mining pool code of ethics

[steelhouse]

I think we should have a mining pool code of ethics.  In order to get the community seal to be a mining pool, you have to agree to the following code.

1.  You will never use your hashing power to partake in 51% or other attacks on any chain.
2.  If the government or other entity offers you money like $1 million to overtake your network, you must notify the community and refuse, or be the subject to lawsuits.  For example, if the fbi decided to give btcguild and deepbit $1 million each to help take down bitcoin, they would have to refuse.
3.  The minimum mining fee will be 5% pps or proportional.

The 3rd throws mining pool owners a bone to be honest.

[1715555062]

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[Schwede65]

I think we should have a mining pool code of ethics.  In order to get the community seal to be a mining pool, you have to agree to the following code.

1.  You will never use your hashing power to partake in 51% or other attacks on any chain.
2.  If the government or other entity offers you money like $1 million to overtake your network, you must notify the community and refuse, or be the subject to lawsuits.  For example, if the fbi decided to give btcguild and deepbit $1 million each to help take down bitcoin, they would have to refuse.
3.  The minimum mining fee will be 5% pps or proportional.

The 3rd throws mining pool owners a bone to be honest.

Why don't we just make traditional pools obsolete and mine on P2Pool?

1. Can't happen with P2Pool.
2. Can't happen with P2Pool.
3. No fee to mine on P2Pool.

then it is necessary to have an easy installation for windows-user to install and run this p2pool...

[Revalin]

Closed source is a non-starter for p2p pool.

#3 doesn't belong in a code of ethics.  Ethics are not about doing something for a reward.  It's about simply doing what's right...

... Like not committing fraud, which is what I consider it to be when you reverse legitimate transactions with a 51% attack.

[ripper234]

Closed source is a non-starter for p2p pool.

Closed source?

[El Cabron]

What about pools that claim they are pools but then take that hashing power and direct it else where?

[BitcoinPorn]

P2Pool would get more love it it was on Windows as a click to install, way more love. 

[Graet]

I think we should have a mining pool code of ethics.  In order to get the community seal to be a mining pool, you have to agree to the following code.

1.  You will never use your hashing power to partake in 51% or other attacks on any chain.
2.  If the government or other entity offers you money like $1 million to overtake your network, you must notify the community and refuse, or be the subject to lawsuits.  For example, if the fbi decided to give btcguild and deepbit $1 million each to help take down bitcoin, they would have to refuse.
3.  The minimum mining fee will be 5% pps or proportional.

The 3rd throws mining pool owners a bone to be honest.

1- have no interest in attacking any chain - let them live or die on their own merits
2- We established the pool to further bitcoin - personally I would rather go down fighting than take the money of a government, Bitcoin is too good for that

3- Does not sit with the ethos of Ozcoin pools, these are put here at low cost for miners, members can set a voluntary contribution if they like the service

If 5% of 50BTC is what it takes to make a poolop "honest" give me the names of the "dishonest" ones - I'll gladly pay that out of my own pocket to make them "honest" - but do you really think it would work? With the scrutiny in these forums and Bitcoin IRC how long would a dishonest poolop last?

Been out of the loop a few days due to illness
not up with all the news and views

If I may - my perspective
When i worked in a vinyard picking grapes and being paid by the bucket.
the vinyard provided work,(grapes to pick)                        pool provides work
I did the work, (picked grapes)                                        miner does work (hash shares)
Emptied bucket into large contained (completed work unit)   miner returns share (completed work unit)
paid on buckets submitted                                              miner paid for completed work units submitted

I see the pool as paying miners for submitted work - not "buying" their hashpower nor shares. It is not mine to use. I will happily however pay for every valid share submitted to the pool

Shares are just a way for pools to measure work - they dont exist in solo mining
I see ppl are starting to buy and sell them - interesting but beside the point


opps became a 3am rant

best
Graeme