What is Reddit's opinion of
P2Pool?
From 3.5 billion Reddit comments
➔ P2Pool website
By popularity on Reddit, this Service is:
28 reviews of this app found across Reddit:
The terms of service just says they aren't affiliated with the creator of p2pool. if you go to http://p2pool.org:9332/static/ you can see that they are running the same software as other p2pool nodes though, so I'm pretty sure this is a baseless accusation. If there is actual proof that it's a scam I've yet to see it.
Yes, Ideally you'll want to run your own node to really be a part of the p2pool network, but not everyone has a spare server with 30GB HDD and 2GB of ram sitting around. Not everyone has sysadmin skills, and if you don't know how what you're doing, its probably better to use a public node, at least temporarily while you learn how to set up your own.
2% is a pretty high fee for p2pool, but not all that unreasonable when you consider p2pool.org probably has some pretty good uptime, you can find a 0 fee public node near you on this sit: http://p2pool-nodes.info/
The only p2pool nodes that might be "duping" miners are ones with unreasonably high fees (i've seen some with 100% fees, now the highest looks like its 20%). This is very easy to spot though just go to /fee like on this one: http://207.66.158.146:9332/fee
Edit: Okay 2GB of ram is probably enough. Doesn't really change my point though. Anyone can mine on P2pool, not everyone can RUN p2pool.
I've been around a couple years, have contributed to Core, Bitcoin.org, and P2Pool and built a few projects of my own...
To name a few....
What I don't get about your objection is why it's not OK for Byrne to use bitcoin's blockchain for stock settlement, but its OK for you to use it to store a reputation system for drug dealers with Drop Zone?
Seems rather hypocritical?
p2pools (https://en.bitcoin.it/wiki/P2Pool) should be promoted. These pools are not centralized but work on a peer to peer basis of small pool nodes. Each pool node can have several miners.
Miners within a p2pool node get their income on a share basis in the p2pool node. And at the same time the p2pool node will participate on the p2pool network to get its fare share (using a trust-less ledger similar to bitcoin's blockchain).
So the only thing is to connect your miners to a p2pool node. If you don't trust any, you can setup one quite easy (follow the instructions form the above link), so you can participate on this trust-less combined mining.
ONE THING, the pool at http://p2pool.org IS NOT base on p2pool protocol. They just used name and they are a regular centralized pool from what I understand.
You can even promote p2pool by donating BTCs to the p2pool network current miners (look at the p2pool wiki).
It's not that easy for the miners to just decide to perform a 51% attack, the level of collaboration required is enormous. There are so many people mining that an attack like that would not be practical. It's the owners of the mining pools that one has to be concerned about. As of right now, this means that at the minimum, the owners of 3 major mining operations would have to collude in order to shift a majority of the hashrate to an alternate chain. While this seems like a low number, it would require these pool operators to either combine into one pool, which would cause users to disperse as I will address in the next paragraph, or to silently switch over to the new chain and hope nobody notices. This second option is indeed a problem, but not one that hasn't been solved. http://p2pool.org is a p2p implementation of the mining pool system that allows people to decentralize even their mining from people who want to abuse it.
That said, this has come close to happening in the past. When ghash.io was approaching a hash rate near that sufficient to perform a 51% attack, people moved off of their pool en masse. The community has in the past responded to threats by simply moving themselves away from anyone capable of becoming one, and I forsee that happening in the future as well.
The distributed pool P2Pool provides statistics about its affiliated miners. (Click on "Active Miners"").
Looks like a typical distribution with a few large miners and a long tail of smaller ones.
But that pool is probably atypical. I would think that the big Chinese pools have a more concentrated distribution of miners too. Some of those pools even own a large fraction of their mining power.
The top suggestions so far are awesome, I hope you take them into serious consideration.
I have been playing around with the blockcahin for a little bit (http://minefast.coincadence.com, http://www.coincadence.com/charts/, http://p2pool.org, etc...)
It can provide a wealth of query-able information.
What I would really like to see is an open source blockchain to query-able (by SQL standards) DB model with a script to update it regularly (via cron or similar), and some interesting query examples...
p2pool.org is not what you think it is, for some reason their "p2pool" is separate from the other ones, they just got lucky with a good domain name >_<. It doesn't look like their p2pool dogecoin node is connected to anyone but themselves - compare that with this node.
Use a node from the dogecoin resources list.
If you don't control your private keys you don't own your bitcoin
If you don't personally control your hash power you cannot guarantee your vote or a ROI.
100% of cloudmining should be avoided because few make ROI, if any, and it weakens the security model of bitcoin by further centralize mining. Many of these operations fractionally reserve mine and are set up as ponzis as well so you also cannot guarantee your money is buying any hashpower at all.
Read this for more information - https://bitcointalk.org/index.php?topic=878387.0
Keep in mind that those not considered a ponzi or fraud will likely become one in the future in this list.
If you want to mine than: 1) Do the math with a calculator that allows for difficulty to determine ROI- https://bitcoinwisdom.com/bitcoin/calculator
2) Buy and control your own ASICs
3) Mine p2pool - http://p2pool.org/
http://p2pool.org/ p2pool is unlike normal pooled mining. You use your own local node to get work and mine on. You share your work with others running p2pool. You can also connect to someone else's node to mine on if you don't run one yourself. When someone using p2pool finds a block, the coinbase transaction splits the reward between everyone who contributed according to amount of work done (regular pools pay the coinbase to themselves and then pay you). It's decentralized pooled mining. Don't know why it never really caught on. Probably cause it's a little more complicated.
It supports merge mining, but if I understand correctly you will basically be solo mining the coin you are merge mining. And you'll need to run that coin's node as well.
I would grab two Antminer S1's from Bitmain Tech
And then one Gigampz, PSU and Cable pack from (Gigampz)[http://www.gigampz.com/index.html] (this can easily run two Antminer S1's very well)
This will give you the best bang for your buck, and let you set and forget.
Don't even need the laptop if you're mining on a pool, would recommend mining on a P2Pool node
if you have questions ask away, or feel free to message me. cheers.
Keep in mind that I have a relatively low hashrate. I only have one Antminer S1 at 200GH/s. What do you have?
Also which P2Pool are you using? I was trying this on P2Pool.org, and even though http://p2pool.org:9332/static/ showed my Bitcoin address and my hashrate to be ~200GH/s, I didn't get anything after 10+ hours of mining. My predicted payout was "no shares yet".
Yea, even GUIMiner is a bit to complex for "noobs". Something super simple that just fires up cgminer would do. The cumbersome part is creating default config templates for people to easily choose from (or auto choose after detecting graphics cards etc) and also not having the entire world hashing in a single pool if there's also one or a few default pools set up. :)
A community/foundation driven http://p2pool.org style pool might be nice so new users only need to enter wallet address and they are good to go.
It's easy... but I still don't recommend it as it'll max out your processor which would otherwise be idling when not in use. Maybe there's a way to control that on a Mac, not sure... I'm a Windows guy. Usually you want to do this on a desktop that's designed to run longer at max speed and still dump the heat.
Anyway...
First you're going to need some Wallet software for the coin of your choice (and I can't help you here, again, I'm a Windows guy!). When you install the wallet software, it will generate your first address and take some time to sync up to the network. Make a note of that address - that's where you will receive your coin.
Second you're going to need a scrypt CPU miner. I recommend you go to Sourceforge and see if there's a version appropriate for your computer. I'd bet there is.
Third you're going to look for a mining pool to join. You'll surrender a percentage of your mining returns, but you'll get something... whereas mining by yourself it's unlikely you'll see a coin at all. I'd suggest visiting http://p2pool.org/ and finding one there.
Fourth, you're going to alter the launcher so it points to your chosen pool as the server address, and has your Litecoin or Dogecoin address as your username.
It should look like: 'minerd --scrypt -o stratum+tcp://wafflepool.com:3333 -u 1AFgc6W439fE1uxQtvWzcmDKXRJLoTQYLb -p x'
And hey, feel free to use that if you want to mine BTC for my charity drive (plug)
Fifth you're going to let that sucker run for a week or two before you earn enough to trip the minimum payout and get a balance in your wallet.
Could you please elaborate on that? I've searched in the past and nothing suggests you can mine NMC alone instead of BTC with merged-mining support.
Edit: no, really guys. Don't downvote stuff unless you prove otherwise first. There are no pool setups for NMC, nothing on http://p2pool.org I've only heard of nmc being a result of finding btc blocks, so I don't understand how it could be mined seperately.
>How do staking rewards get paid out to a staker?
Payouts are at the end of each epoch (every 5 days). Source: 25:12 in the PoS Delegation video /u/sebastiengllmt posted.
>Do you just open your wallet and see more money in it?
Yes.
>Do you supply your wallets receive address to the staking pool and they pay it?
I don't know if you need to manually supply an address, it might be as simple as clicking the "Delegate" button in Daedalus.
>And who checks on the pools to make sure they are paying correctly to all members of the pool rather than pocketing some of the rewards themselves?
Good question. I was thinking that the protocol pays everyone directly, like P2Pool. But at 33:51 in the video it's mentioned that pools are the ones getting paid, then they pay their members. So a malicious pool could be skimming, just like the average PoW mining pool. With PoW, you can't really verify members and their hashrates, it's a black box. But maybe with PoS you can easily verify who delegated how much to the pool exactly, how much the pool got paid, and where that money went.
The share chain is specific to P2Pool. If you were solo mining without using a pool, there would be no shares, but with the current difficulty you'd need at least 100Gh/s of hashing power to find a block.
Btw, P2Pool isn't VTC specific, there are a ton of coins out there that use similar peer 2 peer mining clients. Some use shares, some payout according to how much hashing power you've contributed.
Check out http://p2pool.org/learn/index.php, it's for the Bitcoin P2Pool, but it's basically the same.
You should mine bitcoin.
Buy some Asics- https://canaan.io/shop/
Mine on p2pool -
and do your research -
https://bitcoinwisdom.com/bitcoin/calculator
especially study difficulty in mining.
P2Pool nodes have a resource located at [IP]:[PORT]/patron_sendmany/[AMOUNT] that returns a sendmany object for miners with shares on the current P2Pool chain. If the donation is too small to send a payment to all miners (such as 1 mBTC) it will return single miners at random.
Locally my P2Pool node is stating about 700-750 TH/s, but that can vary quite a bit. It may not have caught up to reflect an influx of mining power. P2Pool.org is stating about 674 TH/s link.
> if you go to http://p2pool.org:9332/static/ you can see that they are running the same software as other p2pool nodes though, so I'm pretty sure this is a baseless accusation.
This is the entire point.
"p2pool.org": YOU -> p2pool.org -> P2Pool
"P2Pool": YOU -> P2Pool
P2Pool is useful because it lowers variance while still keeping mining decentralized. Using a regular pool that happens to use P2Pool as the backend does not have this advantage. You might as well be mining on a regular, small pool. It makes no difference security-wise.
Check http://p2pool.org:9171, click Graphs and then look for your address
Thanks for mining P2Pool btw, I consider P2Pool's popularity as one of Vertcoin's strengths but the percentage has been dropping recently and the hash rate is starting to centralise into a few pools.
If you decide to stick with P2Pool you might want to consider a different node. Looking at p2pool.org's stats they've got quite a high DOA rate, presumably because they've got people connecting from all over the world without considering their latency. Low latency to the node is essential with P2Pool, take a look at p2pool.vertcoin.org and try a couple of the nodes with low ping (it calculates ping for each one in your browser, very cool). You should be able to find one with a lower ping and lower fees than p2pool.org.
right click on your BFG miner and click on "create a shortcut". then right click the shortcut and click on "properties". under "target" at the way end, paste "--scrypt -o http://p2pool.org:22552 -u address -p password" (without "") then save the properties and double click the shortcut
Ok thank you for all the info!
I am going on http://p2pool.org:9171 (the main server listed on p2pool.com for vertcoin) just to test out
Have my user name as xxxxxxxxxxxxxx+0.000174 (does that look right for [for 150kh])
So how long should I have to wait to receieve a payment? I just want to find out if its working right so I dont mine for multiple days without knowing or not like my first attempt at p2pool
Also, is this method the same for other altcoins?
Hmmm. Okay. So I should find a node close to me so the ping is low. I've found one and it works, but now I'm looking at P2Pool.org and the URL they provide is: http://p2pool.org:22552
For some reason when I use this in my bat file, my cudaminer cannot connect. Thoughts?
Is this syntax technically correct (even if it is not what you personally use)?
minerd --url=http://p2pool.org:22552 --userpass=WALLETADDRESS:PASSWORD
It said on p2pool.org to make up a password so I did.
There is no minimum. there is only estimated time to share.
Q: Why does my miner say it has found a lot of shares but p2pool say I have only found a few?!
A: The real P2Pool difficulty is hundreds of times higher than on normal pools, but p2pool essentially lies to your miner and tells it to work on relatively easy shares so that it submits shares every few seconds instead of every few hours. P2Pool then ignores any submitted shares that don't match the real share difficulty. By doing this, P2Pool can more accurately report your local hash rate and you can see if you are having problems with too many stale shares quickly
feel free to ask anything guys.