It would be FANTASTIC if
ALL the SPV mining pools fell off the face of the earth. Beginning with Elgius who are the base for them.
If I were able to legally do something which caused SPV miners a more consistent event which did reach the right people...
Obviously if, if, and more if, but I am shocked at the consistent greed of the majority.
Even though Antpool is the only company selling mining gear to the home miner, SPtech proved it can be done with better gear. I know they said they were at a loss on the SP20, but I believe it had more to do with the price of BTC and their commitment to quality.
The same thing happens with pools. F2Pool are certainly making huge profits with shortcuts that may harm the scene again and again. They do not care. When you openly state you will continue a practice which potentially causes a fork, you are a greedy bastard. When people continue to mine at those pools they are just as much a part of the problem. If only a small percentage of F2pool and the other chinese miners moved to other places, those pool owners would change things quickly. Collectively, individuals do have a voice, but they must speak up. Even if it hurt a little in the short term, they should consider what they do to the entire ecosystem.
Kano and CK certainly seem to me to be more transparent and care much more about doing these things the right way. I'd love to get merge coin payouts, but they've laid out arguments against doing it. I don't plan to bring up the details again now, but I trust them because of other things where I have proven to myself they were right. Unless I setup my own pool and made my own real world tests I do not have the data to properly confirm or deny.
In that vein it is the same with the block size debate. I haven't seen enough through my own experience to put up a great argument things are going to be much worse before they are better, but I believe wholeheartedly the inaction we see before us by the core dev team leaves no other alternative.
There are so many areas of bitcoin where greed has far overcome the logic to always do what is right for the ecosystem and if I can do anything to support people I think do put the good of the protocol over their own self-interests I do so.
Some folks should read this mailing list. I know it is probably boring to many, but the obvious stagnation and stalling tactics of the core versus some of those same devs pushing their main
side projects to fruition is staggering. While they know they must keep up appearances they are still very obvious with their intentions through actions. I should say inaction where it concerns bitcoin core but action within their
other projects. See for yourself:
http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-July/date.html#9338I do not think Mike Hearn has all the answers, and I know he has personal interests which we could say backup his positions through bitcoinj. I think he has many valid points. His analogies suck sometimes, but his logic sticks in many ways. I see Gavin pushing for something to be done. Even if people do not like his method, it is something, and the stalling and inaction is my complaint. My personal opinion is the block size must be increased but the bigger problem is the incentive for many core devs to harm bitcoin which provides the path for their personal projects for their own benefit. I believe the people who want something to happen are doing everything they can to help bitcoin. Otherwise, do as other devs and let it ride until something breaks and then worry about it. SPV mining falls in this category imo. IT is not forced to validate blocks and this alone is enough to present opportunities for more failure.
I wish there was a way to properly scale bitcoin which still allowed everyone to easily run a full node. I do not like the idea of forcing people to be unable to run a full node through an inability to afford it.
Otherwise I fully agree there should be a plan in place yesterday which would already be in the execution stage to raise the blocksize AND cause SPV mining to be on equal footing with "regular" mining.
You may tell me to make a pull request, code it up if you want a change, to which I respond I know my limitations of today, and I am working to be good enough to play and not be on the bench. I will get there.
As to how this applies to the pool KANO.IS, it is where more people should mine right now.
Maybe there will be a path to a more decentralized mining "pool" in the future. I imagine someone somewhere is trying to code it, but with the direction core is going who knows what we may be doing in a year.
Help get more people to mine at Kano, slush, bitminter. If bitminter or slush have something going on I am unaware of please educate me. I want to state facts and if I say something incorrect I am happy to change what I repeat and explain to others. I have been responsible for many people who have started using bitcoin and mining. While I have Uno in my sig, bitcoin is and will always be my main love and I plan to edit my sig again to show such. I have recently edited it to pull out my rental recommendations because of learning about the likeliness of block withholding when renting hash. It is a shame I cannot recommend renting but I cannot. It is not right to present opportunities for people to steal from my fellow miners because many of them support our scene at breakeven or even a loss simply to show their support. Profits are slim to none for so many hobby miners and again, so many do it simply because they believe it will change the world for the better.
My sig is for people, places and ideas I personally believe will help bitcoin. It is not for sale.
My tiny farm is how I trade fiat for bitcoin, and I will keep it going as long as I can keep doing so but you will not see me learn of a person, company, or idea who does not put the overall good of the bitcoin project first and I hope people realize we are all still the early people. We may not be the first, but we are still shaping this to be what it will be in not only long term, but the very near future. If I could find a company or project to work fulltime in bitcoin and still manage to get my kiddos through college without them racking up tons of debt I would have already done so. I hope I find that "thing" because this is the biggest passion I've had in my life. This is the thing I get in a flow and have to stop myself to be able to function well at what does pay the bills.
I see so many of you with the same intentions, and I hope we are the ones who drive the roads to take all of us to the worldwide adoption. I fear there will be the people with more money who do more of the driving because they are simply too greedy to make decisions with short sighted results and do not care about the long term and no matter the cost to the potential. It will not take too many bad publicity scandals at key points in the next 18 months to seriously harm everyone. People who seize opportunities to make a bit more money without caring will cause serious damage. Push your friends, family or anyone you know is mining to move to a pool you believe are trying to do the right things. Even a stickminer on CKpool is better than it being on Elgius or a chinese pool.
I know I sound idealistic and pie in the sky sometimes, but please do not let such deter you from at least considering my message. Take a few minutes to consider the direction we are being driven.
Stop supporting them with any tool you have. IF hashrate is all you have then use it, and convince others to do the same.
We DO have a voice.
