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

[Meuh6879]

am very aware of it's potential benefits, but unless software is kept updated, is constantly developed and issues ironed out - it will become obsolete, as has happened with p2pool.

block is power.
P2Pool is 1,5PH/s.
Bitcoin network is 351 PH/s.

nothing to update here ... P2Pool block every 3-4 days.  no ?

[IYFTech]

No.

[yslyung]

and a block !

[jedimstr]

and two... so while a bunch of you guys jumped off and my shares have gone up, I picked a very good day to rent some hash power.

I think, the old girl has some spunk in her left...

[windpath]

and two... so while a bunch of you guys jumped off and my shares have gone up, I picked a very good day to rent some hash power.

I think, the old girl has some spunk in her left...

+1 The pool is compensating as designed, fewer blocks, higher payout...

[Chupacabras]

Can't see why one would bail: Luck is luck, if the pool has some time without blocks there will be time with blocks. This is the same for Slush, Eclipse, Eligius, BTC50, and whatever other pool you decide to use. It's basic statistics, you will not get a better deal anywhere else because there *is* no better deal.

There are however worse deals :-)

P2Pool is distributed, with no central place that a govt can choke. That's why I like it and why I'll stick with it as is.

Mine on!

[yslyung]

come join my pool if you're in asia http://captminerp2pool.ddns.net:9332/static/ ... go go go back to the glory days while we hunt for a fix

it's growing to 2PH/s

[IYFTech]

This demonstrates the scalability problem perfectly, hash rate drops & blocks are found, hash rate rises & blocks go scarce again. The higher the network hash rate gets, the worse the problem becomes apparent. This is one of the reasons why p2pool will never grow beyond a certain size until the scalability issue is fixed. It's a crying shame & I still miss it, but as others have said, it's simply pointless throwing more hash at p2pool until a fix is found that cures the scalability & variance issues.

I hope it happens soon 

[kano]

and two... so while a bunch of you guys jumped off and my shares have gone up, I picked a very good day to rent some hash power.

I think, the old girl has some spunk in her left...

+1 The pool is compensating as designed, fewer blocks, higher payout...

That's PPLNS (and Prop) that causes that

[jonnybravo0311]

Oh p2pool is a nasty mistress... Rent a bunch of hash and no blocks for 8 days... All shares fall off the chain... Find 2 blocks.

[lightfoot]

I remember saying something about luck doesn't exist. But maybe it came out HURRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

[windpath]

Oh p2pool is a nasty mistress... Rent a bunch of hash and no blocks for 8 days... All shares fall off the chain... Find 2 blocks.

Bummer buddy, I've had in the past some streaks where my payout would be 2x of what was expected, only to find the next block just as it dropped to 0.5x, it does work both ways though

[yslyung]

more hashes showing up, looking fwd to good streaks again.

[squidicuz]

This demonstrates the scalability problem perfectly, hash rate drops & blocks are found, hash rate rises & blocks go scarce again. The higher the network hash rate gets, the worse the problem becomes apparent. This is one of the reasons why p2pool will never grow beyond a certain size until the scalability issue is fixed. It's a crying shame & I still miss it, but as others have said, it's simply pointless throwing more hash at p2pool until a fix is found that cures the scalability & variance issues.

I hope it happens soon 

Why does that happen? Why with higher hash rate are blocks more scarce? Is that actually what is happening or does it just seem that way?  How would we fix such an issue?

[kano]

This demonstrates the scalability problem perfectly, hash rate drops & blocks are found, hash rate rises & blocks go scarce again. The higher the network hash rate gets, the worse the problem becomes apparent. This is one of the reasons why p2pool will never grow beyond a certain size until the scalability issue is fixed. It's a crying shame & I still miss it, but as others have said, it's simply pointless throwing more hash at p2pool until a fix is found that cures the scalability & variance issues.

I hope it happens soon  

Why does that happen? Why with higher hash rate are blocks more scarce? Is that actually what is happening or does it just seem that way?  How would we fix such an issue?

It's called Cognitive Distortion

Finding actual blocks are sent out by everyone who finds them even if p2pool rejects them.
So from a solo mining POV the blocks get sent out anyway.

The issues here are related to variance and performance for the share-chain and the bias it gives to larger miners and the problems with mining as a smaller miner.

Edit: though I will add ... defining the luck based on share-chain shares/hash rate makes it better than it really is since the pool by design loses almost 10% of them rather than like a typical pool that loses 1/20 to 1/50 of that (most 0.2% to 0.5%)

[Songminer]

Just my mind dump:

In my mind, p2pool needs to see a block every two - three days to stay alive...  Beyond three days work is completely discarded.

I'm a noob, but correct me if I'm wrong.   There's a finite number of blocks discovered, and if P2Pool doesn't have the hash they will be solved by other pools... so "luck" is disproportionately lost as the hash goes down. 

Slush is running at 10-11PH, and yesterday with over 200% luck it found 8 blocks.  100% means 4 blocks a day at 10 PH/s.

so if we're running at 2.5PH/s at 100% luck.. 1 per day might be expected by may not be realistic as larger pools could steal them away before they are solved, no?

Watching rented hash or home grown hash fall off the share list after 3 days is a deal killer.   P2Pool will not continue to retain hash if multiple 4 & 5 day intervals occur on a regular basis.

Seems like P2Pool needs 2-3PH/s minimum  to be viable with the current software state and difficulty.

When I log in and see 1-1.5PH/s I think the 7 day delays are going to continue popping up.

Can someone tell me if my thinking is screwed up?

[IYFTech]

It's called Cognitive Distortion

    Great description 

[yslyung]

2 in a row, good luck streak is back ?

if you think it's coming back then do join my pool *click on sig below*

[PatMan]

Just translating p2pool as it exists into C, C++, C#, Objective C, Swift, Java, Perl, Lisp, whatever, is not going to suddenly bring the mining masses here.  I know a number of us have listed out the problems previously, and a number of us have had discussions on potential solutions to those problems; however, nobody has been able to successfully crack the nut.  Maybe the problem is that we're all trying to solve p2pool's problems while keeping ourselves in the context of the existing structure.  Let's try another approach.  Forget p2pool even exists.

We as a community want a new pool to be created.  Here is a list of high-level bullet points we would want to have in our new pool:

• Decentralized
• Easy to use
• Performant
• Scalable
• Inclusive

Please feel free to add to these points and/or provide more details/solutions.

This is exactly what I'm suggesting JB - a complete re-write. But in order to achieve this I think we should do the donation bounty option from within the current p2pool structure, as it's (I think) an excellent way of raising awareness in the community as well as raising funds, while the amount of work involved in making the changes are minimal & simple.

Nothing happening with this then I presume? 

Stagnation is a killer.

[aurel57]

2 in a row, good luck streak is back ?

if you think it's coming back then do join my pool *click on sig below*

Looks like 3 blocks ....wish that had happened when I had rented rigs a couple weeks ago.