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Author Topic: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool  (Read 2030000 times)
kano
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March 03, 2015, 06:46:00 AM
 #12261

The bitcoin developers are effectively against p2pool since they are against micropayments.

Yes, I'm cherry picking the quote to respond to, and the rest I will get back with you on later, but this statement simply is not fair or true.
The lowest payment on the last block was 0.00168945 BTC
i.e. 0.68% of the pool.
If the pool was 1.5PHs that's 10.2THs
Thus 1THs would be ~0.00017 BTC
As difficulty goes up, 1THs payout goes down ...

I take it you think that 1THs is too small to mine on p2pool?

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
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windpath
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March 03, 2015, 06:57:05 AM
 #12262


I take it you think that 1THs is too small to mine on p2pool?


Not at all, currently 33 p2pool miners are < 1TH/s

jonnybravo0311
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March 03, 2015, 12:42:55 PM
 #12263

The bitcoin developers are effectively against p2pool since they are against micropayments.

Yes, I'm cherry picking the quote to respond to, and the rest I will get back with you on later, but this statement simply is not fair or true.
The lowest payment on the last block was 0.00168945 BTC
i.e. 0.68% of the pool.
If the pool was 1.5PHs that's 10.2THs
Thus 1THs would be ~0.00017 BTC
As difficulty goes up, 1THs payout goes down ...

I take it you think that 1THs is too small to mine on p2pool?

That's not entirely accurate... p2pool calculates share value based upon the weight of the share, which is directly affected by the share difficulty compared to the network minimum difficulty when the share was found.  You are paid for however many weighted shares you have on the payout list when the block is found.  There are far more miners on p2pool with less than 10TH/s than there are with more than that hash rate.  For example, I've got a single S3 that mines on p2pool at 440GH/s.  You can see my payouts over time for that rig.  As an example, the last block, that rig made 0.00996171BTC.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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March 03, 2015, 08:10:48 PM
 #12264

Well, I'm sorry to have to say that after using p2pool for nearly 3 years I am forced to move my hash away to a centralized pool. After over 2 years of trying to get some kind of development happening with p2pool without any success whatsoever, I really don't have any choice. The hash rate is falling daily, meaning soon even the suggestion made by IYFTech will not be viable, if it isn't already, due to lack of blocks being solved. Unless something is done NOW to get some kind of bounty organized, p2pool will be no more.

Time is running out ladies & gentlemen, good luck.

"When one person is deluded it is called insanity - when many people are deluded it is called religion" - Robert M. Pirsig.  I don't want your coins, I want change.
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aurel57
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March 03, 2015, 08:36:28 PM
 #12265

Well, I'm sorry to have to say that after using p2pool for nearly 3 years I am forced to move my hash away to a centralized pool. After over 2 years of trying to get some kind of development happening with p2pool without any success whatsoever, I really don't have any choice. The hash rate is falling daily, meaning soon even the suggestion made by IYFTech will not be viable, if it isn't already, due to lack of blocks being solved. Unless something is done NOW to get some kind of bounty organized, p2pool will be no more.

Time is running out ladies & gentlemen, good luck.

Very understandable as I moved mine already and all the hash I rented has been worthless. Stick a fork in me as I am done.
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March 03, 2015, 08:43:38 PM
 #12266

I moved mine this past weekend for the same reasons. Stuck with it as long as I could. I will continue to check in to see about any progress for the future.
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March 03, 2015, 11:01:07 PM
 #12267

I've only been using it for backup for a while now. My node has been running regardless but I am seriously considering not even bothering and just run a bitcoin node on it for the networks sake.

Miner, tech geek, operator of NorgzPool - Sydney Australia P2Pool Node creator of p2pool fancy front end

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Chupacabras
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March 03, 2015, 11:11:46 PM
 #12268

I've only been using it for backup for a while now. My node has been running regardless but I am seriously considering not even bothering and just run a bitcoin node on it for the networks sake.
+1

LXC: DFfLxDJfbqXyVNsTeWuARGPfQ2YKRE6y1a
BTC: 1N3misAgyCTW7b5BQojoLx7p9ok39e52UV
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March 04, 2015, 12:58:17 AM
 #12269


LXC: DFfLxDJfbqXyVNsTeWuARGPfQ2YKRE6y1a
BTC: 1N3misAgyCTW7b5BQojoLx7p9ok39e52UV
Life is like a box of chocolate. Famous Runner Forrest Gump
lightfoot
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Hacking KNC stuff because it goes FOOM well.


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March 04, 2015, 01:01:07 AM
 #12270

Can't see why one would bail: Luck is luck, if the pool has some time without blocks there will be time with blocks. This is the same for Slush, Eclipse, Eligius, BTC50, and whatever other pool you decide to use. It's basic statistics, you will not get a better deal anywhere else because there *is* no better deal.

There are however worse deals :-)

P2Pool is distributed, with no central place that a govt can choke. That's why I like it and why I'll stick with it as is.

Mine on!
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March 04, 2015, 01:24:01 AM
 #12271

Can't see why one would bail: Luck is luck, if the pool has some time without blocks there will be time with blocks. This is the same for Slush, Eclipse, Eligius, BTC50, and whatever other pool you decide to use. It's basic statistics, you will not get a better deal anywhere else because there *is* no better deal.

There are however worse deals :-)

P2Pool is distributed, with no central place that a govt can choke. That's why I like it and why I'll stick with it as is.

Mine on!


LXC: DFfLxDJfbqXyVNsTeWuARGPfQ2YKRE6y1a
BTC: 1N3misAgyCTW7b5BQojoLx7p9ok39e52UV
Life is like a box of chocolate. Famous Runner Forrest Gump
lightfoot
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March 04, 2015, 02:34:12 AM
 #12272

PatMan
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March 04, 2015, 10:28:10 AM
 #12273

Can't see why one would bail: Luck is luck.....

P2pools problems have absolutely nothing to do with luck, you are only kidding yourself by thinking this is the case. The issues with p2pool have been very well documented & discussed here over the last 2 years, I suggest you scroll back & read the thread again. The problems are compatibility, scalability, variance & a complete lack of communication & development by a dev who has been accepting donations while doing nothing to address these issues. The fact that so many long term users like myself have finally given up with trying to get something done to fix these problems only highlights this.

I have been a very vocal supporter of p2pool for 3 years & am very aware of it's potential benefits, but unless software is kept updated, is constantly developed and issues ironed out - it will become obsolete, as has happened with p2pool.

"When one person is deluded it is called insanity - when many people are deluded it is called religion" - Robert M. Pirsig.  I don't want your coins, I want change.
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March 04, 2015, 03:22:52 PM
 #12274

Are there any other developers interested in taking on this project and fixing it?  How would we even go about fixing the inherent issues? Would it be better to start from scratch or work off of the current codebase?
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March 04, 2015, 03:43:10 PM
 #12275

a complete lack of communication & development by a dev who has been accepting donations while doing nothing to address these issues.

I think the attacks on Forrest are unjustified. P2Pool is a brilliant work. The accepted donations when accounting the times they were taken total only $1358! That is a f*cking joke. You want to blame someone? Blame the P2Pool miners that gutted all the fun out of this project so that its benevolent maintainer lost interest.

EDIT: I missed $23384 of donations.  Roll Eyes

IYFTech
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March 04, 2015, 04:35:50 PM
 #12276

Well, I'm sorry to have to say that after using p2pool for nearly 3 years I am forced to move my hash away to a centralized pool.

Holy moly dude, never thought I'd see the day when you left p2pool - welcome to the self-destructing & boring world of centralized mining  Tongue

I think the attacks on Forrest are unjustified. P2Pool is a brilliant work.

P2pool was brilliant work 2 years ago, which is pre-historic in software terms. Now it is just old, outdated & clunky abandonware. I don't think anyone is interested in playing the blame game here, many months of that have got p2pool absolutely nowhere & is why it is in it's current state.

Re-write & improve or die. Simple as that.

-- Smiley  Thank you for smoking  Smiley --  If you paid VAT to dogie for items you should read this thread:  https://bitcointalk.org/index.php?topic=1018906.0
yslyung
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March 04, 2015, 04:59:07 PM
 #12277

if no action within a month or so (imo) looks like dying is the option.

tbvh, smaller miners are becoming bigger closer to TH/s range, the ghs range is fading away.

i think if the share difficulty issue can be fixed, p2pool shall rise quickly ( i personally will put in a min of 500 th/s) & start to hit multiple blocks daily again.

it's just me prolly but i always have a feeling that there's a fix for sure or someone out there knows how to fix it but just not wanting to fix it.
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March 04, 2015, 07:05:44 PM
 #12278

am very aware of it's potential benefits, but unless software is kept updated, is constantly developed and issues ironed out - it will become obsolete, as has happened with p2pool.

block is power.
P2Pool is 1,5PH/s.
Bitcoin network is 351 PH/s.

nothing to update here ... P2Pool block every 3-4 days.  Smiley no ?

French ... but not so much   ---===---   P2P ... it's people at the end   ---===---   P2Pool (10,9 GH/s).
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IYFTech
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March 04, 2015, 07:29:54 PM
 #12279

No.

-- Smiley  Thank you for smoking  Smiley --  If you paid VAT to dogie for items you should read this thread:  https://bitcointalk.org/index.php?topic=1018906.0
yslyung
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March 04, 2015, 08:23:35 PM
 #12280

and a block !
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