Topic: 0.5% fee - Pools - Central Cavern Mining Co - Pools - page 5. (Read 6366 times)

The Boss hath spoken ^

thank you Murdof. 

From P2Pool wiki: https://en.bitcoin.it/wiki/P2Pool
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

I assume that's what you are asking?

Hi,

    Your pool sounds like just what I've been looking for, but it seems like my miners are hitting a ceiling of a "difficulty" of 999.98. I am used to seeing that as more of a dynamic value. Is that hard-coded on your pool?

The central cavern is >1% of the p2pool network,   yay!!

thanks to all cavern miners for joining us!

also, it's a joy to see donations coming in, I would like to reach out and say a BIG thank you to all who have donated BTC and all who mine on our node.
THANK YOU

http://gameshut.org/sites/default/files/Manic%20Miner%20-%20Loading.gif

No stress.

As stated p2pool plus bitcoin core plus system uses only 2.5GB, so 4GB should be plenty

well, being as I am, i like to be safe rather than mess up, and since other miners are involved, once I get around to setting up the Iceland VPS, it'll be a substantial specification of server. While I'm still weighing things up.. it'll likely be monday next week before I can get around to it, as this week is very busy.

I was just wondering whether there would be a chance we would manage to get to 5TB of traffic on the upcoming Iceland node.

However, i think that is pretty unlikely even with full access of p2pool nodes and a big amount of bitcoin core traffic.

Don't worry about bandwidth, i have plenty.
With regards the merge coins, i intend to (if we ever find blocks) share them with the miners on the node by way of giveaways etc.

We are a true 0% fee p2pool node and i intend on keeping it that way  

That's correct.  The key here is that when you're merged-mining, you are effectively solo-mining the coins with the node's hash rate.  I've been running my own p2pool node since April, and typically I'm the only one on it (mostly because I don't advertise it since I run it on my rMBP from home).  Since I've been mining, I got lucky and managed to crack a BTC block (on April 26).  That gave me block rewards for NMC, IXC, I0C, DVC.  I've since added FSC.  I'm pretty sure FSC is dead in the water since the last time I checked the website and block explorer were offline, but the last time I was able to access it, my node represented up to half of the entire hashing power of the coin (and I've only got about 1.8TH/s).

At any rate, I guess what I'm stating is that if your node gets a respectable amount of hashing power, merged-mining becomes worthwhile (at least you can trade the NMC, IXC, DVC).  Until then, well...

As for web traffic, if you let p2pool and Bitcoin core have their way, they'll push/pull large amounts of data because peers are constantly hitting your node to download the block/share chains.  You can kind of limit things by setting max connections for both, but running a wide open node will eat up your bandwidth.  It can be detrimental to your node's efficiency, because if your pipe is clogged with a ton of traffic from peers downloading the chains, shares you submit might end up orphaned because they took to long to be broadcast.

Do you mean web traffic? i.e. how much bandwidth you would need to run it?

If you have Bitcoin P2P on - then it can pull a lot of data.
Otherwise it is minimal. You can run it over DSL line.

Welcome on the node, new user

Ah okay, didn´t know that.

So it basically is very luck dependant.

Another question: How much traffic are you generating on your node?

Thing is, the merged coins are all solo mined by the overall node hashrate so there is no guarantee that blocks will be cracked.

 

I think namecoin gives you around 0.5% extra income, so this should be enough to cover the 20€/month expense (or whatever it takes).

I don´t know how long the setup takes, but it would be a "donation" of your working time most likely. Again, i would give a small donation to help cover the cost of the server.

I thought NMC wouldn´t be too difficult to set up, but i don´t know.

P2pool doesn´t only help decentralize mining, but also helps build reliable Bitcoin nodes, as every server has to run the full copy of the Bitcoin client.

I think the conclusion in this matter is that the 0% fee should remain.
Murdof is right about the merge mining; it's precious-little for what seems to be just a drain on resources.
I gave up trying to install a HUC wallet locally and i think it will most likely save money by removing it as a merged coin, due to its pull on the VPS resources.

I should also remark; in no way do i expect any donations towards the upkeep, i'm doing this because i enjoy learning and because i feel p2pool is the way we should all be mining. So, please do not feel obliged to give anything as a donation.

I'll set about getting the Iceland server up, hopefully this week as the wife and I are away this weekend.

BTW merge mining sounds nice but it really doesn't give you a big profit.
I have for example 13000 Fusioncoin which it is not even traded.
I0C is not traded either.
So if you talk about NMC, DVC, IXC the difficulty is the same as bitcoin but value is very small.

Good to have - but I have come to the conclusion it is a lot of fuss for nothing...

e.g. Huntercoin is a resource hog which is still syncing the blockchain for almost 1 week...
HUC has value but again I don't expect to mine much.
I can't be bothered to go to an exchange tbh.
I just prefer to check my wallet and see the bitcoins coming in...

I don´t know the cost of a server, apart from the one i recommended for Iceland.

If e.g the Iceland node ends up with 10TH and you can get ~20$ a month from merged mining NMC (currently~3TH for that) or DVC, i would think a voluntary donation would be nice.
I would definately send a donation to cover part of the Iceland node cost.

It also depends on wether you would use the server for anything else, if you need a server with residual ~400GB of storage anyway then it becomes "profitable" quite quickly.

Finally, i think you would probably receive more in donations with a 0% pool fee in comparison to a pool fee.
You will also receive higher donations when people are still able to hear after visiting the pool page

Looks all good to me!

One other thing, i would prefer to keep 0% fee but others have intimated that they wouldn't mind paying a small fee to use centralcavern nodes.

Should i keep it 0% or instigate a minimal fee structure?

I really don't mind either way since miners are free to guve dinations as stated on the noisy page.
Your thoughts on this would be appreciated.

I think the main source of dead shares was the previous miner (who didn´t understand PPLNS), who also had a higher reject rate

Everyone who is mining on the node now seems to have a good ping.

Looking at other nodes with similar setup, yes, it looks normal;

this is murdof's node (Greece) http://pool.nitro.gr:9332/static/ - which is running on a slightly less powerful server than ours.

Since launch, at one point we had 7 miners on the node, so i suppose the more miners; the more orphan/dead shares we might see.
So, to answer your questions; it seems normal, however with being quite new to p2pool myself, i'll look further into this when i get some time and report back.