Audience
Anyone seeking for a decentralized Bitcoin mining pool
About P2Pool
P2Pool is a decentralized Bitcoin mining pool that works by creating a peer-to-peer network of miner nodes. As opposed to usual pools, P2Pool helps to secure Bitcoin against double-spending and 51% attacks. P2Pool's initial setup requires a little more effort but provides equivalent payouts with a higher variance and no need for trust in a pool operator. Due to SegWit already activating upgraded users of P2Pool must not mine SegWit transactions as they are incompatible with older P2Pool versions. After v17 shares activate a new release will be made which removes this restriction. Within a few minutes, it should start showing sections like this (notice the pool hashrate - Pool: 115TH/s - is now shown), indicating that the sharechain has finished downloading. As you can see from the timestamps, here it took about one and a half minutes. It will vary depending on your CPU speed and Internet bandwidth.