A guide for mining efficiently on P2Pool, includes FUD repellent and FAQ

[tharani]

i started using p2p pool with my asic block erupter, and also i can see it connects , current reward for block's is 0 btc but after 24 hours mining it is 0.01 btc,

so does this mean that after 24 hours if i connect and and mine and find a block i will be paid 0.01.??

also the bfg miner is showing 0.00 btc/ hr

then it updated to 196nbtc/hr

1 nBTC = 0.000000001 BTC

after it started accepting so it means its mining 196nbtc now for a hour right.??

so how to i get paid and when and how can i see how much has the bfg miner mined.

there are lots of pools named p2pool

http://www.p2pool.com/

i am using this one , i don't know the pool mentioned here is the same one.

other places named p2pool

http://p2pool.in/

http://p2pool.org/

[in2tactics]

i started using p2p pool with my asic block erupter, and also i can see it connects , current reward for block's is 0 btc but after 24 hours mining it is 0.01 btc,

so does this mean that after 24 hours if i connect and and mine and find a block i will be paid 0.01.??

also the bfg miner is showing 0.00 btc/ hr

then it updated to 196nbtc/hr

1 nBTC = 0.000000001 BTC

after it started accepting so it means its mining 196nbtc now for a hour right.??

so how to i get paid and when and how can i see how much has the bfg miner mined.

there are lots of pools named p2pool

http://www.p2pool.com/

i am using this one , i don't know the pool mentioned here is the same one.

other places named p2pool

http://p2pool.in/

http://p2pool.org/

http://p2pool.in/ is the the official p2pool website.

You can follow the official p2pool thread here: https://bitcointalk.org/index.php?topic=18313.0

[tharani]

thanks i will meet you guys there.

[.m.]

Surprised it still works.
Well done !

[flameruk]

The contents of this thread have been invaluable.
Still very much up to date and working.
Carefully reading this thread got me a good working node and background knowledge of how it works.
Thanks people.

[in2tactics]

The contents of this thread have been invaluable.
Still very much up to date and working.
Carefully reading this thread got me a good working node and background knowledge of how it works.
Thanks people.

[pokapeski]

Hi there, I am newbiest newbie so be prevented 
I have been mining for almost 24 hours and there is something that escapes me.
I have this numbers now on the stats
Payout if a block were found NOW: 0.0136501 BTC. Expected after mining for 24 hours: 0.0752 BTC per block.

I understand that the money that I have actually made is 0.0136501 BTC
The 24hours mining estimation I take is just that, an estimation, however I noticed that it has always been much higher than the estimation I was making based on the shares found or the evolution of the confirmed payout (0.0136501 BTC).

Is the "Expected after mining for 24 hours" estimation something I should trust in the long run?

thanks

[in2tactics]

Hi there, I am newbiest newbie so be prevented 
I have been mining for almost 24 hours and there is something that escapes me.
I have this numbers now on the stats
Payout if a block were found NOW: 0.0136501 BTC. Expected after mining for 24 hours: 0.0752 BTC per block.

I understand that the money that I have actually made is 0.0136501 BTC
The 24hours mining estimation I take is just that, an estimation, however I noticed that it has always been much higher than the estimation I was making based on the shares found or the evolution of the confirmed payout (0.0136501 BTC).

Is the "Expected after mining for 24 hours" estimation something I should trust in the long run?

thanks

You have not made anything yet. The "payout if block found now" statement only tells you what you WOULD earn if a block was found right NOW based on your current shares on the sharechain. The "expected after mining for 24 hours" statement is a PREDICTION based on the current p2pool hashrate and your current hashrate.

[pokapeski]

yes, I meant, I trust the pool so that when the new block is found the payment will realize.
My concern was about the difference between the estimation and the first figure of payments that I understand will happen once a block is found.
I understand from your post then that in the long run the estimation should roughly be somewhat reliable (given the difference that I notice between my results so far and the expectation).

[in2tactics]

yes, I meant, I trust the pool so that when the new block is found the payment will realize.
My concern was about the difference between the estimation and the first figure of payments that I understand will happen once a block is found.
I understand from your post then that in the long run the estimation should roughly be somewhat reliable (given the difference that I notice between my results so far and the expectation).

It usually takes about 3 days for your 24 hour payout prediction and your payout now to normalize.

[pokapeski]

thanks for the clarification.
For the record; On the tests I made the income seems to have noticibly improved after I applied the changes indicated in the first post of this thread.

[in2tactics]

thanks for the clarification.
For the record; On the tests I made the income seems to have noticibly improved after I applied the changes indicated in the first post of this thread.

Good to hear!

[jonnybravo0311]

thanks for the clarification.
For the record; On the tests I made the income seems to have noticibly improved after I applied the changes indicated in the first post of this thread.

Unless your node is the one submitting the blocks, the changes in the first post have no bearing on your mining income, since it is somebody else's node that has created and submitted the block, and you have no control over whether or not that node has followed the recommendations.

What the first post states is simply that if you increase the transaction fee minimum for any transactions you include in blocks you create, and also increase the size of the blocks you create will translate into blocks containing more transactions with higher fees.  Again... just because you're doing it, doesn't mean anyone else is.

What really matters to you as a miner is that your shares are submitted and not DOA or orphaned.  That means having a well connected peer.  The faster you can get your shares out to the network, the less of a chance you have of them being orphaned.  The faster your own node processes shares, the less chance you have of them being DOA.