Mining pools are decentralizing | Bitcointalksearch.org

btcash

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I remember a year ago, there was much concern (by some people) over the fact that one or two large pools made up the majority of mining. People worried that it would become increasingly centralized leading to a mining monopoly and thus threatening the security of Bitcoin. Well, it seems the opposite has happened, and the pools are getting increasingly decentralized. Cheers!

And another year later, these people were right. Cheers!

Is there any recent thread about this issue? Couldn't find any.

niko

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There is more to Bitcoin than bitcoins.

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Quote from: evoorhees on August 08, 2012, 11:03:57 AM

I remember a year ago, there was much concern (by some people) over the fact that one or two large pools made up the majority of mining. People worried that it would become increasingly centralized leading to a mining monopoly and thus threatening the security of Bitcoin. Well, it seems the opposite has happened, and the pools are getting increasingly decentralized. Cheers!

Although the chart posted later in the thread is more accurate, your post holds true! I have to say that I am much more comfortable with today's chart than one from a few months ago. The hash rate distribution seems much healthier, let's hope it continues in this direction!

Especially the p2pool!

fcmatt

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Quote from: Gabi on August 08, 2012, 02:29:58 PM

The fact that deepbit spam his pool in the newbie area (noticed his personal thread?) probably is related to that.

Let me guess what would happen if EVERY pool admin open a thread in the noob area about his pool?

deepbit used to be a much larger piece of the pie.
since so many newbies used his pool and this forum did not allow newbies to post all over the place
until they reached a certain amount of posts.. deepbit had to support the customers in that area also.

Gabi

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If you want to walk on water, get out of the boat

The fact that deepbit spam his pool in the newbie area (noticed his personal thread?) probably is related to that.

Let me guess what would happen if EVERY pool admin open a thread in the noob area about his pool?

rjk

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1ngldh

Here is a far more accurate chart: http://blockorigin.pfoe.be/chart.php

Currently, it looks like this:

It still looks good though, quite well split up.

BkkCoins

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firstbits:1MinerQ

Isn't the pool chart based on "first relayed" IP? Is that actually accurate and stable or could pools sometimes relay through different IPs. I say this because I noticed when 50BTC.com wasn't being shown and looked at the IPs on their blocks and they weren't the ones that were being linked with the graph.

I thought there was a coinbase or some ID that a pool could put in blocks that would be a sure indicator of origin.

Zanatos666

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Sometimes man, just sometimes.....

I would suspect that some of this is do to pool hopping as well.

niko

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There is more to Bitcoin than bitcoins.

There is lots of fluctuation in hash rates. The 4-day average still supports Erik's point.

http://blockchain.info/pools?timespan=4days

DeathAndTaxes

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Gerald Davis

Yeah I was excited until I saw how small DeepBit slice was. Either the data is in error or it is only for a single day and DB is simply having a run of very bad luck.

Wonder how the same chart for last 2016 blocks looks?

fcmatt

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deepbit's web page shows Pool rate: 3511 Gh/s

btcguild's web page shows Pool rate: 1,974.62 GH/sec

ozcoin's web page shows Pool rate: 1,980.57 GHash/s

thus.. why does the pie chart show btcguild having a bigger percentage then deepbit?
thus.. why does the pie chart show ozcoin having a bigger percentage then deepbit?

to me this means the whole pie chart accuracy is thrown into question.

Portnoy

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My money; Our Bitcoin.

OzCoin seems to be winning. Lets all move to OzCoin! Cheesy

evoorhees

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Democracy is the original 51% attack

I remember a year ago, there was much concern (by some people) over the fact that one or two large pools made up the majority of mining. People worried that it would become increasingly centralized leading to a mining monopoly and thus threatening the security of Bitcoin. Well, it seems the opposite has happened, and the pools are getting increasingly decentralized. Cheers!

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