What I love about P2pool are:
1. It is decentralized
2. It is democratic
3. It perfectly complements bitcoin
4. You do not need to worry about whether a mining pool is stealing.
5. The best of all, no fee to pay to the pool and you got to keep the transaction fees as well.
What do you love about P2pool?
how is it decentralized and democratic?
how does it complement bitcoin?
what pools steal?
there is a 1% fee that goes to forresst so how is that 'no fee'
- It is decentralized as it consists of multiple miners connected in a p2p fashion. Thus making it democratic as well.
- If bitcoin verification is decentralized but mining is centralized, the whole system stands on a shaky ground. With p2pool like mining system, there no one point failure for bitcoin generation.
- I don't know if any pools steal. But I was talking about forum posts like
https://bitcointalk.org/index.php?topic=60706.0.
- I am not sure where you got the idea of 1% fee in p2pool. But if you check the coinbase transactions in p2pool mined block, you can look for yourself that it is not so.