• P2Pools

    Crypto-Currency Mining Pool

WHAT IS P2POOL?

P2Pool is a decentralized mining pool implementation that provides mining operators with a secure, flexible and highly customizable mining platform. The P2Pool network is made up of interconnected nodes - each node representing a mining operator who is running the p2pool software. Collectively, nodes are connected in a peer-to-peer network arrangement, much like the Bitcoin network itself. There is no hierarchy of greater or lesser nodes, and network state information is shared between nodes. Because blocks are effectively being mined on different nodes across the network, the P2Pool network is said to be "decentralized". Decentralization a Good Thing for cryptocurrency networks because it enhances security and promotes wider distribution. A P2Pool node provides connected miners with low difficulty work. Upon completion of each portion of work, the miner is awarded a pool share. Shares are communicated among P2Pool nodes and assembled into a sharechain - just like the Bitcoin network assembles blocks into the blockchain. Once the pool finds a block, all contributors are paid directly, according to their shareholding as reflected in the sharechain. Payment is issued by the sharechain and without third party involvement. The notion of 'shares' informs all P2Pool mining production and payment. P2Pool enables all connected miner nodes to combine their hash rates and collectively work on creating a transaction block. Each node earns mining shares according to their percentage contribution. Once the mining pool successfully solves a block, each contributing miner is paid their share of the total block reward and associated transaction fees. P2Pool implements a PPLNS reward system and payment always goes directly to a miner's wallet - not into a central fund or holding account. Because of this transparency and equitability, P2Pool can, therefore, offer node operators immunity to the theft and corruption that clouds centralized pools. Let us help you to create professional websites

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