>> (p.1)
    Author Topic: Mining, Pools, and voting on the future of bitcoin  (Read 2038 times)
    Steve (OP)
    Hero Member
    *****
    Offline Offline

    Activity: 868
    Merit: 1008



    View Profile WWW
    January 24, 2012, 07:13:46 PM
     #1

    The discussion in the mining forum and the upcoming transition to support p2sh is very interesting.  As a miner, you have a vote on such changes to the bitcoin protocol.  Your vote is proportional to the amount of mining capacity you control.  The mining pools are being asking to voice which of the proposals for p2sh they support by stating their preference in the blocks the create.  This got me thinking…as a pool operator, taking a position could be risky.  Miners in your pool that don't agree with your position might leave for another pool that was inline with their position.  So, one thing the pools could do is divide up their operations such that the miners could connect to one of several servers, each of which takes a different position on the issue at hand.  This lets the individual miners register their votes however they wish and they don't have to jump to another pool.  Good for the miners and good for the pool operator.

    In the future, I would love to see mining hardware sold as a little solid state brick device for less than $100.  Just about everyone could run these miners to help secure the network and ensure they have a vote in its future direction.  Pools could make it simple for you to configure these devices.  They could also notify you about proposed protocol changes and let you register a vote by configuring your device accordingly.

    (gasteve on IRC) Does your website accept cash? https://bitpay.com
Page 1
Viewing Page: 1