Post
Topic
Board Bitcoin Discussion
Re: Solutions to get rid of cartels
by
frowsiter
on 01/04/2018, 13:47:39 UTC
I'm kind of new to crypto, but i have a question.

I know that mining cartels are a huge problem, so much so that regular people can't mine anymore.

I was wondering why can't they introduce some kind of limit of how much work one node can do per hour? Wouldn't that massively aid the problem?

I'm no programmer, so I'd really appreciate hearing thoughts about what solutions people are coming up with to solve this problem. Is it unsolvable??

If regular people cant mine anymore then thats not the problem of the cartels neither pools! Its theirs! Why would the other two will care anyway if their work is being done systematically.

Do you think that limiting the work per hour will really aid the problem that you are describing? Have you considered the consequence of this rule? It will limit the way we will earn the blocks and thus our ROI's will also get hampered badly.

As mentioned by @mocacinno some of the people might find blocks with single miner while some of them might not be lucky enough to do it with 100's! Considering that luck facto and after implementing your rule of "limited-work" per hour you will slow down the process even further and might just hit the block after few years or so. This will kill the whole process. Also, it could relay a stress call over the small cartels and miners when the transaction output will be higher. Then increased fees will be the next thing to cool down the whole process and much more consequences like that may happen in the future!