I can live with having a share once per 12 hours, but what does this share brings me actually? 
If you have a share on the chain when a block is found, you get paid for it. Currently each share is worth ~0.003BTC. 
Topic: Educate me about p2pool please! (Read 1501 times)
think of p2pool similar to bit torrent decentralised peer-to-peer.
p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
I wouldn't use p2pool.info... it's got some pretty glaring mistakes (number of miners, etc). http://minefast.coincadence.com is much better.p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
@CryptoPanda, everyone in p2pool is mining in the same pool. There are no clusters mining separately from other clusters. It's all one, big, happy pool. You can find the total hash power of the p2pool network on any node - even the default UI. It is up to each individual node to determine any fees and donations that are charged. For example, my own node charges 0% fees (because I'm the only one who mines on it, so why bother charging myself). Windpath's node (minefast.coincadence.com that I mentioned above) also charges 0% fees.
so are all using p2pool contributing to the same total hash power or there is some federation?
I just want to make sure that my variance wont be too big if i switch to p2pool
Yes, all p2pool miners are contributing to the global p2pool rate. That rate at this very moment is 2.25PH/s. Let me ask you - how much hashing power are you planning to bring to p2pool? Variance is a bear with p2pool because of the nature of the share chain.I just want to make sure that my variance wont be too big if i switch to p2pool
that helps as lot thank you
So the current hash power is 1-2% of the total. That would mean quite a lot of variance.
I can bring 900ghs with 2 S3 antminers
Let me give you a solid example (I'll even use math
). Right now, the difficulty to find a share is 9410019. With your 900GH/s from the 2 S3s, that means you should expect to find a share:Code:
Difficulty * 2^32 / hash rate / 3600
9410019 * 2^32 / 900000000000 / 3600 = 12.47
So, every 12 and a half hours. Now, let's raise that share difficulty to 12,000,000:9410019 * 2^32 / 900000000000 / 3600 = 12.47
Code:
12000000 * 2^32 / 900000000000 / 3600 = 15.91
Nearly 16 hours to find a share.When I first started mining on p2pool, the share difficulty was barely in the hundred thousands. Now I've seen it upwards of 15 million. If you can handle the variance, then you'll be happy on p2pool. If that kind of variance is too much for you, then p2pool is not for you.
I can live with having a share once per 12 hours, but what does this share brings me actually?
the most accurate way to find p2pools speed is to run p2pool and see that stats from the screen output
Nearly 16 hours to find a share.
When I first started mining on p2pool, the share difficulty was barely in the hundred thousands. Now I've seen it upwards of 15 million. If you can handle the variance, then you'll be happy on p2pool. If that kind of variance is too much for you, then p2pool is not for you.
True ... I found mining on p2pool not much better than solo mining ......
There's a very good thread that compares p2pool to Eligius and BTCGuild. It shows that during the timeframe of the experiment p2pool has outperformed both of those pools. Check it out here: https://bitcointalksearch.org/topic/benchmark-p2pool-vs-btcguild-vs-eligius-416933
Nearly 16 hours to find a share.
When I first started mining on p2pool, the share difficulty was barely in the hundred thousands. Now I've seen it upwards of 15 million. If you can handle the variance, then you'll be happy on p2pool. If that kind of variance is too much for you, then p2pool is not for you.
True ... I found mining on p2pool not much better than solo mining ......
think of p2pool similar to bit torrent decentralised peer-to-peer.
p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
I wouldn't use p2pool.info... it's got some pretty glaring mistakes (number of miners, etc). http://minefast.coincadence.com is much better.p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
@CryptoPanda, everyone in p2pool is mining in the same pool. There are no clusters mining separately from other clusters. It's all one, big, happy pool. You can find the total hash power of the p2pool network on any node - even the default UI. It is up to each individual node to determine any fees and donations that are charged. For example, my own node charges 0% fees (because I'm the only one who mines on it, so why bother charging myself). Windpath's node (minefast.coincadence.com that I mentioned above) also charges 0% fees.
so are all using p2pool contributing to the same total hash power or there is some federation?
I just want to make sure that my variance wont be too big if i switch to p2pool
Yes, all p2pool miners are contributing to the global p2pool rate. That rate at this very moment is 2.25PH/s. Let me ask you - how much hashing power are you planning to bring to p2pool? Variance is a bear with p2pool because of the nature of the share chain.I just want to make sure that my variance wont be too big if i switch to p2pool
that helps as lot thank you
So the current hash power is 1-2% of the total. That would mean quite a lot of variance.
I can bring 900ghs with 2 S3 antminers
Let me give you a solid example (I'll even use math
). Right now, the difficulty to find a share is 9410019. With your 900GH/s from the 2 S3s, that means you should expect to find a share:Code:
Difficulty * 2^32 / hash rate / 3600
9410019 * 2^32 / 900000000000 / 3600 = 12.47
So, every 12 and a half hours. Now, let's raise that share difficulty to 12,000,000:9410019 * 2^32 / 900000000000 / 3600 = 12.47
Code:
12000000 * 2^32 / 900000000000 / 3600 = 15.91
Nearly 16 hours to find a share.When I first started mining on p2pool, the share difficulty was barely in the hundred thousands. Now I've seen it upwards of 15 million. If you can handle the variance, then you'll be happy on p2pool. If that kind of variance is too much for you, then p2pool is not for you.
think of p2pool similar to bit torrent decentralised peer-to-peer.
p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
I wouldn't use p2pool.info... it's got some pretty glaring mistakes (number of miners, etc). http://minefast.coincadence.com is much better.p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
@CryptoPanda, everyone in p2pool is mining in the same pool. There are no clusters mining separately from other clusters. It's all one, big, happy pool. You can find the total hash power of the p2pool network on any node - even the default UI. It is up to each individual node to determine any fees and donations that are charged. For example, my own node charges 0% fees (because I'm the only one who mines on it, so why bother charging myself). Windpath's node (minefast.coincadence.com that I mentioned above) also charges 0% fees.
so are all using p2pool contributing to the same total hash power or there is some federation?
I just want to make sure that my variance wont be too big if i switch to p2pool
Yes, all p2pool miners are contributing to the global p2pool rate. That rate at this very moment is 2.25PH/s. Let me ask you - how much hashing power are you planning to bring to p2pool? Variance is a bear with p2pool because of the nature of the share chain.I just want to make sure that my variance wont be too big if i switch to p2pool
that helps as lot thank you
So the current hash power is 1-2% of the total. That would mean quite a lot of variance.
I can bring 900ghs with 2 S3 antminers
think of p2pool similar to bit torrent decentralised peer-to-peer.
p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
I wouldn't use p2pool.info... it's got some pretty glaring mistakes (number of miners, etc). http://minefast.coincadence.com is much better.p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
@CryptoPanda, everyone in p2pool is mining in the same pool. There are no clusters mining separately from other clusters. It's all one, big, happy pool. You can find the total hash power of the p2pool network on any node - even the default UI. It is up to each individual node to determine any fees and donations that are charged. For example, my own node charges 0% fees (because I'm the only one who mines on it, so why bother charging myself). Windpath's node (minefast.coincadence.com that I mentioned above) also charges 0% fees.
so are all using p2pool contributing to the same total hash power or there is some federation?
I just want to make sure that my variance wont be too big if i switch to p2pool
Yes, all p2pool miners are contributing to the global p2pool rate. That rate at this very moment is 2.25PH/s. Let me ask you - how much hashing power are you planning to bring to p2pool? Variance is a bear with p2pool because of the nature of the share chain. I just want to make sure that my variance wont be too big if i switch to p2pool
so are all using p2pool contributing to the same total hash power or there is some federation?
I just want to make sure that my variance wont be too big if i switch to p2pool
I just want to make sure that my variance wont be too big if i switch to p2pool
think of p2pool similar to bit torrent decentralised peer-to-peer.
p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
p2pool that has different nodes you can connect to that make up the entire p2pool, you can either create your own node or join someone eleses, the fee paid depends on the pool you connect to.
to see the total power you can go to
http://www.blockchain.com/pool
or
http://p2pool.info/
Is everyone that uses p2pool effectively mining in the same pool? Or there are clusters of nodes mining separately from other clusters?
Where do we see the total hash power of p2pools?
Does the fee depends on the node you connect to?
Where do we see the total hash power of p2pools?
Does the fee depends on the node you connect to?
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