P2pool Servers

Our own p2pools located in U.S. You can find mining instructions at the bottom of pool dashboards.

For Globalboost-Y (BSTY)

http://bsty.coinminers.net:7225

What is P2Pool?

P2Pool

Trading name	P2Pool
Industry	Mining pool
Founded	July 17, 2011
Website	http://p2pool.in

Visualization of the P2Pool share chain

P2Pool is a decentralized Bitcoin mining pool that works by creating a peer-to-peer network of miner nodes.

P2Pool creates a new block chain in which the difficulty is adjusted so a new block is found every 30 seconds. The blocks that get into the P2Pool block chain (called the "share chain") are the same blocks that would get into the Bitcoin block chain, only they have a lower difficulty target. Whenever a peer announces a new share found (new block in the P2Pool block chain), it is received by the other peers, and the other peers verify that this block contains payouts for all the previous miners who found a share (and announced it) that made it into the P2Pool share chain. This continues until some peer finds a block that has a difficulty that meets the Bitcoin network's difficulty target. This peer announces this block to the Bitcoin network and miners who have submitted shares for this block are paid in the generation transaction, proportionally to how many shares they have found in the last while. - Unknown author

Decentralized payout pooling solves the problem of centralized mining pools degrading the decentralization of Bitcoin and avoids the risk of hard to detect theft by pool operators.

Miners are configured to connect to a P2Pool node that can be run locally, alongside the miner. P2Pool users must run a full Bitcoin node which serves the purpose of independently validating transactions and the Bitcoin blockchain. P2Pool also supports merged mining and several alternative blockchains.

P2Pool nodes work on a chain of shares similar to Bitcoin's blockchain. Each node works on a block that includes payouts to the previous shares' owners and the node itself, which can also result in a share if it meets P2Pool's difficulty.

Because of the importance of strengthening Bitcoin's decentralization, some Bitcoin supporters donate to P2Pool miners, resulting in average returns above 100% of the expected reward. However, it should be noted that there are other pools (such as BitPenny and Eligius) which can provide this same level of decentralization.