Post
Topic
Board Mining software (miners)
Re: Fully P2P protocol for mining with tunable variance.
by
jojkaart
on 15/10/2012, 15:07:55 UTC
Semantics: if you send shares promising a percentage cut from your work with a coinbase allocating n% to an address there is a payment method and it's called proportional. To reduce variance people will want to be connected to as many other miners as possible leading to a protocol to establish new reciprocities. Given that the allocation is proportional, miners will have the opportunity to hop.

There is no promise of a cut. There is only proof of cooperation. Cooperation continues as long as it stays reciprocal. If one side stops cooperating, the other side stops too, on a very short notice. That's all. That's the reason no payment method is needed. You get paid whenever someone you're cooperating with, at the time, finds a block. It's a share for share protocol. Every share can be forgotten about almost instantly.

This is not a hoppable scheme. To be hoppable, there needs to be both the promise of a cut and the idea of a round. This has neither.