“I think P2Pool makes mining fun again.” -gmaxwell, Bitcoin Core Developer.
P2Pool is a decentralized Crypto mining pool that works by creating a peer-to-peer network of miner nodes.
As opposed to usual pools, P2Pool helps to secure against double-spending and 51% attacks.
P2Pool provides equivalent automatic payouts (PPLNS) with a higher variance and no need for trust in a pool operator.
Miners will get the mining reward + TX fee incoming = recently more profit…
Trust-less Payments: P2Pool pays you immediately every time a block is found, we never touch your Coins.
|Content||Length of chain||Expected time||Difficulty adjustment|
|Bitcoin blockchain||Bitcoin transactions||Complete; all blocks||10 Minutes||Every 2,016 blocks|
|P2Pool sharechain||Miner rewards||8,640 Shares||30 Seconds||Dynamic|
How to use:
Just connect your Asic miners or Nicehash-power to: poolmining.net:port of the pool you want to mine to.
Nodelocation: Europe, Germany, Berlin
Use your wallet address that fits to the coin you want to mine as your username. (do not use a shorttime transfer address)
All payouts (including TX income) are immediatly done by the worldwide p2pool system (PPLNS) when a block is found.
No matter when the Node restarts and the share counter resets to zero.
Your accepted shares are all stored safe in the global sharechain of P2Pool and will be paid when a block is found.
If you do not want to buy expensive miners including a lot of power costs, simply rent hashing power:
When using nicehash with p2pool, sometimes you need to change the difficulty.
Use the pool testing tool at nicehash and add the needed diff with a + to your address, just like (SHA256):
One of the best and safest exchanges for cryptocurrencies to EUR is Coinbase:
The coinbase wallets are working with the p2pool system, its the shortest and cheapest way to change your coins direct into Fiat money.
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