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Question:  If it were possible to design a proof of work system that effectively eliminated the ability to pool mining would that be an improvement or not?
Yes - more decentralized - 4 (33.3%)
No - less secure - 5 (41.7%)
Same - 3 (25%)
Not Possible - 0 (0%)
Total Voters: 12

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Author Topic: Mining Pools - Good or Bad?  (Read 1145 times)
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Shaiwang
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March 14, 2016, 07:38:08 AM
 #21

Bottom line is that pools are beneficial and support the overall growing network.

That being said however, it would be wonderful if somehow the small-time miner
could receive better rewards, which in turn would draw more peoples attention.
franky1
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March 14, 2016, 07:43:50 AM
 #22

Bottom line is that pools are beneficial and support the overall growing network.

That being said however, it would be wonderful if somehow the small-time miner
could receive better rewards, which in turn would draw more peoples attention.

there are more ways to get an income, than just mining.
bitcoin is a whole economy system

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
ObscureBean
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March 14, 2016, 07:58:50 AM
 #23

I didn't know that was even possible, how exactly do you prevent miners from grouping into pools? Has this already been tried or are you merely hypothesizing?
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