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bhanu545
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April 13, 2015, 03:56:02 PM |
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P2pool is seeing the worst luck in last 3 months.
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Geremia
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April 13, 2015, 05:14:59 PM |
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P2pool is seeing the worst luck in last 3 months. That shouldn't matter so much in the long. Most p2pool users are in it for the long haul, no? |
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jonnybravo0311
Legendary
 Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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April 13, 2015, 05:15:28 PM |
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Because nobody maintains it. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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Geremia
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April 13, 2015, 06:22:54 PM |
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Because nobody maintains it. What sort of maintenence does it take? And is the source for it on GitHub? |
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lightfoot
Legendary
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Activity: 3080
Merit: 2228
I fix broken miners. And make holes in teeth :-)
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April 13, 2015, 09:09:52 PM |
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P2pool is seeing the worst luck in last 3 months.
This after blocks appeared upon us like showers of gold. |
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jonnybravo0311
Legendary
Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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April 13, 2015, 09:25:59 PM |
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Because nobody maintains it. What sort of maintenence does it take? And is the source for it on GitHub? Apparently too much for the current owner to bother keeping it up to date. You want good stats? Check out windpath's site: minefast.coincidence.com |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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Geremia
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April 13, 2015, 09:55:52 PM |
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Fresh-mined coins for payouts were innovated by pools in the following order: puddinpop, Eligius, BitPenny, p2pool. This would seem to make all these pools equally immune to potential pool manager fraud, then, no? Does P2Pool have any advantage, security-wise, over the others mentioned here? |
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jonnybravo0311
Legendary
Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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April 13, 2015, 10:09:25 PM |
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Fresh-mined coins for payouts were innovated by pools in the following order: puddinpop, Eligius, BitPenny, p2pool. This would seem to make all these pools equally immune to potential pool manager fraud, then, no? Does P2Pool have any advantage, security-wise, over the others mentioned here? P2Pool has the best chance of avoiding fraud because of its decentralized nature. Sure a node operator could charge ridiculous fees on his own node, but nobody would mine there. Centralized pools could easily skim off the top. Generate a percentage of coins to your own address. Would the average miner know if he's missing a small portion of a payout? He'd probably explain it away as bad pool luck. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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kano
Legendary
Offline
Activity: 4466
Merit: 1798
Linux since 1997 RedHat 4
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April 13, 2015, 10:35:23 PM |
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Fresh-mined coins for payouts were innovated by pools in the following order: puddinpop, Eligius, BitPenny, p2pool. This would seem to make all these pools equally immune to potential pool manager fraud, then, no? Does P2Pool have any advantage, security-wise, over the others mentioned here? P2Pool is the only one that has any immunity coz the breakdown of the payout is distributed to all nodes and all nodes must mine to a correct breakdown or their shares will not be included in the share chain. The others can do whatever they like to the coinbase payout just as any other pool can with their payout scheme. |
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Geremia
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April 13, 2015, 10:38:13 PM |
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Fresh-mined coins for payouts were innovated by pools in the following order: puddinpop, Eligius, BitPenny, p2pool. This would seem to make all these pools equally immune to potential pool manager fraud, then, no? Does P2Pool have any advantage, security-wise, over the others mentioned here? P2Pool has the best chance of avoiding fraud because of its decentralized nature. Sure a node operator could charge ridiculous fees on his own node, but nobody would mine there. Centralized pools could easily skim off the top. Generate a percentage of coins to your own address. Would the average miner know if he's missing a small portion of a payout? He'd probably explain it away as bad pool luck. indeed thus P2Pool passes my inspection.  |
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kano
Legendary
Offline
Activity: 4466
Merit: 1798
Linux since 1997 RedHat 4
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April 13, 2015, 10:45:36 PM |
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Fresh-mined coins for payouts were innovated by pools in the following order: puddinpop, Eligius, BitPenny, p2pool. This would seem to make all these pools equally immune to potential pool manager fraud, then, no? Does P2Pool have any advantage, security-wise, over the others mentioned here? P2Pool has the best chance of avoiding fraud because of its decentralized nature. Sure a node operator could charge ridiculous fees on his own node, but nobody would mine there. Centralized pools could easily skim off the top. Generate a percentage of coins to your own address. Would the average miner know if he's missing a small portion of a payout? He'd probably explain it away as bad pool luck. indeed thus P2Pool passes my inspection. As long as you are OK with the inherent issues with how p2pool works |
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Geremia
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April 14, 2015, 02:47:52 AM |
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As long as you are OK with the inherent issues with how p2pool works What issue?… |
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jonnybravo0311
Legendary
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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April 14, 2015, 04:10:22 AM |
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As long as you are OK with the inherent issues with how p2pool works What issue?… In a nutshell p2pool doesn't scale. Unlike the centralized pool model where the higher the hash rate of the pool the lower the variance for the miner, here because of the share chain concept the higher the hash rate the greater the variance experienced by miners. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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nonnakip
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April 14, 2015, 07:54:14 AM |
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In a nutshell p2pool doesn't scale. Unlike the centralized pool model where the higher the hash rate of the pool the lower the variance for the miner, here because of the share chain concept the higher the hash rate the greater the variance experienced by miners.
However it is a double edge sword. If P2Pool hashrate is too low then blocks are solved too slow and miner shares drop off the share chain. In my opinion this is much worse than higher variance because it means wasted energy and money. And in my opinion unfair. P2Pool should have as high hashrate as we can give it. If your miner is too weak to generate shares regularly then you should either join a trusted P2Pool subpool or start your own P2Pool subpool. |
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windpath
Legendary
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Activity: 1258
Merit: 1027
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April 14, 2015, 01:25:13 PM |
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However it is a double edge sword. If P2Pool hashrate is too low then blocks are solved too slow and miner shares drop off the share chain. In my opinion this is much worse than higher variance because it means wasted energy and money. And in my opinion unfair.
P2Pool should have as high hashrate as we can give it. If your miner is too weak to generate shares regularly then you should either join a trusted P2Pool subpool or start your own P2Pool subpool.
Well said. |
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bhanu545
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April 14, 2015, 04:02:02 PM |
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In a nutshell p2pool doesn't scale. Unlike the centralized pool model where the higher the hash rate of the pool the lower the variance for the miner, here because of the share chain concept the higher the hash rate the greater the variance experienced by miners.
However it is a double edge sword. If P2Pool hashrate is too low then blocks are solved too slow and miner shares drop off the share chain. In my opinion this is much worse than higher variance because it means wasted energy and money. And in my opinion unfair. P2Pool should have as high hashrate as we can give it. If your miner is too weak to generate shares regularly then you should either join a trusted P2Pool subpool or start your own P2Pool subpool. Exactly bro, without high hashrate in p2pool, people loose earned shares due to blocks being solved too slow. Atleast a 4-5PH minimum hashrate would make p2pool better i guess. Ya ofcourse finding a share will become a little more harder but payouts will be stable atleast. With a average 1PH now, its nothing compared to other pools. |
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jonnybravo0311
Legendary
Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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April 14, 2015, 04:10:03 PM |
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In a nutshell p2pool doesn't scale. Unlike the centralized pool model where the higher the hash rate of the pool the lower the variance for the miner, here because of the share chain concept the higher the hash rate the greater the variance experienced by miners.
However it is a double edge sword. If P2Pool hashrate is too low then blocks are solved too slow and miner shares drop off the share chain. In my opinion this is much worse than higher variance because it means wasted energy and money. And in my opinion unfair. P2Pool should have as high hashrate as we can give it. If your miner is too weak to generate shares regularly then you should either join a trusted P2Pool subpool or start your own P2Pool subpool. I fully agree. I gave only one of the sword's edges in explaining the higher variance. You provided the other edge. Miners feel it both ways... hash rate too low and you've got shares dropping off the chain before they're paid. Hash rate too high and you've got blocks found where you've got no shares to be paid. Your solution mitigates this by creating the sub-pool. Yes, a miner sacrifices some of the decentralized freedom using this model; however, it gives miners a less variant payout. To date it's the best solution that's been provided to the problem. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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Geremia
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April 14, 2015, 05:31:56 PM |
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shares dropping off the chain before they're paid What do you mean? |
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