p2pool - Decentralized, Absolutely DoS-Proof, Pool Hopping-Proof Pool [archival]

[forrestv]

I'm a bit confused with the fees taken. Is it right how I understood it?:

Code:

  50 BTC/block
+ X.XXXXXXXX BTC from fees of transactions in the solved block
= Total BTC to be distributed

Now:
0,5% of 'Total BTC' goes to the one who finds the block
0,5% of 'Total BTC' goes to forrestv
What remains is PPLNS (Payed Per Last N Shares)

Please confirm or correct me. Thanks.

That's exactly correct. The only minor thing is that the payment to the last N shares is weighted according to the difficulty of getting a p2pool share at that time.

[Christian Pezza]

As soon the pool hit 50Ghash I am in!

[deti]

The only minor thing is that the payment to the last N shares is weighted according to the difficulty of getting a p2pool share at that time.

Can you explain this a bit? Who measures the difficulty of getting a p2pool share???

[bal3wolf]

hey forest can you convert the pobc to a windows exe i wanna see if it lowers the stales any for me.

[forrestv]

The only minor thing is that the payment to the last N shares is weighted according to the difficulty of getting a p2pool share at that time.

Can you explain this a bit? Who measures the difficulty of getting a p2pool share???

The difficulty of getting a p2pool share is automatically adjusted to keep one share being produced every ten seconds for all people using p2pool, in exactly the same way that the bitcoin difficulty is adjusted to keep blocks being generated at one every ten minutes.

hey forest can you convert the pobc to a windows exe i wanna see if it lowers the stales any for me.

Doing this now.

[forrestv]

hey forest can you convert the pobc to a windows exe i wanna see if it lowers the stales any for me.

Poclbm Windows binary: http://u.forre.st/u/hirpvrsw/p2pool-poclbm_win32_5590e7c.zip

[bal3wolf]

hey forest can you convert the pobc to a windows exe i wanna see if it lowers the stales any for me.

Poclbm Windows binary: http://u.forre.st/u/hirpvrsw/p2pool-poclbm_win32_5590e7c.zip

Thanks but you forgot some stuff it wont work right copying the phatk.cl from the offical dev seems to fix that error.

Exception in thread Thread-1:
Traceback (most recent call last):
  File "threading.pyc", line 552, in __bootstrap_inner
  File "threading.pyc", line 505, in run
  File "BitcoinMiner.pyc", line 63, in mining_thread
  File "BitcoinMiner.pyc", line 164, in load_kernel
IOError: [Errno 2] No such file or directory: 'phatk.cl'

Get this error if i try to use it in guiminer

2011-08-29 04:39:55: Listener for "5870": Traceback (most recent call last):
2011-08-29 04:39:55: Listener for "5870": File "C:\Python26\lib\site-packages\py2exe\boot_common.py", line 92, in <module>
2011-08-29 04:39:55: Listener for "5870": zipimport.ZipImportError: can't find module 'linecache'
2011-08-29 04:39:55: Listener for "5870": Traceback (most recent call last):
2011-08-29 04:39:55: Listener for "5870": File "poclbm.py", line 3, in <module>
2011-08-29 04:39:55: Listener for "5870": zipimport.ZipImportError: can't find module 'BitcoinMiner'

[deti]

The difficulty of getting a p2pool share is automatically adjusted to keep one share being produced every ten seconds for all people using p2pool, in exactly the same way that the bitcoin difficulty is adjusted to keep blocks being generated at one every ten minutes.

Tell me if I understood it right. Is it so that if I add some more miners the share time will decrease, then the p2pool difficulty must increase to reach the ten seconds again and therefore the weight of the new shares has also to increases for the payout?

[BombaUcigasa]

The difficulty of getting a p2pool share is automatically adjusted to keep one share being produced every ten seconds for all people using p2pool, in exactly the same way that the bitcoin difficulty is adjusted to keep blocks being generated at one every ten minutes.

Tell me if I understood it right. Is it so that if I add some more miners the share time will decrease, then the p2pool difficulty must increase to reach the ten seconds again and therefore the weight of the new shares has also to increases for the payout?

Is that good or bad?

[forrestv]

Tell me if I understood it right. Is it so that if I add some more miners the share time will decrease, then the p2pool difficulty must increase to reach the ten seconds again and therefore the weight of the new shares has also to increases for the payout?

That's correct.

Is that good or bad?

That keeps it fair, and so is good!

[forrestv]

Fixed poclbm Windows binary: http://u.forre.st/u/wodukkea/p2pool-poclbm_win32_5590e7c.zip

[forrestv]

Oh, and the pool found its third block about 12 hours ago: http://blockexplorer.com/block/00000000000007fe6ecd20a8c454cd43c78d912b499c46a1179e30f7cff002b3

[Christian Pezza]

Oh, and the pool found its third block about 12 hours ago: http://blockexplorer.com/block/00000000000007fe6ecd20a8c454cd43c78d912b499c46a1179e30f7cff002b3

can u please keep announce every block found? Could be awesome to have a webpage where automatically will shoy up stats of the p2pool! Will really helps to convince people to join (like me)

thank you

btw I am working on to slowly add my 6Ghash

[bal3wolf]

hey forest it might be a good idea if you can to update the miners in guiminer sence a ton use that and you cant drag and drop your mods into it because they cause it to not open any longer.  If you can even do that i have no info on how it would be done.

https://github.com/Kiv/poclbm

[BombaUcigasa]

How about including some transactions in the 4th block?! The future will need more fees than generation rewards... and you're missing the whole idea of mining...

[jgarzik]

How about including some transactions in the 4th block?! The future will need more fees than generation rewards... and you're missing the whole idea of mining...

If there are no transactions being recorded, that is a major design problem.

[nanotube]

How about including some transactions in the 4th block?! The future will need more fees than generation rewards... and you're missing the whole idea of mining...

If there are no transactions being recorded, that is a major design problem.

this is currently being worked on. see https://github.com/bitcoin/bitcoin/pull/476 and the forum thread referenced therein.

[norulezapply]

I love the idea of this pool, but one thing that personally puts me off it is the 0.5% fee to forrestv.
It's negligible I know, and I understand that you probably want a piece of the "pool operator pie" with some other pools charging 2% and things like that. But wouldn't it be better to have an auto-donate feature instead? (as in, auto-donating 1% of your shares to a forrestv donation worker)

I know I'd personally prefer that over a fee, mainly because it's not forced upon people. And you'd probably generate more from this "opt-out auto-donate system" than you would with a 0.5% fee.

The project to me seems to symbolize freedom from the mining pool operators and this fee kinda spoils it for me.

Any thoughts on switching to this?

[deti]

How about including some transactions in the 4th block?! The future will need more fees than generation rewards... and you're missing the whole idea of mining...

If there are no transactions being recorded, that is a major design problem.

this is currently being worked on. see https://github.com/bitcoin/bitcoin/pull/476 and the forum thread referenced therein.

I would like to see it the way that the node responsible can decide if he wants to include transactions in the blocks he finds for the p2pool. Even grater it would be if he could decide if he wants to include transactions with no fees or only those with fees or only those with fees > X.XXXXXXXX BTC.

I love the idea of this pool, but one thing that personally puts me off it is the 0.5% fee to forrestv.

Me too!   

The project to me seems to symbolize freedom from the mining pool operators and this fee kinda spoils it for me.

For me too ...

I also would appreciate that kind of donation feature to forrestv instead of the fixed 0,5% fee for him!

[norulezapply]

Yeah I'd happily donate 2% of my shares to this project purely because of the massive benefits it gives.
Also would I be correct in saying that since it's p2p there's no bitcoind server to pay for?