Sergei Chernykh: On his development of P2Pool a Decentralized XMR Mining Pool

Published: Sept. 10, 2021, 6 a.m.

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TODAY'S \\U0001f399SHOW: Douglas Tuman interviews Sergei Chernykh aka sech1 a monero developer that has made very important contributions to Monero\\u2019s mining network.

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The two discuss Sergei\\u2019s most recent breakthrough contribution. The development of p2pool, Monero\\u2019s first decentralized mining pool that lets miners team-up to mine together, without taking any fees and without yielding a centralized pool operator their vote in the network, thus allowing for pools that can grow large without fear of a 51% attack on the network.

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The two also discuss how Sergei came about finding and working for Monero, randomx, and what areas in Monero need more improvement.

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Please consider donating to Sergei for his development work. His address is posted in the show notes. Please also consider donating to Doug\\u2019s CCS proposal so Doug can transition to working full-time on helping Monero grow.

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\\u23f1Timestamps:
\\n0:00 - Intro
\\n2:13 \\u2013 Monero Talk Starts
\\n3:15 \\u2013 Sergei Mining Background
\\n4:38 \\u2013 How did Sergei get into Monero?
\\n7:27 \\u2013 How can Monero be improved?
\\n9:15 \\u2013 Sergei\\u2019s contribution to Monero
\\n12:25 \\u2013 How big can P2Pool get?
\\n13:28 - Problems with growth of system
\\n14:48 \\u2013 Differences from the BTC implementation.
\\n15:54 \\u2013 Explaining P2Pool
\\n17:51 \\u2013 Directing Donations to Monero Fund
\\n19:57 \\u2013 What are the drawbacks of P2Pool?
\\n21:20 \\u2013 What other ideas are in the works?
\\n23:32 \\u2013 Getting more involved in Crypto
\\n24:05 \\u2013 Discusses XMRig contributions
\\n26:23 \\u2013 How does Monero compare to other Crypto?
\\n29:41 \\u2013 Is Centralization of Development an issue?
\\n30:46 - Will ASIC mining become common in Monero?
\\n32:30 \\u2013 Thoughts on RandomX
\\n34:01 \\u2013 Is Monero more robust than Bitcoin?
\\n35:55 \\u2013 Are Botnets detrimental to Monero?
\\n38:25 \\u2013 Thoughts on Monero reputation
\\n39:39 \\u2013 Concerns about Government suppression
\\n41:27 \\u2013 Implications of Ransomware
\\n42:?? - Comparison to BitTorrent
\\n45:09 \\u2013 Interest in other Crypto?
\\n45:47 \\u2013 Disconnect between Monero and market price
\\n47:04 \\u2013 Monero as legal tender?
\\n48:18 \\u2013 Thoughts on Lightning Network
\\n49:08 \\u2013 Could Monero have a Lightning Network
\\n49:43 \\u2013 Where can Monero improve?
\\n51:23 \\u2013 Crypto scene in Russia
\\n52:20 \\u2013 Final thoughts, Update, Future Events

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\\U0001f517Links:
\\nReddit post: https://www.reddit.com/r/Monero/comments/p9apyd/psa_monero_decentralized_mining_pool_p2pool/
\\nGithub: https://github.com/SChernykh/p2pool
\\nWebsite: https://p2pool.io/
\\nP2Pool Donation: If you'd like to support further development of Monero P2Pool, you're welcome to send any amount of XMR to the following address:
\\n44MnN1f3Eto8DZYUWuE5XZNUtE3vcRzt2j6PzqWpPau34e6Cf4fAxt6X2MBmrm6F9YMEiMNjN6W4Shn4pLcfNAja621jwyg

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Douglas Proposal: https://ccs.getmonero.org/proposals/DTuman_6months_full-time_on_monero-projects.html

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