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Author Topic: Mining Pool Theory  (Read 974 times)
Singlebyte
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September 01, 2013, 09:56:46 PM
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Here's a Question;

We all know it is usually better to join a pool then to go it alone solo.  What if a pool operator was to redirect all of his hashing power through another pool.  Essentially he would become a top user of this pool and not only get his "hits", but also the new joined pool block hits.  Would doing this increase a pool operators returns?  Has anyone done this or know if this would be feasible?  Sorta hard to get your mind around the concept if this would even work.  Any thoughts if this is plausible or if it would make financial sense?
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Singlebyte
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September 01, 2013, 10:57:04 PM
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Since there are no replies;

For fun, let's make the scenario a little more complex.

What if EVERY pool operator decided to point their hash power through another pool.  Would ANY blocks be solved?  If a block is solved, would every pool get credit?
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September 01, 2013, 11:22:02 PM
 #3

Here's a Question;

We all know it is usually better to join a pool then to go it alone solo.  What if a pool operator was to redirect all of his hashing power through another pool.  Essentially he would become a top user of this pool and not only get his "hits", but also the new joined pool block hits.  Would doing this increase a pool operators returns?  Has anyone done this or know if this would be feasible?  Sorta hard to get your mind around the concept if this would even work.  Any thoughts if this is plausible or if it would make financial sense?

They are known as proxy pools as they proxy work to a real pool.
not neccesarily "top user"
dont understand "not only get his "hits", but also the new joined pool block hits." the proxy pool gets its share of rewards from real pool and pays then to his miners.
mining on multiple pools  reduces variance(there is a thread by Meni Rosenfeld on that subject), returns depends on fees charged and paid.
ABCpool used to BTCOxygen.com currently do.

I wouldn't be stupid enough to follow 2nd question scenario, none of the pool operators I talk to are either, pointless "what if's" are pointless......think about it "What if EVERY pool operator decided to point their hash power through another pool. " no-one would be mining on a bitcoind so no blocks.

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September 01, 2013, 11:40:59 PM
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Thanks for the informative post.  Makes a lot of sense.  Sorry if you did not entirely get the meaning of my post, but you answered what I was looking for.  



I wouldn't be stupid enough to follow 2nd question scenario, none of the pool operators I talk to are either, pointless "what if's" are pointless......think about it "What if EVERY pool operator decided to point their hash power through another pool. " no-one would be mining on a bitcoind so no blocks.


This 2nd one wasn't meant for the smart people....its called a circular reference.....and meant to stump the others.


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September 01, 2013, 11:48:28 PM
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Thanks for the informative post.  Makes a lot of sense.  Sorry if you did not entirely get the meaning of my post, but you answered what I was looking for.  



I wouldn't be stupid enough to follow 2nd question scenario, none of the pool operators I talk to are either, pointless "what if's" are pointless......think about it "What if EVERY pool operator decided to point their hash power through another pool. " no-one would be mining on a bitcoind so no blocks.


This 2nd one wasn't meant for the smart people....its called a circular reference.....and meant to stump the others.



I know, but still something that isn't going to happen.

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October 10, 2013, 03:52:44 PM
 #6

why would a pool operator decide to join another pool that would then charge a fee? It would just mean 1-3% less income for everyone (operator and individual miners). The only benefit would be to increaase the frequency of found block to reduce the variance of payout frequency (payout amounts would still be averaged the same though, minus the fees of the "top pool")

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