Post
Topic
Board Economics
Re: Bitcoin - we have a problem.
by
rovchris
on 09/07/2013, 08:09:57 UTC
Rovchris, please stop being a whiny bitch. Pools are not central mining powerhouses. If one goes does, all miners will switch to another one. If the second and third go down, they will solo mine. This is typically set by default in mining software. There are plenty of smaller pools that aren't going anywhere, that will become large pools should the larger ones are taken down. For example, Eligius used to be a really big pool, but people quit it for personal reasons. Other small pools became big instead. Worst case scenario, there's always P2Pool. You can't take that down.
Also, if you have to ask what is the difference between a central bank money creating monopoly, and a centralized mining operation, then you really don't understand an enormously important aspect of Bitcoin. It has to do with clients, not miners.

You obviously have never mined a bitcoin in your life.

OK Rassah what is the total number of bitcoin mining pools?

Well here is a list of the top 20 pools

1   BTC Guild   424 (21.03%)
2    ASICMiner   366 (18.15%)
3   50 BTC   324 (16.07%)
4   slush - mining.bitcoin.cz   230 (11.41%)
5   Eligius   73 (3.62%)
5   Bitminter   73 (3.62%)
7   Eclipse Mining pool   71 (3.52%)
8    Discus Fish   54 (2.68%)
9   ozcoin   36 (1.79%)
10   Horrible Horrendous Terrible Tremendous Mining Pool   31 (1.54%)
11   Deepbit   21 (1.04%)
12   Bitparking Merged Mining Pool   19 (0.94%)
12    ST Mining Corp   19 (0.94%)
14   Polmine   15 (0.74%)
15   p2pool   8 (0.40%)
16   btcmp.com   5 (0.25%)
17   Ecki   3 (0.15%)
17   Triplemining   3 (0.15%)
19   MaxBTC   2 (0.10%)
20   BTCmine.com   1 (0.05%)

http://blockorigin.pfoe.be/top.php

Please note to get into this list you only have to solve 1 block that is how few bitcoin mining pools are left.

So where are all these other pools that you keep talking about?

BTCMine.com has now dropped to 90gh/s when these pools are no longer solving blocks they will close down - do you UNDERSTAND this.

Quote
Also, if you have to ask what is the difference between a central bank money creating monopoly, and a centralized mining operation, then you really don't understand an enormously important aspect of Bitcoin. It has to do with clients, not miners.

You did not state what the difference is because you can not is why. All the clients do is relay transactions - they do not process transactions or generate coins so you do not understand a massive aspect of Bitcoins - The miners are the most important aspect of bitcoins.

The issue with p2ppool is ASIC miners will not work on them

https://bitcointalk.org/index.php?topic=90658.0