Re: [8500 GH/s] Slush's Pool (mining.bitcoin.cz); TX FEES + UserDiff; ASIC tested
I will guess BTCguild's success is largely to do with their UI and the "all powerful" average earnings per 24 hrs feedback.
In the light of there success, they are not following free market principals I have so come to admire about Bitcoin, but are now penalising usurers for there success, so I have swung back to mine with slush.
In the light of there success, they are not following free market principals I have so come to admire about Bitcoin, but are now penalising usurers for there success, so I have swung back to mine with slush.
You obviously have not understood BTC Guild's reasoning and purpose of their fee change. In point of fact, they are trying to protect the "free" and decentralized nature of bitcoin by try to get people to move to other pools so that their pool is not so singly powerful. If some of the bigger users would voluntarily switch pools, then the pool would not have to be attempting to make the pool less desirable. Heck, getting ASICminer to move would be sufficient
Sure they are, and so they should be, but employing top down central planning is not a move in the right direction, I know where that leads. They could do lots of things, even operating as a Guild and giving their members proportional representation and throwing a little might and cash at the Bitcoin foundation would be better than what they are doing.
Things will most likely correct themselves (if you want to continue the mis-use of the phrase "free market", then use that here) as ASIC becomes more available to more people, and the other pools catch up and/or new pools are created. There's just an unfortunate phase here were the top 4 users on BTC Guild comprise nearly 50% of their overall hash rate, and comprise nearly 25% of the overall hash network....