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Author Topic: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool  (Read 2356754 times)
justdigging
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July 11, 2017, 02:04:18 AM
 #15541

Ah the block summoning dance. May it rain blocks.

So I'm glad to say I have finally gotten my Bitcoin cherry popped by mining.....

And now that I have had that experience I guess I might be left slightly disappointed and perhaps might need a pointer or two in the right direction.

One thing might be that I might not know exactly what it is we uncover from a block.

I would be deeply appreciative if someone would be able to enlighten me and if anybody could entertain and English conversation over any medium that would be great.

I'm located in California on Pacific Time thank you so much for your consideration.



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tubexc
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July 11, 2017, 05:26:52 AM
 #15542

Ah the block summoning dance. May it rain blocks.

So I'm glad to say I have finally gotten my Bitcoin cherry popped by mining.....

And now that I have had that experience I guess I might be left slightly disappointed and perhaps might need a pointer or two in the right direction.

One thing might be that I might not know exactly what it is we uncover from a block.

I would be deeply appreciative if someone would be able to enlighten me and if anybody could entertain and English conversation over any medium that would be great.

I'm located in California on Pacific Time thank you so much for your consideration.





Why are you disappointed?
Sometimes blocks come in waves, one after another!
justdigging
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July 11, 2017, 01:02:07 PM
 #15543

Quote from: tubexc link=topic=18313.msg20061581#msg20061581

Why are you disappointed?
Sometimes blocks come in waves, one after another!
[/quote

I was under the impression when we hit a block,  either we processed more of the block, or there was a greater reward based on what was in the block.

Am to understand that whenever we hit a block that we receive about the same amount?

Where might I get s better understanding of What the reward for mining is,  and how it varies with in the pool?

I Thought there was an amount of bitcoin in s block and when a node hit a block, we discovered how many bitcoins were in the block,  and then based on our hash rate,  and number of miners in the pool, we were given a reward for mining/ processing the bitcoin network.....

Thank you for any insight and Enlightenment you can send my way and again I ask if anyone could have a conversation with me about these matters I really appreciate it.





tubexc
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July 11, 2017, 01:13:58 PM
 #15544

Quote from: tubexc link=topic=18313.msg20061581#msg20061581

[/quote

Why are you disappointed?
Sometimes blocks come in waves, one after another!

I was under the impression when we hit a block,  either we processed more of the block, or there was a greater reward based on what was in the block.

Am to understand that whenever we hit a block that we receive about the same amount?

Where might I get s better understanding of What the reward for mining is,  and how it varies with in the pool?

I Thought there was an amount of bitcoin in s block add when a node hit a block, we discovered how many bitcoins were in the block,  and then based on our hash rate,  and number of miners in the pool, we were given a reward for mining/ processing the bitcoin network.....

Thank you for any insight and Enlightenment you can send my way and again I ask if anyone could have a conversation with me about these matters I really appreciate it.







 You just need to here http://p2pool.org/stats/
 Select the tab Active Miners
 Locate your Bitcoin Address
 And see your estimated reward  Cool
justdigging
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July 11, 2017, 01:26:46 PM
 #15545

I am familiar with the process and Link you are referring to and I have been monitoring that ever since I started mining and I did start mining with this pool.

So what it looks like is we are rewarded for processing one piece of a block.

Are there variables as to what is contained in the block that affect the reward amount?

tubexc
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July 11, 2017, 01:41:15 PM
 #15546

I am familiar with the process and Link you are referring to and I have been monitoring that ever since I started mining and I did start mining with this pool.

So what it looks like is we are rewarded for processing one piece of a block.

Are there variables as to what is contained in the block that affect the reward amount?



 The only variables are here  http://p2pool.org/learn/start.php
 And if you are a block finder you have a % , if you want you can dig more on this thread doing a search
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July 11, 2017, 01:42:27 PM
 #15547

I am familiar with the process and Link you are referring to and I have been monitoring that ever since I started mining and I did start mining with this pool.

So what it looks like is we are rewarded for processing one piece of a block.

Are there variables as to what is contained in the block that affect the reward amount?



Currently the block reward is 12.5 BTC, the variable is the # of transactions included in the block and the fees associated with those transactions. The transactions included in a given p2pool block are determined by the node that finds it. Your reward is based on the number of valid shares currently in the p2pool share chain, your reward is the same % of the block regardless of what node finds it.

justdigging
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July 11, 2017, 01:54:37 PM
 #15548

Thank you for that I believe when I review that further it will make more sense I'm driving at this time.

Where does your hashrate comes into play?

I was under the impression that the greater your hashrate the greater reward you receive as you are able to do more work in the same amount of time.

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July 11, 2017, 01:58:00 PM
 #15549

Thank you for that I believe when I review that further it will make more sense I'm driving at this time.

Where does your hashrate comes into play?

I was under the impression that the greater your hashrate the greater reward you receive as you are able to do more work in the same amount of time.



 If your hashrate is normaly under 1T, i think you will receive the pointless same thing  Grin
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July 11, 2017, 02:06:11 PM
 #15550


If your hashrate is normaly under 1T, i think you will receive the pointless same thing  Grin


And what if it's NOT under 1T?

If you have 5,10,15,20,30+TH/s doesn't that make a difference?

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July 11, 2017, 02:10:32 PM
 #15551




If your hashrate is normaly under 1T, i think you will receive the pointless same thing  Grin


And what if it's NOT under 1T?

If you have 5,10,15,20,30+TH/s doesn't that make a difference?

[/quote]
[/quote]

I think that from 1 T is a growing arithmetic progression but that will stop at a certain time due to the current difficulty
justdigging
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July 11, 2017, 02:27:40 PM
 #15552



If there are MORE Transaction Fees, in the block, is the reward greater?
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July 11, 2017, 02:31:17 PM
 #15553

If there are MORE Transaction Fees, in the block, is the reward greater?

Yes.

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KorbinDallas
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July 12, 2017, 04:53:46 PM
 #15554

BTClock!!!
justdigging
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July 12, 2017, 05:16:03 PM
 #15555

Yup... got 2 Blocks within 40 hours 30 minutes of each other!

Maybe we're back on a roll here!?!?!?!

 Grin
M8BWNNRFMNdak68c
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July 15, 2017, 08:15:59 AM
 #15556

So can anybody tell me, whats the sitation with p2pool, segwit, segwit2x etc?
if i just use the bitcoin core client.. and use the official p2pool..

1. will p2pool accept segwit blocks / segwit tx?
2. will p2pool produce segwit blocks when its locked in?
3. can i vote for proposals ( when i find the block on my p2pool node ), or is a "clean" coinbase enforced for all p2pool nodes?
4. anything else to consider when mining around 1. August? how big is the possibility of ending on an oprhaned chain?
5. is it possible, to "switch sides" with p2pool easily? ( use another bitcoin client, which will fork somehow )
tubexc
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July 15, 2017, 01:26:53 PM
 #15557

Quote from: M8BWNNRFMNdak68c ;Dtopic=18313.msg20146646#msg20146646 date=1500106559
So can anybody tell me, whats the sitation with p2pool, segwit, segwit2x etc?
if i just use the bitcoin core client.. and use the official p2pool..

1. will p2pool accept segwit blocks / segwit tx?
2. will p2pool produce segwit blocks when its locked in?
3. can i vote for proposals ( when i find the block on my p2pool node ), or is a "clean" coinbase enforced for all p2pool nodes?
4. anything else to consider when mining around 1. August? how big is the possibility of ending on an oprhaned chain?
5. is it possible, to "switch sides" with p2pool easily? ( use another bitcoin client, which will fork somehow )

I think that's what's happening  http://imgur.com/a/s5hrd   Grin

tubexc
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July 17, 2017, 12:57:08 PM
 #15558

 Come on P2poolers of the genuine p2pool ---- http://p2pool.org
 More   BTCblocksBTC needed !!!
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July 17, 2017, 01:11:05 PM
 #15559

So can anybody tell me, whats the sitation with p2pool, segwit, segwit2x etc?
if i just use the bitcoin core client.. and use the official p2pool..

1. will p2pool accept segwit blocks / segwit tx?
2. will p2pool produce segwit blocks when its locked in?
3. can i vote for proposals ( when i find the block on my p2pool node ), or is a "clean" coinbase enforced for all p2pool nodes?
4. anything else to consider when mining around 1. August? how big is the possibility of ending on an oprhaned chain?
5. is it possible, to "switch sides" with p2pool easily? ( use another bitcoin client, which will fork somehow )

1. No, the official p2pool hasn't merged my PR yet.
2. See 1.
3. You can put anything you want in the coinbase but you would have to modify the p2pool code if your full node doesn't include your desired data in the block template.

P2Pool donation button | Bitrated user: veqtrus.
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July 17, 2017, 01:16:43 PM
 #15560

 You have to review your info.
 Because this node http://crypto.office-on-the.net:9332/static/ says it is segwit !  Roll Eyes
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