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

[nreal]

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.

[1713911786]

1713911786

[smoothrunnings]

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.

[smooth]

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]

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.

[nreal]

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.

Sounds like youre washed your brain with this, open your eyes.

[CartmanSPC]

Would it be possible to suppress the "longpoll/stratum from pool request work restarts" from the miner console?

Miners don't see that on other pools and it confuses them.

[K1773R]

Would it be possible to suppress the "longpoll/stratum from pool request work restarts" from the miner console?

Miners don't see that on other pools and it confuses them.

you would have to change the miner, not the pool for this.
this also happens for other pools, but not that frequently. a p2pool share is generated each ~30 seconds, therefore you see it alot more than on BTC (~10 minutes).
there is nothing wrong with it, its just a notification.

[kjj]

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.

Sounds like youre washed your brain with this, open your eyes.

This topic is repeated every 10 pages or so.  Please go back and read about it over and over and over and over again.

You fail at math and reading.

[smoothrunnings]

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.

Sounds like youre washed your brain with this, open your eyes.

This topic is repeated every 10 pages or so.  Please go back and read about it over and over and over and over again.

You fail at math and reading.

Yeah finally someone I agree with!

[smoothrunnings]

Would it be possible to suppress the "longpoll/stratum from pool request work restarts" from the miner console?

Miners don't see that on other pools and it confuses them.

you would have to change the miner, not the pool for this.
this also happens for other pools, but not that frequently. a p2pool share is generated each ~30 seconds, therefore you see it alot more than on BTC (~10 minutes).
there is nothing wrong with it, its just a notification.

I am not sure if this refers to what CartmanSPC is saying but my Bfgminer sometimes gets stuck requesting work from my P2Pool which is on the same network to the point were the miners shutdown and I have to restart bfgminer again. When I hash against the other fee based miners this happens. I also notice this happening on my ASIC USB miners as well with P2Pool only.

[lenny_]

I am not sure if this refers to what CartmanSPC is saying but my Bfgminer sometimes gets stuck requesting work from my P2Pool which is on the same network to the point were the miners shutdown and I have to restart bfgminer again. When I hash against the other fee based miners this happens. I also notice this happening on my ASIC USB miners as well with P2Pool only.

There's nothing to do with p2pool. It's bfgminer bug, try different version. I myself using bfgminer 3.8.0 and it has been online mining 24/7 on p2pool for like 6 months.

[smoothrunnings]

I am not sure if this refers to what CartmanSPC is saying but my Bfgminer sometimes gets stuck requesting work from my P2Pool which is on the same network to the point were the miners shutdown and I have to restart bfgminer again. When I hash against the other fee based miners this happens. I also notice this happening on my ASIC USB miners as well with P2Pool only.

There's nothing to do with p2pool. It's bfgminer bug, try different version. I myself using bfgminer 3.8.0 and it has been online mining 24/7 on p2pool for like 6 months.

I don't believe Ice Fury's work on anything lower than 3.9.0 as there was no support them, 3.9.0 was just as buggy.

[lenny_]

I don't believe Ice Fury's work on anything lower than 3.9.0 as there was no support them, 3.9.0 was just as buggy.

I never had Ice Fury device in hand. If you bfgminer version is buggy, try different one...

[smoothrunnings]

Can you add more than 1 node to your P2Pool server, if so how to do add it? -n address:port address:port ?

[roy7]

Can you add more than 1 node to your P2Pool server, if so how to do add it? -n address:port address:port ?

I've not tried it, but I assume you can do -n multiple times.

-n address1:port1 -n address2:port2

[wolfskill]

Is it normal that I haven't found a share yet?



P2Pool BTC

Graphs

Version: 13.4

Pool rate: 189TH/s (15% DOA+orphan) Share difficulty: 896000

Node uptime: 3.7 days Peers: 7 out, 5 in

Local rate: 27.8GH/s (5.6% DOA) Expected time to share: 1.6 days

Shares: 0 total (0 orphaned, 0 dead) Efficiency:

Payout if a block were found NOW: 0 BTC to 14Jr6VHQGjQiwQoPJxm2FBYpmaVqLpTPy2. Expected after mining for 24 hours: 0.00367 BTC per block.

Current block value: 25.23617788 BTC Expected time to block: 13.8 hours

Share explorer

Best share: 35c1dd74

Verified heads: 07bb493f 35c1dd74 450631bd 8a764f0b d7953bcb

Heads: 07bb493f 35c1dd74 450631bd 8a764f0b d7953bcb

Verified tails: 54642d14

Tails: 54642d14

My shares:

Blocks found in last day:

Note that blocks may have been orphaned from the P2Pool chain and so not be here.

time   number   hash/explorer link   share
Sun Jan 26 2014 10:37:17 GMT-0500 (Eastern Standard Time)   282574   0000000000000001e35e0e3a0dfaa20419b1be361092b5f75e21e5fad0ebbe75   →
Payouts if a block were found NOW:

[smoothrunnings]

Is it normal that I haven't found a share yet?



P2Pool BTC

Graphs

Version: 13.4

Pool rate: 189TH/s (15% DOA+orphan) Share difficulty: 896000

Node uptime: 3.7 days Peers: 7 out, 5 in

Local rate: 27.8GH/s (5.6% DOA) Expected time to share: 1.6 days

Shares: 0 total (0 orphaned, 0 dead) Efficiency:

Payout if a block were found NOW: 0 BTC to 14Jr6VHQGjQiwQoPJxm2FBYpmaVqLpTPy2. Expected after mining for 24 hours: 0.00367 BTC per block.

Current block value: 25.23617788 BTC Expected time to block: 13.8 hours

Share explorer

Best share: 35c1dd74

Verified heads: 07bb493f 35c1dd74 450631bd 8a764f0b d7953bcb

Heads: 07bb493f 35c1dd74 450631bd 8a764f0b d7953bcb

Verified tails: 54642d14

Tails: 54642d14

My shares:

Blocks found in last day:

Note that blocks may have been orphaned from the P2Pool chain and so not be here.

time   number   hash/explorer link   share
Sun Jan 26 2014 10:37:17 GMT-0500 (Eastern Standard Time)   282574   0000000000000001e35e0e3a0dfaa20419b1be361092b5f75e21e5fad0ebbe75   →
Payouts if a block were found NOW:

How long have you been mining?

[smooth]

Local rate: 27.8GH/s (5.6% DOA) Expected time to share: 1.6 days

Anything up to 3-4 times the expected interval is pretty normal.

You will also get multiple shares in a day sometimes.

It averages out. 

This assumes of course that your miners are working correctly.

[wolfskill]

Mining for 3.7 days.

Is it normal that I haven't found a share yet?



P2Pool BTC

Graphs

Version: 13.4

Pool rate: 189TH/s (15% DOA+orphan) Share difficulty: 896000

Node uptime: 3.7 days Peers: 7 out, 5 in

Local rate: 27.8GH/s (5.6% DOA) Expected time to share: 1.6 days

Shares: 0 total (0 orphaned, 0 dead) Efficiency:

Payout if a block were found NOW: 0 BTC to 14Jr6VHQGjQiwQoPJxm2FBYpmaVqLpTPy2. Expected after mining for 24 hours: 0.00367 BTC per block.

Current block value: 25.23617788 BTC Expected time to block: 13.8 hours

Share explorer

Best share: 35c1dd74

Verified heads: 07bb493f 35c1dd74 450631bd 8a764f0b d7953bcb

Heads: 07bb493f 35c1dd74 450631bd 8a764f0b d7953bcb

Verified tails: 54642d14

Tails: 54642d14

My shares:

Blocks found in last day:

Note that blocks may have been orphaned from the P2Pool chain and so not be here.

time   number   hash/explorer link   share
Sun Jan 26 2014 10:37:17 GMT-0500 (Eastern Standard Time)   282574   0000000000000001e35e0e3a0dfaa20419b1be361092b5f75e21e5fad0ebbe75   →
Payouts if a block were found NOW:

How long have you been mining?

[ksenter]

Is it normal that I haven't found a share yet?



P2Pool BTC

Graphs

Version: 13.4

Pool rate: 189TH/s (15% DOA+orphan) Share difficulty: 896000

Node uptime: 3.7 days Peers: 7 out, 5 in

Local rate: 27.8GH/s (5.6% DOA) Expected time to share: 1.6 days

Shares: 0 total (0 orphaned, 0 dead) Efficiency:

Payout if a block were found NOW: 0 BTC to 14Jr6VHQGjQiwQoPJxm2FBYpmaVqLpTPy2. Expected after mining for 24 hours: 0.00367 BTC per block.

Current block value: 25.23617788 BTC Expected time to block: 13.8 hours

Share explorer

Best share: 35c1dd74

Verified heads: 07bb493f 35c1dd74 450631bd 8a764f0b d7953bcb

Heads: 07bb493f 35c1dd74 450631bd 8a764f0b d7953bcb

Verified tails: 54642d14

Tails: 54642d14

My shares:

Blocks found in last day:

Note that blocks may have been orphaned from the P2Pool chain and so not be here.

time   number   hash/explorer link   share
Sun Jan 26 2014 10:37:17 GMT-0500 (Eastern Standard Time)   282574   0000000000000001e35e0e3a0dfaa20419b1be361092b5f75e21e5fad0ebbe75   →
Payouts if a block were found NOW:

Yeah it sucks, but it's normal, based on my experience.  Occasionally you'll get multiple shares in a day though.  It seems to even out over time.