Can anyone translate this to English?
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PPNLS
https://bitcointalk.org/index.php?topic=39832.5
I understand it discourages pool hopping, however, I don’t quite get the difference between P2Pool (I’m using NutNut’s) and Stratum.
I’m willing to do the reading, just point me in the right direction please. Dummies guide type deal. ;)
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[url=https://ftc.d2.cc/information.php]https://ftc.d2.cc/information.php[/url]
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Epic explanation that cleared up some of the witchcraft for me too. Thanks d2!
I think the simplest rule of thumb is, if you’re mining 24/7 it doesn’t really matter what system you use to mine on. If you are a stop/start miner the PPS (Pay-Per-Share) is your friend.
The biggest difference between p2pools PPLNS and mmcfe’s (the standard pool) PPLNS is that with a p2pool system, once you up are up to speed, as you are identified via your payment address, there is no 1000000 share waiting time if you swap pools. Also with p2pool the coins are mined to your wallet so they show as “Mined” rather than waiting for an auto payout from mmcfe pool. This means there’s no mmcfe to go belly up and “forget” to pay you (had this a number of times with a few shady pools).
The drawbacks of p2pool are that you have to wait for 120 confirms before you can spend your coins where as an mmcfe pool may payout after 20/30 confirms. Also there is the “dust” which is the transaction costs involved in many small payment transactions into your wallet and then you try to send again… you can end up with 1ftc fees! However if you are keeping them for a while that fee disappears and becomes irrelevant.
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[quote name=“Nutnut” post=“16255” timestamp=“1371584542”]
Epic explanation that cleared up some of the witchcraft for me too. Thanks d2!I think the simplest rule of thumb is, if you’re mining 24/7 it doesn’t really matter what system you use to mine on. If you are a stop/start miner the PPS (Pay-Per-Share) is your friend.
The biggest difference between p2pools PPLNS and mmcfe’s (the standard pool) PPLNS is that with a p2pool system, once you up are up to speed, as you are identified via your payment address, there is no 1000000 share waiting time if you swap pools. Also with p2pool the coins are mined to your wallet so they show as “Mined” rather than waiting for an auto payout from mmcfe pool. This means there’s no mmcfe to go belly up and “forget” to pay you (had this a number of times with a few shady pools).
The drawbacks of p2pool are that you have to wait for 120 confirms before you can spend your coins where as an mmcfe pool may payout after 20/30 confirms. Also there is the “dust” which is the transaction costs involved in many small payment transactions into your wallet and then you try to send again… you can end up with 1ftc fees! However if you are keeping them for a while that fee disappears and becomes irrelevant.
[/quote]That is correct, although to go off-topic, and argue a bit, PPLNS doesn’t pay less for a start and stop miner, it just has a much greater variance, sometimes, it pays more, other-times, less.
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[quote name=“thep33t” post=“16257” timestamp=“1371584992”]
[quote author=Nutnut link=topic=2001.msg16255#msg16255 date=1371584542]
Epic explanation that cleared up some of the witchcraft for me too. Thanks d2!I think the simplest rule of thumb is, if you’re mining 24/7 it doesn’t really matter what system you use to mine on. If you are a stop/start miner the PPS (Pay-Per-Share) is your friend.
The biggest difference between p2pools PPLNS and mmcfe’s (the standard pool) PPLNS is that with a p2pool system, once you up are up to speed, as you are identified via your payment address, there is no 1000000 share waiting time if you swap pools. Also with p2pool the coins are mined to your wallet so they show as “Mined” rather than waiting for an auto payout from mmcfe pool. This means there’s no mmcfe to go belly up and “forget” to pay you (had this a number of times with a few shady pools).
The drawbacks of p2pool are that you have to wait for 120 confirms before you can spend your coins where as an mmcfe pool may payout after 20/30 confirms. Also there is the “dust” which is the transaction costs involved in many small payment transactions into your wallet and then you try to send again… you can end up with 1ftc fees! However if you are keeping them for a while that fee disappears and becomes irrelevant.
[/quote]That is correct, although to go off-topic, and argue a bit, PPLNS doesn’t pay less for a start and stop miner, it just has a much greater variance, sometimes, it pays more, other-times, less.
[/quote]Is the more/less related to stop/starting around the time of a diff increase/decrease?
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no, it has to do with pool luck.
With PPS, it doesnt matter how often the pool finds a share, you get paid, although in the long run, it should be net equal (minus fees) or one of the two parties is getting screwed.
With PPLNS, a payout goes back 20k shares. So if you have shares in there, and the pool is lucky (finds more shares than it should based on hashrate), you will get paid more than the PPS equivalent (Think of the times pools find 2-3 blocks in succession). However, if the pool is on an unlucky streak, you can just as easily not get paid for some shares, or have them count for less than their intended number of blocks, thus giving you less payout than compared to PPS. Again, in the long run, minus fees, it should be net equal.
Difficulty increases/decreases can play a small part as well, I guess.