A guide for mining efficiently on P2Pool, includes FUD repellent and FAQ

jonnybravo0311

legendary

Activity: 1344

Merit: 1023

Mine at Jonny's Pool

Quote from: pokapeski on February 02, 2017, 11:48:51 AM

thanks for the clarification.
For the record; On the tests I made the income seems to have noticibly improved after I applied the changes indicated in the first post of this thread.

Unless your node is the one submitting the blocks, the changes in the first post have no bearing on your mining income, since it is somebody else's node that has created and submitted the block, and you have no control over whether or not that node has followed the recommendations.

What the first post states is simply that if you increase the transaction fee minimum for any transactions you include in blocks you create, and also increase the size of the blocks you create will translate into blocks containing more transactions with higher fees. Again... just because you're doing it, doesn't mean anyone else is.

What really matters to you as a miner is that your shares are submitted and not DOA or orphaned. That means having a well connected peer. The faster you can get your shares out to the network, the less of a chance you have of them being orphaned. The faster your own node processes shares, the less chance you have of them being DOA.

in2tactics

hero member

Activity: 578

Merit: 501

Quote from: pokapeski on February 02, 2017, 11:48:51 AM

thanks for the clarification.
For the record; On the tests I made the income seems to have noticibly improved after I applied the changes indicated in the first post of this thread.

Good to hear!

pokapeski

newbie

Activity: 38

Merit: 0

thanks for the clarification.
For the record; On the tests I made the income seems to have noticibly improved after I applied the changes indicated in the first post of this thread.

in2tactics

hero member

Activity: 578

Merit: 501

Quote from: pokapeski on January 31, 2017, 09:20:24 AM

yes, I meant, I trust the pool so that when the new block is found the payment will realize.

My concern was about the difference between the estimation and the first figure of payments that I understand will happen once a block is found.
I understand from your post then that in the long run the estimation should roughly be somewhat reliable (given the difference that I notice between my results so far and the expectation).

It usually takes about 3 days for your 24 hour payout prediction and your payout now to normalize.

pokapeski

newbie

Activity: 38

Merit: 0

yes, I meant, I trust the pool so that when the new block is found the payment will realize.

My concern was about the difference between the estimation and the first figure of payments that I understand will happen once a block is found.
I understand from your post then that in the long run the estimation should roughly be somewhat reliable (given the difference that I notice between my results so far and the expectation).

in2tactics

hero member

Activity: 578

Merit: 501

Quote from: pokapeski on January 31, 2017, 07:39:12 AM

Hi there, I am newbiest newbie so be prevented Grin

I have been mining for almost 24 hours and there is something that escapes me.
I have this numbers now on the stats
Payout if a block were found NOW: 0.0136501 BTC. Expected after mining for 24 hours: 0.0752 BTC per block.

I understand that the money that I have actually made is 0.0136501 BTC
The 24hours mining estimation I take is just that, an estimation, however I noticed that it has always been much higher than the estimation I was making based on the shares found or the evolution of the confirmed payout (0.0136501 BTC).

Is the "Expected after mining for 24 hours" estimation something I should trust in the long run?

thanks

You have not made anything yet. The "payout if block found now" statement only tells you what you WOULD earn if a block was found right NOW based on your current shares on the sharechain. The "expected after mining for 24 hours" statement is a PREDICTION based on the current p2pool hashrate and your current hashrate.

pokapeski

newbie

Activity: 38

Merit: 0

Hi there, I am newbiest newbie so be prevented Grin

I have been mining for almost 24 hours and there is something that escapes me.
I have this numbers now on the stats
Payout if a block were found NOW: 0.0136501 BTC. Expected after mining for 24 hours: 0.0752 BTC per block.

I understand that the money that I have actually made is 0.0136501 BTC
The 24hours mining estimation I take is just that, an estimation, however I noticed that it has always been much higher than the estimation I was making based on the shares found or the evolution of the confirmed payout (0.0136501 BTC).

Is the "Expected after mining for 24 hours" estimation something I should trust in the long run?

thanks

in2tactics

hero member

Activity: 578

Merit: 501

Quote from: flameruk on January 08, 2017, 05:34:37 PM

The contents of this thread have been invaluable.
Still very much up to date and working.
Carefully reading this thread got me a good working node and background knowledge of how it works.
Thanks people.

flameruk

full member

Activity: 196

Merit: 100

The contents of this thread have been invaluable.
Still very much up to date and working.
Carefully reading this thread got me a good working node and background knowledge of how it works.
Thanks people.

.m.

sr. member

Activity: 280

Merit: 260

Surprised it still works.
Well done !

tharani

sr. member

Activity: 308

Merit: 250

don't piss me off or else you will see the tigress

thanks i will meet you guys there.

in2tactics

hero member

Activity: 578

Merit: 501

Quote from: tharani on August 17, 2016, 06:13:08 AM

i started using p2p pool with my asic block erupter, and also i can see it connects , current reward for block's is 0 btc but after 24 hours mining it is 0.01 btc,

so does this mean that after 24 hours if i connect and and mine and find a block i will be paid 0.01.??

also the bfg miner is showing 0.00 btc/ hr

then it updated to 196nbtc/hr

1 nBTC = 0.000000001 BTC

after it started accepting so it means its mining 196nbtc now for a hour right.??

so how to i get paid and when and how can i see how much has the bfg miner mined. Huh

there are lots of pools named p2pool

http://www.p2pool.com/

i am using this one , i don't know the pool mentioned here is the same one.

other places named p2pool

http://p2pool.in/

http://p2pool.org/

http://p2pool.in/ is the the official p2pool website.

You can follow the official p2pool thread here: https://bitcointalksearch.org/topic/1500-th-p2pool-decentralized-dos-resistant-hop-proof-pool-18313

tharani

sr. member

Activity: 308

Merit: 250

don't piss me off or else you will see the tigress

i started using p2p pool with my asic block erupter, and also i can see it connects , current reward for block's is 0 btc but after 24 hours mining it is 0.01 btc,

so does this mean that after 24 hours if i connect and and mine and find a block i will be paid 0.01.??

also the bfg miner is showing 0.00 btc/ hr

then it updated to 196nbtc/hr

1 nBTC = 0.000000001 BTC

after it started accepting so it means its mining 196nbtc now for a hour right.??

so how to i get paid and when and how can i see how much has the bfg miner mined. Huh

there are lots of pools named p2pool

http://www.p2pool.com/

i am using this one , i don't know the pool mentioned here is the same one.

other places named p2pool

http://p2pool.in/

http://p2pool.org/

rav3n_pl

legendary

Activity: 1361

Merit: 1003

Don`t panic! Organize!

On non-SSD 3GHz+ processor it is normal value.
You can limit size of block lowering maxblocksize and/or rising mintxfee.
minrealytxfee is not affecting GBT AFIK.

igorwhite

member

Activity: 114

Merit: 10

Hello, rav3n_pl
You are a professional. Tell me please. What are the better value.
If I install:
mintxfee = 0.0001
minrelaytxfee = 0.0001

Node getwork latency= 450- 1000ms Sad

rav3n_pl

legendary

Activity: 1361

Merit: 1003

Don`t panic! Organize!

Latency is less when when block created is smaller.
Setting higher fees you create smaller block because less transactions will meet restrictions.

igorwhite

member

Activity: 114

Merit: 10

I already read this. I do not understand is bad for node - good for getwork latency?
Sorry for my bad English

rav3n_pl

legendary

Activity: 1361

Merit: 1003

Don`t panic! Organize!

There: https://en.bitcoin.it/wiki/Transaction_fees

igorwhite

member

Activity: 114

Merit: 10

Hello!

Explain to me please:
install mintxfee=0.0005
minrelaytxfee=0.0005
What doing bad these values?

Node getwork latency becomes --- 50-120 ms

jonnybravo0311

legendary

Activity: 1344

Merit: 1023

Mine at Jonny's Pool

Quote from: bobby88 on May 15, 2015, 03:53:00 AM

Hello guys ,
I make a noob experiment for p2pool , i rent miners 2 THs and point that to minefast ( which is the p2pool mining pool ) with user name my wallet add and pass x , in the other side i have miner that run on my own node (wallet) with user name and pass same with the miner that i rent , the target is i just want to know are the hashing power is miner rent + my miner or they run independently each other. The results of that noob experiment is each miner run independently . the question is how the p2pool networks identify each miner ? cause before i join minefast , i check my address wallet and its appear with the hashing of my own miners , after i join the minefast the hashing powers appear only the rent miner.

regards

Assuming I read your post correctly, you've got some hash rate (we'll call it X) pointed to one p2pool node using a BTC address (we'll call it A). You've also got some other hash rate (Y) pointed to another p2pool node using the same address (A).

Each node will report only what the node sees for hash rate for the miners pointed to it. So, on node 1 you'll see hash rate X. On node 2, you'll see hash rate Y. If the node tracks expected payouts, then you'll see the combined expected payout on each node. This is because you're using the same address to mine to. The p2pool network as a whole makes payouts to addresses that have valid shares on the share chain. Since both sets of your miners (your own gear and rented gear) use the same address, p2pool itself knows of just the one address and the shares on the share chain for that address.

By the way, when you look at stats on coincadence, he guesses hash rate by address based on your expected payout. So, in effect, you'll see about X+Y reported assuming of course you've got a full N value for your shares on the chain.

Topic: A guide for mining efficiently on P2Pool, includes FUD repellent and FAQ (Read 174849 times)