solo mining / pool mining always existed – and even when i was mining in a private pool – no one wanted to believe it was possible … but there you have it …
Pool mining with spread-x11 is 100% possible. Ocminer could fire up a SPR mining pool with his eyes close in under 30 minutes flat, guaranteed. Spread-x11 doesn’t prevent pool mining, it more accurately could be described as heavily discouraging public pool mining because if a nefarious miner finds a block, he can keep the whole thing for himself rather than sharing it with the pool. If it is a private pool where the pool operator trusts all those who are mining on it? No problem. Hell, get creative enough and I can imagine ways in which a public pool could function. Require miners to deposit a certain amount of collateral before the pool will begin accepting their hashes or something. The only reason an ambitious pool operator hasn’t done something like this yet is because SPR has never had a high enough marketcap to offer a sufficient economic incentive.
Spread-x11 is, to put it bluntly, trash. A novelty born in a time when the big “threat” to bitcoin was the centralization of mining. A misguided (and to put it bluntly again, lazy) attempt at creating a coin that discourages centralization.
Let’s do a little thought experiment. Imagine if bitcoin could not be pool mined for some reason. Solo mining only. At the current hashrate, an Antminer T9 should find a block about once every 5 years!! Might as well go buy a lottery ticket instead. Small time at-home hobby miners with one Antminer in their computer room or a dozen of them in their garage do not exist in this world. The overall hashrate and security of bitcoin is much lower in this world. The only miners that can compete are giant, warehouse scale industrial mining farms.
Preventing pool mining prevents centralization of the hashrate at said pools, at the cost of encouraging the centralization of hashrate in the hands of a small number of individual entities!
Pool mining is not the enemy of decentralization. Pool mining increases decentralization by democratizing the blockchain.
Please coins101, do not hobble HLM with spread-x11.
thats not what i was mentioning …
i was actually saying that at the time when community AND dev were saying NO POOLS – i was mining with a pool AND optimized miner …
i didnt say much in the beginning – but when i did – no one believed me … which was great because i had the private pool all to myself and a few others that knew about it … that was it …
nowadays – you make it sound like it was just a known fact that pools existed for it all the time … it didnt … there was a NO POOLS connection with spreadcoin – and in fact the spreadx11 algo itself … we killed that literally weeks into the release of the algo – not months …
so now i dont say too much when it comes to things as such – especially optimized miners … we just let lips flap and tongues wag so as to not get into these sorts of conversations down the track … no offence – honestly … and also why i personally argue to no avail with ‘devs’ like sp and his ‘super-modded’ miners … he hasnt even caught up with our miners hashrates for spreadcoin … and he is STILL selling that damned miner that he tweaks occasionally and gets more btc for … now he has started on nexus – two months after we had already smashed the hell out of the hashrates for our miner also …
which again – why we keep quiet about a lot of this … we are 7steps ahead … and we like it that way …
anyway – point is – i agree with the whole pool mining system for a few reasons … not least because i started mining when i first started crypto – but also because i built a farm ( thefarm – which looks like its got problems right now – but just for the sake of this conversation ) – shred more blocks with many miners – helped the network and blockchain by mining not only at one pool – but many …
if the algo used is an algo that is readily available to have a pool built around it – then the whole decentralization concept works very very well … especially with highly optimized miners ( more hash for the same equipment ) …
so we are agreeing on many points here – and im actually surprised that ( even though i had brought the algo issue up a LONG time ago with spread – AND – no one listened or ignored me altogether ) you bring this up now with such fervor … i like a lot 
…
an algo that works – is easily distributed – easily replicated – and can be build on ( stratum / pools ) SHOULD be the type of algo that is used in helium …
thats the main reason we are designing ( actually currently testing ) a new algo for granite as we speak … one that is difficult to mine – but only on the cpu / cards mining – is NOT difficult to replicate / distribute – is not difficult to build upon ( stratum / pools ) …
nice stuff …
im with sockpuppet on this – dont hobble the coin with spreadx11 …
#crysx
Published at Wed, 29 Mar 2017 18:06:24 +0000
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By Electric-Eye on 2009-10-25 08:06:16
