P2Pool vs Normal Pool - Which one better ? - page 2.

newIndia

legendary

Activity: 2198

Merit: 1049

Quote from: ranochigo on June 22, 2014, 07:10:46 AM

Quote from: newIndia on June 22, 2014, 07:09:35 AM

Quote from: ranochigo on June 22, 2014, 07:06:53 AM

Quote from: newIndia on June 22, 2014, 06:37:49 AM

Quote from: ranochigo on June 22, 2014, 03:37:25 AM

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

So, unless a P2Pool owner has his own mining equipment, he's not gonna profit from this ...right ? Because, like a normal pool owner, he cant charge ...is not it ?

Unless you impose a fee and people are still interested to join it which is unlikely.

Is it possible at all to impose a fee on mining payout for a P2Pool ?

ranochigo

legendary

Activity: 2954

Merit: 4158

Quote from: newIndia on June 22, 2014, 07:09:35 AM

Quote from: ranochigo on June 22, 2014, 07:06:53 AM

Quote from: newIndia on June 22, 2014, 06:37:49 AM

Quote from: ranochigo on June 22, 2014, 03:37:25 AM

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

So, unless a P2Pool owner has his own mining equipment, he's not gonna profit from this ...right ? Because, like a normal pool owner, he cant charge ...is not it ?

Unless you impose a fee and people are still interested to join it which is unlikely.

newIndia

legendary

Activity: 2198

Merit: 1049

Quote from: ranochigo on June 22, 2014, 07:06:53 AM

Quote from: newIndia on June 22, 2014, 06:37:49 AM

Quote from: ranochigo on June 22, 2014, 03:37:25 AM

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

So, unless a P2Pool owner has his own mining equipment, he's not gonna profit from this ...right ? Because, like a normal pool owner, he cant charge ...is not it ?

ranochigo

legendary

Activity: 2954

Merit: 4158

Quote from: newIndia on June 22, 2014, 06:37:49 AM

Quote from: ranochigo on June 22, 2014, 03:37:25 AM

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

Some of them run it for free for others. Some people set up their own nodes and mine it on their own node as it have less latency and traffic.

newIndia

legendary

Activity: 2198

Merit: 1049

Quote from: ranochigo on June 22, 2014, 03:37:25 AM

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Is there any reward for the P2Pool owner ?

ranochigo

legendary

Activity: 2954

Merit: 4158

If you are talking about the rewards, give it at least 6 months, both of them will have more or less the same payout for the last 6 months. Most normal pools have fees which can result in p2pool having more payout. They also have email notifications which alerts the user if the hashrate falls below X.

Chemistry1988

legendary

Activity: 1120

Merit: 1000

Quote from: BitCoinDream on June 21, 2014, 01:57:56 PM

Whatever u have said are the advantages of the network. What advantage does a miner get by joining the a P2Pool over a normal pool ?

I don't see any direct personal gain from using p2pool, but I believe everyone involved in bitcoin (miners, traders, merchants, and even faucet lovers) want bitcoin to be successful and want to see the price going up.
While the major pools may not have any bad intentions at all, it is never a good idea to have the mining world overly-centralized, and it will negatively affect the confidence in bitcoin and hence the merchant acceptance, adoption rate and price.

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

Quote from: Gimmelfarb on June 21, 2014, 01:34:54 PM

Quote from: BitCoinDream on June 21, 2014, 01:08:08 PM

Quote from: Harley997 on June 21, 2014, 01:35:43 AM

Quote from: rarkenin on June 18, 2014, 04:25:33 PM

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

Many P2P nodes do not offer merged mining, while Ghash does. NMC merged mining can add ~1% to your return

I'd like to know the bitcoin mining specific advantage

it's decentralized. it helps to reduce the 51% (and under) threat. anything that chips away at mining centralization helps. i do understand the economic incentive for miners to pursue ways to merge mine, though.

Whatever u have said are the advantages of the network. What advantage does a miner get by joining the a P2Pool over a normal pool ?

Gimmelfarb

hero member

Activity: 658

Merit: 500

Quote from: BitCoinDream on June 21, 2014, 01:08:08 PM

Quote from: Harley997 on June 21, 2014, 01:35:43 AM

Quote from: rarkenin on June 18, 2014, 04:25:33 PM

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

Many P2P nodes do not offer merged mining, while Ghash does. NMC merged mining can add ~1% to your return

I'd like to know the bitcoin mining specific advantage

it's decentralized. it helps to reduce the 51% (and under) threat. anything that chips away at mining centralization helps. i do understand the economic incentive for miners to pursue ways to merge mine, though.

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

Quote from: Harley997 on June 21, 2014, 01:35:43 AM

Quote from: rarkenin on June 18, 2014, 04:25:33 PM

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

Many P2P nodes do not offer merged mining, while Ghash does. NMC merged mining can add ~1% to your return

I'd like to know the bitcoin mining specific advantage

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: rarkenin on June 18, 2014, 04:25:33 PM

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

Many P2P nodes do not offer merged mining, while Ghash does. NMC merged mining can add ~1% to your return

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

Quote from: single-mom on June 19, 2014, 04:17:47 AM

P2P is currently only for large miners.

Why do u think so ? What advantage a small miner gets at a normal pool ?

single-mom

newbie

Activity: 7

Merit: 0

P2P is currently only for large miners.

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

Quote from: rarkenin on June 18, 2014, 04:25:33 PM

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

That is the advantage of the network. I'm asking which one is beneficial as a miner and why ?

p.s. I understand, as a pool owner, a normal pool is beneficial as pool owner may have commission from payment, which is not possible on a P2Pool. Please correct me if I'm wrong.

Rapido

newbie

Activity: 28

Merit: 0

so is 51% a viable threat or very unlikely to happen? Huh

rarkenin

hero member

Activity: 784

Merit: 500

No, in fact there is an advantage, as soon as everything is set up and working. Mining at ghash.io increases their power, which in result allows them to perform a 51% attack more easily if they wanted to. By mining on p2pool, you do not help facilitate centralization of mining power.

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

Is there any drawback of P2Pool over Normal Pool mining with 0% fee, e.g. at GHash.IO ?

Topic: P2Pool vs Normal Pool - Which one better ? - page 2. (Read 1846 times)