P2Pool Description
P2Pool, a decentralized Bitcoin mining pool, works by creating a peer to peer network of miner nodes. P2Pool is a decentralized pool that protects Bitcoin from double-spending attacks and 51% attacks. P2Pool's initial setup is more difficult but offers equivalent payouts with a higher variance. There is no need to trust in a pool operator. SegWit has activated upgraded users of P2Pool. They must not mine SegWit transactions because they are incompatible to older P2Pool versions. This restriction will be removed once v17 shares are activated. It should show sections like these within a few minutes. (Notice the pool hashrate, Pool: 115TH/s) This indicates that the sharechain has completed downloading. It took approximately one and a quarter minutes, as you can see by the timestamps. It will vary depending upon your CPU speed or Internet bandwidth.