[1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool

[HellDiverUK]

I'm confused - if I open my p2pool to the general internet public, how do they get paid?  Does p2pool do all this automatically? 

If Joe Bloggs mines on my p2pool node using his BTC address as his username, does p2pool automatically pay Joe when a block is found?

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[twmz]

I'm confused - if I open my p2pool to the general internet public, how do they get paid?  Does p2pool do all this automatically? 

If Joe Bloggs mines on my p2pool node using his BTC address as his username, does p2pool automatically pay Joe when a block is found?

The way p2pool works is that the coinbase transaction (generated by the node that finds the block) directly pays the 25 BTC to each of the addresses that earned the payout.  This is true regardless of if someone mines on a private or public node.

[Krak]

With the new ASIC-compatible version of p2pool, is it still recommended to turn off queuing in cgminer?

[HellDiverUK]

I'm confused - if I open my p2pool to the general internet public, how do they get paid?  Does p2pool do all this automatically? 

If Joe Bloggs mines on my p2pool node using his BTC address as his username, does p2pool automatically pay Joe when a block is found?

The way p2pool works is that the coinbase transaction (generated by the node that finds the block) directly pays the 25 BTC to each of the addresses that earned the payout.  This is true regardless of if someone mines on a private or public node.

So payments go to other/my nodes, rather than to miners who connect to my node?

So, if Joe Bloggs connected his miner to my pool, he'd just be donating some hashes to my node for no reward?

[ewibit]

With the new ASIC-compatible version of p2pool, is it still recommended to turn off queuing in cgminer?

is p2pool now 100% Avalon - ready?
TIA

[ebereon]

With the new ASIC-compatible version of p2pool, is it still recommended to turn off queuing in cgminer?

is p2pool now 100% Avalon - ready?
TIA

jep!

[baloo_kiev]

I'm confused - if I open my p2pool to the general internet public, how do they get paid?  Does p2pool do all this automatically? 

If Joe Bloggs mines on my p2pool node using his BTC address as his username, does p2pool automatically pay Joe when a block is found?

The way p2pool works is that the coinbase transaction (generated by the node that finds the block) directly pays the 25 BTC to each of the addresses that earned the payout.  This is true regardless of if someone mines on a private or public node.

So payments go to other/my nodes, rather than to miners who connect to my node?

So, if Joe Bloggs connected his miner to my pool, he'd just be donating some hashes to my node for no reward?

Miners have to specify payout address as their username. If they give an invalid address or any other login or no login at all, they will mine to the node's address.

[twmz]

I'm confused - if I open my p2pool to the general internet public, how do they get paid?  Does p2pool do all this automatically? 

If Joe Bloggs mines on my p2pool node using his BTC address as his username, does p2pool automatically pay Joe when a block is found?

The way p2pool works is that the coinbase transaction (generated by the node that finds the block) directly pays the 25 BTC to each of the addresses that earned the payout.  This is true regardless of if someone mines on a private or public node.

So payments go to other/my nodes, rather than to miners who connect to my node?

So, if Joe Bloggs connected his miner to my pool, he'd just be donating some hashes to my node for no reward?

payouts go to the addresses that found shares.  If a miner connecting to your node uses their address as their username and finds shares, they will get paid.  If they don't use an address as a username, your node will use your node's address for any found shares (i.e. they are donating hashes to you).  You can also specify a fee % so that some percentage of the shares they find will be assigned to your node's address instead of the address they used as a username.

[kano]

I think the point he is missing in the discussion is that p2pool is a share chain like bitcoin is a block chain
(and of course the share chain is a construction 'above' the block chain)

Everyone using p2pool is mining against the same share chain and your shares will not be accepted unless they pay out everyone mining as per the current share chain
You don't have a private p2pool that is only for you.

I also wonder if he's missing the point that you can't redirect a hash to somewhere else without effectively mining for that somewhere else (e.g. you'd be solo mining thus only finding a block every ... once in an eternity)

[bitpop]

There could be corrupt nodes that ignore your address though.

[HellDiverUK]

Thank you twmz and baloo_kiev, that explains it.   It basically works the same as Eligius, then.  Mine with your address to get paid, mine without to donate to the pool funds.

[Krak]

With the new ASIC-compatible version of p2pool, is it still recommended to turn off queuing in cgminer?

Any input on this? I'm trying p2pool with my Jalapeño and I'm curious if this still makes a difference.

[-ck]

With the new ASIC-compatible version of p2pool, is it still recommended to turn off queuing in cgminer?

Any input on this? I'm trying p2pool with my Jalapeño and I'm curious if this still makes a difference.

Don't turn off queueing. This is misguided information.

[Krak]

With the new ASIC-compatible version of p2pool, is it still recommended to turn off queuing in cgminer?

Any input on this? I'm trying p2pool with my Jalapeño and I'm curious if this still makes a difference.

Don't turn off queueing. This is misguided information.

Cool, thanks. I'll turn that back on then.

[Subo1977]

Thank you twmz and baloo_kiev, that explains it.   It basically works the same as Eligius, then.  Mine with your address to get paid, mine without to donate to the pool funds.

Thats wrong.
Without address is Donate to the NODE owner, Not the entire Pool .

[HellDiverUK]

Thank you twmz and baloo_kiev, that explains it.   It basically works the same as Eligius, then.  Mine with your address to get paid, mine without to donate to the pool funds.

Thats wrong.
Without address is Donate to the NODE owner, Not the entire Pool .

Yes, sorry, that's what I meant.   I'm confusing Node with Pool.   

[IYFTech]

With the new ASIC-compatible version of p2pool, is it still recommended to turn off queuing in cgminer?

Any input on this? I'm trying p2pool with my Jalapeño and I'm curious if this still makes a difference.

Don't turn off queueing. This is misguided information.

ckolivas, is that true for jalepeno's - or p2pool in general?

[baloo_kiev]

There could be corrupt nodes that ignore your address though.

It can be easily verified if you connect with stratum.

By the way, you should monitor it constantly if you mine on a public node, especially if it charges fee. Technically, a node takes fee by randomly giving work for its own address. On average, a miner gets %fee% node-address works in 100 requests. And those "randomly" and "on average" mean that 1 request is not enough to determine whether a node actually charges the same fee that it states.

Hence also a way for mining without fee on any node. If a miner modifies his mining software code, he can mine only to his own address. Whenever the node gives work for its own address, the miner can just discard it and make another request immediately.

[xgtele]

What is the latest p2pool version today? 13.2-2-gebae741 ??

[Krak]

What is the latest p2pool version today? 13.2-2-gebae741 ??

The latest is commit 07162a3f7d, ebae741e9e is almost a week old. https://github.com/forrestv/p2pool/commits/master