Bitcoin Forum
December 04, 2016, 03:59:30 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 [379] 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 ... 744 »
  Print  
Author Topic: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool  (Read 2029287 times)
smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
January 24, 2014, 04:54:44 AM
 #7561

100 Gh isnt enough to be mining on a p2pool

Sigh, this same myth keeps getting repeated over and over again.  100 GH (or really any GH) is just fine with p2pool, as long as you realize that your normal $23/day mining revenue will fluctuate from day to day, not get paid every single day like clockwork. Over the course of a few weeks you will get close to what you expect. It just requires a bit of patience.

The only real downside is that it takes some resources (computer, bandwidth, time) to run a p2pool node and maybe it isn't worth it for a $23/day operation.

1480823970
Hero Member
*
Offline Offline

Posts: 1480823970

View Profile Personal Message (Offline)

Ignore
1480823970
Reply with quote  #2

1480823970
Report to moderator
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
nreal
Full Member
***
Offline Offline

Activity: 182


View Profile
January 24, 2014, 05:24:59 AM
 #7562

100 Gh isnt enough to be mining on a p2pool

Sigh, this same myth keeps getting repeated over and over again.  100 GH (or really any GH) is just fine with p2pool, as long as you realize that your normal $23/day mining revenue will fluctuate from day to day, not get paid every single day like clockwork. Over the course of a few weeks you will get close to what you expect. It just requires a bit of patience.

The only real downside is that it takes some resources (computer, bandwidth, time) to run a p2pool node and maybe it isn't worth it for a $23/day operation.



I wonder why theres not 5000 miners on p2pool, is it because of people cant do the math. Or is it because the difficulty rises every ~10 days and time is money?
Or what do you think the reason might be?
smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
January 24, 2014, 05:39:52 AM
 #7563

I wonder why theres not 5000 miners on p2pool, is it because of people cant do the math. Or is it because the difficulty rises every ~10 days and time is money?
Or what do you think the reason might be?

Put that way, the answer has to be that people can't do math.

Difficulty rising will reduce your earnings no matter how you mine. Unless of course you upgrade, which is what a lot of people end up doing (otherwise you won't me a miner for long), in which case again you are looking at a long term proposition to smooth out short term fluctuations in your earnings.

nreal
Full Member
***
Offline Offline

Activity: 182


View Profile
January 24, 2014, 05:54:38 AM
 #7564

I wonder why theres not 5000 miners on p2pool, is it because of people cant do the math. Or is it because the difficulty rises every ~10 days and time is money?
Or what do you think the reason might be?

Put that way, the answer has to be that people can't do math.

Difficulty rising will reduce your earnings no matter how you mine. Unless of course you upgrade, which is what a lot of people end up doing (otherwise you won't me a miner for long), in which case again you are looking at a long term proposition to smooth out short term fluctuations in your earnings.



Oh no, I realised that im getting allmost nothing on p2pool with 120gh nowdays - so I swiched to another pool, and now I can expect ~0.10 / 3 days.

p2pool earnings with 120gh - its easy to notice that I was loosing day by day - little but still loosing

2014-01-19 17:13:20
0.00477012 BTC

2014-01-18 23:41:08
0.00479305 BTC
0.00477196 BTC

2014-01-17 06:18:47
0.01245325 BTC

2014-01-16 12:55:33
0.02006893 BTC

2014-01-15 11:45:28
0.01547546 BTC
0.0154557 BTC
0.01545295 BTC

2014-01-14 19:14:27
0.0041062 BTC
0.00410603 BTC


On a normal pool it looks like this:

2014-01-20 12:08:01
0.04748497 BTC

2014-01-21 12:53:48
0.043208 BTC

2014-01-22 18:32:54
0.04321408 BTC

So..

smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
January 24, 2014, 06:16:18 AM
 #7565

You were not "losing day by day." What you had was the normal random fluctuations (and not even that much fluctuation).  From the 14th to the 16th your earnings went up, then from the 16th to the 18th they went down. Overall you probably got about what you were supposed to. If you stick with it your earnings will continue to go up and down a little, and again you will get about what you are supposed to (which is more than other pools since you won't pay pool fees, and won't ever suffer losses from a pool being dishonest or getting hacked).

p2pool earnings with 120gh - its easy to notice that I was loosing day by day - little but still loosing

2014-01-19 17:13:20
0.00477012 BTC

2014-01-18 23:41:08
0.00479305 BTC
0.00477196 BTC

2014-01-17 06:18:47
0.01245325 BTC

2014-01-16 12:55:33
0.02006893 BTC

2014-01-15 11:45:28
0.01547546 BTC
0.0154557 BTC
0.01545295 BTC

2014-01-14 19:14:27
0.0041062 BTC
0.00410603 BTC






nreal
Full Member
***
Offline Offline

Activity: 182


View Profile
January 24, 2014, 06:32:20 AM
 #7566

You were not "losing day by day." What you had was the normal random fluctuations (and not even that much fluctuation).  From the 14th to the 16th your earnings went up, then from the 16th to the 18th they went down. Overall you probably got about what you were supposed to. If you stick with it your earnings will continue to go up and down a little, and again you will get about what you are supposed to (which is more than other pools since you won't pay pool fees, and won't ever suffer losses from a pool being dishonest or getting hacked).

p2pool earnings with 120gh - its easy to notice that I was loosing day by day - little but still loosing

2014-01-19 17:13:20
0.00477012 BTC

2014-01-18 23:41:08
0.00479305 BTC
0.00477196 BTC

2014-01-17 06:18:47
0.01245325 BTC

2014-01-16 12:55:33
0.02006893 BTC

2014-01-15 11:45:28
0.01547546 BTC
0.0154557 BTC
0.01545295 BTC

2014-01-14 19:14:27
0.0041062 BTC
0.00410603 BTC

On a normal pool like this below :

2014-01-20 12:08:01
0.04748497 BTC

2014-01-21 12:53:48
0.043208 BTC

2014-01-22 18:32:54
0.04321408 BTC

So..




Yeah well, i like p2pool - but my 120gh isnt enough.
Waiting for more power to be able to be back.
nreal
Full Member
***
Offline Offline

Activity: 182


View Profile
January 24, 2014, 07:12:21 AM
 #7567

You were not "losing day by day." What you had was the normal random fluctuations (and not even that much fluctuation).  From the 14th to the 16th your earnings went up, then from the 16th to the 18th they went down. Overall you probably got about what you were supposed to. If you stick with it your earnings will continue to go up and down a little, and again you will get about what you are supposed to (which is more than other pools since you won't pay pool fees, and won't ever suffer losses from a pool being dishonest or getting hacked).


Its the same to me if theres a small fee, nothing comes for free but bad taste into mounth sometimes.

ZachB
Newbie
*
Offline Offline

Activity: 4


View Profile
January 24, 2014, 08:00:28 AM
 #7568

I've searched for an answer to this, but I haven't found it...

I'm running a P2Pool node.  I realize I can set difficulty using address+XXXX  where XXXX is a user specified difficulty. 

Is there any reason other than seeing a 'smooth' graph to set difficulty any lower than the share difficulty?  My Pseudoshares at difficulty 128 or whatever really mean nothing other than it updates the graphs showing my miner is doing work.

If I were to set the pseudoshare difficulty to the share difficulty [currently 873000], is there any downside?  I'd save in some bandwidth, seems like it would save all the trouble of sending shares in when they don't really mean anything.  I'd edit the code so as share difficulty fluctuates the difficulty for pseudoshares would fluctuate as well sent to my miners...Is this a crazy thing to do?

Thanks,

Zach
Krak
Hero Member
*****
Offline Offline

Activity: 591



View Profile WWW
January 24, 2014, 08:09:14 AM
 #7569

I've searched for an answer to this, but I haven't found it...

I'm running a P2Pool node.  I realize I can set difficulty using address+XXXX  where XXXX is a user specified difficulty. 

Is there any reason other than seeing a 'smooth' graph to set difficulty any lower than the share difficulty?  My Pseudoshares at difficulty 128 or whatever really mean nothing other than it updates the graphs showing my miner is doing work.

If I were to set the pseudoshare difficulty to the share difficulty [currently 873000], is there any downside?  I'd save in some bandwidth, seems like it would save all the trouble of sending shares in when they don't really mean anything.  I'd edit the code so as share difficulty fluctuates the difficulty for pseudoshares would fluctuate as well sent to my miners...Is this a crazy thing to do?

Thanks,

Zach
If you don't mind losing the stats, you can certainly set it that high. There are no other downsides. Are your miners on a separate network from the p2pool node? I don't see why you'd need to save bandwidth if they were on the same network.

BTC: 1KrakenLFEFg33A4f6xpwgv3UUoxrLPuGn
smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
January 24, 2014, 08:21:59 AM
 #7570

If I were to set the pseudoshare difficulty to the share difficulty [currently 873000], is there any downside?

One downside is that you won't see any evidence if things aren't working. In fact I'm not sure how the miners work exactly but it seems like they might not failover under some conditions if they don't have the opportunity to try get new work and have it fail, so your miners might continue mining on a down pool.

ZachB
Newbie
*
Offline Offline

Activity: 4


View Profile
January 24, 2014, 09:27:58 AM
 #7571

I've searched for an answer to this, but I haven't found it...

I'm running a P2Pool node.  I realize I can set difficulty using address+XXXX  where XXXX is a user specified difficulty. 

Is there any reason other than seeing a 'smooth' graph to set difficulty any lower than the share difficulty?  My Pseudoshares at difficulty 128 or whatever really mean nothing other than it updates the graphs showing my miner is doing work.

If I were to set the pseudoshare difficulty to the share difficulty [currently 873000], is there any downside?  I'd save in some bandwidth, seems like it would save all the trouble of sending shares in when they don't really mean anything.  I'd edit the code so as share difficulty fluctuates the difficulty for pseudoshares would fluctuate as well sent to my miners...Is this a crazy thing to do?

Thanks,

Zach
If you don't mind losing the stats, you can certainly set it that high. There are no other downsides. Are your miners on a separate network from the p2pool node? I don't see why you'd need to save bandwidth if they were on the same network.


They're actually not on the same network, the P2Pool node is hosted at a large datacenter, my miner is at home on a business broadband connection.  I'm about 64ms rtt away.  I'm mining with about 450 GH/s.  I was thinking the ASICs would be more busy mining and less busy reporting to cgminer 'results' -- IE, I'd keep them heads-down mining by not having them report proof of work as often.  But I suspect the reporting every few seconds probably isn't much of a slowdown, with new work every ~30sec, they have to pause a bit anyway...

Thanks for the input, I was mainly trying to verify my understanding -- mostly academic, I kinda like knowing from the graphs it *is* doing something by reporting  Smiley

--Zach
vogelor
Newbie
*
Offline Offline

Activity: 7


View Profile
January 24, 2014, 11:44:53 AM
 #7572

Hello Forum. This is my first post here and i hope it is the right place  Smiley

Can anybody tell me, how a p2pool-node is "defined", by his IP, his payout-address or by some data stored in the data-dir?

i asked, because i want to migrate a p2pool-node from one hardware-machine to another and i dont want to setup a new node. i want to MIGRATE the node with all its shares and so on.

i know i can copy the data dir from the old node to the new one. but is it still the same node for the p2pool network?

Thank you!

Olli
smoothrunnings
Hero Member
*****
Offline Offline

Activity: 546


View Profile
January 24, 2014, 11:48:47 AM
 #7573

Looking at the graphs page on my P2Pool site I have some questions.

I set one of my avy's to a different wallet ID. The avy does 106~107GH/s, I see the hashing graph which has -mean 106GH/s. The other bar graph below it that I guess is for the BTC's (it show's BTCs on my main wallet ID) is completely blank, there isn't even the slightest blue line. I wonder if this is a fault in the data making not appear normally or if it's something else?

If you want to see what I mean have a look at my page. You can see the main wallet which shows the data under its hashing data, but the second one shows nothing under its hashing data.

Thanks

http://p2pool.smoothrunnings.ca:9332/
 



100 Gh isnt enough to be mining on a p2pool, you wil get 0-2 shares a day, 500Gh is the reasonable minimium to be able to get ~10 shares a day, it can be several days witout a share on a 100Gh. If you start up with a 100Gh, you wont be able to get the best out of your p2pool node - theres alot settings you can tune - but not without shares.

Theres also that - when you have good luck and p2pool have bad luck, and when p2pool have good luck and you have bad situation, not to mention that if you get your only share just when a block is found -> its orphan then Smiley

Share difficulty is skyhigh, If you want to make coins with 100gh theres other pools that pay for every share + you get namecoins aswell for your efforts  Cheesy

If its 0.03 you get from a normal pool / day with 100Gh, let me say one day without a share on a p2pool 6 blocks found, next day 1 orphan 1 good -blocks found 2, third day 3 shares no blocks. On a normal pool its 0.09 on p2pool its ~0.01, is 100Gh enough? If the third day end up with 5 blocks it could be ~ 0.04- 0.07 for those three days.

Just as your name account status points out, you are a "newbie", you don't know what your talking about. When you have some RL experience come back and lets talk. Smiley

smoothrunnings
Hero Member
*****
Offline Offline

Activity: 546


View Profile
January 24, 2014, 11:51:40 AM
 #7574

100 Gh isnt enough to be mining on a p2pool

Sigh, this same myth keeps getting repeated over and over again.  100 GH (or really any GH) is just fine with p2pool, as long as you realize that your normal $23/day mining revenue will fluctuate from day to day, not get paid every single day like clockwork. Over the course of a few weeks you will get close to what you expect. It just requires a bit of patience.

The only real downside is that it takes some resources (computer, bandwidth, time) to run a p2pool node and maybe it isn't worth it for a $23/day operation.



I am not sure where you get 23$ a day from? I think my P2Pool costs me less than that a day, the computer I am using is fan-less and only uses at the most 3watts of power. Since I pay for my internet already the cost of internet is really marginal.

smoothrunnings
Hero Member
*****
Offline Offline

Activity: 546


View Profile
January 24, 2014, 11:57:13 AM
 #7575

You were not "losing day by day." What you had was the normal random fluctuations (and not even that much fluctuation).  From the 14th to the 16th your earnings went up, then from the 16th to the 18th they went down. Overall you probably got about what you were supposed to. If you stick with it your earnings will continue to go up and down a little, and again you will get about what you are supposed to (which is more than other pools since you won't pay pool fees, and won't ever suffer losses from a pool being dishonest or getting hacked).

p2pool earnings with 120gh - its easy to notice that I was loosing day by day - little but still loosing

2014-01-19 17:13:20
0.00477012 BTC

2014-01-18 23:41:08
0.00479305 BTC
0.00477196 BTC

2014-01-17 06:18:47
0.01245325 BTC

2014-01-16 12:55:33
0.02006893 BTC

2014-01-15 11:45:28
0.01547546 BTC
0.0154557 BTC
0.01545295 BTC

2014-01-14 19:14:27
0.0041062 BTC
0.00410603 BTC

On a normal pool like this below :

2014-01-20 12:08:01
0.04748497 BTC

2014-01-21 12:53:48
0.043208 BTC

2014-01-22 18:32:54
0.04321408 BTC

So..




Yeah well, i like p2pool - but my 120gh isnt enough.
Waiting for more power to be able to be back.

Bitcoin mining isn't just about the number of hashes you can get out of your gear, it's also based on luck. There are still some people to this day who have been lucky enough to get more bitcoins than what they would normally get if the mined and that doesn't matter if you are mining at 335MH/s or 3TH/s.

smoothrunnings
Hero Member
*****
Offline Offline

Activity: 546


View Profile
January 24, 2014, 12:02:55 PM
 #7576

I wonder why theres not 5000 miners on p2pool, is it because of people cant do the math. Or is it because the difficulty rises every ~10 days and time is money?
Or what do you think the reason might be?

Put that way, the answer has to be that people can't do math.

Difficulty rising will reduce your earnings no matter how you mine. Unless of course you upgrade, which is what a lot of people end up doing (otherwise you won't me a miner for long), in which case again you are looking at a long term proposition to smooth out short term fluctuations in your earnings.



Oh no, I realised that im getting allmost nothing on p2pool with 120gh nowdays - so I swiched to another pool, and now I can expect ~0.10 / 3 days.

p2pool earnings with 120gh - its easy to notice that I was loosing day by day - little but still loosing

2014-01-19 17:13:20
0.00477012 BTC

2014-01-18 23:41:08
0.00479305 BTC
0.00477196 BTC

2014-01-17 06:18:47
0.01245325 BTC

2014-01-16 12:55:33
0.02006893 BTC

2014-01-15 11:45:28
0.01547546 BTC
0.0154557 BTC
0.01545295 BTC

2014-01-14 19:14:27
0.0041062 BTC
0.00410603 BTC


On a normal pool it looks like this:

2014-01-20 12:08:01
0.04748497 BTC

2014-01-21 12:53:48
0.043208 BTC

2014-01-22 18:32:54
0.04321408 BTC

So..



You MUST be vigilant with P2Pool, you aren't going to see the real profit from it until you have run it for at least 30 days.

Note, this is from the following post: https://bitcointalk.org/index.php?topic=153232.0

Patience

If you are beginning on P2Pool you should expect irregular payments which can be frustrating. P2Pool is attracting more and more hashrate (from a low 200GH/s in March 2013 to a high 1.4TH/s in July 2013) but its variance is still somewhat high.

First you should be prepared to mine for a couple of days to check that your configuration is good enough (study the efficiency value displayed by your node's main page). If your efficiency is near or above 100%, you can expect more income on P2Pool than in most traditional pools. The only question for you is how long you are willing to wait for variance becoming negligible. On P2Pool with the current hashrate, you should expect to be in the 80-120% luck range in a couple of weeks. I've never seen P2Pool get <80% luck during more than a month. In 6 months I've seen both near 120% luck in a month and near 80% luck in another. As I wrote elsewhere: add your hashrate by joining us and variance will go down!

Note: P2Pool's payment method is PPLNS, with its current configuration you have to wait approximately 72 hours (on Bitcoin, this changes with other coins) to get the first "full" payments. These payments are mined coins (unlike most other pools), they are usable after 120 confirmations not 6 (but you get them as soon as the block is found which makes them usable as quickly as most other pools).
nreal
Full Member
***
Offline Offline

Activity: 182


View Profile
January 24, 2014, 12:39:30 PM
 #7577

I wonder why theres not 5000 miners on p2pool, is it because of people cant do the math. Or is it because the difficulty rises every ~10 days and time is money?
Or what do you think the reason might be?

Put that way, the answer has to be that people can't do math.

Difficulty rising will reduce your earnings no matter how you mine. Unless of course you upgrade, which is what a lot of people end up doing (otherwise you won't me a miner for long), in which case again you are looking at a long term proposition to smooth out short term fluctuations in your earnings.



Oh no, I realised that im getting allmost nothing on p2pool with 120gh nowdays - so I swiched to another pool, and now I can expect ~0.10 / 3 days.

p2pool earnings with 120gh - its easy to notice that I was loosing day by day - little but still loosing

2014-01-19 17:13:20
0.00477012 BTC

2014-01-18 23:41:08
0.00479305 BTC
0.00477196 BTC

2014-01-17 06:18:47
0.01245325 BTC

2014-01-16 12:55:33
0.02006893 BTC

2014-01-15 11:45:28
0.01547546 BTC
0.0154557 BTC
0.01545295 BTC

2014-01-14 19:14:27
0.0041062 BTC
0.00410603 BTC


On a normal pool it looks like this:

2014-01-20 12:08:01
0.04748497 BTC

2014-01-21 12:53:48
0.043208 BTC

2014-01-22 18:32:54
0.04321408 BTC

So..



You MUST be vigilant with P2Pool, you aren't going to see the real profit from it until you have run it for at least 30 days.

Note, this is from the following post: https://bitcointalk.org/index.php?topic=153232.0

Patience

If you are beginning on P2Pool you should expect irregular payments which can be frustrating. P2Pool is attracting more and more hashrate (from a low 200GH/s in March 2013 to a high 1.4TH/s in July 2013) but its variance is still somewhat high.

First you should be prepared to mine for a couple of days to check that your configuration is good enough (study the efficiency value displayed by your node's main page). If your efficiency is near or above 100%, you can expect more income on P2Pool than in most traditional pools. The only question for you is how long you are willing to wait for variance becoming negligible. On P2Pool with the current hashrate, you should expect to be in the 80-120% luck range in a couple of weeks. I've never seen P2Pool get <80% luck during more than a month. In 6 months I've seen both near 120% luck in a month and near 80% luck in another. As I wrote elsewhere: add your hashrate by joining us and variance will go down!

Note: P2Pool's payment method is PPLNS, with its current configuration you have to wait approximately 72 hours (on Bitcoin, this changes with other coins) to get the first "full" payments. These payments are mined coins (unlike most other pools), they are usable after 120 confirmations not 6 (but you get them as soon as the block is found which makes them usable as quickly as most other pools).

Over half a year ive been mining on p2pool....

See the numbers, with 120Gh i get more from other pools thats it.

What ever you say, it doesnt change the fact. Numbers wont lie.

500 Gh is the min gear one should have to be able to use p2pool now. Then should have atleast 8 shares a day.

With 120Gh -> 0-3 shares a day, one orphan means 30-50% off.

If that is your idea of good pool for 120Gh - dont tell me.





smoothrunnings
Hero Member
*****
Offline Offline

Activity: 546


View Profile
January 24, 2014, 12:54:22 PM
 #7578

I wonder why theres not 5000 miners on p2pool, is it because of people cant do the math. Or is it because the difficulty rises every ~10 days and time is money?
Or what do you think the reason might be?

Put that way, the answer has to be that people can't do math.

Difficulty rising will reduce your earnings no matter how you mine. Unless of course you upgrade, which is what a lot of people end up doing (otherwise you won't me a miner for long), in which case again you are looking at a long term proposition to smooth out short term fluctuations in your earnings.



Oh no, I realised that im getting allmost nothing on p2pool with 120gh nowdays - so I swiched to another pool, and now I can expect ~0.10 / 3 days.

p2pool earnings with 120gh - its easy to notice that I was loosing day by day - little but still loosing

2014-01-19 17:13:20
0.00477012 BTC

2014-01-18 23:41:08
0.00479305 BTC
0.00477196 BTC

2014-01-17 06:18:47
0.01245325 BTC

2014-01-16 12:55:33
0.02006893 BTC

2014-01-15 11:45:28
0.01547546 BTC
0.0154557 BTC
0.01545295 BTC

2014-01-14 19:14:27
0.0041062 BTC
0.00410603 BTC


On a normal pool it looks like this:

2014-01-20 12:08:01
0.04748497 BTC

2014-01-21 12:53:48
0.043208 BTC

2014-01-22 18:32:54
0.04321408 BTC

So..



You MUST be vigilant with P2Pool, you aren't going to see the real profit from it until you have run it for at least 30 days.

Note, this is from the following post: https://bitcointalk.org/index.php?topic=153232.0

Patience

If you are beginning on P2Pool you should expect irregular payments which can be frustrating. P2Pool is attracting more and more hashrate (from a low 200GH/s in March 2013 to a high 1.4TH/s in July 2013) but its variance is still somewhat high.

First you should be prepared to mine for a couple of days to check that your configuration is good enough (study the efficiency value displayed by your node's main page). If your efficiency is near or above 100%, you can expect more income on P2Pool than in most traditional pools. The only question for you is how long you are willing to wait for variance becoming negligible. On P2Pool with the current hashrate, you should expect to be in the 80-120% luck range in a couple of weeks. I've never seen P2Pool get <80% luck during more than a month. In 6 months I've seen both near 120% luck in a month and near 80% luck in another. As I wrote elsewhere: add your hashrate by joining us and variance will go down!

Note: P2Pool's payment method is PPLNS, with its current configuration you have to wait approximately 72 hours (on Bitcoin, this changes with other coins) to get the first "full" payments. These payments are mined coins (unlike most other pools), they are usable after 120 confirmations not 6 (but you get them as soon as the block is found which makes them usable as quickly as most other pools).

Over half a year ive been mining on p2pool....

See the numbers, with 120Gh i get more from other pools thats it.

What ever you say, it doesnt change the fact. Numbers wont lie.

500 Gh is the min gear one should have to be able to use p2pool now. Then should have atleast 8 shares a day.

With 120Gh -> 0-3 shares a day, one orphan means 30-50% off.

If that is your idea of good pool for 120Gh - dont tell me.


Did you even look at my pool? No you didn't so please shut up! Thank you!

I have also been mining with the same gear for about 8 months now so I have made more than my money back in just mining alone. With the new gear I bought I will very likely make more than my money back on that too. I can understand if you are just getting into Bitcoin yourself, great, but us old timers don't care as much. Smiley

smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
January 24, 2014, 12:54:31 PM
 #7579

With 120Gh -> 0-3 shares a day, one orphan means 30-50% off.

No, it really doesn't. Everyone on p2pool has orphans. That's the nature of a block chain with a 30 second target, and is unavoidable. The p2pool shares are just used to divide up the bitcoins (as with other pools). As long as your orphan rate isn't higher than others', you get your fair share of the bitcoins.

Yes there is variance. You might get an orphan, which makes your earnings go down in the short run. But others are also constantly getting orphans, which makes your earnings go up.  With a little patiences it balances out and ends up in your favor.

If you want immediate gratification, yes go ahead look elsewhere. If you want better returns over time, stay with p2pool.


smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
January 24, 2014, 12:57:53 PM
 #7580

I am not sure where you get 23$ a day from?

I just punched 100 GH into a mining calculator to get a sense of the magnitude of current mining earnings for that hash rate. Obviously this fluctuates all the time with exchange rate (and to being with depends on which exchange rate you use, etc.), so just treat it as an approximate number.

Pages: « 1 ... 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 [379] 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 ... 744 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!