Until now, there have been few forces to counteract this phenomenon. Gavin Andresen, chief scientist of the Bitcoin Foundation, has repeatedly urged miners to use smaller pools, and researchers, including ourselves, have suggested technical fixes to reduce pool size (here, and here). But alas, community pressure has only had limited success, and technical solutions are still under development and far from production.
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Friday, December 5, 2014
The Miner's Dilemma
Labels:
bitclub,
bitcoin,
bitcoinmining,
miningpools,
virtualcurrency
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