Post
Topic
Board Bitcoin Discussion
Re: Mining Pools - Good or Bad?
by
bytemaster
on 13/03/2016, 03:53:36 UTC
Mining pools should actually be considered good thinking that not all miners are able to find a block on their own to get a full reward, but instead of that, in pools, one is at least assured of having a secured share for his mining work, one can at least gain what one invested into mining...

This could be mostly mitigated by moving to 3 second block intervals.  Under this model you effectively turn the blockchain INTO a pool by allowing 200 times as many blocks to be produced, each with a reward of 0.5%.