Post
Topic
Board Pools
Re: [30+PH] Kano CKPool kano.is 0.9% PPLNS US,DE,SG,JP,NL
by
blockchainmines
on 13/11/2016, 19:28:40 UTC
So has this pool upgraded to SegWits?  I think this is a total BS solution to the congestion problem.  This is allowing third party companies like lightning network to come in and start creating off chain transactions which are taking away from our transaction fees/rewards.  So we do all the work in mining yet they get an path to make a ton of money on bitcoin transactions without creating any kind of mining infrastructure which costs all of us a lot of money.  For some of us this is our livelihood.  Unless I am misunderstanding SegWits and lightning network which I do not think I am, this is going to screw us the miners in the end.  Every time bitcoin halves the transaction fees become more and more of player.  SegWits will take this away from us and we will start to see most of our rewards right at or under 12.5 after the .9% fee is taken out.  I think if you wants faster transactions, then you just have to pay a higher transaction fee.  Sorry, but I don't work for UNICEF and in my case this is my livelihood so I am firmly against how they are handling this.  I would rather see a change in the code the allows for larger blocks and keep everything on chain. 

So what does everyone else think?  Am I misunderstanding this or do I have it right?