Quote from: bytemaster on March 11, 2016, 06:58:49 PM

This statement is false. Blocks will continue to be produced on average every 10 minutes with or without pools.

With 100,000 people who have equal hashing power, they will produce a block on average once every 2 years.

With 144 mining conglomerates they would each produce a block once per day.... of course, if you increase mining frequency to once per minute, then you could have 1440 conglomerates each producing on average once per day.

The end result is that hash power would end up held by a couple thousand conglomerates each of which would still have acceptable variance.

Anyone with 0.05% or more of total hash power could produce daily. Anyone with .001% of the hash power could produce monthly.

How many total individual miners does Bitcoin have today? There are only ~500,000 unspent outputs. If 1% of all bitcoiners have mining hardware, that would be 5000 people mining.

How many individuals miners actively mining less than 0.08 BTC per month? Those are the only individuals who might get excluded by solo mining.

firstly something real big to point out to you
conglomerate=pool and pool=conglomerate

so your whole idea.. is to ruin todays bitcoin security for a temporal code that makes each person only get 1 win every couple years..
thus not only not providing a regular income but also making people less inclined to be involved as it becomes more costly than playing the lottery and less rewarding. thats right not even the odd $1 now and again. just a rare chance of a $10k jackpot, if you can cross your fingers long enough.

and because each block would be solved by just a combined hash power of 1 asic. the difficulty(security) would be low.
and then.. get this.. you want it to form pools again (you call it a conglomerate but its the same damn thing) to bring back the security

by which im thinking you mean someone can find a work around to your mining code fix and then form a pool .. to initially abuse the network for profit, and then to utilize the work around to let many people form pools to then bring balance to the network and restore security..

i got a great idea.. how about you go back to 2011-2012 and see that has already happened and bitcoin is more safer and secure now with pools than it is to temporarily break it up again to repeat the past.