Post
Topic
Board Bitcoin Discussion
Re: Are Mining Pools the downfall of the Bitcoin
by
franky1
on 24/11/2014, 10:14:05 UTC

So 1 big pool please, the more pools we get the longer we search for blocks, the less we earn.

You really don't want one centralized pool. You'll soon enough find out why if you stuck around here a little longer.

i'm just letting my thoughts wander here... is there any way that the bitcoin protocol could be changed to only permit solo mining?
not that it would be a desirable scenario, as there are too many large farms who would have owners rubbing their hands thinking they could 'own' bitcoin.
but, is it possible? i'm no coder so i wouldn't have the first clue about this... just pondering...

even when trying to change to POS (proof of stake) or POR (proof of resource) to attempt to dilute mega pools into more singular participants, wont work. this is because there are many ways to fool the system

proof of work (current bitcoin protocol) is the only true method.