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August 23, 2012, 05:54:37 AM |
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There is a growing number of blockchains that would like to be mined, all of which can be merged-mined.
How practical would it be though for them to co-operate to set up Masively Merged Mining pools that, for example, pay out "pool mining shares" to miners, which shares can then be traded on an exchange into whichever type of coin each miner happens to prefer?
I am concerned that malicious miners could deliberately hack their mining code to, for example, only submit shares that barely meet the difficulty required for a pool share but never meet a high enough difficulty to actually work as a solution on any of the many merged chains the pool is actually trying to mine?
Are there statistical anyalysis scripts etc out there that are designed to discover this and other forms of "cheating"?
I am thinking of simply using p2pool, with commission set to 100% so that no direct payouts to miners are sent out, and then take its stats on each miner's performance to compute miner rewards somehow... Is that practical?
I prefer p2pool since the object long term is to get massive mining power to apply to umpteen alt chains at once and I prefer that massive mining power, in general, be distributed. Thus p2pool.
-MarkM-
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