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Author Topic: Future of Pooled Mining  (Read 988 times)
dsheehanmining
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March 01, 2017, 02:42:16 PM
 #1

What do people think lies in store for the future of mining coins from the point of view of both pooled mining and mining individually?
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notabeliever
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March 01, 2017, 08:35:42 PM
 #2

The difficulty being so great that we almost need to join one big pool like a p2pool but 21st century

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sikkan
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March 10, 2017, 12:51:58 PM
 #3

What do you mean by that? Solo mining has considered dead for some years now unless you have some serious power at home..
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March 11, 2017, 05:27:55 AM
 #4

Pool is the only way to go unless you have a multi PH/s Setup.

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March 18, 2017, 05:32:48 PM
 #5

Well I think that pools will become increasingly popular and solo mining unusual due to how unlikely it is to solve blocks with your own more basic equipment.  Then what'll happen is that most people will start gravitating towards just a few pools because even most mining pools will be unable to solve blocks often with their lower hashing power.  This could result in nearly full centralisation of Bitcoin mining, and casual miners will mostly be paying fees to only a few monopolies such as Antpool which charge quite high fees.  Or, in a more optimistic scenario, the pools will respect the miners and miners will turn to less evil pools which allow sharing of transaction fees etc.
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March 18, 2017, 05:39:19 PM
 #6

Well I think that pools will become increasingly popular and solo mining unusual due to how unlikely it is to solve blocks with your own more basic equipment.  Then what'll happen is that most people will start gravitating towards just a few pools because even most mining pools will be unable to solve blocks often with their lower hashing power.  This could result in nearly full centralisation of Bitcoin mining, and casual miners will mostly be paying fees to only a few monopolies such as Antpool which charge quite high fees.  Or, in a more optimistic scenario, the pools will respect the miners and miners will turn to less evil pools which allow sharing of transaction fees etc.

and more and more centralized...

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