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Author Topic: Additional subsidy for P2Pool users: 1-3btc/day  (Read 27085 times)
Mike Hearn
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January 14, 2012, 05:17:07 PM
 #41

Another payment sent
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January 14, 2012, 06:45:06 PM
 #42

Just set up P2Pool last night. Used to be on BTCGuild and deepbit until their fees got too high, switched to Eligius briefly, but have some personal issues with the pool's operator, so decided to look into this thing. Honestly, the setup instructions for P2Pool make it look way more complicated than it really was. I was also using GUIMiner with Phoenix before, and had no idea how much easier (more automated) and better cgminer was. So, thanks. Extra incentives or not, this is definitely a better way to mine.

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January 14, 2012, 07:37:43 PM
 #43

Hmm... Looks like you have to be eligible for a minimum amount of BTC to show up on http://forre.st:9332/patron_sendmany?total=1.5.
I can only see my address(es, guess I should consolidate) if I up the total "donation" to at least ~12 BTC.

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January 14, 2012, 07:59:29 PM
 #44

This only applies to the additional subsidies. I assume it was because when dividing small amounts (like 1.5 Bitcoin) it creates very small amounts for the small miners, which can be troublesome to send (amounts less than the fee required to send them).

When the pool finds a block, you will receive your normal payment according to the work you've contributed. We've found several in the past day, so you should see some pending payouts.

Edit: Ha! I got a phone call while writing that, I see you found the answer before I finally posted.
Yeah, thanks for the info anyway. I can't believe I missed it when I read through that thread.

The pool found 3 blocks in my first ~10 hours of mining. A nice welcome indeed.

Money is power. If you would like to transfer some of your power to me (making yourself weaker and me stronger), use the following address: 1PoFSpghmpsebfwZwnu5PPmmv2u9uYgJKo
Cusipzzz
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January 15, 2012, 02:10:05 AM
 #45

Yet another contribution:

txn: aeee9aeb2a560b6ca4ec09495419b41558b9638465a18177059f7a61d49fc2da

gogo P2Pool

http://BTCSportsBet.com - The most complete bitcoin Sportsbook - All games from pro and college sports, Champions League, E-Sports, and reduced juice as well!
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January 15, 2012, 03:47:12 AM
 #46

As it stands any pool that has similar or less Hashpower than P2Pool has an incentive to join P2Pool as a supernode (perhaps even without informing its pool miners?) just on variance considerations alone ... plus that little extra from the donations.
I tried this briefly with mmpool to see how it would work. Unfortunately 10 second longpolls means every user of the mmpool would be constantly longpolling. Many would probably not get the longpoll message before another one went out. Without sending the longpoll to users (ie. trying to hide the fact that p2pool was being used) would result in a large number of stales.
Mike Hearn
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January 15, 2012, 12:12:06 PM
 #47

04b0a9f07be8fa2ec22971ab3e0bb161b87791883c912d826d739d3a8a5aff23
dani147624
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January 15, 2012, 07:56:02 PM
 #48

How do you determine who gets a part of these bitcoins? Is it random? Or should everyone mining in p2pool be receiving them? If the latter, it isn't working perfectly, as I haven't received any bitcoins except for the generation. My address: 13ueEyoJY6c3cQk8ZgaAxhw3MeNYdpP3Te

PGP fingerprint: B51F 8BF9 2AB7 9CD7 3B98 1B5D A5F1 C5AC 4B6E 3D35
Therilith
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January 15, 2012, 10:12:55 PM
 #49

04b0a9f07be8fa2ec22971ab3e0bb161b87791883c912d826d739d3a8a5aff23
I always shut off my miners mere hours before a big donation.  Roll Eyes

[greed]
I'm a bit confused though.

EDIT: Using the quoted donation as an example:
I'm not mining ATM. Haven't mined at all for the past 11 hours. I still show up on http://forre.st:9332/patron_sendmany?total=5 (note the 5, 1HLXuWY1JC6j6RD2c6BUFCGyeqFrTZ9qAG).
If I am eligible for part of a 5 BTC donation after 11 hours of not mining,
shouldn't I have been eligible for part of a 13 BTC donation after 1.5 hours of not mining?
[/greed]

Money is power. If you would like to transfer some of your power to me (making yourself weaker and me stronger), use the following address: 1PoFSpghmpsebfwZwnu5PPmmv2u9uYgJKo
Mike Hearn
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January 16, 2012, 11:19:07 AM
 #50

The 13 BTC was change, not a part of the donation. The donations are running at 2-3 BTC per day. If you don't do much mining you probably will never become eligible.
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January 16, 2012, 08:10:37 PM
 #51

The 13 BTC was change, not a part of the donation. The donations are running at 2-3 BTC per day. If you don't do much mining you probably will never become eligible.
Seems I'm making a habit of overlooking the painfully obvious.


Money is power. If you would like to transfer some of your power to me (making yourself weaker and me stronger), use the following address: 1PoFSpghmpsebfwZwnu5PPmmv2u9uYgJKo
westkybitcoins
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January 17, 2012, 05:27:56 AM
 #52

I'm going to do this as well, starting on Wednesday.
Do you have an address I can send some Instawallet leftovers to, for inclusion in your next "payout"?

Sure. Anyone who trusts me to redistribute the coins correctly can send to:

1KL2LBwHPpEAKKu7squ482T2tmWStaabFn

I'll put whatever arrives there into the next payout.

(edit: change address to keep others coins separate from my own)

My one-time contribution to the growth of p2pool:

tx: d1376a2b41a98cad308981afe133b0680f43bd20ac18395836d08a0341ffb035

A post when it's distributed would be great! Smiley

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
...
...
In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
...
...
ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
...
...
The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
Mike Hearn
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January 17, 2012, 11:19:12 AM
 #53

There we go:

http://blockchain.info/tx-index/14404129/4df64f4cd9a59d1f318ad912e97528730c3fa001fb73c035d8208decae6b9e2c

The TX looks weird (does not spend your output) because I'm using the accounts feature of bitcoind.

Taking total output and subtracting the change: 7.6095 - 5.60998331 = 1.99951669, which is 2 coins. I'm not entirely sure why it results in such a weird number, it's clearly had the 0.0005 min fee subtracted from it and that yielded some weird rounding problem. BitcoinD uses floats in its API (not a good choice), which is probably the reason.

I originally intended to whip up a bitcoinj based app for doing this, in order to keep the transactions clean, but I haven't added support for send-manys to it yet so it wasn't possible. Perhaps after the next release.

BTW I've also been distributing coins every day at 12:00 CET, I just didn't bother posting all the tx hashes. There's still money left to claim.
westkybitcoins
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January 17, 2012, 03:52:13 PM
 #54

Taking total output and subtracting the change: 7.6095 - 5.60998331 = 1.99951669, which is 2 coins. I'm not entirely sure why it results in such a weird number, it's clearly had the 0.0005 min fee subtracted from it and that yielded some weird rounding problem. BitcoinD uses floats in its API (not a good choice), which is probably the reason.

That seems like asking for trouble. Ah well, thanks for distributing it though.

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
...
...
In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
...
...
ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
...
...
The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
Turbor
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January 17, 2012, 07:17:11 PM
 #55

Hey, thank you for your donations ! Cool

Syke
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January 18, 2012, 04:51:31 AM
 #56

I love the idea of p2pool, but I hate reconfiguring my miners. Sounds like p2pool is big enough that it's worth trying out. Here goes...

Buy & Hold
Syke
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January 18, 2012, 08:36:14 AM
 #57

Yeah, setup wasn't too bad. I've already got a couple shares in on the current round. Documentation could use some work, but otherwise everything else looks good.

Buy & Hold
Rassah
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January 18, 2012, 02:53:23 PM
 #58

Yeah, setup wasn't too bad. I've already got a couple shares in on the current round. Documentation could use some work, but otherwise everything else looks good.

Yeah, the setup instructions make it seem to be way more complicated than it actually is. Just download files, copy/paste command line commands with changes to your own login/password, and you're set.

Mike Hearn
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January 19, 2012, 11:06:18 AM
 #59

The subsidies are continuing to roll in:

02c8a8db2bb0d99cd94a9dc134a1e2c3e62bbab44842b3231c24de765ffb7094

New miners: I'd be interested to know to what extent the subsidies affected your decision to join p2pool.
gnar1ta$
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January 19, 2012, 03:22:16 PM
 #60

New miners: I'd be interested to know to what extent the subsidies affected your decision to join p2pool.

Helped move me over  Smiley

Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
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