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

[OgNasty]

Yes, it just sucks if it takes you a long time to submit an accepted share and then your work falls off the chain and you never receive anything.

  do the maths :

receive nothing ... and big on P2Pool.
receive a little every days ... on others pools.

result = same reward after 3 months.

That isn't true for smaller miners who lose their only submitted work on the chain in a rising difficulty environment.  I have no desire to make the argument any further though.

[windpath]

Yes, it just sucks if it takes you a long time to submit an accepted share and then your work falls off the chain and you never receive anything.

  do the maths :

receive nothing ... and big on P2Pool.
receive a little every days ... on others pools.

result = same reward after 3 months.

many mining owners ... don't wait and want money now.

Over a great enough period of time this is true, but your right people are impatient. P2Pool takes some patience.

One thing I'll point out is that it has been shown that it does not = the same reward after 3 months.

There are 3 reasons for this:

• P2Pool creates it's own P2P network which facilitates excellent block relay when we find one, this is why we have fewer orphans then any other pool
• They have become much less frequent, but some folks still do donate to P2Pool miners occasionally, adding to the bottom line (HunterBunter's web-based donation page unfortunatly went offline, I'll be adding one to CoinCadence in the near future)
• P2Pool is highly DoS-resistant as long as you configure backup nodes. In situations where other pools are attacked and go offline P2Pool mines on

semaster ran a benchmark test between P2Pool, Eligius, and BTC Guild, it seems to have ended in November 2014, but the results are still there:

Total from 1 Feb 2014: p2pool - BTC16.9718 VS btcguild (PPLNS) - BTC16.0933 VS Eligius BTC15.8041

https://bitcointalk.org/index.php?topic=416933.0

[-ck]

Yes, it just sucks if it takes you a long time to submit an accepted share and then your work falls off the chain and you never receive anything.

  do the maths :

receive nothing ... and big on P2Pool.
receive a little every days ... on others pools.

result = same reward after 3 months.

many mining owners ... don't wait and want money now.

When diff is rising... this is wrong. If you have a bad luck period on a small pool and diff is rising, you will never make it back. On the other hand the opposite is also true, if you have a good luck period when diff is rising, you will be ahead forever. And no, it does NOT work out in the end as luck is never guaranteed to average you out with changing diff.

[organofcorti]

Yes, it just sucks if it takes you a long time to submit an accepted share and then your work falls off the chain and you never receive anything.

  do the maths :

receive nothing ... and big on P2Pool.
receive a little every days ... on others pools.

result = same reward after 3 months.

many mining owners ... don't wait and want money now.

When diff is rising... this is wrong. If you have a bad luck period on a small pool and diff is rising, you will never make it back. On the other hand the opposite is also true, if you have a good luck period when diff is rising, you will be ahead forever. And no, it does NOT work out in the end as luck is never guaranteed to average you out with changing diff.

The part is italicked is true except the "forever" part -  if difficulty drops *after* it rises (or vice versa) you could end up closer to expected.

[-ck]

Yes, it just sucks if it takes you a long time to submit an accepted share and then your work falls off the chain and you never receive anything.

  do the maths :

receive nothing ... and big on P2Pool.
receive a little every days ... on others pools.

result = same reward after 3 months.

many mining owners ... don't wait and want money now.

When diff is rising... this is wrong. If you have a bad luck period on a small pool and diff is rising, you will never make it back. On the other hand the opposite is also true, if you have a good luck period when diff is rising, you will be ahead forever. And no, it does NOT work out in the end as luck is never guaranteed to average you out with changing diff.

The part is italicked is true except the "forever" part -  if difficulty drops *after* it rises (or vice versa) you could end up closer to expected.

True enough, though diff drops have a history of happening only extremely rarely and never to fully drop to pre-rise levels... Next one due will be after the next halving, and it has so far still on average kept going up. So unless the value of btc crashes, I can only see the overall trend being upwards.

[organofcorti]

Yes, it just sucks if it takes you a long time to submit an accepted share and then your work falls off the chain and you never receive anything.

  do the maths :

receive nothing ... and big on P2Pool.
receive a little every days ... on others pools.

result = same reward after 3 months.

many mining owners ... don't wait and want money now.

When diff is rising... this is wrong. If you have a bad luck period on a small pool and diff is rising, you will never make it back. On the other hand the opposite is also true, if you have a good luck period when diff is rising, you will be ahead forever. And no, it does NOT work out in the end as luck is never guaranteed to average you out with changing diff.

The part is italicked is true except the "forever" part -  if difficulty drops *after* it rises (or vice versa) you could end up closer to expected.

True enough, though diff drops have a history of happening only extremely rarely and never to fully drop to pre-rise levels... Next one due will be after the next halving, and it has so far still on average kept going up. So unless the value of btc crashes, I can only see the overall trend being upwards.

Quite so. Recovery of income during a long period of continuous increase in difficulty is extremely unlikely.

Sometimes though if difficulty has essentially plateaued it will still pop up and down by up to 4% percent ( due to variance ) and so any loss in one cycle could be recovered in the next.

I know you didn't mean this, but I'm persnickety enough to not be able to stop myself from correcting it

[nicklello]

.

CK, slightly off-topic; but is your recently added 'Node' mode in CKPool partway to a new implementation of the P2Pool sharechain ?

[-ck]

.

CK, slightly off-topic; but is your recently added 'Node' mode in CKPool partway to a new implementation of the P2Pool sharechain ?

Exactly the opposite. It makes a centralised pool work across many different locations. Sorry, I don't do any p2pool development.

[wariner]

As far as the service goes, we're not going anywhere, bitcoind crashed, needed to be restarted, that was all.

To remedy this problem on my nodes use "monit", you can easily set up with (It is an example):

Code:

check process bitcoind
	matching "bitcoind"
  start program "/usr/bin/bitcoind -datadir=/root/.bitcoin -daemon"
  stop program "/root/killbit.sh"
  if failed port 8332 for 5 cycles then restart

killbit.sh

Code:

#!/bin/sh 
sudo sh -c "killall -9 bitcoind"

I hope can help 

[dog1965]

p2pool not worth it better off using Chinese pools. I set up a node and only made $60.00 usd using my own miners in 8 days I make $80 usd on nicehash and don't have to dedicate my pc which runs at 4.87 GHZ. so you tell me which is better ?

[wariner]

unlucky last period.... 8 days they are very few for a test

[dog1965]

unlucky last period.... 8 days they are very few for a test

yes but that is 8 days I lost $80 bucks only to make back $60.00 A $20.00 profit and with this difficulty going way up I don't think sharechain will hit a block with 1.42 PH/s I gussing it will take 2 weeks if your lucky to hit one !

I was only mining on my own pool with my miners which only gave me $60.00 now I have to wait two weeks or better to make $60.00 = noway !

nicehash I make $10.00 per day times that by 14 days that's $140.00 USD you tell me whats belter ?

just curious though do I need other people mining on me pool to increase that $60.00 amount or does it grow if I leave it run for a long time with my miners ?  I know its a noob question but I am new at it.

 

[wariner]

it is statistic.

to equal luck with 15 days between "chinese pool" and p2pool you would receive:

chinese pool: 15 payments from 0.1 = total 1.5btc
p2pool: 1 payment from 1.5 = total 1.5btc

Obviously that is indicative, but there may be very lucky moments and gain a lot or very unlucky..

Finally, there are alternatives pool very well managed to use instead of "chinese pool", for example slush, ckpool, kano.is...ecc.. if you really do not want to help bitcoin with p2pool at least not throw hash on pool who hold too much power (this for the safety of bitcoin) 

[dog1965]

it is statistic.

to equal luck with 15 days between "chinese pool" and p2pool you would receive:

chinese pool: 15 payments from 0.1 = total 1.5btc
p2pool: 1 payment from 1.5 = total 1.5btc

Obviously that is indicative, but there may be very lucky moments and gain a lot or very unlucky..

Finally, there are alternatives pool very well managed to use instead of "chinese pool", for example slush, ckpool, kano.is...ecc.. if you really do not want to help bitcoin with p2pool at least not throw hash on pool who hold too much power (this for the safety of bitcoin) 

whats the difference Did you take a good hard look at the global hash rate and the difficulty lately I think the fucking Chinese own 80 percent of it anyway. Ever talk to a china man they don't say good morning how do you feel the first words they say is lets make a deal !

[wariner]

mine is a discourse on the btc safety, and I'm sure that many Chinese also appreciate p2pool, only problem is low hash on this moment because many people like you think only of short term profit taking.

[dog1965]

mine is a discourse on the btc safety, and I'm sure that many Chinese also appreciate p2pool, only problem is low hash on this moment because many people like you think only of short term profit taking.

yea short term don't make me laugh. p2pool still has not hit a block yet wake up dude smell the coffee !   and the difficulty goin up another 20.67% again after it just went up 20.06% come on really dude take what you get before you are pushed out the door.   and your miners become paperweights oh I forgot you one of those rich dudes that can afford to leave your miners running and wait thirty years to hit I block. or make any kind of profit. I hate Chinese but what can I do. let a S7 become a paper weight after paying those prices and not make nothing but $60.00 bucks out of it. I am almost roi'd then I will try p2pool again.



 

[wariner]

looks the statistics http://minefast.coincadence.com/p2pool-stats.php

we had 1700% and 4900% of luck...and sure also 20% of bad luck...in all pools with low hash can happen...but I do not understand why you come here to advise people to use "chinese pool"?...

or maybe the answer is this:

I know its a noob question but I am new at it.

[p3yot33at3r]

I know its a noob question but I am new at it.

Trying to compare p2pool with any other pool after only 8 days is pointless & will only give you inaccurate & misleading information, hence your apparent confusion. In order to truly compare you should mine for a much longer period, then you will see the difference. P2pool is for people who understand & care about the future of Bitcoin & a decentralised network, so coming to this thread & telling miners to move to a different pool simply because you are impatient & don't understand the workings of p2pool won't work, you'd be better off spendinding your time reading up on the basics & digesting the facts.

If all you are after is a quick profit, quit mining & start buying/selling. The profit train left the mining station a long time ago.

[dog1965]

looks the statistics http://minefast.coincadence.com/p2pool-stats.php

we had 1700% and 4900% of luck...and sure also 20% of bad luck...in all pools with low hash can happen...but I do not understand why you come here to advise people to use "chinese pool"?...

or maybe the answer is this:

I know its a noob question but I am new at it.

exactly you HAD BUT YOU DONT ANYMORE. The profit train left the mining station a long time ago and so did P2POOL.

I guess you like your miners to become paper weights and wait 30 years to see any kind of income lol.   Bitcoin is crashing wake up smell the coffee take what you can get. once my miners become useless then I will mine on p2pool. Don't get me wrong I love the concept but its just dead. You really think you are going to hit a block you guys still have not since 2-01-2016 and with the DIFF going up more wake up !

p2pool is the same as solo mining. use nicehash.

[wariner]

use nicehash.

bye