[OFFLINE]P2Pmining.com-Hybrid P2Pool-NO FEE!!!-BTC/NMC/IXC/I0C/DEV/LTC

[JayCoin]

OFFLINE  


P2PMining.com

I have started a new kind of pool that is a sub pool of P2Pool.  With this pool you don't need to get your own block on to the P2Pool share chain.  I track all shares that are submitted by miners and divide the next P2Pool share that my pool receives proportionally to shares submitted in past 24 hours.  

Small miners can now mine on P2Pool and be sure they will get at least some portion of the next P2Pool block that is found.

Bitcoin Server / Merged Mining: http://p2pmining.com:9332 or http://pool.p2pmining.com
Litecoin Server:  http://p2pmining.com:9327 or http://ltc.p2pmining.com

• INSTANT PAYOUTS NOW AVAILABLE
• No sign up. Use Bitcoin or Litecoin address as username and anything for a password.
• Auto payout after 0.5 BTC or 0.5 LTC confirmed.
• Transaction fees go to miners
• No fee! Plus you keep transaction fees.
• Now supporting Litecoin/Namecoin/ixcoin/i0coin merged mining.

Donate BTC to everyone using p2pmining.com :19LrnsmMAsyn3fLJromD5tnH4bUAhjvimn
Donate BTC to server costs : 142dCmsdPZBULoCDYuQfozFPR5JoeZR6iP

-NOTE-
  -Miners will be connecting to a P2Pool server so expect lots of long polls and use the most recent miner programs. Set cgminer intensity to 8 or less for the least rejected shares.
  -If there is interest in this pool, I will increase server capacity.  Please report any problems connecting.

See the P2Pool thread for more information on how to set up a miner.

- Suggested Features -
- MTGOX price ticker - (eroxors)
- Stale rate on individual miner's hashrate tab - (cst)
- Indicate which Miners find merged mining blocks - (Tittiez)

http://p2pmining.com

JayCoin

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[Inaba]

I considered doing this as well... but I wasn't really sure what the point of it would be.  I'm not crapping on your pool or the idea, I'm glad someone has done it... but what is the ultimate goal? 

I thought the point of P2Pool was to get away from aggregate pools, so isn't this just trading bitcoind for p2pool and everything else remains the same, or is something missing from my analysis?

[grue]

I considered doing this as well... but I wasn't really sure what the point of it would be.  I'm not crapping on your pool or the idea, I'm glad someone has done it... but what is the ultimate goal? 

I thought the point of P2Pool was to get away from aggregate pools, so isn't this just trading bitcoind for p2pool and everything else remains the same, or is something missing from my analysis?

It's for people who are too lazy to run a p2pool node, or people who can't deal with the increased variance.

[Inaba]

Ok, I understand that... that's what a pool is for.  But how is this different than other pools?  It seems like it's just trading the backend bitcoind for p2pool, which at that point is immaterial to the user of the pool.

I'm sure I'm missing something, I'm just not sure what it is.

[twmz]

Ok, I understand that... that's what a pool is for.  But how is this different than other pools?  It seems like it's just trading the backend bitcoind for p2pool, which at that point is immaterial to the user of the pool.

I'm sure I'm missing something, I'm just not sure what it is.

One interesting difference from a normal pool is that he can successfully be a small/tiny pool but without the normal small/tiny pool variance and long intervals between blocks.  The 4GH/s of miners are dividing up 1 BTC a couple times per day instead of dividing up 50 BTC every couple weeks.

Having a massive pool that just points at p2pool doesn't make much sense (and is counter to the point of p2pool), but having a bunch of small pools all doing this doesn't seem like a bad thing.

[JayCoin]

I just wanted to give people a way to contribute to the P2Pool hash rate easily and with less variance. I also want to develop a better user interface for miners to monitor statistical data. It is also a way for me to start my own pool with low initial hash rate and low variance.  I may release the code in the future so others can have there own P2Pool pools. It's just a few PHP scripts and a database on top of P2Pool and Bitcoind.

[Inaba]

Ah the variance thing.. that makes sense. 

Does it hurt P2Pool to do that at all?  I can't see how, but who knows.  Cool deal.

[rjk]

So this pool actually serves up Difficulty 1 shares? Or is it just a P2Pool node set up and opened to everyone?

[JayCoin]

So this pool actually serves up Difficulty 1 shares? Or is it just a P2Pool node set up and opened to everyone?

As I understand, difficulty 1 shares. At least that's what I gleaned from the OP.

I made an error but it is now fixed.  P2Pool starts off serving difficulty 1 shares to miners, but as the local P2pool hashrate(P2P Mining Hashrate) increases, so did difficulty. I modded the P2Pool code to now always serve difficulty 1 shares so that it works as described in the original post.

I also fixed some bugs in the Miner list page so that a miner's address will show up even if they haven't submitted work in a while.  This way they can still go to their payout page.

[Tittiez]

Can we expect litecoin mining too? This is a great idea!

[JayCoin]

Who ever is mining with a Litecoin address, I would like to inform you that this is currently a Bitcoin only pool.  Make a transaction with your Litecoin address and PM me the amount(before you make the transaction) and send me a Bitcoin address to change your payouts to.  

Thanks

EDIT: Tittiez - it looks like it's you.

[Tittiez]

Who ever is mining with a Litecoin address, I would like to inform you that this is currently a Bitcoin only pool.  Make a transaction with your Litecoin address and PM me the amount(before you make the transaction) and send me a Bitcoin address to change your payouts to.  

Thanks

EDIT: Tittiez - it looks like it's you.

Fuck I copied from the wrong wallet. My BTC address is 1Pa8Wyp7LkxkPuRid6rXcLRvUCDZpGwA9W. What do you want me to do about the transaction? It was just one of those mornings...

Edit: PM'd you the transaction I made with my LTC address.

[JayCoin]

Who ever is mining with a Litecoin address, I would like to inform you that this is currently a Bitcoin only pool.  Make a transaction with your Litecoin address and PM me the amount(before you make the transaction) and send me a Bitcoin address to change your payouts to.  

Thanks

EDIT: Tittiez - it looks like it's you.

Fuck I copied from the wrong wallet. My BTC address is 1Pa8Wyp7LkxkPuRid6rXcLRvUCDZpGwA9W. What do you want me to do about the transaction? It was just one of those mornings...

Edit: PM'd you the transaction I made with my LTC address.

Your all set.  The all the payouts and current round work has been transferred to 1Pa8Wyp7LkxkPuRid6rXcLRvUCDZpGwA9W

[Tittiez]

Your all set.  The all the payouts and current round work has been transferred to 1Pa8Wyp7LkxkPuRid6rXcLRvUCDZpGwA9W

Thanks man! Sorry for the troubles.

[Red Emerald]

This is a great idea.

How are you tracking the shares for your miners? Did you modify p2pool's source at all?

[JayCoin]

The source is modified to only serve difficulty 1 shares.  P2pool calculates the hash rate based on the work submitted and I just log those hash rates at a regular interval and use that to calculate the reward distribution.  It's not as sexy as modding the code to capture actual shares submitted but it works out mathematically the same and it is easier to maintain as the p2pool code gets updated.  I'm just learning Python.  Once I examine the p2pool source some more and get more comfortable with Python, I will probably modify the code so that I can capture actual shares submitted, or I could just ask forrestv if he could just add that capability.

[Red Emerald]

The source is modified to only serve difficulty 1 shares.  P2pool calculates the hash rate based on the work submitted and I just log those hash rates at a regular interval and use that to calculate the reward distribution.  It's not as sexy as modding the code to capture actual shares submitted but it works out mathematically the same and it is easier to maintain as the p2pool code gets updated.  I'm just learning Python.  Once I examine the p2pool source some more and get more comfortable with Python, I will probably modify the code so that I can capture actual shares submitted, or I could just ask forrestv if he could just add that capability.

Ah very nice. I think pools like this are a great idea for small miners. Goat was talking about wanting something similar.

If you tracked the miner's shares, you should be able to figure out rewards on merged mining chains too. I'm sure this could be exposed as another page of json with not too much work. Ask in the main p2pool thread or maybe #p2pool in irc.

[El Cabron]

The source is modified to only serve difficulty 1 shares.  P2pool calculates the hash rate based on the work submitted and I just log those hash rates at a regular interval and use that to calculate the reward distribution.  It's not as sexy as modding the code to capture actual shares submitted but it works out mathematically the same and it is easier to maintain as the p2pool code gets updated.  I'm just learning Python.  Once I examine the p2pool source some more and get more comfortable with Python, I will probably modify the code so that I can capture actual shares submitted, or I could just ask forrestv if he could just add that capability.

Ah very nice. I think pools like this are a great idea for small miners. Goat was talking about wanting something similar.

If you tracked the miner's shares, you should be able to figure out rewards on merged mining chains too. I'm sure this could be exposed as another page of json with not too much work. Ask in the main p2pool thread or maybe #p2pool in irc.

yeah, this is awesome.   I will be watching this!

[Tittiez]

This may have been asked or answered somewhere, but what happens when you receive subsidies, do you keep them for yourself or are they calculated into all the miners payouts?

[JayCoin]

This may have been asked or answered somewhere, but what happens when you receive subsidies, do you keep them for yourself or are they calculated into all the miners payouts?

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.