Re: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool
I'm not sure, but why don't we raise funds for the development team that can do this (maybe it's a bad idea).
I think we should act more active rather than passively wait for volunteers.
I think we should act more active rather than passively wait for volunteers.
This has also been discussed many times in the past, but finding a coder willing to step up (huge task) as well as people who are willing to donate has proven impossible unfortunately. I've read through this thread many times & it seems some users think that either there is no need for development because it's perfect already, or that it is some kind of crime to even think about it - so nothing happens & miners go elsewhere.
**waits for torrent of abuse**
I'm not sure this is the case.
There are qualified developers who I have spoken with that are willing to work on P2Pool, and Forrest is still around, if there was a viable proposed solution I would certainly contribute.
The real problem is solving P2Pool's scaleability challenges, and they are hard problems to solve that require inventing a solution.
I've been waiting for almost 2 years to bump my head in the shower and come up with it, but not there yet
If 100 PH/s was pointed to P2Pool today most (if not all) of the existing miners would see a huge spike in variance, and a large reduction in payout.
Share difficulty would skyrocket, and keeping a share on the chain would become very difficult for most of us.
The share chain has a finite amount of space and there is a threshold to prevent dust payments that would not even constitute a transaction fee.
You can only split the 25BTC reward so many ways in a decentralized trust-less environment, and smaller miners will always get squeezed out.
I believe that the solution may lie with sidechains and micro payments where a miner could accrue shares in some type of trust-less sidechain that would be paid out in BTC once a given threshold amount is reached.
This would allow us to increase the size of the share-chain while eliminating dust payouts from the generation transaction.
This technology does not yet exist, but perhaps we are getting closer....