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Author Topic: Centralized altcoin mining question  (Read 483 times)
blueapple (OP)
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February 13, 2014, 06:23:17 PM
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Are there any altcoins that have added centralization to their structure and prevented solo and/or third party mining pools? A coin that controls how, where and who mines?

Is this even possible?

Thanks.
PYneer
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February 13, 2014, 07:24:09 PM
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Have not done much research into centralized mining but closest thing I've heard was Ripple so maybe look into that for more info?

blueapple (OP)
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February 13, 2014, 08:36:34 PM
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Thanks PYneer. I believe Ripple does not allow any mining, other than using WCG processing donation.

Really curious about other altcoins that might use the decentralized sha256 or scrypt platforms that have implemented centralization on top. I can't seem to find any information on whether it's even possible to prevent solo mining and limit pooled mining to one centralized authority.
Sukrim
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February 13, 2014, 11:46:53 PM
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Have not done much research into centralized mining but closest thing I've heard was Ripple so maybe look into that for more info?
Ripple does not mine, but is decentralized...

If you want centralized altcoins there was one a few years back with a similar approach to PoS (Realcoin or something like that?). Most centralized solutions seem to be pegged to USD, EUR etc. though.

LindenDollars (SLL) are also some centralized altcoins, but there is no source code available for them.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
blueapple (OP)
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February 17, 2014, 05:50:32 PM
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Thanks, Sukrim.
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