Please can someone tell me if p2pool are more profitable than mining pools, and exactly why? I'm thinking of switching to p2pool but I'm a little scared ...
Personally i have no idea, but im sure someone else here can help you
Based on my experience, they aren't. (less blocks because there are less users and large number of orphans/deads and apparently the smaller your hasrate the larger the orphan rate...)
people are talking a lot of it, but no one explain why...
This was discussed earlier in the thread, but basically:
- No or lower fees (= ~1% higher payout, all else being equal).
- No need to trust the pool with your coins, or give away any personal info, if that's a concern.
- Potentially higher payouts overall because of rewards, but this depends on your reject rate and latency to the node.
- Need to keep your rejects low and find the most efficient node for you; if you do, it's profitable even with low hashrates.
- Payouts will continue for a LONG time after you stop mining. Like, days. Remember this when calculating the payout relative to pools.
See
http://www.reddit.com/r/dogemining/comments/1uncvb/the_benefits_of_mining_using_p2pool_betterI've been mining EXE P2P for a while with a relatively measly 400 KH/s and have had good success. If you only plan to mine for a few hours at a time then stick with a pool, since the PPLNS of P2P won't catch up with you in such a short time. If you plan to mine for 24HRs+, then give P2P a shot, IF you can keep rejects in the 5% range--make sure to include something like:
--expiry 1 --scan-time 1 --queue 0