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Author Topic: less Bitcoin nodes are just a symptom of centralized minting.  (Read 379 times)
digitalindustry
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wubba lubba dub dub


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May 10, 2014, 06:51:34 AM
 #1

It's not rocket science as difficulty rises hardware is centralized.

% of people that are mining is dropping.

The rest are on the productive side either accepting BTC etc or conducting business.

They are using third party payment systems. Lite wallets or instant converting.

I can't see it as a big issue , BTC needs checkpoints.

Of course it also needs to fork to be in line with the original intention of the protocol.


As the BTC minting side is not decentralized.

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spinnel
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May 10, 2014, 09:30:39 AM
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How does it work when people add the power in their small time gear to pools? Does the pool run one node for everyone?
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May 10, 2014, 10:48:38 AM
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You would need to get feedback from an operator but probably only a single node.

Point being there are less people mining, hash power and number of people mining have no relationship.

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digitalindustry
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May 10, 2014, 10:49:30 AM
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I should say no positive relationship.

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May 10, 2014, 11:20:14 AM
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How does it work when people add the power in their small time gear to pools? Does the pool run one node for everyone?

Yea with most smaller mining pools its usually just one full node, but larger pools probably have backup nodes just to be more fault tolerant.

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