Mine on p2pool.
P2Pool seems like a good solution from what I understand. Yet according to blockchain.info, it accounts for only 2% of mining power. Can someone familiar with P2Pool vs other pools explain why it's not more popular? Is there something that could be done to help it grow?
The variance in payouts is pretty big since each share has a larger difficulty than shares of other pools.
Also p2pool has a 1% fee or something, I think other large pools can afford to take no fee at all.
It shouldn't matter in the long run. I guess miners don't know or don't care as long as the btc keeps coming in.
People can donate to p2pool which adds to the rewards miners get. If enough people do it publicly it might convince miners to switch.
Instead of relying on people doing something "smart" and supporting a solution like P2Pool, is there some way the concept behind P2Pool could be built in to the Bitcoin protocol itself, disallowing any mining that doesn't happen in a decentralized way? In my opinion, the solution needs to be built in to Bitcoin at a fundamental level.