Ye what the heck why not. Saves us fees after all and they can go to reinvestments. Got my vote too if there is one!
Ghash.io has no fees. It's not the point in fees, but giving the best to keep the Network decentralised. 
Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 82. (Read 565833 times)
Ye what the heck why not. Saves us fees after all and they can go to reinvestments. Got my vote too if there is one!
PETAMINE -> P2P POOL PLEASE
Can cryptx make a p2p pool with PETA mines support and make more money from that + save on pool fee.
And the money earned to go towards reinvestment.
And the money earned to go towards reinvestment.
P2Pool really needs a large miner like PETA to legitimize it. I'd be behind this 100%, you can count my % of this project as in favor for the move.
Well pointed out - about the good press for peta, now when everybody looking how ghash.io is growing, and that a bigger miner like peta joining the p2pool could make even more miners use it.
+1
A lot of people want to help solve the "51% problem," but don't know how. /r/bitcoin is going crazy over this right now. If PETA was able to move to p2pool and get some positive press, a lot of people would move funds in to simply bring down the network share that central pools have. This could be a big selling point, even if we only moved a portion of the miners over.
Well pointed out - about the good press for peta, now when everybody looking how ghash.io is growing, and that a bigger miner like peta joining the p2pool could make even more miners use it.
That would be quite an upgrade for P2Pool, since right now they have about 500TH/s total.
But really... this could be a lot of good press for PETAMINE. If there are no big drawbacks to using P2Pool we should seriously consider it. This could also make more miners use P2Pool and thus lower the variance even further for everyone. I don't know what the risks involved are and if it's manageable by cryptx, but it should be discussed.
But really... this could be a lot of good press for PETAMINE. If there are no big drawbacks to using P2Pool we should seriously consider it. This could also make more miners use P2Pool and thus lower the variance even further for everyone. I don't know what the risks involved are and if it's manageable by cryptx, but it should be discussed.
Do we know for sure which pool they are using?
Yes they are using ghash.io, previously used to be eligius. I think we still keep a rig over there for kicking over out prior payouts. If that makes any sense at all
Well thats kind shitty then, really should move to P2Pool
Thanks for the responses was curious since Asicminer solomined their blocks for ages before their hashrate went down so was curious if the Petamine would mine at a similar rate.
Anyways I guess to avoid a 50% attack moving to another large pool is a viable option as well
https://blockchain.info/pools?timespan=24hrs
Anyways I guess to avoid a 50% attack moving to another large pool is a viable option as well
https://blockchain.info/pools?timespan=24hrs
Ghash.io stated quite some time ago that they will never allow themselves to reach 51% of the network so there is no threat there. They did mention being able to spread the miners onto other pools/servers etc if it ever got to that stage
While their intentions may be good, you shouldn't have to trust ghash.io. The only thing you should have to trust in bitcoin is mathematics.
I'm not up to date on the topic, but would p2pool be an alternative? What are the disadvantages compared to ghash (aside from the higher variance)? Could this attract more buyers / good press during a future PO?
edit: Maybe there's really demand here... http://www.reddit.com/r/Bitcoin/comments/27lryc/cexio_needs_compitition_that_runs_on_p2pool/
I called for a move to p2pool very early on, I then got "attacked" by people saying that it wasn't important at the moment.
Peta could easily run a p2pool node and merge mine all the supported coins. We would be more profitable on p2pool because of the way its designed. It is more efficient than regular mining. All shares worked on go towards the next block, rather than all shares in a 10minute window and then you have to restart.
https://bitcointalksearch.org/topic/1500-th-p2pool-decentralized-dos-resistant-hop-proof-pool-18313
Definitely holdin my few shares.
My guess for next week's dividend: 0.00203583
My guess for next week's dividend: 0.00203583
I'm gonna be optimistic and guess 0.00214110
Thanks for the responses was curious since Asicminer solomined their blocks for ages before their hashrate went down so was curious if the Petamine would mine at a similar rate.
Anyways I guess to avoid a 50% attack moving to another large pool is a viable option as well
https://blockchain.info/pools?timespan=24hrs
Anyways I guess to avoid a 50% attack moving to another large pool is a viable option as well
https://blockchain.info/pools?timespan=24hrs
Ghash.io stated quite some time ago that they will never allow themselves to reach 51% of the network so there is no threat there. They did mention being able to spread the miners onto other pools/servers etc if it ever got to that stage
While their intentions may be good, you shouldn't have to trust ghash.io. The only thing you should have to trust in bitcoin is mathematics.
I'm not up to date on the topic, but would p2pool be an alternative? What are the disadvantages compared to ghash (aside from the higher variance)? Could this attract more buyers / good press during a future PO?
edit: Maybe there's really demand here... http://www.reddit.com/r/Bitcoin/comments/27lryc/cexio_needs_compitition_that_runs_on_p2pool/
Do we know for sure which pool they are using?
Yes they are using ghash.io, previously used to be eligius. I think we still keep a rig over there for kicking over out prior payouts. If that makes any sense at all
Do we know for sure which pool they are using?
Thanks for the responses was curious since Asicminer solomined their blocks for ages before their hashrate went down so was curious if the Petamine would mine at a similar rate.
Anyways I guess to avoid a 50% attack moving to another large pool is a viable option as well
https://blockchain.info/pools?timespan=24hrs
Anyways I guess to avoid a 50% attack moving to another large pool is a viable option as well
https://blockchain.info/pools?timespan=24hrs
Ghash.io stated quite some time ago that they will never allow themselves to reach 51% of the network so there is no threat there. They did mention being able to spread the miners onto other pools/servers etc if it ever got to that stage
Thanks for the responses was curious since Asicminer solomined their blocks for ages before their hashrate went down so was curious if the Petamine would mine at a similar rate.
Anyways I guess to avoid a 50% attack moving to another large pool is a viable option as well
https://blockchain.info/pools?timespan=24hrs
Anyways I guess to avoid a 50% attack moving to another large pool is a viable option as well
https://blockchain.info/pools?timespan=24hrs
Just as a curiosity but how much mining power do you need now to solomine successfully without using an intermediary.
I believe for the meantime we are quite capable of successfully solo mining as opposed to mining via ghash pool. That is my opinion anyway. However I think cryptx chose against solo mining as the outcome is actually less predictable that way
In theory you can alway solo mine, as it averages out to the same result. As you pointed out, there would be a higher variance in the dividends. With 1.5% of the network it probably averages out fast enough to be an option. But there's no real benefit here. On the other hand you'd be your own pool admin now, which means you'd have a whole new set of responsibilities. You need good and stable pool software, you need to setup merged mining, you need a very good internet connection, etc... Just not worth the trouble.
I agree and I'm not complaining one bit, I like knowing what is coming other that relying on pure luck to solo mine a set number of blocks for the week. I'm sure running a pool and merged mining has its own responsibilities. There's other more important issues cryptx can focus on instead
Just as a curiosity but how much mining power do you need now to solomine successfully without using an intermediary.
I believe for the meantime we are quite capable of successfully solo mining as opposed to mining via ghash pool. That is my opinion anyway. However I think cryptx chose against solo mining as the outcome is actually less predictable that way
In theory you can alway solo mine, as it averages out to the same result. As you pointed out, there would be a higher variance in the dividends. With 1.5% of the network it probably averages out fast enough to be an option. But there's no real benefit here. On the other hand you'd be your own pool admin now, which means you'd have a whole new set of responsibilities. You need good and stable pool software, you need to setup merged mining, you need a very good internet connection, etc... Just not worth the trouble.
Just as a curiosity but how much mining power do you need now to solomine successfully without using an intermediary.
I believe for the meantime we are quite capable of successfully solo mining as opposed to mining via ghash pool. That is my opinion anyway. However I think cryptx chose against solo mining as the outcome is actually less predictable that way
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