For all users: I have always said that the solo mining harms users using the available pools, I don't care if RiePool gets the 30-50-80% power!
I would just like, I think in the interest of the whole community, that users were using the pools, that's all dear!
I would just like, I think in the interest of the whole community, that users were using the pools, that's all dear!
And yet, this is what doesn't make sense.
Pools or not, miners get block rewards in proportion to their share of the total hash rate.
That's it. Pools have benefits for smaller miners, and it's good to have pools around to make it easier for everyone to participate. But pools are bad for larger miners, because they charge fees that would otherwise go in their own pockets. And, as anyone who's played the game knows, mining is a very low-margin activity, particularly for CPU coins like this where botnets often get involved.
But as long as there are some ways for small miners to play, then it doesn't matter if pools get 5% of the hash or 100% of the hash.
Cryptocurrencies are generally viewed as secure as long as no entity or colluding group of entities has more than 50% (or 33%, if you favor the selfish mining interpretation) of the hash rate. In that regard, any pool having more than 50% is a *potential* problem, because the operator of that pool could choose to discard the work done by others, or prevent certain transactions from going through.
What's the argument that all users need to use pools?
Having a strong *community* is important, and pools can be a part of that, or they can not -- but that very much depends on the pool operator. Operators who just run a pool aren't very important. Operators who contribute code back, help publicize the coin, and support users and miners, etc., are great. People who DDoS nodes attempting to join the network, however, are actively harmful to the health of the coin, because they make it harder for people to use it and join the community.
Amen to that!
So the problems (with the network) started after RiePool showed up, followed by lots of node ddos'ing as soon as RiePool had more than 50 % semi-permanently.
Simba also actively violates licenses with her closed-source miner (software) which only works for her pool. Not a nice community player, more like a hash-power shark who looking for his personal gain at the cost of the whole RIEcoin network.
LOL
