Vertcoin P2Pool FAQ - posted in the vertcoin community

Quark hashrate

I believe in Quark due to the increased security and fast transaction times but the worry I always have with the coin is the dropping hashrate caused by the low block reward combined with zero transaction fees. See http://bitinfocharts.com/comparison/hashrate-qrk.html which shows a steady decrease now most of the mining is over. There is an interesting post on the bitcoin subreddit http://redd.it/22aw8c showing the dangers for altcoins with low hashrates. I'm not sure how quark would be safe from these attacks if it rose in price and popularity again to make these attacks financially worthwhile. I know we now have mining in the wallet but even maxing out an ivy bridge I7 for a few days I couldn't get any. Maybe if the client automatically connected to the nearest p2pool it would produce a few coins a day but would this get a big enough hashrate to protect the coin? The only solutions I can think of would need a hard fork, either an increase in the block reward or turning into a hybrid POS/POW coin. Ideally both to provide the max benefit with minimum forks. Most people would class 2% inflation as low in the fiat world so there is plenty of scope to increase it in Quark. Especially if we're aiming for a fast secure means of paying for stuff rather than a long term savings coin. I'm guessing that merged mining wouldn't be an option due to the difficulty of finding suitable coins to merge mine with that are big enough to make a difference. I'm hoping the devs are looking into these dangers as on the internet there will be a few people with the computing power to trash alt-coins if they can make money out of it and they won't care about the work that's gone into the coin. Sorry if this post comes across as negative but as I'm in the IT security business I'm the sort of person who looks into the worst case scenarios, how likely they are and how to avoid them.
submitted by fiatpete to QuarkCoin [link] [comments]

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The way p2pool pays-out is as follows: The pool sets a minimum "share" difficulty based how much hashrate is currently mining on the entire pool-network. This minimum "share" difficulty is what one of your accepted work hashes has to be in order for you to qualify for payout. P2Pool is a distributed bitcoin mining pool. With p2pool, each miner runs a p2pool node and these nodes form a peer to peer network amongst themselves similar to how bitcoin, itself, does. With over 1,700 commits and support from the Bitcoin Foundation and the Litecoin project, P2Pool represents an outstanding alternative to centralized mining pools. 8. The Third Largest Mining Pool: ViaBTC. ViaBTC is a China-based company that controls 13% of the total hashing power of Bitcoin. It offers three payment methods: PPS+, PPLNS, and SOLO. They have a minimum payout of 0.001 Bitcoin, and mining fees and payouts scale between currencies. There is a 0 minimum payment if using a Bixin or Mixin wallet. Upon request, users may make manual withdrawals. Poolin’s Fees. Bitcoin: 4% FPPS (Full Pay per share) Bitcoin Cash: 4% FPPS. Bitcoin SV: 4% PPLNS (Pay per last n shares) F2Pool is a geographically distributed mining pool, helping miners all over the globe secure Bitcoin and 40+ Proof–of–Work networks since 2013.

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