Quote from: ETFbitcoin on Today at 09:41:27 AM

But are there any mining pool which works like that out there? If yes, can you share any example.

There are none which is why it's just an "idea" or a proposal you may call it.

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But on other hand, people or group who can setup many ASIC should able to setup P2Pool. Rechecking http://p2pool.in/, they just need one computer (to run both Bitcoin Core and P2Pool software) and point their ASIC to that computer's IP address.

Those who setup many ASICs are either:

1- Large enough to mine their own pool.
2- They don't care about KYCing themselves since you can't have a large mining business without KYCing yourself anyway.

The targeted users for such an idea are the average folks like us, people with a few THs/PHs worth of hashrate, which collectively have a good share of the total hashrate, we need to analysis what do these folks look for in today's mining world.

1- Most prefer no KYC.
2- Most want PPS pool (one of the reasons why P2pool failed).
3- No tech-related requirements, extra PCs, complicated set up (one of the main reasons why P2pool failed).

This makes the likes of Viabtc pool the most favorable, Viabtc is PPS based, no individual setup is required.

However, given that Viabtc is a centralized and known entity, at some point they might have to impose the KYC shit as well, so what I propose is a pool that covers these 3 points, initially, I proposed to theymos that forum funds (which essentially are his anyway), the other similar idea is to have a community pool with decentralization ownership.

Now let's pretend that we want to create a mining pool with a 1% chance of going bankrupt and 4% fees (the current average PPS fees)

(6.25 *ln 100) / (2*0.04) = 360 BTC

So here, we need a fund pool of at least 360 BTC, but obviously, the smaller the fund the more risk + more rewards for the "investors" and vice versa, but let's for the sake of simplicity pretend that 360 people each with 1 BTC, everyone will get 1/360 of the 4% fee that the pool generates, 1000 people each deposit 1 BTC then each gets 1/1000 and so on.

Now comes the real challenge which is, who owns the piece of the software, or where does it run? who owns the server that runs it, this would require a similar implementation of the original Bitcoin nodes, where pool nodes will run on different servers owned by different people but the software is similar, and thus the work they send to the miners, the payout structure and everything else is the same, so it becomes like a large centralized pool with dozen nodes around the globe.

some of that 4% fee could be allocated to those who run the pool node or, as one might expect, given that people run full nodes for no direct financial gain, the same people would be willing to do the same thing with these pool nodes, especially that these nodes will not be anywhere as large compared to the full nodes.

Could something like this be easily implemented? certainly not, but will it become a necessity at some point in the future, probably.