P2Pool vs Normal Pool - Which one better ?

[BitCoinDream]

Is there any drawback of P2Pool over Normal Pool mining with 0% fee, e.g. at GHash.IO ?

[rarkenin]

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

[Rapido]

so is 51% a viable threat or very unlikely to happen? 

[BitCoinDream]

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

That is the advantage of the network. I'm asking which one is beneficial as a miner and why ?

p.s. I understand, as a pool owner, a normal pool is beneficial as pool owner may have commission from payment, which is not possible on a P2Pool. Please correct me if I'm wrong.

[single-mom]

P2P is currently only for large miners.

[BitCoinDream]

P2P is currently only for large miners.

Why do u think so ? What advantage a small miner gets at a normal pool ?

[Harley997]

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

Many P2P nodes do not offer merged mining, while Ghash does. NMC merged mining can add ~1% to your return

[BitCoinDream]

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

Many P2P nodes do not offer merged mining, while Ghash does. NMC merged mining can add ~1% to your return

I'd like to know the bitcoin mining specific advantage

[Gimmelfarb]

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

Many P2P nodes do not offer merged mining, while Ghash does. NMC merged mining can add ~1% to your return

I'd like to know the bitcoin mining specific advantage

it's decentralized. it helps to reduce the 51% (and under) threat. anything that chips away at mining centralization helps. i do understand the economic incentive for miners to pursue ways to merge mine, though.

[BitCoinDream]

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

Many P2P nodes do not offer merged mining, while Ghash does. NMC merged mining can add ~1% to your return

I'd like to know the bitcoin mining specific advantage

it's decentralized. it helps to reduce the 51% (and under) threat. anything that chips away at mining centralization helps. i do understand the economic incentive for miners to pursue ways to merge mine, though.

Whatever u have said are the advantages of the network. What advantage does a miner get by joining the a P2Pool over a normal pool ?

[Chemistry1988]

Whatever u have said are the advantages of the network. What advantage does a miner get by joining the a P2Pool over a normal pool ?

I don't see any direct personal gain from using p2pool, but I believe everyone involved in bitcoin (miners, traders, merchants, and even faucet lovers) want bitcoin to be successful and want to see the price going up.
While the major pools may not have any bad intentions at all, it is never a good idea to have the mining world overly-centralized, and it will negatively affect the confidence in bitcoin and hence the merchant acceptance, adoption rate and price.

[ranochigo]

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

[newIndia]

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

[ranochigo]

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

[newIndia]

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

So, unless a P2Pool owner has his own mining equipment, he's not gonna profit from this ...right ? Because, like a normal pool owner, he cant charge ...is not it ?

[ranochigo]

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

So, unless a P2Pool owner has his own mining equipment, he's not gonna profit from this ...right ? Because, like a normal pool owner, he cant charge ...is not it ?

Unless you impose a fee and people are still interested to join it which is unlikely.

[newIndia]

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

So, unless a P2Pool owner has his own mining equipment, he's not gonna profit from this ...right ? Because, like a normal pool owner, he cant charge ...is not it ?

Unless you impose a fee and people are still interested to join it which is unlikely.

Is it possible at all to impose a fee on mining payout for a P2Pool ?

[ranochigo]

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

So, unless a P2Pool owner has his own mining equipment, he's not gonna profit from this ...right ? Because, like a normal pool owner, he cant charge ...is not it ?

Unless you impose a fee and people are still interested to join it which is unlikely.

Is it possible at all to impose a fee on mining payout for a P2Pool ?

Yes, if you run this command,
screen -d -m -S btcp2pool ~/p2pool/run_p2pool.py (username) (Bitcoind password)
It will automatically donate a small amount of the miner's revenue to you.

[newIndia]

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

So, unless a P2Pool owner has his own mining equipment, he's not gonna profit from this ...right ? Because, like a normal pool owner, he cant charge ...is not it ?

Unless you impose a fee and people are still interested to join it which is unlikely.

Is it possible at all to impose a fee on mining payout for a P2Pool ?

Yes, if you run this command,
screen -d -m -S btcp2pool ~/p2pool/run_p2pool.py (username) (Bitcoind password)
It will automatically donate a small amount of the miner's revenue to you.

Thank u so much ...u have been very helpful

Do u know if a pool (P2Pool or normal) can be setup on Google App Engine ?

[ranochigo]

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

So, unless a P2Pool owner has his own mining equipment, he's not gonna profit from this ...right ? Because, like a normal pool owner, he cant charge ...is not it ?

Unless you impose a fee and people are still interested to join it which is unlikely.

Is it possible at all to impose a fee on mining payout for a P2Pool ?

Yes, if you run this command,
screen -d -m -S btcp2pool ~/p2pool/run_p2pool.py (username) (Bitcoind password)
It will automatically donate a small amount of the miner's revenue to you.

Thank u so much ...u have been very helpful

Do u know if a pool (P2Pool or normal) can be setup on Google App Engine ?

I don't really think this is possible, it is also quite expensive, try buying a dedicated server or VPS to host it. Their official website is http://p2pool.in/