00:57:21 <michael0x18[m]> Greetings
00:57:58 <michael0x18[m]> If the p2pool console shows 0% effort, is that an indication that there's something wrong with one's setup?
00:58:03 <michael0x18[m]> (0% current effort)
01:14:09 <merope> It just means that you have found no shares yet
01:15:02 <michael0x18[m]> Current effort is 0
01:15:04 <merope> (Or that you have found one with less than 1% effort, which would be extremely lucky)
01:15:13 <michael0x18[m]> And yeah, that's a problem
01:15:27 <michael0x18[m]> because I switched to xmrig instead of using start_mining and now I'm seeing it increase slowly
06:22:34 <sech1> michael0x18 you need to set custom difficulty to xmrig so it would submit shares more often and p2pool could update effort % with every share
06:22:47 <sech1> "-u x+100000" in xmrig command line
08:45:32 <hyc> Nvidia 144 core ARM chip https://www.theregister.com/2022/03/22/nvidia_reveals_epyccrushing_144core_grace/
10:18:46 <Guest5563> hello
10:19:00 <Guest5563> what xmrig -u x+100000 means exactly
10:22:19 <Guest5563> i have more job accepted but not payed yet
10:26:05 <hyc> it just tells xmrig to target a lower difficulty than the true network difficulty
10:26:27 <hyc> it will submit results more often to the pool, which lets the pool make a better estimate of miner speed
10:31:39 <Guest5563> after this results http://paste.debian.net/1235307/  is better for me to target a much lower difficulty for having more results to the pool?
10:32:07 <hyc> no.
10:32:55 <Guest5563> effort must be < 100% to be payed ?
10:33:01 <hyc> you can aim for about 30 seconds per result. that's all.
10:33:05 <hyc> no.
10:33:26 <hyc> effort has nothing to do with deciding whether you will get paid.
10:34:09 <Guest5563> how is decided when i'll get payed
10:34:26 <hyc> when you hit a result that matches the true pool difficulty
10:35:42 <hyc> the results you generate that are lower than the true difficulty are meaningless
10:35:44 <Guest5563> with 4700 h/s what this means daily
10:35:58 <Guest5563> average
10:36:01 <hyc> the only point to sending more results is so the pool can estimate your hashrate
10:36:39 <hyc> use a mining calculator, that's what they're for
10:37:13 <Guest5563> some good link?
10:37:52 <hyc> google.com
10:38:06 <moneromooo> duckduckgo.com better
10:38:24 <Guest5563> ok
10:38:32 <Guest5563> startpage.com better......
10:38:54 <hyc> about:blank better
10:39:02 <moneromooo> ^ badass
10:39:22 <Guest5563> hehe
10:40:50 <Guest5563> https://www.cryptocompare.com/mining/calculator/xmr?HashingPower=4700&HashingUnit=H%2Fs&PowerConsumption=1200&CostPerkWh=0.12&MiningPoolFee=0
10:41:02 <Guest5563> no earning!
10:41:22 <Guest5563> why to mine!
10:42:52 <hyc> support the network, slowly earn KYC-free coins
10:43:08 <hyc> provide heat to heat up your house in winter
10:43:54 <Guest5563> this coins are not for free
10:44:20 <Guest5563> we are paying with energy bill so monero coins are not for free
10:44:23 <hyc> no, you pay for them. but they are free of KYC
10:44:57 <Guest5563> i can buy doing btc>monero
10:45:01 <Guest5563> cheaper!
10:46:23 <hyc> probably
10:46:46 <hyc> if you can buy the btc privately, that may be the better route to acquire coins
10:52:20 <Guest5563> monero is hierarchical as bitcoin
10:52:31 <Guest5563> monero money in hardware more incoming
10:52:44 <Guest5563> more money in hardware more incoming
10:53:26 <pauliouk> not really
10:53:31 <Guest5563> just is not so vertical as bitcoin
10:53:37 <Guest5563> why not?
10:53:38 <pauliouk> in most cases its gamers who want to make a little bit on the side
10:53:53 <Guest5563> more money in hw more income is not true?
10:54:01 <pauliouk> so they buy the hardware to play vidya games, then when its not gaming, the pc is mining
10:54:11 <Guest5563> monero is cpu!!
10:54:26 <pauliouk> yup - still need a decent CPU to mine
10:54:32 <pauliouk> and a decent CPU to game
10:54:53 <pauliouk> only the rich and hardcore gamers would be buying GPUs at the moment
10:54:54 <Guest5563> well 4700 h/s are created by a very decent cpu
10:55:10 <pauliouk> I did buy a PC just to mine, and thats all it's done since I bought it.
10:55:11 <Guest5563> we are talking about cpu here
10:55:31 <Guest5563> hyc moneromooo ?
10:55:46 <moneromooo> ?
10:55:52 <Guest5563> monero is hierarchical as bitcoin
10:55:55 <hyc> what
10:56:03 <hyc> I don't know what that statement means
10:56:11 <pauliouk> bought it for £480, so far it's mined over 2 XMR - so depending on the price of XMR, its nearly paid for itself in 2 years
10:56:37 <pauliouk> PC build $600, BTC ASIC miner ~ $1000
10:56:40 <Guest5563> did u insert energy bills?
10:56:48 <pauliouk> that includes energy bills
10:56:52 <pauliouk> and it keeps my office space warm
10:58:22 <Guest5563> i dont c real answer from hyc moneromooo  about monero hierarchical as bitcoin
10:58:33 <pauliouk> I dont intend on spending any XMR until the price is around the $1000 area or higher, so yeah I'm happy with my investment
10:58:52 <moneromooo> If you explain what it means, you might get an answer :)
10:58:55 <hyc> "monero hierarchical as bitcoin" is a meaningless statement
10:59:30 <pauliouk> to get into mining BTC you're looking at an investment of $10,000+ with an ROI of around 5 years. I spent less than $1000 and have ROI already after 2 years.
10:59:36 <Guest5563> i mean if u have money ull take expensive hw and u'll have good income
10:59:38 <moneromooo> Maybe it's a direct translation of a word in your language, it doesn't translate well then.
11:00:00 <pauliouk> thats pretty much the same with everything in life.
11:00:08 <moneromooo> Ah, if you mean "if you buy twice as many machines, do you get twice as much monero", then yes. Assuming yur hash rate is still << network hash rate.
11:00:14 <pauliouk> however if you have a PC, you can probably mine XMR at a decent rate.
11:00:31 <moneromooo> And, of course, on average.
11:01:27 <Guest5563> if u dont have money to take expensive hw u'll loose money
11:02:24 <pauliouk> yes.
11:02:34 <moneromooo> Well, you don't get free money obviously. That'd make it all pointless.
11:02:57 <pauliouk> however, if you can mine at 4K/hs, on the mini p2pool you could probably still a minor profit
11:03:01 <moneromooo> You can spend more to get more hash rate, or spend not much and get monero at a slow rate.
11:03:31 <moneromooo> If you're looking to spend close to nothing and get rich, then... not gonna happen.
11:10:12 <pauliouk> but the plus side is, you probably already have something you can mine XMR with. You likely don't have something you can mine BTC with at a reasonable rate
11:12:57 <merope> Guest5563 You do not actually consume 1200W of power while mining
11:13:01 <pauliouk> I have a draw with a box full of USB asic's for BTC - probably get around 1.2GHs from each of them (about 30 of them in there) not worth the USB hub to run them.
11:13:20 <merope> You are probably consuming ~100W of power
11:13:34 <merope> And you need to adjust the electricity price to your real cost
11:28:24 <sech1> "how is decided when i'll get payed" did you read https://github.com/SChernykh/p2pool#how-pplns-works-in-p2pool ?
20:49:20 <selsta> monero-gui p2pool integration got approved now https://github.com/monero-project/monero-gui/pull/3829