/biz/ - Business & Finance

>>53286436
yeah but miners would be retarded to do that as everyone well knows

>>53286436
>it's not a problem because miners can just point their miners to an another pool
Why aren't miners doing that preemptively *BEFORE* the possible attack?

>>53286593
Asking the real questions, good on you

>>53286436
>Gulp
what are you gulping?
cum?

>>53286436
uhm sweaty, those numbers don't add up to 100%

>>53286436
Members of the Bitcoin fundation are part of the global child porn ring.

https://searchvoat.co/forum/viewtopic.php?t=10735

>>53287025
phew, what a relief

>>53286593
Ok fren, BTC miner here since 2017. Every pool charge you with a % for mining there, right? So where do you want to mine? In a pool who charge you 2% or a pool who charges you 4%? Who do you think charges the least on fees? Antpool and F2Pool. Binance? I don't have idea, maybe I should take a look at their mining pool program.

>>53286436
Craig Wright here: Miners will comply to court order.

>>53286556
But but they wouldn't!

>>53286436
>believing a mining pool is a unified actor
>believing mining pool are in control of Bitcoin instead of nodes

>>53289328
These are the same retards that think Bitcoin is going to zero

>>53286436
2 ETH staking pools can control the network right now

>>53287252
I don't mine Bitcoin so I don't know which pools pay out the most. And it depends on what kind of reward scheme you prefer PPS, PPLNS etc.
>>53289804
Crying about Ethereum won't solve Bitcoin's pool centralization problem. And the "Unknown" in your chart should be labeled as "Others" to reduce confusion. There is no mysterious pool that's bigger than Lido lol.

>>53289804
lido isn't a "pool", they're independent validators that staked eth is delegated between

>>53290317
It is still a pool even if it consists of 30 separate operators.

>>53287252
Think BTC should look into making a P2Pool style system where the mining pool itself is made up of decentralized nodes.

>>53290432
> Think BTC should look into making a P2Pool style system where the mining pool itself is made up of decentralized nodes.
Well, they did invent P2Pool exactly for this purpose, but afair the dev who adapted it for Monero remarked that the Bitcoin network was too shit (the block size limit strikes again) for it to work there.
Meanwhile, it works great for Monero:
- https://p2pool.io/#pool
- https://miningpoolstats.stream/monero

>>53286593
because you get more consistent payouts mining in a pool with a larger percentage of the hashrate and i assume they are competitive on fees. its easy and fast to switch and btc miners arent stupid so theyre not going to panic over a non issue and lose money mining in a smaller pool with higher fees. it makes complete sense.

>>53292057
Huh, well that sucks, at least I know why it's not doable on BTC now however.

>>53292354
Turns out I was wrong, sorry fren:
"Bitcoin p2pool had a big problem with orphan blocks because of network latency. This new implementation solves it by using uncle blocks (same concept as in Ethereum). Also it uses monerod ZMQ api to get immediate notification for each new Monero block, it's literally 0 latency between Monero node and p2pool here (if they run on the same machine). Regular network latencies between nodes are still there, but as I explained they're not much of a problem."
-- https://www.reddit.com/r/Monero/comments/p9apyd/psa_monero_decentralized_mining_pool_p2pool/h9x0cmc/?context=8&depth=9

>>53287431
still can't sign

> muh decentralised network
it isn't, its entirely centralised. First of all the node software is not developed by the miners, it is controlled by blockstream who control the github software repository. They make and release the node software and the mining pools run it without a second thought.
Your home node is useless in terms of enforcing a network protocol because it produces no blocks, it doesn't decide the chain tip, it doesn't process any transactions.
Secondly there is no solution in place to pay the miners enough money to continue verifying the transactions as the block reward halves. This cuts miner proffits in half so for profits to be maintained the price of btc must double, a doubling every 4 years is an exponential function which doesn't match up to the real world fundamentals.
The clear easg way around this is to hard fork and lock in endless block rewards at a set rate. The miners will all agree to this, the centralised dev team will implement this, and you will still be stupid enough to call this bitcoin.
Its not bitcoin, it hasnt been bitcoin for years now. the real bitcoin does exist and its scaling as designed while maintaining the economic system that defines bitcoin. If you dont get it well i dont have time to explain it to you, stiff shit.

>>53286593
Because they know everyone in BTC is retarded and doesn't care about this.

It's just as much of a problem now as it is if they were actively running more than 51% of the hash power. The fact that it is so close means that it is already largely controlled.

>>53294092
Came here to say this. Ya'll don't wanna hear it, and are in constant denial, but BTC is not Bitcoin and hasn't been for about a decade now.

You know what I'm going to say next.

Hate the man behind it all you want, and you can even still think he's a fraud, but BSV is the actual, original Bitcoin chain that Satoshi implemented and intended.

It really surprises me that biz still buys into the BTC is bitcoin narrative, and so passionately FUDs the actual Bitcoin, BSV. Yet, here we are. Maybe it's just bots, or perhaps too many redditors. But if you don't own a stack of BSV for when the shoe inevitably drops...you're going to be in for a bad time.

Don't say we didn't warn you for literal years. Blockstream is a Jewish VC and Central Bank-tied fraud, and it currently controls the scamcoin known as BTC.

>>53294351
majority of people involved in crypto came into it in the 2017 bubble, they have no idea of what happened before that. no clue about the censorship, the blocksize debate, who blockstream is and who funded them.
These people arrived into a social ecosystem that combined with censorship and bots only allowed one viewpoint to exist and propagate. And because they're lazy and refuse to take the effort to research these bold claims for themselves they just adopt those same opinions and parrot them like the good little mindless morons they are.
These people don't care about what bitcoin as a technology can do for the world, all they care about is making money from number go up in a zero sum game which hilariously means that on average they won't make money. Just remember that your average btc/altcoin aficionado is a brain dead drooling fucking retard that's too lazy to research and too stupid to even comprehend that research should they do it.

Pools don't control miners

>>53295056
And miners don't control Bitcoin.

>>53294815
My BSV shorts have absolutely printed

Send that shitcoin and fraud charlatan scammer Wright to zero.

>>53295124
BSV is being removed from all exchanges that allow margin trading, and as a result, price suppression will be removed.