Bitcoin Forum
October 22, 2016, 05:51:19 PM *
News: Latest stable version of Bitcoin Core: 0.13.0  [Torrent].
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: Hiring Mining Power  (Read 837 times)
Hero Member
Offline Offline

Activity: 728


View Profile WWW
June 14, 2011, 02:03:33 AM

Would you pay someone to mine shares for you? 

Suppose you had a non-standard transaction that you wanted to get approved, but no mining pools are accepting it.  Or suppose you had a ton of transactions and want to avoid the fees?   

Imagine a reverse mining pool, you pay the pool a fixed price / share to find hashes for you.  You get 100% of the block when it is generated. 

With this setup you remove power from the 'miners' to determine what gets included in a block.

So how would you prefer to hire mining power?  Blogging is the new Mining
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!