We’re a big supporter of BitCoin, being a decentralized currency with low transaction fees and global reach.
We’re also a big supporter of decentralized mining pools, namely P2Pool which means hashing power is not locked into one pool therefore giving the pool operator power over the network or have them approach the dreaded 51% control over the hashing power.
For more information on the problems of centralizing BitCoin hashing power see the GHash.io issue and also the lead developer’s view of the problem. There’s also some suspicion that pools that offer 0% fees may hide earnings since the process isn’t transparent.
In the spirit of this, we’re hosting a P2Pool node at http://btc.bolehvpn.net:9332/ that is free of fees and is hosted in Singapore to service the SE Asian region.
Please note that P2Pool is only recommended for BitCoin ASIC miners and not GPU miners.
There are also some compatibility with issues with Antminer S2 (resolving it with BitMain).
To use it, put your username as your wallet address and your password can be anything (or for example “x”).
||Anything example x
To increase efficiency you may consider locking the pool difficulty by specifying it in your username as follows for example:
WalletAddress/256+256 would give a locked pool difficulty of 256.
Some Recommended Pool Difficulties for common ASIC miners:
- Antminer S3 (441 gh): 256
- Antminer S1 (180 gh): 128
- Dragon A1 miner (1000 gh): 512