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Author Topic: Will we need a pool for smaller pools?  (Read 1211 times)
triforcelink (OP)
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July 18, 2011, 08:01:58 AM
 #1

In the not so distant future when finding block in a somewhat decent time requires several TH/s The creation of a new successful pool will be extremely difficult and ineffective. Do you think we will need a service which can join multiple smaller pools into a single larger pool to help control the variance?

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Meni Rosenfeld
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July 18, 2011, 08:11:05 AM
 #2

In the not so distant future when finding block in a somewhat decent time requires several TH/s The creation of a new successful pool will be extremely difficult and ineffective. Do you think we will need a service which can join multiple smaller pools into a single larger pool to help control the variance?
Yes. (Semi-)decentralized pools like p2pool should work nicely as the larger pool.

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triforcelink (OP)
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July 18, 2011, 08:16:20 AM
 #3

oh, thats perfect! thanks!

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July 18, 2011, 05:27:06 PM
 #4

 Actually, we already need service like that. It may be called "Anti-Deepbit coalition".

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July 18, 2011, 05:29:26 PM
 #5

if the price of BTC keeps falling steadily.. mining by yourself with 2-5 gh/s might be feasible for
many moons to come as i would expect difficulty to level out. Maybe even go down. who knows.
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July 18, 2011, 06:29:28 PM
 #6

it's called multiclone, see the thread
Meni Rosenfeld
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July 18, 2011, 06:32:26 PM
 #7

it's called multiclone, see the thread
Multiclone is something completely different.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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