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Author Topic: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool  (Read 2029189 times)
mikejones
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January 14, 2014, 12:41:24 PM
 #7341

What is the FINANCIAL incentive for me to switch to p2pool from GHASH.IO?

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TierNolan
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January 14, 2014, 12:55:49 PM
 #7342

What is the FINANCIAL incentive for me to switch to p2pool from GHASH.IO?

P2pool has slightly higher "luck" due to a lower number of orphans. 

If you intend to hold bitcoin long term, there is a financial benefit to keeping the system healthy.

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mikejones
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January 14, 2014, 01:22:09 PM
 #7343

I have no intention of keeping Bitcoins long term I cash them in for fiat just about daily. I'm now starting to buy items on overstock with my BTC as well.

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January 14, 2014, 01:56:57 PM
 #7344

I have no intention of keeping Bitcoins long term I cash them in for fiat just about daily. I'm now starting to buy items on overstock with my BTC as well.

Well then the higher luck may interest you.  P2pool is more efficient for block broadcasting, so it gets fewer orphans.  This gives p2pool slightly higher luck.

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lenny_
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January 14, 2014, 02:30:51 PM
 #7345

I have no intention of keeping Bitcoins long term I cash them in for fiat just about daily. I'm now starting to buy items on overstock with my BTC as well.

Well then the higher luck may interest you.  P2pool is more efficient for block broadcasting, so it gets fewer orphans.  This gives p2pool slightly higher luck.

That's true.
Right now, stats are saying:
Code:
Pool Luck(?) (7 days, 30 days, 90 days): 118.2%     105.1%     111.3%
NoL1m1tZ
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January 14, 2014, 03:26:21 PM
 #7346

Just a quick question, i was told on reddit that low hash rate miners don't really work on p2p is that true?

All miners don't really work on p2pool.  But hey, the devs would rather run around waving their arms in the air, blaming everyone else rather than fixing p2pool.

None of the ASICMiner devices work properly, Avalons don't work properly, KnC don't work properly, and Antminers don't work properly.  There's issues with BFL stuff too.  Oddly enough, all those miners work fine with almost every other pool.  But, it's the hardware manufacturer's fault they don't work with p2pool.  Obviously.   Roll Eyes

Lol doesn't really answer my question but thank you. I was told that because of the difficulty that p2p is looking for, miners that have <1 Gh/s are pointless because they can't/don't solve shares of the required difficulty.
lenny_
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January 14, 2014, 03:39:20 PM
 #7347

BFL 65nm ASIC and ASICminer's USB Erupters are working great on p2pool. They are best performing devices for all SHA256 altcoins and for p2pool as well. They getting most efficiency, beating all other machines, resulting with higher payouts than expected on p2pool.

ALL other devices, from ALL other manufacturers, (Antminers, Bi-Fury USBs, BE Blades etc.) they have significant bugs and flaws, and are not able to mine alternative currencies, like ZET, FRC. And they of course not mining on p2pool as well.
mdude77
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January 14, 2014, 05:01:59 PM
 #7348

BFL 65nm ASIC and ASICminer's USB Erupters are working great on p2pool. They are best performing devices for all SHA256 altcoins and for p2pool as well. They getting most efficiency, beating all other machines, resulting with higher payouts than expected on p2pool.

I must be missing something.  According to p2pool stats, current share difficulty is 829k.  It'd take a whole lot of USB erupters to get a share that size in any reasonable amount of time.

M

MMinerMonitor author, monitor/auto/schedule reboots/alerts/remote/MobileMiner for Ants and Spondoolies! Latest (5.2). MPoolMonitor author, monitor stats/workers for most pools, global BTC stats (current/nxt diff/USD val/hashrate/calc)! Latest (v4.2) 
Buyer beware of Bitmain hardware and services.
TierNolan
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January 14, 2014, 05:14:48 PM
 #7349

I must be missing something.  According to p2pool stats, current share difficulty is 829k.  It'd take a whole lot of USB erupters to get a share that size in any reasonable amount of time.

The high share difficulty is one of the downsides for p2pool.

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mdude77
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January 14, 2014, 05:33:57 PM
 #7350

I must be missing something.  According to p2pool stats, current share difficulty is 829k.  It'd take a whole lot of USB erupters to get a share that size in any reasonable amount of time.

The high share difficulty is one of the downsides for p2pool.

I know.  I've used p2pool before.  Last time I switched off is when the share difficulty started to get out of hand for my 10gh/s rig.  That was back when it was 80k or so.

M

MMinerMonitor author, monitor/auto/schedule reboots/alerts/remote/MobileMiner for Ants and Spondoolies! Latest (5.2). MPoolMonitor author, monitor stats/workers for most pools, global BTC stats (current/nxt diff/USD val/hashrate/calc)! Latest (v4.2) 
Buyer beware of Bitmain hardware and services.
gyverlb
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January 14, 2014, 08:22:16 PM
 #7351

Just a quick question, i was told on reddit that low hash rate miners don't really work on p2p is that true?

All miners don't really work on p2pool.  But hey, the devs would rather run around waving their arms in the air, blaming everyone else rather than fixing p2pool.

None of the ASICMiner devices work properly, Avalons don't work properly,

Avalons do work properly at least when using a good firmware with a recent enough cgminer (3.2.2 here).
Bitburner Fury miners are working well too.

But what do I know ? I just actually configured them to mine on p2pool with 100+% efficiency. My experience may not correlate with someone's random assertions.

P2pool tuning guide
Trade BTC for €/$ at bitcoin.de (referral), it's cheaper and faster (acts as escrow and lets the buyers do bank transfers).
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bobcaticus
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January 14, 2014, 08:31:32 PM
 #7352

I don't think the last 2d5h6m @ 447.3% block didn't help either
lenny_
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January 14, 2014, 10:37:47 PM
 #7353

Avalons do work properly at least when using a good firmware with a recent enough cgminer (3.2.2 here).
Bitburner Fury miners are working well too.

Good to hear, I had some Bitburner Fury miners but without greater success. Probably not enough tweaking with timing. Unfortunately, I sold them Wink I had no time to configure them to work better on p2pool Smiley
Also, yes, I forgot to mention Avalons on my post earlier on!
theonewhowaskazu
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January 15, 2014, 02:33:41 AM
 #7354

Ok guys, just here to ask a dumb question.

I am currently getting about 111% efficiency on P2pool just because my connection is pretty good.
I'm also getting about only slightly more than 90% of my usual hashrate when mining on p2pool with my asics, for no adequately explained reason.

Am I right in assuming that these roughly cancel out, making the luck bonus "worth it", theoretically, assuming I can maintain my 111% efficiency on average?

Holliday
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January 15, 2014, 07:06:19 AM
 #7355

I have no intention of keeping Bitcoins long term I cash them in for fiat just about daily. I'm now starting to buy items on overstock with my BTC as well.

You don't need to hold bitcoins long term to have a financial incentive to promote a healthy Bitcoin network. Perhaps you would like to continue instantly selling your mined bitcoins in the future? You do have a hardware investment don't you? Your hardware is only going to continue providing you with income if people continue to have confidence in Bitcoin. If there is a loss in confidence in the network thanks to centralization, people may stop purchasing bitcoins from miners and Bitcoin mining hardware will probably be worthless.

Maybe hashing power centralization won't result in a loss of confidence in Bitcoin, but as a long term Bitcoin holder, I can tell you with certainty that it will affect my confidence in the system.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
gmaxwell
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January 15, 2014, 07:14:03 AM
 #7356

Avalons don't work properly
Work absolutely fine.
Quote
and Antminers don't work properly
also work fine.

(My selective quoting is only of the hardware that I'm personally running hundreds of GH/s on P2Pool with but given that you're outright wrong about those, I assume the rest of your list is equally BS)

Antminers are not responding to LP/work restart, don't bother to setup p2pool for them, they are just not compatible and you will get 30% or more Rejected work.
Single blade antminer S1, Works fantastically on P2Pool:


And if there are non-trivial numbers of people with miners that don't respond to LPs then you sure as heck don't want to be sharing a pool with them. Higher latency or the lack of LP will ding (severely!) you on P2Pool but these things increase orphaned blocks generally. With other pools that aren't so critical amount miner timeliness that cost is shared by the miners. If your setup isn't screwy you're paying for other people's screwyness. Not on P2Pool.
midnightmagic
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January 15, 2014, 07:27:13 AM
 #7357

Just a quick question, i was told on reddit that low hash rate miners don't really work on p2p is that true?

All miners don't really work on p2pool.  But hey, the devs would rather run around waving their arms in the air, blaming everyone else rather than fixing p2pool.

None of the ASICMiner devices work properly, Avalons don't work properly, KnC don't work properly, and Antminers don't work properly.  There's issues with BFL stuff too.  Oddly enough, all those miners work fine with almost every other pool.  But, it's the hardware manufacturer's fault they don't work with p2pool.  Obviously.   Roll Eyes

Avalons (b1 and prototype) work fine on P2Pool. BFL SC work fine on P2Pool. Most FPGA (except BFL FPGA) work fine on P2Pool. As I understand it, Antminers actually have a significant advantage on P2Pool.
gmaxwell
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January 15, 2014, 07:28:21 AM
 #7358

Antminers actually have a significant advantage on P2Pool.
The antminer graph I posted above has considerably better latency than the Avalon batch 1s (which still happily get me 100% eff).
midnightmagic
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January 15, 2014, 07:35:17 AM
 #7359

What is the FINANCIAL incentive for me to switch to p2pool from GHASH.IO?

Direct-to-instacash miners benefit is 0-fee (the block solver gets a slightly higher reward, but technically that evens out over the long term), better orphan rates, so more money in your pocket, and provably in your pocket.

Depending on how long you want to be a miner, it also is basically the only pool that can't steal your money, the only pool which can't take your hashrate and do something else with it without you knowing, the only pool that, if 100% of all miners used it would NOT create a centralized hashrate problem, one of the ONLY pools to payout in actual coinbase (Eligius does as well) and ..  well honestly there's basically no point in mining elsewhere than P2Pool or Eligius.

midnightmagic
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January 15, 2014, 07:54:07 AM
 #7360

And, for what it's worth, here's a 55nm Avalon doing just fine on P2Pool, much better than the B1. The downtime has nothing to do with P2Pool and everything to do with me fiddling with power stuff.

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