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August 23, 2011Mining & supplyLaunches & foundingsdocumented

P2Pool mines its first mainnet block

P2Pool found block 142,312 using a decentralized peer-to-peer mining-pool design.

Unlike conventional pools, P2Pool coordinated shares through a separate sharechain without a central operator holding miner payouts. The model sought to preserve the smoother income of pooling while reducing operator control.