We need more network decentralization NOW!


#1

There is now a very good change for etheremine to do a 51% atack on the netwok…

If you use etheremine please change to a smaller pool. You want to change your pool ? I think that this could help you abit :wink:

+++ edit +++


#2

Ethermine has 53.60% right now. Wow, are they gonna attack just because they can??? That’s the million dollar question :slight_smile:


#3

I don’t hope so. It’s just possibility…


#4

Yes they maintain a large amount of hashpower, thats the nature of the market right now. I would love for it to be more “decentralized”, but it’s really up to the individual miners in the community to sacrifice more consistent / frequent payouts for greater “decentralization.”

This is why I think specialized hardware is critical for proper hashrate distribution. “ASIC resistance” is a novel / cute idea, but it’s just not practical in today’s market. Others in the forum will heavily disagree and threaten to stop mining ETC and find a better place to print money out of thin air. :smile:

There will always be specialized hardware which is the backbone of the decentralization we are seeing with emergence of new bitcoin mining hardware i.e. GMO, ASICMiner, Bitmain, DragonMint and more


#5

I know one small pool you can try if you are interested: https://classicpool.io/

It is zero fees and run by a very friendly guy called Pex =)


#6

classiclsComing, i respect you, really i do… but just say me… you are nowadays miner??? or just trader… i cant understand at all your ASIC-friendness…but well, as i say, i respect you… just i wanna understand you right… why, your reasons, your feelings about… cause as long as i consider you a rational personal, you are seeing something good there that i cant nowadays… and i would like to know or i would like to see “the issue with your eyes” to understand asic friendly reasons…maybe there will be…but nowadays i dont see hem…maybe you can help my to understand this issue from another point of view!! (allways respectfull)

cheers


#7

Hi Kevin,

I can see how ASIC’s could help distribution in the mid term. What I’m concerned about is different levels of ASICs and how this will effect the economics.

What I think is going to happen, is a much more powerful and efficient ASIC will exist but the entry level price is so high that it drastically reduces the pool of entities that can enter mining. A similar situation is already playing out with the hardware lv1: GPU’s, lv2: ASIC’s.

if tthe pattern continues it will become GPU’s vs ASIC’s vs SuperASIC’s … then it will deterioate into centralization. For this reason I think the hardware mining need’s to be taken out of the picture. I’m interested in other’s thoughts on my opinion.

Cheers.


#8

What are your solutions to solving mining centralization? Come participate in the “Centralization Solutions?” post in #classic-discussion :+1:

And by the way I am not a trader, I am a ex-miner and a realist looking long term :slightly_smiling_face:


#9

I’ve always wondered what it takes to start up a new mining pool. Seems like with a good working product and a little marketing, it might be feasable to pull off enough hash to pull them off of a 50% share.


#10

join our pps pool at nusapool
etc.nusapool.com