'Standard' pool v's P2Pool
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What are the advantages / disadvantages of using a ‘standard’ pool (eg wemineftc.com) over a P2Pool?
Had a look at settign upa P2Pool and that was way over my head, so won’t be starting one fo those up … but was just wanting ot see what the ‘big deal’ is with them.
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I’m running a p2pool (ftcpool.nl) mainly because its fun and educational.
Besides that it really looks like if there’s more coins to earn with p2pool…Got this from coinaxis.com
P2Pool pros:
Decentralized
Less prone to attack
DDoS resistant
Hop proof
Zero pool fees
Control over your earnings
No counter party risk (If pool shutdown, or stole coins)
Healthier for the bitcoin & litecoin network
Can invite friends to join your pool
P2Pool cons:Difficult to setup
Higher variance
Not asic friendly (this is getting better)
Central pool pros:Easy to configure
Save mining earnings for higher lump sum payouts
Asic friendly
Central pool cons:Centralized
Prone to DDoS attack
Counter party risk - Pool may shutdown, get hacked, or steal your coins