Bitcoin Forum
December 04, 2016, 02:08:51 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 »
  Print  
Author Topic: [OFFLINE]P2Pmining.com-Hybrid P2Pool-NO FEE!!!-BTC/NMC/IXC/I0C/DEV/LTC  (Read 51973 times)
Tittiez
Hero Member
*****
Offline Offline

Activity: 686



View Profile
February 29, 2012, 03:40:22 AM
 #21

Shit. Forgot about subsidies, my bad. I checked the transaction log.  Received 0.09092350 on Tuesday.  I will code in to credit miners for subsidies ASAP.  Thanks for the heads up.

Nice to see you don't keep them, that basically pays for the fee in itself.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
macboy80
Member
**
Offline Offline

Activity: 102


View Profile
February 29, 2012, 03:56:17 AM
 #22

Very good idea. I will be watching. Thanks.
JayCoin
Sr. Member
****
Offline Offline

Activity: 406


Crypt'n Since 2011


View Profile WWW
February 29, 2012, 03:59:58 AM
 #23

Tesing subsidies on the server.  I will be crediting the previous subsidy to current miners to test the update (Start mining now to get the biggest portion).

P2Pmining block 61 is the only subsidy actually received.  The other earlier blocks indicating subsidies were internal test transactions.

EDIT: Back pay of subsidy completed. Thank you for your support.

Hello There!
CrownCloud
Sr. Member
****
Offline Offline

Activity: 467


View Profile
February 29, 2012, 11:38:33 AM
 #24

Why not reduce the minimum payout amount ? Make it instant pay as-soon-as its confirmed ?


CrownCloud - Internet Services
Dedicated servers, OpenVZ and KVM based VPSes and  in 4 locations. (We accept Bitcoin !)
http://crowncloud.net/
Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
February 29, 2012, 12:39:36 PM
 #25

You might end up with "bitdust" - nearly worthless microtransactions that cause high transaction fees in the current vanilla client and bloat the blockchain. If you don't even trust the Poolop for ~2USD, you might consider mining in P2pool on your own imho.

A nice extension would be to pay out via generation transactions though, but I'm not sure how/if this would work with P2pool seeing your pool just as one big miner.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
CrownCloud
Sr. Member
****
Offline Offline

Activity: 467


View Profile
February 29, 2012, 12:43:19 PM
 #26

You might end up with "bitdust" - nearly worthless microtransactions that cause high transaction fees in the current vanilla client and bloat the blockchain. If you don't even trust the Poolop for ~2USD, you might consider mining in P2pool on your own imho.

A nice extension would be to pay out via generation transactions though, but I'm not sure how/if this would work with P2pool seeing your pool just as one big miner.

I trust the pool operator, it was just that other pools pay at like 0.1-0.01 BTC and this one pays at 0.5 BTC

CrownCloud - Internet Services
Dedicated servers, OpenVZ and KVM based VPSes and  in 4 locations. (We accept Bitcoin !)
http://crowncloud.net/
JayCoin
Sr. Member
****
Offline Offline

Activity: 406


Crypt'n Since 2011


View Profile WWW
February 29, 2012, 04:31:18 PM
 #27

You might end up with "bitdust" - nearly worthless microtransactions that cause high transaction fees in the current vanilla client and bloat the blockchain. If you don't even trust the Poolop for ~2USD, you might consider mining in P2pool on your own imho.

A nice extension would be to pay out via generation transactions though, but I'm not sure how/if this would work with P2pool seeing your pool just as one big miner.

I trust the pool operator, it was just that other pools pay at like 0.1-0.01 BTC and this one pays at 0.5 BTC

I am going to try out the sendmany method to distribute payments everytime a block is confirmed, but it is going to take a couple of days.

Which pools payout at such a low balance?  Eligius is 0.67108864 .

Hello There!
CrownCloud
Sr. Member
****
Offline Offline

Activity: 467


View Profile
February 29, 2012, 06:22:20 PM
 #28

You might end up with "bitdust" - nearly worthless microtransactions that cause high transaction fees in the current vanilla client and bloat the blockchain. If you don't even trust the Poolop for ~2USD, you might consider mining in P2pool on your own imho.

A nice extension would be to pay out via generation transactions though, but I'm not sure how/if this would work with P2pool seeing your pool just as one big miner.

I trust the pool operator, it was just that other pools pay at like 0.1-0.01 BTC and this one pays at 0.5 BTC

I am going to try out the sendmany method to distribute payments everytime a block is confirmed, but it is going to take a couple of days.

Which pools payout at such a low balance?  Eligius is 0.67108864 .

Well EclipseMC pays what ever balance is confirmed, no minimum as such. DeepBit also pays at 0.01 Tongue I guess a few more pay at 0.01 and 0.1 Smiley


CrownCloud - Internet Services
Dedicated servers, OpenVZ and KVM based VPSes and  in 4 locations. (We accept Bitcoin !)
http://crowncloud.net/
twmz
Hero Member
*****
Offline Offline

Activity: 737



View Profile
February 29, 2012, 07:06:36 PM
 #29

You might end up with "bitdust" - nearly worthless microtransactions that cause high transaction fees in the current vanilla client and bloat the blockchain. If you don't even trust the Poolop for ~2USD, you might consider mining in P2pool on your own imho.

A nice extension would be to pay out via generation transactions though, but I'm not sure how/if this would work with P2pool seeing your pool just as one big miner.

I trust the pool operator, it was just that other pools pay at like 0.1-0.01 BTC and this one pays at 0.5 BTC

I am going to try out the sendmany method to distribute payments everytime a block is confirmed, but it is going to take a couple of days.

Which pools payout at such a low balance?  Eligius is 0.67108864 .

Well EclipseMC pays what ever balance is confirmed, no minimum as such. DeepBit also pays at 0.01 Tongue I guess a few more pay at 0.01 and 0.1 Smiley



All of the places you are talking about have "accounts" where people can log in and choose their preferred payout amount.  P2PMining, like Eligius, doesn't have accounts.  People just use their payment address as their username.  Probably the only safe way to let people specify their preferred payout amount (vs setting it to some reasonable default, which is what JayCoin has done thus far) is to create some web page where people can submit their preference digitally signed by their payout address's private key.

That's a fair amount of effort, would be not entirely obvious for people to understand, and has minimal benefit because IMHO the existing minimum is pretty reasonable (who want's to get paid one nickel at a time anyway?)

Was I helpful?  1TwmzX1wBxNF2qtAJRhdKmi2WyLZ5VHRs
WoT, GPG

Bitrated user: ewal.
Tittiez
Hero Member
*****
Offline Offline

Activity: 686



View Profile
February 29, 2012, 08:37:08 PM
 #30

I am going to try out the sendmany method to distribute payments everytime a block is confirmed, but it is going to take a couple of days.

Which pools payout at such a low balance?  Eligius is 0.67108864 .

You can set whatever you want the payout to be on Slush's and MtRed.
JayCoin
Sr. Member
****
Offline Offline

Activity: 406


Crypt'n Since 2011


View Profile WWW
March 01, 2012, 04:14:31 PM
 #31

I tried a sendmany payout every solved block see transaction http://blockchain.info/tx-index/2888989/384c1f32cc25d38c62b7b4fd2c85122582cb5bcfa8d78d63d7f7f1a6042656e2.  Ended up paying 0.001 transaction fee which is about 20% of the pool fee.  If someone can show me how to avoid that transaction fee, I would be happy to payout every block

EDIT:  Read up about transaction fees and Bitcoin.  Looks like sub 0.01 transactions cause fees in sendmany. I guess i could still lower the payout threshold to 0.1 if a lot of people request it.  Currently there is only one other miner using the pool besides my own (Is this thing a non starter?). The most recent subsidy (block 70) is from me Smiley

Hello There!
Red Emerald
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
March 01, 2012, 06:42:47 PM
 #32

If you setup namecoin merged mining and paid out on both, I might switch my miner. That would reduce variance on the altchain giving your pool an advantage over p2pool.

Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
March 02, 2012, 03:04:33 PM
 #33

Ended up paying 0.001 transaction fee which is about 20% of the pool fee.  If someone can show me how to avoid that transaction fee, I would be happy to payout every block
You can include any kind of transaction of any size for free in your own blocks, this might require patching of your bitcoind though.

My suggestion:

Payout on these 2 conditions:
Either your pool (within P2pool) hits a block, then the whole remaining balance gets cleared via a free sendmany included in your block.
Or pay out with one sendmany per day (e.g. at 13:37 UTC) to everyone who has a balance of >0.3 (up to debate, but along these lines) Bitcoins.

Any regular miner then would quite get their daily payouts.
Irregular miners or people who just submit a handful of shares and then leave still get paid once your pool pops a block - they are anyways only having very small amounts of Bitcoins on your "bank" and it will eventually be cleared. You can easily give estimates about how often these "balance resets" happen depending on your pool's hash rate.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
JayCoin
Sr. Member
****
Offline Offline

Activity: 406


Crypt'n Since 2011


View Profile WWW
March 02, 2012, 03:39:22 PM
 #34

If you setup namecoin merged mining and paid out on both, I might switch my miner. That would reduce variance on the altchain giving your pool an advantage over p2pool.

I'll work on that this weekend.

Hello There!
maaku
Legendary
*
Offline Offline

Activity: 905


View Profile
March 03, 2012, 01:18:20 AM
 #35

What's your stale rate?

EDIT: Sorry, I see that you have that on your website. I should have looked first.

I'm an independent developer working on bitcoin-core, making my living off community donations.
If you like my work, please consider donating yourself: 13snZ4ZyCzaL7358SmgvHGC9AxskqumNxP
Tittiez
Hero Member
*****
Offline Offline

Activity: 686



View Profile
March 03, 2012, 02:29:37 AM
 #36

What's your stale rate?

6.3%, but when mining with p2pool, stalerate doesn't really matter as EVERY miner has lots of stales. You don't even need to put that into the equation.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
March 03, 2012, 02:32:10 AM
 #37

What's your stale rate?

6.3%, but when mining with p2pool, stalerate doesn't really matter as EVERY miner has lots of stales. You don't even need to put that into the equation.

Well it is a little more complicated than that.
Tittiez
Hero Member
*****
Offline Offline

Activity: 686



View Profile
March 03, 2012, 02:57:00 AM
 #38

What's your stale rate?

6.3%, but when mining with p2pool, stalerate doesn't really matter as EVERY miner has lots of stales. You don't even need to put that into the equation.

Well it is a little more complicated than that.

True, but I'm trying to get the point across that it doesn't really matter.
maaku
Legendary
*
Offline Offline

Activity: 905


View Profile
March 03, 2012, 03:52:39 AM
 #39

What's your stale rate?

6.3%, but when mining with p2pool, stalerate doesn't really matter as EVERY miner has lots of stales. You don't even need to put that into the equation.

Well it is a little more complicated than that.

True, but I'm trying to get the point across that it doesn't really matter.
Except that it does. If I'm getting 7.0% stales on my setup, switching to p2pmining at 6.3% would net me 0.2% profit even after his 0.5% fee. Likewise if I can get much lower on my own, the effective fee of using p2pmining would be that much higher. You can think about it this way: your stale rate is money you are losing out on, but everyone is sees a "bonus" equal to the average stale rate. Only if your stale rate is were exactly the same as the average rate would the net effect be zero.

The op seems to be on par with the average p2pool stale rate, which is good. I would expect that he could do even better though, if he tweaks his connection settings.

I'm an independent developer working on bitcoin-core, making my living off community donations.
If you like my work, please consider donating yourself: 13snZ4ZyCzaL7358SmgvHGC9AxskqumNxP
Tittiez
Hero Member
*****
Offline Offline

Activity: 686



View Profile
March 03, 2012, 04:28:34 AM
 #40

Except that it does. If I'm getting 7.0% stales on my setup, switching to p2pmining at 6.3% would net me 0.2% profit even after his 0.5% fee. Likewise if I can get much lower on my own, the effective fee of using p2pmining would be that much higher. You can think about it this way: your stale rate is money you are losing out on, but everyone is sees a "bonus" equal to the average stale rate. Only if your stale rate is were exactly the same as the average rate would the net effect be zero.

The op seems to be on par with the average p2pool stale rate, which is good. I would expect that he could do even better though, if he tweaks his connection settings.


I see, didn't think of that.
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!