diff --git a/pkgs/applications/misc/p2pool/default.nix b/pkgs/applications/misc/p2pool/default.nix
index bce7760759d..5636fa2cfb5 100644
--- a/pkgs/applications/misc/p2pool/default.nix
+++ b/pkgs/applications/misc/p2pool/default.nix
@@ -19,13 +19,13 @@ let
 in
 stdenv.mkDerivation rec {
   pname = "p2pool";
-  version = "2.7";
+  version = "3.1";
 
   src = fetchFromGitHub {
     owner = "SChernykh";
     repo = "p2pool";
     rev = "v${version}";
-    sha256 = "sha256-j3SVwat/LGw/iGcyNn8acR29Ob/WXDKyeCfDTsH+gxA=";
+    sha256 = "sha256-yHxg/9QhaDNlUFzylftsJEk+pJoSoTfA0rJfcolBdTs=";
     fetchSubmodules = true;
   };
 
@@ -33,6 +33,8 @@ stdenv.mkDerivation rec {
   buildInputs = [ libuv zeromq libsodium gss hwloc openssl curl ]
     ++ lib.optionals stdenv.isDarwin [ Foundation ];
 
+  cmakeFlags = ["-DWITH_LTO=OFF"];
+
   installPhase = ''
     runHook preInstall