[POLL] Why don't you mine in p2pool?

[baloo_kiev]

What other reasons are possible? I can't understand why the pool makes only less than percent of total network hashrate!

[1714738484]

1714738484

[1714738484]

1714738484

[1714738484]

1714738484

[Matthew N. Wright]

Chicken / egg

[os2sam]

What other reasons are possible?

1.  Don't want to.
2.  Don't want a bag of pennies.

[-ck]

Don't forget "unsuitable hardware"

[baloo_kiev]

What other reasons are possible?

1.  Don't want to.
2.  Don't want a bag of pennies.

2. In most cases they can be joined for no fee. It will take a couple of days though.

[baloo_kiev]

Don't forget "unsuitable hardware"

I think there are not so many BFL owners here... yet

[-ck]

Don't forget "unsuitable hardware"

I think there are not so many BFL owners here... yet

Maybe not, but the biggest hashrate hardware from BFL and Avalon are currently unsuitable so even if it's not a lot of people, it's a lot of hashrate.

[baloo_kiev]

Don't forget "unsuitable hardware"

I think there are not so many BFL owners here... yet

Maybe not, but the biggest hashrate hardware from BFL and Avalon are currently unsuitable so even if it's not a lot of people, it's a lot of hashrate.

BFL ASICs are 10 TH at most, Avalon are about 40 now. Not too much.

[-ck]

Don't forget "unsuitable hardware"

I think there are not so many BFL owners here... yet

Maybe not, but the biggest hashrate hardware from BFL and Avalon are currently unsuitable so even if it's not a lot of people, it's a lot of hashrate.

BFL ASICs are 10 TH at most, Avalon are about 40 now. Not too much.

...compared to p2pool though?

I have 80GH of ASICs which is more than 10% of p2pool atm. One minirig (which I don't have) is more than half the size of p2pool.

[yxxyun]

mine 3 days but no block found.....

[baloo_kiev]

Don't forget "unsuitable hardware"

I think there are not so many BFL owners here... yet

Maybe not, but the biggest hashrate hardware from BFL and Avalon are currently unsuitable so even if it's not a lot of people, it's a lot of hashrate.

BFL ASICs are 10 TH at most, Avalon are about 40 now. Not too much.

...compared to p2pool though?

I have 80GH of ASICs which is more than 10% of p2pool atm. One minirig (which I don't have) is more than half the size of p2pool.

I mean if you subtract it from total hashrate, you get about 100TH non-BFL/Avalon devices, which is still more than 100 times higher than p2pool hashrate! Also, unsuitable hardware is the only principal restriction that cannot be overcome. It's essential that these devices don't mine in p2pool. But I am rather curious what makes the rest 100TH mine in centralised pools.

[baloo_kiev]

Bump. Need more stats, please vote!

[2weiX]

I simply don't know how to connect my RaspPi with Erupters and several BFLs to it without having a compsci degree.

[baloo_kiev]

I simply don't know how to connect my RaspPi with Erupters and several BFLs to it without having a compsci degree.

You can go here http://p2pool.hostv.pl/ or here http://p2pool-nodes.info/ , choose a node with best latency/fee/efficiency combination and mine on it just like you mine in a centralised pool! This is still much better for network health than mining on major pools causing monopolisation and centralisation of Bitcoin.

[notme]

mine 3 days but no block found.....

Mine one day, 5 blocks found.... It's called variance.

Where is the "I do mine on p2pool" option?

[grue]

Other: the need to run a node. It eats up bandwidth and cpu power. Plus you need high bandwidth and good connectivity to get low stales/DOA. Sure, you can use a p2pool node, but they're not as "trusted" as most pools.

[baloo_kiev]

mine 3 days but no block found.....

Mine one day, 5 blocks found.... It's called variance.

Where is the "I do mine on p2pool" option?

Again, from my point of view it's essential to mine in p2pool. Not only because of zero fee and transaction fees, but also because it keeps BTC network decentralised.
So I'd like to know what stops pepole from mining in it.

Other: the need to run a node. It eats up bandwidth and cpu power. Plus you need high bandwidth and good connectivity to get low stales/DOA. Sure, you can use a p2pool node, but they're not as "trusted" as most pools.

No pool was trusted from launch just "by default". Maybe you should select yourself a low latency node here http://p2pool.hostv.pl/ and give it a try! Also, there are some nodes which have been here for quite long time like p2pool.org and others.

My hashrate is low so I would have many insignificant transactions.

Those "microinputs" were a problem for me until I realised that they can be easily joined for free. You can merge up to 6 inputs to 1 output in a less-than-kilobyte transaction, which can be included in a block with zero fee. There's also a condition of minimum output value of 0.1 BTC for free transactions, but you can take one more-than-0.1 input plus 5 microinputs from p2pool and join them in a free transaction. That can be done easily by a 20-line script using raw transaction API.


BTW, great news for BFL/Avalon ASIC miners! forrestv announced p2pool update switching to 1 share per 30 seconds (instead of current 10), which will reduce DOA rate for high-latency devices. https://bitcointalk.org/index.php?topic=18313.msg2562076#msg2562076

[grue]

No pool was trusted from launch just "by default". Maybe you should select yourself a low latency node here http://p2pool.hostv.pl/ and give it a try! Also, there are some nodes which have been here for quite long time like p2pool.org and others.

The main fear I have is a malicious node operator skimming shares. It would be very hard to detect because the node could just say the share was "stale", and take it for himself. This can be done with traditional pools too, but even the smallest pools are magnitudes larger than p2pool nodes.

[baloo_kiev]

No pool was trusted from launch just "by default". Maybe you should select yourself a low latency node here http://p2pool.hostv.pl/ and give it a try! Also, there are some nodes which have been here for quite long time like p2pool.org and others.

The main fear I have is a malicious node operator skimming shares. It would be very hard to detect because the node could just say the share was "stale", and take it for himself. This can be done with traditional pools too, but even the smallest pools are magnitudes larger than p2pool nodes.

Unlike with traditional pools, this can be easily verified. A stale share is actually a share which was propagated but then orphaned by another share. This means one can easily find it in some other node's share explorer, see that is was really orphaned, and most importantly, chek that its payout address is actually miner's not node's! See, once a share is found by a miner, it contains his address as payout and can't be "taken for himself" by the node. It's just like you can't "take for yourself" reward from a Bitcoin block mined by someone else!

[AvenG]

security issues..

don't forget DoS attacks