Switched to p2pool for 30 hours, got >30% less than through regular pool.
Mined with 16Mh power...
Added +0.018288639 to the end of username
Got 70 VTC
Am I doing something wrong?
Hi.
I don't think you are doing anything wrong. The thing is, as far as I understand it, P2Pool's payouts are sometimes more delayed. I use P2Pool and believe me, I don't want anything else. I'll suggest that you do the math so you can know how much coins you should receive (In case of VTC the math is hashrate power/current difficulty). If you're receiving the correct amount of coins per day, everything is good and you shouldn't be worried.
mega
I noticed that some of my rigs show 80% rejection rate... What's strange is that identical rigs with same hardware and miner settings show 5% rejection...
Do I need to change settings for p2pool mining?
Thanks.
That 80% reject rate is probably the big reason why earnings fell short of expectations.
I've been mining p2pool for a few days now with my 4.5Mh. I mined 32 coins yesterday and 30 so far today.
I must say I tried 2 or 3 different nodes before I found one that consistently yielded <5% rejects. Strangely the one I settled on was neither geographically closest or the absolute lowest latency. I live in the UK and my node is in the Netherlands.
Reasons to persevere with p2pool:
1. Bigger pool = lowest variance.
2. Average reject rate for the pool floats around the 15% mark. So if you can keep your reject rate well below this, you stand to gain a slighly larger share than your hashrate would otherwise warrant.
3. 0.25VTC block finder bonus and transaction fees also sweeten the pot. Not to mention the fact that you can typically expect to pay 0.5% fee to the node. The node i use is actually 0%.
Compares favouably to some traditional pools that charge 2%.
4. Payouts direct to your wallet every time a block gets found. No risk of losing coins if your pool account gets hacked.
5. No downtime. If you list more than one node in your .conf file, downtime will be a thing of the past. Don't even need a backup pool.
6. Of course the above reasons are just the selfish, short sighted reasons. The bigger and better reason to use p2p is to secure the network.
All of the above add up to making p2pool mining pretty much a no brainer for me. Even though the price and difficulty have consprired to make VTC much less profitable to mine lately, I would only jump ship if there was a significantly more profitable coin to mine (I'm talking multiples higher.)
