Subject: Re: [bitcoin-dev] Braidpool: Proposal for a decentralised mining pool

From: Eric Voskuil <[email-masked]>
Date: Mon, 6 Sep 2021 10:26:00 +0200

Switching pools has always been possible. But the largest pool is the most profitable, and centralized pools are easily controlled. Decoupling selection without decoupling payout is an engineering change without a pooling pressure change.

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> On Sep 6, 2021, at 10:01, David A. Harding <[email-masked]> wrote:
> 
> On Mon, Sep 06, 2021 at 09:29:01AM +0200, Eric Voskuil wrote:
>> It doesn’t centralize payment, which ultimately controls transaction selection (censorship).
> 
> Yeah, but if you get paid after each share via LN and you can switch
> pools instantly, then the worst case with centralized pools is that
> you don't get paid for one share.  If the hasher sets their share
> difficulty low enough, that shouldn't be a big deal.
> 
> I'm interested in whether braidpool offers any significant benefits over
> an idealized version of centralized mining with independent transaction
> selection.
> 
> -Dave