Additional subsidy for P2Pool users: 1-3btc/day

[Mike Hearn]

Another payment sent

[Rassah]

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.

[Therilith]

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.

[Therilith]

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.

[Cusipzzz]

Yet another contribution:

txn: aeee9aeb2a560b6ca4ec09495419b41558b9638465a18177059f7a61d49fc2da

gogo P2Pool

[doublec]

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]

04b0a9f07be8fa2ec22971ab3e0bb161b87791883c912d826d739d3a8a5aff23

[dani147624]

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

[Therilith]

04b0a9f07be8fa2ec22971ab3e0bb161b87791883c912d826d739d3a8a5aff23

I always shut off my miners mere hours before a big donation.  

[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]

[Mike Hearn]

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.

[Therilith]

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.

[westkybitcoins]

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!

[Mike Hearn]

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]

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.

[Turbor]

Hey, thank you for your donations !

[Syke]

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...

[Syke]

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.

[Rassah]

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]

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$]

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

Helped move me over