Cheesy

0.5% actually. The block discoverer gets that, don't forget.

That's not a fee. A fee means the expected value of a share is (1 - f)*B/D, where f is the fee fraction, B is the bitcoin reward, and D is the mining difficulty. The expected value of a valid share on p2Pool is exactly B/D. No fee.

The block discoverer still gets 0.5% of the block, so it's 0.5% less for the miners, so it's the same as a pool with fees of 0.5%.
It doesn't matter how you calculate it, in the end it's what comes into your pocket that matters.

but if your the block discoverer.. that's .5% more in your pocket.. and that's great

poop!
organofcorti
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October 02, 2012, 09:36:17 PM
 #12

P2pool fees (wich are exactly 0) won't change  Cheesy

0.5% actually. The block discoverer gets that, don't forget.

That's not a fee. A fee means the expected value of a share is (1 - f)*B/D, where f is the fee fraction, B is the bitcoin reward, and D is the mining difficulty. The expected value of a valid share on p2Pool is exactly B/D. No fee.

The block discoverer still gets 0.5% of the block, so it's 0.5% less for the miners, so it's the same as a pool with fees of 0.5%.
It doesn't matter how you calculate it, in the end it's what comes into your pocket that matters.

If that's your level of math, you shouldn't be mining. The finder of the block is also a miner.

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hahahafr
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October 03, 2012, 01:38:51 AM
 #13

Like I'm gonna find a block with 818 MH/s. Roll Eyes

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organofcorti
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October 03, 2012, 02:12:10 AM
 #14

Like I'm gonna find a block with 818 MH/s. Roll Eyes

You'll find, on average, as many blocks as your proportion of p2Pool's hashrate represents.

Say you're about 0.2% of p2Pools hashrate. You should then be earning 0.2% of the bitcoin reward, and also finding 0.2% of the blocks (on average, but the variance will be high).

Since your expected earnings are 0.2% of both the fee and the reward, you're not paying a fee.

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Shadow383
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October 03, 2012, 02:36:23 AM
 #15

Like I'm gonna find a block with 818 MH/s. Roll Eyes
June last year I found a block with a single 5770  Wink
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October 03, 2012, 06:10:41 AM
 #16

This is getting off-topic now, anyway, p2pool is a truly nice idea, I find it awesome. Sadly, the high orphan rate + the high PoW stale rate + the 0.5% fee makes it less attractive than DeepBit (!!) for lots of users, including me. Bitminter > * for now.

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organofcorti
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October 03, 2012, 06:19:54 AM
Last edit: October 03, 2012, 06:42:58 AM by organofcorti
 #17

..... + the 0.5% fee ....

ARGH!

There is no, repeat no, 0.5% fee. None at all. Zip. Nada.

All together now: P2POOL HAS NO FEE!

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October 03, 2012, 06:38:21 AM
 #18

..... + the 0.5% fee ....

ARGH!

The is no, repeat no, 0.5% fee. None at all. Zip. Nada.

All together now: P2POOL HAS NO FEE!
TX fees are also divided my p2pool miners, so block value to split is higher than in rest of pools...
Anyway, 3 orphans in last month is "hell of the orphans" ? Hmm?

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October 03, 2012, 06:48:50 AM
 #19

..... + the 0.5% fee ....

ARGH!

The is no, repeat no, 0.5% fee. None at all. Zip. Nada.

All together now: P2POOL HAS NO FEE!
TX fees are also divided my p2pool miners, so block value to split is higher than in rest of pools...
Anyway, 3 orphans in last month is "hell of the orphans" ? Hmm?
sorry to disappoint p2pool isn't the only one that pays out txn fees Smiley

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October 03, 2012, 07:07:49 AM
 #20

..... + the 0.5% fee ....

ARGH!

There is no, repeat no, 0.5% fee. None at all. Zip. Nada.

All together now: P2POOL HAS NO FEE!

p2pool has no fee!

poop!
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