Topic: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool - page 76. (Read 2591919 times)

11 PH/s

Yeah .. doing next phase .. It should look even better in a few hours

We have waves ...

Yes I am.. NH and MRR (always open to other rentals if I can ever find more lol)

Oh, forgot to ask; Are you renting from a public provider? Just curious

No need to explain your motives or strategy in my book. I'm just glad you're joining P2Pool! Welcome aboard the train 😀

P2Pool is (almost) hop-proof due to using PPLNS but does not victimise hoppers.

You CAN'T change the probability of a share being rewarded vs the amount it is rewarded.
If there are more shares in the next payout, they will be rewarded less each, but the expected number of payouts of course increases with the increase in the number of shares.

P2Pool currently has a perception problem due to the fact that only a small % of your shares get a reward.
But you can't decide which of your shares will be rewarded, that's purely based on the luck of block finding.
There's no magic memory in any pool that decides, because you found a block now, when the next one will be.

Another way to look at it would be this:
If p2pool does victimise hoppers, you could increase your expected reward by DDoSing the largest p2pool node ... ... ...
... ... ... fortunately that's not true.

OP also stated the last month and a half .. not the last block.

I'm not going to explain my reasons, or when and why I slam the hashrate in there... but this experiment works so far... I will let you speculate as to why as you can see my spikes of hashrate.

I will not deny though, that there was a 7.5phs run that was not mine... No idea about that, but the majority of the spikes over the last while have been me.

Edit: Me and my friend

If you read OP you'll note he is buying large short lived mining rental contracts on p2pool, on his last big contract we/he happened to mine a very lucky block that likely paid every share he had in the chain from that rental.

While I'm enjoying our current luck, one thing I know is that it's bound to change...

Hence while he likely just had a very profitable run with our lucky block, that will not always be the case (rent multi-PH of rigs, find a block just after the rental expires).

The highest probability for the best reward is clearly to stretch out the mining to at least include 1 expected block, if not several.

False.

PPLNS has no expected effect on reward for hopping miners.

Edit: the thread title means hopping isn't statistically expected to gain anything, but it wont lose anything either.

Thanks for checking in, it's much appreciated, and welcome to p2pool!


P2Pool has an inherently high orphan rate for shares (and an inherently low one for blocks), it's part of mining on the pool and I'd encourage you to continue your testing.

To me the overall benefit of the increased hashrate/reduced variance greatly outweighs the orphaned shares.

That being said, I do think it's important to note that you will find greater returns in the long run with a consistent hashrate on the pool.

PPLNS (p2pool's payout method) by design discourages pool hopping, pretty successfully. While your not technically hopping, it will have the same effect for you.

Also, to truly have an accurate test of how p2pool can preform for you; you would need to mine for at least 3 days (the approximate length of the p2pool share chain), and then subsequently have the pool find a block. If you can spread your budget over that time I believe you will see better results.

To start with, it was a test and continues to be a test I guess. Recently this has become a collaboration between myself and a friend after proving to be profitable.

Basically the first couple weeks were minor amount of mining from rentals and setting up a large amount of merge mining and getting that balanced properly as well as automatic distribution of the MM coins to external accounts ... something I really wish was native to p2pool (not that I'm complaining... p2pool is awesome!)

It may become long term, but I'm not certain if it will be constant (they are rentals, and as such (like on NH) can be affected by market).
While I would like to have a high amount of hashing on the pool (10phs+), obviously thats rather costly in rentals (not to mention limited .. NH for both euro and america combined doesn't even have 20phs atm). It will most likely be surges of up to 10phs every 3 or 4 days which last between a few hours and upwards of a day.

I have smaller amounts on a constant level on p2pool, but nothing more than say 50ths in total. My old BFL running at 6ghs I even have pointed to it (free power at my rental, so cost of running it isn't a factor).

If it continues to be profitable for us, I may seriously consider dedicating 1 or 2 phs for the long term on the pool via rentals.

I really do apologize for the orphans for some people I've created... I didn't realize that that may be a by-product of this.

Hey SixOfFive - Thanks for letting us in on the inside scope. Just curious if you're willing to share your long term plan; I.E. Just testing or plans for bringing that Hashrate long term to P2Pool? 

Cheers!

Has been me with rentals (except for 1 spike yesterday iirr) for the last month and a half.

Thank you for pointing out the obvious.

Luckiest pool in Bitcoin

That of course happens on p2pool when there is one miner with a high % of the pool ...
For normal BTC that's called a 51% attack.
For p2pool that's ... not uncommon.