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Author Topic: Are there any "communist" pools?  (Read 7351 times)
TiagoTiago
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May 08, 2011, 02:38:17 AM
 #1

Are there any pools that divide the earnings evenlly among all participants regardless of amount of computing power contributed?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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Convery
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May 08, 2011, 02:43:26 AM
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Are there any pools that divide the earnings evenlly among all participants regardless of amount of computing power contributed?

No, and there will never be. Why would I buy hardware to push 3Ghash/s when I'll still get as much BTC as a guy mining on his CPU? Not to mention that I could set up 40 miners on my CPU for a fraction of the price of a mining rig and earn 40 times as much.
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May 08, 2011, 02:47:23 AM
 #3

I would expect there would be some sort of measure to try to make sure each person has only one account in the pool

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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May 08, 2011, 02:49:49 AM
 #4

I would expect there would be some sort of measure to try to make sure each person has only one account in the pool

I got 5 VPN connections I can use, how are you supposed to restrict me to one account? By limiting one miner per subnet?

But never mind that, why would I put my 2000$ hardware in a pool where I will get the same BTC per block as someone who hacked their PS3 or phone?
gigabytecoin
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May 08, 2011, 02:59:18 AM
 #5

I would expect there would be some sort of measure to try to make sure each person has only one account in the pool

You're dreaming bud, sorry - wish it were possible myself Wink

But you should read up about the freeloader/free rider effect.
anisoptera
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May 08, 2011, 03:04:42 AM
 #6

The only thing this pool would accomplish is getting all CPU miners to jump into it. No one with any decent amount of hash power is going to join such a pool. There's no way this would ever be +EV over just joining a normal pool.

Hell, even with a 10% rake a standard pool would probably be higher EV than such a pool.

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mjsbuddha
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May 08, 2011, 03:09:31 AM
 #7

if there ever is such a thing ill be sure to mine in it with my old Pentium 3 system sitting in my closet Tongue lol communism.
os008
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May 08, 2011, 04:09:26 AM
 #8

Dude, you give communism a bad name. Sure, each in that system contributes with his "abilities", then receives what he "needs", but remember that abilities here doesn't mean money, it means mental and physical. Only a disabled, child, woman, or elder wouldn't be able to contribute "as much" in a communist system, but nearly everyone else can give his max. It's not a free-loader system, far far far from it.

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mjsbuddha
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May 08, 2011, 05:06:42 AM
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Dude, you give communism a bad name. Sure, each in that system contributes with his "abilities", then receives what he "needs", but remember that abilities here doesn't mean money, it means mental and physical. Only a disabled, child, woman, or elder wouldn't be able to contribute "as much" in a communist system, but nearly everyone else can give his max. It's not a free-loader system, far far far from it.

The problem with communism is there's no incentive to work. If I make the same working 80 hours a week that I do working 1 hour a week then why the hell would I work 80 hours a week? Its human nature. Bitcoins have value because of the work it takes to create them. If you get the same value no matter how much work you put in then no one will put in work.

Communism gives communism a bad name.
NghtRppr
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May 08, 2011, 05:14:12 AM
 #10

Are there any pools that divide the earnings evenlly among all participants regardless of amount of computing power contributed?

No but you should start one. It would be an interesting experiment. Even under ideal circumstances, where there is only one account per person, I'm willing to bet that it would be the slowest pool relative to the number of participants, thereby demonstrating yet again how communism disincentivizes productivity.
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May 08, 2011, 05:30:48 AM
 #11

The problem with communism is there's no incentive to work. If I make the same working 80 hours a week that I do working 1 hour a week then why the hell would I work 80 hours a week?
Communism can be real, but only when no one will have to work :)
For example, if nanomachine assemblers or some other cyber-magic can do all the production, mining (not the bitcoin mining :), recycling and so on. Then only research, art and similar activities will be left to humans. Some of them will do this because they like it anyway.

With current conditions it's, of course, impossible.

Even now I think that the non-creative job that needs more than ~10% of someone's time is a job for machine :)

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May 08, 2011, 07:01:31 AM
 #12

Are there any pools that divide the earnings evenlly among all participants regardless of amount of computing power contributed?

So if i just register an account with this pool, but contribute 0 computing power, i get an even division of the earnings with all the other participants?

AWESOME! sign me up for this pool!

I sold all my coins at $50.
Do not take any advice from me.
TiagoTiago
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May 08, 2011, 08:32:44 AM
 #13

What about a pool that pays proportionally to the time contributed, ignoring computing power?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

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BioMike
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May 08, 2011, 08:42:06 AM
 #14

Communism works if the participants do the work for the community, not for themselves. (think of worker bees in a hive)

What you could try is have mining set up, but instead of sharing the bitcoins under the participants, the bitcoins could go to a common goal (promoting bitcoin/bitcoin market stabilization/charity). Freeriders then don't have any incentives to join.
SgtSpike
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May 08, 2011, 09:04:28 AM
 #15

What about a pool that pays proportionally to the time contributed, ignoring computing power?
I (and many other people) would still be submitting pentium 3's to the pool, and continuing to use our REAL power for pools that pay fair shares.

This thread makes me lol though.  I love it when communists/socialists try to make things work in a real economic model.
BioMike
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May 08, 2011, 09:10:20 AM
 #16

This thread makes me lol though.  I love it when communists/socialists try to make things work in a real economic model.

Yeah, like the current economic model is perfect (US government having to take socialist measures to prevent their economy from collapsing).
gat3way
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May 08, 2011, 09:12:18 AM
 #17

A real communist pool would distribute about 20% of the reward evenly and the rest 80% would be transferred to pool owners.
SgtSpike
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May 08, 2011, 09:13:50 AM
 #18

This thread makes me lol though.  I love it when communists/socialists try to make things work in a real economic model.

Yeah, like the current economic model is perfect (US government having to take socialist measures to prevent their economy from collapsing).
Better than communism.  Wink
BioMike
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May 08, 2011, 09:22:44 AM
 #19

This thread makes me lol though.  I love it when communists/socialists try to make things work in a real economic model.

Yeah, like the current economic model is perfect (US government having to take socialist measures to prevent their economy from collapsing).
Better than communism.  Wink

Better for Freeriders (read: bankers) Wink
deadlizard
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May 08, 2011, 09:24:13 AM
 #20

communism is what is left after socialists kill everyone that disagree with them

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