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Author Topic: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool  (Read 2029978 times)
HellDiverUK
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January 15, 2014, 09:21:31 AM
 #7361

OK, so it seems some ASICs work better than they used to.  My apologies.  Still, the bulk of my miners are ASICMiner, which still don't work with p2pool.
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mdude77
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January 15, 2014, 09:50:56 AM
 #7362

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.

All this is true for p2pool if you have a lot of hashpower.  Otherwise that 879k share difficulty is going to give you extreme variance.

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) 
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CroverNo01
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January 15, 2014, 06:05:10 PM
 #7363

Hi folks

Just joined p2pool last night with 170Gh/s

Mining fine just wondering how long dose it take for payment to hit the wallet ? 3 blocks have been found when I have been mining on here.

Any way to monitor the miner on the pool as I looked for my wallet address on p2pool.org on the stats but can't see it.

Cheers
semaster
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January 15, 2014, 06:09:31 PM
 #7364

Hi folks

Just joined p2pool last night with 170Gh/s

Mining fine just wondering how long dose it take for payment to hit the wallet ? 3 blocks have been found when I have been mining on here.

Any way to monitor the miner on the pool as I looked for my wallet address on p2pool.org on the stats but can't see it.

Cheers

P2Pool.org is not affiliated with P2Pool or ForrestV.
.org .ru and .com p2pools are nodes that keep payouts for themselves and than distribute according to their own rules

If you want to join TRUE p2pool go to any node from list p2pool-nodes.info or setup own local node using guides from p2pool.in

alanwgeorge
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January 15, 2014, 06:12:14 PM
 #7365

Hello,

I've been mining on P2Pool for about 4 days now.  Running my own node with about 120 GH/s.  The recent 52 hour stretch of bad luck was a bit tough, but I think I'll stick with it a while.

I had a few questions for those that have been at this a while.

1.  I wanted to know if there is a way to browse the p2pool blockchain similar to way you can browse the bitcoin blockchain with blockchain.info or similar.  Basically I'd like to monitor the shares that are being posted in the p2pool chain.  I see some chain dat files in the p2pool data directory, perhaps there is a tool of some sort?

2.  I  was wondering if there is a way to tell the max difficulty a share satisfied.  Not the required difficulty to make the block but the max difficulty the hash would have satisfied.  For example, I see in p2pool I made a share and the difficulty was lets say 850K, in bfgminer I see my "best share (BS)" is 955M.  Which if I understand correctly means I could have mined a bitcoin block not to long ago.  I was wondering if you could determine the "best difficulty" for each share?

Thanks,
-alan
forrestv
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January 15, 2014, 06:18:06 PM
 #7366

Hello,

I've been mining on P2Pool for about 4 days now.  Running my own node with about 120 GH/s.  The recent 52 hour stretch of bad luck was a bit tough, but I think I'll stick with it a while.

I had a few questions for those that have been at this a while.

For (1), you can use the share explorer, which is part of the web interface, accessible with a browser on port 9332.

For (2), you could look at your shares in the share explorer and follow the links to see if any became blocks...

1J1zegkNSbwX4smvTdoHSanUfwvXFeuV23
CroverNo01
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January 15, 2014, 06:27:56 PM
 #7367

Hi folks

Just joined p2pool last night with 170Gh/s

Mining fine just wondering how long dose it take for payment to hit the wallet ? 3 blocks have been found when I have been mining on here.

Any way to monitor the miner on the pool as I looked for my wallet address on p2pool.org on the stats but can't see it.

Cheers

P2Pool.org is not affiliated with P2Pool or ForrestV.
.org .ru and .com p2pools are nodes that keep payouts for themselves and than distribute according to their own rules

If you want to join TRUE p2pool go to any node from list p2pool-nodes.info or setup own local node using guides from p2pool.in

Hi, Thanks for the reply, geeez which I knew that, if I join any pool from the p2pool-node.info list I still use the BTC wallet as user name and password as anything ?

Dose it matter how big the pool is ?

Thanks
semaster
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January 15, 2014, 06:44:18 PM
 #7368

Hi folks

Just joined p2pool last night with 170Gh/s

Mining fine just wondering how long dose it take for payment to hit the wallet ? 3 blocks have been found when I have been mining on here.

Any way to monitor the miner on the pool as I looked for my wallet address on p2pool.org on the stats but can't see it.

Cheers

P2Pool.org is not affiliated with P2Pool or ForrestV.
.org .ru and .com p2pools are nodes that keep payouts for themselves and than distribute according to their own rules

If you want to join TRUE p2pool go to any node from list p2pool-nodes.info or setup own local node using guides from p2pool.in

Hi, Thanks for the reply, geeez which I knew that, if I join any pool from the p2pool-node.info list I still use the BTC wallet as user name and password as anything ?

Dose it matter how big the pool is ?

Thanks

All p2pool nodes belongs to p2pool network
it looks something like that


you can switch between node and you still will be in p2pool network and all your work will be saved
That is great opportunity of decentralization. If any node is under ddos you can switch to other and continue work in p2pool network

K1773R
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January 15, 2014, 07:05:04 PM
 #7369

Hi folks

Just joined p2pool last night with 170Gh/s

Mining fine just wondering how long dose it take for payment to hit the wallet ? 3 blocks have been found when I have been mining on here.

Any way to monitor the miner on the pool as I looked for my wallet address on p2pool.org on the stats but can't see it.

Cheers

P2Pool.org is not affiliated with P2Pool or ForrestV.
.org .ru and .com p2pools are nodes that keep payouts for themselves and than distribute according to their own rules

If you want to join TRUE p2pool go to any node from list p2pool-nodes.info or setup own local node using guides from p2pool.in

Hi, Thanks for the reply, geeez which I knew that, if I join any pool from the p2pool-node.info list I still use the BTC wallet as user name and password as anything ?

Dose it matter how big the pool is ?

Thanks

All p2pool nodes belongs to p2pool network
it looks something like that


you can switch between node and you still will be in p2pool network and all your work will be saved
That is great opportunity of decentralization. If any node is under ddos you can switch to other and continue work in p2pool network
or, as you should, just run a own p2pool and let it handle the connections with the other pools.

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Laxe
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January 15, 2014, 11:46:33 PM
 #7370

So.....with my puny 12 Gh/s rig I might as well forget P2Pool right?  Expect share is somewhere around 4 days right now and payout per block is BTC0.00143.  So that's something like BTC0.00143 every 4 days?  Am I reading this right?
smooth
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January 15, 2014, 11:56:23 PM
 #7371

So.....with my puny 12 Gh/s rig I might as well forget P2Pool right?  Expect share is somewhere around 4 days right now and payout per block is BTC0.00143.  So that's something like BTC0.00143 every 4 days?  Am I reading this right?

How much are you going to get no matter how you mine?

It will be a little less consistent with p2pool but your expected payout is higher.

BTW, one share every four days does not sound right to me, but I'm not positive.  I did some p2pool tests not too long ago with 70 GH and I was getting consistent shares.
TierNolan
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January 15, 2014, 11:58:27 PM
 #7372

So.....with my puny 12 Gh/s rig I might as well forget P2Pool right?

If you are running the miner 24/7 and plan to just leave it run for weeks/months, then it will average out in the end.

Some people need a steady stream of cash, as they spend the money as it comes in.  They need lower variance.

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smooth
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January 16, 2014, 12:04:40 AM
 #7373

So.....with my puny 12 Gh/s rig I might as well forget P2Pool right?

If you are running the miner 24/7 and plan to just leave it run for weeks/months, then it will average out in the end.

Some people need a steady stream of cash, as they spend the money as it comes in.  They need lower variance.

It is hard for me to imagine anyone with 12 GH needs to use it to generate consistent cash. At that point your expected income is around $2 per day. If that goes to $0 for a few days or longer (balanced out by some higher paying days), who would even notice?
mdude77
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January 16, 2014, 01:18:48 AM
 #7374

So.....with my puny 12 Gh/s rig I might as well forget P2Pool right?  Expect share is somewhere around 4 days right now and payout per block is BTC0.00143.  So that's something like BTC0.00143 every 4 days?  Am I reading this right?

I would not put that little hashrate on p2pool.  You'll variance will be wildly extreme.

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) 
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smooth
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January 16, 2014, 01:30:48 AM
 #7375

So.....with my puny 12 Gh/s rig I might as well forget P2Pool right?  Expect share is somewhere around 4 days right now and payout per block is BTC0.00143.  So that's something like BTC0.00143 every 4 days?  Am I reading this right?

I would not put that little hashrate on p2pool.  You'll variance will be wildly extreme.

"Wildly extreme" meaning your current estimated $2/day earnings will end up being $0 on a lot of days (and well above $2 on some other days)? How does that even matter to anyone?

gmaxwell
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January 16, 2014, 02:09:54 AM
 #7376

So.....with my puny 12 Gh/s rig I might as well forget P2Pool right?  Expect share is somewhere around 4 days right now and payout per block is BTC0.00143.  So that's something like BTC0.00143 every 4 days?  Am I reading this right?
I would not put that little hashrate on p2pool.  You'll variance will be wildly extreme.
"Wildly extreme" meaning your current estimated $2/day earnings will end up being $0 on a lot of days (and well above $2 on some other days)? How does that even matter to anyone?
This has also long been my opinion. I absolutely cannot understand what people are thinking, my best guess is that they're honestly confused about expected returns.

What doubly boggles me is that some of the same people who say they cannot tolerate variance turn around and gamble (with negative expectation).
mdude77
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January 16, 2014, 02:54:15 AM
 #7377

So.....with my puny 12 Gh/s rig I might as well forget P2Pool right?  Expect share is somewhere around 4 days right now and payout per block is BTC0.00143.  So that's something like BTC0.00143 every 4 days?  Am I reading this right?

I would not put that little hashrate on p2pool.  You'll variance will be wildly extreme.

"Wildly extreme" meaning your current estimated $2/day earnings will end up being $0 on a lot of days (and well above $2 on some other days)? How does that even matter to anyone?

The satisfaction of seeing a reward, even small, is what makes mining worth while.  With a share difficulty now at 888k, your odds of getting a share with 12gh/s is very very low.

If you want steady, although small income, point it to a large pool like BTCGuild.

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) 
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int03h
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January 16, 2014, 05:28:12 AM
 #7378

my 4GH/s miners get an accept on my local node just as often as my 60Gh/s miners do. BFL's in this case. The point is your chances of getting a share are equal proportionally.. AS FAR AS I CAN TELL .. YMMV.
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January 16, 2014, 06:32:27 AM
 #7379

The satisfaction of seeing a reward, even small, is what makes mining worth while.  With a share difficulty now at 888k, your odds of getting a share with 12gh/s is very very low.

If you want steady, although small income, point it to a large pool like BTCGuild.

There is no reason to assume that the satisfaction of seeing a $2/day reward is greater than the satisfaction of seeing a reward of $5 or $10 every few days. This is hardly solo mining where you are trying to get very lucky and score $20K but most will never get anything (although I'd add that many very small miners might well enjoy that too -- after all lots and lots of people play the lottery and unlike mining the vig on that is atrocious). Every miner with say 12 GH on p2pool will get fairly consistent rewards every week at least, just not every day.

I will say this though, the cost of running a full bitcoin node and p2pool node in terms of bandwidth and effort are significant. If you are only pulling own a few dollars per day it probably isn't worth it.
mdude77
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January 16, 2014, 10:17:32 AM
 #7380

The satisfaction of seeing a reward, even small, is what makes mining worth while.  With a share difficulty now at 888k, your odds of getting a share with 12gh/s is very very low.

If you want steady, although small income, point it to a large pool like BTCGuild.

There is no reason to assume that the satisfaction of seeing a $2/day reward is greater than the satisfaction of seeing a reward of $5 or $10 every few days. This is hardly solo mining where you are trying to get very lucky and score $20K but most will never get anything (although I'd add that many very small miners might well enjoy that too -- after all lots and lots of people play the lottery and unlike mining the vig on that is atrocious). Every miner with say 12 GH on p2pool will get fairly consistent rewards every week at least, just not every day.

I will say this though, the cost of running a full bitcoin node and p2pool node in terms of bandwidth and effort are significant. If you are only pulling own a few dollars per day it probably isn't worth it.

On average it'll take you about 3 days to find a share at current sharechain difficulty (770k).  That means there will be dry periods much longer, and probably some days it's shorter.  Another factor regularly overlooked with p2pool is the high reject rate.  I know I was extremely disappointed when those 3 or 4 days would go by and I'd finally get that cherished share ... only to have it rejected.

I tend to think you won't be getting $5 or $10 every few days with 12gh/s. 

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) 
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