P2Poolv2
summary
P2Poolv2 builds a peer‑to‑peer mining pool that replaces operators with a DAG share chain that includes uncles to cut orphan loss and a full UTXO/script layer so share coinbases become hash-rate UTXOs that miners can sell. Bitcoin coinbase includes a fixed top‑N (≈20–50) payouts so on‑chain size stays constant; smaller miners trade their shares in a sliding maturity window (order of days to weeks) via atomic swaps or Lightning. Testnet runs four nodes; open questions: share pricing, market structure and resistance to concentrated‑buyer attacks.
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chapters (12)
- 0:00P2Pool v2 introduction
- 2:50Original P2Pool background
- 7:24P2Pool problems decline
- 10:58Orphan rates scaling fix
- 14:15Hash rate market concept
- 16:25Hash rate-backed claims trading
- 20:02Existing hash rate markets
- 21:27Share pricing market design
- 24:10Q&A: Payout mechanisms
- 27:30Q&A: Simulation cartel attacks
- 28:13Q&A: PPLNS dynamic payouts
- 30:00Q&A: Security future steps
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