[bitcoin-dev] Braidpool: Proposal for a decentralised mining pool

Eric Voskuil eric at voskuil.org
Mon Sep 6 08:26:00 UTC 2021


Switching pools has always been possible. But the largest pool is the most profitable, and centralized pools are easily controlled. Decoupling selection without decoupling payout is an engineering change without a pooling pressure change.

e

> On Sep 6, 2021, at 10:01, David A. Harding <dave at dtrt.org> wrote:
> 
> On Mon, Sep 06, 2021 at 09:29:01AM +0200, Eric Voskuil wrote:
>> It doesn’t centralize payment, which ultimately controls transaction selection (censorship).
> 
> Yeah, but if you get paid after each share via LN and you can switch
> pools instantly, then the worst case with centralized pools is that
> you don't get paid for one share.  If the hasher sets their share
> difficulty low enough, that shouldn't be a big deal.
> 
> I'm interested in whether braidpool offers any significant benefits over
> an idealized version of centralized mining with independent transaction
> selection.
> 
> -Dave


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