depends. are u in Adolph Hitlers pool
or the Democratic pool
Topic: Who has the voting right? miners or the pool (Read 885 times)
Solo mine = the better option.
There is a pool designed to function like solo mining where you keep your voting rights, yet it has the variance reduction in payouts like a pool.
P2Pool.
P2P mining makes no difference.
P2P miners can mine without the blockchain files on their computer. How can their vote without the transaction records.
Umm no, you are misinformed. P2Pool miners need a full copy of the block chain.
Solo mine = the better option.
There is a pool designed to function like solo mining where you keep your voting rights, yet it has the variance reduction in payouts like a pool.
P2Pool.
P2P mining makes no difference.
P2P miners can mine without the blockchain files on their computer. How can their vote without the transaction records.
Most people give up their voting rights for a tiny bit of profit.
Actually, most people are actually paying to give up their voting rights.
You can set up P2Pool and merge mine as many coins with the same algorithm as you like. You can do it without the fee. Once you've understood and accepted variance, you realize that you will earn more profit this way.
Solo mine = the better option.
There is a pool designed to function like solo mining where you keep your voting rights, yet it has the variance reduction in payouts like a pool.
P2Pool.
Most people give up their voting rights for a tiny bit of profit.
Solo mine = the better option.
Pool owners have voting rights. They make decisions, miners only sign it.
But it´s democracy - when miner don´t agree with pool´s decisions, he can simply mine at another pool. Or he can mine itself. Or he can create own pool, take people with the same opinions and they mine themselves.
However, there are very few things what pools can change, i.e. only if some transaction will be in this block or not.
But it´s democracy - when miner don´t agree with pool´s decisions, he can simply mine at another pool. Or he can mine itself. Or he can create own pool, take people with the same opinions and they mine themselves.
However, there are very few things what pools can change, i.e. only if some transaction will be in this block or not.
It would be best if miners act independently. Perhaps someone can suggest that p2p mining is a solution, I don't know enough about that; certainly that seems better option than large pools that then risk dominating any actions that are taken by miners en masse. If you join a group, then perhaps necessarily you cede some control over what happens - not everyone can have their way.
I read the bitcoin genesis paper.
It's said that who did the proof of work has the voting right. But actually miners only have mining tools which only connect to the pool. Is that means the pool have the right to vote for the Tx.
It's said that who did the proof of work has the voting right. But actually miners only have mining tools which only connect to the pool. Is that means the pool have the right to vote for the Tx.
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