Topic: Have 2.311 PH/S rate, PPS P2POOL or PPLNS (Read 3010 times)

Regarding this, has anyone tried installing the S5 cgminer binary into an S7? A bit daring, I know.......

PPS takes a huge amount of fee as it pays you before a block is mined, eliminating the bad luck factor. P2Pool is a distributed pool which allows users to run their node but the hashrate is low and offer lacks features and stability. PPLNS is undoubtedly the best choice as it has low fees and many pools support it.

And in case that needed more explanation - it means on rare occasions throwing away a whole valid BTC block ... ... ... ...

Just another bit of food for thought.  Bitmain has historically not played nicely with p2pool using their default firmware/drivers.  They have their own lousy fork of cgminer, and refuse to incorporate work that both -ck and kano have done to improve it.  Especially in regards to p2pool, Bitmain's default driver will not submit stale shares.  Furthermore, Bitmain hardware typically loses 10% or more hash rate on p2pool - again because of their lousy coding.

do yourself a favor and order the longer wires.  read this below


 https://bitcointalksearch.org/topic/s7-died-keeps-hashing-with-fans-on-low-s5-burnup-all-over-again-1216606

even if you do not use the wires or set up all over.

having the wires on hand will allow you to get a dead machine working.

I have 6 wires on hand.

Even if you order 30 wires for 30 usd it gives you the chance to get a dead machine back up rather then wait for a spare part.

I know this is a nuts and bolts issue like tweaking old carbs on 1950's cars.

but to have 0 cables and 0 BB's or controllers for spares when you run 500 machines is asking for a problem.

the cables in a box are piece of mind.

have fun and good luck mining.  Maybe you can find a pool that works a little better then 97.2 percent

Just to see how my miners perform with it, purely for curiosity. I've no idea where the node is located though.....for latency reasons I mean. I'm always pointing a few miners at different nodes for comparison, I find it very interesting, and educating (I like to learn).

Why would you do that? With the number of miners he has it will likely be an overloaded node already. p2pool doesn't scale to that many miners.

Nice one  

Is it public? I'd like to check it out - might even throw some at it myself  

Own.

Are mining on your own p2pool node - or using a public node? If so, what one? 

Hi Phillip,

Appreciate your advice, but I have all up and running for a few days now, I rather not mess with it even if it saves me a bit.

Okay, I have taken everyones advice into consideration about trying out different ones to test what I get.

I am now currently taking a stab at p2pool with a portion of my machines, then I will try something next.

Thanks guys.

We can sit and argue the best pool all day long.

for a 500 soon to be 700 s-7 miner with all the gear in China

his money to be made or saved is in optimizing his setup.

1 s-7 controller runs 3 s-7's   by getting his longer cables from France as I linked before   he could take hundreds of controllers off line.

I simply ask would you want 700 controllers wired or 233?

or would you want 500 controllers wired or 167?

the controllers are worth money he has an opportunity to sell them or keep them as spare parts.

the longer  cables are cheap.  but  to get back to his question of best pool his gear is in china his net connection to f2pool  may be far more reliable then any other connection.

@ op ckpool is a solo mining pool with very low fees. you could solo mine at it and collect a block about every 30 hours with normal luck.

variance would mean long droughts maybe as long as 7 to 8 days  in your case.  it would also mean quick blocks.  I made 2 in under 3 hours with 500th on ck's pool

Hi CK, may I ask what type of farming method is ckpool?

I would much rather setup personal mining pool than using a public one, I moved a couple of S7's to my own p2pool yesterday, the results are ehhhh, and havent received one payout. I get two payouts/day with my current public PPS pool.

I gave the easiest answer, but here is a little more detail.

If you want good payouts, use kano.is as your extra hashrate will help smooth out the block solves, but it still won't be guaranteed daily payouts, though it will average to about that.
If you are happy to wear the variance for a bit more fluctuation through solo mining, use solo.ckpool.org or set up your own solo pool (I'd recommend against this unless you know what you're doing since there is very little chance you'll be able to optimise it as well as an experienced pool operator.)
If you want to use p2pool, you can, but there's a catch - with that many miners you'd need a very good setup to get good performance from it as p2pool's code doesn't scale to that many miners and it will be very inefficient. I've helped one or two people set up a ckpool based proxy in front of an optimised p2pool to make it scale, but at a cost. I charge for doing customised code for people. You can PM me if you're interested. The people I did this for in the long run seemed to find it easier to just work on a pool rather than have to maintain their own mining node like this.

useless (to use backup pool).
p2pool have 284 peers and ... so 284 servers with normal 8 connexions for rebondance of the sharechain.

you can not have offline (or delay) statut with p2pool, it's all.

OP, as much as I'd love to have that extra hash rate on p2pool, if I had that kind of setup, I would almost certainly spend the time to setup my own pool and mine to it as eleuthria (who certainly knows a thing or two about running pools) mentioned.  Of course, that also runs the risk of poor connections to the network and orphaned blocks, so considerably higher risk (losing the full block vs losing a few shares on p2pool).

Maybe see if -ck would be willing to work on something with you.  He might know a thing or two about mining and pools...

EDIT: I actually just saw -ck's reply above to use www.kano.is.

So let me get back to the basics of your original question.  PPS does not suffer the effects of variance.  You get paid for every share you submit.  The value of each share is calculated as the block reward divided by the network difficulty.  The big PPS pools (f2pool, AntPool) charge you a fee for PPS mining, 4% and 2.5% respectively.  Now, f2pool does give you alt coins (NMC, HUC, etc) to help offset the fee, so at the end of the day you probably end up making about 98% of expected earnings after everything is factored in.

PPLNS pools (like p2pool, www.kano.is, antpool) are very affected by luck and the luck swings can lead you to making considerably more or considerably less coin than expectations.  I actually have a very long running thread (which I need to update with the last month's data... will hopefully get to that tonight or tomorrow) showing actual earnings of an S3 on p2pool since about Christmas of last year.  You can clearly see from the graphs that there are ups and downs, but overall I have made more BTC than expected payouts for that hash rate.  If you go through the thread you can see there were weeks where p2pool found no or very few blocks and others where p2pool found more blocks than expected.  You can also see the effects of luck.  There was one week where even though p2pool had better luck than expected, I actually made less than expected because of how many shares I had on the chain when the blocks were found.  Anyway, if you want to take a look, that thread is here: https://bitcointalksearch.org/topic/nastypop-vs-standard-p2pool-891298.

On a more personal note, I don't support the behavior of either f2pool or AntPool.  They both perform SPV mining, have caused forks in the chain previously, and run shoddy software that produces empty blocks.

If I had that kind of hash rate, I'd be tempted to solo mine also  He was asking about p2pool though, so I tried to answer.

It would be nice to have that extra hash on p2pool as well of course - all helps towards decentralizing & taking the big, empty block producing Chinese pools out of the equation 

Except even running your own p2pool node will have issues with rejected/orphaned shares.  Running your own full node and solo mining at that speed is much better than p2pool.

Actually, I did already tell him that:


There are no fees with p2pool. They are decided by the node owner - & I doubt he/she will want to charge himself  It's also very easy to set up a p2pool node, no special skills are required & there are many p2pool miners who will help do this for free.

What nobody is telling you and very few know is that you are in fact losing money due to fees and variance if you mine on any pool, even p2pool, with your more than 2ph/s. You need to run your very own node (not a p2pool one, an actual node), then you will have no fees, much lower rejected shares and little latency.

If you want you can hire me to set node and take care of your many machines, having one or two machines is fine to leave all of them online and barely pay attention to them but having hundreds you will have tons of work with wiring, electricity, internet, cleaning, opening up machines, infrastructure, node, profitability etc.
PM me if interested