Author

Topic: Out-the-box Bitcoin Pooled mining (Read 163 times)

legendary
Activity: 4466
Merit: 1798
Linux since 1997 RedHat 4
August 13, 2023, 08:05:57 AM
#2
Simply because the 'centralisation' some are spreading as FUD isn't an issue for bitcoin.

As I already said in a thread on that topic
To put it simply, either they follow the rules or they fork to a new coin.
If they fork to a new coin, then that wont be Bitcoin and the miners will leave.

As for transaction bias, well as long as you stay away from braiins pool who is actively promoting transaction bias,
for other pools, if the pool itself stops allowing all transactions, then yeah, people will just go to another pool that will give a better return.
Complete lack of transaction bias ensures a maximum return on mining, which is bitcoin by design = allow all transactions, highest fees get confirmed fastest.

The main option available (ckpool) also has a few rather egregious issues with the public version.
Rather amusing that someone is about to release a miner that will use it.
e.g.
It doesn't do block identification directly, just a floating point approximation
It reports 'luck' incorrectly as Diff/NetDiff
It's reported hash rates are quite off under certain circumstances.
It doesn't follow the bitcoin rules for block timestamps and thus can allow a miner to produce invalid blocks.
It allows mining when bitcoin isn't in sync with the network = guaranteed rejected block.

Then there's the issue of running your own pool at home, without a high speed worldwide network block distribution, that means a higher risk of losing that 'one' block you might find.
copper member
Activity: 131
Merit: 3
August 12, 2023, 06:47:46 PM
#1
So wondering if there is any out of the box solutions open sourced and fairly reasonable README with pooled mining since it seems the 'decentralization' of bitcoin is at hand how come no one has worked toward having this type of solution out there readily available?
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